MIRA INFORM REPORT

 

 

Report Date :

31.10.2011

 

IDENTIFICATION DETAILS

 

Name :

BK GIULINI GMBH

 

 

Registered Office :

Postfach 21 72 51 Ludwigshafen, 67072

 

 

Country :

Germany

 

 

Financials (as on) :

31.12.2009

 

 

Date of Incorporation :

24.11.1976

 

 

Com. Reg. No.:

1782

 

 

Legal Form :

Private Subsidiary

 

 

Line of Business :

Manufacture of other chemical products not elsewhere classified

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Moderate

 

 

Payment Behaviour :

No Complaints

 

 

Litigation :

--

 

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

 

Top of Form

Bottom of Form

Top of Form

 

 

BK Giulini GmbH

                                                                                                                                                  

 

Postfach 21 72 51

 

 

Ludwigshafen, 67072

Germany

 

 

Tel:

49 (621) 57 09-01

Fax:

49 (621) 57 09-452

 

www.bk-giulini.com

 

Employees:

900

Company Type:

Private Subsidiary

Corporate Family:

12 Companies

Ultimate Parent:

Israel Chemicals

 

 

Incorporation Date:

24-Nov-1976

Auditor:

PWC, Price Waterhouse Coopers

Financials in:

USD (mil)

 

 

Fiscal Year End:

31-Dec-2009

Reporting Currency:

Euro

Annual Sales:

518.1

Total Assets:

318.1

                                      

Business Description       

 

Phosphoric acid salts, sodium aluminate, aluminium sulphate, aluminium hydroxide as technical filler, gas purifying mass, pharmaceutical fine chemicals, antacid alumina compounds, water treatment chemicals, chemical specialties for paper industry, synthetic plaster for medical, dental and technical application, hygiene products, food additives for meat, spices, processed cheese, milk and fish industry; components for the shoe industry

 

Industry                           

 

Industry

Chemical Manufacturing

ANZSIC 2006:

1899 - Other Basic Chemical Product Manufacturing Not Elsewhere Classified

NACE 2002:

2466 - Manufacture of other chemical products not elsewhere classified

NAICS 2002:

325998 - All Other Miscellaneous Chemical Product and Preparation Manufacturing

UK SIC 2003:

2466 - Manufacture of other chemical products not elsewhere classified

US SIC 1987:

2899 - Chemicals and Chemical Preparations, Not Elsewhere Classified

                      

Key Executives           

                       

 

Name

Title

Yosef D. Shahar

Vorsitzender des Vorstandes

Dieter Treiber

Leiter-Finanz

Matthias Ewald

Inlandsverkauf und Export Pharma/Special Plasters

Alexander Paz

Manager

Wolfgang Hilgert

Leiter-EDV

           

News    

 

Title

Date

Global Water Treatment Chemicals in Soft Drinks Market By Type, Region and Process 2011-2016
China Weekly News (450 Words)

10-Aug-2011

Research and Markets: Global Water Treatment Chemicals in Soft Drinks Market By Type, Region and Process 2011-2016
Business Wire (501 Words)

2-Aug-2011

BKG / Ferrocid® 4601: New Oxidizing Biocide Brought to Life
Business Wire (403 Words)

22-Mar-2011

Research and Markets: Gypsum and Anhydrite - Global Strategic Business Report 2011
Business Wire (458 Words)

24-Feb-2011

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
Postfach 21 72 51
Ludwigshafen, 67072
Germany

 

Tel:

49 (621) 57 09-01

Fax:

49 (621) 57 09-452

 

www.bk-giulini.com

Sales EUR(mil):

372.5

Assets EUR(mil):

221.7

Employees:

900

Fiscal Year End:

31-Dec-2009

 

Industry:

Chemical Manufacturing

Incorporation Date:

24-Nov-1976

Company Type:

Private Subsidiary

Quoted Status:

Not Quoted

Registered No.(DEU):

1782

 

Vorsitzender des Vorstandes:

Yosef D. Shahar

Contents

·         Industry Codes

·         Business Description

·         Brand/Trade Names

·         Financial Data

Subsidiaries

Key Corporate Relationships

Industry Codes

 

ANZSIC 2006 Codes:

1841

-

Human Pharmaceutical and Medicinal Product Manufacturing

1851

-

Cleaning Compound Manufacturing

1899

-

Other Basic Chemical Product Manufacturing Not Elsewhere Classified

1813

-

Basic Inorganic Chemical Manufacturing

 

NACE 2002 Codes:

2413

-

Manufacture of other inorganic basic chemicals

2466

-

Manufacture of other chemical products not elsewhere classified

2442

-

Manufacture of pharmaceutical preparations

2451

-

Manufacture of soap and detergents, cleaning and polishing preparations

 

NAICS 2002 Codes:

325612

-

Polish and Other Sanitation Good Manufacturing

325188

-

All Other Basic Inorganic Chemical Manufacturing

325412

-

Pharmaceutical Preparation Manufacturing

325611

-

Soap and Other Detergent Manufacturing

325998

-

All Other Miscellaneous Chemical Product and Preparation Manufacturing

 

US SIC 1987:

2834

-

Pharmaceutical Preparations

2819

-

Industrial Inorganic Chemicals, Not Elsewhere Classified

2899

-

Chemicals and Chemical Preparations, Not Elsewhere Classified

2841

-

Soap and Other Detergents, Except Specialty Cleaners

2842

-

Specialty Cleaning, Polishing, and Sanitation Preparations

 

UK SIC 2003:

24511

-

Manufacture of soap and detergents

2466

-

Manufacture of other chemical products not elsewhere classified

24421

-

Manufacture of medicaments

2413

-

Manufacture of other inorganic basic chemicals

24512

-

Manufacture of cleaning and polishing preparations

 

Business Description

Phosphoric acid salts, sodium aluminate, aluminium sulphate, aluminium hydroxide as technical filler, gas purifying mass, pharmaceutical fine chemicals, antacid alumina compounds, water treatment chemicals, chemical specialties for paper industry, synthetic plaster for medical, dental and technical application, hygiene products, food additives for meat, spices, processed cheese, milk and fish industry; components for the shoe industry

 

 

More Business Descriptions

BK Giulini GmbH is primarily engaged in manufacture of various chemical products: peptones, peptone derivatives, other protein substances and their derivatives not elsewhere classified; chemically modified oils and fats; materials used in the finishing of textiles and leather; powders and pastes used in soldering, brazing or welding; substances used to pickle metal; prepared additives for cements; activated carbon, lubricating oil additives, prepared rubber accelerators, catalysts and other chemical products for industrial use; anti-knock preparations, anti-freeze preparations, liquids for hydraulic transmission; and composite diagnostic or laboratory reagents. This class also includes: manufacture of writing and drawing ink.

 

All Other Chemical Product and Preparation Manufacturing

 

 

 

 

 

 

 

Brand/Trade Names

Tari

Pescaplus

Solva

Solvaphos

Solvarom

Turrisin

Siliphos

Luphos

Turbodispin

Aktiphos

Gilufer

Turbanion

Korrodex

Giluphos N

Phoscaleen

Hexatren

Lupreal

Gilufloc

Mikrosorban

GILUTON

Perglutin

Contraspum

Pyrex

 

 

 

 

 

 

Financial Data

 

Financials in:

EUR(mil)

 

Revenue:

372.5

Assets:

221.7

Current Assets:

124.4

 

Total Liabilities:

221.7

 

Issued Capital:

16.0

 

Net Worth:

37.2

 

 

 

Date of Financial Data:

31-Dec-2009

 

1 Year Growth

3.6%

NA

 

 

Subsidiaries

Company

Percentage Owned

Country

fibrisol-MUSCALLA GmbH

 

Germany

Rhenoflex GmbH

 

Germany

Hoyermann Chemie GmbH

 

Germany

Yunnan BK Giulini Qunli Phosphate Co. Ltd

 

Peoples Republic of China

Tari Int. N.Z. Ltd.

 

New Zealand

RHENOFLEX DREYER

 

France

Rotem do Brasil Ltd.

 

 

BK Giulini Argentina S.A.

 

 

BK Mercosur S.A.

 

Uruguay

BK Giulini Corp.

 

United States of America

Phosphorus Derivatives Inc

 

United States of America

Tari Int NZ Ltd

100%

NEW ZEALAND

Tari Int SA Ltd

100%

SOUTH AFRICA

Rotem do Brasil Ltd

100%

BRAZIL

Rhenoflex GmbH

100%

GERMANY

Philopharm GmbH

100%

GERMANY

Hoyermann GmbH

100%

GERMANY

BK Mercosur SA

100%

URUGUAY

 

 

 

 

 

Key Corporate Relationships

Auditor:

PWC, Price Waterhouse Coopers

Bank:

UniCredit Bank AG, Landesbank Mainz

 

Auditor:

PWC, Price Waterhouse Coopers

 

 

 

 

 

 

 

 

 

 

Corporate Structure News

Total Corporate Family Members: 12

 

 

Company Name

Company Type

Location

Country

Industry

Sales
(USD mil)

Employees

Israel Chemicals

Parent

 

 

 

 

 

Rotem Holding GmbH

Subsidiary

Ludwigshafen Am Rhein, Rheinland-Pfalz

Germany

Commercial Banks

 

 

BK Giulini GmbH

Subsidiary

Ludwigshafen

Germany

Chemical Manufacturing

518.1

900

Bkg France Sas

Subsidiary

Chateau Du Loir

France

Chemical Manufacturing

24.2

102

Sofima

Subsidiary

Arras

France

Construction and Agriculture Machinery

25.4

74

Primalab

Subsidiary

Merignac

France

Personal and Household Products

13.2

74

fibrisol-MUSCALLA GmbH

Subsidiary

Viernheim, Hessen

Germany

Food Processing

22.0

50

Fibrisol Service Australia

Subsidiary

Heatherton, VIC

Australia

Food Processing

12.5

22

B K Giulini

Subsidiary

Simi Valley, CA

United States

Chemical Manufacturing

2.7

5

Tari International NZ

Subsidiary

Pakuranga

New Zealand

Food Processing

1.4

3

BK Giulini Corporation/ Pharma Division

Subsidiary

White Plains, NY

United States

Chemical Manufacturing

 

1

ICL-IP Bitterfeld GmbH

Subsidiary

Bitterfeld, Sachsen-Anhalt

Germany

Chemical Manufacturing

89.4

85

 

 

 

Executives Report

 

 

Board of Directors

 

Name

Title

Function

Bernhard Mielert

 

Vorsitzender des Aufsichtsrates

Chairman

Yosef D. Shahar

 

Vorsitzender des Vorstandes

Chairman

Gabi Brix

 

Member of the board of directors

Director/Board Member

Cornelis Langeveld

 

Member of the board of directors

Director/Board Member

Georg Selinger-Acker

 

Member of the board of directors

Director/Board Member

Richard Seubert

 

Member of the board of directors

Director/Board Member

 

Executives

 

Name

Title

Function

Yosef D. Shahar

 

Vorsitzender des Vorstandes

Chief Executive Officer

Eli Glazer

 

Managing director

Managing Director

Alexander Paz

 

Manager

Administration Executive

Dieter Treiber

 

Leiter-Finanz

Finance Executive

Hartmut Bergmann

 

Leiter-Buchhaltung

Accounting Executive

Matthias Ewald

 

Inlandsverkauf und Export Pharma/Special Plasters

Sales Executive

Sigrid Brachhold

 

Leiter-Unternehmenskommunikation

Corporate Communications Executive

Wolfgang Hilgert

 

Leiter-EDV

Information Executive

BrĂ¼ne Cremer

 

Leiter-Forschung und Entwicklung

Research & Development Executive

Manfred Hahn

 

Leiter-Versicherung

Insurance Executive

 

 

Global Water Treatment Chemicals in Soft Drinks Market By Type, Region and Process 2011-2016

Research and Markets

 

 

China Weekly News
10 August 2011

 

 

[What follows is the full text of the news story.]

Research and Markets (http://www.researchandmarkets.com/research/571738/global_water_treat) has announced the addition of the "Global Water Treatment Chemicals in Soft Drinks Market By Type, Region and Process - (2011 - 2016)" report to their offering.

This report describes the major water treatment chemicals and processes used in soft drinks industry, their consumption by volume, and their ratios of water treatment chemicals consumption in soft drinks for the particular country such as the U.S., Mexico, Germany, UK, Saudi Arabia, South Africa, China, and Japan. Relatively higher growth rates are expected in the developing regions such as China due to the hardness of water and increasing industrial activities, and the announced investment in water treatment plants.

The report discusses corrosion inhibitors market by major regions such as North America, Asia, Europe, and Rest of the World (ROW). This report also includes leading manufacturers' profiles such as NALCO, GE Water and Process Technologies, Ashland Inc., BASF Corporation, Kemira, Kurita Water Industries Ltd.BK Giulini GmbH, Baker Hughes Inc. and, Clariant."

Global Water Treatment Chemicals Market in Soft Drinks

The global water treatment chemicals consumption in soft drinks industry is on the course of higher growth in the last four years. This growth is largely fuelled by the increased demand for high quality water and boost in the intake of soft drinks across the globe. The global water treatment chemicals consumption in soft drinks market is estimated to reach 216 million Kg in 2015 from 181.9 million Kg in 2009, growing at a CAGR of 3.5% from 2010 to 2015. The market in North America is driving the sales and is expected to hold 36.5% of the global market share in 2015; at a CAGR of 1.8%.

The most popular process is reverse osmosis with 17% of market share in water treatment chemicals in soft drinks market; followed by boiler water treatment with 9% share. Corrosion and scale inhibitors are the largest chemical types used within water treatment chemicals in soft drinks market with 43% share.

The increasing population, growth of industrial activities in Asia, focus on innovations to produce efficient and safe chemicals remain the key drivers for water treatment chemicals in soft drinks market. Rising cost of raw materials, regulatory issues, and environmental concerns are the prime challenges that the industry is facing. Key Topics Covered: 1 Introduction

2 Executive Summary

3 Market Overview

4 WTC In Soft Drinks Market, By Chemical Types

5 Water Treatment Chemicals In Soft Drinks Market, By Treatment Process

6 WTC In Soft Drinks Market Ratios, By Types & By Treatment Process

7 Company Profiles

To view the reports full table of contents and for more information, please visit http://www.researchandmarkets.com/research/571738/global_water_treat

 

 

Research and Markets: Global Water Treatment Chemicals in Soft Drinks Market By Type, Region and Process 2011-2016

                                                                                                                                                                                          

Business Wire
02 August 2011
                                                                                                                                                               

 

[What follows is the full text of the news story.]

DUBLIN--(BUSINESS WIRE)-- Research and Markets (http://www.researchandmarkets.com/research/571738/global_water_treat) has announced the addition of the "Global Water Treatment Chemicals in Soft Drinks Market By Type, Region and Process - (2011 - 2016)" report to their offering.

This report describes the major water treatment chemicals and processes used in soft drinks industry, their consumption by volume, and their ratios of water treatment chemicals consumption in soft drinks for the particular country such as the U.S., Mexico, Germany, UK, Saudi Arabia, South Africa, China, and Japan. Relatively higher growth rates are expected in the developing regions such as China due to the hardness of water and increasing industrial activities, and the announced investment in water treatment plants.

The report discusses corrosion inhibitors market by major regions such as North America, Asia, Europe, and Rest of the World (ROW). This report also includes leading manufacturers' profiles such as NALCO, GE Water and Process Technologies, Ashland Inc., BASF Corporation, Kemira, Kurita Water Industries Ltd. BK Giulini GmbH, Baker Hughes Inc. and, Clariant."

Global Water Treatment Chemicals Market in Soft Drinks

The global water treatment chemicals consumption in soft drinks industry is on the course of higher growth in the last four years. This growth is largely fuelled by the increased demand for high quality water and boost in the intake of soft drinks across the globe. The global water treatment chemicals consumption in soft drinks market is estimated to reach 216 million Kg in 2015 from 181.9 million Kg in 2009, growing at a CAGR of 3.5% from 2010 to 2015. The market in North America is driving the sales and is expected to hold 36.5% of the global market share in 2015; at a CAGR of 1.8%.

The most popular process is reverse osmosis with 17% of market share in water treatment chemicals in soft drinks market; followed by boiler water treatment with 9% share. Corrosion and scale inhibitors are the largest chemical types used within water treatment chemicals in soft drinks market with 43% share.

The increasing population, growth of industrial activities in Asia, focus on innovations to produce efficient and safe chemicals remain the key drivers for water treatment chemicals in soft drinks market. Rising cost of raw materials, regulatory issues, and environmental concerns are the prime challenges that the industry is facing.

Key Topics Covered:

1 Introduction

2 Executive Summary

3 Market Overview

4 WTC In Soft Drinks Market, By Chemical Types

5 Water Treatment Chemicals In Soft Drinks Market, By Treatment Process

6 WTC In Soft Drinks Market Ratios, By Types & By Treatment Process

7 Company Profiles

To view the reports full table of contents and for more information, please visit http://www.researchandmarkets.com/research/571738/global_water_treat

Research and Markets
Laura Wood, Senior Manager,
press@researchandmarkets.com
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716

 

 

 

BKG / Ferrocid� 4601: New Oxidizing Biocide Brought to Life

                                                                                                                                                                                          

Business Wire
22 March 2011
                                                                                                                                                                

 

[What follows is the full text of the news story.]

LUDWIGSHAFEN, Germany--(BUSINESS WIRE)-- Biological life has in water and especially cooling systems ideal conditions to grow: right Temperature, high amount of Nutrients and a lot of Sunlight. But biological life and the resulting biofilm can lead to enormous problems in industrial water systems. The reduction of the heat transfer and even a blocking of the system can occur. Under biofilm the biological induced corrosion is favored. And further a not well treated water system can be the source for diseases. Therefore a good biological control of a water system is essential. Biocides should have a good performance in water systems and a very low environmental impact when discharged.

Ferrocid� 4601 is a newly and own developed fast reacting oxidizing Biocide of our R&D department. The new product yields to improved results in alkaline cooling systems especially compared to Sodium Hypochlorite. Ferrocid� 4601 is free of Chlorine and has a wide range of application. It is produced in our specialized production facilities that are successfully certified according to ISO 14001:2005 (Environmental management system).

Ferrocid� 4601 inhibits the microbiological growth and eliminates existing micro-organisms, like bacteria, fungi, and algae. It is also active in the control of Legionella pneumophila bacteria, which causes Legionnaire's disease (Legionellosis). Ferrocid� 4601 gives very good results in systems with high risk of process contamination.

Compared to conventional treatment for alkaline cooling systems (Sodium Bromide with Chlorine gas resp. Bleach) there is no need for an expensive mixing station (including two dosing pumps) but just a single dosing pump. The monitoring can easily be done by Halogen sensors.

About BKG Water Solutions

BKG Water Solutions is a division of BK Giulini GmbH, an ICL Performance Products company, which benefits from a long tradition of chemical specialties. BKG Water Solutions provides solutions, chemicals and service for all kinds of water treatment. With decades of experience in Water Treatment, BKG Water Solutions combines innovative technologies and services provided by high skilled engineers. Thanks to an intensive research and development, and to our own production facilities, we can offer an extensive range of products as well as tailor-made solutions to cover every specific application and help you optimize the efficiency of your water processes achieving the greatest economy and long-term operational reliability.

Paulo Gomes; Product Manager
+49 (211) 79 76 827
water.solutions@bk-giulini.com
www.bkgwater.com

Source: BKG Water Solutions

 

 


Research and Markets: Gypsum and Anhydrite - Global Strategic Business Report 2011

                                                                                                                                                                                          

Business Wire
24 February 2011
                                                                                                                                                           

 

[What follows is the full text of the news story.]

DUBLIN--(BUSINESS WIRE)-- Research and Markets (http://www.researchandmarkets.com/research/cb5313/gypsum_and_anhydri) has announced the addition of the "Gypsum and Anhydrite - Global Strategic Business Report" report to their offering.

This report analyzes the worldwide markets for Gypsum and Anhydrite in Thousand Metric Tons by the following end-use segments - Prefabricated Products, Plasters, Portland Cement, and Agriculture & Miscellaneous. The report provides separate comprehensive analytics for the US, Canada, Japan, Europe, Asia-Pacific, Latin America, and Rest of World. Annual estimates and forecasts are provided for the period 2007 through 2015. Also, a seven-year historic analysis is provided for these markets.

The report profiles 37 companies including many key and niche players such as Eagle Materials Inc., American Gypsum, Georgia-Pacific Gypsum LLC, Grupo Uralita, Knauf A.G., Lafarge SA, National Gypsum Company, Saint Gobain SA, BPB plc, Gypsum Industries Ltd., Thai Gypsum Company Limited, USG Corporation, and CGC, Inc. Market data and analytics are derived from primary and secondary research. Company profiles are mostly extracted from URL research and reported select online sources.

Key Topics Covered: 1. Introduction, Methodology & Product Definitions 2. Global Market Overview 3. Gypsum Market - Freeze Frame 4. Product Overview 5. Technological Developments 6. Recent Industry Activity 7. Corporate Activity In Recent Past - A Perspective Builder

8. Focus On Select Players 9. Global Market Perspective 10. The United States 11. Canada 12. Japan 13. Europe 14. Asia-Pacific 15. Latin America 16. Rest Of World

COMPETITIVE LANDSCAPE

Region/Country:

  • The United States
  • Canada
  • Japan
  • Europe
  • France
  • Germany
  • The United Kingdom
  • Spain
  • Rest of Europe
  • Asia-Pacific (Excluding Japan)
  • Latin America
  • Africa
  • Middle-East

Some Companies Mentioned:

  • American Electric Power Company, Inc (USA)
  • BK Giulini Chemie GmbH & Co OHG Werk Ladenburg (Germany)
  • Boral Ltd (Australia)
  • BP PLC (UK)
  • BPB India Gypsum Ltd (India)
  • BPB-Rigips Polska-Stawiany (Poland)
  • Caraustar Industries, Inc (USA)
  • Cementos Portland Valderrivas SA (Spain)
  • Compagnie De Saint-Gobain (France)
  • Compania Industrial EL Volcano SA (Chile)
  • CSR Limited (Australia)
  • Holcim (US), Inc (USA)
  • Jamaica Gypsum & Quarries Ltd (Jamaica)
  • James Hardie Australia Pty, Ltd (Australia)
  • Knauf Gips KG (Germany)
  • Knauf Gips Donbas Co (Ukraine)
  • Knauf Ile-de-France (France)
  • Lafarge North America, Inc (USA)
  • Siam Pulp & Paper Public Company Ltd (Thailand)
  • Siam Gypsum Industry Co, Ltd (Thailand)
  • Tata Chemicals Limited (India)
  • Temple-Inland Forest Products Corporation (USA)
  • CGC, Inc (Canada)
  • United States Gypsum Company (USA)
  • Yung Chang Gypsum Chemical Co, Ltd (Taiwan)

For more information visit http://www.researchandmarkets.com/research/cb5313/gypsum_and_anhydri

Research and Markets
Laura Wood, Senior Manager,
press@researchandmarkets.com
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716

Source: Research and Markets

 

 

 

 

 


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

 

 

 

 

Total income

518.1

609.9

473.9

Raw materials and services

267.5

371.2

271.9

Net sales

518.1

609.9

473.9

Change in stock

-14.4

13.3

4.0

Own work capitalised

0.4

0.4

0.2

Other operating income

4.6

14.7

5.7

Raw materials and consumables employed

267.5

371.2

271.9

Other external charges

6.9

1.0

0.9

Cost of goods sold

274.4

372.2

272.8

Cost of raw materials

274.4

372.2

272.8

Taxes and social security costs

21.5

20.4

18.7

Total payroll costs

93.6

99.3

80.9

Fixed asset depreciation and amortisation

14.3

12.8

11.4

Other operating costs

186.4

243.9

164.2

Net operating income

33.3

32.0

36.6

Other income

1.2

3.7

2.4

Interest payable on loans

1.3

4.3

0.1

Other expenses

-

0.6

-

Total expenses

0.1

1.2

-2.3

Profit before tax

33.2

30.8

38.9

Provisions

115.9

124.1

111.8

Other taxes

0.4

0.4

0.9

Total taxation

0.2

0.1

0.1

Profit distributed to shareholders

-32.5

-30.3

-37.9

 


 

 

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

 

 

 

 

Issued capital

23.0

22.2

23.4

Other reserves

30.5

29.5

31.1

Total reserves

30.5

29.5

31.1

Total stockholders equity

53.4

51.8

54.5

Deferred taxation

0.1

-

-

Other provisions

42.5

43.5

43.0

Provision for pensions

77.0

74.4

76.5

Provisions and allowances

119.5

118.0

119.4

Owing to group/associated companies

39.6

60.5

-

Total long-term liabilities

39.6

60.5

0.0

Trade creditors

24.0

23.6

28.9

Other loans

3.2

1.9

0.0

Taxation and social security

15.3

12.4

4.8

Due to group companies

62.5

17.4

17.7

Total current liabilities

105.0

55.2

51.4

Regularisation account

0.6

0.6

0.8

Total liabilities (including net worth)

318.1

286.1

226.1

Patents

31.1

28.7

2.8

Goodwill

12.1

14.7

-

Intangibles

43.2

43.4

2.8

Land and buildings

46.7

44.8

48.7

Machinery and tools

25.5

22.8

24.3

Fixtures and equipment

46.7

44.8

48.7

Fixed assets under construction

9.1

10.3

5.9

Total tangible fixed assets

87.3

82.8

83.6

Long-term investments

0.2

0.2

0.2

Shares held in associated companies

8.0

7.7

8.7

Total financial assets

8.2

7.9

8.9

Total non-current assets

138.7

134.1

95.4

Raw materials

22.8

22.7

20.8

Work in progress

10.9

18.5

13.3

Finished goods

26.9

39.0

26.8

Prepayments

0.0

1.1

-

Net stocks and work in progress

60.6

81.3

60.8

Trade debtors

7.7

5.2

10.7

Other receivables

8.2

5.5

4.9

Total receivables

68.4

65.8

57.5

Owing from associated companies

52.6

55.0

42.0

Cash and liquid assets

49.5

3.2

11.3

Total current assets

178.4

150.3

129.7

Prepaid expenses and deferred costs

0.9

1.6

1.1

Total assets

318.1

286.1

226.1

 

 

 

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

 

 

 

 

Current ratio

17.00

27.24

25.22

Acid test ratio

11.23

12.51

13.39

Total liabilities to net worth

0.27%

0.22%

0.09%

Net worth to total assets

0.02%

0.02%

0.02%

Current liabilities to net worth

0.20%

0.11%

0.09%

Current liabilities to stock

0.17%

0.07%

0.08%

Fixed assets to net worth

0.26%

0.26%

0.18%

Collection period

51.00

33.00

77.00

Stock turnover rate

1.13

1.40

1.20

Profit margin

0.01%

0.01%

0.01%

Return on assets

0.01%

0.01%

0.02%

Shareholders' return

0.06%

0.06%

0.07%

Sales per employee

41.26

46.80

42.33

Profit per employee

2.59

2.32

3.39

Average wage per employee

7.45

7.62

7.23

Net worth

53.4

51.8

54.5

Number of employees

903

891

818

 

 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.48.82

UK Pound

1

Rs.78.57

Euro

1

Rs.69.28

 

 

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.