MIRA INFORM REPORT

 

 

Report Date :           

31.12.2011

 

IDENTIFICATION DETAILS

 

Name :

RIBA EDELSTAHL HANDELSGESELLSCHAFT MBH

 

 

Registered Office :

Ziethenstrasse 10, Hamburg, 22041

 

 

Country :

Germany

 

 

Financials (as on) :

31.12.2009

 

 

Date of Incorporation :

01.09.1982

 

 

Com. Reg. No.:

30162

 

 

Legal Form :

Private Independent Company

 

 

Line of Business :

wholesale of ferrous and non-ferrous metal ores

 

 

No. of Employees :

25

 

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 :

Usually Correct 

 

 

Litigation :

----

 

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

 

Country Name

Previous Rating

                   (30.06.2011)                  

Current Rating

(30.09.2011)

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 & address  

 

Riba Edelstahl Handelsgesellschaft mbH

Ziethenstrasse 10

Hamburg, 22041

Germany

Tel:       +49 (0) 40 6568650

Fax:      +49 (0) 40 65686535

 

 

Synthesis     

 

Employees:                   25

Company Type:             Private Independent

Incorporation Date:         01-Sep-1982    

Financials in                  USD (Millions)

Fiscal Year End:            31-Dec-2009

Reporting Currency:       Euro

Annual Sales:               NA

Total Assets:                8.4

 

 

Business Description     

 

Riba Edelstahl Handelsgesellschaft mbH 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

Industry            Miscellaneous Capital Goods

ANZSIC 2006:    3322 - Metal and Mineral Wholesaling

NACE 2002:      5152 - Wholesale of metals and ores

NAICS 2002:     423520 - Coal and Other Mineral and Ore Merchant Wholesalers

UK SIC 2003:    5152 - Wholesale of metals and ores

US SIC 1987:    5051 - Metals Service Centers and Offices

 

           

Key Executives   

 

Name                           Title

Hans-Ulrich Hribar          Managing director         

 

Registered No.(DEU): 30162

 

Corporate Overview

 

Location

Ziethenstrasse 10

Hamburg, 22041

Germany

Tel:       +49 (0) 40 6568650

Fax:      +49 (0) 40 65686535

           

Sales EUR(mil):             NA

Assets EUR(mil):           5.8

Employees:                   25

Fiscal Year End:            31-Dec-2009

Industry:                        Miscellaneous Capital Goods

Incorporation Date:         01-Sep-1982

Company Type:             Private Independent

Quoted Status:              Not Quoted

Registered No.(DEU):     30162

Managing director:         Hans-Ulrich Hribar

 

Contents

·         Industry Codes

·         Business Description

·         Financial Data

·         Key Corporate Relationships

 

Industry Codes

 

ANZSIC 2006 Codes:

3322     -          Metal and Mineral Wholesaling

6240     -          Financial Asset Investing

7220     -          Travel Agency and Tour Arrangement Services

2110     -          Iron Smelting and Steel Manufacturing

 

NACE 2002 Codes:

6340     -          Activities of other transport agencies

6523     -          Other financial intermediation not elsewhere classified

5152     -          Wholesale of metals and ores

2710     -          Manufacture of basic iron and steel and of ferro-alloys

 

NAICS 2002 Codes:

423520  -          Coal and Other Mineral and Ore Merchant Wholesalers

4889     -          Other Support Activities for Transportation

5259     -          Other Investment Pools and Funds

331111  -          Iron and Steel Mills

 

US SIC 1987:

4729     -          Arrangement of Passenger Transportation, Not Elsewhere Classified

5051     -          Metals Service Centers and Offices

67         -          Holding and Other Investment Offices

3312     -          Steel Works, Blast Furnaces (Including Coke Ovens), and Rolling Mills

 

UK SIC 2003:

6340     -          Activities of other transport agencies

6523     -          Other financial intermediation not elsewhere classified

5152     -          Wholesale of metals and ores

2710     -          Manufacture of basic iron and steel and of ferro-alloys

 

Business Description

Riba Edelstahl Handelsgesellschaft mbH 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.

 

Financial Data

Financials in:

EUR(mil)

 

Assets:

5.8

Current Assets:

5.3

 

Total Liabilities:

5.8

 

Issued Capital:

0.5

 

Net Worth:

1.1

 

 

 

Date of Financial Data:

31-Dec-2009

 

1 Year Growth

NA

 

Key Corporate Relationships

Bank:

Sparkasse Holstein, Bayer HypoVereinsbank ex Vereins und Westbank

 

 

 

 

 

 

 

 

 

 

 

Executive report

 

Executives

 

Name

Title

Function

 

Hans-Ulrich Hribar

 

Managing director

Managing Director

 

 

 

Annual Profit & Loss

 

 

 

31-Dec-2009

31-Dec-2008

31-Dec-2007

Period Length

12 Months

12 Months

12 Months

Filed Currency

EUR

EUR

EUR

Exchange Rate (Period Average)

0.719047

0.683679

0.730637

Consolidated

No

No

No

 

 

 

 

Provisions

0.6

0.5

0.5

 

 

Annual Balance Sheet

 

Financials in: USD (mil)

 

 

 

31-Dec-2009

31-Dec-2008

31-Dec-2007

Filed Currency

EUR

EUR

EUR

Exchange Rate

0.696986

0.719399

0.683971

Consolidated

No

No

No

 

 

 

 

Issued capital

0.7

0.7

0.7

Profits for the year

0.8

0.8

0.9

Profit brought forward from previous year(s)

0.9

0.9

0.6

Total stockholders equity

1.5

1.5

1.6

Provisions and allowances

0.6

0.5

0.5

Total long-term liabilities

2.9

2.8

2.9

Total current liabilities

3.3

2.6

2.9

Total liabilities (including net worth)

8.4

7.5

8.0

Intangibles

0.0

0.0

0.0

Total tangible fixed assets

0.5

0.5

0.6

Total financial assets

0.3

0.3

0.3

Total non-current assets

0.8

0.8

0.9

Net stocks and work in progress

6.8

5.7

5.5

Total receivables

0.7

0.7

1.5

Cash and liquid assets

0.1

0.2

0.0

Total current assets

7.6

6.7

7.0

Prepaid expenses and deferred costs

0.0

0.0

0.0

Total assets

8.4

7.5

8.0

 

 

Annual Ratios

 

Financials in: USD (mil)

 

 

 

31-Dec-2009

31-Dec-2008

31-Dec-2007

Period Length

12 Months

12 Months

12 Months

Filed Currency

EUR

EUR

EUR

Exchange Rate

0.696986

0.719399

0.683971

Consolidated

No

No

No

 

 

 

 

Current ratio

22.93

25.85

24.00

Acid test ratio

2.45

3.65

5.16

Total liabilities to net worth

0.40%

0.35%

0.36%

Net worth to total assets

0.02%

0.02%

0.02%

Current liabilities to net worth

0.21%

0.17%

0.18%

Current liabilities to stock

0.05%

0.05%

0.05%

Fixed assets to net worth

0.05%

0.05%

0.06%

Net worth

1.5

1.5

1.6

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.53.27

UK Pound

1

Rs.82.09

Euro

1

Rs.68.90

 

 

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.