MIRA
INFORM REPORT
|
Report Date : |
2nd
January, 2007 |
IDENTIFICATION
DETAILS
|
Name : |
AB
VOLVO PENTA |
|
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Registered Office : |
405 08
Göteborg municipality in Västra Götalands county |
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Country : |
Sweden |
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Financials (as on) : |
2005 |
|
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Date of Incorporation : |
May
1935 |
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Com. Reg. No.: |
556034-1330 |
|
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Legal Form : |
Private
Limited Company |
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Line of Business : |
-
Manufacture of engines and turbines, except aircraft, cycle engines -
Wholesale of machinery for industry, trade and navigation n e c -
Wholesale of machinery for industry, trade and navigation n e c |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal.
Capable to meet normal commitments. |
Satisfactory |
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Maximum Credit Limit : |
10.000
TSEK |
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Status : |
Satisfactory |
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Payment Behaviour : |
Slow
but Correct |
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Litigation : |
-- |
SUMMARY
AB
Volvo Penta
Comp. no : 556034-1330
C/o
Informat Tel.....:
+46-31-23 54 60
405
08 Göteborg
Visiting
address : Gropegårdsgatan
Credit
rating. : Ba
Net
sales.......(05) : 6.763.823 TSEK
Risk
forecast. : 0,10%
Res aft.
fin.net(05) : 756.897 TSEK
Credit
limit.. : 10.000 TSEK
Equity..........(05) : 688.519 TSEK
Pmt
complaints : 2 pcs
Employees........... : 775 pcs
Claims........ : 5 pcs
Registered.... : 1935-05
Debt
with the Enforcement Service, no debt was recorded. Part of AB Volvo-group
Note:
Petitions for injunction to pay have been registered during the last 6 months.
MOST RECENT EVENTS
- Pet.
for inj. to 06-12-06
- New
Reg. Board member 06-08-01
- New
Reg. Board member 06-08-01
- New
Reg. Board member 06-08-01
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
Owner Decreases risk conside
The
company's ownership structure or group affiliation implies a very low risk of
insolvency generally.
- Historical Credit Ratings
Date Cr.
rating Riskf.cast Reason
2006-10-27 5 0,10% we started
reporting historical
credit
ratings
Industry
Risk Forecast: 0,6%
Median
value for limited company regarding industry 29110, such as Manufact of engines
and turbines, exceptaircraft, cycle engines.
Other
info may of course affect your assessment of the risk.
- Credit
limit........: 10.000 TSEK (=maximum limit at we). 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 556034133001
-
Registered office : Göteborg municipality
in Västra Götalands county
- No of
locations : 3
Main establishment
------------------
-
Designation : Penta
-
Visiting address :
Gropegårdsgatan, 417 15 Göteborg
- For a
full list of establishments, see enclosure
Description of business activities
----------------------------------
-
Manufact of engines and turbines, except aircraft, cycle engines
(Main
business acc to SCB, SNI2002:29110)
-
Wholesale of machinery for industry, trade and navigation n e c
(Subsidiary
business acc to SCB, SNI2002:51879)
-
Wholesale of machinery for industry, trade and navigation n e c
(Subsidiary
business acc to SCB, SNI2002:51879)
History
-------
- 35-05
Comp reg under the current reg no and name: AB Pentaverken
- 46-07
Changed name to: AB Penta
- 61-01
Company reg under the current name
- 93-04
Company registered to pay business tax
- - - -
Company was registered to pay VAT
- - - -
Company was registered to pay employer contributions
- 04-11
Nils Göran Gummesson new Managing Director
- 05-06
Taken over Volvo Penta Europe AB through merger
- 05-06
Taken over Volvo Penta Norden AB through merger
- 06-06
Articles of Association adopted
Matters pending with Reg. Office
--------------------------------
No notes
of imminent changes
Non categorized information
---------------------------
- The
company/part of the company is ISO-14001 certified
- The
company/part of the company is ISO-9001 certified
- The
company has the following SE domain(s) and possibly a home page:
www.penta.se,
www.penta.tm.se, www.pentamotorer.se,
www.qlmarine.se,
www.volvo-penta.se, www.volvo-pentamotorer.se,
www.volvopenta.se,
www.volvopentamotorer.se,
www.volvopentaservice.se
Note:
Note that the company took over Volvo Penta Europe AB through merger in 5-06.
BOARD OF DIRECTORS ETC
Board members according to Reg Office
-------------------------------------
Board members etc reg prior to 91-04 unless
otherwise stated.
-------------------------------------------------------------
- Nils
Göran Gummesson (Birth: 1947) MD
and Regular member
Reg. in company 04-11-02
- Arne
Wittlöv (Birth: 1940) Regular
member
Reg. in company 98-02-19
- Leif
Valdemar Johansson . Regular member
(Birth: 1951) Reg. in company 01-06-20
- Dana
Dobrin (Birth: 1952) Regular
member
Reg. in company 06-08-01
- George
Christian Mikael Mäkinen Regular
member
(Birth: 1956) Living abroad
Reg. in company 04-08-11
- Stefan
Johnsson (Birth: 1959) Regular
member
Reg. in company 06-08-01
- Glenn
Bourke (Birth: 1960) Regular
member
Living abroad
Reg. in company 06-08-01
- Leif
Hultman (Birth: 1960) Regular
member
Reg. in company 04-09-24
- Linda
Gibson (Birth: 1960) Reg.
memb. and empl. repr.
Reg. in company 05-10-27
- Maria
Hermansson (Birth: 1978) Reg.
memb. and empl. repr.
Reg. in company 03-06-18
- Ulf
Albinsson (Birth: 1967) Dep.
memb. and empl. repr.
Reg. in company 05-05-28
- Johan
Burgren (Birth: 1976) Dep.
memb. and empl. repr.
Reg. in company 06-10-14
-
Pricewaterhousecoopers AB Revisionsföretag
(556067-4276)
Board members etc that have left the company
during the last two years
----------------------------------------------------------------------
- Helge
Alten (Birth: 1943) Regular
member
Living abroad
Reg. in company 00-07-24
Deregistered 06-08-01
- Marika
Fredriksson (Birth: 1963) Regular
member
Living abroad
Reg. in company 03-06-18
Deregistered 06-08-01
- Alpo
Utriainen (Birth: 1942) Reg.
memb. and empl. repr.
Reg. in company 98-02-19
Deregistered 05-10-27
- Inge
Magnusson (Birth: 1954) Reg.
memb. and empl. repr.
Reg. in company 96-10-23
Deregistered 05-05-28
-
Andreas Pavlu (Birth: 1961) Dep.
memb. and empl. repr.
Reg. in company 04-02-07
Deregistered 06-10-14
Board of directors data
-----------------------
- No of board members (ord members and
MD) 8
- Any board member with comm in other
comp? Yes
- Any board member with comm in bankrupt
comp? Yes
- 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 två i förening av
-Fernbring,
Thomas Eilert
-Gummesson,
Nils Göran
-Johansson,
Leif Valdemar
-Ljungqvist,
Lars Åke
Dessutom
har verkställande direktören rätt att teckna firman
beträffande
löpande förvaltningsåtgärder
External authorised signatories
-------------------------------
-'Lars'
Åke Ljungqvist (Birth: 1951)
-'Thomas'
Eilert Fernbring (Birth: 1953)
GROUP RELATIONSHIP ETC
Parent
comp./Legal Shareholder Own.- As
of Comments
------------------------------
share
- AB
Volvo (556012-5790)...... 100
% 05-12
Cr. rating 5
Shareholder
in parent company
-----------------------------
- Renault SA (France)....... 20 % 05-12
- Robur Aktiefonder (Sweden) 4 %
05-12
- Svenska Handelsbanken M Fl
(Sweden)................. 4
% 05-12
- Svenska
Handelsbanken/Spp
Fonder.. 1 % 05-12
(Sweden)
- Seb Fonder/Trygg
Försäkring
(Sweden)....... 6 %
05-12
- Nordea Fonder (Sweden).... 1
% 05-12
- Cevian Capital II Master
Fund Lp
(Unknown)......... 5 % 06-09
- Alecta
Pensionsförsäkring,Ömsesidigt
(502014-6865)............. 2
% 05-12
-
Arbetsmarknadsförsäkringar,
Pensionsförsäkrings-
(502033-2259)............. 4
% 05-12
- AB Industrivärden......... 1
% 05-12
(556043-4200)
- Fjärde Ap-Fonden.......... 2
% 05-12
(802005-1952)
- Andra Ap-Fonden........... 4
% 05-12
(857209-0606)
For a complete specification of
subsidiaries etc, see enclosure 4.
ANNUAL ACCOUNTS AND RATIOS
Inc. Statem. TSEK
----------------- 0501-0512 0401-0412 0301-0312
0201-0212 0101-0112
Net sales +6.763.823
+6.740.600 +4.649.200 +4.055.700 +3.748.700
P/l after fin itm...+756.897...+500.900...+292.000...+366.600...+392.000
Balance TSEK
------------ 0501-0512
0401-0412 0301-0312 0201-0212
0101-0112
Tot fixed ass .......476.239....499.200....440.800....322.500....231.400
Tot curr assets ...2.475.082..2.312.400..1.865.300..1.761.500..1.617.100
Total equity ........688.519....644.300....628.500....653.700....604.700
Tot long-t liab ...........0..........0..........0..........0..........0
Tot current liab ..1.843.621..1.755.700..1.345.100..1.187.000..1.009.600
Tot equity &
liab..2.951.321..2.811.600..2.306.100..2.084.000..1.848.500
Notes and
audit rpt
--------- 0501-0512
0401-0412 0301-0312 0201-0212
0101-0112
No of employees 775 722 663 621 599
Audit report Unqualif Unqualif
Unqualif Unqualif Unqualif
Ratios 0501 0401
0301 0201 01011)industry-
------ -0512
-0412 -0312 -0212
-0112 value 05
Equity/assets % 26,7
25,8 29,3 33,3
34,6 33,7
Quick ratio % 106,0
98,2 110,0 125,2 132,9 108,4
Return on ass. % 26,1 18,2
12,9 18,2 21,9
12,4
Cash fl/t.liab % 30,1 20,8
14,7 21,6 25,9
23,4
Risk margin % 25,5
17,7 12,6 17,3
20,8 11,1
Consol. ratio % 28,2
27,0 30,2 34,2
35,4 39,1
1)
Median of companies with at least 20 employees in an industry 29100 such as
Manufact of machinery for production and use of mechanical power
For the
complete annual accounts and all ratios, see enclosure 3.
OTHER FINANCIAL INFORMATION
Share
capital
-------------
-
Total: 80.000 TSEK
- The
most recently registered change in the share capital
Amount
85-06 New issue 20.000 TSEK
Chattel
mortgages
-----------------
- ISN
has not been notified about any chattel mortgages.
Unprivileged
claims in clients' bankruptcies
--------------------------------------------
- During
the last 2 yr. 1 claims have been reg. of tot. 434,7 TSEK.
- Claims
in bankruptcy against clients registered in 6 month period
Period Number Amount
0608-0701 0 0,0 TSEK
0602-0607 0 0,0 TSEK
0508-0601 1
434,7 TSEK
0502-0507 0 0,0 TSEK
- The
most recent claim in bankruptcy against clients
Amount Debtor
06-01 434,7 TSEK
Västerviks Marina AB
Properties
----------
-
Owns 100 % of 2 property, ass. at 17.741 TSEK
Önum 5:9 Owns: 100 %
Municipality.: Vara Acquisition date:
1990-11-07
Property type: 423, Industrial unit Method of acquis: Purchase
Area.........: 16 ha Purchase price..: 57 TSEK
Ass. value 2006.:10.577 TSEK
Amhult 2:32 Owns: 100 %
Municipality.: Göteborg Acquisition date: 1982-12-21
Property type: 426, Industrial unit Method of acquis: Purchase
Area.........: 2 ha Ass. value 2006.: 7.164 TSEK
PAYMENT COMPLAINTS, COMPLAINTS
AND OTHER PAYMENT INFORMATION
- 2
complaints totalling 12,7 TSEK have been registered.
- 5
claims totalling 119,4 TSEK have been registered.
- For a
complete specification of complaints, see enclosure 1.
- Debt
with the Enforcement Serv, no debt was recorded on 2006-12-29.
- The
company has not had any debt registered with the Swedish Enforceme
Authority
either in the last 24 months.
Note:
Petitions for injunction to pay have been registered during the last 6 months.
MOST RECENT INQUIRIES AT ISN
- During
the last 12 months there have been 23 inquiries reg. at ISN.
- Up to
10 most recently registered inquiries
Date Amount
06-11-14
06-10-31
06-10-02
06-09-21
06-08-21
06-07-31
06-07-27 4.000.000
06-07-25
06-07-01
06-06-29
ENCLOSURES
No. Type
of enclosure, name etc
1 Paym compl & other payment info
2 Real property list
3 Annual accounts/ratios
4 Group relationship
5 Establishments
PAYMENT COMPLAINTS, COMPLAINTS
AND OTHER PAYMEN
- 2
complaints totalling 12,7 TSEK have been registered.
- 5
claims totalling 119,4 TSEK have been registered.
- Complaints Amount Creditor
Tax arrears - road traff
02-10 185
Injunction to pay 02-03 12.555 Parajett AB
- Claims Amount Creditor
Pet. for inj. to pay
06-12-06 12.990 Stenungsbaden Yacht Club
-written off by
KFM
Pet. for inj. to
pay 06-02 1.438 Sis Förlag
AB
Pet. for inj. to pay
06-01 14.025 Svenska Kryssarklubben
Pet. for inj. to pay
05-06 7.344 Fazer Amica AB
Pet. for inj. to pay
05-03 83.556 Siemens AB
Note:
Petitions for injunction to pay have been registered during the last 6 months.
ANNUAL ACCOUNTS AND RATIOS
Inc. Statem. TSEK
----------------- 0501-0512 0401-0412 0301-0312
0201-0212 0101-0112
Net sales +6.763.823
+6.740.600 +4.649.200 +4.055.700 +3.748.700
Cost gds sold -5.609.075
-5.787.300 -3.972.700 -3.308.500 -2.933.600
Gross p/l ........+1.154.748...+953.300...+676.500...+747.200...+815.100
Selling exp -211.730 -184.200
-154.500 -135.200
-99.900
Admin exp -298.319 -339.200
-293.100 -347.800 -259.200
R&D costs
-313.627 -317.600 -371.400
-328.500 -267.000
Other op inc +1.429.330
+1.090.200 +938.400 +662.600
+533.000
Other op expenses -1.002.375
-705.900 -521.400 -303.900
-355.100
Operating P/l ......+758.027...+496.600...+274.500...+294.400...+366.900
Res f part grp co 0 0 0 +53.600 +9.900
Interest inc grp +7.421 +9.100 0 +29.500
+22.600
Ext interest inc +5.993 +4.800
+23.000 +2.800 +5.200
Total fin income +13.414 +13.900
+23.000 +85.900 +37.700
Interest exp grp -1.477 -500 0 -300 0
Ext interest exp -13.067 -9.100 -5.500 -13.400 -12.600
Tot fin exp -14.544 -9.600 -5.500 -13.700 -12.600
P/l after fin itm...+756.897...+500.900...+292.000...+366.600...+392.000
P/l bef approp .....+756.897...+500.900...+292.000...+366.600...+392.000
Appropriations -28.760 -46.400 -9.900 -8.200 -7.900
P/l bef tax ........+728.137...+454.500...+282.100...+358.400...+384.100
Tax -188.106 -114.700 -84.100 -97.900 -109.500
Net p/l for year ...+540.031...+339.800...+198.000...+260.500...+274.600
Balance TSEK
------------ 0501-0512
0401-0412 0301-0312 0201-0212
0101-0112
Tot int ass 0 0 0 0 0
Land & bldgs
12.236 13.000 14.000 12.500 13.300
Machinery 330.201 0 0 0 0
Equipment 37.918 0 0 0 0
Tot mach & equip
368.119 334.200 127.300
115.000 109.900
Other tan ass 55.588 90.800
222.200 113.300 23.700
Tot tan ass 435.943 438.000
363.500 240.800 146.900
Par in grp/asso 19.444 47.500 63.600 70.600 68.700
Other fin ass 20.852 13.700 13.700 11.100 15.800
Tot fin ass 40.296 61.200 77.300 81.700 84.500
Tot fixed ass .......476.239....499.200....440.800....322.500....231.400
Other invent 520.177 588.600
386.100 275.900 275.000
Tot inventories 520.177 588.600
386.100 275.900 275.000
Accs receivable 923.632 359.500
248.800 108.400 130.400
Rec f grp/ass cos 116.783 314.000
329.300 271.900 201.500
Other curr rec 178.945 226.500
118.400 114.800 160.500
Tot curr rec 1.219.360 900.000
696.500 495.100 492.400
Tot sh t investm 708.827 731.500
776.900 924.700 835.900
Tot cash & bank
26.718 92.300 5.800 65.800 13.800
Tot curr assets ...2.475.082..2.312.400..1.865.300..1.761.500..1.617.100
Total assets ......2.951.321..2.811.600..2.306.100..2.084.000..1.848.500
Balance TSEK
------------ 0501-0512
0401-0412 0301-0312 0201-0212
0101-0112
Share capital 80.000 80.000 80.000 80.000 80.000
Other restr cap 40.000 40.000 40.000 40.000 40.000
Group con giv/rec -486.000 450.000 0 0 0
P/l brought forw 514.488 -265.500
310.500 273.200 210.100
Net p/l for year 540.031 339.800
198.000 260.500 274.600
Total equity ........688.519....644.300....628.500....653.700....604.700
Tot untax res .......143.623....114.900.....68.400.....58.500.....50.300
Tot provisions ......275.558....296.700....264.100....184.800....183.900
Tot long-t liab ...........0..........0..........0..........0..........0
Accs payable 472.697 458.300
362.700 328.500 227.700
Liab t grp/ass co 1.089.837 1.034.600
797.900 702.500 623.600
Other current lia 281.087 262.800
184.500 156.000 158.300
Tot current liab ..1.843.621..1.755.700..1.345.100..1.187.000..1.009.600
Tot equity &
liab..2.951.321..2.811.600..2.306.100..2.084.000..1.848.500
Notes etc TSEK
-------------- 0501-0512
0401-0412 0301-0312 0201-0212
0101-0112
No of employees 775 722 663 621 599
Salaries board/MD 3.050 3.100 4.100 3.000 2.100
Wgs/sal to others 296.145 283.100
249.200 224.400 218.500
Total wages/sal 299.195 286.200
253.300 227.400 220.600
Bonus board/MD 1.045 1.800 0 1.300 800
Perf pay emply 5.514 2.700 0 0 0
Tot wages/remun 305.754 290.700
253.300 228.700 221.400
Soc sec exp 146.989 139.400
118.000 176.000 123.600
Dividend 0 0 0 0 0
Contr sev pay Yes Yes Yes Yes Yes
Unspec deprec 69.112 40.200 28.000 27.000 26.200
of wh goods sold 48.378 19.700 10.400 11.400 11.300
of wh sell costs 3.070 0 0 0 0
of wh admin costs 17.664 4.400 4.700 4.400
4.000
of wh R&D costs
0 16.100 12.900 11.200 10.900
Other pledges 30.824 23.000 9.600 6.200 6.100
Total pl assets 30.824 23.000 9.600 6.200 6.100
Other contin liab 3.670 5.400 5.000 4.800 9.200
Tot conting liab 3.670 5.400 5.000 4.800 9.200
Audit report
------------ 0501-0512
0401-0412 0301-0312 0201-0212
0101-0112
Audit report Unqualif Unqualif Unqualif Unqualif
Unqualif
Original annual accounts
------------------------
Order by select. Add servYes
Yes Yes Yes
Yes
Ratios 0501
0401 0301 0201
01011)industry-
------ -0512
-0412 -0312 -0212
-0112 value 05
Profitability............................................................
Return on equ. % 95,9 69,1
43,2 52,8 61,3
28,0
Return on ass. % 26,1 18,2
12,9 18,2 21,9
12,4
Interest rate % -0,7
-0,5 -0,3 -1,0
-1,0 -1,2
Risk margin % 25,5
17,7 12,6 17,3
20,8 11,1
Gross margin % 10,1
6,9 5,4 6,8
9,2 10,1
Oper margin % 9,3
6,3 4,9 6,2
8,6 7,9
Net margin % 9,2
6,4 5,2 7,8
9,2 7,6
Interest cover 53,0 53,2
54,1 27,8 32,1
16,1
Capital
circulatn........................................................
Cap.turn.rate 2,8 2,8
2,4 2,3 2,3
1,6
Cash fl/t.liab % 30,1 20,8
14,7 21,6 25,9
23,4
Cash fl/finexp % >999,9 >999,9 >999,9 >999,9 >999,9
1.658,0
Self-fin.ratio % - 730,1
199,4 324,6 -
274,5
Stock turn./yr 15,8 13,3
14,5 17,1 15,6
7,0
Turn./empl. MSEK 10,6 10,8
8,4 7,6 7,1
1.613,0
Lab.costs/turn % -3,7 -3,7
-4,5 -4,8 -5,2
-18,5
Work.cap/turn. % 7,7 7,1
9,3 12,2 14,2
15,5
Acc. rec./turn % 11,3 4,6
4,5 2,3 3,0
12,3
Stock/turn. % 6,3
7,5 6,9 5,8 6,4
14,4
Sh.liab./turn. % 22,5 22,4
24,1 25,2 23,6
22,8
Cust.cred.time 19,6 9,7
8,0 6,3 -
41,7
Cr period grntd 14,2 13,1
15,5 14,7 -
24,1
Liquidity................................................................
Current ratio % 134,3
131,7 138,7 148,4
160,2 169,5
Quick ratio % 106,0
98,2 110,0 125,2
132,9 108,4
Consolidation............................................................
Equity/assets % 26,7
25,8 29,3 33,3
34,6 33,7
Consol. ratio % 28,2
27,0 30,2 34,2
35,4 39,1
Debt/equ ratio 2,7 2,9
2,4 2,0 1,9
2,0
Risk ratio 0,5 0,8
0,8 0,7 1,5
6,0
Fixd assts
struct........................................................
Fin ass struct % 8,5 12,3
17,5 25,3 36,5
9,4
Tan ass struct % 91,5 87,7
82,5 74,7 63,5
91,8
1) Median of companies with at least 20 employees in an industry 29100
such as Manufact of machinery for production and use of mechanical power
GROUP RELATIONSHIP ETC
Parent comp./Legal Shareholder Own.- As
of Comments
------------------------------ share
- AB Volvo (556012-5790) 100 % 05-12
Cr. rating 5
Shareholder in parent company
-----------------------------
-
Renault SA (France) 20
% 05-12
-
Robur Aktiefonder (Sweden) 4 %
05-12
-
Svenska Handelsbanken M Fl
(Sweden) 4 % 05-12
-
Svenska
Handelsbanken/Spp Fonder 1 % 05-12
(Sweden)
-
Seb Fonder/Trygg
Försäkring (Sweden)
6 % 05-12
-
Nordea Fonder (Sweden)
1 % 05-12
-
Cevian Capital II Master
Fund Lp (Unknown) 5 % 06-09
-
Alecta
Pensionsförsäkring,Ömsesidigt
(502014-6865) 2 % 05-12
-
Arbetsmarknadsförsäkringar,
Pensionsförsäkrings-
(502033-2259) 4 % 05-12
-
AB Industrivärden
1 % 05-12
(556043-4200)
-
Fjärde Ap-Fonden
2 % 05-12
(802005-1952)
-
Andra Ap-Fonden
4 % 05-12
(857209-0606)
Subsidiary,*sub-subsidiary etc
------------------------------
- Volvo Penta Japan Corp 100 % 05-12
(Japan)
- Volvo Penta Asia (Pte),
Ltd (Singapore) 100 % 05-12
Minority interests
------------------
- Cpac Systems AB 31 % 05-12
(556566-2870)
Former subsidiaries etc
-----------------------
- Östanfjord AB (556139-5277). 100 % Former subsidiary
Sold
during 99 within
the
group
- Volvo Penta Central
Europe GmbH (Germany) 100 % Former subsidiary
Sold
during 04
- Volvo Penta Uk Ltd
(Great Britain) 100 % Former subsidiary
Sold
during 98
- Volvo Penta Espana SA (Spain 100 % Former subsidiary
Sold
during 02
- Volvo Penta
Participacoes Ltda (Brazil). 100 % Former subsidiary
Sold
during 93
- Volvo Penta Norge A/S 100 % Former subsidiary
(Norway) Deregistered 94-12 due
to
liquidation
- Volvo Penta Industri AB 100 % Former subsidiary
(556059-9218) Sold
95-01
- Volvo Sudamericana Saci
(Argentine) 100 % Former subsidiary
Sold
95-01
- Volvo Penta
Latinoamerica SA (Peru) 100 % Former subsidiary
Sold
95-01
- Vpf Holding SA (France) 100 % Former subsidiary
Deregistered
95-12 due
to
liquidation
- Volvo Penta Of The
Americas Inc (USA) 100 % Former subsidiary
Sold
96-10
- Murpen SA (France) 100 % Former subsidiary
Sold
98-12
- Volvo Penta Italia Spa 100 % Former subsidiary
(Italy) Sold
99-12
- Volvo Penta France SA 100 % Former subsidiary
(France) Sold 00-11
- Volvo Penta Benelux
(The Netherlands) 100 % Former subsidiary
Deregistered
03-12 due
to
liquidation
- Volvo Penta Norden AB. 100 % Former subsidiary
(556127-7533) Deregistered
05-10 due
to
merger
- Volvo Penta Europe AB 100 % Former subsidiary
(556541-0429) Deregistered
05-10 due
to
merger
REAL PROPERTY LIST
Designation Municipality Ownership Ass.
value
year
2006
-----------------------------------------------------------------
Önum 5:9 Vara 100 %
10.577 TSEK
Amhult 2:32 Göteborg
100 %
7.164 TSEK
ESTABLISHMENTS
Name Visiting address
Postno Town
Penta Gropegårdsgatan 417 15
Göteborg
Penta Krossholmen Sandviksvägen
423 38 Torslanda
Penta Varafabriken Önum Djäknagården 534
91 Vara
Bilaga
AB Volvo
SUMMARY
AB Volvo
Comp. no : 556012-5790
Tel..... : +46-31-66 00 00
405
08 Göteborg
Visiting
address : Volvo Bergegårds Väg
Credit
rating. : 5
Risk
forecast. : 0,10%
Credit
limit. .: Undecided
Pmt
complaints : 1 pcs
Claims........ : 3 pcs
Registered.... : 1915-05
Net
sales.......(05) : 663 MSEK
Res aft.
fin.net(05) : 5.590 MSEK
Equity..........(05) : 51.111 MSEK
Employees........... : 144 pcs
Debt
with the Enforcement Service, no debt was recorded on 2006-12-29. Ultimate
parent company in AB Volvo-group
Note:
Petitions for injunction to pay have been registered during
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 |
|