MIRA INFORM REPORT

 

 

Report Date :

26.06.2012

 

IDENTIFICATION DETAILS

 

Name :

HINRICHS FLURFÖRDERGERÄTE GMBH & CO. KOMMANDITGESELLSCHAFT

 

 

Registered Office :

Fuldastr. 32 D 26135 Oldenburg

 

 

Country :

Germany

 

 

Financials (as on) :

31.12.2010

 

 

Date of Incorporation :

01.09.1992

 

 

Com. Reg. No.:

HRA 3295

 

 

Legal Form :

Ltd partnership with priv. ltd. company as  general partner

 

 

Line of Business :

Wholesale of other machinery

 

 

No. of Employees :

14

 

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 :

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

 

Hinrichs Flurfördergeräte GmbH & Co. Kommanditgesellschaft

 

Company Status:      active

Fuldastr. 32

D 26135 Oldenburg

Telephone:0441/2069999

Telefax:  0441/2069998

Homepage: www.hinrichs-stapler.de

E-mail:   info@hinrichs-stapler.de

 

 

VAT no.       

 

DE116639068

 

 

Registration date

 

LEGAL FORM               Ltd partnership with priv. ltd. company as

                                    general partner

Begin of business

activities:                        01.09.1992

Registered on:               30.07.1996

Register of

companies:                   Local court 26135 Oldenburg

under:                                       HRA 3295

 

 

Total cap. contribution              

 

EUR            102,258.38

 

 

Limited partner

 

Marco Levermann

Schnepfenweg 6

D 26939 Ovelgönne

born: 03.01.1961

Share:             EUR             51,129.19

 

Limited partner:

Sandra Hinrichs

Niederhörne 33

D 26931 Elsfleth

born: 26.02.1970

Share:             EUR             51,129.19

 

General partner:

Hinrichs Flurfördergeräte GmbH

Fuldastr. 32

D 26135 Oldenburg

Legal form: Private limited company

Share capital:     EUR             26,075.89

Registered on: 12.07.1996

Reg. data: 26135 Oldenburg, HRB 3675

 

Shareholder:

Hinrichs Verwaltungs-GmbH & Co. KG

Fuldastr. 32

D 26135 Oldenburg

Legal form: Ltd partnership with priv. ltd.

company as general partner

Total cap.         EUR             50,400.00

contribution:

Share:             EUR             26,075.89

Registered on: 22.04.2002

Reg. data: 26135 Oldenburg, HRA 3856

 

Manager:

Marco Levermann

Schnepfenweg 6

D 26939 Ovelgönne

born: 03.01.1961

 

Manager:

Sandra Hinrichs

Niederhörne 33

D 26931 Elsfleth

born: 26.02.1970

 

 

COMPANY HISTORY

 

01.09.1992 - 30.07.1996  Hinrichs Flurfördergeräte GmbH & Co.

                         Kommanditgesellschaft

                         D 28816 Stuhr

                         Ltd partnership with priv. ltd. company

                         as general partner

 

 

BUSINESS ACTIVITIES

 

Main industrial sector

46692   Wholesale of other machinery

46693   Wholesale of other equipment and accessories for

machinery and technical supplies

77390   Renting and leasing of other machinery, equipment and

tangible goods n. e. c.

 

 

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              Fuldastr. 32

                     D 26135 Oldenburg

 

Real Estate of:      Hinrichs Flurfördergeräte GmbH

Type of ownership:   unknown

Address              Fuldastr. 32

                     D 26135 Oldenburg

 

Land register documents were not available.

 

 

BANKERS

 

DEUTSCHE BANK, BREMEN

Sort. code: 29070050, BIC: DEUTDEHBXXX

OLDENBURGISCHE LANDESBANK AG, OLDENBURG (OLDB)

Sort. code: 28020050, BIC: OLBODEH2XXX

KREISSPARKASSE SYKE, SYKE

Sort. code: 29151700, BIC: BRLADE21SYK

 

 

FINANCIAL FIGURES

 

Turnover:            2010               EUR          4,700,000.00

                     2011               EUR          4,897,500.00

further business figures:

Equipment:                              EUR            230,000.00

Ac/ts receivable:                       EUR            250,080.00

Liabilities:                            EUR          2,033,694.00

Total numbers of vehicles:                                      7

- Passenger cars:                                               7

Employees:                                                     14

- thereof permanent staff:                                     10

- Part-time employees:                                          3

- Trainees:                                                     1

 

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 [%]:                 10.37

Liquidity ratio:                   0.12

 

Balance sheet ratios 01.01.2009 - 31.12.2009

Equity ratio [%]:                 17.36

Liquidity ratio:                   0.10

 

Balance sheet ratios 01.01.2008 - 31.12.2008

Equity ratio [%]:                 20.00

Liquidity ratio:                   0.16

 

Balance sheet ratios 01.01.2007 - 31.12.2007

Equity ratio [%]:                 10.73

Liquidity ratio:                   0.20

 

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.

 

 

Type of balance

sheet:               Company balance sheet

 

Financial year:      01.01.2010 - 31.12.2010

 

ASSETS                                  EUR          2,287,571.27

 Fixed assets                           EUR            353,766.03

  Intangible assets                     EUR                 35.00

   Other / unspecified intangible assetsEUR                 35.00

  Tangible assets                       EUR            353,731.03

   Other / unspecified tangible assets  EUR            353,731.03

 Current assets                         EUR          1,911,532.39

  Stocks                                EUR          1,661,397.29

  Accounts receivable                   EUR            250,080.31

   Other debtors and assets             EUR            250,080.31

  Liquid means                          EUR                 54.79

 Remaining other assets                 EUR             22,272.85

  Accruals (assets)                     EUR             22,272.85

 

LIABILITIES                             EUR          2,287,571.27

 Shareholders' equity                   EUR            237,187.96

  Capital                               EUR            237,187.96

   Limited partner's capital / capital

   of partially liable partner (LP)     EUR            237,187.96

 Provisions                             EUR             14,452.40

 Liabilities                            EUR          2,033,694.91

  Other liabilities                     EUR          2,033,694.91

   Unspecified other liabilities        EUR          2,033,694.91

 Other liabilities                      EUR              2,236.00

  Deferrals (liabilities)               EUR              2,236.00

 

Type of balance

sheet:               Company balance sheet

 

Financial year:      01.01.2009 - 31.12.2009

 

ASSETS                                  EUR          2,010,876.52

 Fixed assets                           EUR            409,277.00

  Intangible assets                     EUR                165.00

  Tangible assets                       EUR            409,112.00

 Current assets                         EUR          1,589,737.52

  Stocks                                EUR          1,419,762.12

  Accounts receivable                   EUR            169,886.98

  Liquid means                          EUR                 88.42

 Remaining other assets                 EUR             11,862.00

  Accruals (assets)                     EUR             11,862.00

 

LIABILITIES                             EUR          2,010,876.52

 Shareholders' equity                   EUR            318,020.65

  Capital                               EUR            318,020.65

   Capital of the fully liable partner

   (LP, general partnership)            EUR                  0.00

    Capital contribution of gen.

    partner/accounts of the pers. liable

    shareholder                         EUR                  0.00

   Limited partner's capital / capital

   of partially liable partner (LP)     EUR            318,020.65

 Provisions                             EUR             29,299.00

 Liabilities                            EUR          1,662,250.11

 Other liabilities                      EUR              1,306.76

  Deferrals (liabilities)               EUR              1,306.76

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.56.53

UK Pound

1

Rs.88.09

Euro

1

Rs.70.83

 

 

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.