MIRA INFORM REPORT

 

 

Report Date :           

14.10.2011

 

IDENTIFICATION DETAILS

 

Name :

INDUSTRIE-KONTOR GMBH

 

 

Registered Office :

Dieselstrasse 3, Malsch, 76316

 

 

Country :

Germany

 

 

Financials (as on) :

31.12.2009

 

 

Date of Incorporation :

22.02.1971

 

 

Com. Reg. No.:

352285

 

 

Legal Form :

Private Independent Company

 

 

Line of Business :

wholesale of gramophone, audio tapes, compact discs and video tapes and of the equipment on which these are played

 

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 :

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 

 

Industrie-Kontor GmbH

Dieselstrasse 3

Malsch, 76316

Germany

Tel:       +49 (0) 7246 70040

Fax:      +49 (0) 7246 700420

 

 

Synthesis  

 

Employees:                  11

Company Type:            Private Independent

Incorporation Date:         22-Feb-1971    

Financials in                  USD (Millions)

Fiscal Year End:            31-Dec-2009

Reporting Currency:       Euro

Annual Sales:                NA

Total Assets:                 9.1

 

 

Business Description     

 

Industrie-Kontor GmbH is primarily engaged in wholesale of gramophone records, audio tapes, compact discs and video tapes and of the equipment on which these are played; and wholesale of radios and televisions; wholesale of electrical household appliances not elsewhere classified.

 

Industry

Industry            Appliance and Tool

ANZSIC 2006:    3494 - Other Electrical and Electronic Goods Wholesaling

NACE 2002:      5143 - Wholesale of electrical household appliances and radio and television goods

NAICS 2002:     4236 - Electrical and Electronic Goods Merchant Wholesalers

UK SIC 2003:    5143 - Wholesale of electrical household appliances and radio and television goods

US SIC 1987:    5084 - Industrial Machinery and Equipment

 

           

Key Executives   

 

Name                                                   Title    

Albert Selensky                                     Managing director         

 

Registered No.(DEU): 352285

 

 

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

Dieselstrasse 3

Malsch, 76316

Germany

Tel:       +49 (0) 7246 70040

Fax:      +49 (0) 7246 700420

           

Sales EUR(mil):             NA

Assets EUR(mil):           6.4

Employees:                   11

Fiscal Year End:            31-Dec-2009

Industry:                        Appliance and Tool

Incorporation Date:         22-Feb-1971

Company Type:             Private Independent

Quoted Status:              Not Quoted

Registered No.(DEU):     352285

Managing director:         Albert Selensky

 

Contents

·         Industry Codes

·         Business Description

·         Financial Data

·         Key Corporate Relationships

 

Industry Codes

 

ANZSIC 2006 Codes:

6240     -          Financial Asset Investing

3739     -          Other Goods Wholesaling Not Elsewhere Classified

3494     -          Other Electrical and Electronic Goods Wholesaling

 

NACE 2002 Codes:

5147     -          Wholesale of other household goods

5143     -          Wholesale of electrical household appliances and radio and television goods

6523     -          Other financial intermediation not elsewhere classified

 

NAICS 2002 Codes:

5259     -          Other Investment Pools and Funds

4232     -          Furniture and Home Furnishing Merchant Wholesalers

4236     -          Electrical and Electronic Goods Merchant Wholesalers

 

US SIC 1987:

67         -          Holding and Other Investment Offices

5084     -          Industrial Machinery and Equipment

5099     -          Durable Goods, Not Elsewhere Classified

 

UK SIC 2003:

5143     -          Wholesale of electrical household appliances and radio and television goods

5147     -          Wholesale of other household goods

6523     -          Other financial intermediation not elsewhere classified

 

Business Description

Industrie-Kontor GmbH is primarily engaged in wholesale of gramophone records, audio tapes, compact discs and video tapes and of the equipment on which these are played; and wholesale of radios and televisions; wholesale of electrical household appliances not elsewhere classified.

 

Financial Data

Financials in:

EUR(mil)

 

Assets:

6.4

Current Assets:

6.1

 

Total Liabilities:

6.4

 

Issued Capital:

0.1

 

Net Worth:

5.1

 

 

 

Date of Financial Data:

31-Dec-2009

 

1 Year Growth

NA

Key Corporate Relationships

Bank:

Commerzbank, Dresdner Bank, Deutsche Bank

 

 

 

 

 

 

 

 

 

Executive report

 

Executives

 

Name

Title

Function

 

Albert Selensky

 

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

1.1

1.5

1.0

 

 

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

7.3

6.5

5.9

Profit brought forward from previous year(s)

6.7

5.6

5.1

Total stockholders equity

7.4

6.5

6.0

Provisions and allowances

1.1

1.4

1.1

Total current liabilities

0.6

0.3

0.4

Total liabilities (including net worth)

9.1

8.2

7.5

Intangibles

0.0

0.0

0.0

Total tangible fixed assets

0.4

0.5

0.4

Total non-current assets

0.4

0.5

0.4

Net stocks and work in progress

-

0.4

0.3

Total receivables

-

1.8

2.1

Cash and liquid assets

-

1.1

1.4

Short-term investments

-

4.4

3.1

Total current assets

8.7

7.7

7.0

Prepaid expenses and deferred costs

0.0

0.0

0.0

Total assets

9.1

8.2

7.5

 

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

-

293.05

163.08

Acid test ratio

-

277.80

156.42

Total liabilities to net worth

0.01%

0.00%

0.01%

Net worth to total assets

0.08%

0.08%

0.08%

Current liabilities to net worth

0.01%

0.00%

0.01%

Current liabilities to stock

-

0.07%

0.15%

Fixed assets to net worth

0.01%

0.01%

0.01%

Net worth

7.4

6.5

6.0

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.49.02

UK Pound

1

Rs.77.13

Euro

1

Rs.67.56

 

 

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

----

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.