MIRA
INFORM REPORT
|
Report Date : |
31.12.2011 |
IDENTIFICATION DETAILS
|
Name : |
H STOLL GMBH & CO KG |
|
|
|
|
Registered Office : |
Postfach 25 44 Reutlingen, 72715 |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.12.2009 |
|
|
|
|
Year of Establishment : |
1873 |
|
|
|
|
Com. Reg. No.: |
350360 |
|
|
|
|
Legal Form : |
Partnership Parent |
|
|
|
|
Line of Business : |
Manufacture of machinery for textile, apparel and leather production |
|
|
|
|
No. of Employees : |
800 |
RATING & COMMENTS
|
MIRAs 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 30, 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 and address
H Stoll GmbH &
Co KG
|
|
|
||||||||||||||||||||||||||||||||||||||||||||
ADMINISTRATION/REUTLINGEN PLANT: Stollweg 1, D 72760, Reutlingen,
Germany
Business Description
|
H.Stoll GmbH & Co.KG is primarily engaged in manufacture of
textile machinery (machines for preparing, producing, extruding, drawing,
texturing or cutting man-made textile fibres, materials or yarns; machines
for preparing textile fibres: cotton gins, bale breakers, garnetters, cotton
spreaders, wool scourers, wool carbonisers, combs, carders, roving frames,
etc.; spinning machines; machines for preparing textile yarns: reelers,
warpers and related machines; weaving machines (looms) including hand looms;
knitting machines; machines for making knotted net, tulle, lace, braid,
etc.); manufacture of auxiliary machines or equipment for textile machinery
(dobbies, Jacquards, automatic stop motions, shuttle changing mechanisms,
spindles and spindle flyers, etc.); manufacture of machinery for fabric
processing (machinery for washing, bleaching, dyeing, dressing, finishing,
coating or impregnating textile fabrics; manufacture of machines for reeling,
unreeling, folding, cutting or pinking textile fabrics); manufacture of
laundry machinery (ironing machines including fusing presses; laundry-type
washing and drying machines; dry cleaning machines); manufacture of sewing
machines, sewing machine heads and sewing machine needles; manufacture of
machines for producing or finishing felt or nonwovens; manufacture of leather
machines (machinery for preparing, tanning or working hides, skins or
leather; and machinery for making or repairing footwear or other articles of
hides, skins, leather or furskins). |
Industry
|
Industry |
Miscellaneous Capital Goods |
|
ANZSIC 2006: |
2469 - Other Specialised Machinery and
Equipment Manufacturing |
|
NACE 2002: |
2954 - Manufacture of machinery for
textile, apparel and leather production |
|
NAICS 2002: |
333292 - Textile Machinery Manufacturing |
|
UK SIC 2003: |
2954 - Manufacture of machinery for
textile, apparel and leather production |
|
US SIC 1987: |
3552 - Textile Machinery |
Key Executives
|
1 - Profit &
Loss Item Exchange Rate: USD 1 = EUR 0.7190468
2 - Balance Sheet Item Exchange Rate: USD 1 = EUR 0.6969855
Corporate Overview
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Corporate Structure News
|
H Stoll GmbH
& Co KG |
|
|
|
|
|
|
|
|
Company Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
|
Parent |
Reutlingen |
Germany |
Miscellaneous Capital Goods |
406.7 |
800 |
|
|
Subsidiary |
WaldmΓΌnchen, Bayern |
Germany |
Electronic Instruments and Controls |
|
95 |
|
|
Subsidiary |
Carpi |
Italy |
Construction and Agriculture Machinery |
18.7 |
32 |
|
|
Subsidiary |
Reutlingen |
Germany |
Consumer Financial Services |
|
6 |
|
|
Subsidiary |
Clamart |
France |
Construction and Agriculture Machinery |
1.1 |
4 |
Executives Report
|
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 |
Yes |
Yes |
Yes |
|
|
|
|
|
|
Total income |
406.7 |
526.8 |
478.4 |
|
Raw materials and services |
201.9 |
259.1 |
213.2 |
|
Net sales |
406.7 |
526.8 |
478.4 |
|
Change in stock |
-8.6 |
2.3 |
9.6 |
|
Own work capitalised |
1.2 |
2.2 |
4.5 |
|
Other operating income |
56.9 |
62.6 |
25.3 |
|
Raw materials and consumables employed |
201.9 |
259.1 |
213.2 |
|
Other external charges |
31.9 |
48.0 |
53.9 |
|
Cost of goods sold |
233.7 |
307.2 |
267.2 |
|
Cost of raw materials |
233.7 |
307.2 |
267.2 |
|
Taxes and social security costs |
14.1 |
16.6 |
13.3 |
|
Total payroll costs |
73.5 |
78.3 |
70.3 |
|
Fixed asset depreciation and amortisation |
9.6 |
11.6 |
12.2 |
|
Other operating costs |
309.9 |
327.1 |
261.9 |
|
Net operating income |
-15.6 |
33.3 |
37.0 |
|
Other income |
1.1 |
3.8 |
3.2 |
|
Interest payable on loans |
9.3 |
13.5 |
11.9 |
|
Total expenses |
8.1 |
9.7 |
8.7 |
|
Profit before tax |
-23.7 |
23.6 |
28.3 |
|
Provisions |
53.7 |
57.0 |
59.7 |
|
Other taxes |
0.2 |
0.5 |
0.3 |
|
Total taxation |
-0.2 |
7.3 |
5.7 |
|
Profit distributed to shareholders |
0.0 |
0.1 |
0.3 |
|
Net profit |
- |
15.9 |
22.6 |
|
Net loss |
-23.8 |
- |
- |
|
|
|
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 |
Yes |
Yes |
Yes |
|
|
|
|
|
|
Other reserves |
27.4 |
20.1 |
22.6 |
|
Total reserves |
27.4 |
20.1 |
22.6 |
|
Profits for the year |
-24.5 |
14.0 |
19.4 |
|
Total stockholders equity |
46.0 |
72.5 |
86.5 |
|
Minority interests |
0.0 |
0.0 |
0.0 |
|
Deferred taxation |
0.3 |
1.5 |
2.7 |
|
Other provisions |
12.2 |
10.7 |
19.1 |
|
Provision for pensions |
43.0 |
42.0 |
41.9 |
|
Provisions and allowances |
55.4 |
54.2 |
63.8 |
|
Other debentures |
58.7 |
54.7 |
39.4 |
|
Trade accounts payable |
0.7 |
1.6 |
3.7 |
|
Taxes and social security |
2.9 |
0.1 |
- |
|
Total long-term liabilities |
62.3 |
56.3 |
43.1 |
|
Trade creditors |
16.4 |
15.3 |
36.6 |
|
Other loans |
58.4 |
91.0 |
48.5 |
|
Taxation and social security |
17.8 |
22.5 |
9.0 |
|
Total current liabilities |
92.6 |
128.8 |
94.1 |
|
Regularisation account |
8.6 |
8.8 |
8.6 |
|
Total liabilities (including net worth) |
299.4 |
357.7 |
338.5 |
|
Patents |
1.2 |
1.5 |
0.7 |
|
Intangibles |
1.2 |
1.5 |
0.7 |
|
Land and buildings |
40.7 |
39.5 |
36.4 |
|
Machinery and tools |
8.1 |
12.6 |
14.7 |
|
Fixtures and equipment |
40.7 |
39.5 |
36.4 |
|
Fixed assets under construction |
9.7 |
5.2 |
6.2 |
|
Total tangible fixed assets |
67.2 |
65.5 |
65.8 |
|
Shares held in associated companies |
0.0 |
0.0 |
- |
|
Total financial assets |
0.0 |
0.6 |
- |
|
Loans to associated companies |
- |
0.6 |
- |
|
Total non-current assets |
68.4 |
67.6 |
66.5 |
|
Net stocks and work in progress |
66.3 |
82.5 |
73.6 |
|
Trade debtors |
111.6 |
111.2 |
134.9 |
|
Other receivables |
28.3 |
32.4 |
35.5 |
|
Total receivables |
139.9 |
143.6 |
170.4 |
|
Cash and liquid assets |
20.1 |
61.1 |
22.0 |
|
Marketable securities |
0.0 |
0.3 |
0.0 |
|
Short-term investments |
0.0 |
0.3 |
0.0 |
|
Recoverable taxation |
3.1 |
0.8 |
4.1 |
|
Total current assets |
226.4 |
287.5 |
266.1 |
|
Prepaid expenses and deferred costs |
1.5 |
1.7 |
1.7 |
|
Total assets |
299.4 |
357.7 |
338.5 |
|
|
|
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 |
Yes |
Yes |
Yes |
|
|
|
|
|
|
Current ratio |
24.46 |
22.32 |
28.28 |
|
Acid test ratio |
17.29 |
15.91 |
20.45 |
|
Total liabilities to net worth |
0.34% |
0.26% |
0.16% |
|
Net worth to total assets |
0.02% |
0.02% |
0.03% |
|
Current liabilities to net worth |
0.20% |
0.18% |
0.11% |
|
Current liabilities to stock |
0.14% |
0.16% |
0.13% |
|
Fixed assets to net worth |
0.15% |
0.09% |
0.08% |
|
Collection period |
971.00 |
810.00 |
964.00 |
|
Stock turnover rate |
1.58 |
1.65 |
1.44 |
|
Profit margin |
-0.01% |
0.00% |
0.00% |
|
Return on assets |
-0.01% |
0.01% |
0.01% |
|
Shareholders' return |
-0.05% |
0.02% |
0.03% |
|
Sales per employee |
30.78 |
36.68 |
35.38 |
|
Profit per employee |
-1.80 |
1.10 |
1.65 |
|
Average wage per employee |
5.56 |
5.45 |
5.20 |
|
Net worth |
46.0 |
72.5 |
86.5 |
|
Number of employees |
950 |
982 |
988 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.26 |
|
|
1 |
Rs.82.10 |
|
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 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.