Attachment 1
NAME
ABB
AUTOMATION TECHNOLOGIES AB
Attachment 1
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Order Name |
ABB AUTOMATION TECHNOLOGIES AB |
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Order Address |
1) 721 68 Vasteras 2) Box 6140 721 57
Vasteras |
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Report
Update On |
17th August 2005 |
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Correct Name |
ABB AUTOMATION TECHNOLOGIES AB |
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Registered Office |
721 83 Vasteras, Sweden. |
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Tel. No. |
+46-21-32 50 00 |
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Fax No. |
-- |
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E-Mail |
-- |
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Web Site. |
-- |
Attachment 2
SUMMARY
|
Incorporated |
1959 |
Status |
Satisfactory |
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Registration No. |
556069-8697 |
Chief Executive |
Sten Ja Kobsson |
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Capital (TSEK) |
280.000 |
Payments |
Slow |
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Sales (TSEK) |
1.258.220 |
Litigation |
Exists |
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Net Worth (TSEK) |
1.638.278 |
Banking Reputation |
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No. of Employees |
623 |
Auditors |
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SCORE |
Ba |
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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%)
|
Line of Business |
1) Manufacture of electricity
distribution and control apparatus. |
|
|
2) Manufacture of industrial
process control equipment. |
Summary
|
ABB Automation Technologies AB |
Company no |
556069-8697 |
|
721 83 Västerås |
Telephone |
+46-21-32 50 00 |
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Debt with the Enforcement Service
Balance of debt with the Enforcement Service
as at 2005-05-06 is 14,3 TSEK.
Group of companies
Part of ABB AB-group
Note: Merger with ABB Industry service AB
(556321-9285) in
progress. The activity will be run in ABB
Automation Technologies AB after the merger.
Note: The company has claims and payment
complaints less than 6 months old.
Most recent events
|
Tax arr. - road traff |
2005-04 |
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Tax arr. - road traff |
2005-04 |
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Tax arr. - road traff |
2005-04 |
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Tax arr. - road traff |
2005-04 |
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Credit opinion
Risk forecast: < 0,5 %
The forecast states the probability that the
company will become insolvent within 24 months.
Industry Risk Forecast: 1,0 %
Median value for limited company in industry
31200, such as
Manufacture of electricity distribution and
control apparatus.
Other information may of course affect your
assessment of the risk
Credit limit: 10.000 TSEK(=maximum limit at UC)
Applies to short-term credit facilities. The
limit has been set using
a formula that takes into consideration the
annual accounts included in this credit report and the current credit rating.
Other information may of course influence the size of the credit you may grant.
General information and history
|
Legal form |
Limited company, private |
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Vat-number |
SE 556069869701 |
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Registered office |
Västerås municipality
in Västmanlands county |
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Number of locations |
44 |
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Description of business
activities |
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Manufact of electricity
distribution and control apparatus. |
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(Main business according to
Statistics Sweden, SNI2002: 31200) |
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Manufacture of industrial
process control equipment |
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(Subsidiary business according
to Statistics Sweden, SNI2002: 33300) |
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History |
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1959-10 |
Comp reg under the current reg
no and name: Ingeniörfirma Torsten Ljungström AB |
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1983-04 |
Changed name to: AB Norrahammars
Spisar |
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1986-07 |
Changed name to: AB Cythere
Vägningsutrustning |
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1987-02 |
Changed name to: Asea Automation
AB |
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1988-02 |
Changed name to: ABB Automation
AB |
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1993-04 |
Company registered to pay
business tax |
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1994-02 |
Changed name to: ABB Industrial
Systems AB |
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--- |
Company registered to pay VAT |
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--- |
Company registered to pay
employer contributions |
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1994-05 |
Operations taken over from ABB
Drives AB (556120-2846) |
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1994-08 |
Operations taken over from ABB
Drives AB (556120-2846) |
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1998-10 |
Changed name to: ABB Automation
Systems AB |
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2001-02 |
Operations taken over from
Wm-Data Construction Engineering AB (556454-6751) |
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2001-06 |
Taken over ABB Fläkt Marine AB
through merger |
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2001-07 |
Changed name to: ABB Process
Industries AB |
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2001-10 |
Operations taken over from ABB
Fläkt Marine AB (556260-5757) |
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2002-06 |
Changed name to: ABB Industries
AB |
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2002-06 |
Sten Jakobsson new Managing
Director |
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2003-07 |
Taken over ABB Motors Central
Stock Nordic AB through merger |
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2003-07 |
Taken over ABB Manufacturing
& Consumer Industries AB through merger |
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2003-07 |
Taken over ABB Automation
Technology Products AB through merger |
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2003-07 |
Taken over ABB Teknikservice AB
through merger |
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2003-07 |
Taken over ABB Fullservice AB
through merger |
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2003-07 |
Taken over ABB
Livsmedelsunderhåll AB through merger |
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2003-07 |
Taken over ABB Pappersunderhåll
AB through merger |
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2003-07 |
Taken over ABB Service AB
through merger |
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2003-10 |
Articles of Association adopted |
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2004-01 |
Operations taken over from ABB
Fullservice AB (556076-9217) |
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2004-01 |
Operations taken over from ABB
Service AB (556024-5440) |
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2004-01 |
Operations taken over from ABB Livsmedelsunderhåll AB (556264-8088) |
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2004-01 |
Company reg under the current
name |
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2004-10 |
Merger in progress |
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Matters pending with Registration Office
No notes of imminent changes
Non categorized information
The company/part of the company is ISO-9001
certified
The company/part of the company is ISO-14001
certified
Customs have granted the company to bring
home goods/credit permit
Note: Merger with ABB Industriservice AB
(556321-9285) in progress. The activity will be run in ABB Automation
Technologies AB after the merger.
Note: Note that the company took over ABB
Teknikservice AB through merger in 3-07.
Board of directors etc
Board members according to Reg Office
Board members etc reg prior to 1991-04 unless
otherwise stated.
|
Sten Jakobsson, Birth:1949 |
MD and Regular member |
Reg. in company 2002-06-12 |
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Harriet Piscator, Birth:1957 |
Regular member |
Reg. in company 2001-07-12 |
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Johan Söderström, Birth:1962 |
Regular member |
Reg. in company 2003-01-20 |
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Magnus Örnberg, Birth:1965 |
Regular member |
Reg. in company 2002-06-12 |
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Gunnar Björkenor, Birth:1951 |
Deputy member |
Reg. in company 2001-11-16 |
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Lars Håkan Gustavsson, Birth:1946 |
Reg. memb. and empl. repr. |
Reg. in company 2003-02-26 |
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Alf Nils Bertil Nordqvist, Birth:1952 |
Reg. memb. and empl. repr. |
Reg. in company 2003-02-26 |
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Bo Larsson, Birth:1956 |
Reg. memb. and empl. repr. |
Reg. in company 2003-10-15 |
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Luciano Mario Guerrino Avian, Birth:1941 |
Dep. memb. and empl. repr. |
Reg. in company 2003-02-26 |
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Bo
Erling Larsson,
Birth:1945
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Dep. memb. and empl. repr. |
Reg. in company 2003-02-26 |
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Kjell
Erik Anders Ovemar, Birth:1951
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Dep. memb. and empl. repr. |
Reg. in company 2003-10-15 |
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Ernst
& Young AB |
Revisionsföretag |
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Board members etc that have left
the company during the last two years |
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Werner Oberer, Birth:1939 |
Reg. memb. and empl. repr. |
Reg. in company 2003-02-26 |
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Deregistered 2003-10-15 |
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Voitto Riihimäki, Birth:1964 |
Dep. memb. and empl. repr. |
Reg. in company 2003-02-26 |
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Deregistered 2003-10-15 |
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Authorized signatory (available
in Swedish only) |
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Firman tecknas av styrelsen |
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firman tecknas två i förening av |
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-Bergstrand,
Sven Jonas |
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-Eckerrot,
Hans Torsten |
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-Jakobsson, Sten
Erik |
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-Nylander,
Lars Erik Anders |
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-Piscator,
Karin Harriet Kristina |
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-Ramström, Karl-Gustav |
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-Söderström, Frank Johan |
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-Örnberg, Ulf
Magnus |
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Eller en av dem i förening med |
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-Hendel, Thomas |
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-Larsson, Eva Josefin |
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-Thygesen, Leif Hugo |
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Dessutom har verkställande
direktören rätt att teckna firman |
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beträffande
löpande förvaltningsåtgärder |
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External authorised signatories |
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Leif Hugo Thygesen, Birth:1949 |
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'Hans' Torsten Eckerrot,
Birth:1950 |
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'Karl-Gustav' Ramström,
Birth:1954 |
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'Eva' Josefin Larsson, Birth:1957
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Lars Erik 'Anders' Nylander,
Birth:1961 |
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Sven 'Jonas' Bergstrand,
Birth:1965 |
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'Thomas' Hendel, Birth:1966 |
Group relationship etc
|
Ultimate parent company |
As of |
Comments |
|
ABB
Participation AB, 556011-5114 |
2003-12 |
Cr. rating 5 |
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Shareholder in ultimate parent company |
Ownership |
As of |
Comments |
|
ABB Asea Brown Boveri Ltd,
Switzerland |
100 % |
2004-06 |
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Parent company
etc |
Proprietary
int |
As of |
Comments |
|
ABB AB, 556029-7029 |
100 % |
2003-12 |
Cr. rating 5 |
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For a complete specification of subsidiaries
etc, see enclosure
Annual accounts
and ratios
|
Annual accounts |
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Inc. statement in TSEK |
0301-0312 |
0201-0212 |
0101-0112 |
0001-0012 |
9901-9912 |
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|
Net sales |
+1.258.220 |
+1.376.856 |
+2.418.355 |
+2.101.765 |
+1.919.436 |
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|
Profit/loss after financial
items |
-155.293 |
-164.242 |
-192.250 |
+22.949 |
-46.761 |
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Balance sheet in TSEK |
0301-0312 |
0201-0212 |
0101-0112 |
0001-0012 |
9901-9912 |
|
Total fixed assets |
1.867.831 |
722.405 |
273.364 |
96.328 |
67.977 |
|
Total current assets |
751.999 |
810.807 |
1.510.130 |
1.267.978 |
1.505.261 |
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Total equity |
1.638.278 |
672.189 |
379.780 |
508.717 |
510.447 |
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Total long-term liabilities |
141.259 |
141.259 |
141.259 |
0 |
18.006 |
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Total current liabilities |
794.551 |
688.955 |
1.166.524 |
812.122 |
692.695 |
|
Total equity and liabilities |
2.619.830 |
1.533.212 |
1.783.494 |
1.364.306 |
1.573.238 |
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Notes etc |
0301-0312 |
0201-0212 |
0101-0112 |
0001-0012 |
9901-9912 |
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Employees |
623 |
557 |
1.153 |
1.101 |
869 |
|
Audit report |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
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Ratios |
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|
Ratios 1) |
|
0301-0312 |
0201-0212 |
0101-0112 |
0001-0012 |
9901-9912 |
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Equity/assets % |
38,6 1)
|
62,8 |
44,0 |
22,0 |
38,3 |
33,1 |
|
Consolidation Ratio % |
42,8
1) |
62,9 |
44,1 |
22,3 |
38,8 |
33,4 |
|
Quick ratio % |
127,0
1) |
61,5 |
86,0 |
77,5 |
112,6 |
174,8 |
|
Return on total assets % |
9,3 1)
|
-5,6 |
-10,4 |
-10,5 |
1,7 |
-2,3 |
|
Cash Flow/Total liabilities % |
18,2
1) |
-11,4 |
-19,1 |
-13,0 |
3,7 |
2,3 |
|
Risk margin % |
6,1 1)
|
-6,4 |
-11,0 |
-10,8 |
1,7 |
-3,3 |
Values for the industry in 2003 =
Median for companies with at least
20 employees in
industry 33000 i.e. Manufact of medical, precision and optical
instr, watches, clocks
Analysis of the annual accounts (three years)
Profitability
Return on assets is negative in spite of
increasing profitability.
Note: the forecast for the company's insolvency
is very low.
Note: The company is not obliged to prepare
consolidated accounts since it is a parent company that is included in another
company's consolidated accounts.
For the complete annual accounts and all
ratios, see enclosure
Other financial information
|
Share capital |
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Total |
280.000 TSEK |
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The most recently
registered changes in the share capital
|
1996-05 |
209.100 TSEK |
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New issue |
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1987-09 |
9.300 TSEK |
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New issue |
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1987-03 |
61.550 TSEK |
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New issue |
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Chattel mortgages
We have not been notified about any chattel
mortgages.
Unprivileged claims in clients' bankruptcies
In the last 2 yr. there have been 12 claims
reg of tot. 1.242,9 TSEK
Konkursfordringar registrerade per
6-månadersperiod
|
Period |
Amount |
Number |
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0412- 0505 |
0 TSEK |
0 |
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0406- 0411 |
623,4 TSEK |
2 |
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0312- 0405 |
595,3 TSEK |
9 |
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0306- 0311 |
24,3 TSEK |
1 |
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The most recent
claims in bankruptcy against clients
|
Date |
Amount |
Debtor |
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2004-10 |
574,0 TSEK |
Ferroswed AB |
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2004-09 |
49,5 TSEK |
Nya Sundsvalls Plast AB |
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2004-04 |
49,6 TSEK |
Prometek AB |
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2004-04 |
16,5 TSEK |
Cementgjuteriet i Motala AB |
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2004-02 |
75,1 TSEK |
Mici
Elektronik AB |
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Properties
Owns 100 % of 1 property, ass. at 6.970 TSEK
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Designation |
Plogen 1 |
Owns |
100 % |
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Municipality |
Sollefteå |
Acquisition
date |
2004-01-02 |
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Property type |
423, Industrial unit, metal and engineering industry |
Assessed value in 2004 |
6.970 TSEK |
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Area |
3 ha |
Jointly assessed |
No |
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Type of acquisition |
Merger |
Purchase price |
Unknown |
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For complete list of properties, see
enclosure
Payment complaints, etc
22 payment complaints totalling 29,1 TSEK
have been registered.
25 claims totalling 343,3 TSEK have been
registered.
For a detailed specification of complaints,
see enclosure
|
Debt with the Enforcement
Service on 2005-05-06 |
|
Public claims |
14.286 SEK |
|
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|
Private claims |
0 SEK |
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|
Total |
14.286 SEK |
|
Balance of debt refers to unsettled debt with
the Enforcement Service. Note that
the balance of debt sometimes includes claims
which are also reported as
payment complaints.
Note: The company has claims and payment complaints
less than 6 months old.
Payment
complaints, claims etc
22 payment complaints totalling 29,1 TSEK
have been registered.
25 claims totalling 343,3 TSEK have been
registered.
|
Payment complaints |
Date |
Amount
SEK |
|
Creditor |
|
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|
Tax
arrears - road traff |
2005-04 |
1.197 |
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Tax
arrears – road traff |
2005-04 |
1.923 |
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Tax
arrears - road traff |
2005-04 |
1.967 |
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Tax
arrears - road traff |
2005-04 |
2.116 |
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Tax
arrears - road traff |
2005-04 |
2.116 |
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Tax
arrears - road traff |
2005-02 |
707 |
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Tax
arrears - road traff |
2005-02 |
1.260 |
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Tax
arrears - road traff |
2005-01 |
1.645 |
|
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Tax
arrears - road traff |
2004-10 |
1.140 |
|
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Tax
arrears - road traff |
2004-09 |
1.352 |
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Tax
arrears - road traff |
2004-09 |
1.352 |
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Tax
arrears - road traff |
2004-08 |
185 |
|
|
|
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|
Tax
arrears - road traff |
2004-08 |
431 |
|
|
|
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|
Tax
arrears - road traff |
2004-08 |
1.148 |
|
|
|
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|
Parking
penalt. arrears |
2002-06 |
350 |
|
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|
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|
Tax
arrears - road traff |
2002-05 |
904 |
|
|
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|
Tax
arrears - road traff |
2002-05 |
1.507 |
|
|
|
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|
Tax
arrears - road traff |
2002-02 |
1.352 |
|
|
|
|
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|
Tax
arrears - road traff |
2002-02 |
2.265 |
|
|
|
|
||||
|
Tax
arrears - road traff |
2001-10 |
1.886 |
|
|
|
|
||||
|
Parking
penalt. arrears |
2001-08 |
600 |
|
|
|
|
||||
|
Tax
arrears - road traff |
2001-08 |
1.663 |
|
|
|
|
||||
|
Claims |
|
Amount
SEK |
|
Creditor |
|
Pet. for inj. to pay |
2005-04 |
160 |
|
Ingram Micro
AB |
|
|
|
|
|
|
|
Pet. for inj. to pay |
2005-03 |
10.920 |
|
Nordea Bank Sverige AB |
|
|
|
|
|
|
|
Pet. for inj. to pay |
2005-03 |
31.019 |
|
Yit Building Systems AB |
|
|
|
|
|
|
|
Pet. for inj. to pay |
2005-02 |
117 |
|
Snb Svenska Nätverksakut |
|
|
|
|
|
|
|
Pet. for inj. to pay |
2004-11 |
160 |
|
Hedins Trä & Bygg i Väst |
|
|
|
|
|
|
|
Pet. for inj. to pay |
2004-11 |
3.288 |
|
Aga Gas AB |
|
|
|
|
|
|
|
Pet. for inj. to pay |
2004-10 |
589 |
|
Yit Building Systems AB |
|
|
|
|
|
|
|
Pet. for inj. to pay |
2004-08 |
822 |
|
Aga Gas AB |
|
|
|
|
|
|
|
Pet. for inj. to pay |
2004-06 |
4.819 |
|
Schneider
Electric AB |
|
|
|
|
|
|
|
Pet. for inj. to pay |
2004-05 |
580 |
|
Il Recycling Service AB |
|
|
|
|
|
|
|
Pet. for inj. to pay |
2004-05 |
160 |
|
Hedins
Trä & Bygg i Väst |
|
|
|
|
|
|
|
Pet. for inj. to pay |
2004-05 |
9.252 |
|
Schneider
Electric AB |
|
|
|
|
|
|
|
Pet. for inj. to pay |
2004-05 |
532 |
|
Yit
Building Systems AB |
|
|
|
|
|
|
|
Pet. for inj. to pay |
2004-04 |
160 |
|
Europeisk
Biluthyrning A |
|
|
|
|
|
|
|
Pet. for inj. to pay |
2004-04 |
221.004 |
|
Cesam
Consulting Aktiebo |
|
|
|
|
|
|
|
Pet. for inj. to pay |
2004-02 |
5.513 |
|
IBM Svenska AB |
|
|
|
|
|
|
|
Pet. for inj. to pay |
2004-02 |
160 |
|
Dustin
Partner AB |
|
|
|
|
|
|
|
Pet. for inj. to pay |
2003-12 |
2.481 |
|
Tdc
Förlag AB (Företags |
|
|
|
|
|
|
|
Pet. for inj. to pay |
2003-11 |
28.956 |
|
Berglund, Stig Göte Elis |
|
|
|
|
|
|
|
Pet. for inj. to pay |
2003-09 |
160 |
|
Fyrvent
AB |
|
|
|
|
|
|
|
Pet. for inj. to pay |
2003-08 |
4.569 |
|
United
Parcel Service Sw |
|
|
|
|
|
|
|
Pet. for inj. to pay |
2003-07 |
150 |
|
Hedins
Trä & Bygg i Väst |
|
|
|
|
|
|
|
Pet. for inj. to pay |
2003-02 |
1.004 |
|
Stadshotellet i Lidköpin |
|
|
|
|
|
|
|
Pet. for inj. to pay |
2003-01 |
2.489 |
|
Netonnet AB
(Publ) |
|
|
|
|
|
|
|
Pet. for inj. to pay |
2003-01 |
14.203 |
|
Aga Gas AB |
|
|
|
|
|
|
|
Debt with the Enforcement
Service on 2005-05-06 |
|
Public claims |
14.286 SEK |
|
|
|
||
|
Private claims |
0 SEK |
|
|
|
||
|
Total |
14.286 SEK |
|
Balance of debt refers to unsettled debt with
the Enforcement Service. Note that the balance of debt sometimes includes
claims
which are also reported as payment
complaints.
Note: The Company has claims and payment
complaints less than 6 months old.
Annual accounts and ratios
|
Annual accounts |
||||||||||||||
|
Inc. statement in TSEK |
0301-0312 |
0201-0212 |
0101-0112 |
0001-0012 |
9901-9912 |
|
||||||||
|
Net sales |
+1.258.220 |
+1.376.856 |
+2.418.355 |
+2.101.765 |
+1.919.436 |
|
||||||||
|
Change in inventories of prod etc |
+27.683 |
+23.093 |
+49.404 |
+2.490 |
-153.134 |
|
||||||||
|
Raw materials/ consumbles |
-548.386 |
-782.439 |
-1.460.389 |
-1.128.334 |
-1.021.338 |
|
||||||||
|
Other external costs |
-430.337 |
-317.472 |
-413.111 |
-376.275 |
-289.274 |
|
||||||||
|
Personnel costs |
-436.503 |
-450.468 |
-731.398 |
-636.769 |
-496.717 |
|
||||||||
|
Depreciation |
-4.593 |
-4.309 |
-13.012 |
-11.250 |
-9.092 |
|
||||||||
|
Items affecting comparability |
-30.262 |
-16.625 |
-46.043 |
+62.885 |
0 |
|
||||||||
|
Operating profit/loss |
-164.178 |
-171.364 |
-196.194 |
+14.512 |
-50.119 |
|
||||||||
|
|
||||||||||||||
|
Result
from participations in group and associated companies |
+7.729 |
+2.604 |
0 |
0 |
0 |
|
||||||||
|
Interest
income group companies |
+8.751 |
+9.470 |
+8.618 |
+8.774 |
+13.999 |
|
||||||||
|
External
interest income |
+166 |
0 |
+307 |
0 |
0 |
|
||||||||
|
Total
financial income |
+16.646 |
+12.074 |
+8.925 |
+8.774 |
+13.999 |
|
||||||||
|
Interest
expense to group companies |
-163 |
-4.952 |
-4.918 |
-116 |
-159 |
|
||||||||
|
External
interest expenses |
-7.598 |
0 |
-63 |
-221 |
-10.482 |
|
||||||||
|
Total
financial expenses |
-7.761 |
-4.952 |
-4.981 |
-337 |
-10.641 |
|
||||||||
|
Profit/loss
after financial items |
-155.293 |
-164.242 |
-192.250 |
+22.949 |
-46.761 |
|
||||||||
|
|
||||||||||||||
|
Profit/loss
before appropriations |
-155.293 |
-164.242 |
-192.250 |
+22.949 |
-46.761 |
|
||||||||
|
Appropriations |
-47 |
+167.643 |
+1.766 |
+4.967 |
+3.312 |
|
||||||||
|
Group
contribution |
0 |
0 |
+191.351 |
-9.503 |
+45.363 |
|
||||||||
|
Profit/loss
before tax |
-155.340 |
+3.401 |
+867 |
+18.413 |
+1.914 |
|
||||||||
|
Tax |
+40.078 |
-3.462 |
-603 |
-3.154 |
+61.544 |
|
||||||||
|
Net
profit/loss for the year |
-115.262 |
-61 |
+264 |
+15.259 |
+63.458 |
|
||||||||
|
Balance sheet in TSEK |
0301-0312 |
0201-0212 |
0101-0112 |
0001-0012 |
9901-9912 |
|
|
Concessions, patents, licences,
trademarks and similar rights |
0 |
0 |
0 |
835 |
1.670 |
|
|
Goodwill |
13.170 |
5.263 |
31.440 |
37.893 |
0 |
|
|
Other intangible assets |
569 |
274 |
13.846 |
1.960 |
3.178 |
|
|
Total intangible assets |
13.739 |
5.537 |
45.286 |
40.688 |
4.848 |
|
|
Land
and buildings |
0 |
0 |
3.332 |
3.066 |
3.285 |
|
|
Machinery |
3.462 |
2.326 |
5.465 |
7.516 |
6.144 |
|
|
Equipment |
1.524 |
1.787 |
5.986 |
8.143 |
8.337 |
|
|
Total
machinery and equipment |
4.986 |
4.113 |
11.451 |
15.659 |
14.481 |
|
|
Other
tangible assets |
113 |
0 |
0 |
568 |
0 |
|
|
Total
tangible assets |
5.099 |
4.113 |
14.783 |
19.293 |
17.766 |
|
|
Participations
in group and associated companies |
1.319.963 |
330.104 |
2.001 |
2.001 |
0 |
|
|
Other
financial assets |
529.030 |
382.651 |
211.294 |
34.346 |
45.363 |
|
|
Total
financial assets |
1.848.993 |
712.755 |
213.295 |
36.347 |
45.363 |
|
|
Total
fixed assets |
1.867.831 |
722.405 |
273.364 |
96.328 |
67.977 |
|
|
|
||||||
|
Work
in progress on contract |
0 |
46.251 |
111.669 |
0 |
0 |
|
|
Other inventories |
263.603 |
172.225 |
494.399 |
353.914 |
294.425 |
|
|
Total inventories |
263.603 |
218.476 |
606.068 |
353.914 |
294.425 |
|
|
Accounts receivable |
152.428 |
200.521 |
484.125 |
451.266 |
593.372 |
|
|
Other current receivables |
133.287 |
100.963 |
159.670 |
319.807 |
39.452 |
|
|
Total current receivables |
285.715 |
301.484 |
643.795 |
771.073 |
632.824 |
|
|
Total
short-term investments |
0 |
0 |
70.000 |
25.000 |
525.000 |
|
|
Total
cash and bank balances |
202.681 |
290.847 |
190.269 |
117.991 |
53.012 |
|
|
Total current assets |
751.999 |
810.807 |
1.510.130 |
1.267.978 |
1.505.261 |
|
|
|
||||||
|
Total assets |
2.619.830 |
1.533.212 |
1.783.494 |
1.364.306 |
1.573.238 |
|
|
Balance sheet in TSEK |
0301-0312 |
0201-0212 |
0101-0112 |
0001-0012 |
9901-9912 |
|
|
Share capital |
280.000 |
280.000 |
280.000 |
280.000 |
280.000 |
|
|
Other restricted equity |
60.080 |
60.080 |
60.080 |
60.080 |
60.080 |
|
|
Group contribution |
86.886 |
0 |
0 |
0 |
0 |
|
|
Shareholders’ contribution |
992.740 |
317.840 |
25.371 |
0 |
0 |
|
|
Profit/loss brought forward |
333.834 |
14.330 |
14.065 |
153.378 |
106.909 |
|
|
Net profit/loss for the year |
-115.262 |
-61 |
264 |
15.259 |
63.458 |
|
|
Total equity |
1.638.278 |
672.189 |
379.780 |
508.717 |
510.447 |
|
|
|
||||||
|
Total untaxed reserves |
9.790 |
4.253 |
18.601 |
20.366 |
15.397 |
|
|
Total provisions |
35.952 |
26.556 |
77.330 |
23.101 |
336.693 |
|
|
Liabilities
to group and associated companies |
141.259 |
0 |
141.259 |
0 |
18.006 |
|
|
Other
long-term liabilities |
0 |
141.259 |
0 |
0 |
0 |
|
|
Total
long-term liabilities |
141.259 |
141.259 |
141.259 |
0 |
18.006 |
|
|
|
||||||
|
Accounts payable |
126.834 |
121.816 |
317.528 |
189.925 |
218.698 |
|
|
Other current liabilities |
667.717 |
567.139 |
848.996 |
622.197 |
473.997 |
|
|
Total current liabilities |
794.551 |
688.955 |
1.166.524 |
812.122 |
692.695 |
|
|
|
||||||
|
Total equity and liabilities |
2.619.830 |
1.533.212 |
1.783.494 |
1.364.306 |
1.573.238 |
|
|
Notes etc in TSEK |
0301-0312 |
0201-0212 |
0101-0112 |
0001-0012 |
9901-9912 |
|
Employees |
623 |
557 |
1.153 |
1.101 |
869 |
|
Salaries board/MD |
0 |
1.045 |
1.119 |
1.369 |
1.263 |
|
Salaries others |
290.310 |
280.093 |
468.014 |
417.720 |
324.511 |
|
Total salaries |
290.310 |
281.138 |
469.133 |
419.089 |
325.774 |
|
Bonus to board/MD |
0 |
0 |
0 |
0 |
79 |
|
Total salaries and remuneration |
290.310 |
281.138 |
469.133 |
419.089 |
325.853 |
|
Social security expenses |
146.193 |
169.330 |
262.265 |
217.680 |
170.889 |
|
Dividend |
0 |
0 |
0 |
153.000 |
16.988 |
|
Contractual severance pay |
No |
No |
No |
No |
Yes |
|
Total depreciation |
4.593 |
4.309 |
13.012 |
11.250 |
9.092 |
|
Total pledged assets |
0 |
0 |
0 |
0 |
0 |
|
Other contingent liabilities |
9.790 |
4.763 |
7.208 |
6.358 |
6.000 |
|
Total contingent liabilities |
9.790 |
4.763 |
7.208 |
6.358 |
6.000 |
|
Audit report |
0301-0312 |
0201-0212 |
0101-0112 |
0001-0012 |
9901-9912 |
|
Audit report |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
Original annual account |
|||||
|
Order by additional choice |
Yes |
Yes |
Yes |
Yes |
Yes |
|
Ratios 1) |
|
|||||||||||||
|
Profitability |
|
0301-0312 |
0201-0212 |
0101-0112 |
0001-0012 |
9901-9912 |
|
|||||||
|
Return on equity % |
18,0 1) |
-9,4 |
-24,3 |
-48,9 |
4,4 |
-9,0 |
|
|||||||
|
Return on total assets % |
9,3 1) |
-5,6 |
-10,4 |
-10,5 |
1,7 |
-2,3 |
|
|||||||
|
Average interest rate % |
-2,4 1) |
-0,8 |
-0,6 |
-0,4 |
-0,0 |
-1,0 |
|
|||||||
|
Risk margin % |
6,1 1) |
-6,4 |
-11,0 |
-10,8 |
1,7 |
-3,3 |
|
|||||||
|
Gross margin % |
6,8 1) |
-12,7 |
-12,1 |
-7,6 |
1,2 |
-2,1 |
|
|||||||
|
Operating margin % |
5,0 1) |
-13,0 |
-12,4 |
-8,1 |
0,7 |
-2,6 |
|
|||||||
|
Net margin % |
4,7 1) |
-12,3 |
-11,9 |
-7,9 |
1,1 |
-2,4 |
|
|||||||
|
Interest cover |
5,7 1) |
-19,0 |
-32,2 |
-37,6 |
69,1 |
-3,4 |
|
|||||||
|
Capital circulation |
|
|||||||||||||
|
Capital turnover rate |
1,6 1) |
0,5 |
0,9 |
1,4 |
1,5 |
1,2 |
|
|||||||
|
Cash Flow/Total liabilities % |
18,2 1) |
-11,4 |
-19,1 |
-13,0 |
3,7 |
2,3 |
|
|||||||
|
Cash fl/finexp % |
512,9 1) |
<-999,9 |
<-999,9 |
<-999,9 |
>999,9 |
224,4 |
|
|||||||
|
Self-financing ratio % |
198,8 1) |
-9,6 |
-36,4 |
-101,6 |
109,5 |
- |
|
|||||||
|
Stock turnover/year |
6,8 1) |
4,8 |
6,3 |
4,0 |
5,9 |
6,5 |
|
|||||||
|
Turnover/employee TSEK |
1.308,0
1) |
2.019,0 |
2.471,0 |
2.097,0 |
1.908,0 |
2.208,0 |
|
|||||||
|
Lab costs/turnover % |
-22,3 1) |
-23,1 |
-20,4 |
-19,4 |
-19,9 |
-17,0 |
|
|||||||
|
Working capital/turn % |
19,1
1) |
-3,4 |
8,8 |
14,2 |
21,7 |
42,3 |
|
|||||||
|
Acc rec/turnover % |
11,7 1) |
12,1 |
14,6 |
20,0 |
21,5 |
30,9 |
|
|||||||
|
Stock/turnover % |
13,5 1) |
21,0 |
15,9 |
25,1 |
16,8 |
15,3 |
|
|||||||
|
Short liabilities/turnover % |
20,1 1) |
63,1 |
50,0 |
48,2 |
38,6 |
36,1 |
|
|||||||
|
Customer credit time |
45,2 1) |
35,0 |
62,2 |
48,3 |
62,1 |
- |
|
|||||||
|
Credit period granted |
20,6 1) |
24,7 |
39,9 |
26,2 |
24,3 |
- |
|
|||||||
|
Liquidity |
||||||||||||||
|
Current ratio % |
190,1 1) |
94,6 |
117,7 |
129,4 |
156,1 |
217,3 |
|
|||||||
|
Quick ratio % |
127,0 1) |
61,5 |
86,0 |
77,5 |
112,6 |
174,8 |
|
|||||||
|
Consolidation |
||||||||||||||
|
Equity/assets % |
38,6 1) |
62,8 |
44,0 |
22,0 |
38,3 |
33,1 |
|
|||||||
|
Consolidation Ratio % |
42,8 1) |
62,9 |
44,1 |
22,3 |
38,8 |
33,4 |
|
|||||||
|
Debt/equity ratio |
1,4 1) |
0,6 |
1,3 |
3,5 |
1,6 |
2,0 |
|
|||||||
|
Risk ratio |
5,5 1) |
0,6 |
0,7 |
1,9 |
1,2 |
1,2 |
|
|||||||
|
Fixed assets structure |
||||||||||||||
|
Financial
assets structure % |
25,4 1) |
99,0 |
98,7 |
78,0 |
37,7 |
66,7 |
|
|||||||
|
Intangible
assets structure % |
13,8 1) |
0,7 |
0,8 |
16,6 |
42,2 |
7,1 |
|
|||||||
|
Tangible
assets structure % |
73,0 1) |
0,3 |
0,6 |
5,4 |
20,0 |
26,1 |
|
|||||||
Values for the industry in 2003 =
Median for companies with at least 20 employees in
industry 33000 i.e. Manufact of medical, precision and optical
instr, watches, clocks
Analysis of the annual accounts (three years)
Turnover/Capital employed
Turnover fell very steeply in 2002. This may
indicate that the companies have completely changed their operations. If this is
the case then events etc. which have occurred previously may be irrelevant.
Profitability
Return on assets is negative in spite of
increasing profitability.
Liquidity
Quick ratio is low and decreasing.
It is primarily other current liabilities
that are increasing.
Financing
The current liabilities exceed current
assets, which means that the fixed assets are partly financed by current
liabilities.
Last yearXs cash flow is negative.
Note: the forecast for the company's insolvency
is very low.
Note: The company is not obliged to prepare
consolidated accounts since it is a parent company that is included in another
company's consolidated accounts.
Group relationship
|
Ultimate parent company |
As of |
Comments |
|
ABB
Participation AB, 556011-5114 |
2003-12 |
Cr. rating 5 |
|
|
||
|
Shareholder in ultimate parent company |
Ownership |
As of |
Comments |
|
ABB Asea Brown Boveri Ltd,
Switzerland |
100 % |
2004-06 |
|
|
|
|||
|
Parent company
etc |
Proprietary
int |
As of |
Comments |
|
ABB AB, 556029-7029 |
100 % |
2003-12 |
Cr. rating 5 |
|
|
|||
|
Subsidiary,*sub-subsidiary etc |
Ownership |
As of |
Comments |
|
ABB
Virkestorkar AB, 556155-8395 |
100 % |
2003-12 |
Acquired 2000-04 |
|
|
|||
|
Lcp-Life
Cycle Profit AB, 556338-1473 |
100 % |
2003-12 |
Acquired 2002-04 |
|
|
Inactive |
||
|
|
|||
|
ABB
Industriservice AB, 556321-9285 |
91 % |
2003-12 |
Acquired 2002-04 |
|
|
Merger |
||
|
|
|||
|
ABB
Logistic Center Europé Gmb, Germany |
51 % |
2003-12 |
|
|
|
|||
|
ABB
Industriunderhåll AB, 556183-0505 |
51 % |
2003-12 |
Acquired 2002-04 |
|
|
|||
|
Minority interests |
Proprietary
int |
As of |
Comments |
|
Industriqompetens Västra
Mälardalen AB, 556587-7759 |
39 % |
2003-12 |
|
|
|
|||
|
Fortek AB, 556053- 4926 |
25 % |
2003-12 |
Acquired 2002-04 |
|
|
|||
|
Related companies |
Comments |
|
ABB Automation Technology Products AB, 556004-3548 |
Deregistered 2004-01 Name change 2001-07 from:ABB Automation Products AB |
|
|
|
|
ABB Service AB, 556024-5440 |
Deregistered 2004-01 Name change 1988-03 from:Asea Service AB |
|
|
|
|
ABB Manufacturing & Consumer
Industries AB, 556243-0735 |
Deregistered 2004-01 Name change 2001-07 from:ABB Flexible Automation AB |
|
|
|
|
Former parent companies etc |
Ownership |
Comments |
|
ABB Norden Holding AB, 556059-8194
|
|
Ultimate parent company until 02 |
|
|
||
|
Former
subsidiaries etc |
Ownership |
Comments |
|
Kumotech AB, 556264-0317 |
51 % |
Sold 03-12 |
|
|
Former subsidiary |
|
|
|
||
|
ABB Automation Technology Products AB, 556004-3548 |
>50 % |
Deregistered 04-01 due to merger |
|
|
Former subsidiary |
|
|
|
||
|
ABB Manufacturing & Consumer
Industries AB, 556243-0735 |
100 % |
Deregistered 04-01 due to merger |
|
|
Former subsidiary |
|
|
|
||
|
ABB
Motors Central Stock Nordic AB, 556529-5341 |
51 % |
Deregistered 04-01 due to merger |
|
|
Former subsidiary |
|
|
|
||
|
ABB
Service AB, 556024-5440 |
>50 % |
Deregistered 04-01 due to merger |
|
|
Former subsidiary |
|
|
|
||
|
ABB
Fullservice AB, 556076-9217 |
100 % |
Deregistered 04-01 due to merger |
|
|
Former subsidiary |
|
|
|
||
|
ABB Livsmedelsunderhåll AB, 556264-8088 |
100 % |
Deregistered 04-01 due to merger |
|
|
Former subsidiary |
|
|
|
||
|
ABB
Pappersunderhåll AB, 556346-3594 |
100 % |
Deregistered 04-01 due to merger |
|
|
Former subsidiary |
|
|
|
||
|
ABB
Teknikservice AB, 556339-5572 |
100 % |
Deregistered 04-01 due to merger |
|
|
Former subsidiary |
|
|
|
||
|
ABB
Kmt Waterjet Systems AB, 556384-9198 |
51 % |
Sold 04-06 |
|
|
Former subsidiary |
|
|
|
||
|
ABB
Automation Technology Products AB, 556004-3548 |
>50 % |
Sold during 02 |
|
|
Former subsidiary |
|
|
|
||
|
ABB
Service AB, 556024-5440 |
>50 % |
Sold during 02 |
|
|
Former subsidiary |
|
|
|
||
|
ABB
Fullservice AB, 556076-9217 |
100 % |
Sold during 02 |
|
|
Former subsidiary |
|
|
|
||
|
ABB
Manufacturing & Consumer Industries AB, 556243-0735 |
100 % |
Sold during 02 |
|
|
Former subsidiary |
|
|
|
||
|
ABB
Livsmedelsunderhåll AB, 556264-8088 |
100 % |
Sold during 02 |
|
|
Former subsidiary |
|
|
|
||
|
ABB
Asea Skandia AB, 556276-4901 |
100 % |
Sold during 02 |
|
|
Former subsidiary |
|
|
|
||
|
ABB
Teknikservice AB, 556339-5572 |
100 % |
Sold during 02 |
|
|
Former subsidiary |
|
|
|
||
|
ABB
Pappersunderhåll AB, 556346-3594 |
100 % |
Sold during 02 |
|
|
Former subsidiary |
|
|
|
||
|
ABB
Kumotech AB, 556264-0317 |
51 % |
Sold during 02 |
|
|
Former subsidiary |
|
|
|
||
|
ABB
Fläkt Marine AB, 556260-5757 |
100 % |
Deregistered 01-10 due to merger |
|
|
Former subsidiary |
|
Real property list
|
Designation |
Municipality |
Ownership |
Ass.
value year 2004 |
|
Plogen 1 |
Sollefteå |
100 % |
6.970 TSEK |
|
|
|||
Attachment 3
ACKNOWLEDGEMENT
Dear Sir/Madam,
As part of our control
system, please fax/email us this note
upon receipt of this report. If we do not receive the acknowledgement within 24
hours, we will assume that our report meets your requirement. If you have any
suggestion to help us improve our reports and services, please do not hesitate
to let us know.
Thank you.
______________________________________________________________________________
To : MIRA INFORM PRIVATE
LIMITED
From :
To :
Feedback – Please tick
the appropriate box.
------------------------------------------------------------
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GOOD |
FAIR |
POOR |
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Content |
[
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[
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[
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Layout and
Presentation |
[
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[
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[
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Speed of Delivery |
[
] |
[
] |
[
] |
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Overall Impression |
[
] |
[
] |
[
] |
Further Comments/Suggestion :
____________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
_____________________________
Company’s Stamp &
Signature