MIRA INFORM REPORT

 

 

Report Date :

25.05.2012

 

IDENTIFICATION DETAILS

 

Name :

QUTOOLS GMBH

 

 

Registered Office :

Gaißacher Str. 18, D 81371 München

 

 

Country :

Germany

 

 

Financials (as on) :

30.09.2010

 

 

Date of Incorporation :

05.01.2005

 

 

Com. Reg. No.:

HRB 155713

 

 

Legal Form :

Private limited company

 

 

Line of Business :

Other software development activities

 

 

No. of Employees :

05

 

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 :

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 – 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

 

qutools GmbH

 

 

Company address

 

Gaißacher Str. 18

D 81371 München

Telephone         089/321649590

Telefax:             089/321649599

Homepage:        www.qutools.com

E-mail:              info@qutools.com

 

 

VAT no

 

DE814275823

 

 

CONCLUSION

 

Business relations are permissible.

 

 

Synthesis

 

LEGAL FORM               Private limited company

Date of foundation:         05.01.2005

Shareholders'

agreement:                    05.01.2005

Registered on:               20.01.2005

Commercial Register:     Local court 80797 München

under:                                       HRB 155713

Share capital:                 EUR             25,000.00

 

 

Shareholder

 

Henning Weier

Agnes-Bernauer-Str. 111

D 80687 München

born: 11.05.1978

Share:             EUR             10,000.00

 

Shareholder:

Christian Kurtsiefer

SGP  Singapore

born: 20.08.1967

Share:             EUR              7,500.00

 

Shareholder:

Prof.Dr. Harald Weinfurter

D 80333 München

born: 14.05.1960

Share:             EUR              7,500.00

 

 

Manager

 

Henning Weier

Agnes-Bernauer-Str. 111

D 80687 München

having sole power of representation

born: 11.05.1978

 

 

COMPANY HISTORY

 

 20.01.2005 - 19.03.2012            qutools GmbH

                          Schellingstr. 4

                          D 80799 München

                          Private limited company

 

 19.03.2012 - 04.04.2012            qutools GmbH

                                                Königinstr. 11a

                                                D 80539 München

                                                Private limited company

 

 

BUSINESS ACTIVITIES

 

Sectors

 62019   Other software development activities

 

 


FINANCIAL INFORMATION

 

Payment experience:     within agreed terms

 

Negative information:      We have no negative information at hand.

 

Balance sheet year:       2009/2010

 

 

REAL ESTATE

 

Type of ownership:         Tenant

Address                        Gaißacher Str. 18

                                    D 81371 München

 

Land register documents were not available.

 

 

BANKERS

 

A bank connection is unknown.

 

 

FINANCIAL FIGURES

 

 Turnover:            2011               EUR            600,000.00

 Equipment:                              EUR             35,000.00

 Ac/ts receivable:                       EUR             54,456.00

 Liabillities:                           EUR             39,708.00

 Employees:                                                      5

 

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

 

 

BALANCE SHEETS

 

 Balance sheet ratios 01.10.2009 - 30.09.2010

 Equity ratio [%]:                 50.60

 Liquidity ratio:                   1.44

 Return on total capital [%]:     -15.23

 

 Balance sheet ratios 01.10.2008 - 30.09.2009

 Equity ratio [%]:                 69.07

 Liquidity ratio:                  10.00

 Return on total capital [%]:      44.53

 

 Balance sheet ratios 01.10.2007 - 30.09.2008

 Equity ratio [%]:                 33.22

 Liquidity ratio:                   1.66

 Return on total capital [%]:      -1.94

 

 Balance sheet ratios 01.10.2006 - 30.09.2007

 Equity ratio [%]:                 67.12

 Liquidity ratio:                  10.00

 Return on total capital [%]:       7.78

 

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.

 

Balance sheet grade

The balance sheet grade is based on the following ratios: equity ratio, liquidity ratio and return on total capital from the balance sheets published in the Federal Gazette.

 

 Type of balance

 sheet:               Company balance sheet

 

 Financial year:      01.10.2009 - 30.09.2010

 

 ASSETS                                  EUR             96,902.88

  Fixed assets                           EUR             24,924.00

   Intangible assets                     EUR              3,207.00

    Other / unspecified intangible assetsEUR              3,207.00

   Tangible assets                       EUR             21,717.00

    Other / unspecified tangible assets  EUR             21,717.00

  Current assets                         EUR             71,978.88

   Stocks                                EUR             15,716.58

   Accounts receivable                   EUR             54,455.59

    Other debtors and assets             EUR             54,455.59

   Liquid means                          EUR              1,806.71

 

 LIABILITIES                             EUR             96,902.88

  Shareholders' equity                   EUR             49,821.05

   Capital                               EUR             25,000.00

    Subscribed capital (share capital)   EUR             25,000.00

   Balance sheet profit/loss (+/-)       EUR             24,821.05

    Profit / loss brought forward        EUR             39,335.10

    Annual surplus / annual deficit      EUR            -14,514.05

  Provisions                             EUR              7,374.24

  Liabilities                            EUR             39,707.59

   Other liabilities                     EUR             39,707.59

    Unspecified other liabilities        EUR             39,707.59

 

 Type of balance

 sheet:               Company balance sheet

 

 Financial year:      01.10.2008 - 30.09.2009

 

 ASSETS                                  EUR             92,872.89

  Fixed assets                           EUR             24,832.00

   Intangible assets                     EUR              1,195.00

   Tangible assets                       EUR             23,637.00

  Current assets                         EUR             68,040.89

   Stocks                                EUR             19,605.66

   Accounts receivable                   EUR              5,188.06

   Liquid means                          EUR             43,247.17

 

 LIABILITIES                             EUR             92,872.89

  Shareholders' equity                   EUR             64,335.10

   Capital                               EUR             25,000.00

    Subscribed capital (share capital)   EUR             25,000.00

   Balance sheet profit/loss (+/-)       EUR             39,335.10

    Profit / loss brought forward        EUR             -1,755.76

    Annual surplus / annual deficit      EUR             41,090.86

  Provisions                             EUR             20,981.64

  Liabilities                            EUR              7,556.15


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.56.29

UK Pound

1

Rs.88.26

Euro

1

Rs.70.82

 

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.