MIRA INFORM REPORT

 

 

Report Date :           

21.09.2011

 

IDENTIFICATION DETAILS

 

Name :

DISA INDUSTRIES AS

 

 

Registered Office :

Herlev Hovedgade 17, Herlev, 2730

 

 

Country :

Denmark

 

 

Financials (as on) :

31.12.2010

 

 

Year of Establishment :

1900

 

 

Com. Reg. No.:

18802996

 

 

Legal Form :

Private Subsidiary

 

 

Line of Business :

Manufacturing Metal Forming Machine Toolsc

 

RATING & COMMENTS

 

MIRA’s Rating :

A

 

RATING

STATUS

PROPOSED CREDIT LINE

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

 

Status :

Good

Payment Behaviour :

Usually Correct

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)

Denmark

a2

a2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 Bottom of Form

Company name & address 

 

DISA Industries A/S

Herlev Hovedgade 17

Herlev, 2730

Denmark

Tel:       +45 44 50 50 50

Fax:      +45 44 94 52 25

 Web:   www.disagroup.com

 

 

synthesis

 

Employees:                  310

Company Type:             Private Subsidiary

Corporate Family:          2 Companies

Ultimate Parent:            Nordican Group

Incorporation Date:         1900    

Financials in:                 USD (Millions)

Fiscal Year End:            31-Dec-2010

Reporting Currency:       Danish Krone

Annual Sales:               78.6

Net Income:                   1.7

Total Assets:                 75.0

 

 

Business Description     

 

DISA Industries A/S is primarily engaged in manufacturing metal forming machine tools, not supported in the hands of an operator while in use, for pressing, hammering, extruding, shearing, die-casting, or otherwise forming metal into shape. This industry also includes the rebuilding of such machine tools and the manufacture of repair parts for them.

 

Industry

Industry            Miscellaneous Capital Goods

ANZSIC 2006:    2463 - Machine Tool and Parts Manufacturing

NACE 2002:      2942 - Manufacture of other metalworking machine tools

NAICS 2002:     333513 - Machine Tool (Metal Forming Types) Manufacturing

UK SIC 2003:    2942 - Manufacture of other metalworking machine tools

US SIC 1987:    3542 - Machine Tools, Metal Forming Types

 

           


Key Executives   

 

Name

Title

Peter Holm Larsen

Managing Director / Director

Jan Saaek

Finance Manager

Nina D. Rasmussen

Marketing / Communication Executive

Anders Duer Pedersen

Purchasing Executive

Jimmy Sørensen

Production Director

 

 

News   

 

 

Title

Date

Australia Patent: DISA Industries Files Application for 'Lining plate for lining of moulding chambers of moulding machines'
Australian Government (74 Words)

30-Apr-2011

 

Registered No.(DNK): 18802996

 

1 - Profit & Loss Item Exchange Rate: USD 1 = DKK 5.623146

2 - Balance Sheet Item Exchange Rate: USD 1 = DKK 5.55485

 

 

Corporate Overview

 

Location

Herlev Hovedgade 17

Herlev, 2730

Denmark

Tel:       +45 44 50 50 50

Fax:      +45 44 94 52 25

Web :   www.disagroup.com

           

Sales DKK(mil):             442.0

Assets DKK(mil):           416.4

Employees:                   310

Fiscal Year End:            31-Dec-2010

Industry:                        Miscellaneous Capital Goods

Incorporation Date:         1900

Company Type:             Private Subsidiary

Quoted Status:              Not Quoted

Registered No.(DNK):     18802996

 

Managing Director

 / Director:         Peter Holm Larsen

 

Contents

·         Industry Codes

·         Business Description

·         Financial Data

·         Key Corporate Relationships

 

Industry Codes

 

ANZSIC 2006 Codes:

2463     -          Machine Tool and Parts Manufacturing

 

NACE 2002 Codes:

2942     -          Manufacture of other metalworking machine tools

 

NAICS 2002 Codes:

333513  -          Machine Tool (Metal Forming Types) Manufacturing

 

US SIC 1987:

3542     -          Machine Tools, Metal Forming Types

 

UK SIC 2003:

2942     -          Manufacture of other metalworking machine tools

 

Business Description

DISA Industries A/S is primarily engaged in manufacturing metal forming machine tools, not supported in the hands of an operator while in use, for pressing, hammering, extruding, shearing, die-casting, or otherwise forming metal into shape. This industry also includes the rebuilding of such machine tools and the manufacture of repair parts for them.

 

Financial Data

Financials in:

DKK(mil)

 

Revenue:

442.0

Net Income:

9.3

Assets:

416.4

Total Liabilities:

0.0

 

 

 

Date of Financial Data:

31-Dec-2010

 

1 Year Growth

NA

NA

NA

Key Corporate Relationships

Bank:

Nordea Bank Danmark

 

 

 

 

 

 

 

 

 

 

 

Corporate Family

Corporate Structure News:

 

DISA Industries A/S

Total Corporate Family Members: 2 

 

 

 

Company Name

Company Type

Location

Country

Industry

Sales
(USD mil)

Employees

Source

Nordican Group

Parent

 

 

 

 

 

 

DISA Industries A/S

Subsidiary

Herlev

Denmark

Miscellaneous Capital Goods

78.6

310

KMPS

 

 

Executive report

 

Board of Directors

 

Name

Title

Function

 

Erik Andersen

 

Medarbejderrepræsentant

Director/Board Member

 

Jan Arnold Johansen

 

Board Member

Director/Board Member

 

Anders Dommerby Kristensen

 

Bestyrelsesformand

Director/Board Member

 

Per Løfstrøm Sørensen

 

Medarbejderrepræsentant

Director/Board Member

 

Dagmar Munkgård Møller

 

Board Member

Director/Board Member

 

 

Executives

 

Name

Title

Function

 

Peter Holm Larsen

 

Managing Director / Director

Managing Director

 

Jan Saaek

 

Finance Manager

Finance Executive

 

Britt Thomsen

 

HR Executive

Human Resources Executive

 

Per Rud

 

Sales Director

Sales Executive

 

Nina D. Rasmussen

 

Marketing / Communication Executive

Marketing Executive

 

Henning Ralhf Nielsen

 

R&D / Engineering Executive

Engineering/Technical Executive

 

Jimmy Sørensen

 

Production Director

Product Management Executive

 

Anders Duer Pedersen

 

Purchasing Executive

Purchasing Executive

 





Press clippings

 

Australia Patent: DISA Industries Files Application for 'Lining plate for lining of moulding chambers of moulding machines'


Australian Government: 30 April 2011

[What follows is the full text of the news story.]

Australia, April 30 -- DISA Industries A/S, Denmark, has filed an application (2008362734) on Oct. 6, 2008, for 'Lining plate for lining of moulding chambers of moulding machines.'

 

Inventor(s): Torben Hansen, Allan Joergensen and Mogens Hansen

 

Disa Industries A/s Receives Patent for a Mould Making Machine for Producing Flaskless Moulds

           

Indian Patent News 10 June 2011       

 

[What follows is the full text of the article.]

New Delhi, June 10 -- Disa Industries A/s received Patent for a mould making machine for producing flaskless moulds on July 13, 2007. The patent number issued by the Indian Patent Office is 208135.

 

Disa Industries A/s had filed patent application number IN/PCT/2001/00716/KOL for a mould making machine for producing flaskless moulds on July 10, 2001. The inventor of the patent is Knudsen Soren Erik.

The International classification number is B 22C 11/10.

 

According to the Controller General of Patents, Designs & Trade Marks, "A moulding machine for producing fLaskless moulds is provided with at least A cope flask and a drag flask and a pattern plate therebetween. The pair of flasks is alternatively positioned in a horizontal position in which the produced moulds are removed and the pattern plate is inserted and removed, and in a vertical mould-forming position in which the sand is charged and compacted. According to the invention, the cope flask, the drag flask, the first squeeze plate, the second squeeze plate are rotated in unison."

 

 

DISA Industries A/S Files Patent Application for Moulding Sand Supply Apparatus and Method

 

Indian Patent News
28 December 2010

 

[What follows is the full text of the article.]

New Delhi, Dec. 28 -- Denmark based DISA Industries A/S filed patent application for moulding sand supply apparatus and method. The inventor is Knudsen Soren Erik.

 

DISA Industries A/S filed the patent application on Jan. 23, 2006. The patent application number is 00176/KOLNP/2006 A. The international classification number is B22C19/00.

 

According to the Controller General of Patents, Designs & Trade Marks, "In a moulding sand supply apparatus comprising a sand reservoir for delivering sand to a mainly horizontal belt conveyor, the belt conveyor is controlled to deliver sand for filling a flask positioned to receive sand falling from the belt conveyor. A controller controls the speed of the belt conveyor according to a speed profile providing varying trajectories for the delivered sand, which results in a controlled distribution of the sand in the flask in the transport direction of the belt conveyor . In this way, a simple and flexible control of the distribution of the sand in the flask can be obtained."

 

The DISA Industries offers solutions employing various moulding equipment including vertical, horizontal and matchplate moulding technology. DISA's sand reconditioning and preparation plants and a carefully balanced product range of casting extractors, shot blast cleaning, fettling and trimming enables the company to deliver complete production lines. DISA's foundry solutions comply to the most restrictive environmental requirements as far as air and fume cleaning is concerned. This product range offers individual solutions for a great variety of jobs and applications.

 

 

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

No

No

No

 

 

 

 

Total Revenue

78.6

79.4

108.4

Gross Profit

29.9

24.1

32.4

Operating Income

3.8

1.5

0.0

Net Income

1.7

0.7

-0.5

 

 

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

No

No

No

Total Assets

75.0

54.5

66.1

Provisions

1.7

1.9

1.2

Total Liabilities

-

34.9

48.4

Total Equity

18.3

17.7

16.5

 

 

Annual Ratios

 

 

 

 

31-Dec-2010

31-Dec-2009

31-Dec-2008

Period Length

12 Months

12 Months

12 Months

Filed Currency

-

-

-

Exchange Rate

-

-

-

Consolidated

No

No

No

 

 

 

 

Operating Margin

4.82

1.84

-0.01

Current Ratio

128.10

144.60

130.27

Total debt/total equity

24.38

32.50

24.89

Return on average equity

9.16

3.93

-

Annual Growth Rates

 

 

 

 

31-Dec-2009

31-Dec-2008

Period Length

12 Months

12 Months

Filed Currency

-

-

Exchange Rate

-

-

Consolidated

No

No

 

 

 

Turnover Percent Change

3.94%

-23.07%

Marginal Contribution Percent Change

30.35%

-21.77%

Operating Results Percent Change

171.86%

13,384.75%

Profit/Loss for the Year Percent Change

157.55%

232.32%

Assets Percent Change

47.22%

-20.10%

Provisions Percent Change

0.42%

50.11%

Debts Percent Change

-

-30.14%

Equity Capital Percent Change

10.46%

4.32%

Operating Margin Percent Change

161.96%

18,500.00%

Current Ratio Percent Change

-11.41%

11.00%

Debt/Equity Ratio Percent Change

-24.98%

30.57%

Retun On Equity Percent Change

133.08%

-

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.48.22

UK Pound

1

Rs.75.63

Euro

1

Rs.65.65

 

 

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.