MIRA INFORM REPORT

 

 

Report Date :           

17.03.2012

 

IDENTIFICATION DETAILS

 

Name :

CONTRINEX GMBH

 

 

Registered Office :

Lötscher Weg 104, D 41334 Nettetal

 

 

Country :

Germany

 

 

Financials (as on) :

31.12.2010

 

 

Date of Incorporation :

30.12.1997

 

 

Com. Reg. No.:

HRB 8498

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Manufacture of electronic components

 

 

No. of Employees :

14

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Maximum Credit Limit :

82,500 EUR

Status :

Satisfactory

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 

 

Contrinex GmbH

 

 

Company address

 

Lötscher Weg 104

D 41334 Nettetal

Telephone:02153/7374-0

Telefax:  02153/7374-55

Homepage: www.contrinex.de

E-mail:   info@contrinex.de

 

 

VAT no

 

DE812342655

 

 

CONCLUSION

 

Business relations are permissible.

 

 

Synthesis

 

LEGAL FORM               Private limited company

Date of foundation:         31.10.1997

Shareholders'

agreement:                    31.10.1997

Registered on:               30.12.1997

Commercial Register:     Local court 47798 Krefeld

under:                                       HRB 8498

 Share capital:                EUR             52,000.00

 

Shareholder

 

Wilfried Schmitz

Schulstr. 62

D 41334 Nettetal

born: 20.04.1958

Share:             EUR             23,400.00

 

Shareholder:

                      Contrinex GmbH

                      Lötscher Weg 104

                      D 41334 Nettetal

                      Legal form: Private limited company

                      Share capital:     EUR             52,000.00

                      Share:             EUR             20,300.00

                      Registered on: 30.12.1997

                      Reg. data: 47798 Krefeld, HRB 8498

 Shareholder:

                      Christa Terporten

                      Kurze Str. 22

                      D 41334 Nettetal

                      born: 06.10.1957

                      Share:             EUR              4,150.00

 Shareholder:

                      Georg Laskowsky

                      Ringstr. 99

                      D 41334 Nettetal

                      born: 27.06.1957

                      Share:             EUR              4,150.00

 

 

Manager

 

Wilfried Schmitz

Schulstr. 62

D 41334 Nettetal

born: 20.04.1958

Profession: Businessman

Marital status: married

 

 

COMPANY HISTORY

 

 31.10.1997 - 2007        Contrinex GmbH

                          Lötscher Weg 78

                          D 41334 Nettetal

                          Private limited company

 

BUSINESS ACTIVITIES

 

Sectors

·         2611    Manufacture of electronic components

·         46520   Wholesale of electronic and telecommunications equipment  and parts

 

 

PARTICIPATIONS

 

Shareholder:

                      Contrinex GmbH

                      Lötscher Weg 104

                      D 41334 Nettetal

                      Legal form: Private limited company

                      Company Status: active

                      Share capital:     EUR             52,000.00

                      Share:             EUR             20,300.00

                      Reg. data:  30.12.1997

                                  Local court 47798 Krefeld

                                  HRB 8498

 

 

FINANCIAL INFORMATION

 

Payment experience:     within agreed terms

 

Negative information:      We have no negative information at hand.

 

Maximum credit:            82,500 EUR

 

Balance sheet year:       2010

 

 

REAL ESTATE

 

Type of ownership:         Tenant

Address                        Lötscher Weg 104

                                    D 41334 Nettetal

 

 Real Estate of:              Wilfried Schmitz

 Type of ownership:        proprietor

 Share:                          100.00 %

 Address                       Schulstr. 62

                                    D 41334 Nettetal

 

Land register documents were not available.

BANKERS

 

COMMERZBANK VORMALS DRESDNER BANK, NETTETAL

Sort. code: 31080015, BIC: DRESDEFF310

 

 

FINANCIAL FIGURES

 

 Turnover:            2010               EUR          3,100,000.00

                      2011               EUR          3,300,000.00

 Profit:              2010               EUR            321,466.00

 further business figures:

 Ac/ts receivable:                       EUR          1,263,481.00

 Liabillities:                           EUR          2,017,512.00

 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 01.01.2010 - 31.12.2010

 Equity ratio [%]:                 36.31

 Liquidity ratio:                   0.63

 Return on total capital [%]:       8.88

 

 Balance sheet ratios 01.01.2009 - 31.12.2009

 Equity ratio [%]:                 34.69

 Liquidity ratio:                   0.46

 Return on total capital [%]:       0.09

 

Balance sheet ratios 01.01.2008 - 31.12.2008

 Equity ratio [%]:                 31.41

 Liquidity ratio:                   0.42

 Return on total capital [%]:       4.16

 

Balance sheet ratios 01.01.2007 - 31.12.2007

 Equity ratio [%]:                 33.03

 Liquidity ratio:                   0.53

 Return on total capital [%]:      12.91

 

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          3,623,013.85

  Fixed assets                           EUR          1,035,881.91

   Intangible assets                     EUR              4,122.00

    Other / unspecified intangible assetsEUR              4,122.00

   Tangible assets                       EUR          1,031,759.91

    Other / unspecified tangible assets  EUR          1,031,759.91

  Current assets                         EUR          2,556,664.27

   Stocks                                EUR          1,280,023.95

   Accounts receivable                   EUR          1,263,481.14

    Other debtors and assets             EUR          1,263,481.14

   Liquid means                          EUR             13,159.18

  Remaining other assets                 EUR             30,467.67

   Accruals (assets)                     EUR             30,467.67

 

 LIABILITIES                             EUR          3,623,013.85

  Shareholders' equity                   EUR          1,316,678.59

   Capital                               EUR             52,000.00

    Subscribed capital (share capital)   EUR             52,000.00

   Balance sheet profit/loss (+/-)       EUR          1,264,678.59

    Profit / loss brought forward        EUR            943,212.50

    Annual surplus / annual deficit      EUR            321,466.09

  Provisions                             EUR            288,823.50

  Liabilities                            EUR          2,017,511.76

   Other liabilities                     EUR          2,017,511.76

    Unspecified other liabilities        EUR          2,017,511.76

 

 Type of balance

 sheet:               Company balance sheet

 

 Financial year:      01.01.2009 - 31.12.2009

 

 ASSETS                                  EUR          2,867,228.23

  Fixed assets                           EUR          1,042,240.42

   Intangible assets                     EUR              2,090.00

    Other / unspecified intangible assetsEUR              2,090.00

   Tangible assets                       EUR          1,040,150.42

    Other / unspecified tangible assets  EUR          1,040,150.42

  Current assets                         EUR          1,793,056.62

   Stocks                                EUR            936,340.04

   Accounts receivable                   EUR            845,924.95

    Other debtors and assets             EUR            845,924.95

   Liquid means                          EUR             10,791.63

  Remaining other assets                 EUR             31,931.19

   Accruals (assets)                     EUR             31,931.19

 

 LIABILITIES                             EUR          2,867,228.23

  Shareholders' equity                   EUR            995,212.50

   Capital                               EUR             52,000.00

    Subscribed capital (share capital)   EUR             52,000.00

   Balance sheet profit/loss (+/-)       EUR            943,212.50

    Profit / loss brought forward        EUR            940,536.79

    Annual surplus / annual deficit      EUR              2,675.71

  Provisions                             EUR             14,000.00

  Liabilities                            EUR          1,858,015.73

   Other liabilities                     EUR          1,858,015.73

    Unspecified other liabilities        EUR          1,858,015.73

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.50.31

UK Pound

1

Rs.79.04

Euro

1

Rs.65.82

 

 

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.