MIRA INFORM REPORT

 

 

Report Date :

02.05.2012

 

IDENTIFICATION DETAILS

 

Name :

TERROT GMBH

 

 

Registered Office :

Paul-Gruner-Str. 72b, Chemnitz, 09120

 

 

Country :

Germany

 

 

Financials (as on) :

31.12.2010

 

 

Date of Incorporation :

15.09.2000

 

 

Com. Reg. No.:

22867

 

 

Legal Form :

Private Independent Company

 

 

Line of Business :

manufacture of textile machinery

 

 

No. of Employees :

165

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Status :

Satisfactory

 

 

Payment Behaviour :

Usually Correct 

 

 

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

 

Country Name

Previous Rating

(31.12.2011)

Current Rating

(31.03.2012)

Germany

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 

Company name & address 

 

Terrot GmbH

Paul-Gruner-Str. 72b

Chemnitz, 09120

Germany

Tel:       49 (371) 52 01-0

Fax:      49 (371) 52 01-200

Web:    www.terrot.de

           

 

Synthesis

 

Employees:                  165

Company Type:            Private Independent

Incorporation Date:         15-Sep-2000    

Financials in:                 USD (Millions)

Fiscal Year End:            31-Dec-2010

Reporting Currency:       Euro

Annual Sales:               NA

Total Assets:                13.3

 

 

Business Description     

 

Terrot GmbH is primarily engaged in manufacture of textile machinery (machines for preparing, producing, extruding, drawing, texturing or cutting man-made textile fibres, materials or yarns; machines for preparing textile fibres: cotton gins, bale breakers, garnetters, cotton spreaders, wool scourers, wool carbonisers, combs, carders, roving frames, etc.; spinning machines; machines for preparing textile yarns: reelers, warpers and related machines; weaving machines (looms) including hand looms; knitting machines; machines for making knotted net, tulle, lace, braid, etc.); manufacture of auxiliary machines or equipment for textile machinery (dobbies, Jacquards, automatic stop motions, shuttle changing mechanisms, spindles and spindle flyers, etc.); manufacture of machinery for fabric processing (machinery for washing, bleaching, dyeing, dressing, finishing, coating or impregnating textile fabrics; manufacture of machines for reeling, unreeling, folding, cutting or pinking textile fabrics); manufacture of laundry machinery (ironing machines including fusing presses; laundry-type washing and drying machines; dry cleaning machines); manufacture of sewing machines, sewing machine heads and sewing machine needles; manufacture of machines for producing or finishing felt or nonwovens; manufacture of leather machines (machinery for preparing, tanning or working hides, skins or leather; and machinery for making or repairing footwear or other articles of hides, skins, leather or furskins).

 

Industry             

Industry            Miscellaneous Capital Goods

ANZSIC 2006:    2469 - Other Specialised Machinery and Equipment Manufacturing

NACE 2002:      2954 - Manufacture of machinery for textile, apparel and leather production

NAICS 2002:     333292 - Textile Machinery Manufacturing

UK SIC 2003:    2954 - Manufacture of machinery for textile, apparel and leather production

US SIC 1987:    3552 - Textile Machinery

 

           

Key Executives   

 

Name                                       Title    

Peter SchUring  Managing          Director

Andreas von Bismarck                Managing director         

 

 

News   

 

Title                                                                             Date

TOMMY'S TIPS CRAYFORD (Live on

Daily Record (Glasgow, Scotland) (126 Words)                 4-Feb-2012

 

Registered No.(DEU):                                                     22867

 

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

Paul-Gruner-Str. 72b

Chemnitz, 09120

Germany

Tel:       49 (371) 52 01-0

Fax:      49 (371) 52 01-200

Web:    www.terrot.de

           

Sales EUR(mil):             NA

Assets EUR(mil):           9.9

Employees:                   165

Fiscal Year End:            31-Dec-2010

Industry:                        Miscellaneous Capital Goods

Incorporation Date:         15-Sep-2000

Company Type:             Private Independent

Quoted Status:              Not Quoted

Registered No.(DEU):     22867

 

Contents

Industry Codes

Business Description

Financial Data

Key Corporate Relationships

 

 

 

Industry Codes

 

ANZSIC 2006 Codes:

2469     -          Other Specialised Machinery and Equipment Manufacturing

 

NACE 2002 Codes:

2954     -          Manufacture of machinery for textile, apparel and leather production

 

NAICS 2002 Codes:

333292  -          Textile Machinery Manufacturing

 

US SIC 1987:

3552     -          Textile Machinery

 

UK SIC 2003:

2954     -          Manufacture of machinery for textile, apparel and leather production

 

Business Description

Manufacture of industrial knitting machines

 

More Business Descriptions

Terrot GmbH is primarily engaged in manufacture of textile machinery (machines for preparing, producing, extruding, drawing, texturing or cutting man-made textile fibres, materials or yarns; machines for preparing textile fibres: cotton gins, bale breakers, garnetters, cotton spreaders, wool scourers, wool carbonisers, combs, carders, roving frames, etc.; spinning machines; machines for preparing textile yarns: reelers, warpers and related machines; weaving machines (looms) including hand looms; knitting machines; machines for making knotted net, tulle, lace, braid, etc.); manufacture of auxiliary machines or equipment for textile machinery (dobbies, Jacquards, automatic stop motions, shuttle changing mechanisms, spindles and spindle flyers, etc.); manufacture of machinery for fabric processing (machinery for washing, bleaching, dyeing, dressing, finishing, coating or impregnating textile fabrics; manufacture of machines for reeling, unreeling, folding, cutting or pinking textile fabrics); manufacture of laundry machinery (ironing machines including fusing presses; laundry-type washing and drying machines; dry cleaning machines); manufacture of sewing machines, sewing machine heads and sewing machine needles; manufacture of machines for producing or finishing felt or nonwovens; manufacture of leather machines (machinery for preparing, tanning or working hides, skins or leather; and machinery for making or repairing footwear or other articles of hides, skins, leather or furskins).

 

Financial Data

Financials in:

EUR(mil)

 

Assets:

9.9

Current Assets:

8.7

 

Total Liabilities:

9.9

 

Issued Capital:

1.3

 

Net Worth:

0.8

 

 

 

Date of Financial Data:

31-Dec-2010

 

1 Year Growth

NA

 

Key Corporate Relationships

Bank:

Deutsche Bank AG, Commerzbank AG, Stuttgarter Bank AG, Trinkaus & Burkhardt, Landesgirokasse Stuttgart

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Executive report

 

 

Executives

 

Name

Title

Function

 

Peter SchUring

 

Managing Director

Managing Director

 

Andreas von Bismarck

 

Managing director

Managing Director

 

 

 

Annual Profit & Loss

 

 

 

31-Dec-2010

31-Dec-2009

31-Dec-2008

Period Length

12 Months

12 Months

12 Months

Filed Currency

EUR

EUR

EUR

Exchange Rate (Period Average)

0.755078

0.719047

0.683679

Consolidated

No

No

No

 

 

 

 

Taxes and social security costs

1.3

1.0

1.3

Total payroll costs

8.1

5.9

7.4

Fixed asset depreciation and amortisation

0.4

0.5

0.5

Other operating costs

10.9

7.6

8.4

Net operating income

1.7

-0.3

-0.7

Other income

0.1

0.1

0.0

Interest payable on loans

0.7

0.7

0.8

Other expenses

-

0.0

0.0

Total expenses

0.6

0.6

0.8

Profit before tax

1.1

-1.0

-1.5

Provisions

2.0

1.3

1.3

Other taxes

0.0

0.0

0.0

Total taxation

-0.2

0.0

-0.1

Net profit

1.3

-

-

Net loss

-

-1.0

-1.4

 

Annual Balance Sheet

 

 

 

 

31-Dec-2010

31-Dec-2009

31-Dec-2008

Filed Currency

EUR

EUR

EUR

Exchange Rate

0.745406

0.696986

0.719399

Consolidated

No

No

No

 

 

 

 

Issued capital

1.7

1.9

1.4

Profits for the year

-0.6

-2.1

-1.1

Profit brought forward from previous year(s)

-2.0

-1.1

0.3

Total stockholders equity

1.1

-0.2

0.3

Provisions and allowances

2.1

1.3

1.2

Total current liabilities

6.9

7.8

8.0

Regularisation account

-

0.0

-

Total liabilities (including net worth)

13.3

12.4

12.9

Patents

0.0

0.0

0.0

Goodwill

0.5

0.5

0.6

Intangibles

0.5

0.6

0.6

Land and buildings

0.3

0.3

0.3

Machinery and tools

0.1

0.3

0.6

Fixtures and equipment

0.3

0.3

0.3

Fixed assets under construction

0.0

0.0

-

Total tangible fixed assets

0.7

0.9

1.2

Long-term investments

-

-

0.0

Total financial assets

-

-

0.0

Total non-current assets

1.2

1.5

1.8

Net stocks and work in progress

5.6

5.8

7.2

Total receivables

4.4

4.2

3.5

Cash and liquid assets

1.7

0.8

0.3

Total current assets

11.7

10.9

11.0

Prepaid expenses and deferred costs

0.3

0.1

0.1

Total assets

13.3

12.4

12.9

 

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

No

No

No

 

 

 

 

Current ratio

17.00

13.86

13.74

Acid test ratio

8.87

6.45

4.74

Total liabilities to net worth

0.62%

-3.41%

2.45%

Net worth to total assets

0.01%

0.00%

0.00%

Current liabilities to net worth

0.62%

-3.41%

2.45%

Current liabilities to stock

0.12%

0.13%

0.11%

Fixed assets to net worth

0.11%

-0.63%

0.56%

Return on assets

0.02%

0.00%

0.00%

Shareholders' return

0.12%

0.43%

-0.41%

Profit per employee

0.60

-0.48

-0.68

Average wage per employee

3.71

2.96

3.54

Net worth

1.1

-0.2

0.3

Number of employees

165

144

142

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.52.68

UK Pound

1

Rs.85.12

Euro

1

Rs.69.38

 

INFORMATION DETAILS

 

Report Prepared by :

MNL

 

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 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%)

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.