MIRA INFORM REPORT

 

 

Report Date :           

24.12.2011

 

IDENTIFICATION DETAILS

 

Name :

SUND BIRSTA AB

 

 

Registered Office :

Heffnersvagen 34, Sundsvall, 85633

 

 

Country :

Sweden

 

 

Financials (as on) :

30.06.2010

 

 

Year of Establishment :

1982

 

 

Com. Reg. No.:

5562194679

 

 

Legal Form :

Private Subsidiary Company

 

 

Line of Business :

manufacturing conveyors and conveying equipment

 

 

No. of Employees :

73 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)

Sweden

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

 

SUND BIRSTA AB

Heffnersvagen 34

Sundsvall, 85633

Sweden

 Tel:      +46 60 13 94 00

Fax:      +46 60 15 34 50

 Web:   www.sundbirsta.com

 

 

Synthesis

 

Employees:                  73

Company Type:            Private Subsidiary

Corporate Family:          2 Companies

Ultimate Parent:             Industrielle Beteiligung SA

Incorporation Date:         1982   

Financials in:                 Usd (millions)

Fiscal Year End:            30-Jun-2010

Reporting Currency:       Swedish Krona

Annual Sales:               63.3

Net Income:                  4.3

Total Assets:                43.1

 

 

Business Description

 

SUND BIRSTA AB is primarily engaged in manufacturing conveyors and conveying equipment, such as gravity conveyors, trolley conveyors, tow conveyors, pneumatic tube conveyors, carousel conveyors, farm conveyors, and belt conveyors.

 

Industry

Industry            Miscellaneous Capital Goods

ANZSIC 2006:    2491 - Lifting and Material Handling Equipment Manufacturing

NACE 2002:      2922 - Manufacture of lifting and handling equipment

NAICS 2002:     333922 - Conveyor and Conveying Equipment Manufacturing

UK SIC 2003:    2922 - Manufacture of lifting and handling equipment

US SIC 1987:    3535 - Conveyors and Conveying Equipment

 

           


Key Executives   

 

Name

Title

Peter Marstedt

verkst dir, ledamot

Anders Hellgren

Administration Manager, Finance Manager

Ove Englund

Sales Director, Export Executive

HÃkan Eriksson

IT Manager

Erik Karlstrom

Purchasing Executive, Production Director

 

Registered No.(SWE): 5562194679

 

1 - Profit & Loss Item Exchange Rate: USD 1 = SEK 7.270479

2 - Balance Sheet Item Exchange Rate: USD 1 = SEK 7.782

 

 

Corporate Overview

 

Location

Heffnersvagen 34

Sundsvall, 85633

Sweden

Tel:       +46 60 13 94 00

Fax:      +46 60 15 34 50

Web:    www.sundbirsta.com

           

Sales SEK(mil):             459.9

Assets SEK(mil):           335.1

Employees:                   73

Fiscal Year End:            30-Jun-2010

Industry:                        Miscellaneous Capital Goods

Incorporation Date:         1982

Company Type:             Private Subsidiary

Quoted Status:              Not Quoted

Registered No.(SWE):    5562194679

verkst dir, ledamot:         Peter Marstedt

 

Contents

·         Industry Codes

·         Business Description

·         Financial Data

·         Key Corporate Relationships

 

Industry Codes

 

ANZSIC 2006 Codes:

2491     -          Lifting and Material Handling Equipment Manufacturing

2463     -          Machine Tool and Parts Manufacturing

 

NACE 2002 Codes:

2922     -          Manufacture of lifting and handling equipment

2951     -          Manufacture of machinery for metallurgy

 

NAICS 2002 Codes:

333922  -          Conveyor and Conveying Equipment Manufacturing

333516  -          Rolling Mill Machinery and Equipment Manufacturing

 

US SIC 1987:

3547     -          Rolling Mill Machinery and Equipment

3535     -          Conveyors and Conveying Equipment

 

UK SIC 2003:

2951     -          Manufacture of machinery for metallurgy

2922     -          Manufacture of lifting and handling equipment

 

Business Description

SUND BIRSTA AB is primarily engaged in manufacturing conveyors and conveying equipment, such as gravity conveyors, trolley conveyors, tow conveyors, pneumatic tube conveyors, carousel conveyors, farm conveyors, and belt conveyors.

 

Financial Data

Financials in:

SEK(mil)

 

Revenue:

459.9

Net Income:

31.6

Assets:

335.1

Total Liabilities:

147.5

 

 

 

Date of Financial Data:

30-Jun-2010

 

1 Year Growth

NA

NA

NA

Key Corporate Relationships

Bank:

Nordea

 

 

 

 

 

 

 

 

 

 

 

Corporate Family

Corporate Structure News:

 

SUND BIRSTA AB

SUND BIRSTA AB 
Total Corporate Family Members: 2 

 

 

 

 

Company Name

Company Type

Location

Country

Industry

Sales
(USD mil)

Employees

Industrielle Beteiligung SA

Parent

 

 

 

 

 

SUND BIRSTA AB

Subsidiary

Sundsvall, Vasternorrland

Sweden

Miscellaneous Capital Goods

 

 

 

 

 

Executive report

 

Board of Directors

 

Name

Title

Function

 

Franco Alzetta

 

ledamot

Director/Board Member

 

Camilla Benedetti

 

ledamot

Director/Board Member

 

Erich Walter Grossmann

 

ledamot

Director/Board Member

 

Ã…ke Ingemar Johansson

 

ledamot och ordforande

Director/Board Member

 

Peter Marstedt

 

verkst dir, ledamot

Director/Board Member

 

Niclas Ulf Nyberg

 

ledamot

Director/Board Member

 

Hans Magnus Wulffeld

 

ledamot

Director/Board Member

 

 

Executives

 

Name

Title

Function

 

Peter Marstedt

 

verkst dir, ledamot

Managing Director

 

Anders Hellgren

 

Administration Manager, Finance Manager

Administration Executive

 

Ove Englund

 

Sales Director, Export Executive

Sales Executive

 

Arne Olsson

 

eftermarknad

Marketing Executive

 

Hakan Eriksson

 

IT Manager

Information Executive

 

Fabian Öhlund

 

Technical Manager, R&D / Engineering Executive

Engineering/Technical Executive

 

Erik Karlstrom

 

Purchasing Executive, Production Director

Research & Development Executive

 

 

 

Annual Profit & Loss

 

 

 

 

30-Jun-2010

30-Jun-2009

30-Jun-2008

Period Length

12 Months

12 Months

12 Months

Filed Currency

SEK

SEK

SEK

Exchange Rate (Period Average)

7.270479

7.593784

6.359406

Consolidated

No

No

No

 

 

 

 

Total Revenue

63.3

75.2

87.7

Gross Profit

7.2

8.7

9.8

Net Financial Items

0.0

0.3

0.3

Operating Income

7.1

8.5

9.6

Income Before Tax

6.1

6.7

8.9

Net Income

4.3

4.9

6.0

 

 

Annual Balance Sheet

 

Financials in: USD (mil)

 

 

 

30-Jun-2010

30-Jun-2009

30-Jun-2008

Filed Currency

SEK

SEK

SEK

Exchange Rate

7.782

7.74785

6.01535

Consolidated

No

No

No

 

 

 

 

Total Assets

43.1

43.4

51.2

Provisions

6.7

5.8

4.8

Total Liabilities

19.0

20.0

25.4

Total Equity

17.4

17.6

21.1

 

 

Annual Ratios

 

 

 

 

30-Jun-2010

30-Jun-2009

30-Jun-2008

Period Length

12 Months

12 Months

12 Months

Filed Currency

-

-

-

Exchange Rate

-

-

-

Consolidated

No

No

No

 

 

 

 

Operating Margin

11.19

11.80

11.48

Current Ratio

236.31

235.34

228.56

Total debt/total equity

51.65

50.25

47.79

Return on average equity

29.60

39.71

43.01

 

Annual Growth Rates

 

 

 

 

30-Jun-2009

30-Jun-2008

Period Length

12 Months

12 Months

Filed Currency

-

-

Exchange Rate

-

-

Consolidated

No

No

 

 

 

Turnover Percent Change

-19.48%

2.43%

Marginal Contribution Percent Change

-20.20%

5.59%

Net Financial Items Percent Change

-107.32%

8.68%

Operating Results Percent Change

-20.53%

5.75%

Profit/Loss Before Tax Percent Change

-13.31%

-10.00%

Profit/Loss for the Year Percent Change

-14.80%

-3.32%

Assets Percent Change

-0.32%

9.03%

Provisions Percent Change

15.76%

56.30%

Debts Percent Change

-4.64%

1.14%

Equity Capital Percent Change

-0.69%

7.89%

Operating Margin Percent Change

-5.17%

2.79%

Current Ratio Percent Change

0.41%

2.97%

Debt/Equity Ratio Percent Change

2.79%

5.15%

Retun On Equity Percent Change

-25.46%

-7.67

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.52.72

UK Pound

1

Rs.82.71

Euro

1

Rs.68.90

 

 

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.