MIRA INFORM REPORT
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Report Date : |
16.03.2013 |
IDENTIFICATION DETAILS
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Name : |
GONTERMANN-PEIPERS GMBH |
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Registered Office : |
Hauptstrasse 20, Siegen, 57074 |
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Country : |
Germany |
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Financials (as on) : |
30.06.2012 |
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Year of Establishments: |
1825 |
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Com. Reg. No.: |
1040 |
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Legal Form : |
Private Subsidiary |
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Line of Business : |
Subject is engaged in casting of finished or semi-finished steel products; and casting of steel castings |
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No. of Employees : |
577 |
RATING & COMMENTS
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MIRA’s 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 – June 30th, 2012
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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
Gontermann-Peipers GmbH
Hauptstrasse 20
Siegen, 57074
Germany
Tel: 49 (271) 60-0
Fax: 49 (271) 60 200
Web: www.gontermann-peipers.de
Synthesis
Employees: 577
Company Type: Private Subsidiary
Corporate Family: 3
Companies
Ultimate Parent: Gontermann
Holding GmbH
Incorporation Date: 1825
Financials in: USD
(Millions)
Fiscal Year End:
30-Jun-2012
Reporting Currency: Euro
Annual Sales: 171.1
Total Assets: 191.5
Business Description
Gontermann-Peipers Gesellschaft mit beschränkter Haftung is primarily
engaged in casting of finished or semi-finished steel products; and casting of
steel castings.
Industry
Industry Iron and Steel
ANZSIC 2006: 2121 - Iron and
Steel Casting
NACE 2002: 2752 - Casting of
steel
NAICS 2002: 331513 - Steel
Foundries (except Investment)
UK SIC 2003: 2752 - Casting of
steel
UK SIC 2007: 2452 - Casting of
steel
US SIC 1987: 3325 - Steel
Foundries, Not Elsewhere Classified
Key Executives
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Name |
Title |
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Ralf Gorski |
Managing director |
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Bernd-Hartmut Beuter |
Marketing |
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Markus Rasch |
Personaldirektor |
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Fritz Spannagel |
Executive |
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Ulrich Scheib |
Chairman of the board of directors |
News
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Title |
Date |
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Gontermann standalone Dec '12 sales at Rs
24.21 crore |
13-Feb-2013 |
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Gontermann Peipers appoints Susanta Ghosh
as additional director |
13-Feb-2013 |
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Nothing illegal about my stay in the Nilgiris:
Khurshid |
3-Jan-2013 |
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Gontermann Peipers India Ltd Announces
Resignation Of Managing Director |
28-Dec-2012 |
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Yadvendra Sahai is no longer at
Gontermann-Peipers (India) Ltd. |
28-Dec-2012 |
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Gontermann-Peipers (India) posts Rs 5.65
crore net loss in Q1 |
14-Aug-2012 |
1 - Profit & Loss Item Exchange Rate: USD 1 = EUR 0.7476949
2 - Balance Sheet Item Exchange Rate: USD 1 = EUR 0.8046644
Corporate Overview
Location
Hauptstrasse 20
Siegen, 57074
Germany
Tel: 49 (271) 60-0
Fax: 49 (271) 60 200
Web: www.gontermann-peipers.de
Sales EUR(mil): 127.9
Assets EUR(mil): 154.1
Employees: 577
Fiscal Year End: 30-Jun-2012
Industry: Iron
and Steel
Incorporation Date: 1825
Company Type: Private
Subsidiary
Quoted Status: Not
Quoted
Registered No.(DEU): 1040
Chairman of the
board of directors:
Ulrich Scheib
Industry Codes
ANZSIC 2006 Codes:
2121 - Iron and Steel Casting
NACE 2002 Codes:
2752 - Casting of steel
2751 - Casting of iron
NAICS 2002 Codes:
331513 - Steel Foundries (except Investment)
331511 - Iron Foundries
US SIC 1987:
3325 - Steel Foundries, Not Elsewhere Classified
3322 - Malleable Iron Foundries
UK SIC 2003:
2752 - Casting of steel
2751 - Casting of iron
UK SIC 2007:
2452 - Casting of steel
2451 - Casting of iron
Business
Description
Steel mill
More Business
Descriptions
Gontermann-Peipers Gesellschaft mit beschränkter Haftung is primarily
engaged in casting of finished or semi-finished steel products; and casting of
steel castings.
Iron and Steel Mills and Ferroalloy Manufacturing
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Corporate Family |
Corporate
Structure News: |
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Gontermann
Holding GmbH |
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Gontermann-Peipers GmbH |
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Company Name |
Company
Type |
Location |
Country |
Industry |
Sales |
Employees |
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Gontermann Holding GmbH |
Parent |
Siegen, Nordrhein-Westfalen |
Germany |
Commercial Banks |
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2 |
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Gontermann Holding
Industriebeteiligungen- und Handels-AG & Co.KG |
Subsidiary |
Siegen, Nordrhein-Westfalen |
Germany |
Commercial Banks |
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3 |
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Gontermann-Peipers GmbH |
Subsidiary |
Siegen, Nordrhein-Westfalen |
Germany |
Iron and Steel |
171.1 |
575 |
Executive report
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Board of
Directors |
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Vorsitzender |
Chairman |
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Chairman of the board of directors |
Chairman |
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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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Personaldirektor |
Human Resources Executive |
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Marketing |
Marketing Executive |
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Executive |
Other |
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Annual profit & loss
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30-Jun-2012 |
30-Jun-2011 |
30-Jun-2010 |
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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) |
0.747695 |
0.7347 |
0.721483 |
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Consolidated |
No |
No |
No |
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Total income |
171.1 |
170.7 |
135.8 |
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Raw materials and services |
61.4 |
58.8 |
38.7 |
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Net sales |
171.1 |
170.7 |
135.8 |
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Change in stock |
7.4 |
13.0 |
-1.3 |
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Own work capitalised |
3.6 |
3.3 |
1.3 |
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Other operating income |
5.5 |
7.5 |
6.4 |
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Raw materials and consumables employed |
61.4 |
58.8 |
38.7 |
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Other external charges |
32.6 |
28.1 |
23.7 |
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Cost of goods sold |
94.0 |
86.9 |
62.4 |
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Cost of raw materials |
94.0 |
86.9 |
62.4 |
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Taxes and social security costs |
8.9 |
8.0 |
10.0 |
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Total payroll costs |
50.4 |
49.2 |
44.6 |
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Fixed asset depreciation and amortisation |
10.8 |
11.3 |
11.1 |
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Other operating costs |
13.9 |
19.9 |
13.3 |
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Net operating
income |
18.5 |
27.2 |
10.8 |
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Income received from associated companies |
0.0 |
0.0 |
0.0 |
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Other income |
1.3 |
1.4 |
1.1 |
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Interest payable on loans |
3.6 |
3.7 |
1.1 |
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Other expenses |
1.1 |
0.9 |
0.5 |
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Total expenses |
3.3 |
3.2 |
0.5 |
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Profit before tax |
15.2 |
24.0 |
10.4 |
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Extraordinary income |
- |
3.0 |
- |
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Provisions |
74.6 |
83.1 |
78.0 |
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Extraordinary expenses |
- |
9.6 |
- |
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Extraordinary result |
- |
-6.6 |
- |
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Other taxes |
0.2 |
0.3 |
0.2 |
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Total taxation |
4.9 |
6.8 |
3.5 |
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Net profit |
10.0 |
10.3 |
6.6 |
Annual Balance
Sheet
Financials in: USD (mil)
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|
30-Jun-2012 |
30-Jun-2011 |
30-Jun-2010 |
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Filed Currency |
EUR |
EUR |
EUR |
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Exchange Rate |
0.804664 |
0.689727 |
0.816393 |
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Consolidated |
No |
No |
No |
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Issued capital |
25.6 |
29.8 |
25.2 |
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Capital reserves |
0.0 |
0.0 |
0.0 |
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Profits for the year |
45.0 |
47.4 |
33.3 |
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Total
stockholders equity |
70.5 |
77.2 |
58.5 |
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Deferred taxation |
- |
4.7 |
4.4 |
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Other provisions |
27.6 |
35.1 |
30.6 |
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Provision for pensions |
40.4 |
46.7 |
31.7 |
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Provisions and allowances |
69.3 |
88.5 |
68.9 |
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Owing to group/associated companies |
20.4 |
20.2 |
14.6 |
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Total long-term
liabilities |
20.4 |
20.2 |
14.6 |
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Trade creditors |
7.5 |
8.9 |
6.3 |
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Advances received |
7.2 |
7.8 |
7.7 |
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Taxation and social security |
16.5 |
9.7 |
6.0 |
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Total current liabilities |
31.2 |
26.4 |
20.0 |
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Regularisation account |
0.0 |
0.0 |
0.0 |
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Total
liabilities (including net worth) |
191.5 |
212.4 |
162.0 |
|
Patents |
0.3 |
0.5 |
0.3 |
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Intangibles |
0.3 |
0.5 |
0.3 |
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Land and buildings |
16.9 |
20.2 |
16.3 |
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Machinery and tools |
13.3 |
17.4 |
17.9 |
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Fixtures and equipment |
16.9 |
20.2 |
16.3 |
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Fixed assets under construction |
1.3 |
0.8 |
0.4 |
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Total tangible
fixed assets |
46.4 |
55.7 |
49.5 |
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Shares held in associated companies |
0.1 |
0.1 |
0.1 |
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Participating interest |
0.2 |
0.2 |
0.1 |
|
Total financial
assets |
0.2 |
0.3 |
0.2 |
|
Total
non-current assets |
47.0 |
56.5 |
50.0 |
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Raw materials |
9.5 |
10.3 |
8.5 |
|
Work in progress |
40.0 |
40.9 |
30.2 |
|
Finished goods |
16.8 |
17.3 |
7.2 |
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Net stocks and work in progress |
66.3 |
68.4 |
46.0 |
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Trade debtors |
27.2 |
25.0 |
17.2 |
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Other receivables |
3.9 |
4.3 |
2.5 |
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Total
receivables |
31.5 |
29.5 |
19.7 |
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Owing from associated companies |
0.4 |
0.2 |
0.0 |
|
Cash and liquid assets |
20.7 |
26.1 |
14.1 |
|
Marketable securities |
25.8 |
31.7 |
31.2 |
|
Short-term investments |
25.8 |
31.7 |
31.2 |
|
Total current
assets |
144.3 |
155.7 |
111.0 |
|
Prepaid expenses and deferred costs |
0.2 |
0.2 |
0.9 |
|
Total assets |
191.5 |
212.4 |
162.0 |
Annual Ratios
Financials in: USD (mil)
|
|
30-Jun-2012 |
30-Jun-2011 |
30-Jun-2010 |
|
Period Length |
12 Months |
12 Months |
12 Months |
|
Filed Currency |
EUR |
EUR |
EUR |
|
Exchange Rate |
0.804664 |
0.689727 |
0.816393 |
|
Consolidated |
No |
No |
No |
|
|
|
|
|
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Current ratio |
46.25 |
58.98 |
55.44 |
|
Acid test ratio |
25.01 |
33.05 |
32.48 |
|
Total liabilities to net worth |
0.07% |
0.06% |
0.06% |
|
Net worth to total assets |
0.04% |
0.04% |
0.04% |
|
Current liabilities to net worth |
0.04% |
0.03% |
0.03% |
|
Current liabilities to stock |
0.05% |
0.04% |
0.04% |
|
Fixed assets to net worth |
0.07% |
0.07% |
0.09% |
|
Collection period |
624.00 |
504.00 |
522.00 |
|
Stock turnover rate |
4.17 |
3.76 |
3.83 |
|
Profit margin |
0.01% |
0.01% |
0.00% |
|
Return on assets |
0.01% |
0.01% |
0.00% |
|
Shareholders' return |
0.01% |
0.01% |
0.01% |
|
Sales per employee |
22.17 |
22.01 |
16.25 |
|
Profit per employee |
1.30 |
2.18 |
0.79 |
|
Average wage per employee |
6.54 |
6.35 |
5.34 |
|
Net worth |
70.5 |
77.2 |
58.5 |
|
Number of employees |
577 |
570 |
603 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.16 |
|
UK Pound |
1 |
Rs.81.74 |
|
Euro |
1 |
Rs.70.50 |
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.