MIRA
INFORM REPORT
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Report Date : |
04.07.2008 |
IDENTIFICATION
DETAILS
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Name : |
ATLAS COPCO AIRPOWER NV |
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Registered Office : |
Boomsesteenweg 957 2610
Antwerpen |
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Country : |
Belgium |
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Financials (as on) : |
31.12.2006 |
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Date of Incorporation : |
01.06.1937 |
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Legal Form : |
NV Public Limited Company |
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Line of Business : |
Manufacture,
Construcktion, Assembly, Installation and Transformation of brand names, rental,
manufacture and maintenance regarding all kinds of air, gas and compressors,
manufacture of and wholesale business in
industrial movable and oil-re compressors and generators. |
RATING &
COMMENTS
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MIRA’s 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 : |
Average 10 days beyond terms |
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Litigation : |
Clear |
name & address
Atlas Copco
Airpower Nv
Boomsesteenweg 957
2610 ANTWERPEN
Tel.:+32 (0)3-870
21 55
Fax.:+32
(0)3-8702443
Legal status
NV Public limited company [nat. law]
Founded
01/06/1937 as P.l.c.
Trade register
52044651
Capital
Nominal EUR 1.435.000.000,--
Issued and paid up EUR 1.435.000.000,--
Management
-Christiaan Lybaert, Bommelsrede 40, 9070
Heusden-Destelbergen.
-Nico Delvaux, Charlottelei 43-49, 2018 Antwerpen.
-Sune Oskar Carlsson, Sweden.
-Jacob Wallenberg, Sweden.
-Gunnar Brock, Sweden.
-Thomas Leysen, Dennenlaan 9-a, 2020 Antwerpen.
-Anders Ullberg, Sweden.
-Staffa Bohman, Sweden.
-Grace Reksten Skaugen, Norway
-Bengt Birger Lindgren, Sweden
-Johan Lars-Erik Soting, Sweden
-Karl Mikael Henning Bergstedt, Sweden.
Activity
Manufacture,
construcktion, assembly, installation and transformation of brand names,
rental, manufacture and maintenance regarding all kinds of air, gas and
compressors, manufacture of and wholesale business in industrial movable and oil-re compressors and generators.
Staff
2 employees
Turnover
from the
consolidated balance sheet of Atlas Copco Airpower Nv
2006 swedish crowns 50.512.000.000
2005 swedish crowns 42.205.000.000
Real
estate
The business premises
at the mentioned address has been rented by the company, as far as we know.
Finances
See balance sheet
Remarks
Subsidiary company
of
-Atlas Copco Beheer BV,
Merwedeweg 7, 3336 LG ZWIJNDRECHT
The next
financial data is extracted
from the
consolidated balance sheet of
'Atlas
Copco Airpower Nv '
Consolidated
net result:
2006
swedish crowns 15.349.000.000
2005
swedish crowns 6.560.000.000
The
shareholders equity was as of:
31/12/2006 swedish crowns 32.708.000.000
31/12/2005 swedish crowns 25.808.000.000
The working
capital was as of:
31/12/2006 swedish crowns 24.258.000.000
31/12/2005 swedish crowns 9.495.000.000
The phone
number as stated by you is belonging to the
contact
persons in Mumbai, India.
Banks
ING Bank
Fortis Bank
VAT-nr.
BE403992231
Mode
of payment
On average 10 days beyond
terms.
Credit
demand
No objections against
entering into a business relationship.
The following financial data is retrieved from the
consolidated balance sheet of :
Atlas Copco Airpower Nv
BALANCE
SHEET
Consolidated in swedish
crowns(x 1.000.000) swedish crowns(x
1.000.000)
---31-12-2005--- ------31-12-2006---
Intangible assets 10.607 4.299
Tangible assets 17.959 5.756
Financial assets 1.818 3.161
Miscellaneous fixed assets 0 0
Total fixed assets 30.384 13.216
Stock 7.215 8.487
Receivables 12.842 12.640
Shares 1.906 18.347
Liquid assets 2.129 2.057
Miscellaneous current assets 479 508
Total current assets 24.571 42.039
Shareholders
equity 25.716 32.616
Provisions 6.333 3.454
Long-term liabilities 7.738 1.312
Current liabilities 15.076 17.781
Minority interests 92 92
Miscellaneous
liabilities 0 0
Total liabilities 54.955 55.255
PROFIT
& LOSS ACCOUNT
Consolidated in swedish
crowns(x 1.000.000) swedish crowns(x
1.000.000)
---31-12-2005--- ------31-12-2006---
Turnover 42.205 50.512
Other income 180 -152
Total expenses 35.447 41.157
Operating profit 6.938 9.203
Balance financial
P/L -75 -508
Net profit/loss 1] 6.863 8.695
Taxation 1.899 2.435
Share in P/L of
subsidiaries 0 0
Net profit/loss 2] 4.964 6.260
Balance
extraordinary P/L 1.617 9.113
Taxation 0 0
Extraordinary P/L
2] 1.617 9.113
Res. sub.
companies 2] 0 0
Minority interests 21 24
Miscellaneous P/L 0 0
Net result 6.560 15.349
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Legend : 1]
= Before tax
2]
= After tax
FINANCIAL RATIOS
-----2005----- -----2006-----
EQUITY %
Equity gearing 47 59,2
Equity/outside
capital 88 144,1
LIQUIDITY
Current ratio 1,6 2,4
Acid test 1,2 1,9
RATES OF RETURN %
Total assets 12,5 15,7
Shareholders equity 26,6 26,6
Pre tax
margin % 16,3 17,2
Turnover rate 76,8 91,4
(x
1.000.000) (x 1.000.000)
-------------------- --------------------
Working capital 9.495 24.258
Shareholders equity + Equalization acc. 25.808 32.708
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.43.21 |
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UK Pound |
1 |
Rs.85.72 |
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Euro |
1 |
Rs.67.92 |
RATING
EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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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%)