MIRA INFORM
REPORT
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Report Date : |
16.06.2011 |
IDENTIFICATION DETAILS
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Name : |
ALMETHA GMBH |
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Registered Office : |
Dieselstr. 3, D 59174 Kamen, Post Box 4030, D 59161 Kamen |
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Country : |
Germany |
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Financials (as on) : |
31.12.2009 |
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Date of Incorporation : |
15.10.1992 |
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Com. Reg. No.: |
HRB 4679 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Wholesale of iron ores, iron, steel and iron and steel semi-finished
goods |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
11,000 EUR |
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Status : |
Satisfactory |
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Payment
Behaviour : |
Regular |
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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
|
Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
|
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
Almetha GmbH
Main address:
Dieselstr. 3
D 59174 Kamen
Post Box:
4030, D 59161 Kamen
Telephone: 02307/941010
Telefax: 02307/9410111
Homepage: www.almetha.de
E-mail: rainerheutelbeck@almetha.de
VAT no.
DE177116263
Tax ID number
322/5701/0110
Synthesis
LEGAL FORM Private limited company
Date of foundation: 1790
Begin of business
activities: 1992
Registered on: 15.10.1992
Commercial Register: Local
court 59065 Hamm
under: HRB 4679
Share capital: EUR 100,000.00
Shareholder
Rainer Heutelbeck
Rhönstr. 11
D 58706 Menden
born: 17.05.1947
Share: EUR 50,000.00
Shareholder:
Iron & Steel Investment SA
L luxemburg
Legal form: Other legal form
Share: EUR 50,000.00
Manager
Rainer Heutelbeck
Rhönstr. 11
D 58706 Menden
having sole power of representation
born: 17.05.1947
Marital status: married
COMPANY HISTORY
1975 - 1975 ALMETHA
Stromberg & Co. KG
D 58675
Hemer
Ltd
partnership with priv. ltd. company
as
general partner
25.10.1990 - 25.10.1990 Almetha
Stromberg & Co. GmbH
Färberstr. 4
D 58119
Hagen
Private limited company
15.10.1992 - 15.10.1992 Almetha
Stromberg & Co. GmbH
Dieselstr. 3
D 59174
Kamen
Private
limited company
19.05.2005 - 19.05.2005 Almetha
GmbH
Dieselstr. 3
D 59174
Kamen
Private
limited company
BUSINESS ACTIVITIES
Sectors
46721 Wholesale of iron ores,
iron, steel and iron and steel semi-finished goods
FINANCIAL INFORMATION
Payment experience: within
agreed terms
Negative information: We have
no negative information at hand.
Maximum credit: 11,000 EUR
Balance sheet year: 2009
REAL ESTATE
Type of ownership: Tenant
Address Dieselstr. 3
D 59174 Kamen
Real Estate of: Rainer Heutelbeck
Type of ownership: part owner
Share: 50.00 %
Address Rhönstr. 11
D 58706 Menden
Type of real estate: detached single-family house
Value at selling price:
EUR 230,000.00
Land register documents were not available.
BANKERS
Principal bank
COMMERZBANK VORMALS DRESDNER BANK, HAGEN, WESTF
Sort. code: 45080060, BIC: DRESDEFF450
Further banks
COMMERZBANK, DORTMUND
Sort. code: 44040037, BIC: COBADEFF440
FORTIS BANK NDL DEUTSCHLAND, KÖLN
Sort. code: 37010600, BIC: GEBADE33XXX
FINANCIAL FIGURES
Turnover:
2009 EUR 812,823.00
2010 EUR 850,000.00
Profit:
2009 EUR -500,032.00
further business figures:
Total numbers of vehicles: 4
- Lorries:
1
- Passenger cars:
3
Employees:
12
- thereof permanent staff: 12
BALANCE SHEETS
Balance sheet ratios 01.01.2009 - 31.12.2009
Equity ratio [%]:
25.40
Liquidity ratio: 0.30
Return on total capital [%]:
-12.51
Balance sheet ratios 01.01.2008 - 31.12.2008
Equity ratio [%]:
30.42
Liquidity ratio: 0.21
Return on total capital [%]: 0.68
Balance sheet ratios 01.01.2007 - 31.12.2007
Equity ratio [%]:
27.18
Liquidity ratio: 0.21
Return on total capital [%]: 6.39
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:
01.01.2009 - 31.12.2009
ASSETS EUR 3,998,274.86
Fixed assets EUR 91,909.64
Intangible assets EUR 10.00
Other / unspecified
intangible assetsEUR
10.00
Tangible assets EUR 91,899.64
Other / unspecified
tangible assets EUR 91,899.64
Current assets EUR 3,885,658.22
Stocks EUR 2,882,316.25
Accounts receivable EUR 813,030.44
Other debtors and
assets EUR 813,030.44
Liquid means EUR 190,311.53
Remaining other
assets EUR 20,707.00
Accruals (assets) EUR 20,707.00
LIABILITIES EUR 3,998,274.86
Shareholders' equity EUR 900,424.67
Capital EUR 100,000.00
Subscribed capital
(share capital) EUR 100,000.00
Balance sheet
profit/loss (+/-) EUR 800,424.67
Profit / loss brought
forward EUR 1,300,457.06
Annual surplus / annual
deficit EUR -500,032.39
Provisions EUR 105,012.00
Liabilities EUR 2,992,838.19
Other liabilities EUR 2,992,838.19
Unspecified other
liabilities EUR 2,992,838.19
thereof liabilities
from tax /
financial
authorities EUR 31,660.25
thereof liabilities
from social
security EUR 3,290.16
Profit and loss account (cost-summary method) according to Comm.
Code (HGB)
Gross result (+/-) EUR 812,823.19
Staff expenses EUR 491,864.14
Wages and salaries EUR 408,827.16
Social security
contributions and
expenses for pension
plans and
benefits EUR 83,036.98
Total depreciation EUR 18,410.41
Depreciation on tangible
/ intangible
asssets (incl. start-up
and exp. of
bus. EUR 18,410.41
Other operating
expenses EUR 660,742.96
Operating result from
continuing
operations EUR -358,194.32
Interest result
(+/-) EUR -122,592.05
Interest and similar
income EUR 1,458.84
Interest and similar
expenses EUR 124,050.89
Financial result
(+/-) EUR -122,592.05
Result from ordinary
operations (+/-) EUR -480,786.37
Income tax / refund of
income tax (+/-)EUR -7,689.61
Other taxes / refund of
taxes EUR -11,556.41
Tax (+/-) EUR -19,246.02
Annual surplus / annual
deficit EUR -500,032.39
Type of balance
sheet:
Company balance sheet
Financial year:
01.01.2008 - 31.12.2008
ASSETS EUR 5,018,853.95
Fixed assets EUR 110,320.05
Intangible assets EUR 10.00
Other / unspecified
intangible assetsEUR
10.00
Tangible assets EUR 110,310.05
Other / unspecified
tangible assets EUR 110,310.05
Current assets EUR 4,889,054.39
Stocks EUR 4,161,569.90
Accounts receivable EUR 688,290.90
Other debtors and
assets EUR 688,290.90
Liquid means EUR 39,193.59
Remaining other
assets EUR 19,479.51
Accruals (assets) EUR 19,479.51
LIABILITIES EUR 5,018,853.95
Shareholders' equity EUR 1,400,457.06
Capital EUR 100,000.00
Subscribed capital
(share capital) EUR 100,000.00
Balance sheet
profit/loss (+/-) EUR 1,300,457.06
Profit / loss brought
forward EUR 1,266,218.61
Annual surplus / annual
deficit EUR 34,238.45
Provisions EUR 97,445.00
Liabilities EUR 3,520,951.89
Other liabilities EUR 3,520,951.89
Unspecified other
liabilities EUR 3,520,951.89
thereof liabilities
from tax /
financial authorities EUR 6,835.94
thereof liabilities
from social
security EUR 3,864.33
Profit and loss account (cost-summary method) according to Comm.
Code (HGB)
Gross result (+/-) EUR 1,817,764.47
Staff expenses EUR 684,886.59
Wages and salaries EUR 581,270.34
Social security
contributions and
expenses for pension
plans and
benefits EUR 103,616.25
Total depreciation EUR 20,081.01
Depreciation on tangible
/ intangible
asssets (incl. start-up
and exp. of
bus. EUR 20,081.01
Other operating
expenses EUR 903,043.68
Operating result from
continuing
operations EUR 209,753.19
Interest result
(+/-) EUR -143,460.24
Interest and similar
income EUR 2,663.95
Interest and similar
expenses EUR 146,124.19
Financial result
(+/-) EUR -143,460.24
Result from ordinary
operations (+/-) EUR 66,292.95
Income tax / refund of
income tax (+/-)EUR -22,547.99
Other taxes / refund of
taxes EUR -9,506.51
Tax (+/-) EUR -32,054.50
Annual surplus / annual
deficit EUR 34,238.45
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.68 |
|
UK Pound |
1 |
Rs.73.05 |
|
Euro |
1 |
Rs.64.29 |
RATING EXPLANATIONS
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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 |
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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.