MIRA INFORM REPORT
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Report Date : |
09.08.2011 |
IDENTIFICATION DETAILS
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Name : |
MFC COMMODITIES GMBH |
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Formerly Known As : |
Hovis Commodities Trading GmbH |
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Registered Office : |
Millennium Tower 21st Floor, Handelskai
94-96, Wien, 1200 |
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Country : |
Austria |
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Year of Establishment : |
1993 |
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Com. Reg. No.: |
035673 |
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Legal Form : |
Private Subsidiary |
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Line of Business : |
Merchant Wholesale Distribution of kraft wrapping and other coarse
paper, paperboard, converted paper |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment
Behaviour : |
Unknown |
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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, 2011
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Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
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Austria |
a2 |
a2 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Company name & address
MFC Commodities GmbH
Millennium Tower 21st Floor
Handelskai 94-96
Wien, 1200
Austria
Tel: 43 (1) 240 25-0
Fax: 43 (1) 240 25 255
Company summary
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Employees: |
45 |
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Company Type: |
Private Subsidiary |
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Corporate Family: |
3 Companies |
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Ultimate Parent: |
MFC Holding Austria GmbH |
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Incorporation Date: |
1993 |
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Fiscal Year End: |
31-Dec-2009 |
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Financial in |
USD Million |
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Reporting Currency: |
Euro |
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Annual Sales: |
196.7 |
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Total Assets: |
NA |
Business Description
MFC Commodities GmbH is primarily engaged in
the merchant wholesale distribution of kraft wrapping and other coarse paper,
paperboard, converted paper (except stationery and office supplies), and/or
related disposable plastics products.
Industry
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Industry |
Containers and Packaging |
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ANZSIC 2006: |
3736 - Paper Product Wholesaling |
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NACE 2002: |
5156 - Wholesale of other intermediate
products |
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NAICS 2002: |
424130 - Industrial and Personal Service
Paper Merchant Wholesalers |
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UK SIC 2003: |
5156 - Wholesale of other intermediate
products |
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US SIC 1987: |
5113 - Industrial and Personal Service
Paper |
Key Executives
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1 - Profit &
Loss Item Exchange Rate: USD 1 = EUR 0.7190468
2 -
Balance Sheet Item Exchange Rate: USD 1 = EUR 0.6969855
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Wholesale trade in paper, packaging
materials, metal products and chemicals
More Business
Descriptions
MFC Commodities GmbH is primarily engaged in
the merchant wholesale distribution of kraft wrapping and other coarse paper,
paperboard, converted paper (except stationery and office supplies), and/or
related disposable plastics products.
Bank: UniCredit Bank Austria AG
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Corporate
Family |
Corporate
Structure News: |
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MFC Commodities
GmbH
Total Corporate Family Members: 3
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Company Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
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MFC Holding Austria GmbH |
Parent |
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Subsidiary |
Wien |
Austria |
Containers and Packaging |
196.7 |
45 |
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Subsidiary |
Herisau |
Switzerland |
Commercial Banks |
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10 |
Executives
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Name |
Title |
Function |
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Managing Director |
Managing Director |
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Managing Director |
Managing Director |
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Manager |
Administration Executive |
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Finance Manager |
Finance Executive |
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Chief Financial Officer |
Finance Executive |
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Plastics Manager |
Engineering/Technical Executive |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.44.96 |
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UK Pound |
1 |
Rs.73.94 |
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Euro |
1 |
Rs.64.56 |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NB |
New Business |
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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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.