MIRA INFORM REPORT

 

 

Report Date :

15.05.2012

 

IDENTIFICATION DETAILS

 

Name :

PÖTTER HEIMTEXTILIEN GMBH

 

 

Registered Office :

Joseph-Monier-Str. 1  D 48268 Greven

 

 

Country :

Germany

 

 

Financials (as on) :

31.12.2010

 

 

Date of Incorporation :

10.11.1993

 

 

Com. Reg. No.:

HRB 4284

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Manufacture of made-up textiles (except apparel)

 

 

No. of Employees :

25

 

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 and address

 

Pötter Heimtextilien GmbH

 

Company Status:      active

Joseph-Monier-Str. 1

D 48268 Greven

Telephone:02575/971700

Telefax:  02572/9717038

Homepage: www.poetter-heimtextilien.de

E-mail:   info@poetter-heimtextilien.de

 

 

VAT no.          

 

 DE811565845

 

 

Registration data

 

LEGAL FORM               Private limited company

Date of foundation:         10.11.1993

Shareholders'

agreement:                    10.11.1993

Registered on:                29.11.1993

Commercial Register:     Local court 48565 Steinfurt

under:                                       HRB 4284

 

 

Share capital               

 

EUR             52,000.00

 

 

Shareholder

 

Christoph Pötter

Dornenkamp 14

D 48282 Emsdetten

born: 05.01.1960 in Emsdetten

Share:             EUR             52,000.00

 

Manager:

Christoph Pötter

Dornenkamp 14

D 48282 Emsdetten

having sole power of representation

born: 05.01.1960 in Emsdetten

Profession: Textile engineer

Marital status: married

 

Manager:

Cornelia Pötter

Dornenkamp 14

D 48282 Emsdetten

having sole power of representation

born: 16.06.1963

Profession: Businessman

Marital status: married

 

 

Further functions/participations of Christoph Pötter

(Manager)

 

Limited partner:

Pötter Grundbesitz GmbH & Co. KG

Föhrendamm 50

D 48282 Emsdetten

Legal form: Ltd partnership with priv. ltd.

company as general partner

Total cap.         EUR            160,000.00

contribution:

Share:             EUR             40,000.00

Registered

on:         28.06.2004

Reg. data:  48565 Steinfurt, HRA 4443

 

Shareholder:

Ems fashion Heimtextilien GmbH

Joseph-Monier-Str. 1

D 48268 Greven

Legal form: Private limited company

Share capital:     EUR             25,564.60

Share:             EUR             12,782.30

Registered

on:         21.03.1997

Reg. data:  48565 Steinfurt, HRB 4449

 

Shareholder:

Pötter Grundbesitz Verwaltungs-GmbH

Föhrendamm 50

D 48282 Emsdetten

Legal form: Private limited company

Share capital:     EUR             25,000.00

Share:             EUR             12,500.00

Registered

on:         22.07.2004

Reg. data:  48565 Steinfurt, HRB 6108

 

Shareholder:

Ventura Textiles Ltd.

Joseph-Monier-Str. 1

D 48268 Greven

Legal form: Other legal form

Share:             INR              5,000.00

Reg. data:  48565 Steinfurt,

 

Manager:

Ventura Textiles Ltd.

Joseph-Monier-Str. 1

D 48268 Greven

Legal form: Other legal form

Reg. data:  48565 Steinfurt,

 

Manager:

Ems fashion Heimtextilien GmbH

Joseph-Monier-Str. 1

D 48268 Greven

Legal form: Private limited company

Share capital:     EUR             25,564.60

Registered

on:         21.03.1997

Reg. data:  48565 Steinfurt, HRB 4449

 

Manager:

Pötter Grundbesitz Verwaltungs-GmbH

Föhrendamm 50

D 48282 Emsdetten

Legal form: Private limited company

Share capital:     EUR             25,000.00

Registered

on:         22.07.2004

Reg. data:  48565 Steinfurt, HRB 6108

 

 

Further functions/participations of Cornelia Pötter

(Manager)

 

Shareholder:

Ems fashion Heimtextilien GmbH

Joseph-Monier-Str. 1

D 48268 Greven

Legal form: Private limited company

Share capital:     EUR             25,564.60

Share:             EUR             12,782.30

Registered

on:         21.03.1997

Reg. data:  48565 Steinfurt, HRB 4449

 

Proxy:

Ems fashion Heimtextilien GmbH

Joseph-Monier-Str. 1

D 48268 Greven

Legal form: Private limited company

Share capital:     EUR             25,564.60

Registered

on:         21.03.1997

Reg. data:  48565 Steinfurt, HRB 4449

 

 

BUSINESS ACTIVITIES

 

Sectors

13920   Manufacture of made-up textiles (except apparel)

46410   Wholesale of textiles

 

FINANCIAL INFORMATION

 

Payment experience:  within agreed terms

 

Negative information:We have no negative information at hand.

 

Balance sheet year:  2010

 

 

REAL ESTATE

 

Type of ownership:   Tenant

Address              Joseph-Monier-Str. 1

                     D 48268 Greven

 

Real Estate of:      Christoph Pötter

Type of ownership:   proprietor

Share:                100.00 %

Address              Dornenkamp 14

                     D 48282 Emsdetten

 

Land register documents were not available.

BANKERS

 

VERBUNDSPARKASSE EMSDETTEN OCHTRUP, EMSDETTEN

Sort. code: 40153768, Account no.: 178293, BIC: WELADED1EMS

VOLKSBANK NORDMÜNSTERLAND, EMSDETTEN

Sort. code: 40163720, BIC: GENODEM1SEE

 

 

FINANCIAL FIGURES

 

Gross profit or loss:2010               EUR          2,600,349.00

                     2011               EUR          2,600,000.00

Profit:              2010               EUR           -366,806.00

further business figures:

Equipment:                              EUR            107,773.00

Ac/ts receivable:                       EUR          3,422,996.00

Liabillities:                           EUR          4,785,396.00

Total numbers of vehicles:                                      2

- Passenger cars:                                               1

Employees:                                                     25

 

 

BALANCE SHEETS

 

Balance sheet ratios 01.01.2010 - 31.12.2010

Equity ratio [%]:                 21.70

Liquidity ratio:                   0.76

Return on total capital [%]:      -5.95

 

Balance sheet ratios 01.01.2009 - 31.12.2009

Equity ratio [%]:                 24.79

Liquidity ratio:                   0.71

Return on total capital [%]:       2.34

 

Balance sheet ratios 01.01.2008 - 31.12.2008

Equity ratio [%]:                 22.53

Liquidity ratio:                   0.73

Return on total capital [%]:       0.98

 

Balance sheet ratios 01.01.2007 - 31.12.2007

Equity ratio [%]:                 23.49

Liquidity ratio:                   0.72

Return on total capital [%]:       1.76

 

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          6,173,027.57

 Fixed assets                           EUR            367,849.00

  Intangible assets                     EUR             10,195.00

   Other / unspecified intangible assetsEUR             10,195.00

  Tangible assets                       EUR            357,354.00

   Land / similar rights                EUR            249,581.00

   Other tangible assets / fixtures and

   fittings                             EUR            107,773.00

  Financial assets                      EUR                300.00

   Shares in participations /

   subsidiaries and the like            EUR                300.00

    Shares in related companies         EUR                300.00

 Current assets                         EUR          5,773,316.20

  Stocks                                EUR          2,072,688.00

  Accounts receivable                   EUR          3,422,995.71

   Amounts due from related companies   EUR            263,745.18

   Other debtors and assets             EUR          3,159,250.53

  Liquid means                          EUR            277,632.49

 Remaining other assets                 EUR             31,862.37

  Accruals (assets)                     EUR             31,862.37

 

LIABILITIES                             EUR          6,173,027.57

 Shareholders' equity                   EUR          1,343,688.11

  Capital                               EUR             52,000.00

   Subscribed capital (share capital)   EUR             52,000.00

  Balance sheet profit/loss (+/-)       EUR          1,291,688.11

   Profit / loss brought forward        EUR          1,658,493.92

   Annual surplus / annual deficit      EUR           -366,805.81

 Provisions                             EUR             43,943.88

 Liabilities                            EUR          4,785,395.58

  Financial debts                       EUR          3,628,471.62

   Liabilities due to banks             EUR          3,628,471.62

  Other liabilities                     EUR          1,156,923.96

   Liabililties due to related companiesEUR            270,000.00

   Unspecified other liabilities        EUR            886,923.96

 

PROFIT AND LOSS ACCOUNT (cost-summary method) according to Comm.

Code (HGB)

 Gross result (+/-)                     EUR          2,600,348.89

 Staff expenses                         EUR            897,041.58

  Wages and salaries                    EUR            767,819.10

  Social security contributions and

  expenses for pension plans and

  benefits                              EUR            129,222.48

 Total depreciation                     EUR             53,881.14

  Depreciation on tangible / intangible

  asssets (incl. start-up and exp. of

  bus.                                  EUR             53,881.14

 Other operating expenses               EUR          1,743,447.76

 Operating result from continuing

 operations                             EUR            -94,021.59

 Interest result (+/-)                  EUR           -298,911.07

  Interest and similar income           EUR             10,834.98

  Interest and similar expenses         EUR            309,746.05

 Financial result (+/-)                 EUR           -298,911.07

 Result from ordinary operations (+/-)  EUR           -392,932.66

 Income tax / refund of income tax (+/-)EUR             32,441.07

 Other taxes / refund of taxes          EUR             -6,314.22

 Tax (+/-)                              EUR             26,126.85

 Annual surplus / annual deficit        EUR           -366,805.81

 

Type of balance

sheet:               Company balance sheet

 

Financial year:      01.01.2009 - 31.12.2009

 

ASSETS                                  EUR          6,897,822.22

 Fixed assets                           EUR            347,195.47

  Intangible assets                     EUR              2,205.00

   Other / unspecified intangible assetsEUR              2,205.00

  Tangible assets                       EUR            344,690.47

   Land / similar rights                EUR            103,757.00

   Other tangible assets / fixtures and

   fittings                             EUR             98,930.00

   Advance payments made / construction

   in progress                          EUR            142,003.47

  Financial assets                      EUR                300.00

   Shares in participations /

   subsidiaries and the like            EUR                300.00

    Shares in related companies         EUR                300.00

 Current assets                         EUR          6,508,283.28

  Stocks                                EUR          2,968,794.07

  Accounts receivable                   EUR          3,537,049.08

   Amounts due from related companies   EUR            376,396.50

   Other debtors and assets             EUR          3,160,652.58

  Liquid means                          EUR              2,440.13

 Remaining other assets                 EUR             42,343.47

  Accruals (assets)                     EUR             42,343.47

 

LIABILITIES                             EUR          6,897,822.22

 Shareholders' equity                   EUR          1,710,493.92

  Capital                               EUR             52,000.00

   Subscribed capital (share capital)   EUR             52,000.00

  Balance sheet profit/loss (+/-)       EUR          1,658,493.92

   Profit / loss brought forward        EUR          1,497,217.08

   Annual surplus / annual deficit      EUR            161,276.84

 Provisions                             EUR            214,458.32

 Liabilities                            EUR          4,972,869.98

  Financial debts                       EUR          3,775,044.30

   Liabilities due to banks             EUR          3,775,044.30

  Other liabilities                     EUR          1,197,825.68

   Liabililties due to related companiesEUR            285,000.00

   Unspecified other liabilities        EUR            912,825.68

 

PROFIT AND LOSS ACCOUNT (cost-summary method) according to Comm.

Code (HGB)

 Gross result (+/-)                     EUR          3,270,517.24

 Staff expenses                         EUR            973,797.83

  Wages and salaries                    EUR            839,556.90

  Social security contributions and

  expenses for pension plans and

  benefits                              EUR            134,240.93

 Total depreciation                     EUR             40,335.77

  Depreciation on tangible / intangible

  asssets (incl. start-up and exp. of

  bus.                                  EUR             40,335.77

 Other operating expenses               EUR          1,718,376.36

 Operating result from continuing

 operations                             EUR            538,007.28

 Interest result (+/-)                  EUR           -293,895.02

  Interest and similar income           EUR              9,179.61

  Interest and similar expenses         EUR            303,074.63

 Financial result (+/-)                 EUR           -293,895.02

 Result from ordinary operations (+/-)  EUR            244,112.26

 Income tax / refund of income tax (+/-)EUR            -77,425.46

 Other taxes / refund of taxes          EUR             -5,409.96

 Tax (+/-)                              EUR            -82,835.42

 Annual surplus / annual deficit        EUR            161,276.84

 

 


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.53.71

UK Pound

1

Rs.86.34

Euro

1

Rs.69.22

 

 

INFORMATION DETAILS

 

Report Prepared by :

PRL

 

 

 

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.