MIRA
INFORM REPORT
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Report Date : |
23.05.2012 |
IDENTIFICATION DETAILS
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Name : |
TER HELL & CO GMBH |
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Registered Office : |
Borsenbrucke 2 |
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Country : |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
11.06.1990 |
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Com. Reg. No.: |
44898 |
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Legal Form : |
Private Parent |
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Line of Business : |
Wholesale of chemical products |
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No. of Employees : |
93 |
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
Ter Hell & Co
GmbH
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Business Description
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TER HELL & CO. GMBH (TER HELL) is a distributor of chemical
products. The company provides various products such as adhesives, food,
glass fiber, reinforced plastics, gum rosin, paints and coatings, paper, specialty
chemicals and waxes. It provides various other services such as materials
selection, trading, logistics, marketing, applications engineering, process
engineering, eCommerce and product development services. The company has
regional sales offices at |
Industry
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Industry |
Chemical Manufacturing |
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ANZSIC 2006: |
3323 - Industrial and Agricultural
Chemical Product Wholesaling |
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NACE 2002: |
5155 - Wholesale of chemical products |
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NAICS 2002: |
424690 - Other Chemical and Allied
Products Merchant Wholesalers |
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5155 - Wholesale of chemical products |
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US SIC 1987: |
5169 - Chemicals and Allied Products, Not
Elsewhere Classified |
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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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Corporate Structure News:
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Ter Hell &
Co GmbH |
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Company Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
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Parent |
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Chemical Manufacturing |
486.4 |
93 |
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Subsidiary |
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Fabricated Plastic and Rubber |
117.1 |
100 |
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Subsidiary |
FlΓΆrsheim Am |
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Construction - Raw Materials |
30.9 |
44 |
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Subsidiary |
St Soupplets |
France |
Chemical Manufacturing |
11.8 |
7 |
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Subsidiary |
Hamburg, Hamburg |
Germany |
Chemical Manufacturing |
10.9 |
2 |
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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 |
Yes |
Yes |
Yes |
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Total income |
486.4 |
349.0 |
445.2 |
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Raw materials and services |
417.1 |
292.2 |
381.6 |
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Net sales |
486.4 |
349.0 |
445.2 |
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Change in stock |
0.8 |
-1.4 |
0.5 |
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Other operating income |
1.1 |
1.3 |
1.5 |
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Raw materials and consumables employed |
417.1 |
292.2 |
381.6 |
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Cost of goods sold |
417.1 |
292.2 |
381.6 |
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Cost of raw materials |
417.1 |
292.2 |
381.6 |
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Taxes and social security costs |
3.9 |
3.8 |
3.9 |
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Total payroll costs |
27.7 |
24.7 |
27.0 |
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Fixed asset depreciation and amortisation |
2.1 |
2.1 |
2.6 |
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Other operating costs |
51.5 |
44.0 |
47.8 |
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Net operating income |
15.6 |
7.8 |
12.2 |
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Income received from associated companies |
0.1 |
0.1 |
0.0 |
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Other income |
0.1 |
0.1 |
0.3 |
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Interest payable on loans |
2.3 |
2.3 |
3.9 |
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Other expenses |
0.0 |
- |
- |
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Total expenses |
-3.9 |
-3.2 |
0.3 |
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Profit before tax |
19.5 |
11.0 |
11.9 |
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Provisions |
10.3 |
7.7 |
8.5 |
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Extraordinary expenses |
0.9 |
- |
- |
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Extraordinary result |
-0.9 |
- |
- |
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Other taxes |
0.2 |
0.4 |
0.1 |
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Total taxation |
4.3 |
1.4 |
2.9 |
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Net profit |
14.1 |
9.2 |
8.8 |
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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 |
Yes |
Yes |
Yes |
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Issued capital |
6.7 |
7.2 |
7.0 |
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Total reserves |
16.1 |
12.9 |
12.5 |
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Profits for the year |
41.3 |
35.3 |
28.8 |
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Total stockholders equity |
69.6 |
60.5 |
52.6 |
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Minority interests |
4.4 |
4.0 |
3.2 |
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Deferred taxation |
1.6 |
0.3 |
0.2 |
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Other provisions |
3.4 |
2.7 |
3.2 |
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Provision for pensions |
5.5 |
4.9 |
4.8 |
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Provisions and allowances |
10.5 |
8.0 |
8.1 |
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Other debentures |
14.8 |
11.6 |
11.0 |
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Taxes and social security |
9.3 |
7.7 |
11.0 |
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Total long-term liabilities |
24.0 |
19.3 |
21.9 |
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Trade creditors |
33.4 |
28.8 |
13.4 |
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Other loans |
25.8 |
10.4 |
15.1 |
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Taxation and social security |
16.2 |
18.2 |
16.8 |
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Owing to participants |
0.3 |
0.5 |
0.3 |
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Total current liabilities |
75.7 |
58.0 |
45.6 |
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Total liabilities (including net worth) |
179.8 |
145.8 |
128.3 |
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Patents |
0.8 |
0.8 |
0.9 |
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Intangibles |
0.8 |
1.0 |
1.0 |
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Land and buildings |
9.1 |
9.8 |
10.0 |
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Machinery and tools |
4.0 |
3.1 |
2.2 |
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Fixtures and equipment |
9.1 |
9.8 |
10.0 |
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Fixed assets under construction |
0.4 |
0.1 |
0.7 |
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Total tangible fixed assets |
16.3 |
15.5 |
15.4 |
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Long-term investments |
37.5 |
29.8 |
24.3 |
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Participating interest |
0.2 |
0.8 |
0.5 |
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Deposits |
0.0 |
0.0 |
0.4 |
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Total financial assets |
37.8 |
30.6 |
25.3 |
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Loans to participants |
0.1 |
- |
- |
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Total non-current assets |
55.0 |
47.1 |
41.7 |
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Raw materials |
4.6 |
2.3 |
2.1 |
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Work in progress |
0.3 |
0.2 |
0.2 |
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Finished goods |
67.6 |
48.8 |
46.0 |
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Prepayments |
0.2 |
0.3 |
- |
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Net stocks and work in progress |
72.8 |
51.6 |
48.3 |
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Trade debtors |
43.4 |
36.7 |
29.0 |
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Other receivables |
4.3 |
5.1 |
3.4 |
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Total receivables |
48.2 |
42.0 |
33.6 |
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Owing from participants |
0.4 |
0.2 |
1.1 |
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Cash and liquid assets |
3.5 |
4.8 |
4.3 |
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Total current assets |
124.5 |
98.4 |
86.2 |
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Prepaid expenses and deferred costs |
0.4 |
0.4 |
0.4 |
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Total assets |
179.8 |
145.8 |
128.3 |
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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 |
Yes |
Yes |
Yes |
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Current ratio |
16.44 |
16.96 |
18.88 |
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Acid test ratio |
6.82 |
8.07 |
8.29 |
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Total liabilities to net worth |
0.14% |
0.13% |
0.13% |
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Net worth to total assets |
0.04% |
0.04% |
0.04% |
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Current liabilities to net worth |
0.11% |
0.10% |
0.09% |
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Current liabilities to stock |
0.10% |
0.11% |
0.09% |
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Fixed assets to net worth |
0.08% |
0.08% |
0.08% |
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Collection period |
321.00 |
372.00 |
252.00 |
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Stock turnover rate |
1.48 |
1.43 |
1.14 |
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Profit margin |
0.00% |
0.00% |
0.00% |
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Return on assets |
0.01% |
0.01% |
0.01% |
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Shareholders' return |
0.02% |
0.02% |
0.02% |
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Sales per employee |
130.71 |
92.94 |
114.86 |
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Profit per employee |
4.03 |
2.44 |
2.28 |
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Average wage per employee |
7.45 |
6.57 |
6.96 |
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Net worth |
69.6 |
60.5 |
52.6 |
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Number of employees |
281 |
270 |
265 |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.54.88 |
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|
1 |
Rs.86.84 |
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Euro |
1 |
Rs.70.21 |
INFORMATION DETAILS
|
Report Prepared
by : |
PRL |
RATING EXPLANATIONS
|
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.