MIRA INFORM REPORT

 

 

Report Date :

25.08.2012

 

IDENTIFICATION DETAILS

 

Name :

TARA STEEL TRADING GMBH

 

 

Registered Office :

Grafenberger Allee 151, Dusseldorf, 40237

 

 

Country :

Germany

 

 

Financials (as on) :

31.12.2010

 

 

Year of Establishment :

1996

 

 

Com. Reg. No.:

33411

 

 

Legal Form :

Private Independent Company

 

 

Line of Business :

wholesaler of ferrous and non-ferrous metal ores

 

 

No. of Employees :

07 employees

 

 

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 :

Slow

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, 2012

 

Country Name

Previous Rating

(31.12.2011)

Current Rating

(31.03.2012)

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 

 

TARA Steel Trading GmbH

Grafenberger Allee 151

Dusseldorf, 40237

Germany

Tel:       +49 (0) 211 690620

Fax:      +49 (0) 211 6906216

 

 

Synthesis  

 

Employees:                  7

Company Type:            Private Independent

Incorporation Date:         1996   

Financials in:                 USD (Millions)

Fiscal Year End:            31-Dec-2010

Reporting Currency:       Euro

Annual Sales:                NA

Total Assets:                73.8

 

 

Business Description     

 

TARA Steel Trading GmbH is primarily engaged in wholesale of ferrous and non-ferrous metal ores; wholesale of ferrous and non-ferrous metals in primary forms; wholesale of ferrous and non-ferrous semi-finished metal products not elsewhere classified; and wholesale of gold and other precious metals.

 

Industry             

Industry            Miscellaneous Capital Goods

ANZSIC 2006:    3322 - Metal and Mineral Wholesaling

NACE 2002:      5152 - Wholesale of metals and ores

NAICS 2002:     423520 - Coal and Other Mineral and Ore Merchant Wholesalers

UK SIC 2003:    5152 - Wholesale of metals and ores

US SIC 1987:    5051 - Metals Service Centers and Offices

 

           

Key Executives   

 

Name                           Title    

Farhad Sabetgilani         Managing director         

 

Registered No.(DEU):   33411

 

1 - Profit & Loss Item Exchange Rate: USD 1 = EUR 0.7550783

2 - Balance Sheet Item Exchange Rate: USD 1 = EUR 0.7454064

Corporate Overview

 

Location

Grafenberger Allee 151

Dusseldorf, 40237

Germany

Tel:       +49 (0) 211 690620

Fax:      +49 (0) 211 6906216

           

Sales EUR(mil):             NA

Assets EUR(mil):           55.0

Employees:                   7

Fiscal Year End:            31-Dec-2010

Industry:                        Miscellaneous Capital Goods

Incorporation Date:         1996

Company Type:             Private Independent

Quoted Status:              Not Quoted

Registered No.(DEU):     33411

Managing director:         Farhad Sabetgilani

 

Contents

Industry Codes

Business Description

Financial Data

Key Corporate Relationships

 

Industry Codes

 

ANZSIC 2006 Codes:

3494     -          Other Electrical and Electronic Goods Wholesaling

3322     -          Metal and Mineral Wholesaling

 

NACE 2002 Codes:

5152     -          Wholesale of metals and ores

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

 

NAICS 2002 Codes:

423520  -          Coal and Other Mineral and Ore Merchant Wholesalers

4236     -          Electrical and Electronic Goods Merchant Wholesalers

 

US SIC 1987:

5064     -          Electrical Appliances, Television and Radio Sets

5051     -          Metals Service Centers and Offices

 

UK SIC 2003:

5152     -          Wholesale of metals and ores

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

 

Business Description

TARA Steel Trading GmbH is primarily engaged in wholesale of ferrous and non-ferrous metal ores; wholesale of ferrous and non-ferrous metals in primary forms; wholesale of ferrous and non-ferrous semi-finished metal products not elsewhere classified; and wholesale of gold and other precious metals.

 

Financial Data

Financials in:

EUR(mil)

 

Assets:

55.0

Current Assets:

51.5

 

Total Liabilities:

55.0

 

Issued Capital:

1.5

 

Net Worth:

2.8

 

 

 

Date of Financial Data:

31-Dec-2010

 

1 Year Growth

NA

 

Key Corporate Relationships

Bank:

Europäisch-Iranische Handelsbank, Bank Melli Iran, Commerzbank

 

 

 

 

 

 

 

 

 

Executive report

 

Executives

 

Name

Title

Function

 

Farhad Sabetgilani

 

Managing director

Managing Director

 

 

 

Annual Profit & Loss

 

 

 

31-Dec-2010

31-Dec-2009

31-Dec-2008

Period Length

12 Months

12 Months

12 Months

Filed Currency

EUR

EUR

EUR

Exchange Rate (Period Average)

0.755078

0.719047

0.683679

Consolidated

No

No

No

 

 

 

 

Taxes and social security costs

-

0.1

0.1

Total payroll costs

-

0.7

0.8

Fixed asset depreciation and amortisation

-

0.1

0.1

Other operating costs

-

0.9

4.8

Net operating income

-

2.0

2.1

Other income

-

0.3

0.5

Interest payable on loans

-

1.5

2.0

Total expenses

-

1.2

1.5

Profit before tax

-

0.8

0.6

Provisions

0.8

0.7

1.1

Other taxes

-

0.0

0.0

Total taxation

-

0.3

0.2

Net profit

-

0.5

0.3

 

 

 

Annual Balance Sheet

Financials in: USD (mil)

 

 

 

31-Dec-2010

31-Dec-2009

31-Dec-2008

Filed Currency

EUR

EUR

EUR

Exchange Rate

0.745406

0.696986

0.719399

Consolidated

No

No

No

 

 

 

 

Issued capital

2.0

2.2

2.1

Profits for the year

1.7

1.5

1.0

Profit brought forward from previous year(s)

1.4

1.0

0.7

Total stockholders equity

3.7

3.7

3.1

Provisions and allowances

0.8

0.7

1.1

Taxes and social security

-

-

2.6

Total long-term liabilities

-

-

2.6

Other loans

64.3

13.8

10.1

Taxation and social security

4.8

7.7

0.1

Due to group companies

0.3

0.4

0.6

Total current liabilities

69.3

21.8

10.8

Total liabilities (including net worth)

73.8

26.2

17.6

Patents

0.0

-

-

Intangibles

0.0

-

-

Land and buildings

4.8

5.2

2.3

Fixtures and equipment

4.8

5.2

2.3

Total tangible fixed assets

4.8

5.2

2.4

Total non-current assets

4.8

5.2

2.4

Net stocks and work in progress

55.7

7.9

8.8

Other receivables

10.1

6.4

-

Total receivables

10.1

6.5

1.9

Owing from associated companies

-

0.1

-

Cash and liquid assets

3.3

6.6

4.5

Total current assets

69.0

21.0

15.2

Prepaid expenses and deferred costs

0.0

0.0

0.0

Total assets

73.8

26.2

17.6

 

Annual Ratios

Financials in: USD (mil)

 

 

 

31-Dec-2010

31-Dec-2009

31-Dec-2008

Period Length

12 Months

12 Months

12 Months

Filed Currency

EUR

EUR

EUR

Exchange Rate

0.745406

0.696986

0.719399

Consolidated

No

No

No

 

 

 

 

Current ratio

9.96

9.62

14.06

Acid test ratio

1.93

5.99

5.93

Total liabilities to net worth

1.85%

0.60%

0.44%

Net worth to total assets

0.01%

0.01%

0.02%

Current liabilities to net worth

1.85%

0.60%

0.35%

Current liabilities to stock

0.12%

0.28%

0.12%

Fixed assets to net worth

0.13%

0.14%

0.08%

Return on assets

-

0.01%

0.01%

Shareholders' return

-

0.01%

0.01%

Profit per employee

-

4.80

3.03

Average wage per employee

-

7.59

8.29

Net worth

3.7

3.7

3.1

Number of employees

7

7

7

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.55.38

UK Pound

1

Rs.87.80

Euro

1

Rs.69.48

 

INFORMATION DETAILS

 

Report Prepared by :

MNL

 

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.