MIRA INFORM REPORT

 

 

Report Date :

10.05.2012

 

IDENTIFICATION DETAILS

 

Name :

MIK GMBH MANAGEMENT INFORMATION KOMMUNIKATION

 

 

Registered Office :

Unterseestrasse 4, Reichenau, 78479

 

 

Country :

Germany

 

 

Financials (as on) :

31.12.2010

 

 

Date of Incorporation :

25.11.2008

 

 

Com. Reg. No.:

703167

 

 

Legal Form :

Private Subsidiary

 

 

Line of Business :

Engaged in publishing of software; and other software consultancy and supply.

 

 

No. of Employees :

40

 

 

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 – September 30, 2011

 

Country Name

Previous Rating

(31.12.2011)

Current Rating

(31.03.2012)

 

 

 

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

Company name and address

 

MIK GmbH Management Information Kommunikation

 

 

 

Unterseestrasse 4

 

 

Reichenau, 78479

Germany

 

Tel:

+49 (0) 7531 98350

Fax:

+49 (0) 7531 983599

 

 

Employees:

40

Company Type:

Private Subsidiary

Corporate Family:

2 Companies

Ultimate Parent:

MIK Verwaltungs GmbH

 

 

Incorporation Date:

25-Nov-2008

 

 

 

 

 

 

 

Fiscal Year End:

31-Dec-2010

Reporting Currency:

Euro

Annual Sales:

NA

Total Assets:

4.3

 

 

 

 

 

 

 

Business Description

 

 

MIK GmbH Management Information Kommunikation is primarily engaged in publishing of software; and other software consultancy and supply

 

Industry

 

 

Industry

Software and Programming

ANZSIC 2006:

5420 - Software Publishing

NACE 2002:

722 - Software consultancy and supply

NAICS 2002:

511210 - Software Publishers

UK SIC 2003:

722 - Software consultancy and supply

US SIC 1987:

7371 - Computer Programming Services

 

 

 

 

Key Executives

 

 

 

Name

Title

 

Michael Moritz

Managing director

 

 

 

Registered No.(DEU)

 

703167

 

Profit & Loss Item Exchange Rate: USD 1 = EUR 0.7550783

Balance Sheet Item Exchange Rate: USD 1 = EUR 0.7454064

 

 

Corporate Overview

 

 

Location
Unterseestrasse 4
Reichenau, 78479
Germany

 

Tel:

+49 (0) 7531 98350

Fax:

+49 (0) 7531 983599

 

 

Sales EUR(mil):

NA

Assets EUR(mil):

3.2

Employees:

40

Fiscal Year End:

31-Dec-2010

 

 

 

Industry:

Software and Programming

Incorporation Date:

25-Nov-2008

Company Type:

Private Subsidiary

Quoted Status:

Not Quoted

Registered No.(DEU):

703167

 

Managing director:

Michael Moritz

 

 

Industry Codes

 

 

 

ANZSIC 2006 Codes:

5420

-

Software Publishing

3499

-

Other Machinery and Equipment Wholesaling Not Elsewhere Classified

7000

-

Computer System Design and Related Services

3232

-

Electrical Services

 

NACE 2002 Codes:

722

-

Software consultancy and supply

4531

-

Installation of electrical wiring and fittings

5187

-

Wholesale of other machinery for use in industry, trade and navigation

7260

-

Other computer related activities

 

NAICS 2002 Codes:

511210

-

Software Publishers

423490

-

Other Professional Equipment and Supplies Merchant Wholesalers

541519

-

Other Computer Related Services

238210

-

Electrical Contractors

 

US SIC 1987:

7371

-

Computer Programming Services

508

-

Machinery, Equipment, and Supplies

7379

-

Computer Related Services, Not Elsewhere Classified

1731

-

Electrical Work

 

UK SIC 2003:

722

-

Software consultancy and supply

4531

-

Installation of electrical wiring and fittings

5187

-

Wholesale of other machinery for use in industry, trade and navigation

7260

-

Other computer related activities

 

 

Business Description

 

 

MIK GmbH Management Information Kommunikation is primarily engaged in publishing of software; and other software consultancy and supply.

 

 

 

 

 

 

Financial Data

 

 

Financials in:

EUR(mil)

 

Assets:

3.2

Current Assets:

3.0

 

Total Liabilities:

3.2

 

Issued Capital:

0.5

 

Net Worth:

1.8

 

 

 

Date of Financial Data:

31-Dec-2010

 

1 Year Growth

NA

 

 

Subsidiaries

 

 

Company

Percentage Owned

Country

MIK Internacional do Brazil Ltda.

 

 

MIK Management Information Kommunikation GmbH

 

 

MIK Polen

 

 

MIK Slovenija d.o.o.

 

 

MIK Spanien

 

 

MIK Südafrika

 

 

MIK Tschechien/Slowakei

 

 

MIK UK Limited

 

 

MIK Italien

 

 

MIK France

 

 

MIK AG Schweiz

 

 

 

 

 

 

 

Key Corporate Relationships

 

 

Bank:

Volksbank Konstanz, Sparkasse Bodensee, Deutsche Bank

 

 

 

 

 

Corporate Structure News:

 

 

 

 

 

 

Company Name

Company Type

Location

Country

Industry

Sales
(USD mil)

Employees

Source

MIK Verwaltungs GmbH

Parent

 

 

 

 

 

 

MIK GmbH Management Information Kommunikation

Subsidiary

Reichenau, Baden-Württemberg

Germany

Software and Programming

 

40

D&B

 


 

 

 

 

Executives Report



 

Executives

 

Name

Title

Function

Source

Michael Moritz

 

Managing director

Managing Director

D&B 

 



 

 

 

Annual Profit & Loss

 

 

 

 

 

 

 

 

31-Dec-2010

31-Dec-2009

31-Dec-2008

Period Length

12 Months

12 Months

12 Months

Filed Currency

EUR

EUR

EUR

Exchange Rate (Period Average)

0.755078

0.719047

0.683679

Consolidated

No

No

No

 

 

 

 

Provisions

0.3

0.7

0.4

 




 

Annual Balance Sheet

Financials in: USD (mil)

 

 

 

 

 

31-Dec-2010

31-Dec-2009

31-Dec-2008

Filed Currency

EUR

EUR

EUR

Exchange Rate

0.745406

0.696986

0.719399

Consolidated

No

No

No

 

 

 

 

Issued capital

0.7

0.7

0.7

Total reserves

0.7

0.8

0.7

Profits for the year

1.1

1.0

0.4

Total stockholders equity

2.4

2.4

1.9

Provisions and allowances

0.3

0.7

0.4

Total current liabilities

1.6

0.6

0.6

Regularisation account

0.0

0.0

0.0

Total liabilities (including net worth)

4.3

3.8

2.9

Intangibles

0.0

0.0

0.0

Total tangible fixed assets

0.2

0.2

0.2

Total financial assets

0.0

0.0

0.0

Total non-current assets

0.3

0.3

0.2

Net stocks and work in progress

0.0

0.1

0.0

Total receivables

0.7

0.7

0.8

Cash and liquid assets

3.1

2.6

1.6

Short-term investments

0.1

0.2

0.2

Total current assets

4.0

3.5

2.6

Prepaid expenses and deferred costs

0.0

0.0

0.0

Total assets

4.3

3.8

2.9




 

 

Annual Ratios

Financials in: USD (mil)

 

 

 

 

 

31-Dec-2010

31-Dec-2009

31-Dec-2008

Period Length

12 Months

12 Months

12 Months

Filed Currency

EUR

EUR

EUR

Exchange Rate

0.745406

0.696986

0.719399

Consolidated

No

No

No

 

 

 

 

Current ratio

25.19

59.03

41.36

Acid test ratio

24.89

58.18

40.60

Total liabilities to net worth

0.07%

0.02%

0.03%

Net worth to total assets

0.06%

0.06%

0.06%

Current liabilities to net worth

0.07%

0.02%

0.03%

Current liabilities to stock

3.38%

1.18%

1.31%

Fixed assets to net worth

0.01%

0.01%

0.01%

Net worth

2.4

2.4

1.9

 

 

 
 

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 :

PDT

 

 

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.