MIRA INFORM REPORT

 

 

Report Date :

10.08.2012

 

IDENTIFICATION DETAILS

 

Name :

CARL STAHL AS

 

 

Registered Office :

Midtunheien 22, Nesttun, 5224

 

 

Country :

Norway

 

 

Financials (as on) :

31.12.2010

 

 

Year of Establishment :

1984

 

 

Com. Reg. No.:

881657422

 

 

Legal Form :

Private Independent Company

 

 

Line of Business :

manufacturing overhead traveling cranes, hoists, and monorail systems.

 

 

No. of Employees :

14

 

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 :

Slow

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, 2012

 

Country Name

Previous Rating

(31.12.2011)

Current Rating

(31.03.2012)

Norway

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 

Company name & address 

 

Carl Stahl AS

Midtunheien 22

Nesttun, 5224

Norway

Tel:       +47 55 92 63 60

Fax:      +47 55 92 63 70

Web:    www.carlstahl.no

           

 

synthesis

 

Employees:                  14

Company Type:             Private Independent

Incorporation Date:         1984   

Financials in:                 USD (Millions)

Fiscal Year End:            31-Dec-2010

Reporting Currency:       Norwegian Krone

Annual Sales:                25.7

Net Income:                   0.2

Total Assets:                 16.5

 

 

Business Description     

 

Carl Stahl AS is primarily engaged in manufacturing overhead traveling cranes, hoists, and monorail systems.

 

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:     333923 - Overhead Traveling Crane, Hoist, and Monorail System Manufacturing

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

US SIC 1987:    3536 - Overhead Traveling Cranes, Hoists, and Monorail Systems

 

 

Key Executives   

 

Name

Title

Morten Francis Holst

dagl.leder, Sales Director

Eldbjørn Haugen Eriksen

Finance Manager

Jan-Erik Jansson

Purchasing Executive, Sales Director

Atle Borgen

Production Director

Jan Erik Jansson

Board Member

 

 

Registered No.(NOR):     881657422

 

1 - Profit & Loss Item Exchange Rate: USD 1 = NOK 6.047155

2 - Balance Sheet Item Exchange Rate: USD 1 = NOK 5.8125

 

 

Corporate Overview

 

Location

Midtunheien 22

Nesttun, 5224

Norway

Tel:       +47 55 92 63 60

Fax:      +47 55 92 63 70

Web:    www.carlstahl.no

           

Sales NOK(mil):             155.4

Assets NOK(mil):           96.1

Employees:                   14

Fiscal Year End:            31-Dec-2010

Industry:                        Miscellaneous Capital Goods

Incorporation Date:         1984

Company Type:             Private Independent

Quoted Status:              Not Quoted

Registered No.(NOR):     881657422

dagl.leder, Sales Director: Morten Francis Holst

 

Contents

Industry Codes

Business Description

Financial Data

Key Corporate Relationships

 

Industry Codes

ANZSIC 2006 Codes:

1312     -          Natural Textile Manufacturing

2291     -          Spring and Wire Product Manufacturing

1333     -          Cut and Sewn Textile Product Manufacturing

133       -          Textile Product Manufacturing

2299     -          Other Fabricated Metal Product Manufacturing Not Elsewhere Classified

1522     -          Paper Bag Manufacturing

2491     -          Lifting and Material Handling Equipment Manufacturing

152       -          Converted Paper Product Manufacturing

1332     -          Rope, Cordage and Twine Manufacturing

2292     -          Nut, Bolt, Screw and Rivet Manufacturing

 

NACE 2002 Codes:

1711     -          Preparation and spinning of cotton-type fibres

2734     -          Wire drawing

175       -          Manufacture of other textiles

2873     -          Manufacture of wire products

1740     -          Manufacture of made-up textile articles, except apparel

287       -          Manufacture of other fabricated metal products

1752     -          Manufacture of cordage, rope, twine and netting

2874     -          Manufacture of fasteners, screw machine products, chains and springs

252       -          Manufacture of plastic products

2922     -          Manufacture of lifting and handling equipment

2121     -          Manufacture of corrugated paper and paperboard and of containers of paper and paperboard

2522     -          Manufacture of plastic packing goods

 

NAICS 2002 Codes:

313111  -          Yarn Spinning Mills

331222  -          Steel Wire Drawing

314911  -          Textile Bag Mills

332618  -          Other Fabricated Wire Product Manufacturing

3149     -          Other Textile Product Mills

3326     -          Spring and Wire Product Manufacturing

314991  -          Rope, Cordage, and Twine Mills

33272   -          Turned Product and Screw, Nut, and Bolt Manufacturing

32611   -          Unsupported Plastics Film, Sheet, and Bag Manufacturing

333922  -          Conveyor and Conveying Equipment Manufacturing

322223  -          Plastics, Foil, and Coated Paper Bag Manufacturing

332722  -          Bolt, Nut, Screw, Rivet, and Washer Manufacturing

31491   -          Textile Bag and Canvas Mills

33261   -          Spring and Wire Product Manufacturing

326111  -          Plastics Bag Manufacturing

333923  -          Overhead Traveling Crane, Hoist, and Monorail System Manufacturing

 

US SIC 1987:

2281     -          Yarn Spinning Mills

3315     -          Steel Wiredrawing and Steel Nails and Spikes

349       -          Miscellaneous Fabricated Metal Products

2298     -          Cordage and Twine

3452     -          Bolts, Nuts, Screws, Rivets, and Washers

2393     -          Textile Bags

267       -          Converted Paper and Paperboard Products

3496     -          Miscellaneous Fabricated Wire Products

239       -          Miscellaneous Fabricated Textile Products

3536     -          Overhead Traveling Cranes, Hoists, and Monorail Systems

2673     -          Plastics, Foil, and Coated Paper Bags

3535     -          Conveyors and Conveying Equipment

 

UK SIC 2003:

1711     -          Preparation and spinning of cotton-type fibres

2734     -          Wire drawing

175       -          Manufacture of other textiles

2873     -          Manufacture of wire products

1740     -          Manufacture of made-up textile articles, except apparel

287       -          Manufacture of other fabricated metal products

1752     -          Manufacture of cordage, rope, twine and netting

2874     -          Manufacture of fasteners, screw machine products, chains and springs

252       -          Manufacture of plastic products

21211   -          Manufacture of corrugated paper and paperboard, sacks and bags

2522     -          Manufacture of plastic packing goods

2922     -          Manufacture of lifting and handling equipment

 

Business Description

Carl Stahl AS is primarily engaged in manufacturing overhead traveling cranes, hoists, and monorail systems.

 

Financial Data

Financials in:

NOK(mil)

 

Revenue:

155.4

Net Income:

1.4

Assets:

96.1

Total Liabilities:

83.9

 

 

 

Date of Financial Data:

31-Dec-2010

 

1 Year Growth

NA

NA

NA

 

Key Corporate Relationships

Bank:

Sparebanken Vest

 

 

 

 

 

 

 

                              

 

Executive report

 

Board of Directors

 

Name

Title

Function

 

Morten Francis Holst

 

dagl.leder, Sales Director

Director/Board Member

 

Jan Erik Jansson

 

Board Member

Director/Board Member

 

Andreas Urbes

 

leder

Director/Board Member

 

 

 

Executives

 

Name

Title

Function

 

Morten Francis Holst

 

dagl.leder, Sales Director

Managing Director

 

Eldbjørn Haugen Eriksen

 

Finance Manager

Finance Executive

 

Jan-Erik Jansson

 

Purchasing Executive, Sales Director

Sales Executive

 

Gisle Lüssenhop

 

Purchasing Executive, Sales Director

Sales Executive

 

Hogne Øverbø

 

Sales Director

Sales Executive

 

Morten Sture

 

Sales Director

Sales Executive

 

Atle Borgen

 

Production Director

Product Management Executive

 

Ole-Kristian Smørdal

 

Production Director

Product Management Executive

 

 

 

 

Annual Profit & Loss

 

 

 

31-Dec-2010

31-Dec-2009

31-Dec-2008

Period Length

12 Months

12 Months

12 Months

Filed Currency

NOK

NOK

NOK

Exchange Rate (Period Average)

6.047155

6.287787

5.651011

Consolidated

No

No

No

 

 

 

 

Total Revenue

25.7

26.2

23.0

Net Financial Items

-0.3

-0.1

-1.3

Operating Income

0.4

1.0

0.8

Income Before Tax

0.1

0.9

-0.5

Net Income

0.2

0.5

-0.4

 

Annual Balance Sheet

 

Financials in: USD (mil)

 

 

 

31-Dec-2010

31-Dec-2009

31-Dec-2008

Filed Currency

NOK

NOK

NOK

Exchange Rate

5.8125

5.7768

7.0021

Consolidated

No

No

No

 

 

 

 

Total Assets

16.5

14.7

12.5

Total Liabilities

14.4

12.9

11.4

Total Equity

2.1

1.9

1.1

 

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

1.68

3.96

3.46

Current Ratio

1.41

1.25

1.23

Total debt/total equity

12.67

12.61

8.73

Return on average equity

11.82

28.65

-29.32

 

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

-5.72%

26.96%

Net Financial Items Percent Change

-207.29%

91.52%

Operating Results Percent Change

-59.98%

45.37%

Profit/Loss Before Tax Percent Change

-88.60%

299.80%

Profit/Loss for the Year Percent Change

-53.27%

236.94%

Assets Percent Change

12.86%

-2.98%

Debts Percent Change

12.79%

-7.11%

Equity Capital Percent Change

13.39%

40.14%

Operating Margin Percent Change

-57.58%

14.45%

Current Ratio Percent Change

12.80%

1.63%

Debt/Equity Ratio Percent Change

0.48%

44.44%

Retun On Equity Percent Change

-58.74%

197.71%

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.55.17

UK Pound

1

Rs.86.43

Euro

1

Rs.68.27

 

INFORMATION DETAILS

 

Report Prepared by :

MNL

 

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.