MIRA INFORM REPORT

 

 

Report Date :

20.06.2007

 

IDENTIFICATION DETAILS

 

Name :

LSS ETIKETTERING A/S

 

 

Registered Office :

Normansvej 8 Dk-8900 Randers

 

 

Country :

Denmark

 

 

Financials (as on) :

31.12.2006

 

 

Date of Incorporation :

28.06.2001

 

 

Com. Reg. No.:

AS288363

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Manufacturing and sales of packaging machines and labelling systems.

 

 

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

 

Maximum Credit Limit :

EUR 50.000

 

 

Status :

Satisfactory

 

 

Payment Behaviour :

Regular

 

 

Litigation :

Clear

 

COMPANY’S NAME

 

LSS ETIKETTERING A/S

 

 

ADDRESS

 

Normansvej 8

DK-8900 RANDERS

TELEPHONE-NO           +45 70 20 25 00

TELEFAX-NO                +45 70 20 10 44

E-MAIL-ADDRESS         info@lss-dk.com

 

 

LOCAL CURRENCY  

 

D K K

 

 

FOUNDATION

 

28.06.2001

 

                                                        

CENTRAL BUSINESS-REG-NO  

 

26-10-82-09

 

 

COMPANY REG-NO

 

AS288363

 

 

EU-VAT-ID-NO

 

DK26108209

 

 

LEGAL FORM

 

Private Limited Company

 

 

SHARE CAPITAL

 

DKK 500.000

 

SHAREHOLDERS

 

DK26015359

Kama Holding ApS

 

DK26015308

Kim Eriksen Holding ApS

 

DK260105332

Peri Holding ApS

 

DK26028736

Vinther Invest ApS

 

 

AUDITORS

 

Kvist & Jensen

Hobrovej 1

9560 HADSUND

 

 

BOARD OF DIRECTORS

 

Kim Christoffer Eriksen, chairman

Peter Bastholm Hansen

Morten Bach Nielsen

Jan Vinther

 

 

MANAGING DIRECTOR

 

Morten Bach Nielsen

 

                                                        

ACTIVITY

 

Manufacturing and sales of packaging machines and labelling systems.

 

 

EMPLOYEES

 

30

 

 

TURNOVER

 

Figures are strictly confidential.

 

SUBSIDIARIES

 

None

 

 

FINANCIAL STANDING 

 

The financial standing is sound.

 

 

ACCOUNTS   

 

See latest published figures on page 3.

 

 

REAL ESTATE    

 

Own property

 

 

PAYMENTS   

 

Nothing detrimental has been noted.

 

 

BANKERS

 

Jyske Bank A/S

 

 

CREDIT OPINION

 

Business and credit connection admissible.

 

 

MAX CREDIT 30 DAYS

 

EUR 50.000,-

 

 

ACCOUNTS CLOSED AT                                   31.12.2006             31.12.2005

 

EXTRACT IN 1000 DKK

 

PROFIT & LOSS ACCOUNT

 

GROSS RESULTS                                            17.996                   19.375

 

OPERATING RESULTS                                       2.409                     5.683

 

RESULTS BEFORE TAXES                                 2.119                     5.363

 

YEAR’S NET RESULT                                         1.524                     3.880                    

 

TOTAL ASSETS                                               22.014                   22.103

 

ASSETS

 

FIXED ASSETS                                                  9.801                   10.394

-Real estate                                                   8.889                     8.964

-Machines & equipments                                  436                       668

-Intangible assets                                             476                       762

 

CURRENT ASSETS                                           12.213                   11.709

-Receivables                                                        5.381                     5.158

-Inventories                                                          4.752                     3.839

-Cash, bank etc.                                                  2.080                     2.712

 

EQUITY & LIABILITIES

 

SHORTTERM LIABILITIES                                    7.103                     6.121

-Suppliers                                                           1.948                     1.779

 

LONGTERM LIABILITIES                                      7.037                     7.398

                   

PROVISIONS/RESERVES                                958                       970

 

SHAREHOLDER’S EQUITY                                  6.916                     7.614

 

 

 

 

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

 

 

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%)

 

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions