MIRA INFORM REPORT

 

 

 

Report Date :

26.07.2012

 

IDENTIFICATION DETAILS

 

Name :

DANIS EDELSTEINHANDEL GMBH

 

 

Registered Office :

Uhlandstr. 2, 75233 Tiefenbronn

 

 

Country :

Germany

 

 

Financials (as on) :

31.12.2008

 

 

Year of Establishment :

08.12.1983       

 

 

Com. Reg. No.:

HRB 501745

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Wholesale of clocks and watches and jewelry

 

 

No. of Employee:

6

 

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 & address

 

Danis Edelsteinhandel GmbH

Uhlandstr. 2

75233 Tiefenbronn

Telephone: 07234/9555-0

Telefax:   07234/9555-55

 

 

CONCLUSION

 

Business relations are permissible.

 

 

Synthesis

 

LEGAL FORM               Private limited company

Date of foundation:         1983

Shareholders' agree-

ment:                                        04.11.1983

Registered on:               08.12.1983

Commercial Register:     Local court 68159 MANNHEIM

under:                           HRB 501745

Share capital:                 EUR             25.564,59

 

 

Shareholder

 

Ytzhak Dankner

IL Heryliya

Share:             EUR             25.564,59

Manager:

Haim Nissim

Uhlandstr. 2

75233 Tiefenbronn

born 06.01.1949

Occupation: Businessman

Marital status: married

Further functions/participations of Haim Nissim (Manager)

 

Shareholder:

DeLux Schmuckwarenhandels GmbH

Uhlandstr. 2

75233 Tiefenbronn

Legal form: Private limited company

dissolved

Share capital:     EUR             25.564,59

Share:             EUR             25.564,59

Reg. Data:  15.02.1996

HRB 503934

68159 MANNHEIM

 

 

BUSINESS ACTIVITIES

 

46480

Wholesale of clocks and watches and jewelry

 

47770

Retail sale of clocks, watches and jewelry

 

 

FINANCIAL INFORMATION

 

Payment experience:  within agreed terms

 

 

REAL ESTATE

 

Type of ownership:         Tenant

Address                        Uhlandstr. 2

75233 Tiefenbronn

 

Private real estate

Name                            Haim Nissim

Type of ownership:         Tenant

Address                        Uhlandstr. 2

75233 Tiefenbronn

 

Land register documents were not available.

 

 

BANKERS

 

COMMERZBANK VORMALS DRESDNER BANK, PFORZHEIM

Sort. code: 66680013

 

VOLKSBANK WILFERDINGEN-KELTERN, REMCHINGEN

Sort. code: 66692300

 

 

FIGURES

 

Total number of vehicles:                                     1

Employees:                                                       6

 

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

 

 

BALANCE SHEETS

 

 Type of balance sheet: Company balance sheet

 

 Financial year end:  31.12.2008

 

 ASSETS                                               6.321.283,90

  Fixed assets                                           55.742,09

   Intangible assets                                        752,00

   Tangible assets                                       54.840,09

   Financial assets                                         150,00

  Current assets                                      6.257.810,81

   Stocks                                             3.316.256,00

   Accounts receivable                                2.674.754,08

   Liquid means                                         266.800,73

  Remaining other assets                                  7.731,00

   Accruals (assets)                                      7.731,00

 

 LIABILITIES                                          6.321.283,90

  Shareholders' equity                                  543.047,90

   Capital                                               25.564,59

    Subscribed capital (share capital)                   25.564,59

   Balance sheet profit/loss (+/-)                      517.483,31

    Profit / loss brought forward                       452.673,75

    Annual surplus / annual deficit                      64.809,56

  Provisions                                             19.900,00

  Liabilities                                         5.758.336,00

 

 The given amounts are EUR values.

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.56.37

UK Pound

1

Rs.87.44

Euro

1

Rs.68.04

 

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

 

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.