MIRA
INFORM REPORT
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Report Date : |
07.07.2012 |
IDENTIFICATION DETAILS
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Name : |
MKM MANSFELDER KUPFER UND MESSING GMBH |
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Registered Office : |
Lichtlocherberg 40, Hettstedt, 06333 |
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Country : |
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Financials (as on) : |
31.12.2010 |
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Year of Establishment : |
1909 |
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Com. Reg. No.: |
207208 |
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Legal Form : |
Private Subsidiary Company |
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Line of Business : |
Subject is engaged in production of chrome, manganese, nickel, etc., from ores or oxides; production of chrome, manganese, nickel, etc., from electrolytic and aluminothermic refining of chrome, manganese, nickel, etc., waste and scrap; production of chrome, manganese, nickel, etc., alloys; and semi-manufacturing of chrome, manganese, nickel, etc. This class also includes: production of mattes of nickel |
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No. of Employees : |
1063 |
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 – March 31st, 2012
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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
MKM Mansfelder Kupfer und Messing GmbH
LichtlOcherberg 40
Hettstedt, 06333
Germany
Tel: (49) 3476890
Fax: 49 (3476) 81 24 76
Web: www.mkm-hett.de
Registration data
Employees: 1,063
Company Type: Private Subsidiary
Corporate Family: 15
Companies
Ultimate Parent: Kazakhmys
plc
Incorporation Date: 1909
Financials in: USD
(Millions)
Fiscal Year End:
31-Dec-2010
Reporting Currency: Euro
Annual Sales: 1,385.4
Total Assets: 473.4
Business Description
MKM Mansfelder Kupfer und Messing GmbH is primarily engaged in production of chrome, manganese, nickel, etc., from ores or oxides; production of chrome, manganese, nickel, etc., from electrolytic and aluminothermic refining of chrome, manganese, nickel, etc., waste and scrap; production of chrome, manganese, nickel, etc., alloys; and semi-manufacturing of chrome, manganese, nickel, etc. This class also includes: production of mattes of nickel.
Industry
Industry Miscellaneous Fabricated Products
ANZSIC 2006: 2141 - Non-Ferrous
Metal Casting
NACE 2002: 2754 - Casting of
other non-ferrous metals
NAICS 2002: 331525 - Copper
Foundries (except Die-Casting)
UK SIC 2003: 2754 - Casting of
other non-ferrous metals
US SIC 1987: 3366 - Copper Foundries
Key Executives
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Name |
Title |
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Friedrich Flemming |
Managing Director |
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Uwe Vogler |
Director-Finance & Logistics |
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Andreas Maerten |
Manager-Sales |
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Zviad Shelia |
Plant Director |
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Doris Hauk |
Leiterin-Personal |
Registered No.(DEU): 207208
1 - Profit & Loss Item Exchange Rate: USD 1 = EUR 0.7550783
2 - Balance Sheet Item Exchange Rate: USD 1 = EUR 0.7454064
Corporate Overview
Location
Lichtlocherberg 40
Hettstedt, 06333
Germany
Tel: (49) 3476890
Fax: 49 (3476) 81 24 76
Web: www.mkm-hett.de
Sales EUR(mil): 1,046.1
Assets EUR(mil): 352.9
Employees: 1,063
Fiscal Year End: 31-Dec-2010
Industry: Miscellaneous
Fabricated Products
Incorporation Date: 1909
Company Type: Private
Subsidiary
Quoted Status: Not
Quoted
Registered No.(DEU): 207208
Chairman of the board of directors: Matthew
Hird
Contents
Industry Codes
Business Description
Financial Data
Subsidiaries
Key Corporate Relationships
Industry Codes
ANZSIC 2006 Codes:
2149 - Other Basic Non-Ferrous Metal Product Manufacturing
2141 - Non-Ferrous Metal Casting
2133 - Copper, Silver, Lead and Zinc Smelting and Refining
NACE 2002 Codes:
2744 - Copper production
2754 - Casting of other non-ferrous metals
NAICS 2002 Codes:
331421 - Copper Rolling, Drawing, and Extruding
331525 - Copper Foundries (except Die-Casting)
331512 - Steel Investment Foundries
US SIC 1987:
3331 - Primary Smelting and Refining of Copper
3351 - Rolling, Drawing, and Extruding of Copper
3366 - Copper Foundries
UK SIC 2003:
2754 - Casting of other non-ferrous metals
2744 - Copper production
Business
Description
Manufacture of copper and copper products
More Business
Descriptions
Copper & Copper Alloy Products Mfr
MKM Mansfelder Kupfer und Messing GmbH is primarily engaged in production of chrome, manganese, nickel, etc., from ores or oxides; production of chrome, manganese, nickel, etc., from electrolytic and aluminothermic refining of chrome, manganese, nickel, etc., waste and scrap; production of chrome, manganese, nickel, etc., alloys; and semi-manufacturing of chrome, manganese, nickel, etc. This class also includes: production of mattes of nickel.
Other Metal Ore Mining
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Corporate
Family |
Corporate
Structure News: |
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Kazakhmys plc |
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MKM Mansfelder Kupfer und Messing GmbH |
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Company
Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
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Parent |
London |
United Kingdom |
Metal Mining |
3,563.0 |
59,249 |
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Subsidiary |
Almaty |
Kazakhstan |
Metal Mining |
3,237.0 |
60,970 |
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Subsidiary |
Ekibastuz, Pavlodar District |
Kazakhstan |
Electric Utilities |
339.1 |
1,900 |
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Subsidiary |
Hettstedt, Sachsen-Anhalt |
Germany |
Miscellaneous Fabricated Products |
1,385.4 |
1,060 |
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Subsidiary |
Rovigo, Rovigo |
Italy |
Metal Mining |
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4 |
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Subsidiary |
Pittsburgh, PA |
United States |
Metal Mining |
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1 |
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Subsidiary |
Roncq |
France |
Miscellaneous Capital Goods |
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Subsidiary |
London |
United Kingdom |
Business Services |
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340 |
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Subsidiary |
London |
United Kingdom |
Nonclassifiable Industries |
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Subsidiary |
Ashbourne |
United Kingdom |
Personal and Household Products |
0.4 |
4 |
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Subsidiary |
London |
United Kingdom |
Miscellaneous Capital Goods |
3,141.0 |
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Subsidiary |
London |
United Kingdom |
Commercial Banks |
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Subsidiary |
London |
United Kingdom |
Business Services |
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Subsidiary |
London |
United Kingdom |
Commercial Banks |
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Subsidiary |
London |
United Kingdom |
Commercial Banks |
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Executive report
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Board of
Directors |
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Chairman of the board of directors |
Chairman |
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Member of the board of directors |
Director/Board Member |
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Member of the board of directors |
Director/Board Member |
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Member of the board of directors |
Director/Board Member |
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Executives |
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Managing Director |
Managing Director |
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Director-Finance & Logistics |
Finance Executive |
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Leiterin-Personal |
Human Resources Executive |
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Manager-Sales |
Sales Executive |
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Leiter-Presse |
Public Relations Executive |
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Plant Director |
Manufacturing Executive |
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Executive |
Other |
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Executive |
Other |
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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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Total income |
1,385.4 |
1,028.5 |
1,685.1 |
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Raw materials and services |
1,259.3 |
937.7 |
1,516.2 |
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Net sales |
1,385.4 |
1,028.5 |
1,685.1 |
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Change in stock |
18.0 |
28.9 |
-6.3 |
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Own work capitalised |
0.2 |
- |
- |
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Other operating income |
25.8 |
20.5 |
30.7 |
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Raw materials and consumables employed |
1,259.3 |
937.7 |
1,516.2 |
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Other external charges |
6.5 |
4.9 |
8.4 |
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Cost of goods sold |
1,265.8 |
942.6 |
1,524.7 |
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Cost of raw materials |
1,265.8 |
942.6 |
1,524.7 |
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Taxes and social security costs |
9.7 |
9.6 |
10.7 |
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Total payroll costs |
60.7 |
58.8 |
63.8 |
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Fixed asset depreciation and amortisation |
26.9 |
30.8 |
34.1 |
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Other operating costs |
118.9 |
98.5 |
130.0 |
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Net operating income |
16.5 |
-3.6 |
21.9 |
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Income received from associated companies |
- |
0.0 |
0.0 |
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Other income |
0.2 |
0.1 |
0.5 |
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Interest payable on loans |
7.2 |
5.6 |
12.2 |
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Other expenses |
- |
0.0 |
0.0 |
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Total expenses |
6.9 |
5.5 |
11.8 |
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Profit before tax |
9.6 |
-9.1 |
10.1 |
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Extraordinary income |
1.2 |
- |
- |
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Provisions |
24.0 |
18.5 |
20.6 |
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Extraordinary expenses |
0.4 |
- |
- |
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Extraordinary result |
0.8 |
- |
- |
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Other taxes |
0.3 |
0.4 |
0.4 |
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Total taxation |
2.8 |
0.0 |
1.0 |
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Net profit |
7.3 |
- |
8.8 |
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Net loss |
- |
-9.5 |
- |
Annual Balance Sheet
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 |
51.4 |
55.0 |
53.3 |
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Capital reserves |
106.0 |
113.3 |
109.8 |
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Unavailable reserves |
2.2 |
2.4 |
3.0 |
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Profits for the year |
29.7 |
41.3 |
49.5 |
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Total stockholders equity |
187.1 |
209.7 |
212.6 |
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Deferred taxation |
0.8 |
- |
0.0 |
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Other provisions |
12.5 |
19.1 |
19.6 |
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Provisions and allowances |
24.4 |
19.1 |
19.6 |
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Other debentures |
133.0 |
152.1 |
48.1 |
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Trade accounts payable |
- |
0.2 |
- |
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Total long-term liabilities |
133.0 |
152.3 |
48.1 |
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Trade creditors |
37.7 |
32.9 |
10.8 |
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Other loans |
61.5 |
5.4 |
68.9 |
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Taxation and social security |
3.3 |
3.0 |
4.6 |
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Due to group companies |
0.3 |
0.3 |
0.3 |
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Total current liabilities |
102.8 |
41.6 |
84.6 |
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Total liabilities (including net worth) |
473.4 |
456.2 |
404.3 |
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Patents |
1.7 |
2.1 |
1.1 |
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Intangibles |
1.7 |
2.1 |
1.1 |
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Land and buildings |
53.5 |
61.9 |
64.1 |
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Machinery and tools |
81.6 |
97.1 |
111.4 |
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Fixtures and equipment |
53.5 |
61.9 |
64.1 |
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Fixed assets under construction |
3.3 |
1.8 |
4.4 |
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Total tangible fixed assets |
144.4 |
167.0 |
186.4 |
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Shares held in associated companies |
0.5 |
0.5 |
0.5 |
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Deposits |
- |
0.0 |
0.6 |
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Total financial assets |
0.5 |
0.6 |
1.1 |
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Total non-current assets |
146.6 |
169.7 |
188.6 |
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Raw materials |
49.3 |
41.6 |
27.8 |
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Work in progress |
69.1 |
47.5 |
45.4 |
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Finished goods |
63.4 |
74.8 |
44.1 |
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Net stocks and work in progress |
181.8 |
163.8 |
117.4 |
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Trade debtors |
126.1 |
107.1 |
87.3 |
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Other receivables |
12.0 |
12.4 |
10.7 |
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Total receivables |
138.0 |
119.5 |
98.0 |
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Owing from associated companies |
0.0 |
0.0 |
0.0 |
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Cash and liquid assets |
6.0 |
0.3 |
0.2 |
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Total current assets |
325.9 |
283.6 |
215.6 |
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Prepaid expenses and deferred costs |
1.0 |
2.9 |
0.1 |
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Total assets |
473.4 |
456.2 |
404.3 |
Annual Ratios
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 |
31.70 |
68.19 |
25.49 |
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Acid test ratio |
14.01 |
28.80 |
11.61 |
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Total liabilities to net worth |
0.13% |
0.09% |
0.06% |
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Net worth to total assets |
0.04% |
0.05% |
0.05% |
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Current liabilities to net worth |
0.05% |
0.02% |
0.04% |
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Current liabilities to stock |
0.06% |
0.03% |
0.07% |
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Fixed assets to net worth |
0.08% |
0.08% |
0.09% |
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Collection period |
329.00 |
369.00 |
201.00 |
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Stock turnover rate |
1.30 |
1.54 |
0.73 |
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Profit margin |
0.00% |
0.00% |
0.00% |
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Return on assets |
0.00% |
0.00% |
0.00% |
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Shareholders' return |
0.00% |
0.00% |
0.00% |
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Sales per employee |
98.41 |
72.22 |
109.20 |
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Profit per employee |
0.46 |
-0.66 |
0.57 |
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Average wage per employee |
4.31 |
4.13 |
4.14 |
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Net worth |
187.1 |
209.7 |
212.6 |
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Number of employees |
1,063 |
1,024 |
1,055 |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.55.42 |
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UK Pound |
1 |
Rs.86.04 |
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Euro |
1 |
Rs.68.61 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
RATING EXPLANATIONS
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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 |
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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.