MIRA
INFORM REPORT
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Report Date : |
07.09.2012 |
IDENTIFICATION DETAILS
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Name : |
ROBLON AS
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Registered Office : |
Nordhavnsvej 1, PO Box 120, Frederikshavn, 9900 |
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Country : |
Denmark |
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Financials (as on) : |
31.10.2011 |
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Year of Establishment : |
1954 |
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Com. Reg. No.: |
57068515 |
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Legal Form : |
Public Independent Company |
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Line of Business : |
manufacture of fiber optic lighting, industrial fiber
products, and machinery for the production of cables, ropes and cordage |
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No. of Employees : |
125 employees |
RATING & COMMENTS
|
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 – March 31st, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
|
Denmark |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
|
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 |
denmark - ECONOMIC OVERVIEW
This thoroughly modern market economy features a high-tech agricultural
sector, state-of-the-art industry with world-leading firms in pharmaceuticals,
maritime shipping and renewable energy, and a high dependence on foreign trade.
Denmark is a member of the European Union (EU); Danish legislation and
regulations conform to EU standards on almost all issues. Danes enjoy among the
highest standards of living in the world and the Danish economy is
characterized by extensive government welfare measures and an equitable
distribution of income. Denmark is a net exporter of food and energy and enjoys
a comfortable balance of payments surplus but depends on imports of raw
materials for the manufacturing sector. Within the EU, Denmark is among the
strongest supporters of trade liberalization. After a long consumption-driven
upswing, Denmark's economy began slowing in 2007 with the end of a housing
boom. Housing prices dropped markedly in 2008-09 and, following a short respite
in 2010, continued to decline in 2011 though at a slower pace. The global
financial crisis has exacerbated this cyclical slowdown through increased
borrowing costs and lower export demand, consumer confidence, and investment.
The global financial crises cut Danish real GDP by 0.8% in 2008 and 5.8% in
2009. Denmark made a modest recovery in 2010 with real GDP growth of 1.3%, in
part because of increased government spending; however, the country experienced
a technical recession in late 2010-early 2011. Historically low levels of
unemployment rose sharply with the recession and have remained at about 6% in
2010-11, based on the national measure, about two-thirds average EU
unemployment. An impending decline in the ratio of workers to retirees will be
a major long-term issue. Denmark maintained a healthy budget surplus for many
years up to 2008, but the budget balance swung into deficit in 2009. In spite
of the deficits, the new coalition government plans to deliver a modest
stimulus to the economy in 2012. Nonetheless, Denmark's fiscal position remains
among the strongest in the EU at 46.5% of GDP in 2011. Despite previously
meeting the criteria to join the European Economic and Monetary Union (EMU), so
far Denmark has decided not to join, although the Danish krone
remains pegged to the euro. Denmark held the EU presidency during the first
half of 2012; priorities included promoting a responsible, dynamic, green, and
safe Europe, while working to steer Europe out of its euro zone economic
crisis.
|
Source : CIA |
Company name & address
Roblon A/S
Nordhavnsvej 1,
PO Box 120
Frederikshavn, 9900
Denmark
Tel: 45 96 20 33 00
Fax: 45 96 20 33 99
Web: www.roblon.com
Synthesis
Employees: 125
Company Type: Public Independent
Traded: Copenhagen
Stock Exchange: RBLN B
Incorporation Date: 1954
Auditor: Deloitte Statsautoriserte
Revisorer AS
Financials in: USD
(Millions)
Fiscal Year End:
31-Oct-2011
Reporting Currency: Danish Krone
Annual Sales: 41.8
1
Net Income: 5.2
Total Assets:
45.4 2
Market Value: 35.9 (17-Aug-2012)
Business Description
Roblon A/S is a Denmark-based company engaged in
the manufacture of fiber optic lighting, industrial fiber products, and
machinery for the production of cables, ropes and cordage. It operates within
three principal divisions: Roblon Industrial Fiber, Roblon Lighting (Fiber Optics) and Roblon
Engineering. Roblon Industrial Fiber develops,
manufactures and sells flexible fiber products, which can transmit or absorb
force. The products are based on synthetic fibers, often impregnated or
otherwise coated. The products are primarily directed at the cable and offshore
industries. The Roblon Lighting (Fiber Optics)
division manufactures advanced fiber optic illumination systems. Roblon Engineering develops, manufactures and supplies
solutions for the production of cables, ropes and related products. Its
solutions are delivered to customers worldwide, either as line components or
complete production lines. For the six months ended 30 April 2012, Roblon A/S revenues totaled DKR120.3M. Net income totaled
to DKR13.4M. Revenues reflect market conditions.
Industry
Industry Chemicals - Plastics and Rubber
ANZSIC 2006: 1829 - Other Basic
Polymer Manufacturing
NACE 2002: 2470 - Manufacture
of man-made fibres
NAICS 2002: 325222 - Noncellulosic Organic Fiber Manufacturing
UK SIC 2003: 2470 - Manufacture
of man-made fibres
UK SIC 2007: 2060 - Manufacture
of man-made fibres
US SIC 1987: 2824 - Manmade
Organic Fibers, Except Cellulosic
Key Executives
|
Name |
Title |
|
Jens-Ole Soerensen |
Managing Director, Chief Executive Officer |
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Flemming K. Bertelsen |
Managing Director & Chief Executive
Officer |
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Carsten Dragsbæk |
(Industry) |
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Peter Heidemann |
IT Manager |
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Orla Holm Jensen |
(Industry) |
Significant developments
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* number of significant developments within the last 12 months
Financial Summary
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Stock Snapshot
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Registered
No.(DNK): 57068515
1 - Profit & Loss Item Exchange Rate: USD 1 = DKK 5.354973
2 - Balance Sheet Item Exchange Rate: USD 1 = DKK 5.3346
Corporate Overview
Location
Nordhavnsvej 1,
PO Box 120
Frederikshavn, 9900
Denmark
Tel: 45 96 20 33 00
Fax: 45 96 20 33 99
Web: www.roblon.com
Quote Symbol - Exchange
RBLN B -
Copenhagen Stock Exchange
Sales DKK(mil): 223.8
Assets DKK(mil): 242.0
Employees: 125
Fiscal Year End: 31-Oct-2011
Industry: Chemicals
- Plastics and Rubber
Incorporation Date: 1954
Company Type: Public
Independent
Quoted Status: Quoted
Registered No.(DNK): 57068515
Managing Director,
Chief Executive Officer: Jens-Ole
Soerensen
Company Web Links
Company Contact/E-mail
Corporate History/Profile
Executives
Financial Information
Home Page
Investor Relations
News Releases
Products/Services
Contents
Industry Codes
Business Description
Financial Data
Market Data
Shareholders
Key Corporate Relationships
Industry Codes
ANZSIC 2006 Codes:
1829 - Other Basic Polymer Manufacturing
2422 - Communication Equipment Manufacturing
2010 - Glass and Glass Product Manufacturing
2469 - Other Specialised Machinery and
Equipment Manufacturing
NACE 2002 Codes:
2470 - Manufacture of man-made fibres
2924 - Manufacture of other general purpose machinery not
elsewhere classified
2613 - Manufacture of hollow glass
3220 - Manufacture of television and radio transmitters and
apparatus for line telephony and line telegraphy
NAICS 2002 Codes:
325222 - Noncellulosic Organic Fiber
Manufacturing
333298 - All Other Industrial Machinery Manufacturing
334290 - Other Communications Equipment Manufacturing
327212 - Other Pressed and Blown Glass and Glassware Manufacturing
US SIC 1987:
2824 - Manmade Organic Fibers, Except Cellulosic
3559 - Special Industry Machinery, Not Elsewhere Classified
3229 - Pressed and Blown Glass and Glassware, Not Elsewhere
Classified
3669 - Communications Equipment, Not Elsewhere Classified
UK SIC 2003:
2470 - Manufacture of man-made fibres
2924 - Manufacture of other general purpose machinery not
elsewhere classified
3220 - Manufacture of television and radio transmitters and
apparatus for line telephony and line telegraphy
2613 - Manufacture of hollow glass
UK SIC 2007:
2060 - Manufacture of man-made fibres
2630 - Manufacture of communication equipment
2313 - Manufacture of hollow glass
2829 - Manufacture of other general-purpose machinery n.e.c.
Business Description
Roblon A/S is a Denmark-based company engaged in the manufacture of fiber optic lighting, industrial fiber products, and machinery for the production of cables, ropes and cordage. It operates within three principal divisions: Roblon Industrial Fiber, Roblon Lighting (Fiber Optics) and Roblon Engineering. Roblon Industrial Fiber develops, manufactures and sells flexible fiber products, which can transmit or absorb force. The products are based on synthetic fibers, often impregnated or otherwise coated. The products are primarily directed at the cable and offshore industries. The Roblon Lighting (Fiber Optics) division manufactures advanced fiber optic illumination systems. Roblon Engineering develops, manufactures and supplies solutions for the production of cables, ropes and related products. Its solutions are delivered to customers worldwide, either as line components or complete production lines. For the six months ended 30 April 2012, Roblon A/S revenues totaled DKR120.3M. Net income totaled to DKR13.4M. Revenues reflect market conditions.
More Business
Descriptions
Development, production and sale of machinery for the rope and cable
industry, industrial fibre products and fibre-optic illumination systems
Roblon A/S is primarily engaged in manufacturing
electric lighting fixtures (except residential, commercial, industrial,
institutional, and vehicular electric lighting fixtures) and nonelectric lighting equipment.
Communication and Energy Wire and Cable Manufacturing
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Executive report
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Board of
Directors |
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Independent Chairman of the Board |
Chairman |
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Deputy Chairman of the Board |
Vice-Chairman |
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Director |
Director/Board Member |
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Director, Employee Representative |
Director/Board Member |
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Director, Employee Representative |
Director/Board Member |
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Independent Director |
Director/Board Member |
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Director |
Director/Board Member |
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Director |
Director/Board Member |
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Executives |
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Managing Director & Chief Executive Officer |
Chief Executive Officer |
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Managing Director, Chief Executive Officer |
Chief Executive Officer |
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Managing Director / Director |
Managing Director |
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(Industry) |
Sales Executive |
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(Industry) |
Sales Executive |
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(Lighting) |
Sales Executive |
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IT Manager |
Information Executive |
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Technical Manager |
Engineering/Technical Executive |
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Production Director |
Product Management Executive |
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(Industry) |
Purchasing Executive |
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Significant Developments
Roblon A/S Raises FY 2011/2012 Guidance Aug 30, 2012
Roblon A/S announced that it has decided to raise its guidance for the fiscal year 2011/2012. Roblon A/S now expects revenue in the region of DKK 235 million against a revenue as earlier announced in the region of DKK 230 million for the fiscal year 2011/2012. The profit before tax is expected to be in the region of DKK 33 million against the earlier expectation of DKK 30 million for the fiscal year 2011/2012.
Roblon A/S Confirms FY 2011/2012 Guidance Jun 28, 2012
Roblon A/S announced that the Company still expects its revenue for the fiscal year 2011/2012 to be in the area of DKK 230 million and its fiscal year 2011/2012 profit before tax to be in the area of DKK 30 million.
Roblon A/S Updates on FY 2011/2012 Financial Guidance and Proposes to Pay FY 2010/2011 Dividend of DKK 70 per B-Share and DKK 700 per A-Share Jan 27, 2012
Roblon A/S announced that the Company expects its revenue for the fiscal year 2011/2012 to be in the area of DKK 230 million and its fiscal year 2011/2012 profit before tax to be in the area of DKK 30 million. Apart from this, the Company announced that the Board of Directors of Roblon proposes a dividend for the fiscal year 2010/2011 of 70%, against 50% in 2009/10. For the fiscal year 2010/2011 a dividend of DKK 70 is proposed to be paid per B-share of DKK 100 and DKK 700 per A-share of DKK 1,000). The distribution amounts to 91% of the total income of the year. At a year-end price of DKK 598, this implies a direct return of 11.7%.
Roblon A/S Issues FY 2011/2012 Revenue and Profit Before Tax Guidance Jan 09, 2012
Roblon A/S announced that it has issued fiscal year 2011/2012 financial guidance. In the financial year 2011/2012, revenue is expected to be in the area of DKK 230 million and profit before tax in the area of DKK 30 million.
Roblon A/S Raises FY 2010/2011 Turnover and Profit Before Tax Guidance Nov 29, 2011
Roblon A/S announced that it has revised its fiscal year 2010/2011 financial guidance. The Company now expects a turnover of DKK 223 million and a profit before tax in the region of DKK 36 million for the fiscal year 2010/2011. In the latest interim statement applying for the period from November 1, 2010 to July 31, 2011 (9 months), a turnover in the region of between DKK 200 million and DKK 210 million, and a profit before tax of between DKK 26 million and DKK 29 million was expected for the fiscal year 2010/2011.
Annual
Profit & Loss
|
|
31-Oct-2011 |
31-Oct-2010 |
31-Oct-2009 |
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Period Length |
12 Months |
12 Months |
12 Months |
|
Filed Currency |
DKK |
DKK |
DKK |
|
Exchange Rate
(Period Average) |
5.354973 |
5.539317 |
5.461664 |
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Consolidated |
No |
No |
No |
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Total Revenue |
41.8 |
36.4 |
34.0 |
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Gross Profit |
19.3 |
16.3 |
14.8 |
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Operating Income |
6.8 |
5.0 |
2.2 |
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Net Income |
5.2 |
4.2 |
1.9 |
Annual Balance Sheet
Financials in: USD (mil)
|
|
31-Oct-2011 |
31-Oct-2010 |
31-Oct-2009 |
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Filed Currency |
DKK |
DKK |
DKK |
|
Exchange Rate |
5.3346 |
5.36475 |
5.0441 |
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Consolidated |
No |
No |
No |
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Total Assets |
45.4 |
41.9 |
41.5 |
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Provisions |
1.0 |
0.9 |
1.1 |
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Total Liabilities |
- |
- |
5.0 |
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Total Equity |
37.6 |
35.5 |
35.3 |
Annual Ratios
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|
31-Oct-2011 |
31-Oct-2010 |
31-Oct-2009 |
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Period Length |
12 Months |
12 Months |
12 Months |
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Filed Currency |
- |
- |
- |
|
Exchange Rate |
- |
- |
- |
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Consolidated |
No |
No |
No |
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Operating Margin |
16.26 |
13.77 |
6.45 |
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Current Ratio |
516.80 |
559.76 |
565.59 |
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Total debt/total equity |
82.93 |
84.69 |
85.24 |
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Return on average equity |
13.77 |
12.34 |
5.79 |
Annual Growth Rates
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|
31-Oct-2010 |
31-Oct-2009 |
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Period Length |
12 Months |
12 Months |
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Filed Currency |
- |
- |
|
Exchange Rate |
- |
- |
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Consolidated |
No |
No |
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Turnover Percent Change |
10.96% |
8.51% |
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Marginal Contribution Percent Change |
14.55% |
11.19% |
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Operating Results Percent Change |
31.06% |
131.76% |
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Profit/Loss for the Year Percent Change |
17.59% |
127.62% |
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Assets Percent Change |
7.57% |
7.54% |
|
Provisions Percent Change |
4.38% |
-9.73% |
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Equity Capital Percent Change |
5.33% |
6.85% |
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Operating Margin Percent Change |
18.08% |
113.49% |
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Current Ratio Percent Change |
-7.67% |
-1.03% |
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Debt/Equity Ratio Percent Change |
-2.08% |
-0.65% |
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Retun On Equity Percent Change |
11.59% |
113.13% |
Annual Income Statement
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
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|
31-Oct-2011 |
31-Oct-2010 |
31-Oct-2009 |
31-Oct-2008 |
31-Oct-2007 |
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Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
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UpdateType/Date |
Updated Normal |
Updated Normal |
Restated Normal |
Updated Normal |
Updated Normal |
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Filed Currency |
DKK |
DKK |
DKK |
DKK |
DKK |
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Exchange Rate
(Period Average) |
5.354973 |
5.539317 |
5.461664 |
5.000379 |
5.546286 |
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Auditor |
Deloitte Statsautoriserte Revisorer AS |
Statsautoriseret Revisions Partnerselskab |
Statsautoriseret Revisions Partnerselskab |
Beierholm Statsautorisert Revisonsaktieselskab |
Mortensen & Beierholm |
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Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
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Net Sales |
41.8 |
36.4 |
34.0 |
50.4 |
42.2 |
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Revenue |
41.8 |
36.4 |
34.0 |
50.4 |
42.2 |
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Total Revenue |
41.8 |
36.4 |
34.0 |
50.4 |
42.2 |
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Cost of Revenue |
17.7 |
15.9 |
15.1 |
23.1 |
19.3 |
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Cost of Revenue, Total |
17.7 |
15.9 |
15.1 |
23.1 |
19.3 |
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Gross Profit |
24.1 |
20.5 |
18.9 |
27.3 |
22.9 |
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Labor & Related Expense |
10.6 |
9.4 |
10.6 |
12.9 |
10.6 |
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Total Selling/General/Administrative Expenses |
10.6 |
9.4 |
10.6 |
12.9 |
10.6 |
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Research & Development |
1.2 |
1.3 |
1.6 |
- |
- |
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Depreciation |
1.8 |
1.8 |
1.7 |
1.7 |
1.3 |
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Amortization of Intangibles |
- |
- |
- |
- |
0.2 |
|
Depreciation/Amortization |
1.8 |
1.8 |
1.7 |
1.7 |
1.4 |
|
Other Operating Expense |
3.8 |
2.9 |
2.9 |
6.1 |
5.1 |
|
Other, Net |
-0.2 |
0.0 |
-0.1 |
- |
- |
|
Other Operating Expenses, Total |
3.6 |
2.9 |
2.8 |
6.1 |
5.1 |
|
Total Operating Expense |
35.0 |
31.4 |
31.8 |
43.8 |
36.4 |
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|
|
|
|
|
|
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Operating Income |
6.8 |
5.0 |
2.2 |
6.6 |
5.8 |
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Interest Expense -
Non-Operating |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Interest Expense, Net Non-Operating |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Interest Income -
Non-Operating |
0.2 |
0.4 |
0.4 |
0.5 |
0.4 |
|
Investment Income -
Non-Operating |
-0.1 |
0.2 |
0.0 |
-0.2 |
-0.4 |
|
Interest/Investment Income - Non-Operating |
0.1 |
0.6 |
0.3 |
0.4 |
0.0 |
|
Interest Income (Expense) - Net Non-Operating Total |
0.1 |
0.6 |
0.3 |
0.3 |
0.0 |
|
Income Before Tax |
6.9 |
5.6 |
2.5 |
6.9 |
5.8 |
|
|
|
|
|
|
|
|
Total Income Tax |
1.7 |
1.4 |
0.6 |
1.6 |
1.4 |
|
Income After Tax |
5.2 |
4.2 |
1.9 |
5.3 |
4.4 |
|
|
|
|
|
|
|
|
Net Income Before Extraord Items |
5.2 |
4.2 |
1.9 |
5.3 |
4.4 |
|
Net Income |
5.2 |
4.2 |
1.9 |
5.3 |
4.4 |
|
|
|
|
|
|
|
|
Income Available to Common Excl Extraord
Items |
5.2 |
4.2 |
1.9 |
5.3 |
4.4 |
|
|
|
|
|
|
|
|
Income Available to Common Incl Extraord Items |
5.2 |
4.2 |
1.9 |
5.3 |
4.4 |
|
|
|
|
|
|
|
|
Basic/Primary Weighted Average Shares |
0.4 |
0.4 |
0.4 |
0.4 |
0.3 |
|
Basic EPS Excl Extraord Items |
14.43 |
11.86 |
5.25 |
14.86 |
14.62 |
|
Basic/Primary EPS Incl Extraord
Items |
14.43 |
11.86 |
5.25 |
14.86 |
14.62 |
|
Diluted Net Income |
5.2 |
4.2 |
1.9 |
5.3 |
4.4 |
|
Diluted Weighted Average Shares |
0.4 |
0.4 |
0.4 |
0.4 |
0.3 |
|
Diluted EPS Excl Extraord Items |
14.43 |
11.86 |
5.25 |
14.86 |
14.62 |
|
Diluted EPS Incl Extraord
Items |
14.43 |
11.86 |
5.25 |
14.86 |
14.62 |
|
Dividends per Share - Common Stock Primary Issue |
13.07 |
9.03 |
5.49 |
10.00 |
9.02 |
|
Dividends per Share - Common Stock Issue 2 |
130.72 |
90.26 |
- |
157.99 |
90.15 |
|
Gross Dividends - Common Stock |
4.7 |
3.2 |
2.0 |
3.6 |
3.2 |
|
Interest Expense, Supplemental |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Depreciation, Supplemental |
1.3 |
1.5 |
1.5 |
1.5 |
1.3 |
|
Normalized Income Before Tax |
6.9 |
5.6 |
2.5 |
6.9 |
5.8 |
|
|
|
|
|
|
|
|
Inc Tax Ex Impact of Sp Items |
1.7 |
1.4 |
0.6 |
1.6 |
1.4 |
|
Normalized Income After Tax |
5.2 |
4.2 |
1.9 |
5.3 |
4.4 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
5.2 |
4.2 |
1.9 |
5.3 |
4.4 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
14.43 |
11.86 |
5.25 |
14.86 |
14.62 |
|
Diluted Normalized EPS |
14.43 |
11.86 |
5.25 |
14.86 |
14.62 |
|
Amort of Intangibles, Supplemental |
0.5 |
0.4 |
0.3 |
0.3 |
0.2 |
|
Research & Development Exp, Supplemental |
1.2 |
1.3 |
1.6 |
- |
- |
|
Normalized EBIT |
6.8 |
5.0 |
2.2 |
6.6 |
5.8 |
|
Normalized EBITDA |
8.6 |
6.8 |
3.9 |
8.3 |
7.2 |
|
Current Tax - Total |
1.7 |
1.4 |
0.5 |
1.7 |
1.5 |
|
Current Tax - Total |
1.7 |
1.4 |
0.5 |
1.7 |
1.5 |
|
Deferred Tax - Total |
0.0 |
-0.1 |
0.2 |
-0.1 |
-0.1 |
|
Deferred Tax - Total |
0.0 |
-0.1 |
0.2 |
-0.1 |
-0.1 |
|
Other Tax |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Income Tax - Total |
1.7 |
1.4 |
0.6 |
1.6 |
1.4 |
Annual Balance Sheet
Financials in: USD (mil)
|
|
31-Oct-2011 |
31-Oct-2010 |
31-Oct-2009 |
31-Oct-2008 |
31-Oct-2007 |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Reclassified
Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
DKK |
DKK |
DKK |
DKK |
DKK |
|
Exchange Rate |
5.3346 |
5.36475 |
5.0441 |
5.87275 |
5.15185 |
|
Auditor |
Deloitte Statsautoriserte Revisorer AS |
Statsautoriseret Revisions Partnerselskab |
Statsautoriseret Revisions Partnerselskab |
Beierholm Statsautorisert Revisonsaktieselskab |
Mortensen & Beierholm |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Cash |
12.5 |
6.4 |
11.2 |
10.0 |
10.8 |
|
Short Term Investments |
4.1 |
7.4 |
1.6 |
- |
- |
|
Cash and Short Term Investments |
16.6 |
13.8 |
12.8 |
10.0 |
10.8 |
|
Trade Accounts Receivable - Net |
7.9 |
7.4 |
5.0 |
7.0 |
7.8 |
|
Other Receivables |
0.4 |
0.3 |
0.2 |
0.3 |
0.2 |
|
Total Receivables, Net |
8.2 |
7.7 |
5.1 |
7.3 |
8.0 |
|
Inventories - Finished Goods |
3.3 |
2.4 |
3.9 |
2.8 |
2.7 |
|
Inventories - Work In Progress |
1.1 |
1.0 |
1.0 |
1.5 |
0.9 |
|
Inventories - Raw Materials |
5.6 |
5.8 |
5.5 |
5.7 |
6.5 |
|
Total Inventory |
10.1 |
9.1 |
10.4 |
10.1 |
10.1 |
|
Other Current Assets |
0.1 |
0.1 |
0.0 |
0.1 |
0.0 |
|
Other Current Assets, Total |
0.1 |
0.1 |
0.0 |
0.1 |
0.0 |
|
Total Current Assets |
35.0 |
30.7 |
28.4 |
27.4 |
28.9 |
|
|
|
|
|
|
|
|
Land/Improvements |
15.2 |
15.1 |
16.1 |
13.8 |
15.7 |
|
Machinery/Equipment |
16.1 |
15.8 |
16.8 |
14.7 |
16.3 |
|
Construction in
Progress |
0.0 |
0.1 |
0.1 |
0.4 |
- |
|
Property/Plant/Equipment - Gross |
31.2 |
31.0 |
33.0 |
29.0 |
31.9 |
|
Accumulated Depreciation |
-22.8 |
-21.5 |
-21.8 |
-18.7 |
-20.0 |
|
Property/Plant/Equipment - Net |
8.4 |
9.4 |
11.2 |
10.3 |
11.9 |
|
Intangibles - Gross |
3.3 |
2.8 |
2.5 |
- |
1.5 |
|
Accumulated Intangible Amortization |
-1.5 |
-1.0 |
-0.6 |
- |
-0.4 |
|
Intangibles, Net |
1.8 |
1.8 |
1.8 |
0.8 |
1.1 |
|
Note Receivable - Long Term |
0.2 |
0.0 |
- |
- |
- |
|
Total Assets |
45.4 |
41.9 |
41.5 |
38.5 |
41.9 |
|
|
|
|
|
|
|
|
Accounts Payable |
2.6 |
2.2 |
1.9 |
2.4 |
2.6 |
|
Notes Payable/Short Term Debt |
2.9 |
2.5 |
3.1 |
2.4 |
2.3 |
|
Customer Advances |
- |
- |
- |
0.3 |
0.4 |
|
Income Taxes Payable |
1.3 |
0.7 |
0.0 |
1.1 |
1.3 |
|
Other Current liabilities, Total |
1.3 |
0.7 |
0.0 |
1.4 |
1.7 |
|
Total Current Liabilities |
6.8 |
5.5 |
5.0 |
6.2 |
6.7 |
|
|
|
|
|
|
|
|
Total Long Term Debt |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Debt |
2.9 |
2.5 |
3.1 |
2.4 |
2.3 |
|
|
|
|
|
|
|
|
Deferred Income Tax - LT Liability |
0.9 |
0.8 |
1.0 |
0.6 |
0.8 |
|
Deferred Income Tax |
0.9 |
0.8 |
1.0 |
0.6 |
0.8 |
|
Reserves |
0.1 |
0.1 |
0.1 |
0.1 |
0.2 |
|
Other Liabilities, Total |
0.1 |
0.1 |
0.1 |
0.1 |
0.2 |
|
Total Liabilities |
7.7 |
6.4 |
6.1 |
6.9 |
7.6 |
|
|
|
|
|
|
|
|
Common Stock |
6.7 |
6.7 |
7.1 |
6.1 |
6.9 |
|
Common Stock |
6.7 |
6.7 |
7.1 |
6.1 |
6.9 |
|
Retained Earnings (Accumulated Deficit) |
30.9 |
28.8 |
28.3 |
25.5 |
27.4 |
|
Total Equity |
37.6 |
35.5 |
35.3 |
31.6 |
34.3 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders’
Equity |
45.4 |
41.9 |
41.5 |
38.5 |
41.9 |
|
|
|
|
|
|
|
|
Shares Outstanding - Common Stock Primary
Issue |
0.3 |
0.3 |
0.3 |
0.3 |
0.3 |
|
Shares Outstanding - Common Stock Issue 2 |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Common Shares Outstanding |
0.4 |
0.4 |
0.4 |
0.4 |
0.4 |
|
Treasury Shares - Common Stock Primary Issue |
- |
- |
- |
0.0 |
0.0 |
|
Treasury Shares - Common Issue 2 |
- |
- |
- |
0.0 |
0.0 |
|
Employees |
125 |
123 |
143 |
153 |
155 |
|
Accumulated Intangible Amort, Suppl. |
1.5 |
1.0 |
0.6 |
0.6 |
0.4 |
|
Deferred Revenue - Current |
- |
- |
- |
0.3 |
0.4 |
Annual Cash Flows
Financials in: USD (mil)
|
|
31-Oct-2011 |
31-Oct-2010 |
31-Oct-2009 |
31-Oct-2008 |
31-Oct-2007 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Reclassified
Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
DKK |
DKK |
DKK |
DKK |
DKK |
|
Exchange Rate
(Period Average) |
5.354973 |
5.539317 |
5.461664 |
5.000379 |
5.546286 |
|
Auditor |
Deloitte Statsautoriserte Revisorer AS |
Statsautoriseret Revisions Partnerselskab |
Statsautoriseret Revisions Partnerselskab |
Beierholm Statsautorisert Revisonsaktieselskab |
Mortensen & Beierholm |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Net Income/Starting Line |
6.8 |
5.0 |
2.2 |
8.3 |
7.1 |
|
Depreciation |
1.8 |
1.8 |
1.7 |
- |
- |
|
Depreciation/Depletion |
1.8 |
1.8 |
1.7 |
- |
- |
|
Unusual Items |
-0.2 |
0.0 |
0.0 |
- |
- |
|
Other Non-Cash Items |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Non-Cash Items |
-0.2 |
0.0 |
-0.1 |
0.0 |
0.0 |
|
Accounts Receivable |
-0.7 |
-2.8 |
3.1 |
-0.4 |
-1.0 |
|
Inventories |
-0.9 |
0.6 |
1.3 |
-1.5 |
0.4 |
|
Accounts Payable |
0.7 |
0.0 |
-0.7 |
0.4 |
0.1 |
|
Other Operating Cash Flow |
-1.1 |
-0.1 |
-1.4 |
-1.4 |
-2.0 |
|
Changes in Working Capital |
-1.9 |
-2.3 |
2.3 |
-2.8 |
-2.5 |
|
Cash from Operating Activities |
6.5 |
4.5 |
6.2 |
5.5 |
4.7 |
|
|
|
|
|
|
|
|
Purchase of Fixed Assets |
-0.3 |
-0.4 |
-0.8 |
-1.3 |
-1.0 |
|
Purchase/Acquisition of Intangibles |
-0.5 |
-0.4 |
-1.0 |
-0.1 |
-0.6 |
|
Capital Expenditures |
-0.7 |
-0.8 |
-1.8 |
-1.4 |
-1.6 |
|
Sale of Fixed Assets |
0.2 |
0.1 |
0.0 |
0.0 |
0.1 |
|
Investment, Net |
3.5 |
-5.8 |
-1.5 |
- |
- |
|
Other Investing Cash Flow Items, Total |
3.6 |
-5.8 |
-1.4 |
0.0 |
0.1 |
|
Cash from Investing Activities |
2.9 |
-6.6 |
-3.2 |
-1.3 |
-1.5 |
|
|
|
|
|
|
|
|
Cash Dividends Paid - Common |
-3.3 |
-1.9 |
-3.3 |
-3.6 |
-3.2 |
|
Total Cash Dividends Paid |
-3.3 |
-1.9 |
-3.3 |
-3.6 |
-3.2 |
|
Sale/Issuance of
Common |
0.0 |
0.0 |
0.0 |
0.1 |
0.0 |
|
Common Stock, Net |
0.0 |
0.0 |
0.0 |
0.1 |
0.0 |
|
Issuance (Retirement) of Stock, Net |
0.0 |
0.0 |
0.0 |
0.1 |
0.0 |
|
Cash from Financing Activities |
-3.3 |
-1.9 |
-3.3 |
-3.5 |
-3.2 |
|
|
|
|
|
|
|
|
Net Change in Cash |
6.1 |
-4.0 |
-0.4 |
0.6 |
0.0 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
6.4 |
10.2 |
10.7 |
11.1 |
10.0 |
|
Net Cash - Ending Balance |
12.5 |
6.2 |
10.4 |
11.7 |
10.0 |
|
Cash Interest Paid |
0.1 |
0.0 |
0.0 |
0.2 |
0.4 |
|
Cash Taxes Paid |
1.2 |
0.7 |
1.7 |
1.7 |
2.0 |
Annual Income Statement
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
31-Oct-2011 |
31-Oct-2010 |
31-Oct-2009 |
31-Oct-2008 |
31-Oct-2007 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Restated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
DKK |
DKK |
DKK |
DKK |
DKK |
|
Exchange Rate
(Period Average) |
5.354973 |
5.539317 |
5.461664 |
5.000379 |
5.546286 |
|
Auditor |
Deloitte Statsautoriserte Revisorer AS |
Statsautoriseret Revisions Partnerselskab |
Statsautoriseret Revisions Partnerselskab |
Beierholm Statsautorisert Revisonsaktieselskab |
Mortensen & Beierholm |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Net Turnover |
41.8 |
36.4 |
34.0 |
50.4 |
42.2 |
|
Total Revenue |
41.8 |
36.4 |
34.0 |
50.4 |
42.2 |
|
|
|
|
|
|
|
|
Finished/In Progress |
- |
- |
- |
-1.4 |
0.8 |
|
Other Operating Income |
-0.2 |
0.0 |
-0.1 |
- |
- |
|
Work/Own Account |
- |
- |
- |
-0.3 |
-0.1 |
|
Raw Materials |
17.7 |
15.9 |
15.1 |
24.8 |
18.7 |
|
Other External |
3.8 |
2.9 |
2.9 |
6.1 |
5.2 |
|
Product Development |
1.2 |
1.3 |
1.6 |
- |
- |
|
Staff Costs |
10.6 |
9.4 |
10.6 |
12.9 |
10.6 |
|
Depreciation |
1.8 |
1.8 |
1.7 |
1.7 |
1.3 |
|
Amortization of Intangibles |
- |
- |
- |
- |
0.2 |
|
Rounding Adjustment Reg. Deprec. |
- |
- |
- |
- |
-0.1 |
|
Total Operating Expense |
35.0 |
31.4 |
31.8 |
43.8 |
36.4 |
|
|
|
|
|
|
|
|
Interest Income |
0.2 |
0.4 |
0.4 |
0.5 |
0.4 |
|
Investment Inc./Foreign Exchange Gain |
0.0 |
0.2 |
- |
- |
- |
|
Fair Value Adjustments |
0.0 |
0.0 |
- |
- |
- |
|
Interest Expenditure |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Investments Exp./Foreign Exchange Loss |
-0.1 |
0.0 |
0.0 |
-0.2 |
-0.4 |
|
Fair Value Adjustments |
-0.1 |
0.0 |
- |
- |
- |
|
Net Income Before Taxes |
6.9 |
5.6 |
2.5 |
6.9 |
5.8 |
|
|
|
|
|
|
|
|
Provision for Income Taxes |
1.7 |
1.4 |
0.6 |
1.6 |
1.4 |
|
Net Income After Taxes |
5.2 |
4.2 |
1.9 |
5.3 |
4.4 |
|
|
|
|
|
|
|
|
Net Income Before Extra. Items |
5.2 |
4.2 |
1.9 |
5.3 |
4.4 |
|
Net Income |
5.2 |
4.2 |
1.9 |
5.3 |
4.4 |
|
|
|
|
|
|
|
|
Income Available to Com Excl ExtraOrd |
5.2 |
4.2 |
1.9 |
5.3 |
4.4 |
|
|
|
|
|
|
|
|
Income Available to Com Incl ExtraOrd |
5.2 |
4.2 |
1.9 |
5.3 |
4.4 |
|
|
|
|
|
|
|
|
Basic Weighted Average Shares |
0.4 |
0.4 |
0.4 |
0.4 |
0.3 |
|
Basic EPS Excluding ExtraOrdinary Items |
14.43 |
11.86 |
5.25 |
14.86 |
14.62 |
|
Basic EPS Including ExtraOrdinary Item |
14.43 |
11.86 |
5.25 |
14.86 |
14.62 |
|
Diluted Net Income |
5.2 |
4.2 |
1.9 |
5.3 |
4.4 |
|
Diluted Weighted Average Shares |
0.4 |
0.4 |
0.4 |
0.4 |
0.3 |
|
Diluted EPS Excluding ExtraOrd Items |
14.43 |
11.86 |
5.25 |
14.86 |
14.62 |
|
Diluted EPS Including ExtraOrd Items |
14.43 |
11.86 |
5.25 |
14.86 |
14.62 |
|
DPS-B Shares |
13.07 |
9.03 |
5.49 |
10.00 |
9.02 |
|
DPS-A Shares |
130.72 |
90.26 |
- |
157.99 |
90.15 |
|
Gross Dividends - Common Stock |
4.7 |
3.2 |
2.0 |
3.6 |
3.2 |
|
Normalized Income Before Taxes |
6.9 |
5.6 |
2.5 |
6.9 |
5.8 |
|
|
|
|
|
|
|
|
Inc Tax Ex Impact of Sp Items |
1.7 |
1.4 |
0.6 |
1.6 |
1.4 |
|
Normalized Income After Taxes |
5.2 |
4.2 |
1.9 |
5.3 |
4.4 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
5.2 |
4.2 |
1.9 |
5.3 |
4.4 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
14.43 |
11.86 |
5.25 |
14.86 |
14.62 |
|
Diluted Normalized EPS |
14.43 |
11.86 |
5.25 |
14.86 |
14.62 |
|
Interest Expense |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Research & Development Exp, Supplemental |
1.2 |
1.3 |
1.6 |
- |
- |
|
Depreciation |
1.3 |
1.5 |
1.5 |
1.5 |
1.3 |
|
Amortization of Intangibles |
0.5 |
0.4 |
0.3 |
0.3 |
0.2 |
|
Current Tax |
1.7 |
1.4 |
0.5 |
1.7 |
1.5 |
|
Current Tax - Total |
1.7 |
1.4 |
0.5 |
1.7 |
1.5 |
|
Deferred Tax |
0.0 |
-0.1 |
0.2 |
-0.1 |
-0.1 |
|
Deferred Tax - Total |
0.0 |
-0.1 |
0.2 |
-0.1 |
-0.1 |
|
Other Tax |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Income Tax - Total |
1.7 |
1.4 |
0.6 |
1.6 |
1.4 |
Annual Balance Sheet
Financials in: USD (mil)
|
|
31-Oct-2011 |
31-Oct-2010 |
31-Oct-2009 |
31-Oct-2008 |
31-Oct-2007 |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Reclassified
Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
DKK |
DKK |
DKK |
DKK |
DKK |
|
Exchange Rate |
5.3346 |
5.36475 |
5.0441 |
5.87275 |
5.15185 |
|
Auditor |
Deloitte Statsautoriserte Revisorer AS |
Statsautoriseret Revisions Partnerselskab |
Statsautoriseret Revisions Partnerselskab |
Beierholm Statsautorisert Revisonsaktieselskab |
Mortensen & Beierholm |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Raw Materials |
5.6 |
5.8 |
5.5 |
5.7 |
6.5 |
|
Work in Progress |
1.1 |
1.0 |
1.0 |
1.5 |
0.9 |
|
Finished Goods |
3.3 |
2.4 |
3.9 |
2.8 |
2.7 |
|
Trade Debtors |
7.9 |
7.4 |
5.0 |
7.0 |
7.8 |
|
Other Debtors |
0.4 |
0.3 |
0.2 |
0.3 |
0.2 |
|
Accruals |
0.1 |
0.1 |
0.0 |
0.1 |
0.0 |
|
Corporate Tax |
- |
0.0 |
0.0 |
- |
- |
|
Bonds |
4.1 |
7.4 |
1.6 |
- |
- |
|
Cash/Bank/Hand |
12.5 |
6.4 |
11.2 |
10.0 |
10.8 |
|
Total Current Assets |
35.0 |
30.7 |
28.4 |
27.4 |
28.9 |
|
|
|
|
|
|
|
|
Compl. Development
Projects |
- |
- |
- |
0.3 |
- |
|
Acquired Patent |
- |
- |
- |
0.4 |
- |
|
Development Projects Under Constr. |
- |
- |
- |
0.1 |
- |
|
Land/Buildings |
15.2 |
15.1 |
16.1 |
13.8 |
15.7 |
|
Plant/Machinery |
14.4 |
14.3 |
14.9 |
13.1 |
14.5 |
|
Fixt./Fittings |
1.7 |
1.6 |
1.9 |
1.6 |
1.7 |
|
Trade Debtors |
0.2 |
0.0 |
- |
- |
- |
|
Tangibles in Contruction,
Gross |
0.0 |
0.1 |
0.1 |
0.4 |
- |
|
Depreciation |
-22.8 |
-21.5 |
-21.8 |
-18.7 |
-20.0 |
|
Compl. Development
Projects |
- |
- |
- |
- |
0.9 |
|
Acquired Patent, Gross |
- |
- |
- |
- |
0.6 |
|
Development Projects Under Constr. |
- |
- |
- |
- |
0.0 |
|
Intang. Amort. |
-1.5 |
-1.0 |
-0.6 |
- |
-0.4 |
|
Development Projects |
2.1 |
1.9 |
- |
- |
- |
|
Patents |
0.6 |
0.6 |
- |
- |
- |
|
Ongoing Dvpmnt
Projects |
0.6 |
0.3 |
2.5 |
- |
- |
|
Total Assets |
45.4 |
41.9 |
41.5 |
38.5 |
41.9 |
|
|
|
|
|
|
|
|
Prepayments |
- |
- |
- |
0.3 |
0.4 |
|
Tax Payable |
1.3 |
0.7 |
0.0 |
1.1 |
1.3 |
|
Trade Creditors |
2.6 |
2.2 |
1.9 |
2.4 |
2.6 |
|
Other Debt |
2.9 |
2.5 |
3.1 |
2.4 |
2.3 |
|
Total Current Liabilities |
6.8 |
5.5 |
5.0 |
6.2 |
6.7 |
|
|
|
|
|
|
|
|
Prov./Def. Tax |
0.9 |
0.8 |
1.0 |
0.6 |
0.8 |
|
Other Provs. |
0.1 |
0.1 |
0.1 |
0.1 |
0.2 |
|
Total Liabilities |
7.7 |
6.4 |
6.1 |
6.9 |
7.6 |
|
|
|
|
|
|
|
|
Share Capital |
6.7 |
6.7 |
7.1 |
6.1 |
6.9 |
|
Profit/Forward |
30.9 |
28.9 |
28.2 |
22.5 |
24.0 |
|
Other Reserves |
0.0 |
-0.1 |
0.0 |
- |
- |
|
Dividend |
- |
- |
- |
3.0 |
3.5 |
|
Total Equity |
37.6 |
35.5 |
35.3 |
31.6 |
34.3 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders' Equity |
45.4 |
41.9 |
41.5 |
38.5 |
41.9 |
|
|
|
|
|
|
|
|
S/O-B Shares |
0.3 |
0.3 |
0.3 |
0.3 |
0.3 |
|
S/O-A Shares |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Common Shares Outstanding |
0.4 |
0.4 |
0.4 |
0.4 |
0.4 |
|
T/S-B Shares |
- |
- |
- |
0.0 |
0.0 |
|
T/S-A Shares |
- |
- |
- |
0.0 |
0.0 |
|
Deferred Revenue - Current |
- |
- |
- |
0.3 |
0.4 |
|
Accumulated Intangible Amortization |
1.5 |
1.0 |
0.6 |
0.6 |
0.4 |
|
Full-Time Employees |
125 |
123 |
143 |
153 |
155 |
Annual Cash Flows
Financials in: USD (mil)
|
|
31-Oct-2011 |
31-Oct-2010 |
31-Oct-2009 |
31-Oct-2008 |
31-Oct-2007 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Reclassified
Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
DKK |
DKK |
DKK |
DKK |
DKK |
|
Exchange Rate (Period
Average) |
5.354973 |
5.539317 |
5.461664 |
5.000379 |
5.546286 |
|
Auditor |
Deloitte Statsautoriserte Revisorer AS |
Statsautoriseret Revisions Partnerselskab |
Statsautoriseret Revisions Partnerselskab |
Beierholm Statsautorisert Revisonsaktieselskab |
Mortensen & Beierholm |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Operating Profit |
6.8 |
5.0 |
2.2 |
8.3 |
7.1 |
|
Depreciation |
1.8 |
1.8 |
1.7 |
- |
- |
|
Sale of Tangibles |
-0.2 |
0.0 |
0.0 |
- |
- |
|
Provisions |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Stocks |
-0.9 |
0.6 |
1.3 |
-1.5 |
0.4 |
|
Debtors |
-0.7 |
-2.8 |
3.1 |
-0.4 |
-1.0 |
|
ST Creditors |
0.7 |
0.0 |
-0.7 |
0.4 |
0.1 |
|
Interest Received |
0.2 |
0.6 |
0.4 |
0.5 |
0.4 |
|
Interest Paid |
-0.1 |
0.0 |
0.0 |
-0.2 |
-0.4 |
|
Tax Paid |
-1.2 |
-0.7 |
-1.7 |
-1.7 |
-2.0 |
|
Cash from Operating Activities |
6.5 |
4.5 |
6.2 |
5.5 |
4.7 |
|
|
|
|
|
|
|
|
Inv. in Intangible |
-0.5 |
-0.4 |
-1.0 |
-0.1 |
-0.6 |
|
Invest./Tangibles |
-0.3 |
-0.4 |
-0.8 |
-1.3 |
-1.0 |
|
Purchase/Sale of Financial Assets |
3.5 |
-5.8 |
-1.5 |
- |
- |
|
Sale/Tangibles |
0.2 |
0.1 |
0.0 |
0.0 |
0.1 |
|
Cash from Investing Activities |
2.9 |
-6.6 |
-3.2 |
-1.3 |
-1.5 |
|
|
|
|
|
|
|
|
Capital Augmentation |
0.0 |
0.0 |
0.0 |
0.1 |
0.0 |
|
Dividend Paid |
-3.3 |
-1.9 |
-3.3 |
-3.6 |
-3.2 |
|
Cash from Financing Activities |
-3.3 |
-1.9 |
-3.3 |
-3.5 |
-3.2 |
|
|
|
|
|
|
|
|
Net Change in Cash |
6.1 |
-4.0 |
-0.4 |
0.6 |
0.0 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
6.4 |
10.2 |
10.7 |
11.1 |
10.0 |
|
Net Cash - Ending Balance |
12.5 |
6.2 |
10.4 |
11.7 |
10.0 |
|
Cash Interest Paid |
0.1 |
0.0 |
0.0 |
0.2 |
0.4 |
|
Cash Taxes Paid |
1.2 |
0.7 |
1.7 |
1.7 |
2.0 |
Financial
Health
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
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Annual
Ratios
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
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FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.97 |
|
UK Pound |
1 |
Rs.89.02 |
|
Euro |
1 |
Rs.70.61 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.