MIRA
INFORM REPORT
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Report Date : |
27.03.2012 |
IDENTIFICATION DETAILS
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Name : |
TEDI GMBH & CO. KG |
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Registered Office : |
Brackeler Hellweg 301 |
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Country : |
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Financials (as on) : |
30.04.2010 |
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Date of Incorporation : |
01.04.2004 |
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Com. Reg. No.: |
15612 |
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Legal Form : |
Private Subsidiary |
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Line of Business : |
Miscellaneous Store Retailers |
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No. of Employees : |
6,000 |
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 : |
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
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Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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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
TEDi GmbH & Co. KG
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Business
Description
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TEDi GmbH & Co. KG is primarily engaged in retail sale of floor
coverings; retail sale of photographic, optical and precision equipment,
office supplies and equipment (including computers); retail sale of
jewellery, clocks and watches; retail sale of sports goods, games and toys,
stamps and coins; retail sale in commercial art galleries; retail sale by
opticians; retail sale of mobile telephones; and other retail sale in
specialised stores not elsewhere classified. |
Industry
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Industry |
Retail (Specialty) |
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ANZSIC 2006: |
4279 - Other Store-Based Retailing Not
Elsewhere Classified |
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NACE 2002: |
5248 - Other retail sale in specialised
stores |
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NAICS 2002: |
453 - Miscellaneous Store Retailers |
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5248 - Other retail sale in specialised
stores |
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US SIC 1987: |
5999 - Miscellaneous Retail Stores, Not
Elsewhere Classified |
1 - Profit &
Loss Item Exchange Rate: USD 1 = EUR 0.7075491
2 - Balance Sheet Item Exchange Rate: USD 1 = EUR 0.7520776
Corporate Overview
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Corporate Structure News
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TEDi GmbH &
Co. KG |
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Company Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
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B. H. Holding GmbH |
Parent |
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Subsidiary |
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Retail (Specialty) |
430.6 |
6,000 |
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Subsidiary |
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Personal Services |
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106 |
Annual
Profit & Loss
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30-Apr-2010 |
30-Apr-2009 |
30-Apr-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) |
0.707549 |
0.717707 |
0.698503 |
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Consolidated |
Yes |
Yes |
Yes |
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Total income |
430.6 |
334.2 |
266.3 |
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Raw materials and services |
172.9 |
136.3 |
113.3 |
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Net sales |
430.6 |
334.2 |
266.3 |
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Other operating income |
6.1 |
7.1 |
2.5 |
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Raw materials and consumables employed |
172.9 |
136.3 |
113.3 |
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Cost of goods sold |
172.9 |
136.3 |
113.3 |
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Cost of raw materials |
172.9 |
136.3 |
113.3 |
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Taxes and social security costs |
17.4 |
13.8 |
11.7 |
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Total payroll costs |
102.4 |
79.7 |
67.7 |
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Fixed asset depreciation and amortisation |
5.1 |
3.5 |
4.0 |
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Other operating costs |
232.5 |
191.1 |
153.6 |
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Net operating income |
40.0 |
26.2 |
7.1 |
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Other income |
0.2 |
0.2 |
0.1 |
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Interest payable on loans |
1.7 |
0.8 |
0.6 |
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Total expenses |
1.5 |
0.6 |
0.5 |
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Profit before tax |
38.5 |
25.6 |
6.5 |
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Provisions |
26.6 |
17.1 |
13.1 |
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Other taxes |
0.4 |
0.0 |
0.0 |
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Total taxation |
6.0 |
3.3 |
0.8 |
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Net profit |
32.1 |
22.2 |
5.7 |
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Annual Balance
Sheet |
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Financials in:
USD (mil) |
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30-Apr-2010 |
30-Apr-2009 |
30-Apr-2008 |
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Filed Currency |
EUR |
EUR |
EUR |
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Exchange Rate |
0.752078 |
0.75466 |
0.642302 |
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Consolidated |
Yes |
Yes |
Yes |
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Profits for the year |
0.0 |
- |
- |
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Profit brought forward from previous year(s) |
0.0 |
- |
- |
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Total stockholders equity |
17.3 |
17.2 |
8.5 |
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Deferred taxation |
9.6 |
3.9 |
0.9 |
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Other provisions |
15.4 |
12.3 |
13.4 |
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Provisions and allowances |
25.0 |
16.2 |
14.3 |
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Other debentures |
23.6 |
24.8 |
- |
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Total long-term liabilities |
23.6 |
24.8 |
- |
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Trade creditors |
34.6 |
24.0 |
25.6 |
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Other loans |
1.3 |
1.3 |
11.7 |
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Taxation and social security |
2.5 |
2.8 |
2.1 |
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Other current liabilities |
32.7 |
12.6 |
0.9 |
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Total current liabilities |
71.1 |
40.7 |
40.4 |
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Total liabilities (including net worth) |
137.0 |
99.0 |
63.2 |
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Patents |
0.8 |
0.9 |
0.8 |
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Intangibles |
0.8 |
0.9 |
0.8 |
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Land and buildings |
24.6 |
23.0 |
0.1 |
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Fixtures and equipment |
24.6 |
23.0 |
0.1 |
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Fixed assets under construction |
8.3 |
1.4 |
1.0 |
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Total tangible fixed assets |
49.6 |
37.9 |
13.9 |
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Shares held in associated companies |
0.0 |
0.0 |
- |
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Total financial assets |
0.0 |
0.0 |
- |
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Total non-current assets |
50.4 |
38.8 |
14.7 |
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Finished goods |
51.4 |
38.7 |
39.2 |
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Net stocks and work in progress |
51.4 |
38.7 |
39.2 |
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Trade debtors |
0.5 |
0.2 |
0.2 |
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Other receivables |
2.4 |
2.0 |
1.7 |
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Total receivables |
2.9 |
2.3 |
1.9 |
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Cash and liquid assets |
31.7 |
16.5 |
3.8 |
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Total current assets |
85.9 |
57.4 |
45.0 |
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Prepaid expenses and deferred costs |
0.7 |
2.8 |
3.5 |
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Total assets |
137.0 |
99.0 |
63.2 |
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Annual Ratios |
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Financials in:
USD (mil) |
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30-Apr-2010 |
30-Apr-2009 |
30-Apr-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 |
0.752078 |
0.75466 |
0.642302 |
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Consolidated |
Yes |
Yes |
Yes |
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Current ratio |
12.08 |
14.11 |
11.13 |
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Acid test ratio |
4.86 |
4.60 |
1.42 |
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Total liabilities to net worth |
0.55% |
0.38% |
0.48% |
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Net worth to total assets |
0.01% |
0.02% |
0.01% |
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Current liabilities to net worth |
0.41% |
0.24% |
0.48% |
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Current liabilities to stock |
0.14% |
0.11% |
0.10% |
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Fixed assets to net worth |
0.29% |
0.23% |
0.17% |
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Collection period |
4.00 |
4.00 |
4.00 |
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Stock turnover rate |
1.27 |
1.22 |
1.35 |
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Profit margin |
0.01% |
0.01% |
0.00% |
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Return on assets |
0.02% |
0.02% |
0.01% |
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Shareholders' return |
0.17% |
0.12% |
0.07% |
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Sales per employee |
5.19 |
4.63 |
4.27 |
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Profit per employee |
0.39 |
0.31 |
0.09 |
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Average wage per employee |
1.23 |
1.10 |
1.09 |
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Net worth |
17.3 |
17.2 |
8.5 |
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Number of employees |
5,870 |
5,183 |
4,352 |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.51.30 |
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|
1 |
Rs.81.36 |
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Euro |
1 |
Rs.67.97 |
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.