MIRA
INFORM REPORT
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Report Date : |
01.02.2012 |
IDENTIFICATION DETAILS
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Name : |
GOLDHOFER AG |
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Registered Office : |
Donaustrasse 95 Memmingen, 87700 |
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Country : |
Germany |
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Financials (as on) : |
31.07.2010 |
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Date of Incorporation : |
06.04.2000 |
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Com. Reg. No.: |
10871 |
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Legal Form : |
Public Independent |
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Line of Business : |
Manufacture of lifting and handling equipment |
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No. of Employees : |
640 |
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 : |
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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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
Goldhofer AG
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Business
Description
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Manufacture of heavy goods vehicles, including aircraft recovery
transport systems |
Industry
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Industry |
Miscellaneous Capital Goods |
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ANZSIC 2006: |
2491 - Lifting and Material Handling
Equipment Manufacturing |
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NACE 2002: |
2922 - Manufacture of lifting and handling
equipment |
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NAICS 2002: |
333924 - Industrial Truck, Tractor,
Trailer, and Stacker Machinery Manufacturing |
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UK SIC 2003: |
2922 - Manufacture of lifting and handling
equipment |
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US SIC 1987: |
3537 - Industrial Trucks, Tractors,
Trailers, and Stackers |
Key Executives
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1 - Profit &
Loss Item Exchange Rate: USD 1 = EUR 0.7275557
2 - Balance Sheet Item Exchange Rate: USD 1 = EUR 0.7675775
Corporate Overview
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Executives Report
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Annual Profit
& Loss
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|
31-Jul-2010 |
31-Jul-2009 |
31-Jul-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) |
0.727556 |
0.737573 |
0.673805 |
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Consolidated |
No |
No |
No |
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Total income |
259.2 |
303.2 |
284.7 |
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Raw materials and services |
82.0 |
101.0 |
130.6 |
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Net sales |
259.2 |
303.2 |
284.7 |
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Change in stock |
-12.9 |
6.7 |
12.9 |
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Own work capitalised |
0.4 |
0.5 |
0.3 |
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Other operating income |
4.6 |
4.0 |
4.4 |
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Raw materials and consumables employed |
82.0 |
101.0 |
130.6 |
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Other external charges |
60.4 |
88.5 |
62.2 |
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Cost of goods sold |
142.4 |
189.5 |
192.8 |
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Cost of raw materials |
142.4 |
189.5 |
192.8 |
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Taxes and social security costs |
8.8 |
8.1 |
8.1 |
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Total payroll costs |
48.8 |
51.5 |
51.0 |
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Fixed asset depreciation and amortisation |
4.0 |
3.3 |
3.3 |
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Other operating costs |
60.6 |
72.5 |
68.3 |
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Net operating income |
25.7 |
33.8 |
21.2 |
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Income received from associated companies |
0.1 |
- |
- |
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Other income |
0.4 |
0.2 |
0.1 |
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Interest payable on loans |
0.7 |
0.7 |
0.8 |
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Other expenses |
- |
- |
0.1 |
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Total expenses |
0.2 |
0.4 |
0.8 |
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Profit before tax |
25.5 |
33.4 |
20.3 |
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Provisions |
42.9 |
43.0 |
39.7 |
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Other taxes |
0.1 |
0.0 |
0.0 |
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Total taxation |
7.1 |
9.4 |
5.5 |
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Net profit |
18.3 |
24.0 |
14.8 |
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Annual Balance
Sheet |
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Financials in:
USD (mil) |
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31-Jul-2010 |
31-Jul-2009 |
31-Jul-2008 |
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Filed Currency |
EUR |
EUR |
EUR |
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Exchange Rate |
0.767578 |
0.705343 |
0.640923 |
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Consolidated |
No |
No |
No |
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Issued capital |
39.1 |
42.5 |
25.0 |
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Capital reserves |
0.3 |
0.3 |
0.3 |
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Legal reserves |
3.6 |
3.2 |
2.2 |
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Other reserves |
31.2 |
13.3 |
16.0 |
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Total reserves |
34.8 |
16.6 |
18.2 |
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Profits for the year |
8.5 |
12.0 |
7.8 |
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Total stockholders equity |
82.7 |
71.4 |
51.2 |
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Deferred taxation |
6.6 |
6.1 |
2.9 |
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Other provisions |
20.7 |
24.8 |
23.1 |
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Provision for pensions |
13.4 |
14.1 |
15.7 |
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Provisions and allowances |
40.7 |
45.0 |
41.7 |
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Other debentures |
- |
6.2 |
3.9 |
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Trade accounts payable |
- |
- |
0.0 |
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Taxes and social security |
3.0 |
3.3 |
3.6 |
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Total long-term liabilities |
3.0 |
9.5 |
7.5 |
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Trade creditors |
4.8 |
6.8 |
14.4 |
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Other loans |
- |
0.9 |
- |
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Taxation and social security |
2.5 |
3.4 |
3.8 |
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Total current liabilities |
7.3 |
11.1 |
18.2 |
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Total liabilities (including net worth) |
133.7 |
137.0 |
118.6 |
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Patents |
0.3 |
0.5 |
0.1 |
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Intangibles |
0.3 |
0.5 |
0.1 |
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Land and buildings |
19.4 |
20.5 |
18.8 |
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Machinery and tools |
2.8 |
2.6 |
1.3 |
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Fixtures and equipment |
19.4 |
20.5 |
18.8 |
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Fixed assets under construction |
0.1 |
0.1 |
2.0 |
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Total tangible fixed assets |
29.7 |
30.7 |
29.2 |
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Long-term investments |
0.0 |
0.0 |
0.0 |
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Participating interest |
1.8 |
1.8 |
1.8 |
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Deposits |
19.5 |
- |
- |
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Total financial assets |
21.3 |
1.8 |
1.8 |
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Total non-current assets |
51.3 |
32.9 |
31.1 |
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Net stocks and work in progress |
30.7 |
51.0 |
37.2 |
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Trade debtors |
17.9 |
28.2 |
32.7 |
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Other receivables |
3.6 |
2.4 |
7.2 |
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Total receivables |
21.5 |
30.6 |
39.8 |
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Cash and liquid assets |
29.9 |
21.9 |
9.5 |
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Total current assets |
82.1 |
103.6 |
86.5 |
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Prepaid expenses and deferred costs |
0.3 |
0.5 |
1.0 |
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Total assets |
133.7 |
137.0 |
118.6 |
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Annual Ratios |
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Financials in:
USD (mil) |
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31-Jul-2010 |
31-Jul-2009 |
31-Jul-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 |
0.767578 |
0.705343 |
0.640923 |
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Consolidated |
No |
No |
No |
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Current ratio |
112.60 |
93.38 |
47.53 |
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Acid test ratio |
70.46 |
47.35 |
27.11 |
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Total liabilities to net worth |
0.01% |
0.03% |
0.05% |
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Net worth to total assets |
0.06% |
0.05% |
0.04% |
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Current liabilities to net worth |
0.01% |
0.02% |
0.04% |
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Current liabilities to stock |
0.02% |
0.02% |
0.05% |
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Fixed assets to net worth |
0.06% |
0.05% |
0.06% |
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Collection period |
266.00 |
325.00 |
398.00 |
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Stock turnover rate |
1.25 |
1.61 |
1.24 |
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Profit margin |
0.01% |
0.01% |
0.01% |
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Return on assets |
0.01% |
0.02% |
0.01% |
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Shareholders' return |
0.02% |
0.04% |
0.03% |
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Sales per employee |
29.42 |
34.68 |
31.81 |
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Profit per employee |
2.08 |
2.74 |
1.66 |
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Average wage per employee |
5.54 |
5.89 |
5.69 |
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Net worth |
82.7 |
71.4 |
51.2 |
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Number of employees |
641 |
645 |
603 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.49.68 |
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|
1 |
Rs.78.17 |
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Euro |
1 |
Rs.65.52 |
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.