MIRA INFORM REPORT

 

 

Report Date :           

30.03.2012

 

IDENTIFICATION DETAILS

 

Name :

SACKE HINRICHS GMBH

 

 

Registered Office :

Delmenhorster Str. 330, D 28816 Stuhr

 

 

Country :

Germany

 

 

Financials (as on) :

31.12.2010

 

 

Date of Incorporation :

15.11.1921

 

 

Com. Reg. No.:

HRB 110665

 

 

Legal Form :

Private limited company

 

 

Line of Business :

Wholesale of other intermediate goods

 

 

No. of Employees :

21

 

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

 

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

 

Säcke Hinrichs GmbH

 

 

Company address

 

Delmenhorster Str. 330

D 28816 Stuhr

Telephone:        04221/93292-0

Telefax:             04221/30740

Homepage:        www.saecke-hinrichs.de

E-mail:              info@saecke-hinrichs.de

 

 

VAT no.      

 

DE116641309

 

 

Tax ID number

 

46/203/04610

 

 

Synthesis

 

LEGAL FORM               Private limited company

Date of foundation:         15.11.1921

Shareholders'

agreement:                    02.12.1993

Registered on:               17.02.1994

Commercial Register:     Local court 29664 Walsrode

under:                                       HRB 110665

Share capital:                      EUR             55,000.00

 

 

Shareholder

 

Oswald Kasperak

Moordeicher Landstr. 8

D 28816 Stuhr

born: 02.05.1939

Share:             EUR             22,000.00

Shareholder:

                     Gabriele Kasperak

                     Moordeicher Landstr. 8

                     D 28816 Stuhr

                     born: 21.10.1939

                     née: Kosiol

                     Share:             EUR             22,000.00

Shareholder:

                     Daniel Kasperak

                     Moorbekweg 27

                     D 28816 Stuhr

                     born: 22.09.1972

                     Share:             EUR             11,000.00

 

 

Manager

                     Oswald Kasperak

                     Moordeicher Landstr. 8

                     D 28816 Stuhr

                     having sole power of representation

                     born: 02.05.1939

                     Marital status: married

Manager:

                     Gabriele Kasperak

                     Moordeicher Landstr. 8

                     D 28816 Stuhr

                     having sole power of representation

                     born: 21.10.1939

                     née: Kosiol

                     Marital status: married

Manager:

                     Daniel Kasperak

                     Moorbekweg 27

                     D 28816 Stuhr

                     born: 22.09.1972

 

Further functions/participations of Oswald Kasperak (Manager)

 

General partner:

                     Gabriele Kasperak, Daniel Kasperak und

                     Oswald Kasperak

                     Delmenhorster Str. 330

                     D 28816 Stuhr

                     Legal form: Partnership under the Civil Code

 

Further functions/participations of Gabriele Kasperak (Manager)

 

General partner:

                     Gabriele Kasperak, Daniel Kasperak und

                     Oswald Kasperak

                     Delmenhorster Str. 330

                     D 28816 Stuhr

                     Legal form: Partnership under the Civil Code

 

Further functions/participations of Daniel Kasperak (Manager)

General partner:

                     Gabriele Kasperak, Daniel Kasperak und

                     Oswald Kasperak

                     Delmenhorster Str. 330

                     D 28816 Stuhr

                     Legal form: Partnership under the Civil Code

 

 

COMPANY HISTORY

 

13.03.1987 - 20.05.1992  Sackfabrik Hinrichs OHG

                         Schulstr. 79

                         D 28816 Stuhr

                         General Partnership

20.05.1992 - 17.02.1994  Sackfabrik Hinrichs KG

                         Schulstr. 79

                         D 28816 Stuhr

                         Limited partnership

17.02.1994 - 04.2006     Hinrichs GmbH

                         Schulstr. 79

                         D 28816 Stuhr

                         Private limited company

05.2006 - 30.04.2011     Säcke Hinrichs GmbH

                         Schulstr. 79

                         D 28816 Stuhr

                         Private limited company

 

 

BUSINESS ACTIVITIES

 

Main industrial sector

46760   Wholesale of other intermediate goods

 

 

FINANCIAL INFORMATION

 

Payment experience:     within periods customary in this trade

 

Negative information:      We have no negative information at hand.

 

Balance sheet year:       2010

REAL ESTATE

 

Type of ownership:         Tenant

Address                        Delmenhorster Str. 330

                                    D 28816 Stuhr

 

Land register documents were not available.

 

 

BANKERS

 

BREMER LANDESBANK, BREMEN

Sort. code: 29050000, BIC: BRLADE22XXX

 

 

FINANCIAL FIGURES

 

Turnover:            2010               EUR         10,500,000.00

                     2011               EUR         12,300,000.00

Expected turnover:                      EUR         13,000,000.00

Profit:              2010               EUR            225,768.00

further business figures:

Equipment:                              EUR            114,000.00

Ac/ts receivable:                       EUR            909,736.00

Liabillities:                           EUR          1,533,557.00

Total numbers of vehicles:                                      8

- Lorries:                                                      4

- Passenger cars:                                               4

Total value of vehicles:                EUR            465,000.00

- Lorries:                              EUR            280,000.00

- Passenger cars:                       EUR            185,000.00

Employees:                                                     21

- thereof permanent staff:                                     18

- Part-time employees:                                          2

- Trainees:                                                     1

 

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

 

 

BALANCE SHEETS

 

Balance sheet ratios 01.01.2010 - 31.12.2010

Equity ratio [%]:                 19.03

Liquidity ratio:                   0.90

Return on total capital [%]:       9.15

 

Balance sheet ratios 01.01.2009 - 31.12.2009

Equity ratio [%]:                 13.81

Liquidity ratio:                   1.11

Return on total capital [%]:      15.28

 

Balance sheet ratios 01.01.2008 - 31.12.2008

Equity ratio [%]:                 -2.90

Liquidity ratio:                   0.73

Return on total capital [%]:      -6.06

 

Balance sheet ratios 01.01.2007 - 31.12.2007

Equity ratio [%]:                 -4.45

Liquidity ratio:                   0.83

Return on total capital [%]:       0.01

 

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          2,468,269.89

 Fixed assets                           EUR            377,951.14

  Intangible assets                     EUR              1,445.00

   Other / unspecified intangible assetsEUR              1,445.00

  Tangible assets                       EUR            376,506.14

   Other / unspecified tangible assets  EUR            376,506.14

 Current assets                         EUR          2,089,907.75

  Stocks                                EUR            656,372.35

  Accounts receivable                   EUR            909,736.37

   Other debtors and assets             EUR            909,736.37

  Liquid means                          EUR            523,799.03

 Remaining other assets                 EUR                411.00

  Accruals (assets)                     EUR                411.00

 

LIABILITIES                             EUR          2,468,269.89

 Shareholders' equity                   EUR            470,342.36

  Capital                               EUR             55,000.00

   Subscribed capital (share capital)   EUR             55,000.00

  Balance sheet profit/loss (+/-)       EUR            415,342.36

   Profit / loss brought forward        EUR            189,574.82

   Annual surplus / annual deficit      EUR            225,767.54

 Provisions                             EUR            464,371.00

 Liabilities                            EUR          1,533,556.53

  Other liabilities                     EUR          1,533,556.53

   Unspecified other liabilities        EUR          1,533,556.53

 

Type of balance

sheet:               Company balance sheet

 

Financial year:      01.01.2009 - 31.12.2009

 

ASSETS                                  EUR          1,767,124.83

 Fixed assets                           EUR             77,295.53

  Intangible assets                     EUR              1,268.00

  Tangible assets                       EUR             76,027.53

 Current assets                         EUR          1,689,097.43

  Stocks                                EUR            577,253.82

  Accounts receivable                   EUR            649,849.97

  Liquid means                          EUR            461,993.64

 Remaining other assets                 EUR                731.87

  Accruals (assets)                     EUR                731.87

 

LIABILITIES                             EUR          1,767,124.83

 Shareholders' equity                   EUR            244,574.82

  Capital                               EUR             55,000.00

   Subscribed capital (share capital)   EUR             55,000.00

  Balance sheet profit/loss (+/-)       EUR            189,574.82

   Profit / loss brought forward        EUR            -80,372.77

   Annual surplus / annual deficit      EUR            269,947.59

 Provisions                             EUR            477,147.79

 Liabilities                            EUR          1,045,402.22

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.51.15

UK Pound

1

Rs.81.41

Euro

1

Rs.68.22

 

 

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.