MIRA INFORM REPORT
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Report Date : |
21.01.2012 |
IDENTIFICATION DETAILS
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Name : |
CHRIS-MARINE AB |
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Registered Office : |
Stenyxeg 3, Malmo 21376 |
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Country : |
Sweden |
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Financials (as on) : |
31.12.2010 |
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Year of Establishment : |
1964 |
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Com. Reg. No.: |
5560945098 |
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Legal Form : |
Private Subsidiary |
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Line of Business : |
Manufacturing Internal Combustion Engines (Except
Automotive Gasoline And Aircraft). |
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No. of Employees : |
52 |
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 (30.06.2011) |
Current Rating (30.09.2011) |
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Sweden |
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 &
address
CHRIS-MARINE AB
Stenyxeg 3, Malmo 21376
Swden
Tel: + 46 40 671 26 00
Fax: +46 40 671 26 99
Synthesis
Employees : 52
Company Type : Private Subsidiary
Corporate Family : 2 Companies
Ultimate Parent : Chris-Marine Holding AB
Incorporation Date : 1964
Financials in : USD (Millions)
Fiscal Year End : 31-Dec-2010
Reporting Currency: Swedish Krona
Annual Sales : 14.8
Net Income : 2.7
Total Assets : 24.7
Business Description
Chris-Marine AB is primarily engaged in manufacturing
internal combustion engines (except automotive gasoline and aircraft).
Industry
Industry Miscellaneous Capital Goods
ANZSIC 2006: 2499 - Other Machinery and Equipment Manufacturing Not Elsewhere Classified
NACE 2002: 2911 - Manufacture of engines and turbines, except aircraft, vehicle and cycle engines
NAICS 2002: 333618 - Other Engine Equipment Manufacturing
UK SIC 2003: 2911 - Manufacture of engines and turbines, except aircraft, vehicle and cycle engines
US SIC 1987: 3519 - Internal Combustion Engines, Not Elsewhere Classified
Key Executives
Name Title
Leif
Olsson verkst
dir
Carina
Roos Finance
Manager
Karina
Linner marknadsdir,
ledamot
David
Hamrelius IT Manager
Ossi
Yngve Mornesten Ledamot och
Ordforande
Registered
No.(SWE): 5560945098
1 - Profit & Loss Item Exchange Rate: USD 1 = SEK 7.206564
2 - Balance Sheet Item Exchange Rate: USD 1 = SEK 6.72285
Corporate Overview
Location
Stenyxeg 3
Malmo 21376
Sweden
Tel: +46 40 671 26 00
Fax: +46 40 671 26 99
Web: www.chris-marine.com
Sales SEK(mil) : 106
Assets SEK(mil) : 165.8
Employees : 52
Fiscal Year End : 31-Dec-2010
Industry : Miscellaneous Capital Goods
Incorporation Date :1964
Company Type : Private Subsidiary
Quoted Status : Not Quoted
Registered No.(SWE) :5560945098
verkst dir : Leif Olsson
Contents
Industry Codes
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Business Description
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FINANCIAL DATA
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Financials in: |
SEK(mil) |
1 Year Growth |
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Revenue: |
106.5 |
NA |
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Net Income: |
19.6 |
NA |
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Assets: |
165.8 |
NA |
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Total Liabilities: |
83.0 |
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Date of Financial Data: |
31-Dec-2010 |
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Corporate Family |
Corporate Structure News: |
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Chris-Marine AB
Total Corporate Family Members: 2
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Company Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
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Chris-Marine Holding AB |
Parent |
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Subsidiary |
Malmo Skane |
Sweden |
Miscellaneous Capital Goods |
14.8 |
52 |
Executive report
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Board of Directors |
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marknadsdir, ledamot |
Director/Board Member |
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ledamot och ordforande |
Director/Board Member |
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Executives |
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verkst dir |
Managing Director |
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Finance Manager |
Finance Executive |
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marknadsdir, ledamot |
Sales Executive |
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IT Manager |
Information Executive |
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 |
SEK |
SEK |
SEK |
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Exchange Rate (Period Average) |
7.206564 |
7.645194 |
6.599156 |
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Consolidated |
Yes |
Yes |
Yes |
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Total Revenue |
22.9 |
23.0 |
19.5 |
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Gross Profit |
4.6 |
5.5 |
4.7 |
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Net Financial Items |
0.6 |
-0.1 |
0.1 |
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Operating Income |
3.5 |
4.5 |
4.4 |
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Income Before Tax |
4.1 |
4.4 |
4.4 |
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Net Income |
2.7 |
3.1 |
3.2 |
Annual Balance Sheet
Financials in: USD (mil)
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31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
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Filed Currency |
SEK |
SEK |
SEK |
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Exchange Rate |
6.72285 |
7.1401 |
7.90795 |
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Consolidated |
Yes |
Yes |
Yes |
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Total Assets |
24.7 |
23.5 |
20.8 |
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Total Liabilities |
12.4 |
12.1 |
12.9 |
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Total Equity |
12.3 |
11.3 |
7.9 |
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 |
Yes |
Yes |
Yes |
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Operating Margin |
18.91 |
20.72 |
22.99 |
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Current Ratio |
170.29 |
167.42 |
109.22 |
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Total debt/total equity |
49.91 |
48.35 |
37.87 |
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Return on average equity |
35.81 |
41.94 |
47.04 |
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 |
Yes |
Yes |
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Turnover Percent Change |
-6.44% |
37.02% |
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Marginal Contribution Percent Change |
-20.41% |
35.82% |
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Net Financial Items Percent Change |
1,076.98% |
-179.43% |
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Operating Results Percent Change |
-25.72% |
19.75% |
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Profit/Loss Before Tax Percent Change |
-12.82% |
16.17% |
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Profit/Loss for the Year Percent Change |
-17.40% |
12.63% |
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Assets Percent Change |
-1.07% |
2.05% |
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Debts Percent Change |
-4.06% |
-15.16% |
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Equity Capital Percent Change |
2.12% |
30.28% |
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Operating Margin Percent Change |
-8.74% |
-9.87% |
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Current Ratio Percent Change |
1.71% |
53.29% |
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Debt/Equity Ratio Percent Change |
3.23% |
27.67% |
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Retun On Equity Percent Change |
-14.62% |
-10.84% |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.50.32 |
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UK Pound |
1 |
Rs.77.96 |
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Euro |
1 |
Rs.65.30 |
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 |
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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.