MIRA INFORM REPORT

 

 

Report Date :           

23.12.2011

 

IDENTIFICATION DETAILS

 

Name :

AGRAMKOW FLUID SYSTEMS AS

 

 

Registered Office :

Augustenborg Landevej 19, Sonderborg, 6400

 

 

Country :

Denmark

 

 

Financials (as on) :

31.12.2010

 

 

Year of Establishment :

1977

 

 

Com. Reg. No.:

12245599

 

 

Legal Form :

Private Independent Company

 

 

Line of Business :

Manufacture of fluid filling and test/information systems for the refrigeration and air-conditioning industry; production of fluid filling systems for the automotive industry

 

 

No. of Employees :

150 persons

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Status :

Satisfactory

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 – September 30th, 2011

 

Country Name

Previous Rating

                   (30.06.2011)                  

Current Rating

(30.09.2011)

Denmark

a2

a2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

Company name & address 

 

Agramkow Fluid Systems A/S

Augustenborg Landevej 19

Sonderborg, 6400

Denmark

Tel:       45 74 12 36 36

Fax:      45 74 43 36 46

Web:    www.agramkow.dk

 

           

Synthesis

 

Employees:                  150

Company Type:            Private Independent

Incorporation Date:         1977   

Financials in:                 USD (Millions)

Fiscal Year End:            31-Dec-2008

Reporting Currency:       Danish Krone

Annual Sales:               41.6

Total Assets:                NA

 

 

Business Description     

 

Manufacture of fluid filling and test/information systems for the refrigeration and air-conditioning industry; production of fluid filling systems for the automative industry

 

Industry

Industry            Miscellaneous Capital Goods

ANZSIC 2006:    2452 - Fixed Space Heating, Cooling and Ventilation Equipment Manufacturing

NACE 2002:      2923 - Manufacture of non-domestic cooling and ventilation equipment

NAICS 2002:     336391 - Motor Vehicle Air-Conditioning Manufacturing

UK SIC 2003:    2923 - Manufacture of non-domestic cooling and ventilation equipment

US SIC 1987:    3585 - Air-Conditioning and Warm Air Heating Equipment and Commercial and Industrial

Refrigeration Equipment

 

           


Key Executives   

  

Name

Title

Christian Cordsen Nielsen

Managing Director

Keld B Nielsen

Finance Manager

Hans Jorn Petersen

Sales Manager

Jonna Schrøder

Administration Executive

Esben Nielsen

IT Manager

 

 

news

 

Title

Date

Deal snapshot: DUERR TAKES MAJORITY OF DANISH AGRAMKOW
M&A Navigator (68 Words)

25-May-2011

Duerr takes majority of Danish Agramkow
M&A Navigator (125 Words)

24-May-2011

German Duerr secures majority stake in Danish Agramkow
ADP Germany News (134 Words)

24-May-2011

 

 

 

Registered No.(DNK): 12245599

 

1 - Profit & Loss Item Exchange Rate: USD 1 = DKK 5.097334

2 - Balance Sheet Item Exchange Rate: USD 1 = DKK 5.35465

 

 

Corporate Overview

 

Location

Augustenborg Landevej 19

Sonderborg, 6400

Denmark

Tel:       45 74 12 36 36

Fax:      45 74 43 36 46

Web:    www.agramkow.dk

           

Sales DKK(mil):             212.0

Assets DKK(mil):           NA

Employees:                   150

Fiscal Year End:            31-Dec-2008

Industry:                        Miscellaneous Capital Goods

Incorporation Date:         1977

Company Type:             Private Independent

Quoted Status:              Not Quoted

Registered No.(DNK):     12245599

Managing Director:         Christian Cordsen Nielsen

 

Contents

·         Industry Codes

·         Business Description

·         Financial Data

·         Key Corporate Relationships

 

Industry Codes

 

ANZSIC 2006 Codes:

2419     -          Other Professional and Scientific Equipment Manufacturing

2452     -          Fixed Space Heating, Cooling and Ventilation Equipment Manufacturing

 

NACE 2002 Codes:

2923     -          Manufacture of non-domestic cooling and ventilation equipment

3320     -          Manufacture of instruments and appliances for measuring, checking, testing, navigating and other purposes, except industrial process control equipment

 

NAICS 2002 Codes:

336391  -          Motor Vehicle Air-Conditioning Manufacturing

334513  -          Instrument's and Related Products Manufacturing for Measuring, Displaying, and Controlling Industrial Process Variable

 

US SIC 1987:

3585     -          Air-Conditioning and Warm Air Heating Equipment and Commercial and Industrial Refrigeration Equipment

3823     -          Industrial Instruments for Measurement, Display, and Control of Process Variables; and Related Products

 

UK SIC 2003:

2923     -          Manufacture of non-domestic cooling and ventilation equipment

3320     -          Manufacture of instruments and appliances for measuring, checking, testing, navigating and other purposes, except industrial process control equipment

 

Business Description

Manufacture of fluid filling and test/information systems for the refrigeration and air-conditioning industry; production of fluid filling systems for the automative industry

 

More Business Descriptions

AGRAMKOW Fluid Systems A/S is primarily engaged in manufacturing fluid power (i.e., hydraulic and pneumatic) pumps and motors.

 

 

Financial Data

Financials in:

DKK(mil)

 

Revenue:

212.0

 

Date of Financial Data:

31-Dec-2008

1 Year Growth

NA

Key Corporate Relationships

Bank:

Nordea Bank Danmark

 

 

 

 

 

 

 

 

 

 

 

Executive report

 

Board of Directors

 

Name

Title

Function

 

Christian Bruno Cordsen Nielsen

 

Managing Director / Director, Board Member

Director/Board Member

 

Ralf-Michael Fuchs

 

Bestyrelsesformand

Director/Board Member

 

Wolfgang Helmut Maria Scheithe

 

Board Member

Director/Board Member

 

Kjeld Jorgen Kuckelhahn

 

Board Member

Director/Board Member

 

 

Executives

 

Name

Title

Function

 

Christian Bruno Cordsen Nielsen

 

Managing Director / Director, Board Member

Managing Director

 

Christian Cordsen Nielsen

 

Managing Director

Managing Director

 

Jonna Schrøder

 

Administration Executive

Administration Executive

 

Keld B Nielsen

 

Finance Manager

Finance Executive

 

Hans Jorn Petersen

 

Sales Manager

Sales Executive

 

Esben Nielsen

 

IT Manager

Information Executive

 

Leif Tychsen

 

IT Manager

Engineering/Technical Executive

 

Claus Jensen

 

Production Director

Product Management Executive

 

Kenneth Phillipsen

 

Purchasing Manager

Purchasing Executive

 

 

 

 

Annual Profit & Loss

 

 

 

 

31-Dec-2010

31-Dec-2009

31-Dec-2008

Period Length

12 Months

12 Months

12 Months

Filed Currency

DKK

DKK

DKK

Exchange Rate (Period Average)

5.623146

5.354263

5.097335

Consolidated

Yes

Yes

Yes

 

 

 

 

Total Revenue

38.6

32.2

41.6

Gross Profit

16.8

13.3

15.5

Operating Income

4.9

0.8

2.0

Net Income

4.0

0.9

1.7

 

 

Annual Balance Sheet

Financials in: USD (mil)

 

 

 

31-Dec-2010

31-Dec-2009

31-Dec-2008

Filed Currency

DKK

DKK

DKK

Exchange Rate

5.55485

5.18625

5.35465

Consolidated

Yes

Yes

Yes

 

 

 

 

Total Assets

20.9

17.9

18.9

Provisions

0.5

0.6

0.5

Total Liabilities

-

10.6

12.6

Total Equity

10.6

6.8

5.7

 

 

Annual Ratios

 

 

 

 

31-Dec-2010

31-Dec-2009

31-Dec-2008

Period Length

12 Months

12 Months

12 Months

Filed Currency

-

-

-

Exchange Rate

-

-

-

Consolidated

Yes

Yes

Yes

 

 

 

 

Operating Margin

12.62

2.49

4.70

Current Ratio

194.70

142.69

124.40

Total debt/total equity

50.81

37.70

30.23

Return on average equity

38.13

13.26

27.76

 

Annual Growth Rates

 

 

 

 

31-Dec-2009

31-Dec-2008

Period Length

12 Months

12 Months

Filed Currency

-

-

Exchange Rate

-

-

Consolidated

Yes

Yes

 

 

 

Turnover Percent Change

26.05%

-18.77%

Marginal Contribution Percent Change

32.59%

-9.94%

Operating Results Percent Change

539.24%

-57.00%

Profit/Loss for the Year Percent Change

383.85%

-45.16%

Assets Percent Change

24.84%

-7.95%

Provisions Percent Change

-3.42%

4.62%

Debts Percent Change

-

-18.73%

Equity Capital Percent Change

68.28%

14.79%

Operating Margin Percent Change

406.83%

-47.02%

Current Ratio Percent Change

36.45%

14.70%

Debt/Equity Ratio Percent Change

34.77%

24.71%

Retun On Equity Percent Change

187.56%

-52.23%

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.52.78

UK Pound

1

Rs.82.73

Euro

1

Rs.68.88

 

 

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%)

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.