MIRA
INFORM REPORT
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Report Date : |
17.08.2013 |
IDENTIFICATION DETAILS
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Name : |
REINHOLD NOOR INTERNATIONAL GMBH & CO KG |
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Registered Office : |
Raiffeisenstrasse 3, Viernheim, 68519 |
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Country : |
Germany |
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Financials (as on) : |
31.12.2012 |
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Date of Incorporation : |
30.09.1983 |
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Com. Reg. No.: |
HRA61541 |
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Legal Form : |
Private Independent |
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Line of Business : |
Subject is engaged in manufacture of precast concrete,
cement or artificial stone articles for use in construction (tiles,
flagstones, bricks, boards, sheets, panels, pipes, posts. |
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No. of Employees : |
16 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Slow but Correct |
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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, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
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Germany |
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 |
germany - ECONOMIC OVERVIEW
The German economy - the fifth largest economy in the world
in PPP terms and Europe's largest - is a leading exporter of machinery,
vehicles, chemicals, and household equipment and benefits from a highly skilled
labor force. Like its Western European neighbors, Germany faces significant
demographic challenges to sustained long-term growth. Low fertility rates and
declining net immigration are increasing pressure on the country's social welfare
system and necessitate structural reforms. Reforms launched by the government
of Chancellor Gerhard SCHROEDER (1998-2005), deemed necessary to address
chronically high unemployment and low average growth, contributed to strong
growth in 2006 and 2007 and falling unemployment. These advances, as well as a
government subsidized, reduced working hour scheme, help explain the relatively
modest increase in unemployment during the 2008-09 recession - the deepest
since World War II - and its decrease to 6.5% in 2012. GDP contracted 5.1% in
2009 but grew by 4.2% in 2010, and 3.0% in 2011, before dipping to 0.7% in 2012
- a reflection of low investment spending due to crisis-induced uncertainty and
the decreased demand for German exports from recession-stricken periphery
countries. Stimulus and stabilization efforts initiated in 2008 and 2009 and
tax cuts introduced in Chancellor Angela MERKEL's second term increased
Germany's total budget deficit - including federal, state, and municipal - to
4.1% in 2010, but slower spending and higher tax revenues reduced the deficit
to 0.8% in 2011. In 2012 Germany reached a budget surplus of 0.1%. A
constitutional amendment approved in 2009 limits the federal government to
structural deficits of no more than 0.35% of GDP per annum as of 2016 though
the target was already reached in 2012. By 2014, the federal government wants
to balance its budget. Following the March 2011 Fukushima nuclear disaster,
Chancellor Angela Merkel announced in May 2011 that eight of the country's 17
nuclear reactors would be shut down immediately and the remaining plants would
close by 2022. Germany hopes to replace nuclear power with renewable energy.
Before the shutdown of the eight reactors, Germany relied on nuclear power for
23% of its electricity generating capacity and 46% of its base-load electricity
production.
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Source
: CIA |
company name and address
REINHOLD NOOR INTERNATIONAL GMBH & CO KG
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Raiffeisenstrasse 3 Viernheim, 68519 Germany
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Business Description
Reinhold Noor International GmbH & Co KG is primarily
engaged in manufacture of precast concrete, cement or artificial stone articles
for use in construction (tiles, flagstones, bricks, boards, sheets, panels,
pipes, posts.); and manufacture of prefabricated structural components for
building or civil engineering of cement, concrete or artificial stone.
Industry
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Industry |
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ANZSIC 2006: |
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ISIC Rev 4: |
2395 -
Manufacture of articles of concrete, cement and plaster |
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NACE Rev 2: |
2361 -
Manufacture of concrete products for construction purposes |
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NAICS 2012: |
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UK SIC 2007: |
2361 -
Manufacture of concrete products for construction purposes |
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US SIC 1987: |
Registered No.(Other): HRA61541
Parent Registered No.(UK): DEU
1 - Profit & Loss Item Exchange Rate: USD 1 = EUR 0.7782366
2 - Balance Sheet Item Exchange Rate:
USD 1 = EUR 0.7566
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ANZSIC 2006 Codes: |
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2034 |
- |
Concrete Product Manufacturing |
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2449 |
- |
Other Domestic Appliance Manufacturing |
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1340 |
- |
Knitted Product Manufacturing |
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2291 |
- |
Spring and Wire Product Manufacturing |
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2090 |
- |
Other Non-Metallic Mineral Product Manufacturing |
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ISIC Rev 4 Codes: |
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2395 |
- |
Manufacture of articles of concrete, cement and plaster |
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2599 |
- |
Manufacture of other fabricated metal products n.e.c. |
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1399 |
- |
Manufacture of other textiles n.e.c. |
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2512 |
- |
Manufacture of tanks, reservoirs and containers of metal |
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NACE Rev 2 Codes: |
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2361 |
- |
Manufacture of concrete products for construction purposes |
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2593 |
- |
Manufacture of wire products, chain and springs |
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2521 |
- |
Manufacture of central heating radiators and boilers |
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2362 |
- |
Manufacture of plaster products for construction purposes |
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1399 |
- |
Manufacture of other textiles n.e.c. |
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NAICS 2012 Codes: |
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32733 |
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Concrete Pipe, Brick, and Block Manufacturing |
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332618 |
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Other Fabricated Wire Product Manufacturing |
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327420 |
- |
Gypsum Product Manufacturing |
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332410 |
- |
Power Boiler and Heat Exchanger Manufacturing |
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313240 |
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Knit Fabric Mills |
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US SIC 1987: |
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3272 |
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Concrete Products, Except Block and Brick |
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3496 |
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Miscellaneous Fabricated Wire Products |
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3433 |
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Heating Equipment, Except Electric and Warm Air Furnaces |
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2258 |
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Lace and Warp Knit Fabric Mills |
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3299 |
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Nonmetallic Mineral Products, Not Elsewhere Classified |
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UK SIC 2007: |
||
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2361 |
- |
Manufacture of concrete products for construction purposes |
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2521 |
- |
Manufacture of central heating radiators and boilers |
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2593 |
- |
Manufacture of wire products, chain and springs |
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2362 |
- |
Manufacture of plaster products for construction purposes |
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1399 |
- |
Manufacture of other textiles n.e.c. |
Reinhold Noor International GmbH & Co KG is primarily engaged in manufacture of precast concrete, cement or artificial stone articles for use in construction (tiles, flagstones, bricks, boards, sheets, panels, pipes, posts, etc.); and manufacture of prefabricated structural components for building or civil engineering of cement, concrete or artificial stone.
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Bank: |
Commerzbank, Sparkasse Starkenburg, Commerzbank vormals
Dresdner Bank |
Annual
Profit & Loss
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31-Dec-2012 |
31-Dec-2011 |
31-Dec-2010 |
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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) |
0.778237 |
0.71919 |
0.755078 |
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Consolidated |
No |
No |
No |
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Provisions |
0.3 |
0.3 |
0.4 |
Annual
Balance Sheet
Financials in: USD (mil)
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|
31-Dec-2012 |
31-Dec-2011 |
31-Dec-2010 |
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Filed Currency |
EUR |
EUR |
EUR |
|
Exchange Rate |
0.7566 |
0.770327 |
0.745406 |
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Consolidated |
No |
No |
No |
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Total reserves |
0.8 |
0.7 |
0.9 |
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Profits for the year |
0.2 |
0.2 |
0.2 |
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Total stockholders equity |
1.3 |
1.1 |
1.2 |
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Provisions and allowances |
0.3 |
0.3 |
0.4 |
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Total long-term liabilities |
0.2 |
- |
- |
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Total current liabilities |
2.0 |
2.1 |
1.6 |
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Total liabilities (including net worth) |
3.7 |
3.5 |
3.2 |
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Intangibles |
0.0 |
0.0 |
0.0 |
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Total tangible fixed assets |
0.2 |
0.2 |
0.2 |
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Total non-current assets |
0.2 |
0.3 |
0.2 |
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Net stocks and work in progress |
1.7 |
1.5 |
1.1 |
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Total receivables |
1.1 |
1.1 |
1.1 |
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Cash and liquid assets |
0.1 |
0.1 |
0.0 |
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Total current assets |
2.9 |
2.6 |
2.3 |
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Prepaid expenses and deferred costs |
0.6 |
0.6 |
0.7 |
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Total assets |
3.7 |
3.5 |
3.2 |
Annual
Ratios
Financials in: USD (mil)
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|
31-Dec-2012 |
31-Dec-2011 |
31-Dec-2010 |
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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 |
0.7566 |
0.770327 |
0.745406 |
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Consolidated |
No |
No |
No |
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Current ratio |
14.65 |
12.56 |
14.39 |
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Acid test ratio |
6.03 |
5.49 |
7.42 |
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Total liabilities to net worth |
0.17% |
0.18% |
0.13% |
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Net worth to total assets |
0.03% |
0.03% |
0.04% |
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Current liabilities to net worth |
0.16% |
0.18% |
0.13% |
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Current liabilities to stock |
0.12% |
0.14% |
0.14% |
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Fixed assets to net worth |
0.02% |
0.02% |
0.02% |
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Net worth |
1.3 |
1.1 |
1.2 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.82 |
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|
1 |
Rs.96.57 |
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Euro |
1 |
Rs.82.45 |
INFORMATION DETAILS
|
Report Prepared
by : |
SDA |
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.