MIRA
INFORM REPORT
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Report Date : |
12.11.2012 |
IDENTIFICATION DETAILS
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Name : |
FLANSCHENWERK BEBITZ GMBH |
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Registered Office : |
Lebendorfer Strabe 1 Konnern, 06420 |
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Country : |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
31.07.2002 |
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Com. Reg. No.: |
16517 |
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Legal Form : |
Private Independent |
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Line of Business : |
Manufacture of metal household articles (sauce-pans, frying pans and other non-electrical utensils for use at the table or in the kitchen |
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No. of Employees : |
200 |
RATING & COMMENTS
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MIRA’s 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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Maximum Credit Limit : |
USD 700000 |
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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 – June 30th, 2012
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Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
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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 |
The German economy - the fifth largest economy in the world
in PPP terms and
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Source : CIA |
Company name and address
Flanschenwerk Bebitz GmbH
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Business
Description
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Flanschenwerk Bebitz GmbH is primarily engaged in manufacture of metal
household articles (sauce-pans, frying pans and other non-electrical utensils
for use at the table or in the kitchen; base metal flat ware; small kitchen
appliances and accessories; and metal scouring pads); manufacture of baths,
sinks, wash basins and similar articles of base metal; manufacture of small
metal goods for office use; manufacture of safes, strong-boxes, armoured
doors, etc.; manufacture of cutlasses, swords, bayonets, etc.; manufacture of
ships’ propellers; and manufacture of various articles in base metal (metal
safety headgear; clasps, buckles, hooks; and sign plates). |
Industry
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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Executives Report
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Maximum Credit Limit
USD 700000
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 |
No |
No |
No |
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Total income |
72.8 |
44.7 |
88.9 |
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Raw materials and services |
57.7 |
29.5 |
63.7 |
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Net sales |
72.8 |
44.7 |
88.9 |
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Change in stock |
8.1 |
-2.9 |
0.7 |
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Other operating income |
1.6 |
1.6 |
3.0 |
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Raw materials and consumables employed |
57.7 |
29.5 |
63.7 |
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Other external charges |
0.5 |
0.1 |
0.2 |
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Cost of goods sold |
58.1 |
29.6 |
63.9 |
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Cost of raw materials |
58.1 |
29.6 |
63.9 |
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Taxes and social security costs |
1.5 |
1.5 |
2.0 |
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Total payroll costs |
9.5 |
8.9 |
12.5 |
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Fixed asset depreciation and amortisation |
2.2 |
2.6 |
2.6 |
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Other operating costs |
16.4 |
12.0 |
22.7 |
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Net operating income |
4.6 |
-3.6 |
2.1 |
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Other income |
0.0 |
0.0 |
0.0 |
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Interest payable on loans |
0.7 |
1.0 |
1.8 |
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Total expenses |
0.7 |
1.0 |
1.8 |
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Profit before tax |
3.9 |
-4.5 |
0.3 |
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Extraordinary income |
- |
0.1 |
- |
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Provisions |
0.7 |
0.2 |
0.5 |
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Extraordinary result |
- |
0.1 |
- |
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Other taxes |
0.1 |
0.1 |
0.1 |
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Total taxation |
1.0 |
-1.2 |
0.0 |
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Net profit |
2.8 |
- |
0.2 |
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Net loss |
- |
-3.3 |
- |
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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 |
No |
No |
No |
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Issued capital |
4.8 |
5.2 |
5.0 |
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Other reserves |
0.2 |
0.2 |
- |
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Total reserves |
0.2 |
0.2 |
- |
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Profits for the year |
6.1 |
3.5 |
6.6 |
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Total stockholders equity |
11.1 |
8.8 |
11.6 |
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Deferred taxation |
0.3 |
- |
- |
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Other provisions |
0.5 |
0.2 |
0.3 |
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Provisions and allowances |
0.7 |
0.2 |
0.5 |
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Other debentures |
2.1 |
5.4 |
7.2 |
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Trade accounts payable |
- |
- |
0.1 |
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Taxes and social security |
1.6 |
1.7 |
2.3 |
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Total long-term liabilities |
3.7 |
7.1 |
9.6 |
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Trade creditors |
6.6 |
2.7 |
5.8 |
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Other loans |
15.6 |
15.3 |
16.8 |
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Loans repayable within 1 year |
17.7 |
4.6 |
2.1 |
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Taxation and social security |
0.9 |
0.9 |
0.1 |
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Due to group companies |
0.1 |
0.1 |
0.2 |
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Total current liabilities |
41.0 |
23.6 |
25.1 |
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Total liabilities (including net worth) |
58.9 |
42.7 |
50.1 |
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Patents |
0.0 |
0.0 |
0.3 |
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Goodwill |
0.1 |
0.1 |
0.1 |
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Intangibles |
0.1 |
0.2 |
0.5 |
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Land and buildings |
4.2 |
4.6 |
4.6 |
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Machinery and tools |
14.6 |
17.0 |
17.7 |
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Fixtures and equipment |
4.2 |
4.6 |
4.6 |
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Fixed assets under construction |
0.6 |
0.0 |
0.7 |
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Total tangible fixed assets |
20.1 |
22.2 |
23.7 |
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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 |
20.3 |
22.4 |
24.2 |
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Raw materials |
10.5 |
4.5 |
- |
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Work in progress |
0.9 |
0.6 |
- |
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Finished goods |
13.6 |
6.1 |
- |
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Net stocks and work in progress |
25.0 |
11.2 |
14.3 |
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Trade debtors |
10.8 |
6.5 |
9.1 |
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Other receivables |
0.3 |
0.7 |
1.2 |
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Total receivables |
12.9 |
7.4 |
11.1 |
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Owing from associated companies |
1.8 |
0.2 |
0.9 |
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Cash and liquid assets |
0.1 |
0.1 |
0.2 |
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Recoverable taxation |
0.5 |
1.5 |
- |
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Total current assets |
38.0 |
18.7 |
25.6 |
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Prepaid expenses and deferred costs |
0.1 |
0.2 |
0.2 |
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Total assets |
58.9 |
42.7 |
50.1 |
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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 |
No |
No |
No |
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Current ratio |
9.29 |
7.91 |
10.24 |
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Acid test ratio |
3.18 |
3.18 |
4.51 |
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Total liabilities to net worth |
0.40% |
0.35% |
0.30% |
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Net worth to total assets |
0.02% |
0.02% |
0.02% |
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Current liabilities to net worth |
0.37% |
0.27% |
0.22% |
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Current liabilities to stock |
0.16% |
0.21% |
0.17% |
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Fixed assets to net worth |
0.18% |
0.25% |
0.21% |
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Collection period |
533.00 |
515.00 |
391.00 |
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Stock turnover rate |
3.39 |
2.42 |
1.70 |
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Profit margin |
0.00% |
-0.01% |
0.00% |
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Return on assets |
0.01% |
-0.01% |
0.00% |
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Shareholders' return |
0.03% |
-0.04% |
0.00% |
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Sales per employee |
26.44 |
14.69 |
26.20 |
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Profit per employee |
1.02 |
-1.10 |
0.05 |
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Average wage per employee |
3.44 |
2.91 |
3.69 |
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Net worth |
11.1 |
8.8 |
11.6 |
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Number of employees |
200 |
219 |
232 |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.54.34 |
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1 |
Rs.86.97 |
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Euro |
1 |
Rs.69.43 |
INFORMATION DETAILS
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Report Prepared
by : |
MNL |
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 |
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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.