|
Report Date : |
07.01.2013 |
IDENTIFICATION DETAILS
|
Name : |
IMA KILIAN GMBH AND CO KG |
|
|
|
|
Registered Office : |
Scarletallee 11 Koln, 50735 |
|
|
|
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Country : |
Germany |
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|
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Financials (as on) : |
31.12.2011 |
|
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Date of Incorporation : |
12.09.2000 |
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|
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Com. Reg. No.: |
15258 |
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Legal Form : |
Private Subsidiary |
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Line of Business : |
Manufacture of machinery for textile, apparel and leather production |
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No. of Employees : |
165 |
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 : |
Slow but correct |
|
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 (31.03.2011) |
Current Rating (30.06.2012) |
|
Germany |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
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.
Source : CIA
IMA Kilian GmbH And Co KG
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Business Description
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IMA KILIAN 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 |
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ANZSIC 2006: |
2469 - Other Specialised
Machinery and Equipment Manufacturing |
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NACE 2002: |
2954 - Manufacture of machinery for textile, apparel
and leather production |
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NAICS 2002: |
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UK SIC 2003: |
2954 - Manufacture of machinery for textile, apparel
and leather production |
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UK SIC 2007: |
2894 - Manufacture of machinery for textile, apparel
and leather production |
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US SIC 1987: |
Key Executives
|
1 - Profit & Loss Item Exchange Rate: USD 1 = EUR 0.7191895
2 - Balance Sheet Item Exchange Rate: USD 1 = EUR 0.770327
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IMA Kilian GmbH And Co KG |
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Company Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
|
Parent |
Ozzano Dell'emilia |
Italy |
Containers and Packaging |
945.3 |
3,539 |
|
|
Subsidiary |
Ozzano Dell'emilia, Bologna |
Italy |
Miscellaneous Capital Goods |
115.0 |
345 |
|
|
Subsidiary |
Navi Mumbai |
India |
Miscellaneous Capital Goods |
|
250 |
|
|
Subsidiary |
Cologne |
Germany |
Business Services |
|
200 |
|
|
Subsidiary |
Köln, Nordrhein-Westfalen |
Germany |
Miscellaneous Capital Goods |
72.1 |
165 |
|
|
Subsidiary |
Zola Predosa,
Bologna |
Italy |
Miscellaneous Capital Goods |
64.0 |
135 |
|
|
Subsidiary |
Beijing |
China |
Containers and Packaging |
|
100 |
|
|
Subsidiary |
Leominster, MA |
United States |
Business Services |
|
75 |
|
|
Division |
Leominster, MA |
United States |
Containers and Packaging |
22.5 |
80 |
|
|
Subsidiary |
Rueil Malmaison |
France |
Construction and Agriculture Machinery |
8.2 |
34 |
|
|
Subsidiary |
Milan |
Italy |
Miscellaneous Capital Goods |
8.0 |
33 |
|
|
Subsidiary |
Köln, Nordrhein-Westfalen |
Germany |
Miscellaneous Capital Goods |
4.5 |
30 |
|
|
Subsidiary |
Siena, Siena |
Italy |
Miscellaneous Capital Goods |
2.7 |
17 |
|
|
Subsidiary |
Bangkok |
Thailand |
Miscellaneous Capital Goods |
|
7 |
|
|
Subsidiary |
Vienna |
Austria |
Miscellaneous Capital Goods |
|
2 |
Executives
Report
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||||
|
|
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
|
|
Period Length |
12 Months |
12 Months |
12 Months |
|
|
Filed Currency |
EUR |
EUR |
EUR |
|
|
Exchange Rate (Period Average) |
0.71919 |
0.755078 |
0.719047 |
|
|
Consolidated |
No |
No |
No |
|
|
|
|
|
|
|
|
Total income |
72.1 |
39.1 |
67.5 |
|
|
Raw materials and services |
31.6 |
27.7 |
27.8 |
|
|
Net sales |
72.1 |
39.1 |
67.5 |
|
|
Change in stock |
-5.6 |
10.4 |
-3.8 |
|
|
Own work capitalised |
0.0 |
1.1 |
- |
|
|
Other operating income |
0.6 |
0.9 |
1.7 |
|
|
Raw materials and consumables employed |
31.6 |
27.7 |
27.8 |
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Other external charges |
4.1 |
4.5 |
5.1 |
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|
Cost of goods sold |
35.8 |
32.1 |
32.9 |
|
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Cost of raw materials |
35.8 |
32.1 |
32.9 |
|
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Taxes and social security costs |
2.0 |
2.0 |
2.5 |
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Total payroll costs |
14.1 |
14.2 |
13.7 |
|
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Fixed asset depreciation and amortisation |
1.0 |
0.8 |
0.8 |
|
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Other operating costs |
13.8 |
11.9 |
13.0 |
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Net operating income |
2.4 |
-7.6 |
5.0 |
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Other income |
0.1 |
0.1 |
0.0 |
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Interest payable on loans |
1.5 |
1.1 |
1.2 |
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Other expenses |
0.1 |
0.1 |
0.2 |
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Total expenses |
1.5 |
1.1 |
1.3 |
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Profit before tax |
0.8 |
-8.7 |
3.6 |
|
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Provisions |
7.1 |
6.7 |
6.4 |
|
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Extraordinary expenses |
- |
0.0 |
- |
|
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Extraordinary result |
- |
0.0 |
- |
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Other taxes |
0.0 |
0.0 |
0.0 |
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Total taxation |
0.1 |
0.7 |
0.6 |
|
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Net profit |
0.7 |
- |
3.0 |
|
|
Net loss |
- |
-9.4 |
- |
|
|
|
|
Annual Balance Sheet |
|
Financials in: USD (mil) |
|
|
|
|
|
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
|
Filed Currency |
EUR |
EUR |
EUR |
|
Exchange Rate |
0.770327 |
0.745406 |
0.696986 |
|
Consolidated |
No |
No |
No |
|
|
|
|
|
|
Other reserves |
3.9 |
- |
2.6 |
|
Total reserves |
3.9 |
- |
2.6 |
|
Profits for the year |
0.7 |
- |
3.1 |
|
Total stockholders equity |
9.2 |
-0.7 |
11.1 |
|
Deferred taxation |
0.9 |
1.5 |
1.1 |
|
Other provisions |
5.5 |
5.0 |
5.3 |
|
Provision for pensions |
0.2 |
0.2 |
0.2 |
|
Provisions and allowances |
6.6 |
6.8 |
6.6 |
|
Other debentures |
0.9 |
1.6 |
4.0 |
|
Total long-term liabilities |
0.9 |
1.6 |
4.0 |
|
Trade creditors |
3.0 |
6.5 |
6.1 |
|
Advances received |
2.9 |
5.1 |
0.4 |
|
Other loans |
18.4 |
27.7 |
21.4 |
|
Taxation and social security |
0.4 |
0.5 |
0.3 |
|
Due to group companies |
13.1 |
7.3 |
2.9 |
|
Total current liabilities |
37.8 |
47.1 |
31.2 |
|
Total liabilities (including net worth) |
54.6 |
54.7 |
53.0 |
|
Patents |
0.0 |
0.0 |
0.0 |
|
Intangibles |
0.0 |
0.0 |
0.0 |
|
Land and buildings |
0.6 |
0.7 |
0.8 |
|
Machinery and tools |
2.9 |
3.8 |
1.3 |
|
Fixtures and equipment |
0.6 |
0.7 |
0.8 |
|
Fixed assets under construction |
0.0 |
- |
- |
|
Total tangible fixed assets |
4.1 |
5.0 |
2.8 |
|
Other financial assets |
2.0 |
1.7 |
1.5 |
|
Total financial assets |
2.0 |
1.7 |
1.5 |
|
Total non-current assets |
6.1 |
6.8 |
4.3 |
|
Raw materials |
3.5 |
3.1 |
3.2 |
|
Work in progress |
23.3 |
24.9 |
21.0 |
|
Finished goods |
2.0 |
6.7 |
1.6 |
|
Prepayments |
0.6 |
0.3 |
0.4 |
|
Net stocks and work in progress |
29.5 |
34.9 |
26.1 |
|
Trade debtors |
14.4 |
8.5 |
14.9 |
|
Other receivables |
0.1 |
2.0 |
1.5 |
|
Total receivables |
17.0 |
12.9 |
22.3 |
|
Owing from associated companies |
2.6 |
2.3 |
5.8 |
|
Cash and liquid assets |
1.7 |
0.1 |
0.3 |
|
Total current assets |
48.2 |
47.9 |
48.7 |
|
Prepaid expenses and deferred costs |
0.2 |
0.0 |
0.0 |
|
Total assets |
54.6 |
54.7 |
53.0 |
|
|
|
Annual Ratios |
|
Financials in: USD (mil) |
|
|
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
|
Period Length |
12 Months |
12 Months |
12 Months |
|
Filed Currency |
EUR |
EUR |
EUR |
|
Exchange Rate |
0.770327 |
0.745406 |
0.696986 |
|
Consolidated |
No |
No |
No |
|
|
|
|
|
|
Current ratio |
12.75 |
10.18 |
15.59 |
|
Acid test ratio |
4.96 |
2.76 |
7.23 |
|
Total liabilities to net worth |
0.42% |
-6.60% |
0.32% |
|
Net worth to total assets |
0.02% |
0.00% |
0.02% |
|
Current liabilities to net worth |
0.41% |
-6.39% |
0.28% |
|
Current liabilities to stock |
0.13% |
0.13% |
0.12% |
|
Fixed assets to net worth |
0.07% |
-0.92% |
0.04% |
|
Collection period |
777.00 |
785.00 |
785.00 |
|
Stock turnover rate |
4.38 |
8.83 |
3.75 |
|
Profit margin |
0.00% |
-0.02% |
0.00% |
|
Return on assets |
0.00% |
-0.02% |
0.01% |
|
Shareholders' return |
0.01% |
1.30% |
0.03% |
|
Sales per employee |
32.62 |
17.46 |
26.52 |
|
Profit per employee |
0.32 |
-4.20 |
1.17 |
|
Average wage per employee |
6.40 |
6.32 |
5.39 |
|
Net worth |
9.2 |
-0.7 |
11.1 |
|
Number of employees |
159 |
169 |
183 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.84 |
|
|
1 |
Rs.88.16 |
|
Euro |
1 |
Rs.71.54 |
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 |
|
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.