MIRA
INFORM REPORT
|
Report Date : |
27.08.2011 |
IDENTIFICATION DETAILS
|
Name : |
Iron Pump A/S |
|
|
|
|
Registered Office : |
Generatorvej 10, Herlev, 2730 |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
30.09.2010 |
|
|
|
|
Year of Establishment : |
1906 |
|
|
|
|
Com. Reg. No.: |
62749318 |
|
|
|
|
Legal Form : |
Private Subsidiary |
|
|
|
|
Line of Business : |
Manufacturing fluid power (i.e., hydraulic and pneumatic)
pumps and motors. |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
No Complaints |
|
|
|
|
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, 2011
|
Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
|
|
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
Company name and address
Iron Pump A/S
Generatorvej 10, Herlev, 2730,
Tel: +45 44 91 67 88
Fax: +45 44 91 16 44
www.ironpump.com
Employees: 96
Company Type: Private Subsidiary
Incorporation Date: 1906
Financials in: USD (mil)
Fiscal Year End: 30-Sep-2010
Reporting Currency: Danish Krone
Annual Sales: 19.4
Net Income: 0.1
Total Assets: 12.8
Business Description
Iron Pump A/S is primarily engaged in manufacturing fluid power (i.e., hydraulic and pneumatic) pumps and motors.
Industry
Industry Miscellaneous Capital Goods
ANZSIC 2006: 2451 - Pump and Compressor Manufacturing
NACE 2002: 2912 - Manufacture of pumps and compressors
NAICS 2002: 333996 - Fluid Power Pump and Motor Manufacturing
UK SIC 2003: 29121 - Manufacture of pumps
US SIC 1987: 3594 - Fluid
Power Pumps and Motors
Key Executives
Name Title
Anders Frimodt-MĂller Managing Director / Director
Jan Windfeld – Hansen Finance Manager
Leo A. Boddum Sales Director, Marketing / Communication Executive
Michael Zimsen IT Manager
Bent Kristensen Purchasing Executive
Title Date
Hull Daily Mail (
Registered No.(DNK): 62749318
1 - Profit & Loss Item Exchange Rate: USD 1 = DKK 5.510584
2 - Balance Sheet Item Exchange Rate: USD 1 = DKK 5.4587
Location
Generatorvej 10, Heriev, 2730,
Tel: +45 44 91 67 88
Fax: +45 44 91 16 44
Sales DKK(mil): 106.7
Assets DKK(mil): 69.9
Employees: 96
Fiscal Year End: 30-Sep-2010
KeyIDSM: 102063238
Industry: Miscellaneous
Capital Goods
Incorporation Date: 1906
Company Type: Private
Subsidiary
Quoted Status: Not
Quoted
Registered No.(DNK): 62749318
Managing Director / Director: Anders
Frimodt-Møller
Contents
ANZSIC 2006 Codes:
2451 - Pump and
Compressor Manufacturing
NACE 2002 Codes:
2912 - Manufacture
of pumps and compressors
NAICS 2002 Codes:
333996 - Fluid
Power Pump and Motor Manufacturing
33391 - Pump and
Compressor Manufacturing
333911 - Pump and
Pumping Equipment Manufacturing
333913 - Measuring
and Dispensing Pump Manufacturing
US SIC 1987:
3594 - Fluid
Power Pumps and Motors
356 - General
Industrial Machinery and Equipment
3561 - Pumps
and Pumping Equipment
3586 - Measuring
and Dispensing Pumps
2912 - Manufacture
of pumps and compressors
29121 - Manufacture
of pumps
Iron Pump A/S is primarily engaged in manufacturing fluid power (i.e., hydraulic and pneumatic) pumps and motors.
Financials in: DKK(mil)
Revenue: 106.7
Net Income: 0.3
Assets: 69.9
Total Liabilities: 0.0
Date of Financial Data: 30-Sep-2010
Bank: Giro Account 6021948
Board of Directors
Name Title
Function
Erik Borup Andersen Board Member Director/Board
Member
Henrik Brabandt Hansen Medarbejderrepræsentant Director/Board
Member
Poul Hjulmand Bestyrelsesformand Director/Board
Member
Michael Keldsen Board Member Director/Board
Member
Mikael Sorth Andersen Medarbejderrepræsentant Director/Board
Member
Executives
|
|
|
|||
|
Anders Frimodt-Møller |
Managing Director / Director |
Managing Director |
|||
|
Jan Windfeld - Hansen |
Finance Manager |
Finance Executive |
|||
|
Vibeke Lodberg |
HR Executive, HR Executive |
Human Resources Executive |
|||
|
Leo A. Boddum |
Sales Director, Marketing / Communication Executive |
Sales Executive |
|||
|
Per Gudmand Jensen |
Sales Executive |
Sales Executive |
|||
|
Michael Mazur |
Marketing / Communication Executive |
Marketing Executive |
|||
|
Michael Zimsen |
IT Manager |
Information Executive |
|||
|
Thomas Bek |
Technical Executive |
Engineering/Technical Executive |
|||
|
|
Production Director |
Product Management Executive |
|||
|
Benny Poulsen |
Production Executive |
Product Management Executive |
|||
|
Bent Kristensen |
Purchasing Executive |
Purchasing Executive |
|||
|
Gitte Løvenholdt |
Purchasing Executive |
Purchasing Executive |
Work on Brantingham
In Brief
[What follows is the full text of the news story.]
EAST YORKS: Five pupils from
Jack Brotherton, Emily Charlton, Samuel May, Adam Myers and Oliver Painter did the work on the iron pump as part of their Humberside Police Lifestyle Challenge.
They would like to thank B & Q, Green's Garden Centre and the Triton Inn of Brantingham.
The final phase of their project is to find out the origins and history of this local 300 year old amenity. Anyone with information, is asked to email nameless.lifestyle2011@yahoo.com
Annual
Profit & Loss
|
|
30-Sep-2010 |
30-Sep-2009 |
30-Sep-2008 |
|
Period Length |
12 Months |
12 Months |
12 Months |
|
Filed Currency |
DKK |
DKK |
DKK |
|
Exchange Rate
(Period Average) |
5.510584 |
5.509748 |
4.969273 |
|
Consolidated |
No |
No |
No |
|
|
|
|
|
|
Total Revenue |
19.4 |
25.5 |
30.8 |
|
Gross Profit |
8.7 |
10.5 |
14.5 |
|
Operating Income |
0.2 |
0.7 |
4.0 |
|
Net Income |
0.1 |
0.3 |
2.8 |
Annual
Balance Sheet
Financials in: USD
(mil)
|
|
30-Sep-2010 |
30-Sep-2009 |
30-Sep-2008 |
|
Filed Currency |
DKK |
DKK |
DKK |
|
Exchange Rate |
5.4587 |
5.09315 |
5.3118 |
|
Consolidated |
No |
No |
No |
|
|
|
|
|
|
Total Assets |
12.8 |
15.9 |
16.9 |
|
Provisions |
0.6 |
0.8 |
0.9 |
|
Total Liabilities |
- |
6.5 |
7.3 |
|
Total Equity |
7.8 |
8.6 |
8.7 |
Annual
Ratios
|
|
30-Sep-2010 |
30-Sep-2009 |
30-Sep-2008 |
|
Period Length |
12 Months |
12 Months |
12 Months |
|
Filed Currency |
- |
- |
- |
|
Exchange Rate |
- |
- |
- |
|
Consolidated |
No |
No |
No |
|
|
|
|
|
|
Operating Margin |
0.99 |
2.66 |
12.93 |
|
Current Ratio |
227.43 |
210.16 |
214.20 |
|
Total debt/total equity |
60.81 |
53.95 |
51.46 |
|
Return on average equity |
0.67 |
4.13 |
30.29 |
Annual
Growth Rates
|
|
30-Sep-2009 |
30-Sep-2008 |
|
Period Length |
12 Months |
12 Months |
|
Filed Currency |
- |
- |
|
Exchange Rate |
- |
- |
|
Consolidated |
No |
No |
|
|
|
|
|
Turnover Percent Change |
-23.99% |
-8.36% |
|
Marginal Contribution Percent Change |
-17.45% |
-19.86% |
|
Operating Results Percent Change |
-71.87% |
-81.12% |
|
Profit/Loss for the Year Percent Change |
-84.29% |
-87.04% |
|
Assets Percent Change |
-13.96% |
-9.27% |
|
Provisions Percent Change |
-21.31% |
-9.48% |
|
Debts Percent Change |
- |
-14.44% |
|
Equity Capital Percent Change |
-3.03% |
-4.88% |
|
Operating Margin Percent Change |
-62.78% |
-79.43% |
|
Current Ratio Percent Change |
8.22% |
-1.89% |
|
Debt/Equity Ratio Percent Change |
12.72% |
4.84% |
|
Retun On Equity Percent Change |
-83.78% |
-86.37% |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.46.05 |
|
|
1 |
Rs.75.19 |
|
Euro |
1 |
Rs.66.47 |
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.