MIRA INFORM REPORT

 

 

Report Date :

10.05.2013

 

IDENTIFICATION DETAILS

 

Name :

HOME24 GMBH

 

 

Formerly Known As :

FP COMMERCE GMBH

 

 

Registered Office :

Greifswalder Str. 212/213, D 10405 Berlin

 

 

Country :

Germany

 

 

Financials (as on) :

31.12.2011

 

 

Date of Incorporation :

08.04.2009

 

 

Com. Reg. No.:

HRB 119267 B

 

 

Legal Form :

Private limited company

 

 

Line of Business :

Retail sale of home furniture

 

 

No. of Employees :

150

 

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 :

Slow but correct

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, 2013

 

Country Name

Previous Rating

(31.12.2012)

Current Rating

(31.03.2013)

 Germany

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 


 

GERMANY - ECONOMIC OVERVIEW

 

The German economy - the fifth largest economy in the world in PPP terms and Europe's largest - is a leading exporter of machinery, vehicles, chemicals, and household equipment and benefits from a highly skilled labor force. Like its Western European neighbors, Germany faces significant demographic challenges to sustained long-term growth. Low fertility rates and declining net immigration are increasing pressure on the country's social welfare system and necessitate structural reforms. Reforms launched by the government of Chancellor Gerhard SCHROEDER (1998-2005), deemed necessary to address chronically high unemployment and low average growth, contributed to strong growth in 2006 and 2007 and falling unemployment. These advances, as well as a government subsidized, reduced working hour scheme, help explain the relatively modest increase in unemployment during the 2008-09 recession - the deepest since World War II - and its decrease to 6.5% in 2012. GDP contracted 5.1% in 2009 but grew by 4.2% in 2010, and 3.0% in 2011, before dipping to 0.7% in 2012 - a reflection of low investment spending due to crisis-induced uncertainty and the decreased demand for German exports from recession-stricken periphery countries. Stimulus and stabilization efforts initiated in 2008 and 2009 and tax cuts introduced in Chancellor Angela MERKEL's second term increased Germany's total budget deficit - including federal, state, and municipal - to 4.1% in 2010, but slower spending and higher tax revenues reduced the deficit to 0.8% in 2011. In 2012 Germany reached a budget surplus of 0.1%. A constitutional amendment approved in 2009 limits the federal government to structural deficits of no more than 0.35% of GDP per annum as of 2016 though the target was already reached in 2012. By 2014, the federal government wants to balance its budget. Following the March 2011 Fukushima nuclear disaster, Chancellor Angela Merkel announced in May 2011 that eight of the country's 17 nuclear reactors would be shut down immediately and the remaining plants would close by 2022. Germany hopes to replace nuclear power with renewable energy. Before the shutdown of the eight reactors, Germany relied on nuclear power for 23% of its electricity generating capacity and 46% of its base-load electricity production.

Source : CIA

 

 


 

COMPANY NAME & ADDRESS

 

HOME24 GMBH

 

 Company Status:          active

                                    Greifswalder Str. 212/213

                                    D 10405 Berlin

                                    Telephone:030/609880050

                                    Telefax:  030/609880063

                                     Homepage: www.home24.de

                                     E-mail:   kundenservice@home24.de

 

 VAT no. 

   

  DE266182271

 

Tax ID number  

 

37/125/21628

 

CONCLUSION

 

 Business relations are permissible.

 

Company Status

 

 LEGAL FORM              Private limited company

 Date of foundation:        08.04.2009

 Shareholders'

 agreement:                   08.04.2009

 Registered on:              20.04.2009

 Commercial Register:   Local court 14057 Berlin

 under:                          HRB 119267 B

 

Share capital   

              

EUR            271,722.00

 

Shareholder

 

                      Rocket Internet GmbH

                      Johannisstr. 20

                      D 10117 Berlin

                      Legal form: Private limited company

                      Share capital:     EUR            103,386.00

                      Share:             EUR            137,788.00

                      Registered on: 04.09.2007

                      Reg. data: 14057 Berlin, HRB 109262 B

 Shareholder:

                      Kinnevik Online Ventures AB

                      Skeppsbron 18

                      S 10313 Stockholm

                      Legal form: Other legal form

                      Share:             EUR             64,854.00

 Shareholder:

                      Zimmermann Investment GmbH & Co. KG

                      Eicken 1

                      D 58791 Werdohl

                      Legal form: Ltd partnership with priv. ltd.

                      company as general partner

                      Total cap.         EUR            100,000.00

                      contribution:

                      Share:             EUR             15,481.00

                      Registered on: 14.09.1990

                      Reg. data: 58636 Iserlohn, HRA 3321

 Shareholder:

                      Holtzbrinck Ventures NM GmbH & Co. KG

                      Kaiserstr. 14b

                      D 80801 München

                      Legal form: Ltd partnership with priv. ltd.

                      company as general partner

                      Total cap.         EUR                100.00

                      contribution:

                      Share:             EUR             15,481.00

                      Registered on: 17.12.2010

                      Reg. data: 80333 München, HRA 96502

 Shareholder:

                      Felix Jahn

                      Monbijouplatz 3b

                      D 10178 Berlin

                      born: 06.04.1982

                      Share:             EUR             12,164.00

 Shareholder:

                      Dr. Philipp Kreibohm

                      Marthashof 4

                      D 10435 Berlin

                      born: 28.05.1976

                      Share:             EUR             11,900.00

 Shareholder:

                      J.P. Morgan Digital Growth Fund L.P. c/o

                      J.P. Morgan Investment Management Inc.

                      270 Park Avenue - 25th Floor

                      USA 10117 New York

                      Legal form: Other legal form

                      Share:             EUR              4,345.00

 Shareholder:

                      Bambino 53. V V UG (haftungsbeschränkt)

                      Johannisstr. 20

                      D 10117 Berlin

                      Legal form: Entrepreneur Company (limited

                      liability)

                      Share capital:     EUR                500.00

                      Share:             EUR              3,864.00

                      Registered on: 25.05.2010

                      Reg. data: 14057 Berlin, HRB 126893 B

 Shareholder:

                      HV Holtzbrinck Ventures Fund IV LP

                      St. Helier

                      GB - Channel Islands, Jersey

                      Legal form: Other legal form

                      Share:             EUR              1,545.00

 Shareholder:

                      Venezia Ventures GmbH

                      Monbijouplatz 3a c/o Domenico

                      Cipolla

                      D 10178 Berlin

                      Legal form: Private limited company

                      Share capital:     EUR             25,000.00

                      Share:             EUR              1,333.00

                      Registered on: 08.08.2011

                      Reg. data: 14057 Berlin, HRB 135878 B

 Shareholder:

                      Home24 GmbH

                      Greifswalder Str. 212/213

                      D 10405 Berlin

                      Legal form: Private limited company

                      Share capital:     EUR            271,722.00

                      Share:             EUR                443.00

                      Registered on: 20.04.2009

                      Reg. data: 14057 Berlin, HRB 119267 B

 Shareholder:

                      JP Morgan European Direct Corporate Finance

                      Institutional Investors IV LLC c/o J.P.

                      Morgan Investment Management Inc.

                      270 Park Avenue-25 th Floor

                      USA 10117 New York

                      Legal form: Other legal form

                      Share:             EUR                417.00

 Shareholder:

                      Pantabona Invest UG (haftungsbeschränkt)

                      Torstr. 125

                      D 10119 Berlin

                      Legal form: Entrepreneur Company (limited

                      liability)

                      Share capital:     EUR                  1.00

                      Share:             EUR                404.00

                      Registered on: 08.12.2010

                      Reg. data: 14057 Berlin, HRB 130847 B

 Shareholder:

                      Florian Heinemann Beratung & Beteiligung

                      GmbH

                      Marthashof 7

                      D 10435 Berlin

                      Legal form: Private limited company

                      Share capital:     EUR             25,000.00

                      Share:             EUR                332.00

                      Registered on: 31.10.2011

                      Reg. data: 14057 Berlin, HRB 137588 B

 Shareholder:

                      JP Morgan Direct Venture Capital

                      Institutional Investors IV LLC c/o J.P.

                      Morgan Investment Management Inc.

                      270 Park Avenue-25th Floor

                      USA 10117 New York

                      Legal form: Other legal form

                      Share:             EUR                278.00

 Shareholder:

                      Andre Alpar

                      D 60308 Frankfurt

                      born: 30.01.1976

                      Share:             EUR                250.00

 Shareholder:

                      Khalil Enterprises Limited

                      69 Great Hampton Street

                      GB - Birmingham

                      Legal form: Other legal form

                      Share:             EUR                250.00

 Shareholder:

                      Brosseder Ventures Limited

                      69 Great Hampton Street

                      GB - Birmingham

                      Legal form: Other legal form

                      Share:             EUR                250.00

 Shareholder:

                      Webgenau GmbH

                      Dietzgenstr. 90a

                      D 13156 Berlin

                      Legal form: Private limited company

                      Share capital:     EUR             25,000.00

                      Share:             EUR                250.00

                      Registered on: 21.01.2008

                      Reg. data: 14057 Berlin, HRB 111364 B

 Shareholder:

                      522. Fifth Avenue Fund L.P. c/o J.P. Morgan

                      Investment Management Inc.

                      270 Park Avenue - 25 th Floor

                      USA 10117 New York

                      Legal form: Other legal form

                      Share:             EUR                 64.00

 Shareholder:

                      JP Morgan European Corporate Finance

                      Institutional Offshore Investors IV L.P. c/o

                      J.P.Morgan Investment Management Inc.

                      270 Park Avenue-25th Floor

                      USA 10117 New York

                      Legal form: Other legal form

                      Share:             EUR                 17.00

 Shareholder:

                      JP Morgan Venture Capital Institutional

                      Offshore Investors IV L.P. c/o J.P. Morgan

                      Investment Management Inc.

                      270 Park Avenue-25th Floor

                      USA 10117 New York

                      Legal form: Other legal form

                      Share:             EUR                 12.00

 Manager:

                      Felix Jahn

                      Monbijouplatz 3b

                      D 10178 Berlin

                      having sole power of representation

                      born: 06.04.1982

                      Profession: Businessman

                      Marital status: unknown

 Manager:

                      Dr. Philipp Kreibohm

                      Marthashof 4

                      D 10435 Berlin

                      authorized to jointly represent the company

                      born: 28.05.1976

                      Profession: graduate engineer

                      Marital status: unknown

 Manager:

                      Domenico Cipolla

                      Monbijouplatz 3a

                      D 10178 Berlin

                      born: 28.12.1979

                      Marital status: unknown

 

 Further functions/participations of Felix Jahn (Manager)

 Shareholder:

                      Find Konzept GmbH

                      Richard-Sorge-Str. 53

                      D 10249 Berlin

                      Legal form: Private limited company in

                                  liquidation

                      Share capital:     EUR             25,000.00

                      Share:             EUR                500.00

                      Registered

                      on:         30.07.2010

                      Reg. data:  14057 Berlin, HRB 128220 B

 Shareholder:

                      Affinitas GmbH

                      Kohlfurter Str. 41 /43

                      D 10999 Berlin

                      Legal form: Private limited company

                      Share capital:     EUR             53,328.00

                      Share:             EUR                249.00

                      Registered

                      on:         28.10.2008

                      Reg. data:  14057 Berlin, HRB 115958 B

 Shareholder:

                      R2 International Internet GmbH

                      Saarbrücker Str. 20-21

                      D 10405 Berlin

                      Legal form: Private limited company

                      Share capital:     EUR             39,091.00

                      Share:             EUR                247.00

                      Registered

                      on:         18.08.2008

                      Reg. data:  14057 Berlin, HRB 115011 B

 Shareholder:

                      Kreer Verwaltungs GmbH

                      Mühlstr. 25

                      D 67659 Kaiserslautern

                      Legal form: Private limited company

                      Share capital:     EUR             25,000.00

                      Share:             EUR                200.00

                      Registered

                      on:         10.03.2009

                      Reg. data:  67655 Kaiserslautern, HRB 30631

 Shareholder:

                      Tuningsuche GmbH

                      Vogesenstr. 19

                      D 78549 Spaichingen

                      Legal form: Private limited company

                      Share capital:     EUR             25,000.00

                      Share:             EUR                200.00

                      Registered

                      on:         21.12.2007

                      Reg. data:  70190 Stuttgart, HRB 724958

 Shareholder:

                      Besser Betreut GmbH

                      Rotherstr. 9

                      D 10245 Berlin

                      Legal form: Private limited company

                      Share capital:     EUR             38,981.00

                      Share:             EUR                192.00

                      Registered

                      on:         23.11.2007

                      Reg. data:  14057 Berlin, HRB 110588 B

 Shareholder:

                      Affinitas Phantom Share GmbH

                      Kohlfurter Str. 41/43

                      D 10999 Berlin

                      Legal form: Private limited company

                      Share capital:     EUR             25,000.00

                      Share:             EUR                150.00

                      Registered

                      on:         29.03.2012

                      Reg. data:  14057 Berlin, HRB 140967 B

 Shareholder:

                      esanum GmbH

                      Heinrich-Mann-Str. 16

                      D 13156 Berlin

                      Legal form: Private limited company

                      Share capital:     EUR            116,850.00

                      Share:             EUR                127.00

                      Registered

                      on:         30.03.2007

                      Reg. data:  14057 Berlin, HRB 106779 B

 

 Further functions/participations of Dr. Philipp Kreibohm

 (Manager)

 Shareholder:

                      PK Projects GmbH

                      Gipsstr. 14

                      D 10119 Berlin

                      Legal form: Private limited company

                      Share capital:     EUR             25,000.00

                      Share:             EUR             25,000.00

                      Registered

                      on:         05.01.2009

                      Reg. data:  14057 Berlin, HRB 117075 B

 Shareholder:

                      Plinga GmbH

                      Saarbrücker Str. 20/21

                      D 10405 Berlin

                      Legal form: Private limited company

                      Share capital:     EUR             54,725.00

                      Share:             EUR              1,875.00

                      Registered

                      on:         03.06.2009

                      Reg. data:  14057 Berlin, HRB 119994 B

 Shareholder:

                      esanum GmbH

                      Heinrich-Mann-Str. 16

                      D 13156 Berlin

                      Legal form: Private limited company

                      Share capital:     EUR            116,850.00

                      Share:             EUR                254.00

                      Registered

                      on:         30.03.2007

                      Reg. data:  14057 Berlin, HRB 106779 B

 Shareholder:

                      Affinitas GmbH

                      Kohlfurter Str. 41 /43

                      D 10999 Berlin

                      Legal form: Private limited company

                      Share capital:     EUR             53,328.00

                      Share:             EUR                249.00

                      Registered

                      on:         28.10.2008

                      Reg. data:  14057 Berlin, HRB 115958 B

 Shareholder:

                      R2 International Internet GmbH

                      Saarbrücker Str. 20-21

                      D 10405 Berlin

                      Legal form: Private limited company

                      Share capital:     EUR             39,091.00

                      Share:             EUR                247.00

                      Registered

                      on:         18.08.2008

                      Reg. data:  14057 Berlin, HRB 115011 B

 Shareholder:

                      Kreer Verwaltungs GmbH

                      Mühlstr. 25

                      D 67659 Kaiserslautern

                      Legal form: Private limited company

                      Share capital:     EUR             25,000.00

                      Share:             EUR                200.00

                      Registered

                      on:         10.03.2009

                      Reg. data:  67655 Kaiserslautern, HRB 30631

 Shareholder:

                      Tuningsuche GmbH

                      Vogesenstr. 19

                      D 78549 Spaichingen

                      Legal form: Private limited company

                      Share capital:     EUR             25,000.00

                      Share:             EUR                200.00

                      Registered

                      on:         21.12.2007

                      Reg. data:  70190 Stuttgart, HRB 724958

 Shareholder:

                      Besser Betreut GmbH

                      Rotherstr. 9

                      D 10245 Berlin

                      Legal form: Private limited company

                      Share capital:     EUR             38,981.00

                      Share:             EUR                192.00

                      Registered

                      on:         23.11.2007

                      Reg. data:  14057 Berlin, HRB 110588 B

 Shareholder:

                      Affinitas Phantom Share GmbH

                      Kohlfurter Str. 41/43

                      D 10999 Berlin

                      Legal form: Private limited company

                      Share capital:     EUR             25,000.00

                      Share:             EUR                150.00

                      Registered

                      on:         29.03.2012

                      Reg. data:  14057 Berlin, HRB 140967 B

 Shareholder:

                      Koç Bertermann GmbH

                      Karl-Liebknecht-Str. 34

                      D 10178 Berlin

                      Legal form: Private limited company

                      Share capital:     EUR             30,877.00

                      Share:             EUR                 64.00

                      Registered

                      on:         08.08.2012

                      Reg. data:  14057 Berlin, HRB 143662 B

 Manager:

                      PK Projects GmbH

                      Gipsstr. 14

                      D 10119 Berlin

                      Legal form: Private limited company

                      Share capital:     EUR             25,000.00

                      Registered

                      on:         05.01.2009

                      Reg. data:  14057 Berlin, HRB 117075 B

 

 Further functions/participations of Domenico Cipolla (Manager)

 Shareholder:

                      Venezia Ventures GmbH

                      Monbijouplatz 3a c/o Domenico

                      Cipolla

                      D 10178 Berlin

                      Legal form: Private limited company

                      Share capital:     EUR             25,000.00

                      Share:             EUR             25,000.00

                      Registered

                      on:         08.08.2011

                      Reg. data:  14057 Berlin, HRB 135878 B

 Manager:

                      Venezia Ventures GmbH

                      Monbijouplatz 3a c/o Domenico

                      Cipolla

                      D 10178 Berlin

                      Legal form: Private limited company

                      Share capital:     EUR             25,000.00

                      Registered

                      on:         08.08.2011

                      Reg. data:  14057 Berlin, HRB 135878 B

 

 COMPANY HISTORY

 

 20.04.2009 - 22.07.2009            Jade 909. GmbH

                                                Friedrichstr. 133

                                                D 10117 Berlin

                                                            Private limited company

 23.07.2009 - 12.05.2011            FP Commerce GmbH

                                                Saarbrücker Str. 20-21

                                                D 10405 Berlin

                                                             Private limited company

 13.05.2011 - 30.03.2012            FP Commerce GmbH

                                                Zinnowitzer Str. 1

                                                D 10115 Berlin

                                                Private limited company

 31.03.2012 - 02.08.2012            FP Commerce GmbH

                                                Greifswalder Str. 212/213

                                                D 10405 Berlin

                                                Private limited company

 

 BUSINESS ACTIVITIES

 

 Main industrial sector

 47591   Retail sale of home furniture

 4791    Retail sale via mail-order houses or Internet

 6209    Other information technology service activities

 6312    Web portals

 

 PARTICIPATIONS

 

 Limited partner:

                      Home24 eCommerce GmbH & Co. KG

                      Greifswalder Str. 212 /213

                      D 10405 Berlin

                      Legal form: Ltd partnership with priv. ltd.

                                  company as general partner

                      Company Status: active

                      Total cap.         EUR                100.00

                      contribution:

                      Share:             EUR                100.00

                      Reg. data:  21.08.2012

                                  Local court 14057 Berlin

                                  HRA 47182 B

 Limited partner:

                      Home24 eCustomers GmbH & Co. KG

                      Greifswalder Str. 212/213

                      D 10405 Berlin

                      Legal form: Ltd partnership with priv. ltd.

                                  company as general partner

                      Company Status: active

                      Total cap.         EUR                100.00

                      contribution:

                      Share:             EUR                100.00

                      Reg. data:  22.08.2012

                                  Local court 14057 Berlin

                                  HRA 47186 B

 Limited partner:

                      Home24 eLogistics GmbH & Co. KG

                      Greifswalder Str. 212/213

                      D 10405 Berlin

                      Legal form: Ltd partnership with priv. ltd.

                                  company as general partner

                      Company Status: active

                      Total cap.         EUR                100.00

                      contribution:

                      Share:             EUR                100.00

                      Reg. data:  22.08.2012

                                  Local court 14057 Berlin

                                  HRA 47187 B

 Limited partner:

                      Home24 eServices GmbH & Co. KG

                      Greifswalder Str. 212/213

                      D 10405 Berlin

                      Legal form: Ltd partnership with priv. ltd.

                                  company as general partner

                      Company Status: active

                      Total cap.         EUR                100.00

                      contribution:

                      Share:             EUR                100.00

                      Reg. data:  09.10.2012

                                  Local court 14057 Berlin

                                  HRA 47363 B

 Shareholder:

                      SPV-4 Furniture Services GmbH

                      Greifswalder Str. 212-213

                      D 10405 Berlin

                      Legal form: Private limited company

                      Company Status: active

                      Share capital:     EUR             40,915.00

                      Share:             EUR             40,915.00

                      Reg. data:  22.11.2011

                                  Local court 14057 Berlin

                                  HRB 138042 B

 Shareholder:

                      Jade 1224. GmbH

                      Greifswalder Str. 212-213

                      D 10405 Berlin

                      Legal form: Private limited company

                      Company Status: active

                      Share capital:     EUR             36,316.00

                      Share:             EUR             36,316.00

                      Reg. data:  21.06.2011

                                  Local court 14057 Berlin

                                  HRB 134845 B

 Shareholder:

                      Brillant 1262. GmbH

                      Johannisstr. 20

                      D 10117 Berlin

                      Legal form: Private limited company

                      Company Status: active

                      Share capital:     EUR             35,017.00

                      Share:             EUR             35,017.00

                      Reg. data:  25.07.2011

                                  Local court 14057 Berlin

                                  HRB 135618 B

 Shareholder:

                      SPV-6 Furniture Services GmbH

                      Greifswalder Str. 212-213

                      D 10405 Berlin

                      Legal form: Private limited company

                      Company Status: active

                      Share capital:     EUR             35,017.00

                      Share:             EUR             35,017.00

                      Reg. data:  07.07.2011

                                  Local court 14057 Berlin

                                  HRB 135244 B

 Shareholder:

                      SPV-3 Furniture Services GmbH

                      Greifswalder Str. 212-213

                      D 10405 Berlin

                      Legal form: Private limited company

                      Company Status: active

                      Share capital:     EUR             34,757.00

                      Share:             EUR             34,757.00

                      Reg. data:  16.09.2011

                                  Local court 14057 Berlin

                                  HRB 136732 B

 Shareholder:

                      SPV-7 Furniture Services GmbH

                      Greifswalder Str. 212-213

                      D 10405 Berlin

                      Legal form: Private limited company

                      Company Status: active

                      Share capital:     EUR             34,757.00

                      Share:             EUR             34,757.00

                      Reg. data:  04.08.2011

                                  Local court 14057 Berlin

                                  HRB 135850 B

 Shareholder:

                      Jade 1216. GmbH

                      Greifswalder Str. 212-213

                      D 10405 Berlin

                      Legal form: Private limited company

                      Company Status: active

                      Share capital:     EUR             39,744.00

                      Share:             EUR             33,693.00

                      Reg. data:  06.06.2011

                                  Local court 14057 Berlin

                                  HRB 134567 B

 Shareholder:

                      SPV-8 Furniture Services GmbH

                      Greifswalder Str. 212-213

                      D 10405 Berlin

                      Legal form: Private limited company

                      Company Status: active

                      Share capital:     EUR             25,500.00

                      Share:             EUR             25,500.00

                      Reg. data:  12.03.2012

                                  Local court 14057 Berlin

                                  HRB 140598 B

 Shareholder:

                      Home24 eTrading GmbH

                      Greifswalder Str. 212 /213

                      D 10405 Berlin

                      Legal form: Private limited company

                      Company Status: active

                      Share capital:     EUR             25,000.00

                      Share:             EUR             25,000.00

                      Reg. data:  18.08.2012

                                  Local court 14057 Berlin

                                  HRB 143909 B

 Shareholder:

                      Home24 Verwaltungs GmbH

                      Greifswalder Str. 212-213

                      D 10405 Berlin

                      Legal form: Private limited company

                      Company Status: active

                      Share capital:     EUR             25,000.00

                      Share:             EUR             25,000.00

                      Reg. data:  16.08.2012

                                  Local court 14057 Berlin

                                  HRB 143874 B

 Shareholder:

                      Home24 GmbH

                      Greifswalder Str. 212/213

                      D 10405 Berlin

                      Legal form: Private limited company

                      Company Status: active

                      Share capital:     EUR            271,722.00

                      Share:             EUR                443.00

                      Reg. data:  20.04.2009

                                  Local court 14057 Berlin

                                  HRB 119267 B

 

 FINANCIAL INFORMATION

 

 Payment experience:  within periods customary in this trade

 

 Negative information: We have no negative information at hand.

 

 Balance sheet year:  2011

 

 REAL ESTATE

 

 Type of ownership:        Tenant

 Address                       Greifswalder Str. 212/213

                                    D 10405 Berlin

 

 Real Estate of:              Rocket Internet GmbH

 Type of ownership:        Tenant

 Address                       Johannisstr. 20

                                    D 10117 Berlin

 

 Real Estate of:              Zimmermann Investment GmbH & Co. KG

 Type of ownership:        proprietor

 Share:                          100.00 %

 Address                       Thünenstr. 2-8

                                    D 58511 Lüdenscheid

 

 Type of real estate:       Commercial building

 Residential floor            31,434.00 sq.m

 space/ Usable floor

 space:

 Value at selling price:      EUR         97,000,000.00

 

 Real Estate of:              Zimmermann Investment GmbH & Co. KG

 Type of ownership:        proprietor

 Share:                          100.00 %

 Address                       Corneliusstr. 7

                                     D 58511 Lüdenscheid

 

 Type of real estate:       Residential building

 Value at selling price:     EUR            270,000.00

 

 Real Estate of:              Zimmermann Investment GmbH & Co. KG

 Type of ownership:        proprietor

 Share:                          100.00 %

 Address                       Corneliusstr. 5

                                     D 58511 Lüdenscheid

 

 Type of real estate:       residential and business location

 Value at selling price:     EUR            280,000.00

 

 Real Estate of:              Zimmermann Investment GmbH & Co. KG

 Type of ownership:        proprietor

 Share:                          100.00 %

 Address                        Thünenstr. 11

                                    D 58511 Lüdenscheid

 

 Type of real estate:       office building

 Value at selling price:     EUR            210,000.00

 

 Real Estate of:              Zimmermann Investment GmbH & Co. KG

 Type of ownership:        Tenant

 Address                        Eicken 1

                                     D 58791 Werdohl

 

 Real Estate of:              Bambino 53. V V UG (haftungsbeschränkt)

 Type of ownership:        Tenant

 Address                       Johannisstr. 20

                                    D 10117 Berlin

 

 Real Estate of:              Domenico Cipolla

 Type of ownership:        Tenant

 Address                        Monbijouplatz 3a

                                    D 10178 Berlin

 

 Land register documents were not available.

 

 BANKERS

 

 DEUTSCHE BANK PRIVAT UND GESCHÄFTSKUNDEN F 700, BERLIN

 Sort. code: 10070024, BIC: DEUTDEDBBER

 

 FINANCIAL FIGURES

 Turnover:            2011               EUR         19,822,882.00

                      2012               EUR         19,416,500.00

 Profit:              2011               EUR         -9,585,828.00

 further business figures:

 Equipment:                              EUR          1,183,000.00

 Ac/ts receivable:                       EUR          3,886,687.00

 Liabilities:                            EUR          6,866,317.00

 Employees:                                                    150

 

 The aforementioned business figures may partly be estimated

 information based on average values in the line of business.

 

 BALANCE SHEETS

 

 Balance sheet ratios 01.01.2011 - 31.12.2011

 Equity ratio [%]:                 66.37

 Liquidity ratio:                  10.00

 Return on total capital [%]:     -43.41

 

 Balance sheet ratios 01.01.2010 - 31.12.2010

 Equity ratio [%]:                 26.40

 Liquidity ratio:                   2.14

 Return on total capital [%]:    -164.34

 

 Balance sheet ratios 08.04.2009 - 31.12.2009

 Equity ratio [%]:                 72.93

 Liquidity ratio:                  10.00

 Return on total capital [%]:     -48.12

 

 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:      01.01.2011 - 31.12.2011

 

 ASSETS                                  EUR         22,290,737.90

  Fixed assets                           EUR            489,767.07

   Intangible assets                     EUR            422,200.94

    Other / unspecified intangible assetsEUR            422,200.94

   Tangible assets                       EUR             67,566.13

    Other / unspecified tangible assets  EUR             67,566.13

  Current assets                         EUR         21,755,776.56

   Stocks                                EUR          3,282,413.60

   Accounts receivable                   EUR          3,886,686.51

    Other debtors and assets             EUR          3,886,686.51

   Liquid means                          EUR         14,586,676.45

  Remaining other assets                 EUR             45,194.27

   Accruals (assets)                     EUR             45,194.27

 

 LIABILITIES                             EUR         22,290,737.90

  Shareholders' equity                   EUR         14,864,986.99

   Capital                               EUR            117,702.00

    Subscribed capital (share capital)   EUR            117,702.00

   Reserves                              EUR         27,433,404.51

    Capital reserves                     EUR         27,433,404.51

   Balance sheet profit/loss (+/-)       EUR        -12,686,119.52

    Profit / loss brought forward        EUR         -3,100,291.07

    Annual surplus / annual deficit      EUR         -9,585,828.45

  Provisions                             EUR            559,434.00

  Liabilities                            EUR          6,866,316.91

   Other liabilities                     EUR          6,866,316.91

    Unspecified other liabilities        EUR          6,866,316.91

 

 Type of balance

 sheet:               Company balance sheet

 

 Financial year:      01.01.2010 - 31.12.2010

 

 ASSETS                                  EUR          1,650,046.97

  Fixed assets                           EUR             58,659.00

   Intangible assets                     EUR             32,022.00

    Other / unspecified intangible assetsEUR             32,022.00

   Tangible assets                       EUR             26,637.00

    Other / unspecified tangible assets  EUR             26,637.00

  Current assets                         EUR          1,575,174.62

   Stocks                                EUR            110,698.57

   Accounts receivable                   EUR            545,785.48

    Other debtors and assets             EUR            545,785.48

   Liquid means                          EUR            918,690.57

  Remaining other assets                 EUR             16,213.35

   Accruals (assets)                     EUR             16,213.35

 

 LIABILITIES                             EUR          1,650,046.97

  Shareholders' equity                   EUR            447,426.71

   Capital                               EUR             76,877.00

   Reserves                              EUR          3,470,840.78

    Capital reserves                     EUR          3,470,840.78

   Balance sheet profit/loss (+/-)       EUR         -3,100,291.07

    Profit / loss brought forward        EUR           -414,847.27

    Annual surplus / annual deficit      EUR         -2,685,443.80

  Provisions                             EUR             29,462.53

  Liabilities                            EUR          1,173,157.73

   Other liabilities                     EUR          1,173,157.73

    Unspecified other liabilities        EUR          1,173,157.73

 

 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.54.24

UK Pound

1

Rs.84.29

Euro

1

Rs.71.36

 

INFORMATION DETAILS

 

Report Prepared by :

NLM

 

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.