MIRA
INFORM REPORT
|
Report Date : |
09.08.2007 |
IDENTIFICATION DETAILS
|
Name : |
Xomox Magyarország Termelő Korlátolt Felelősségű
Társaság |
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Registered Office : |
8000 Székesfehérvár, Sóstó Ipari Park, Cseh út 1. |
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Country : |
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Financials (as on) : |
31.12.2005 |
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Date of Incorporation : |
06/28/2001 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Manufacture of taps and valves |
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 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
name & address
Xomox Magyarország Termelő
Korlátolt Felelősségű Társaság
8000 Székesfehérvár, Sóstó Ipari Park,
Cseh út 1.
Phone: +36-22-513100
Telefax: +36-22-513131
E-Mail: magyarorszag@xomox.de
Web: www.xomox.de
Legal
form
Limited liability company (Ltd.)
Established
on
Registered
on
08/14/2001 Cj.
Fejér megye, 07 09 008237
Tax number: 1269
EU Community VAT identification number: HU12691142
Registered
capital
12/10/2001 HUF 3 100 000
Owner
CR Holdings C. V.
NL-1043 BW Amszterdam, Naritaweg 165 Telestone 8.
member of Ltd.
Beginning of validity:
Person in charge for delivery:
Remsei Gabriella
8000 Székesfehérvár, Kisteleki u. 29.
Crane Global Holdings S. L.
ES-8006
member of Ltd.
Beginning of validity:
Person in charge for delivery:
Remsei Gabriella
8000 Székesfehérvár, Kisteleki u. 29.
Manager
Chikány András
1151
firm manager
authorized to sign alone
Beginning of validity:
Ernst Niessen
DE-88131 Bodolz, Flurstrasse 12/B.
manager
authorized to sign alone
Beginning of validity:
Person in charge for delivery:
Nagyné Szentes Katalin
8000 Székesfehérvár, Deák F. utca 38.
John Robert Vipond
US-06851
Head office-bearer
authorized to sign alone
Beginning of legal relation:
End of legal relation: 06/30/2008
Beginning of validity: 01/03/2007
Person in charge for delivery:
Nagyné Szentes Katalin
8000 Székesfehérvár, Deák F. u. 38.
Max Homer Mitchell
US-06883 Weston,
manager
authorized to sign alone
Beginning of legal relation:
End of legal relation: 06/30/2008
Beginning of validity: 01/03/2007
Person in charge for delivery:
Nagyné Szentes Katalin
8000 Székesfehérvár, Deák F. utca 38.
Auditor
Deloitte Könyvvizsgáló és
Tanácsadó Kft.
1068
Beginning of validity:
Horváth Attila Péter
1025
Beginning of validity:
General
data
Main activity:
Manufacture of taps and valves (29.13)
Other activities:
Manufacture of pumps and compressors (29.12)
Wholesale trade of
other electronic parts and equipment (51.86)
Other wholesale (51.90)
Other non-store
retail sale (52.63)
Full name
Xomox Magyarország Termelő Korlátolt Felelősségű Társaság
Beginning of validity:
Name in foreign language
Xomox Hungary Manufacturing Limited Liability Company
Beginning of validity:
Xomox Hungary Ltd.
Beginning of validity: 08/14/2001
Short name
Xomox Magyarország Kft.
Beginning of validity:
General contacts:
Letter:
8002 Székesfehérvár, Pf. 354
Phone: +36-22-513100
Telefax: +36-22-513131
E-Mail: magyarorszag@xomox.de
Web: www.xomox.de
Residence address:
8000 Székesfehérvár,
Beginning of validity:
The company has
ISO 9001 quality certificate.
Employees
2007. 135 employees
Annual
turnover
2001. Net income HUF 171 407 000
2002. Net income HUF 2 390 764 000
2003. Net income HUF 3
435 032 000
2004. Net income HUF 3
856 382 000
2005. Net income HUF 4
006 095 000
Property
Company's
property: property
Book value: 107291000 HUF (According to balance - 2005)
Company's property: Technological equipments, machines, vehicles
Book value: 418429000 HUF (According to balance - 2005)
Balance
sheets
2005. évi mérleg
(hivatalos forrás) (
2004. évi mérleg (hivatalos forrás) (12/31/2004 - 1000 HUF)
2003. évi mérleg (12/31/2003 - 1000 HUF)
2005. évi
"A" eredménykimutatás (hivatalos forrás) (
2004. évi "A" eredménykimutatás (hivatalos forrás) (12/31/2004 - 1000
HUF)
2003. évi "A" eredménykimutatás (12/31/2003 - 1000 HUF)
Remarks
The enclosed
balance sheet for 2005 is originated from official source, it is authenticated
by the auditor.
There is no available balance sheet of
Bank
relations
K&H Bank Nyrt.
Vállalat:
Central address: HU Budapest, Pozsonyi út 77-79.
Account number: 102010065015163700000000
Company
development
constant
Business
course
Good
Terms
of payment
Without
complaints, negative had not been issued after suppliers questions
Business
connection
The establishing of the business connection may be allowed
Credit
limit
HUF 55 050 000
EUR 222 402
Number
of queries
Duration Queries
4 weeks 0
4 - 8 weeks 0
8 weeks - 12 months 0
Legal
agreement
This
Advertisement
Database of
"Hungarian TOP 500 companies" represented in HVG on 03.01.2007. had
been revised of more than 6500 companies (from official sources and company
data).
|
A. 2005. évi mérleg (hivatalos forrás) ( |
|
Balance row |
A |
A <- B% |
B |
B <- C% |
C |
|
ASSETS INVESTED |
677 542 |
1 |
712 791 |
0,9 |
751 161 |
|
Intangible assets |
2 569 |
0,8 |
3 166 |
0,7 |
4 304 |
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- Rights representing assets |
1 570 |
1,1 |
1 382 |
0,8 |
1 835 |
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- Goodwill |
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Advanced money given for intagible assets |
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- Intellectual products |
999 |
0,6 |
1 784 |
0,7 |
2 469 |
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- Capitalized value of experimental development |
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- Capitalized value of incorporation/reorganization |
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- Adjustment of the value of intangible assets |
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Tangible assets |
674 973 |
1 |
709 625 |
1 |
746 857 |
|
- Immovables |
107 291 |
0,9 |
115 119 |
1 |
120 364 |
|
- Technological equipment, machinery and
vehicles |
418 429 |
1 |
424 577 |
1 |
428 880 |
|
- Other equipment, appliances and vehicles
|
130 201 |
0,9 |
149 981 |
0,9 |
170 941 |
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animals for breeding |
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- Investments |
19 052 |
1 |
19 948 |
0,7 |
26 672 |
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- Advance payments made towards
investments |
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- Adjustment of the value of tangible assets |
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Financial means invested |
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Permanent interest in associated company |
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Permanent loan given in associated company |
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Other permanent interest |
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Permanent loan given in other participating relation |
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Other loan given to a longer period |
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Security personifying permanent credit
relation |
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- Adjustment of the value of liquid assets
invested |
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CURRENT ASSETS |
1 279 876 |
0,9 |
1 416 481 |
1,1 |
1 297 266 |
|
Inventories |
807 519 |
0,9 |
934 370 |
1,2 |
788 068 |
|
- Materials |
616 229 |
0,8 |
738 711 |
1,6 |
455 874 |
|
- Commodities |
30 950 |
0,6 |
54 900 |
1,3 |
40 745 |
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- Advance payments made towards
inventories |
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|
40 355 |
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- Livestock |
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- Incomplete production and semi-finished
products |
40 819 |
0,9 |
45 923 |
2,2 |
20 561 |
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- Finished products |
119 521 |
1,3 |
94 836 |
0,4 |
230 533 |
|
Accounts receivable |
455 211 |
1 |
466 686 |
1 |
456 945 |
|
- Receivables from clients on account of
deliveries |
41 853 |
0,4 |
99 008 |
0,7 |
135 670 |
|
Receivables from associated company |
347 186 |
1,3 |
269 258 |
1,3 |
201 096 |
|
Receivables from other participating
relation |
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- Bills receivable |
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- Other receivables |
66 172 |
0,7 |
98 420 |
0,8 |
120 179 |
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Securities |
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Interest in associated company |
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Other interest |
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Securities personifying circulation credit
relation aim |
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Treasury stock, business quotas |
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Liquid assets |
17 146 |
1,1 |
15 425 |
0,3 |
52 253 |
|
- Cash at hand and cheques |
100 |
0,4 |
244 |
0,4 |
599 |
|
- Bank deposits |
17 046 |
1,1 |
15 181 |
0,3 |
51 654 |
|
ACCRUED AND DEFERRED ASSETS |
1 608 |
1,2 |
1 390 |
0,2 |
8 760 |
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Accrued and deferred assets of revenues |
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Accrued and deferred assets of expenses, expenditures |
1 608 |
1,2 |
1 390 |
0,2 |
8 760 |
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Postponed expenditures |
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TOTAL ASSETS |
1 959 026 |
0,9 |
2 130 662 |
1 |
2 057 187 |
|
SHAREHOLDERS' EQUITY |
254 413 |
15,7 |
16 181 |
0,1 |
168 948 |
|
Capital subscribed |
3 100 |
1 |
3 100 |
1 |
3 100 |
|
own shares redeemed at par value |
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Capital subscribed but not yet paid |
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Capital reserve |
337 220 |
1 |
337 220 |
1 |
337 220 |
|
Profit reserve |
-324 139 |
1,9 |
-171 372 |
0,7 |
-242 393 |
|
Locked-up reserve |
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Provision for re-evaluation differences |
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Result as per balance-sheet |
238 232 |
-1,6 |
-152 767 |
-2,2 |
71 021 |
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SPECIFIC RESERVES |
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Specific reserves for anticipated liabilities |
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Provisions for the future expenses |
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Other provisions |
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LIABILITIES |
1 485 019 |
0,8 |
1 821 252 |
1,2 |
1 539 901 |
|
Other liabilities |
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|
|
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Long-term liabilities |
1 000 000 |
1,1 |
949 940 |
1 |
949 940 |
|
- Investment and development credits |
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- Other long-term credits |
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- Long-term loans received |
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Convertible securities |
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- Debts assumed on the issue of bonds |
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Permanent liabilities to associated company |
1 000 000 |
1,1 |
949 940 |
1 |
949 940 |
|
Permanent liabilities to other
participating relation |
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- Other long-term liabilities |
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Short-term liabilities |
485 019 |
0,6 |
871 312 |
1,5 |
589 961 |
|
- Advance payments received from customers
|
|
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- Liabilities from deliveries |
92 064 |
0,2 |
447 499 |
5,8 |
77 595 |
|
- Bills payable |
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|
Short-term liabilities towards affiliated
companies |
30 980 |
0,1 |
377 824 |
0,8 |
465 711 |
|
Short-term liabilities towards companies in which other participations
are held |
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- Short-term credits |
290 000 |
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- Short-term loans |
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from this: convertible securities |
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- Other short-term liabilities |
71 975 |
1,6 |
45 989 |
1 |
46 655 |
|
ACCRUED EXPENSES |
219 594 |
0,7 |
293 229 |
0,8 |
348 338 |
|
Accrued expenses of revenues |
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|
Accrued expenses of costs, expenditures |
37 275 |
0,8 |
49 638 |
1,1 |
43 474 |
|
Postponed revenues |
182 319 |
0,7 |
243 591 |
0,8 |
304 864 |
|
TOTAL LIABILITIES |
1 959 026 |
0,9 |
2 130 662 |
1 |
2 057 187 |
|
Balance indices |
A |
|
B |
|
C |
|
Liquidity 1 |
2.6388 |
|
1.6257 |
|
2.1989 |
|
Liquidity 2 |
.9739 |
|
.5533 |
|
.8631 |
|
Rate of sources (Liabilities/Shareholders'
equity) |
583.70% |
|
11255.50% |
|
911.46% |
|
Rate of tangible assets (Tangible
assets/Fixed assets) |
34.45% |
|
33.31% |
|
36.30% |
|
Rate of current assets (Current
assets/Fixed assets) |
65.33% |
|
66.48% |
|
63.06% |
|
Capital (Shareholders' equity/Sources) |
12.99% |
|
.76% |
|
8.21% |
|
Measure of indebtedness (liability / all
sources) |
75.80% |
|
85.48% |
|
74.85% |
|
Security of fixed assets (shrhldr's equity
/ fixed assets) |
37.55% |
|
2.27% |
|
22.49% |
|
Liquidation acid test ratio: financial
assets/ current liabilities |
3.54% |
|
1.77% |
|
8.86% |
|
A. 2005. évi "A" eredménykimutatás (hivatalos forrás) ( |
|
Balance row |
A |
A <- B% |
B |
B <- C% |
C |
|
- Net returns from domestic sales |
412 554 |
0,7 |
562 992 |
0,6 |
885 895 |
|
- Net returns from |
3 593 541 |
1,1 |
3 293 390 |
1,3 |
2 549 137 |
|
Net returns from sales |
4 006 095 |
1 |
3 856 382 |
1,1 |
3 435 032 |
|
Other revenues |
65 315 |
1,1 |
61 654 |
0,8 |
81 589 |
|
- Capitalized value of assets of own
production |
148 |
|
|
|
|
|
- Changes in the stock of inventories
compiled from own products |
19 581 |
-0,2 |
-110 335 |
5,6 |
-19 570 |
|
Capitalized value of own performance |
19 729 |
-0,2 |
-110 335 |
5,6 |
-19 570 |
|
Depreciation |
|
|
|
|
|
|
- Material costs |
2 333 324 |
0,9 |
2 475 819 |
1,5 |
1 692 406 |
|
- Value of material-type services the Company
availed itself of |
263 936 |
1,1 |
236 383 |
0,8 |
301 867 |
|
Value of other deliveries |
13 131 |
0,9 |
14 506 |
1,2 |
12 309 |
|
- Purchase value of the goods sold |
320 475 |
0,8 |
383 254 |
0,6 |
594 716 |
|
Value of sold (intermediate) services |
|
|
|
|
|
|
Material--type costs |
2 930 866 |
0,9 |
3 109 962 |
1,2 |
2 601 298 |
|
- Wages and salaries |
392 502 |
1,1 |
353 841 |
1,1 |
330 713 |
|
- Other staff emoluments |
65 577 |
0,8 |
77 309 |
1,3 |
61 468 |
|
Payment contributions |
154 529 |
1,1 |
140 089 |
1,2 |
118 976 |
|
Staff costs |
612 608 |
1,1 |
571 239 |
1,1 |
511 157 |
|
Depreciation |
157 913 |
1,1 |
144 957 |
1,1 |
134 314 |
|
Other expenditures |
32 398 |
1,4 |
23 474 |
0,3 |
91 056 |
|
Depreciation |
3 929 |
|
|
|
|
|
TRADING PROFIT/INCOME FROM OPERATIONS |
357 354 |
-8,5 |
-41 931 |
-0,3 |
159 226 |
|
Interest receivable and similar income |
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|
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|
1 111 |
|
Given to associated company |
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Dividends received and profit sharing |
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Received from associated company |
|
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|
|
|
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Depreciation of selling the interests |
|
|
|
|
|
|
Received from associated company |
992 |
0,8 |
1 242 |
|
|
|
Exchange profit and interest of the invested liquid assets |
|
|
|
|
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Received from associated company |
|
|
|
|
|
|
Other revenues from financial transactions |
33 555 |
0,9 |
38 400 |
1 |
39 682 |
|
Revenues from financial transactions |
34 547 |
0,9 |
39 642 |
1 |
40 793 |
|
Depreciation of the invested liquid assets |
|
|
|
|
|
|
Given to associated company |
|
|
|
|
|
|
Interest paid and interest related expenses |
87 729 |
0,8 |
109 709 |
1,3 |
83 255 |
|
Given to associated company |
87 729 |
0,8 |
109 709 |
|
|
|
Depreciation of interests, shares and bank deposits |
|
|
|
|
|
|
Other expenditures on financial. transactions |
47 892 |
1,2 |
40 279 |
0,9 |
45 743 |
|
Expenses on financial transactions |
135 621 |
0,9 |
149 988 |
1,2 |
128 998 |
|
PROFIT FROM FINANCIAL TRANSACTIONS |
-101 074 |
0,9 |
-110 346 |
1,3 |
-88 205 |
|
PROFIT FROM ORDINARY ACTIVITIES |
256 280 |
-1,7 |
-152 277 |
-2,1 |
71 021 |
|
Extraordinary incomes |
|
|
|
|
|
|
Extraordinary expenditures |
|
|
490 |
|
|
|
EXTRAORDINARY PROFITS |
|
|
-490 |
|
|
|
PRE-TAX PROFITS |
256 280 |
-1,7 |
-152 767 |
-2,2 |
71 021 |
|
Tax payable |
18 048 |
|
|
|
|
|
AFTER-TAX PROFIT |
238 232 |
-1,6 |
-152 767 |
-2,2 |
71 021 |
|
Use of accumulated profit reserve for
dividends and profit sharing |
|
|
|
|
|
|
Dividend and profit sharing approved and
paid |
|
|
|
|
|
|
PROFIT AS PER BALANCE-SHEET |
238 232 |
-1,6 |
-152 767 |
-2,2 |
71 021 |
|
Balance indices |
A |
|
B |
|
C |
|
Rentability |
6.40% |
|
-3.96% |
|
2.07% |
|
Annual change of the net return of sales |
3.88% |
|
12.27% |
|
43.68% |
|
|
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 |
Unfavourable & favourable factors carry similar weight in credit
consideration. 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 |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
|
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%)