MIRA INFORM REPORT
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Report Date : |
11.06.2013 |
IDENTIFICATION DETAILS
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Name : |
COPERION GMBH
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Registered Office : |
Theodorstrasse 10, Stuttgart, 70469 |
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Country : |
Germany |
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Financials (as on) : |
31.12.2011 |
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Year of Establishments: |
1897 |
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Com. Reg. No.: |
HRB23976 DEU (Parent Registered No. (UK) |
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Legal Form : |
Partnership Subsidiary |
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Line of Business : |
Development, manufacture
and sale of conveyor systems for the cleaning, handling and packaging of bulk
solids, especially in the plastics producing and processing industries |
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No. of Employees : |
1225 |
RATING & COMMENTS
|
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 : |
Slow but Correct |
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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 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
Germany |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
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 6.5% in 2012. GDP contracted
5.1% in 2009 but grew by 4.2% in 2010, and 3.0% in 2011, before dipping to 0.7%
in 2012 - a reflection of low investment spending due to crisis-induced
uncertainty and the decreased demand for German exports from recession-stricken
periphery countries. Stimulus and stabilization efforts initiated in 2008 and
2009 and tax cuts introduced in Chancellor Angela MERKEL's second term
increased Germany's total budget deficit - including federal, state, and
municipal - to 4.1% in 2010, but slower spending and higher tax revenues reduced
the deficit to 0.8% in 2011. In 2012 Germany reached a budget surplus of 0.1%.
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 though
the target was already reached in 2012. By 2014, the federal government wants
to balance its budget. 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 electricity generating capacity and 46% of its base-load electricity
production.
Source : CIA
Company name & address
Coperion GmbH
Theodorstrasse 10
Stuttgart, 70469
Germany
Tel: 49-7118970
Fax: 49 (711) 897 3940
Web: www.coperion.com
Synthesis
Employees: 1225
Company Type: Partnership Subsidiary
Corporate Family: 120
Companies
Ultimate Parent: Hillenbrand,
Inc.
Incorporation Date: 1897
Financials in: USD
(Millions)
Fiscal Year End:
31-Dec-2011
Reporting Currency: Euro
Annual Sales: 438.7
Total Assets: 444.6
Business Description
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
Industry Miscellaneous Capital Goods
ANZSIC 2006: 2491 - Lifting and
Material Handling Equipment Manufacturing
NACE 2002: 2922 - Manufacture
of lifting and handling equipment
NAICS 2002: 333922 - Conveyor
and Conveying Equipment Manufacturing
UK SIC 2003: 2922 - Manufacture
of lifting and handling equipment
UK SIC 2007: 2822 - Manufacture
of lifting and handling equipment
US SIC 1987: 3535 - Conveyors
and Conveying Equipment
Key Executives
Name Title
GUnter Bachmann Managing
director
Thomas Kehl Managing
director
Axel Kiefer Managing
director
Andreas Weber Vertrieb
Registered No.(Other): HRB23976
Parent Registered No.(UK): DEU
1 - Profit & Loss Item Exchange Rate: USD 1 = EUR 0.7191895
2 - Balance Sheet Item Exchange Rate: USD 1 = EUR 0.770327
Corporate Overview
Location
Theodorstrasse 10
Stuttgart, 70469
Germany
Tel: 49-7118970
Fax: 49 (711) 897 3940
Web: www.coperion.com
Sales EUR(mil): 315.5
Assets EUR(mil): 342.5
Employees: 1225
Fiscal Year End: 31-Dec-2011
Industry: Miscellaneous
Capital Goods
Incorporation Date: 1897
Company Type: Partnership
Subsidiary
Quoted Status: Not
Quoted
Registered No.(): HRB23976
Parent Registered No.(UK): DEU
Managing director: Axel
Kiefer
Industry Codes
ANZSIC 2006 Codes:
2491 - Lifting and Material Handling Equipment Manufacturing
3419 - Other Specialised Industrial Machinery and Equipment
Wholesaling
2499 - Other Machinery and Equipment Manufacturing Not Elsewhere
Classified
NACE 2002 Codes:
2922 - Manufacture of lifting and handling equipment
2924 - Manufacture of other general purpose machinery not
elsewhere classified
5187 - Wholesale of other machinery for use in industry, trade and
navigation
NAICS 2002 Codes:
333922 - Conveyor and Conveying Equipment Manufacturing
333993 - Packaging Machinery Manufacturing
423830 - Industrial Machinery and Equipment Merchant Wholesalers
US SIC 1987:
3535 - Conveyors and Conveying Equipment
3565 - Packaging Machinery
5084 - Industrial Machinery and Equipment
UK SIC 2003:
2922 - Manufacture of lifting and handling equipment
5187 - Wholesale of other machinery for use in industry, trade and
navigation
2924 - Manufacture of other general purpose machinery not
elsewhere classified
UK SIC 2007:
2822 - Manufacture of lifting and handling equipment
2829 - Manufacture of other general-purpose machinery n.e.c.
4669 - Wholesale of other machinery and equipment
Business
Description
Development, manufacture and sale of conveyor systems for the cleaning,
handling and packaging of bulk solids, especially in the plastics producing and
processing industries
More Business
Descriptions
Compounding Systems Mfr & Marketer
Coperion GmbH 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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Corporate Family |
Corporate
Structure News: |
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Hillenbrand,
Inc. |
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Coperion GmbH |
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Company Name |
Company
Type |
Location |
Country |
Industry |
Sales |
Employees |
|
Parent |
Batesville, IN |
United States |
Furniture and Fixtures |
983.2 |
3,900 |
|
|
Subsidiary |
Stuttgart |
Germany |
Iron and Steel |
610.0 |
2,100 |
|
|
Subsidiary |
Amsterdam |
Netherlands |
Security Systems and Services |
467.2 |
10,100 |
|
|
Subsidiary |
Glyfada |
Greece |
Security Systems and Services |
2.3 |
100 |
|
|
Subsidiary |
Lisboa, Lisboa |
Portugal |
Security Systems and Services |
2.2 |
87 |
|
|
Subsidiary |
Gardermoen, Akershus |
Norway |
Miscellaneous Transportation |
1.3 |
16 |
|
|
Subsidiary |
Praha 6 |
Czech Republic |
Security Systems and Services |
0.6 |
14 |
|
|
Subsidiary |
Zaventem (Brucargo), Vlaams Brabant |
Belgium |
Security Systems and Services |
6.6 |
|
|
|
Subsidiary |
London |
United Kingdom |
Business Services |
|
|
|
|
Subsidiary |
Weingarten |
Germany |
Fabricated Plastic and Rubber |
|
300 |
|
|
Subsidiary |
Pratteln |
Switzerland |
Miscellaneous Capital Goods |
74.6 |
200 |
|
|
Subsidiary |
Singapore |
Singapore |
Engineering Consultants |
1.2 |
3 |
|
|
Subsidiary |
Ramsey, NJ |
United States |
Scientific and Technical Instruments |
84.2 |
80 |
|
|
Subsidiary |
Singapore |
Singapore |
Fabricated Plastic and Rubber |
|
43 |
|
|
Subsidiary |
Ferrara, Ferrara |
Italy |
Construction and Agriculture Machinery |
20.4 |
42 |
|
|
Subsidiary |
Tokyo |
Japan |
Fabricated Plastic and Rubber |
|
11 |
|
|
Subsidiary |
Ecully |
France |
Fabricated Plastic and Rubber |
|
6 |
|
|
Subsidiary |
Huddinge |
Sweden |
Fabricated Plastic and Rubber |
|
4 |
|
|
Subsidiary |
Noida |
India |
Fabricated Plastic and Rubber |
|
|
|
|
Subsidiary |
Nanjing |
China |
Miscellaneous Capital Goods |
|
|
|
|
Subsidiary |
Batesville, IN |
United States |
Personal Services |
850.0 |
1,200 |
|
|
Branch |
Manchester, TN |
United States |
Furniture and Fixtures |
138.2 |
650 |
|
|
Branch |
Vicksburg, MS |
United States |
Furniture and Fixtures |
82.2 |
200 |
|
|
Branch |
Kutztown, PA |
United States |
Furniture and Fixtures |
9.7 |
48 |
|
|
Subsidiary |
Merrimack, NH |
United States |
Software and Programming |
7.7 |
30 |
|
|
Branch |
Woonsocket, RI |
United States |
Furniture and Fixtures |
2.5 |
20 |
|
|
Branch |
Atlanta, GA |
United States |
Furniture and Fixtures |
3.5 |
18 |
|
|
Branch |
Moonachie, NJ |
United States |
Furniture and Fixtures |
3.1 |
15 |
|
|
Branch |
Independence, MO |
United States |
Furniture and Fixtures |
2.7 |
13 |
|
|
Branch |
Grand Rapids, MI |
United States |
Furniture and Fixtures |
2.7 |
12 |
|
|
Branch |
Cranberry Twp, PA |
United States |
Furniture and Fixtures |
2.4 |
12 |
|
|
Branch |
Houston, TX |
United States |
Business Services |
22.7 |
10 |
|
|
Branch |
Charlotte, NC |
United States |
Furniture and Fixtures |
2.3 |
10 |
|
|
Branch |
Livonia, MI |
United States |
Furniture and Fixtures |
2.3 |
10 |
|
|
Branch |
Knoxville, TN |
United States |
Furniture and Fixtures |
2.1 |
10 |
|
|
Branch |
West Sacramento, CA |
United States |
Furniture and Fixtures |
1.9 |
10 |
|
|
Branch |
Jessup, MD |
United States |
Furniture and Fixtures |
1.8 |
10 |
|
|
Branch |
Norwalk, OH |
United States |
Furniture and Fixtures |
2.0 |
9 |
|
|
Branch |
Earth City, MO |
United States |
Furniture and Fixtures |
1.9 |
9 |
|
|
Branch |
Hammond, LA |
United States |
Furniture and Fixtures |
6.2 |
8 |
|
|
Branch |
Schertz, TX |
United States |
Furniture and Fixtures |
3.0 |
8 |
|
|
Branch |
St Paul, MN |
United States |
Business Services |
13.5 |
7 |
|
|
Branch |
Honolulu, HI |
United States |
Furniture and Fixtures |
2.4 |
7 |
|
|
Branch |
Urbandale, IA |
United States |
Furniture and Fixtures |
1.7 |
7 |
|
|
Branch |
Columbus, OH |
United States |
Furniture and Fixtures |
1.5 |
7 |
|
|
Branch |
Orangeburg, SC |
United States |
Furniture and Fixtures |
1.5 |
7 |
|
|
Branch |
Memphis, TN |
United States |
Furniture and Fixtures |
1.5 |
7 |
|
|
Branch |
Little Rock, AR |
United States |
Furniture and Fixtures |
1.3 |
7 |
|
|
Branch |
Depew, NY |
United States |
Furniture and Fixtures |
1.2 |
7 |
|
|
Branch |
Tyler, TX |
United States |
Furniture and Fixtures |
2.2 |
6 |
|
|
Branch |
Princeton, KY |
United States |
Furniture and Fixtures |
1.6 |
6 |
|
|
Branch |
Davenport, IA |
United States |
Furniture and Fixtures |
1.5 |
6 |
|
|
Branch |
Bismarck, ND |
United States |
Furniture and Fixtures |
1.4 |
6 |
|
|
Branch |
Batesville, IN |
United States |
Furniture and Fixtures |
1.4 |
6 |
|
|
Branch |
Mt Vernon, IL |
United States |
Furniture and Fixtures |
1.3 |
6 |
|
|
Branch |
Mt Vernon, MO |
United States |
Furniture and Fixtures |
1.3 |
6 |
|
|
Branch |
New Berlin, WI |
United States |
Furniture and Fixtures |
1.1 |
6 |
|
|
Branch |
Salisbury, MD |
United States |
Furniture and Fixtures |
1.1 |
6 |
|
|
Branch |
Windsor, CT |
United States |
Furniture and Fixtures |
1.0 |
6 |
|
|
Branch |
Latham, NY |
United States |
Furniture and Fixtures |
1.0 |
6 |
|
|
Branch |
Deerfield Beach, FL |
United States |
Furniture and Fixtures |
1.0 |
6 |
|
|
Branch |
Orlando, FL |
United States |
Furniture and Fixtures |
1.0 |
6 |
|
|
Branch |
Oklahoma City, OK |
United States |
Furniture and Fixtures |
1.2 |
5 |
|
|
Branch |
Indianapolis, IN |
United States |
Furniture and Fixtures |
1.2 |
5 |
|
|
Branch |
Goldsboro, NC |
United States |
Furniture and Fixtures |
1.1 |
5 |
|
|
Branch |
Union City, CA |
United States |
Furniture and Fixtures |
0.9 |
5 |
|
|
Branch |
Denver, CO |
United States |
Furniture and Fixtures |
0.9 |
5 |
|
|
Branch |
Rochester, NY |
United States |
Furniture and Fixtures |
0.9 |
5 |
|
|
Branch |
Fort Walton Bch, FL |
United States |
Furniture and Fixtures |
0.8 |
5 |
|
|
Branch |
Jacksonville, FL |
United States |
Furniture and Fixtures |
0.8 |
5 |
|
|
Branch |
Louisville, KY |
United States |
Furniture and Fixtures |
1.1 |
4 |
|
|
Branch |
Spokane, WA |
United States |
Furniture and Fixtures |
0.9 |
4 |
|
|
Branch |
Birmingham, AL |
United States |
Furniture and Fixtures |
0.9 |
4 |
|
|
Branch |
Warsaw, IN |
United States |
Furniture and Fixtures |
0.9 |
4 |
|
|
Branch |
La Vista, NE |
United States |
Furniture and Fixtures |
0.9 |
4 |
|
|
Branch |
Carlock, IL |
United States |
Furniture and Fixtures |
0.9 |
4 |
|
|
Branch |
Fresno, CA |
United States |
Furniture and Fixtures |
0.8 |
4 |
|
|
Branch |
Salem, VA |
United States |
Furniture and Fixtures |
0.7 |
4 |
|
|
Branch |
Nitro, WV |
United States |
Furniture and Fixtures |
0.7 |
3 |
|
|
Branch |
Woodinville, WA |
United States |
Furniture and Fixtures |
0.7 |
3 |
|
|
Branch |
Hastings, NE |
United States |
Furniture and Fixtures |
0.7 |
3 |
|
|
Branch |
Salt Lake City, UT |
United States |
Furniture and Fixtures |
0.6 |
3 |
|
|
Branch |
Phoenix, AZ |
United States |
Furniture and Fixtures |
0.6 |
3 |
|
|
Branch |
Auburn, ME |
United States |
Furniture and Fixtures |
0.5 |
3 |
|
|
Branch |
Bossier City, LA |
United States |
Furniture and Fixtures |
1.5 |
2 |
|
|
Branch |
Tulsa, OK |
United States |
Furniture and Fixtures |
0.5 |
2 |
|
|
Subsidiary |
Lakewood, NJ |
United States |
Furniture and Fixtures |
0.4 |
2 |
|
|
Branch |
San Diego, CA |
United States |
Furniture and Fixtures |
0.4 |
2 |
|
|
Branch |
Albuquerque, NM |
United States |
Furniture and Fixtures |
0.3 |
1 |
|
|
Branch |
Arden, NC |
United States |
Furniture and Fixtures |
0.2 |
1 |
|
|
Branch |
Richland, MS |
United States |
Furniture and Fixtures |
0.2 |
1 |
|
|
Branch |
North Las Vegas, NV |
United States |
Furniture and Fixtures |
0.2 |
1 |
|
|
Subsidiary |
Pitman, NJ |
United States |
Scientific and Technical Instruments |
190.8 |
639 |
|
|
Subsidiary |
Niederlenz |
Switzerland |
Miscellaneous Capital Goods |
|
140 |
|
|
Subsidiary |
Stockport |
United Kingdom |
Miscellaneous Capital Goods |
|
25 |
|
|
Subsidiary |
Gelnhausen, Hessen |
Germany |
Miscellaneous Capital Goods |
|
12 |
|
|
Subsidiary |
Shanghai |
China |
Construction and Agriculture Machinery |
|
11 |
|
|
Subsidiary |
Singapore |
Singapore |
Miscellaneous Capital Goods |
|
10 |
|
|
Subsidiary |
Croissy-Beaubourg |
France |
Electronic Instruments and Controls |
|
6 |
|
|
Subsidiary |
Pitman, NJ |
United States |
Scientific and Technical Instruments |
|
115 |
|
|
Subsidiary |
Broomall, PA |
United States |
Construction and Agriculture Machinery |
|
105 |
|
|
Branch |
Cuyahoga Falls, OH |
United States |
Miscellaneous Capital Goods |
11.9 |
60 |
|
|
Subsidiary |
Wuxi, Jiangsu |
China |
Miscellaneous Capital Goods |
2.7 |
100 |
|
|
Division |
Pitman, NJ |
United States |
Miscellaneous Capital Goods |
0.6 |
100 |
|
|
Subsidiary |
Salina, KS |
United States |
Miscellaneous Capital Goods |
6.9 |
50 |
|
|
Subsidiary |
Belleville, IL |
United States |
Construction and Agriculture Machinery |
6.4 |
80 |
|
|
Subsidiary |
Woodruff, SC |
United States |
Construction and Agriculture Machinery |
4.3 |
80 |
|
|
Subsidiary |
Stockholm, Spanga |
Sweden |
Miscellaneous Capital Goods |
4.6 |
6 |
|
|
Subsidiary |
Dorval, QC |
Canada |
Scientific and Technical Instruments |
4.1 |
6 |
|
|
Division |
Pitman, NJ |
United States |
Scientific and Technical Instruments |
3.3 |
18 |
|
|
Subsidiary |
Wilmington, DE |
United States |
Investment Services |
0.6 |
10 |
|
|
Subsidiary |
Stuttgart, Baden-WUrttemberg |
Germany |
Consumer Financial Services |
|
5 |
|
|
Subsidiary |
Stuttgart, Baden-WUrttemberg |
Germany |
Miscellaneous Capital Goods |
438.7 |
1,200 |
|
|
Subsidiary |
Stockport |
United Kingdom |
Business Services |
0.7 |
3 |
|
|
Subsidiary |
Nanjing, Jiangsu |
China |
Miscellaneous Capital Goods |
25.3 |
|
|
|
Subsidiary |
Edmonton, AB |
Canada |
Business Services |
0.6 |
4 |
|
|
Subsidiary |
Derby |
United Kingdom |
Business Services |
1.6 |
3 |
|
|
Subsidiary |
Cincinnati, OH |
United States |
Miscellaneous Capital Goods |
|
3 |
|
|
Subsidiary |
Runcorn |
United Kingdom |
Miscellaneous Capital Goods |
24.0 |
71 |
|
|
Subsidiary |
Runcorn |
United Kingdom |
Construction and Agriculture Machinery |
|
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Executive report
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Executives |
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Managing director |
Managing Director |
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Managing director |
Managing Director |
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Managing director |
Managing Director |
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Vertrieb |
Sales Executive |
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Annual Profit & Loss
|
|
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 |
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|
|
|
Total income |
438.7 |
507.9 |
486.0 |
|
Raw materials and services |
253.6 |
210.1 |
251.4 |
|
Net sales |
438.7 |
507.9 |
486.0 |
|
Change in stock |
27.7 |
-72.8 |
-22.6 |
|
Own work capitalised |
2.0 |
1.6 |
0.3 |
|
Other operating income |
40.9 |
20.6 |
19.7 |
|
Raw materials and consumables employed |
253.6 |
210.1 |
251.4 |
|
Other external charges |
16.9 |
10.2 |
10.7 |
|
Cost of goods sold |
270.5 |
220.3 |
262.1 |
|
Cost of raw materials |
270.5 |
220.3 |
262.1 |
|
Taxes and social security costs |
17.4 |
17.1 |
32.4 |
|
Total payroll costs |
126.0 |
111.2 |
141.9 |
|
Fixed asset depreciation and amortisation |
25.4 |
34.1 |
26.9 |
|
Other operating costs |
78.5 |
75.7 |
70.0 |
|
Net operating income |
8.9 |
16.1 |
-17.6 |
|
Income received from associated companies |
0.9 |
0.0 |
- |
|
Other income |
0.3 |
0.2 |
3.0 |
|
Interest payable on loans |
16.4 |
18.9 |
19.4 |
|
Other expenses |
- |
1.1 |
20.9 |
|
Total expenses |
15.2 |
19.7 |
37.3 |
|
Profit before tax |
-6.3 |
-3.6 |
-54.9 |
|
Extraordinary income |
6.3 |
2.1 |
- |
|
Provisions |
111.3 |
114.6 |
125.6 |
|
Extraordinary expenses |
0.9 |
1.4 |
- |
|
Extraordinary result |
5.3 |
0.8 |
- |
|
Other taxes |
0.4 |
0.3 |
0.6 |
|
Total taxation |
0.0 |
3.5 |
-0.8 |
|
Net loss |
-1.4 |
-6.7 |
-54.7 |
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 |
|
|
|
|
|
|
Issued capital |
3.4 |
3.5 |
3.8 |
|
Capital reserves |
29.7 |
30.6 |
32.8 |
|
Unavailable reserves |
- |
- |
8.0 |
|
Total reserves |
10.4 |
10.7 |
- |
|
Profits for the year |
7.1 |
8.7 |
16.6 |
|
Total stockholders equity |
50.5 |
53.6 |
53.1 |
|
Deferred taxation |
3.5 |
3.6 |
0.0 |
|
Other provisions |
39.1 |
48.5 |
61.7 |
|
Provision for pensions |
61.2 |
64.0 |
67.9 |
|
Provisions and allowances |
103.9 |
116.1 |
129.6 |
|
Other debentures |
124.6 |
139.6 |
167.4 |
|
Taxes and social security |
21.1 |
- |
26.5 |
|
Total long-term liabilities |
145.8 |
139.6 |
193.8 |
|
Trade creditors |
78.8 |
64.7 |
37.7 |
|
Advances received |
- |
- |
78.6 |
|
Other loans |
5.0 |
4.5 |
4.7 |
|
Taxation and social security |
15.1 |
41.5 |
6.4 |
|
Due to group companies |
45.5 |
38.6 |
27.7 |
|
Total current liabilities |
144.4 |
149.4 |
155.2 |
|
Total liabilities (including net worth) |
444.6 |
458.6 |
539.8 |
|
Patents |
55.3 |
67.0 |
79.6 |
|
Goodwill |
136.2 |
152.6 |
175.9 |
|
Intangibles |
194.5 |
219.6 |
255.5 |
|
Land and buildings |
0.4 |
7.7 |
45.3 |
|
Machinery and tools |
4.3 |
5.2 |
6.9 |
|
Fixtures and equipment |
0.4 |
7.7 |
45.3 |
|
Fixed assets under construction |
9.1 |
0.9 |
1.4 |
|
Total tangible fixed assets |
17.5 |
18.0 |
59.2 |
|
Long-term investments |
0.0 |
0.0 |
0.0 |
|
Shares held in associated companies |
114.7 |
102.2 |
110.2 |
|
Participating interest |
21.3 |
21.9 |
0.0 |
|
Total financial assets |
135.9 |
124.1 |
110.2 |
|
Total non-current assets |
348.0 |
361.7 |
424.8 |
|
Net stocks and work in progress |
32.3 |
39.6 |
44.4 |
|
Trade debtors |
29.7 |
34.7 |
28.7 |
|
Other receivables |
1.7 |
2.0 |
1.5 |
|
Total receivables |
53.2 |
52.7 |
44.1 |
|
Owing from associated companies |
21.7 |
15.9 |
13.9 |
|
Cash and liquid assets |
7.5 |
0.7 |
21.0 |
|
Total current assets |
92.9 |
93.0 |
109.5 |
|
Prepaid expenses and deferred costs |
3.7 |
3.9 |
5.4 |
|
Total assets |
444.6 |
458.6 |
539.8 |
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 |
6.43 |
6.23 |
7.06 |
|
Acid test ratio |
4.20 |
3.58 |
4.19 |
|
Total liabilities to net worth |
0.57% |
0.54% |
0.66% |
|
Net worth to total assets |
0.01% |
0.01% |
0.01% |
|
Current liabilities to net worth |
0.29% |
0.28% |
0.29% |
|
Current liabilities to stock |
0.45% |
0.38% |
0.35% |
|
Fixed assets to net worth |
0.69% |
0.67% |
0.80% |
|
Collection period |
263.00 |
245.00 |
208.00 |
|
Stock turnover rate |
0.79 |
0.77 |
0.89 |
|
Profit margin |
0.00% |
0.00% |
-0.01% |
|
Return on assets |
0.00% |
0.00% |
-0.01% |
|
Shareholders' return |
0.00% |
-0.01% |
-0.10% |
|
Sales per employee |
25.76 |
- |
27.30 |
|
Profit per employee |
-0.40 |
- |
-3.08 |
|
Average wage per employee |
7.40 |
- |
7.97 |
|
Net worth |
50.5 |
53.6 |
53.1 |
|
Number of employees |
1,225 |
- |
1,280 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.57.78 |
|
UK Pound |
1 |
Rs.89.71 |
|
Euro |
1 |
Rs.76.24 |
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.