MIRA INFORM
REPORT
|
Report Date : |
05.09.2013 |
IDENTIFICATION DETAILS
|
Name : |
INEOS VINYLS SALES GMBH |
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Registered Office : |
Inhausersieler
Strasse 25, Wilhelmshaven, 26388 |
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Country : |
Germany |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
15.06.2005 |
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Com. Reg. No.: |
HRB131775 |
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Legal Form : |
Private
Subsidiary Company |
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Line of Business : |
·
wholesaler
of industrial chemicals (aniline, printing ink, essential oils, industrial
gases, chemical glues, colouring matter, synthetic resin, methanol, paraffin,
scents and flavourings, soda, industrial salt, acids and sulphur, starch
derivatives) ·
wholesaler
of fertilisers and agro-chemical products ·
wholesaler
of plastic materials in primary forms ·
wholesaler
of rubber |
|
|
|
|
No. of Employees : |
31 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
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|
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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) |
|
Germany |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
|
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
|
|
Company
name & address
INEOS Vinyls Sales GmbH
Inhausersieler
Strasse 25
Wilhelmshaven,
26388
Germany
Tel: +49 (0) 4425 9801
Fax: +49 (0) 4425 982217
Synthesis
Employees: 31
Company Type: Private
Subsidiary
Corporate Family: 111 Companies
Ultimate Parent: INEOS
AG
Incorporation
Date: 15-Jun-2005
Financials in: USD (Millions)
Fiscal Year End: 31-Dec-2011
Reporting
Currency: Euro
Annual Sales: 707.0
Total Assets: 24.6
Business
Description
INEOS Vinyls
Sales GmbH is primarily engaged in wholesale of industrial chemicals (aniline,
printing ink, essential oils, industrial gases, chemical glues, colouring
matter, synthetic resin, methanol, paraffin, scents and flavourings, soda,
industrial salt, acids and sulphur, starch derivatives.); wholesale of
fertilisers and agro-chemical products; wholesale of plastic materials in
primary forms; and wholesale of rubber.
Industry
Industry
Chemical Wholesale
ANZSIC 2006: 3323 - Industrial and Agricultural Chemical
Product Wholesaling
ISIC Rev 4: 4669 - Wholesale of waste and scrap and
other products n.e.c.
NACE Rev 2: 4675 - Wholesale of chemical products
NAICS 2012: 4246 - Chemical and Allied Products
Merchant Wholesalers
UK SIC 2007: 4675 - Wholesale of chemical products
US SIC 1987: 5169 - Chemicals and Allied Products, Not
Elsewhere Classified
Key
Executives
Name Title
Gerold Jelschen Managing director
1 - Profit &
Loss Item Exchange Rate: USD 1 = EUR 0.7191895
2 - Balance Sheet
Item Exchange Rate: USD 1 = EUR 0.770327
Corporate
Overview
Location
Inhausersieler
Strasse 25
Wilhelmshaven,
26388
Germany
Tel: +49 (0) 4425 9801
Fax: +49 (0) 4425 982217
Sales EUR(mil): 508.4
Assets EUR(mil): 18.9
Employees: 31
Fiscal Year End: 31-Dec-2011
Industry: Chemical
Manufacturing
Incorporation
Date: 15-Jun-2005
Company Type: Private
Subsidiary
Quoted Status: Not
Quoted
Registered No.(): HRB131775
Parent Registered
No.(UK): DEU
Managing
director: Gerold Jelschen
Industry Codes
ANZSIC 2006
Codes:
3323 - Industrial
and Agricultural Chemical Product Wholesaling
ISIC Rev 4 Codes:
4669 - Wholesale
of waste and scrap and other products n.e.c.
NACE Rev 2 Codes:
4675 - Wholesale
of chemical products
NAICS 2012 Codes:
4246 - Chemical
and Allied Products Merchant Wholesalers
US SIC 1987:
5169 - Chemicals
and Allied Products, Not Elsewhere Classified
UK SIC 2007:
4675 - Wholesale
of chemical products
Business Description
INEOS Vinyls
Sales GmbH is primarily engaged in wholesale of industrial chemicals (aniline,
printing ink, essential oils, industrial gases, chemical glues,
colouring matter, synthetic resin, methanol, paraffin, scents and flavourings, soda, industrial salt, acids and
sulphur, starch derivatives, etc.); wholesale of fertilisers and agro-chemical
products; wholesale of plastic materials in primary forms; and wholesale of
rubber.
More Business Descriptions
All Other Chemical
Product and Preparation Manufacturing
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Corporate Family |
Corporate
Structure News: |
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|
INEOS
AG |
|
INEOS Vinyls Sales GmbH |
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|
|
|
|
Company Name |
Company
Type |
Location |
Country |
Industry |
Sales |
Employees |
|
Parent |
Rolle |
Switzerland |
Petroleum Product Manufacturing |
41,717.7 |
15,500 |
|
|
Subsidiary |
Lyndhurst |
United Kingdom |
Pharmaceutical Manufacturing |
|
15,000 |
|
|
Subsidiary |
Lyndhurst |
United Kingdom |
Basic Chemical Manufacturing |
37,660.0 |
14,811 |
|
|
Joint Venture |
Frankfurt am Main |
Germany |
Holding Companies |
2,569.9 |
3,400 |
|
|
Subsidiary |
Vadodara |
India |
Basic Chemical Manufacturing |
187.3 |
84,230 |
|
|
Subsidiary |
Koln, Nordrhein-Westfalen |
Germany |
Synthetic Chemical Manufacturing |
551.1 |
1,700 |
|
|
Subsidiary |
Fribourg |
Switzerland |
Rubber and Plastic Product Manufacturing |
|
1,250 |
|
|
Subsidiary |
Trelleborg |
Sweden |
Synthetic Chemical Manufacturing |
8.6 |
46 |
|
|
Subsidiary |
Singapore |
Singapore |
Chemical Wholesale |
679.4 |
30 |
|
|
Subsidiary |
Ulsan |
Korea, Republic of |
Synthetic Chemical Manufacturing |
946.4 |
|
|
|
Subsidiary |
Manchester |
United Kingdom |
Miscellaneous Professional Services |
|
|
|
|
Subsidiary |
Ludwigshafen |
Germany |
Rubber and Plastic Product Manufacturing |
|
|
|
|
Subsidiary |
Mumbai |
India |
Rubber and Plastic Product Manufacturing |
|
|
|
|
Subsidiary |
Rayong |
Thailand |
Synthetic Chemical Manufacturing |
|
|
|
|
Division |
Runcorn |
United Kingdom |
Holding Companies |
|
2,440 |
|
|
Subsidiary |
Runcorn |
United Kingdom |
Investment Services |
0.0 |
|
|
|
Subsidiary |
Runcorn |
United Kingdom |
Nonclassifiable Establishments |
|
|
|
|
Subsidiary |
Runcorn |
United Kingdom |
Holding Companies |
|
|
|
|
Subsidiary |
Runcorn |
United Kingdom |
Basic Chemical Manufacturing |
944.1 |
936 |
|
|
Subsidiary |
Wilhelmshaven, Niedersachsen |
Germany |
Miscellaneous Chemical Manufacturing |
70.5 |
150 |
|
|
Subsidiary |
Verdun |
France |
Basic Chemical Manufacturing |
17.3 |
115 |
|
|
Subsidiary |
Barcelona, Barcelona |
Spain |
Chemical Wholesale |
3.8 |
10 |
|
|
Subsidiary |
Barcelona |
Spain |
Chemical Wholesale |
3.5 |
8 |
|
|
Subsidiary |
Runcorn |
United Kingdom |
Chemical Wholesale |
0.0 |
|
|
|
Subsidiary |
Clitheroe |
United Kingdom |
Electricity Generation and Distribution |
|
|
|
|
Subsidiary |
Runcorn |
United Kingdom |
Pensions and Funds |
|
|
|
|
Division |
Runcorn |
United Kingdom |
Basic Chemical Manufacturing |
|
|
|
|
Facility |
Stathelle |
Norway |
Rubber and Plastic Product Manufacturing |
|
350 |
|
|
Subsidiary |
Lyndhurst |
United Kingdom |
Miscellaneous Chemical Manufacturing |
17.7 |
21 |
|
|
Subsidiary |
Lyndhurst |
United Kingdom |
Miscellaneous Chemical Manufacturing |
|
|
|
|
Subsidiary |
Frodsham |
United Kingdom |
Synthetic Chemical Manufacturing |
1.0 |
55 |
|
|
Subsidiary |
Koln, Nordrhein-Westfalen |
Germany |
Chemical Wholesale |
3,017.3 |
2,000 |
|
|
Division |
Lyndhurst |
United Kingdom |
Rubber and Plastic Product Manufacturing |
|
1,800 |
|
|
Subsidiary |
Ferrara |
Italy |
Synthetic Chemical Manufacturing |
116.4 |
163 |
|
|
Subsidiary |
Helsingborg |
Sweden |
Synthetic Chemical Manufacturing |
32.1 |
60 |
|
|
Subsidiary |
Sins |
Switzerland |
Synthetic Chemical Manufacturing |
|
40 |
|
|
Subsidiary |
Chalons-en-Champagne |
France |
Synthetic Chemical Manufacturing |
|
|
|
|
Subsidiary |
Channahon, IL |
United States |
Rubber and Plastic Product Manufacturing |
3,100.0 |
1,170 |
|
|
Branch |
Pasadena, TX |
United States |
Rubber and Plastic Product Manufacturing |
125.5 |
112 |
|
|
Subsidiary |
Indian Orchard, MA |
United States |
Synthetic Chemical Manufacturing |
18.9 |
70 |
|
|
Branch |
Texas City, TX |
United States |
Rubber and Plastic Product Manufacturing |
5.4 |
11 |
|
|
Branch |
Decatur, AL |
United States |
Rubber and Plastic Product Manufacturing |
3.4 |
11 |
|
|
Branch |
Aurora, IL |
United States |
Rubber and Plastic Product Manufacturing |
2.3 |
8 |
|
|
Branch |
Clover, SC |
United States |
Nonclassifiable Establishments |
|
3 |
|
|
Subsidiary |
Wyandotte, MI |
United States |
Rubber and Plastic Product Manufacturing |
|
|
|
|
Subsidiary |
Lavera |
France |
Rubber and Plastic Product Manufacturing |
522.6 |
629 |
|
|
Subsidiary |
Wilhelmshaven, Niedersachsen |
Germany |
Rubber and Plastic Product Manufacturing |
172.2 |
420 |
|
|
Subsidiary |
Mumbai |
India |
Paper Product Manufacturing |
41.1 |
357 |
|
|
Subsidiary |
Wilhelmshaven, Niedersachsen |
Germany |
Chemical Wholesale |
707.0 |
35 |
|
|
Subsidiary |
League City, TX |
United States |
Miscellaneous Chemical Manufacturing |
706.3 |
370 |
|
|
Facility |
Port Lavaca, TX |
United States |
Miscellaneous Chemical Manufacturing |
5.0 |
200 |
|
|
Facility |
Lima, OH |
United States |
Miscellaneous Chemical Manufacturing |
|
150 |
|
|
Subsidiary |
La Porte, TX |
United States |
Miscellaneous Chemical Manufacturing |
531.4 |
350 |
|
|
Subsidiary |
Stathelle |
Norway |
Synthetic Chemical Manufacturing |
730.8 |
337 |
|
|
Subsidiary |
Lima, OH |
United States |
Miscellaneous Chemical Manufacturing |
267.0 |
300 |
|
|
Subsidiary |
League City, TX |
United States |
Basic Chemical Manufacturing |
|
300 |
|
|
Subsidiary |
Gladbeck, Nordrhein-Westfalen |
Germany |
Basic Chemical Manufacturing |
159.4 |
270 |
|
|
Subsidiary |
Addyston, OH |
United States |
Rubber and Plastic Product Manufacturing |
77.2 |
266 |
|
|
Subsidiary |
Feluy |
Belgium |
Basic Chemical Manufacturing |
97.0 |
210 |
|
|
Subsidiary |
Beveren-Waas |
Belgium |
Miscellaneous Chemical Manufacturing |
250.7 |
208 |
|
|
Subsidiary |
Theodore, AL |
United States |
Miscellaneous Chemical Manufacturing |
142.3 |
150 |
|
|
Subsidiary |
Lyndhurst |
United Kingdom |
Miscellaneous Professional Services |
83.5 |
141 |
|
|
Subsidiary |
Lyndhurst |
United Kingdom |
Miscellaneous Professional Services |
0.5 |
|
|
|
Subsidiary |
Stathelle |
Norway |
Synthetic Chemical Manufacturing |
634.7 |
135 |
|
|
Subsidiary |
Frankfurt Am Main, Hessen |
Germany |
Rubber and Plastic Product Manufacturing |
110.4 |
120 |
|
|
Subsidiary |
Plaquemine, LA |
United States |
Miscellaneous Chemical Manufacturing |
231.1 |
73 |
|
|
Subsidiary |
Martigues |
France |
Chemical Wholesale |
1,025.9 |
14 |
|
|
Subsidiary |
Lavera |
France |
Chemical Wholesale |
3.3 |
1 |
|
|
Subsidiary |
Cary, IL |
United States |
Miscellaneous Chemical Manufacturing |
5.3 |
6 |
|
|
Subsidiary |
Zwijndrecht |
Belgium |
Chemical Wholesale |
21.8 |
4 |
|
|
Subsidiary |
KOln, Nordrhein-Westfalen |
Germany |
Chemical Wholesale |
928.0 |
2 |
|
|
Subsidiary |
Lyndhurst |
United Kingdom |
Synthetic Chemical Manufacturing |
|
|
|
|
UK Branch/Trading address |
Lyndhurst |
United Kingdom |
Chemical Wholesale |
|
54 |
|
|
Subsidiary |
Runcorn |
United Kingdom |
Pensions and Funds |
|
|
|
|
Subsidiary |
Lyndhurst |
United Kingdom |
Miscellaneous Professional Services |
|
|
|
|
Subsidiary |
Runcorn |
United Kingdom |
Holding Companies |
|
|
|
|
Subsidiary |
Runcorn |
United Kingdom |
Miscellaneous Professional Services |
|
|
|
|
Subsidiary |
Runcorn |
United Kingdom |
Miscellaneous Professional Services |
|
|
|
|
Subsidiary |
Runcorn |
United Kingdom |
Miscellaneous Professional Services |
|
|
|
|
Subsidiary |
Lyndhurst |
United Kingdom |
Miscellaneous Personal Services |
|
|
|
|
Subsidiary |
Runcorn |
United Kingdom |
Holding Companies |
|
|
|
|
Subsidiary |
Runcorn |
United Kingdom |
Basic Chemical Manufacturing |
347.2 |
444 |
|
|
Subsidiary |
Runcorn |
United Kingdom |
Holding Companies |
|
|
|
|
Subsidiary |
Runcorn |
United Kingdom |
Holding Companies |
|
|
|
|
Subsidiary |
Lyndhurst |
United Kingdom |
Miscellaneous Professional Services |
|
|
|
|
Subsidiary |
Lyndhurst |
United Kingdom |
Miscellaneous Manufacturing |
306.7 |
638 |
|
|
Subsidiary |
Grangemouth |
United Kingdom |
Miscellaneous Manufacturing |
466.7 |
595 |
|
|
Subsidiary |
Middlesbrough |
United Kingdom |
Basic Chemical Manufacturing |
|
375 |
|
|
Subsidiary |
Middlesbrough |
United Kingdom |
Miscellaneous Chemical Manufacturing |
555.2 |
206 |
|
|
Subsidiary |
Lyndhurst |
United Kingdom |
Miscellaneous Professional Services |
6,365.3 |
194 |
|
|
Subsidiary |
Rosignano Marittimo, Livorno |
Italy |
Synthetic Chemical Manufacturing |
43.0 |
194 |
|
|
Subsidiary |
Runcorn |
United Kingdom |
Miscellaneous Chemical Manufacturing |
72.8 |
42 |
|
|
Subsidiary |
Rosignano Marittimo, Livorno |
Italy |
Machinery Wholesale |
409.2 |
8 |
|
|
Subsidiary |
Lyndhurst |
United Kingdom |
Miscellaneous Professional Services |
0.0 |
|
|
|
Subsidiary |
Runcorn |
United Kingdom |
Miscellaneous Professional Services |
0.0 |
|
|
|
Subsidiary |
Lyndhurst |
United Kingdom |
Holding Companies |
|
|
|
|
Subsidiary |
Lyndhurst |
United Kingdom |
Life and Health Insurance |
|
|
|
|
Subsidiary |
Lyndhurst |
United Kingdom |
Architecture and Engineering |
|
|
|
|
Subsidiary |
Lyndhurst |
United Kingdom |
Holding Companies |
|
|
|
|
Subsidiary |
Lyndhurst |
United Kingdom |
Pensions and Funds |
|
|
|
|
Subsidiary |
Lyndhurst |
United Kingdom |
Petroleum Product Manufacturing |
|
|
|
|
Subsidiary |
|
|
Synthetic Chemical Manufacturing |
|
|
|
|
Subsidiary |
Runcorn |
United Kingdom |
Holding Companies |
|
|
|
|
Subsidiary |
Newton Aycliffe |
United Kingdom |
Rubber and Plastic Product Manufacturing |
369.3 |
289 |
|
|
Subsidiary |
Newton Aycliffe |
United Kingdom |
Miscellaneous Manufacturing |
|
|
|
|
Subsidiary |
Runcorn |
United Kingdom |
Synthetic Chemical Manufacturing |
|
|
|
|
INEOS Films & Compounds |
Subsidiary |
|
|
|
|
|
|
Subsidiary |
New Castle, DE |
United States |
Miscellaneous Manufacturing |
26.9 |
65 |
|
|
Subsidiary |
Mourmelon Le Grand |
France |
Rubber and Plastic Product Manufacturing |
0.9 |
34 |
|
|
Subsidiary |
Lyndhurst |
United Kingdom |
Miscellaneous Professional Services |
90.4 |
79 |
|
|
Subsidiary |
Stenungsund |
Sweden |
Chemical Wholesale |
63.6 |
4 |
Executive report
|
Executives |
|
|
|
|
||||
|
Managing director |
Managing Director |
|
Annual
Profit & Loss
|
|
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
|
Period Length |
12 Months |
12 Months |
12 Months |
|
Filed Currency |
EUR |
EUR |
EUR |
|
Exchange Rate
(Period Average) |
0.71919 |
0.755078 |
0.719047 |
|
Consolidated |
No |
No |
No |
|
|
|
|
|
|
Total income |
707.0 |
608.7 |
462.8 |
|
Raw materials and services |
666.1 |
576.5 |
433.7 |
|
Net sales |
707.0 |
608.7 |
462.8 |
|
Other operating income |
5.3 |
6.3 |
5.1 |
|
Raw materials and consumables employed |
666.1 |
576.5 |
433.7 |
|
Cost of goods sold |
666.1 |
576.5 |
433.7 |
|
Cost of raw materials |
666.1 |
576.5 |
433.7 |
|
Taxes and social security costs |
0.9 |
0.5 |
0.4 |
|
Total payroll costs |
3.9 |
2.7 |
2.4 |
|
Other operating costs |
41.2 |
34.4 |
31.0 |
|
Net operating income |
1.1 |
1.3 |
0.8 |
|
Other income |
0.5 |
1.3 |
0.1 |
|
Interest payable on loans |
0.1 |
0.1 |
0.0 |
|
Total expenses |
-0.4 |
-1.2 |
0.0 |
|
Profit before tax |
1.5 |
2.5 |
0.8 |
|
Provisions |
8.5 |
5.9 |
6.7 |
|
Extraordinary expenses |
- |
0.4 |
- |
|
Extraordinary result |
- |
-0.4 |
- |
|
Total taxation |
- |
0.0 |
- |
|
Profit distributed to shareholders |
-1.5 |
-2.1 |
-0.8 |
Annual
Balance Sheet
Financials in: USD (mil)
|
|
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
|
Filed Currency |
EUR |
EUR |
EUR |
|
Exchange Rate |
0.770327 |
0.745406 |
0.696986 |
|
Consolidated |
No |
No |
No |
|
|
|
|
|
|
Issued capital |
0.0 |
0.0 |
0.0 |
|
Capital reserves |
0.7 |
0.8 |
0.8 |
|
Total stockholders equity |
0.8 |
0.8 |
0.9 |
|
Other provisions |
6.7 |
5.1 |
6.5 |
|
Provision for pensions |
1.2 |
0.9 |
0.5 |
|
Provisions and allowances |
7.9 |
5.9 |
6.9 |
|
Total long-term liabilities |
- |
0.0 |
0.0 |
|
Trade creditors |
3.8 |
3.0 |
1.7 |
|
Taxation and social security |
0.5 |
3.9 |
0.9 |
|
Due to group companies |
11.6 |
21.8 |
85.3 |
|
Total current liabilities |
15.9 |
28.7 |
88.0 |
|
Total liabilities (including net worth) |
24.6 |
35.5 |
95.8 |
|
Participating interest |
0.0 |
0.0 |
0.0 |
|
Total financial assets |
0.0 |
0.0 |
0.0 |
|
Total non-current assets |
0.0 |
0.0 |
0.0 |
|
Finished goods |
0.2 |
0.3 |
0.3 |
|
Net stocks and work in progress |
0.2 |
0.3 |
0.3 |
|
Trade debtors |
2.5 |
2.2 |
2.7 |
|
Other receivables |
11.3 |
19.8 |
46.1 |
|
Total receivables |
23.9 |
34.2 |
90.8 |
|
Owing from associated companies |
10.1 |
12.3 |
42.0 |
|
Cash and liquid assets |
0.6 |
0.9 |
4.6 |
|
Total current assets |
24.6 |
35.4 |
95.8 |
|
Total assets |
24.6 |
35.5 |
95.8 |
Annual
Ratios
Financials in: USD (mil)
|
|
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
|
Period Length |
12 Months |
12 Months |
12 Months |
|
Filed Currency |
EUR |
EUR |
EUR |
|
Exchange Rate |
0.770327 |
0.745406 |
0.696986 |
|
Consolidated |
No |
No |
No |
|
|
|
|
|
|
Current ratio |
15.48 |
12.35 |
10.88 |
|
Acid test ratio |
15.38 |
12.26 |
10.85 |
|
Total liabilities to net worth |
2.04% |
3.57% |
10.22% |
|
Net worth to total assets |
0.00% |
0.00% |
0.00% |
|
Current liabilities to net worth |
2.04% |
3.57% |
10.22% |
|
Current liabilities to stock |
10.37% |
11.40% |
26.92% |
|
Fixed assets to net worth |
0.00% |
0.00% |
0.00% |
|
Collection period |
15.00 |
11.00 |
22.00 |
|
Stock turnover rate |
- |
- |
0.01 |
|
Profit margin |
0.00% |
0.00% |
0.00% |
|
Return on assets |
0.01% |
0.01% |
0.00% |
|
Shareholders' return |
0.18% |
0.27% |
0.10% |
|
Sales per employee |
1,640.13 |
1,584.82 |
1,188.60 |
|
Profit per employee |
3.50 |
6.47 |
2.17 |
|
Average wage per employee |
9.13 |
7.16 |
6.18 |
|
Net worth |
0.8 |
0.8 |
0.9 |
|
Number of employees |
31 |
29 |
28 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.67.03 |
|
UK Pound |
1 |
Rs.104.32 |
|
Euro |
1 |
Rs.88.24 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.