MIRA INFORM REPORT

 

 

Report Date :

21.06.2012

 

IDENTIFICATION DETAILS

 

Name :

DISA INDUSTRIES AS

 

 

Formerly Known As :

Georg Fischer Disa A/S

 

 

Registered Office :

Herlev Hovedgade 17, Dk-2730 Herlev

 

 

Country :

Denmark

 

 

Financials (as on) :

31.12.2011

 

 

Year of Establishment :

1995

 

 

Com. Reg. No.:

AS223.575

 

 

Legal Form :

Private limited company

 

 

Line of Business :

Production and trade of machines and equipments for iron- and metal foundries.

 

 

No. of Employees :

344

 

RATING & COMMENTS

 

MIRA’s 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)

Denmark

A2

A2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 


Company summary

 

COMPANY’S NAME                            DISA INDUSTRIES A/S

                                                        

ADDRESS                                         Herlev Hovedgade 17

                                                         DK-2730 HERLEV

                                                        

TELEPHONE NO                                +45 44 50 50 50

 

TELEFAX NO                                     +45 44 94 52 25

 

E-MAIL-ADDRESS                             disa.industries@disagroup.com

 

LOCAL CURRENCY                           D K K      

 

FOUNDATION                                    Originally 1995 as Disa Technologies A/S,

                                                         changed to Georg Fischer Disa A/S in 1996 and

                                                         again to heading name in 2001.

                                                        

CENTRAL BUSINESS-REG-NO           18-80-29-96

 

COMPANY REG-NO                           AS223.575

 

EU-VAT-ID-NO                                   DK18802996

 

LEGAL FORM                                    Private limited company

 

SHARE CAPITAL                               DKK 30.000.000

 

PARENT COMPANY                          DISA HOLDING AG, Zurich, Switzerland 100%

                                                         Ultimative group-parent is DK31 28 60 34,

                                                         NORICAN HOLDINGS ApS

 

AUDITORS                                         Deloitte

                                                         Weidekampsgade 6

                                                         2300 KOPENHAGEN S

 

BOARD OF DIRECTORS                    Anders Dommerby, chairman

                                                         Jan Johansen

                                                         Dagmar M. Møller

                                                         Erik Andersen

                                                         Per Løfstrøm Sørensen

 

MANAGING DIRECTORS                    Peter Holm Larsen

                                                        

ACTIVITY                                           Production and trade of machines and

                                                         equipments for iron- and metal foundries.

 

TRADING-STYLES                             Disa Ejendomme A/S

                                                         Disa Elektronik A/S

                                                         Disa Hærderi A/S

                                                         Disa Tools A/S

                                                        

EMPLOYEES                                    344

 

 

COMPANY’S NAME                              DISA INDUSTRIES A/S

 

 

TURNOVER                                       2007 DKK 522.000.000,00

                                                         2008 DKK 552.700.000,00

                                                         2009 DKK 425.200.000,00

                                                         2010 DKK 442.000.000,00

                                                         2011 DKK 670.100.000,00

 

SUBSIDIARIES                                  None

 

FINANCIAL STANDING                       The financial standing is sound.

 

ACCOUNTS                                       See latest published figures on page 3.

 

REAL ESTATE                                   Not registered

 

PAYMENTS                                       No official remarks have been noted.

 

BANKERS                                         Danske Bank A/S

                                                         Nordea Bank Danmark A/S

 

 

Financial data

 

ACCOUNTS CLOSED AT                  31.12.2011  31.12.2010 

 

EXTRACT IN 1000 DKK

 

PROFIT & LOSS ACCOUNT

 

GROSS RESULTS                       242.111     168.270

 

OPERATING RESULTS                   44.769        21.308

 

RESULTS BEFORE TAXES                37.068        12.261

 

YEAR’S NET RESULT                   27.627      9.300

 

TOTAL ASSETS                        506.221     416.364             

 

ASSETS

 

FIXED ASSETS                        38.387      25.504

-Tangible assets                    14.022      6.363

-Financial assets                    0             0

-Intangible assets                  24.365        19.141

 

CURRENT ASSETS                     467.834       390.860

-Current receivables                91.668        96.838

-Inventories                       147.534       112.716

-Cash, bank etc.                   228.632       181.306

 

EQUITY & LIABILITIES

 

SHORTTERM LIABILITIES              363.760       305.123

-Suppliers                          39.391        47.776

-Group companies                   132.229       102.071

 

LONGTERM LIABILITIES                 0             0

                   

PROVISIONS/RESERVES                 13.118      9.714

 

DEFERRED TAX                         3.083         0

 

SHAREHOLDER’S EQUITY                126.260     101.527

 

                           

 

 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.55.86

UK Pound

1

Rs.87.93

Euro

1

Rs.70.88

 

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.