MIRA
INFORM REPORT
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Report Date : |
26.04.2012 |
IDENTIFICATION DETAILS
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Name : |
HAAS-MEINCKE A/S |
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Registered Office : |
Tonsbakken 10, Skovlunde, 2740 |
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Country : |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
1953 |
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Com. Reg. No.: |
13882037 |
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Legal Form : |
Private Subsidiary |
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Line of Business : |
Manufacture of machinery for food, beverage and tobacco processing |
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No. of Employees : |
77 |
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 : |
No complaints |
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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 30, 2011
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Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
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Denmark |
A2 |
A2 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Company name and address
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Haas-Meincke A/S |
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Employees: |
77 |
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Company Type: |
Private Subsidiary |
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Corporate
Family: |
3 Companies |
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Ultimate
Parent: |
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Incorporation
Date: |
1953 |
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Fiscal Year End: |
31-Dec-2010 |
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Reporting
Currency: |
Danish Krone |
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Annual Sales: |
55.1 |
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Total Assets: |
NA |
Business Description
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Haas-Meincke A/S is primarily engaged in manufacturing food and beverage
manufacturing-type machinery and equipment, such as dairy product plant
machinery and equipment (e.g., homogenizers, pasteurizers, ice cream
freezers), bakery machinery and equipment (e.g., dough mixers, bake ovens,
pastry rolling machines), meat and poultry processing and preparation
machinery, and other commercial food products machinery (e.g., slicers,
choppers, and mixers) |
industry
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Industry |
Miscellaneous Capital Goods |
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ANZSIC 2006: |
2469 - Other Specialised Machinery and Equipment
Manufacturing |
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NACE 2002: |
2953 - Manufacture of machinery for food,
beverage and tobacco processing |
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NAICS 2002: |
333294 - Food Product Machinery
Manufacturing |
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UK SIC 2003: |
2953 - Manufacture of machinery for food, beverage
and tobacco processing |
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US SIC 1987: |
3556 - Food Products Machinery |
Key Executives
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Registered No.(DNK)
13882037
Profit & Loss Item Exchange Rate: USD 1 = DKK 5.623146
Balance Sheet Item Exchange Rate: USD 1 = DKK 5.55485
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Corporate
Structure News
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Company Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
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Parent |
Leobendorf |
Austria |
Miscellaneous Capital Goods |
285.8 |
1,285 |
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Subsidiary |
Skovlunde |
Denmark |
Miscellaneous Capital Goods |
55.1 |
77 |
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Subsidiary |
Rødkærsbro |
Denmark |
Electronic Instruments and Controls |
0.0 |
65 |
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Annual Profit & Loss
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31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
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Period Length |
12 Months |
12 Months |
12 Months |
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Filed Currency |
DKK |
DKK |
DKK |
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Exchange Rate
(Period Average) |
5.623146 |
5.354263 |
5.097335 |
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Consolidated |
No |
No |
No |
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Total Revenue |
55.1 |
49.3 |
74.1 |
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Gross Profit |
8.2 |
5.1 |
13.4 |
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Operating Income |
1.5 |
-2.8 |
4.1 |
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Net Income |
1.9 |
-2.0 |
3.8 |
Annual Balance
Sheet
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Financials in:
USD (mil) |
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31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
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Filed Currency |
DKK |
DKK |
DKK |
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Exchange Rate |
5.55485 |
5.18625 |
5.35465 |
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Consolidated |
No |
No |
No |
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Total Assets |
31.3 |
26.8 |
34.3 |
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Provisions |
5.4 |
4.0 |
5.9 |
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Total Liabilities |
- |
16.4 |
20.0 |
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Total Equity |
6.3 |
6.4 |
8.3 |
Annual Ratios
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31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
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Period Length |
12 Months |
12 Months |
12 Months |
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Filed Currency |
- |
- |
- |
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Exchange Rate |
- |
- |
- |
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Consolidated |
No |
No |
No |
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Operating Margin |
2.76 |
-5.73 |
5.49 |
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Current Ratio |
105.14 |
92.39 |
116.46 |
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Total debt/total equity |
20.27 |
23.98 |
24.28 |
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Return on average equity |
29.56 |
- |
43.03 |
Annual Growth Rates
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31-Dec-2009 |
31-Dec-2008 |
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Period Length |
12 Months |
12 Months |
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Filed Currency |
- |
- |
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Exchange Rate |
- |
- |
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Consolidated |
No |
No |
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Turnover Percent Change |
17.36% |
-30.09% |
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Marginal Contribution Percent Change |
67.79% |
-59.83% |
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Operating Results Percent Change |
156.56% |
-172.91% |
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Profit/Loss for the Year Percent Change |
196.96% |
-156.02% |
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Assets Percent Change |
25.24% |
-24.39% |
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Provisions Percent Change |
46.16% |
-35.06% |
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Debts Percent Change |
- |
-20.85% |
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Equity Capital Percent Change |
5.88% |
-25.32% |
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Operating Margin Percent Change |
148.17% |
-204.37% |
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Current Ratio Percent Change |
13.80% |
-20.67% |
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Debt/Equity Ratio Percent Change |
-15.47% |
-1.24% |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.52.48 |
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1 |
Rs.84.65 |
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Euro |
1 |
Rs.69.25 |
INFORMATION DETAILS
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Report Prepared
by : |
PDT |
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 |
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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-- |
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.