MIRA
INFORM REPORT
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Report Date : |
04.02.2012 |
IDENTIFICATION DETAILS
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Name : |
BORGHORSTER FROTTIERWEBEREI REYGERS GMBH & CO |
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Registered Office : |
Borghorster Frottierweberei Reygers GmbH & Co, Flasskamp 15, Steinfurt,
48565 |
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Country : |
Germany |
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Financials (as on) : |
31.03.2011 |
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Date of Incorporation : |
1951 |
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Com. Reg. No.: |
(DEU):1278 |
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Legal Form : |
Private Independent |
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Line of Business : |
Wholesale of Furniture; Wholesale of Jewellery; Wholesale of Musical
Instruments |
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No. of Employees : |
35 |
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 : |
Small company |
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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 – September 30, 2011
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Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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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
Borghorster Frottierweberei Reygers GmbH & Co
Flasskamp 15
Steinfurt, 48565
Germany
Tel: 49 (2552) 93 32-0
Fax: 49 (2552) 6 22 51
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Employees: |
35 |
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Company Type: |
Private
Independent |
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Incorporation
Date: |
1951 |
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Fiscal Year End:
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31-Mar-2011 |
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Reporting
Currency: |
Euro |
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Annual Sales: |
NA |
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Total Assets: |
15.4 |
Business Description
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Borghorster Frottierweberei Reygers GmbH
& Co is primarily engaged in wholesale of furniture; wholesale of
jewellery; wholesale of musical instruments; wholesale of photographic goods;
wholesale of toys and games; wholesale of travel and fancy goods; and
wholesale of other household goods not elsewhere classified. |
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Industry |
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Industry |
Textiles - Non
Apparel |
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ANZSIC 2006: |
1312 - Natural
Textile Manufacturing |
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NACE 2002: |
1721 -
Cotton-type weaving |
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NAICS 2002: |
313210 -
Broadwoven Fabric Mills |
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UK SIC 2003: |
1721 -
Cotton-type weaving |
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US SIC 1987: |
2211 -
Broadwoven Fabric Mills, Cotton |
Key Executives
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Registered No.(DEU):1278
1 - Profit & Loss Item Exchange Rate: USD 1 = EUR 0.7571683
2 - Balance Sheet Item Exchange Rate: USD 1 = EUR 0.704672
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Location |
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Tel: |
49 (2552) 93 32-0 |
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Fax: |
49 (2552) 6 22 51 |
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Sales EUR(mil): |
NA |
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Assets EUR(mil): |
10.8 |
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Employees: |
35 |
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Fiscal Year End: |
31-Mar-2011 |
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Industry: |
Textiles - Non Apparel |
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Incorporation Date: |
1951 |
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Company Type: |
Private Independent |
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Quoted Status: |
Not Quoted |
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Registered No.(DEU): |
1278 |
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GeschäftsfĂ¼hrer: |
Horst Huge |
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Contents |
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Business description
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More Business Descriptions
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Financial
Data
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Subsidiaries
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Key Corporate Relationships
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31-Mar-2011 |
31-Mar-2010 |
31-Mar-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) |
0.757168 |
0.70861 |
0.707647 |
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Consolidated |
No |
No |
No |
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Taxes and social security costs |
0.6 |
0.6 |
0.6 |
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Total payroll costs |
2.0 |
2.2 |
2.3 |
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Fixed asset depreciation and amortisation |
0.1 |
0.1 |
0.1 |
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Other operating costs |
3.4 |
3.8 |
3.9 |
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Net operating income |
0.7 |
0.8 |
1.0 |
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Income received from associated companies |
- |
- |
0.0 |
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Other income |
0.1 |
0.0 |
0.0 |
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Interest payable on loans |
0.6 |
0.5 |
0.6 |
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Other expenses |
- |
0.0 |
- |
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Total expenses |
0.5 |
0.5 |
0.6 |
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Profit before tax |
0.2 |
0.2 |
0.4 |
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Provisions |
1.9 |
2.0 |
2.2 |
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Extraordinary expenses |
0.0 |
- |
- |
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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 |
0.1 |
0.1 |
0.1 |
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Net profit |
0.1 |
0.1 |
0.3 |
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Annual Balance Sheet |
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Financials in: USD (mil) |
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31-Mar-2011 |
31-Mar-2010 |
31-Mar-2009 |
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Filed Currency |
EUR |
EUR |
EUR |
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Exchange Rate |
0.704672 |
0.739044 |
0.753182 |
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Consolidated |
No |
No |
No |
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Unavailable reserves |
0.0 |
0.0 |
0.0 |
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Total reserves |
1.8 |
1.6 |
1.6 |
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Total
stockholders equity |
2.6 |
2.4 |
2.4 |
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Provisions and allowances |
2.0 |
1.9 |
2.0 |
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Other debentures |
2.8 |
2.9 |
2.4 |
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Taxes and social security |
0.9 |
0.2 |
- |
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Other long-term liabilities |
- |
0.7 |
- |
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Total long-term
liabilities |
3.7 |
3.8 |
2.4 |
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Other loans |
4.2 |
2.4 |
2.7 |
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Taxation and social security |
2.0 |
0.8 |
0.7 |
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Other current liabilities |
0.8 |
0.9 |
1.3 |
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Total current
liabilities |
7.0 |
4.1 |
4.8 |
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Total
liabilities (including net worth) |
15.4 |
12.2 |
11.6 |
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Land and buildings |
0.5 |
0.5 |
0.6 |
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Machinery and tools |
0.0 |
0.0 |
0.0 |
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Fixtures and equipment |
0.5 |
0.5 |
0.6 |
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Total tangible
fixed assets |
0.6 |
0.7 |
0.7 |
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Other financial assets |
0.8 |
0.8 |
0.7 |
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Shares held in associated companies |
0.1 |
0.1 |
0.1 |
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Total financial
assets |
0.8 |
0.8 |
0.8 |
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Total
non-current assets |
1.5 |
1.6 |
1.5 |
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Net stocks and work in progress |
10.4 |
7.9 |
7.1 |
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Total
receivables |
3.4 |
2.7 |
3.0 |
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Cash and liquid assets |
0.0 |
0.0 |
0.0 |
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Total current
assets |
13.9 |
10.6 |
10.1 |
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Prepaid expenses and deferred costs |
0.0 |
0.0 |
0.0 |
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Total assets |
15.4 |
12.2 |
11.6 |
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Annual Ratios |
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Financials in: USD (mil) |
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31-Mar-2011 |
31-Mar-2010 |
31-Mar-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 |
0.704672 |
0.739044 |
0.753182 |
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Consolidated |
No |
No |
No |
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Current ratio |
19.88 |
26.02 |
21.20 |
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Acid test ratio |
4.92 |
6.73 |
6.32 |
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Total liabilities to net worth |
0.40% |
0.32% |
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 |
0.26% |
0.17% |
0.20% |
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Current liabilities to stock |
0.07% |
0.05% |
0.07% |
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Fixed assets to net worth |
0.06% |
0.06% |
0.06% |
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Return on assets |
0.00% |
0.01% |
0.01% |
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Shareholders' return |
0.01% |
0.01% |
0.01% |
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Profit per employee |
0.12 |
0.29 |
0.49 |
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Average wage per employee |
1.62 |
4.34 |
4.14 |
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Net worth |
2.6 |
2.4 |
2.4 |
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Number of employees |
94 |
36 |
39 |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.48.96 |
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1 |
Rs.77.46 |
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Euro |
1 |
Rs.64.39 |
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.