MIRA INFORM REPORT

 

 

Report Date :

10.05.2012

 

IDENTIFICATION DETAILS

 

Correct Name :

HOLIDAY HEIMTEX JOHANNES WAGNER INH. HEIKO WAGNER E.K.

 

 

Registered Office :

Im Wiesengrund 13, D 77960 Seelbach

 

 

Country :

Germany

 

 

Date of Incorporation :

01.02.1984

 

 

Com. Reg. No.:

HRA 391290

 

 

Legal Form :

Sole Proprietorship

 

 

Line of Business :

Wholesale of textiles

 

 

No. of Employees :

08

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Moderate

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 – 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 & address

 

HOLIDAY HEIMTEX JOHANNES WAGNER INH. HEIKO WAGNER e.K.

 

Im Wiesengrund 13

D 77960 Seelbach

Telephone:        07823/96576

Telefax:             07823/96578

Homepage:        www.holiday-heimtex.de

E-mail:              info@holiday-heimtex.de

 

 

CONCLUSION

 

Business relations are permissible.

 

 

Synthesis

 

LEGAL FORM               Sole proprietorship

Date of foundation:         01.02.1984

Registered on:               09.03.1992

Register of

companies:                   Local court 79098 Freiburg

under:                                       HRA 391290

 

 

Proprietor

 

Heiko Herrmann Wagner

D 77960 Seelbach

born: 15.11.1977

 

 

COMPANY HISTORY

 

01.02.1984 - 1990        Johannes Wagner

                          Im Wiesengrund 4

                          D 77960 Seelbach

                          Unregistered commercial enterprise

 1991 - 27.08.2006        Johannes Wagner

                          Im Wiesengrund 13

                          D 77960 Seelbach

                          Sole proprietorship

 28.08.2006 - 02.09.2008  HOLIDAY Johannes Wagner Freizeitartikel

                          & Heimtextilien

                          Im Wiesengrund 13

                          D 77960 Seelbach

                          Sole proprietorship

 

 

BUSINESS ACTIVITIES

 

Sectors

 46410   Wholesale of textiles

 

 

FINANCIAL INFORMATION

 

Payment experience:     within agreed terms

 

Negative information:      We have no negative information at hand.

 

 

REAL ESTATE

 

 Type of ownership:        Tenant

 Address                       Im Wiesengrund 13

                                    D 77960 Seelbach

 

 Land register documents were not available.

 

 

BANKERS

 

 SPARKASSE OFFENBURG/ORTENAU, OFFENBURG

 Sort. code: 66450050, BIC: SOLADES1OFG

 

 

FINANCIAL FIGURES

 

 Financial year:      01.04. - 31.03.

 Turnover:            2009/2010          EUR          3,000,000.00

                      2010/2011          EUR          3,000,000.00

                      2011/2012          EUR          3,000,000.00

 further business figures:

 Employees:                                                      8

 - thereof permanent staff:                                      5

 - Part-time employees:                                          3

 

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.53.46

UK Pound

1

Rs.86.27

Euro

1

Rs.69.40

 

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.