MIRA INFORM REPORT
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Report Date : |
23.09.2013 |
IDENTIFICATION DETAILS
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Name : |
ROMACO PHARMATECHNIK GMBH |
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Registered Office : |
Am Heegwald 11, Karlsruhe, 76227 |
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Country : |
Germany |
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Financials (as on) : |
31.08.2011 |
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Date of Incorporation : |
14.09.1989 |
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Com. Reg. No.: |
HRB110573 |
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Legal Form : |
Private Subsidiary |
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Line of Business : |
Subject is engaged in manufacture of machinery for working
soft rubber or plastics or for the manufacture of products of these materials
(extruders, moulders, pneumatic tyre making or retreading machines and other
machines for making a specific rubber or plastic product). |
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No. of Employees : |
450 |
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 |
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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.
Source
: CIA
Company Name and Address
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Romaco Pharmatechnik GmbH |
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Business Description
ROMACO Pharmatechnik GmbH is primarily engaged in
manufacture of machinery for working soft rubber or plastics or for the manufacture
of products of these materials (extruders, moulders, pneumatic tyre making or
retreading machines and other machines for making a specific rubber or plastic
product); manufacture of printing and bookbinding machines; manufacture of
machinery for producing tiles, bricks, shaped ceramic pastes, pipes, graphite
electrodes, blackboard chalk, foundry moulds, etc.; manufacture of moulding
boxes for any material; mould bases; moulding patterns; moulds; manufacture of
dryers for wood, paper pulp, paper or paperboard; manufacture of centrifugal
clothes dryers; manufacture of diverse special machinery and equipment
(machines to assemble electric or electronic lamps, tubes (valves) or bulbs;
machines for production or hot-working of glass or glassware, glass fibre or
yarn; machinery or apparatus for isotopic separation; rope-making machinery,
etc.); and manufacture of industrial robots for multiple uses.
Industry
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Industry |
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ANZSIC 2006: |
2499 - Other
Machinery and Equipment Manufacturing Not Elsewhere Classified |
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ISIC Rev 4: |
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NACE Rev 2: |
2829 -
Manufacture of other general-purpose machinery n.e.c. |
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NAICS 2012: |
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UK SIC 2007: |
2829 -
Manufacture of other general-purpose machinery n.e.c. |
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US SIC 1987: |
Key Executives
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Name |
Title |
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Paulo Alexandre |
CEO |
Registered No.(Other): HRB110573
Parent Registered No.(UK): DEU
1 - Profit & Loss Item Exchange Rate: USD 1 = EUR 0.7211012
2 - Balance Sheet Item Exchange Rate:
USD 1 = EUR 0.6945409
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ANZSIC 2006 Codes: |
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2499 |
- |
Other Machinery and Equipment
Manufacturing Not Elsewhere Classified |
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ISIC Rev 4 Codes: |
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2819 |
- |
Manufacture of other general-purpose
machinery |
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NACE Rev 2 Codes: |
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2829 |
- |
Manufacture of other general-purpose
machinery n.e.c. |
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NAICS 2012 Codes: |
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333993 |
- |
Packaging Machinery Manufacturing |
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US SIC 1987: |
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3565 |
- |
Packaging Machinery |
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UK SIC 2007: |
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2829 |
- |
Manufacture of other general-purpose
machinery n.e.c. |
Pharmaceutical
Packaging Services
More Business
Descriptions
ROMACO Pharmatechnik
GmbH is primarily engaged in manufacture of machinery for working soft rubber
or plastics or for the manufacture of products of these materials (extruders,
moulders, pneumatic tyre making or retreading machines and other machines for
making a specific rubber or plastic product); manufacture of printing and
bookbinding machines; manufacture of machinery for producing tiles, bricks,
shaped ceramic pastes, pipes, graphite electrodes, blackboard chalk, foundry
moulds, etc.; manufacture of moulding boxes for any material; mould bases;
moulding patterns; moulds; manufacture of dryers for wood, paper pulp, paper or
paperboard; manufacture of centrifugal clothes dryers; manufacture of diverse
special machinery and equipment (machines to assemble electric or electronic
lamps, tubes (valves) or bulbs; machines for production or hot-working of glass
or glassware, glass fibre or yarn; machinery or apparatus for isotopic
separation; rope-making machinery, etc.); and manufacture of industrial robots
for multiple uses.
Medical Equipment and Supplies Manufacturing
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Company |
Percentage Owned |
Country |
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FrymaKoruma GmbH |
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Germany |
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Romaco Immobilienverwaltungs GmbH |
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Germany |
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PT Rhine GmbH |
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Germany |
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Bank: |
J.P. Morgan |
Corporate Structure News
Total Corporate Family Members: 11
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Company Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
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Parent |
Frankfurt Am
Main, Hessen |
Germany |
Consulting
Services |
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4 |
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Subsidiary |
Karlsruhe,
Baden-WĂ¼rttemberg |
Germany |
Machinery and
Equipment Manufacturing |
42.6 |
450 |
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Subsidiary |
Bologna, BO |
Italy |
Machinery and
Equipment Manufacturing |
43.2 |
112 |
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Subsidiary |
Ciudad De
Mexico, Distrito Federal |
Mexico |
Machinery
Wholesale |
1.0 |
7 |
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Subsidiary |
Neuenburg Am
Rhein, Baden-WĂ¼rttemberg |
Germany |
Machinery and
Equipment Manufacturing |
0.2 |
80 |
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Subsidiary |
Neuenburg |
Germany |
Machinery and
Equipment Manufacturing |
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40 |
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Affiliates |
Le Passage,
d'Agen |
France |
Machinery and
Equipment Manufacturing |
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Subsidiary |
Wiefelstede,
Niedersachsen |
Germany |
Specialty
Construction Trade Contractors |
195.9 |
250 |
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Subsidiary |
Frankfurt Am
Main, Hessen |
Germany |
Investment
Services |
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4 |
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Subsidiary |
Frankfurt Am
Main, Hessen |
Germany |
Miscellaneous
Professional Services |
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1 |
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Subsidiary |
Frankfurt Am
Main, Hessen |
Germany |
Investment
Services |
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Executives Report
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Executives |
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CEO |
Chief Executive Officer |
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Managing director |
Managing Director |
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Annual Profit & Loss
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31-Aug-2011 |
31-Aug-2010 |
31-Aug-2009 |
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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) |
0.721101 |
0.733854 |
0.740447 |
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Consolidated |
No |
No |
No |
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Total income |
42.6 |
39.8 |
43.3 |
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Raw materials and services |
21.3 |
16.2 |
20.3 |
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Net sales |
42.6 |
39.8 |
43.3 |
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Change in stock |
2.0 |
0.4 |
2.5 |
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Own work capitalised |
0.9 |
1.1 |
0.8 |
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Other operating income |
4.3 |
2.6 |
3.0 |
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Raw materials and consumables employed |
21.3 |
16.2 |
20.3 |
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Other external charges |
1.0 |
1.1 |
1.4 |
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Cost of goods sold |
22.4 |
17.2 |
21.7 |
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Cost of raw materials |
22.4 |
17.2 |
21.7 |
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Taxes and social security costs |
2.3 |
2.3 |
2.2 |
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Total payroll costs |
14.4 |
14.4 |
14.0 |
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Fixed asset depreciation and amortisation |
0.8 |
1.0 |
0.9 |
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Other operating costs |
12.3 |
11.0 |
10.9 |
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Net operating
income |
0.0 |
0.3 |
2.0 |
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Other income |
0.0 |
0.0 |
0.3 |
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Interest payable on loans |
0.1 |
0.0 |
0.0 |
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Other expenses |
- |
- |
5.0 |
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Total expenses |
1.3 |
-0.5 |
4.4 |
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Profit before tax |
-1.3 |
0.7 |
-2.4 |
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Provisions |
5.3 |
5.1 |
5.0 |
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Extraordinary expenses |
0.2 |
- |
- |
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Extraordinary result |
-0.2 |
- |
- |
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Other taxes |
0.0 |
0.0 |
0.0 |
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Total taxation |
-1.1 |
- |
0.1 |
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Profit distributed to shareholders |
-2.2 |
- |
- |
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Net profit |
- |
0.7 |
- |
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Net loss |
-2.6 |
- |
-2.6 |
Annual Balance Sheet
Financials
in: USD (mil)
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|
31-Aug-2011 |
31-Aug-2010 |
31-Aug-2009 |
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Filed Currency |
EUR |
EUR |
EUR |
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Exchange Rate |
0.694541 |
0.786813 |
0.69684 |
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Consolidated |
No |
No |
No |
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Issued capital |
9.6 |
8.4 |
9.5 |
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Capital reserves |
5.4 |
5.7 |
6.5 |
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Total reserves |
- |
0.1 |
0.1 |
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Profits for the year |
- |
4.4 |
4.2 |
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Profit brought forward from previous
year(s) |
- |
3.8 |
7.0 |
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Total
stockholders equity |
15.0 |
18.7 |
20.3 |
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Deferred taxation |
0.2 |
0.3 |
0.9 |
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Other provisions |
4.1 |
3.5 |
3.4 |
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Provision for pensions |
1.2 |
0.9 |
1.0 |
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Provisions and allowances |
5.5 |
4.7 |
5.3 |
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Other debentures |
32.0 |
- |
- |
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Total long-term
liabilities |
32.0 |
- |
- |
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Trade creditors |
4.0 |
5.0 |
4.5 |
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Advances received |
4.6 |
1.9 |
2.3 |
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Other loans |
3.3 |
- |
- |
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Taxation and social security |
3.3 |
2.5 |
2.4 |
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Due to group companies |
2.5 |
1.6 |
3.6 |
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Total current
liabilities |
17.6 |
11.0 |
12.8 |
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Total
liabilities (including net worth) |
70.1 |
34.4 |
38.5 |
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Patents |
3.5 |
0.0 |
0.2 |
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Goodwill |
- |
0.1 |
0.6 |
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Intangibles |
3.5 |
0.2 |
0.8 |
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Machinery and tools |
1.7 |
1.5 |
0.9 |
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Total tangible
fixed assets |
2.0 |
1.7 |
1.2 |
|
Shares held in associated companies |
18.7 |
6.5 |
7.3 |
|
Total financial
assets |
30.2 |
6.5 |
7.3 |
|
Loans to associated companies |
11.5 |
- |
- |
|
Total
non-current assets |
35.7 |
8.4 |
9.3 |
|
Raw materials |
1.9 |
- |
- |
|
Work in progress |
5.8 |
4.6 |
5.5 |
|
Finished goods |
1.5 |
1.4 |
0.8 |
|
Prepayments |
0.2 |
- |
- |
|
Net stocks and work in progress |
9.4 |
6.0 |
6.3 |
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Trade debtors |
11.2 |
7.9 |
11.1 |
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Other receivables |
0.7 |
1.1 |
1.0 |
|
Total
receivables |
18.5 |
20.0 |
22.8 |
|
Owing from associated companies |
6.6 |
11.0 |
10.6 |
|
Cash and liquid assets |
2.1 |
0.0 |
0.0 |
|
Recoverable taxation |
3.0 |
- |
- |
|
Total current
assets |
29.9 |
26.0 |
29.1 |
|
Prepaid expenses and deferred costs |
1.4 |
0.0 |
0.0 |
|
Total assets |
70.1 |
34.4 |
38.5 |
ANNUAL RATIO
Financials
in: USD (mil)
|
|
31-Aug-2011 |
31-Aug-2010 |
31-Aug-2009 |
|
Period Length |
12 Months |
12 Months |
12 Months |
|
Filed Currency |
EUR |
EUR |
EUR |
|
Exchange Rate |
0.694541 |
0.786813 |
0.69684 |
|
Consolidated |
No |
No |
No |
|
|
|
|
|
|
Current ratio |
17.01 |
23.50 |
22.71 |
|
Acid test ratio |
11.68 |
18.07 |
17.76 |
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Total liabilities to net worth |
0.33% |
0.06% |
0.06% |
|
Net worth to total assets |
0.02% |
0.05% |
0.05% |
|
Current liabilities to net worth |
0.12% |
0.06% |
0.06% |
|
Current liabilities to stock |
0.19% |
0.18% |
0.20% |
|
Fixed assets to net worth |
0.24% |
0.05% |
0.05% |
|
Collection period |
923.00 |
774.00 |
883.00 |
|
Stock turnover rate |
2.12 |
1.61 |
1.38 |
|
Profit margin |
0.00% |
0.00% |
-0.01% |
|
Return on assets |
0.00% |
0.00% |
-0.01% |
|
Shareholders' return |
0.00% |
0.00% |
-0.01% |
|
Sales per employee |
20.35 |
19.48 |
20.93 |
|
Profit per employee |
-0.09 |
0.35 |
-1.24 |
|
Average wage per employee |
6.87 |
7.06 |
6.77 |
|
Net worth |
15.0 |
18.7 |
20.3 |
|
Number of employees |
151 |
150 |
153 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.24 |
|
|
1 |
Rs.99.90 |
|
Euro |
1 |
Rs.84.23 |
INFORMATION DETAILS
|
Report
Prepared by : |
NIT |
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.