MIRA INFORM REPORT

 

 

Report Date :

26.06.2012

 

IDENTIFICATION DETAILS

 

Name :

VOLKER HEINRICH ORIENT-TEPPICH-IMPORT GMBH

 

 

Registered Office :

Borsteler Chaussee 85-99a Haus  21 D 22453 Hamburg

 

 

Country :

Germany

 

 

Financials (as on) :

31.12.2010

 

 

Date of Incorporation :

05.10.2006

 

 

Com. Reg. No.:

HRB 99349

 

 

Legal Form :

Private limited company

 

 

Line of Business :

Wholesale of textiles

 

 

No. of Employees :

13

 

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

 

Volker Heinrich Orient-Teppich-Import GmbH

 

Company Status:      active

Borsteler Chaussee 85-99a Haus

21

D 22453 Hamburg

Telephone:040/5117036

Telefax:  040/518838

Homepage: www.volker-heinrich.com

E-mail:   info@volker-heinrich.com

 

 

VAT no.        

 

DE251307770

 

Tax ID number

 

26/855/12044

 

 

Registration data

 

LEGAL FORM               Private limited company

Date of foundation:          05.10.2006

Shareholders'

agreement:                    05.10.2006

Registered on:               28.11.2006

Commercial Register:     Local court 20355 Hamburg

under:                                       HRB 99349

 

 

Share capital                    

 

EUR            100,000.00

 

 


Shareholder

 

Volker Hartmut Heinrich

Georg-Kolbe-Weg 17

D 25451 Quickborn

born: 05.08.1940

Share:             EUR             25,000.00

 

Shareholder:

Britta Heck

Köhlertwiete 8

D 24629 Kisdorf

born: 12.05.1970

née: Heinrich

Share:             EUR             25,000.00

 

Shareholder:

Thorsten Heinrich

Habichtstr. 32

D 24558 Henstedt-Ulzburg

born: 31.05.1966

Share:             EUR             25,000.00

 

Shareholder:

Detlef Koberling

Hinter den Eichen 6

D 21272 Egestorf

born: 04.12.1946

Share:             EUR             12,500.00

 

Shareholder:

Hans-Hermann Schenk

Borsteler Chaussee 76

D 22453 Hamburg

born: 15.01.1954

Share:             EUR             12,500.00

 

Manager:

Detlef Koberling

Hinter den Eichen 6

D 21272 Egestorf

having sole power of representation

born: 04.12.1946

 

Manager:

Hans-Hermann Schenk

Borsteler Chaussee 76

D 22453 Hamburg

having sole power of representation

born: 15.01.1954

RESIGNED ACTING PERSONS AND SHAREHOLDERS

 

07.12.2006 - 06.07.2011  Manager

                         Britta Heck

                         D 24629 Kisdorf

 

 

BUSINESS ACTIVITIES

 

Sectors

46410   Wholesale of textiles

46470   Wholesale of furniture, carpets and rugs and lighting

 

 

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              Borsteler Chaussee 85-99a Haus

                     D 22453 Hamburg

 

Land register documents were not available.

 

 

BANKERS

 

WARBURG, M.M.- BANK, HAMBURG

Sort. code: 20120100, BIC: WBWCDEHHXXX

 

 


FINANCIAL FIGURES

 

Turnover:            2010               EUR          6,000,000.00

Expected turnover:                      EUR          6,300,000.00

Profit:              2010               EUR             66,123.00

Ac/ts receivable:                       EUR          1,051,247.00

Liabilities:                            EUR          3,952,740.00

Total numbers of vehicles:                                      4

- Passenger cars:                                               4

Employees:                                                     13

- thereof permanent staff:                                     12

- Part-time employees:                                          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 [%]:                  6.40

Liquidity ratio:                   0.27

Return on total capital [%]:       1.55

 

Balance sheet ratios 01.01.2009 - 31.12.2009

Equity ratio [%]:                  5.07

Liquidity ratio:                   0.24

Return on total capital [%]:       0.99

 

Balance sheet ratios 01.01.2008 - 31.12.2008

Equity ratio [%]:                  3.86

Liquidity ratio:                   0.29

Return on total capital [%]:       0.33

 

Balance sheet ratios 01.01.2007 - 31.12.2007

Equity ratio [%]:                  4.08

Liquidity ratio:                   0.35

Return on total capital [%]:       1.48

 

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          4,266,765.00

 Fixed assets                           EUR             38,717.00

  Intangible assets                     EUR                  1.00

   Other / unspecified intangible assetsEUR                  1.00

  Tangible assets                       EUR             38,716.00

   Other / unspecified tangible assets  EUR             38,716.00

 Current assets                         EUR          4,228,048.00

  Stocks                                EUR          3,172,969.00

  Accounts receivable                   EUR          1,051,247.00

   Other debtors and assets             EUR          1,051,247.00

  Liquid means                          EUR              3,832.00

 

LIABILITIES                             EUR          4,266,765.00

 Shareholders' equity                   EUR            272,929.00

  Capital                               EUR            100,000.00

   Subscribed capital (share capital)   EUR            100,000.00

  Balance sheet profit/loss (+/-)       EUR            172,929.00

   Profit / loss brought forward        EUR            106,806.00

   Annual surplus / annual deficit      EUR             66,123.00

 Provisions                             EUR             41,096.00

 Liabilities                            EUR          3,952,740.00

  Other liabilities                     EUR          3,952,740.00

   Unspecified other liabilities        EUR          3,952,740.00

 

Type of balance

sheet:               Company balance sheet

 

Financial year:      01.01.2009 - 31.12.2009

 

ASSETS                                  EUR          4,075,665.00

 Fixed assets                           EUR             23,712.00

  Intangible assets                     EUR                  1.00

  Tangible assets                       EUR             23,711.00

 Current assets                         EUR          4,051,953.00

  Stocks                                EUR          3,135,401.00

  Accounts receivable                   EUR            913,279.00

  Liquid means                          EUR              3,273.00

 

LIABILITIES                             EUR          4,075,665.00

 Shareholders' equity                   EUR            206,805.00

  Capital                               EUR            100,000.00

   Subscribed capital (share capital)   EUR            100,000.00

  Balance sheet profit/loss (+/-)       EUR            106,805.00

   Profit / loss brought forward        EUR             66,368.00

   Annual surplus / annual deficit      EUR             40,437.00

 Provisions                             EUR             20,221.00

 Liabilities                            EUR          3,848,639.00

 

 


 

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.