MIRA
INFORM REPORT
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Report Date : |
24th
November, 2006 |
IDENTIFICATION
DETAILS
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Name : |
SUND
BIRSTA AB |
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Registered Office : |
Box 994, 851 25 Sundsvall |
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Country : |
Sweden |
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Date of Incorporation : |
1982-08 |
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Com. Reg. No.: |
556219-4679 |
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Legal Form : |
Limited company, private |
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Line of Business : |
Manufacture of other general purpose
machinery n e c |
RATING & COMMENTS
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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 : Sund Birsta AB
Address : Box 994, 851 25 Sundsvall
Visiting address : Heffnersvägen 34
Tel..... : +46-60-13 94 00
Credit rating. : Aaa
Risk forecast. : < 0,03%
Credit limit.. : 10.000 TSEK
Pmt complaints : Not reg
Claims........ : Not reg
Registered.... : 1982-08
Comp. No : 556219-4679
Net sales.......(05) : 350.970 TSEK
Res aft. fin.net(05) : 50.447 TSEK
Equity..........(05) : 45.378 TSEK
Employees........... : 64 pcs
Ultimate parent company in Sund Birsta AB-group
MOST RECENT EVENTS
- New Reg. Board member 06-11-20
CREDIT OPINION
Risk forecast......: < 0,03%
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 Decreases risk
Other information Decreases 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 < 0,03% started reporting historical credit ratings
Industry Risk Forecast: 0,4%
Median value for limited company regarding industry 29240, such as Manufacture of other general purpose machinery n e c.
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 556219467901
- Registered office.. : Sundsvall municipality in Västernorrlands county
- No of locations.... : 1
Main establishment
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- Designation : Head office
- Visiting address : Heffnersvägen 34, 856 33 Sundsvall
Description of business activities
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- Manufacture of other general purpose machinery n e c
(Main business acc to SCB, SNI2002:29240)
- Construction and other engineering activities
(Subsidiary business acc to SCB, SNI2002:74202)
- Construction and other engineering activities
(Subsidiary business acc to SCB, SNI2002:74202)
History
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- 82-08 Comp reg under the current reg no and name: AB Grundstenen 10 425
- 83-02 Changed name to: Birsta Teknik AB
- 83-11 Changed name to: Birsta Fastighetsförvaltning AB
- 89-12 Company reg under the current name
- 93-04-01 Company registered to pay business tax
- - - - Company was registered to pay VAT
- - - - Company was registered to pay employer contributions
- 03-09 Articles of Association adopted
- 03-09-04 Peter Mårstedt new Managing Director
Matters
pending with Reg. Office
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No notes of imminent changes
Non categorized information
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- The company/part of the company is ISO-9001 certified
- The company has the following SE domain(s) and possibly a home
page: www.sundbirsta.se
- Customs have granted the company to bring home goods/credit permit
BOARD OF DIRECTORS ETC
Board
members according to Reg Office
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Board members etc reg prior to 91-04 unless otherwise stated.
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- Peter Mårstedt (Birth: 1963)......... MD and Regular member
Reg. in company 03-09-04
- Åke Johansson (Birth: 1939).......... Regular member
Reg. in company 94-11-24
- Erich Walter Grossmann............... Regular member
(Birth: 1956) Living abroad
Reg. in company 06-11-20
- Franco Alzetta (Birth: 1958)......... Regular member
Living abroad
Reg. in company 04-09-10
- Luca Ferraresi (Birth: 1965)......... Regular member
Living abroad
Reg. in company 05-07-14
- Christina Johansson (Birth: 1964).... Reg. memb. and empl. repr.
Reg. in company 02-09-04
- Mikael Isolehto (Birth: 1965)........ Reg. memb. and empl. repr.
Reg. in company 04-11-05
- Mikael Bertlin (Birth: 1961)......... Dep. memb. and empl. repr.
Reg. in company 04-11-05
- Öhrlings Pricewaterhousecoopers AB...Revisionsföretag
(556029-6740)
Board members etc that have left the company during the last two years
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- iuseppe Vignato (Birth: 1952)........ Regular member
Living abroad
Reg. in company 02-10-07
Deregistered 05-07-14
Board of directors data
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- No of board members (ord members and MD) 5
- 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
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Firman tecknas av styrelsen
firman tecknas av
-Mårstedt, Peter Johan Anton
Firman tecknas av
-Johansson, Åke Ingemar
I förening med en av
-Alzetta, Franco
-Ferraresi, Luca
GROUP RELATIONSHIP ETC
Own.- As of Comments
Shareholder in subject company share
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- Industrielle Beteiligung
SA (Luxemburg).............. >50 % 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 +350.970
+274.372 +243.875 +230.668
+258.908
P/l after fin
itm....+50.447....+18.145....+23.159....+28.035....+32.129
Balance TSEK
------------ 0407-0506
0307-0406 0207-0306 0107-0206
0007-0106
Tot fixed ass .........5.615......5.340......8.112......8.250......5.767
Tot curr assets
.....196.093....104.296....123.293....127.058....145.629
Total equity
.........45.378.....45.999.....46.330.....57.625.....56.766
Tot long-t liab
......25.600..........0..........0..........0..........0
Tot current liab
....102.752.....38.960.....47.674.....35.662.....51.696
Tot equity &
liab....201.708....109.637....131.405....135.308....151.396
Notes and
audit rpt
--------- 0407-0506
0307-0406 0207-0306 0107-0206
0007-0106
No of employees 64 57 56 58 57
Audit report Unqualif
Unqualif Unqualif Unqualif
Unqualif
Ratios 0407
0307 0207 0107
00071)industry-
------ -0506
-0406 -0306 -0206
-0106 value 05
Equity/assets % 31,8 57,2
55,2 64,1 57,1
32,1
Quick ratio % 172,3 209,9
205,6 343,7 257,9
113,8
Return on ass. % 25,2
16,6 17,6 20,8
21,2 10,0
Cash fl/t.liab % 28,9
26,0 38,7 59,0
46,5 21,4
Risk margin % 24,9 16,5
17,6 20,6 21,2
8,6
Consol. ratio % 35,8 63,7
63,7 73,3 65,5
35,6
1) Median of companies with at least 20 employees in an industry 29240 such as Manufacture of other general purpose machinery n e c
For the complete annual accounts and all ratios, see enclosure 1.
OTHER FINANCIAL INFORMATION
Share capital
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- Total: 10.000 TSEK
- The most recently registered changes in the share capital
Amount
91-12 New issue 5.000 TSEK
90-10 Bonus issue 3.900 TSEK
89-12 New issue 1.049 TSEK
Chattel mortgages
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- Total: 52.000,0 TSEK
- The most recently issued mortgages
Amount
94-01 5.000,0 TSEK
92-07 5.000,0 TSEK
92-07 5.000,0 TSEK
92-07 5.000,0 TSEK
90-11 32.000,0 TSEK
Unprivileged claims in clients'
bankruptcies
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- UC has not been notified about any claims in bankruptcies in the last 2 years.
Properties
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- The company is not reg as property owner according to UC's.
9 PAYMENT COMPLAINTS, COMPLAINTS
AND OTHER PAYMENT INFORMATION
- No complaints have been registered.
- 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 6 inquiries reg. at UC.
- Up to 10 most recently registered inquiries
Date Amount
06-05-31
06-05-11 1.000.000
06-03-20
06-01-24
06-01-04 15.206
05-12-21
ENCLOSURES
No. Type of enclosure, name etc
1 Annual accounts/ratios
2 Group relationship
ANNUAL ACCOUNTS AND RATIOS
Inc. Statem. TSEK
----------------- 0407-0506
0307-0406 0207-0306 0107-0206
0007-0106
Net sales +350.970
+274.372 +243.875 +230.668
+258.908
Change inven -44
-5.797 +22.873 -2.788
-19.190
Other op inc +174
+10 +36 +290 +271
Raw mat/consum -202.596 -165.877 -168.272 -120.377
-122.180
Other ext costs -55.073 -46.314 -40.061 -41.029
-52.422
Personnel costs -42.829 -38.759 -36.091 -39.690
-34.893
Depreciation -997 -1.165 -1.178 -1.230 -1.226
Operating P/l
.......+49.605....+16.470....+21.182....+25.844....+29.268
Interest inc grp 0 +137 +577 +1.035 +1.139
Ext interest inc +1.213 +1.547 +1.404 +1.218 +1.722
Total fin income +1.213 +1.684 +1.981 +2.253 +2.861
Interest exp grp -350 0 0 0 0
Ext interest exp -21 -9 -4 -62 0
Tot fin exp -371 -9 -4 -62 0
P/l after fin
itm....+50.447....+18.145....+23.159....+28.035....+32.129
P/l bef approp
......+50.447....+18.145....+23.159....+28.035....+32.129
Appropriations -3.000 +13.523 +4.120 +912 -104
P/l bef tax
.........+47.447....+31.668....+27.279....+28.947....+32.025
Tax -14.069
-8.960 -5.875 -7.928 -9.075
Net p/l for year
....+33.378....+22.708....+21.404....+21.019....+22.950
Balance TSEK
------------ 0407-0506
0307-0406 0207-0306 0107-0206
0007-0106
Tot int ass 0
0 0 0 0
Equipment 2.003
1.801 2.367 2.542 2.609
Tot mach & equip 2.003 1.801 2.367
2.542 2.609
Tot tan ass 2.003
1.801 2.367 2.542 2.609
Par in grp/asso 1.350 1.350 1.350 1.350 1.350
Other fin ass 2.262
2.190 4.395 4.358 1.808
Tot fin ass 3.612
3.540 5.745 5.708 3.158
Tot fixed ass
.........5.615......5.340......8.112......8.250......5.767
Work in progr 9.689
14.891 20.795 0 7.880
Other invent 9.367
7.641 4.497
4.489 4.425
Tot inventories 19.056 22.532 25.292 4.489 12.305
Accs receivable 38.598 66.120 47.617 49.748 41.715
Rec f grp/ass cos 84.369 2.381 33.998 56.576 71.623
Other curr rec 14.333 11.651 13.442 15.956 18.704
Tot curr rec 137.300
80.152 95.057 122.280
132.042
Tot cash & bank 39.737 1.612 2.944 289
1.282
Tot curr assets
.....196.093....104.296....123.293....127.058....145.629
Total assets
........201.708....109.637....131.405....135.308....151.396
Balance TSEK
------------ 0407-0506
0307-0406 0207-0306 0107-0206
0007-0106
Share capital 10.000
10.000 10.000 10.000 10.000
Other restr cap 2.000 2.000 2.000 2.000 2.000
Group con giv/rec 0
-23.040 0 0 0
P/l brought forw 0 34.331 12.926 24.606 21.816
Net p/l for year 33.378
22.708 21.404 21.019 22.950
Total equity
.........45.378.....45.999.....46.330.....57.625.....56.766
Tot untax res
........26.878.....23.878.....37.401.....41.521.....42.434
Tot provisions
........1.100........800..........0........500........500
Liabl to group co 25.600 0 0 0 0
Tot long-t liab
......25.600..........0..........0..........0..........0
Accs payable 29.212
12.553 27.784 10.855 16.130
Liab t grp/ass co 23.898
116 116 116 116
Other current lia 49.642 26.291 19.774 24.691 35.450
Tot current liab
....102.752.....38.960.....47.674.....35.662.....51.696
Tot equity &
liab....201.708....109.637....131.405....135.308....151.396
Notes etc TSEK
-------------- 0407-0506 0307-0406 0207-0306 0107-0206
0007-0106
No of employees 64 57 56 58 57
Salaries board/MD 1.009 1.124 1.200 1.211 1.047
Wgs/sal to others 24.152 22.180 19.744 19.654 18.481
Total wages/sal 25.161 23.304 20.944 20.865 19.528
Tot wages/remun 25.161 23.304 20.944 20.865 19.528
Soc sec exp 13.243
10.798 9.753 11.661 8.966
Dividend 0
0 0 12.000 17.000
Contr sev pay No
No No No Yes
Depreciation 997
1.165 1.178 1.230 1.226
Other pledges 52.000 52.000 52.000 52.000 52.000
Total pl assets 52.000 52.000 52.000 52.000 52.000
Other contin liab 2.869 4.054 4.432 5.480 4.304
Tot conting liab 2.869 4.054 4.432 5.480 4.304
Audit report
------------ 0407-0506
0307-0406 0207-0306 0107-0206
0007-0106
Audit report Unqualif
Unqualif Unqualif Unqualif
Unqualif
Original annual accounts
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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. % 78,6
28,9 31,9 32,3
37,2 28,9
Return on ass. % 25,2
16,6 17,6 20,8
21,2 10,0
Interest rate % -0,3 0,0
0,0 -0,1 0,0
-1,3
Risk margin % 24,9 16,5
17,6 20,6 21,2 8,6
Gross margin % 14,4 6,4
9,2 11,7 11,8
7,4
Oper margin % 14,1 6,0
8,7 11,2 11,3
5,0
Net margin % 14,4 6,6
9,5 12,1 12,4
4,4
Interest cover 137,0
>999,9 >999,9 453,2
>999,9 14,0
Capital
circulatn........................................................
Cap.turn.rate 1,7 2,5 1,9
1,7 1,7 1,8
Cash fl/t.liab % 28,9
26,0 38,7 59,0
46,5 21,4
Cash fl/finexp % >999,9
>999,9 >999,9 >999,9 - 1.363,8
Self-fin.ratio % >999,9 - - 859,3 - 403,7
Stock turn./yr 18,4
12,2 9,6 51,5
21,1 6,9
Turn./empl. TSEK 5.486,0 4.813,0
4.355,0 3.982,0 4.547,0
1.500,0
Lab.costs/turn % -7,2
-8,5 -8,6 -9,0
-7,5 -19,1
Work.cap/turn. % 26,6
23,8 31,0 39,6
36,2 14,8
Acc. rec./turn % 11,0
24,1 19,5 21,5
16,1 13,5
Stock/turn. % 5,4 8,2
10,4 1,9 4,7
14,4
Sh.liab./turn. % 29,3
14,2 19,5 15,4
19,9 23,6
Cust.cred.time 37,3
51,8 49,9 49,5 - 46,4
Cr period grntd 14,9
18,4 19,8 14,6 - 23,9
Liquidity................................................................
Current ratio % 190,8 267,7
258,6 356,3 281,7
157,0
Quick ratio % 172,3 209,9
205,6 343,7 257,9
113,8
Consolidation............................................................
Equity/assets % 31,8 57,2
55,2 64,1 57,1
32,1
Consol. ratio % 35,8 63,7
63,7 73,3 65,5
35,6
Debt/equ ratio 2,1 0,8 0,8 0,6
0,8 2,1
Risk ratio 6,3 8,8 9,6
9,5 7,6 11,0
Fixd assts
struct........................................................
Fin ass struct % 64,3
66,3 70,8 69,2
54,8 10,8
Tan ass struct % 35,7
33,7 29,2
30,8 45,2 96,3
1) Median of companies with at least 20 employees in an industry 29240
such as Manufacture of other general purpose machinery n e c
GROUP RELATIONSHIP ETC
Own.- As
of Comments
Shareholder in subject company share
------------------------------
- Industrielle Beteiligung
SA (Luxemburg).............. >50 % 05-06
Subsidiary,*sub-subsidiary etc
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- Birsta-Teknik AB............ 100 % 05-06 Inactive
(556231-7791)
- Sund Birsta (Beijing)
Machinery Co Ltd (China).... 65 % 05-06
Former subsidiaries etc
-----------------------
- Dämhus AB (556199-0317)..... 100 % Former subsidiary
Sold during 94/95
- Sund Birsta SA (France)..... 100 % Former subsidiary
Deregistered during
94/95 due to liquidation
- Sund Birsta (Beijing)
Machinery Co Ltd (China).... 65 % Subsidiary until 04
- Electrotechnology i
Sundsvall AB (556199-0317).. 100 % Former subsidiary
Sold during 92
RATING EXPLANATIONS
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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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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal.
Capable to meet normal commitments. |
Satisfactory |
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26-40 |
B |
Unfavourable & favourable factors
carry similar weight in credit consideration. Capability to overcome
financial difficulties seems comparatively below average/normal. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution
needed to be exercised |
Credit not recommended |
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NR |
In view of the lack of information, we
have no basis upon which to recommend credit dealings |
No Rating |
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