MIRA
INFORM REPORT
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Report Date : |
14.02.2012 |
IDENTIFICATION DETAILS
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Name : |
ROSS TEXTILWERKE GMBH |
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Registered Office : |
Am Bahnhof Ochtrup, 48607 |
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Country : |
Germany |
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Financials (as on) : |
31.03.2010 |
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Date of Incorporation : |
26.02.1985 |
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Com. Reg. No.: |
1809 |
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Legal Form : |
Private Independent |
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Line of Business : |
Manufacture of made-up textile articles, except apparel |
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No. of Employees : |
85 |
RATING & COMMENTS
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MIRAs 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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Maximum Credit Limit : |
175,000 EUR |
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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 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
Ross Textilwerke GmbH
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Business
Description
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Ross Textilwerke GmbH is primarily engaged in manufacture of soft furnishings;
manufacture of canvas goods, sacks, etc.; and manufacture of household
textiles. |
Industry
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Industry |
Textiles - Non Apparel |
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ANZSIC 2006: |
133 - Textile Product Manufacturing |
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NACE 2002: |
1740 - Manufacture of made-up textile
articles, except apparel |
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NAICS 2002: |
313 - Textile Mills |
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UK SIC 2003: |
1740 - Manufacture of made-up textile
articles, except apparel |
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US SIC 1987: |
2392 - House furnishing, Except Curtains
and Draperies |
Key Executives
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Corporate Overview
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Executives Report
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Annual Profit & Loss
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31-Mar-2010 |
31-Mar-2009 |
31-Mar-2008 |
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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) |
1 |
1 |
1 |
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Consolidated |
No |
No |
No |
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Total payroll costs |
- |
3.0 |
3.1 |
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Fixed asset depreciation and amortisation |
- |
0.1 |
0.0 |
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Other operating costs |
- |
3.7 |
4.4 |
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Net operating income |
- |
0.0 |
0.3 |
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Interest payable on loans |
- |
0.0 |
0.0 |
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Total expenses |
- |
0.0 |
0.0 |
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Profit before tax |
- |
0.0 |
0.2 |
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Provisions |
1.9 |
1.8 |
1.7 |
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Extraordinary expenses |
- |
0.0 |
- |
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Extraordinary result |
- |
0.0 |
- |
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Net profit |
- |
- |
0.2 |
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Net loss |
- |
0.0 |
- |
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Annual Balance
Sheet |
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Financials in:
EUR (mil) |
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31-Mar-2010 |
31-Mar-2009 |
31-Mar-2008 |
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Filed Currency |
EUR |
EUR |
EUR |
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Exchange Rate |
1 |
1 |
1 |
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Consolidated |
No |
No |
No |
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Issued capital |
1.4 |
1.4 |
1.4 |
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Profits for the year |
2.1 |
3.1 |
3.1 |
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Profit brought forward from previous year(s) |
3.1 |
3.1 |
2.9 |
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Total stockholders equity |
3.5 |
4.5 |
4.5 |
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Other provisions |
- |
0.0 |
- |
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Provision for pensions |
- |
1.7 |
- |
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Provisions and allowances |
1.9 |
1.8 |
1.7 |
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Trade creditors |
- |
- |
0.4 |
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Other loans |
- |
- |
0.2 |
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Taxation and social security |
- |
- |
0.6 |
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Total current liabilities |
1.7 |
1.5 |
1.2 |
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Total liabilities (including net worth) |
7.1 |
7.8 |
7.4 |
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Intangibles |
0.0 |
- |
- |
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Total tangible fixed assets |
0.1 |
0.1 |
0.1 |
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Total non-current assets |
0.1 |
0.1 |
0.1 |
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Finished goods |
- |
6.3 |
- |
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Net stocks and work in progress |
5.2 |
6.3 |
5.6 |
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Trade debtors |
- |
0.5 |
0.7 |
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Other receivables |
- |
0.5 |
0.6 |
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Total receivables |
1.2 |
1.1 |
1.3 |
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Cash and liquid assets |
0.6 |
0.3 |
0.4 |
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Total current assets |
7.0 |
7.7 |
7.3 |
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Prepaid expenses and deferred costs |
0.0 |
0.0 |
0.0 |
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Total assets |
7.1 |
7.8 |
7.4 |
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Annual Ratios |
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Financials in:
EUR (mil) |
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31-Mar-2010 |
31-Mar-2009 |
31-Mar-2008 |
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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 |
1 |
1 |
1 |
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Consolidated |
No |
No |
No |
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Current ratio |
41.38 |
50.01 |
62.67 |
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Acid test ratio |
10.39 |
8.91 |
14.80 |
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Total liabilities to net worth |
0.05% |
0.03% |
0.03% |
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Net worth to total assets |
0.05% |
0.06% |
0.06% |
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Current liabilities to net worth |
0.05% |
0.03% |
0.03% |
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Current liabilities to stock |
0.03% |
0.02% |
0.02% |
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Fixed assets to net worth |
0.00% |
0.00% |
0.00% |
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Return on assets |
- |
0.00% |
0.00% |
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Shareholders' return |
- |
0.00% |
0.00% |
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Profit per employee |
- |
-0.03 |
0.25 |
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Average wage per employee |
- |
3.75 |
3.60 |
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Net worth |
3.5 |
4.5 |
4.5 |
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Number of employees |
- |
79 |
87 |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.49.32 |
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|
1 |
Rs.77.84 |
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Euro |
1 |
Rs.65.35 |
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 |
-- |
This score serves as a reference to assess SCs 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.