MIRA
INFORM REPORT
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Report Date : |
10.08.2011 |
IDENTIFICATION DETAILS
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Name : |
KUNKEL-WAGNER PROZESSTECHNOLOGIE GMBH |
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Registered Office : |
Hannoversche Strasse 59 Alfeld (Leine), 31061 |
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Country : |
Germany |
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Financials (as on) : |
31.12.2009 |
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Date of Incorporation : |
24.06.1994 |
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Com. Reg. No.: |
110158 |
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Legal Form : |
Private Independent |
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Line of Business : |
Other Machinery and Equipment Manufacturing Not Elsewhere Classified |
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 : |
Usually Correct |
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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 |
Company name and
Kunkel-Wagner Prozesstechnologie GmbH
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Business Description |
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Founded in 1907, Kuenkel-Wagner Prozesstechnologie GmbH specialises in
the production of foundry equipment. The company offers turntable- and flask
operating-moulded machines for compaction processes and medium- and
high-speed moulding plants. It provides process control systems, rotary
mixers and belt bucket elevators. The company processes control and
visualisation systems. It develops casting carousels, sand mould castings,
prefabricated cylinders and handling systems. The company offers electronic
process monitoring and electric drive engineering services. It provides
assembly and commissioning solutions. The company offers design management,
installation and after sales services. It undertakes several projects for the
modification and modernisation of plants. The company offers products to
aluminium motor unit manufacturers. It provides consulting, engineering, and
project coordination and management services. The company maintains
semi-automatic moulding and sand preparation and reclamation plants. It
undertakes research, development and fabrication projects. |
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Industry
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Industry |
Miscellaneous Capital Goods |
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ANZSIC 2006: |
2499 - Other Machinery and Equipment
Manufacturing Not Elsewhere Classified |
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NACE 2002: |
2956 - Manufacture of other special
purpose machinery not elsewhere classified |
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NAICS 2002: |
333298 - All Other Industrial Machinery
Manufacturing |
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UK SIC 2003: |
2956 - Manufacture of other special
purpose machinery not elsewhere classified |
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US SIC 1987: |
3559 - Special Industry Machinery, Not
Elsewhere Classified |
Key Executives
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1 - Profit & Loss Item Exchange Rate: USD 1 = EUR 0.7190468
2 - Balance Sheet Item Exchange Rate: USD 1 = EUR 0.6969855
Corporate Overview
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Executives Report
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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 |
50.6 |
55.0 |
56.3 |
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Raw materials and services |
17.7 |
22.1 |
27.3 |
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Net sales |
50.6 |
55.0 |
56.3 |
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Change in stock |
-2.0 |
2.5 |
1.6 |
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Other operating income |
0.5 |
1.2 |
1.2 |
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Raw materials and consumables employed |
17.7 |
22.1 |
27.3 |
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Other external charges |
2.3 |
4.2 |
7.1 |
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Cost of goods sold |
20.0 |
26.4 |
34.4 |
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Cost of raw materials |
20.0 |
26.4 |
34.4 |
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Taxes and social security costs |
3.0 |
3.1 |
3.1 |
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Total payroll costs |
18.4 |
19.1 |
19.2 |
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Fixed asset depreciation and amortisation |
0.4 |
0.5 |
0.5 |
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Other operating costs |
14.5 |
19.3 |
14.3 |
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Net operating income |
3.0 |
3.2 |
-2.1 |
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Interest received from loans |
0.0 |
0.0 |
0.0 |
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Other income |
0.0 |
0.1 |
0.2 |
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Interest payable on loans |
0.8 |
0.8 |
0.3 |
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Total expenses |
0.8 |
0.7 |
0.1 |
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Profit before tax |
2.2 |
2.5 |
-2.2 |
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Extraordinary income |
- |
- |
0.0 |
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Provisions |
5.9 |
4.5 |
3.2 |
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Extraordinary expenses |
- |
- |
2.5 |
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Extraordinary result |
- |
- |
-2.4 |
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Other taxes |
0.0 |
0.0 |
0.0 |
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Total taxation |
0.6 |
0.5 |
-0.3 |
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Net profit |
1.5 |
2.0 |
- |
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Net loss |
- |
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-4.3 |
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Annual Balance
Sheet |
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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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Issued capital |
0.7 |
0.7 |
- |
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Profits for the year |
2.1 |
0.5 |
- |
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Total stockholders equity |
2.8 |
1.2 |
-0.7 |
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Deferred taxation |
0.9 |
0.2 |
0.0 |
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Other provisions |
5.2 |
4.1 |
3.4 |
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Provisions and allowances |
6.1 |
4.3 |
3.4 |
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Other debentures |
1.3 |
1.3 |
1.5 |
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Advance payments |
- |
- |
0.0 |
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Trade accounts payable |
0.0 |
- |
0.0 |
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Taxes and social security |
- |
1.9 |
2.0 |
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Total long-term liabilities |
1.3 |
3.2 |
3.5 |
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Trade creditors |
4.3 |
7.5 |
9.3 |
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Advances received |
- |
9.1 |
4.4 |
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Other loans |
4.2 |
4.4 |
5.8 |
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Taxation and social security |
1.1 |
1.0 |
1.1 |
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Due to group companies |
0.1 |
0.1 |
- |
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Total current liabilities |
9.7 |
22.2 |
20.6 |
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Total liabilities (including net worth) |
21.8 |
30.9 |
26.8 |
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Patents |
0.2 |
0.2 |
0.2 |
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Intangibles |
0.2 |
0.2 |
0.2 |
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Machinery and tools |
0.3 |
0.4 |
0.4 |
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Total tangible fixed assets |
1.0 |
1.1 |
1.4 |
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Shares held in associated companies |
0.2 |
0.2 |
0.2 |
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Total financial assets |
0.2 |
0.2 |
0.2 |
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Total non-current assets |
1.4 |
1.5 |
1.8 |
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Raw materials |
- |
2.8 |
2.7 |
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Work in progress |
- |
7.1 |
5.0 |
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Finished goods |
- |
0.0 |
0.0 |
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Prepayments |
- |
1.4 |
0.8 |
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Net stocks and work in progress |
4.9 |
11.4 |
8.5 |
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Trade debtors |
8.1 |
11.3 |
8.3 |
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Other receivables |
1.8 |
1.9 |
1.3 |
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Total receivables |
10.4 |
14.5 |
10.3 |
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Owing from associated companies |
0.5 |
1.4 |
0.6 |
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Cash and liquid assets |
4.7 |
3.2 |
6.1 |
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Marketable securities |
0.5 |
0.3 |
0.2 |
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Short-term investments |
0.5 |
0.3 |
0.2 |
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Total current assets |
20.4 |
29.3 |
25.0 |
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Prepaid expenses and deferred costs |
0.1 |
0.1 |
- |
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Total assets |
21.8 |
30.9 |
26.8 |
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Annual Ratios |
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Financials in:
USD (mil) |
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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 |
0.696986 |
0.719399 |
0.683971 |
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Consolidated |
No |
No |
No |
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Current ratio |
21.15 |
13.23 |
12.15 |
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Acid test ratio |
16.10 |
8.10 |
8.00 |
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Total liabilities to net worth |
0.39% |
2.11% |
-3.37% |
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Net worth to total assets |
0.01% |
0.00% |
0.00% |
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Current liabilities to net worth |
0.34% |
1.84% |
-2.88% |
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Current liabilities to stock |
0.20% |
0.20% |
0.24% |
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Fixed assets to net worth |
0.05% |
0.12% |
-0.25% |
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Collection period |
566.00 |
785.00 |
507.00 |
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Stock turnover rate |
0.93 |
2.17 |
1.42 |
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Profit margin |
0.00% |
0.00% |
-0.01% |
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Return on assets |
0.01% |
0.01% |
-0.02% |
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Shareholders' return |
0.06% |
0.16% |
0.65% |
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Sales per employee |
13.69 |
15.36 |
16.72 |
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Profit per employee |
0.42 |
0.55 |
-0.57 |
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Average wage per employee |
4.98 |
5.32 |
5.69 |
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Net worth |
2.8 |
1.2 |
-0.7 |
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Number of employees |
266 |
245 |
246 |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.45.17 |
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1 |
Rs.73.72 |
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Euro |
1 |
Rs.64.26 |
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 |
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.