MIRA
INFORM REPORT
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Report Date : |
19.09.2011 |
IDENTIFICATION DETAILS
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Name : |
NORD-SCHROTT
GmbH & Co KG |
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Registered Office : |
Lilienthalstrasse 30 Flensburg, 24941 |
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Country : |
Germany |
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Financials (as on) : |
31.03.2010 |
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Date of Incorporation : |
01.01.1987 |
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Com. Reg. No.: |
2899FL |
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Legal Form : |
Private Parent |
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Line of Business : |
Wholesale of waste and scrap |
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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Status : |
Good |
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Payment Behaviour : |
Usually Correct |
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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
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Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
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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 and address
NORD-SCHROTT GmbH
& Co KG
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Business Description
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Founded in 1898, NORD-SCHROTT GmbH & Co. KG provides recycling
services to the industrial, commercial and retail sectors. The company
collects material, plastic, metal and electronic scraps. It owns and operates
an X-ray facility to sort zinc and iron from shredded materials. The company
uses shredders and alligator and flame cutters to sort recycled materials. It
manages a fleet of vehicles to provide distribution and logistics services.
The company specialises in the dismantling of pre-owned electronic appliances
and the extraction of fragments for processing in smelting and metallurgical
plants. Additionally, it supplies raw materials to various industrial firms
for use in production processes. |
Industry
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Industry |
Waste Management Services |
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ANZSIC 2006: |
3322 - Metal and Mineral Wholesaling |
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NACE 2002: |
5157 - Wholesale of waste and scrap |
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NAICS 2002: |
423930 - Recyclable Material Merchant
Wholesalers |
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UK SIC 2003: |
5157 - Wholesale of waste and scrap |
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US SIC 1987: |
5093 - Scrap and Waste Materials |
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1 - Profit &
Loss Item Exchange Rate: USD 1 = EUR 0.7086099
2 - Balance Sheet Item Exchange Rate: USD 1 = EUR 0.7390437
Corporate Overview
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Corporate Structure News
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Company Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
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Parent |
Flensburg, Schleswig-Holstein |
Germany |
Waste Management Services |
592.9 |
179 |
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Subsidiary |
Harrislee, Schleswig-Holstein |
Germany |
Trucking |
|
58 |
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31-Mar-2010 |
31-Mar-2009 |
31-Mar-2008 |
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Period Length |
12 Months |
12 Months |
12 Months |
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Filed Currency |
EUR |
EUR |
EUR |
|
Exchange Rate
(Period Average) |
0.70861 |
0.707647 |
0.707132 |
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Consolidated |
Yes |
Yes |
Yes |
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Total income |
592.9 |
505.9 |
679.1 |
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Raw materials and services |
524.5 |
453.6 |
614.3 |
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Net sales |
592.9 |
505.9 |
679.1 |
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Change in stock |
3.3 |
2.3 |
3.9 |
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Other operating income |
1.4 |
3.0 |
1.9 |
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Raw materials and consumables employed |
524.5 |
453.6 |
614.3 |
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Other external charges |
1.9 |
2.2 |
1.3 |
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Cost of goods sold |
526.4 |
455.8 |
615.6 |
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Cost of raw materials |
526.4 |
455.8 |
615.6 |
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Taxes and social security costs |
1.7 |
1.8 |
1.7 |
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Total payroll costs |
10.7 |
10.4 |
11.0 |
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Fixed asset depreciation and amortisation |
2.2 |
1.9 |
1.5 |
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Other operating costs |
82.9 |
68.1 |
62.5 |
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Net operating income |
16.9 |
9.0 |
25.6 |
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Interest received from loans |
0.5 |
0.2 |
0.3 |
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Income received from associated companies |
0.0 |
0.0 |
0.0 |
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Other income |
0.1 |
0.1 |
0.3 |
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Interest payable on loans |
1.9 |
1.9 |
5.0 |
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Other expenses |
1.0 |
- |
0.1 |
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Total expenses |
2.3 |
1.5 |
4.4 |
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Profit before tax |
14.5 |
7.6 |
21.2 |
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Provisions |
4.4 |
4.8 |
8.8 |
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Other taxes |
0.1 |
0.1 |
0.1 |
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Total taxation |
2.0 |
1.2 |
3.8 |
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Net profit |
12.4 |
6.3 |
17.3 |
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Annual Balance
Sheet |
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Financials in:
USD (mil) |
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31-Mar-2010 |
31-Mar-2009 |
31-Mar-2008 |
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Filed Currency |
EUR |
EUR |
EUR |
|
Exchange Rate |
0.739044 |
0.753182 |
0.631094 |
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Consolidated |
Yes |
Yes |
Yes |
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Total reserves |
7.5 |
6.5 |
10.6 |
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Total stockholders equity |
36.7 |
11.9 |
17.0 |
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Deferred taxation |
0.6 |
1.8 |
4.3 |
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Other provisions |
3.6 |
2.7 |
5.6 |
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Provision for pensions |
0.0 |
0.0 |
0.0 |
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Provisions and allowances |
4.3 |
4.5 |
9.9 |
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Other debentures |
8.8 |
14.5 |
18.2 |
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Taxes and social security |
- |
0.1 |
0.1 |
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Other long-term liabilities |
- |
- |
1.3 |
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Total long-term liabilities |
8.8 |
14.7 |
19.6 |
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Trade creditors |
13.3 |
8.7 |
14.4 |
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Other loans |
44.3 |
14.9 |
39.0 |
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Taxation and social security |
2.3 |
1.1 |
1.4 |
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Other current liabilities |
10.2 |
31.9 |
34.8 |
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Due to group companies |
0.2 |
0.1 |
0.2 |
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Owing to participants |
0.0 |
0.0 |
0.0 |
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Total current liabilities |
70.2 |
56.7 |
89.8 |
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Total liabilities (including net worth) |
119.9 |
87.7 |
136.2 |
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Patents |
0.1 |
0.1 |
0.1 |
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Goodwill |
0.0 |
0.0 |
0.0 |
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Intangibles |
0.1 |
0.1 |
0.1 |
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Land and buildings |
9.6 |
10.2 |
9.7 |
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Machinery and tools |
2.8 |
2.9 |
2.8 |
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Fixtures and equipment |
9.6 |
10.2 |
9.7 |
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Fixed assets under construction |
- |
0.0 |
1.1 |
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Total tangible fixed assets |
13.8 |
14.3 |
14.9 |
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Long-term investments |
0.1 |
0.7 |
0.1 |
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Other financial assets |
0.0 |
0.0 |
0.0 |
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Shares held in associated companies |
0.7 |
0.7 |
0.8 |
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Total financial assets |
0.8 |
2.0 |
1.7 |
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Loans to associated companies |
- |
0.7 |
0.8 |
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Total non-current assets |
14.6 |
16.5 |
16.6 |
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Raw materials |
0.0 |
0.4 |
0.1 |
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Work in progress |
1.2 |
1.1 |
1.3 |
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Finished goods |
19.8 |
18.0 |
27.1 |
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Net stocks and work in progress |
21.0 |
19.6 |
28.4 |
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Trade debtors |
70.5 |
45.0 |
80.9 |
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Other receivables |
11.6 |
5.0 |
9.0 |
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Total receivables |
83.4 |
51.3 |
90.8 |
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Owing from associated companies |
1.3 |
1.2 |
0.9 |
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Owing from participants |
0.0 |
0.0 |
0.0 |
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Cash and liquid assets |
0.7 |
0.1 |
0.1 |
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Total current assets |
105.1 |
70.9 |
119.2 |
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Prepaid expenses and deferred costs |
0.3 |
0.3 |
0.3 |
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Total assets |
119.9 |
87.7 |
136.2 |
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Annual Ratios |
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Financials in:
USD (mil) |
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|
|
|
31-Mar-2010 |
31-Mar-2009 |
31-Mar-2008 |
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Period Length |
12 Months |
12 Months |
12 Months |
|
Filed Currency |
EUR |
EUR |
EUR |
|
Exchange Rate |
0.739044 |
0.753182 |
0.631094 |
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Consolidated |
Yes |
Yes |
Yes |
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|
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Current ratio |
14.96 |
12.51 |
13.28 |
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Acid test ratio |
11.97 |
9.06 |
10.12 |
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Total liabilities to net worth |
0.22% |
0.60% |
0.64% |
|
Net worth to total assets |
0.03% |
0.01% |
0.01% |
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Current liabilities to net worth |
0.19% |
0.48% |
0.53% |
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Current liabilities to stock |
0.33% |
0.29% |
0.32% |
|
Fixed assets to net worth |
0.04% |
0.14% |
0.10% |
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Collection period |
453.00 |
347.00 |
387.00 |
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Stock turnover rate |
0.37 |
0.41 |
0.37 |
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Profit margin |
0.00% |
0.00% |
0.00% |
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Return on assets |
0.01% |
0.01% |
0.02% |
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Shareholders' return |
0.03% |
0.05% |
0.11% |
|
Sales per employee |
240.07 |
199.99 |
284.16 |
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Profit per employee |
5.03 |
2.49 |
7.25 |
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Average wage per employee |
4.34 |
4.10 |
4.59 |
|
Net worth |
36.7 |
11.9 |
17.0 |
|
Number of employees |
175 |
179 |
169 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.47.46 |
|
|
1 |
Rs.74.96 |
|
Euro |
1 |
Rs.65.79 |
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 |
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-- |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.