MIRA INFORM REPORT

 

 

Report Date :

02.07.2012

 

IDENTIFICATION DETAILS

 

Name :

TEPPICH DRECHSLE GMBH & CO. KG

 

 

Registered Office :

Palmstr. 6, D 79539 Lörrach

 

 

Country :

Germany

 

 

Financials (as on) :

31.12.2010

 

 

Year of Establishment :

1978

 

 

Com. Reg. No.:

HRA 410893

 

 

Legal Form :

Ltd partnership with priv. ltd. company as  general partner

 

 

Line of Business :

Wholesalers of textiles

 

 

No. of Employees :

07

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Moderate

Payment Behaviour :

No Complaints

Litigation :

Clear

 

 

NOTES:

Any query related to this report can be made on e-mail: infodept@mirainform.com while quoting report number, name and date.

 

ECGC Country Risk Classification List – March 31st, 2012

 

Country Name

Previous Rating

(31.12.2011)

Current Rating

(31.03.2012)

Germany

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D


 

Company name

 

Teppich Drechsle GmbH & Co. KG

 

 

Company address 

 

Palmstr. 6

D 79539 Lörrach

Telephone:07621/44630

Telefax:  07621/2276

 

 

Synthesis

 

LEGAL FORM               Ltd partnership with priv. ltd. company as

                                    general partner

Date of foundation:      1978

Registered on:             03.03.1981

Register of

companies:                  Local court 79098 Freiburg

under:                          HRA 410893

Total cap. contribution:     EUR              3,067.75

 

 

Limited partner

 

Alfred Wulff

D 79539 Lörrach

Share:             EUR              1,533.88

 

Limited partner:

Stefan Klaus Drechsle

Palmstr. 6

D 79539 Lörrach

born: 22.03.1957

Share:             EUR              1,533.88

 


General partner

 

Teppich-Drechsle GmbH

Palmstr. 4

D 79539 Lörrach

Legal form: Private limited company

Share capital:     EUR             25,000.00

Registered on: 03.03.2006

Reg. data: 79098 Freiburg, HRB 413726

 

 

Shareholder

 

Stefan Klaus Drechsle

Palmstr. 6

D 79539 Lörrach

born: 22.03.1957

Share:             EUR             25,000.00

 

 

Manager

 

Stefan Klaus Drechsle

Palmstr. 6

D 79539 Lörrach

having sole power of representation

born: 22.03.1957

Marital status: married

 

 

COMPANY HISTORY

 

04.07.1995 - 27.03.1996  Teppich Drechsle KG

                         Kreuzstr. 98

                         D 79540 Lörrach

                         Limited partnership

29.05.2006 - 21.06.2006  Teppich Drechsle KG

                         Palmstr. 6

                         D 79539 Lörrach

                         Limited partnership

21.06.2006 - 2010        Teppich Drechsle GmbH & Co. KG

                         Palmstr. 6

                         D 79539 Lörrach

                         Ltd partnership with priv. ltd. company

                         as general partner

 

 

BUSINESS ACTIVITIES

 

Sectors

46410   Wholesale of textiles

 

 

FINANCIAL INFORMATION

 

Payment experience:              within periods customary in this trade

 

Negative information:  We have no negative information at hand.

 

Balance sheet year:     2010

 

 

REAL ESTATE

 

Type of ownership:      Tenant

Address                        Palmstr. 6

                                    D 79539 Lörrach

 

Real Estate of:             Teppich-Drechsle GmbH

Type of ownership:      Tenant

Address                        Palmstr. 4

                                    D 79539 Lörrach

 

Land register documents were not available.

 

 

BANKERS

 

SPARKASSE LÖRRACH-RHEINFELDEN, LÖRRACH

Sort. code: 68350048, BIC: SOLADES1LOE

 

VOLKSBANK DREILÄNDERECK, LÖRRACH

Sort. code: 68390000, BIC: VOLODE66XXX

 

 


FINANCIAL FIGURES

 

Turnover:            2010               EUR          1,400,000.00

Ac/ts receivable:                       EUR            270,200.00

Liabilities:                            EUR            549,476.00

Employees:                                                      7

 

The aforementioned business figures may partly be estimated information based on average values in the line of business.

 

 

BALANCE SHEETS

 

Balance sheet ratios 01.01.2010 - 31.12.2010

Equity ratio [%]:                 27.53

Liquidity ratio:                   0.59

 

Balance sheet ratios 01.01.2009 - 31.12.2009

Equity ratio [%]:                  9.20

Liquidity ratio:                   0.27

 

Balance sheet ratios 01.01.2008 - 31.12.2008

Equity ratio [%]:                  9.00

Liquidity ratio:                   0.26

 

Balance sheet ratios 01.01.2007 - 31.12.2007

Equity ratio [%]:                  8.42

Liquidity ratio:                   0.25

 

Equity ratio

The equity ratio indicates the portion of the equity as compared to the total capital. The higher the equity ratio, the better the economic stability (solvency) and thus the financial autonomy of a company.

 

Liquidity ratio

The liquidity ratio shows the proportion between adjusted receivables and net liabilities. The higher the ratio, the lower the company's financial dependancy from external creditors.

 


Type of balance sheet:               Company balance sheet

 

Financial year:      01.01.2010 - 31.12.2010

 

ASSETS                                  EUR          1,001,229.15

 Fixed assets                           EUR             42,627.18

  Intangible assets                     EUR                122.00

   Other / unspecified intangible assetsEUR                122.00

  Tangible assets                       EUR             42,418.00

   Other / unspecified tangible assets  EUR             42,418.00

  Financial assets                      EUR                 87.18

   Other / unspecified financial assets EUR                 87.18

 Current assets                         EUR            745,072.51

  Stocks                                EUR            326,022.56

  Accounts receivable                   EUR            270,200.62

   Other debtors and assets             EUR            270,200.62

  Liquid means                          EUR            148,849.33

 Remaining other assets                 EUR            213,529.46

  Accruals (assets)                     EUR             13,366.85

  Deficit not covered by shareholders'

  equity                                EUR            200,162.61

 

LIABILITIES                             EUR          1,001,229.15

 Shareholders' equity                   EUR            438,818.98

  Capital                               EUR            438,053.98

   Limited partner's capital / capital

   of partially liable partner (LP)     EUR            438,053.98

  Reserves                              EUR                765.00

 Provisions                             EUR             12,934.00

 Liabilities                            EUR            549,476.17

  Other liabilities                     EUR            549,476.17

   Unspecified other liabilities        EUR            549,476.17

 

Type of balance

sheet:               Company balance sheet

 

Financial year:      01.01.2009 - 31.12.2009

 

ASSETS                                  EUR            803,366.95

 Fixed assets                           EUR             49,214.42

  Intangible assets                     EUR                335.00

   Other / unspecified intangible assetsEUR                335.00

  Tangible assets                       EUR             31,098.06

   Other / unspecified tangible assets  EUR             31,098.06

  Financial assets                      EUR             17,781.36

   Other / unspecified financial assets EUR             17,781.36

 Current assets                         EUR            747,085.05

  Stocks                                EUR            399,154.11

  Accounts receivable                   EUR            167,052.13

   Other debtors and assets             EUR            167,052.13

  Liquid means                          EUR            180,878.81

 Remaining other assets                 EUR              7,067.48

  Accruals (assets)                     EUR              7,067.48

 

LIABILITIES                             EUR            803,366.95

 Shareholders' equity                   EUR            108,237.10

  Capital                               EUR            108,237.10

   Limited partner's capital / capital

   of partially liable partner (LP)     EUR            108,237.10

 Provisions                             EUR             28,990.00

 Liabilities                            EUR            666,139.85

  Other liabilities                     EUR            666,139.85

   Unspecified other liabilities        EUR            666,139.85

 

There may have been some changes since our last research took place. Therefore, a freshly researched report will follow shortly.


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.56.31

UK Pound

1

Rs.88.06

Euro

1

Rs.70.91

 

INFORMATION DETAILS

 

Report Prepared by :

MNL

 

RATING EXPLANATIONS

 

RATING

STATUS

 

 

PROPOSED CREDIT LINE

>86

Aaa

Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums

 

Unlimited

71-85

Aa

Possesses adequate working capital. No caution needed for credit transaction. It has above average (strong) capability for payment of interest and principal sums

 

Large

56-70

A

Financial & operational base are regarded healthy. General unfavourable factors will not cause fatal effect. Satisfactory capability for payment of interest and principal sums

 

Fairly Large

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

 

Satisfactory

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

 

Small

11-25

Ca

Adverse factors are apparent. Repayment of interest and principal sums in default or expected to be in default upon maturity

 

Limited with full security

<10

C

Absolute credit risk exists. Caution needed to be exercised

 

 

Credit not recommended

----

NB

New Business

----

 

This score serves as a reference to assess SC’s credit risk and to set the amount of credit to be extended. It is calculated from a composite of weighted scores obtained from each of the major sections of this report. The assessed factors and their relative weights (as indicated through %) are as follows:

 

Financial condition (40%)            Ownership background (20%)                 Payment record (10%)

Credit history (10%)                    Market trend (10%)                                Operational size (10%)

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.