MIRA
INFORM REPORT
|
Report Date : |
18.12.2012 |
IDENTIFICATION DETAILS
|
Name : |
NOVELIS DEUTSCHLAND GMBH |
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Formerly Known As : |
Alcan Deutschland GmbH |
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Registered Office : |
Hannoversche Strasse 1, Gottingen, 37075 |
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Country : |
Germany |
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Financials (as on) : |
31.03.2012 |
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Year of Establishment : |
1909 |
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Com. Reg. No.: |
772 |
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Legal Form : |
Private Subsidiary Company |
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Line of Business : |
Production and sale of semi-finished aluminium rolled products,
industrial and building products, aluminium foil, aluminium containers,
flexible tubes |
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|
No. of Employees : |
2,342 employees |
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 |
|
Payment Behaviour : |
No Complaints |
|
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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
Germany |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
|
Off-credit |
D |
germany - ECONOMIC OVERVIEW
The German economy - the fifth largest economy in the world in PPP terms and Europe's largest - is a leading exporter of machinery, vehicles, chemicals, and household equipment and benefits from a highly skilled labor force. Like its Western European neighbors, Germany faces significant demographic challenges to sustained long-term growth. Low fertility rates and declining net immigration are increasing pressure on the country's social welfare system and necessitate structural reforms. Reforms launched by the government of Chancellor Gerhard SCHROEDER (1998-2005), deemed necessary to address chronically high unemployment and low average growth, contributed to strong growth in 2006 and 2007 and falling unemployment. These advances, as well as a government subsidized, reduced working hour scheme, help explain the relatively modest increase in unemployment during the 2008-09 recession - the deepest since World War II - and its decrease to 6.0% in 2011. GDP contracted 5.1% in 2009 but grew by 3.6% in 2010, and 2.7% in 2011. The recovery was attributable primarily to rebounding manufacturing orders and exports - increasingly outside the Euro Zone. Germany's central bank projects that GDP will grow 0.6% in 2012, a reflection of the worsening euro-zone financial crisis and the financial burden it places on Germany as well as falling demand for German exports. Domestic demand is therefore becoming a more significant driver of Germany's economic expansion. Stimulus and stabilization efforts initiated in 2008 and 2009 and tax cuts introduced in Chancellor Angela MERKEL's second term increased Germany's budget deficit to 3.3% in 2010, but slower spending and higher tax revenues reduce the deficit to 1.7% in 2011, below the EU's 3% limit. A constitutional amendment approved in 2009 limits the federal government to structural deficits of no more than 0.35% of GDP per annum as of 2016. Following the March 2011 Fukushima nuclear disaster, Chancellor Angela Merkel announced in May 2011 that eight of the country's 17 nuclear reactors would be shut down immediately and the remaining plants would close by 2022. Germany hopes to replace nuclear power with renewable energy. Before the shutdown of the eight reactors, Germany relied on nuclear power for 23% of its energy and 46% of its base-load electrical production.
|
Source : CIA |
Company name & address
Novelis Deutschland GmbH
Hannoversche Strasse 1
Gottingen, 37075
Germany
Tel: 49 (551) 3040
Fax: 49 (551) 304 430
Web: www.novelis-goettingen.de
Synthesis
Employees: 2,342
Company Type: Private Subsidiary
Corporate Family: 125
Companies
Ultimate Parent: Aditya
Birla Group
Incorporation Date: 1909
Auditor: PricewaterhouseCoopers
Financials in: USD
(Millions)
Fiscal Year End:
31-Mar-2012
Reporting Currency: Euro
Annual Sales:
3,020.3
Total Assets:
828.1
Business Description
Production and sale of semi-finished aluminium rolled products,
industrial and building products, aluminium foil, aluminium containers,
flexible tubes
Industry
Industry Miscellaneous Fabricated Products
ANZSIC 2006: 2142 - Aluminium
Rolling, Drawing, Extruding
NACE 2002: 2742 - Aluminium
production
NAICS 2002: 331319 - Other
Aluminum Rolling and Drawing
UK SIC 2003: 2742 - Aluminium
production
UK SIC 2007: 2442 - Aluminium
production
US SIC 1987: 3355 - Aluminum Rolling
and Drawing, Not Elsewhere Classified
Key Executives
|
Name |
Title |
|
Roland Harings |
Managing director |
|
Gottfried Weindl |
Managing director |
|
Ingo Schmidtke |
Executive |
|
Antonio Nardocci |
Chairman of the board of directors |
1 - Profit & Loss Item Exchange Rate: USD 1 = EUR 0.7269425
2 - Balance Sheet Item Exchange Rate: USD 1 = EUR 0.7534632
Corporate Overview
Location
Hannoversche Strasse 1
Göttingen, 37075
Germany
Tel: 49 (551) 3040
Fax: 49 (551) 304 430
Web: www.novelis-goettingen.de
Sales EUR(mil): 2,195.6
Assets EUR(mil): 624.0
Employees: 2,342
Fiscal Year End: 31-Mar-2012
Industry: Miscellaneous
Fabricated Products
Incorporation Date: 1909
Company Type: Private
Subsidiary
Quoted Status: Not
Quoted
Previous Name: Alcan
Deutschland GmbH
Registered No.(DEU): 772
Chairman of the
board of directors:
Antonio Nardocci
Contents
Industry Codes
Business Description
Brand/Trade Names
Financial Data
Subsidiaries
Key Corporate Relationships
Industry Codes
ANZSIC 2006 Codes:
2142 - Aluminium Rolling, Drawing, Extruding
2229 - Other Structural Metal Product Manufacturing
2132 - Aluminium Smelting
NACE 2002 Codes:
2742 - Aluminium production
2812 - Manufacture of builders' carpentry and joinery of metal
NAICS 2002 Codes:
331319 - Other Aluminum Rolling and Drawing
331312 - Primary Aluminum Production
331315 - Aluminum Sheet, Plate, and Foil Manufacturing
332321 - Metal Window and Door Manufacturing
331316 - Aluminum Extruded Product Manufacturing
US SIC 1987:
3355 - Aluminum Rolling and Drawing, Not Elsewhere Classified
3334 - Primary Production of Aluminum
3354 - Aluminum Extruded Products
3353 - Aluminum Sheet, Plate, and Foil
3442 - Metal Doors, Sash, Frames, Molding, and Trim Manufacturing
UK SIC 2003:
2742 - Aluminium production
2812 - Manufacture of builders' carpentry and joinery of metal
UK SIC 2007:
2442 - Aluminium production
2512 - Manufacture of doors and windows of metal
Business
Description
Production and sale of semi-finished aluminium rolled products,
industrial and building products, aluminium foil, aluminium containers,
flexible tubes
More Business
Descriptions
Novelis Deutschland GmbH is primarily engaged in production of aluminium from alumina; production of aluminium from electrolytic refining of aluminium waste and scrap; production of aluminium alloys; and semi-manufacturing of aluminium. This class also includes: production of aluminium oxide (alumina); and production of aluminium wrapping foil.
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Corporate Family |
Corporate
Structure News: |
|
|
Aditya
Birla Group |
|
Novelis Deutschland GmbH |
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|
Company
Name |
Company
Type |
Location |
Country |
Industry |
Sales |
Employees |
|
|
Parent |
Mumbai, MH |
India |
Public Sector and Government |
|
133,000 |
|
|
|
Acquisition of
Buchanan Forest Products, Ltd. proposed/announced.See corporate
structure news on Aditya
Birla Group for details |
|||||||
|
Affiliates |
Mumbai |
India |
Metal Mining |
17,037.2 |
19,975 |
|
|
|
Subsidiary |
Atlanta, GA |
United States |
Miscellaneous Fabricated Products |
11,063.0 |
11,620 |
|
|
|
Subsidiary |
Göttingen, Niedersachsen |
Germany |
Miscellaneous Fabricated Products |
3,020.3 |
2,300 |
|
|
|
Branch |
Oswego, NY |
United States |
Miscellaneous Fabricated Products |
2.7 |
800 |
|
|
|
Subsidiary |
Sierre, Valais |
Switzerland |
Miscellaneous Fabricated Products |
|
375 |
|
|
|
Subsidiary |
Kelang, Selangor Darul Eshan |
Malaysia |
Miscellaneous Fabricated Products |
71.0 |
360 |
|
|
|
Subsidiary |
Terre Haute, IN |
United States |
Miscellaneous Fabricated Products |
9.1 |
225 |
|
|
|
Branch |
Fairmont, WV |
United States |
Miscellaneous Fabricated Products |
122.8 |
200 |
|
|
|
Subsidiary |
Atlanta, GA |
United States |
Miscellaneous Fabricated Products |
|
200 |
|
|
|
Division |
Toronto, ON |
Canada |
Miscellaneous Fabricated Products |
94.9 |
200 |
|
|
|
Division |
Barnesville, GA |
United States |
Miscellaneous Fabricated Products |
6.2 |
50 |
|
|
|
Division |
Mayfield Heights, OH |
United States |
Miscellaneous Fabricated Products |
0.5 |
2 |
|
|
|
Division |
Mayfield Heights, OH |
United States |
Miscellaneous Fabricated Products |
|
|
|
|
|
Branch |
Berea, KY |
United States |
Miscellaneous Fabricated Products |
4.2 |
121 |
|
|
|
Branch |
Warren, OH |
United States |
Miscellaneous Fabricated Products |
62.9 |
110 |
|
|
|
Branch |
Greensboro, GA |
United States |
Miscellaneous Fabricated Products |
7.7 |
96 |
|
|
|
Subsidiary |
Villefranche Sur Saone |
France |
Fabricated Plastic and Rubber |
18.5 |
74 |
|
|
|
Branch |
Louisville, KY |
United States |
Miscellaneous Fabricated Products |
10.6 |
15 |
|
|
|
Branch |
Nashville, TN |
United States |
Miscellaneous Fabricated Products |
8.4 |
15 |
|
|
|
Branch |
Novi, MI |
United States |
Miscellaneous Fabricated Products |
7.1 |
12 |
|
|
|
Branch |
Hinsdale, IL |
United States |
Miscellaneous Fabricated Products |
3.4 |
6 |
|
|
|
Branch |
Newtown Square, PA |
United States |
Miscellaneous Fabricated Products |
3.2 |
6 |
|
|
|
Branch |
Atlanta, GA |
United States |
Miscellaneous Fabricated Products |
3.1 |
6 |
|
|
|
Branch |
Greensboro, GA |
United States |
Miscellaneous Fabricated Products |
1.0 |
2 |
|
|
|
Branch |
La Grange, KY |
United States |
Miscellaneous Fabricated Products |
4.2 |
1 |
|
|
|
Subsidiary |
Warrington |
United Kingdom |
Business Services |
0.0 |
|
|
|
|
Subsidiary |
Bridgnorth |
United Kingdom |
Construction - Supplies and Fixtures |
321.8 |
171 |
|
|
|
Subsidiary |
Warrington |
United Kingdom |
Business Services |
46.6 |
|
|
|
|
Subsidiary |
Kuesnacht |
Switzerland |
Miscellaneous Fabricated Products |
|
|
|
|
|
Subsidiary |
Mumbai, Maharashtra |
India |
Miscellaneous Fabricated Products |
1.0 |
2,660 |
|
|
|
Branch |
Mumbai |
India |
Miscellaneous Fabricated Products |
1.0 |
150 |
|
|
|
Branch |
New Delhi |
India |
Miscellaneous Fabricated Products |
1.0 |
70 |
|
|
|
Branch |
Bangalore |
India |
Miscellaneous Fabricated Products |
1.0 |
36 |
|
|
|
Branch |
Kolkata, West Bengal |
India |
Miscellaneous Fabricated Products |
1.0 |
6 |
|
|
|
Subsidiary |
Palamau |
India |
Chemical Manufacturing |
130.6 |
927 |
|
|
|
Subsidiary |
Mumbai, Maharashtra |
India |
Metal Mining |
1.0 |
13 |
|
|
|
Novelis Inc |
Subsidiary |
|
|
|
|
|
|
|
Subsidiary |
SĂ£o Paulo, SP |
Brazil |
Miscellaneous Fabricated Products |
1,454.9 |
1,900 |
|
|
|
Subsidiary |
Yeongju-si, Gyeongsangbuk-do |
Korea, Republic of |
Miscellaneous Fabricated Products |
1,867.2 |
1,310 |
|
|
|
Subsidiary |
Bresso, MI |
Italy |
Metal Mining |
281.1 |
433 |
|
|
|
Subsidiary |
Toronto, ON |
Canada |
Miscellaneous Fabricated Products |
8,674.4 |
350 |
|
|
|
Subsidiary |
Klang |
Malaysia |
Miscellaneous Fabricated Products |
89.7 |
366 |
|
|
|
Subsidiary |
Klang, Selangor |
Malaysia |
Miscellaneous Fabricated Products |
37.9 |
21 |
|
|
|
Subsidiary |
SĂ£o Paulo, SP |
Brazil |
Containers and Packaging |
|
|
|
|
|
Branch |
Pindamonhangaba, Sao Paulo |
Brazil |
Metal Mining |
1,454.9 |
4,000 |
|
|
|
Branch |
Candeias, Bahia (Ba) |
Brazil |
Metal Mining |
1,454.9 |
4,000 |
|
|
|
Subsidiary |
Dudelange |
Luxembourg |
Miscellaneous Fabricated Products |
145.0 |
330 |
|
|
|
Subsidiary |
Kingston, ON |
Canada |
Biotechnology and Drugs |
|
110 |
|
|
|
Subsidiary |
Voreppe |
France |
Miscellaneous Fabricated Products |
33.8 |
48 |
|
|
|
Subsidiary |
Montaigu |
France |
Construction and Agriculture Machinery |
9.6 |
14 |
|
|
|
Subsidiary |
Ans |
Belgium |
Construction - Supplies and Fixtures |
0.0 |
|
|
|
|
Subsidiary |
Mumbai |
India |
Insurance (Life) |
4,624.2 |
19,750 |
|
|
|
Subsidiary |
Bangalore |
India |
Business Services |
1.0 |
500 |
|
|
|
Subsidiary |
Hooghly |
India |
Textiles - Non Apparel |
1.0 |
250 |
|
|
|
Subsidiary |
Mirzapur, Uttar Pradesh |
India |
Oil and Gas Operations |
1.0 |
250 |
|
|
|
Subsidiary |
Sultanpur |
India |
Chemical Manufacturing |
1.0 |
150 |
|
|
|
Subsidiary |
Bangalore, Karnataka |
India |
Textiles - Non Apparel |
1.0 |
100 |
|
|
|
Subsidiary |
Mumbai, Maharashtra |
India |
Miscellaneous Financial Services |
1.0 |
45 |
|
|
|
Subsidiary |
Mumbai, Maharashtra |
India |
Insurance (Life) |
1,776.8 |
|
|
|
|
Subsidiary |
Sultanpur, Uttar Pradesh |
India |
Chemical Manufacturing |
1.0 |
|
|
|
|
Subsidiary |
Veraval |
India |
Textiles - Non Apparel |
1.0 |
|
|
|
|
Subsidiary |
Panchamahals |
India |
Construction - Supplies and Fixtures |
1.0 |
|
|
|
|
Subsidiary |
Mumbai |
India |
Insurance (Life) |
|
|
|
|
|
Birla Sunlife Distribution Company Limited |
Subsidiary |
|
|
|
|
|
|
|
Subsidiary |
Toronto, ON |
Canada |
Business Services |
290.7 |
7,030 |
|
|
|
Branch |
Mississauga, ON |
Canada |
Business Services |
63.9 |
1,000 |
|
|
|
Branch |
Halifax, NS |
Canada |
Business Services |
19.6 |
300 |
|
|
|
Subsidiary |
Farmington Hills, MI |
United States |
Business Services |
30.0 |
100 |
|
|
|
Branch |
Hamilton, ON |
Canada |
Business Services |
0.2 |
3 |
|
|
|
Affiliates |
Mumbai |
India |
Construction - Raw Materials |
5,426.1 |
6,618 |
|
|
|
Subsidiary |
Mumbai |
India |
Construction - Raw Materials |
4,093.4 |
12,089 |
|
|
|
Subsidiary |
Mumbai, Maharashtra |
India |
Construction - Raw Materials |
1.0 |
|
|
|
|
Subsidiary |
Mandsaur, Madhya Pradesh |
India |
Construction - Raw Materials |
1.0 |
29 |
|
|
|
Subsidiary |
Gulbarga, Karnataka |
India |
Construction - Raw Materials |
1.0 |
25 |
|
|
|
Subsidiary |
Dist Ariyalur, Tamilnadu |
India |
Construction - Raw Materials |
1.0 |
25 |
|
|
|
Subsidiary |
Bharuch, Gujarat |
India |
Textiles - Non Apparel |
1.0 |
13 |
|
|
|
Subsidiary |
Jodhpur, Rajasthan |
India |
Construction - Raw Materials |
1.0 |
9 |
|
|
|
Subsidiary |
Nagda |
India |
Textiles - Non Apparel |
1.0 |
|
|
|
|
Subsidiary |
Kumarpatanam |
India |
Textiles - Non Apparel |
1.0 |
|
|
|
|
Subsidiary |
Chittorgarh |
India |
Construction - Raw Materials |
1.0 |
|
|
|
|
Subsidiary |
Gwalior, Madhya Pradesh |
India |
Textiles - Non Apparel |
1.0 |
|
|
|
|
Subsidiary |
Raigad |
India |
Iron and Steel |
1.0 |
|
|
|
|
Subsidiary |
Chhatisgarh |
India |
Construction - Raw Materials |
1.0 |
|
|
|
|
Subsidiary |
Bhiwani |
India |
Textiles - Non Apparel |
1.0 |
|
|
|
|
Subsidiary |
Nagda |
India |
Chemical Manufacturing |
1.0 |
|
|
|
|
Subsidiary |
Purwakarta, Jawa Bharat |
Indonesia |
Apparel and Accessories |
|
1,800 |
|
|
|
Subsidiary |
Marietta, GA |
United States |
Chemical Manufacturing |
2.8 |
1,300 |
|
|
|
Subsidiary |
Marietta, GA |
United States |
Miscellaneous Financial Services |
|
|
|
|
|
Subsidiary |
Yosu, Chollanam-Do |
Korea, Republic of |
Chemical Manufacturing |
170.4 |
|
|
|
|
Subsidiary |
Seoul |
Korea, Republic of |
Chemical Manufacturing |
|
|
|
|
|
Subsidiary |
Sao Paulo, SP |
Brazil |
Chemical Manufacturing |
|
|
|
|
|
Subsidiary |
Hannover |
Germany |
Chemical Manufacturing |
|
|
|
|
|
Affiliates |
Bangkok |
Thailand |
Chemicals - Plastics and Rubber |
172.8 |
1,002 |
|
|
|
Affiliates |
Bangkok |
Thailand |
Chemical Manufacturing |
354.9 |
308 |
|
|
|
Affiliates |
Bangkok |
Thailand |
Textiles - Non Apparel |
1.0 |
40 |
|
|
|
Affiliates |
Samut Prakan |
Thailand |
Chemical Manufacturing |
|
15 |
|
|
|
Subsidiary |
Chennai |
India |
Investment Services |
20.3 |
930 |
|
|
|
Subsidiary |
Mumbai |
India |
Investment Services |
|
361 |
|
|
|
Subsidiary |
Riverview, NB |
Canada |
Business Services |
45.7 |
700 |
|
|
|
Subsidiary |
Örnsköldsvik, Västernorrland |
Sweden |
Chemical Manufacturing |
295.7 |
361 |
|
|
|
Joint Venture |
Chennai |
India |
Chemical Manufacturing |
31.0 |
230 |
|
|
|
Subsidiary |
Bangkok |
Thailand |
Chemical Manufacturing |
|
200 |
|
|
|
Subsidiary |
Milwaukee, WI |
United States |
Business Services |
11.7 |
65 |
|
|
|
Subsidiary |
Mumbai |
India |
Miscellaneous Financial Services |
|
50 |
|
|
|
Subsidiary |
Kolkata |
India |
Metal Mining |
1.0 |
72,000 |
|
|
|
Subsidiary |
Mumbai |
India |
Communications Services |
4,079.8 |
7,661 |
|
|
|
Subsidiary |
Mumbai |
India |
Communications Services |
|
400 |
|
|
|
Subsidiary |
New Delhi, Delhi |
India |
Communications Services |
91.5 |
|
|
|
|
Subsidiary |
Jakarta |
Indonesia |
Chemicals - Plastics and Rubber |
|
1,418 |
|
|
|
Subsidiary |
Pathumwan, Bangkok |
Thailand |
Chemicals - Plastics and Rubber |
75.0 |
958 |
|
|
|
Subsidiary |
Marilao |
Philippines |
Textiles - Non Apparel |
14.5 |
850 |
|
|
|
Subsidiary |
Perth, WA |
Australia |
Metal Mining |
520.8 |
522 |
|
|
|
Subsidiary |
WA |
Australia |
Metal Mining |
29.2 |
240 |
|
|
|
Subsidiary |
Mount Isa Dc, QLD |
Australia |
Metal Mining |
29.2 |
200 |
|
|
|
Joint Venture |
Saint John, NB |
Canada |
Chemical Manufacturing |
206.7 |
300 |
|
|
|
Subsidiary |
Jakarta, Jakarta |
Indonesia |
Textiles - Non Apparel |
|
200 |
|
|
|
Subsidiary |
Bangkok |
Thailand |
Chemical Manufacturing |
1.0 |
150 |
|
|
|
Subsidiary |
Kaeng Khoi, Saraburi |
Thailand |
Chemical Manufacturing |
|
100 |
|
|
|
Branch |
Samrong Thap, Samut Prakan |
Thailand |
Chemical Manufacturing |
|
|
|
|
|
Subsidiary |
Singapore |
Singapore |
Oil and Gas Operations |
2,806.3 |
130 |
|
|
|
Subsidiary |
Mumbai, Maharashtra |
India |
Investment Services |
1.0 |
70 |
|
|
|
Subsidiary |
Port Robinson, ON |
Canada |
Business Services |
0.1 |
2 |
|
|
|
Subsidiary |
Jakarta, Jakarta |
Indonesia |
Textiles - Non Apparel |
|
|
|
|
|
Subsidiary |
West Java |
Indonesia |
Apparel and Accessories |
|
701 |
|
|
Executive report
|
Board of
Directors |
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Chairman of the board of directors |
Chairman |
|
|
Executives |
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Managing director |
Managing Director |
|
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|
Managing director |
Managing Director |
|
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|
Executive |
Other |
|
Annual
Profit & Loss
|
|
31-Mar-2012 |
31-Mar-2011 |
31-Mar-2010 |
|
Period Length |
12 Months |
12 Months |
12 Months |
|
Filed Currency |
EUR |
EUR |
EUR |
|
Exchange Rate
(Period Average) |
0.726943 |
0.757168 |
0.70861 |
|
Consolidated |
No |
No |
No |
|
|
|
|
|
|
Total income |
3,020.3 |
2,852.2 |
2,347.5 |
|
Net sales |
3,020.3 |
2,852.2 |
2,347.5 |
|
Other operating income |
16.3 |
24.3 |
23.1 |
|
Cost of sales |
2,661.1 |
2,535.2 |
2,104.0 |
|
Gross profit |
359.2 |
317.0 |
243.5 |
|
Advertising, distribution, and commercial expenses |
114.5 |
109.7 |
116.8 |
|
General expenses |
48.4 |
23.4 |
20.7 |
|
Other operating costs |
88.2 |
66.3 |
54.7 |
|
Net operating income |
124.2 |
141.9 |
74.5 |
|
Interest received from loans |
- |
1.4 |
1.1 |
|
Income received from associated companies |
0.5 |
0.3 |
0.3 |
|
Other income |
0.5 |
0.1 |
0.9 |
|
Interest payable on loans |
14.9 |
12.8 |
5.2 |
|
Total expenses |
13.9 |
11.0 |
2.9 |
|
Profit before tax |
110.3 |
130.9 |
71.6 |
|
Provisions |
202.0 |
161.4 |
165.3 |
|
Extraordinary expenses |
2.4 |
2.0 |
- |
|
Extraordinary result |
-2.4 |
-2.0 |
- |
|
Total taxation |
0.0 |
0.2 |
0.1 |
|
Profit distributed to shareholders |
-107.9 |
-128.8 |
-71.5 |
Annual Balance Sheet
Financials in: USD (mil)
|
|
31-Mar-2012 |
31-Mar-2011 |
31-Mar-2010 |
|
Filed Currency |
EUR |
EUR |
EUR |
|
Exchange Rate |
0.753463 |
0.704672 |
0.739044 |
|
Consolidated |
No |
No |
No |
|
|
|
|
|
|
Issued capital |
148.0 |
158.2 |
150.9 |
|
Capital reserves |
12.3 |
13.2 |
12.6 |
|
Profits for the year |
5.9 |
6.3 |
6.0 |
|
Total stockholders equity |
166.3 |
177.8 |
169.5 |
|
Deferred taxation |
0.1 |
0.1 |
5.7 |
|
Other provisions |
83.8 |
61.5 |
53.7 |
|
Provision for pensions |
111.0 |
111.9 |
99.1 |
|
Provisions and allowances |
194.9 |
173.5 |
158.5 |
|
Trade creditors |
245.0 |
269.0 |
194.8 |
|
Taxation and social security |
7.7 |
10.8 |
8.0 |
|
Due to group companies |
163.1 |
185.6 |
124.7 |
|
Owing to participants |
51.3 |
50.1 |
47.6 |
|
Total current liabilities |
467.0 |
515.6 |
375.2 |
|
Total liabilities (including net worth) |
828.1 |
866.8 |
703.2 |
|
Patents |
0.2 |
0.3 |
1.0 |
|
Goodwill |
0.4 |
0.5 |
- |
|
Intangibles |
0.6 |
0.8 |
1.0 |
|
Land and buildings |
41.1 |
45.4 |
45.4 |
|
Machinery and tools |
33.9 |
41.2 |
48.7 |
|
Fixtures and equipment |
41.1 |
45.4 |
45.4 |
|
Fixed assets under construction |
13.3 |
12.1 |
6.4 |
|
Total tangible fixed assets |
101.0 |
110.2 |
111.6 |
|
Long-term investments |
40.9 |
43.8 |
41.7 |
|
Shares held in associated companies |
34.5 |
36.9 |
35.2 |
|
Total financial assets |
91.2 |
99.9 |
97.6 |
|
Loans to participants |
15.8 |
19.3 |
20.7 |
|
Total non-current assets |
192.7 |
210.9 |
210.1 |
|
Raw materials |
76.7 |
78.4 |
38.6 |
|
Work in progress |
55.8 |
74.5 |
66.3 |
|
Finished goods |
77.3 |
96.7 |
88.3 |
|
Net stocks and work in progress |
209.9 |
249.6 |
193.1 |
|
Trade debtors |
3.2 |
0.5 |
2.9 |
|
Other receivables |
11.7 |
9.3 |
17.4 |
|
Total receivables |
418.1 |
399.0 |
292.9 |
|
Owing from associated companies |
369.9 |
360.8 |
248.5 |
|
Owing from participants |
33.2 |
28.4 |
24.1 |
|
Cash and liquid assets |
4.9 |
5.8 |
5.4 |
|
Total current assets |
632.9 |
654.3 |
491.5 |
|
Prepaid expenses and deferred costs |
2.5 |
1.6 |
1.6 |
|
Total assets |
828.1 |
866.8 |
703.2 |
Annual Ratios
Financials in: USD (mil)
|
|
31-Mar-2012 |
31-Mar-2011 |
31-Mar-2010 |
|
Period Length |
12 Months |
12 Months |
12 Months |
|
Filed Currency |
EUR |
EUR |
EUR |
|
Exchange Rate |
0.753463 |
0.704672 |
0.739044 |
|
Consolidated |
No |
No |
No |
|
|
|
|
|
|
Current ratio |
13.55 |
12.69 |
13.10 |
|
Acid test ratio |
9.06 |
7.85 |
7.95 |
|
Total liabilities to net worth |
0.28% |
0.29% |
0.22% |
|
Net worth to total assets |
0.02% |
0.02% |
0.02% |
|
Current liabilities to net worth |
0.28% |
0.29% |
0.22% |
|
Current liabilities to stock |
0.22% |
0.21% |
0.19% |
|
Fixed assets to net worth |
0.12% |
0.12% |
0.12% |
|
Collection period |
4.00 |
- |
4.00 |
|
Stock turnover rate |
0.72 |
0.81 |
0.86 |
|
Profit margin |
0.00% |
0.00% |
0.00% |
|
Return on assets |
0.01% |
0.02% |
0.01% |
|
Shareholders' return |
0.06% |
0.08% |
0.04% |
|
Sales per employee |
93.75 |
93.61 |
72.07 |
|
Profit per employee |
3.42 |
4.29 |
2.20 |
|
Net worth |
166.3 |
177.8 |
169.5 |
|
Number of employees |
2,342 |
2,307 |
2,308 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.63 |
|
UK Pound |
1 |
Rs.88.40 |
|
Euro |
1 |
Rs.71.86 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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.