MIRA
INFORM REPORT
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Report Date : |
05.05.2012 |
IDENTIFICATION DETAILS
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Name : |
COPERION GMBH |
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Registered Office : |
Theodorstr 10 |
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Country : |
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Financials (as on) : |
31.12.2010 |
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Year of Establishment : |
1897 |
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Com. Reg. No.: |
23976 |
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Legal Form : |
Partnership Subsidiary |
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Line of Business : |
Manufacture of lifting and handling equipment |
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No. of Employees : |
1,200 |
RATING & COMMENTS
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MIRAs 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
Coperion GmbH
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Business
Description
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Development, manufacture and sale of conveyor systems for the cleaning,
handling and packaging of bulk solids, especially in the plastics producing
and processing industries |
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: |
333922 - Conveyor and Conveying Equipment
Manufacturing |
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UK SIC 2003: |
2922 - Manufacture of lifting and handling
equipment |
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US SIC 1987: |
3535 - Conveyors and Conveying Equipment |
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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Coperion GmbH |
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Company Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
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Parent |
Frankfurt Am Main, Hessen |
Germany |
Business Services |
|
4 |
|
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Subsidiary |
Stuttgart, Baden-WΓΌrttemberg |
Germany |
Consumer Financial Services |
2.5 |
5 |
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Subsidiary |
Stuttgart |
Germany |
Miscellaneous Capital Goods |
507.9 |
1,200 |
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Subsidiary |
Frankfurt Am Main, Hessen |
Germany |
Consumer Financial Services |
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4 |
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Subsidiary |
Frankfurt Am Main, Hessen |
Germany |
Miscellaneous Financial Services |
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1 |
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Subsidiary |
Frankfurt Am Main, Hessen |
Germany |
Consumer Financial Services |
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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 |
No |
No |
No |
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Total income |
507.9 |
486.0 |
84.1 |
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Raw materials and services |
210.1 |
251.4 |
79.8 |
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Net sales |
507.9 |
486.0 |
84.1 |
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Change in stock |
-72.8 |
-22.6 |
37.3 |
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Own work capitalised |
1.6 |
0.3 |
0.6 |
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Other operating income |
20.6 |
19.7 |
16.2 |
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Raw materials and consumables employed |
210.1 |
251.4 |
79.8 |
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Other external charges |
10.2 |
10.7 |
5.9 |
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Cost of goods sold |
220.3 |
262.1 |
85.7 |
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Cost of raw materials |
220.3 |
262.1 |
85.7 |
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Taxes and social security costs |
17.1 |
32.4 |
4.9 |
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Total payroll costs |
111.2 |
141.9 |
28.3 |
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Fixed asset depreciation and amortisation |
34.1 |
26.9 |
5.9 |
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Other operating costs |
151.4 |
140.0 |
75.7 |
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Net operating income |
16.1 |
-17.6 |
-19.6 |
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Income received from associated companies |
0.0 |
- |
0.1 |
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Other income |
0.2 |
3.0 |
5.5 |
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Interest payable on loans |
18.9 |
19.4 |
26.6 |
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Other expenses |
1.1 |
20.9 |
10.8 |
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Total expenses |
19.7 |
37.3 |
33.0 |
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Profit before tax |
-3.6 |
-54.9 |
-52.6 |
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Extraordinary income |
2.1 |
- |
114.5 |
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Provisions |
114.6 |
125.6 |
147.1 |
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Extraordinary expenses |
1.4 |
- |
- |
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Extraordinary result |
0.8 |
- |
114.5 |
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Other taxes |
0.3 |
0.6 |
1.5 |
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Total taxation |
3.5 |
-0.8 |
1.4 |
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Net profit |
- |
- |
59.0 |
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Net loss |
-6.7 |
-54.7 |
- |
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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 |
|
Exchange Rate |
0.745406 |
0.696986 |
0.719399 |
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Consolidated |
No |
No |
No |
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Issued capital |
3.5 |
3.8 |
3.6 |
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Capital reserves |
30.6 |
32.8 |
31.8 |
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Unavailable reserves |
- |
8.0 |
7.8 |
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Total reserves |
10.7 |
- |
- |
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Profits for the year |
8.7 |
16.6 |
70.8 |
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Total stockholders equity |
53.6 |
53.1 |
106.2 |
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Deferred taxation |
3.6 |
0.0 |
7.0 |
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Other provisions |
48.5 |
61.7 |
68.5 |
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Provision for pensions |
64.0 |
67.9 |
64.3 |
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Provisions and allowances |
116.1 |
129.6 |
139.8 |
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Other debentures |
139.6 |
167.4 |
181.8 |
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Trade accounts payable |
- |
- |
0.0 |
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Owing to group/associated companies |
- |
- |
0.0 |
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Taxes and social security |
- |
26.5 |
0.0 |
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Total long-term liabilities |
139.6 |
193.8 |
181.8 |
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Trade creditors |
64.7 |
37.7 |
87.0 |
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Advances received |
- |
78.6 |
12.5 |
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Other loans |
4.5 |
4.7 |
2.9 |
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Taxation and social security |
41.5 |
6.4 |
35.3 |
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Due to group companies |
38.6 |
27.7 |
24.5 |
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Total current liabilities |
149.4 |
155.2 |
162.2 |
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Total liabilities (including net worth) |
458.6 |
539.8 |
597.7 |
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Patents |
67.0 |
79.6 |
87.4 |
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Goodwill |
152.6 |
175.9 |
182.0 |
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Intangibles |
219.6 |
255.5 |
269.4 |
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Land and buildings |
7.7 |
45.3 |
44.6 |
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Machinery and tools |
5.2 |
6.9 |
7.3 |
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Fixtures and equipment |
7.7 |
45.3 |
44.6 |
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Fixed assets under construction |
0.9 |
1.4 |
1.7 |
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Total tangible fixed assets |
18.0 |
59.2 |
59.5 |
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Long-term investments |
0.0 |
0.0 |
0.0 |
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Shares held in associated companies |
102.2 |
110.2 |
119.7 |
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Participating interest |
21.9 |
0.0 |
- |
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Total financial assets |
124.1 |
110.2 |
119.7 |
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Total non-current assets |
361.7 |
424.8 |
448.7 |
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Net stocks and work in progress |
39.6 |
44.4 |
57.9 |
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Trade debtors |
34.7 |
28.7 |
43.2 |
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Other receivables |
2.0 |
1.5 |
1.3 |
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Total receivables |
52.7 |
44.1 |
73.3 |
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Owing from associated companies |
15.9 |
13.9 |
28.8 |
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Cash and liquid assets |
0.7 |
21.0 |
11.0 |
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Total current assets |
93.0 |
109.5 |
142.3 |
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Prepaid expenses and deferred costs |
3.9 |
5.4 |
6.8 |
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Total assets |
458.6 |
539.8 |
597.7 |
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Annual Ratios |
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Financials in:
USD (mil) |
|
|
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 |
|
Exchange Rate |
0.745406 |
0.696986 |
0.719399 |
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Consolidated |
No |
No |
No |
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Current ratio |
6.23 |
7.06 |
8.77 |
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Acid test ratio |
3.58 |
4.19 |
5.20 |
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Total liabilities to net worth |
0.54% |
0.66% |
0.32% |
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Net worth to total assets |
0.01% |
0.01% |
0.02% |
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Current liabilities to net worth |
0.28% |
0.29% |
0.15% |
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Current liabilities to stock |
0.38% |
0.35% |
0.28% |
|
Fixed assets to net worth |
0.67% |
0.80% |
0.42% |
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Collection period |
245.00 |
208.00 |
1,975.00 |
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Stock turnover rate |
0.77 |
0.89 |
7.24 |
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Profit margin |
0.00% |
-0.01% |
0.07% |
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Return on assets |
0.00% |
-0.01% |
0.01% |
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Shareholders' return |
-0.01% |
-0.10% |
0.05% |
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Sales per employee |
- |
27.30 |
4.35 |
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Profit per employee |
- |
-3.08 |
-2.87 |
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Average wage per employee |
- |
7.97 |
1.46 |
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Net worth |
53.6 |
53.1 |
106.2 |
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Number of employees |
- |
1,280 |
1,321 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.72 |
|
|
1 |
Rs.86.98 |
|
Euro |
1 |
Rs.70.64 |
INFORMATION DETAILS
|
Report Prepared
by : |
PRL |
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 |
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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 |
|
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 |
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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 |
|
<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 SCs 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.