MIRA INFORM REPORT

 

 

Report Date :

05.10.2007

 

IDENTIFICATION DETAILS

 

Name :

INFORMATIONSTEKNIK SCANDINAVIA A/S

 

 

Registered Office :

Vestre Teglgade 12, Dk-2450 Copenhagen Sv

 

 

Country :

Denmark

 

 

Financials (as on) :

30.09.2006

 

 

Date of Incorporation :

1953

 

 

Com. Reg. No.:

AS172498

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Supplier of audio-visual systems solutions.

Supplier worldwide of electronic conference systems solutions

 

 

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 300.000

 

 

Status :

Satisfactory

 

 

Payment Behaviour :

Regular

 

 

Litigation :

Clear

 

 

COMPANY’S NAME

 

INFORMATIONSTEKNIK SCANDINAVIA A/S

 

 

ADDRESS

 

Vestre Teglgade 12

DK-2450 COPENHAGEN SV

TELEPHONE-NO                                +45 33 85 40 40

TELEFAX-NO                                     +46 33 84 40 41

E-MAIL-ADDRESS                             info@informationsteknik.com

 

 

LOCAL CURRENCY  

 

D K K

 

 

FOUNDATION

 

Originally 1953, present form 1988 as DIS, Danish Interpretation System ICS A/S registered. 1991 merger with Informationsteknik Scandinavia A/S and name changed into present.

 

                                                        

CENTRAL BUSINESS-REG-NO

 

12-56-63-01

 

 

COMPANY REG-NO  

 

AS172498

 

 

EU-VAT-ID-NO

 

DK12566301

 

 

LEGAL FORM

 

Private Limited Company

 

 

 

 

 

SHARE CAPITAL

 

DKK 2.147.200,-

 

 

SHAREHOLDERS

 

DK29142297

BFFB ApS

 

DK27580157

IT Investor ApS

 

 

AUDITORS    

 

Ernst & Young

Tagensvej 86

2200 COPENHAGEN N

Tel: 35 87 22 22

 

 

BOARD OF DIRECTORS

 

Urs Richenbacher, chairman

Jesper Rothe, deputy

Finn Halken

 

 

MANAGING DIRECTOR

 

Finn Halken

 

                                                        

ACTIVITY

 

In Scandinavia, the Group is the leading supplier of audio-visual systems solutions. The Group is also a leading supplier worldwide of electronic conference systems solutions, including sales of DIS, the Danish Interpretation Systems product line.

 

 

TRADE NAMES

 

DIS, Danish Interpretation Systems ICS A/S

Ny Informationsteknik A/S

DIS Europe A/S

DIS Conference Solutions A/S

DIS, Conference Systems A/S

DIS, Danish Interpretation Systems A/S

DIS, Digital Conference Solutions A/S

DIS, Digital Interpretation Systems A/S

 

 

EMPLOYEES 

 

82 / group 128

 

 

TURNOVER   

 

Figures are strictly confidential.

 

 

SUBSIDIARIES

 

Informationsteknik Scandinavia AB, Sweden

Informationsteknik Scandinavia AS, Norway

Informationsteknik HH Technisound AB, Sweden

DIS Belgium SPRL, Belgium

all 100 %

 

 

PARTICIPATIONS

 

Danish Interpretation Systems Ltd.,

Thailand, 48,99 %

 

 

FINANCIAL STANDING

 

The financial standing is sound.

 

 

ACCOUNTS   

 

See latest published figures on page 3.

 

 

REAL ESTATE

 

Facilities are rented

 

 

PAYMENTS

 

Nothing detrimental has been noted.

 

 

BANKERS

 

Danske Bank A/S

Nordea Bank Danmark A/S

BG Bank A/S

 

 

CREDIT OPINION

 

Business and credit connection admissible.

 

 

MAX CREDIT 30 DAYS  

 

EUR 300.000,-

 

 

ACCOUNTS CLOSED AT                                   30.09.2006             30.09.2005

 

EXTRACT IN 1000 DKK

 

PROFIT & LOSS ACCOUNT

 

OPERATING RESULTS                                       4.206                     2.697

 

RESULTS BEFORE TAXES                                 8.153                     4.637

 

YEAR’S NET RESULT                                         5.722                     3.288                    

 

TOTAL ASSETS                                               95.492                   90.414

 

ASSETS

 

FIXED ASSETS                                                 47.431                   40.060

-Machines & equipments                                      9.275                     8.858

-Financial assets                                               16.053                   10.803

-Intangible assets                                               22.103                   20.399

 

CURRENT ASSETS                                           48.061                   50.354

-Receivables                                                      31.819                   29.327

-Inventories                                                        15.648                   18.705

-Cash, bank etc.                                              594                           2.322

 

EQUITY & LIABILITIES

 

SHORTTERM LIABILITIES                                  52.660                   53.089

-Suppliers                                                          18.022                   21.423

-Bankers                                                           19.586                   22.533

 

LONGTERM LIABILITIES                                  597                           1.780

                   

PROVISIONS/RESERVES                                   4.918                     4.380

 

MIONORITY INTERESTS                                     1.243                 856

 

SHAREHOLDER’S EQUITY                                36.074                   30.309

 

 

 

 

 

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.

 

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