MIRA INFORM REPORT
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Report Date : |
22.12.2012 |
IDENTIFICATION DETAILS
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Name : |
RISTIC AG |
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Registered Office : |
Am Espen 15 Burgthann, 90559 |
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Country : |
Germany |
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Financials (as on) : |
30.06.2011 |
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Year of Establishment : |
1961 |
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Com. Reg. No.: |
17743 |
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Legal Form : |
Public Independent |
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Line of Business : |
Wholesale of other food including fish, crustaceans and molluscs |
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No. of Employees : |
20 |
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 : |
Satisfactory |
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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 – June 30th, 2012
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Country Name |
Previous Rating (31.03.2011) |
Current Rating (30.06.2012) |
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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 |
GERMANY - ECONOMIC OVERVIEW
The German economy - the
fifth largest economy in the world in PPP terms and Europe's largest - is a
leading exporter of machinery, vehicles, chemicals, and household equipment and
benefits from a highly skilled labor force. Like its Western European
neighbors, Germany faces significant demographic challenges to sustained
long-term growth. Low fertility rates and declining net immigration are
increasing pressure on the country's social welfare system and necessitate
structural reforms. Reforms launched by the government of Chancellor Gerhard
SCHROEDER (1998-2005), deemed necessary to address chronically high
unemployment and low average growth, contributed to strong growth in 2006 and
2007 and falling unemployment. These advances, as well as a government
subsidized, reduced working hour scheme, help explain the relatively modest
increase in unemployment during the 2008-09 recession - the deepest since World
War II - and its decrease to 6.0% in 2011. GDP contracted 5.1% in 2009 but grew
by 3.6% in 2010, and 2.7% in 2011. The recovery was attributable primarily to
rebounding manufacturing orders and exports - increasingly outside the Euro
Zone. Germany's central bank projects that GDP will grow 0.6% in 2012, a
reflection of the worsening euro-zone financial crisis and the financial burden
it places on Germany as well as falling demand for German exports. Domestic
demand is therefore becoming a more significant driver of Germany's economic expansion.
Stimulus and stabilization efforts initiated in 2008 and 2009 and tax cuts
introduced in Chancellor Angela MERKEL's second term increased Germany's budget
deficit to 3.3% in 2010, but slower spending and higher tax revenues reduce the
deficit to 1.7% in 2011, below the EU's 3% limit. A constitutional amendment
approved in 2009 limits the federal government to structural deficits of no
more than 0.35% of GDP per annum as of 2016. Following the March 2011 Fukushima
nuclear disaster, Chancellor Angela Merkel announced in May 2011 that eight of
the country's 17 nuclear reactors would be shut down immediately and the
remaining plants would close by 2022. Germany hopes to replace nuclear power
with renewable energy. Before the shutdown of the eight reactors, Germany
relied on nuclear power for 23% of its energy and 46% of its base-load
electrical production.
Source : CIA
Company
name and address
Ristic AG
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Business
Description
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Ristic AG is primarily engaged in wholesale of other food including
fish, crustaceans and molluscs. This class also includes: wholesale of potato
products; and wholesale of feed for pet animals. |
Industry
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Industry |
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ANZSIC 2006: |
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NACE 2002: |
5138 - Wholesale of other food including fish,
crustaceans and molluscs |
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NAICS 2002: |
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UK SIC 2003: |
5138 - Wholesale of other food including fish,
crustaceans and molluscs |
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UK SIC 2007: |
4638 - Wholesale of other food, including fish,
crustaceans and molluscs |
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US SIC 1987: |
Key Executives
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1 - Profit &
Loss Item Exchange Rate: USD 1 = EUR 0.7347003
2 - Balance Sheet Item Exchange Rate: USD 1 = EUR 0.6897265
Corporate
Overview
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Executives
Report
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Annual
Profit & Loss
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30-Jun-2011 |
30-Jun-2010 |
30-Jun-2009 |
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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) |
0.7347 |
0.721483 |
0.731067 |
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Consolidated |
No |
No |
No |
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Taxes and social security costs |
0.5 |
0.5 |
0.5 |
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Total payroll costs |
1.7 |
1.7 |
1.7 |
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Fixed asset depreciation and amortisation |
0.1 |
0.1 |
0.1 |
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Other operating costs |
6.8 |
8.0 |
6.8 |
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Net operating income |
1.2 |
-1.4 |
2.6 |
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Other income |
0.1 |
0.0 |
0.0 |
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Interest payable on loans |
0.2 |
0.2 |
0.4 |
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Total expenses |
0.1 |
0.2 |
0.4 |
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Profit before tax |
1.1 |
-1.5 |
2.2 |
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Extraordinary income |
0.0 |
- |
- |
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Provisions |
1.7 |
4.5 |
3.7 |
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Extraordinary result |
0.0 |
- |
- |
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Other taxes |
0.0 |
0.0 |
0.0 |
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Total taxation |
-0.3 |
-0.1 |
0.6 |
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Net profit |
1.4 |
- |
1.6 |
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Net loss |
- |
-1.4 |
- |
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Annual Balance Sheet |
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Financials in:
USD (mil) |
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30-Jun-2011 |
30-Jun-2010 |
30-Jun-2009 |
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Filed Currency |
EUR |
EUR |
EUR |
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Exchange Rate |
0.689727 |
0.816393 |
0.712936 |
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Consolidated |
No |
No |
No |
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Issued capital |
3.6 |
3.1 |
3.5 |
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Total reserves |
0.4 |
0.3 |
0.4 |
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Profits for the year |
6.2 |
4.1 |
6.1 |
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Profit brought forward from previous year(s) |
4.8 |
5.3 |
4.5 |
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Total stockholders equity |
10.2 |
7.4 |
9.9 |
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Other provisions |
1.8 |
- |
- |
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Provisions and allowances |
1.8 |
4.0 |
3.8 |
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Taxes and social security |
0.4 |
- |
- |
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Total long-term liabilities |
0.4 |
- |
- |
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Trade creditors |
2.5 |
- |
3.9 |
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Taxation and social security |
0.2 |
- |
0.4 |
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Total current liabilities |
2.7 |
5.1 |
4.3 |
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Total liabilities (including net worth) |
15.2 |
16.5 |
18.1 |
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Patents |
0.1 |
- |
- |
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Intangibles |
0.1 |
0.1 |
0.0 |
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Machinery and tools |
0.0 |
- |
0.0 |
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Fixed assets under construction |
- |
- |
0.0 |
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Total tangible fixed assets |
0.1 |
0.1 |
0.1 |
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Long-term investments |
1.3 |
- |
- |
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Shares held in associated companies |
- |
- |
1.3 |
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Total financial assets |
1.8 |
1.1 |
1.3 |
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Loans to participants |
0.5 |
- |
- |
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Total non-current assets |
1.9 |
1.3 |
1.4 |
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Net stocks and work in progress |
10.5 |
8.6 |
9.7 |
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Total receivables |
0.8 |
4.5 |
4.5 |
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Cash and liquid assets |
1.8 |
2.0 |
2.0 |
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Short-term investments |
0.1 |
0.1 |
0.4 |
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Total current assets |
13.2 |
15.3 |
16.6 |
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Prepaid expenses and deferred costs |
0.0 |
0.0 |
0.0 |
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Total assets |
15.2 |
16.5 |
18.1 |
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Annual Ratios |
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Financials in:
USD (mil) |
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30-Jun-2011 |
30-Jun-2010 |
30-Jun-2009 |
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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 |
0.689727 |
0.816393 |
0.712936 |
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Consolidated |
No |
No |
No |
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Current ratio |
49.10 |
29.80 |
38.37 |
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Acid test ratio |
10.09 |
12.93 |
16.06 |
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Total liabilities to net worth |
0.03% |
0.07% |
0.04% |
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Net worth to total assets |
0.07% |
0.05% |
0.05% |
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Current liabilities to net worth |
0.03% |
0.07% |
0.04% |
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Current liabilities to stock |
0.03% |
0.06% |
0.04% |
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Fixed assets to net worth |
0.02% |
0.02% |
0.01% |
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Return on assets |
0.01% |
-0.01% |
0.01% |
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Shareholders' return |
0.01% |
-0.02% |
0.02% |
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Profit per employee |
4.69 |
-4.85 |
5.23 |
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Average wage per employee |
5.80 |
5.80 |
5.66 |
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Net worth |
10.2 |
7.4 |
9.9 |
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Number of employees |
21 |
21 |
22 |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.55.08 |
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1 |
Rs.89.53 |
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Euro |
1 |
Rs.72.77 |
INFORMATION DETAILS
|
Report
Prepared by : |
PRL |
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.