MIRA
INFORM REPORT
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Report Date : |
24th
November, 2006 |
IDENTIFICATION
DETAILS
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Name : |
MORGARDSHAMMAR
AB |
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Registered Office : |
777 82
Smedjebacken |
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Country : |
Sweden |
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Date of Incorporation : |
1987-03 |
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Com. Reg. No.: |
556294-8868 |
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Legal Form : |
Limited company, private |
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Line of Business : |
Manufacture of machinery for metallurgy |
RATING & COMMENTS
|
MIRA’s Rating : |
Aaa |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial
base with the strongest capability for timely payment of interest and
principal sums |
Unlimited |
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Maximum Credit Limit : |
10.000 TSEK |
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Status : |
Good |
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Payment Behaviour : |
Regular
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Litigation : |
Clear |
SUMMARY
Company name : Morgårdshammar AB
Address : 777 82 Smedjebacken
Visiting address : Nya Ågatan 23
Tel..... : +46-240-66 85 00
Credit rating. : Aaa
Risk forecast. : 0,10%
Credit limit.. : 10.000 TSEK
Pmt complaints : Not reg
Claims........ : 1 pcs
Registered.... : 1987-03
Comp. No : 556294-8868
Net sales.......(05) : 328.112 TSEK
Res aft. fin.net(05) : 23.026 TSEK
Equity..........(05) : 186.085 TSEK
Employees........... : 118 pcs
Debt with the Enforcement Service, no debt was recorded on 2006-11-17. Ultimate parent company in Morgårdshammar AB-group
Note: Notification of a change in the board of directors, managing director, authorised signatory has been submitted to the Registration Office
MOST RECENT EVENTS
- New Managing Director 06-09-08
- Managing Dir. resigned 06-09-08
- New Deputy MD 06-09-08
CREDIT OPINION
Risk forecast......: 0,10%
The forecast states the probability that the company will become insolvent within 12 months.
- Explanation of company's Credit Rating and Risk Forecast
Area Influence
Closing Accounts and Key Ratios Decreases risk conside
Payment complaints and other deficiencies Neutral
Board of directors Neutral
Other information Increases risk
The strengths and weaknesses are based on the average risk for similar companies.
- Historical Credit Ratings
Date Cr. rating Riskf.cast Reason
2006-10-27 5 0,10% UC started reporting historical credit ratings
Industry Risk Forecast: 0,5%
Median value for limited company regarding industry 29510, such as Manufacture of machinery for metallurgy. Other info 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
- Vat-no............ : SE 556294886801
- Registered office.. : Smedjebacken municipality in Dalarnas county
- No of locations... : 3
Main establishment
------------------
- Designation : Head office
- Visiting address : Nya Ågatan 23, 777 50 Smedjebacken
- For a full list of establishments, see enclosure
Description of business activities
----------------------------------
- Manufacture of machinery for metallurgy
(Main business acc to SCB, SNI2002:29510)
History
-------
- 87-03 Comp reg under the current reg no and name: Premiäraktören 689 AB
- 87-06 Articles of Association adopted
- 87-08 Changed name to: Nya Morgårdshammar AB
- 87-09 Company reg under the current name
- 88-05 Operations taken over from Volvo Powertrain AB (556000-0753)
- 93-04-01 Company registered to pay business tax
- - - - Company was registered to pay VAT
- - - - Company was registered to pay employer contributions
- 00-03 Operations taken over from Centro-Met AB (556350-0585)
- 06-09-08 Dan Sandberg resigned as Managing Director
- 06-09-08 Anders Eriksson new Managing Director
Matters
pending with Reg. Office
Reg
date Jour no
----------------------------------------------------------------------
- Change regarding board, MD, authorization to sign 06-10-16 030446206
Non
categorized information
---------------------------
- The company/part of the company is ISO-9001 certified
- The company has the following SE domain(s) and possibly a home
page: www.morgardshammar.se, www.morgårdshammar.se, www.wicon.se
- Customs have granted the company to bring home goods/credit permit
BOARD OF DIRECTORS ETC
Board members according to Reg Office
-------------------------------------
Board members etc reg prior to 91-04 unless otherwise stated.
-------------------------------------------------------------
- Anders Eriksson (Birth: 1967)........ MD and Regular member
Reg. in company 06-09-08
- Giacomo Verlini (Birth: 1970)........ Deputy Managing Director
Reg. in company 06-09-08
- Åke Johansson (Birth: 1939).......... Regular member
Reg. in company 00-07-14
- Giovanni Nigris (Birth: 1954)........ Regular member
Living abroad
Reg. in company 04-08-18
- Erich Walter Grossmann............... Regular member
(Birth: 1956) Living abroad
Reg. in company 05-07-13
- Franco Alzetta (Birth: 1958)......... Regular member
Living abroad
Reg. in company 04-11-18
- Luca Ferraresi (Birth: 1965)......... Regular member
Living abroad
Reg. in company 05-07-13
- Håkan Holmqvist (Birth: 1971)........ Reg. memb. and empl. repr.
Reg. in company 04-11-18
- Hans Vikström (Birth: 1977).......... Reg. memb. and empl. repr.
Reg. in company 05-07-13
- Anders Börje Larsson (Birth: 1944)... Dep. memb. and empl. repr.
Reg. in company 04-11-18
- Niklas Eriksson (Birth: 1974)........ Dep. memb. and empl. repr.
Reg. in company 06-02-27
- Öhrlings Pricewaterhousecoopers AB...Revisionsföretag
(556029-6740)
Board members etc that have left the company during the last two years
----------------------------------------------------------------------
- Dan Sandberg (Birth: 1949)........... MD and Regular member
Reg. in company 04-01-19
Deregistered 06-09-08
- Giuseppe Vignato (Birth: 1952)....... Regular member
Living abroad
Reg. in company 02-10-17
Deregistered 05-07-13
- Yngve Jakobsson (Birth: 1941)........ Reg. memb. and empl. repr.
Reg. in company 96-05-23
Deregistered 06-02-27
- Johanna Lindgren (Birth: 1977)....... Dep. memb. and empl. repr.
Reg. in company 04-08-18
Deregistered 05-07-13
Board of directors data
-----------------------
- No of board members (ord members and MD) 7
- Any board member with comm in other comp? Yes
- Any board member with comm in bankrupt comp? No
- Any board member with payment complaint? No
- Any board member with bankruptcy petition? No
- Any brd member with bal of dept with Enf Auth? No
Authorized signatory (available in Swedish on
------------------------------------------------
Firman tecknas av styrelsen
firman tecknas av
-Eriksson, Lars Anders
Firman tecknas två i förening av
-Alzetta, Franco
-Ferraresi, Luca
-Grossmann, Erich Walter
-Johansson, Åke Ingemar
-Nigris, Giovanni
Dessutom har verkställande direktören rätt att teckna firman Beträffande löpande förvaltningsåtgärder
Note: Notification of a change in the board of directors, managing director, authorised signatory has been submitted to the Registration Office
GROUP RELATIONSHIP ETC
Own.- As of Comments
Shareholder in subject company share
------------------------------
- Industrielle Beteiligung
SA (Luxemburg).............. 100 % 05-06
For a complete specification of subsidiaries etc, see enclosure 2.
ANNUAL ACCOUNTS AND RATIOS
Inc. Statem. TSEK
----------------- 0407-0506 0307-0406
0207-0306 0107-0206 0007-0106
Net sales +328.112 +407.159
+442.224 +372.005 +370.577
P/l after fin itm....+23.026....-26.619....-11.244....+11.548....+24.530
Balance TSEK
------------
0407-0506 0307-0406 0207-0306
0107-0206 0007-0106
Tot fixed ass ........48.822.....28.817.....49.113.....39.657.....48.626
Tot curr assets .....237.592....275.683....401.415....266.183....286.696
Total equity ........186.085....165.414....131.652....137.275....144.342
Tot long-t liab ...........0......1.482.....99.204..........0..........0
Tot current liab .....98.758....137.604....191.289....142.156....160.033
Tot equity &
liab....286.414....304.500....450.528....305.840....335.322
Notes and
audit rpt
--------- 0407-0506 0307-0406
0207-0306 0107-0206 0007-0106
No of employees 118
173 198 211 220
Audit report Unqualif Unqualif
Unqualif Unqualif Unqualif
Ratios 0407 0307
0207 0107 00071)industry-
------ -0506 -0406
-0306 -0206 -0106
value 05
Equity/assets % 65,4
54,3 33,6 50,7
49,1 32,2
Quick ratio % 178,5
145,5 168,4 134,4
136,7 103,0
Return on ass. % 8,6 -6,4
-1,5 4,4 8,2 8,6
Cash fl/t.liab % 23,8 -15,8
-3,0 13,4 16,3
13,8
Risk margin % 7,0
-11,5 -3,0 3,2
6,5 6,5
Consol. ratio % 65,5 54,3
35,5 53,2 51,7
33,3
1) Median of companies with at least 20 employees in an industry 29500 such as Manufacture of other special purpose machinery
Analysis of the annual accounts (three years)
---------------------------------------------
Turnover/Capital employed
Turnover falling steeply.
For the complete annual accounts and all ratios, see enclosure 3.
CONSOLIDATED ANNUAL ACCOUNTS AND
RATIOS
Inc.
Statem. TSEK
----------------- 0407-0506
0307-0406 0207-0306 0107-0206
Net sales +346.850
+604.870 +595.468 +557.587
P/l after fin
itm.....+8.186....-44.006.....+4.861....+27.740
Balance TSEK
------------ 0407-0506
0307-0406 0207-0306 0107-0206
Tot fixed ass
........47.649.....20.885.....43.962.....34.812
Tot curr assets .....255.911....348.161....487.115....345.902
Total equity
........202.464....195.993....228.674....246.071
Tot long-t liab
...........0..........0.....80.909..........0
Tot current liab
....100.963....166.875....203.040....114.336
Tot equity & liab....303.560....369.046....531.077....380.714
Notes and
audit rpt
--------- 0407-0506
0307-0406 0207-0306 0107-0206
No of employees 126
238 262 278
Audit report Unqualif
Unqualif Unqualif Unqualif
Ratios
0407 0307 0207
0107
------ -0506 -0406 -0306 -0206
Equity/assets % 66,7 53,1
43,1 64,6
Quick ratio % 185,4 141,3
185,8 232,4
Return on ass. % 3,2 -10,1 1,6
7,5
Cash fl/t.liab % 7,2 -15,1 2,2
19,1
Risk margin % 1,7 -14,0
0,4 6,9
Consol. ratio % 66,7 53,1
43,1 64,6
For compl. annual accounts and all ratios for the group, see enclosure 4.
OTHER FINANCIAL INFORMATION
Share capital
-------------
- Total: 25.000 TSEK
- The most recently registered change in the share capital Amount
87-09 New issue 24.950 TSEK
Chattel mortgages
-----------------
- Total: 115.000,0 TSEK
- The most recently issued mortgages
Amount
90-05 25.000,0 TSEK
89-07 10.000,0 TSEK
89-07 10.000,0 TSEK
89-07 10.000,0 TSEK
88-04 10.000,0 TSEK
Unprivileged claims in clients' bankruptcies
--------------------------------------------
- we have not been notified about any claims in bankruptcies
in the last 2 years.
Properties
----------
- Owns 100 % of 4 property, ass. at 18.047 TSEK
Morgårdshammar 6:12 Owns : 100 %
Municipality. : Smedjebacken Acquisition date : 1988-09-21
Property type : 423, Industrial unit Method of acquis : Purchase
Area......... : 6 ha Ass. value 2006. : 13.268 TSEK
Morgårdshammar 6:11 Owns : 100 %
Municipality. : Smedjebacken Acquisition date : 1988-09-21
Property type : 326, Rental building Method of acquis : Purchase
Area......... : 3.332 sq m Ass. value 2006. : 4.364 TSEK
PAYMENT COMPLAINTS, COMPLAINTS
AND OTHER PAYMENT INFORMATION
- No complaints have been registered.
- 1 claim totalling 4,9 TSEK has been registered.
- Claims Amount Creditor
Pet. for inj. to pay 04-04 4.875 Thomson Fakta AB
- Debt with the Enforcement Serv, no debt was recorded on 2006-11-17.
MOST RECENT INQUIRIES AT UC
- During the last 12 months there have been 20 inquiries reg. at UC.
- Up to 10 most recently registered inquiries
Date Amount
06-10-03
06-10-03
06-09-05
06-08-09
06-08-07 2.000.000
06-06-20
06-06-12
06-06-02
06-06-01
06-05-12
ENCLOSURES
No. Type of enclosure, name etc
1 Real property list
2 Group relationship
3 Annual accounts/ratios
4 Consolid. annual accounts/ratios
5 Establishments
GROUP RELATIONSHIP ETC
Own.- As
of Comments
Shareholder in subject company share
------------------------------
- Industrielle Beteiligung
SA (Luxemburg).............. 100 % 05-06
Subsidiary,*sub-subsidiary etc
------------------------------
- Morgårdshammar Inc (USA).... 100 % 05-06
Minority interests
------------------
- Danieli Morgårdshammar
S.A. (Spain)................ 30 % 05-06
Former subsidiaries etc
-----------------------
- Danieli Morgardshammar SA
(Spain).................... 100 % Former subsidiary
Sold during 99/00
- Morgårdshammar Guide
Systems GmbH (Germany)...... 100 % Former subsidiary
Sold during 95/96
- Morgardshammar Pty Ltd
(Australia)................ 100 % Former subsidiary
Sold during 96/97
- Morgårdshammar A.S (Norway). 100 % Former subsidiary
Sold during 96/97
- Sund Birsta AB.............. 100 % Subsidiary until 04
(556219-4679)
ANNUAL ACCOUNTS AND RATIOS
Inc.
Statem. TSEK
0407-0506
0307-0406 0207-0306 0107-0206
0007-0106
Net sales +328.112 +407.159
+442.224 +372.005 +370.577
Change inven -9.710 +11.683 +9.459 +14.234 -21.414
Other op inc +679 +249 +134 +266 +140
Raw mat/consum -193.091 -297.119
-298.499 -238.669 -180.871
Other ext costs -64.338 -64.897
-66.624 -61.225 -68.376
Personnel costs -56.371 -94.273
-102.808 -90.721 -91.135
Depreciation -1.311 -4.617 -4.344 -4.252 -4.558
Other op expenses 0 -13.500 0 0 0
Operating P/l ........+3.970....-55.315....-20.458.....-8.362.....+4.363
Res f part grp co +137
+34.426 +12.502 +19.339
+17.030
Ext interest inc +1.652 +1.299 +1.147 +374 +1.740
Other fin income +18.826 0 0 +1.958 +4.308
Total fin income +20.615 +35.725
+13.649 +21.671 +23.078
Ext interest exp -1.559 -7.029 -4.435 -1.273 -2.595
Other fin exp 0 0 0 -488 -316
Tot fin exp -1.559 -7.029 -4.435 -1.761
-2.911
P/l after fin itm....+23.026....-26.619....-11.244....+11.548....+24.530
P/l bef approp ......+23.026....-26.619....-11.244....+11.548....+24.530
Appropriations -1.571 +28.383 -2.818 0 +1.780
P/l bef tax .........+21.455.....+1.764....-14.062....+11.548....+26.310
Tax -785 0 -1.761 +3.385 -2.670
Net p/l for year ....+20.670.....+1.764....-15.823....+14.933....+23.640
Balance
TSEK
0407-0506
0307-0406 0207-0306 0107-0206
0007-0106
Tot int ass 0 0 0 0 0
Land & bldgs
12.511 13.067 13.623 7.543 7.820
Tot mach & equip
2.499 3.098 22.545 16.715 21.016
Tot tan ass 15.010 16.165 36.168 24.258 28.836
Par in grp/asso 1.807 12.652 12.652 12.652 12.652
Rec f grp/asso 25.600 0 0 0 0
Other fin ass 6.405 0 293 2.747 7.138
Tot fin ass 33.812 12.652 12.945 15.399 19.790
Tot fixed ass ........48.822.....28.817.....49.113.....39.657.....48.626
Work in progr 12.202 23.522 960 0 9.975
Other invent 49.136 51.928 78.294 75.075 57.972
Tot inventories 61.338 75.450 79.254 75.075 67.947
Accs receivable 52.899 49.748
144.460 19.754 63.942
Rec f grp/ass cos 52.500 50.428 16.096 33.710 20.114
Other curr rec 52.303 100.057
161.605 89.276 106.877
Tot curr rec 157.702 200.233
322.161 142.740 190.933
Tot cash & bank
18.552 0 0 48.368 27.816
Tot curr assets .....237.592....275.683....401.415....266.183....286.696
Total assets ........286.414....304.500....450.528....305.840....335.322
Balance TSEK
------------ 0407-0506 0307-0406 0207-0306 0107-0206
0007-0106
Share capital 25.000 25.000 25.000 25.000 25.000
Reval reserve 10.840 10.840 10.840 10.840 10.840
Other restr cap 5.000 5.000 5.000 5.000 5.000
P/l brought forw 124.575 122.810
106.635 81.502 79.862
Net p/l for year 20.670 1.764
-15.823 14.933 23.640
Total equity ........186.085....165.414....131.652....137.275....144.342
Tot untax res .........1.571..........0.....28.383.....25.565.....28.950
Tot provisions ............0..........0..........0........844......1.997
Liab to cred inst 0 1.482 99.204 0 0
Bnk overdr util 0
1.482 99.204 0
Tot long-t liab ...........0......1.482.....99.204..........0..........0
Accs payable 29.771 20.158 26.075 29.543 27.852
Liab t grp/ass co 3.825 20.248
107.467 72.205
79.662
Other current lia 65.162 97.198 57.747 40.408 52.519
Tot current liab .....98.758....137.604....191.289....142.156....160.033
Tot equity &
liab....286.414....304.500....450.528....305.840....335.322
Notes etc TSEK
--------------
0407-0506 0307-0406 0207-0306
0107-0206 0007-0106
No of employees 118 173 198 211 220
Salaries board/MD 1.046 1.432 1.221 1.223 1.025
Wgs/sal to others 39.059 61.364 64.706 61.330 63.095
Total wages/sal 40.105 62.796 65.927 62.553 64.120
Tot wages/remun 40.105 62.796 65.927 62.553 64.120
Soc sec exp 16.411 28.313
35.791 26.117 25.789
Dividend 0 0 0 16.000 26.000
Contr sev pay No No No No No
Depreciation 1.311 4.617 4.344 4.252 4.558
Bnk overd granted 29.384 98.712
137.422 40.000
Bnk overdr util 0 1.482 99.204
0
Floating charges 115.000 115.000
115.000 115.000 115.000
Prop mortgages 34.000 34.000 34.000 34.000 34.000
Total pl assets 149.000 149.000
149.000 149.000 149.000
Other contin liab 2.559 39.267 46.043 37.000 37.000
Tot conting liab 2.559 39.267 46.043 37.000 37.000
Audit report
------------ 0407-0506 0307-0406
0207-0306 0107-0206 0007-0106
Audit report Unqualif Unqualif
Unqualif Unqualif Unqualif
Original annual accounts
------------------------
Order by select. Add servYes
Yes Yes Yes Yes
Ratios 0407 0307 0207 0107
00071)industry-
------ -0506 -0406
-0306 -0206 -0106
value 05
Profitability............................................................
Return on equ. % 12,3 -16,1
-7,4 7,4 14,9
22,0
Return on ass. % 8,6 -6,4
-1,5 4,4 8,2
8,6
Interest rate % -1,6
-5,1 -1,5 -1,2
-1,7 -1,6
Risk margin % 7,0
-11,5 -3,0 3,2
6,5 6,5
Gross margin % 1,6
-12,4 -3,6 -1,1
2,4 6,3
Oper margin % 1,2
-13,6 -4,6 -2,2
1,2 4,5
Net margin % 7,0
-6,5 -2,5 3,1 6,6
4,1
Interest cover 15,8 -2,8
-1,5 7,6 9,4
6,7
Capital
circulatn........................................................
Cap.turn.rate 1,2 1,3
1,0 1,2 1,1
1,8
Cash fl/t.liab % 23,8 -15,8
-3,0 13,4 16,3
13,8
Cash fl/finexp % >999,9 -313,0
-195,3 >999,9 907,5
698,5
Self-fin.ratio % 117,7 -
-91,6 - -
131,9
Stock turn./yr 5,4
5,4 5,6 5,0
5,5 7,1
Turn./empl. TSEK 2.786,0
2.354,0 2.234,0 1.764,0
1.685,0 1.509,0
Lab.costs/turn % -12,2 -15,4
-14,9 -16,8 -17,3
-20,6
Work.cap/turn. % 42,2 33,9
47,5 33,3 34,2
16,5
Acc. rec./turn % 16,1 12,2
32,7 5,3 17,2
14,1
Stock/turn. % 18,7
18,5 17,9 20,2
18,3 13,9
Sh.liab./turn. % 30,0 33,8
43,2 38,2 43,2
24,1
Cust.cred.time 39,0 59,6
46,4 28,1 -
47,5
Cr period grntd 19,0 14,2
15,7 19,3 -
25,9
Liquidity................................................................
Current ratio % 240,6
200,3 209,8 187,2
179,1 159,6
Quick ratio % 178,5
145,5 168,4 134,4
136,7 103,0
Consolidation............................................................
Equity/assets % 65,4
54,3 33,6 50,7
49,1 32,2
Consol. ratio % 65,5
54,3 35,5 53,2
51,7 33,3
Debt/equ ratio 0,5 0,8
2,0 1,0 1,0
2,1
Risk ratio 1,4 23,7
35,0 27,0 25,6
8,7
Fixd assts struct........................................................
Fin ass struct % 69,3 43,9
26,4 38,8 40,7
17,7
Tan ass struct % 30,7 56,1
73,6 61,2 59,3
92,0
1) Median of companies with at least 20 employees in an industry 29500 such as Manufacture of other special purpose machinery
Analysis of the annual accounts (three years)
---------------------------------------------
Turnover/Capital employed
Turnover falling steeply.
CONSOLIDATED ANNUAL ACCOUNTS AND
RATIOS
Inc. Statem. TSEK
----------------- 0407-0506 0307-0406
0207-0306 0107-0206
Net sales +346.850 +604.870
+595.468 +557.587
Change inven -37.231 +16.068
+13.391 +9.813
Other op inc +668 +232 +170 +293
Raw mat/consum -162.415 -391.897
-345.872 -299.514
Other ext costs -77.282 -114.133
-109.387 -105.550
Personnel costs -61.791 -136.100
-142.448 -134.440
Depreciation -1.413
-5.918 -5.721 -5.755
Other op expenses 0 -13.500 0 0
Operating P/l ........+7.386....-40.378.....+5.601....+22.434
Res f part grp co +137 +427 +502 +2.338
Ext interest inc +1.809 +2.837 +2.188 +701
Other fin income +413 0 +428 +2.993
Total fin income +2.359 +3.264 +3.118 +6.032
Ext interest exp -1.559 -6.892 -3.858 -238
Other fin exp 0 0 0 -488
Tot fin exp -1.559 -6.892 -3.858 -726
P/l after fin itm.....+8.186....-44.006.....+4.861....+27.740
P/l bef approp .......+8.186....-44.006.....+4.861....+27.740
P/l bef tax ..........+8.186....-44.006.....+4.861....+27.740
Tax -2.326 +12.131 -3.861 -7.900
Net p/l for year .....+5.860....-31.875.....+1.000....+19.840
Balance TSEK
------------ 0407-0506 0307-0406
0207-0306 0107-0206
Tot int ass 0 0 0 0
Land & bldgs
12.511 13.067 13.623 7.543
Equipment 0 0 25.127 0
Tot mach & equip
2.609 5.104 25.127 19.640
Tot tan ass 15.120 18.171 38.750 27.183
Par in grp/asso 524 524 524 524
Rec f grp/asso 25.600 0 0 0
Other fin ass 6.405 2.190 4.688 7.105
Tot fin ass 32.529 2.714 5.212 7.629
Tot fixed ass ........47.649.....20.885.....43.962.....34.812
Work in progr 12.202 44.548 0 0
Other invent 56.546 67.801 109.800 80.224
Tot inventories 68.748 112.349
109.800 80.224
Accs receivable 58.209 85.435
175.682 49.152
Rec f grp/ass cos 50.555 27.550 25.623 47.538
Other curr rec 51.612 114.067
176.010 106.209
Tot curr rec 160.376 227.052
377.315 202.899
Tot cash & bank
26.787 8.760 0 62.779
Tot curr assets .....255.911....348.161....487.115....345.902
Total assets ........303.560....369.046....531.077....380.714
Balance TSEK
------------ 0407-0506 0307-0406
0207-0306 0107-0206
Share capital 25.000 25.000 25.000 25.000
Other restr cap 35.567 34.385 64.637 65.901
P/l brought forw 136.037 168.483
138.037 135.330
Net p/l for year 5.860 -31.875 1.000 19.840
Total equity ........202.464....195.993....228.674....246.071
Min interests 0 700 700 700
Tot provisions ..........133......5.478.....17.754.....19.607
Liab to cred inst 0 0 80.909 0
Bnk overdr util 0 80.909
Tot long-t liab ...........0..........0.....80.909..........0
Accs payable 29.818 33.446 49.590 40.061
Liab t grp/ass co 3.825 9.481 73.600 4.687
Other current lia 67.320 123.948 79.850 69.588
Tot current liab ....100.963....166.875....203.040....114.336
Tot equity & liab....303.560....369.046....531.077....380.714
Notes etc TSEK
-------------- 0407-0506 0307-0406
0207-0306 0107-0206
No of employees 126 238 262 278
Salaries board/MD 1.946 2.556 2.421 2.434
Wgs/sal to others 43.312 86.612 89.199 84.993
Total wages/sal 45.258 89.168 91.620 87.427
Tot wages/remun 45.258 89.168 91.620 87.427
Soc sec exp 16.546 39.112 45.544 37.778
Dividend
Contr sev pay No No No No
Depreciation 1.413 5.918 5.721 5.755
Bnk overd granted 29.384 98.712
137.422 62.789
Bnk overdr util 0 80.909
Floating charges 115.000 167.000
167.000 167.000
Prop mortgages 34.000 34.000 34.000 34.000
Total pl assets 149.000 201.000
201.000 201.000
Other contin liab 2.559 5.591 13.475 0
Tot conting liab 2.559 5.591 13.475 0
Audit report
------------ 0407-0506 0307-0406
0207-0306 0107-0206
Audit report Unqualif Unqualif
Unqualif Unqualif
Original annual accounts
------------------------
Order by select. Add serv No
No No No
Ratios 0407 0307
0207 0107
------ -0506 -0406
-0306 -0206
Profitability............................................................
Return on equ. % 4,0 -22,5
2,1 11,3
Return on ass. % 3,2 -10,1
1,6 7,5
Interest rate % -1,5
-4,0 -1,3 -0,5
Risk margin % 1,7
-14,0 0,4 6,9
Gross margin % 2,5
-5,7 1,9 5,1
Oper margin % 2,1
-6,7 0,9 4,0
Net margin % 2,4
-7,3 0,8 5,0
Interest cover 6,3 -5,4
2,3 39,2
Capital circulatn.......
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 |
Unfavourable & favourable factors
carry similar weight in credit consideration. Capability to overcome
financial difficulties seems comparatively below average/normal. |
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 |
|
NR |
In view of the lack of information, we
have no basis upon which to recommend credit dealings |
No Rating |
|