MIRA INFORM REPORT

 

 

Report Date :

20.08.2012

 

IDENTIFICATION DETAILS

 

Name :

AB HANSON & MOHRING

 

 

Registered Office :

Oceanhamnen, Halmstad, 30106

 

 

Country :

Sweden

 

 

Financials (as on) :

31.12.2011

 

 

Year of Establishment :

1965

 

 

Com. Reg. No.:

5561017582

 

 

Legal Form :

Private Subsidiary Company

 

 

Line of Business :

Subject is engaged in manufacturing construction machinery, surface mining machinery, and logging equipment

 

 

No. of Employees :

38 employees

 

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 but 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, 2012

 

Country Name

Previous Rating

(31.12.2011)

Current Rating

(31.03.2012)

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 

 

AB Hanson & MOHring

Oceanhamnen

Halmstad, 30106

Sweden

Tel:       +46 35 18 32 00

Fax:      +46 35 18 32 90

Web:    www.hanson-moehring.se

           

 

Synthesis

 

Employees:                  38

Company Type:             Private Subsidiary

Corporate Family:          3 Companies

Ultimate Parent:            Salinity Holding AB

Incorporation Date:         1965   

Financials in:                 USD (Millions)

Fiscal Year End:            31-Dec-2011

Reporting Currency:       Swedish Krona

Annual Sales:               53.9

Net Income:                  0.4

Total Assets:                22.8

 

 

Business Description     

 

AB Hanson & Mohring is primarily engaged in manufacturing construction machinery, surface mining machinery, and logging equipment.

 

Industry             

Industry            Construction and Agriculture Machinery

ANZSIC 2006:    2462 - Mining and Construction Machinery Manufacturing

NACE 2002:      2952 - Manufacture of machinery for mining, quarrying and construction

NAICS 2002:     333120 - Construction Machinery Manufacturing

UK SIC 2003:    2952 - Manufacture of machinery for mining, quarrying and construction

US SIC 1987:    3531 - Construction Machinery and Equipment

 

           


Key Executives   

 

Name

Title

Claes Andersson

verkst dir, Purchasing Executive

Roger Semborn

Finance Manager

Pontus Ryberg

livsmedel, Marketing / Communication Executive

Jenny Fredriksson

Purchasing Executive

Thomas Carlsson

Production Director

 

Registered No.(SWE):             5561017582

 

1 - Profit & Loss Item Exchange Rate: USD 1 = SEK 6.49369

2 - Balance Sheet Item Exchange Rate: USD 1 = SEK 6.8553

 

 

Corporate Overview

 

Location

Oceanhamnen

Halmstad, 30106

Sweden

Tel:       +46 35 18 32 00

Fax:      +46 35 18 32 90

Web:    www.hanson-moehring.se

           

Sales SEK(mil):             350.2

Assets SEK(mil):           156.3

Employees:                   38

Fiscal Year End:            31-Dec-2011

Industry:                        Construction and Agriculture Machinery

Incorporation Date:         1965

Company Type:             Private Subsidiary

Quoted Status:              Not Quoted

Registered No.(SWE):    5561017582

 

verkst dir,

Purchasing Executive:    Claes Andersson

 

Industry Codes

ANZSIC 2006 Codes:

2462     -          Mining and Construction Machinery Manufacturing

1813     -          Basic Inorganic Chemical Manufacturing

0990     -          Other Non-Metallic Mineral Mining and Quarrying

2461     -          Agricultural Machinery and Equipment Manufacturing

 

NACE 2002 Codes:

2932     -          Manufacture of other agricultural and forestry machinery

1450     -          Other mining and quarrying not elsewhere classified

2952     -          Manufacture of machinery for mining, quarrying and construction

2413     -          Manufacture of other inorganic basic chemicals

14         -          Other Mining and Quarrying

1430     -          Mining of chemicals and fertiliser minerals

 

NAICS 2002 Codes:

325188  -          All Other Basic Inorganic Chemical Manufacturing

212393  -          Other Chemical and Fertilizer Mineral Mining

333111  -          Farm Machinery and Equipment Manufacturing

212399  -          All Other Nonmetallic Mineral Mining

33312   -          Construction Machinery Manufacturing

212391  -          Potash, Soda, and Borate Mineral Mining

21239   -          Other Nonmetallic Mineral Mining and Quarrying

333120  -          Construction Machinery Manufacturing

32518   -          Other Basic Inorganic Chemical Manufacturing

 

US SIC 1987:

1499     -          Miscellaneous Nonmetallic Minerals, Except Fuels

147       -          Chemical and Fertilizer Mineral Mining

2819     -          Industrial Inorganic Chemicals, Not Elsewhere Classified

3531     -          Construction Machinery and Equipment

3523     -          Farm Machinery and Equipment

1474     -          Potash, Soda, and Borate Minerals

 

UK SIC 2003:

2413     -          Manufacture of other inorganic basic chemicals

1430     -          Mining of chemicals and fertiliser minerals

2932     -          Manufacture of other agricultural and forestry machinery

14         -          Other Mining and Quarrying

2952     -          Manufacture of machinery for mining, quarrying and construction

1450     -          Other mining and quarrying not elsewhere classified

 

Business Description

AB Hanson & Mohring is primarily engaged in manufacturing construction machinery, surface mining machinery, and logging equipment.

Source: Kompass

 

Financial Data

Financials in:

SEK(mil)

 

Revenue:

350.2

Net Income:

2.7

Assets:

156.3

Total Liabilities:

107.0

 

 

 

Date of Financial Data:

31-Dec-2011

 

1 Year Growth

NA

NA

NA

Key Corporate Relationships

Bank:

SEB

 

 

 

 

 

 

 

 

 

 

Corporate Family

Corporate Structure News:

 

AB Hanson & Mohring

AB Hanson & Mohring 
Total Corporate Family Members: 3 

 

 

Company Name

Company Type

Location

Country

Industry

Sales
(USD mil)

Employees

 

Salinity Holding AB

Parent

 

 

 

 

 

 

AB Hanson & Mohring

Subsidiary

Halmstad, Halland

Sweden

Construction and Agriculture Machinery

53.9

38

 

Skogens Kol AB

Subsidiary

Kilafors, Gävleborg

Sweden

Chemical Manufacturing

11.0

24

 

 

 

Executive report

 

Board of Directors

 

Name

Title

Function

 

Claes Andersson

 

verkst dir, Purchasing Executive

Director/Board Member

 

Jonas Joakim Jung

 

ledamot och ordforande

Director/Board Member

 

Carl Lennart Sparud

 

ledamot

Director/Board Member

 

 

 

Executives

 

Name

Title

Function

 

Claes Andersson

 

verkst dir, Purchasing Executive

Managing Director

 

Roger Semborn

 

Finance Manager

Finance Executive

 

Pontus Ryberg

 

livsmedel, Marketing / Communication Executive

Sales Executive

 

Thomas Carlsson

 

Production Director

Product Management Executive

 

Jenny Fredriksson

 

Purchasing Executive

Purchasing Executive

 

 

Annual Profit & Loss

 

 

 

31-Dec-2011

31-Dec-2010

31-Dec-2009

Period Length

12 Months

12 Months

12 Months

Filed Currency

SEK

SEK

SEK

Exchange Rate (Period Average)

6.493691

7.206564

7.645194

Consolidated

No

No

No

 

 

 

 

Total Revenue

45.9

49.1

39.6

Gross Profit

3.3

5.6

4.2

Net Financial Items

-0.1

0.4

0.5

Operating Income

2.9

5.4

4.0

Income Before Tax

0.6

4.1

0.2

Net Income

0.4

3.1

0.1

 

Annual Balance Sheet

Financials in: USD (mil)

 

                                                                                      

 

 

31-Dec-2011

31-Dec-2010

31-Dec-2009

Filed Currency

SEK

SEK

SEK

Exchange Rate

6.8553

6.72285

7.1401

Consolidated

No

No

No

 

 

 

 

Total Assets

22.8

21.0

15.3

Provisions

0.6

0.5

0.4

Total Liabilities

15.6

14.2

12.1

Total Equity

6.6

6.3

2.8

 

 

Annual Ratios

 

                                                                                      

 

 

31-Dec-2011

31-Dec-2010

31-Dec-2009

Period Length

12 Months

12 Months

12 Months

Filed Currency

-

-

-

Exchange Rate

-

-

-

Consolidated

No

No

No

 

 

 

 

Operating Margin

6.69

12.44

11.99

Current Ratio

166.77

169.78

187.21

Total debt/total equity

30.78

31.70

20.37

Return on average equity

36.53

93.35

154.84

 

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Annual Growth Rates

 

 

 

 

31-Dec-2010

31-Dec-2009

Period Length

12 Months

12 Months

Filed Currency

-

-

Exchange Rate

-

-

Consolidated

No

No

 

 

 

Turnover Percent Change

-15.82%

17.02%

Marginal Contribution Percent Change

-47.03%

25.71%

Net Financial Items Percent Change

-130.86%

-27.11%

Operating Results Percent Change

-52.22%

28.13%

Profit/Loss Before Tax Percent Change

-87.54%

1,732.00%

Profit/Loss for the Year Percent Change

-88.00%

1,970.37%

Assets Percent Change

10.64%

29.42%

Provisions Percent Change

26.63%

18.60%

Debts Percent Change

11.99%

10.94%

Equity Capital Percent Change

6.29%

110.11%

Operating Margin Percent Change

-46.22%

3.75%

Current Ratio Percent Change

-1.77%

-9.31%

Debt/Equity Ratio Percent Change

-2.90%

55.62%

Return On Equity Percent Change

-60.87%

-39.71%

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.55.70

UK Pound

1

Rs.87.55

Euro

1

Rs.68.85

 

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.