MIRA INFORM REPORT
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Report Date : |
20.10.2012 |
IDENTIFICATION DETAILS
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Name : |
DONAU CARBON GMBH & CO. KG |
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Registered Office : |
Gwinnerstrasse 27-33, Frankfurt Am Main, 60388 |
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Country : |
Germany |
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Financials (as on) : |
30.09.2011 |
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Date of Incorporation : |
10.07.2000 |
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Com. Reg. No.: |
29586 |
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Legal Form : |
Private Subsidiary Company |
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Line of Business : |
manufacturer
of machinery for working soft rubber |
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No. of Employees : |
37 employees |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
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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 |
germany - ECONOMIC OVERVIEW
The German economy - the fifth largest economy in the world in PPP terms and Europe's largest - is a leading exporter of machinery, vehicles, chemicals, and household equipment and benefits from a highly skilled labor force. Like its Western European neighbors, Germany faces significant demographic challenges to sustained long-term growth. Low fertility rates and declining net immigration are increasing pressure on the country's social welfare system and necessitate structural reforms. Reforms launched by the government of Chancellor Gerhard SCHROEDER (1998-2005), deemed necessary to address chronically high unemployment and low average growth, contributed to strong growth in 2006 and 2007 and falling unemployment. These advances, as well as a government subsidized, reduced working hour scheme, help explain the relatively modest increase in unemployment during the 2008-09 recession - the deepest since World War II - and its decrease to 6.0% in 2011. GDP contracted 5.1% in 2009 but grew by 3.6% in 2010, and 2.7% in 2011. The recovery was attributable primarily to rebounding manufacturing orders and exports - increasingly outside the Euro Zone. Germany's central bank projects that GDP will grow 0.6% in 2012, a reflection of the worsening euro-zone financial crisis and the financial burden it places on Germany as well as falling demand for German exports. Domestic demand is therefore becoming a more significant driver of Germany's economic expansion. Stimulus and stabilization efforts initiated in 2008 and 2009 and tax cuts introduced in Chancellor Angela MERKEL's second term increased Germany's budget deficit to 3.3% in 2010, but slower spending and higher tax revenues reduce the deficit to 1.7% in 2011, below the EU's 3% limit. A constitutional amendment approved in 2009 limits the federal government to structural deficits of no more than 0.35% of GDP per annum as of 2016. Following the March 2011 Fukushima nuclear disaster, Chancellor Angela Merkel announced in May 2011 that eight of the country's 17 nuclear reactors would be shut down immediately and the remaining plants would close by 2022. Germany hopes to replace nuclear power with renewable energy. Before the shutdown of the eight reactors, Germany relied on nuclear power for 23% of its energy and 46% of its base-load electrical production.
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Source : CIA |
Company name & address
Donau Carbon GmbH & Co. KG
Gwinnerstrasse 27-33
Frankfurt Am Main, 60388
Germany
Tel: +49 (0) 69 4011650
Fax: +49 (0) 69 4011659
Synthesis
Employees: 37
Company Type: Private Subsidiary
Corporate Family: 2
Companies
Ultimate Parent: DONAUCHEM Handelsgesellschaft
Deutschland mbH
Incorporation Date:
10-Jul-2000
Financials in: USD
(Millions)
Fiscal Year End: 30-Sep-2011
Reporting Currency: Euro
Annual Sales: NA
Total Assets: 23.6
Business Description
Donau Carbon GmbH & Co. KG 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
UK SIC 2007: 2899 - Manufacture
of other special-purpose machinery n.e.c.
US SIC 1987: 3559 - Special Industry
Machinery, Not Elsewhere Classified
Registered No.(DEU): 29586
1 - Profit & Loss Item Exchange Rate: USD 1 = EUR 0.717768
2 - Balance Sheet Item Exchange Rate: USD 1 = EUR 0.7453231
Corporate Overview
Location
Gwinnerstrasse 27-33
Frankfurt Am Main, 60388
Germany
Tel: +49 (0) 69 4011650
Fax: +49 (0) 69 4011659
Sales EUR(mil): NA
Assets EUR(mil): 17.6
Employees: 37
Fiscal Year End: 30-Sep-2011
Industry: Miscellaneous Capital Goods
Incorporation Date: 10-Jul-2000
Company Type: Private
Subsidiary
Quoted Status: Not
Quoted
Registered No.(DEU): 29586
Contents
Industry Codes
Business Description
Financial Data
Subsidiaries
Key Corporate Relationships
Industry Codes
ANZSIC 2006 Codes:
2499 - Other Machinery and Equipment Manufacturing Not Elsewhere
Classified
6910 - Scientific Research Services
692 - Architectural, Engineering and Technical Services
6240 - Financial Asset Investing
3323 - Industrial and Agricultural Chemical Product Wholesaling
NACE 2002 Codes:
2956 - Manufacture of other special purpose machinery not
elsewhere classified
7420 - Architectural and engineering activities and related
technical consultancy
5155 - Wholesale of chemical products
7310 - Research and experimental development on natural sciences
and engineering
6523 - Other financial intermediation not elsewhere classified
NAICS 2002 Codes:
333298 - All Other Industrial Machinery Manufacturing
5259 - Other Investment Pools and Funds
541710 - Research and Development in the Physical, Engineering, and
Life Sciences
5413 - Architectural, Engineering, and Related Services
4246 - Chemical and Allied Products Merchant Wholesalers
US SIC 1987:
3559 - Special Industry Machinery, Not Elsewhere Classified
67 - Holding and Other Investment Offices
8731 - Commercial Physical and Biological Research
871 - Engineering, Architectural, and Surveying
516 - Chemicals and Allied Products
UK SIC 2003:
2956 - Manufacture of other special purpose machinery not elsewhere
classified
7420 - Architectural and engineering activities and related
technical consultancy
5155 - Wholesale of chemical products
6523 - Other financial intermediation not elsewhere classified
7310 - Research and experimental development on natural sciences
and engineering
UK SIC 2007:
2899 - Manufacture of other special-purpose machinery n.e.c.
6499 - Other financial service activities, except insurance and
pension funding, n.e.c.
4675 - Wholesale of chemical products
7219 - Other research and experimental development on natural
sciences and engineering
711 - Architectural and engineering activities and related
technical consultancy
Business
Description
Donau Carbon GmbH
& Co. KG 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.
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Corporate Family |
Corporate
Structure News: |
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Donau
Carbon GmbH & Co. KG |
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Donau Carbon GmbH & Co. KG |
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Company
Name |
Company
Type |
Location |
Country |
Industry |
Sales |
Employees |
|
DONAUCHEM Handelsgesellschaft Deutschland mbH |
Parent |
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|
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Donau Carbon GmbH & Co. KG |
Subsidiary |
Frankfurt Am Main, Hessen |
Germany |
Miscellaneous Capital Goods |
|
40 |
Annual Profit & Loss
|
|
30-Sep-2011 |
30-Sep-2010 |
30-Sep-2009 |
|
Period Length |
12 Months |
12 Months |
12 Months |
|
Filed Currency |
EUR |
EUR |
EUR |
|
Exchange Rate
(Period Average) |
0.717768 |
0.740255 |
0.73971 |
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Consolidated |
No |
No |
No |
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Taxes and social security costs |
0.8 |
0.5 |
0.4 |
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Total payroll costs |
4.2 |
3.3 |
3.2 |
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Fixed asset depreciation and amortisation |
0.2 |
0.2 |
0.3 |
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Other operating costs |
6.7 |
4.6 |
6.0 |
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Net operating
income |
1.6 |
1.6 |
1.0 |
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Other income |
0.3 |
0.1 |
0.3 |
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Interest payable on loans |
0.2 |
0.3 |
0.3 |
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Total expenses |
0.0 |
0.1 |
0.1 |
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Profit before tax |
1.6 |
1.5 |
0.9 |
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Provisions |
4.6 |
4.0 |
4.4 |
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Other taxes |
0.0 |
0.0 |
0.0 |
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Net profit |
1.6 |
1.5 |
0.9 |
Annual Balance
Sheet
Financials in: USD (mil)
|
|
30-Sep-2011 |
30-Sep-2010 |
30-Sep-2009 |
|
Filed Currency |
EUR |
EUR |
EUR |
|
Exchange Rate |
0.745323 |
0.732493 |
0.684135 |
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Consolidated |
No |
No |
No |
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|
|
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Profits for the year |
2.1 |
2.1 |
1.6 |
|
Profit brought forward from previous
year(s) |
0.6 |
0.6 |
0.6 |
|
Total
stockholders equity |
3.6 |
3.6 |
3.2 |
|
Provisions and allowances |
4.4 |
4.0 |
4.7 |
|
Other loans |
5.1 |
2.9 |
3.3 |
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Taxation and social security |
3.3 |
4.2 |
4.1 |
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Due to group companies |
7.2 |
5.1 |
6.9 |
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Total current
liabilities |
15.6 |
12.3 |
14.2 |
|
Total
liabilities (including net worth) |
23.6 |
19.9 |
22.2 |
|
Land and buildings |
0.0 |
0.0 |
0.0 |
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Machinery and tools |
0.3 |
0.4 |
0.6 |
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Fixtures and equipment |
0.0 |
0.0 |
0.0 |
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Total tangible
fixed assets |
0.5 |
0.5 |
0.7 |
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Shares held in associated companies |
0.2 |
0.2 |
0.0 |
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Total financial
assets |
3.2 |
0.2 |
0.0 |
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Loans to participants |
3.0 |
- |
- |
|
Total non-current
assets |
3.6 |
0.7 |
0.7 |
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Net stocks and work in progress |
6.4 |
4.6 |
5.1 |
|
Other receivables |
4.4 |
4.1 |
4.1 |
|
Total
receivables |
13.0 |
13.4 |
14.8 |
|
Owing from associated companies |
8.6 |
9.3 |
10.7 |
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Cash and liquid assets |
0.6 |
1.1 |
1.5 |
|
Total current
assets |
20.0 |
19.2 |
21.5 |
|
Total assets |
23.6 |
19.9 |
22.2 |
Annual Ratios
Financials in: USD (mil)
|
|
30-Sep-2011 |
30-Sep-2010 |
30-Sep-2009 |
|
Period Length |
12 Months |
12 Months |
12 Months |
|
Filed Currency |
EUR |
EUR |
EUR |
|
Exchange Rate |
0.745323 |
0.732493 |
0.684135 |
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Consolidated |
No |
No |
No |
|
|
|
|
|
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Current ratio |
12.78 |
15.64 |
15.10 |
|
Acid test ratio |
8.68 |
11.90 |
11.49 |
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Total liabilities to net worth |
0.44% |
0.34% |
0.44% |
|
Net worth to total assets |
0.02% |
0.02% |
0.01% |
|
Current liabilities to net worth |
0.44% |
0.34% |
0.44% |
|
Current liabilities to stock |
0.24% |
0.27% |
0.28% |
|
Fixed assets to net worth |
0.10% |
0.02% |
0.02% |
|
Return on assets |
0.01% |
0.01% |
0.01% |
|
Shareholders' return |
0.04% |
0.04% |
0.03% |
|
Profit per employee |
3.06 |
3.39 |
2.14 |
|
Average wage per employee |
8.16 |
7.30 |
7.34 |
|
Net worth |
3.6 |
3.6 |
3.2 |
|
Number of employees |
37 |
33 |
32 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.52.96 |
|
UK Pound |
1 |
Rs.85.45 |
|
Euro |
1 |
Rs.69.46 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.