MIRA INFORM REPORT

 

 

Report Date :

30.08.2012

 

IDENTIFICATION DETAILS

 

Name :

KUBE-STAHL GMBH & CO. KG

 

 

Registered Office :

Helmholtzstrasse 10-12, Langenfeld (Rheinland), 40764

 

 

Country :

Germany

 

 

Financials (as on) :

31.12.2010

 

 

Date of Incorporation :

25.02.1982

 

 

Com. Reg. No.:

16033

 

 

Legal Form :

Private Independent Company

 

 

Line of Business :

wholesaler of ferrous and non-ferrous metal ores

 

 

No. of Employees :

56 employees

 

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 :

Slow but Correct

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 

 

Kube-Stahl GmbH & Co. KG

Helmholtzstrasse 10-12

Langenfeld (Rheinland), 40764

Germany

Tel:       49-217385000

Fax:      49-2173850085

Web     www.kube-stahl.com

           

 

Synthesis

 

Employees:                  56

Company Type:            Private Independent

Incorporation Date:         25-Feb-1982    

Financials in:                 USD (Millions)

Fiscal Year End:            31-Dec-2010

Reporting Currency:       Euro

Annual Sales:               NA

Total Assets:                15.8

 

 

Business Description     

 

Kube-Stahl GmbH & Co. KG 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            Iron and Steel

ANZSIC 2006:    2110 - Iron Smelting and Steel Manufacturing

NACE 2002:      2710 - Manufacture of basic iron and steel and of ferro-alloys

NAICS 2002:     331111 - Iron and Steel Mills

UK SIC 2003:    2710 - Manufacture of basic iron and steel and of ferro-alloys

US SIC 1987:    3312 - Steel Works, Blast Furnaces (Including Coke Ovens), and Rolling Mills

 

 

Key Executives   

 

 

Name

Title

Werner Felgenhauer

General Manager-Sales

Sandra Kube

General Manager-Sales-Export

Thomas Brix

Director-Sales

Bernd Kube

Director-Sales

Bruno Kube

Director-Sales

 

 

Registered No.(DEU):   16033

 

 

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

Helmholtzstrasse 10-12

Langenfeld (Rheinland), 40764

Germany

Tel:       49-217385000

Fax:      49-2173850085

Web:    www.kube-stahl.com

           

Sales EUR(mil):             NA

Assets EUR(mil):           11.8

Employees:                   56

Fiscal Year End :           31-Dec-2010

Industry:                        Iron and Steel

Incorporation Date:         25-Feb-1982

Company Type:             Private Independent

Quoted Status:              Not Quoted

Registered No.(DEU):     16033

General Manager-

Sales-Export :               Sandra Kube

 

Contents

Industry Codes

Business Description

Financial Data

Key Corporate Relationships

 

Industry Codes

 

ANZSIC 2006 Codes:

2110     -          Iron Smelting and Steel Manufacturing

 

NACE 2002 Codes:

2710     -          Manufacture of basic iron and steel and of ferro-alloys

 

NAICS 2002 Codes:

331111  -          Iron and Steel Mills

US SIC 1987:

3312     -          Steel Works, Blast Furnaces (Including Coke Ovens), and Rolling Mills

 

UK SIC 2003:

2710     -          Manufacture of basic iron and steel and of ferro-alloys

 

Business Description

Stainless Steel Distr

 

More Business Descriptions

Kube-Stahl GmbH & Co. KG 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:

11.8

Current Assets:

11.4

 

Total Liabilities:

11.8

 

Net Worth:

2.5

 

 

 

Date of Financial Data:

31-Dec-2010

 

1 Year Growth

NA

 

Key Corporate Relationships

Bank:

Commerzbank, Commerzbank vormals Dresdner Bank, Stadt-Sparkasse Langenfeld

 

 

 

 

 

 

 

 

 

 

Executive report

 

Executives

 

Name

Title

Function

 

Werner Felgenhauer

 

General Manager-Sales

Division Head Executive

 

Sandra Kube

 

General Manager-Sales-Export

Division Head Executive

 

Tobias Bender

 

Assistant Manager-Sales-Export

Sales Executive

 

Thomas Brix

 

Director-Sales

Sales Executive

 

Jutta Brosge

 

Assistant Manager-Sales

Sales Executive

 

Christian Busse

 

Assistant Manager-Sales

Sales Executive

 

Bernd Kube

 

Director-Sales

Sales Executive

 

Bruno Kube

 

Director-Sales

Sales Executive

 




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

 

 

 

 

Total income

-

-

81.5

Raw materials and services

-

-

68.8

Net sales

-

-

81.5

Other operating income

-

-

0.8

Raw materials and consumables employed

-

-

68.8

Other external charges

-

-

0.2

Cost of goods sold

-

-

69.0

Cost of raw materials

-

-

69.0

Taxes and social security costs

0.6

0.6

0.7

Total payroll costs

3.3

3.4

4.4

Cost of stock depreciation and amortisation

-

-

3.9

Fixed asset depreciation and amortisation

0.1

0.1

0.1

Other operating costs

8.2

9.1

14.9

Net operating income

2.1

-2.2

-0.7

Other income

-

0.0

0.0

Interest payable on loans

1.0

1.4

1.4

Total expenses

1.0

1.4

1.4

Profit before tax

1.1

-3.6

-2.0

Extraordinary income

-

-

0.2

Provisions

0.2

0.2

0.5

Extraordinary result

-

-

0.2

Total taxation

-

-

0.0

Net profit

1.1

-

-

Net loss

-

-3.6

-1.8

 

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

 

 

 

 

Total stockholders equity

3.4

3.8

7.3

Deferred taxation

-

-

0.1

Other provisions

-

-

0.4

Provisions and allowances

0.2

0.2

0.5

Convertible debentures

1.3

-

-

Other debentures

-

-

8.5

Total long-term liabilities

-

-

8.5

Trade creditors

-

-

4.6

Other loans

-

-

7.4

Taxation and social security

-

-

0.3

Other current liabilities

-

-

0.2

Total current liabilities

10.9

17.5

12.4

Total liabilities (including net worth)

15.8

21.6

28.7

Patents

0.1

-

-

Other intangibles

-

0.0

-

Intangibles

0.1

0.0

-

Total tangible fixed assets

0.4

0.4

0.4

Total non-current assets

0.5

0.4

0.4

Raw materials

-

-

0.0

Finished goods

-

-

25.6

Net stocks and work in progress

13.7

19.3

25.6

Trade debtors

-

-

0.2

Other receivables

-

-

1.0

Total receivables

1.5

1.7

2.5

Cash and liquid assets

0.0

0.0

0.0

Total current assets

15.2

21.0

28.1

Prepaid expenses and deferred costs

0.1

0.2

0.1

Total assets

15.8

21.6

28.7

 

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

13.95

11.98

22.61

Acid test ratio

1.43

0.97

2.00

Total liabilities to net worth

0.33%

0.46%

0.29%

Net worth to total assets

0.02%

0.02%

0.03%

Current liabilities to net worth

0.33%

0.46%

0.17%

Current liabilities to stock

0.08%

0.09%

0.05%

Fixed assets to net worth

0.01%

0.01%

0.01%

Collection period

-

-

7.00

Stock turnover rate

-

-

3.31

Profit margin

-

-

0.00%

Return on assets

0.01%

-0.01%

0.00%

Shareholders' return

0.03%

-0.10%

-0.02%

Sales per employee

-

-

87.03

Profit per employee

1.43

-4.02

-2.13

Average wage per employee

4.43

3.80

4.70

Net worth

3.4

3.8

7.3

Number of employees

56

64

64

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.55.67

UK Pound

1

Rs.88.05

Euro

1

Rs.69.96

 

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%)

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.