MIRA
INFORM REPORT
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Report Date : |
21.08.2007 |
IDENTIFICATION DETAILS
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Name : |
Concast AG |
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Registered Office : |
Toedistrasse 9, Postfach, 8027 Zuerich/ZH |
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Country : |
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Date of Incorporation : |
07-05-1954 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Steelworks and continuous casting technology |
RATING & COMMENTS
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MIRA’s Rating : |
A |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Maximum Credit Limit : |
EUR 150.000 |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
Detail
assessment: |
Payments: |
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There are no complaints about the mode of payment and business
conduct. |
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Individual
credit limit*: |
EUR 150.000.-- |
Name
Concast AG
Line of Business
Gussanlagen
Legal domicile
Toedistrasse 9
8002 Zuerich/ZH
Business address
Toedistrasse 9
Postfach
8027 Zuerich/ZH
Switzerland
Telephone: 044 2046511
Fax: 044 2028122
Homepage: www.concast.net
E-Mail:
office@concast.ch
CREDIT ADVICE
Credit opinion : A maximum credit of EUR 150.000 is considered in order.
This credit advice is based on information available at the time of
conducting the research, being the above indicated date.
All amounts in this report are given in Swiss Francs (CHF) unless
otherwise stated.
GENERAL COMPANY DATA
OFFICIAL DATA:
Legal form: Joint stock company
First Publication: 07-05-1954
Last Publication: 11-04-2007
Share capital: 2.000.000
Paid up: 2.000.000
Divided into: 20.000 Shares of 100
Direct Parent com. : MS Schloemann-Siemag AG,
Company Management: Jacques
Zuber
Registered name 17-06-2004 Concast AG
Previous
Concast Holding AG
ACTIVITY:
Line of business : Steelworks and continuous casting technology
Sector : Manufacture
Activity:
Concast AG is active in the field of steelworks and continuous casting
technology. The portfolio of productions includes continuous casting plants for
billets and light blooms with all auxiliary and ancillary facilities,
automation systems, quality control systems, water supply and treatment plants
and electric steelworks.
Within the SMS Group the company is part of the business area SMS Demag.
Trading area: Worldwide
EMPLOYEES:
Number of employees: Personnel
information was not made available
Number of employees of the SMS Group:
2006: 8.999
2005: 9.223
2004: 9.479
2003: 9.535
2002: 10.107
Personnel of the area SMS Demag:
2006: 4.774
2005: 4.571
PAYMENT AND FINANCIAL DATA
PAYMENT EXPERIENCES:
Legal actions : No legal actions, distraints or loss certificates
registered.
Report from 02-04-2002, in
8027 Zuerich.
A current check of the legal actions requires a document of
justification with a legitimate signature.
There are no complaints about the mode of payment and business conduct.
FINANCIAL DATA:
Financial position: The
financial affairs are considered to be in order.
Financial Statements: The company does not disclose any financial
statements.
Key figures (in EUR 1.000):
SMS Demag
31.12.2006 31.12.2005
12 Months 12 Months
Sales 1'775'849.0 1'379'928.0
Orders
received 1'978'890.0 1'781'658.0
Consolidated key figures (in EUR 1.000):
SMS-Gruppe
31.12.2006 31.12.2005
31.12.2004 31.12.2003
12 Months 12 Months
12 Months 12 Months
Sales 2'826'148.0 2'333'828.0
2'170'000.0 2'146'000.0
Operating
Profit/Loss 85'054.0 41'532.0
Profit/Loss 68'102.0 36'561.0
Orders
received 3'235'000.0 2'811'000.0
2'282'000.0 1'933'000.0
Shareholder
funds 296'326.0 296'225.0
Balance
sheet total 2'714'014.0 2'697'362.0
Takeover from: Concast AG
8000 Zuerich/ZH
Type: Take over as a result of merger
Registered on: 11-06-2004
Contract date: 20-05-2004
Balance Sheet per: 01-01-2004
Assets: 210.448.084
Liabilities: 175.128.814
Banker(-s): Credit Suisse (CS),
8000 Zuerich
UBS Ltd, 8000
Zuerich
Auditors : BDO Visura International, Zuerich
COMPANY AND PERSON RELATIONS
COMPANY CONNECTIONS:
Direct Parent com. : SMS Schloemann-Siemag AG,
Ultimate Parent com.: SMS
SMS GmbH is the holding of a group of internationally active companies
in plant construction and mechanical engineering relating to the processing of
steel, nonferrous metals and plastics.
Direct Investments:
Concast Iberica SA,
Concast India Ltd.,
Concast Latinoamerica SA,
Argentina/AR (100.0%).
Concast Standard America Inc.,
America/US (100.0%).
Concast Systems S.r.l.,
(100.0%).
Concast UK Ltd.,
(100.0%).
Continua Intern. Continuoos SpA,
(100.0%).
BOARD OF DIRECTORS:
Adalbert Roehrig, from
President, collective signature.
Burkhard Dahmen, from
Vice President, collective signature.
Jacques Zuber, from Dussnang, Fischingen, in Oberlunkhofen/AG/Switzerland,
Managing
Director, collective signature.
Dr. Philippe
Borens, from Allschwil, in Zumikon/ZH/Switzerland,
Member, collective signature.
Walter Hess, from Geuensee, Luzern, in Buenzen/AG/Switzerland,
Member, collective signature.
Dr. Joachim Schoenbeck, from
Member, collective signature.
Eckhard Schulte, from
Member, collective signature.
MANAGEMENT:
Gerhard Buenemann, from
Vice Director, collective signature.
Riccardo Gottardi, from
Vice Director, collective signature.
Walter Hakios, from
Vice Director, collective signature.
Josef Kohl, from Austria, in Schoenenberg/ZH/Switzerland,
Vice Director, collective signature.
Paul Mueller, from Gersau, in Greppen/LU/Switzerland,
Vice Director, collective signature.
Adrian Stilli,
from Zuerich, Buelach, in Buelach/ZH/Switzerland,
Vice Director, collective signature.
PERSONNEL INFORMATION:
Adalbert Roehrig is married to Elisabeth Roehrig and lives at the
Alpenstrasse 43 in 8800 Thalwil.
There are no detrimental reports on the mentioned persons' business conduct.
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 |
Unfavourable & favourable factors carry similar weight in credit
consideration. 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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NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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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%)