MIRA INFORM REPORT
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Report Date : |
24.12.2012 |
IDENTIFICATION DETAILS
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Name : |
AB BENZLERS |
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Registered Office : |
Landskronavagen 1 |
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Country : |
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Financials (as on) : |
31.03.2011 |
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Year of Establishment : |
1944 |
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Com. Reg. No.: |
5560436007 |
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Legal Form : |
Private Subsidiary |
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Line of Business : |
Manufacture of machinery for mining, quarrying and construction |
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No. of Employees : |
104 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Slow but correct |
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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 – June 30th, 2012
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Country Name |
Previous Rating (31.03.2011) |
Current Rating (30.06.2012) |
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A1 |
A1 |
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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 |
Aided by peace and neutrality for the whole of the 20th century,
Source
: CIA
Company name and address
AB Benzlers
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Business
Description
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AB Benzlers is primarily engaged in
manufacturing electric motors (except internal combustion engine starting
motors), power generators (except battery charging alternators for internal
combustion engines), and motor generator sets (except turbine generator set
units). This industry includes establishments rewinding armatures on a
factory basis. |
Industry
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Industry |
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ANZSIC 2006: |
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NACE 2002: |
2952 - Manufacture of machinery for mining,
quarrying and construction |
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NAICS 2002: |
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2952 - Manufacture of machinery for mining,
quarrying and construction |
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2892 - Manufacture of machinery for mining,
quarrying and construction |
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US SIC 1987: |
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Key Executives
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1 - Profit &
Loss Item Exchange Rate: USD 1 = SEK 7.033019
2 - Balance Sheet Item Exchange Rate: USD 1 = SEK 6.3084
Corporate Overview
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Corporate Structure News
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AB Benzlers |
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Company Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
|
Parent |
|
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Aerospace and Defense |
11,275.0 |
32,000 |
|
|
Subsidiary |
|
|
Aerospace and Defense |
5,700.0 |
10,000 |
|
|
Branch |
|
|
Aerospace and Defense |
776.2 |
1,500 |
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|
Branch |
|
|
Aerospace and Defense |
191.9 |
600 |
|
|
Branch |
|
|
Aerospace and Defense |
164.5 |
600 |
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|
Branch |
|
|
Aerospace and Defense |
258.7 |
500 |
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Subsidiary |
|
|
Aerospace and Defense |
|
360 |
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|
Subsidiary |
|
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Rental and Leasing |
3.2 |
3 |
|
|
Branch |
|
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Rental and Leasing |
0.7 |
3 |
|
|
Branch |
|
|
Rental and Leasing |
0.7 |
3 |
|
|
Branch |
|
|
Rental and Leasing |
0.5 |
2 |
|
|
Branch |
|
|
Rental and Leasing |
0.7 |
1 |
|
|
Branch |
|
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Airlines |
12.4 |
222 |
|
|
Branch |
|
|
Schools |
|
200 |
|
|
Branch |
|
|
Retail (Specialty) |
0.6 |
175 |
|
|
Branch |
|
|
Airlines |
6.1 |
120 |
|
|
Branch |
|
|
Aerospace and Defense |
44.0 |
110 |
|
|
Branch |
|
|
Airlines |
7.3 |
103 |
|
|
Branch |
|
|
Airlines |
5.3 |
100 |
|
|
Subsidiary |
Le Bourget |
|
Appliance and Tool |
29.5 |
74 |
|
|
Branch |
|
|
Aerospace and Defense |
20.0 |
60 |
|
|
Branch |
|
|
Aerospace and Defense |
17.7 |
60 |
|
|
Division |
|
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Engineering Consultants |
0.6 |
25 |
|
|
Branch |
|
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Personal Services |
|
12 |
|
|
Branch |
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Aerospace and Defense |
2.5 |
9 |
|
|
Branch |
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Schools |
|
7 |
|
|
Branch |
|
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Aerospace and Defense |
1.4 |
5 |
|
|
Branch |
|
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Miscellaneous Transportation |
2.1 |
1 |
|
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Branch |
Grapevine, TX |
|
Retail (Specialty) |
0.6 |
1 |
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|
Branch |
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Retail (Specialty) |
0.6 |
1 |
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|
Branch |
|
|
Retail (Specialty) |
0.6 |
1 |
|
|
Branch |
|
|
Retail (Specialty) |
0.6 |
1 |
|
|
Branch |
|
|
Retail (Specialty) |
0.6 |
1 |
|
|
Branch |
|
|
Retail (Specialty) |
0.5 |
1 |
|
|
Branch |
|
|
Retail (Specialty) |
0.5 |
1 |
|
|
Branch |
|
|
Retail (Specialty) |
0.5 |
1 |
|
|
Branch |
|
|
Retail (Specialty) |
0.5 |
1 |
|
|
Branch |
|
|
Aerospace and Defense |
0.4 |
1 |
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|
Branch |
|
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Aerospace and Defense |
0.4 |
1 |
|
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Subsidiary |
|
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Aerospace and Defense |
2,850.0 |
8,000 |
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Subsidiary |
|
|
Aerospace and Defense |
517.3 |
1,580 |
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|
Branch |
|
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Aerospace and Defense |
481.6 |
800 |
|
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Subsidiary |
Piney Flats, TN |
|
Aerospace and Defense |
|
250 |
|
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Branch |
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Chemical Manufacturing |
86.5 |
40 |
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Branch |
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Airlines |
1.4 |
23 |
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|
Branch |
|
|
Airlines |
2.7 |
40 |
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Subsidiary |
|
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Aerospace and Defense |
123.5 |
34 |
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Subsidiary |
|
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Aerospace and Defense |
5.9 |
30 |
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|
Subsidiary |
|
|
Aerospace and Defense |
|
30 |
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Branch |
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Aerospace and Defense |
1.7 |
6 |
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Subsidiary |
Praha 6 |
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Engineering Consultants |
6.6 |
24 |
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Joint Venture |
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Aerospace and Defense |
4.8 |
8 |
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Branch |
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Miscellaneous Transportation |
1.1 |
5 |
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Branch |
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Rental and Leasing |
0.7 |
3 |
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Branch |
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Aerospace and Defense |
0.8 |
2 |
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Branch |
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Aerospace and Defense |
0.6 |
2 |
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|
Branch |
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Aerospace and Defense |
0.6 |
1 |
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Branch |
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Retail (Specialty) |
0.6 |
1 |
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Branch |
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Retail (Specialty) |
0.6 |
1 |
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Branch |
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Retail (Specialty) |
0.5 |
1 |
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Subsidiary |
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Business Services |
0.3 |
1 |
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Branch |
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Aerospace and Defense |
|
1 |
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Subsidiary |
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Aerospace and Defense |
2,850.0 |
5,000 |
|
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Subsidiary |
|
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Miscellaneous Capital Goods |
|
4,000 |
|
|
Branch |
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Miscellaneous Capital Goods |
2.9 |
200 |
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Subsidiary |
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Fabricated Plastic and Rubber |
558.6 |
1,500 |
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Subsidiary |
|
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Miscellaneous Financial Services |
1,648.6 |
500 |
|
|
Kautex Textron Management Services Company De
Puebla, S. De R. L. De C.V. |
Subsidiary |
|
|
Business Services |
|
300 |
|
Subsidiary |
Tessenderlo |
|
Fabricated Plastic and Rubber |
147.3 |
225 |
|
|
Subsidiary |
|
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Auto and Truck Parts |
511.0 |
200 |
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Subsidiary |
Martorell, |
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Chemical Manufacturing |
80.3 |
148 |
|
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Subsidiary |
Guararema, |
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Fabricated Plastic and Rubber |
50.6 |
130 |
|
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Subsidiary |
|
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Auto and Truck Parts |
|
100 |
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Branch |
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Auto and Truck Parts |
593.9 |
300 |
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Subsidiary |
Frankfurt Am |
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Commercial Banks |
|
2 |
|
|
Subsidiary |
|
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Miscellaneous Financial Services |
517.2 |
1,500 |
|
|
Subsidiary |
|
|
Miscellaneous Capital Goods |
|
180 |
|
|
Subsidiary |
|
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Scientific and Technical Instruments |
33.8 |
61 |
|
|
Division |
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Communications Equipment |
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|
Division |
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Aerospace and Defense |
|
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|
Division |
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Scientific and Technical Instruments |
|
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Subsidiary |
|
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Recreational Products |
123.0 |
1,100 |
|
|
Branch |
|
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Retail (Specialty) |
1.9 |
101 |
|
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Branch |
Falconer, NY |
|
Retail (Specialty) |
7.9 |
20 |
|
|
Branch |
|
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Auto and Truck Manufacturers |
18.2 |
16 |
|
|
Branch |
|
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Retail (Specialty) |
5.9 |
15 |
|
|
Branch |
|
|
Retail (Specialty) |
5.0 |
14 |
|
|
Branch |
|
|
Retail (Specialty) |
2.1 |
6 |
|
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Subsidiary |
|
|
Retail (Specialty) |
2.0 |
5 |
|
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Branch |
|
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Retail (Specialty) |
2.0 |
5 |
|
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Branch |
Winder, GA |
|
Retail (Specialty) |
1.9 |
5 |
|
|
Branch |
|
|
Retail (Specialty) |
1.1 |
3 |
|
|
Branch |
|
|
Retail (Specialty) |
1.8 |
1 |
|
|
Branch |
|
|
Retail (Specialty) |
0.4 |
1 |
|
|
Branch |
|
|
Retail (Specialty) |
0.4 |
1 |
|
|
Branch |
|
|
Retail (Specialty) |
0.4 |
1 |
|
|
Branch |
|
|
Retail (Specialty) |
0.4 |
1 |
|
|
Subsidiary |
|
|
Aerospace and Defense |
2,137.0 |
1,000 |
|
|
Subsidiary |
|
|
Aerospace and Defense |
564.0 |
2,600 |
|
|
Subsidiary |
|
|
Miscellaneous Capital Goods |
7.5 |
49 |
|
|
Branch |
|
|
Miscellaneous Capital Goods |
15.4 |
40 |
|
|
Subsidiary |
|
|
Business Services |
2.0 |
40 |
|
|
Subsidiary |
|
|
Aerospace and Defense |
63.3 |
53 |
|
|
Subsidiary |
Notting Hill, VIC |
|
Aerospace and Defense |
3.3 |
28 |
|
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Branch |
Lewis Mcchord, WA |
|
Business Services |
0.7 |
6 |
|
|
Branch |
|
|
Business Services |
0.6 |
6 |
|
|
Branch |
|
|
Airlines |
0.2 |
3 |
|
|
Branch |
|
|
Biotechnology and Drugs |
|
30 |
|
|
Branch |
|
|
Scientific and Technical Instruments |
8.0 |
15 |
|
|
Branch |
|
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Recreational Products |
1.3 |
7 |
|
|
Branch |
|
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Scientific and Technical Instruments |
2.0 |
6 |
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|
Branch |
|
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Scientific and Technical Instruments |
0.5 |
2 |
|
|
Branch |
|
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Water Transportation |
0.5 |
2 |
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|
Branch |
|
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Scientific and Technical Instruments |
0.3 |
1 |
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Subsidiary |
|
|
Miscellaneous Fabricated Products |
75.0 |
900 |
|
|
Branch |
|
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Scientific and Technical Instruments |
3.0 |
115 |
|
|
Branch |
|
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Appliance and Tool |
21.7 |
100 |
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|
Branch |
|
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Electronic Instruments and Controls |
58.8 |
50 |
|
|
Branch |
|
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Electronic Instruments and Controls |
15.4 |
6 |
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|
Branch |
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Appliance and Tool |
1.3 |
6 |
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Subsidiary |
|
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Construction Services |
|
|
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|
Subsidiary |
|
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Miscellaneous Financial Services |
207.0 |
740 |
|
|
Subsidiary |
|
|
Consumer Financial Services |
|
550 |
|
|
Branch |
|
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Consumer Financial Services |
|
280 |
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|
Branch |
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Consumer Financial Services |
|
80 |
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|
Branch |
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Consumer Financial Services |
|
80 |
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Branch |
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Consumer Financial Services |
|
80 |
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Branch |
Glen Arm, MD |
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Consumer Financial Services |
|
80 |
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|
Branch |
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Consumer Financial Services |
|
80 |
|
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Subsidiary |
|
|
Consumer Financial Services |
|
60 |
|
|
Subsidiary |
|
|
Miscellaneous Financial Services |
|
50 |
|
|
Subsidiary |
|
|
Business Services |
|
50 |
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Branch |
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Consumer Financial Services |
|
42 |
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Branch |
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Consumer Financial Services |
|
40 |
|
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Subsidiary |
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Consumer Financial Services |
|
3 |
|
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Branch |
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Consumer Financial Services |
|
1 |
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Subsidiary |
|
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Appliance and Tool |
2.3 |
540 |
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|
Subsidiary |
|
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Aerospace and Defense |
291.8 |
500 |
|
|
Subsidiary |
|
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Recreational Products |
4.9 |
450 |
|
|
Subsidiary |
|
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Aerospace and Defense |
161.6 |
442 |
|
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Subsidiary |
|
|
Miscellaneous Capital Goods |
2.9 |
250 |
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|
Subsidiary |
|
|
Miscellaneous Fabricated Products |
494.2 |
210 |
|
|
Subsidiary |
|
|
Miscellaneous Capital Goods |
|
200 |
|
|
Subsidiary |
|
|
Miscellaneous Fabricated Products |
25.2 |
149 |
|
|
Subsidiary |
|
|
Software and Programming |
20.4 |
130 |
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|
Branch |
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Software and Programming |
2.9 |
65 |
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|
Branch |
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Software and Programming |
4.0 |
30 |
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|
Branch |
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Software and Programming |
2.9 |
12 |
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Subsidiary |
|
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Scientific and Technical Instruments |
28.2 |
115 |
|
|
Subsidiary |
|
|
Scientific and Technical Instruments |
|
110 |
|
|
Subsidiary |
|
|
Construction and Agriculture Machinery |
35.2 |
104 |
|
|
Subsidiary |
|
|
Electronic Instruments and Controls |
|
16 |
|
|
Subsidiary |
|
|
Miscellaneous Capital Goods |
2.1 |
2 |
|
|
Subsidiary |
|
|
Miscellaneous Capital Goods |
|
80 |
|
|
Subsidiary |
|
|
Miscellaneous Fabricated Products |
23.2 |
70 |
|
|
Subsidiary |
|
|
Auto and Truck Parts |
13.5 |
65 |
|
|
Subsidiary |
Brugherio, |
|
Miscellaneous Fabricated Products |
24.7 |
35 |
|
|
Subsidiary |
|
|
Aerospace and Defense |
|
25 |
|
|
Subsidiary |
|
|
Miscellaneous Fabricated Products |
8.5 |
21 |
|
|
Subsidiary |
Badhoevedorp |
|
Aerospace and Defense |
57.2 |
18 |
|
|
Subsidiary |
Creutzwald |
|
Construction and Agriculture Machinery |
14.2 |
14 |
|
|
Subsidiary |
|
|
|
1.4 |
8 |
|
|
Subsidiary |
|
|
Investment Services |
0.2 |
4 |
|
|
Subsidiary |
|
|
Miscellaneous Financial Services |
|
750 |
|
|
Subsidiary |
|
|
Auto and Truck Parts |
9.2 |
323 |
|
|
Subsidiary |
|
|
Auto and Truck Manufacturers |
|
|
|
|
Subsidiary |
|
|
Miscellaneous Capital Goods |
35.0 |
500 |
|
|
Subsidiary |
|
|
Auto and Truck Parts |
|
350 |
|
|
Subsidiary |
Knezmost |
|
Auto and Truck Manufacturers |
|
200 |
|
|
Subsidiary |
|
|
Miscellaneous Capital Goods |
1.0 |
90 |
|
|
Subsidiary |
|
|
Investment Services |
|
6 |
|
|
Subsidiary |
|
|
Construction and Agriculture Machinery |
|
350 |
|
|
Subsidiary |
|
|
Aerospace and Defense |
|
4 |
|
|
Subsidiary |
|
|
Business Services |
0.1 |
1 |
|
|
Subsidiary |
|
|
Business Services |
|
|
|
|
Subsidiary |
|
|
Miscellaneous Fabricated Products |
6.0 |
12 |
|
|
Subsidiary |
Liversedge |
|
Fabricated Plastic and Rubber |
44.2 |
96 |
|
|
Subsidiary |
|
|
Electronic Instruments and Controls |
1.5 |
12 |
|
|
Subsidiary |
|
|
Electronic Instruments and Controls |
9.7 |
15 |
|
|
Subsidiary |
|
|
Investment Services |
|
|
|
|
Subsidiary |
Warminster |
|
Aerospace and Defense |
3.3 |
11 |
|
|
Subsidiary |
|
|
Commercial Banks |
|
|
|
|
Subsidiary |
|
|
Miscellaneous Capital Goods |
101.2 |
280 |
|
|
Subsidiary |
|
|
Aerospace and Defense |
16.8 |
14 |
|
|
Subsidiary |
|
|
Investment Services |
|
|
|
|
Subsidiary |
|
|
Real Estate Operations |
|
|
|
|
Subsidiary |
|
|
|
|
|
|
|
Subsidiary |
|
|
Aerospace and Defense |
|
|
|
|
Subsidiary |
Badhoevedorp, Noord-Holland |
|
Aerospace and Defense |
|
|
|
|
Subsidiary |
|
|
Investment Services |
|
1 |
|
|
Subsidiary |
|
|
Business Services |
|
2 |
|
|
Subsidiary |
|
|
Aerospace and Defense |
|
|
|
|
Subsidiary |
|
|
Aerospace and Defense |
|
|
Executives Report
|
Annual Profit & Loss
|
|
31-Mar-2011 |
31-Dec-2009 |
31-Dec-2008 |
|
Period Length |
15 Months |
12 Months |
12 Months |
|
Filed Currency |
SEK |
SEK |
SEK |
|
Exchange Rate
(Period Average) |
7.033019 |
7.645194 |
6.599156 |
|
Consolidated |
Yes |
Yes |
Yes |
|
|
|
|
|
|
Total Revenue |
35.9 |
30.5 |
41.2 |
|
Gross Profit |
0.3 |
-0.5 |
1.5 |
|
Net Financial Items |
0.3 |
-0.1 |
-0.1 |
|
Operating Income |
-0.2 |
-0.8 |
1.0 |
|
Income Before Tax |
0.1 |
-1.0 |
0.8 |
|
Net Income |
-0.1 |
-1.1 |
0.5 |
|
|
|
Annual Balance
Sheet |
|
Financials in:
USD (mil) |
|
|
|
|
|
31-Mar-2011 |
31-Dec-2009 |
31-Dec-2008 |
|
Filed Currency |
SEK |
SEK |
SEK |
|
Exchange Rate |
6.3084 |
7.1401 |
7.90795 |
|
Consolidated |
Yes |
Yes |
Yes |
|
|
|
|
|
|
Total Assets |
20.8 |
18.1 |
18.6 |
|
Total Liabilities |
12.4 |
9.8 |
9.7 |
|
Total Equity |
8.4 |
8.4 |
8.8 |
|
|
|
Annual Ratios |
|
|
|
|
31-Mar-2011 |
31-Dec-2009 |
31-Dec-2008 |
|
Period Length |
15 Months |
12 Months |
12 Months |
|
Filed Currency |
- |
- |
- |
|
Exchange Rate |
- |
- |
- |
|
Consolidated |
Yes |
Yes |
Yes |
|
|
|
|
|
|
Operating Margin |
1.37 |
-2.56 |
2.95 |
|
Current Ratio |
328.71 |
368.40 |
326.95 |
|
Total debt/total equity |
40.47 |
46.21 |
47.53 |
|
Return on average equity |
1.50 |
-12.38 |
7.82 |
|
|
|
Annual Growth
Rates |
|
|
|
|
31-Dec-2009 |
31-Dec-2008 |
|
Period Length |
12 Months |
12 Months |
|
Filed Currency |
- |
- |
|
Exchange Rate |
- |
- |
|
Consolidated |
Yes |
Yes |
|
|
|
|
|
Turnover Percent Change |
8.11% |
-14.18% |
|
Marginal Contribution Percent Change |
148.34% |
-136.84% |
|
Net Financial Items Percent Change |
324.04% |
-25.33% |
|
Operating Results Percent Change |
78.91% |
-201.24% |
|
Profit/Loss Before Tax Percent Change |
113.46% |
-235.86% |
|
Profit/Loss for the Year Percent Change |
94.76% |
-357.77% |
|
Assets Percent Change |
1.19% |
-11.78% |
|
Debts Percent Change |
11.99% |
-9.56% |
|
Equity Capital Percent Change |
-11.39% |
-14.22% |
|
Operating Margin Percent Change |
153.52% |
-186.78% |
|
Current Ratio Percent Change |
-10.77% |
12.68% |
|
Debt/Equity Ratio Percent Change |
-12.42% |
-2.78% |
|
Retun On Equity Percent Change |
112.12% |
-258.31% |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.08 |
|
|
1 |
Rs.89.53 |
|
Euro |
1 |
Rs.72.77 |
INFORMATION DETAILS
|
Report
Prepared by : |
PRL |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.