|
Report Date : |
13.10.2014 |
IDENTIFICATION DETAILS
|
Name : |
ATLAS COPCO AIRPOWER NV |
|
|
|
|
Registered Office : |
Boomsesteenweg 957 2610 Antwerpen |
|
|
|
|
Country : |
Belgium |
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
21.06.1937 |
|
|
|
|
Com. Reg. No.: |
403992231 |
|
|
|
|
Legal Form : |
Public Limited Liability Company |
|
|
|
|
Line of Business : |
Manufacture of fluid power equipment |
|
|
|
|
No. of Employees |
2763 |
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 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
Belgium |
A1 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
BELGIUM ECONOMIC OVERVIEW
This modern, open, and private-enterprise-based economy has capitalized on its central geographic location, highly developed transport network, and diversified industrial and commercial base. Industry is concentrated mainly in the more heavily-populated region of Flanders in the north. With few natural resources, Belgium imports substantial quantities of raw materials and exports a large volume of manufactures, making its economy vulnerable to volatility in world markets. Roughly three-quarters of Belgium's trade is with other EU countries, and Belgium has benefited most from its proximity to Germany. In 2013 Belgian GDP grew by 0.1%, the unemployment rate increased to 8.8% from 7.6% the previous year, and the government reduced the budget deficit from a peak of 6% of GDP in 2009 to 3.2%. Despite the relative improvement in Belgium's budget deficit, public debt hovers around 100% of GDP, a factor that has contributed to investor perceptions that the country is increasingly vulnerable to spillover from the euro-zone crisis. Belgian banks were severely affected by the international financial crisis in 2008 with three major banks receiving capital injections from the government, and the nationalization of the Belgian retail arm of a Franco-Belgian bank
|
Source
: CIA |
Business number 403992231
Company name ATLAS COPCO AIRPOWER NV
Address BOOMSESTEENWEG 957
2610 ANTWERPEN
Number of staff 2683
Date of establishment 21/06/1937
Telephone number 03870 21 11
Fax number 03870 24 43
|
The business was established over 77 years ago. |
|
The business has 2763 employees. |
|
The business is part of a group. |
|
The business has been at the address for over 2
years. |
|
The business saw a decrease in their Cash Balance of
38% during the latest trading period. |
|
DATE OF LATEST ACCOUNTS |
TURNOVER |
PROFIT BEFORE TAX |
NET WORTH |
WORKING CAPITAL |
|
31/12/2012 |
1,638,625,874 |
422,484,815 |
3,258,915,724 |
549,260,916 |
|
31/12/2011 |
1,560,413,117 |
364,020,962 |
2,927,528,213 |
224,014,637 |
|
31/12/2010 |
1,331,494,316 |
322,671,440 |
2,610,874,093 |
-83,871,987 |
Accounts
|
||||
|
DATE OF LATEST ACCOUNTS |
BALANCE TOTAL |
NUMBER OF EMPLOYEES |
CAPITAL |
CASHFLOW |
|
31/12/2012 |
6,065,808,425 |
2,683 |
1,435,000,000 |
357,928,913 |
|
31/12/2011 |
5,737,291,158 |
2,728 |
1,435,000,000 |
339,053,601 |
|
31/12/2010 |
5,682,610,113 |
2,594 |
1,435,000,000 |
244,333,066 |
|
Past payments |
|
Payment
expectation days54.77 |
|
|
Industry
average payment expectation days |
84.98 |
Industry average day sales 100.13 outstanding |
|
|
Day sales outstanding |
46.68 |
|
|
Business number 403992231
Company name ATLAS COPCO
AIRPOWER NV
Fax number 03870 24 43
Date founded 21/06/1937
Company status active
Company type Public Limited Liability Company (BE)
Currency Euro (€)
Date of latest accounts 31/12/2012
Activity code 28120
Liable for VAT yes
Activity description Manufacture of
fluid power equipment
|
|
|
|
|
|
Social Balance Sheet |
Total |
|
|
|
During the reporting year |
|
|
|
|
ended 31-12-2012 |
|
|
|
|
Full-time Employees |
2,506 |
|
|
|
Part-time Employees |
314 |
|
|
|
Total Fte Employees |
2,741 |
|
|
|
|
|||
|
Number of hours worked |
|||
|
Full-time Employees |
3,767,356 |
|
|
|
Part-time Employees |
331,648 |
|
|
|
Total |
4,099,004 |
|
|
|
|
|||
|
Personnel Charges |
|||
|
Full-time Employees |
177,708,537 |
|
|
|
Part-time Employees |
15,168,877 |
|
|
|
Total |
192,877,414 |
|
|
|
Benefits In Addition To Wages |
3,065,337 |
|
|
|
|
|||
|
During the previous reporting year |
|||
|
Average number employees in Fte |
2,655 |
|
|
|
Actual working hours |
3,898,572 |
|
|
|
Personnel Charges |
183,346,580 |
|
|
|
Benefits In Addition To Wages |
2,802,865 |
|
|
|
|
|||
|
|
|||
|
Type of Contract Full-Time |
Part-Time |
Total Fte |
|
|
Unlimited Duration 2,365 |
316 |
2,602 |
|
|
Contracts |
|
|
|
|
Limited Duration Contracts 81 |
1 |
82 |
|
|
Contracts For Specific - |
- |
- |
|
|
Work |
|
|
|
|
Contracts Regarding - |
- |
- |
|
|
Substitution |
|
|
|
|
|
|||
Gender and Education
|
Men |
Full-Time |
Part-Time |
Total
Fte |
|
|
Primary education |
22 |
12 |
31 |
|
|
Secondairy education |
1,344 |
169 |
1,472 |
|
|
Higher
education (non university) |
513 |
24 |
530 |
|
|
Higher education
(university) |
317 |
5 |
320 |
|
|
Women |
Full-Time |
Part-Time |
Total
Fte |
|
|
Primary education |
1 |
- |
1 |
|
|
Secondairy education |
73 |
49 |
112 |
|
|
Higher education (non
university) |
76 |
35 |
99 |
|
|
Higher education (university) |
100 |
23 |
118 |
|
|
|
||||
|
|
||||
|
Working Category |
Full-Time |
Part-Time |
Total
Fte |
|
|
Management |
11 |
- |
11 |
|
|
White collar worker |
1,174 |
129 |
1,271 |
|
|
Blue collar worker |
1,261 |
188 |
1,402 |
|
|
Other - - - |
||||
|
|
||||
|
|
||||
|
r Temporary personnel |
|
Total |
|
|
|
Average number of temporary
staff |
50 |
|
|
|
|
Actual working hours |
|
98,253 |
|
|
|
Cost of temporary staff |
|
1,878,077 |
|
|
|
|
||||
|
|
||||
|
New staff and leavers |
Full-Time |
Part-Time |
Total
Fte |
|
|
New Starters |
198 |
- |
198 |
|
|
Leavers |
223 |
15 |
234 |
|
|
Total of formal continuing
vocational training initiatives for workers paid by the employer |
Male |
Female |
|
Number of employees |
2,050 |
311 |
|
Number of training hours |
51,995 |
9,741 |
|
Net costs for enterprise |
5,085,704 |
59,697 |
|
Total of less formal and informal continuing vocational
training initiatives for workers paid by the employer |
Male |
Female |
|
Number of employees |
169 |
28 |
|
Number of training hours |
24,798 |
2,780 |
|
Net costs for enterprise |
809,920 |
91,107 |
|
Total of initial training initiatives
at the expense of the employer |
Male |
Female |
|
Number of employees
- - |
||
|
Number of training
hours
- - |
||
|
Net costs for
enterprise - - |
||
|
JIC Code |
111 |
|
Description |
JC for the metal, machinery
and electrical construction |
|
category |
|
|
JIC Code |
209 |
|
Description |
Joint committee for the employees
off the metal industry |
|
category |
|
Significant Events
|
|
|
Event Date |
11/06/2014 |
|
Event Description |
re-appointment of
director(s) |
|
Event Details |
Commentaar 11-06-2014: Herbenoemd
als bestuurders voor de duur van een jaar: Ronnie Leten, Nico Delvaeux en
Alex Bongaerts. |
|
Annual accounts |
31-12-2012 |
% |
31-12-2011 |
% |
31-12-2010 |
Industry average 2012 |
% |
|
Weeks |
52 |
|
52 |
|
52 |
|
|
|
Currency |
EUR |
|
EUR |
|
EUR |
|
|
|
Turnover |
1,638,625,874 |
5.01 |
1,560,413,117 |
17.19 |
1,331,494,316 |
80,523,375 |
1934 |
|
Total operating expenses |
1,159,019,987 |
3.01 |
1,125,121,940 |
16.00 |
969,924,776 |
59,726,908 |
1840 |
|
Operating result |
479,605,887 |
10.18 |
435,291,177 |
20.39 |
361,569,540 |
6,873,694 |
6877 |
|
Total financial income |
11,644,659 |
81.27 |
6,423,868 |
-77.66 |
28,760,782 |
206,185 |
5547 |
|
Total financial expenses |
68,765,732 |
-11.49 |
77,694,083 |
14.83 |
67,658,881 |
1,031,502 |
6566 |
|
Results on ordinary
operations before taxation |
422,484,815 |
16.06 |
364,020,962 |
12.81 |
322,671,440 |
6,048,385 |
6885 |
|
Taxation |
86,803,574 |
99 |
43,540,048 |
-59.81 |
108,333,436 |
1,703,023 |
4997 |
|
Results on ordinary
operations after taxation |
335,681,241 |
4.74 |
320,480,914 |
49.52 |
214,338,004 |
4,765,286 |
6944 |
|
Extraordinary items |
-138,007 |
-141 |
332,051 |
-95.67 |
7,670,156 |
-7,314 |
-1786 |
|
Other appropriations |
0.00 |
- |
0.00 |
- |
0.00 |
- |
- |
|
Net result |
335,543,234 |
4.59 |
320,812,965 |
44.51 |
222,008,160 |
4,759,044 |
6950 |
|
OTHER INFORMATION |
|
|
|
|
|
|
|
|
Gross Operating Margin |
- |
- |
- |
- |
- |
362,719 |
- |
|
Dividends |
- |
- |
- |
- |
300,000,000 |
502,996 |
- |
|
Employee costs |
198,475,532 |
4.75 |
189,473,482 |
12.43 |
168,528,788 |
4,995,810 |
3872 |
|
Wages and salary |
120,102,235 |
5.86 |
113,455,216 |
10.82 |
102,381,067 |
3,191,908 |
3662 |
|
Employee pension costs |
5,598,118 |
- |
6,126,902 |
- |
6,466,802 |
707,452 |
691 |
|
Social security
contributions |
50,682,545 |
4.10 |
48,688,268 |
16.60 |
41,754,907 |
1,302,748 |
3790 |
|
Other employee costs |
22,092,634 |
4.20 |
21,203,096 |
18.28 |
17,926,012 |
358,874 |
6056 |
|
Amortization and |
22,385,678 |
22.72 |
18,240,637 |
-18.29 |
22,324,906 |
466,215 |
4701 |
|
depreciation |
|
|
|
|
|
|
|
|
Annual accounts |
31-12-2012 |
% |
31-12-2011 |
% |
31-12-2010 |
Industry average 2012 |
% |
|
Weeks |
52 |
|
52 |
|
52 |
|
|
|
Currency |
EUR |
|
EUR |
|
EUR |
|
|
|
Intangible fixed assets |
36,105,231 |
- |
31,949,508 |
- |
27,790,663 |
535,528 |
6641 |
|
Tangible fixed assets |
40,670,267 |
-1.07 |
41,109,637 |
10.70 |
37,136,977 |
1,487,098 |
2634 |
|
Land
& building |
20,543,885 |
-5.81 |
21,810,550 |
-2.91 |
22,463,553 |
928,087 |
2113 |
|
Plant
& machinery |
18,851,983 |
2.36 |
18,417,405 |
30.67 |
14,094,165 |
804,795 |
2242 |
|
Furniture
& Vehicles |
1,274,400 |
44.54 |
881,682 |
52.21 |
579,259 |
75,099 22,900 |
1596 |
|
Leasing & Other Similar Rights |
- |
- |
- |
- |
- |
867,910 83,227 |
- |
|
Other
tangible assets |
0 |
- |
0 |
- |
0 |
28,373 |
-100 |
|
Financial fixed assets |
5,121,600,000 |
0.00 |
5,121,602,175 |
0 |
5,121,602,175 |
123,181,994 |
4057 |
|
Total fixed assets |
5,198,375,498 |
0.07 |
5,194,661,320 |
0.16 |
5,186,529,815 |
78,057,523 |
6559 |
|
Inventories |
126,384,441 |
-4.49 |
132,323,333 |
36.48 |
96,955,696 |
3,738,438 |
3280 |
|
Raw materials & consumables |
42,719,277 |
-13.16 |
49,192,378 |
54.67 |
31,805,462 |
4,843,061 |
782 |
|
Work in
progress |
25,498,295 |
3.51 |
24,634,725 |
38.82 |
17,746,121 |
743,835 |
3327 |
|
Finished
goods |
58,166,868 |
-0.56 |
58,496,230 |
23.40 |
47,404,113 |
1,123,663 |
5076 |
|
Other
stocks |
0 |
- |
0 |
- |
0 |
132,066 |
-100 |
|
Trade debtors |
209,572,433 |
19.39 |
175,535,588 |
18.30 |
148,376,002 |
4,260,812 |
4818 |
|
Cash |
199,766 |
-38.90 |
326,950 |
6.72 |
306,351 |
230,523 |
-13.34 |
|
other amounts receivable |
529,179,032 |
127 |
232,405,737 |
-6.40 |
248,298,635 |
7,554,190 |
6905 |
|
Miscellaneous current assets |
2,097,255 |
2.90 |
2,038,230 |
-4.92 |
2,143,613 |
97,637 |
2048 |
|
Total current assets |
867,432,927 |
59.86 |
542,629,839 |
9.38 |
496,080,298 |
14,799,844 |
5761 |
|
Total Assets |
6,065,808,425 |
5.73 |
5,737,291,158 |
0.96 |
5,682,610,113 |
87,510,961 771,922 |
6831 |
|
□ |
Trade creditors |
173,926,036 |
-7. 11 |
187,231,970 |
7.56 |
174,068,180 |
3,347,520 |
5095 |
|
Short
term group loans - - - - - - - |
||||||||
|
|
Financial debts |
- |
- |
- |
- |
- |
890,549 265,967 |
- |
|
|
Current portion of long term debt |
- |
- |
- |
- |
- |
141,784 33,026 |
- |
|
|
Amounts Payable for Taxes,
Remuneration & Social Security |
119,828,786 |
23.52 |
97,009,506 |
24.94 |
77,647,347 |
63,562 - |
5628 |
|
|
Miscellaneous current
liabilities |
24,417,189 |
-28.97 |
34,373,725 |
-89.53 |
328,236,758 |
1483 |
— |
|
|
Total current liabilities |
318,172,011 |
-0.14 |
318,615,202 |
-45.06 |
579,952,285 |
7,030,807 |
4425 |
|
|
LONG TERM DEBTS AND LIABILITIES |
|
|
|
|
|
|
|
|
|
Long term group loans |
- |
- |
- |
- |
- |
- |
-- |
|
|
Other long term loans |
2,386,000,000 |
0 |
2,386,000,000 |
0 |
2,386,000,000 |
3737 |
-- |
|
|
D effered taxes |
- |
- |
- |
- |
- |
63,401 2,930 |
- |
|
|
Provisions for Liabilities & Charges |
66,615,460 |
-8.99 |
73,198,236 |
-6.15 |
77,993,072 |
1,008,144 0 |
6507 |
|
|
Other long term liabilities |
0 |
- |
0 |
- |
0 |
18,276 |
-100 |
|
|
Total long term debts |
2,452,615,460 |
-0.27 |
2,459,198,236 |
-0.19 |
2,463,993,072 |
34,254,871 |
7059 |
|
SHAREHOLDERS EQUITY |
||||||||
|
|
Issued share capital |
1,435,000,000 |
0 |
1,435,000,000 |
0 |
1,435,000,000 |
20,108,461 |
7036 |
|
|
Share premium account |
- |
- |
- |
- |
- |
4,700 |
- |
|
|
Reserves |
1,860,020,955 |
22.01 |
1,524,477,721 |
26.65 |
1,203,664,756 |
26,112,623 |
7023 |
|
|
Revaluation reserve |
- |
- |
- |
- |
- |
70,776 |
- |
|
|
Total shareholders equity |
3,295,020,955 |
11.34 |
2,959,477,721 |
12.16 |
2,638,664,756 |
46,225,284 |
7028 |
|
|
Working capital |
549,260,916 |
145 |
224,014,637 |
267 |
-83,871,987 |
7,769,037 |
6969 |
|
|
Cashflow |
357,928,913 |
5.57 |
339,053,601 |
38.77 |
244,333,066 |
5,174,167 |
6817 |
|
|
Net worth |
3,258,915,724 |
11.32 |
2,927,528,213 |
12.13 |
2,610,874,093 |
45,689,755 |
7032 |
|
|
||||||||
|
|
Annual accounts |
31-12-2012 |
change(%) |
31-12-2011 |
change(%) |
31-12-2010 |
Industry average 2012 |
% |
|
TRADING PERFORMANCE |
||||||||
|
|
||||||||
|
|
Profit Before Tax |
25.78 |
10.50 |
23.33 |
-3.71 |
24.23 |
1.495,00 |
-98.28 |
|
|
Return on capital employed |
7.35 |
9.38 |
6.72 |
6.33 |
6.32 |
-55.452,00 |
0.01 |
|
|
Return on total assets
employed |
6.97 |
9.94 |
6.34 |
11.62 |
5.68 |
2,00 |
248 |
|
|
Return on net assets
employed |
12.82 |
4.23 |
12.30 |
0.57 |
12.23 |
17,00 |
-24.59 |
|
|
Sales / net working capital |
2.98 |
-57.25 |
6.97 |
43.89 |
-15.88 |
2,00 |
-99 |
|
|
Stock turnover ratio |
7.71 |
-9.08 |
8.48 |
16.48 |
7.28 |
17,00 |
-54.65 |
|
|
Debtor days |
46.68 |
13.69 |
41.06 |
0.96 |
40.67 |
111,00 |
-57.95 |
|
|
Creditor days |
54.77 |
-9.83 |
60.74 |
-7.27 |
65.50 |
72,00 |
-23.93 |
|
SHORT TERM STABILITY |
||||||||
|
|
Current ratio |
2.73 |
60.59 |
1.70 |
97.67 |
0.86 |
3,00 |
-31.75 |
|
|
Liquidity ratio / acid ratio |
2.33 |
80.62 |
1.29 |
86.96 |
0.69 |
2,00 |
16.50 |
|
|
Current debt ratio |
0.10 |
-9.09 |
0. 11 |
-50.0 |
0.22 |
4,00 |
-97.50 |
|
|
Liquidity ratio reprocessed |
- |
- |
- |
- |
- |
- |
- |
|
LONG TERM STABILITY |
||||||||
|
|
Gearing |
72.41 |
-10.18 |
80.62 |
-10.84 |
90.42 |
260,00 |
-72.15 |
|
|
Equity in percentage |
54.65 |
5.36 |
51.87 |
11.17 |
46.66 |
69,00 |
-20.80 |
|
|
Total debt ratio |
0.84 |
-10.64 |
0.94 |
-18.26 |
1.15 |
6,00 |
-86.00 |
Industry comparison
|
||
|
Activity code |
28120 |
|
|
Activity description |
Manufacture of fluid power
equipment |
|
|
industry average credit rating |
69.90 |
|
|
Industry average credit limit |
250487.07 |
|
Total number of Invoices available_______________________________________________________________ 98
Total number of Invoices paid within or up to 30
days after the due date______________________________ 28
Total number of Invoices paid more than 30 days
after the due date__________________________________ 41
Total number of Invoices currently outstanding where
the due date has not yet been reached___________ 11.
Total number of Invoices currently outstanding
beyond the due date_________________________________ 18
Payment expectation days 54.77
Day sales outstanding 46.68
|
Activity code |
28120 |
|
Activity description |
Manufacture of fluid power equipment |
|
Industry average payment expectation days |
84.98 |
|
Industry average day sales outstanding |
100.13 |
|
Industry quartile analysis |
|
|
Payment expectations |
|
|
Company result |
54.77 |
|
Lower |
108.29 |
|
Median |
85.58 |
|
Upper |
58.81 |
|
Day sales outstanding |
|
|
Company result |
46.68 |
|
Lower |
92.22 |
|
Median |
54.31 |
|
Upper |
35.27 |
|
Summary |
|
|
Group - Number of Companies |
6 |
|
Linkages - Number of
Companies |
163 |
|
Number of Countries |
46 |
|
Group Structure |
|||
|
Company name |
Number |
Latest financials |
|
|
- - ATLAS COPCO AIRPOWER NV |
403992231 |
31-12-2012 |
|
|
----- ATLAS COPCO FINANCE EUROPE NV |
439928751 |
31-12-2013 |
|
|
----- ATLAS COPCO RENTAL EUROPE NV |
452503614 |
31-12-2013 |
|
|
- - ATLAS COPCO FINANCE BELGIUM BVBA |
821054421 |
31-12-2013 |
|
|
- - INTERNATIONAL COMPRESSOR DISTRIBUTION NV |
443607625 |
31-12-2012 |
|
Minority Shareholders
No minority shareholders found
Minority Interests
No minority interests found
Group - Number of Companies 6
Linkages - Number of Companies 163
Number of Countries 46
Business number 403992231
Bankruptcy details
There is no bankruptcy data against this company
Court data
There is no data for this company
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.16 |
|
|
1 |
Rs.98.62 |
|
Euro |
1 |
Rs.77.67 |
INFORMATION DETAILS
|
Report Prepared
by : |
SMN |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or
its officials.