MIRA INFORM REPORT
|
Report Date : |
17.12.2011 |
IDENTIFICATION DETAILS
|
Name : |
KLINGELNBERG GMBH |
|
|
|
|
Registered Office : |
Peterstrasse 45, Huckeswagen, 42499 |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.03.2010 |
|
|
|
|
Date of Incorporation : |
30.08.1996 |
|
|
|
|
Com. Reg. No.: |
37950 |
|
|
|
|
Legal Form : |
Private Independent Company |
|
|
|
|
Line of Business : |
manufacture
of machine tools for working metal operated by laser |
|
|
|
|
No. of Employees
: |
830 persons |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
Payment
Behaviour : |
No Complaints |
|
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 30th, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
Germany |
a1 |
a1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
Company name & address
Klingelnberg GmbH
Peterstrasse 45
Huckeswagen, 42499
Germany
Tel: +49 (0) 2192 810
Fax: +49 (0) 2192 81200
Web: www.klingelnberg.com
synthesis
Employees: 830
Company Type: Private Independent
Incorporation Date:
30-Aug-1996
Financials in: USD
(Millions)
Fiscal Year End:
31-Mar-2010
Reporting Currency: Euro
Annual Sales: 162.6
Total Assets: 135.2
Business Description
Klingelnberg GmbH is primarily engaged in manufacture of machine tools for working metal operated by laser and the like: machining centres and the like; manufacture of lathes, boring and milling machines for working metals; manufacture of other machine tools for working metal; and manufacture of parts and accessories for metalworking machine-tools.
Industry
Industry Miscellaneous Capital Goods
ANZSIC 2006: 2463 - Machine
Tool and Parts Manufacturing
NACE 2002: 2942 - Manufacture
of other metalworking machine tools
NAICS 2002: 33351 -
Metalworking Machinery Manufacturing
UK SIC 2003: 2942 - Manufacture
of other metalworking machine tools
US SIC 1987: 3545 - Cutting
Tools, Machine Tool Accessories, and Machinists' Precision Measuring Devices
Key Executives
|
Name |
Title |
|
Tomas Kirchenfauth |
Co-Geschaftsfuhrer |
|
Jan Klingelnberg |
Co-Geschaftsfuhrer |
|
Manfred Jung |
Leiter-EDV |
|
Stefan Lang |
Leiter-Personal |
|
Diether Klingelnberg |
Vorsitzender des Aufsichtsrates |
Registered No.(DEU): 37950
1 - Profit & Loss Item Exchange Rate: USD 1 = EUR 0.7086099
2 - Balance Sheet Item Exchange Rate: USD 1 = EUR 0.7390437
Corporate Overview
Location
Peterstrasse 45
Huckeswagen, 42499
Germany
Tel: +49 (0) 2192 810
Fax: +49 (0) 2192 81200
Web: www.klingelnberg.com
Sales EUR(mil): 115.2
Assets EUR(mil): 99.9
Employees: 830
Fiscal Year End: 31-Mar-2010
Industry: Miscellaneous Capital Goods
Incorporation Date: 30-Aug-1996
Company Type: Private Independent
Quoted Status: Not Quoted
Registered No.(DEU): 37950
Co-Geschaftsfuhrer: Tomas
Kirchenfauth
Contents
· Industry Codes
· Business Description
· Financial Data
· Key Corporate Relationships
Industry Codes
ANZSIC 2006 Codes:
2439 - Other Electrical Equipment Manufacturing
2419 - Other Professional and Scientific Equipment Manufacturing
2463 - Machine Tool and Parts Manufacturing
NACE 2002 Codes:
2914 - Manufacture of bearings, gears, gearing and driving
elements
3320 - Manufacture of instruments and appliances for measuring,
checking, testing, navigating and other purposes, except industrial process
control equipment
2942 - Manufacture of other metalworking machine tools
2951 - Manufacture of machinery for metallurgy
NAICS 2002 Codes:
333516 - Rolling Mill Machinery and Equipment Manufacturing
334513 - Instrument's and Related Products Manufacturing for
Measuring, Displaying, and Controlling Industrial Process Variable
33351 - Metalworking Machinery Manufacturing
333613 - Mechanical Power Transmission Equipment Manufacturing
US SIC 1987:
3547 - Rolling Mill Machinery and Equipment
3823 - Industrial Instruments for Measurement, Display, and
Control of Process Variables; and Related Products
3545 - Cutting Tools, Machine Tool Accessories, and Machinists'
Precision Measuring Devices
3568 - Mechanical Power Transmission Equipment, Not Elsewhere
Classified
UK SIC 2003:
2914 - Manufacture of bearings, gears, gearing and driving
elements
3320 - Manufacture of instruments and appliances for measuring,
checking, testing, navigating and other purposes, except industrial process
control equipment
2942 - Manufacture of other metalworking machine tools
2951 - Manufacture of machinery for metallurgy
Business
Description
Klingelnberg GmbH
is primarily engaged in manufacture of machine tools for working metal operated
by laser and the like: machining centres and the like; manufacture of lathes,
boring and milling machines for working metals; manufacture of other machine
tools for working metal; and manufacture of parts and accessories for
metalworking machine-tools.
More Business
Descriptions
Metalworking Machinery Manufacturing
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
Executive report
|
Board of
Directors |
|
|
|
|||
|
Vorsitzender des Aufsichtsrates |
Chairman |
|
Executives |
|
|
|
|
|||
|
Co-Geschaftsfuhrer |
Chief Executive Officer |
|
|||
|
Co-Geschaftsfuhrer |
Chief Executive Officer |
|
|||
|
Co-Geschaftsfuhrer |
Chief Executive Officer |
|
|||
|
Leiter-Personal |
Human Resources Executive |
|
|||
|
Leiter-EDV |
Information Executive |
|
Annual Profit & Loss
|
|
31-Mar-2010 |
31-Mar-2009 |
31-Mar-2008 |
|
Period Length |
12 Months |
12 Months |
12 Months |
|
Filed Currency |
EUR |
EUR |
EUR |
|
Exchange Rate
(Period Average) |
0.70861 |
0.707647 |
0.707132 |
|
Consolidated |
No |
No |
No |
|
|
|
|
|
|
Total income |
162.6 |
239.0 |
180.8 |
|
Raw materials and services |
49.6 |
86.0 |
68.7 |
|
Net sales |
162.6 |
239.0 |
180.8 |
|
Change in stock |
-3.3 |
-4.6 |
15.0 |
|
Own work capitalised |
4.1 |
9.6 |
5.1 |
|
Other operating income |
1.9 |
2.6 |
2.1 |
|
Raw materials and consumables employed |
49.6 |
86.0 |
68.7 |
|
Other external charges |
8.0 |
21.4 |
16.9 |
|
Cost of goods sold |
57.6 |
107.4 |
85.6 |
|
Cost of raw materials |
57.6 |
107.4 |
85.6 |
|
Taxes and social security costs |
10.6 |
11.4 |
9.8 |
|
Total payroll costs |
62.2 |
73.1 |
59.0 |
|
Fixed asset depreciation and amortisation |
10.3 |
7.7 |
6.8 |
|
Other operating costs |
62.7 |
75.9 |
62.4 |
|
Net operating income |
3.9 |
20.4 |
20.5 |
|
Other income |
0.1 |
0.1 |
0.1 |
|
Interest payable on loans |
3.4 |
4.3 |
3.6 |
|
Other expenses |
- |
- |
0.1 |
|
Total expenses |
3.3 |
4.2 |
3.6 |
|
Profit before tax |
0.6 |
16.1 |
16.9 |
|
Provisions |
42.5 |
37.6 |
34.7 |
|
Extraordinary expenses |
- |
0.4 |
- |
|
Extraordinary result |
- |
-0.4 |
- |
|
Other taxes |
0.1 |
0.1 |
0.1 |
|
Total taxation |
0.2 |
5.5 |
5.2 |
|
Net profit |
0.3 |
10.1 |
11.6 |
Annual Balance Sheet
Financials in: USD (mil)
|
|
31-Mar-2010 |
31-Mar-2009 |
31-Mar-2008 |
|
Filed Currency |
EUR |
EUR |
EUR |
|
Exchange Rate |
0.739044 |
0.753182 |
0.631094 |
|
Consolidated |
No |
No |
No |
|
|
|
|
|
|
Issued capital |
20.8 |
20.4 |
24.3 |
|
Capital reserves |
13.7 |
13.5 |
16.1 |
|
Profits for the year |
19.0 |
18.3 |
10.5 |
|
Total stockholders equity |
53.4 |
52.1 |
50.9 |
|
Deferred taxation |
0.9 |
1.0 |
7.4 |
|
Other provisions |
28.9 |
23.7 |
19.0 |
|
Provision for pensions |
10.9 |
10.6 |
12.5 |
|
Provisions and allowances |
40.8 |
35.3 |
38.9 |
|
Other debentures |
10.9 |
12.9 |
18.1 |
|
Owing to group/associated companies |
10.8 |
10.6 |
13.1 |
|
Total long-term liabilities |
21.7 |
23.6 |
31.2 |
|
Trade creditors |
10.4 |
9.2 |
14.4 |
|
Advances received |
2.5 |
4.4 |
8.8 |
|
Other loans |
2.3 |
4.2 |
6.6 |
|
Taxation and social security |
2.2 |
5.8 |
2.5 |
|
Due to group companies |
1.8 |
24.7 |
29.5 |
|
Total current liabilities |
19.2 |
48.3 |
61.9 |
|
Total liabilities (including net worth) |
135.2 |
159.3 |
182.9 |
|
Patents |
1.0 |
1.5 |
2.0 |
|
Goodwill |
0.1 |
0.1 |
0.2 |
|
Intangibles |
1.1 |
1.6 |
2.2 |
|
Land and buildings |
33.6 |
33.7 |
38.6 |
|
Machinery and tools |
24.6 |
23.2 |
15.2 |
|
Fixtures and equipment |
33.6 |
33.7 |
38.6 |
|
Fixed assets under construction |
0.0 |
4.4 |
4.0 |
|
Total tangible fixed assets |
63.7 |
67.0 |
62.4 |
|
Shares held in associated companies |
- |
0.0 |
0.0 |
|
Deposits |
0.0 |
0.0 |
0.0 |
|
Total financial assets |
0.0 |
0.0 |
0.1 |
|
Total non-current assets |
64.8 |
68.7 |
64.6 |
|
Net stocks and work in progress |
43.3 |
51.6 |
68.6 |
|
Trade debtors |
22.3 |
32.4 |
40.6 |
|
Other receivables |
2.2 |
3.7 |
4.3 |
|
Total receivables |
26.5 |
38.4 |
48.2 |
|
Owing from associated companies |
2.0 |
2.4 |
3.3 |
|
Cash and liquid assets |
0.3 |
0.3 |
0.9 |
|
Total current assets |
70.1 |
90.3 |
117.7 |
|
Prepaid expenses and deferred costs |
0.3 |
0.4 |
0.6 |
|
Total assets |
135.2 |
159.3 |
182.9 |
Annual Ratios
Financials in: USD (mil)
|
|
31-Mar-2010 |
31-Mar-2009 |
31-Mar-2008 |
|
Period Length |
12 Months |
12 Months |
12 Months |
|
Filed Currency |
EUR |
EUR |
EUR |
|
Exchange Rate |
0.739044 |
0.753182 |
0.631094 |
|
Consolidated |
No |
No |
No |
|
|
|
|
|
|
Current ratio |
36.43 |
18.70 |
19.01 |
|
Acid test ratio |
13.92 |
8.01 |
7.94 |
|
Total liabilities to net worth |
0.08% |
0.14% |
0.18% |
|
Net worth to total assets |
0.04% |
0.03% |
0.03% |
|
Current liabilities to net worth |
0.04% |
0.09% |
0.12% |
|
Current liabilities to stock |
0.04% |
0.09% |
0.09% |
|
Fixed assets to net worth |
0.12% |
0.13% |
0.13% |
|
Collection period |
522.00 |
526.00 |
730.00 |
|
Stock turnover rate |
2.78 |
2.30 |
3.38 |
|
Profit margin |
0.00% |
0.00% |
0.01% |
|
Return on assets |
0.00% |
0.01% |
0.01% |
|
Shareholders' return |
0.00% |
0.02% |
0.03% |
|
Sales per employee |
13.88 |
20.43 |
17.40 |
|
Profit per employee |
0.03 |
0.90 |
1.12 |
|
Average wage per employee |
5.31 |
6.25 |
5.68 |
|
Net worth |
53.4 |
52.1 |
50.9 |
|
Number of employees |
830 |
828 |
735 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.52.81 |
|
UK Pound |
1 |
Rs.82.00 |
|
Euro |
1 |
Rs.68.81 |
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.