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Report Date : |
11.06.2012 |
IDENTIFICATION DETAILS
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Name : |
CASHMIR CONCEPT GMBH |
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Formerly Known As : |
Cashmir-Teppich-Import-Export
GmbH |
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Registered Office : |
Hanns-Martin-Schleyer-Str.
41, D 47877 Willich |
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Country : |
Germany |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
10.10.1995 |
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Com. Reg. No.: |
HRB 5947 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Wholesaler of textiles |
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No. of Employees : |
07 |
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 |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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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 |
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Restricted |
C2 |
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Off-credit |
D |
Cashmir Concept GmbH
Hanns-Martin-Schleyer-Str.
41
D 47877 Willich
Telephone: 02154/95334-0
Telefax: 02154/95334-29
Homepage: www.cashmirconcept.com
E-mail: cashmir-gmbh@t-online.de
DE180716412
LEGAL FORM Private
limited company
Date of foundation: 10.10.1995
Shareholders'
agreement: 10.10.1995
Registered on: 29.07.1996
Commercial Register: Local court 47798 Krefeld
under:
HRB 5947
Share capital: EUR 52,000.00
Javed Ahmed Hakim
D 47803 Krefeld
Share: EUR 26,000.00
Shareholder:
Abrar Hussain
Hakim
Harco Lane,
Rajbagh Extension
IND - Srinagar
born: 06.03.1964
Share: EUR 26,000.00
Javed Ahmed Hakim
D 47803 Krefeld
having sole power
of representation
Profession:
Businessman
Nationality:
Indian
Manager:
Jabeen Nusrat
IND Haryana/Faridabad
having sole power
of representation
born: 01.05.1969
Nationality:
Indian
29.07.1996 - 24.04.2003 Cashmir-Teppich-Import-Export GmbH
Südwall 18
D 47798 Krefeld
Private limited
company
24.04.2003 - 06.07.2007 Cashmir Concept GmbH
Südwall 18
D 47798 Krefeld
Private limited
company
06.07.2007 - 06.07.2007 Cashmir Concept GmbH
Hanns-Martin-Schleyer-Str.
41
D 47877 Willich
Private limited
company
Sectors
46410
Wholesale of textiles
46421
Wholesale of clothing
46470
Wholesale of furniture, carpets and rugs and lighting
47530
Retail sale of carpets, rugs, wall and floor coverings
Payment experience: within agreed terms
Negative information: We have no negative information at hand.
Balance sheet year: 2010
Type of ownership: Tenant
Address Hanns-Martin-Schleyer-Str.
41
D 47877 Willich
Land register documents were not available.
SPARKASSE KREFELD, KREFELD
Sort. code: 32050000, BIC: SPKRDE33XXX
Profit: 2010 EUR 24,925.00
Ac/ts receivable: EUR 349,779.00
Liabilities: EUR 2,066,062.00
Total numbers of vehicles: 1
Employees:
7
The aforementioned business figures may partly be estimated information based on average values in the line of business.
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 15.73
Liquidity ratio: 0.17
Return on total capital [%]: 1.07
Balance sheet ratios 01.01.2009 - 31.12.2009
Equity ratio [%]: 16.82
Liquidity ratio: 0.23
Return on total capital [%]: 0.59
Balance sheet ratios 01.01.2008 - 31.12.2008
Equity ratio [%]: 16.35
Liquidity ratio: 0.22
Return on total capital [%]: -2.18
Balance sheet ratios 01.01.2007 - 31.12.2007
Equity ratio [%]:
24.28
Liquidity ratio: 0.34
Return on total capital [%]: 2.38
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 2,347,582.07
Fixed
assets EUR 25,147.00
Intangible
assets EUR 5.00
Other /
unspecified intangible assetsEUR 5.00
Tangible
assets EUR 25,142.00
Other /
unspecified tangible assets EUR 25,142.00
Current
assets EUR 2,278,089.33
Stocks EUR 1,926,577.32
Accounts
receivable EUR 349,779.22
Other
debtors and assets EUR 349,779.22
Liquid
means EUR 1,732.79
Remaining
other assets EUR 44,345.74
Accruals
(assets) EUR 44,345.74
LIABILITIES EUR 2,347,582.07
Shareholders'
equity EUR 278,019.86
Capital EUR 52,000.00
Subscribed
capital (share capital) EUR 52,000.00
Balance
sheet profit/loss (+/-) EUR 226,019.86
Profit /
loss brought forward EUR 201,094.88
Annual
surplus / annual deficit EUR 24,924.98
Provisions EUR 3,500.00
Liabilities EUR 2,066,062.21
Other
liabilities EUR 2,066,062.21
Unspecified
other liabilities EUR 2,066,062.21
Type of balance
sheet:
Company balance sheet
Financial year:
01.01.2009 - 31.12.2009
ASSETS EUR 1,906,199.22
Fixed
assets EUR 31,519.00
Intangible
assets EUR 419.00
Other /
unspecified intangible assetsEUR
419.00
Tangible
assets EUR 31,100.00
Other /
unspecified tangible assets EUR 31,100.00
Current
assets EUR 1,838,753.20
Stocks EUR 1,416,627.54
Accounts
receivable EUR 354,844.98
Other
debtors and assets EUR 354,844.98
Liquid
means EUR 67,280.68
Remaining
other assets EUR 35,927.02
Accruals
(assets) EUR 35,927.02
LIABILITIES EUR 1,906,199.22
Shareholders'
equity EUR 253,094.88
Capital EUR 52,000.00
Subscribed
capital (share capital) EUR 52,000.00
Balance
sheet profit/loss (+/-) EUR 201,094.88
Profit /
loss brought forward EUR 189,894.02
Annual
surplus / annual deficit EUR 11,200.86
Provisions EUR 3,500.00
Liabilities EUR 1,649,604.34
Other
liabilities EUR 1,649,604.34
Unspecified
other liabilities EUR 1,649,604.34
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.55.36 |
|
UK Pound |
1 |
Rs.85.64 |
|
Euro |
1 |
Rs.69.21 |
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 |
|
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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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.