MIRA INFORM REPORT
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Report Date : |
22.08.2012 |
IDENTIFICATION DETAILS
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Name : |
RASSPE SYSTEMTECHNIK GMBH & CO. KG |
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Registered Office : |
Albert-Einstein-Strasse 15, Wermelskirchen, 42929 |
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Country : |
Germany |
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Financials (as on) : |
30.09.2010 |
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Date of Incorporation : |
07.02.2000 |
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Com. Reg. No.: |
26026 |
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Legal Form : |
Private Subsidiary Company |
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Line of Business : |
Manufacture of mowers including lawn mowers Manufacture of agricultural self-loading or self-unloading trailers or semi-trailers |
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No. of Employees : |
102 employees |
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 : |
Slow but 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 – March 31st, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
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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
Rasspe Systemtechnik GmbH & Co. KG
Albert-Einstein-Strasse 15
Wermelskirchen, 42929
Germany
Tel: +49 (0) 2196 88200
Fax: +49 (0) 2196 8820150
Synthesis
Employees: 102
Company Type: Private
Subsidiary
Corporate Family: 3
Companies
Ultimate Parent: SMF -Holding GmbH
Incorporation Date:
07-Feb-2000
Financials in: USD
(Millions)
Fiscal Year End:
30-Sep-2010
Reporting Currency: Euro
Annual Sales: NA
Total Assets: 10.1
Business Description
Rasspe Systemtechnik GmbH & Co. KG is primarily engaged in manufacture of mowers including lawn mowers; manufacture of agricultural self-loading or self-unloading trailers or semi-trailers; manufacture of agricultural machinery for soil preparation, planting or fertilising (ploughs, manure spreaders, seeders, harrows, etc.); manufacture of harvesting or threshing machinery (harvesters, threshers, sorters, etc.); manufacture of milking machines; manufacture of spraying machinery for agricultural use; and manufacture of diverse agricultural machinery (poultry keeping machinery, bee-keeping machinery, equipment for preparing fodder, etc.; and machines for cleaning, sorting or grading eggs, fruit, seed, grain, etc.).
Industry
Industry Construction and Agriculture
Machinery
ANZSIC 2006: 2461 - Agricultural
Machinery and Equipment Manufacturing
NACE 2002: 2932 - Manufacture
of other agricultural and forestry machinery
NAICS 2002: 33311 -
Agricultural Implement Manufacturing
UK SIC 2003: 2932 - Manufacture
of other agricultural and forestry machinery
US SIC 1987: 3523 - Farm
Machinery and Equipment
Key Executives
|
Name |
Title |
|
Michael Flanhardt |
Limited partner |
|
Franz Greisbach |
Limited partner |
Registered
No.(DEU): 26026
1 - Profit & Loss Item Exchange Rate: USD 1 = EUR 0.7402546
2 - Balance Sheet Item Exchange Rate: USD 1 = EUR 0.7324934
Corporate Overview
Location
Albert-Einstein-Strasse 15
Wermelskirchen, 42929
Germany
Tel: +49 (0) 2196 88200
Fax: +49 (0) 2196 8820150
Sales EUR(mil): NA
Assets EUR(mil): 7.4
Employees: 102
Fiscal Year End: 30-Sep-2010
Industry: Construction
and Agriculture Machinery
Incorporation Date: 07-Feb-2000
Company Type: Private
Subsidiary
Quoted Status: Not
Quoted
Registered No.(DEU): 26026
Limited partner: Franz
Greisbach
Contents
Industry Codes
Business Description
Financial Data
Key Corporate Relationships
Industry Codes
ANZSIC 2006 Codes:
3411 - Agricultural and Construction Machinery Wholesaling
2461 - Agricultural Machinery and Equipment Manufacturing
3494 - Other Electrical and Electronic Goods Wholesaling
2299 - Other Fabricated Metal Product Manufacturing Not Elsewhere
Classified
2499 - Other Machinery and Equipment Manufacturing Not Elsewhere
Classified
NACE 2002 Codes:
2862 - Manufacture of tools
5188 - Wholesale of agricultural machinery and accessories and
implements, including tractors
5143 - Wholesale of electrical household appliances and radio and
television goods
2956 - Manufacture of other special purpose machinery not
elsewhere classified
2932 - Manufacture of other agricultural and forestry machinery
NAICS 2002 Codes:
4236 - Electrical and Electronic Goods Merchant Wholesalers
33311 - Agricultural Implement Manufacturing
333298 - All Other Industrial Machinery Manufacturing
332212 - Hand and Edge Tool Manufacturing
423820 - Farm and Garden Machinery and Equipment Merchant
Wholesalers
US SIC 1987:
3523 - Farm Machinery and Equipment
342 - Cutlery, Handtools, and General Hardware
5083 - Farm and Garden Machinery and Equipment
3569 - General Industrial Machinery and Equipment, Not Elsewhere
Classified
5064 - Electrical Appliances, Television and Radio Sets
UK SIC 2003:
5188 - Wholesale of agricultural machinery and accessories and
implements, including tractors
2956 - Manufacture of other special purpose machinery not
elsewhere classified
2932 - Manufacture of other agricultural and forestry machinery
5143 - Wholesale of electrical household appliances and radio and
television goods
2862 - Manufacture of tools
Business
Description
Rasspe Systemtechnik GmbH & Co. KG is primarily engaged in manufacture of mowers including lawn mowers; manufacture of agricultural self-loading or self-unloading trailers or semi-trailers; manufacture of agricultural machinery for soil preparation, planting or fertilising (ploughs, manure spreaders, seeders, harrows, etc.); manufacture of harvesting or threshing machinery (harvesters, threshers, sorters, etc.); manufacture of milking machines; manufacture of spraying machinery for agricultural use; and manufacture of diverse agricultural machinery (poultry keeping machinery, bee-keeping machinery, equipment for preparing fodder, etc.; and machines for cleaning, sorting or grading eggs, fruit, seed, grain, etc.).
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Corporate
Family |
Corporate
Structure News: |
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Rasspe Systemtechnik
GmbH & Co. KG |
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Rasspe Systemtechnik GmbH & Co. KG |
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Company Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
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SMF -Holding GmbH |
Parent |
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Rasspe Systemtechnik GmbH & Co. KG |
Subsidiary |
Wermelskirchen, Nordrhein-Westfalen |
Germany |
Construction and Agriculture Machinery |
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125 |
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Gebr. Schumacher Gerätebaugesellschaft
mit beschränkter Haftung |
Subsidiary |
Eichelhardt, Rheinland-Pfalz |
Germany |
Construction and Agriculture Machinery |
|
80 |
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Executive report
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Executives |
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Limited partner |
Partner |
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Limited partner |
Partner |
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Annual Profit & Loss
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30-Sep-2010 |
30-Sep-2009 |
30-Sep-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) |
0.740255 |
0.73971 |
0.666382 |
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Consolidated |
No |
No |
No |
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Taxes and social security costs |
1.2 |
1.3 |
1.3 |
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Total payroll costs |
6.9 |
7.8 |
8.2 |
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Fixed asset depreciation and amortisation |
0.4 |
0.3 |
0.3 |
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Other operating costs |
6.5 |
7.3 |
7.9 |
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Net operating
income |
-0.5 |
0.4 |
0.1 |
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Other income |
0.0 |
0.0 |
0.0 |
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Interest payable on loans |
0.6 |
0.7 |
0.6 |
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Total expenses |
0.6 |
0.7 |
0.6 |
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Profit before tax |
-1.1 |
-0.3 |
-0.5 |
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Extraordinary income |
0.7 |
- |
- |
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Provisions |
0.9 |
1.0 |
1.3 |
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Extraordinary result |
0.7 |
- |
- |
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Other taxes |
0.0 |
0.0 |
0.0 |
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Total taxation |
0.0 |
0.1 |
0.1 |
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Net loss |
-0.5 |
-0.3 |
-0.6 |
Annual Balance
Sheet
Financials in: USD (mil)
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|
30-Sep-2010 |
30-Sep-2009 |
30-Sep-2008 |
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Filed Currency |
EUR |
EUR |
EUR |
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Exchange Rate |
0.732493 |
0.684135 |
0.711921 |
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Consolidated |
No |
No |
No |
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Total reserves |
- |
0.3 |
0.3 |
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Profits for the year |
- |
-1.2 |
-0.8 |
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Profit brought forward from previous
year(s) |
- |
-0.8 |
-0.3 |
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Total
stockholders equity |
1.1 |
-0.1 |
0.2 |
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Provisions and allowances |
0.9 |
1.1 |
1.3 |
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Other debentures |
3.5 |
4.0 |
1.7 |
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Taxes and social security |
0.4 |
- |
- |
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Total long-term
liabilities |
3.9 |
4.0 |
1.7 |
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Other loans |
2.0 |
2.1 |
2.4 |
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Taxation and social security |
2.2 |
2.4 |
3.7 |
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Other current liabilities |
- |
1.5 |
1.7 |
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Total current
liabilities |
4.3 |
5.9 |
7.7 |
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Total
liabilities (including net worth) |
10.1 |
10.9 |
11.0 |
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Patents |
0.0 |
0.0 |
0.0 |
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Goodwill |
0.0 |
0.0 |
0.0 |
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Intangibles |
0.0 |
0.0 |
0.1 |
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Land and buildings |
0.4 |
0.4 |
0.1 |
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Machinery and tools |
1.1 |
0.6 |
0.7 |
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Fixtures and equipment |
0.4 |
0.4 |
0.1 |
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Fixed assets under construction |
0.0 |
0.2 |
0.0 |
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Total tangible
fixed assets |
2.1 |
1.6 |
1.2 |
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Total
non-current assets |
2.1 |
1.7 |
1.3 |
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Net stocks and work in progress |
6.2 |
- |
6.2 |
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Total
receivables |
1.6 |
- |
3.4 |
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Cash and liquid assets |
0.0 |
- |
0.0 |
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Short-term investments |
0.1 |
- |
- |
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Total current
assets |
8.0 |
9.1 |
9.6 |
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Prepaid expenses and deferred costs |
0.1 |
0.1 |
0.0 |
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Total assets |
10.1 |
10.9 |
11.0 |
Annual Ratios
Financials in: USD (mil)
|
|
30-Sep-2010 |
30-Sep-2009 |
30-Sep-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 |
0.732493 |
0.684135 |
0.711921 |
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Consolidated |
No |
No |
No |
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Current ratio |
18.73 |
- |
12.41 |
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Acid test ratio |
4.12 |
- |
4.38 |
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Total liabilities to net worth |
0.78% |
-9.40% |
4.25% |
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Net worth to total assets |
0.01% |
0.00% |
0.00% |
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Current liabilities to net worth |
0.40% |
-5.60% |
3.47% |
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Current liabilities to stock |
0.07% |
- |
0.12% |
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Fixed assets to net worth |
0.20% |
-1.60% |
0.58% |
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Return on assets |
0.00% |
0.00% |
0.00% |
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Shareholders' return |
-0.05% |
0.32% |
-0.23% |
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Profit per employee |
-0.83 |
-0.19 |
-0.30 |
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Average wage per employee |
4.98 |
4.62 |
4.47 |
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Net worth |
1.1 |
-0.1 |
0.2 |
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Number of employees |
102 |
125 |
122 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.54 |
|
UK Pound |
1 |
Rs.87.39 |
|
Euro |
1 |
Rs.68.72 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
RATING EXPLANATIONS
|
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 |
|
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 |
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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.