MIRA
INFORM REPORT
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Report Date : |
30.04.2012 |
IDENTIFICATION DETAILS
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Name : |
ELMOTEC STATOMAT VERTRIEBS GMBH |
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Registered Office : |
Max Planek Strabe 20-24, Karben
61184 |
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Country : |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
19.05.1992 |
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Com. Reg. No.: |
71899 |
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Legal Form : |
Private Parent |
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Line of Business : |
Architectural, Engineering and Technical Services |
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No. of Employees : |
12 |
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 : |
Satisfactory |
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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 30, 2011
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Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
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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
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Elmotec Statomat Vertriebs GmbH |
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Employees: |
12 |
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Company Type: |
Private Parent |
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Corporate
Family: |
2 Companies |
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Incorporation
Date: |
19-Jun-1992 |
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Fiscal Year End: |
31-Dec-2010 |
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Reporting
Currency: |
Euro |
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Annual Sales: |
NA |
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Total Assets: |
37.2 |
Business Description
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Founded in 1949, Elmotec Statomat Vertriebs GmbH specialises in the production
of semi-automatic insulating, winding and inserting machines. The company
offers fully automatic washing machine motors and automotive alternators. It
provides stand-alone core building, forming and lacing systems. The company
offers cutting machines for wedge strips and slot insulation and separators.
It provides coil inserting systems for the production of generators, servo
drives, and single- and three-phase motors. The company offers stack making
systems for stators and rotors. It also provides a variety of alternator and
segmented stators. The company offers product support and after sales
services. It provides solutions to numerous small- and medium-sized
companies. The company uses CAD and computer aided manufacturing systems to
design, manufacture and assemble products. |
Industry
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Industry |
Miscellaneous
Capital Goods |
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ANZSIC 2006: |
2499 - Other
Machinery and Equipment Manufacturing Not Elsewhere Classified |
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NACE 2002: |
2956 - Manufacture
of other special purpose machinery not elsewhere classified |
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NAICS 2002: |
333298 - All
Other Industrial Machinery Manufacturing |
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2956 -
Manufacture of other special purpose machinery not elsewhere classified |
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US SIC 1987: |
3559 - Special
Industry Machinery, Not Elsewhere Classified |
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Key Executives
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Registered No.(DEU)
71899
Profit & Loss Item Exchange Rate: USD 1 = EUR 0.7550783
Balance Sheet Item Exchange Rate: USD 1 = EUR 0.7454064
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Industry
Codes
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Business
Description
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Financial
Data
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Subsidiaries
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Key Corporate Relationships
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Corporate Structure News
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Elmotec Statomat Vertriebs GmbH |
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Company Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
Source |
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Parent |
Karben, Hessen |
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Miscellaneous Capital Goods |
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12 |
D&B |
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Subsidiary |
Karben, Hessen |
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Miscellaneous Capital Goods |
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170 |
D&B |
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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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Taxes and social security costs |
0.2 |
0.2 |
0.2 |
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Total payroll costs |
1.6 |
1.8 |
2.1 |
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Fixed asset depreciation and amortisation |
0.0 |
0.0 |
0.0 |
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Other operating costs |
10.0 |
11.4 |
16.3 |
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Net operating income |
-1.7 |
-2.2 |
4.6 |
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Other income |
1.5 |
1.6 |
1.8 |
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Interest payable on loans |
1.7 |
2.0 |
3.0 |
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Other expenses |
- |
0.0 |
- |
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Total expenses |
0.2 |
0.4 |
1.1 |
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Profit before tax |
-1.9 |
-2.6 |
3.5 |
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Extraordinary income |
9.6 |
- |
- |
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Provisions |
2.2 |
1.6 |
1.7 |
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Extraordinary expenses |
0.0 |
- |
- |
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Extraordinary result |
9.6 |
- |
- |
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Other taxes |
0.0 |
0.0 |
0.0 |
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Total taxation |
0.2 |
-0.2 |
0.7 |
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Net profit |
7.5 |
- |
2.8 |
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Net loss |
- |
-2.4 |
- |
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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Issued capital |
0.3 |
0.3 |
0.3 |
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Profits for the year |
8.2 |
0.7 |
3.1 |
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Profit brought forward from previous year(s) |
0.6 |
3.2 |
0.5 |
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Total stockholders equity |
8.5 |
1.0 |
3.4 |
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Other provisions |
2.2 |
- |
- |
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Provisions and allowances |
2.2 |
1.6 |
1.7 |
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Taxes and social security |
0.2 |
- |
- |
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Total long-term liabilities |
0.2 |
4.7 |
- |
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Trade creditors |
3.6 |
- |
- |
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Advances received |
10.8 |
- |
- |
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Taxation and social security |
8.5 |
- |
- |
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Due to group companies |
3.2 |
- |
- |
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Total current liabilities |
26.2 |
29.4 |
39.0 |
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Total liabilities (including net worth) |
37.2 |
36.8 |
44.1 |
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Land and buildings |
- |
0.0 |
0.0 |
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Machinery and tools |
- |
- |
0.0 |
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Fixtures and equipment |
- |
0.0 |
0.0 |
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Total tangible fixed assets |
0.0 |
0.1 |
0.1 |
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Long-term investments |
0.0 |
0.0 |
0.0 |
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Shares held in associated companies |
4.9 |
5.3 |
5.1 |
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Total financial assets |
5.0 |
5.4 |
5.2 |
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Loans to participants |
0.1 |
0.1 |
- |
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Loans to associated companies |
- |
- |
0.1 |
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Total non-current assets |
5.0 |
5.4 |
5.3 |
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Other receivables |
- |
16.9 |
- |
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Total receivables |
29.4 |
30.8 |
35.6 |
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Owing from associated companies |
- |
13.9 |
- |
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Cash and liquid assets |
2.7 |
0.5 |
3.2 |
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Total current assets |
32.1 |
31.4 |
38.8 |
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Total assets |
37.2 |
36.8 |
44.1 |
Annual Ratios
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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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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 |
12.24 |
10.65 |
9.95 |
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Acid test ratio |
12.24 |
10.65 |
9.95 |
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Total liabilities to net worth |
0.31% |
3.31% |
1.13% |
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Net worth to total assets |
0.02% |
0.00% |
0.01% |
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Current liabilities to net worth |
0.31% |
2.85% |
1.13% |
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Fixed assets to net worth |
0.06% |
0.52% |
0.15% |
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Return on assets |
0.02% |
0.00% |
0.01% |
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Shareholders' return |
0.09% |
-0.24% |
0.08% |
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Profit per employee |
-17.67 |
-14.64 |
15.68 |
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Average wage per employee |
13.56 |
11.00 |
11.93 |
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Net worth |
8.5 |
1.0 |
3.4 |
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Number of employees |
9 |
12 |
12 |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.52.68 |
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1 |
Rs.85.12 |
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Euro |
1 |
Rs.69.38 |
INFORMATION DETAILS
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Report Prepared
by : |
PDT |
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 |
-- |
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.