MIRA INFORM REPORT

 

 

Report Date :

03.07.2012

 

IDENTIFICATION DETAILS

 

Name :

J.R. EUROPA GMBH

 

 

Registered Office :

Decree Weststr. 106 D 59227 Ahlen

 

 

Country :

Germany

 

 

Financials (as on) :

31.12.2007

 

 

Date of Incorporation :

13.03.2006

 

 

Com. Reg. No.:

HRB 12330

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Sale of cars and light motor vehicles

 

 

No. of Employees :

Not Available

 

RATING & COMMENTS

 

MIRA’s Rating :

C

 

RATING

STATUS

PROPOSED CREDIT LINE

<10

C

Absolute credit risk exists. Caution needed to be exercised

Credit not recommended

 

Status :

Dissolved

Payment Behaviour :

--

Litigation :

--

 

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 and address

 

J.R. Europa GmbH

 

Company Status:      dissolved by official      since: 22.11.2011

decree

Weststr. 106

D 59227 Ahlen

 

 

CONCLUSION

 

 Business relations on credit basis are not permissible.

 

 

Registartion data

 

 LEGAL FORM              Private limited company

 Date of foundation:        13.03.2006

 Shareholders'

 agreement:                   13.03.2006

 Registered on:              17.11.2009

 Commercial Register:    Local court 48149 Münster

 under:                          HRB 12330

 

 

Share capital                         

 

EUR             25,000.00

 

 

Shareholder

 

Kamal Faisal Mughal

Weststr. 106

D 59227 Ahlen

born: 13.08.1972

Share:             EUR             25,000.00

 

Manager:

Kamal Faisal Mughal

Weststr. 106

D 59227 Ahlen

having sole power of representation

born: 13.08.1972

 

COMPANY HISTORY

 

 05.05.2006 - 19.05.2009  J.R. Europa GmbH (AG Recklinghausen, HRB

                          5529)

                          Dieselstr. 7

                          D 45661 Recklinghausen

                          Private limited company

 19.05.2009 - 17.11.2009  J.R. Europa GmbH

                          Wittekindstr. 26

                          D 44536 Lünen

                          Private limited company

 17.11.2009 - 04.10.2010  J.R. Europa GmbH

                          Weststr. 6

                          D 59227 Ahlen

                          Private limited company

 

 

RESIGNED ACTING PERSONS AND SHAREHOLDERS

 

 26.05.2009 - 17.11.2009  Manager

                          Katarzyna Konopelska

                          D 44536 Lünen

 

 

BUSINESS ACTIVITIES

 

 Main industrial sector

 4511    Sale of cars and light motor vehicles

46151   Agents involved in the sale of furniture, fitments and

 antiques

4617    Agents involved in the sale of food, beverages and

 tobacco

46186   Agents involved in the sale of paperboard, paper,

 stationery, office supplies, giftware, advertising goods,

 packings and wallpaper

 

FINANCIAL INFORMATION

 

Payment experience:  negative information

 

 Negative information:Negative information is known to us.

 

Balance sheet year:  2007

 

Detention warrant:

                      Amount      last entry:

                          1       06.09.2010

 

 

REAL ESTATE

 

 Type of ownership:   unknown

 Address              Weststr. 106

                      D 59227 Ahlen

 

 Land register documents were not available.

 

 

BANKERS

 

 No bank connection is maintained.

 

 

FINANCIAL FIGURES

 

 No full-time employees are employed.

 

 

BALANCE SHEETS

 

 Balance sheet ratios 01.01.2007 - 31.12.2007

 Equity ratio [%]:                 25.61

 Liquidity ratio:                   0.99

 Return on total capital [%]:     -10.96

 

 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.

 

 Return on total capital

 The return on total capital shows the efficiency and return on

 the total capital employed in the company. The higher the return

 on total capital, the more economically does the company work

 with the invested capital.

 

Type of balance

 sheet:               Company balance sheet

 

 Financial year:      01.01.2007 - 31.12.2007

 

 ASSETS                                  EUR            309,196.18

  Fixed assets                           EUR             42,785.00

   Tangible assets                       EUR             42,785.00

  Current assets                         EUR            258,884.24

   Stocks                                EUR             40,000.00

   Accounts receivable                   EUR            218,449.63

   Liquid means                          EUR                434.61

  Remaining other assets                 EUR              7,526.94

   Accruals (assets)                     EUR                 64.33

   Deficit not covered by shareholders'

   equity                                EUR              7,462.61

 

 LIABILITIES                             EUR            309,196.18

  Shareholders' equity                   EUR                  0.00

   Capital                               EUR             25,000.00

    Subscribed capital (share capital)   EUR             25,000.00

   Balance sheet profit/loss (+/-)       EUR            -32,462.61

    Profit / loss brought forward        EUR                615.70

    Annual surplus / annual deficit      EUR            -33,078.31

   Other shareholders' equity (+/-)      EUR              7,462.61

    Deficit not covered by shareholders'

    equity                               EUR              7,462.61

  Provisions                             EUR              3,978.98

  Liabilities                          EUR            305,217.20

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.55.83

UK Pound

1

Rs.87.41

Euro

1

Rs.70.43

 

 

INFORMATION DETAILS

 

Report Prepared by :

PRL

 

 

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.