MIRA
INFORM REPORT
|
Report Date : |
09.06.2012 |
IDENTIFICATION DETAILS
|
Name : |
ALIMAK HEK GROUP AB |
|
|
|
|
Registered Office : |
Brunkebergstorg 5 |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2010 |
|
|
|
|
Year of Establishment : |
1956 |
|
|
|
|
Com. Reg. No.: |
5560641739 |
|
|
|
|
Legal Form : |
Public Parent |
|
|
|
|
Line of Business : |
Manufacture of machinery for mining, quarrying and construction |
|
|
|
|
No. of Employees : |
887 |
RATING & COMMENTS
|
MIRAs Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
Payment Behaviour : |
No Complaints |
|
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 |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
Company name and address
Alimak Hek Group AB
|
|
|
||||||||||||||||||||||||||||||||||||||||||||
Business Description
|
Development, manufacture and marketing of rack and pinion operated
building elevators and permanently installed elevators, work platforms and
equipment for underground working |
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
|
News
|
1 - Profit &
Loss Item Exchange Rate: USD 1 = SEK 7.645194
2 - Balance Sheet Item Exchange Rate: USD 1 = SEK 7.1401
Corporate Overview
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Corporate Structure News
|
Alimak Hek Group
AB |
|
|
|
Company Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
|
Parent |
Stockholm |
Sweden |
Construction and Agriculture Machinery |
210.7 |
887 |
|
|
Subsidiary |
Houston, TX |
United States |
Miscellaneous Capital Goods |
22.5 |
74 |
|
|
Branch |
Watkinsville, GA |
United States |
Construction Services |
2.4 |
13 |
|
|
Division |
Huntington Beach, CA |
United States |
Miscellaneous Capital Goods |
|
|
Executives Report
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Annual Profit & Loss
|
|
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
|
Period Length |
12 Months |
12 Months |
12 Months |
|
Filed Currency |
SEK |
SEK |
SEK |
|
Exchange Rate
(Period Average) |
7.206564 |
7.645194 |
6.599156 |
|
Consolidated |
No |
No |
No |
|
|
|
|
|
|
Total Revenue |
4.2 |
3.2 |
4.3 |
|
Gross Profit |
-2.4 |
-4.3 |
-8.2 |
|
Net Financial Items |
4.0 |
0.2 |
1.3 |
|
Operating Income |
-2.5 |
-4.3 |
-8.2 |
|
Income Before Tax |
1.5 |
-4.1 |
-3.4 |
|
Net Income |
2.3 |
-2.9 |
-2.6 |
|
|
|
Annual Balance
Sheet |
|
Financials in: USD
(mil) |
|
|
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
|
Filed Currency |
SEK |
SEK |
SEK |
|
Exchange Rate |
6.72285 |
7.1401 |
7.90795 |
|
Consolidated |
No |
No |
No |
|
|
|
|
|
|
Total Assets |
137.4 |
125.9 |
109.7 |
|
Total Liabilities |
48.4 |
46.5 |
38.9 |
|
Total Equity |
89.1 |
79.4 |
70.9 |
|
|
|
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 |
105.69 |
-11.82 |
-103.92 |
|
Current Ratio |
146.62 |
136.91 |
140.31 |
|
Total debt/total equity |
64.82 |
63.04 |
64.57 |
|
Return on average equity |
1.78 |
-5.59 |
-8.18 |
|
|
|
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 |
21.93% |
-14.02% |
|
Marginal Contribution Percent Change |
46.77% |
39.41% |
|
Net Financial Items Percent Change |
1,708.87% |
-81.63% |
|
Operating Results Percent Change |
46.17% |
38.91% |
|
Profit/Loss Before Tax Percent Change |
133.65% |
-42.95% |
|
Profit/Loss for the Year Percent Change |
174.66% |
-30.76% |
|
Assets Percent Change |
2.77% |
3.58% |
|
Debts Percent Change |
-2.16% |
8.05% |
|
Equity Capital Percent Change |
5.67% |
1.13% |
|
Operating Margin Percent Change |
994.16% |
88.63% |
|
Current Ratio Percent Change |
7.09% |
-2.42% |
|
Debt/Equity Ratio Percent Change |
2.82% |
-2.37% |
|
Retun On Equity Percent Change |
131.84% |
31.66% |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.36 |
|
|
1 |
Rs.85.64 |
|
Euro |
1 |
Rs.69.21 |
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 SCs 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.