MIRA INFORM REPORT
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Report Date : |
14.10.2011 |
IDENTIFICATION DETAILS
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Name : |
SCHOPF MASCHINENBAU GMBH |
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Registered Office : |
Parkstrasse 19-21, Ostfildern, 73760 |
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Country : |
Germany |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
12.06.1948 |
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Com. Reg. No.: |
213851 |
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Legal Form : |
Private Independent Company |
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Line of Business : |
manufacturer and supplier
of vehicles to the mining and aviation industries. |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Moderate |
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Payment
Behaviour : |
Usually Correct |
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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
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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 & address
Schopf Maschinenbau GmbH
Parkstrasse 19-21
Ostfildern, 73760
Germany
Tel: +49 (0) 711 340000
Fax: +49 (0) 711 3411087
Web: www.schopf-gse.com
Synthesis
Employees: 120
Company Type: Private Independent
Incorporation Date:
12-Jun-1948
Financials in: USD
(Millions)
Fiscal Year End:
31-Dec-2010
Reporting Currency: Euro
Annual Sales: 34.9
Total Assets: 22.8
Business Description
Founded in 1948,
SCHOPF Maschinenbau GmbH is a manufacturer and supplier of vehicles to the
mining and aviation industries. The company offers remotely controlled
push-back systems, container pallet loaders and passenger stairs. It provides
conventional tow tractors that feature fully automatic transmission systems for
handling aircraft. The company also offers universal utility and military
aircraft tow tractors. It provides lifting transporters and tunnelling
products. The company additionally offers a range of product design,
documentation and after sales services. It assists its clients with product
maintenance and refurbishment. In addition, the company offers products to
various airlines, ground handling companies and airports.
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: 3532 - Mining
Machinery and Equipment, Except Oil and Gas Field Machinery and Equipment
Key Executives
Name Title
Hermann Bruggemann Managing
director
Registered No.(DEU): 213851
1 - Profit & Loss Item Exchange Rate: USD 1 = EUR 0.7550783
2 - Balance Sheet Item Exchange Rate: USD 1 = EUR 0.7454064
Corporate Overview
Location
Parkstrasse 19-21
Ostfildern, 73760
Germany
Tel: +49 (0) 711 340000
Fax: +49 (0) 711 3411087
Web: www.schopf-gse.com
Sales EUR(mil): 26.4
Assets EUR(mil): 17.0
Employees: 120
Fiscal Year End: 31-Dec-2010
Industry: Construction and Agriculture
Machinery
Incorporation Date: 12-Jun-1948
Company Type: Private Independent
Quoted Status: Not Quoted
Registered No.(DEU): 213851
Managing director: Hermann
Brüggemann
Contents
· Industry Codes
· Business Description
· Financial Data
· Key Corporate Relationships
Industry Codes
ANZSIC 2006 Codes:
2462 - Mining and Construction Machinery Manufacturing
391 - Motor Vehicle Retailing
2399 - Other Transport Equipment Manufacturing Not Elsewhere
Classified
3411 - Agricultural and Construction Machinery Wholesaling
NACE 2002 Codes:
3550 - Manufacture of other transport equipment not elsewhere
classified
2952 - Manufacture of machinery for mining, quarrying and
construction
5182 - Wholesale of mining, construction and civil engineering
machinery
5010 - Sale of motor vehicles
NAICS 2002 Codes:
336999 - All Other Transportation Equipment Manufacturing
4411 - Automobile Dealers
3331 - Agriculture, Construction, and Mining Machinery
Manufacturing
423810 - Construction and Mining (except Oil Well) Machinery and
Equipment Merchant Wholesalers
US SIC 1987:
3799 - Transportation Equipment, Not Elsewhere Classified
5511 - Motor Vehicle Dealers (New and Used)
3532 - Mining Machinery and Equipment, Except Oil and Gas Field
Machinery and Equipment
5082 - Construction and Mining (Except Petroleum) Machinery and
Equipment
UK SIC 2003:
3550 - Manufacture of other transport equipment not elsewhere
classified
2952 - Manufacture of machinery for mining, quarrying and
construction
5182 - Wholesale of mining, construction and civil engineering
machinery
5010 - Sale of motor vehicles
Business
Description
Founded in 1948,
SCHOPF Maschinenbau GmbH is a manufacturer and supplier of vehicles to the
mining and aviation industries. The company offers remotely controlled
push-back systems, container pallet loaders and passenger stairs. It provides
conventional tow tractors that feature fully automatic transmission systems for
handling aircraft. The company also offers universal utility and military
aircraft tow tractors. It provides lifting transporters and tunnelling
products. The company additionally offers a range of product design,
documentation and after sales services. It assists its clients with product
maintenance and refurbishment. In addition, the company offers products to
various airlines, ground handling companies and airports.
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Executive report
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Executives |
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Managing director |
Managing Director |
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Annual Profit & Loss
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31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
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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) |
0.755078 |
0.719047 |
0.683679 |
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Consolidated |
No |
No |
No |
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Total income |
34.9 |
38.6 |
66.0 |
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Raw materials and services |
19.4 |
19.8 |
32.7 |
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Net sales |
34.9 |
38.6 |
66.0 |
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Change in stock |
2.3 |
-3.0 |
-3.9 |
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Other operating income |
0.8 |
1.6 |
0.1 |
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Raw materials and consumables employed |
19.4 |
19.8 |
32.7 |
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Other external charges |
0.2 |
0.2 |
0.2 |
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Cost of goods sold |
19.6 |
20.0 |
32.9 |
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Cost of raw materials |
19.6 |
20.0 |
32.9 |
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Taxes and social security costs |
1.6 |
1.9 |
2.0 |
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Total payroll costs |
9.4 |
9.6 |
10.7 |
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Fixed asset depreciation and amortisation |
0.2 |
0.2 |
0.2 |
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Other operating costs |
18.6 |
13.8 |
26.7 |
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Net operating income |
-0.4 |
0.4 |
5.2 |
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Other income |
0.0 |
0.1 |
0.1 |
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Interest payable on loans |
0.2 |
0.1 |
0.3 |
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Total expenses |
0.1 |
0.0 |
0.2 |
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Profit before tax |
-0.6 |
0.4 |
4.9 |
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Provisions |
5.0 |
4.0 |
6.6 |
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Extraordinary expenses |
0.0 |
- |
- |
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Extraordinary result |
0.0 |
- |
- |
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Other taxes |
0.0 |
0.0 |
0.0 |
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Total taxation |
0.0 |
0.1 |
0.5 |
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Net profit |
- |
0.3 |
4.5 |
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Net loss |
-0.6 |
- |
- |
Annual Balance Sheet
Financials in: USD (mil)
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|
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
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Filed Currency |
EUR |
EUR |
EUR |
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Exchange Rate |
0.745406 |
0.696986 |
0.719399 |
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Consolidated |
No |
No |
No |
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Issued capital |
1.3 |
1.4 |
1.4 |
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Capital reserves |
1.3 |
1.4 |
1.4 |
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Profits for the year |
7.7 |
8.8 |
8.2 |
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Total stockholders equity |
10.3 |
11.7 |
11.0 |
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Deferred taxation |
0.1 |
0.1 |
0.9 |
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Other provisions |
2.7 |
1.5 |
2.8 |
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Provision for pensions |
2.3 |
2.6 |
2.6 |
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Provisions and allowances |
5.1 |
4.2 |
6.2 |
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Trade creditors |
3.1 |
1.9 |
4.1 |
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Advances received |
0.8 |
0.7 |
3.6 |
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Other loans |
1.7 |
0.1 |
0.2 |
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Taxation and social security |
0.5 |
0.6 |
0.8 |
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Due to group companies |
1.3 |
- |
- |
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Total current liabilities |
7.3 |
3.2 |
8.7 |
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Total liabilities (including net worth) |
22.8 |
19.0 |
25.9 |
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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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Machinery and tools |
0.0 |
0.0 |
0.0 |
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Total tangible fixed assets |
0.6 |
0.6 |
0.7 |
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Shares held in associated companies |
0.0 |
- |
- |
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Total financial assets |
0.0 |
- |
- |
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Total non-current assets |
0.6 |
0.7 |
0.8 |
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Raw materials |
7.8 |
7.0 |
6.8 |
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Work in progress |
3.8 |
1.1 |
4.1 |
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Finished goods |
1.0 |
1.6 |
1.5 |
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Prepayments |
0.1 |
0.1 |
0.3 |
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Net stocks and work in progress |
12.7 |
9.7 |
12.7 |
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Trade debtors |
5.7 |
4.8 |
8.4 |
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Other receivables |
0.2 |
0.2 |
0.4 |
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Total receivables |
8.2 |
7.3 |
10.9 |
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Owing from associated companies |
2.3 |
2.2 |
2.1 |
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Cash and liquid assets |
1.2 |
1.3 |
1.5 |
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Total current assets |
22.1 |
18.3 |
25.1 |
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Prepaid expenses and deferred costs |
0.1 |
0.1 |
0.0 |
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Total assets |
22.8 |
19.0 |
25.9 |
Annual Ratios
Financials in: USD (mil)
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|
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
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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 |
0.745406 |
0.696986 |
0.719399 |
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Consolidated |
No |
No |
No |
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Current ratio |
30.01 |
57.39 |
28.87 |
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Acid test ratio |
12.77 |
26.95 |
14.21 |
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Total liabilities to net worth |
0.07% |
0.03% |
0.08% |
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Net worth to total assets |
0.05% |
0.06% |
0.04% |
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Current liabilities to net worth |
0.07% |
0.03% |
0.08% |
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Current liabilities to stock |
0.06% |
0.03% |
0.07% |
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Fixed assets to net worth |
0.01% |
0.01% |
0.01% |
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Collection period |
584.00 |
445.00 |
485.00 |
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Stock turnover rate |
3.58 |
2.43 |
2.03 |
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Profit margin |
0.00% |
0.00% |
0.01% |
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Return on assets |
0.00% |
0.00% |
0.02% |
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Shareholders' return |
-0.01% |
0.00% |
0.04% |
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Sales per employee |
24.41 |
26.92 |
33.41 |
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Profit per employee |
-0.40 |
0.24 |
2.26 |
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Average wage per employee |
6.56 |
6.70 |
5.40 |
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Net worth |
10.3 |
11.7 |
11.0 |
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Number of employees |
108 |
103 |
135 |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.49.02 |
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UK Pound |
1 |
Rs.77.13 |
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Euro |
1 |
Rs.67.56 |
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 |
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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.