MIRA INFORM
REPORT
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Report Date : |
06.08.2011 |
IDENTIFICATION DETAILS
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Name : |
UNION-TANK ECKSTEIN GMBH & CO KG |
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Registered Office : |
Mainparkstr 2-4, Kleinostheim, 63801 |
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Country : |
Germany |
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Financials (as on) : |
31.12.2009 |
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Com. Reg. No.: |
835 |
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Date of Incorporation : |
01.10.1963 |
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Legal Form : |
Partnership Parent |
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Line of Business : |
Wholesale trade in fuel; fuel cards |
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 – March 31st, 2011
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Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
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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 |
Bottom of Form
Company name & address
Union-Tank Eckstein GmbH & Co KG
Mainparkstr 2-4
Kleinostheim, 63801
Germany
Tel: 49 (6027) 5 09-0
Fax: 49 (6027) 5 09-177
Web: www.uta.de
Synthesis
Employees: 300
Company Type: Partnership Parent
Corporate Family: 2
Companies
Incorporation Date:
01-Oct-1963
Financials in: USD (Millions)
Fiscal Year End:
31-Dec-2009
Reporting Currency: Euro
Annual Sales: 3,582.0
Total Assets: 478.9
Business Description
Wholesale trade in fuel; fuel cards: The UTA Full Service Card offers a
comprehensive service for commercial goods transport and passenger transport
companies
Industry
Industry Oil and Gas Operations
ANZSIC 2006: 3321 - Petroleum
Product Wholesaling
NACE 2002: 5151 - Wholesale
of solid, liquid and gaseous fuels and related products
NAICS 2002: 424710 - Petroleum
Bulk Stations and Terminals
UK SIC 2003: 51511 - Wholesale
of petroleum and petroleum products
US SIC 1987: 5171 - Petroleum
Bulk stations and Terminals
Key Executives
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Name |
Title |
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Frits Baron van Dedem |
Co-Geschäftsführer |
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Christoph Senghaus |
Leiter-Marketing |
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Hr Lanfermann |
Manager |
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Sven Peter |
Leiter-Technik |
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Juergen Lang |
Leiter-Personal |
Registered No.(DEU): 835
1 - Profit & Loss Item Exchange Rate: USD 1 = EUR 0.7190468
2 - Balance Sheet Item Exchange Rate: USD 1 = EUR 0.6969855
Corporate Overview
Location
Mainparkstr 2-4
Kleinostheim, 63801
Germany
Tel: 49 (6027) 5 09-0
Fax: 49 (6027) 5 09-177
Web: www.uta.de
Sales EUR(mil): 2,575.7
Assets EUR(mil): 333.8
Employees: 300
Fiscal Year End: 31-Dec-2009
Industry: Oil
and Gas Operations
Incorporation Date: 01-Oct-1963
Company Type: Partnership
Parent
Quoted Status: Not
Quoted
Registered No.(DEU): 835
Co-Geschäftsführer: Frits Baron
van Dedem
Contents
· Industry Codes
· Business Description
· Financial Data
· Subsidiaries
· Key Corporate Relationships
Industry Codes
ANZSIC 2006 Codes:
3321 - Petroleum Product Wholesaling
NACE 2002 Codes:
5151 - Wholesale of solid, liquid and gaseous fuels and related
products
NAICS 2002 Codes:
424710 - Petroleum Bulk Stations and Terminals
424720 - Petroleum and Petroleum Products Merchant Wholesalers
(except Bulk Stations and Terminals)
US SIC 1987:
5172 - Petroleum and Petroleum Products Wholesalers, Except Bulk
Stations and Terminals
5171 - Petroleum Bulk stations and Terminals
UK SIC 2003:
51511 - Wholesale of petroleum and petroleum products
Business
Description
Wholesale trade in fuel; fuel cards: The UTA Full Service Card offers a
comprehensive service for commercial goods transport and passenger transport
companies
More Business
Descriptions
UNION TANK Eckstein GmbH & Co.KG is primarily engaged in other
financial intermediation primarily concerned with distributing funds other than
by making loans.
Other Support Activities for Transportation
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Key Corporate
Relationships
Bank: Deutsche Bank AG,
Commerzbank AG
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Corporate Family |
Corporate Structure News: |
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Total Corporate Family Members: 2 |
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Company Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
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Parent |
Kleinostheim |
Germany |
Oil and Gas Operations |
3,582.0 |
300 |
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Subsidiary |
Nieuwegein, Utrecht |
Netherlands |
Oil and Gas Operations |
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7 |
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Executives Report
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Executives |
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Co-Geschäftsführer |
Chief Executive Officer |
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Co-Geschäftsführer |
Chief Executive Officer |
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Manager |
Administration Executive |
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Manager |
Administration Executive |
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Leiter-Personal |
Human Resources Executive |
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Leiter-Marketing |
Marketing Executive |
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Leiter-Unternehmenskommunikation & Presse |
Corporate Communications Executive |
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Leiter-Technik |
Information Executive |
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GERMANY : UNION
TANK Eckstein GmbH & Co. KG wins tender for providing vehicle refuelling
services
TendersInfo News
19 May 2011
[What follows is the full text of the article.]
UNION TANK Eckstein GmbH & Co. KG, Germany has received the contract
from Zentraldienst der Polizei des Landes Brandenburg, Germany for providing
vehicle refuelling services. The contract is issued for provision of a uniform
national fuel card system for the fueling of the official vehicles of the
police of the State of Brandenburg.
Contract received total 2 number of offers. GPA has not covered this
contract with no possible sub-contracting. The contractor is not selected
through an electronic auction. The procedure through which this contract is
awarded is open.
Zentraldienst der Polizei des Landes Brandenburg, Germany is a ministry
or any other national or federal authority, including their regional or local
sub-divisions. The contracting authority is not purchasing on behalf of other
contracting authorities.
Related Geographies
· Europe
· Germany
Annual Profit & Loss
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31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
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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) |
0.719047 |
0.683679 |
0.730637 |
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Consolidated |
No |
No |
No |
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Total income |
3,582.0 |
4,126.5 |
3,429.9 |
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Raw materials and services |
3,494.2 |
4,022.3 |
3,339.8 |
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Net sales |
3,582.0 |
4,126.5 |
3,429.9 |
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Other operating income |
20.6 |
16.6 |
8.4 |
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Raw materials and consumables employed |
3,494.2 |
4,022.3 |
3,339.8 |
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Cost of goods sold |
3,494.2 |
4,022.3 |
3,339.8 |
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Cost of raw materials |
3,494.2 |
4,022.3 |
3,339.8 |
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Taxes and social security costs |
3.3 |
3.6 |
2.9 |
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Total payroll costs |
19.2 |
19.1 |
16.6 |
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Fixed asset depreciation and amortisation |
2.3 |
2.6 |
2.5 |
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Other operating costs |
81.6 |
108.4 |
73.8 |
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Net operating income |
46.2 |
45.0 |
42.6 |
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Interest received from loans |
16.7 |
11.8 |
13.5 |
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Income received from associated companies |
- |
- |
0.0 |
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Other income |
2.1 |
5.9 |
4.2 |
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Interest payable on loans |
0.0 |
0.0 |
0.0 |
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Other expenses |
- |
- |
0.5 |
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Total expenses |
-18.8 |
-17.7 |
-17.2 |
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Profit before tax |
65.0 |
62.7 |
59.8 |
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Extraordinary income |
- |
- |
3.6 |
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Provisions |
20.7 |
23.5 |
22.5 |
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Extraordinary result |
- |
- |
3.6 |
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Other taxes |
0.2 |
0.3 |
0.1 |
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Total taxation |
5.1 |
5.0 |
5.9 |
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Net profit |
59.7 |
57.4 |
57.3 |
Annual
Balance Sheet
Financials
in: USD (mil)
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|
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
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Filed Currency |
EUR |
EUR |
EUR |
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Exchange Rate |
0.696986 |
0.719399 |
0.683971 |
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Consolidated |
No |
No |
No |
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Capital reserves |
5.7 |
5.6 |
5.8 |
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Total stockholders equity |
66.0 |
91.3 |
80.4 |
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Deferred taxation |
0.8 |
3.2 |
4.4 |
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Other provisions |
20.6 |
19.1 |
19.7 |
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Provisions and allowances |
21.4 |
22.3 |
24.1 |
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Taxes and social security |
3.2 |
3.2 |
1.2 |
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Total long-term liabilities |
3.2 |
3.2 |
1.2 |
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Trade creditors |
385.1 |
341.6 |
432.4 |
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Other loans |
0.0 |
0.0 |
- |
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Taxation and social security |
3.3 |
3.6 |
1.3 |
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Due to group companies |
- |
0.0 |
- |
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Total current liabilities |
388.4 |
345.3 |
433.7 |
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Total liabilities (including net worth) |
478.9 |
462.1 |
541.3 |
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Patents |
0.2 |
0.4 |
0.5 |
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Intangibles |
0.2 |
0.4 |
0.5 |
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Land and buildings |
5.5 |
5.6 |
6.1 |
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Fixtures and equipment |
5.5 |
5.6 |
6.1 |
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Total tangible fixed assets |
7.9 |
8.9 |
10.4 |
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Long-term investments |
4.3 |
3.4 |
3.6 |
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Shares held in associated companies |
8.3 |
7.8 |
2.8 |
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Participating interest |
0.0 |
0.0 |
0.0 |
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Total financial assets |
12.6 |
11.3 |
6.4 |
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Total non-current assets |
20.7 |
20.6 |
17.4 |
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Raw materials |
0.3 |
0.4 |
0.6 |
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Net stocks and work in progress |
0.3 |
0.4 |
0.6 |
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Trade debtors |
337.6 |
292.4 |
353.3 |
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Other receivables |
22.7 |
41.0 |
22.4 |
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Total receivables |
399.5 |
370.0 |
390.0 |
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Owing from associated companies |
24.8 |
22.7 |
0.0 |
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Owing from participants |
14.3 |
13.9 |
14.3 |
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Cash and liquid assets |
57.9 |
70.7 |
132.9 |
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Total current assets |
457.7 |
441.2 |
523.5 |
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Prepaid expenses and deferred costs |
0.5 |
0.4 |
0.4 |
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Total assets |
478.9 |
462.1 |
541.3 |
Annual
Ratios
Financials
in: USD (mil)
|
|
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
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Period Length |
12 Months |
12 Months |
12 Months |
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Filed Currency |
EUR |
EUR |
EUR |
|
Exchange Rate |
0.696986 |
0.719399 |
0.683971 |
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Consolidated |
No |
No |
No |
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Current ratio |
11.78 |
12.78 |
12.07 |
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Acid test ratio |
11.78 |
12.77 |
12.06 |
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Total liabilities to net worth |
0.59% |
0.38% |
0.54% |
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Net worth to total assets |
0.01% |
0.02% |
0.01% |
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Current liabilities to net worth |
0.59% |
0.38% |
0.54% |
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Current liabilities to stock |
145.53% |
83.63% |
74.35% |
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Fixed assets to net worth |
0.03% |
0.02% |
0.02% |
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Collection period |
332.00 |
274.00 |
350.00 |
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Profit margin |
0.00% |
0.00% |
0.00% |
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Return on assets |
0.01% |
0.01% |
0.01% |
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Shareholders' return |
0.09% |
0.06% |
0.08% |
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Sales per employee |
979.34 |
1,115.10 |
1,010.50 |
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Profit per employee |
16.33 |
15.51 |
15.82 |
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Average wage per employee |
5.25 |
5.15 |
4.89 |
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Net worth |
66.0 |
91.3 |
80.4 |
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Number of employees |
263 |
253 |
248 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.80 |
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UK Pound |
1 |
Rs.72.86 |
|
Euro |
1 |
Rs.63.11 |
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 |
|
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 |
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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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.