MIRA INFORM REPORT
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Report Date : |
02.04.2014 |
IDENTIFICATION DETAILS
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Name : |
BEDA- OXYGENTECHNIK ARMATUREN-GESELLSCHAFT MIT BESCHRANKTER HAFTUNG |
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Registered Office : |
An der Pönt 59, Ratingen, 40885 |
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Country : |
Germany |
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Financials (as on) : |
31.12.2012 |
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Date of Incorporation : |
28.05.1975 |
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Com. Reg. No.: |
HRB43038 |
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Legal Form : |
Private
Independent |
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Line of Business : |
Subject is engaged in manufacture of machines and equipment for
handling hot metals (converters, ingot moulds, ladles, casting machines); and
manufacture of metal-rolling mills and rolls for such mills. |
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No of Employees : |
50 |
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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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 – december 01, 2013
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Country Name |
Previous Rating (30.09.2013) |
Current Rating (01.12.2013) |
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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, has contributed to strong growth 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 5.3% in 2013. The new German government introduced a minimum wage of $11 per hour to take effect in 2015. 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 and 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. 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
DETAILS
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BEDA- Oxygentechnik Armaturen-Gesellschaft mit beschränkter Haftung |
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Business
Description
BEDA- Oxygentechnik Armaturen-Gesellschaft mit beschränkter Haftung is primarily engaged in manufacture of machines and equipment for handling hot metals (converters, ingot moulds, ladles, casting machines); and manufacture of metal-rolling mills and rolls for such mills.
Industry
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Industry |
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ANZSIC 2006: |
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ISIC Rev 4: |
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NACE Rev 2: |
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NAICS 2012: |
333519
- Rolling Mill and Other Metalworking Machinery Manufacturing |
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UK SIC 2007: |
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US SIC 1987: |
Key
Executives
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Name |
Title |
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Volker Hornung |
Managing director |
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Jan Matthias |
Managing director |
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Hilmar Orth |
Managing director |
Registered
No.(Other):
HRB43038
Parent Registered
No.(UK):
DEU
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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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2463 |
- |
Machine Tool and Parts Manufacturing |
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2439 |
- |
Other Electrical Equipment Manufacturing |
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2110 |
- |
Iron Smelting and Steel Manufacturing |
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2462 |
- |
Mining and Construction Machinery
Manufacturing |
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ISIC Rev 4 Codes: |
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2823 |
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Manufacture of machinery for metallurgy |
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2790 |
- |
Manufacture of other electrical equipment |
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2816 |
- |
Manufacture of lifting and handling
equipment |
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2410 |
- |
Manufacture of basic iron and steel |
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NACE Rev 2 Codes: |
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2891 |
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Manufacture of machinery for metallurgy |
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2790 |
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Manufacture of other electrical equipment |
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2822 |
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Manufacture of lifting and handling
equipment |
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2410 |
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Manufacture of basic iron and steel and of
ferro-alloys |
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NAICS 2012 Codes: |
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333519 |
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Rolling Mill and Other Metalworking Machinery
Manufacturing |
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335999 |
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All Other Miscellaneous Electrical
Equipment and Component Manufacturing |
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331110 |
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Iron and Steel Mills and Ferroalloy
Manufacturing |
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33392 |
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Material Handling Equipment Manufacturing |
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US SIC 1987: |
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3547 |
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Rolling Mill Machinery and Equipment |
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3312 |
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Steel Works, Blast Furnaces (Including
Coke Ovens), and Rolling Mills |
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353 |
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Construction, Mining, and Materials
Handling |
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3699 |
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Electrical Machinery, Equipment, and
Supplies, Not Elsewhere Classified |
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UK SIC 2007: |
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2891 |
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Manufacture of machinery for metallurgy |
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2790 |
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Manufacture of other electrical equipment |
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2410 |
- |
Manufacture of basic iron and steel and of
ferro-alloys |
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2822 |
- |
Manufacture of lifting and handling
equipment |
BEDA- Oxygentechnik Armaturen-Gesellschaft mit beschränkter Haftung is primarily engaged in manufacture of machines and equipment for handling hot metals (converters, ingot moulds, ladles, casting machines); and manufacture of metal-rolling mills and rolls for such mills.
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Bank: |
Deutsche Bank |
Executives
Report
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Executives |
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Managing director |
Managing Director |
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Managing director |
Managing Director |
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Managing director |
Managing Director |
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 |
2.3 |
3.4 |
2.6 |
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 |
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Exchange Rate |
0.7566 |
0.770327 |
0.745406 |
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Consolidated |
No |
No |
No |
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Issued capital |
0.1 |
0.1 |
0.1 |
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Profits for the year |
3.3 |
2.3 |
2.0 |
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Total
stockholders equity |
3.4 |
2.4 |
2.1 |
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Provisions and allowances |
2.3 |
3.2 |
2.7 |
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Total current
liabilities |
0.5 |
0.6 |
0.9 |
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Total
liabilities (including net worth) |
6.2 |
6.2 |
5.7 |
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Intangibles |
0.1 |
0.1 |
0.1 |
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Total tangible
fixed assets |
0.7 |
0.7 |
0.5 |
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Total financial
assets |
0.0 |
0.0 |
0.0 |
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Total
non-current assets |
0.7 |
0.8 |
0.7 |
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Net stocks and work in progress |
2.5 |
2.4 |
1.7 |
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Total
receivables |
1.8 |
2.2 |
2.1 |
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Cash and liquid assets |
1.1 |
0.8 |
1.2 |
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Total current
assets |
5.4 |
5.4 |
5.0 |
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Prepaid expenses and deferred costs |
0.0 |
0.0 |
0.0 |
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Total assets |
6.2 |
6.2 |
5.7 |
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 |
111.82 |
83.83 |
53.44 |
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Acid test ratio |
60.28 |
46.52 |
35.80 |
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Total liabilities to net worth |
0.01% |
0.03% |
0.04% |
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Net worth to total assets |
0.05% |
0.04% |
0.04% |
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Current liabilities to net worth |
0.01% |
0.03% |
0.04% |
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Current liabilities to stock |
0.02% |
0.03% |
0.06% |
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Fixed assets to net worth |
0.02% |
0.03% |
0.03% |
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Net worth |
3.4 |
2.4 |
2.1 |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs. 60.09 |
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|
1 |
Rs. 99.84 |
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Euro |
1 |
Rs. 82.57 |
INFORMATION DETAILS
|
Report Prepared
by : |
DPT |
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 |
-- |
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.