MIRA
INFORM REPORT
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Report Date : |
21.09.2011 |
IDENTIFICATION DETAILS
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Name : |
GRAEWE GMBH & CO. KG |
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Registered Office : |
Im Bruch 3 Finnentrop, 57413 |
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Country : |
Germany |
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Financials (as on) : |
31.12.2009 |
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Date of Incorporation : |
26.01.1984 |
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Com. Reg. No.: |
6559 |
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Legal Form : |
Private Independent |
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Line of Business : |
Manufacture of fasteners, screw machine products, chains and springs |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
No Complaints |
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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
Graewe GmbH & Co. KG
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Business
Description
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Graewe GmbH & Co. KG is primarily engaged in manufacture of
rivets, washers and similar non-threaded products; manufacture of screw
machine products: bolts, screws, nuts; manufacture of springs (leaf springs,
helical springs, torsion bar springs; leaves for springs); and manufacture of
chain, except power transmission chain. |
Industry
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Industry |
Miscellaneous Fabricated Products |
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ANZSIC 2006: |
2292 - Nut, Bolt, Screw and Rivet
Manufacturing |
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NACE 2002: |
2874 - Manufacture of fasteners, screw
machine products, chains and springs |
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NAICS 2002: |
33272 - Turned Product and Screw, Nut, and
Bolt Manufacturing |
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UK SIC 2003: |
2874 - Manufacture of fasteners, screw
machine products, chains and springs |
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US SIC 1987: |
3452 - Bolts, Nuts, Screws, Rivets, and
Washers |
1 - Profit &
Loss Item Exchange Rate: USD 1 = EUR 0.7190468
2 - Balance Sheet Item Exchange Rate: USD 1 = EUR 0.6969855
Corporate Overview
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31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
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Period Length |
12 Months |
12 Months |
12 Months |
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Filed Currency |
EUR |
EUR |
EUR |
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Exchange Rate
(Period Average) |
0.719047 |
0.683679 |
0.730637 |
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Consolidated |
No |
No |
No |
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Total income |
- |
15.7 |
- |
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Net sales |
- |
15.7 |
- |
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Taxes and social security costs |
0.8 |
0.9 |
0.7 |
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Total payroll costs |
4.9 |
6.3 |
5.0 |
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Fixed asset depreciation and amortisation |
0.3 |
0.4 |
0.3 |
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Other operating costs |
9.9 |
12.3 |
9.0 |
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Net operating income |
1.0 |
2.9 |
2.2 |
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Other income |
0.1 |
0.0 |
0.0 |
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Interest payable on loans |
0.6 |
0.6 |
0.4 |
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Total expenses |
0.5 |
0.6 |
0.4 |
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Profit before tax |
0.5 |
2.3 |
1.8 |
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Provisions |
0.3 |
0.6 |
0.7 |
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Total taxation |
0.1 |
0.4 |
0.4 |
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Profit distributed to shareholders |
0.0 |
-0.1 |
-0.1 |
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Net profit |
0.4 |
1.9 |
1.4 |
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Annual Balance
Sheet |
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Financials in:
USD (mil) |
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31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
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Filed Currency |
EUR |
EUR |
EUR |
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Exchange Rate |
0.696986 |
0.719399 |
0.683971 |
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Consolidated |
No |
No |
No |
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Total reserves |
0.3 |
0.3 |
0.3 |
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Total stockholders equity |
3.4 |
4.0 |
3.3 |
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Provisions and allowances |
0.3 |
0.6 |
0.8 |
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Other debentures |
3.0 |
- |
2.8 |
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Taxes and social security |
0.2 |
- |
0.9 |
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Total long-term liabilities |
3.2 |
- |
3.7 |
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Other loans |
4.6 |
7.0 |
3.4 |
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Taxation and social security |
5.5 |
5.2 |
2.7 |
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Total current liabilities |
10.6 |
12.2 |
6.1 |
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Total liabilities (including net worth) |
17.6 |
16.8 |
14.3 |
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Patents |
0.0 |
- |
- |
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Other intangibles |
- |
0.0 |
0.1 |
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Intangibles |
0.0 |
0.0 |
0.1 |
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Machinery and tools |
0.2 |
0.1 |
0.2 |
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Fixed assets under construction |
- |
- |
0.1 |
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Total tangible fixed assets |
0.9 |
0.8 |
1.2 |
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Other financial assets |
1.9 |
0.9 |
- |
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Total financial assets |
1.9 |
0.9 |
- |
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Total non-current assets |
2.8 |
1.8 |
1.2 |
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Net stocks and work in progress |
7.1 |
8.7 |
7.4 |
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Other receivables |
7.7 |
6.3 |
5.6 |
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Total receivables |
7.7 |
6.3 |
5.6 |
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Cash and liquid assets |
0.0 |
0.0 |
0.0 |
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Total current assets |
14.8 |
15.0 |
13.0 |
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Prepaid expenses and deferred costs |
0.0 |
0.1 |
0.1 |
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Total assets |
17.6 |
16.8 |
14.3 |
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Annual Ratios |
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Financials in:
USD (mil) |
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31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
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Period Length |
12 Months |
12 Months |
12 Months |
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Filed Currency |
EUR |
EUR |
EUR |
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Exchange Rate |
0.696986 |
0.719399 |
0.683971 |
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Consolidated |
No |
No |
No |
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Current ratio |
13.93 |
12.25 |
21.25 |
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Acid test ratio |
7.23 |
5.15 |
9.14 |
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Total liabilities to net worth |
0.40% |
0.31% |
0.30% |
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Net worth to total assets |
0.02% |
0.02% |
0.02% |
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Current liabilities to net worth |
0.31% |
0.31% |
0.19% |
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Current liabilities to stock |
0.15% |
0.14% |
0.08% |
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Fixed assets to net worth |
0.08% |
0.04% |
0.04% |
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Stock turnover rate |
- |
5.81 |
- |
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Profit margin |
- |
0.01% |
- |
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Return on assets |
0.01% |
0.01% |
0.01% |
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Shareholders' return |
0.01% |
0.05% |
0.05% |
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Sales per employee |
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12.96 |
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Profit per employee |
0.33 |
1.58 |
1.58 |
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Average wage per employee |
4.24 |
5.17 |
5.50 |
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Net worth |
3.4 |
4.0 |
3.3 |
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Number of employees |
84 |
83 |
66 |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.48.22 |
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1 |
Rs.75.63 |
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Euro |
1 |
Rs.65.64 |
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.