MIRA INFORM
REPORT
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Report Date : |
09.08.2011 |
IDENTIFICATION DETAILS
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Name : |
VINNOLIT GMBH & CO KG |
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Registered Office : |
Carl-Zeiss-Ring 25, Ismaning, 85737 |
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Country : |
Germany |
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Financials (as on) : |
31.12.2009 |
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Date of Incorporation : |
06.06.2000 |
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Com. Reg. No.: |
76260 |
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Legal Form : |
Partnership Subsidiary |
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Line of Business : |
manufacturer of plastic tableware, kitchenware and
toilet articles |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment
Behaviour : |
Unknown |
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Litigation : |
---- |
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
|
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
Vinnolit GmbH & Co KG
Carl-Zeiss-Ring 25
Ismaning, 85737
Germany
Tel: 49 (89) 9 61 03-0
Fax: 49 (89) 9 61 03-103
Web: www.vinnolit.com
Synthesis
Employees: 1,350
Company Type: Partnership Subsidiary
Corporate Family: 3
Companies
Ultimate Parent: Vinnolit
Holdings GmbH
Incorporation Date:
06-Jun-2000
Financials in: USD (Millions)
Fiscal Year End:
31-Dec-2009
Reporting Currency: Euro
Annual Sales: 899.7
Total Assets: 750.0
Business Description
Vinnolit GmbH & Co. KG is primarily engaged in manufacture of
plastic tableware, kitchenware and toilet articles; and manufacture of diverse
plastic products (plastic headgear, insulating fittings, parts of lighting
fittings, office or school supplies, articles of apparel, fittings for
furniture, statuettes, transmission and conveyor belts, etc.).
Industry
Industry Chemicals - Plastics and Rubber
ANZSIC 2006: 1821 - Synthetic
Resin and Synthetic Rubber Manufacturing
NACE 2002: 2416 - Manufacture
of plastics in primary forms
NAICS 2002: 325211 - Plastics
Material and Resin Manufacturing
UK SIC 2003: 2416 - Manufacture
of plastics in primary forms
US SIC 1987: 2821 - Plastics
Materials, Synthetic Resins, and Nonvulcanizable Elastomers
Key Executives
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Name |
Title |
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Josef Ertl |
Co-Geschäftsführer |
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Ernst Spindler |
Leiter-Umweltschutz |
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Guy Gansfort |
Leiter-Personal & Recht |
|
Olliver Mieden |
Leiter-Unternehmenskommunikation |
|
Georg Dämbkes |
Leiter-Nord |
Registered No.(DEU): 76260
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
Carl-Zeiss-Ring 25
Ismaning, 85737
Germany
Tel: 49 (89) 9 61 03-0
Fax: 49 (89) 9 61 03-103
Web: www.vinnolit.com
Sales EUR(mil): 646.9
Assets EUR(mil): 522.7
Employees: 1,350
Fiscal Year End: 31-Dec-2009
Industry: Chemicals
- Plastics and Rubber
Incorporation Date: 06-Jun-2000
Company Type: Partnership
Subsidiary
Quoted Status: Not
Quoted
Registered No.(DEU): 76260
Co-geschã¤ftsfã¼hrer: Josef Ertl
Contents
· Industry Codes
· Business Description
· Financial Data
· Subsidiaries
· Key Corporate Relationships
Industry Codes
ANZSIC 2006 Codes:
1821 - Synthetic Resin and Synthetic Rubber Manufacturing
NACE 2002 Codes:
2416 - Manufacture of plastics in primary forms
NAICS 2002 Codes:
325211 - Plastics Material and Resin Manufacturing
US SIC 1987:
2821 - Plastics Materials, Synthetic Resins, and Nonvulcanizable
Elastomers
UK SIC 2003:
2416 - Manufacture of plastics in primary forms
Business
Description
Manufacture and sale of PVC and intermediates
More Business
Descriptions
Vinnolit GmbH
& Co. KG is primarily engaged in manufacture of plastic tableware,
kitchenware and toilet articles; and manufacture of diverse plastic products
(plastic headgear, insulating fittings, parts of lighting fittings, office or
school supplies, articles of apparel, fittings for furniture, statuettes,
transmission and conveyor belts, etc.).
All Other Chemical Product and Preparation Manufacturing
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Corporate Family |
Corporate
Structure News: |
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Total Corporate Family Members: 3 |
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Company Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
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Parent |
Ismaning, Bayern |
Germany |
Business Services |
898.6 |
1,420 |
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Subsidiary |
Ismaning |
Germany |
Chemicals - Plastics and Rubber |
899.7 |
1,350 |
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Subsidiary |
Thornton Cleveleys |
United Kingdom |
Fabricated Plastic and Rubber |
48.7 |
61 |
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Executive report
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Board of Directors |
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Vorsitzender |
Chairman |
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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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Leiter-Thermoplaste |
Division Head Executive |
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Leiter-VinTec |
Division Head Executive |
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Leiter-Parte & Extender |
Division Head Executive |
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Leiter-Monomere |
Division Head Executive |
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Leiter-Umweltschutz |
Environment/Safety Executive |
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Leiter-Personal & Recht |
Human Resources Executive |
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Leiter-Unternehmenskommunikation |
Corporate Communications Executive |
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Leiter-Nord |
Other |
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Vinnolit GmbH
& Co. KG Files Patent Application for Apparatus and Process for the
Production of Vinyl Chloride by Thermal Cracking of 1,2-Dichloroethane
Indian Patent News
12 July 2011
[What follows is the full text of the article.]
New Delhi, July 12
-- USA based Vinnolit GmbH & Co. KG filed patent application for apparatus
and process for the production of vinyl chloride by thermal cracking of
1,2-dichloroethane. The inventors are Kammer Hofer Peter, Mielke Ingolf and
Schwarzmaier Peter.
Vinnolit GmbH
& Co. KG filed the patent application on Sept. 28, 2005. The patent
application number is 1055/MUMNP/2005 A. The international classification is
C07C17/25.
According to the
Controller General of Patents, Designs& Trade Marks, "The invention
relates to a process for the production of vinyl chloride by thermal cracking,
in which the energy balance, the operating time of the cracking furnace and/or
the yield of the reaction are distinctly enhanced in comparison with the prior
art. A pressure of from 1.4 to 2.5 MPa is established in the cracking coil at a
temperature of from 450 to 550 C and, for pre-heating the EDC
(=1,2-dichloroethane) introduced, inter alia the waste heat of the gas stream
leaving the top of the quench column is utilized."
About the Company
Vinnolit GmbH &
Co. KG produces and markets polyvinyl chloride (PVC) products for medical,
building and construction, and automotive industries in Europe and
internationally. The company offers homopolymeric emulsion PVC, co-polymeric
emulsion PVC, microsuspension PVC, graft copolymers, and homopolymeric and
co-polymeric extender resin.
Uhde GmbH and Vinnolit GmbH & Co. KG File
Patent Application for Method for Utilization of the Reaction Heat That Occurs
in the Production Process of 1,2-Dichloroethane from Ethylene in a Fluidized
Bed Reactor
Indian Patent News
29 May 2011
[What follows is
the full text of the article.]
New Delhi, May 29
-- Germany based Uhde GmbH and Vinnolit GmbH & Co. KG filed patent application
for method for utilization of the reaction heat that occurs in the production
process of 1,2-dichloroethane from ethylene in a fluidized bed reactor. The
inventors are Gnabs Ulrike, Benje Michael and Kern Walter.
Uhde GmbH and
Vinnolit GmbH & Co. KG filed the patent application on March 4, 2011. The
patent application number is 956/KOLNP/2011 A. The international classification
number is C07C17/02.
According to the
Controller General of Patents, Designs & Trade Marks, "With a method
for utilization of the reaction heat that occurs in the production of
1,2-dichloroethane from ethylene, by means of reaction with oxygen and
hydrochloride (oxychlorination), in a fluidized bed reactor, with dissipation
of this reaction heat through cooling pipe bundles situated within the reactor,
positioned in the fluidized bed, utilization of the heat is supposed to be
improved, while simultaneously reducing the size of the corresponding system
elements. This is achieved in that a part of the reaction heat is dissipated by
means of heating boiler feed water, whereby the heated boiler feed water is
used to heat sinks in the production process."
About the Company
Uhde GmbH, an
engineering company, engages in the design and construction of chemical,
refining, and other industrial plants. It also engages in the construction of
petrochemical, food industry, and industrial plants, as well as cryogenic
storage tank facilities. In addition, the company offers revamping and
optimization of production plants, operation and maintenance, materials
management and spare parts, and training of operating and maintenance personnel
services. Further, it provides consulting, project management, procurement, and
research and development services. The company focuses in fertilizers; electrolysis;
gas technologies; oil, coal, and residue gasification; refining technologies;
organic intermediates, polymers, and synthetic fibers; coke plants; and
high-pressure technologies fields. The company was formerly known as Friedrich
Uhde GmbH and changed its name to Uhde GmbH in 2002. Uhde GmbH was founded in
1921 and is based in Dortmund, Germany. The company has locations in Berlin,
Ennigerloh, Haltern, Hagen, Bad Soden, Moscow, Dzerzhinsky, Roermond, Brno,
Domat/Ems, Milan, Calgary, Bridgeville, Mexico City, Cairo, Johannesburg, Al
Khobar, Abu Dhabi, Beijing, Shanghai, Hanoi, Bangkok, Mumbai, Pune, and
Melbourne. Uhde GmbH operates as a subsidiary of Thyssenkrupp Technologies AG.
Vinnolit GmbH
& Co. KG produces and markets polyvinyl chloride (PVC) products for
medical, building and construction, and automotive industries in Europe and
internationally. The company offers homopolymeric emulsion PVC, co-polymeric
emulsion PVC, microsuspension PVC, graft copolymers, and homopolymeric and
co-polymeric extender resin.
Vinnolit GmbH
& Co. KG Files Patent Application for Process for the Polymerization of
Vinyl-Containing Monomers
Indian Patent News
01 April 2011
[What follows is
the full text of the article.]
New Delhi, April 1
-- Germany based Vinnolit GmbH & Co. KG filed patent application for
process for the polymerization of vinyl-containing monomers. The inventors are
Pfaadt Marcus and Klippert Heinz.
Vinnolit GmbH
& Co. KG filed the patent application on July 3, 2007. The patent
application number is 1008/MUMNP/2007 A. The international classification
numbers are B01J19/18 and C08F2/00.
According to the
Controller General of Patents, Designs & Trade Marks, "The invention
relates to a process for the polymerization of monomeric vinyl Halides in a polymerization
reactor, especially using a flow-through cooler, and to a polymerization
reactor for carrying out the process according to the invention. As a result,
the space-time yield (STY) of an exothermal reaction can be substantially
improved whilst the product quality remains almost the same."
About the Company
Vinnolit GmbH
& Co. KG produces and markets polyvinyl chloride (PVC) products for
medical, building and construction, and automotive industries in Europe and
internationally. The company offers homopolymeric emulsion PVC, co-polymeric
emulsion PVC, microsuspension PVC, graft copolymers, and homopolymeric and
co-polymeric extender resin.
Vinnolit GmbH
& Co. KG Files Patent Application for Process for the Polymerisation of Vinyl-Containing
Monomers
Indian Patent News
21 February 2011
[What follows is the full text of the article.]
New Delhi, Feb. 21
-- Germany based Vinnolit GmbH & Co. KG filed patent application for
process for the polymerisation of vinyl-containing monomers. The inventors are
Woike Ulrich, Toepfer Alexander, Klippert Heinz and Keil Detlev.
Vinnolit GmbH
& Co. KG filed the patent application on April 7, 2007. The patent
application number is 1018/MUMNP/2007 A. The international classification
numbers are B01J19/18 and C08F2/00.
According to the
Controller General of Patents, Designs & Trade Marks, "The invention
relates to a process for the polymerisation of monomeric vinyl halides in a
polymerisation reactor, especially using a reflux condenser, and also to a
polymerisation reactor for carrying out the process according to the invention.
As a result, the space-time yield (STY) of an exothermal reaction can be
substantially improved whilst the product quality almost the same."
Vinnolit GmbH
& Co. KG produces and markets polyvinyl chloride (PVC) products for
medical, building and construction, and automotive industries in Europe and
internationally. The company offers homopolymeric emulsion PVC, co-polymeric
emulsion PVC, microsuspension PVC, graft copolymers, and homopolymeric and
co-polymeric extender resin.
Wacker Polymer
Systems GmbH & Co. KG and Vinnolit GmbH & Co. KG File Patent
Application for Process for the Preparation of Thermally Stable Vinyl Chloride
Copolymers
Indian Patent News
14 February 2011
[What follows is the full text of the article.]
New Delhi, Feb. 14
-- Germany based Wacker Polymer Systems GmbH & Co. KG and Vinnolit GmbH
& Co. KG filed patent application for process for the preparation of
thermally stable vinyl chloride copolymers. The inventors are Kaiser Stephen,
Hohenadel Robert, Weber Karl, Zenk Franz and Strohmeier Claudia.
Wacker Polymer
Systems GmbH & Co. KG and Vinnolit GmbH & Co. KG filed the patent
application on Sept. 5, 2005. The patent application number is 2154/CHENP/2005
A. The international classification number is C08F 214/06.
According to the
Controller General of Patents, Designs & Trade Marks, "The invention
relates to vinyl chloride mixed polymers which can be obtained by means of the radically
initiated polymerisation of a mixture of vinyl chloride, vinyl monomers
containing epoxide, and other comonomers which can be copolymerised therewith.
Said mixed polymers are characterised in that a) between 49.5 and 90 wt. %
vinyl chloride, b) between 0.01 and 0.7 wt. % vinyl monomers containing
epoxide, and c) between 9.5 and 50 wt. % of other comonomers which can be
copolymerised with a) and b) are polymerised. According to the invention, the
amounts in wt. % are added together to equal 100 wt. %, and, optionally during
or following the polymerisation, between 0.001 and 0.1 wt. % of at least one
carboxylic acid is added from the group containing aliphatic and alicyclic,
saturated and unsaturated dicarboxylic acids containing between 1 and 10 C atoms,
and aliphatic and alicyclic, saturated and unsaturated hydroxymonocarboxylic,
hydroxydicarboxylic, and hydroxytricarboxylic acids containing between 3 and
10C atoms and between 1 and 4 hydroxy groups."
Uhde GmbH and
Vinnolit GmbH & Co. KG File Patent Application for Method of Operating a
Distillation Column for Purifying 1,2- Dichloromethane and for Coupled Sodium
Hydroxide Solution Evaporative Concentration
Indian Patent News
18 October 2010
[What follows is the full text of the article.]
New Delhi, Oct. 18
-- Germany based Uhde GmbH and Vinnolit GmbH & Co. KG filed patent
application for method of operating a distillation column for purifying 1,2-
dichloromethane and for coupled sodium hydroxide solution evaporative
concentration. The inventors are Petersen Sven, Benje Michael and Kammerhofer
Peter.
Uhde GmbH and
Vinnolit GmbH & Co. KG filed the patent application on March 14, 2008. The
patent application number is 1266/CHENP/2008 A. The International
classification number is C07C17/02.
According to the
Controller General of Patents, Designs & Trade Marks, "Process for
operating a distillation column for the removal of water and lower-boiling
components than 1,2-dichloroethane from 1,2- dichloromethane in which at least
part of the heat from condensation of the aqueous vapours from the distillation
column is used to concentrate caustic soda solution by evaporation;
furthermore, at least part of the 1,2-dichloroethane formed when chlorine and
ethylene react in a direct chlorination unit is used to heat said distillation
column and can subsequently also be used as a heat transfer fluid to
concentrate caustic soda solution by evaporation."
Uhde promises to
meet these demands, It also orientates it's strategy towards expanding our
presence on international markets and to adopting innovative new processes to
boost our existing technology portfolio.In addition, Uhde has also invested in
yet more on-site competence in the form of subsidiaries and international
partnerships which enable us to keep up with the ever-increasing number of
customers on the world market. Uhde's special brand of corporate performance
and efficiency is based on the fact that the company can offer complete
production lines in many technological fields and has consequently accumulated
a wealth of experience in dealing with process-related tasks.
Vinnolit GmbH
& Co. KG is one of the leading PVC manufacturers in Europe and, worldwide,
is the market and technical leader in specialty PVC.
Annual profit & loss
|
|
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
|
Period Length |
12 Months |
12 Months |
12 Months |
|
Filed Currency |
EUR |
EUR |
EUR |
|
Exchange Rate (Period
Average) |
0.719047 |
0.683679 |
0.730637 |
|
Consolidated |
No |
No |
No |
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|
|
|
|
Total income |
899.7 |
1,238.0 |
1,116.6 |
|
Raw materials and services |
570.2 |
859.1 |
724.5 |
|
Net sales |
899.7 |
1,238.0 |
1,116.6 |
|
Change in stock |
-23.0 |
-9.1 |
31.3 |
|
Own work capitalised |
1.5 |
1.8 |
0.4 |
|
Other operating income |
11.6 |
34.7 |
5.8 |
|
Raw materials and consumables employed |
570.2 |
859.1 |
724.5 |
|
Cost of goods sold |
570.2 |
859.1 |
724.5 |
|
Cost of raw materials |
570.2 |
859.1 |
724.5 |
|
Taxes and social security costs |
27.3 |
30.3 |
25.5 |
|
Total payroll costs |
128.5 |
128.0 |
134.3 |
|
Fixed asset depreciation and amortisation |
63.1 |
53.3 |
59.6 |
|
Other operating costs |
341.5 |
413.6 |
380.1 |
|
Net operating income |
-42.7 |
18.3 |
45.7 |
|
Interest received from loans |
- |
3.6 |
2.1 |
|
Income received from associated companies |
- |
1.1 |
- |
|
Other income |
- |
6.3 |
5.9 |
|
Interest payable on loans |
- |
31.9 |
40.2 |
|
Other expenses |
- |
0.1 |
- |
|
Total expenses |
- |
21.0 |
32.1 |
|
Profit before tax |
-73.2 |
-2.7 |
13.5 |
|
Provisions |
87.3 |
76.3 |
90.7 |
|
Other taxes |
5.6 |
7.9 |
1.9 |
|
Total taxation |
2.5 |
0.7 |
4.0 |
|
Net profit |
- |
- |
7.6 |
|
Net loss |
-81.3 |
-11.3 |
- |
Annual Balance Sheet
Financials in: USD
(mil)
|
|
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
|
Filed Currency |
EUR |
EUR |
EUR |
|
Exchange Rate |
0.696986 |
0.719399 |
0.683971 |
|
Consolidated |
No |
No |
No |
|
|
|
|
|
|
Capital reserves |
22.0 |
21.3 |
22.4 |
|
Profits for the year |
-4.6 |
76.7 |
92.0 |
|
Total stockholders equity |
17.4 |
98.1 |
114.4 |
|
Deferred taxation |
- |
- |
5.1 |
|
Other provisions |
50.8 |
38.1 |
59.7 |
|
Provision for pensions |
37.3 |
34.5 |
32.1 |
|
Provisions and allowances |
90.1 |
72.5 |
96.9 |
|
Other debentures |
514.7 |
475.4 |
428.2 |
|
Advance payments |
0.0 |
- |
- |
|
Trade accounts payable |
4.5 |
- |
- |
|
Owing to group/associated companies |
- |
0.1 |
- |
|
Taxes and social security |
0.1 |
0.0 |
- |
|
Total long-term liabilities |
519.3 |
475.5 |
428.2 |
|
Trade creditors |
77.9 |
79.9 |
102.3 |
|
Advances received |
0.6 |
- |
- |
|
Other loans |
13.6 |
7.1 |
6.4 |
|
Taxation and social security |
3.7 |
6.0 |
8.9 |
|
Due to group companies |
8.6 |
23.8 |
38.4 |
|
Owing to participants |
18.8 |
42.5 |
27.5 |
|
Total current liabilities |
123.2 |
159.2 |
183.6 |
|
Total liabilities (including net worth) |
750.0 |
805.3 |
823.1 |
|
Patents |
- |
0.1 |
0.3 |
|
Goodwill |
- |
4.6 |
6.7 |
|
Intangibles |
3.4 |
4.7 |
7.0 |
|
Land and buildings |
- |
50.6 |
53.4 |
|
Machinery and tools |
- |
161.9 |
215.8 |
|
Fixtures and equipment |
- |
50.6 |
53.4 |
|
Fixed assets under construction |
- |
155.4 |
67.5 |
|
Total tangible fixed assets |
381.7 |
370.3 |
340.2 |
|
Shares held in associated companies |
- |
24.2 |
13.5 |
|
Participating interest |
- |
29.6 |
26.3 |
|
Total financial assets |
72.2 |
69.9 |
51.3 |
|
Loans to associated companies |
- |
16.1 |
11.6 |
|
Total non-current assets |
457.2 |
445.0 |
398.5 |
|
Raw materials |
4.7 |
5.7 |
8.6 |
|
Work in progress |
62.0 |
94.9 |
118.3 |
|
Net stocks and work in progress |
66.8 |
100.7 |
126.9 |
|
Trade debtors |
102.1 |
103.4 |
131.6 |
|
Other receivables |
54.6 |
49.3 |
56.5 |
|
Total receivables |
158.0 |
155.1 |
199.6 |
|
Owing from associated companies |
1.3 |
2.4 |
11.5 |
|
Cash and liquid assets |
62.6 |
104.2 |
39.1 |
|
Marketable securities |
0.0 |
0.0 |
58.5 |
|
Short-term investments |
0.0 |
0.0 |
58.5 |
|
Total current assets |
287.4 |
360.0 |
424.1 |
|
Prepaid expenses and deferred costs |
5.3 |
0.4 |
0.5 |
|
Total assets |
750.0 |
805.3 |
823.1 |
Annual Ratios
Financials in: USD
(mil)
|
|
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
|
Period Length |
12 Months |
12 Months |
12 Months |
|
Filed Currency |
EUR |
EUR |
EUR |
|
Exchange Rate |
0.696986 |
0.719399 |
0.683971 |
|
Consolidated |
No |
No |
No |
|
|
|
|
|
|
Current ratio |
23.34 |
22.61 |
23.10 |
|
Acid test ratio |
17.91 |
16.29 |
16.19 |
|
Total liabilities to net worth |
3.70% |
0.65% |
0.53% |
|
Net worth to total assets |
0.00% |
0.01% |
0.01% |
|
Current liabilities to net worth |
0.71% |
0.16% |
0.16% |
|
Current liabilities to stock |
0.18% |
0.16% |
0.14% |
|
Fixed assets to net worth |
2.63% |
0.45% |
0.35% |
|
Collection period |
402.00 |
321.00 |
402.00 |
|
Stock turnover rate |
0.72 |
0.86 |
1.06 |
|
Profit margin |
-0.01% |
0.00% |
0.00% |
|
Return on assets |
-0.01% |
0.00% |
0.01% |
|
Shareholders' return |
-0.48% |
-0.01% |
0.01% |
|
Sales per employee |
49.31 |
62.42 |
59.81 |
|
Profit per employee |
-4.45 |
-0.57 |
0.41 |
|
Average wage per employee |
7.04 |
6.45 |
7.19 |
|
Net worth |
17.4 |
98.1 |
114.4 |
|
Number of employees |
1,312 |
1,356 |
1,364 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.96 |
|
UK Pound |
1 |
Rs.73.94 |
|
Euro |
1 |
Rs.64.56 |
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.