MIRA
INFORM REPORT
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Report Date : |
09.06.2012 |
IDENTIFICATION DETAILS
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Name : |
IBK WIESEHAHN GMBH |
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Registered Office : |
Raiffeisenstrasse 5 |
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Country : |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
13.12.1971 |
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Com. Reg. No.: |
5307 |
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Legal Form : |
Private Independent |
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Line of Business : |
Manufacture of other products of natural or synthetic rubber, unvulcanised, vulcanised or hardened. |
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No. of Employees : |
42 |
RATING & COMMENTS
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MIRAs 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 March 31st, 2012
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Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
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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
IBK Wiesehahn GmbH
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Business Description
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IBK Wiesehahn GmbH is primarily engaged in manufacture of other products
of natural or synthetic rubber, unvulcanised, vulcanised or hardened. |
Industry
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Industry |
Fabricated Plastic and Rubber |
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ANZSIC 2006: |
1919 - Other Polymer Product Manufacturing
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NACE 2002: |
2513 - Manufacture of other rubber products
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NAICS 2002: |
32629 - Other Rubber Product Manufacturing
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2513 - Manufacture of other rubber
products |
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US SIC 1987: |
3069 - Fabricated Rubber Products, Not
Elsewhere Classified |
Key
Executives
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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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Executives Report
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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 |
0.4 |
1.0 |
1.1 |
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Annual Balance
Sheet |
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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 |
0.1 |
0.1 |
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Profits for the year |
0.9 |
1.0 |
0.9 |
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Profit brought forward from previous year(s) |
0.9 |
0.9 |
0.2 |
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Total stockholders equity |
1.0 |
1.1 |
0.9 |
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Provisions and allowances |
0.4 |
1.0 |
1.1 |
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Total long-term liabilities |
- |
- |
0.3 |
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Total current liabilities |
1.2 |
1.2 |
1.5 |
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Total liabilities (including net worth) |
2.6 |
3.3 |
3.9 |
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Intangibles |
0.0 |
0.0 |
0.0 |
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Total tangible fixed assets |
0.3 |
0.5 |
0.6 |
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Total financial assets |
0.0 |
0.0 |
0.0 |
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Total non-current assets |
0.3 |
0.5 |
0.6 |
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Net stocks and work in progress |
0.9 |
0.8 |
0.8 |
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Total receivables |
1.2 |
1.5 |
1.7 |
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Cash and liquid assets |
0.1 |
0.5 |
0.8 |
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Total current assets |
2.2 |
2.8 |
3.2 |
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Prepaid expenses and deferred costs |
0.0 |
0.0 |
0.0 |
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Total assets |
2.6 |
3.3 |
3.9 |
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Annual Ratios |
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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 |
18.54 |
23.09 |
21.56 |
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Acid test ratio |
10.86 |
16.21 |
16.37 |
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Total liabilities to net worth |
0.12% |
0.11% |
0.19% |
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Net worth to total assets |
0.04% |
0.03% |
0.02% |
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Current liabilities to net worth |
0.12% |
0.11% |
0.16% |
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Current liabilities to stock |
0.13% |
0.15% |
0.19% |
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Fixed assets to net worth |
0.03% |
0.05% |
0.06% |
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Net worth |
1.0 |
1.1 |
0.9 |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.55.36 |
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1 |
Rs.85.64 |
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Euro |
1 |
Rs.69.21 |
INFORMATION DETAILS
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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 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.