MIRA
INFORM REPORT
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Report Date : |
16.07.2012 |
IDENTIFICATION DETAILS
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Name : |
SCHOTTEL GMBH |
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Registered Office : |
Mainzer Strasse 99 Spay, 56322 |
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Country : |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
25.09.1998 |
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Com. Reg. No.: |
20734 |
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Legal Form : |
Private Parent |
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Line of Business : |
Shipbuilding and Repair Services |
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No. of Employees : |
820 |
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 and address
SCHOTTEL GmbH
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Business Description
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SCHOTTEL GmbH is primarily engaged in building of commercial vessels:
passenger vessels, ferry-boats, cargo ships, tankers, etc.; building of
warships; and building of fishing boats. This class also includes:
construction of drilling platforms, floating or submersible; construction of
floating structures (floating docks, pontoons, coffer-dams, floating landing
stages, buoys, floating tanks, barges, lighters, etc.); and maintenance,
repair or alteration of ships. |
Industry
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Industry |
Water Transportation |
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ANZSIC 2006: |
2391 - Shipbuilding and Repair Services |
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NACE 2002: |
3511 - Building and repairing of ships |
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NAICS 2002: |
33661 - Ship and Boat Building |
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UK SIC 2003: |
3511 - Building and repairing of ships |
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US SIC 1987: |
3731 - Ship Building and Repairing |
Key Executives
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News
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1 - Profit &
Loss Item Exchange Rate: USD 1 = EUR 0.7550783
2 - Balance Sheet Item Exchange Rate: USD 1 = EUR 0.7454064
Corporate Overview
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Corporate Structure News
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SCHOTTEL GmbH |
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Company Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
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Parent |
Spay, Rheinland-Pfalz |
Germany |
Water Transportation |
330.7 |
820 |
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Subsidiary |
Wismar, Mecklenburg-Vorpommern |
Germany |
Miscellaneous Capital Goods |
46.1 |
150 |
Executives Report
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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 |
Yes |
Yes |
Yes |
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Total income |
330.7 |
375.3 |
386.3 |
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Raw materials and services |
132.1 |
163.9 |
206.5 |
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Net sales |
330.7 |
375.3 |
386.3 |
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Change in stock |
-5.1 |
-17.1 |
12.8 |
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Own work capitalised |
0.2 |
0.2 |
0.1 |
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Other operating income |
6.2 |
8.8 |
5.7 |
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Raw materials and consumables employed |
132.1 |
163.9 |
206.5 |
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Other external charges |
22.4 |
24.9 |
34.3 |
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Cost of goods sold |
154.4 |
188.8 |
240.8 |
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Cost of raw materials |
154.4 |
188.8 |
240.8 |
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Taxes and social security costs |
9.9 |
9.8 |
9.3 |
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Total payroll costs |
60.3 |
61.8 |
58.5 |
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Fixed asset depreciation and amortisation |
5.6 |
5.4 |
5.2 |
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Other operating costs |
78.9 |
87.1 |
102.4 |
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Net operating income |
72.2 |
67.7 |
49.3 |
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Other income |
1.8 |
0.8 |
1.3 |
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Interest payable on loans |
3.7 |
1.8 |
1.8 |
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Total expenses |
1.9 |
1.0 |
0.6 |
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Profit before tax |
70.3 |
66.6 |
48.7 |
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Extraordinary income |
0.0 |
- |
- |
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Provisions |
64.6 |
68.6 |
60.3 |
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Extraordinary expenses |
0.3 |
- |
- |
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Extraordinary result |
-0.3 |
- |
- |
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Other taxes |
0.3 |
0.3 |
0.3 |
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Total taxation |
20.4 |
17.4 |
9.9 |
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Net profit |
49.3 |
48.9 |
38.6 |
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Annual Balance
Sheet |
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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 |
Yes |
Yes |
Yes |
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Issued capital |
17.2 |
18.4 |
17.8 |
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Unavailable reserves |
4.0 |
4.6 |
4.8 |
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Other reserves |
11.8 |
- |
- |
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Total reserves |
11.8 |
10.6 |
10.6 |
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Profits for the year |
113.1 |
78.1 |
32.4 |
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Profit brought forward from previous year(s) |
- |
- |
0.5 |
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Total stockholders equity |
142.0 |
107.1 |
60.8 |
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Deferred taxation |
14.8 |
18.6 |
8.3 |
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Other provisions |
50.7 |
52.2 |
49.0 |
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Provisions and allowances |
65.4 |
70.8 |
57.3 |
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Other debentures |
- |
- |
0.0 |
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Other long-term liabilities |
- |
- |
13.9 |
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Total long-term liabilities |
- |
- |
13.9 |
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Trade creditors |
5.7 |
9.9 |
14.6 |
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Other loans |
0.0 |
0.0 |
0.0 |
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Taxation and social security |
6.4 |
5.6 |
6.9 |
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Other current liabilities |
- |
- |
6.1 |
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Total current liabilities |
12.1 |
29.9 |
27.6 |
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Regularisation account |
0.1 |
0.0 |
0.0 |
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Total liabilities (including net worth) |
223.6 |
212.4 |
164.5 |
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Patents |
0.6 |
0.5 |
0.7 |
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Goodwill |
0.0 |
0.0 |
0.0 |
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Intangibles |
0.6 |
0.5 |
0.7 |
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Land and buildings |
21.3 |
20.7 |
21.0 |
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Machinery and tools |
12.6 |
13.6 |
12.2 |
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Fixtures and equipment |
21.3 |
20.7 |
21.0 |
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Fixed assets under construction |
0.2 |
0.6 |
1.1 |
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Total tangible fixed assets |
44.5 |
45.1 |
43.0 |
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Long-term investments |
- |
- |
0.0 |
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Other financial assets |
- |
0.0 |
0.0 |
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Total financial assets |
0.0 |
0.0 |
0.0 |
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Total non-current assets |
45.1 |
45.6 |
43.7 |
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Raw materials |
44.5 |
60.1 |
- |
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Work in progress |
27.2 |
40.6 |
- |
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Finished goods |
7.8 |
3.9 |
- |
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Prepayments |
1.6 |
1.3 |
- |
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Net stocks and work in progress |
11.8 |
21.5 |
19.9 |
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Trade debtors |
35.7 |
57.2 |
52.6 |
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Other receivables |
3.5 |
5.2 |
5.2 |
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Total receivables |
39.2 |
62.4 |
57.7 |
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Cash and liquid assets |
126.5 |
79.7 |
38.3 |
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Recoverable taxation |
- |
0.1 |
0.1 |
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Total current assets |
177.4 |
163.6 |
115.9 |
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Prepaid expenses and deferred costs |
1.1 |
3.2 |
4.7 |
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Total assets |
223.6 |
212.4 |
164.5 |
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Annual Ratios |
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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 |
Yes |
Yes |
Yes |
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Current ratio |
147.06 |
54.66 |
41.96 |
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Acid test ratio |
137.32 |
47.47 |
34.76 |
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Total liabilities to net worth |
0.01% |
0.03% |
0.07% |
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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% |
0.03% |
0.05% |
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Current liabilities to stock |
0.10% |
0.14% |
0.14% |
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Fixed assets to net worth |
0.03% |
0.04% |
0.07% |
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Collection period |
387.00 |
540.00 |
522.00 |
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Stock turnover rate |
0.35 |
0.56 |
0.54 |
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Profit margin |
0.01% |
0.01% |
0.01% |
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Return on assets |
0.02% |
0.02% |
0.02% |
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Shareholders' return |
0.03% |
0.05% |
0.06% |
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Sales per employee |
31.93 |
32.91 |
33.61 |
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Profit per employee |
4.79 |
4.29 |
3.36 |
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Average wage per employee |
5.83 |
5.42 |
5.09 |
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Net worth |
142.0 |
107.1 |
60.8 |
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Number of employees |
782 |
820 |
786 |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.55.65 |
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|
1 |
Rs.85.89 |
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Euro |
1 |
Rs.67.88 |
INFORMATION DETAILS
|
Report Prepared
by : |
PRL |
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.