MIRA INFORM REPORT

 

 

Report Date :

09.07.2012

 

IDENTIFICATION DETAILS

 

Name :

ZECK GMBH  

 

 

Registered Office :

Columba-Schonath-Strasse 6,Scheβlitz, 96110

 

 

Country :

Germany

 

 

Financials (as on) :

31.12.2010

 

 

Date of Incorporation :

07.08.1991

 

 

Com. Reg. No.:

2065

 

 

Legal Form :

Private Independent Company

 

 

Line of Business :

manufacturer of machinery for working soft rubber or plastics

 

 

No. of Employees :

71

 

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 – March 31st, 2012

 

Country Name

Previous Rating

(31.12.2011)

Current Rating

(31.03.2012)

Germany

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

Company name & address 

 

Zeck GmbH 

Columba-Schonath-Strasse 6

Scheβlitz, 96110

Germany

 Tel:      +49 (0) 9542 94940

Fax:      +49 (0) 9542 949494

 

 

Registration data   

 

Employees:                   71

Company Type:            Private Independent

Incorporation Date:         07-Aug-1991    

Financials in:                 USD (Millions)

Fiscal Year End:            31-Dec-2010

Reporting Currency:       Euro

Annual Sales:               31.7

Total Assets:                22.7

 

 

Business Description     

 

Zeck GmbH is primarily engaged in manufacture of machinery for working soft rubber or plastics or for the manufacture of products of these materials (extruders, moulders, pneumatic tyre making or retreading machines and other machines for making a specific rubber or plastic product); manufacture of printing and bookbinding machines; manufacture of machinery for producing tiles, bricks, shaped ceramic pastes, pipes, graphite electrodes, blackboard chalk, foundry moulds, etc.; manufacture of moulding boxes for any material; mould bases; moulding patterns; moulds; manufacture of dryers for wood, paper pulp, paper or paperboard; manufacture of centrifugal clothes dryers; manufacture of diverse special machinery and equipment (machines to assemble electric or electronic lamps, tubes (valves) or bulbs; machines for production or hot-working of glass or glassware, glass fibre or yarn; machinery or apparatus for isotopic separation; rope-making machinery, etc.); and manufacture of industrial robots for multiple uses.

 

Industry             

Industry            Miscellaneous Capital Goods

ANZSIC 2006:    2499 - Other Machinery and Equipment Manufacturing Not Elsewhere Classified

NACE 2002:      2956 - Manufacture of other special purpose machinery not elsewhere classified

NAICS 2002:     333298 - All Other Industrial Machinery Manufacturing

UK SIC 2003:    2956 - Manufacture of other special purpose machinery not elsewhere classified

US SIC 1987:    3559 - Special Industry Machinery, Not Elsewhere Classified

 

           


Key Executives   

 

Name

Title

Fritz Zeck

Managing director

Michael Zeck

Managing director

Friedrich Zeck

Managing director

 

 

 

News  

Title

Date

Cass softball gives Rouch at least one more game
Pharos-Tribune (Logansport, IN) (855 Words

24-May-2012

New team has new plans for airport
Tribune-Star (Terre Haute, IN) (580 Words)

26-Apr-2012

Mayor: Search under way to fill position
Tribune-Star (Terre Haute, IN) (313 Words)

30-Mar-2012

Airport authority board hires retired Navy aviator as new director
Tribune-Star (Terre Haute, IN) (353 Words)

29-Mar-2012

U.S. Department of the Treasury Launches New Ready.Save.Grow. Initiative
PR Web (445 Words)

27-Mar-2012

 

 

Registered No.(DEU):     2065

 

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

Columba-Schonath-Strasse 6

Scheβlitz, 96110

Germany

Tel:       +49 (0) 9542 94940

Fax:      +49 (0) 9542 949494

 

Sales EUR(mil):             23.9

Assets EUR(mil):           16.9

Employees:                   71

Fiscal Year End:            31-Dec-2010

Industry:                        Miscellaneous Capital Goods

Incorporation Date:         07-Aug-1991

Company Type:             Private Independent

Quoted Status:              Not Quoted

Registered No.(DEU):     2065

Managing director:         Michael Zeck

 

Contents

Industry Codes

Business Description

Financial Data

Key Corporate Relationships

 

Industry Codes

 

ANZSIC 2006 Codes:

2499     -          Other Machinery and Equipment Manufacturing Not Elsewhere Classified

 

NACE 2002 Codes:

2956     -          Manufacture of other special purpose machinery not elsewhere classified

2924     -          Manufacture of other general purpose machinery not elsewhere classified

 

NAICS 2002 Codes:

333298  -          All Other Industrial Machinery Manufacturing

33399   -          All Other General Purpose Machinery Manufacturing

 

US SIC 1987:

3569     -          General Industrial Machinery and Equipment, Not Elsewhere Classified

3559     -          Special Industry Machinery, Not Elsewhere Classified

 

UK SIC 2003:

2924     -          Manufacture of other general purpose machinery not elsewhere classified

2956     -          Manufacture of other special purpose machinery not elsewhere classified

 

Business Description

Zeck GmbH is primarily engaged in manufacture of machinery for working soft rubber or plastics or for the manufacture of products of these materials (extruders, moulders, pneumatic tyre making or retreading machines and other machines for making a specific rubber or plastic product); manufacture of printing and bookbinding machines; manufacture of machinery for producing tiles, bricks, shaped ceramic pastes, pipes, graphite electrodes, blackboard chalk, foundry moulds, etc.; manufacture of moulding boxes for any material; mould bases; moulding patterns; moulds; manufacture of dryers for wood, paper pulp, paper or paperboard; manufacture of centrifugal clothes dryers; manufacture of diverse special machinery and equipment (machines to assemble electric or electronic lamps, tubes (valves) or bulbs; machines for production or hot-working of glass or glassware, glass fibre or yarn; machinery or apparatus for isotopic separation; rope-making machinery, etc.); and manufacture of industrial robots for multiple uses.

 

Financial Data

Financials in:

EUR(mil)

 

Revenue:

23.9

Assets:

16.9

Current Assets:

14.5

 

Total Liabilities:

16.9

 

Issued Capital:

0.1

 

Net Worth:

8.1

 

 

 

Date of Financial Data:

31-Dec-2010

 

1 Year Growth

6.4%

NA

Key Corporate Relationships

Bank:

Sparkasse Bamberg, Deutsche Bank

 

 

 

 

 

 

 

 

 

Executive report

 

Executives

 

Name

Title

Function

 

Michael Zeck

 

Managing director

Managing Director

 

Fritz Zeck

 

Managing director

Managing Director

 

Friedrich Zeck

 

Managing director

Managing Director

 



 

Annual Profit & Loss

 

 

 

31-Dec-2010

31-Dec-2009

31-Dec-2008

Period Length

12 Months

12 Months

12 Months

Filed Currency

EUR

EUR

EUR

Exchange Rate (Period Average)

0.755078

0.719047

0.683679

Consolidated

No

No

No

 

 

 

 

Total income

31.7

31.2

-

Raw materials and services

17.2

16.1

-

Net sales

31.7

31.2

-

Change in stock

0.0

0.5

-

Own work capitalised

0.6

0.2

-

Other operating income

2.0

0.7

-

Raw materials and consumables employed

17.2

16.1

-

Cost of goods sold

17.2

16.1

-

Cost of raw materials

17.2

16.1

-

Rent

0.6

0.7

-

Taxes and social security costs

0.8

0.7

0.6

Total payroll costs

4.1

4.1

3.8

Fixed asset depreciation and amortisation

0.5

0.4

0.4

Other operating costs

11.3

10.3

12.5

Net operating income

6.8

7.1

2.0

Other income

0.3

0.2

0.2

Interest payable on loans

0.0

0.0

0.0

Other expenses

-

-

0.0

Total expenses

-0.2

-0.2

-0.2

Profit before tax

7.1

7.3

2.2

Provisions

2.8

4.6

2.3

Extraordinary expenses

0.1

-

-

Extraordinary result

-0.1

-

-

Other taxes

0.0

0.0

0.0

Total taxation

1.9

1.9

0.6

Net profit

5.1

5.3

1.6

 

 

Annual Balance Sheet

Financials in: USD (mil)

 

 

 

31-Dec-2010

31-Dec-2009

31-Dec-2008

Filed Currency

EUR

EUR

EUR

Exchange Rate

0.745406

0.696986

0.719399

Consolidated

No

No

No

 

 

 

 

Issued capital

0.1

0.1

0.1

Capital reserves

0.3

0.4

0.4

Unavailable reserves

0.0

0.1

-

Profits for the year

10.4

9.2

3.6

Profit brought forward from previous year(s)

5.2

3.7

3.5

Total stockholders equity

10.8

9.6

4.0

Deferred taxation

-

1.1

-

Other provisions

2.5

3.2

-

Provision for pensions

0.4

0.4

-

Provisions and allowances

2.9

4.8

2.2

Trade creditors

3.3

2.4

-

Advances received

3.4

0.9

-

Other loans

-

0.0

-

Taxation and social security

2.3

0.7

-

Total current liabilities

9.0

4.0

7.8

Regularisation account

-

0.0

-

Total liabilities (including net worth)

22.7

18.6

14.0

Patents

0.1

0.1

-

Intangibles

0.1

0.1

0.0

Machinery and tools

1.9

1.4

1.3

Fixed assets under construction

0.1

0.0

-

Total tangible fixed assets

3.1

2.5

2.2

Total non-current assets

3.2

2.5

2.3

Work in progress

0.8

0.1

-

Finished goods

1.6

1.7

-

Prepayments

0.2

-

-

Net stocks and work in progress

2.6

1.9

1.0

Trade debtors

7.1

2.3

-

Other receivables

5.6

4.7

-

Total receivables

12.7

7.0

5.0

Cash and liquid assets

1.3

5.2

1.5

Marketable securities

2.9

2.0

-

Short-term investments

2.9

2.0

4.2

Total current assets

19.5

16.0

11.7

Prepaid expenses and deferred costs

0.1

0.0

0.0

Total assets

22.7

18.6

14.0

Annual Ratios

Financials in: USD (mil)

 

 

 

31-Dec-2010

31-Dec-2009

31-Dec-2008

Period Length

12 Months

12 Months

12 Months

Filed Currency

EUR

EUR

EUR

Exchange Rate

0.745406

0.696986

0.719399

Consolidated

No

No

No

 

 

 

 

Current ratio

21.63

39.78

15.03

Acid test ratio

18.77

35.15

13.75

Total liabilities to net worth

0.08%

0.04%

0.19%

Net worth to total assets

0.05%

0.05%

0.03%

Current liabilities to net worth

0.08%

0.04%

0.19%

Current liabilities to stock

0.35%

0.22%

0.78%

Fixed assets to net worth

0.03%

0.03%

0.06%

Collection period

807.00

263.00

-

Stock turnover rate

0.81

0.58

-

Profit margin

0.02%

0.02%

-

Return on assets

0.02%

0.03%

0.01%

Shareholders' return

0.05%

0.06%

0.04%

Profit per employee

-

-

1.93

Average wage per employee

-

-

4.58

Net worth

10.8

9.6

4.0

Number of employees

-

-

56

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.55.42

UK Pound

1

Rs.86.04

Euro

1

Rs.68.61

 

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%)

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.