MIRA INFORM REPORT

 

 

Report Date :

02.05.2012

 

IDENTIFICATION DETAILS

 

Name :

SCHULZE & CO. KG

 

 

Registered Office :

Duisburger Str. 68, D 90451 Nürnberg

 

 

Country :

Germany

 

 

Date of Incorporation :

20.09.1929

 

 

Com. Reg. No.:

HRA 10085

 

 

Legal Form :

Limited Partnership

 

 

Line of Business :

Manufacture of condiments and seasonings

 

 

No. of Employees :

26

 

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 :

Good

 

 

Payment Behaviour :

Regular

 

 

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 – March 31st, 2012

 

Country Name

Previous Rating

(31.12.2011)

Current Rating

(31.03.2012)

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

 

Schulze & Co. KG

 

Company address

 

Duisburger Str. 68

D 90451 Nürnberg

Telephone:        0911/6460-55

Telefax:             0911/6460-51

Homepage:        www.schuco-gewuerze.de

E-mail:              schuco@schuco-gewuerze.de

 

 

VAT no.

 

DE133498121

 

 

Synthesis

 

LEGAL FORM               Limited partnership

Date of foundation:         20.09.1929

Registered on:               08.02.1991

Register of

companies:                   Local court 90402 Nürnberg

under:                                       HRA 10085

Total cap. contribution:    EUR            127,822.97

 

 

Limited partner

 

Wilhelm Schulze

D 90402 Nürnberg

born: 12.07.1924

Share:             EUR            127,822.97

 

General partner

 

Wolfgang Schulze

Guntherstr. 8

D 90461 Nürnberg

born: 05.02.1956

Profession: Businessman

Marital status: married

 

 

Proxy

 

Karola Schulze

Guntherstr. 8

D 90461 Nürnberg

having sole power of representation

born: 02.08.1957

Marital status: married

 

 

Further functions/participations of Wolfgang Schulze (General partner)

 

Limited partner:

                     Schulze & Teichmann GmbH & Co. Verwaltungs

                     KG

                     Duisburger Str. 68

                     D 90451 Nürnberg

                     Legal form: Ltd partnership with priv. ltd.

                                 company as general partner

                     Total cap.         EUR            204,516.76

                     contribution:

                     Share:             EUR            128,845.56

                     Registered

                     on:         07.02.2002

                     Reg. data:  90402 Nürnberg, HRA 12624

Shareholder:

                     Schulze & Teichmann GmbH

                     Duisburger Str. 68

                     D 90451 Nürnberg

                     Legal form: Private limited company

                     Share capital:     EUR             25,564.59

                     Share:             EUR             25,564.59

                     Registered

                     on:         04.02.1991

                     Reg. data:  90402 Nürnberg, HRB 10107

Manager:

                     Schulze & Teichmann GmbH

                     Duisburger Str. 68

                     D 90451 Nürnberg

                     Legal form: Private limited company

                     Share capital:     EUR             25,564.59

                     Registered

                     on:         04.02.1991

                     Reg. data:  90402 Nürnberg, HRB 10107

 

 

COMPANY HISTORY

 

20.09.1929 - 01.01.1991  Schulze & Co

                         Duisburger Str. 68

                         D 90451 Nürnberg

                         Limited partnership

 

 

BUSINESS ACTIVITIES

 

Secondary industrial sector

10840   Manufacture of condiments and seasonings

46370   Wholesale of coffee, tea, cocoa and spices

 

 

FINANCIAL INFORMATION

 

Payment experience:     cash discount/within agreed terms

 

Negative information:      We have no negative information at hand.

 

 

REAL ESTATE

 

Type of ownership:         Tenant

Address                        Duisburger Str. 68

                                    D 90451 Nürnberg

 

Land register documents were not available.

 

 

BANKERS

 

UNICREDIT BANK - HYPOVEREINSBANK, NÜRNBERG, MITTELFR

Sort. code: 76020070, BIC: HYVEDEMM460

 

 

FINANCIAL FIGURES

 

Financial year:      01.01. - 31.12.

Turnover:            2010               EUR          6,500,000.00

Total numbers of vehicles:                                      5

- Lorries:                                                      3

- Passenger cars:                                               2

Employees:                                                     26

 

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

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.52.68

UK Pound

1

Rs.85.12

Euro

1

Rs.69.38

 

INFORMATION DETAILS

 

Report Prepared by :

MNL

 

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.