MIRA INFORM REPORT

 

 

Report Date :

01.06.2012

 

IDENTIFICATION DETAILS

 

Name :

OTEFAL DEUTSCHLAND GMBH

 

 

Registered Office :

Wiesenmühle 4, D 75045 Walzbachtal

 

 

Country :

Germany

 

 

Financials (as on) :

31.12.2010

 

 

Year of Establishment :

1995

 

 

Com. Reg. No.:

HRB 107438

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Manufacture of other general-purpose machinery

 

 

No. of Employees :

05

 

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

 

OTEFAL Deutschland GmbH

 

 

Company address

 

Wiesenmühle 4

D 75045 Walzbachtal

Telephone:        07203/91370

Telefax:             07203/913720

Homepage:        www.otefal.de

E-mail:              info@otefal.de

 

 

VAT no.          

 

DE811892262

 

 

Tax ID number

 

34416/07059

 

 

Synthesis

 

LEGAL FORM               Private limited company

Date of foundation:         1995

Shareholders'

agreement:                    18.07.1995

Registered on:               17.04.1996

Commercial Register:     Local court 68159 Mannheim

under:                                       HRB 107438

Share capital:                 EUR             76,693.78

 

 

Shareholder

 

Otefal S.P.A.L

I  Aquila

Legal form: Other legal form

Share:             EUR             76,693.78

Manager

 

Dieter Xaver Rückher

Bruchstr. 20a

D 75045 Walzbachtal

having sole power of representation

born: 28.01.1959

Profession: Businessman

Property regime: Statutory matrimonial

property regime

Marital status: married

 

Manager:

Luigi Pozzoli

Giudecca n. 719

I 30100 Venezia

having sole power of representation

born: 18.08.1947

Profession: Businessman

Nationality: Italian

 

Further functions/participations of Dieter Xaver Rückher

(Manager)

 

Manager:

                     MIRALU Deutschland GmbH

                     Wiesenmühle 4

                     D 75045 Walzbachtal

                     Legal form: Private limited company

                     Share capital:     EUR            200,000.00

                     Registered

                     on:         04.10.2010

                     Reg. data:  68159 Mannheim, HRB 710264

 

 

COMPANY HISTORY

 

18.07.1995 - 17.04.1996             OTEFAL Deutschland GmbH c/o. Kanzlei

                         Dr.Giebelmann & Salvoni

                         Nymphenburger Str. 118

                         D 80636 München

                         Private limited company

 

17.04.1996 - 1998                      OTEFAL Deutschland GmbH

                         Wiesenmühle 5

                         D 75045 Walzbachtal

                         Private limited company

 

 

BUSINESS ACTIVITIES

 

Sectors

 

28290   Manufacture of other general-purpose machinery

 

4612    Agents involved in the sale of fuels, ores, metals and industrial chemicals

 

46154   Agents involved in the sale of iron, metal and plastic goods n.e.c.

 

46620   Wholesale of machine tools

 

 

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                        Wiesenmühle 4

                                    D 75045 Walzbachtal

 

Real Estate of:               Dieter Xaver Rückher

Type of ownership:         Tenant

Address                        Bruchstr. 20a

                                    D 75045 Walzbachtal

 

Land register documents were not available.

 

 

BANKERS

 

Principal bank

VOLKSBANK STUTENSEE-WEINGARTEN, WALZBACHTAL

Sort. code: 66061724, Account no.: 20042206, BIC: GENODE61WGA

 

Further bank

UBI BANCA INTERNATIONAL - NDL MÜNCHEN, MÜNCHEN

Sort. code: 70110600, BIC: BEPODEMMXXX

 

 

FINANCIAL FIGURES

 

Turnover:            2010               EUR         13,000,000.00

Profit:              2010               EUR            422,837.00

Ac/ts receivable:                       EUR            431,879.00

Liabilities:                           EUR          1,423,199.00

Employees:                                                      5

 

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 [%]:                 37.70

Liquidity ratio:                   1.10

Return on total capital [%]:      15.11

 

Balance sheet ratios 01.01.2009 - 31.12.2009

Equity ratio [%]:                 22.86

Liquidity ratio:                   0.44

Return on total capital [%]:       8.38

 

Balance sheet ratios 01.01.2008 - 31.12.2008

Equity ratio [%]:                  9.23

Liquidity ratio:                   0.22

Return on total capital [%]:      -0.09

 

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.

 

Balance sheet grade

The balance sheet grade is based on the following ratios: equity ratio, liquidity ratio and return on total capital from the balance sheets published in the Federal Gazette.


 

Type of balance

sheet:               Company balance sheet

 

Financial year:      01.01.2010 - 31.12.2010

 

ASSETS                                  EUR          2,799,638.58

 Fixed assets                           EUR             54,931.00

  Intangible assets                     EUR              1,824.00

   Other / unspecified intangible assetsEUR              1,824.00

  Tangible assets                       EUR             53,107.00

   Other / unspecified tangible assets  EUR             53,107.00

 Current assets                         EUR          2,739,299.04

  Stocks                                EUR          1,275,645.42

  Accounts receivable                   EUR            431,878.96

   Other debtors and assets             EUR            431,878.96

  Liquid means                          EUR          1,031,774.66

 Remaining other assets                 EUR              5,408.54

  Accruals (assets)                     EUR              5,408.54

 

LIABILITIES                             EUR          2,799,638.58

 Shareholders' equity                   EUR          1,056,053.41

  Capital                               EUR             76,693.78

   Subscribed capital (share capital)   EUR             76,693.78

  Balance sheet profit/loss (+/-)       EUR            979,359.63

   Profit / loss brought forward        EUR            556,522.41

   Annual surplus / annual deficit      EUR            422,837.22

 Provisions                             EUR            320,386.39

 Liabilities                            EUR          1,423,198.78

  Other liabilities                     EUR          1,423,198.78

   Unspecified other liabilities        EUR          1,423,198.78

 

Type of balance

sheet:               Company balance sheet

 

Financial year:      01.01.2009 - 31.12.2009

 

ASSETS                                  EUR          2,765,183.07

 Fixed assets                           EUR             59,654.00

  Intangible assets                     EUR              2,724.00

   Other / unspecified intangible assetsEUR              2,724.00

  Tangible assets                       EUR             56,930.00

   Other / unspecified tangible assets  EUR             56,930.00

 Current assets                         EUR          2,700,008.00

  Stocks                                EUR          1,818,633.68

  Accounts receivable                   EUR            834,419.27

   Other debtors and assets             EUR            834,419.27

  Liquid means                          EUR             46,955.05

 Remaining other assets                 EUR              5,521.07

  Accruals (assets)                     EUR              5,521.07

 

LIABILITIES                             EUR          2,765,183.07

 Shareholders' equity                   EUR            633,216.19

  Capital                               EUR             76,693.78

   Subscribed capital (share capital)   EUR             76,693.78

  Balance sheet profit/loss (+/-)       EUR            556,522.41

   Profit / loss brought forward        EUR            325,049.39

   Annual surplus / annual deficit      EUR            231,473.02

 Provisions                             EUR            172,193.65

 Liabilities                            EUR          1,959,773.23

  Other liabilities                     EUR          1,959,773.23

   Unspecified other liabilities        EUR          1,959,773.23

 

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.56.42

UK Pound

1

Rs.87.37

Euro

1

Rs.69.95

 

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.