MIRA INFORM REPORT

 

 

Report Date :

23.06.2012

 

IDENTIFICATION DETAILS

 

Name :

CEF ELEKTROFACHGROßHANDLUNG SÜDWEST GMBH

 

 

Registered Office :

Killisfeldstr. 50, D 76227 Karlsruhe

 

 

Country :

Germany

 

 

Financials (as on) :

31.03.2007

 

 

Date of Incorporation :

02.06.1997

 

 

Com. Reg. No.:

HRB 107815

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Wholesale of furniture, carpets and rugs and lighting

 

 

No. of Employees :

200

 

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

 

Maximum Credit Limit :

250,000 EUR

 

 

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

 

 

Your inquiry:

Cef Elektrofachgroßhandlung Gmbh, Eilendorfer Str. 215, D 52078 Aachen. The subject of your inquiry is a branch. We are reporting on the headquarters.

 

 

Company name & address 

 

CEF Elektrofachgroßhandlung Südwest GmbH

 

Killisfeldstr. 50

D 76227 Karlsruhe

Telephone:        0721/4098-0

Telefax:             0721/4098-201

Homepage:        www.cef-co.de

E-mail:              CEFHolding@t-online.de

 

 

VAT no        

 

DE143581185

 

 

CONCLUSION

 

Business relations are permissible.

 

 

Registration data

 

LEGAL FORM               Private limited company

Date of foundation:         1997

Shareholders'

agreement:                    11.03.1997

Registered on:               02.06.1997

Commercial Register:     Local court 68159 Mannheim

under:                           HRB 107815

Share capital:                          EUR             52,000.00

 

 

Shareholder

 

CEF City Electrical Factors Gesellschaft mit

beschränkter Haftung

Killisfeldstr. 50

D 76227 Karlsruhe

Legal form: Private limited company

Share capital:     EUR          4,712,000.00

Share:             EUR             52,000.00

Registered on: 16.03.1976

Reg. data: 68159 Mannheim, HRB 101627

Control and profit transfer agreement

 

 

Manager

 

Ashley Mackie

CH  Pully

born: 27.02.1969

Nationality: Swiss

 

Manager:

Michael Gansmann

D 72124 Pliezhausen

born: 21.10.1968

 

Manager:

Jürgen Anton Lennartz

D 52134 Herzogenrath

born: 10.07.1967

 

 

Proxy

 

Damien Fenoglio

F  Bron

authorized to jointly represent the company

born: 01.07.1968

Nationality: French

 

Further functions/participations of Ashley Mackie (Manager)

 

 Manager:

                      CEF City Electrical Factors Gesellschaft mit

                      beschränkter Haftung

                      Killisfeldstr. 50

                      D 76227 Karlsruhe

                      Legal form: Private limited company

                      Share capital:     EUR          4,712,000.00

                      Registered

                      on:         16.03.1976

                      Reg. data:  68159 Mannheim, HRB 101627

 Manager:

                      CEF Elektrofachgroßhandlung GmbH

                      Killisfeldstr. 50

                      D 76227 Karlsruhe

                      Legal form: Private limited company

                      Share capital:     EUR             26,000.00

                      Registered

                      on:         02.06.1997

                      Reg. data:  68159 Mannheim, HRB 107816

 Manager:

                      CEF Elektrofachgroßhandlung Nord GmbH

                      Killisfeldstr. 50

                      D 76227 Karlsruhe

                      Legal form: Private limited company

                      Share capital:     EUR             52,000.00

                      Registered

                      on:         02.06.1997

                      Reg. data:  68159 Mannheim, HRB 107817

 Manager:

                      GC GmbH

                      Rudolf-Diesel-Str. 9

                      D 85521 Riemerling

                      Legal form: Private limited company

                      Share capital:     EUR             52,000.00

                      Registered

                      on:         03.02.1998

                      Reg. data:  80797 München, HRB 119377

 Manager:

                      CEF Grundstücksverwaltung GmbH

                      Killisfeldstr. 50

                      D 76227 Karlsruhe

                      Legal form: Private limited company

                      Share capital:     EUR             26,000.00

                      Registered

                      on:         05.11.1997

                      Reg. data:  68159 Mannheim, HRB 107974

 

Further functions/participations of Michael Gansmann (Manager)

 

Manager:

                      CEF Elektrofachgroßhandlung GmbH

                      Killisfeldstr. 50

                      D 76227 Karlsruhe

                      Legal form: Private limited company

                      Share capital:     EUR             26,000.00

                      Registered

                      on:         02.06.1997

                      Reg. data:  68159 Mannheim, HRB 107816

 Manager:

                      CEF Elektrofachgroßhandlung Nord GmbH

                      Killisfeldstr. 50

                      D 76227 Karlsruhe

                      Legal form: Private limited company

                      Share capital:     EUR             52,000.00

                      Registered

                      on:         02.06.1997

                      Reg. data:  68159 Mannheim, HRB 107817

 Manager:

                      GC GmbH

                      Rudolf-Diesel-Str. 9

                      D 85521 Riemerling

                      Legal form: Private limited company

                      Share capital:     EUR             52,000.00

                      Registered

                      on:         03.02.1998

                      Reg. data:  80797 München, HRB 119377

 Manager:

                      CEF City Electrical Factors Gesellschaft mit

                      beschränkter Haftung

                      Killisfeldstr. 50

                      D 76227 Karlsruhe

                      Legal form: Private limited company

                      Share capital:     EUR          4,712,000.00

                      Registered

                      on:         16.03.1976

                      Reg. data:  68159 Mannheim, HRB 101627

 Manager:

                      CEF Grundstücksverwaltung GmbH

                      Killisfeldstr. 50

                      D 76227 Karlsruhe

                      Legal form: Private limited company

                      Share capital:     EUR             26,000.00

                      Registered

                      on:         05.11.1997

                      Reg. data:  68159 Mannheim, HRB 107974

 

Further functions/participations of Jürgen Anton Lennartz (Manager)

 

 Manager:

                      CEF Elektrofachgroßhandlung GmbH

                      Killisfeldstr. 50

                      D 76227 Karlsruhe

                      Legal form: Private limited company

                      Share capital:     EUR             26,000.00

                      Registered

                      on:         02.06.1997

                      Reg. data:  68159 Mannheim, HRB 107816

 Manager:

                      GC GmbH

                      Rudolf-Diesel-Str. 9

                      D 85521 Riemerling

                      Legal form: Private limited company

                      Share capital:     EUR             52,000.00

                      Registered

                      on:         03.02.1998

                      Reg. data:  80797 München, HRB 119377

 Manager:

                      CEF City Electrical Factors Gesellschaft mit

                      beschränkter Haftung

                      Killisfeldstr. 50

                      D 76227 Karlsruhe

                      Legal form: Private limited company

                      Share capital:     EUR          4,712,000.00

                      Registered

                      on:         16.03.1976

                      Reg. data:  68159 Mannheim, HRB 101627

 Manager:

                      CEF Elektrofachgroßhandlung Nord GmbH

                      Killisfeldstr. 50

                      D 76227 Karlsruhe

                      Legal form: Private limited company

                      Share capital:     EUR             52,000.00

                      Registered

                      on:         02.06.1997

                      Reg. data:  68159 Mannheim, HRB 107817

 Manager:

                      CEF Grundstücksverwaltung GmbH

                      Killisfeldstr. 50

                      D 76227 Karlsruhe

                      Legal form: Private limited company

                      Share capital:     EUR             26,000.00

                      Registered

                      on:         05.11.1997

                      Reg. data:  68159 Mannheim, HRB 107974

 

 

RESIGNED ACTING PERSONS AND SHAREHOLDERS

 

 30.11.2005 - 30.01.2012  Manager

                          Christopher Martin Ashworth

                          D 76593 Gernsbach

 20.01.2006 - 31.05.2010  Manager

                          Peter Erwin Buschhausen

                          D 42853 Remscheid

 

 

BUSINESS ACTIVITIES

 

Secondary industrial sector

 

46470   Wholesale of furniture, carpets and rugs and lighting

46520   Wholesale of electronic and telecommunications equipment and parts

46741   Wholesale of tools and hardware

 

 

BRANCHES AND FACTORIES

 

 Works:

                      CEF Elektrofachgroßhandlung Südwest GmbH

                      Alte Gärtnerei 1

                      D 55128 Mainz

 Branch:

                      CEF Elektrofachgroßhandlung Südwest GmbH

                      Hans-Böckler-Str. 120

                      D 55128 Mainz

                      TEL.: 06131/934710

 Branch:

                      CEF Elektrofachgroßhandlung Südwest GmbH

                      Hartmanns Au 12

                      D 66119 Saarbrücken

 Branch:

                      CEF Elektrofachgroßhandlung Südwest GmbH

                      Lagerhausstr. 29

                      D 67061 Ludwigshafen

 Branch:

                      CEF Elektrofachgroßhandlung Südwest GmbH

                      Hebelstr. 8

                      D 69115 Heidelberg

 Branch:

                      CEF Elektrofachgroßhandlung Südwest GmbH

                      Am Ullrichsberg 7-9

                      D 68309 Mannheim

 Branch:

                      CEF Elektrofachgroßhandlung Südwest GmbH

                      Röntgenstr. 26

                      D 64291 Darmstadt

 Branch:

                      CEF Elektrofachgroßhandlung Südwest GmbH

                      Güterhallenstr. 6

                      D 67549 Worms

 Branch:

                      CEF Elektrofachgroßhandlung Südwest GmbH

                      Magnolienweg 24

                      D 63741 Aschaffenburg

 Branch:

                      CEF Elektrofachgroßhandlung Südwest GmbH

                      Eltzstr. 59

                      D 54293 Trier

                      TEL.: 0651/96819-0

 Branch:

                      CEF Elektrofachgroßhandlung Südwest GmbH

                      Rudolf-Diesel-Str. 21

                      D 97318 Kitzingen

 Branch:

                      CEF Elektrofachgroßhandlung Südwest GmbH

                      Voltastr. 6

                      D 70376 Stuttgart

 Branch:

                      CEF Elektrofachgroßhandlung Südwest GmbH

                      Pilgramstr. 1

                      D 74081 Heilbronn

 Branch:

                      CEF Elektrofachgroßhandlung Südwest GmbH

                      Im Steingerüst 35

                      D 76437 Rastatt

                      TEL.: 07222/52085

                      FAX.: 07222/52854

 Branch:

                      CEF Elektrofachgroßhandlung Südwest GmbH

                      Bühlerfeldstr. 20

                      D 77652 Offenburg

                      TEL.: 0781/22257

 Branch:

                      CEF Elektrofachgroßhandlung Südwest GmbH

                      Schelmenwasenstr. 28

                      D 70567 Stuttgart

 Branch:

                      CEF Elektrofachgroßhandlung Südwest GmbH

                      Bötzinger Str. 21a

                      D 79111 Freiburg

                      TEL.: 0761/16006

                      FAX.: 0761/16000

 Branch:

                      CEF Elektrofachgroßhandlung Südwest GmbH

                      Im Lehrer Feld 52

                      D 89081 Ulm

                      TEL.: 0731/922980

                      FAX.: 0731/9229830

 Branch:

                      CEF Elektrofachgroßhandlung Südwest GmbH

                      Rudolf-Diesel-Str. 26

                      D 78224 Singen

                      TEL.: 07731/905730

 Branch:

                      CEF Elektrofachgroßhandlung Südwest GmbH

                      Industriestr. 70

                      D 73431 Aalen

                      TEL.: 07361/3783-0

 Branch:

                      CEF Elektrofachgroßhandlung Südwest GmbH

                      Lohenstr. 13

                      D 82166 Gräfelfing

                      TEL.: 089/858365-65

                      FAX.: 089/858365-39

 Branch:

                      CEF Elektrofachgroßhandlung Südwest GmbH

                      An der Glashütte 7

                      D 52074 Aachen

 Branch:

                      CEF Elektrofachgroßhandlung Südwest GmbH

                      Daimlerstr. 11

                      D 73054 Eislingen

                      TEL.: 07161/814547

                      FAX.: 07161/815629

 Branch:

                      CEF Elektrofachgroßhandlung Südwest GmbH

                      Hanns-Klemm-Str. 30

                      D 71034 Böblingen

 Branch:

                      CEF Elektrofachgroßhandlung Südwest GmbH

                      Birnenweg 15

                      D 72766 Reutlingen

 Branch:

                      CEF Elektrofachgroßhandlung Südwest GmbH

                      Neuer Weg 2

                      D 75223 Niefern-Öschelbronn

 Branch:

                      CEF Elektrofachgroßhandlung Südwest GmbH

                      Von-Stauffenberg-Str. 21

                      D 82008 Unterhaching

 Branch:

                      CEF Elektrofachgroßhandlung Südwest GmbH

                      Karl-Benz-Str. 6a

                      D 85221 Dachau

 Branch:

                      CEF Elektrofachgroßhandlung Südwest GmbH

                      Dirnismaning

                      D 85748 Garching

 Branch:

                      CEF Elektrofachgroßhandlung Südwest GmbH

                      Landsberger Str. 183

                      D 80687 München

 Branch:

                      CEF Elektrofachgroßhandlung Südwest GmbH

                      Rudolf-Diesel-Str. 9

                      D 85521 Riemerling

 Branch:

                      CEF Elektrofachgroßhandlung Südwest GmbH

                      Daglfinger Str. 67/69

                      D 81929 München

 Branch:

                      CEF Elektrofachgroßhandlung Südwest GmbH

                      Max-Planck-Str. 2

                      D 86899 Landsberg

 Branch:

                      CEF Elektrofachgroßhandlung Südwest GmbH

                      Äußere Oberaustr. 36/3

                      D 83026 Rosenheim

 Branch:

                      CEF Elektrofachgroßhandlung Südwest GmbH

                      Trifthofstr. 58

                      D 82362 Weilheim

 Branch:

                      CEF Elektrofachgroßhandlung Südwest GmbH

                      Hans-Urmiller-Ring 44

                      D 82515 Wolfratshausen

 Branch:

                      CEF Elektrofachgroßhandlung Südwest GmbH

                      Victor-Slotosch-Str. 23

                      D 60388 Frankfurt

 Branch:

                      CEF Elektrofachgroßhandlung Südwest GmbH

                      Ottostr. 2

                      D 76227 Karlsruhe

                      TEL.: 0721/490260

                      FAX.: 0721/41702

 

 

FINANCIAL INFORMATION

 

Payment experience:     within agreed terms

 

Negative information:      We have no negative information at hand.

 

Maximum credit:            250,000 EUR

 

Balance sheet year:       2006/2007

 

 

REAL ESTATE

 

 Type of ownership:        Tenant

 Address                       Killisfeldstr. 50

                                    D 76227 Karlsruhe

 

Land register documents were not available.

 

 

BANKERS

 

Principal bank

COMMERZBANK VORMALS DRESDNER BANK, KARLSRUHE, BADEN

Sort. code: 66080052, BIC: DRESDEFF660

 

Further banks

BADEN-WÜRTTEMBERGISCHE BANK, KARLSRUHE, BADEN

Sort. code: 66020020, BIC: SOLADEST663

 

POSTBANK, KARLSRUHE, BADEN

Sort. code: 66010075, BIC: PBNKDEFF660

 

 

FINANCIAL FIGURES

 

 Turnover:            2009/2010          EUR         29,000,000.00

                      2010/2011          EUR         30,000,000.00

                      2011/2012          EUR         31,000,000.00

 Expected turnover:                      EUR         31,000,000.00

 further business figures:

 Equipment:                              EUR          1,266,500.00

 Ac/ts receivable:                       EUR          2,266,500.00

 Liabillities:                           EUR          4,200,000.00

 Employees:                                                    200

 

Control and profit transfer agreement to:

CEF City Electrical Factors Gesellschaft mit

beschränkter Haftung

Killisfeldstr. 50

D 76227 Karlsruhe

 

 

BALANCE SHEETS

 

 Balance sheet ratios 01.04.2006 - 31.03.2007

 Equity ratio [%]:                 60.58

 Liquidity ratio:                   1.68

 Return on total capital [%]:      18.79

 

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:      01.04.2006 - 31.03.2007

 

 ASSETS                                  EUR          7,346,063.66

  Fixed assets                           EUR            253,371.95

   Intangible assets                     EUR             43,473.50

    Goodwill                             EUR             24,096.50

    Other / unspecified intangible assetsEUR             19,377.00

   Tangible assets                       EUR            209,898.45

    Land / similar rights                EUR             63,895.50

    Other tangible assets / fixtures and

    fittings                             EUR            146,002.95

  Current assets                         EUR          7,092,691.71

   Stocks                                EUR          2,670,322.74

   Accounts receivable                   EUR          4,259,314.48

    Other debtors and assets             EUR          4,259,314.48

   Liquid means                          EUR            163,054.49

 

 LIABILITIES                             EUR          7,346,063.66

  Shareholders' equity                   EUR          4,461,084.71

   Capital                               EUR             52,000.00

    Subscribed capital (share capital)   EUR             52,000.00

   Reserves                              EUR          4,409,084.71

    Capital reserves                     EUR          4,409,084.71

  Provisions                             EUR            180,087.00

  Liabilities                            EUR          2,704,891.95

   Other liabilities                     EUR          2,704,891.95

    Unspecified other liabilities        EUR          2,704,891.95

 

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

 Code (HGB)

  Gross result (+/-)                     EUR          8,858,578.36

  Staff expenses                         EUR          5,695,721.76

   Wages and salaries                    EUR          4,965,732.32

   Social security contributions and

   expenses for pension plans and

   benefits                              EUR            729,989.44

  Total depreciation                     EUR             66,898.85

   Depreciation on tangible / intangible

   asssets (incl. start-up and exp. of

   bus.                                  EUR             66,898.85

  Other operating expenses               EUR          1,713,543.70

  Operating result from continuing

  operations                             EUR          1,382,414.05

  Interest result (+/-)                  EUR              8,909.54

   Interest and similar income           EUR              8,910.52

   Interest and similar expenses         EUR                  0.98

  Financial result (+/-)                 EUR              8,909.54

  Result from ordinary operations (+/-)  EUR          1,391,323.59

  Expenses for transfer of profits to a

  parent company                         EUR          1,375,997.92

  Other taxes / refund of taxes          EUR            -15,325.67

  Tax (+/-)                              EUR            -15,325.67

  Annual surplus / annual deficit        EUR                  0.00

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.56.99

UK Pound

1

Rs.88.97

Euro

1

Rs.71.57

 

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.