MIRA INFORM REPORT

 

 

Report Date :           

07.11.2012

 

IDENTIFICATION DETAILS

 

Correct Name :

RIBA EDELSTAHL HANDELSGESELLSCHAFT MBH

 

 

Registered Office :

Ziethenstr. 10, D 22041 Hamburg

 

 

Country :

Germany

 

 

Financials (as on) :

31.12.2010

 

 

Date of Incorporation :

07.12.1982

 

 

Com. Reg. No.:

HRB 30162

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Wholesaler of iron ores, iron, steel and iron and steel semi-finished goods

 

 

No. of Employees :

26

 

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 – September 30th, 2011

 

Country Name

Previous Rating

                   (30.06.2011)                  

Current Rating

(30.09.2011)

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

 

Riba Edelstahl Handelsgesellschaft mbH

 

 

Company address

 

Ziethenstr. 10

D 22041 Hamburg

Telephone:        040/6568650

Telefax:             040/65866535

Homepage:        www.riba-edelstahl.de

E-mail:              info@riba-edelstahl.de

 

 

VAT no.

 

DE118698669

 

 

CONCLUSION

 

Business relations are permissible.

 

 

Synthesis

 

LEGAL FORM               Private limited company

Date of foundation:         1982

Shareholders'

agreement:                    01.09.1982

Registered on:               07.12.1982

Commercial Register:     Local court 20355 Hamburg

under:                                       HRB 30162

Share capital:                 EUR            500,000.00

 

 

Shareholder

 

Hans-Ulrich Hribar

Dorotheenstr. 13

D 22301 Hamburg

born: 08.08.1951

Share:             EUR            500,000.00

Manager

 

Hans-Ulrich Hribar

Dorotheenstr. 13

D 22301 Hamburg

having sole power of representation

born: 08.08.1951

Profession: Businessman

 

 

BUSINESS ACTIVITIES

 

Sectors

46721   Wholesale of iron ores, iron, steel and iron and steel semi-finished goods

 

 

FINANCIAL INFORMATION

 

Payment experience:     within periods customary in this trade

 

Negative information       We have no negative information at hand.

 

Balance sheet year:       2010

 

 

REAL ESTATE

 

Type of ownership:         Tenant

Address                        Ziethenstr. 10

                                    D 22041 Hamburg

 

Land register documents were not available.

 

 

BANKERS

 

UNICREDIT BANK - HYPOVEREINSBANK, HAMBURG

Sort. code: 20030000, BIC: HYVEDEMM300

 

HAMBURGER SPARKASSE, HAMBURG

Sort. code: 20050550, BIC: HASPDEHHXXX

 

 

FINANCIAL FIGURES

 

 Turnover:            2011               EUR          7,800,000.00

 Profit:              2010               EUR            107,690.00

 further business figures:

 Equipment:                              EUR            182,000.00

 Ac/ts receivable:                       EUR            789,484.00

 Liabillities:                           EUR          3,759,068.00

 Employees:                                                     26

 

The aforementioned business figures may partly be estimated information based on average values in the line of business.

 

 

BALANCE SHEETS

 

 Balance sheet ratios 01.01.2010 - 31.12.2010

 Equity ratio [%]:                 29.48

 Liquidity ratio:                   0.23

 Return on total capital [%]:       2.07

 

 Balance sheet ratios 01.01.2009 - 31.12.2009

 Equity ratio [%]:                 24.43

 Liquidity ratio:                   0.13

 Return on total capital [%]:      -0.38

 

 Balance sheet ratios 01.01.2008 - 31.12.2008

 Equity ratio [%]:                 20.00

 Liquidity ratio:                   0.14

 

 Balance sheet ratios 01.01.2007 - 31.12.2007

 Equity ratio [%]:                 20.36

 Liquidity ratio:                   0.26

 Return on total capital [%]:       4.17

 

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          5,213,847.54

  Fixed assets                           EUR            360,065.71

   Intangible assets                     EUR                295.00

    Other / unspecified intangible assetsEUR                295.00

   Tangible assets                       EUR            359,770.71

    Other / unspecified tangible assets  EUR            359,770.71

  Current assets                         EUR          4,842,703.03

   Stocks                                EUR          4,018,468.00

   Accounts receivable                   EUR            789,483.82

    Other debtors and assets             EUR            789,483.82

   Liquid means                          EUR             34,751.21

  Remaining other assets                 EUR             11,078.80

   Accruals (assets)                     EUR             11,078.80

 

 LIABILITIES                             EUR          5,213,847.54

  Shareholders' equity                   EUR          1,187,357.29

   Capital                               EUR            500,000.00

    Subscribed capital (share capital)   EUR            500,000.00

   Balance sheet profit/loss (+/-)       EUR            687,357.29

    Profit / loss brought forward        EUR            579,667.64

    Annual surplus / annual deficit      EUR            107,689.65

  Provisions                             EUR            267,422.38

  Liabilities                            EUR          3,759,067.87

   Other liabilities                     EUR          3,759,067.87

    Unspecified other liabilities        EUR          3,759,067.87

 

 Type of balance

 sheet:               Company balance sheet

 

 Financial year:      01.01.2009 - 31.12.2009

 

 ASSETS                                  EUR          5,848,967.22

  Fixed assets                           EUR            535,921.00

   Intangible assets                     EUR              1,682.00

   Tangible assets                       EUR            334,040.00

   Financial assets                      EUR            200,199.00

  Current assets                         EUR          5,297,222.44

   Stocks                                EUR          4,731,353.08

   Accounts receivable                   EUR            518,428.52

   Liquid means                          EUR             47,440.84

  Remaining other assets                 EUR             15,823.78

   Accruals (assets)                     EUR             15,823.78

 

 LIABILITIES                             EUR          5,848,967.22

  Shareholders' equity                   EUR          1,079,667.64

   Capital                               EUR            500,000.00

    Subscribed capital (share capital)   EUR            500,000.00

   Balance sheet profit/loss (+/-)       EUR            579,667.64

    Profit / loss brought forward        EUR            601,784.58

    Annual surplus / annual deficit      EUR            -22,116.94

  Provisions                             EUR            403,864.00

  Liabilities                            EUR          4,365,435.58

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.54.60

UK Pound

1

Rs.87.31

Euro

1

Rs.69.86

 

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.