MIRA
INFORM REPORT
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Report Date : |
20.06.2012 |
IDENTIFICATION DETAILS
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Name : |
BIESTERFELD INTERNATIONAL GMBH |
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Registered Office : |
Ferdinandstrasse 41, |
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Country : |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
12.10.1999 |
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Com. Reg. No.: |
73209 |
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Legal Form : |
Private Subsidiary |
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Line of Business : |
Subject is engaged in the trading of industrial chemicals,
agro chemicals, various salts and sugar, pharmaceutical raw material and
agents |
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No. of Employees : |
52 |
RATING & COMMENTS
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MIRA’s 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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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
Biesterfeld International GmbH
Ferdinandstrasse 41
Hamburg, 20095
Germany
Tel: 4940320080
Fax: 49403200844
Web: www.biesterfeld-international.com
Synthesis
Employees: 52
Company Type: Private Subsidiary
Corporate Family: 17
Companies
Ultimate Parent: Biesterfeld
Vermögensverwaltung GmbH & Co. KG
Incorporation Date:
12-Oct-1999
Financials in: USD
(Millions)
Fiscal Year End:
31-Dec-2010
Reporting Currency: Euro
Annual Sales: 246.7
Total Assets: 56.8
Business Description
Biesterfeld International GmbH (Biesterfeld) is a trading company in Germany. The company is engaged in the trading of industrial chemicals, agro chemicals, various salts and sugar, pharmaceutical raw material and agents. The company also offers services in the fields of logistics, warehousing, development, and financing. The company distributes and markets the organic and inorganic industrial chemicals in the internationally. The company is 100% subsidiary of Biesterfeld AG. The company operates its business activities in the regions of Poland, India, China, Indonesia, Mexico, Germany, Guatemala and Brazil. The company has 11 branches across the world. Biesterfeld is headquartered at Hamburg, Germany.
Industry
Industry Chemical Manufacturing
ANZSIC 2006: 3323 - Industrial
and Agricultural Chemical Product Wholesaling
NACE 2002: 5155 - Wholesale
of chemical products
NAICS 2002: 4246 - Chemical
and Allied Products Merchant Wholesalers
UK SIC 2003: 5155 - Wholesale
of chemical products
US SIC 1987: 5169 - Chemicals
and Allied Products, Not Elsewhere Classified
Key Executives
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Name |
Title |
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Frank Paul Diercks |
Managing director |
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Wolf-Dieter Wangelin |
Managing director |
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
Ferdinandstrasse 41
Hamburg, 20095
Germany
Tel: 4940320080
Fax: 49403200844
Web: www.biesterfeld-international.com
Sales EUR(mil): 186.3
Assets EUR(mil): 42.3
Employees: 52
Fiscal Year End: 31-Dec-2010
Industry: Chemical
Manufacturing
Incorporation Date: 12-Oct-1999
Company Type: Private
Subsidiary
Quoted Status: Not
Quoted
Registered No.(DEU): 73209
Managing director: Frank
Paul Diercks
Contents
Industry Codes
Business Description
Financial Data
Subsidiaries
Key Corporate Relationships
Industry Codes
ANZSIC 2006 Codes:
3323 - Industrial and Agricultural Chemical Product Wholesaling
NACE 2002 Codes:
5155 - Wholesale of chemical products
NAICS 2002 Codes:
4246 - Chemical and Allied Products Merchant Wholesalers
US SIC 1987:
5169 - Chemicals and Allied Products, Not Elsewhere Classified
UK SIC 2003:
5155 - Wholesale of chemical products
Business
Description
Biesterfeld International GmbH is primarily engaged in wholesale of
industrial chemicals (aniline, printing ink, essential oils, industrial
gases, chemical glues, colouring matter, synthetic resin, methanol, paraffin,
scents and flavourings, soda, industrial salt, acids and sulphur, starch
derivatives, etc.); wholesale of fertilisers and agro-chemical products; wholesale of plastic
materials in primary forms; and wholesale of rubber.
More Business
Descriptions
Biesterfeld International GmbH (Biesterfeld) is a trading company in Germany. The company is engaged in the trading of industrial chemicals, agro chemicals, various salts and sugar, pharmaceutical raw material and agents. The company also offers services in the fields of logistics, warehousing, development, and financing. The company distributes and markets the organic and inorganic industrial chemicals in the internationally. The company is 100% subsidiary of Biesterfeld AG. The company operates its business activities in the regions of Poland, India, China, Indonesia, Mexico, Germany, Guatemala and Brazil. The company has 11 branches across the world. Biesterfeld is headquartered at Hamburg, Germany.
All Other Chemical Product and Preparation Manufacturing
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Corporate
Family |
Corporate
Structure News: |
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Biesterfeld
Vermögensverwaltung GmbH & Co. KG |
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Biesterfeld International GmbH |
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Company Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
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Parent |
Hamburg, Hamburg |
Germany |
Consumer Financial Services |
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1 |
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Subsidiary |
Hamburg, Hamburg |
Germany |
Chemical Manufacturing |
1,108.1 |
650 |
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Subsidiary |
Hamburg, Hamburg |
Germany |
Chemical Manufacturing |
246.7 |
85 |
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Subsidiary |
Hamburg, Hamburg |
Germany |
Chemical Manufacturing |
120.0 |
65 |
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Subsidiary |
Grodzisk Mazowiecki |
Poland |
Chemical Manufacturing |
2.0 |
50 |
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Subsidiary |
Warszawa |
Poland |
Chemical Manufacturing |
21.9 |
20 |
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Biesterfeld
Specialis Kemikaliak Magyarorszag Korlatolt Felelossegu Tarsasag |
Subsidiary |
Budapest |
Hungary |
Chemical Manufacturing |
6.6 |
8 |
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Subsidiary |
Praha 4 |
Czech Republic |
Chemical Manufacturing |
15.5 |
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Subsidiary |
Hamburg, Hamburg |
Germany |
Fabricated Plastic and Rubber |
183.4 |
63 |
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Subsidiary |
Rueil Malmaison |
France |
Chemical Manufacturing |
67.0 |
22 |
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Subsidiary |
Warszawa |
Poland |
Fabricated Plastic and Rubber |
9.9 |
8 |
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Subsidiary |
Culemborg, Gelderland |
Netherlands |
Miscellaneous Financial Services |
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7 |
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Subsidiary |
Hamburg, Hamburg |
Germany |
Chemical Manufacturing |
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30 |
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Subsidiary |
Hamburg, Hamburg |
Germany |
Chemical Manufacturing |
5.5 |
28 |
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Subsidiary |
München |
Germany |
Chemical Manufacturing |
44.3 |
63 |
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Subsidiary |
Alphen Aan Den Rijn, Zuid-Holland |
Netherlands |
Personal and Household Products |
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23 |
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Subsidiary |
Hamburg, Hamburg |
Germany |
Software and Programming |
4.0 |
21 |
Competitors Report
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CompanyName |
Location |
Employees |
Ownership |
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Ciech SA |
Warszawa, Poland |
5,808 |
Public |
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Evonik Degussa GmbH |
Essen, Nordrhein-Westfalen, Germany |
38,681 |
Private |
|
K+S AG |
Kassel, Germany |
14,482 |
Public |
|
MARQUARD & BAHLS AG |
Hamburg, Germany |
4,076 |
Private |
|
Venus Remedies Ltd. |
Panchkula, India |
1,400 |
Public |
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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Total income |
246.7 |
223.9 |
291.0 |
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Raw materials and services |
220.3 |
199.0 |
254.8 |
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Net sales |
246.7 |
223.9 |
291.0 |
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Other operating income |
1.0 |
1.0 |
0.9 |
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Raw materials and consumables employed |
220.3 |
199.0 |
254.8 |
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Cost of goods sold |
220.3 |
199.0 |
254.8 |
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Cost of raw materials |
220.3 |
199.0 |
254.8 |
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Taxes and social security costs |
0.7 |
0.7 |
0.7 |
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Total payroll costs |
4.5 |
4.9 |
6.3 |
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Fixed asset depreciation and amortisation |
0.0 |
0.0 |
0.0 |
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Other operating costs |
35.5 |
29.6 |
36.6 |
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Net operating income |
5.1 |
6.2 |
12.5 |
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Interest received from loans |
1.4 |
0.6 |
2.9 |
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Other income |
0.1 |
0.1 |
0.1 |
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Interest payable on loans |
3.4 |
2.8 |
3.9 |
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Total expenses |
1.9 |
2.1 |
0.9 |
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Profit before tax |
3.2 |
4.1 |
11.6 |
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Provisions |
1.3 |
1.8 |
4.1 |
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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 |
0.0 |
0.1 |
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Profit distributed to shareholders |
-3.3 |
-4.0 |
-11.5 |
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 |
3.4 |
3.6 |
3.5 |
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Capital reserves |
6.0 |
6.4 |
6.2 |
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Profits for the year |
2.8 |
3.0 |
3.0 |
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Total stockholders equity |
12.2 |
13.0 |
12.6 |
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Other provisions |
0.5 |
0.8 |
2.9 |
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Provision for pensions |
0.9 |
1.0 |
1.0 |
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Provisions and allowances |
1.3 |
1.8 |
3.9 |
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Advance payments |
- |
0.0 |
- |
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Owing to group/associated companies |
- |
0.0 |
- |
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Taxes and social security |
0.0 |
0.0 |
- |
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Total long-term liabilities |
0.0 |
0.0 |
0.0 |
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Trade creditors |
18.6 |
14.1 |
12.4 |
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Advances received |
0.4 |
0.1 |
0.1 |
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Other loans |
3.1 |
8.3 |
3.7 |
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Taxation and social security |
21.1 |
2.3 |
20.7 |
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Due to group companies |
0.1 |
0.1 |
0.1 |
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Total current liabilities |
43.2 |
25.0 |
37.0 |
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Total liabilities (including net worth) |
56.8 |
55.5 |
53.5 |
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Patents |
0.0 |
0.0 |
0.0 |
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Intangibles |
0.0 |
0.0 |
0.0 |
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Total tangible fixed assets |
0.1 |
0.1 |
0.1 |
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Shares held in associated companies |
2.7 |
2.9 |
2.8 |
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Total financial assets |
2.7 |
2.9 |
2.8 |
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Total non-current assets |
2.8 |
3.0 |
3.0 |
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Finished goods |
23.7 |
14.9 |
14.6 |
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Prepayments |
1.5 |
1.2 |
0.1 |
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Net stocks and work in progress |
25.2 |
16.1 |
14.7 |
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Trade debtors |
26.1 |
34.5 |
31.3 |
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Other receivables |
0.3 |
0.3 |
0.6 |
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Total receivables |
28.6 |
36.1 |
35.7 |
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Owing from associated companies |
2.2 |
1.3 |
3.8 |
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Cash and liquid assets |
0.0 |
0.0 |
0.0 |
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Total current assets |
53.9 |
52.2 |
50.5 |
|
Prepaid expenses and deferred costs |
0.1 |
0.2 |
0.1 |
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Total assets |
56.8 |
55.5 |
53.5 |
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 |
|
Exchange Rate |
0.745406 |
0.696986 |
0.719399 |
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Consolidated |
No |
No |
No |
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Current ratio |
12.45 |
20.91 |
13.63 |
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Acid test ratio |
6.62 |
14.47 |
9.65 |
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Total liabilities to net worth |
0.35% |
0.19% |
0.29% |
|
Net worth to total assets |
0.02% |
0.02% |
0.02% |
|
Current liabilities to net worth |
0.35% |
0.19% |
0.29% |
|
Current liabilities to stock |
0.17% |
0.16% |
0.25% |
|
Fixed assets to net worth |
0.02% |
0.02% |
0.02% |
|
Collection period |
383.00 |
544.00 |
412.00 |
|
Stock turnover rate |
1.01 |
0.70 |
0.53 |
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Profit margin |
0.00% |
0.00% |
0.00% |
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Return on assets |
0.01% |
0.01% |
0.03% |
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Shareholders' return |
0.03% |
0.03% |
0.09% |
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Sales per employee |
358.19 |
315.69 |
390.13 |
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Profit per employee |
4.79 |
5.71 |
15.37 |
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Average wage per employee |
6.58 |
6.89 |
8.43 |
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Net worth |
12.2 |
13.0 |
12.6 |
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Number of employees |
52 |
51 |
51 |
FOREIGN EXCHANGE RATES
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Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.56.01 |
|
UK Pound |
1 |
Rs.87.85 |
|
Euro |
1 |
Rs.70.54 |
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 |
|
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 |
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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 |
|
<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.