MIRA
INFORM REPORT
|
Report Date : |
23.09.2011 |
IDENTIFICATION DETAILS
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Name : |
SPICER GELENKWELLENBAU GMBH |
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Registered Office : |
Westendhof 5-9 Essen, 45143 |
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Country : |
Germany |
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Financials (as on) : |
31.12.2009 |
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Date of Incorporation : |
13.12.1993 |
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Com. Reg. No.: |
14176 |
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Legal Form : |
Private Subsidiary |
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Line of Business : |
Manufacture of other general purpose machinery not elsewhere classified |
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 |
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Payment Behaviour : |
No Complaints |
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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 – March 31st, 2011
|
Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
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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 and address
Spicer Gelenkwellenbau GmbH
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Business
Description
|
Manufacture of propeller shafts for commercial vehicles, off highway
machines, railway locomotives and heavy duty shafts for rolling mills and
industrial applications |
Industry
|
Industry |
Miscellaneous Capital Goods |
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ANZSIC 2006: |
2499 - Other Machinery and Equipment
Manufacturing Not Elsewhere Classified |
|
NACE 2002: |
2924 - Manufacture of other general
purpose machinery not elsewhere classified |
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NAICS 2002: |
333999 - All Other Miscellaneous General Purpose
Machinery Manufacturing |
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UK SIC 2003: |
2924 - Manufacture of other general
purpose machinery not elsewhere classified |
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US SIC 1987: |
3569 - General Industrial Machinery and
Equipment, Not Elsewhere Classified |
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
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Corporate Structure News
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Spicer Gelenkwellenbau
GmbH |
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Company Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
|
Parent |
Toledo, OH |
United States |
Auto and Truck Parts |
6,109.0 |
22,500 |
|
|
Subsidiary |
GravataĂ, RS |
Brazil |
Auto and Truck Parts |
|
7,000 |
|
|
Division |
Paris, TN |
United States |
Fabricated Plastic and Rubber |
|
1,494 |
|
|
Branch |
Elizabethtown, KY |
United States |
Auto and Truck Parts |
492.8 |
1,100 |
|
|
Division |
Statesville, NC |
United States |
Electronic Instruments and Controls |
|
1,100 |
|
|
Subsidiary |
Neu-Ulm |
Germany |
Fabricated Plastic and Rubber |
287.5 |
970 |
|
|
Subsidiary |
Pamplona, Navarra |
Spain |
Auto and Truck Parts |
266.2 |
923 |
|
|
Subsidiary |
Gijon, Asturias |
Spain |
Auto and Truck Parts |
25.6 |
174 |
|
|
Branch |
Henderson, KY |
United States |
Auto and Truck Parts |
280.5 |
750 |
|
|
Branch |
Longview, TX |
United States |
Auto and Truck Parts |
291.2 |
650 |
|
|
Division |
Fort Wayne, IN |
United States |
Auto and Truck Parts |
350.0 |
600 |
|
|
Subsidiary |
Essen |
Germany |
Miscellaneous Capital Goods |
130.2 |
550 |
|
|
Subsidiary |
Tlalnepantla, Estado de MĂ©xico |
Mexico |
Auto and Truck Parts |
75.0 |
500 |
|
|
Subsidiary |
Fairfield, NSW |
Australia |
Auto and Truck Parts |
62.6 |
500 |
|
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Branch |
Glasgow, KY |
United States |
Auto and Truck Parts |
168.3 |
450 |
|
|
Branch |
Milwaukee, WI |
United States |
Fabricated Plastic and Rubber |
84.8 |
400 |
|
|
Branch |
Mitchell, IN |
United States |
Miscellaneous Fabricated Products |
85.4 |
350 |
|
|
Subsidiary |
Toluca, Estado de MĂ©xico |
Mexico |
Auto and Truck Parts |
255.0 |
300 |
|
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Branch |
Robinson, IL |
United States |
Miscellaneous Fabricated Products |
171.0 |
300 |
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Branch |
Columbia City, IN |
United States |
Miscellaneous Fabricated Products |
119.4 |
300 |
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Branch |
Ballwin, MO |
United States |
Auto and Truck Parts |
127.7 |
285 |
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Branch |
Archbold, OH |
United States |
Miscellaneous Capital Goods |
46.8 |
280 |
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Branch |
Pottstown, PA |
United States |
Auto and Truck Parts |
93.5 |
250 |
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Branch |
Columbia, MO |
United States |
Business Services |
28.8 |
250 |
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Branch |
Auburn Hills, MI |
United States |
Auto and Truck Parts |
89.8 |
240 |
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Branch |
Mc Kenzie, TN |
United States |
Auto and Truck Parts |
40.0 |
240 |
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Branch |
Kalamazoo, MI |
United States |
Auto and Truck Parts |
103.0 |
230 |
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Subsidiary |
Hallam, VIC |
Australia |
Miscellaneous Capital Goods |
140.6 |
200 |
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Branch |
Humboldt, TN |
United States |
Auto and Truck Parts |
65.5 |
175 |
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Branch |
Crossville, TN |
United States |
Auto and Truck Parts |
67.2 |
150 |
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Branch |
Fredericktown, OH |
United States |
Auto and Truck Parts |
56.1 |
150 |
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Branch |
Marion, IN |
United States |
Auto and Truck Parts |
52.9 |
118 |
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Branch |
Albion, IN |
United States |
Miscellaneous Fabricated Products |
57.0 |
100 |
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Branch |
Lisle, IL |
United States |
Auto and Truck Parts |
44.8 |
100 |
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Branch |
Holland, OH |
United States |
Auto and Truck Parts |
44.8 |
100 |
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Branch |
Olive Branch, MS |
United States |
Auto and Truck Parts |
37.4 |
100 |
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Subsidiary |
Lamplathiew, Lardkrabang, Bangkok |
Thailand |
Miscellaneous Capital Goods |
28.0 |
100 |
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Division |
Lisle, IL |
United States |
Fabricated Plastic and Rubber |
|
100 |
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Branch |
Danville, IN |
United States |
Auto and Truck Parts |
33.7 |
90 |
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Branch |
Sterling, IL |
United States |
Auto and Truck Parts |
29.9 |
80 |
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Branch |
St Clair, MI |
United States |
Auto and Truck Parts |
26.2 |
70 |
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Branch |
Dry Ridge, KY |
United States |
Auto and Truck Parts |
23.3 |
52 |
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Branch |
Indianapolis, IN |
United States |
Auto and Truck Parts |
19.4 |
52 |
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Subsidiary |
Poissy |
France |
Commercial Banks |
5.1 |
34 |
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Subsidiary |
Guiscard |
France |
Fabricated Plastic and Rubber |
45.9 |
224 |
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Subsidiary |
Villefranche Sur Saone |
France |
Miscellaneous Capital Goods |
18.3 |
55 |
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Subsidiary |
Seoul |
Korea, Republic of |
Miscellaneous Capital Goods |
4.0 |
10 |
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Subsidiary |
Valencia |
Venezuela |
Retail (Specialty) |
40.0 |
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Subsidiary |
Tlalnepantla |
Mexico |
Iron and Steel |
10.0 |
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Subsidiary |
Crescentino |
Italy |
Auto and Truck Parts |
1.0 |
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Subsidiary |
Donglin District, Liaoning |
China |
Miscellaneous Capital Goods |
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Subsidiary |
Thorold, ON |
Canada |
Auto and Truck Parts |
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Subsidiary |
Coventry |
United Kingdom |
Business Services |
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Subsidiary |
Nuneaton |
United Kingdom |
Commercial Banks |
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Subsidiary |
Coventry |
United Kingdom |
Commercial Banks |
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Subsidiary |
Coventry |
United Kingdom |
Nonclassifiable Industries |
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Subsidiary |
Feltham |
United Kingdom |
Auto and Truck Parts |
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Subsidiary |
Coventry |
United Kingdom |
Auto and Truck Parts |
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Subsidiary |
Coventry |
United Kingdom |
Nonclassifiable Industries |
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Subsidiary |
Swindon |
United Kingdom |
Commercial Banks |
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Subsidiary |
Coventry |
United Kingdom |
Miscellaneous Fabricated Products |
0.0 |
18 |
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Subsidiary |
Birmingham |
United Kingdom |
Business Services |
86.0 |
293 |
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Subsidiary |
Coventry |
United Kingdom |
Nonclassifiable Industries |
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Subsidiary |
Coventry |
United Kingdom |
Business Services |
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Subsidiary |
Coventry |
United Kingdom |
Business Services |
12.6 |
36 |
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Subsidiary |
Coventry |
United Kingdom |
Consumer Financial Services |
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Subsidiary |
Coventry |
United Kingdom |
Consumer Financial Services |
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Subsidiary |
|
United Kingdom |
Miscellaneous Capital Goods |
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Subsidiary |
Coventry |
United Kingdom |
Commercial Banks |
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Subsidiary |
Coventry |
United Kingdom |
Business Services |
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Subsidiary |
Coventry |
United Kingdom |
Investment Services |
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Subsidiary |
Coventry |
United Kingdom |
Investment Services |
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Subsidiary |
Coventry |
United Kingdom |
Investment Services |
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Subsidiary |
Gravatai, Gravatai |
Brazil |
Miscellaneous Capital Goods |
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Executives Report
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Spicer Gelenkwellenbau GmbH Files Patent Application for Axial Retaining Arrangement for a Bearing Bushing in a Universal Joint
Indian Patent News
27 December 2010
|
[What follows is
the full text of the article.] New Delhi, Dec.
27 -- Germany based Spicer Gelenkwellenbau GmbH filed patent application for
axial retaining arrangement for a bearing bushing in a universal joint. The
inventors are Hans-Jurgen Schultze, Erhard Muller, Andrease Neises and Lars
Christoph Schafer. Spicer
Gelenkwellenbau GmbH filed the patent application on April 4, 2006. The
patent application number is 306/KOL/2006 A. The international classification
number is F16D3/16. According to the
Controller General of Patents, Designs & Trade Marks, "Axial
retaining arrangement for a bearing bushing in a bearing bore, forming a bore
wall, of a yoke arm of a joint yoke belonging to a universal joint or of a
bearing element by means of a retaining ring, wherein the bearing bushing has
an outer face, with which it rests in the bearing bore, the bearing bore
forms a longitudinal axis, the bore wall of the bearing bore or the outer
face of the bearing bushing have an annular groove centred on the
longitudinal axis, the retaining ring has a first ring portion, retained in
the annular groove, has at least one second ring portion following to the
first ring portion, which is elastic in the radial direction and which at least
forms one engagement edge, which, depending on the arrangement of the annular
groove to the bearing bore or the bearing bushing is pressing against the
bore wall or the outer face." Spicer
Gelenkwellenbau GmbH, Manufacturers and services - Diesel engines,
transmission and fuelling systems (Germany). Copyright
Contify.com
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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 |
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Consolidated |
No |
No |
No |
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Total income |
130.2 |
259.1 |
222.7 |
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Raw materials and services |
48.7 |
117.4 |
102.3 |
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Net sales |
130.2 |
259.1 |
222.7 |
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Change in stock |
-5.2 |
-4.4 |
3.0 |
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Own work capitalised |
- |
0.0 |
0.0 |
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Other operating income |
5.9 |
11.6 |
7.3 |
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Raw materials and consumables employed |
48.7 |
117.4 |
102.3 |
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Other external charges |
3.1 |
4.9 |
5.5 |
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Cost of goods sold |
51.7 |
122.3 |
107.9 |
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Cost of raw materials |
51.7 |
122.3 |
107.9 |
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Taxes and social security costs |
13.1 |
12.5 |
12.2 |
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Total payroll costs |
40.8 |
55.4 |
53.0 |
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Fixed asset depreciation and amortisation |
2.7 |
1.9 |
1.7 |
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Other operating costs |
44.4 |
95.3 |
87.4 |
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Net operating income |
13.4 |
39.0 |
26.8 |
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Interest received from loans |
0.0 |
0.0 |
0.0 |
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Other income |
4.3 |
4.2 |
3.3 |
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Interest payable on loans |
0.7 |
1.0 |
0.4 |
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Total expenses |
-3.7 |
-3.2 |
-2.9 |
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Profit before tax |
17.1 |
42.2 |
29.6 |
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Provisions |
68.8 |
72.2 |
72.3 |
|
Other taxes |
0.1 |
0.0 |
0.0 |
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Total taxation |
0.0 |
0.1 |
- |
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Profit distributed to shareholders |
-17.1 |
-42.1 |
-29.6 |
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Annual Balance
Sheet |
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Financials in:
USD (mil) |
|
|
|
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|
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 |
2.9 |
2.8 |
2.9 |
|
Capital reserves |
11.8 |
11.4 |
12.0 |
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Total stockholders equity |
14.6 |
14.2 |
14.9 |
|
Other provisions |
12.7 |
12.5 |
19.1 |
|
Provision for pensions |
58.3 |
56.2 |
58.1 |
|
Provisions and allowances |
71.0 |
68.6 |
77.2 |
|
Trade creditors |
6.1 |
15.8 |
19.1 |
|
Advances received |
1.0 |
3.1 |
3.2 |
|
Taxation and social security |
1.1 |
1.7 |
1.4 |
|
Due to group companies |
18.4 |
41.4 |
33.3 |
|
Total current liabilities |
26.5 |
61.9 |
56.9 |
|
Total liabilities (including net worth) |
112.1 |
144.7 |
149.0 |
|
Patents |
0.0 |
0.1 |
0.1 |
|
Intangibles |
0.0 |
0.1 |
0.1 |
|
Machinery and tools |
9.1 |
10.5 |
3.3 |
|
Fixed assets under construction |
0.3 |
0.5 |
2.8 |
|
Total tangible fixed assets |
11.1 |
13.1 |
7.2 |
|
Long-term investments |
0.7 |
0.7 |
0.8 |
|
Participating interest |
0.0 |
0.0 |
0.0 |
|
Total financial assets |
0.7 |
0.7 |
0.8 |
|
Total non-current assets |
11.9 |
13.9 |
8.1 |
|
Raw materials |
2.2 |
4.3 |
5.4 |
|
Work in progress |
2.8 |
7.2 |
9.9 |
|
Finished goods |
0.3 |
1.8 |
3.5 |
|
Net stocks and work in progress |
5.3 |
13.3 |
18.8 |
|
Trade debtors |
11.9 |
17.0 |
23.0 |
|
Other receivables |
0.1 |
1.1 |
0.4 |
|
Total receivables |
86.7 |
107.7 |
113.1 |
|
Owing from associated companies |
74.6 |
89.6 |
89.6 |
|
Cash and liquid assets |
6.0 |
7.5 |
6.1 |
|
Marketable securities |
2.1 |
2.0 |
2.7 |
|
Short-term investments |
2.1 |
2.0 |
2.7 |
|
Total current assets |
100.2 |
130.6 |
140.7 |
|
Prepaid expenses and deferred costs |
0.1 |
0.3 |
0.2 |
|
Total assets |
112.1 |
144.7 |
149.0 |
|
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 |
37.76 |
21.08 |
24.72 |
|
Acid test ratio |
35.75 |
18.93 |
21.41 |
|
Total liabilities to net worth |
0.18% |
0.44% |
0.38% |
|
Net worth to total assets |
0.01% |
0.01% |
0.01% |
|
Current liabilities to net worth |
0.18% |
0.44% |
0.38% |
|
Current liabilities to stock |
0.50% |
0.47% |
0.30% |
|
Fixed assets to net worth |
0.08% |
0.10% |
0.05% |
|
Collection period |
325.00 |
252.00 |
354.00 |
|
Stock turnover rate |
0.40 |
0.54 |
0.79 |
|
Profit margin |
0.01% |
0.02% |
0.01% |
|
Return on assets |
0.02% |
0.03% |
0.02% |
|
Shareholders' return |
0.12% |
0.28% |
0.21% |
|
Sales per employee |
17.64 |
31.02 |
28.80 |
|
Profit per employee |
2.31 |
5.04 |
3.83 |
|
Average wage per employee |
5.53 |
6.63 |
6.85 |
|
Net worth |
14.6 |
14.2 |
14.9 |
|
Number of employees |
531 |
571 |
565 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.48.82 |
|
|
1 |
Rs.75.48 |
|
Euro |
1 |
Rs.66.10 |
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.