MIRA INFORM REPORT
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Report Date : |
24.12.2011 |
IDENTIFICATION DETAILS
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Name : |
LOESCHE GESELLSCHAFT MIT BESCHRĂNKTER HAFTUNG
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Registered Office : |
Hansaallee 243, Dusseldorf, 40549 |
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Country : |
Germany |
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Financials (as on) : |
31.12.2009 |
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Date of Incorporation : |
02.01.1947 |
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Com. Reg. No.: |
13611 |
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Legal Form : |
Private Independent Company |
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Line of Business : |
provides dry grinding plants for the cement,
mineral and power generation industries |
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No. of Employees
: |
275 persons |
RATING & COMMENTS
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MIRA’s Rating : |
A |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Good |
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Payment
Behaviour : |
Regular |
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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 30th, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
Germany |
a1 |
a1 |
|
Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
|
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 & address
LOESCHE Gesellschaft mit beschrĂnkter Haftung
Hansaallee 243
Dusseldorf, 40549
Germany
Tel: +49 (0) 211 53530
Fax: +49 (0) 211 5353500
Synthesis
Employees: 275
Company Type: Private Independent
Incorporation Date:
02-Jan-1947
Financials in: USD
(Millions)
Fiscal Year End:
31-Dec-2009
Reporting Currency: Euro
Annual Sales: 428.4
Total Assets: 272.1
Business Description
Loesche GmbH is a
family-owned, independent company that provides dry grinding plants for the
cement, mineral and power generation industries. It offers a range of
incineration systems for decontamination and thermal plants. The company
operates roller grinding mills for limestone and cement raw materials and
blends. Its mills are also used to grind hard coal, lignite, petroleum, clay
and graphite. The company uses combustion chambers with various burners and
fuels to develop hot gas producer plants. Additionally, it offers plant design,
erection, commissioning and maintenance solutions. The company provides rotary
classifiers that are used for material grinding processes. Its services include
mechanical inspection and plant, machinery and material assessment. The company
conducts audits to analyse clinker grinding processes and production
procedures. In addition, its capabilities include computational fluid dynamics
modelling and field instrument adjustment.
Industry
Industry Construction and Agriculture
Machinery
ANZSIC 2006: 2462 - Mining and Construction Machinery
Manufacturing
NACE 2002: 2952 - Manufacture of machinery for
mining, quarrying and construction
NAICS 2002: 3331 -
Agriculture, Construction, and Mining Machinery Manufacturing
UK SIC 2003: 2952 - Manufacture
of machinery for mining, quarrying and construction
US SIC 1987: 3531 -
Construction Machinery and Equipment
Key Executives
Name Title
Joachim Kirchmann Managing
director
Thomas Loesche Managing
director
News
|
Title |
Date |
|
Australia Patent: Loesche Files
Application for 'Roller mill' |
27-Sep-2011 |
|
Australia: Loesche Receives Patent for
'Roller mill' |
6-Jul-2011 |
|
Australia: Loesche Received Patent for
'Roller mill' |
28-Jun-2011 |
|
Parents decry Phila. district decision to
end full-day kindergarten |
28-Apr-2011 |
|
Australia Patent: Loesche Received Patent
for 'Roller mill' |
4-Mar-2011 |
Registered No.(DEU): 13611
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
Hansaallee 243
Dusseldorf, 40549
Germany
Tel: +49 (0) 211 53530
Fax: +49 (0) 211 5353500
Sales EUR(mil): 308.1
Assets EUR(mil): 189.6
Employees: 275
Fiscal Year End: 31-Dec-2009
Industry: Construction and Agriculture
Machinery
Incorporation Date: 02-Jan-1947
Company Type: Private Independent
Quoted Status: Not Quoted
Registered No.(DEU): 13611
Managing director: Joachim
Kirchmann
Contents
· Industry Codes
· Business Description
· Financial Data
· Subsidiaries
· Key Corporate Relationships
Industry Codes
ANZSIC 2006 Codes:
2462 - Mining and Construction Machinery Manufacturing
2499 - Other Machinery and Equipment Manufacturing Not Elsewhere
Classified
3411 - Agricultural and Construction Machinery Wholesaling
3494 - Other Electrical and Electronic Goods Wholesaling
2452 - Fixed Space Heating, Cooling and Ventilation Equipment
Manufacturing
NACE 2002 Codes:
5182 - Wholesale of mining, construction and civil engineering
machinery
2924 - Manufacture of other general purpose machinery not
elsewhere classified
2923 - Manufacture of non-domestic cooling and ventilation
equipment
5143 - Wholesale of electrical household appliances and radio and
television goods
2952 - Manufacture of machinery for mining, quarrying and
construction
NAICS 2002 Codes:
3331 - Agriculture, Construction, and Mining Machinery
Manufacturing
333415 - Air-Conditioning and Warm Air Heating Equipment and
Commercial and Industrial Refrigeration Equipment Manufacturing
33399 - All Other General Purpose Machinery Manufacturing
423810 - Construction and Mining (except Oil Well) Machinery and
Equipment Merchant Wholesalers
4236 - Electrical and Electronic Goods Merchant Wholesalers
US SIC 1987:
3531 - Construction Machinery and Equipment
3585 - Air-Conditioning and Warm Air Heating Equipment and
Commercial and Industrial Refrigeration Equipment
3569 - General Industrial Machinery and Equipment, Not Elsewhere
Classified
5082 - Construction and Mining (Except Petroleum) Machinery and
Equipment
5064 - Electrical Appliances, Television and Radio Sets
UK SIC 2003:
2952 - Manufacture of machinery for mining, quarrying and
construction
5143 - Wholesale of electrical household appliances and radio and
television goods
5182 - Wholesale of mining, construction and civil engineering
machinery
2924 - Manufacture of other general purpose machinery not
elsewhere classified
2923 - Manufacture of non-domestic cooling and ventilation
equipment
Business
Description
Loesche GmbH is a
family-owned, independent company that provides dry grinding plants for the
cement, mineral and power generation industries. It offers a range of
incineration systems for decontamination and thermal plants. The company
operates roller grinding mills for limestone and cement raw materials and
blends. Its mills are also used to grind hard coal, lignite, petroleum, clay
and graphite. The company uses combustion chambers with various burners and
fuels to develop hot gas producer plants. Additionally, it offers plant design,
erection, commissioning and maintenance solutions. The company provides rotary
classifiers that are used for material grinding processes. Its services include
mechanical inspection and plant, machinery and material assessment. The company
conducts audits to analyse clinker grinding processes and production
procedures. In addition, its capabilities include computational fluid dynamics
modelling and field instrument adjustment.
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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 |
428.4 |
476.4 |
327.3 |
|
Raw materials and services |
341.4 |
355.5 |
226.4 |
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Net sales |
428.4 |
476.4 |
327.3 |
|
Change in stock |
73.8 |
50.6 |
29.9 |
|
Other operating income |
16.8 |
3.3 |
3.1 |
|
Raw materials and consumables employed |
341.4 |
355.5 |
226.4 |
|
Other external charges |
4.5 |
3.6 |
2.2 |
|
Cost of goods sold |
345.8 |
359.2 |
228.6 |
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Cost of raw materials |
345.8 |
359.2 |
228.6 |
|
Taxes and social security costs |
5.5 |
5.4 |
4.1 |
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Total payroll costs |
57.1 |
53.4 |
40.6 |
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Fixed asset depreciation and amortisation |
2.9 |
2.7 |
2.1 |
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Other operating costs |
139.3 |
160.2 |
112.6 |
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Net operating
income |
43.4 |
34.9 |
32.6 |
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Interest received from loans |
12.3 |
16.3 |
9.1 |
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Other income |
1.1 |
2.7 |
1.6 |
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Interest payable on loans |
5.0 |
4.5 |
3.5 |
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Other expenses |
- |
0.4 |
- |
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Total expenses |
-8.5 |
-14.1 |
-7.1 |
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Profit before tax |
51.9 |
49.0 |
39.8 |
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Provisions |
90.3 |
83.9 |
57.7 |
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Other taxes |
0.0 |
0.0 |
0.0 |
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Total taxation |
13.8 |
10.7 |
12.8 |
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Net profit |
38.0 |
38.3 |
27.0 |
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 |
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|
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Issued capital |
10.0 |
9.7 |
10.2 |
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Special reserves |
1.3 |
1.3 |
1.3 |
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Other reserves |
82.1 |
43.1 |
7.5 |
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Total reserves |
83.4 |
44.4 |
8.8 |
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Profits for the year |
39.2 |
36.4 |
43.6 |
|
Total
stockholders equity |
132.7 |
90.6 |
62.7 |
|
Deferred taxation |
5.6 |
0.1 |
10.0 |
|
Other provisions |
81.0 |
73.2 |
44.9 |
|
Provision for pensions |
6.5 |
6.5 |
6.7 |
|
Provisions and allowances |
93.1 |
79.8 |
61.6 |
|
Total long-term
liabilities |
44.8 |
36.4 |
38.1 |
|
Total
liabilities (including net worth) |
272.1 |
209.0 |
164.3 |
|
Patents |
1.0 |
1.1 |
1.2 |
|
Intangibles |
1.0 |
1.1 |
1.2 |
|
Land and buildings |
0.2 |
0.2 |
0.2 |
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Machinery and tools |
1.6 |
1.1 |
0.8 |
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Fixtures and equipment |
0.2 |
0.2 |
0.2 |
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Total tangible
fixed assets |
5.8 |
5.9 |
4.4 |
|
Shares held in associated companies |
2.0 |
1.8 |
1.6 |
|
Total financial
assets |
2.0 |
1.8 |
1.6 |
|
Total
non-current assets |
8.8 |
8.7 |
7.2 |
|
Net stocks and work in progress |
128.4 |
33.7 |
30.3 |
|
Trade debtors |
78.5 |
106.0 |
100.5 |
|
Other receivables |
9.2 |
11.9 |
16.0 |
|
Total
receivables |
88.2 |
119.2 |
118.2 |
|
Owing from associated companies |
0.6 |
1.4 |
1.8 |
|
Cash and liquid assets |
44.9 |
39.2 |
7.0 |
|
Marketable securities |
- |
6.6 |
- |
|
Short-term investments |
1.3 |
7.9 |
1.3 |
|
Other current assets |
1.3 |
1.3 |
1.3 |
|
Total current
assets |
262.8 |
200.0 |
156.9 |
|
Prepaid expenses and deferred costs |
0.5 |
0.3 |
0.3 |
|
Total assets |
272.1 |
209.0 |
164.3 |
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 |
|
|
|
|
|
|
Total liabilities to net worth |
0.03% |
0.04% |
0.06% |
|
Net worth to total assets |
0.05% |
0.04% |
0.04% |
|
Fixed assets to net worth |
0.01% |
0.01% |
0.01% |
|
Collection period |
650.00 |
854.00 |
1,048.00 |
|
Stock turnover rate |
2.91 |
0.74 |
0.87 |
|
Profit margin |
0.01% |
0.01% |
0.01% |
|
Return on assets |
0.02% |
0.02% |
0.02% |
|
Shareholders' return |
0.03% |
0.04% |
0.05% |
|
Net worth |
132.7 |
90.6 |
62.7 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.