MIRA INFORM REPORT

 

 

Report Date :

02.06.2012

 

IDENTIFICATION DETAILS

 

Name :

F. & A. PHARMA-HANDELS-GMBH

 

 

Registered Office :

Bonhoefferring 41, D 46286 Dorsten

 

 

Country :

Germany

 

 

Financials (as on) :

31.12.2010

 

 

Date of Incorporation :

19.05.2005

 

 

Com. Reg. No.:

HRB 8334

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Wholesale of pharmaceutical goods

 

 

No. of Employees :

02

 

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 :

Slow

 

 

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 

 

F. & A. PHARMA-Handels-GmbH

 

 

Company address 

 

Bonhoefferring 41

D 46286 Dorsten

Telephone:        02369/9261947

Telefax:             02369/9261950

Homepage:        www.fa-pharma.com

E-mail:              info@fa-pharma.com

 

 

VAT no          

 

DE814450701

 

Synthesis

 

LEGAL FORM               Private limited company

Date of foundation:         19.05.2005

Shareholders'

agreement:                    19.05.2005

Registered on:               18.10.2005

Commercial Register:     Local court 45879 Gelsenkirchen

under:                                       HRB 8334

Share capital:                 EUR             25,000.00

 

 

Shareholder

 

Dirk Friedrich

Bonhoefferring 41

D 46286 Dorsten

born: 11.10.1976

Share:             EUR             25,000.00

 

 

Manager

 

Dirk Friedrich

Bonhoefferring 41

D 46286 Dorsten

having sole power of representation

born: 11.10.1976

Profession: Fully qualified merchant

 

 

COMPANY HISTORY

 

18.10.2005 - 18.10.2009  F. & A. PHARMA-Handels-GmbH

                                                Hochstr. 60

                                                D 45894 Gelsenkirchen

                                                Private limited company

 

18.10.2009 - 13.07.2011  F. & A. PHARMA-Handels-GmbH

                                                Am Sägewerk 67

                                                D 46286 Dorsten

                                                Private limited company

 

 

BUSINESS ACTIVITIES

 

Sectors

46461   Wholesale of pharmaceutical goods

 

 

FINANCIAL INFORMATION

 

Payment experience:     within agreed terms

 

Negative information:      We have no negative information at hand.

 

Balance sheet year:       2010

 

REAL ESTATE

 

Type of ownership:         Tenant

Address                        Bonhoefferring 41

                                    D 46286 Dorsten

 

Land register documents were not available.

 

 

BANKERS

 

VOLKSBANK RUHR MITTE, GELSENKIRCHEN

Sort. code: 42260001, BIC: GENODEM1GBU

 

 

FINANCIAL FIGURES

 

Commission income:   2010               EUR            320,000.00

                     2011               EUR            320,000.00

further business figures:

Ac/ts receivable:                       EUR             52,692.00

Liabilities:                           EUR            113,150.00

Employees:                                                      2

 

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 [%]:                 30.38

Liquidity ratio:                   1.44

Return on total capital [%]:      -7.88

 

Balance sheet ratios 01.01.2009 - 31.12.2009

Equity ratio [%]:                 23.47

Liquidity ratio:                   1.25

Return on total capital [%]:     -19.43

 

Balance sheet ratios 01.01.2008 - 31.12.2008

Equity ratio [%]:                 54.65

Liquidity ratio:                  10.00

Return on total capital [%]:      40.96

 

Balance sheet ratios 01.01.2007 - 31.12.2007

Equity ratio [%]:                 36.91

Liquidity ratio:                   1.30

Return on total capital [%]:      -7.76

 

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            115,250.01

 Fixed assets                           EUR              2,765.00

  Intangible assets                     EUR                  3.00

   Other / unspecified intangible assetsEUR                  3.00

  Tangible assets                       EUR              2,762.00

   Other / unspecified tangible assets  EUR              2,762.00

 Current assets                         EUR             55,097.44

  Accounts receivable                   EUR             52,691.81

   Other debtors and assets             EUR             52,691.81

  Liquid means                          EUR              2,405.63

 Remaining other assets                 EUR             57,387.57

  Accruals (assets)                     EUR              1,286.00

  Deficit not covered by shareholders'

  equity                                EUR             56,101.57

 

LIABILITIES                             EUR            115,250.01

 Shareholders' equity                   EUR                  0.00

  Capital                               EUR             25,000.00

   Subscribed capital (share capital)   EUR             25,000.00

  Balance sheet profit/loss (+/-)       EUR            -81,101.57

   Balance sheet profit / loss          EUR            -81,101.57

  Other shareholders' equity (+/-)      EUR             56,101.57

   Deficit not covered by shareholders'

   equity                               EUR             56,101.57

 Provisions                             EUR              2,100.00

 Liabilities                            EUR            113,150.01

  Other liabilities                     EUR            113,150.01

   Unspecified other liabilities        EUR            113,150.01

 

Type of balance

sheet:               Company balance sheet

 

Financial year:      01.01.2009 - 31.12.2009

 

ASSETS                                  EUR            147,782.06

 Fixed assets                           EUR              4,067.00

  Intangible assets                     EUR                 55.00

   Other / unspecified intangible assetsEUR                 55.00

  Tangible assets                       EUR              4,012.00

   Other / unspecified tangible assets  EUR              4,012.00

 Current assets                         EUR             88,719.79

  Accounts receivable                   EUR             81,725.68

   Other debtors and assets             EUR             81,725.68

  Liquid means                          EUR              6,994.11

 Remaining other assets                 EUR             54,995.27

  Accruals (assets)                     EUR              3,557.00

  Deficit not covered by shareholders'

  equity                                EUR             51,438.27

 

LIABILITIES                             EUR            147,782.06

 Shareholders' equity                   EUR                  0.00

  Capital                               EUR             25,000.00

   Subscribed capital (share capital)   EUR             25,000.00

  Balance sheet profit/loss (+/-)       EUR            -76,438.27

   Balance sheet profit / loss          EUR            -76,438.27

  Other shareholders' equity (+/-)      EUR             51,438.27

   Deficit not covered by shareholders'

   equity                               EUR             51,438.27

 Provisions                             EUR              1,500.00

 Liabilities                            EUR            146,282.06

  Other liabilities                     EUR            146,282.06

   Unspecified other liabilities        EUR            146,282.06

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.55.92

UK Pound

1

Rs.86.03

Euro

1

Rs.69.13

 

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.