MIRA INFORM REPORT
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Report Date : |
31.12.2011 |
IDENTIFICATION DETAILS
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Name : |
BELTART GMBH |
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Registered Office : |
Friedrich-Engels-Strasse 29, Waldbrol, 51545 |
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Country : |
Germany |
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Financials (as on) : |
31.12.2009 |
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Date of Incorporation : |
19.11.1990 |
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Com. Reg. No.: |
7642 |
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Legal Form : |
Private Independent Company |
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Line of Business : |
manufacture of hats; cut, make and trim for clothing manufacturers |
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No. of Employees
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20 |
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 30th, 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 & address
BELTART GmbH
Friedrich-Engels-Strasse 29
Waldbrol, 51545
Germany
Tel: +49 (0) 2291 2604
Fax: +49 (0) 2291 2603
Synthesis
Employees: 20
Company Type: Private Independent
Incorporation Date:
19-Nov-1990
Financials in: USD
(Millions)
Fiscal Year End:
31-Dec-2009
Reporting Currency: Euro
Annual Sales: NA
Total Assets: 16.1
Business Description
BELTART GmbH is
primarily engaged in manufacture of hats; cut, make and trim for clothing
manufacturers (CMT); and manufacture of other wearing apparel and accessories
not elsewhere classified.
Industry
Industry Apparel and Accessories
ANZSIC 2006: 1351 - Clothing
Manufacturing
NACE 2002: 1824 - Manufacture
of other wearing apparel and accessories not elsewhere classified
NAICS 2002: 31599 - Apparel
Accessories and Other Apparel Manufacturing
UK SIC 2003: 1824 - Manufacture
of other wearing apparel and accessories not elsewhere classified
US SIC 1987: 2387 - Apparel
belts
Key Executives
Name Title
Frank Schneider Managing
director
Registered No.(DEU): 7642
1 - Profit & Loss Item Exchange Rate: USD 1 = EUR 0.7190468
2 - Balance Sheet Item Exchange Rate: USD 1 = EUR 0.6969855
Corporate Overview
Location
Friedrich-Engels-Strasse 29
Waldbrol, 51545
Germany
Tel: +49 (0) 2291 2604
Fax: +49 (0) 2291 2603
Sales EUR(mil): NA
Assets EUR(mil): 11.2
Employees: 20
Fiscal Year End: 31-Dec-2009
Industry: Apparel
and Accessories
Incorporation Date: 19-Nov-1990
Company Type: Private
Independent
Quoted Status: Not
Quoted
Registered No.(DEU): 7642
Managing director: Frank
Schneider
Contents
· Industry Codes
· Business Description
· Financial Data
· Key Corporate Relationships
Industry Codes
ANZSIC 2006 Codes:
3323 - Industrial and Agricultural Chemical Product Wholesaling
1320 - Leather Tanning, Fur Dressing and Leather Product
Manufacturing
1919 - Other Polymer Product Manufacturing
371 - Textile, Clothing and Footwear Wholesaling
1351 - Clothing Manufacturing
NACE 2002 Codes:
1824 - Manufacture of other wearing apparel and accessories not
elsewhere classified
1920 - Manufacture of luggage, handbags and the like, saddlery and
harness
5142 - Wholesale of clothing and footwear
2524 - Manufacture of other plastic products
5155 - Wholesale of chemical products
NAICS 2002 Codes:
31699 - Other Leather and Allied Product Manufacturing
4243 - Apparel, Piece Goods, and Notions Merchant Wholesalers
4246 - Chemical and Allied Products Merchant Wholesalers
31599 - Apparel Accessories and Other Apparel Manufacturing
32619 - Other Plastics Product Manufacturing
US SIC 1987:
3089 - Plastics Products, Not Elsewhere Classified
31 - Leather and Leather Products
516 - Chemicals and Allied Products
513 - Apparel, Piece Goods, and Notions
2387 - Apparel belts
UK SIC 2003:
5155 - Wholesale of chemical products
1920 - Manufacture of luggage, handbags and the like, saddlery and
harness
1824 - Manufacture of other wearing apparel and accessories not
elsewhere classified
5142 - Wholesale of clothing and footwear
2524 - Manufacture of other plastic products
Business
Description
BELTART GmbH is primarily engaged in manufacture of hats; cut, make and
trim for clothing manufacturers (CMT); and manufacture of other wearing apparel
and accessories not elsewhere classified.
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Executive report
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Executives |
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Managing director |
Managing Director |
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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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Provisions |
0.0 |
0.0 |
0.0 |
Annual Balance Sheet
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 |
6.5 |
5.4 |
5.1 |
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Profits for the year |
0.8 |
0.7 |
0.6 |
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Profit brought forward from previous
year(s) |
0.7 |
0.6 |
0.4 |
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Total
stockholders equity |
7.3 |
6.1 |
5.7 |
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Provisions and allowances |
0.0 |
0.0 |
0.0 |
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Total current
liabilities |
8.8 |
8.8 |
10.4 |
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Total
liabilities (including net worth) |
16.1 |
14.9 |
16.1 |
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Intangibles |
0.0 |
0.0 |
- |
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Total tangible
fixed assets |
3.3 |
3.4 |
3.7 |
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Total financial assets |
2.0 |
2.0 |
1.1 |
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Total
non-current assets |
5.3 |
5.3 |
4.8 |
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Net stocks and work in progress |
4.7 |
4.2 |
4.8 |
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Total
receivables |
6.0 |
5.4 |
6.5 |
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Cash and liquid assets |
0.0 |
0.0 |
0.0 |
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Total current
assets |
10.7 |
9.6 |
11.3 |
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Prepaid expenses and deferred costs |
0.0 |
0.0 |
0.0 |
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Total assets |
16.1 |
14.9 |
16.1 |
Annual Ratios
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 |
12.25 |
10.86 |
10.84 |
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Acid test ratio |
6.86 |
6.15 |
6.23 |
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Total liabilities to net worth |
0.12% |
0.14% |
0.18% |
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Net worth to total assets |
0.05% |
0.04% |
0.04% |
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Current liabilities to net worth |
0.12% |
0.14% |
0.18% |
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Current liabilities to stock |
0.19% |
0.21% |
0.22% |
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Fixed assets to net worth |
0.07% |
0.09% |
0.08% |
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Net worth |
7.3 |
6.1 |
5.7 |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.53.27 |
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UK Pound |
1 |
Rs.82.09 |
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Euro |
1 |
Rs.68.90 |
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.