MIRA
INFORM REPORT
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Report Date : |
26.12.2011 |
IDENTIFICATION DETAILS
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Name : |
DELWO METALLHANDEL GMBH |
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Registered Office : |
Konigsbahnstrasse 9 Neunkirchen, 66538 |
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Country : |
Germany |
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Financials (as on) : |
31.12.2009 |
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Date of Incorporation : |
17.04.1998 |
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Com. Reg. No.: |
92112 |
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Legal Form : |
Private Subsidiary |
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Line of Business : |
Wholesale of metals and ores |
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No. of Employees : |
75 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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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 – September 30, 2011
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Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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Germany |
A1 |
A1 |
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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 and address
DELWO Metallhandel GmbH
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Business
Description
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DELWO Metallhandel GmbH is primarily engaged in wholesale of ferrous and
non-ferrous metal ores; wholesale of ferrous and non-ferrous metals in
primary forms; wholesale of ferrous and non-ferrous semi-finished metal
products not elsewhere classified; and wholesale of gold and other precious
metals. |
Industry
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Industry |
Miscellaneous Capital Goods |
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ANZSIC 2006: |
3322 - Metal and Mineral Wholesaling |
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NACE 2002: |
5152 - Wholesale of metals and ores |
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NAICS 2002: |
423520 - Coal and Other Mineral and Ore
Merchant Wholesalers |
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UK SIC 2003: |
5152 - Wholesale of metals and ores |
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US SIC 1987: |
5051 - Metals Service Centers and Offices |
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
Corporate Overview
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Corporate Structure News
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DELWO
Metallhandel GmbH |
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Company Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
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Parent |
Andernach, Rheinland-Pfalz |
Germany |
Consumer Financial Services |
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Subsidiary |
Andernach, Rheinland-Pfalz |
Germany |
Miscellaneous Capital Goods |
90.7 |
180 |
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Subsidiary |
Neunkirchen, Saarland |
Germany |
Miscellaneous Capital Goods |
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75 |
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Baureparaturen
Leipzig-West Gesellschaft mit beschränkter Haftung |
Subsidiary |
Leipzig, Sachsen |
Germany |
Construction Services |
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42 |
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Subsidiary |
Leipzig, Sachsen |
Germany |
Construction Services |
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29 |
Executives Report
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Annual
Profit & Loss
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|
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
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Period Length |
12 Months |
12 Months |
12 Months |
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Filed Currency |
EUR |
EUR |
EUR |
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Exchange Rate
(Period Average) |
0.719047 |
0.683679 |
0.730637 |
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Consolidated |
No |
No |
No |
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Taxes and social security costs |
0.8 |
0.8 |
0.7 |
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Total payroll costs |
3.8 |
4.1 |
3.6 |
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Fixed asset depreciation and amortisation |
0.9 |
0.4 |
0.4 |
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Other operating costs |
7.6 |
9.0 |
7.7 |
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Net operating income |
1.1 |
1.1 |
2.2 |
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Interest received from loans |
- |
0.1 |
- |
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Other income |
0.0 |
0.0 |
0.0 |
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Interest payable on loans |
0.6 |
0.8 |
0.8 |
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Total expenses |
0.6 |
0.6 |
0.7 |
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Profit before tax |
0.5 |
0.5 |
1.5 |
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Extraordinary income |
- |
- |
0.2 |
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Provisions |
1.7 |
1.7 |
2.4 |
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Extraordinary expenses |
- |
0.1 |
0.9 |
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Extraordinary result |
- |
-0.1 |
-0.7 |
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Other taxes |
0.0 |
0.0 |
0.1 |
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Total taxation |
0.2 |
0.1 |
0.3 |
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Net profit |
0.2 |
0.3 |
0.4 |
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Annual Balance
Sheet |
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Financials in:
USD (mil) |
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31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
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Filed Currency |
EUR |
EUR |
EUR |
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Exchange Rate |
0.696986 |
0.719399 |
0.683971 |
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Consolidated |
No |
No |
No |
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Issued capital |
1.1 |
1.1 |
1.2 |
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Capital reserves |
0.4 |
0.3 |
0.4 |
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Unavailable reserves |
0.8 |
0.9 |
0.8 |
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Profits for the year |
0.7 |
0.4 |
0.8 |
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Profit brought forward from previous year(s) |
0.4 |
- |
0.4 |
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Total stockholders equity |
2.2 |
1.9 |
2.3 |
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Provisions and allowances |
1.7 |
1.6 |
2.6 |
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Total long-term liabilities |
- |
- |
12.9 |
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Total current liabilities |
13.3 |
15.0 |
2.0 |
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Regularisation account |
0.0 |
0.0 |
0.0 |
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Total liabilities (including net worth) |
18.1 |
19.4 |
20.7 |
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Intangibles |
0.0 |
0.0 |
0.0 |
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Land and buildings |
- |
3.2 |
3.0 |
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Machinery and tools |
- |
0.4 |
0.6 |
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Fixtures and equipment |
- |
3.2 |
3.0 |
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Fixed assets under construction |
- |
4.4 |
3.0 |
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Total tangible fixed assets |
8.3 |
8.6 |
7.1 |
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Shares held in associated companies |
- |
0.2 |
0.2 |
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Total financial assets |
0.2 |
0.2 |
0.2 |
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Total non-current assets |
8.4 |
8.7 |
7.2 |
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Net stocks and work in progress |
6.9 |
7.9 |
9.9 |
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Total receivables |
2.3 |
2.5 |
3.3 |
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Cash and liquid assets |
0.1 |
0.0 |
0.0 |
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Recoverable taxation |
- |
- |
0.1 |
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Total current assets |
9.3 |
10.5 |
13.2 |
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Prepaid expenses and deferred costs |
0.3 |
0.2 |
0.1 |
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Total assets |
18.1 |
19.4 |
20.7 |
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Annual Ratios |
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Financials in:
USD (mil) |
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31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
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Period Length |
12 Months |
12 Months |
12 Months |
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Filed Currency |
EUR |
EUR |
EUR |
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Exchange Rate |
0.696986 |
0.719399 |
0.683971 |
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Consolidated |
No |
No |
No |
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Current ratio |
6.99 |
6.96 |
65.07 |
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Acid test ratio |
1.80 |
1.71 |
16.22 |
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Total liabilities to net worth |
0.61% |
0.80% |
0.64% |
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Net worth to total assets |
0.01% |
0.01% |
0.01% |
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Current liabilities to net worth |
0.61% |
0.80% |
0.09% |
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Current liabilities to stock |
0.19% |
0.19% |
0.02% |
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Fixed assets to net worth |
0.39% |
0.47% |
0.31% |
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Return on assets |
0.01% |
0.01% |
0.01% |
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Shareholders' return |
0.01% |
0.01% |
0.02% |
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Profit per employee |
0.25 |
0.35 |
1.12 |
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Average wage per employee |
4.07 |
3.88 |
3.71 |
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Net worth |
2.2 |
1.9 |
2.3 |
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Number of employees |
68 |
72 |
71 |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.52.82 |
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|
1 |
Rs.82.47 |
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Euro |
1 |
Rs.68.93 |
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 |
-- |
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.