MIRA
INFORM REPORT
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Report Date : |
15.12.2011 |
IDENTIFICATION DETAILS
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Name : |
WAGNER MAGNETE GMBH & CO. KG |
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Registered Office : |
Obere Strasse 15 Heimertingen, 87751 |
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Country : |
Germany |
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Financials (as on) : |
30.09.2009 |
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Date of Incorporation : |
05.10.2000 |
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Com. Reg. No.: |
8059 |
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Legal Form : |
Private Independent |
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Line of Business : |
Manufacture of instruments and appliances for measuring, checking, testing, navigating and other purposes, except industrial process control equipment |
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No. of Employees : |
150 |
RATING & COMMENTS
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MIRAs 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 : |
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 September 30, 2011
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Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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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 address
Wagner Magnete GmbH & Co. KG
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Business
Description
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Founded in 1935, Wagner Magnete GmbH & Co. KG is a provider of
demagnetising units and magnetic clamping devices. The company offers a range
of magnetic pulleys and belt separators. It also provides rotating magnetic drums
and electrically switchable magnet systems. The company offers various
capacitor-controlled demagnetising units for industrial applications. In
addition, it provides lifting magnets used for the loading and transportation
of heavyweight steel products. The company offers electromagnetic systems
that feature exchangeable conductive poles. It provides magnetic pulleys for
separating ferrous and non-ferrous materials. The company additionally offers
several electronic metal detectors. |
Industry
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Industry |
Scientific and Technical Instruments |
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ANZSIC 2006: |
2419 - Other Professional and Scientific
Equipment Manufacturing |
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NACE 2002: |
3320 - Manufacture of instruments and appliances
for measuring, checking, testing, navigating and other purposes, except
industrial process control equipment |
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NAICS 2002: |
334513 - Instrument's and Related Products
Manufacturing for Measuring, Displaying, and Controlling Industrial Process
Variable |
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UK SIC 2003: |
3320 - Manufacture of instruments and
appliances for measuring, checking, testing, navigating and other purposes,
except industrial process control equipment |
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US SIC 1987: |
3829 - Measuring and Controlling Devices, Not
Elsewhere Classified |
1 - Profit &
Loss Item Exchange Rate: USD 1 = EUR 0.7397102
2 - Balance Sheet Item Exchange Rate: USD 1 = EUR 0.6841349
Corporate Overview
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Annual Profit & Loss
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30-Sep-2009 |
30-Sep-2008 |
30-Sep-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) |
0.73971 |
0.666382 |
0.752073 |
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Consolidated |
No |
No |
No |
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Taxes and social security costs |
1.5 |
1.8 |
1.5 |
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Total payroll costs |
8.5 |
10.3 |
8.7 |
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Fixed asset depreciation and amortisation |
0.5 |
0.5 |
0.5 |
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Other operating costs |
5.8 |
6.8 |
5.9 |
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Net operating income |
1.2 |
2.5 |
2.4 |
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Income received from associated companies |
0.0 |
0.0 |
0.0 |
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Other income |
0.0 |
0.1 |
0.0 |
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Interest payable on loans |
0.4 |
0.3 |
0.2 |
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Other expenses |
- |
0.0 |
- |
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Total expenses |
0.4 |
0.2 |
0.2 |
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Profit before tax |
0.8 |
2.3 |
2.2 |
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Provisions |
3.7 |
5.3 |
4.8 |
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Extraordinary expenses |
- |
- |
0.1 |
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Extraordinary result |
- |
- |
-0.1 |
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Other taxes |
0.0 |
0.0 |
0.0 |
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Total taxation |
0.1 |
0.3 |
0.4 |
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Net profit |
0.6 |
2.0 |
1.7 |
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Annual Balance
Sheet |
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Financials in:
USD (mil) |
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30-Sep-2009 |
30-Sep-2008 |
30-Sep-2007 |
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Filed Currency |
EUR |
EUR |
EUR |
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Exchange Rate |
0.684135 |
0.711921 |
0.703161 |
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Consolidated |
No |
No |
No |
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Total stockholders equity |
2.2 |
2.1 |
2.1 |
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Deferred taxation |
0.0 |
0.0 |
- |
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Other provisions |
1.4 |
2.4 |
5.1 |
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Provision for pensions |
2.5 |
2.5 |
- |
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Provisions and allowances |
4.0 |
4.9 |
5.1 |
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Other debentures |
1.9 |
0.4 |
0.7 |
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Taxes and social security |
3.4 |
3.4 |
2.6 |
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Total long-term liabilities |
5.2 |
3.8 |
3.3 |
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Trade creditors |
0.3 |
1.0 |
- |
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Advances received |
0.4 |
0.9 |
- |
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Other loans |
0.3 |
0.4 |
0.3 |
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Taxation and social security |
1.3 |
1.5 |
2.2 |
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Total current liabilities |
2.2 |
3.8 |
2.5 |
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Total liabilities (including net worth) |
13.6 |
14.6 |
13.0 |
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Patents |
0.0 |
0.0 |
0.1 |
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Intangibles |
0.0 |
0.0 |
0.1 |
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Land and buildings |
4.7 |
3.0 |
3.1 |
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Machinery and tools |
0.2 |
0.2 |
0.3 |
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Fixtures and equipment |
4.7 |
3.0 |
3.1 |
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Fixed assets under construction |
0.5 |
0.8 |
0.0 |
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Total tangible fixed assets |
6.3 |
4.7 |
3.9 |
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Participating interest |
0.1 |
0.1 |
- |
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Deposits |
0.3 |
0.3 |
- |
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Total financial assets |
0.4 |
0.4 |
0.4 |
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Total non-current assets |
6.7 |
5.2 |
4.5 |
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Raw materials |
2.3 |
2.8 |
- |
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Work in progress |
1.5 |
2.9 |
- |
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Finished goods |
1.0 |
0.9 |
- |
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Net stocks and work in progress |
4.8 |
6.6 |
5.0 |
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Trade debtors |
1.6 |
1.8 |
- |
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Other receivables |
0.2 |
0.2 |
- |
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Total receivables |
1.8 |
2.1 |
2.7 |
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Cash and liquid assets |
0.2 |
0.9 |
0.9 |
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Total current assets |
6.9 |
9.5 |
8.5 |
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Prepaid expenses and deferred costs |
0.0 |
0.0 |
0.0 |
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Total assets |
13.6 |
14.6 |
13.0 |
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Annual Ratios |
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Financials in:
USD (mil) |
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30-Sep-2009 |
30-Sep-2008 |
30-Sep-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 |
0.684135 |
0.711921 |
0.703161 |
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Consolidated |
No |
No |
No |
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Current ratio |
31.66 |
25.11 |
34.82 |
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Acid test ratio |
9.60 |
7.72 |
14.29 |
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Total liabilities to net worth |
0.34% |
0.36% |
0.27% |
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Net worth to total assets |
0.02% |
0.01% |
0.02% |
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Current liabilities to net worth |
0.10% |
0.18% |
0.11% |
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Current liabilities to stock |
0.05% |
0.06% |
0.05% |
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Fixed assets to net worth |
0.31% |
0.24% |
0.21% |
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Return on assets |
0.01% |
0.01% |
0.02% |
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Shareholders' return |
0.03% |
0.09% |
0.08% |
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Profit per employee |
0.33 |
1.00 |
1.07 |
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Average wage per employee |
4.48 |
5.25 |
5.23 |
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Net worth |
2.2 |
2.1 |
2.1 |
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Number of employees |
140 |
131 |
125 |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.53.58 |
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|
1 |
Rs.82.97 |
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Euro |
1 |
Rs.69.89 |
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 |
-- |
This score serves as a reference to assess SCs 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.