MIRA
INFORM REPORT
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Report Date : |
11.05.2013 |
IDENTIFICATION DETAILS
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Name : |
SCHOTT AG
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Registered Office : |
Hattenbergstrasse 10, Mainz, 55122 |
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Country : |
Germany |
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Financials (as on) : |
30.09.2012 |
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Year of Establishments: |
1884 |
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Com. Reg. No.: |
8555 |
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Legal Form : |
Private Subsidiary |
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Line of Business : |
manufacturer
of special glass, special materials, and pharmaceutical packing made of glass
and polymers |
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No. of Employees : |
16,698 |
RATING & COMMENTS
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MIRAs 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 : |
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
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Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
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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 6.5% 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.
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Source : CIA |
Company name & address
SCHOTT AG
Hattenbergstrasse 10
Mainz, 55122
Germany
Tel: 49-6131660
Fax: 496131662000
Web: www.schott.com
Synthesis
Employees: 16,698
Company Type: Private Subsidiary
Corporate Family: 137
Companies
Ultimate Parent: Carl-Zeiss-Stiftung
Incorporation Date: 1884
Financials in: USD
(Millions)
Fiscal Year End:
30-Sep-2012
Reporting Currency: Euro
Annual Sales:
2,606.9
Total Assets:
3,182.1
Business Description
SCHOTT AG (Schott) develops and manufactures special glass, special materials, and pharmaceutical packing made of glass and polymers. It is a subsidiary of Carl-Zeiss-Stiftung. Schott operates through three business segments namely Precision Materials, Optical Industries and Home Appliances. The company's key markets are household appliances, pharmaceuticals, solar energy, electronics, architecture, optics and the automotive industries. Its key products include, cooking surfaces, architectural glass, kitchenware, pharmaceutical packaging, stemware, solar power modules, color filters, syringes, glass-metal enclosures, and many others. Schott is headquartered in Mainz, Germany. Schott intends to achieve tremendous growth through its manufacturing and sales offices in 40 countries. In 2013, the company intends to achieve growth through strong core business, continued innovation and having strong presence in Asia.
Industry
Industry Construction - Supplies and Fixtures
ANZSIC 2006: 2010 - Glass and
Glass Product Manufacturing
NACE 2002: 2611 - Manufacture
of flat glass
NAICS 2002: 327211 - Flat
Glass Manufacturing
UK SIC 2003: 2611 - Manufacture
of flat glass
UK SIC 2007: 2311 - Manufacture
of flat glass
US SIC 1987: 3211 - Flat Glass
Key
Executives
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Name |
Title |
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Schott Lithotec |
CEO;Chairman of the Board of Management |
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Georg Sparschuh |
President, Pharmaceutical Tubing - India |
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Joorg Henkel |
Chief Sales & Marketing Officer, SCHOTT Solar AG |
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Klaus Bernhard Hofmann |
Director Corporate Public Relations |
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Christophe Muguet |
Vice President Global Syringe Business |
news
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1 - Profit & Loss Item Exchange Rate: USD 1 = EUR 0.7705342
2 - Balance Sheet Item Exchange Rate: USD 1 = EUR 0.7719989
Corporate Overview
Location
Hattenbergstrasse 10
Mainz, 55122
Germany
Tel: 49-6131660
Fax: 496131662000
Web: www.schott.com
Sales EUR(mil): 2,008.7
Assets EUR(mil): 2,456.6
Employees: 16,698
Fiscal Year End: 30-Sep-2012
Industry: Construction
- Supplies and Fixtures
Incorporation Date: 1884
Company Type: Private
Subsidiary
Quoted Status: Not
Quoted
Registered No.(DEU): 8555
CEO; Chairman of
the Board of Management:
Schott Lithotec
Industry Codes
ANZSIC 2006 Codes:
2010 - Glass and Glass Product Manufacturing
NACE 2002 Codes:
2611 - Manufacture of flat glass
2613 - Manufacture of hollow glass
NAICS 2002 Codes:
327211 - Flat Glass Manufacturing
327212 - Other Pressed and Blown Glass and Glassware Manufacturing
US SIC 1987:
3211 - Flat Glass
3229 - Pressed and Blown Glass and Glassware, Not Elsewhere
Classified
UK SIC 2003:
2611 - Manufacture of flat glass
2613 - Manufacture of hollow glass
UK SIC 2007:
2311 - Manufacture of flat glass
2313 - Manufacture of hollow glass
Business
Description
Production of special glass
More Business
Descriptions
Glass Mfr
SCHOTT AG is primarily engaged in manufacture of laboratory, hygienic or pharmaceutical glassware; manufacture of clock or watch glasses, optical glass and optical elements not optically worked; manufacture of glassware used in imitation jewellery; manufacture of glass insulators and glass insulating fittings; manufacture of glass paving blocks; and manufacture of glass in rods or tubes.
SCHOTT AG (Schott) is a manufacturer of high-quality industrial glass products. It develops and manufactures special glass, specialty materials, components and systems. The company operates globally in 40 countries across America, Africa, Asia, Australia, Europe and Middle East. Schott operates through three segments namely Precision Materials, Optical Industries, and Home Appliances. In the Precision Materials segment, the company serves electronic packaging and pharmaceutical systems markets. Schott’s Electronic Packaging business unit develops and manufactures hermetic housings and other components for long-term protection of sensitive electronics. The major technologies used in this market are glass-to-metal and ceramic-to-metal sealing, thermal sensing components and special plating processes for improved surface finishes. The company operates the Electronic Packaging business through SCHOTT Electronic Packaging and SCHOTT Elecpac subsidiaries. SCHOTT Electronic Packaging is classified into six product areas namely automotive, opto-electronics, frequency control, large-scale feed-throughs, specialty glass and thermal cutoffs and its facilities are located in Germany, Czech Republic, Japan, Singapore and the US. In April 2012, it received the nuclear ASME-NPT and Material Organization certifications for its plant in Landshut, Germany which produces hermetic glass-to-metal sealed Electrical Penetration Assemblies (EPA). Schott under its Pharmaceutical Systems market, manufacturer’s special glass tubing and pharmaceutical primary packaging made of glass and polymer. It has 17 production plants that manufacture over seven billion syringes, bottles, vials, ampoules and special items made of glass tubing and high-tech plastic every year. The technology used in Schott Pharmaceutical Packaging includes Schott Type I plus coating technology and Camera Inspection Technology. For the fiscal year ended September 2012, the Precision Materials segment sales grew by 1% to €854m. Through the Optical Industries segment, the company service Advanced Materials and Lighting and Imaging markets. Under the Advanced Material business, it supplies special glass types for applications in architecture, lighting, electronics and eyeglasses. This business offers variety of products and services under architecture applications, advanced optics and glass for special applications. Advances Optics offers board range of components and materials, and it has a material base comprising of fused silic. Its processed products include preforms for precision molding, glass filters, precision-molded and polished aspherical lenses as well as precision components such as CNC-processed parts, plane-parallel substrates and wafers. The company provides high-quality special glasses for a broad variety of applications in optics, eye protection, traffic lighting, architecture, interior design and lighting, electronics and electrical engineering. The Lighting and Imaging business provides solutions in markets such as architecture, automotive, aviation, defense, machine vision, life science and sensors. This business operates globally across Germany, the US, Czech Republic, Mexico and Japan. In December 2012, the company along with MORITEX launched a new high brightness ColdVision LLS 3 LED light source. For the fiscal year ended September 2012, the Optical Industries segment sales decreased by 8.8% to €388m. In the Home Appliances segment, the company provides glass-ceramics and special flat glasses. It serves Home Tech, Flat Glass and Solar markets. The Home Tech provides cooking surfaces for the household appliance industry and the major brand under this market includes CERAN. Schott Flat Glass offers aesthetic and custom glass solutions for ovens, gas cookers, refrigerators, dishwashers, washing machines and in the area of kitchen and living. SCHOTT Flat Glass is the preferred partner of the household appliance industry. The Schott Solar offers wide range of future-oriented products and solutions for almost all applications of Photovoltaics and Concentrated Solar Power. The company’s subsidiary SCHOTT Solar AG manufactures multi-crystalline wafers, cells and modules in the photovoltaic industry. In Early 2012, the company closed its multicrystalline photovoltaics business. For the fiscal year ended September 2012, Home Appliances segment’s sales fell by 3% to €1,531m. Geographically, the company derives revenue from five regions, namely, Europe, Asia, North America, South America, and Rest of the world. For the fiscal year ended September 2012, the company generated 43.9% of revenue from Europe, followed by Asia (26.2%), North America (23.3%), South America (5.9%), and rest of the world (0.7%). In February 2013, SCHOTT and MORITEX developed a telecentric illuminator that is built on an innovative concept for precision measurement using backlights. In the same month, the company opened the first fully automated plant for pharmaceutical packaging in Jambusar, Gujarat, India. In January 2013, the company introduced light glass wall which is composed of profile tubing. In December 2012, the company along with MORITEX introduced a new high brightness ColdVision LLS 3 LED light source to the market. It also launched MCV-Light Series, a 24-V driven lineup of LED spotlights for coaxial illumination.
SCHOTT AG (Schott) develops and manufactures special glass, special materials, and pharmaceutical packing made of glass and polymers. It is a subsidiary of Carl-Zeiss-Stiftung. Schott operates through three business segments namely Precision Materials, Optical Industries and Home Appliances. The company's key markets are household appliances, pharmaceuticals, solar energy, electronics, architecture, optics and the automotive industries. Its key products include, cooking surfaces, architectural glass, kitchenware, pharmaceutical packaging, stemware, solar power modules, color filters, syringes, glass-metal enclosures, and many others. Schott is headquartered in Mainz, Germany.Schott intends to achieve tremendous growth through its manufacturing and sales offices in 40 countries. In 2013, the company intends to achieve growth through strong core business, continued innovation and having strong presence in Asia.
SCHOTT is an international technology company that has developed and produced special glass,materials, components and systems for over 125 years. Worldwide, more than 16,000 employees are committed to providing our customers with more innovative ideas and solutions in the areas of household appliances, pharmaceuticals, electronics, optics, automotives, and many other industries. Find out more about SCHOTT. More Our Vision Our purpose is to improve how people live and work through expert solutions in specialty materials, components and systems. More Our Engagement SCHOTT is taking responsibility. Learn more about our commitment in the areas of society, employees & familiy, environment and science. More Our Awards Learn more about the placements in different employer rankings, in which SCHOTT convinces as an attractive employer.
Glass and Glass Product Manufacturing
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Strategic Initiatives
Partnerships
We feel that SCHOTT will remain in a strong position in the coming years and, in particular, grow beyond the core businesses Pharmaceutical Systems, Home Tech, and Electronic Packaging. We have significant potential for innovation in each of these areas. This potential is so strong that we are not currently planning to enter new segments, but rather relying on organic growth. With respect to Pharmaceutical Systems, we are focusing in fiscal year 2012/2013 on expanding our position in pharmaceutical packaging in Russia, India and China. In the strategically important Chinese pharmaceuticals market, the joint venture SCHOTT Xinkang Pharmaceutical Packaging established in 2012 with a local partner is on its way to becoming the largest premium supplier of pharmaceutical primary packaging in China.
Sales and
Distribution
He looks back on a proven track record in expanding the market presence of a global company, particularly in Asia. We are confident that the necessary reorientation at Schott is in excellent hands with him."Nov 26, 2012Schott To Expand Pharmaceutical Packaging Manufacturing In RussiaSchott Pharmaceutical Packaging plans to increase the production capacities at its plant in in Zavolzhe by more than 50%. The manufacturer announced this move at the Pharmtech trade fair in Moscow.Professor Udo Ungeheuer, chairman of the board of management of Schott AG, said, "Expanding our presence in Russia represents an important strategic step for the benefit of our customers. We are seeing continued growth in demand for locally manufactured primary packaging that also meets all of the international standards for quality.
The company has ten manufacturing sites and twelve sales companies in Asia.
In February 2013, the company opened the first fully automated plant for
pharmaceutical packaging in Jambusar, Gujarat, India. In May2012, the company
entered into strategic business collaboration with India-based TTK Prestige Ltd
for developing high quality cooking appliances. In November 2011, the company
signed an agreement with Zhejiang Xinkang Pharmaceutical Glass Co., Ltd.
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Helpful |
Harmful |
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Internal Origin |
Strengths |
Weaknesses |
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External Origin |
Opportunities |
Threats |
Overview
SCHOTT AG (SCHOTT) is a German manufacturer of high-quality industrial glass products and glass ceramics. The company serves various markets such as architecture & living, aviation, life science, lighting, tubing, household appliances, pharmaceutical industries, solar energy, electronics, optics & imaging, and automotive. Its broad product portfolio, diversified presence across the world and strong foothold in the market offers a significant competitive advantage. However, declining revenue remains a matter of major concern for the company. Additionally, intense competition in the sector, rapid technological changes could pose challenges to the company. Nevertheless, the company’s strategic expansion activities in Asia, research and development, and significant contracts would help in streamlining its operations.
Strengths
Strong Foothold in
the Market
The company is among the world’s leading manufacturers of glass tubing for a wide variety of industries with its production capacity more than 110,000 tons. It is also one of the world’s leading manufacturers of special-purpose glasses. SCHOTT is considered to be one of the world’s leading manufacturers of glass and glass-ceramic components for the home appliance industry and it is also among the world’s leaders in the area of primary pharmaceutical packaging. SCHOTT Solar is a technology and market leader. In 2012, the company extended its leading position in the CSP receiver market by offering a significantly improved product design. It introduced SCHOTT PTR 70 receiver, which increases the absorption rate of the receiver to over 95.5%. In addition, the company’s subsidiary is one of only few integrated manufacturers of multi-crystalline wafers, cells and modules in the photovoltaic industry. The company manufactures one million kilometers of pharmaceutical tubing and more than seven billion syringes, cartridges, vials and ampoules annually. Currently, more than 70% of all ranges in Germany are equipped with SCHOTT Ceran glass-ceramic cooktops panels. This cooktop panel received one of the top three places in competing for the German Sustainability Award 2011 in the category “Germany’s most sustainable products and services. It has a global market share of over 50%. Such strong foothold in the market offers new growth avenues for the company.
Diversified
Presence
The company has diversified geographic presence with operations spread across the world. SCHOTT maintains a close relationship with its customers in all major markets through its manufacturing and sales units. The company maintains a global presence with production sites for pharmaceutical tubing and packaging all over the world. It has manufacturing sites and sales offices in 40 countries. The company operates 11 domestic and 62 foreign subsidiaries as of September 2012. The company accelerates growth by expanding its local product lines, serving new customers, and creating strong partnerships with local champions. The group has been manufacturing pharmaceutical tubing in Germany, Spain, Brazil and India for many years. For the fiscal year 2012, the company generated 43.9% of revenue from Europe, of which 86% of total sales were from outside Germany, followed by Asia (26.2%), North America (23.3%), South America (5.9%), and rest of the world (0.7%). Such geographical spread and diversity provides a huge market for its products and services. In addition to the operational benefits provided by its vast geographical spread, the company stands to gain in terms of opportunities to secure new contracts, acquisitions, and joint ventures that generate additional revenues and contribute to further growth.
Board Product
Portfolio
SCHOTT broad product portfolio enables it to serve a wide customer base. The company develops and manufactures special glass, special materials, components and systems. It classified business operations into three segments and seven businesses. These segments are Precision Materials, Optical Industries, and Home Appliances and its businesses include electronic packaging, pharmaceutical systems, advanced materials, lighting and imaging, home tech, flat glass and solar. Its electronic packaging business develops, manufactures and distributes materials and components for maximum protection of sensitive electronics. Its products include hermetic housings and other components such as thermal fuses, special glass for the protection of sensitive electronics. The company through its pharmaceutical systems division manufactures special glass tubes and pharmaceutical primary packaging made of glass and polymers. It produces more more than seven billion syringes, vials, ampoules, cartridges and special articles of tubing glass or polymer. Its advanced materials business offers fused silica, glass filters, precision-molded and polished aspherical lenses precision components such as CNC-processed parts, plane-parallel substrates and wafers. SCHOTT’s lighting and imaging provides customized high-tech solutions in markets such as automotive, lighting, medical, industrial, aviation and defense. Its home tech division provides components and modules for household appliances. The company’s flat glass offers glass solutions for ovens, hob tops, refrigerators, dishwashers and washing machines and in the area of kitchen and living. The company’s solar division develops, manufactures and markets photovoltaic products. SCHOTT through its products serves various markets such as architecture & living, aviation, life science, lighting, tubing, household appliances, pharmaceutical industries, solar energy, electronics, optics & imaging, and automotive. Thus, the company’s wide range of products to diverse end-markets allows it to stay ahead of its competitors, besides driving its top line performance.
Weaknesses
Declining Revenue
The company reported weak financial performance in the 2012. For the fiscal year ended September 2012, the company reported revenue of € 2,009m, as compared to €2,121m in 2011, a decrease of 5% from 2011. This decline in sales is attributed to the fall in Home Tech and Optical industry sales as compared to the previous year. The other reasons for include intense price pressure in photovoltaics and solar industry. The sales of optical materials for consumer goods also decreased due to natural catastrophes in Asia. Such declined revenue could affect the growth prospects of the company.
Opportunities
Significant Contracts
SCHOTT received major contracts enhancing its market presence. In November 2012, the company completed the shipment of more than 17,000 SCHOTT PTR 70 receivers to India-based Godawari Green Energy Ltd. In March 2012, SCHOTT Solar received a large order for 12 MW of photovoltaic modules from Israel-based GreenTops, one of key partners in the Mediterranean region. It is successfully strengthening its project business and activities abroad. In August 2011, the company received a large order from Thailand to deliver 67,000 photovoltaic modules for two solar power plants that Phoenix Solar Singapore has been building just north of Bangkok. These two sites achieve peak output of 9.7 MW and 6.2 MW. It also received an order from Premier Solar to deliver 200,000 Schott ASI photovoltaic modules. Premier Solar is a long-term partner for SCHOTT Solar and this order is the largest so far for SCHOTT Solar in Asia as well as the largest ever for SCHOTT Solar Thin Film GmbH from a single customer worldwide. It is also the most comprehensive contract concluded by SCHOTT AG in India. This order enables the company to continue expanding its visibility in the Indian market. In addition, the company would be the first company to supply all of the electrical penetration assemblies (EPAs) sealed with glass and metal needed for a demonstration nuclear reactor that is scheduled to go into operation in China in about four years time.
Focus on Research and
Development
The company through its research and development focuses on producing new products, materials, and production processes and improving existing techniques. The company’s Otto Schott Research Center in Mainz is one of the world’s leading glass research institution and the largest glass research center in Europe. It also has a development center in Duryea, Pennsylvania, the US. It offers services including contract development of materials, manufacturing of materials in small quantities, custom-tailored components, melting technology services, coating development service and analysis measurement service. The company also maintains intensive contact with numerous partners at universities, research institutes and businesses in Germany and abroad. Its principal areas of development include special glasses and glass-ceramics, coating technologies, and new melting and shaping processes for applications in home appliances, lighting, pharmaceutical industry, optics and opto-electronics and photovoltaic and concentrated solar power. For the fiscal year September 2012, SCHOTT reported R&D expenditure of €78m. The company currently holds more than 2,707 global patents. In February 2013, SCHOTT and MORITEX developed a telecentric illuminator that is built on an innovative concept for precision measurement using backlights. In 2012, the company became the first manufacturer to introduce a fireplace viewing panel with an opening angle of 270 degrees. SCHOTT Solar AG introduced new solar cell concepts claiming the technological leadership of the company. In November 2011, the company announced the development of new technique Quasimono technology which combines the advantages of the Czochralski and vertical gradient freeze (VGF) processes. This technique is used for manufacturing full-square high-performance wafers that contain a high monocrystalline share that is significantly more cost-effective. Besides, the company succeeded in increasing the efficiency of back-contact solar cells to 23.3%. Thus, the company’s focused research and development opens up new opportunities for growth.
Strategic
Expansion Activities in Asia
SCHOTT’s strengthening of Asian business operations provides growth opportunities. The economic growth in Asian region (particularly China) is considerably higher than in Europe and North America. The company has ten manufacturing sites and twelve sales companies in Asia. In February 2013, the company opened the first fully automated plant for pharmaceutical packaging in Jambusar, Gujarat, India. In May2012, the company entered into strategic business collaboration with India-based TTK Prestige Ltd for developing high quality cooking appliances. In November 2011, the company signed an agreement with Zhejiang Xinkang Pharmaceutical Glass Co., Ltd. to establish a pharmaceutical packaging joint venture in China. It already established SCHOTT Solar Hareon Ltd. in Taicang, China, in addition to existing production facilities for photovoltaic modules in the Czech Republic and the US. It developed new distribution channels and significantly increased its sales volume. This new company, in which the company owns the majority of shares, combines Xinkang’s local market expertise with SCHOTT’s technology. This strengthens SCHOTT’s position in the growth market of China and continuing its expansion in the emerging pharmaceutical markets.
Threats
Rapid Technological
Changes
The market in which the company operates undergoes rapid technological
changes. Also, the lighting and home appliances industry is susceptible to
various significant ongoing technological advances and product innovation and
development. Hence, in order to meet its customer’s demands, the company must
continuously design new, and update existing products and invest and develop
new technologies and products. The launch of new products and technologies by
the company involves a significant commitment towards its research and
development. Upon investing in these new technologies, the company’s profits
may suffer if they are not accepted in the marketplace as anticipated.
Additionally, its competitors may develop innovative technologies and products,
which might render its technology and products under development obsolete or
uncompetitive.
Operational
Constraints
Operational risk may occur due to capital investments, damage of
property, raw material procurement and loss of reputation. The company’s
operational facilities are decentralized and are managed through a network of
geographically dispersed management personnel. Any supply shortage or the
insolvency of a supplier could negatively impact the company’s operations
leading to short-term production losses and consequently to decreases in sales
and earnings. Furthermore, impending shortages in the area of rare earth
metals, or the risk of general price increases could affect the financial
performance of the company.
Highly Competitive
Market
The company faces intense competition in the market it serves. This
further intensifies due to the entry of new suppliers in the market from
countries where there are lower production costs, and the battle for market
share continues to grow fiercer. To survive the intense competition, companies
may be forced to lower their prices or if demand for its products decreases,
the business and financial condition would be adversely affected. Besides, the
company’s Photovoltaics division significantly suffered due to a distinct and
sustained decline in prices and considerable overcapacities in the market. The
company competes with the leading companies in the industry such as
Gerresheimer AG, Corning Incorporated, Pilkington Group Limited, and many
others. SCHOTT should be well equipped to face such competition and still
maintain its market position.
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Corporate Family |
Corporate
Structure News: |
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Carl-Zeiss-Stiftung |
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SCHOTT AG |
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Company Name |
Company
Type |
Location |
Country |
Industry |
Sales |
Employees |
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Parent |
Oberkochen |
Germany |
Scientific and Technical Instruments |
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13,667 |
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Subsidiary |
Oberkochen |
Germany |
Scientific and Technical Instruments |
4,026.8 |
24,326 |
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Pending acquisition of Carl Zeiss Vision International
GmbH.See corporate
structure news on
Carl-Zeiss-Stiftung for details |
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Subsidiary |
Jena, Thüringen |
Germany |
Scientific and Technical Instruments |
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10,000 |
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Subsidiary |
Shinjuku-Ku, Tokyo |
Japan |
Scientific and Technical Instruments |
47.7 |
9 |
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Subsidiary |
Jena |
Germany |
Medical Equipment and Supplies |
1,118.5 |
2,515 |
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Subsidiary |
Le Pecq |
France |
Personal and Household Products |
64.9 |
74 |
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Subsidiary |
Shinjuku-Ku, Tokyo |
Japan |
Medical Equipment and Supplies |
156.1 |
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Carl Zeiss
Meditec Asset Management Verwaltungsgesellschaft mbH |
Subsidiary |
Jena, Thüringen |
Germany |
Rental and Leasing |
0.7 |
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Subsidiary |
Jena, Thüringen |
Germany |
Scientific and Technical Instruments |
297.9 |
1,800 |
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Subsidiary |
Oberkochen, Baden-Württemberg |
Germany |
Scientific and Technical Instruments |
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700 |
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Subsidiary |
Tholey, Saarland |
Germany |
Scientific and Technical Instruments |
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115 |
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Subsidiary |
Essingen, Baden-Württemberg |
Germany |
Engineering Consultants |
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40 |
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Subsidiary |
Ostfildern, Baden-Württemberg |
Germany |
Scientific and Technical Instruments |
6.3 |
26 |
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Subsidiary |
Wangen, Baden-Württemberg |
Germany |
Scientific and Technical Instruments |
3.9 |
25 |
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Subsidiary |
Fougères |
France |
Medical Equipment and Supplies |
107.6 |
681 |
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Subsidiary |
Fougères |
France |
Medical Equipment and Supplies |
107.6 |
445 |
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Subsidiary |
Aubergenville |
France |
Medical Equipment and Supplies |
63.9 |
374 |
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Subsidiary |
Dublin, CA |
United States |
Scientific and Technical Instruments |
6.8 |
500 |
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Subsidiary |
San Diego, CA |
United States |
Medical Equipment and Supplies |
16.0 |
120 |
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Subsidiary |
Wetzlar, Hessen |
Germany |
Scientific and Technical Instruments |
111.5 |
430 |
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|
Carl Zeiss
Sport Optikai Hungaria Gyarto Es Kereskedelmi Korlatolt Felelossegu Tarsasag |
Subsidiary |
Mateszalka |
Hungary |
Scientific and Technical Instruments |
14.7 |
147 |
|
|
Subsidiary |
Jena |
Germany |
Medical Equipment and Supplies |
|
400 |
|
|
|
Subsidiary |
México, D.F. |
Mexico |
Scientific and Technical Instruments |
|
150 |
|
|
|
Subsidiary |
Le Pecq |
France |
Medical Equipment and Supplies |
44.4 |
149 |
|
|
|
Subsidiary |
Sao Paulo, Sao Paulo |
Brazil |
Medical Equipment and Supplies |
42.8 |
120 |
|
|
|
Subsidiary |
North York, ON |
Canada |
Medical Equipment and Supplies |
|
100 |
|
|
|
Subsidiary |
Chester, VA |
United States |
Medical Equipment and Supplies |
4.4 |
96 |
|
|
|
Subsidiary |
North Ryde, NSW |
Australia |
Medical Equipment and Supplies |
75.9 |
77 |
|
|
|
Subsidiary |
Oberkochen, Baden-Württemberg |
Germany |
Scientific and Technical Instruments |
|
50 |
|
|
|
Subsidiary |
North Ryde, NSW |
Australia |
Medical Equipment and Supplies |
|
40 |
|
|
|
Subsidiary |
Singapore |
Singapore |
Scientific and Technical Instruments |
27.1 |
|
|
|
|
Branch |
Bangalore, Karnataka |
India |
Medical Equipment and Supplies |
9.4 |
|
|
|
|
Subsidiary |
Petaling Jaya, Selangor |
Malaysia |
Retail (Specialty) |
11.0 |
|
|
|
|
Subsidiary |
Auckland |
New Zealand |
Medical Equipment and Supplies |
|
|
|
|
|
Subsidiary |
Esslingen |
Germany |
Scientific and Technical Instruments |
|
|
|
|
|
Subsidiary |
Mainz, Rheinland-Pfalz |
Germany |
Construction - Supplies and Fixtures |
2,606.9 |
16,105 |
|
|
|
Subsidiary |
Elmsford, NY |
United States |
Personal and Household Products |
495.0 |
16,700 |
|
|
|
Subsidiary |
Southbridge, MA |
United States |
Medical Equipment and Supplies |
20.0 |
280 |
|
|
|
Branch |
Southbridge, MA |
United States |
Retail (Specialty) |
1.7 |
3 |
|
|
|
Branch |
Elmsford, NY |
United States |
Construction Services |
5.7 |
200 |
|
|
|
Subsidiary |
Lebanon, PA |
United States |
Containers and Packaging |
15.0 |
135 |
|
|
|
Subsidiary |
Dalton, GA |
United States |
Appliance and Tool |
|
118 |
|
|
|
Branch |
Louisville, KY |
United States |
Construction Services |
4.6 |
15 |
|
|
|
Branch |
Auburn, NY |
United States |
Personal and Household Products |
|
64 |
|
|
|
Subsidiary |
Rocklin, CA |
United States |
Miscellaneous Capital Goods |
|
14 |
|
|
|
Branch |
Santa Clara, CA |
United States |
Miscellaneous Capital Goods |
6.7 |
5 |
|
|
|
Branch |
Santa Barbara, CA |
United States |
Miscellaneous Capital Goods |
2.7 |
1 |
|
|
|
Subsidiary |
Louisville, KY |
United States |
Miscellaneous Fabricated Products |
|
10 |
|
|
|
Branch |
Vincennes, IN |
United States |
Miscellaneous Fabricated Products |
1.4 |
300 |
|
|
|
Branch |
Arlington, VA |
United States |
Miscellaneous Capital Goods |
19.6 |
8 |
|
|
|
Subsidiary |
Elmsford, NY |
United States |
Miscellaneous Fabricated Products |
|
6 |
|
|
|
Branch |
Elmsford, NY |
United States |
Construction Services |
0.8 |
5 |
|
|
|
Subsidiary |
Southbridge, MA |
United States |
Miscellaneous Fabricated Products |
|
5 |
|
|
|
Branch |
Golden, CO |
United States |
Containers and Packaging |
0.7 |
2 |
|
|
|
Subsidiary |
Louisville, KY |
United States |
Fabricated Plastic and Rubber |
|
4 |
|
|
|
Branch |
Parkersburg, WV |
United States |
Retail (Home Improvement) |
0.9 |
3 |
|
|
|
Subsidiary |
Mainz |
Germany |
Scientific and Technical Instruments |
|
4,000 |
|
|
|
Subsidiary |
Duryea, PA |
United States |
Construction - Supplies and Fixtures |
60.0 |
300 |
|
|
|
Subsidiary |
Mainz, Rheinland-Pfalz |
Germany |
Semiconductors |
723.3 |
2,200 |
|
|
|
Subsidiary |
Jena, Thüringen |
Germany |
Engineering Consultants |
160.5 |
460 |
|
|
|
Subsidiary |
Albuquerque, NM |
United States |
Business Services |
5.0 |
225 |
|
|
|
Subsidiary |
Jena, Thüringen |
Germany |
Electronic Instruments and Controls |
|
160 |
|
|
|
Subsidiary |
Mainz, Rheinland-Pfalz |
Germany |
Electronic Instruments and Controls |
|
130 |
|
|
|
Subsidiary |
Mitterteich |
Germany |
Personal and Household Products |
182.4 |
1,220 |
|
|
|
Subsidiary |
Bad Gandersheim |
Germany |
Scientific and Technical Instruments |
|
530 |
|
|
|
Subsidiary |
Valašské Mezirící |
Czech Republic |
Semiconductors |
613.0 |
511 |
|
|
|
Subsidiary |
Jena, Thüringen |
Germany |
Construction - Supplies and Fixtures |
|
500 |
|
|
|
Subsidiary |
Itupeva, Sao Paulo |
Brazil |
Containers and Packaging |
|
470 |
|
|
|
Subsidiary |
Jena, Thüringen |
Germany |
Construction - Supplies and Fixtures |
|
300 |
|
|
|
Subsidiary |
Suzhou, Jiangsu |
China |
Construction - Supplies and Fixtures |
|
300 |
|
|
|
Joint Venture |
Sweetwater, TN |
United States |
Construction - Supplies and Fixtures |
140.0 |
250 |
|
|
|
Subsidiary |
Vincennes, IN |
United States |
Construction - Supplies and Fixtures |
0.8 |
500 |
|
|
|
Branch |
Madisonville, KY |
United States |
Furniture and Fixtures |
189.1 |
85 |
|
|
|
Branch |
Garnet Valley, PA |
United States |
Personal and Household Products |
3.4 |
15 |
|
|
|
Subsidiary |
Tokyo |
Japan |
Scientific and Technical Instruments |
119.6 |
208 |
|
|
|
Subsidiary |
Mainz, Rheinland-Pfalz |
Germany |
Construction - Supplies and Fixtures |
123.1 |
200 |
|
|
|
Subsidiary |
Rio de Janeiro |
Brazil |
Construction - Supplies and Fixtures |
|
200 |
|
|
|
Subsidiary |
Valašské Mezirící |
Czech Republic |
Personal and Household Products |
27.6 |
169 |
|
|
|
Subsidiary |
Sant Adria De Besos, Barcelona |
Spain |
Miscellaneous Fabricated Products |
27.8 |
123 |
|
|
|
Subsidiary |
Singapore |
Singapore |
Miscellaneous Capital Goods |
6.0 |
100 |
|
|
|
Subsidiary |
Barcelona |
Spain |
Construction - Supplies and Fixtures |
|
85 |
|
|
|
Subsidiary |
Casteljaloux |
France |
Scientific and Technical Instruments |
|
70 |
|
|
|
Subsidiary |
Sao Paulo, Rio de Janiero |
Brazil |
Construction - Supplies and Fixtures |
|
50 |
|
|
|
Subsidiary |
Clichy |
France |
Scientific and Technical Instruments |
6.1 |
4 |
|
|
|
Subsidiary |
Pont Sur Yonne |
France |
Containers and Packaging |
25.8 |
224 |
|
|
|
Subsidiary |
Casteljaloux |
France |
Containers and Packaging |
7.8 |
74 |
|
|
|
Subsidiary |
Mainz, Rheinland-Pfalz |
Germany |
Commercial Banks |
|
2 |
|
|
|
Subsidiary |
Vadodara, Gujarat |
India |
Personal and Household Products |
1,296.2 |
|
|
|
|
Subsidiary |
St. Gallen, Sankt Gallen |
Switzerland |
Miscellaneous Financial Services |
0.3 |
|
|
|
|
Schott
Forma Vitrum Gyogyszeripari Uvegtermek Gyarto Es Kereskedelmi Korlatolt
Felelossegu |
Subsidiary |
Lukacshaza |
Hungary |
Construction - Supplies and Fixtures |
65.2 |
553 |
|
|
Schott
(Shanghai) Precision Materials & Equipment International Trading Co Ltd |
Subsidiary |
Shanghai |
China |
Construction - Supplies and Fixtures |
|
|
|
|
Branch |
Müllheim, Baden-Württemberg |
Germany |
Containers and Packaging |
|
|
|
|
|
Subsidiary |
Itupeva, SP |
Brazil |
Personal and Household Products |
|
|
|
|
|
Subsidiary |
Budapest |
Hungary |
Medical Equipment and Supplies |
|
450 |
|
|
|
Subsidiary |
Oberkochen, Baden-Württemberg |
Germany |
Scientific and Technical Instruments |
|
320 |
|
|
|
Subsidiary |
Oberkochen, Baden-Württemberg |
Germany |
Scientific and Technical Instruments |
|
200 |
|
|
|
Subsidiary |
Welwyn Garden City |
United Kingdom |
Business Services |
63.4 |
176 |
|
|
|
Subsidiary |
Arese |
Italy |
Construction - Supplies and Fixtures |
62.9 |
122 |
|
|
|
Subsidiary |
Novara, Novara |
Italy |
Business Services |
8.4 |
24 |
|
|
|
Subsidiary |
Sliedrecht |
Netherlands |
Scientific and Technical Instruments |
|
100 |
|
|
|
Subsidiary |
Poznan |
Poland |
Medical Equipment and Supplies |
26.6 |
90 |
|
|
|
Subsidiary |
Jena, Thüringen |
Germany |
Scientific and Technical Instruments |
|
90 |
|
|
|
Subsidiary |
Vienna |
Austria |
Scientific and Technical Instruments |
27.0 |
80 |
|
|
|
Subsidiary |
Moscow |
Russian Federation |
Construction - Supplies and Fixtures |
|
80 |
|
|
|
Subsidiary |
Feldbach |
Switzerland |
Scientific and Technical Instruments |
|
75 |
|
|
|
Subsidiary |
Tres Cantos, Madrid |
Spain |
Scientific and Technical Instruments |
20.7 |
56 |
|
|
|
Subsidiary |
Tokyo |
Japan |
Scientific and Technical Instruments |
|
55 |
|
|
|
Subsidiary |
Seoul, Seoul |
Korea, Republic of |
Medical Equipment and Supplies |
23.9 |
84 |
|
|
|
Subsidiary |
Prague |
Czech Republic |
Construction - Supplies and Fixtures |
|
55 |
|
|
|
Subsidiary |
Stockholm |
Sweden |
Scientific and Technical Instruments |
24.9 |
50 |
|
|
|
Subsidiary |
Singapore |
Singapore |
Scientific and Technical Instruments |
13.6 |
50 |
|
|
|
Subsidiary |
Seoul |
Korea, Republic of |
Scientific and Technical Instruments |
|
50 |
|
|
|
Subsidiary |
Coyoacan, Catarina |
Mexico |
Scientific and Technical Instruments |
|
50 |
|
|
|
Subsidiary |
Zaventem |
Belgium |
Scientific and Technical Instruments |
19.4 |
38 |
|
|
|
Subsidiary |
Cheung Sha Wan, Kowloon |
Hong Kong |
Scientific and Technical Instruments |
|
20 |
|
|
|
Subsidiary |
Shanghai, Shanghai |
China |
Scientific and Technical Instruments |
67.4 |
|
|
|
|
Subsidiary |
Bangkok |
Thailand |
Scientific and Technical Instruments |
|
15 |
|
|
|
Subsidiary |
Warsaw |
Poland |
Scientific and Technical Instruments |
|
15 |
|
|
|
Subsidiary |
Culemborg, Gelderland |
Netherlands |
Construction - Supplies and Fixtures |
|
12 |
|
|
|
Subsidiary |
Lanškroun |
Czech Republic |
Electronic Instruments and Controls |
64.5 |
468 |
|
|
|
Subsidiary |
Shinjuku-Ku, Tokyo |
Japan |
Construction - Supplies and Fixtures |
49.2 |
34 |
|
|
|
Subsidiary |
Bratislava |
Slovakia |
Scientific and Technical Instruments |
|
11 |
|
|
|
Subsidiary |
Bucharest |
Romania |
Scientific and Technical Instruments |
|
4 |
|
|
|
Karmesin
Grundstücksverwaltungsgesellschaft mbH & Co. Vermietungs KG |
Subsidiary |
Mainz, Rheinland-Pfalz |
Germany |
Business Services |
2.4 |
2 |
|
|
Psephit Grundstücksverwaltungsgesellschaft
mbH & Co. Vermietungs KG |
Subsidiary |
Mainz, Rheinland-Pfalz |
Germany |
Commercial Banks |
1.1 |
1 |
|
|
Subsidiary |
Culemborg, Gelderland |
Netherlands |
Miscellaneous Financial Services |
|
|
|
|
|
Subsidiary |
Culemborg, Gelderland |
Netherlands |
Construction - Supplies and Fixtures |
|
|
|
|
|
Subsidiary |
Troisfontaines |
France |
Construction - Supplies and Fixtures |
51.1 |
430 |
|
|
|
Subsidiary |
Tekirdag |
Turkey |
Personal and Household Products |
75.2 |
381 |
|
|
|
Subsidiary |
Bor G. |
Russian Federation |
Construction - Supplies and Fixtures |
11.0 |
354 |
|
|
|
Subsidiary |
Indaiatuba, Sao Paulo |
Brazil |
Construction - Supplies and Fixtures |
31.6 |
350 |
|
|
|
Subsidiary |
Valasske Mezirici |
Czech Republic |
Construction - Supplies and Fixtures |
31.6 |
201 |
|
|
|
Subsidiary |
Borgo A Mozzano, Lucca |
Italy |
Construction - Supplies and Fixtures |
31.0 |
165 |
|
|
|
Subsidiary |
Buenos Aires |
Argentina |
Scientific and Technical Instruments |
|
|
|
|
|
Subsidiary |
Randburg |
South Africa |
Scientific and Technical Instruments |
|
|
|
|
|
Subsidiary |
Oslo |
Norway |
Medical Equipment and Supplies |
|
|
|
|
|
Subsidiary |
Kiev |
Ukraine |
Construction - Supplies and Fixtures |
|
|
|
|
Competitors Report
|
Company Name |
Location |
Employees |
Ownership |
|
Centrosolar Group AG |
Muenchen, Germany |
1,056 |
Public |
|
Corning Incorporated |
Corning, New York, United States |
28,700 |
Public |
|
Gerresheimer AG |
Duesseldorf, Germany |
10,952 |
Public |
|
Global PVQ SE |
Bitterfeld-Wolfen, Germany |
2,541 |
Public |
Executive report
|
Board of
Directors |
|
|
|
|
|||||||||
|
Chairman-Management Board |
Chairman |
|
|||||||||
|
Chairman of the Supervisory Board |
Chairman |
|
|||||||||
|
CEO;Chairman of the Board of Management |
Chairman |
|
|||||||||
|
Vorsitzender |
Chairman |
|
|||||||||
|
||||||||||||
|
Supervisory Board of Directors |
Director/Board Member |
|
|
||||||||
|
Supervisory Board of Directors |
Director/Board Member |
|
|
||||||||
|
Member-Management Board |
Director/Board Member |
|
|
||||||||
|
||||||||||||
|
Supervisory Board of Directors |
Director/Board Member |
|
|
||||||||
|
||||||||||||
|
Supervisory Board of Directors |
Director/Board Member |
|
|
||||||||
|
Member-Management Board |
Director/Board Member |
|
|
||||||||
|
||||||||||||
|
Strategic Advisor |
Director/Board Member |
|
|
||||||||
|
Member-Management Board |
Director/Board Member |
|
|
||||||||
|
||||||||||||
|
Member of the board of directors |
Director/Board Member |
|
|
||||||||
|
||||||||||||
|
Supervisory Board of Directors |
Director/Board Member |
|
|
||||||||
|
Supervisory Board of Directors |
Director/Board Member |
|
|
||||||||
|
Member of the board of directors |
Director/Board Member |
|
|
||||||||
|
Supervisory Board of Directors |
Director/Board Member |
|
|
||||||||
|
Supervisory Board of Directors |
Director/Board Member |
|
|
||||||||
|
Member of the board of directors |
Director/Board Member |
|
|
||||||||
|
Supervisory Board of Directors |
Director/Board Member |
|
|
||||||||
|
Member-Management Board |
Director/Board Member |
|
|
||||||||
|
||||||||||||
|
Member-Management Board |
Director/Board Member |
|
|
||||||||
|
||||||||||||
|
Supervisory Board of Directors |
Director/Board Member |
|
|
||||||||
|
Supervisory Board of Directors |
Director/Board Member |
|
|
||||||||
|
Executives |
|
|
|
|
||||
|
CEO;Chairman of the Board of Management |
Chief Executive Officer |
|
||||
|
President, Pharmaceutical Tubing - India |
President |
|
||||
|
Chief Sales & Marketing Officer, SCHOTT Solar AG |
Sales Executive |
|
||||
|
Vice President Global Syringe Business |
International Executive |
|
||||
|
Director Corporate Public Relations |
Public Relations Executive |
|
||||
|
Director Corporate Management Committee |
Other |
|
||||
|
|||||||
|
Director Corporate Management Committee |
Other |
|
|
|||
|
|||||||
Annual Profit & Loss
|
|
30-Sep-2012 |
30-Sep-2011 |
30-Sep-2010 |
|
Period Length |
12 Months |
12 Months |
12 Months |
|
Filed Currency |
EUR |
EUR |
EUR |
|
Exchange Rate
(Period Average) |
0.770534 |
0.717768 |
0.740255 |
|
Consolidated |
Yes |
Yes |
Yes |
|
|
|
|
|
|
Total income |
2,606.9 |
4,014.3 |
3,842.6 |
|
Net sales |
2,606.9 |
4,014.3 |
3,842.6 |
|
Other operating income |
82.0 |
401.9 |
337.0 |
|
Cost of sales |
1,764.0 |
2,858.2 |
2,646.1 |
|
Gross profit |
842.9 |
1,156.1 |
1,196.5 |
|
Advertising, distribution, and commercial
expenses |
281.5 |
390.4 |
343.5 |
|
General expenses |
290.0 |
385.1 |
368.4 |
|
Other operating costs |
615.0 |
522.5 |
532.3 |
|
Net operating
income |
-261.6 |
259.9 |
289.3 |
|
Other income |
3.9 |
12.6 |
10.8 |
|
Interest payable on loans |
64.8 |
88.0 |
95.0 |
|
Total expenses |
63.9 |
74.5 |
72.2 |
|
Profit before tax |
-325.5 |
185.4 |
217.1 |
|
Provisions |
1,419.0 |
1,251.3 |
1,410.5 |
|
Total taxation |
35.5 |
33.3 |
71.4 |
|
Net profit |
- |
152.1 |
145.7 |
|
Net loss |
-361.0 |
- |
- |
Annual Balance
Sheet
Financials in: USD (mil)
|
|
30-Sep-2012 |
30-Sep-2011 |
30-Sep-2010 |
|
Filed Currency |
EUR |
EUR |
EUR |
|
Exchange Rate |
0.771999 |
0.745323 |
0.732493 |
|
Consolidated |
Yes |
Yes |
Yes |
|
|
|
|
|
|
Issued capital |
194.3 |
201.3 |
204.8 |
|
Capital reserves |
417.4 |
432.3 |
439.9 |
|
Profits for the year |
-164.7 |
372.0 |
215.6 |
|
Total stockholders
equity |
656.8 |
1,207.9 |
1,049.5 |
|
Minority interests |
140.5 |
150.0 |
151.7 |
|
Deferred taxation |
90.0 |
75.3 |
99.0 |
|
Other provisions |
314.9 |
295.0 |
360.3 |
|
Provision for pensions |
1,011.5 |
834.6 |
902.1 |
|
Provisions and allowances |
1,416.3 |
1,205.0 |
1,425.5 |
|
Other debentures |
202.1 |
333.1 |
573.9 |
|
Advance payments |
- |
- |
21.7 |
|
Taxes and social security |
62.9 |
85.1 |
108.0 |
|
Total long-term
liabilities |
265.0 |
426.9 |
703.5 |
|
Trade creditors |
230.0 |
364.5 |
344.3 |
|
Advances received |
97.4 |
141.0 |
175.1 |
|
Other loans |
164.7 |
85.8 |
99.5 |
|
Taxation and social security |
243.8 |
275.6 |
351.6 |
|
Total current
liabilities |
798.9 |
907.9 |
977.2 |
|
Regularisation account |
15.1 |
17.9 |
16.8 |
|
Total
liabilities (including net worth) |
3,182.1 |
3,799.0 |
4,172.4 |
|
Patents |
47.1 |
50.1 |
55.0 |
|
Goodwill |
154.5 |
143.6 |
171.9 |
|
Other intangibles |
- |
- |
8.3 |
|
Intangibles |
203.4 |
195.0 |
235.2 |
|
Land and buildings |
366.8 |
457.8 |
483.0 |
|
Machinery and tools |
544.1 |
702.1 |
798.9 |
|
Fixtures and equipment |
366.8 |
457.8 |
483.0 |
|
Fixed assets under construction |
65.9 |
108.6 |
123.3 |
|
Total tangible
fixed assets |
1,063.0 |
1,369.9 |
1,512.4 |
|
Shares held in associated companies |
5.4 |
5.5 |
5.1 |
|
Participating interest |
0.3 |
2.2 |
37.9 |
|
Deposits |
1.1 |
108.6 |
236.8 |
|
Total financial
assets |
65.7 |
186.7 |
336.8 |
|
Total
non-current assets |
1,332.1 |
1,751.6 |
2,084.4 |
|
Net stocks and work in progress |
511.8 |
721.5 |
634.9 |
|
Trade debtors |
477.5 |
566.0 |
534.5 |
|
Other receivables |
95.6 |
180.1 |
219.8 |
|
Total
receivables |
575.5 |
752.1 |
756.0 |
|
Owing from associated companies |
2.4 |
6.0 |
1.7 |
|
Cash and liquid assets |
238.5 |
169.5 |
220.5 |
|
Short-term investments |
32.4 |
107.3 |
136.5 |
|
Shares in associated companies |
58.8 |
70.5 |
56.9 |
|
Recoverable taxation |
463.0 |
283.7 |
328.6 |
|
Total current
assets |
1,358.2 |
1,750.4 |
1,748.0 |
|
Prepaid expenses and deferred costs |
14.0 |
13.3 |
11.4 |
|
Total assets |
3,182.1 |
3,799.0 |
4,172.4 |
Annual Ratios
Financials in: USD (mil)
|
|
30-Sep-2012 |
30-Sep-2011 |
30-Sep-2010 |
|
Period Length |
12 Months |
12 Months |
12 Months |
|
Filed Currency |
EUR |
EUR |
EUR |
|
Exchange Rate |
0.771999 |
0.745323 |
0.732493 |
|
Consolidated |
Yes |
Yes |
Yes |
|
|
|
|
|
|
Current ratio |
17.00 |
19.28 |
17.89 |
|
Acid test ratio |
10.59 |
11.33 |
11.39 |
|
Total liabilities to net worth |
0.16% |
0.11% |
0.16% |
|
Net worth to total assets |
0.02% |
0.03% |
0.03% |
|
Current liabilities to net worth |
0.12% |
0.08% |
0.09% |
|
Current liabilities to stock |
0.16% |
0.13% |
0.15% |
|
Fixed assets to net worth |
0.20% |
0.15% |
0.20% |
|
Collection period |
672.00 |
533.00 |
504.00 |
|
Stock turnover rate |
1.97 |
1.87 |
1.64 |
|
Profit margin |
-0.01% |
0.00% |
0.00% |
|
Return on assets |
-0.01% |
0.01% |
0.01% |
|
Shareholders' return |
-0.05% |
0.01% |
0.01% |
|
Sales per employee |
12.03 |
16.60 |
16.20 |
|
Profit per employee |
-1.67 |
0.63 |
0.61 |
|
Net worth |
656.8 |
1,207.9 |
1,049.5 |
|
Number of employees |
16,698 |
17,356 |
17,554 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.54 |
|
UK Pound |
1 |
Rs.84.19 |
|
Euro |
1 |
Rs.71.11 |
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
SCs 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.