MIRA INFORM REPORT

 

 

Report Date :           

24.12.2011

 

IDENTIFICATION DETAILS

 

Name :

GEBR. PFEIFFER SE

 

 

Registered Office :

Postfach 30 80, Kaiserslautern, 67618

 

 

Country :

Germany

 

 

Financials (as on) :

30.06.2010

 

 

Date of Incorporation :

01.01.1921

 

 

Com. Reg. No.:

31096

 

 

Legal Form :

Public Independent Company

 

 

Line of Business :

Manufacture of machinery for a wide range of industries including the cement, gypsum, lime, coal, phosphate, ceramic and refractory industries

 

 

No. of Employees :

380 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

 

Gebr. Pfeiffer SE

Postfach 30 80

Kaiserslautern, 67618

Germany

Tel:       49 (631) 41 61-0

Fax:      49 (631) 41 61-191

Web:    www.gpse.com

           

 

Synthesis

 

Employees:                  380

Company Type:            Public Independent

Incorporation Date:         01-Jan-1921     

Financials in:                 USD (Millions)

Fiscal Year End:            30-Jun-2010

Reporting Currency:       Euro

Annual Sales:               188.7

Total Assets:                166.1

 

 

Business Description

 

Manufacture of machinery for a wide range of industries including the cement, gypsum, lime, coal, phosphate, ceramic and refractory industries

 

Industry

Industry            Miscellaneous Capital Goods

ANZSIC 2006:    2469 - Other Specialised Machinery and Equipment Manufacturing

NACE 2002:      2924 - Manufacture of other general purpose machinery not elsewhere classified

NAICS 2002:     333298 - All Other Industrial Machinery Manufacturing

UK SIC 2003:    2924 - Manufacture of other general purpose machinery not elsewhere classified

US SIC 1987:    3559 - Special Industry Machinery, Not Elsewhere Classified

 

           


Key Executives   

 

Name

Title

Otto Jung

Geschaftsfuhrer

Gerold Keune

Manager

Walter Erich Krause

Vorsitzender

Wilhelm Neubauer

stellv Vorsitzender

Hinrich Mahlmann

Member of the board of directors

 

Registered No.(DEU): 31096

 

1 - Profit & Loss Item Exchange Rate: USD 1 = EUR 0.7214831

2 - Balance Sheet Item Exchange Rate: USD 1 = EUR 0.8163932

 

 

Corporate Overview

 

Location

Postfach 30 80

Kaiserslautern, 67618

Germany

Tel:       49 (631) 41 61-0

Fax:      49 (631) 41 61-191

Web:    www.gpse.com

           

Sales EUR(mil):             136.1

Assets EUR(mil):           135.6

Employees:                   380

Fiscal Year End:            30-Jun-2010

Industry:                        Miscellaneous Capital Goods

Incorporation Date:         01-Jan-1921

Company Type:             Public Independent

Quoted Status:              Not Quoted

Previous Name: Gebr.    Pfeiffer AG

Registered No.(DEU):     31096

Geschaftsfuhrer             Otto Jung

 

Contents

·         Industry Codes

·         Business Description

·         Financial Data

·         Subsidiaries

·         Key Corporate Relationships

 

Industry Codes

 

ANZSIC 2006 Codes:

2469     -          Other Specialised Machinery and Equipment Manufacturing

 

NACE 2002 Codes:

2924     -          Manufacture of other general purpose machinery not elsewhere classified

 

NAICS 2002 Codes:

333298  -          All Other Industrial Machinery Manufacturing

 

US SIC 1987:

3559     -          Special Industry Machinery, Not Elsewhere Classified

 

UK SIC 2003:

2924     -          Manufacture of other general purpose machinery not elsewhere classified

 

Business Description

Manufacture of machinery for a wide range of industries including the cement, gypsum, lime, coal, phosphate, ceramic and refractory industries

 

More Business Descriptions

Gebr. Pfeiffer SE is primarily engaged in architectural activities; urban planning and landscape architectural activities; quantity surveying activities; engineering consultative and design activities; engineering related scientific and technical consulting activities; and other engineering activities.

 

Financial Data

Financials in:

EUR(mil)

 

Revenue:

136.1

Assets:

135.6

Current Assets:

124.0

 

Total Liabilities:

135.6

 

Issued Capital:

6.0

 

Net Worth:

50.5

 

 

 

Date of Financial Data:

30-Jun-2010

 

1 Year Growth

-11.3%

NA

Subsidiaries

Company

Percentage Owned

Country

Oskar- und Helene-Pfeiffer-Stiftung Gesellschaft mit beschränkter Haftung

 

Germany

Gebr. Pfeiffer (India) PVT. LTD

 

India

International Ceramic Products Inc

 

United States of America

Gebr. Pfeiffer, Inc.

 

United States of America

Oskar und Helene Pfeiffer-Stiftung GmbH

100%

GERMANY

ICP International Ceramic Products Inc

100%

USA

Gebr Pfeiffer (India) Pvt Ltd

100%

INDIA

 

 

 

 

Key Corporate Relationships

Bank:

Commerzbank, Deutsche Bank AG

 

 

 

 

 

 

 

 

 

 

 

Executive report

 

Board of Directors

 

Name

Title

Function

 

Walter Erich Krause

 

Vorsitzender

Chairman

 

Wilhelm Neubauer

 

stellv Vorsitzender

Chairman

 

Hinrich Mahlmann

 

Member of the board of directors

Director/Board Member

 

 

Executives

 

Name

Title

Function

 

Otto Jung

 

Geschaftsfuhrer

Managing Director

 

Gerold Keune

 

Manager

Administration Executive

 

Eduard Kulenkamp

 

Manager

Administration Executive

 

 

 

Annual Profit & Loss

 

 

30-Jun-2010

30-Jun-2009

30-Jun-2008

Period Length

12 Months

12 Months

12 Months

Filed Currency

EUR

EUR

EUR

Exchange Rate (Period Average)

0.721483

0.731067

0.681859

Consolidated

No

No

No

 

 

 

 

Total income

188.7

210.0

194.0

Raw materials and services

82.2

123.4

106.6

Net sales

188.7

210.0

194.0

Change in stock

-11.0

18.9

9.4

Other operating income

16.0

24.9

4.2

Raw materials and consumables employed

82.2

123.4

106.6

Other external charges

1.8

3.7

3.7

Cost of goods sold

84.0

127.1

110.3

Cost of raw materials

84.0

127.1

110.3

Taxes and social security costs

5.7

6.8

5.5

Total payroll costs

37.6

39.5

36.9

Fixed asset depreciation and amortisation

1.8

1.7

1.7

Other operating costs

59.6

120.0

90.5

Net operating income

40.5

25.5

13.4

Income received from associated companies

0.0

0.0

0.1

Other income

1.8

1.9

1.6

Interest payable on loans

0.5

0.1

0.1

Other expenses

0.1

0.4

0.2

Total expenses

-1.2

-1.5

-1.4

Profit before tax

41.7

27.0

14.7

Provisions

68.5

77.3

68.1

Other taxes

0.0

0.1

0.0

Total taxation

10.3

6.0

5.1

Net profit

31.3

20.9

9.6

 

Annual Balance Sheet

Financials in: USD (mil)

 

 

 

30-Jun-2010

30-Jun-2009

30-Jun-2008

Filed Currency

EUR

EUR

EUR

Exchange Rate

0.816393

0.712936

0.634699

Consolidated

No

No

No

 

 

 

 

Issued capital

7.3

8.4

9.5

Capital reserves

0.2

0.3

0.3

Legal reserves

0.5

0.6

0.6

Other reserves

39.9

29.1

20.7

Total reserves

40.4

29.7

21.4

Profits for the year

13.9

10.8

8.4

Total stockholders equity

61.9

49.2

39.5

Deferred taxation

10.1

13.3

7.2

Other provisions

45.4

60.1

59.8

Provision for pensions

5.0

5.8

6.2

Provisions and allowances

60.5

79.3

73.2

Trade creditors

5.7

11.6

19.7

Advances received

30.7

43.4

67.5

Taxation and social security

6.0

5.1

4.5

Due to group companies

1.4

0.7

-

Total current liabilities

43.7

60.7

91.7

Total liabilities (including net worth)

166.1

189.2

204.4

Patents

0.4

0.3

0.3

Intangibles

0.4

0.3

0.3

Land and buildings

0.9

1.1

1.2

Machinery and tools

1.1

0.8

1.3

Fixtures and equipment

0.9

1.1

1.2

Fixed assets under construction

0.2

-

-

Total tangible fixed assets

4.6

4.7

5.2

Shares held in associated companies

2.4

2.8

3.1

Participating interest

2.4

2.8

-

Total financial assets

4.8

5.5

3.1

Total non-current assets

9.7

10.5

8.7

Raw materials

5.5

8.2

5.5

Work in progress

29.2

44.6

28.2

Prepayments

1.6

10.9

14.2

Net stocks and work in progress

36.3

63.6

47.9

Trade debtors

29.5

27.1

41.5

Other receivables

4.1

5.0

12.3

Total receivables

33.6

32.1

54.3

Owing from associated companies

-

-

0.5

Cash and liquid assets

59.9

67.4

23.5

Marketable securities

22.0

6.4

64.3

Short-term investments

22.0

6.4

64.3

Recoverable taxation

3.8

8.3

5.5

Total current assets

151.9

169.5

190.1

Prepaid expenses and deferred costs

0.7

0.9

0.1

Total assets

166.1

189.2

204.4

 

Annual Ratios

Financials in: USD (mil)

 

 

 

30-Jun-2010

30-Jun-2009

30-Jun-2008

Period Length

12 Months

12 Months

12 Months

Filed Currency

EUR

EUR

EUR

Exchange Rate

0.816393

0.712936

0.634699

Consolidated

No

No

No

 

 

 

 

Current ratio

34.72

27.92

20.73

Acid test ratio

26.42

17.44

15.50

Total liabilities to net worth

0.07%

0.12%

0.23%

Net worth to total assets

0.04%

0.03%

0.02%

Current liabilities to net worth

0.07%

0.12%

0.23%

Current liabilities to stock

0.12%

0.10%

0.19%

Fixed assets to net worth

0.02%

0.02%

0.02%

Collection period

646.00

460.00

726.00

Stock turnover rate

2.18

2.96

2.30

Profit margin

0.02%

0.01%

0.00%

Return on assets

0.02%

0.01%

0.01%

Shareholders' return

0.04%

0.04%

0.03%

Sales per employee

36.01

40.61

37.57

Profit per employee

5.98

4.05

1.85

Average wage per employee

7.18

7.64

7.15

Net worth

61.9

49.2

39.5

Number of employees

378

378

352

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.52.72

UK Pound

1

Rs.82.71

Euro

1

Rs.68.90

 

 

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%)

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.