MIRA INFORM REPORT

 

 

Report Date :           

01.03.2012

 

IDENTIFICATION DETAILS

 

Correct Name :

MB LEDERWAREN-IMPORTE GESELLSCHAFT MITBESCHRÄNKTER HAFTUNG

 

 

Registered Office :

Harkortstr. 15, D 59379 Selm

 

 

Country :

Germany

 

 

Financials (as on) :

31.12.2011

 

 

Date of Incorporation :

27.10.1980

 

 

Com. Reg. No.:

HRB 17524

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Wholesale of leather goods, luggage, giftware and advertising articles

 

 

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

 

Maximum Credit Limit :

76,500 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

 

MB Lederwaren-Importe Gesellschaft mitbeschränkter Haftung

 

 

Company address

 

Harkortstr. 15

D 59379 Selm

Telephone:        02592/97420

Telefax:             02592/974299

Homepage:        www.mb-lederwaren.de

E-mail:              info@mb-lederwaren.de

 

 

VAT no.

 

DE125861257

 

 

CONCLUSION

 

Business relations are permissible.

 

 

Synthesis

 

 LEGAL FORM              Private limited company

 Date of foundation:        1980

 Registered on:              27.10.1980

 Commercial Register:    Local court 44135 Dortmund

 under:                          HRB 17524

Share capital:                 EUR            153,387.56

 

 

Shareholder

 

Ansgar Böhmer

Otto-Hahn-Str. 5

D 59379 Selm

born: 17.07.1941

Share:             EUR             76,693.78

Shareholder

 

Michael Böhmer

Herschkamp 8

D 59379 Selm

born: 26.02.1967

Share:             EUR             76,693.78

 

 

Manager

 

Michael Böhmer

Herschkamp 8

D 59379 Selm

having sole power of representation

born: 26.02.1967

 

 

Proxy

 

Achim Ludwig Boese

D 59379 Selm

authorized to jointly represent the company

 

 

Further functions/participations of Michael Böhmer (Manager)

 

 Shareholder:

                      Michael Böhmer Gesellschaft mit beschränkter

                      Haftung

                      Harkortstr. 15

                      D 59379 Selm

                      Legal form: Private limited company in

                                  liquidation

                      Share capital:     EUR             25,564.59

                      Share:             EUR             25,564.59

                      Registered

                      on:         14.06.1993

                      Reg. data:  44135 Dortmund, HRB 17670

 Liquidator:

                      Michael Böhmer Gesellschaft mit beschränkter

                      Haftung

                      Harkortstr. 15

                      D 59379 Selm

                      Legal form: Private limited company in

                                  liquidation

                      Share capital:     EUR             25,564.59

                      Registered

                      on:         14.06.1993

                      Reg. data:  44135 Dortmund, HRB 17670

 

 

COMPANY HISTORY

 

 1980 - 15.10.1996        MB Lederwaren-Importe Gesellschaft mit

                          beschränkter Haftung

                          Otto-Hahn-Str. 3

                          D 59379 Selm

                          Private limited company

 

 

BUSINESS ACTIVITIES

 

Sectors

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

 

 

FINANCIAL INFORMATION

 

Payment experience:     within periods customary in this trade

Negative information:      We have no negative information at hand.

Maximum credit:            76,500 EUR

Balance sheet year:       2011

 

 

REAL ESTATE

 

 Type of ownership:        proprietor

 Share:                          100.00 %

 Address                       Harkortstr. 15

                                    D 59379 Selm

 Type of real estate:       works

 Size:                            1,500.00 sq.m

 Residential floor            3,000.00 sq.m

 space/ Usable floor

 space:

 Value at selling price:    EUR            767,000.00

 

Land register documents were not available.

 

 

BANKERS

 

SPARKASSE WESTMÜNSTERLAND, LÜDINGHAUSEN

Sort. code: 40154530, BIC: WELADE3WXXX

 

 

FINANCIAL FIGURES

 

 Turnover:            2010               EUR          4,500,000.00

                      2011               EUR          4,500,000.00

 further business figures:

 Ac/ts receivable:                       EUR            451,557.00

 Liabillities:                           EUR          1,176,319.00

 Employees:                                                     14

 

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

 

 

BALANCE SHEETS

 

 Balance sheet ratios 01.01.2011 - 31.12.2011

 Equity ratio [%]:                 10.60

 Liquidity ratio:                   0.38

 Return on total capital [%]:       1.64

 

 Balance sheet ratios 01.01.2010 - 31.12.2010

 Equity ratio [%]:                  8.92

 Liquidity ratio:                   0.45

 Return on total capital [%]:       0.91

 

 Balance sheet ratios 01.01.2009 - 31.12.2009

 Equity ratio [%]:                  8.01

 Liquidity ratio:                   0.36

 Return on total capital [%]:      12.26

 

 Balance sheet ratios 01.01.2008 - 31.12.2008

 Equity ratio [%]:                 -3.33

 Liquidity ratio:                   0.29

 Return on total capital [%]:       1.96

 

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:      01.01.2011 - 31.12.2011

 

 ASSETS                                  EUR          1,561,910.44

  Fixed assets                           EUR            251,440.31

   Intangible assets                     EUR              6,180.00

    Other / unspecified intangible assetsEUR              6,180.00

   Tangible assets                       EUR            245,260.31

    Other / unspecified tangible assets  EUR            245,260.31

  Current assets                         EUR          1,300,584.76

   Stocks                                EUR            848,203.45

   Accounts receivable                   EUR            451,556.68

    Other debtors and assets             EUR            451,556.68

   Liquid means                          EUR                824.63

  Remaining other assets                 EUR              9,885.37

   Accruals (assets)                     EUR              9,885.37

 

 LIABILITIES                             EUR          1,561,910.44

  Shareholders' equity                   EUR            168,330.25

   Capital                               EUR            153,387.56

    Subscribed capital (share capital)   EUR            153,387.56

   Balance sheet profit/loss (+/-)       EUR             14,942.69

    Balance sheet profit / loss          EUR             14,942.69

  Provisions                             EUR            217,261.68

  Liabilities                            EUR          1,176,318.51

   Other liabilities                     EUR          1,176,318.51

    Unspecified other liabilities        EUR          1,176,318.51

 

 Type of balance

 sheet:               Company balance sheet

 

 Financial year:      01.01.2010 - 31.12.2010

 

 ASSETS                                  EUR          1,559,615.35

  Fixed assets                           EUR            256,623.31

   Intangible assets                     EUR              8,019.00

    Other / unspecified intangible assetsEUR              8,019.00

   Tangible assets                       EUR            248,604.31

    Other / unspecified tangible assets  EUR            248,604.31

  Current assets                         EUR          1,292,917.97

   Stocks                                EUR            745,305.88

   Accounts receivable                   EUR            547,373.22

    Other debtors and assets             EUR            547,373.22

   Liquid means                          EUR                238.87

  Remaining other assets                 EUR             10,074.07

   Accruals (assets)                     EUR             10,074.07

 

 LIABILITIES                             EUR          1,559,615.35

  Shareholders' equity                   EUR            142,729.04

   Capital                               EUR            153,387.56

    Subscribed capital (share capital)   EUR            153,387.56

   Balance sheet profit/loss (+/-)       EUR            -10,658.52

    Balance sheet profit / loss          EUR            -10,658.52

  Provisions                             EUR            210,032.68

  Liabilities                            EUR          1,206,853.63

   Other liabilities                     EUR          1,206,853.63

    Unspecified other liabilities        EUR          1,206,853.63

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.