MIRA INFORM REPORT

 

 

Report Date :

09.06.2012

 

IDENTIFICATION DETAILS

 

Name :

FSM - IMPORTGESELLSCHAFT MBH

 

 

Registered Office :

Ulrichstr. 12 D 45891 Gelsenkirchen                             

 

 

Country :

Germany

 

 

Financials (as on) :

30.09.2010

 

 

Date of Incorporation :

24.07.1990

 

 

Com. Reg. No.:

HRB 7793

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Non-specialized wholesale trade

 

 

No. of Employees :

2

 

RATING & COMMENTS

 

MIRA’s Rating :

A

 

RATING

STATUS

PROPOSED CREDIT LINE

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

 

Status :

Good

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 and address

 

FSM - Importgesellschaft mbH

 

Company Status:      active

Ulrichstr. 12

D 45891 Gelsenkirchen

Telephone:0209/70970

Telefax:  0209/7097301

Homepage: www.roller.de

E-mail:   info@roller.de

 

 

CONCLUSION

 

 Business relations are permissible.

 

 

Regiatrtion data

 

 LEGAL FORM              Private limited company

 Date of foundation:        24.07.1990

 Shareholders'

 agreement:                   24.07.1990

 Registered on:              26.07.2004

 Commercial Register:    Local court 45879 Gelsenkirchen

 under:                          HRB 7793

 

 

Share capital                       

 

EUR             26,000.00

 

 

Shareholder

 

Roller GmbH & Co. KG

Willy-Brandt-Allee 72

D 45891 Gelsenkirchen

Legal form: Ltd partnership with priv. ltd.

company as general partner

Total cap.         EUR         30,000,000.00

contribution:

Share:             EUR             13,000.00

Registered on: 05.02.1990

Reg. data: 45879 Gelsenkirchen, HRA 1887

 

Shareholder:

Holger Eilers

D 37181 Hardegsen

born: 01.04.1952

Share:             EUR              6,500.00

 

Shareholder:

Frank Wierzyk

Benediktstr. 6

D 44649 Herne

born: 04.11.1963

Share:             EUR              6,500.00

 

Manager:

Holger Eilers

D 37181 Hardegsen

born: 01.04.1952

Profession: Businessman

 

Manager:

Frank Wierzyk

Benediktstr. 6

D 44649 Herne

born: 04.11.1963

Profession: Businessman

 

 

Further functions/participations of Holger Eilers

(Manager)

 

Manager:

Burg Calenberg Beteiligungs GmbH

An der Burg 4-8

D 37120 Bovenden

Legal form: Private limited company

Share capital:     EUR          2,050,000.00

Registered

on:         10.03.1993

Reg. data:  37073 Göttingen, HRB 131102

 

Manager:

Teppich Domäne Harste Verwaltungs-GmbH

An der Burg 4-8

D 37120 Bovenden

Legal form: Private limited company

Share capital:     EUR          2,600,000.00

Registered

on:         08.12.1992

Reg. data:  37073 Göttingen, HRB 2266

 

Manager:

Teppich Domäne Handels-GmbH

An der Burg 4-8

D 37120 Bovenden

Legal form: Private limited company

Share capital:     EUR          2,100,000.00

Registered

on:         19.12.1995

Reg. data:  37073 Göttingen, HRB 2602

 

 

COMPANY HISTORY

 

 24.07.1990 - 10.07.2002  G + B Grund und Boden

                          Verwaltungsgesellschaft mbH

                          D 01665 Klipphausen

                          Private limited company

 10.07.2002 - 26.07.2004  FSM - Importgesellschaft mbH

                          Obere Hilgenstock

                          D 34414 Warburg

                          Private limited company

 26.07.2004 - 02.08.2004  FSM - Importgesellschaft mbH

                          Ulrichstr. 12

                          D 45891 Gelsenkirchen

                          Private limited company

 

 

BUSINESS ACTIVITIES

 

 Sectors

 46903   Non-specialized wholesale trade

 

BRANCHES AND FACTORIES

 

Branch:

FSM - Importgesellschaft mbH

Wagenstieg 12

D 37077 Göttingen

TEL.: 0551/5030-201

 

 

FINANCIAL INFORMATION

 

Payment experience:  within agreed terms

 

 Negative information:We have no negative information at hand.

 

 Maximum credit:      250,000 EUR

 

Balance sheet year:  2009/2010

 

 

REAL ESTATE

 Type of ownership:   Tenant

 Address              Ulrichstr. 12

                      D 45891 Gelsenkirchen

 

 Land register documents were not available.

 

 

BANKERS

 

 SPARKASSE GELSENKIRCHEN, GELSENKIRCHEN

 Sort. code: 42050001, BIC: WELADED1GEK

 

 

FINANCIAL FIGURES

 

 Turnover:            2009/2010          EUR         27,430,645.00

                      2010/2011          EUR         27,500,000.00

                      2011/2012          EUR         27,500,000.00

 Profit:              2009/2010          EUR              2,524.00

 further business figures:

 Equipment:                              EUR             12,000.00

 Ac/ts receivable:                       EUR          1,613,386.00

 Liabillities:                           EUR         12,823,830.00

 Employees:                                                      2

 

 

BALANCE SHEETS

 

 Balance sheet ratios 01.10.2009 - 30.09.2010

 Equity ratio [%]:                 94.87

 Liquidity ratio:                   1.70

 Return on total capital [%]:       0.02

 

 

 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:      01.10.2009 - 30.09.2010

 

 ASSETS                                  EUR         13,035,679.97

  Fixed assets                           EUR             33,361.00

   Intangible assets                     EUR              1,054.00

    Other / unspecified intangible assetsEUR              1,054.00

   Tangible assets                       EUR             32,307.00

    Other / unspecified tangible assets  EUR             32,307.00

  Current assets                         EUR         12,998,733.93

   Stocks                                EUR         11,321,931.22

    Finished goods / work in progress    EUR          9,493,644.52

    Advance payments made                EUR          1,828,286.70

   Accounts receivable                   EUR          1,613,386.65

    Amounts due from shareholders        EUR            830,826.88

    Trade debtors                        EUR            119,343.12

    Other debtors and assets             EUR            663,216.65

   Liquid means                          EUR             63,416.06

  Remaining other assets                 EUR              3,585.04

   Accruals (assets)                     EUR              3,585.04

 

 LIABILITIES                             EUR         13,035,679.97

  Shareholders' equity                   EUR            109,041.77

   Capital                               EUR             26,000.00

    Subscribed capital (share capital)   EUR             26,000.00

   Balance sheet profit/loss (+/-)       EUR             83,041.77

    Profit / loss brought forward        EUR             80,517.80

    Annual surplus / annual deficit      EUR              2,523.97

  Provisions                             EUR            102,807.77

   Provisions for taxes                  EUR             12,370.57

   Other / unspecified provisions        EUR             90,437.20

  Liabilities                            EUR         12,823,830.43

   Other liabilities                     EUR         12,823,830.43

    Trade creditors (for IAS incl. bills

    of exchange)                         EUR            522,750.77

    Liabilities due to shareholders      EUR         12,301,079.66

 

 PROFIT AND LOSS ACCOUNT (cost-summary method) according to Comm.

 Code (HGB)

  Sales                                  EUR         27,430,645.46

  Other operating income                 EUR            744,529.42

  Cost of materials                      EUR         22,997,856.09

   Raw materials and supplies, purchased

   goods                                 EUR         22,997,856.09

  Gross result (+/-)                     EUR          5,177,318.79

  Staff expenses                         EUR             70,643.69

   Wages and salaries                    EUR             66,434.88

   Social security contributions and

   expenses for pension plans and

   benefits                              EUR              4,208.81

  Total depreciation                     EUR              9,323.66

   Depreciation on tangible / intangible

   asssets (incl. start-up and exp. of

   bus.                                  EUR              9,323.66

  Other operating expenses               EUR          4,897,352.21

  Operating result from continuing

  operations                             EUR            199,999.23

  Interest result (+/-)                  EUR           -159,142.50

   Interest and similar expenses         EUR            159,142.50

  Financial result (+/-)                 EUR           -159,142.50

  Result from ordinary operations (+/-)  EUR             40,856.73

  Income tax / refund of income tax (+/-)EUR            -38,332.76

  Tax (+/-)                              EUR            -38,332.76

  Annual surplus / annual deficit      EUR              2,523.97

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.55.36

UK Pound

1

Rs.85.64

Euro

1

Rs.69.21

 

 

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.