MAHLE POWERTRAIN LIMITED
Company number: 03565155
Reporting period:
1 July 2018 to 31 December 2018
Report filed on:
30 January 2019
Approved by:
Dr Martin Berger
Payment statistics
Average time taken to pay invoices: 52 days
Invoices paid:
- within 30 days: 19%
- in 31 to 60 days: 56%
- in 61 days or more: 25%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 35%
Payment terms
Shortest standard payment periods
7 days
Longest standard payment period
90 days
Standard payment terms
Unless otherwise stated in the order, MAHLE shall pay the price of goods and services within 30 days after the end of the month of receipt of a proper invoice or, if later, after acceptance of goods and services in question.
Were there any changes to the standard payment terms in the reporting period?
No
Were suppliers notified or consulted about these changes before they were made?
N/A
Maximum contractual payment period agreed
90 days
No further comment provided
Any other information about payment terms
The company operates a weekly payment run , therefore it is usual for some invoices to fall due between payment dates. These invoices would therefore be included in this report as being settled outside of agreed terms.
Dispute resolution process
All invoices are processed by a central shared services Accounts Payable team. Where it is not possible to process an invoice for payment, the relevant personnel at the local site are identified for resolution of the dispute. The dispute is then entered into a query management system and forwarded to the responsible person (Approver) to investigate. It is the Approver who will liase with the supplier to settle the dispute. The Approver then returns the dispute via the query management system to the Accounts Payable team advising the outcome of the discussion with the supplier.
Other payment information
Has this business signed up to a code of conduct or standards on payment practices? If so, which?
For example, signatories to The Fair Payment Code must commit to paying 95% of their invoices within 60 days.
No, this business has not signed up to a code of conduct or standards on payment practices.
Does this business offer e-invoicing in relation to qualifying contracts?
This is where suppliers can electronically submit and track invoices. It's not just allowing suppliers to email them an invoice.
No
Does this business offer supply chain finance?
This is where a supplier who has submitted an invoice can be paid by a third-party finance provider earlier than the agreed payment date. The business would then pay the finance provider the invoiced sum.
No
Under its payment practices and policies, can this business deduct sums from payments under qualifying contracts as a charge for remaining on a supplier list?
No
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No