MIRA INFORM REPORT

 

 

Report Date :

27.06.2012

 

IDENTIFICATION DETAILS

 

Name :

BAHRAM TAHBAZ GMBH & CO. KG

 

 

Registered Office :

Lademannbogen 137  D 22339 Hamburg

 

 

Country :

Germany

 

 

Financials (as on) :

31.12.2010

 

 

Date of Incorporation :

01.01.2009

 

 

Com. Reg. No.:

HRA 109699

 

 

Legal Form :

Ltd partnership with priv. ltd. company as general partner

 

 

Line of Business :

Wholesale of furniture, carpets and rugs and lighting

 

 

No. of Employees :

5

 

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

 

 Bahram Tahbaz GmbH & Co. KG

 

Company Status:      active

Lademannbogen 137

D 22339 Hamburg

Telephone:040/5119088

Telefax:  040/5118433

Homepage: www.tahbaz.de

E-mail:   info@tahbaz.de

 

 

VAT no.        

 

DE264725897

 

Tax ID number      

 

26/115/35441

 

 

Registration data

 

LEGAL FORM               Ltd partnership with priv. ltd. company as

                                    general partner

Date of foundation:          01.01.2009

Registered on:               11.02.2009

Register of

companies:                    Local court 20355 Hamburg

under:                                       HRA 109699

 

 

Total cap. contribution           

 

EUR                500.00

 

 

Limited partner

 

Bahram Tahbaz

Barkenkamp 7

D 22391 Hamburg

born: 17.12.1941

Share:             EUR                500.00

 

General partner:

Tahbaz Verwaltungs GmbH

Borsteler Chaussee 85-99a

D 22453 Hamburg

Legal form: Private limited company

Share capital:     EUR             25,000.00

Registered on: 05.02.2009

Reg. data: 20355 Hamburg, HRB 108353

 

Shareholder:

Bahram Tahbaz

Barkenkamp 7

D 22391 Hamburg

born: 17.12.1941

Share:             EUR             25,000.00

 

Manager:

Bahram Tahbaz

Barkenkamp 7

D 22391 Hamburg

having sole power of representation

born: 17.12.1941

 

 

COMPANY HISTORY

 

11.02.2009 - 2010        Bahram Tahbaz GmbH & Co. KG

                         Borsteler Chaussee 85-99a

                         D 22453 Hamburg

                         Ltd partnership with priv. ltd. company

                         as general partner

 

 

BUSINESS ACTIVITIES

 

Sectors

46470   Wholesale of furniture, carpets and rugs and lighting

47530   Retail sale of carpets, rugs, wall and floor coverings

 

 

 

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              Lademannbogen 137

                     D 22339 Hamburg

 

Real Estate of:      Tahbaz Verwaltungs GmbH

Type of ownership:   Tenant

Address              Borsteler Chaussee 85-99a

                     D 22453 Hamburg

 

Land register documents were not available.

 

 

BANKERS

 

HAMBURGER SPARKASSE, HAMBURG

Sort. code: 20050550, BIC: HASPDEHHXXX

 

 

FINANCIAL FIGURES

 

Turnover:            2010               EUR            712,500.00

                     2011               EUR            712,500.00

further business figures:

Equipment:                              EUR             40,000.00

Ac/ts receivable:                       EUR          1,211,019.00

Liabilities:                            EUR          2,731,333.00

Employees:                                                      5

 

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 [%]:                  4.12

Liquidity ratio:                   0.55

Return on total capital [%]:      -4.17

 

Balance sheet ratios 01.01.2009 - 31.12.2009

Equity ratio [%]:                  7.72

Liquidity ratio:                   0.57

Return on total capital [%]:       2.44

 

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          2,868,902.32

 Fixed assets                           EUR             56,861.00

  Intangible assets                     EUR                  1.00

   Other / unspecified intangible assetsEUR                  1.00

  Tangible assets                       EUR             56,860.00

   Other / unspecified tangible assets  EUR             56,860.00

 Current assets                         EUR          2,802,773.36

  Stocks                                EUR          1,059,790.69

  Accounts receivable                   EUR          1,211,018.58

   Other debtors and assets             EUR          1,211,018.58

  Liquid means                          EUR            531,964.09

 Remaining other assets                 EUR              9,267.96

  Accruals (assets)                     EUR              9,267.96

 

LIABILITIES                             EUR          2,868,902.32

 Shareholders' equity                   EUR            118,099.63

  Capital                               EUR            146,126.89

   Capital of the fully liable partner

   (LP, general partnership)            EUR                750.00

    Capital contribution of gen.

    partner/accounts of the pers. liable

    shareholder                         EUR                750.00

   Limited partner's capital / capital

   of partially liable partner (LP)     EUR            145,376.89

  Balance sheet profit/loss (+/-)       EUR            -28,027.26

   Balance sheet profit / loss          EUR            -28,027.26

 Provisions                             EUR             19,470.00

 Liabilities                            EUR          2,731,332.69

  Other liabilities                     EUR          2,731,332.69

   Unspecified other liabilities        EUR          2,731,332.69

 

Type of balance

sheet:               Company balance sheet

 

Financial year:      01.01.2009 - 31.12.2009

 

ASSETS                                  EUR          3,069,454.20

 Fixed assets                           EUR             49,323.50

  Intangible assets                     EUR                  1.00

   Other / unspecified intangible assetsEUR                  1.00

  Tangible assets                       EUR             49,322.50

   Other / unspecified tangible assets  EUR             49,322.50

 Current assets                         EUR          3,019,044.15

  Stocks                                EUR          1,249,933.00

  Accounts receivable                   EUR          1,407,478.15

   Other debtors and assets             EUR          1,407,478.15

  Liquid means                          EUR            361,633.00

 Remaining other assets                 EUR              1,086.55

  Accruals (assets)                     EUR              1,086.55

 

LIABILITIES                             EUR          3,069,454.20

 Shareholders' equity                   EUR            236,864.12

  Capital                               EUR            145,376.89

   Capital of the fully liable partner

   (LP, general partnership)            EUR                750.00

    Capital contribution of gen.

    partner/accounts of the pers. liable

    shareholder                         EUR                750.00

   Limited partner's capital / capital

   of partially liable partner (LP)     EUR            144,626.89

  Balance sheet profit/loss (+/-)       EUR             91,487.23

   Balance sheet profit / loss          EUR             91,487.23

 Provisions                             EUR             19,470.00

 Liabilities                            EUR          2,813,120.08

  Other liabilities                     EUR          2,813,120.08

   Unspecified other liabilities        EUR          2,813,120.08

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.57.07

UK Pound

1

Rs.88.96

Euro

1

Rs.71.40

 

 

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.