MIRA INFORM REPORT

 

 

Report Date :

09.03.2012

 

IDENTIFICATION DETAILS

 

Name :

BALTA GMBH

 

 

Registered Office :

Römerstr. 13 D 82205 Gilching

 

 

Country :

Germany

 

 

Financials (as on) :

31.12.2010

 

 

Date of Incorporation :

06.10.2009

 

 

Com. Reg. No.:

HRB 182067

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Forwarding Agency

 

 

No. of Employees :

Not Available

 

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 :

10,000 EUR

Status :

Small Company

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 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

 

BALTA GmbH

 

Company Status:      active

Römerstr. 13

D 82205 Gilching

 

 

Registration data

 

LEGAL FORM               Private limited company

Date of foundation:         06.10.2009

Shareholders'

agreement:                    06.10.2009

Registered on:               27.10.2009

Commercial Register:     Local court 80797 München

under:                                       HRB 182067

 

 

Share capital                      

 

EUR             25,000.00

 

 

Shareholder

 

Balta S.A.

Mariacka 4

PL 80-833 Gdansk

Legal form: Other legal form

Share:             EUR             12,750.00

 

Shareholder:

Hofmann & Co. Außenhandels GmbH

Römerstr. 13

D 82205 Gilching

Legal form: Private limited company

Share capital:     EUR             51,129.19

Share:             EUR             12,250.00

Registered on: 12.05.1986

Reg. data: 80797 München, HRB 78834

 

Manager:

Mario DAmico

Josef-Fischhaber-Str. 7a

D 82319 Starnberg

authorized to jointly represent the company

born: 20.10.1968

 

Manager:

Marek Krawczyk

PL - Gdansk

authorized to jointly represent the company

born: 24.03.1961

Nationality: Polish

 

 

BUSINESS ACTIVITIES

 

Sectors

52291   Forwarding agency

52299   Service activities incidental to transportation n.e.c.

 

 

FINANCIAL INFORMATION

 

Payment experience:  within periods customary in this trade

 

Negative information:We have no negative information at hand.

 

Maximum credit:      10,000 EUR

 

Balance sheet year:  2010

 

 

REAL ESTATE

 

Type of ownership:   Tenant

Address              Römerstr. 13

                     D 82205 Gilching

 

Land register documents were not available.

 

 

BANKERS

 

A bank connection is unknown.

 

 

FINANCIAL FIGURES

 

Ac/ts receivable:                       EUR             38,392.00

Liabillities:                           EUR            702,413.00

The number of employees is not known.

 

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 [%]:                  4.00

Liquidity ratio:                  10.00

Return on total capital [%]:       3.94

 

Balance sheet ratios 06.10.2009 - 31.12.2009

Equity ratio [%]:                  0.05

Return on total capital [%]:      -0.38

 

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          1,007,054.34

 Current assets                         EUR          1,007,054.34

  Accounts receivable                   EUR             38,391.54

   Other debtors and assets             EUR             38,391.54

  Liquid means                          EUR            968,662.80

 

LIABILITIES                             EUR          1,007,054.34

 Shareholders' equity                   EUR             40,235.12

  Capital                               EUR             25,000.00

   Subscribed capital (share capital)   EUR             25,000.00

  Balance sheet profit/loss (+/-)       EUR             15,235.12

   Balance sheet profit / loss          EUR             15,235.12

 Provisions                             EUR            264,406.00

 Liabilities                            EUR            702,413.22

  Other liabilities                     EUR            702,413.22

   Unspecified other liabilities        EUR            702,413.22

 

Type of balance

sheet:               Company balance sheet

 

Financial year:      06.10.2009 - 31.12.2009

 

ASSETS                                  EUR          6,395,761.48

 Current assets                         EUR          6,395,761.48

  Stocks                                EUR          6,158,478.17

  Accounts receivable                   EUR             12,775.44

   Other debtors and assets             EUR             12,775.44

  Liquid means                          EUR            224,507.87

 

LIABILITIES                             EUR          6,395,761.48

 Shareholders' equity                   EUR                567.22

  Capital                               EUR             25,000.00

   Subscribed capital (share capital)   EUR             25,000.00

  Balance sheet profit/loss (+/-)       EUR            -24,432.78

   Annual surplus / annual deficit      EUR            -24,432.78

 Provisions                             EUR              2,500.00

 Liabilities                            EUR          6,392,694.26

  Other liabilities                     EUR          6,392,694.26

   Unspecified other liabilities        EUR          6,392,694.26

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.50.57

UK Pound

1

Rs.79.57

Euro

1

Rs.66.49

 

 

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.