MIRA
INFORM REPORT
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Report Date : |
02.04.2012 |
IDENTIFICATION DETAILS
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Name : |
PUTZMEISTER IBERICA SA |
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Registered Office : |
Cmno. Hormigueras, 173, |
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Country : |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
1949 |
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Com. Reg. No.: |
A28049351 |
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Legal Form : |
Public Subsidiary |
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Line of Business : |
Manufacture of machinery for mining, quarrying and construction |
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No. of Employees : |
111 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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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 – September 30, 2011
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Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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A2 |
A2 |
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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
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Putzmeister Iberica Sa |
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Employees: |
111 |
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Company Type: |
Public Subsidiary |
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Corporate
Family: |
11 Companies |
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Ultimate Parent: |
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Incorporation
Date: |
1949 |
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Auditor: |
Bdo Auditores Sl |
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Fiscal Year End: |
18-Jan-2012 |
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Reporting
Currency: |
Euro |
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Annual Sales: |
53.1 1
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Net Income: |
2.4 |
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Total Assets: |
26.3 |
Business Description
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Manufacture of machinery for mining, quarrying and construction |
Industry
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Industry |
Construction and Agriculture Machinery |
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ANZSIC 2006: |
2462 - Mining and Construction Machinery Manufacturing
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NACE 2002: |
2952 - Manufacture of machinery for
mining, quarrying and construction |
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NAICS 2002: |
3331 - Agriculture, Construction, and
Mining Machinery Manufacturing |
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2952 - Manufacture of machinery for mining,
quarrying and construction |
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US SIC 1987: |
353 - Construction, Mining, and Materials
Handling |
Key Executives
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Registered No.(ESP)
A28049351
Profit & Loss Item Exchange Rate: USD 1 = EUR 0.7203398
Balance Sheet Item Exchange Rate: USD 1 = EUR 0.7848912
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Sales EUR(mil): |
38.3 |
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Assets EUR(mil): |
20.7 |
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Employees: |
111 |
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Fiscal Year End: |
18-Jan-2012 |
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Industry: |
Construction and
Agriculture Machinery |
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Incorporation Date: |
1949 |
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Company Type: |
Public
Subsidiary |
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Quoted Status: |
Not Quoted |
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Registered No.(ESP): |
A28049351 |
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Managing Director: |
Selinger Felix |
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Corporate Structure News
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Putzmeister Iberica Sa |
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Company Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
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Parent |
Aichtal, Baden-Wurttemberg |
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Commercial Banks |
611.2 |
2,800 |
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Pending acquisition by Sany Heavy Industry Co., LTD.See corporate structure news on Putzmeister
Holding Gmbh for details |
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Subsidiary |
Aichtal |
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Miscellaneous Capital Goods |
1,136.8 |
3,600 |
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Division |
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Construction and Agriculture Machinery |
224.1 |
275 |
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Subsidiary |
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Construction and Agriculture Machinery |
53.1 |
111 |
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Subsidiary |
Vert St Denis |
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Construction and Agriculture Machinery |
21.9 |
60 |
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Subsidiary |
SchloĂŸ Holte-Stukenbrock, Nordrhein-Westfalen |
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Construction and Agriculture Machinery |
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60 |
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Subsidiary |
Cresta |
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Miscellaneous Capital Goods |
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Subsidiary |
Aichtal, Baden-WĂ¼rttemberg |
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Construction and Agriculture Machinery |
50.9 |
150 |
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Subsidiary |
Warstein, Nordrhein-Westfalen |
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Miscellaneous Fabricated Products |
1.0 |
70 |
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Subsidiary |
Aichtal, Baden-WĂ¼rttemberg |
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Miscellaneous Capital Goods |
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60 |
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Subsidiary |
Aichtal, Baden-WĂ¼rttemberg |
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Engineering Consultants |
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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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Charges |
51.2 |
83.5 |
101.5 |
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Stock Reduction |
- |
29.6 |
0.7 |
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Supplies |
36.1 |
29.9 |
71.8 |
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Goods Consumption |
10.9 |
8.8 |
23.2 |
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Consumption of Raw Materials |
23.3 |
19.4 |
43.7 |
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Miscellaneous External
Expenditures |
2.0 |
1.6 |
4.8 |
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Staff Costs |
7.9 |
8.1 |
12.5 |
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Wages and Salaries |
6.3 |
6.2 |
9.8 |
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Social Security Costs |
1.6 |
1.8 |
2.7 |
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Depreciation |
0.9 |
1.3 |
1.6 |
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Allowance for Trade Operations |
-2.0 |
4.8 |
1.5 |
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Stock Provision
Variation |
-0.9 |
3.4 |
- |
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Losses from
Unrecovered Receivables |
-0.7 |
0.9 |
1.0 |
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Variation of Other
Trade Provisions |
-0.4 |
0.5 |
0.5 |
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Other Operating Charges |
6.4 |
7.7 |
10.7 |
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External Services |
6.1 |
7.5 |
10.5 |
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Taxes |
0.1 |
0.1 |
0.2 |
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Other Operating
Expenses |
0.1 |
- |
- |
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Operating Benefits |
3.4 |
- |
2.8 |
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Financials and Similar Charges |
0.9 |
2.1 |
1.9 |
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Due to Liabilities
With Group Companies |
0.8 |
1.2 |
1.1 |
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Due to Other
Liabilities |
0.1 |
0.9 |
0.9 |
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Changes in Financial Investment Provisions |
- |
0.1 |
- |
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Exchange Losses |
0.0 |
- |
0.0 |
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Profit From Ordinary Activities |
3.3 |
- |
0.9 |
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Losses From Assets and Securities Portfolio |
0.2 |
- |
0.2 |
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Extraordinary Expenses |
0.9 |
1.0 |
0.1 |
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Profit Before Taxes |
2.2 |
- |
0.7 |
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Corporation Tax |
-0.1 |
-1.1 |
0.4 |
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Financial Year Result (Profit) |
2.3 |
- |
0.2 |
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Income |
53.5 |
79.1 |
101.7 |
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Net Total Sales |
50.7 |
77.3 |
99.7 |
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Sales |
47.1 |
72.7 |
94.0 |
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Rendering of Services |
3.6 |
4.8 |
5.9 |
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Sales Refunds |
-0.1 |
-0.1 |
-0.2 |
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Increase in Stocks |
0.6 |
- |
- |
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Miscellaneous Operating Income |
1.5 |
1.1 |
1.9 |
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Auxiliary Income From
Current Management |
0.3 |
0.4 |
0.8 |
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Charges for Provisions |
1.2 |
0.7 |
1.2 |
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Operating Losses |
- |
2.8 |
- |
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Income From Equity Investment |
- |
- |
0.1 |
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In Group Companies |
- |
- |
0.1 |
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Income From Other Securities and Receivables |
0.0 |
0.0 |
- |
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From Non-Group
Companies |
0.0 |
0.0 |
- |
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Income From Miscellaneous Interests |
0.8 |
0.6 |
- |
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From Group Companies |
0.8 |
0.6 |
- |
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Gains from Exchange Rate |
- |
0.0 |
- |
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Negative Financial Results |
0.2 |
1.6 |
1.9 |
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Ordinary Activities' Losses |
- |
4.4 |
- |
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Profit on Disposal of Assets |
- |
0.0 |
- |
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Capital Grants Transferred to Profit and Loss |
0.0 |
- |
- |
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Negative Extraordinary Results |
1.1 |
1.0 |
0.3 |
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Losses Before Taxes |
- |
5.4 |
- |
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Financial Year Result (Losses) |
- |
4.4 |
- |
Annual Balance Sheet
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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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Software |
0.0 |
0.1 |
0.1 |
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Total Intangible Fixed Assets |
0.0 |
0.1 |
0.1 |
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Land and Construction |
6.2 |
6.9 |
7.3 |
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Technical
Installations and Machinery |
0.3 |
0.4 |
0.5 |
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Other Installations,
Tools, and Furniture |
1.0 |
1.6 |
1.9 |
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Other Tangible Assets |
0.2 |
0.3 |
0.4 |
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Total Tangible Fixed Assets |
7.6 |
9.2 |
10.2 |
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Investments in Group
Companies |
- |
- |
0.1 |
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Long-Term Securities
Portfolio |
- |
- |
0.0 |
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Long-Term Guarantees
and Deposits |
0.0 |
0.0 |
0.1 |
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Financial Investments |
0.0 |
0.0 |
0.2 |
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Total Fixed Assets |
7.7 |
9.3 |
10.5 |
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Goods for Resale |
1.7 |
4.6 |
14.0 |
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Raw Materials and
Other Consumables |
2.8 |
3.1 |
20.2 |
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Goods in Process |
1.4 |
1.9 |
8.6 |
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Finished Products |
1.4 |
4.9 |
4.2 |
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Payments on Account |
0.0 |
0.0 |
0.1 |
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Total Stocks |
7.3 |
14.5 |
47.1 |
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Trade Debtors |
5.8 |
6.9 |
15.5 |
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Receivables, Group
Companies |
2.7 |
21.1 |
2.2 |
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Staff |
0.1 |
0.1 |
0.1 |
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Public Bodies |
3.9 |
3.3 |
2.3 |
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Total Debtors |
12.5 |
31.3 |
20.1 |
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Cash |
0.2 |
0.6 |
0.8 |
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Prepayments and Accrued Income |
0.0 |
0.1 |
0.1 |
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Total Current Assets |
20.0 |
46.4 |
68.1 |
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Total Assets |
27.7 |
55.7 |
78.6 |
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Legal Reserve |
0.3 |
0.3 |
0.3 |
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Miscellaneous Reserves |
8.8 |
29.5 |
28.4 |
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Total Reserves |
9.1 |
29.9 |
28.7 |
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Profit or Loss for the Financial Year |
2.3 |
-4.5 |
0.2 |
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Total Equity |
13.0 |
27.1 |
30.6 |
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Provisions for Pension
Fund |
0.2 |
- |
- |
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Other Provisions |
0.9 |
0.9 |
0.3 |
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Total Provisions for Liabilities and Charges |
1.1 |
0.9 |
0.3 |
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Loans and Other
Liabilities |
- |
- |
1.0 |
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Total Amounts Owed to Credit Institutions |
- |
- |
1.0 |
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Total Long Term Liabilities |
- |
- |
1.0 |
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Loans and Other Liabilities |
1.6 |
1.8 |
33.7 |
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Total Amounts Owed to Credit Institutions |
1.6 |
1.8 |
33.7 |
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Amounts Owed to Group
Companies |
2.5 |
14.4 |
1.6 |
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Total Short-Term Amounts Owed to Group and
Associa |
2.5 |
14.4 |
1.6 |
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Advanced Payments from
Customers |
0.5 |
- |
0.1 |
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Amounts Owed for
Purchases of Goods or Services |
5.2 |
7.9 |
8.2 |
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Total Trade Creditors |
5.7 |
7.9 |
8.3 |
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Public Bodies |
0.3 |
0.5 |
-0.2 |
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Wages and Salaries
Payable |
0.9 |
0.1 |
0.2 |
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Guarantees and
Deposits Received at Short Term |
0.2 |
0.1 |
0.7 |
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Total Other Creditors |
1.4 |
0.8 |
0.7 |
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Provisions |
2.3 |
2.8 |
2.4 |
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Prepayments and Accrued Income |
0.0 |
- |
- |
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Total Short Term Creditors |
13.6 |
27.7 |
46.7 |
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Total Liabilities and Equity |
27.7 |
55.7 |
78.6 |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.51.15 |
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1 |
Rs.81.79 |
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Euro |
1 |
Rs.68.34 |
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.