MIRA
INFORM REPORT
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Report Date : |
04.05.2011 |
IDENTIFICATION DETAILS
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Name : |
ITES GUMMI- UND DICHTUNGSTECHNIK GMBH |
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Registered Office : |
Stedinger Str. 29 D 26723 |
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Country : |
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Financials (as on) : |
31.12.2009 |
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Date of Incorporation : |
01.01.2007 |
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Com. Reg. No.: |
HRB 200471 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Manufacture of other rubber products |
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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Maximum Credit Limit : |
49.000 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 – December 31, 2010
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Country Name |
Previous Rating (30.09.2010) |
Current Rating (31.12.2010) |
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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 |
Name and address
Ites Gummi- und Dichtungstechnik GmbH
Company Status: active
Main address:
Stedinger Str. 29
D 26723
Telephone:04921/993700
Telefax:
04921/9937027
Homepage: www.ites-gummi.de
E-mail:
info@ites-gummi.de
VAT no.
DE812755577
Tax ID number
58/200/07308
Registration data
LEGAL FORM Private limited company
Date of foundation: 01.01.2007
Shareholders'
agreement: 23.03.2007
Registered on: 02.08.2007
Commercial Register: Local
court 26603 Aurich
under: HRB 200471
Share capital
EUR 25.000,00
Shareholder
Gerhard Ites
In't Kampke 31 OT Suurhusen
D 26759 Hinte
born: 19.08.1963
Share: EUR 25.000,00
Manager:
Gerhard Ites
In't Kampke 31 OT Suurhusen
D 26759 Hinte
having sole power of representation
born: 19.08.1963
Profession: Businessman
Further functions/participations of Gerhard Ites (Manager)
Shareholder:
Busse & Ites GmbH
Stedinger Str. 29
D 26723
Legal form: Private limited company dormant
Share capital: EUR
25.000,00
Share: EUR 12.500,00
Registered
on:
15.10.1999
Reg. data:
26603 Aurich, HRB 100427
Manager:
Busse & Ites GmbH
Stedinger Str. 29
D 26723
Legal form: Private limited company dormant
Share capital: EUR 25.000,00
Registered
on:
15.10.1999
Reg. data:
26603 Aurich, HRB 100427
BUSINESS ACTIVITIES
Sectors
2219 Manufacture of other rubber
products
46693 Wholesale of other
equipment and accessories for
machinery and technical supplies
FINANCIAL INFORMATION
Payment experience: within
periods customary in this trade
Negative information:We have no negative information at hand.
Maximum credit: 49.000 EUR
Balance sheet year: 2009
REAL ESTATE
Type of ownership: Tenant
Address Stedinger
Str. 29
D 26723
Land register documents were not available.
BANKERS
SPARKASSE
Sort. code: 28450000, BIC: BRLADE21EMD
FINANCIAL FIGURES
Turnover: 2009 EUR 3.780.000,00
Employees:
20
The aforementioned business figures may partly be estimated
information based on average values in the line of business.
BALANCE SHEETS
Balance
sheet ratios 2009
Equity
ratio [%]: 40,10
Liquidity
ratio: 0,49
Return
on total capital [%]: -2,55
Balance
sheet ratios 2008
Equity
ratio [%]: 41,67
Liquidity
ratio: 0,38
Return
on total capital [%]: 5,93
Balance
sheet ratios 2007
Equity
ratio [%]: 50,40
Liquidity
ratio: 0,66
Return
on total capital [%]: 4,97
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 1.583.773,87
Fixed assets EUR 456.387,26
Intangible assets EUR 435,76
Other / unspecified intangible
assetsEUR 435,76
Tangible assets EUR 455.951,50
Other / unspecified tangible assets EUR
455.951,50
Current assets EUR 1.109.620,10
Stocks EUR 708.929,00
Accounts receivable EUR 393.982,97
Other debtors and assets EUR 393.982,97
Liquid means EUR 6.708,13
Remaining other assets EUR 17.766,51
Accruals (assets) EUR 17.766,51
LIABILITIES EUR 1.583.773,87
Shareholders' equity EUR 635.268,59
Capital EUR 25.000,00
Subscribed capital (share capital) EUR 25.000,00
Balance sheet profit/loss (+/-) EUR 610.268,59
Profit / loss brought forward EUR 650.641,30
Annual surplus / annual deficit EUR -40.372,71
Provisions EUR 103.722,38
Liabilities EUR 809.782,90
Other liabilities EUR 809.782,90
Unspecified other liabilities EUR 809.782,90
Other liabilities EUR 35.000,00
Deferrals (liabilities) EUR 35.000,00
Type
of balance
sheet: Company balance sheet
Financial
year: 01.01.2008 - 31.12.2008
ASSETS EUR 1.620.035,94
Fixed assets EUR 342.784,76
Intangible assets EUR 1.721,76
Tangible assets EUR 341.063,00
Current assets EUR
1.261.595,03
Stocks EUR 942.004,00
Accounts receivable EUR 317.106,64
Liquid means EUR 2.484,39
Remaining other assets EUR 15.656,15
Accruals (assets) EUR 15.656,15
LIABILITIES EUR 1.620.035,94
Shareholders' equity EUR 675.641,30
Capital EUR 25.000,00
Subscribed capital (share capital) EUR 25.000,00
Balance sheet profit/loss (+/-) EUR 650.641,30
Profit / loss brought forward EUR 554.573,76
Annual surplus / annual deficit EUR 96.067,54
Provisions EUR 51.799,00
Liabilities EUR 847.595,64
Other liabilities EUR 45.000,00
Deferrals (liabilities) EUR 45.000,00
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.44.34 |
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1 |
Rs.73.69 |
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Euro |
1 |
Rs.65.75 |
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.