MIRA INFORM REPORT

 

 

Report Date :

01.03.2012

 

IDENTIFICATION DETAILS

 

Name :

DERU-EXIM HANDELS GMBH

 

 

Registered Office :

Im Ruhbaum 4  D 69412 Eberbach

 

 

Country :

Germany

 

 

Financials (as on) :

31.12.2009

 

 

Date of Incorporation :

15.02.2001

 

 

Com. Reg. No.:

HRB 336888

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Other business support service activities

 

 

No. of Employees :

1

 

RATING & COMMENTS

 

MIRA’s Rating :

Ca

 

RATING

STATUS

PROPOSED CREDIT LINE

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

 

Status :

Poor

Payment Behaviour :

Unknown

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 – September 30, 2011

 

Country Name

Previous Rating

(30.06.2011)

Current Rating

(30.09.2011)

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

 

DERU-EXIM Handels GmbH

 

Company Status:      active

                     Im Ruhbaum 4

                     D 69412 Eberbach

                     Telephone:06271/807871

                     Telefax:  06271/807223

 

 

Registration data

 

LEGAL FORM               Private limited company

Date of foundation:         15.02.2001

Shareholders'

agreement:                    15.02.2001

Registered on:               26.04.2001

Commercial Register:     Local court 68159 Mannheim

under:                                       HRB 336888

 

 

Share capital                       

 

 EUR             25,000.00

 

 

Shareholder

 

Peter Schieck

Im Ruhbaum 4

D 69412 Eberbach

born: 03.11.1942

Share:             EUR             25,000.00

 

Manager:

Peter Schieck

Im Ruhbaum 4

D 69412 Eberbach

having sole power of representation

born: 03.11.1942

 

 

BUSINESS ACTIVITIES

 

Sectors

8299    Other business support service activities n. e. c.

 

FINANCIAL INFORMATION

 

Negative information:We have no negative information at hand.

 

Balance sheet year:  2009

 

 

REAL ESTATE

 

Type of ownership:   Tenant

Address              Im Ruhbaum 4

                     D 69412 Eberbach

 

Land register documents were not available.

 

 

BANKERS

 

A bank connection is unknown.

 

 

FINANCIAL FIGURES

 

Ac/ts receivable:                       EUR             68,650.00

Liabillities:                           EUR            399,433.00

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 01.01.2009 - 31.12.2009

Equity ratio [%]:               -271.12

Liquidity ratio:                   0.25

Return on total capital [%]:    -120.17

 

Balance sheet ratios 01.01.2008 - 31.12.2008

Equity ratio [%]:                -74.60

Liquidity ratio:                   0.20

Return on total capital [%]:     -91.89

 

Balance sheet ratios 01.01.2007 - 31.12.2007

Equity ratio [%]:                -27.18

Liquidity ratio:                   0.77

Return on total capital [%]:     -15.87

 

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:      01.01.2009 - 31.12.2009

 

ASSETS                                  EUR            402,733.27

 Fixed assets                           EUR              2,837.00

  Tangible assets                       EUR              2,837.00

   Other / unspecified tangible assets  EUR              2,837.00

 Current assets                         EUR             71,471.60

  Accounts receivable                   EUR             68,650.94

   Other debtors and assets             EUR             68,650.94

  Liquid means                          EUR              2,820.66

 Remaining other assets                 EUR            328,424.67

  Accruals (assets)                     EUR              1,663.43

  Deficit not covered by shareholders'

  equity                                EUR            326,761.24

 

LIABILITIES                             EUR            402,733.27

 Shareholders' equity                   EUR                  0.00

  Capital                               EUR             25,000.00

   Subscribed capital (share capital)   EUR             25,000.00

  Reserves                              EUR                616.99

   Capital reserves                     EUR                616.99

  Balance sheet profit/loss (+/-)       EUR           -352,378.23

   Profit / loss brought forward        EUR           -261,085.08

   Annual surplus / annual deficit      EUR            -91,293.15

  Other shareholders' equity (+/-)      EUR            326,761.24

   Deficit not covered by shareholders'

   equity                               EUR            326,761.24

 Provisions                             EUR              3,300.00

 Liabilities                            EUR            399,433.27

  Other liabilities                     EUR            399,433.27

   Unspecified other liabilities        EUR            399,433.27

 

Type of balance

sheet:               Company balance sheet

 

Financial year:      01.01.2008 - 31.12.2008

 

ASSETS                                  EUR            387,729.10

 Fixed assets                           EUR              1,918.00

  Tangible assets                       EUR              1,918.00

 Current assets                         EUR            146,331.73

  Stocks                                EUR             91,607.00

  Accounts receivable                   EUR             51,146.19

  Liquid means                          EUR              3,578.54

 Remaining other assets                 EUR            239,479.37

  Accruals (assets)                     EUR              4,011.28

  Deficit not covered by shareholders'

  equity                                EUR            235,468.09

 

LIABILITIES                             EUR            387,729.10

 Shareholders' equity                   EUR                  0.00

  Capital                               EUR             25,000.00

   Subscribed capital (share capital)   EUR             25,000.00

  Reserves                              EUR                616.99

   Capital reserves                     EUR                616.99

  Balance sheet profit/loss (+/-)       EUR           -261,085.08

   Profit / loss brought forward        EUR           -121,168.08

   Annual surplus / annual deficit      EUR           -139,917.00

  Other shareholders' equity (+/-)      EUR            235,468.09

   Deficit not covered by shareholders'

   equity                               EUR            235,468.09

 Provisions                             EUR              3,300.00

 Liabilities                            EUR            384,429.10

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.48.94

UK Pound

1

Rs.77.95

Euro

1

Rs.65.94

 

 

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.