MIRA INFORM REPORT

 

 

Report Date :

11.10.2007

 

IDENTIFICATION DETAILS

 

Name :

LOIPART AB

 

 

Registered Office :

BOX 694, 44118 Alingsås SE

 

 

Country :

Sweden

 

 

Financials (as on) :

31.12.2005

 

 

Date of Incorporation :

12 November 2003

 

 

Com. Reg. No.:

5566516406

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Repair of electrical household goods

 

 

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

 

Status :

Satisfactory

 

 

Payment Behaviour :

Regular

 

 

Litigation :

Clear

 

 

name & address

 

LOIPART AB

BOX 694

44118 Alingsås SE

Tel. Number       +46-322-668360

 

 

Business registered

12 November 2003 - Private limited company (no information regarding quotation)

Registration number,

5566516406,

Tax number :,

SE556651640601,

Legal form

Private limited company (no information regarding quotation)

Activities

No Match!

 

Repair of electrical household goods

Employees (Business)

 32

Total share capital

SEK 900000

Boardmembers

KARIN INGEGERD JOHANSSON   Boardmember

 

JUKKA TAPIO LEHTINEN   Boardmember

 

JUHA TAPIO MYLLYMAA   Boardmember

 

TEEA LEHTINEN   Boardmember

Auditor

MARIA SVANTESSON   Auditor

 

KENT LINDHOLM   Deputy auditor

Management

JUHA TAPIO JOKINEN   Managing director

Subsidiary company.

ISORELLE HOLDINGS INC   100 %   

Shareholder in ultimate parent company

LOIPART OY   100 %   Shareholder

 

 

 

The business have taken out debentures and /or debenture mortgages?  Yes (mortgages/Debentures) 00 May 2007

all debentures and debenture mortgages taken out.  4800000 

 

Corporate balance sheet for the year: 01 January 2005 - 31 December 2005  in  SEK 

Total intangible fixed assets

649.000,-

Plant, machinery and equipment

411.000,-

Total tangible fixed assets

411.000,-

Loans, shares and participations

76.000,-

Total financial fixed assets

661.000,-

Total fixed assets

1.721.000,-

Inventories and work in progress (incl. prepayments)

18.827.000,-

Accounts receivable (trade)

23.508.000,-

Receivables from affiliates and companies in which participations are held

7.947.000,-

Cash in hand and at bank

3.401.000,-

Total Current assets

59.212.000,-

Total assets incl. prepaid expenses and accrued income

60.932.000,-

Issued (subscribed) capital

900.000,-

Share premium account (capital reserve)

-2.500.000,-

Profit or loss carried forward

17.000,-

Profit or loss for the financial year

10.689.000,-

Total equity (Shareholders' funds)

9.106.000,-

Total provisions

2.262.000,-

Current liabilities to credit institutions

940.000,-

Current accounts payable (trade)

24.324.000,-

Total current liabilities

45.694.000,-

Total liabilities

45.694.000,-

Total equity, provisions, liabilities, accrued expenses and deferred income

60.932.000,-

Number of employees

32,-

Salaries board/Managing Director

1.082.000,-

Salaries to others

11.167.000,-

Total salaries

12.249.000,-

Total salaries and remunerations

12.249.000,-

Social security expenses

5.228.000,-

Dividend

5.598.000,-

Depreciation

269.000,-

Floating charges

3.300.000,-

Total pledged assets

3.300.000,-

Equity/assets ratio

19,-

Acid-test ratio

88,-

Return on assets

29,-

Cash flow as percentage of total liabilities

30,-

Debt/equity ratio

416,-

Current ratio

129,-

Return on equity

150,-

Self-financing rate

1.933,-

Interest coverage ratio

179,-

Inventory turnover rate (times/year)

9,-

Risk buffer

29,-

Labour costs as percentage of turnover

-6,-

Capital turnover rate (times/year)

3,-

Working capital as percentage of turnover

7,-

Accounts receivable as percentage of turnover

12,-

Inventory as percentage of turnover

10,-

Current liabilities as percentage of turnover

24,-

Credit period granted

31,-

Turnover per employee in SEK thousands

5.749.000,-

Cash flow as percentage of financial expenses

14.827,-

Solvency margin

21,-

Structure of financial fixed assets

38,-

Intangible fixed assets structure

37,-

Tangible fixed assets structure

23,-

Credit period received

33,-

Gross margin

9,-

Operating margin

9,-

Net margin

9,-

 

Corporate balance sheet for the year: 12 November 2003 - 31 December 2004  in  SEK 

Total intangible fixed assets

677.000,-

Plant, machinery and equipment

167.000,-

Total tangible fixed assets

167.000,-

Total financial fixed assets

110.000,-

Total fixed assets

954.000,-

Inventories and work in progress (incl. prepayments)

7.520.000,-

Accounts receivable (trade)

22.809.000,-

Cash in hand and at bank

11.000,-

Total Current assets

34.710.000,-

Total assets incl. prepaid expenses and accrued income

35.664.000,-

Issued (subscribed) capital

900.000,-

Share premium account (capital reserve)

2.500.000,-

Profit or loss for the financial year

-2.483.000,-

Total equity (Shareholders' funds)

917.000,-

Total provisions

700.000,-

Current accounts payable (trade)

24.684.000,-

Current payables to affiliated companies and to companies in which participations are held

2.978.000,-

Total current liabilities

34.047.000,-

Total liabilities

34.047.000,-

Total equity, provisions, liabilities, accrued expenses and deferred income

35.664.000,-

Number of employees

29,-

Salaries board/Managing Director

411.000,-

Salaries to others

11.689.000,-

Total salaries

12.100.000,-

Total salaries and remunerations

12.100.000,-

Social security expenses

5.048.000,-

Depreciation

76.000,-

Floating charges

2.000.000,-

Total pledged assets

2.000.000,-

Other contingent liabilities

2.500.000,-

Total contingent liabilities.

2.500.000,-

Equity/assets ratio

2,-

Acid-test ratio

79,-

Return on assets

18,-

Cash flow as percentage of total liabilities

-5,-

Debt/equity ratio

3.789,-

Current ratio

101,-

Return on equity

-45,-

Interest coverage ratio

114,-

Inventory turnover rate (times/year)

12,-

Risk buffer

18,-

Labour costs as percentage of turnover

-11,-

Capital turnover rate (times/year)

2,-

Accounts receivable as percentage of turnover

24,-

Inventory as percentage of turnover

8,-

Current liabilities as percentage of turnover

36,-

Turnover per employee in SEK thousands

3.185.000,-

Cash flow as percentage of financial expenses

-3.592,-

Solvency margin

2,-

Structure of financial fixed assets

11,-

Intangible fixed assets structure

70,-

Tangible fixed assets structure

17,-

Risk ratio

272,-

Operating margin

7,-

 

Corporate profit and loss account for the year: 01 January 2005 - 31 December 2005  in  SEK 

Main revenue (sales/turnover)

181.799.000,-

Total operating income/revenue

183.978.000,-

Cost of materials (type of expenditure format)

-137.414.000,-

Inventories and work in progress (incl. prepayments)

-137.414.000,-

Personnel costs

-17.693.000,-

Depreciation

-269.000,-

Total operating expenses

-166.381.000,-

Gross profit or loss after cost of materials or after cost of goods sold

44.385.000,-

Operating profit or loss

17.598.000,-

Financial income

312.000,-

Financial expenses

-100.000,-

Result of ordinary operations

17.810.000,-

Pre-tax and pre-appropriation profit or loss

17.810.000,-

Appropriations

-3.870.000,-

Taxes

-3.252.000,-

Net profit or loss

10.689.000,-

 

Corporate profit and loss account for the year: 12 November 2003 - 31 December 2004  in  SEK 

Main revenue (sales/turnover)

105.432.000,-

Total operating income/revenue

107.784.000,-

Cost of materials (type of expenditure format)

-79.224.000,-

Inventories and work in progress (incl. prepayments)

-79.224.000,-

Personnel costs

-17.224.000,-

Depreciation

-76.000,-

Total operating expenses

-108.201.000,-

Gross profit or loss after cost of materials or after cost of goods sold

26.208.000,-

Operating profit or loss

-417.000,-

Financial income

1.000,-

Financial expenses

-67.000,-

Result of ordinary operations

-483.000,-

Extraordinary expenses

-2.000.000,-

Pre-tax and pre-appropriation profit or loss

-2.483.000,-

Net profit or loss

-2.483.000,-

 

Turnover for the period: 01 January 2005 - 31 December 2005  in  SEK 183.978.000,00

 Not consolidated profit and loss turnover of the business: Figure given by an official source: 

 

Turnover for the period: 12 November 2003 - 31 December 2004  in  SEK 107.784.000,00

 Not consolidated profit and loss turnover of the business: Figure given by an official source: 

 

 

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