MIRA INFORM REPORT

 

 

Report Date :

31.03.2012

 

IDENTIFICATION DETAILS

 

Name :

CASATEX HAUSTEXTILIEN GMBH

 

 

Registered Office :

Reinigerstr. 8, D 91052 Erlangen

 

 

Country :

Germany

 

 

Financials (as on) :

31.12.2010

 

 

Date of Incorporation :

1996

 

 

Com. Reg. No.:

HRB 13293

 

 

Legal Form :

Private limited company

 

 

Line of Business :

Wholesale of textiles

 

 

No. of Employees :

Not Available

 

 

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 :

146,500 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 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 & address

 

Casatex Haustextilien GmbH

 

Company Status:      active

Reinigerstr. 8

D 91052 Erlangen

Telephone:09131/93149-10

 

 

 CONCLUSION

 

 Business relations are permissible.

 

 

Company details

 

 LEGAL FORM                                      Private limited company

 Date of foundation:                                1996

 Shareholders'  agreement:                     28.03.1996

 Registered on:                                      15.12.2011

 Commercial Register:                            Local court 90762 Fürth

 under:                                                  HRB 13293

 

 Share capital:                          EUR            159,000.00

 

 

Shareholder

 

Balsiger Textil AG

CH - Langen

Legal form: Other legal form

Share:             EUR             53,000.00

 

Shareholder:

Sabine Nowak

Ebrardstr. 33

D 91054 Erlangen

born: 08.10.1964

née: Müller

Share:             EUR             53,000.00

 

Shareholder:

Elise Eidenschink GmbH & Co. KG

Innstr. 25

D 84359 Simbach

Legal form: Ltd partnership with priv. ltd.

company as general partner

Total cap.         EUR             30,000.00

contribution:

Share:             EUR             53,000.00

Registered on: 01.03.2007

Reg. data: 84028 Landshut, HRA 9442

 

 

Manager

 

Sabine Nowak

D 91052 Erlangen

having sole power of representation

born: 08.10.1964

née: Müller

 

Manager:

Daniel Balsiger

CH  Kleindietwil

having sole power of representation

born: 03.11.1951

Nationality: Swiss

 

 

 Further functions/participations of Daniel Balsiger (Manager)

 

 Manager:

 

Eurotrade Asia GmbH

Schwieberdinger Str. 58

D 70435 Stuttgart

Legal form: Private limited company

Share capital:     EUR             25,000.00

Registered

on:         19.10.2006

Reg. data:  70190 Stuttgart, HRB 331757

 

 

 COMPANY HISTORY

 

 16.04.1996 - 30.11.2009  Casatex Haustextilien GmbH

                          Bischofstr. 4

                          D 75365 Calw

                          Private limited company

 01.12.2009 - 15.12.2011  Casatex Haustextilien GmbH

                          Schwieberdinger Str. 58

                          D 70435 Stuttgart

                          Private limited company

 

 

 BUSINESS ACTIVITIES

 

 Secondary industrial sector

 1399    Manufacture of other textiles n.e.c.

46410   Wholesale of textiles

82999   Other business support service activities n. e. c.

96090   Other service activities n. e. c.

 

 

 FINANCIAL INFORMATION

 

 Payment experience:  within agreed terms

 

 Negative information:We have no negative information at hand.

 

 Maximum credit:      146,500 EUR

 

 Balance sheet year:  2010

 

 

 REAL ESTATE

 

 Type of ownership:   Tenant

 Address              Reinigerstr. 8

                      D 91052 Erlangen

 

 Land register documents were not available.

 

 

 BANKERS

 

 KREISSPARKASSE CALW -ALT-, CALW

 Sort. code: 60651070, BIC: PZHSDE66CAL

 

 

 FINANCIAL FIGURES

 

 Turnover:            2011               EUR          7,312,500.00

 Profit:              2010               EUR             10,537.00

 further business figures:

 Equipment:                              EUR            362,500.00

 Ac/ts receivable:                       EUR            863,731.00

 Liabillities:                           EUR            957,480.00

 Total numbers of vehicles:                                      1

 Employees:                                                     50

 

 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 [%]:                 18.22

 Liquidity ratio:                   0.95

 Return on total capital [%]:       0.88

 

 Balance sheet ratios 01.01.2009 - 31.12.2009

 Equity ratio [%]:                 20.90

 Liquidity ratio:                   0.61

 Return on total capital [%]:       3.08

 

 Balance sheet ratios 01.01.2008 - 31.12.2008

 Equity ratio [%]:                 25.86

 Liquidity ratio:                   1.22

 Return on total capital [%]:       1.38

 

 Balance sheet ratios 01.01.2007 - 31.12.2007

 Equity ratio [%]:                 26.40

 Liquidity ratio:                   1.15

 Return on total capital [%]:       0.13

 

 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          1,195,212.81

  Fixed assets                           EUR              7,570.00

   Intangible assets                     EUR                  2.00

    Other / unspecified intangible assetsEUR                  2.00

   Tangible assets                       EUR              7,568.00

    Other / unspecified tangible assets  EUR              7,568.00

  Current assets                         EUR          1,177,152.72

   Stocks                                EUR            266,906.83

   Accounts receivable                   EUR            863,731.45

    Other debtors and assets             EUR            863,731.45

   Liquid means                          EUR             46,514.44

  Remaining other assets                 EUR             10,490.09

   Accruals (assets)                     EUR             10,490.09

 

 LIABILITIES                             EUR          1,195,212.81

  Shareholders' equity                   EUR            217,757.25

   Capital                               EUR            159,000.00

    Subscribed capital (share capital)   EUR            159,000.00

   Balance sheet profit/loss (+/-)       EUR             58,757.25

    Profit / loss brought forward        EUR             48,219.95

    Annual surplus / annual deficit      EUR             10,537.30

  Provisions                             EUR             19,975.80

  Liabilities                            EUR            957,479.76

   Other liabilities                     EUR            957,479.76

    Unspecified other liabilities        EUR            957,479.76

 

 Type of balance

 sheet:               Company balance sheet

 

 Financial year:      01.01.2009 - 31.12.2009

 

 ASSETS                                  EUR            991,615.75

  Fixed assets                           EUR              9,471.00

   Intangible assets                     EUR                  2.00

    Other / unspecified intangible assetsEUR                  2.00

   Tangible assets                       EUR              9,469.00

    Other / unspecified tangible assets  EUR              9,469.00

  Current assets                         EUR            970,458.88

   Stocks                                EUR            498,213.60

   Accounts receivable                   EUR            464,109.51

    Other debtors and assets             EUR            464,109.51

   Liquid means                          EUR              8,135.77

  Remaining other assets                 EUR             11,685.87

   Accruals (assets)                     EUR             11,685.87

 

 LIABILITIES                             EUR            991,615.75

  Shareholders' equity                   EUR            207,219.95

   Capital                               EUR            159,000.00

    Subscribed capital (share capital)   EUR            159,000.00

   Balance sheet profit/loss (+/-)       EUR             48,219.95

    Profit / loss brought forward        EUR             17,667.98

    Annual surplus / annual deficit      EUR             30,551.97

  Provisions                             EUR             21,418.03

  Liabilities                            EUR            762,977.77

   Other liabilities                     EUR            762,977.77

    Unspecified other liabilities        EUR            762,977.77

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.51.15

UK Pound

1

Rs.81.79

Euro

1

Rs.68.34

 

 

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.