MIRA
INFORM REPORT
|
Report Date : |
17.09.2014 |
IDENTIFICATION DETAILS
|
Name : |
ALTDORFER MÜHLE GMBH |
|
|
|
|
Registered Office : |
Altdorfer Mühle
71155 |
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|
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Country : |
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|
|
|
Financials (as on) : |
31.12.2012 |
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Date of Incorporation : |
03.04.1993 |
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|
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Com. Reg. No.: |
HRB 243344 |
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|
|
Legal Form : |
Private limited company |
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|
|
|
Line of Business : |
Manufacture of grain mill products |
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|
No. of Employees |
10-19 (2011) |
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 – June 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
Belgium |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
BELGIUM ECONOMIC OVERVIEW
This modern, open, and
private-enterprise-based economy has capitalized on its central geographic location,
highly developed transport network, and diversified industrial and commercial
base. Industry is concentrated mainly in the more heavily-populated region of
Flanders in the north. With few natural resources, Belgium imports substantial
quantities of raw materials and exports a large volume of manufactures, making
its economy vulnerable to volatility in world markets. Roughly three-quarters
of Belgium's trade is with other EU countries, and Belgium has benefited most
from its proximity to Germany. In 2013 Belgian GDP grew by 0.1%, the
unemployment rate increased to 8.8% from 7.6% the previous year, and the
government reduced the budget deficit from a peak of 6% of GDP in 2009 to 3.2%.
Despite the relative improvement in Belgium's budget deficit, public debt
hovers around 100% of GDP, a factor that has contributed to investor
perceptions that the country is increasingly vulnerable to spillover from the
euro-zone crisis. Belgian banks were severely affected by the international
financial crisis in 2008 with three major banks receiving capital injections
from the government, and the nationalization of the Belgian retail arm of a
Franco-Belgian bank.
|
Source
: CIA |
Company name and address
ALTDORFER MÜHLE GMBH
|
Registered Address |
Altdorfer Mühle 71155 Altdorf |
|
Telephone Number Fax number Website Email Address |
(07031) 742440 (07031) 7424419 http://www.altdorfer-muehle.com/ info@altdorfer-muehle.com |
|
VAT Number |
DE156729971 |
|
Company Number Register City Date of Registration |
HRB 243344 70049 Stuttgart 03.04.1993 |
|
Industry Code (WZ 2008) Description |
10.61.0 Manufacture of grain mill products |
|
Legal Form |
Private limited company |
|
Share Capital |
25.564 € |
|
Revenue |
|
|
2011 |
2 million - 5 million |
|
2010 |
2 million - 5 million |
|
2009 |
2 million - 5 million |
|
Employees |
|
|
2011 |
10-19 |
|
2010 |
10-19 |
|
2009 |
10-19 |
Commentary
|
The company saw an increase in Working Capital of 27,51% with the latest financials. |
|
Key Financials
|
Year to date |
Equity |
Working Capital |
Pre Tax Profit |
|
31.12.2012 |
1.439.577 € |
802.630 € |
- |
|
31.12.2011 |
1.323.947 € |
629.467 € |
- |
|
31.12.2010 |
1.133.143 € |
778.376 € |
- |
Latest
Events
|
04.10.2013 |
New accounts filed |
|
04.10.2013 |
Credit limit |
|
04.10.2013 |
Rating |
Bankers Details
|
Name of Bank |
Bankcode |
BIC |
ZIP |
City |
|
Vereinigte Volksbank |
60390000 |
GENODES1BBV |
71032 |
Böblingen |
|
Kreissparkasse Böblingen |
60350130 |
BBKRDE6BXXX |
71005 |
Böblingen |
Business Purpose
|
Gegenstand des Unternehmens sind der Betrieb einer Mühle und der Handel mit mühlenspezifischen Produkten. |
Additional Industry Codes
|
Industry Code (WZ 2008) |
Description |
|
10.61.0 |
Manufacture of grain mill products |
Addresses
Altdorfer Mühle 71155 Altdorf
Additional Telephone
Numbers
|
(07031) 742440 |
Fax Numbers
|
(07031) 7424419 |
Web Addresses
Emails
|
info@altdorfer-muehle.com |
Financials
|
Financial Year |
31.12.2012 |
[%] |
31.12.2011 |
[%] |
31.12.2010 |
|
Number of Weeks |
52 |
- |
52 |
- |
52 |
|
Currency |
EUR |
|
EUR |
|
EUR |
|
Consolidated Accounts |
No |
|
No |
|
No |
|
Financial Accounting Type |
HGB |
|
HGB |
|
HGB |
Assets
|
A. Assets |
707.431 |
-12,73 % |
810.658 |
58,64 % |
510.990 |
|
I. Intangible assets |
3 |
- |
3 |
-99,92 % |
2.991 |
|
II. Fixed Assets (long-term-assets) |
707.428 |
-12,73 % |
810.656 |
59,58 % |
507.999 |
|
B. Current Assets |
4.178.719 |
0,33 % |
4.164.966 |
54,53 % |
2.695.303 |
|
I. Inventory |
798.950 |
29,70 % |
616.000 |
229,41 % |
187.000 |
|
II. Receivabls and other
assets |
3.294.288 |
-4,21 % |
3.439.124 |
120,49 % |
1.559.772 |
|
IV. Liquid Assets |
85.480 |
-22,18 % |
109.842 |
-88,42 % |
948.531 |
|
C. Prepaid Expenses |
865 |
141,56 % |
358 |
12,93 % |
317 |
|
Balance sheet total |
4.887.014 |
-1,79 % |
4.975.998 |
55,15 % |
3.207.173 |
Liabilities
|
A. Equity |
1.439.577 |
8,73 % |
1.323.948 |
16,84 % |
1.133.143 |
|
I. Subscribed capital |
25.565 |
- |
25.565 |
0,00 % |
25.565 |
|
II. Capital Reserve |
12.510 |
- |
12.510 |
- |
12.510 |
|
IV. Retained Earnings |
1.285.873 |
10,77 % |
1.160.891 |
25,62 % |
924.128 |
|
V. Net Income |
115.629 |
-7,48 % |
124.982 |
-26,89 % |
170.941 |
|
B. Accruals |
71.348 |
-38,78 % |
116.552 |
-25,81 % |
157.103 |
|
C. Liabilities |
3.376.088 |
-4,51 % |
3.535.498 |
84,44 % |
1.916.927 |
|
Balance sheet total |
4.887.014 |
-1,79 % |
4.975.998 |
55,15 % |
3.207.173 |
Directors
|
Name |
Address |
Altdorfer Mühle 1 |
|
|
Date Of Birth |
27.07.1966 |
|
71155 Altdorf / DE |
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Function |
Managing Director |
Present Appointments |
1 |
|
Appointment Date |
- |
Gender |
Male |
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|
|
|
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|
Name |
Address |
Altdorfer Mühle 3 |
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|
Date Of Birth |
- |
|
71155 Altdorf / DE |
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Function |
Managing Director |
Present Appointments |
1 |
|
Appointment Date |
- |
Gender |
Male |
Shareholder
|
Shareholder |
Shares |
City |
Country |
|
50 % |
Altdorf |
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|
|
50 % |
Altdorf |
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Beneficial ownership
|
Name |
Zip |
City |
Country |
Shares |
|
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71155 |
Altdorf |
|
50,00 % |
Details |
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71155 |
Altdorf |
|
50,00 % |
Details |
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.
Key Performance Indicators
|
Find below a comparision of the company based on the industry code (primary) with other companies from the same industry. The following analysis has been based on the industry code 10 - Manufacture of food products. |
Key Performance Indicators
|
Find below a comparision of the company based on the industry code (primary) with other companies from the same industry. The following analysis has been based on the industry code 10 - Manufacture of food products. |
Profitability Quartiles
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REVENUE |
||
|
2010 |
2011 |
2012 |
|
€ |
|
|
|
Lower |
28991583.07;32194038.98;34358468.69 |
|
|
Median |
70644226.88;76709874.92;72033000 |
|
|
Upper |
143562491.37;160494841.46;163267464.78 |
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Company Results
|
PRE TAX PROFIT |
||
|
2010 |
2011 |
2012 |
|
€ |
|
|
|
Lower |
59115.79;9203.25;18513.13 |
|
|
Median |
585244.23;416711.68;424134.39 |
|
|
Upper |
1792639.04;1493359.18;1539955.12 |
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Company Results
|
REVENUE (€) |
INDUSTRY QUARTILES |
|||
|
YEAR |
Company Results |
Lower |
Median |
Upper |
|
2010 |
- |
28.991.583,07 |
70.644.226,88 |
143.562.491,37 |
|
2011 |
- |
32.194.038,98 |
76.709.874,92 |
160.494.841,46 |
|
2012 |
- |
34.358.468,69 |
72.033.000,00 |
163.267.464,78 |
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PRE TAX PROFIT (€) |
INDUSTRY QUARTILES |
|||
|
YEAR |
Company Results |
Lower |
Median |
Upper |
|
2010 |
- |
59.115,79 |
585.244,23 |
1.792.639,04 |
|
2011 |
- |
9.203,25 |
416.711,68 |
1.493.359,18 |
|
2012 |
- |
18.513,13 |
424.134,39 |
1.539.955,12 |
Financial Strength Quartiles
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RETURN ON CAPITAL EMPLOYED |
||
|
2010 |
2011 |
2012 |
|
% |
|
|
|
Lower |
1.99;0.29;0.70 |
|
|
Median |
12.47;9.44;10.19 |
|
|
Upper |
30.44;22.15;23.84 |
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|
Company Results |
;; |
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|
NET WORTH |
||
|
2010 |
2011 |
2012 |
|
€ |
|
|
|
Lower |
8841.86;6988.29;16315.68 |
|
|
Median |
64400.41;62600.40;106962.36 |
|
|
Upper |
371058.93;371282.50;591145.02 |
|
|
Company Results |
1133143.38;1323947.92;1439577.31 |
|
|
RETURN ON CAPITAL EMPLOYED (%) |
INDUSTRY QUARTILES |
|||
|
YEAR |
Company Results |
Lower |
Median |
Upper |
|
2010 |
- |
1,99 |
12,47 |
30,44 |
|
2011 |
- |
0,29 |
9,44 |
22,15 |
|
2012 |
- |
0,70 |
10,19 |
23,84 |
|
NET WORTH (€) |
INDUSTRY QUARTILES |
|||
|
YEAR |
Company Results |
Lower |
Median |
Upper |
|
2010 |
1.133.143,38 |
8.841,86 |
64.400,41 |
371.058,93 |
|
2011 |
1.323.947,92 |
6.988,29 |
62.600,40 |
371.282,50 |
|
2012 |
1.439.577,31 |
16.315,68 |
106.962,36 |
591.145,02 |
Liquidity Quartiles
|
CURRENT RATIO |
||
|
2010 |
2011 |
2012 |
|
% |
|
|
|
Lower |
54.34;48.84;60.42 |
|
|
Median |
110.26;104.71;113.41 |
|
|
Upper |
231.14;217.05;226.33 |
|
|
Company Results |
140.61;117.80;123.77 |
|
LIQUIDITY RATIO
|
2010 |
2011 |
2012 |
|
% |
|
|
|
Lower |
36.01;31.52;39.27 |
|
|
Median |
85.84;76.99;85.93 |
|
|
Upper |
188.27;174.03;181.87 |
|
|
Company Results |
130.85;100.38;100.11 |
|
|
CURRENT RATIO (%) |
INDUSTRY QUARTILES |
|||
|
YEAR |
Company Results |
Lower |
Median |
Upper |
|
2010 |
140,61 |
54,34 |
110,26 |
231,14 |
|
2011 |
117,80 |
48,84 |
104,71 |
217,05 |
|
2012 |
123,77 |
60,42 |
113,41 |
226,33 |
|
LIQUIDITY RATIO (%) |
INDUSTRY QUARTILES |
|||
|
YEAR |
Company Results |
Lower |
Median |
Upper |
|
2010 |
130,85 |
36,01 |
85,84 |
188,27 |
|
2011 |
100,38 |
31,52 |
76,99 |
174,03 |
|
2012 |
100,11 |
39,27 |
85,93 |
181,87 |
Debt Analysis Quartiles
|
CURRENT DEBT RATIO |
||
|
2010 |
2011 |
2012 |
|
% |
|
|
|
Lower |
37.21;37.56;42.64 |
|
|
Median |
130.44;142.12;141.74 |
|
|
Upper |
432.25;450.82;468.17 |
|
|
Company Results |
169.17;267.04;234.52 |
|
|
TOTAL DEBT RATIO |
||
|
2010 |
2011 |
2012 |
|
% |
|
|
|
Lower |
42.38;42.23;50.83 |
|
|
Median |
151.82;155.92;170.27 |
|
|
Upper |
481.18;488.58;540.48 |
|
|
Company Results |
169.17;267.04;234.52 |
|
|
CURRENT DEBT RATIO (%) |
INDUSTRY QUARTILES |
|||
|
YEAR |
Company Results |
Lower |
Median |
Upper |
|
2010 |
169,17 |
37,21 |
130,44 |
432,25 |
|
2011 |
267,04 |
37,56 |
142,12 |
450,82 |
|
2012 |
234,52 |
42,64 |
141,74 |
468,17 |
|
TOTAL DEBT RATIO (%) |
INDUSTRY QUARTILES |
|||
|
YEAR |
Company Results |
Lower |
Median |
Upper |
|
2010 |
169,17 |
42,38 |
151,82 |
481,18 |
|
2011 |
267,04 |
42,23 |
155,92 |
488,58 |
|
2012 |
234,52 |
50,83 |
170,27 |
540,48 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.10 |
|
|
1 |
Rs.99.04 |
|
Euro |
1 |
Rs.79.03 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUM |
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|
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|
Report Prepared
by : |
NIS |
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.