MIRA INFORM REPORT

 

 

Report Date :           

28.11.2011

 

IDENTIFICATION DETAILS

 

Name :

AUGUST FRIEDBERG GMBH

 

 

Registered Office :

Achternbergstrasse 38a, Gelsenkirchen, 45884

 

 

Country :

Germany

 

 

Financials (as on) :

31.12.2009

 

 

Date of Incorporation :

18.06.1997

 

 

Legal Form :

Private Independent Company

 

 

Line of Business :

wholesale of hardware, plumbing and heating equipment and supplies

 

 

No. of Employees :

35 Persons

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Moderate

Payment Behaviour :

No Complaints

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

 

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 

 

August Friedberg GmbH

Achternbergstrasse 38a

Gelsenkirchen, 45884

Germany

Tel:       +49 (0) 209 91320

Fax:      +49 (0) 209 9132178

 

 

Synthesis     

 

Employees:                  35

Company Type:             Private Independent

Incorporation Date:         18-Jun-1997     

Financials in:                 USD (Millions)

Fiscal Year End:            31-Dec-2009

Reporting Currency:       Euro

Annual Sales:               NA

Total Assets:                 3.6

 

 

Business Description     

 

August Friedberg GmbH is primarily engaged in wholesale of hardware, plumbing and heating equipment and supplies. This class also includes: wholesale of sanitary installation equipment (tubes, pipes, fittings, taps, T-pieces, connections, rubber pipes, etc.); and wholesale of tools such as hammers, saws, screwdrivers and other hand tools.

 

Industry

Industry            Miscellaneous Capital Goods

ANZSIC 2006:    3339 - Other Hardware Goods Wholesaling

NACE 2002:      5154 - Wholesale of hardware, plumbing and heating equipment and supplies

NAICS 2002:     4237 - Hardware, and Plumbing and Heating Equipment and Supplies Merchant Wholesalers

UK SIC 2003:    5154 - Wholesale of hardware, plumbing and heating equipment and supplies

US SIC 1987:    5072 - Hardware

 

           

Key Executives   

 

Name                                                   Title    

Dipl.-Oec. Ingrid Brand-Friedberg Managing director         


News   

 

Title                                                                                                                                         Date

Three German firms donate $28,000 worth of equipment, tools to NMCC wind power program

Bangor Daily News (ME) (739 Words)                                                                                          27-May-2011

 

Registered No.(DEU): 2384

 

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

Achternbergstrasse 38a

Gelsenkirchen, 45884

Germany

Tel:       +49 (0) 209 91320

Fax:      +49 (0) 209 9132178

           

Sales EUR(mil):             NA

Assets EUR(mil):           2.5

Employees:                   35

Fiscal Year End:            31-Dec-2009

Industry:                        Miscellaneous Capital Goods

Incorporation Date:         18-Jun-1997

Company Type:             Private Independent

Quoted Status:              Not Quoted

Registered No.(DEU):     2384

Managing director:         Dipl.-Oec. Ingrid Brand-Friedberg

 

Contents

·         Industry Codes

·         Business Description

·         Financial Data

·         Key Corporate Relationships

 

Industry Codes

 

ANZSIC 2006 Codes:

3323     -          Industrial and Agricultural Chemical Product Wholesaling

3339     -          Other Hardware Goods Wholesaling

3322     -          Metal and Mineral Wholesaling

 

NACE 2002 Codes:

5155     -          Wholesale of chemical products

5152     -          Wholesale of metals and ores

5154     -          Wholesale of hardware, plumbing and heating equipment and supplies

 

NAICS 2002 Codes:

4237     -          Hardware, and Plumbing and Heating Equipment and Supplies Merchant Wholesalers

423520  -          Coal and Other Mineral and Ore Merchant Wholesalers

4246     -          Chemical and Allied Products Merchant Wholesalers

 

US SIC 1987:

5072     -          Hardware

516       -          Chemicals and Allied Products

505       -          Metals and Minerals, Except Petroleum

 

UK SIC 2003:

5152     -          Wholesale of metals and ores

5155     -          Wholesale of chemical products

5154     -          Wholesale of hardware, plumbing and heating equipment and supplies

 

Business Description

August Friedberg GmbH is primarily engaged in wholesale of hardware, plumbing and heating equipment and supplies. This class also includes: wholesale of sanitary installation equipment (tubes, pipes, fittings, taps, T-pieces, connections, rubber pipes, etc.); and wholesale of tools such as hammers, saws, screwdrivers and other hand tools.

 

Financial Data

Financials in:

EUR(mil)

 

Assets:

2.5

Current Assets:

2.2

 

Total Liabilities:

2.5

 

Issued Capital:

0.1

 

Net Worth:

0.1

 

 

 

Date of Financial Data:

31-Dec-2009

 

1 Year Growth

NA

 

Key Corporate Relationships

Bank:

Deutsche Bank

 

 

 

 

 

 

 

 

 

 

Executive report

 

Executives

 

Name

Title

Function

 

Dipl.-Oec. Ingrid Brand-Friedberg

 

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

1.0

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

0.1

0.1

0.1

Profits for the year

0.1

0.1

0.1

Profit brought forward from previous year(s)

0.1

0.1

0.4

Total stockholders equity

0.1

0.2

0.2

Deferred taxation

0.1

-

0.3

Other provisions

0.9

0.5

0.2

Provisions and allowances

1.0

0.5

0.5

Trade creditors

0.2

0.4

0.4

Advances received

-

-

0.2

Other loans

0.1

0.2

0.0

Taxation and social security

2.2

1.1

1.2

Total current liabilities

2.5

1.7

1.8

Total liabilities (including net worth)

3.6

2.4

2.5

Patents

0.1

0.1

0.1

Intangibles

0.1

0.1

0.1

Total tangible fixed assets

0.3

0.4

0.1

Total non-current assets

0.4

0.5

0.2

Raw materials

0.0

-

0.0

Net stocks and work in progress

0.0

0.0

0.0

Trade debtors

1.2

0.6

1.6

Other receivables

1.9

1.2

0.6

Total receivables

3.1

1.8

2.2

Cash and liquid assets

0.1

0.0

0.1

Total current assets

3.2

1.9

2.4

Prepaid expenses and deferred costs

0.0

-

-

Total assets

3.6

2.4

2.5

 

 

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

12.92

10.89

12.96

Acid test ratio

12.89

10.82

12.89

Total liabilities to net worth

1.68%

1.14%

1.21%

Net worth to total assets

0.00%

0.01%

0.01%

Current liabilities to net worth

1.68%

1.14%

1.21%

Current liabilities to stock

36.73%

13.95%

14.45%

Fixed assets to net worth

0.28%

0.32%

0.10%

Net worth

0.1

0.2

0.2

Number of employees

-

60

57

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.52.17

UK Pound

1

Rs.80.64

Euro

1

Rs.69.43

 

 

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%)

 

 

 

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This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.