|
Report Date : |
11.05.2012 |
IDENTIFICATION DETAILS
|
Name : |
INTERKORDSA
GMBH |
|
|
|
|
Registered Office : |
Am Alten
Bahndamm 7 Gewerbegebiet D 99974 Mühlhausen |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2010 |
|
|
|
|
Date of Incorporation : |
04.12.1995 |
|
|
|
|
Com. Reg. No.: |
HRB 403568 |
|
|
|
|
Legal Form : |
Private
Limited Company |
|
|
|
|
Line of Business : |
Manufacture of technical textiles |
|
|
|
|
No. of Employees : |
95 |
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 : |
No Complaints |
|
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 |
InterKordSA GmbH
Company Status: active
Am Alten Bahndamm 7
Gewerbegebiet
D 99974 Mühlhausen
Telephone:03601/8840
Telefax: 03601/884123
Homepage: www.interkordsa.de
E-mail:
info@interkordsa.de
DE811990651
Business relations are
permissible.
LEGAL FORM Private
limited company
Date of foundation: 04.12.1995
Begin of business
activities: 01.10.1996
Shareholders'
agreement: 04.12.1995
Registered on: 31.01.1996
Commercial Register: Local court 07745 Jena
under: HRB
403568
EUR 6,124,000.00
Kordsa Global Endüstriyel Iptik ve Kord Bezi
Sanayi ve Ticaret A.S.
Kordsa Center, Kule 2, Kat: 5
4. Levent
TR 80745 istambul
Legal form: Other legal form
Share: EUR 6,124,000.00
Manager:
Mehmet Mesut Ada
USA Hixson
having sole power of representation
born: 02.02.1951
Nationality: USA
Proxy:
Ramazan Yasbay
D 37281 Wanfried
authorized to jointly represent the company
born: 23.03.1959
Marital status: unknown
Proxy:
Andreas Six
D 44135 Dortmund
authorized to jointly represent the company
born: 25.10.1967
04.12.1995 -
20.09.1999 InterCord Technische Fäden
GmbH
Am
Alten Bahndamm 7
D 99974 Mühlhausen
Private limited company
20.09.2006 -
07.07.2009 Manager
Bülent Arasli
D
99974 Mühlhausen
Secondary industrial sector
13960 Manufacture of technical textiles
General partner:
InterKordSa Dr. Walter Terschüren
Am Alten Bahndamm 7
D 99974 Mühlhausen
Legal form: Partnership under the Civil Code
Company Status: active
Payment experience: within agreed terms
Negative information:We
have no negative information at hand.
Balance sheet year: 2010
Type of ownership: Tenant
Address Am Alten Bahndamm 7 Gewerbegebiet
D
99974 Mühlhausen
Land register documents
were not available.
DZ BANK, BERLIN
Sort. code: 12060000,
Account no.: 96612, BIC: GENODEFF120
DEUTSCHE BANK, ERFURT
Sort. code: 82070000, BIC:
DEUTDE8EXXX
COMMERZBANK VORMALS
DRESDNER BANK, MÜHLHAUSEN /THÜRINGEN
Sort. code: 82080000, BIC:
DRESDEFF827
VR BANK WESTTHÜRINGEN,
MÜHLHAUSEN /THÜRINGEN
Sort. code: 82064038,
Account no.: 1044532, BIC: GENODEF1MU2
COMMERZBANK, MÜHLHAUSEN
/THÜRINGEN
Sort. code: 82040000, BIC:
COBADEFF820
AKBANK, FRANKFURT AM MAIN
Sort. code: 50010200,
Account no.: 90195009, BIC: AKBKDEFFXXX
Turnover: 2010 EUR 24,734,670.00
Profit: 2010 EUR 2,360,619.00
Equipment: EUR 587,072.00
Ac/ts receivable: EUR 5,553,005.00
Liabillities: EUR 5,688,230.00
Total numbers of vehicles: 3
Employees:
95
-
thereof permanent staff: 89
-
Trainees:
6
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 51.57
Liquidity ratio: 1.05
Return on total capital [%]: 15.38
Balance sheet ratios 01.01.2009 - 31.12.2009
Equity ratio [%]: 35.22
Liquidity ratio: 0.50
Return on total capital [%]: -7.94
Balance sheet ratios 01.01.2008 - 31.12.2008
Equity ratio [%]: 39.53
Liquidity ratio: 0.52
Return on total capital [%]: 2.31
Balance sheet ratios 01.01.2007 - 31.12.2007
Equity ratio [%]: 39.75
Liquidity ratio: 0.54
Return on total capital [%]: 3.66
Equity ratio
The equity ratio indicates
the portion of the equity as compared
to the total capital. The
higher the equity ratio, the better the
economic stability
(solvency) and thus the financial autonomy of
a company.
Liquidity ratio
The liquidity ratio shows
the proportion between adjusted
receivables and net
liabilities. The higher the ratio, the lower
the company's financial
dependancy from external creditors.
Return on total capital
The return on total capital
shows the efficiency and return on
the total capital employed
in the company. The higher the return
on total capital, the more
economically does the company work
with the invested capital.
Type
of balance
sheet: Company balance sheet
Financial year: 01.01.2010 - 31.12.2010
ASSETS EUR 15,357,813.29
Fixed assets EUR 7,195,821.76
Intangible assets
EUR 17,135.00
Concessions, licences, rights
EUR 17,135.00
Tangible assets
EUR 6,876,568.80
Land / similar rights
EUR 2,667,218.80
Plant / machinery
EUR 3,622,278.00
Other tangible assets / fixtures and
fittings
EUR 587,072.00
Financial assets EUR 302,117.96
Shares in participations /
subsidiaries and the like
EUR 302,117.96
Shares in related companies
EUR 301,117.96
Shares in cooperatives
EUR 1,000.00
Current assets
EUR 8,151,775.26
Stocks
EUR 2,213,091.07
Raw materials, consumables and
supplies
EUR 857,474.53
Finished goods / work in progress
EUR 1,355,616.54
Accounts receivable
EUR 5,553,005.14
Trade debtors
EUR 2,605,996.04
Amounts due from related companies
EUR 2,900,566.89
Other debtors and assets
EUR 46,442.21
Liquid means
EUR 385,679.05
Remaining other assets
EUR 10,216.27
Accruals (assets)
EUR 10,216.27
LIABILITIES EUR 15,357,813.29
Shareholders' equity
EUR 7,924,695.71
Capital
EUR 6,124,000.00
Subscribed capital (share capital)
EUR 6,124,000.00
Balance sheet profit/loss (+/-)
EUR 1,800,695.71
Profit / loss brought forward
EUR -559,923.62
Annual surplus / annual deficit
EUR 2,360,619.33
Items between shareholders' equity and
debt capital
EUR 970,643.52
Allowances / bonuses
EUR 970,643.52
Provisions
EUR 774,243.27
Provisions for taxes
EUR 201,508.03
Other / unspecified provisions
EUR 572,735.24
Liabilities
EUR 5,688,230.79
Financial debts
EUR 4,254,866.87
Liabilities due to banks
EUR 4,254,866.87
Other liabilities
EUR 1,433,363.92
Trade creditors (for IAS incl. bills
of exchange)
EUR 997,230.44
Liabililties due to related companiesEUR 285,949.88
Unspecified other liabilities
EUR 150,183.60
thereof liabilities from tax /
financial authorities
EUR 35,989.23
thereof liabilities from social
security EUR 0.00
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code
(HGB)
Sales
EUR 24,734,670.44
Inventory change + own costs (+/-)
EUR -148,722.86
Inventory change (+/-)
EUR -148,722.86
Other operating income
EUR 1,138,979.68
Cost of materials
EUR 15,636,774.36
Raw materials and supplies, purchased
goods EUR 15,571,432.62
Purchased services
EUR 65,341.74
Gross result (+/-)
EUR 10,088,152.90
Staff expenses
EUR 3,923,759.40
Wages and salaries
EUR 3,347,598.57
Social security contributions and
expenses for pension plans and
benefits
EUR 576,160.83
Total depreciation
EUR 1,400,798.16
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 1,400,798.16
Other operating expenses
EUR 2,068,149.74
Operating result from continuing
operations
EUR 2,695,445.60
Interest result (+/-)
EUR -149,905.24
Interest and similar income
EUR 150,931.62
thereof from related companies
EUR 150,902.17
Interest and similar expenses
EUR 300,836.86
thereof paid to related companies
EUR 120,405.41
Financial result (+/-)
EUR -149,905.24
Result from ordinary operations (+/-)
EUR 2,545,540.36
Income tax / refund of income tax (+/-)EUR -178,406.54
Other taxes / refund of taxes
EUR -6,514.49
Tax
(+/-)
EUR -184,921.03
Annual surplus / annual deficit
EUR 2,360,619.33
Type
of balance
sheet: Company balance sheet
Financial year: 01.01.2009 - 31.12.2009
ASSETS EUR 18,682,111.66
Fixed assets EUR 10,727,436.08
Intangible assets
EUR 28,259.00
Concessions, licences, rights
EUR 28,259.00
Tangible assets
EUR 10,397,059.12
Land / similar rights
EUR 2,762,151.80
Plant / machinery
EUR 6,986,876.00
Other tangible assets / fixtures and
fittings
EUR 568,672.97
Advance payments made / construction
in progress
EUR 79,358.35
Financial assets
EUR 302,117.96
Shares in participations /
subsidiaries and the like
EUR 302,117.96
Shares in related companies
EUR 301,117.96
Shares in cooperatives
EUR 1,000.00
Current assets
EUR 7,951,036.23
Stocks
EUR 2,240,929.73
Raw materials, consumables and
supplies
EUR 889,925.35
Finished goods / work in progress
EUR 1,351,004.38
Accounts receivable
EUR 5,339,914.19
Trade debtors EUR 1,978,976.89
Amounts due from related companies
EUR 2,997,825.72
Other debtors and assets
EUR 363,111.58
Liquid means
EUR 370,192.31
Remaining other assets
EUR 3,639.35
Accruals (assets)
EUR 3,639.35
LIABILITIES EUR 18,682,111.66
Shareholders' equity
EUR 5,564,076.35
Capital EUR 6,124,000.00
Subscribed capital (share capital)
EUR 6,124,000.00
Balance sheet profit/loss (+/-)
EUR -559,923.65
Profit / loss brought forward
EUR 914,235.61
Annual surplus / annual deficit
EUR -1,474,159.26
Items between shareholders' equity and
debt capital
EUR 1,790,094.72
Special items with reserve funds
EUR 1,790,094.72
Provisions EUR 200,552.25
Provisions for taxes
EUR 56,264.99
Other / unspecified provisions
EUR 144,287.26
Liabilities
EUR 11,127,388.34
Financial debts
EUR 7,228,331.13
Liabilities due to banks
EUR 7,228,331.13
Other liabilities
EUR 3,899,057.21
Trade creditors (for IAS incl. bills
of exchange)
EUR 681,289.69
Liabililties due to related companiesEUR 3,086,694.38
Unspecified other liabilities
EUR 131,073.14
thereof liabilities from tax /
financial authorities
EUR 41,108.67
thereof liabilities from social
security
EUR 2,175.26
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code
(HGB)
Sales EUR 16,748,328.39
Inventory change + own costs (+/-)
EUR -223,514.87
Inventory change (+/-)
EUR -223,514.87
Other operating income
EUR 616,721.74
Cost of materials
EUR 11,323,943.68
Raw materials and supplies, purchased
goods
EUR 11,310,110.94
Purchased services
EUR 13,832.74
Gross result (+/-) EUR 5,817,591.58
Staff expenses
EUR 3,342,714.71
Wages and salaries
EUR 2,775,506.14
Social security contributions and
expenses for pension plans and
benefits EUR 567,208.57
Total depreciation
EUR 1,821,387.29
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 1,821,387.29
Other operating expenses
EUR 1,707,791.31
Operating result from continuing
operations
EUR -1,054,301.73
Interest result (+/-)
EUR -416,402.66
Interest and similar income
EUR 97,052.90
thereof from related companies
EUR 93,803.21
Interest and similar expenses
EUR 513,455.56
Financial result (+/-)
EUR -416,402.66
Result from ordinary operations (+/-)
EUR -1,470,704.39
Other taxes / refund of taxes
EUR -3,454.87
Tax
(+/-)
EUR -3,454.87
Annual surplus / annual deficit
EUR -1,474,159.26
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.34 |
|
|
1 |
Rs.86.11 |
|
Euro |
1 |
Rs.69.07 |
INFORMATION DETAILS
|
Report Prepared
by : |
PRL |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.