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The
central company of MPF Group is MPF Holding LLC, USA. The satellite companies
of MPF Group are owned directly or indirectly by MPF Holding LLC. The main
activities of MPF Holding LLC are the investment management and trusteeship,
with some trade activity also. The
structure of the group: Owner Activity Hungary MPF
Holding Zrt MPF Holding
LLC 100% logistics, trade MPF
Baja Kft MPF Holding
LLC 99% real estate management MP
Widenta Kft MPF Holding LLC 100% production MPF
Félegyháza Kft MPF Holding LLC
100% production Clarflex
Kft MPF Holding
LLC 100% production MPF
Building Chemicals Kft MPF Holding LLC
100% production Bajai
Borovi Kft MPF Holding
LLC 100% production Germany MPF
Deutschland GmbH MPF Holding LLC
100% trade China Meta-Widenta
Abrasives China
Ltd MPF
Holding LLC 100% production, trade
Overwiev of the main
activities Trade The activity of the MPF group shows changes,
as the market requirements are changing also. The tendecy of pushing the trade
is turning back again, so MPF Group started to focus on more and more on the
production. The numbers show also a decisive move in the share of profit coming
from the production. Regarding the export markets of the Group, after two years
of stagnation there was a massive sales increase. The DIY markets and the
market of abrasives did not showed recession in 2010. The branded items had
massive sales, specially the Rhino brand. The domestic market in sales showed slight
increase thanks to the broader sortiment (including the products made for
Henkel). Production In 2010 MPF Holding LLC owned MPF Building
Chemical factory had a complete year. This pushed up the production volume in
Hungary. The tool accessoires and abrasives production the Group went on its
way, focusing partly on the high quality tailor made products, partly to the
sales action products. The flexible domestic production lines gives possibility
in our market to fight against the mass production of the far east. The Group kept the other –smaller volume –
production lines also, like MPF Félegyháza Kft metal construction and wrought
iron products (fence elements, ornaments). The weakening HUF gave more chance to the
hungarian production basis to use its assets. Regarding the chinese company, the Group did
not changed its receipt: the best system
for central quality assurance and purchase must be the Meta-Widenta China Ltd. Its role is decisive , this company is the
biggest supplier of MPF Holding Zrt. Real
estate management The biggest real estate management company
in the group is MPF Baja Kft. The one year ago laid rules to use this site are
unchanged. MPF Baja Kft still rents its buildings, warehouses and and works,
and works as a kind of an industry park. The services and prices offered by MPF
Baja are still competitive, so the whole industry park operates with an
outstandingly high utilisation ratio. Logistics Due to the stagnant domestic market the
logistic activity of the Group concentrates on the inter company logistic
services and client supply. The Ráckeresztúr located central site is perfectly
fits to the requirements of a modern logistic center. More buildings and
warehouses can be build on the area, so the whole logistics of the group can be
managed from here. Financial
valuation of the year 2010 The management of the Group is still not convinced
that the recession will be over very soon. But regardless this, the strong
financial situation of the Group enables the entity to enter into new fields of
activity. In the current situation this activity will be in the field of
production, also new investment is probable.
The payment ability of our clients are the
same since years. The high logistic standards of the standard supply and
specially in case of mass product trade action makes the logistic very
expensive. The long payment period and the costly logistic puts the barrier
high in this segment of the market. The execution of all activity or trade
action also require relatively huge stocks. So
the strong financial basis is a must when supplying hypermarkets. The
most important costumers are multinational companies like OBI, Hornbach, Praktiker, Auchan, Tesco, Spar, so our
receivables are safe, so we do not need
to count losses on this field. The Group succeded to manage to reduce the
long term debts, meanwhile the strategic plan to reduce the trade debtor
liabilities was also succesfull. Financial
indicators at 2009 The consolidated numbers of the group in 2010
are improved regarding the previous year. This means more than 82 million € turnover and
more than 12,6b million € EBITDA. The turnover was increased with more than 20
% in comparison with 2009. (2009 was a recession year for the Group, with
declining turnover). MPF Group could reach 13,5 % profit on sales (before taxation).
EBITDA margin ratio is more tha 16%, thanks to the growing weight of the higher
profitable production activity. The consolidation was done on the following
currency ratios: 278,75 HUF / EUR and 208,65 HUF / USD.
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