MIRA INFORM REPORT

 

 

Report Date :           

11.03.2011

 

IDENTIFICATION DETAILS

 

Correct Name :

METSO MINERALS (MOERS) GMBH

 

 

Registered Office :

Uerdinger Str. 48, D 47441 Moers, Post Box: 10 22 28

 

 

Country :

Germany

 

 

Financials (as on) :

31.12.2008

 

 

Date of Incorporation :

09.05.1990

 

 

Com. Reg. No.:

HRB 5326

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Wholesale of other equipment and accessories for  machinery and technical supplies

 

RATING & COMMENTS

 

MIRA’s Rating :

C

 

RATING

STATUS

PROPOSED CREDIT LINE

<10

C

Absolute credit risk exists. Caution needed to be exercised

Credit not recommended

 

Status :

Dissolved

Payment Behaviour :

------

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 – December 31, 2010

 

Country Name

Previous Rating

                   (30.09.2010)                  

Current Rating

(31.12.2010)

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 

 

Metso Minerals (Moers) GmbH

 

Main address:    

Uerdinger Str. 48

D 47441 Moers

Post Box:

10 22 28

 

 

CONCLUSION

 

We cannot give an opinion as to the granting of a credit in this particular case. Business relations on credit basis are not  permissible.

 

 

Synthesis

 

LEGAL FORM               Private limited company

Date of foundation:         28.09.1978

Shareholders'

agreement:                    28.09.1978

Registered on:               09.05.1990

Commercial Register:     Local court 47533 Kleve

under:                                       HRB 5326

Share capital:                 EUR            310.000,00

 

 

Shareholder

 

Metso Minerals Holding (Deutschland) GmbH

Obere Riedstr. 111-115

D 68309 Mannheim

Legal form: Private limited company

Share capital:     EUR          7.670.000,00

Share:             EUR            310.000,00

Registered on: 26.03.2003

Reg. data: 68159 Mannheim, HRB 422358

Control agreement

Manager

 

Heinz Gerdes

D 20146 Hamburg

having sole power of representation

 

Manager:

Markus Püllen

D 40878 Ratingen

having sole power of representation

born: 08.01.1973

 

 

Proxy

 

Martin Werner Werner

D 47800 Krefeld

authorized to jointly represent the company

born: 24.10.1956

 

Proxy:

Dr. Rainer Hinkelmann

D 21435 Stelle

authorized to jointly represent the company

born: 13.07.1955

 

Proxy:

Friedhelm Litz

D 45768 Marl

authorized to jointly represent the company

born: 26.02.1966

 

 

Further functions/participations of Markus Püllen (Manager)

 

Manager:

Metso Minerals (Deutschland) GmbH

Kantstr. 22-24

D 44867 Bochum

Legal form: Private limited company

Share capital:     EUR          2.776.000,00

Registered

on:         03.12.2008

Reg. data:  44787 Bochum, HRB 11914

Proxy:

Metso Minerals Holding (Deutschland) GmbH

Obere Riedstr. 111-115

D 68309 Mannheim

Legal form: Private limited company

Share capital:     EUR          7.670.000,00

Registered

on:         26.03.2003

Reg. data:  68159 Mannheim, HRB 422358

 

 

BUSINESS ACTIVITIES

 

Sectors

46693   Wholesale of other equipment and accessories for  machinery and technical supplies

 

 

FINANCIAL INFORMATION

 

Payment experience:     could not be obtained

 

Negative information:      We have no negative information at hand.

 

Balance sheet year:       2008

 

 

REAL ESTATE

 

Type of ownership:         Tenant

Address                        Uerdinger Str. 48

                                    D 47441 Moers

 

Land register documents were not available.

 

 

BANKERS

 

No bank connection is maintained.

 

FINANCIAL FIGURES

 

No full-time employees are employed.

 

Control agreement to:

Metso Minerals Holding (Deutschland) GmbH

Obere Riedstr. 111-115

D 68309 Mannheim

 

 

BALANCE SHEETS

 

 Balance sheet ratios 2008

 Equity ratio [%]:                 74,30

 Liquidity ratio:                  10,00

 Return on total capital [%]:      15,36

 

 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:      01.01.2008 - 31.12.2008

 

 ASSETS                                  EUR         13.420.844,79

  Fixed assets                           EUR          1.479.709,23

   Intangible assets                     EUR              6.071,53

    Concessions, licences, rights        EUR              6.071,02

    Goodwill                             EUR                  0,51

   Tangible assets                       EUR          1.473.637,70

    Plant / machinery                    EUR            766.571,00

    Other tangible assets / fixtures and

    fittings                             EUR            554.862,68

    Advance payments made / construction

    in progress                          EUR            152.204,02

  Current assets                         EUR         11.929.258,34

   Stocks                                EUR          1.999.297,17

    Raw materials, consumables and

    supplies                             EUR            876.159,26

    Finished goods / work in progress    EUR          1.123.137,91

   Accounts receivable                   EUR          9.502.547,03

    Trade debtors                        EUR          1.784.828,87

    Amounts due from related companies   EUR          7.712.881,60

    Other debtors and assets             EUR              4.836,56

   Liquid means                          EUR            427.414,14

  Remaining other assets                 EUR             11.877,22

   Accruals (assets)                     EUR             11.877,22

 

 LIABILITIES                             EUR         13.420.844,79

  Shareholders' equity                   EUR          7.855.846,74

   Capital                               EUR            310.100,00

    Subscribed capital (share capital)   EUR            310.100,00

   Reserves                              EUR          4.209.270,99

    Capital reserves                     EUR          4.209.270,99

   Balance sheet profit/loss (+/-)       EUR          3.336.475,75

    Profit / loss brought forward        EUR          3.336.475,75

  Provisions                             EUR          2.537.290,00

   Pension provisions and comparable

   provisions                            EUR          1.686.236,00

   Other / unspecified provisions        EUR            851.054,00

  Liabilities                            EUR          3.027.708,05

   thereof total due to shareholders     EUR          2.113.568,27

   Other liabilities                     EUR          3.027.708,05

    Trade creditors (for IAS incl. bills

    of exchange)                         EUR            563.260,08

    Liabilities from received advance

    payments                             EUR             34.021,15

    Liabililties due to related companiesEUR          2.364.205,24

    Unspecified other liabilities        EUR             66.221,58

     thereof liabilities from tax /

     financial authorities               EUR             44.446,59

 

 Profit and loss account (cost-summary method) according to Comm.

 Code (HGB)

  Sales                                  EUR         16.211.914,51

  Inventory change + own costs (+/-)     EUR            236.173,62

   Inventory change (+/-)                EUR            236.173,62

  Other operating income                 EUR            639.696,22

  Cost of materials                      EUR          7.613.145,44

   Raw materials and supplies, purchased

   goods                                 EUR          7.198.292,17

   Purchased services                    EUR            414.853,27

  Gross result (+/-)                     EUR          9.474.638,91

  Staff expenses                         EUR          4.516.623,33

   Wages and salaries                    EUR          3.693.517,21

   Social security contributions and

   expenses for pension plans and

   benefits                              EUR            823.106,12

  Total depreciation                     EUR            266.674,53

   Depreciation on tangible / intangible

   asssets (incl. start-up and exp. of

   bus.                                  EUR            266.674,53

  Other operating expenses               EUR          2.877.823,98

  Operating result from continuing

  operations                             EUR          1.813.517,07

  Interest result (+/-)                  EUR            251.741,87

   Interest and similar income           EUR            251.741,87

    thereof from related companies       EUR            232.479,44

  Financial result (+/-)                 EUR            251.741,87

  Result from ordinary operations (+/-)  EUR          2.065.258,94

  Expenses for transfer of profits to a

  parent company                         EUR          2.061.563,94

  Other taxes / refund of taxes          EUR             -3.695,00

  Tax (+/-)                              EUR             -3.695,00

  Annual surplus / annual deficit        EUR                  0,00

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.45.11

UK Pound

1

Rs.72.91

Euro

1

Rs.62.56

 

 

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

 

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.