MIRA INFORM REPORT

 

 

Report Date :

09.06.2012

 

IDENTIFICATION DETAILS

 

Name :

VMM GMBH

 

 

Registered Office :

Dusenbacher Str. 64,  D 64739 Höchst

 

 

Country :

Germany

 

 

Financials (as on) :

31.12.2010

 

 

Date of Incorporation :

18.02.2009

 

 

Com. Reg. No.:

64283

 

 

Legal Form :

Private limited company

 

 

Line of Business :

Wholesale of non-ferrous ores, metals and metal semi-finished goods

 

 

No. of Employees :

09

 

 

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 – September 30, 2011

 

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

 

VMM GmbH

 

 

Company address

 

 Dusenbacher Str. 64

 D 64739 Höchst

 Telephone:06163/9388214

 Telefax:  06163/9388410

 Homepage: www.vmm-gmbh.de

 E-mail:   info@vmm-gmbh.de

 

 

VAT no          

 

DE263651021

 

 

Tax ID number     

 

204/141/50366

 

 

Synthesis

 

LEGAL FORM           Private limited company

Date of foundation:    18.02.2009

Shareholders'

agreement:                18.02.2009

Registered on:            06.05.2011

Commercial Register: Local court 64283 Darmstadt

under:                                    HRB 89979

Share capital:             EUR            300,000.00

 

 

Shareholder

        

  Harry Stender

  Meißener Str. 39

  D 40625 Düsseldorf

  born:               29.10.1960

  Share:             EUR            200,000.00

Shareholder:

Uwe Hillerich

Hauptstr. 94

D 63853 Mömlingen

born: 21.05.1967

Share:             EUR            100,000.00

 

 

Manager

                    

Uwe Hillerich

Hauptstr. 94

D 63853 Mömlingen

having sole power of representation

born: 21.05.1967

 

Further functions/participations of Uwe Hillerich (Manager)

Shareholder:

 

 VMM GmbH Verwertung medizinischer

 Materialien

 Am Schlaggraben 24

 D 63853 Mömlingen

 Legal form:         Private limited company dormant

 Share capital:     EUR             25,000.00

 Share:                EUR             12,000.00

 Registered on:    20.06.2007

 Reg. data:  63739 Aschaffenburg, HRB 10053

 

Manager:

 

VMM GmbH Verwertung medizinischer

Materialien

Am Schlaggraben 24

D 63853 Mömlingen

Legal form: Private limited company dormant

Share capital:     EUR             25,000.00

Registered on:    20.06.2007

Reg. data:          63739 Aschaffenburg, HRB 10053

 

 

COMPANY HISTORY

 

03.03.2009 - 06.05.2011  VMM GmbH (AG Aschaffenburg, HRB 10650)

Am Schlaggraben 24

D 63853 Mömlingen

Private limited company

 

 

RESIGNED ACTING PERSONS AND SHAREHOLDERS

06.03.2009 - 19.10.2011  Manager

Harry Stender

D 40625 Düsseldorf

 

 

BUSINESS ACTIVITIES

 

Main industrial sector

46722   Wholesale of non-ferrous ores, metals and metal semi-finished goods

4677    Wholesale of waste and scrap

46902   Non-specialized wholesale of raw materials and half-finished and finished goods

 

 

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                        Dusenbacher Str. 64

                                    D 64739 Höchst

 

Real Estate of:               Uwe Hillerich

Type of ownership:         Tenant

Address                        Hauptstr. 94

                                    D 63853 Mömlingen

 

Land register documents were not available.

 

 

BANKERS

 

RAIFFEISENBANK GROßOSTHEIM-OBERNBURG, MÖMLINGEN

Sort. code: 79666548, BIC: GENODEF1OBE

 

 

FINANCIAL FIGURES

 

Turnover:            2011               EUR          2,200,000.00

Equipment:                              EUR             80,000.00

Ac/ts receivable:                       EUR          1,402,434.00

Liabillities:                           EUR          2,015,187.00

Employees:                                                      9

- thereof permanent staff:                                      5

- Part-time employees:                                          2

- Temporary workers:                                            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 [%]:                 56.47

Liquidity ratio:                   1.62

Return on total capital [%]:      14.62

 

Balance sheet ratios 01.03.2009 - 31.12.2009

Equity ratio [%]:                 20.44

Liquidity ratio:                   0.52

Return on total capital [%]:      -3.09

 

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.

 

Type of balance

sheet:               Company balance sheet

 

Financial year:      01.01.2010 - 31.12.2010

 

ASSETS                                  EUR          2,972,232.13

 Fixed assets                           EUR            126,726.00

  Intangible assets                     EUR              3,475.00

   Other / unspecified intangible assetsEUR              3,475.00

  Tangible assets                       EUR            123,251.00

   Other / unspecified tangible assets  EUR            123,251.00

 Current assets                         EUR          2,845,506.13

  Stocks                                EUR          1,279,893.80

  Accounts receivable                   EUR          1,402,433.70

   Other debtors and assets             EUR          1,402,433.70

  Liquid means                          EUR            163,178.63

 

LIABILITIES                             EUR          2,972,232.13

 Shareholders' equity                   EUR            695,124.18

  Capital                               EUR            300,000.00

   Subscribed capital (share capital)   EUR            300,000.00

  Balance sheet profit/loss (+/-)       EUR            395,124.18

   Profit / loss brought forward        EUR            -39,098.90

   Annual surplus / annual deficit      EUR            434,223.08

 Provisions                             EUR            261,920.85

 Liabilities                            EUR          2,015,187.10

  Other liabilities                     EUR          2,015,187.10

   Unspecified other liabilities        EUR          2,015,187.10

 

Type of balance

sheet:               Company balance sheet

 

Financial year:      01.03.2009 - 31.12.2009

 

ASSETS                                  EUR          1,267,335.99

 Fixed assets                           EUR            129,858.00

  Intangible assets                     EUR              4,573.00

  Other / unspecified intangible assets EUR              4,573.00

  Tangible assets                       EUR            125,285.00

   Other / unspecified tangible assets  EUR            125,285.00

 Current assets                         EUR          1,137,477.99

  Stocks                                EUR            568,900.22

  Accounts receivable                   EUR            461,308.03

   Other debtors and assets             EUR            461,308.03

  Liquid means                          EUR            107,269.74

 

LIABILITIES                             EUR          1,267,335.99

 Shareholders' equity                   EUR            260,901.10

  Capital                               EUR            300,000.00

   Subscribed capital (share capital)   EUR            300,000.00

  Balance sheet profit/loss (+/-)       EUR            -39,098.90

   Annual surplus / annual deficit      EUR            -39,098.90

 Provisions                             EUR              6,774.65

 Liabilities                            EUR            999,660.24

  Other liabilities                     EUR            999,660.24

   Unspecified other liabilities        EUR            999,660.24

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 :

SDA

 

 

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.