MIRA
INFORM REPORT
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Report Date : |
07.09.2012 |
IDENTIFICATION DETAILS
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Name : |
FOGTEC BRANDSCHUTZ GMBH & CO. KG |
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Registered Office : |
Schanzenstrasse 19a,
Koln, 51063 |
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Country : |
Germany |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
30.08.1999 |
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Com. Reg. No.: |
22358 |
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Legal Form : |
Private Independent Company |
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Line of Business : |
manufacturer of weighing machinery |
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No. of Employees : |
66 employees |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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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
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
|
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
FOGTEC Brandschutz GmbH & Co. KG
Schanzenstrasse 19a
Koln, 51063
Germany
Tel: +49 (0) 221 962230
Fax: +49 (0) 221 9622330
Synthesis
Employees: 66
Company Type: Private Independent
Incorporation Date:
30-Aug-1999
Financials in: USD
(millions)
Fiscal Year End:
31-Dec-2010
Reporting Currency: Euro
Annual Sales: NA
Total Assets: 16.4
Business Description
FOGTEC Brandschutz GmbH & Co. KG is primarily engaged in manufacture
of weighing machinery (other than sensitive laboratory balances): household and
shop scales, platform scales, scales for continuous weighing, weigh-bridges,
weights, etc.; manufacture of filtering or purifying machinery and apparatus
for liquids; manufacture of equipment for projecting, dispersing or spraying liquids
or powders (manufacture of spray guns, fire extinguishers, sand blasting
machines, steam cleaning machines, etc.); manufacture of packing and wrapping
machinery (manufacture of filling, closing, sealing, capsuling or labelling
machines, etc.); manufacture of machinery for cleaning or drying bottles and
for aerating beverages; manufacture of distilling or rectifying plant for
petroleum refineries, chemical industries, beverage industries, etc.;
manufacture of gas generators; manufacture of calendering or other rolling
machines and cylinders thereof; manufacture of centrifuges; manufacture of
gaskets and similar joints made of a combination of materials or layers of the
same material; and manufacture of automatic goods vending machines.
Industry
Industry Miscellaneous Capital Goods
ANZSIC 2006: 2499 - Other
Machinery and Equipment Manufacturing Not Elsewhere Classified
NACE 2002: 2924 - Manufacture
of other general purpose machinery not elsewhere classified
NAICS 2002: 33399 - All Other
General Purpose Machinery Manufacturing
UK SIC 2003: 2924 - Manufacture
of other general purpose machinery not elsewhere classified
UK SIC 2007: 2829 - Manufacture
of other general-purpose machinery n.e.c.
US SIC 1987: 3569 - General
Industrial Machinery and Equipment, Not Elsewhere Classified
Key Executives
|
Name |
Title |
|
Dirk K. Sprakel |
Managing director |
|
Gregor Frieling |
Limited partner |
|
RĂ¼diger Kopp |
Limited partner |
|
Walter Lechler |
Limited partner |
|
Karl Johannes Sprakel |
Limited partner |
Registered No.(DEU): 22358
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
Schanzenstrasse 19a
Koln, 51063
Germany
Tel: +49 (0) 221 962230
Fax: +49 (0) 221 9622330
Sales EUR(mil): NA
Assets EUR(mil): 12.3
Employees: 66
Fiscal Year End: 31-Dec-2010
Industry: Miscellaneous Capital Goods
Incorporation Date: 30-Aug-1999
Company Type: Private Independent
Quoted Status: Not Quoted
Registered No.(DEU): 22358
Managing director: Dirk K.
Sprakel
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:
2924 - Manufacture of other general purpose machinery not
elsewhere classified
NAICS 2002 Codes:
33399 - All Other General Purpose Machinery Manufacturing
US SIC 1987:
3569 - General Industrial Machinery and Equipment, Not Elsewhere
Classified
UK SIC 2003:
2924 - Manufacture of other general purpose machinery not
elsewhere classified
UK SIC 2007:
2829 - Manufacture of other general-purpose machinery n.e.c.
Business
Description
FOGTEC
Brandschutz GmbH & Co. KG is primarily engaged in manufacture of weighing
machinery (other than sensitive laboratory balances): household and shop scales, platform
scales, scales for continuous weighing, weigh-bridges, weights, etc.;
manufacture of filtering or purifying machinery and apparatus for liquids;
manufacture of equipment for projecting, dispersing or spraying liquids or
powders (manufacture of spray guns, fire extinguishers, sand blasting machines,
steam cleaning machines, etc.); manufacture of packing and wrapping machinery
(manufacture of filling, closing, sealing, capsuling or labelling machines,
etc.); manufacture of machinery for cleaning or drying bottles and for aerating
beverages; manufacture of distilling or rectifying plant for petroleum
refineries, chemical industries, beverage industries, etc.; manufacture of gas
generators; manufacture of calendering or other rolling machines and cylinders
thereof; manufacture of centrifuges; manufacture of gaskets and similar joints
made of a combination of materials or layers of the same material; and
manufacture of automatic goods vending machines.
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Executive report
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Executives |
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Managing director |
Managing Director |
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Limited partner |
Partner |
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Limited partner |
Partner |
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Limited partner |
Partner |
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Limited partner |
Partner |
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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 |
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Consolidated |
No |
No |
No |
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Taxes and social security costs |
0.9 |
0.8 |
0.8 |
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Total payroll costs |
5.8 |
5.2 |
5.1 |
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Fixed asset depreciation and amortisation |
0.2 |
0.3 |
- |
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Other operating costs |
10.7 |
6.8 |
7.4 |
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Net operating
income |
2.4 |
1.5 |
-0.8 |
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Other income |
0.0 |
0.0 |
0.0 |
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Interest payable on loans |
0.5 |
0.6 |
0.5 |
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Total expenses |
0.5 |
0.6 |
0.5 |
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Profit before tax |
1.9 |
0.8 |
-1.3 |
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Extraordinary income |
- |
- |
0.5 |
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Provisions |
1.7 |
2.6 |
1.4 |
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Extraordinary result |
- |
- |
0.5 |
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Other taxes |
0.0 |
0.0 |
0.0 |
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Total taxation |
0.4 |
0.1 |
0.0 |
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Net profit |
1.5 |
0.7 |
- |
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Net loss |
- |
- |
-0.8 |
Annual Balance
Sheet
Financials in: USD (mil)
|
|
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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Capital reserves |
0.7 |
0.7 |
0.7 |
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Profits for the year |
-0.9 |
-2.6 |
-3.2 |
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Profit brought forward from previous
year(s) |
-2.4 |
-3.3 |
-2.4 |
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Total
stockholders equity |
4.2 |
2.8 |
2.0 |
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Provisions and allowances |
1.7 |
2.7 |
1.3 |
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Other loans |
- |
- |
1.6 |
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Taxation and social security |
- |
- |
4.9 |
|
Total current
liabilities |
10.5 |
9.0 |
6.5 |
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Total liabilities
(including net worth) |
16.4 |
14.6 |
9.8 |
|
Patents |
0.3 |
0.2 |
- |
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Other intangibles |
- |
- |
0.2 |
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Intangibles |
0.3 |
0.2 |
0.2 |
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Land and buildings |
- |
- |
0.0 |
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Machinery and tools |
0.1 |
0.1 |
0.2 |
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Fixtures and equipment |
- |
- |
0.0 |
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Total tangible
fixed assets |
0.4 |
0.5 |
0.6 |
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Shares held in associated companies |
0.0 |
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 |
0.7 |
0.8 |
0.8 |
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Net stocks and work in progress |
3.2 |
3.5 |
2.8 |
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Other receivables |
- |
- |
6.1 |
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Total
receivables |
11.4 |
9.8 |
6.1 |
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Cash and liquid assets |
1.0 |
0.4 |
0.0 |
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Total current
assets |
15.6 |
13.7 |
8.9 |
|
Prepaid expenses and deferred costs |
0.1 |
0.1 |
0.2 |
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Total assets |
16.4 |
14.6 |
9.8 |
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 |
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Consolidated |
No |
No |
No |
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Current ratio |
14.84 |
15.17 |
13.75 |
|
Acid test ratio |
11.76 |
11.32 |
9.42 |
|
Total liabilities to net worth |
0.25% |
0.32% |
0.32% |
|
Net worth to total assets |
0.03% |
0.02% |
0.02% |
|
Current liabilities to net worth |
0.25% |
0.32% |
0.32% |
|
Current liabilities to stock |
0.33% |
0.26% |
0.23% |
|
Fixed assets to net worth |
0.02% |
0.03% |
0.04% |
|
Return on assets |
0.01% |
0.01% |
0.00% |
|
Shareholders' return |
0.04% |
0.03% |
-0.04% |
|
Profit per employee |
1.71 |
0.95 |
- |
|
Average wage per employee |
6.62 |
6.97 |
- |
|
Net worth |
4.2 |
2.8 |
2.0 |
|
Number of employees |
66 |
54 |
- |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.97 |
|
UK Pound |
1 |
Rs.89.02 |
|
Euro |
1 |
Rs.70.61 |
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 |
|
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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.