MIRA INFORM REPORT
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Report Date : |
02.10.2013 |
IDENTIFICATION DETAILS
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Name : |
ALFRED RAITH GMBH |
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Registered Office : |
2. Industriestraãÿe 10, Hockenheim, 68766 |
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Country : |
Germany |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
25.01.1980 |
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Com. Reg. No.: |
HRB420640 |
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Legal Form : |
Private Independent Company |
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Line of Business : |
·
Manufacturer
of machine tools for working metal operated by laser and the like: machining
centres ·
manufacturer
of lathes, boring and milling machines for working metals ·
manufacturer
of other machine tools for working metal ·
manufacturer
of parts and accessories for metalworking machine-tools. |
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No. of Employees : |
56 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
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 |
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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
|
Source : CIA |
Company name & address
Alfred Raith GmbH
2. Industriestraße 10
Hockenheim, 68766
Germany
Tel:
49-620530510
Fax:
49-62053051150
Web: www.alfra.de
Synthesis
Employees: 56
Company Type:
Private Independent
Incorporation Date:
25-Jan-1980
Financials in: USD
(Millions)
Fiscal Year End:
31-Dec-2011
Reporting Currency:
Euro
Annual Sales:
NA
Total Assets: 10.6
Business Description
Alfred Raith
Gesellschaft mit beschrankter Haftung Sagen- und Werkzeugfabrikation is
primarily engaged in manufacture of machine tools for working metal operated by
laser and the like: machining centres and the like; manufacture of lathes,
boring and milling machines for working metals; manufacture of other machine
tools for working metal; and manufacture of parts and accessories for
metalworking machine-tools.
Industry
Industry Construction
Machinery Manufacturing
ANZSIC 2006:
2462 - Mining and Construction Machinery Manufacturing
ISIC Rev 4:
2824 - Manufacture of machinery for mining, quarrying and construction
NACE Rev 2:
2892 - Manufacture of machinery for mining, quarrying and construction
NAICS 2012:
333120 - Construction Machinery Manufacturing
UK SIC 2007:
2892 - Manufacture of machinery for mining, quarrying and construction
US SIC 1987:
3531 - Construction Machinery and Equipment
Key Executives
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Name |
Title |
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Ulrich Adam |
Co-Managing Director |
|
Markus A Doring |
Managing Partner |
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Michael Kur |
Co-Managing Director |
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
2. Industriestraße 10
Hockenheim, 68766
Germany
Tel: 49-620530510
Fax: 49-62053051150
Web: www.alfra.de
Sales EUR(mil): NA
Assets EUR(mil): 8.2
Employees: 56
Fiscal Year End: 31-Dec-2011
Industry: Construction
and Agriculture Machinery
Incorporation Date: 25-Jan-1980
Company Type: Private
Independent
Quoted Status: Not
Quoted
Registered No.(): HRB420640
Parent Registered No.(UK): DEU
Co-Managing Director: Ulrich Adam
Industry Codes
ANZSIC 2006 Codes:
2462 - Mining and Construction Machinery
Manufacturing
ISIC Rev 4 Codes:
2824 - Manufacture of machinery for mining,
quarrying and construction
NACE Rev 2 Codes:
2892 - Manufacture of machinery for mining,
quarrying and construction
NAICS 2012 Codes:
333120 - Construction Machinery Manufacturing
US SIC 1987:
3531 - Construction Machinery and Equipment
UK SIC 2007:
2892 - Manufacture of machinery for mining,
quarrying and construction
Business Description
Building Machinery Mfr
More Business Descriptions
Alfred Raith Gesellschaft mit beschränkter Haftung
Sägen- und Werkzeugfabrikation is primarily engaged in manufacture of machine
tools for working metal operated by laser and the like: machining centres and
the like; manufacture of lathes, boring and milling machines for working
metals; manufacture of other machine tools for working metal; and manufacture
of parts and accessories for metalworking machine-tools.
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Executive report
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Annual Profit & Loss
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31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
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Period Length |
12 Months |
12 Months |
12 Months |
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Filed Currency |
EUR |
EUR |
EUR |
|
Exchange Rate
(Period Average) |
0.71919 |
0.755078 |
0.719047 |
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Consolidated |
No |
No |
No |
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Taxes and social security costs |
0.6 |
0.5 |
- |
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Total payroll costs |
4.6 |
4.1 |
- |
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Cost of stock depreciation and amortisation |
- |
2.0 |
- |
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Fixed asset depreciation and amortisation |
0.1 |
0.1 |
- |
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Other operating costs |
3.6 |
5.4 |
- |
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Net operating income |
0.9 |
-0.1 |
- |
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Income received from associated companies |
0.0 |
0.0 |
- |
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Other income |
0.2 |
0.2 |
- |
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Interest payable on loans |
0.2 |
0.2 |
- |
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Total expenses |
0.1 |
0.1 |
- |
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Profit before tax |
0.9 |
-0.2 |
- |
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Provisions |
1.5 |
1.2 |
1.2 |
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Extraordinary expenses |
- |
0.1 |
- |
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Extraordinary result |
- |
-0.1 |
- |
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Other taxes |
0.0 |
0.0 |
- |
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Total taxation |
0.1 |
0.1 |
- |
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Profit distributed to shareholders |
-0.8 |
0.4 |
- |
Annual Balance Sheet
Financials in: USD (mil)
|
|
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
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Filed Currency |
EUR |
EUR |
EUR |
|
Exchange Rate |
0.770327 |
0.745406 |
0.696986 |
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Consolidated |
No |
No |
No |
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Issued capital |
0.3 |
0.3 |
0.3 |
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Total reserves |
0.7 |
0.7 |
- |
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Profits for the year |
0.6 |
0.6 |
1.4 |
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Profit brought forward from previous year(s) |
0.6 |
0.6 |
1.4 |
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Total stockholders equity |
1.5 |
1.6 |
1.7 |
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Provisions and allowances |
1.4 |
1.2 |
1.3 |
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Other debentures |
0.6 |
0.6 |
0.8 |
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Taxes and social security |
0.2 |
0.1 |
0.1 |
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Total long-term liabilities |
0.8 |
0.7 |
0.9 |
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Trade creditors |
3.5 |
- |
- |
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Advances received |
0.0 |
- |
- |
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Other loans |
1.8 |
1.1 |
1.1 |
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Taxation and social security |
0.2 |
3.0 |
1.8 |
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Due to group companies |
1.4 |
0.5 |
1.7 |
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Total current liabilities |
6.9 |
4.6 |
4.6 |
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Total liabilities (including net worth) |
10.6 |
8.2 |
8.4 |
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Patents |
0.0 |
- |
- |
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Intangibles |
0.0 |
- |
- |
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Machinery and tools |
0.0 |
0.0 |
0.1 |
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Total tangible fixed assets |
0.3 |
0.3 |
0.4 |
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Participating interest |
- |
0.0 |
0.0 |
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Total financial assets |
0.0 |
0.0 |
0.0 |
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Total non-current assets |
0.3 |
0.3 |
0.4 |
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Net stocks and work in progress |
2.7 |
2.1 |
1.2 |
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Other receivables |
2.8 |
2.4 |
2.2 |
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Total receivables |
7.3 |
5.7 |
6.6 |
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Owing from associated companies |
4.5 |
3.3 |
4.3 |
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Cash and liquid assets |
0.2 |
0.1 |
0.2 |
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Total current assets |
10.2 |
7.8 |
8.0 |
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Prepaid expenses and deferred costs |
0.0 |
0.0 |
0.0 |
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Total assets |
10.6 |
8.2 |
8.4 |
Annual Ratios
Financials in: USD (mil)
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|
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
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Period Length |
12 Months |
12 Months |
12 Months |
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Filed Currency |
EUR |
EUR |
EUR |
|
Exchange Rate |
0.770327 |
0.745406 |
0.696986 |
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Consolidated |
No |
No |
No |
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|
|
|
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Current ratio |
14.89 |
16.86 |
17.55 |
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Acid test ratio |
10.89 |
12.38 |
14.92 |
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Total liabilities to net worth |
0.50% |
0.34% |
0.32% |
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Net worth to total assets |
0.01% |
0.02% |
0.02% |
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Current liabilities to net worth |
0.45% |
0.29% |
0.27% |
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Current liabilities to stock |
0.25% |
0.22% |
0.38% |
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Fixed assets to net worth |
0.02% |
0.02% |
0.02% |
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Return on assets |
0.01% |
0.00% |
- |
|
Shareholders' return |
0.05% |
-0.02% |
- |
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Profit per employee |
1.00 |
-0.44 |
- |
|
Average wage per employee |
5.85 |
6.22 |
- |
|
Net worth |
1.5 |
1.6 |
1.7 |
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Number of employees |
56 |
50 |
- |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.36 |
|
UK Pound |
1 |
Rs.101.20 |
|
Euro |
1 |
Rs.84.54 |
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 |
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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.