MIRA INFORM REPORT

 

 

Report Date :           

01.03.2012

 

IDENTIFICATION DETAILS

 

Name :

KHAWAJA-LEDERMODEN GMBH

 

 

Registered Office :

Feincheswiese 13, D 56424 Staudt

 

 

Country :

Germany

 

 

Financials (as on) :

30.06.2010

 

 

Date of Incorporation :

10.06.1992

 

 

Com. Reg. No.:

HRB 4382

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Wholesale of textiles

 

 

No. of Employees :

06

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Maximum Credit Limit :

14,000 EUR

 

 

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 – September 30th, 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

 

Khawaja-Ledermoden GmbH

 

 

Company address

 

Feincheswiese 13

D 56424 Staudt

Telephone:        02602/93280

Telefax:             02602/932826

Homepage:        www.khawaja.de

E-mail:              khawaja-ledermoden@t-online.de

 

 

VAT no

 

DE149319415

 

 

CONCLUSION

 

Business relations are permissible.

 

 

Synthesis

 

LEGAL FORM               Private limited company

Date of foundation:         10.06.1992

Shareholders'

agreement:                    10.06.1992

Registered on:               13.07.1992

Commercial Register:     Local court 56410 Montabaur

under:                                       HRB 4382

Share capital:                 EUR             25,564.60

 

 

Shareholder

 

Ghulam-Jilani Khawaja

Horresser Berg 14

D 56410 Montabaur

born: 20.10.1956

Share:             EUR             12,782.30

 

Shareholder:

Ursula Menge-Khawaja

Horresser Berg 14

D 56410 Montabaur

born: 09.08.1956

née: Menge

Share:             EUR             12,782.30

 

 

Manager

 

Ghulam-Jilani Khawaja

Horresser Berg 14

D 56410 Montabaur

born: 20.10.1956

Marital status: married

 

Manager:

Ursula Menge-Khawaja

Horresser Berg 14

D 56410 Montabaur

born: 09.08.1956

née: Menge

Marital status: married

 

 

COMPANY HISTORY

 

 10.06.1992 - 24.01.2007  Khawaja-Ledermoden GmbH

                          Horresser Berg 14

                          D 56410 Montabaur

                          Private limited company

 

BUSINESS ACTIVITIES

 

Main industrial sector

·         4641    Wholesale of textiles

·         46493   Wholesale of leather goods, luggage, giftware and advertising articles

·         4771    Retail sale of clothing

·         47722   Retail sale of leatheware and baggage

 

 

FINANCIAL INFORMATION

 

Payment experience:     within periods customary in this trade

 

Negative information:      We have no negative information at hand.

 

Maximum credit:            14,000 EUR

 

Balance sheet year:       2009/2010

 

 

REAL ESTATE

 

Type of ownership:         Tenant

Address                        Feincheswiese 13

                                    D 56424 Staudt

 

 Real Estate of:              Ghulam-Jilani Khawaja

 Type of ownership:        proprietor

 Share:                          100.00 %

 Address                       Horresser Berg 14

                                    D 56410 Montabaur

 

Land register documents were not available.

 

 

BANKERS

 

VOLKSBANK MONTABAUR-HÖHR-GRENZHAUSEN, MONTABAUR

Sort. code: 57091000, Account no.: 557404, BIC: GENODE51MON

 

 

FINANCIAL FIGURES

 

 Turnover:            2010/2011          EUR            810,000.00

 Profit:              2009/2010          EUR            123,872.00

 further business figures:

 Ac/ts receivable:                       EUR            134,022.00

 Liabillities:                           EUR            753,200.00

 Employees:                                                      6

 

The aforementioned business figures may partly be estimated information based on average values in the line of business.

 

 

BALANCE SHEETS

 

 Balance sheet ratios 01.07.2009 - 30.06.2010

 Equity ratio [%]:                 16.03

 Liquidity ratio:                   0.19

 Return on total capital [%]:      11.81

 

 Balance sheet ratios 01.07.2008 - 30.06.2009

 Equity ratio [%]:                  4.48

 Liquidity ratio:                   0.35

 Return on total capital [%]:       2.09

 

 Balance sheet ratios 01.07.2007 - 30.06.2008

 Equity ratio [%]:                  2.45

 Liquidity ratio:                   0.56

 Return on total capital [%]:      -3.41

 

 Balance sheet ratios 01.07.2006 - 30.06.2007

 Equity ratio [%]:                  3.40

 Liquidity ratio:                   0.52

 Return on total capital [%]:      -6.79

 

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:      01.07.2009 - 30.06.2010

 

 ASSETS                                  EUR          1,048,767.25

  Fixed assets                           EUR            226,608.65

   Tangible assets                       EUR             15,052.65

    Other / unspecified tangible assets  EUR             15,052.65

   Financial assets                      EUR            211,556.00

    Other / unspecified financial assets EUR            211,556.00

  Current assets                         EUR            818,470.96

   Stocks                                EUR            638,088.37

   Accounts receivable                   EUR            134,022.22

    Other debtors and assets             EUR            134,022.22

   Liquid means                          EUR             46,360.37

  Remaining other assets                 EUR              3,687.64

   Accruals (assets)                     EUR              3,687.64

 

 LIABILITIES                             EUR          1,048,767.25

  Shareholders' equity                   EUR            168,084.67

   Capital                               EUR             25,564.59

    Subscribed capital (share capital)   EUR             25,564.59

   Balance sheet profit/loss (+/-)       EUR            142,520.08

    Profit / loss brought forward        EUR             18,647.76

    Annual surplus / annual deficit      EUR            123,872.32

  Provisions                             EUR            127,482.52

  Liabilities                            EUR            753,200.06

   Other liabilities                     EUR            753,200.06

    Unspecified other liabilities        EUR            753,200.06

 

 Type of balance

 sheet:               Company balance sheet

 

 Financial year:      01.07.2008 - 30.06.2009

 

 ASSETS                                  EUR            985,837.93

  Fixed assets                           EUR            225,851.80

   Tangible assets                       EUR             20,310.65

   Financial assets                      EUR            205,541.15

  Current assets                         EUR            756,329.67

   Stocks                                EUR            456,264.88

   Accounts receivable                   EUR            288,355.26

   Liquid means                          EUR             11,709.53

  Remaining other assets                 EUR              3,656.46

   Accruals (assets)                     EUR              3,656.46

 

 LIABILITIES                             EUR            985,837.93

  Shareholders' equity                   EUR             44,212.35

   Capital                               EUR             25,564.59

    Subscribed capital (share capital)   EUR             25,564.59

   Balance sheet profit/loss (+/-)       EUR             18,647.76

    Profit / loss brought forward        EUR             -1,936.13

    Annual surplus / annual deficit      EUR             20,583.89

  Provisions                             EUR             97,396.00

  Liabilities                            EUR            844,229.58

  Other liabilities                      EUR                  0.00

   Deferrals (liabilities)               EUR                  0.00

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.