MIRA
INFORM REPORT
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Report Date : |
09.07.2012 |
IDENTIFICATION DETAILS
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Name : |
ALEXANDER PAAL GMBH |
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Registered Office : |
Blumentalstrasse 2-6, |
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Country : |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
07.11.1989 |
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Com. Reg. No.: |
11498 |
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Legal Form : |
Private Independent Company |
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Line of Business : |
Manufacturer of rivets, washers and similar non-threaded
products |
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No. of Employees : |
60 |
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 : |
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 – March 31st, 2012
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Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
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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 |
Company name & address
Alexander Paal GmbH
Blumentalstrasse 2-6
Remscheid, 42859
Germany
Tel: +49 (0) 2191 9060
Fax: +49 (0) 2191 906100
Registration data
Employees: 60
Company Type: Private Independent
Incorporation Date:
07-Nov-1989
Financials in: USD
(Millions)
Fiscal Year End:
31-Dec-2010
Reporting Currency: Euro
Annual Sales: NA
Total Assets: 5.1
Business Description
Alexander Paal GmbH is primarily engaged in manufacture of rivets, washers and similar non-threaded products; manufacture of screw machine products: bolts, screws, nuts; manufacture of springs (leaf springs, helical springs, torsion bar springs; leaves for springs); and manufacture of chain, except power transmission chain.
Industry
Industry Miscellaneous Fabricated Products
ANZSIC 2006: 2292 - Nut, Bolt,
Screw and Rivet Manufacturing
NACE 2002: 2874 - Manufacture
of fasteners, screw machine products, chains and springs
NAICS 2002: 33272 - Turned
Product and Screw, Nut, and Bolt Manufacturing
UK SIC 2003: 2874 - Manufacture
of fasteners, screw machine products, chains and springs
US SIC 1987: 3452 - Bolts,
Nuts, Screws, Rivets, and Washers
Key Executives
Name Title
Christian Paal Managing
director
Wolfgang Paal Managing
director
Registered No.(DEU): 11498
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
Blumentalstrasse 2-6
Remscheid, 42859
Germany
Tel: +49 (0) 2191 9060
Fax: +49 (0) 2191 906100
Sales EUR(mil): NA
Assets EUR(mil): 3.8
Employees: 60
Fiscal Year End: 31-Dec-2010
Industry: Miscellaneous
Fabricated Products
Incorporation Date: 07-Nov-1989
Company Type: Private
Independent
Quoted Status: Not
Quoted
Registered No.(DEU): 11498
Managing director: Wolfgang
Paal
Contents
Industry Codes
Business Description
Financial Data
Key Corporate Relationships
Industry Codes
ANZSIC 2006 Codes:
3339 - Other Hardware Goods Wholesaling
3322 - Metal and Mineral Wholesaling
2299 - Other Fabricated Metal Product Manufacturing Not Elsewhere
Classified
2240 - Sheet Metal Product Manufacturing (except Metal Structural
and Container Products)
2292 - Nut, Bolt, Screw and Rivet Manufacturing
NACE 2002 Codes:
2874 - Manufacture of fasteners, screw machine products, chains
and springs
2875 - Manufacture of other fabricated metal products not
elsewhere classified
5152 - Wholesale of metals and ores
5154 - Wholesale of hardware, plumbing and heating equipment and
supplies
2840 - Forging, pressing, stamping and roll forming of metal;
powder metallurgy
NAICS 2002 Codes:
4237 - Hardware, and Plumbing and Heating Equipment and Supplies
Merchant Wholesalers
332999 - All Other Miscellaneous Fabricated Metal Product
Manufacturing
33272 - Turned Product and Screw, Nut, and Bolt Manufacturing
33211 - Forging and Stamping
423520 - Coal and Other Mineral and Ore Merchant Wholesalers
US SIC 1987:
3499 - Fabricated Metal Products, Not Elsewhere Classified
3452 - Bolts, Nuts, Screws, Rivets, and Washers
505 - Metals and Minerals, Except Petroleum
507 - Hardware, and Plumbing and Heating Equipment
346 - Metal Forgings and Stampings
UK SIC 2003:
5154 - Wholesale of hardware, plumbing and heating equipment and
supplies
5152 - Wholesale of metals and ores
2840 - Forging, pressing, stamping and roll forming of metal;
powder metallurgy
2874 - Manufacture of fasteners, screw machine products, chains
and springs
2875 - Manufacture of other fabricated metal products not
elsewhere classified
Business
Description
Alexander Paal GmbH is primarily engaged in manufacture of rivets,
washers and similar non-threaded products; manufacture of screw machine
products: bolts, screws, nuts; manufacture of springs (leaf springs, helical
springs,
torsion bar springs; leaves for springs); and manufacture of chain, except power
transmission chain.
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Executive report
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Executives |
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Managing director |
Managing Director |
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Managing director |
Managing Director |
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Annual Profit & Loss
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31-Dec-2010 |
31-Dec-2009 |
31-Dec-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) |
0.755078 |
0.719047 |
0.683679 |
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Consolidated |
No |
No |
No |
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Provisions |
0.7 |
0.5 |
0.8 |
Annual Balance
Sheet
Financials in: USD (mil)
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31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
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Filed Currency |
EUR |
EUR |
EUR |
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Exchange Rate |
0.745406 |
0.696986 |
0.719399 |
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Consolidated |
No |
No |
No |
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Issued capital |
0.1 |
0.2 |
0.2 |
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Profits for the year |
3.8 |
3.2 |
2.9 |
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Total
stockholders equity |
3.9 |
3.3 |
3.1 |
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Provisions and allowances |
0.7 |
0.5 |
0.8 |
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Total current
liabilities |
0.5 |
0.2 |
1.1 |
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Regularisation account |
0.0 |
0.0 |
0.0 |
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Total
liabilities (including net worth) |
5.1 |
4.1 |
4.9 |
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Intangibles |
0.0 |
0.0 |
0.0 |
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Total tangible fixed
assets |
0.2 |
0.2 |
0.6 |
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Total financial
assets |
0.7 |
0.2 |
- |
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Total
non-current assets |
0.9 |
0.4 |
0.7 |
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Net stocks and work in progress |
0.7 |
0.7 |
1.6 |
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Total
receivables |
1.4 |
2.2 |
2.3 |
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Cash and liquid assets |
2.2 |
0.7 |
0.4 |
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Total current
assets |
4.2 |
3.6 |
4.3 |
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Prepaid expenses and deferred costs |
0.0 |
0.0 |
0.0 |
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Total assets |
5.1 |
4.1 |
4.9 |
Annual Ratios
Financials in: USD (mil)
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31-Dec-2010 |
31-Dec-2009 |
31-Dec-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 |
0.745406 |
0.696986 |
0.719399 |
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Consolidated |
No |
No |
No |
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Current ratio |
86.53 |
153.27 |
40.12 |
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Acid test ratio |
72.80 |
122.47 |
25.45 |
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Total liabilities to net worth |
0.01% |
0.01% |
0.03% |
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Net worth to total assets |
0.08% |
0.08% |
0.06% |
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Current liabilities to net worth |
0.01% |
0.01% |
0.03% |
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Current liabilities to stock |
0.07% |
0.03% |
0.07% |
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Fixed assets to net worth |
0.02% |
0.01% |
0.02% |
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Net worth |
3.9 |
3.3 |
3.1 |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.55.42 |
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UK Pound |
1 |
Rs.86.04 |
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Euro |
1 |
Rs.68.61 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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.