MIRA INFORM REPORT

 

 

Report Date :

18.07.2012

 

IDENTIFICATION DETAILS

 

Name :

ROHSTOFFHANDEL BERNHARD WESTARP GMBH & CO. KG

 

 

Registered Office :

Hafenrandstr. 5-6, D 63741 Aschaffenburg

 

 

Country :

Germany

 

 

Date of Incorporation :

17.09.1949

 

 

Com. Reg. No.:

HRA 466

 

 

Legal Form :

Ltd Partnership With Priv. Ltd. Company As General Partner

 

 

Line of Business :

Wholesale of waste and scrap

 

 

No. of Employees :

Not Available

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

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

Satisfactory

 

Status :

Satisfactory

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

 

 ROHSTOFFHANDEL BERNHARD WESTARP GMBH & CO. KG

 

 

COMPANY ADDRESS

 

Hafenrandstr. 5-6

D 63741 Aschaffenburg

Telephone:06021/8460-0

Telefax:  06021/80522

Homepage: www.westarp-kg.de

E-mail:   info@westarp-kg.de

 

 

Registration data

 

 

LEGAL FORM                           Ltd partnership with priv. ltd. company as

                                                 general partner

Date of foundation:                     17.09.1949

Registered on:                           17.09.1949

Register of

companies:                               Local court 63739 Aschaffenburg

under:                                       HRA 466

 

Total cap. contribution      

 

 EUR             51,129.19

 

 

Limited partner

 

Erika Berta Westarp

Alfred-Delp-Str. 18

D 63741 Aschaffenburg

born: 24.09.1930

née: Mannweiler

Share:             EUR             51,129.19

 

 

General partner

 

Alois Westarp Rohstoffverwertung GmbH

Hafenrandstr. 6

D 63741 Aschaffenburg

Legal form: Private limited company

Share capital:     EUR            102,258.38

Registered on: 09.11.1988

Reg. data: 63739 Aschaffenburg, HRB 3703

 

 

Shareholder

 

Jürgen Westarp

Hafenrandstr. 6

D 63741 Aschaffenburg

born: 03.05.1962

Share:             EUR            102,258.38

 

 

Manager

 

Jürgen Westarp

Hafenrandstr. 6

D 63741 Aschaffenburg

having sole power of representation

born: 03.05.1962

Profession: Businessman

Marital status: single

 

 

General partner

 

Tanja Kleinschmitt

D 63739 Aschaffenburg

born: 14.05.1973

 

 

Proxy

André Roth

D 63768 Hösbach

having sole power of representation

born: 03.01.1970

 

 

 

 

Further functions/participations of Tanja Kleinschmitt (General partner)

 

General partner

Heinrich Hark GmbH & Co. KG

Rohproduktenhandlung

Am Ortsgüterbahnhof 9

D 59063 Hamm

Legal form: Ltd partnership with priv. ltd.

company as general partner

 

Total cap.         EUR             40,903.35

contribution:

Registered

on:         01.01.1975

 

Reg. data:  59065 Hamm, HRA 108

 

 

COMPANY HISTORY

 

07.06.2000 - 01.01.2006             Rohstoffhandel Bernhard Westarp KG Inh.

                                                            Alois Westarp & Co.

                                                Hafenrandstr. 5-6

                                                            D 63741 Aschaffenburg

                                                            Limited partnership

 

02.01.2006 - 2011                      Rohstoffhandel Bernhard Westar p GmbH &

                                                            Co. KG

                                                            Hafenrandstr. 5-6

                                                            D 63741 Aschaffenburg

                                                Ltd partnership with priv. ltd. company

                                                            as general partner

 

 

BUSINESS ACTIVITIES

 

Secondary industrial sector

43110   Demolition

46770   Wholesale of waste and scrap

 

 

FINANCIAL INFORMATION

 

Payment experience:  cash discount/within agreed terms

 

Negative information: We have no negative information at hand.

 

 

REAL ESTATE

 

Type of ownership:         Tenant

Address                        Hafenrandstr. 5-6

                                       D 63741 Aschaffenburg

 

Real Estate of:               Alois Westarp Rohstoffverwertung GmbH

Type of ownership:         Tenant

Address                        Hafenrandstr. 6

                                    D 63741 Aschaffenburg

 

Land register documents were not available.

 

 

BANKERS

 

Principal bank

RAIFFEISENBANK ASCHAFFENBURG, ASCHAFFENBURG

Sort. code: 79562514, BIC: GENODEF1AB1

 

Further banks

 

SPARKASSE ASCHAFFENBURG ALZENAU, ASCHAFFENBURG

Sort. code: 79550000, BIC: BYLADEM1ASA

COMMERZBANK, ASCHAFFENBURG

Sort. code: 79540049, BIC: COBADEFF795

 

 

FINANCIAL FIGURES

 

Financial year:      01.01. - 31.12.

Turnover:            2010               EUR         60,000,000.00

Equipment:                              EUR          6,000,000.00

Real estate of the firm:                EUR          5,624,000.00

Employees:                                                    150

 

The aforementioned business figures may partly be estimated

information based on average values in the line of business.


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs. 55.14

UK Pound

1

Rs. 86.29

Euro

1

Rs. 67.72

 

INFORMATION DETAILS

 

Report Prepared by :

NLM

 

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.