MIRA
INFORM REPORT
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Report Date : |
18.01.2012 |
IDENTIFICATION DETAILS
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Name : |
HELM AG |
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Registered Office : |
Nordkanalstr. 28 Hamburg, 20097 |
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Country : |
Germany |
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Financials (as on) : |
31.12.2010 |
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Year of Establishment : |
1900 |
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Com. Reg. No.: |
22263 |
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Legal Form : |
Public Parent |
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Line of Business : |
Wholesale of chemical products |
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No. of Employees : |
1,340 |
RATING & COMMENTS
|
MIRAs Rating : |
A |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Good |
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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
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
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
Helm AG
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Business
Description
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International marketing, national distribution, warehousing, cargo
handling terminal, processing and service functions in/of medicines,
essential oils, inorganic chemicals, aroma chemicals, aromatics, fertilizers,
feed additives, plastics, food additives, solvents, olefins, organic
chemicals, crop protection chemicals, active pharmaceutical ingredients |
Industry
|
Industry |
Chemical Manufacturing |
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ANZSIC 2006: |
3323 - Industrial and Agricultural
Chemical Product Wholesaling |
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NACE 2002: |
5155 - Wholesale of chemical products |
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NAICS 2002: |
424690 - Other Chemical and Allied
Products Merchant Wholesalers |
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UK SIC 2003: |
5155 - Wholesale of chemical products |
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US SIC 1987: |
5169 - Chemicals and Allied Products, Not
Elsewhere Classified |
Key Executives
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News
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1 - Profit &
Loss Item Exchange Rate: USD 1 = EUR 0.7550783
2 - Balance Sheet Item Exchange Rate: USD 1 = EUR 0.7454064
Corporate Overview
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Corporate Structure News
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Helm AG |
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Company Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
|
Parent |
Hamburg |
Germany |
Chemical Manufacturing |
5,488.8 |
1,340 |
|
|
Subsidiary |
Point Lisas Industrial Estate, Couva |
Trinidad and Tobago |
Chemical Manufacturing |
75.0 |
150 |
|
|
Subsidiary |
Bangkok, Bangkok |
Thailand |
Food Processing |
514.0 |
100 |
|
|
Subsidiary |
Alphen Aan Den Rijn, Zuid-Holland |
Netherlands |
Personal and Household Products |
|
32 |
|
|
Subsidiary |
Bobadela Lrs |
Portugal |
Chemical Manufacturing |
29.8 |
25 |
|
|
Subsidiary |
Hamburg, Hamburg |
Germany |
Chemical Manufacturing |
871.0 |
23 |
|
|
Subsidiary |
Puteaux |
France |
Chemical Manufacturing |
89.5 |
2 |
|
|
Subsidiary |
Alcobendas, Madrid |
Spain |
Chemical Manufacturing |
64.1 |
23 |
|
|
Subsidiary |
Warsaw |
Poland |
Miscellaneous Capital Goods |
85.6 |
22 |
|
|
Subsidiary |
Memphis, TN |
United States |
Chemical Manufacturing |
4.8 |
20 |
|
|
Branch |
Piscataway, NJ |
United States |
Business Services |
40.0 |
30 |
|
|
Subsidiary |
Puteaux |
France |
Chemical Manufacturing |
51.9 |
18 |
|
|
Subsidiary |
Luynes |
France |
Chemical Manufacturing |
15.6 |
10 |
|
|
Subsidiary |
Esentepe, Istanbul |
Turkey |
Chemical Manufacturing |
150.0 |
16 |
|
|
Subsidiary |
Hamburg, Hamburg |
Germany |
Miscellaneous Transportation |
3.3 |
15 |
|
|
Subsidiary |
Milano |
Italy |
Personal and Household Products |
65.3 |
10 |
|
|
Subsidiary |
Zaventem |
Belgium |
Chemical Manufacturing |
18.6 |
6 |
|
|
Subsidiary |
Naucalpan De Juarez, Estado De Mexico |
Mexico |
Miscellaneous Capital Goods |
0.8 |
2 |
|
|
Subsidiary |
Hamburg, Hamburg |
Germany |
Engineering Consultants |
|
2 |
|
|
Subsidiary |
SΓ£o Paulo, SP |
Brazil |
Crops |
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|
Subsidiary |
Bogota, Cundinamarca |
Colombia |
Crops |
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Subsidiary |
Wanchai, Wanchai |
Hong Kong |
Miscellaneous Capital Goods |
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Subsidiary |
Seoul |
Korea, Republic of |
Miscellaneous Capital Goods |
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Subsidiary |
Maharashtra |
India |
Miscellaneous Capital Goods |
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Executives Report
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Annual Profit & Loss
|
|
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
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Period Length |
12 Months |
12 Months |
12 Months |
|
Filed Currency |
EUR |
EUR |
EUR |
|
Exchange Rate
(Period Average) |
0.755078 |
0.719047 |
0.683679 |
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Consolidated |
Yes |
Yes |
Yes |
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|
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Total income |
5,488.8 |
3,777.3 |
7,386.1 |
|
Raw materials and services |
4,775.6 |
3,202.0 |
6,442.7 |
|
Net sales |
5,488.8 |
3,777.3 |
7,386.1 |
|
Other operating income |
15.3 |
22.6 |
19.3 |
|
Raw materials and consumables employed |
4,775.6 |
3,202.0 |
6,442.7 |
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Other external charges |
410.6 |
330.5 |
496.7 |
|
Cost of goods sold |
5,186.2 |
3,532.5 |
6,939.4 |
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Cost of raw materials |
5,186.2 |
3,532.5 |
6,939.4 |
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Taxes and social security costs |
13.7 |
12.8 |
13.7 |
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Total payroll costs |
141.5 |
119.6 |
167.0 |
|
Fixed asset depreciation and amortisation |
6.1 |
7.5 |
7.0 |
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Other operating costs |
133.4 |
119.1 |
138.3 |
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Net operating income |
103.6 |
80.8 |
222.8 |
|
Interest received from loans |
3.4 |
17.2 |
17.9 |
|
Other income |
2.6 |
5.9 |
8.2 |
|
Interest payable on loans |
11.3 |
12.4 |
36.3 |
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Total expenses |
0.0 |
-9.5 |
10.9 |
|
Profit before tax |
103.6 |
90.3 |
211.9 |
|
Provisions |
66.6 |
44.2 |
100.3 |
|
Extraordinary expenses |
0.5 |
- |
- |
|
Extraordinary result |
-0.5 |
- |
- |
|
Other taxes |
0.8 |
0.7 |
1.1 |
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Total taxation |
29.0 |
24.8 |
60.0 |
|
Net profit |
73.3 |
64.8 |
150.7 |
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Annual Balance
Sheet |
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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 |
Yes |
Yes |
Yes |
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Issued capital |
134.2 |
143.5 |
69.5 |
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Other reserves |
408.1 |
383.8 |
398.1 |
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Total reserves |
408.1 |
383.8 |
398.1 |
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Total stockholders equity |
542.3 |
527.3 |
467.6 |
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Deferred taxation |
7.8 |
6.3 |
15.1 |
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Other provisions |
58.1 |
35.0 |
70.9 |
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Provision for pensions |
1.5 |
2.9 |
2.7 |
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Provisions and allowances |
67.5 |
45.6 |
95.3 |
|
Other debentures |
2.0 |
2.8 |
0.2 |
|
Trade accounts payable |
0.1 |
- |
- |
|
Total long-term liabilities |
2.1 |
2.8 |
0.2 |
|
Trade creditors |
449.9 |
306.6 |
269.9 |
|
Advances received |
44.6 |
5.6 |
10.1 |
|
Other loans |
472.1 |
220.8 |
362.2 |
|
Taxation and social security |
54.9 |
51.8 |
48.4 |
|
Owing to participants |
1.7 |
1.8 |
1.0 |
|
Total current liabilities |
1,023.1 |
586.6 |
691.7 |
|
Regularisation account |
3.9 |
0.0 |
- |
|
Total liabilities (including net worth) |
1,638.8 |
1,162.3 |
1,254.8 |
|
Patents |
4.5 |
1.9 |
2.5 |
|
Goodwill |
- |
0.1 |
0.2 |
|
Intangibles |
7.2 |
4.9 |
4.0 |
|
Land and buildings |
30.8 |
32.1 |
33.0 |
|
Machinery and tools |
4.4 |
4.7 |
5.0 |
|
Fixtures and equipment |
30.8 |
32.1 |
33.0 |
|
Fixed assets under construction |
0.8 |
1.0 |
0.3 |
|
Total tangible fixed assets |
44.7 |
46.4 |
45.8 |
|
Long-term investments |
65.6 |
70.1 |
69.6 |
|
Participating interest |
1.0 |
3.5 |
7.4 |
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Total financial assets |
91.6 |
84.7 |
87.4 |
|
Loans to participants |
2.8 |
- |
- |
|
Total non-current assets |
143.5 |
136.0 |
137.3 |
|
Finished goods |
441.8 |
278.6 |
347.4 |
|
Prepayments |
47.3 |
31.2 |
9.3 |
|
Net stocks and work in progress |
489.1 |
309.8 |
356.7 |
|
Trade debtors |
865.5 |
571.1 |
605.1 |
|
Other receivables |
70.1 |
83.8 |
81.2 |
|
Total receivables |
940.6 |
654.9 |
688.3 |
|
Owing from participants |
5.0 |
0.0 |
2.1 |
|
Cash and liquid assets |
60.3 |
57.7 |
64.7 |
|
Shares in associated companies |
22.2 |
11.0 |
10.4 |
|
Recoverable taxation |
4.2 |
2.6 |
6.3 |
|
Total current assets |
1,489.9 |
1,022.5 |
1,109.7 |
|
Prepaid expenses and deferred costs |
1.2 |
1.2 |
1.5 |
|
Total assets |
1,638.8 |
1,162.3 |
1,254.8 |
|
|
|
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 |
Yes |
Yes |
Yes |
|
|
|
|
|
|
Current ratio |
14.56 |
17.43 |
16.04 |
|
Acid test ratio |
9.78 |
12.15 |
10.89 |
|
Total liabilities to net worth |
0.19% |
0.11% |
0.15% |
|
Net worth to total assets |
0.03% |
0.05% |
0.04% |
|
Current liabilities to net worth |
0.19% |
0.11% |
0.15% |
|
Current liabilities to stock |
0.21% |
0.19% |
0.19% |
|
Fixed assets to net worth |
0.03% |
0.03% |
0.03% |
|
Collection period |
569.00 |
537.00 |
314.00 |
|
Stock turnover rate |
0.88 |
0.80 |
0.51 |
|
Profit margin |
0.00% |
0.00% |
0.00% |
|
Return on assets |
0.01% |
0.01% |
0.01% |
|
Shareholders' return |
0.01% |
0.01% |
0.03% |
|
Sales per employee |
305.87 |
205.76 |
377.69 |
|
Profit per employee |
4.11 |
3.53 |
7.71 |
|
Average wage per employee |
7.88 |
6.52 |
8.54 |
|
Net worth |
542.3 |
527.3 |
467.6 |
|
Number of employees |
1,355 |
1,320 |
1,337 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.51.06 |
|
|
1 |
Rs.78.48 |
|
Euro |
1 |
Rs.64.99 |
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 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.