MIRA INFORM REPORT

 

 

Report Date :

20.10.2007

 

IDENTIFICATION DETAILS

 

Name :

HANS ANDERSSON PAPER AB

 

 

Registered Office :

Importgatan 45, 42246 Hisings Backa Se

 

 

Country :

Sweden

 

 

Financials (as on) :

31.08.2006

 

 

Date of Incorporation :

28 July 1999

 

 

Com. Reg. No.:

5565736799

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Wholesale of miscellaneous intermediate products.

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Aa

 

RATING

STATUS

PROPOSED CREDIT LINE

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

 

Maximum Credit Limit :

8000000 SEK

 

 

Status :

Good

 

 

Payment Behaviour :

Regular

 

 

Litigation :

Clear

 

 

name & address

 

HANS ANDERSSON PAPER AB

IMPORTGATAN 45

42246 HISINGS BACKA SE

Tel. Number       +46-31-586909

 

 

Business registered

28 July 1999 - Private limited company (no information regarding quotation)

Registration number,

5565736799,

Tax number :,

SE556573679901,

Legal form

Private limited company (no information regarding quotation)

Activities

Wholesale of miscellaneous intermediate products

Credit opinion

High creditworthiness

 

Maximum credit limit 8000000 SEK is advised

Total share capital

SEK 3000000

Boardmembers

BENGTSSON   Boardmember

 

HANS-ERIC WILHELM ANDERSSON   Boardmember

 

MIKAEL WEIJERMAN   Boardmember

Auditor

ANDERS WINDT   Auditor

 

MORGAN ERIKSSON   Deputy auditor

Management

RASMUS HANSEN   Managing director

 

 

 

 

 

 

The business have taken out debentures and /or debenture mortgages?  No (mortgages/Debentures) 

 

Corporate balance sheet for the year: 01 September 2005 - 31 August 2006  in  SEK 

Inventories and work in progress (incl. prepayments)

346.000,-

Accounts receivable (trade)

46.947.000,-

Cash in hand and at bank

3.121.000,-

Total Current assets

51.281.000,-

Total assets incl. prepaid expenses and accrued income

51.281.000,-

Issued (subscribed) capital

3.000.000,-

Statutory reserves

600.000,-

Profit or loss carried forward

3.328.000,-

Profit or loss for the financial year

1.911.000,-

Total equity (Shareholders' funds)

8.839.000,-

Long-term liabilities to credit institutions

24.937.000,-

Total long-term liabilities

24.937.000,-

Current accounts payable (trade)

6.044.000,-

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

186.000,-

Total current liabilities

11.830.000,-

Total liabilities

36.767.000,-

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

51.281.000,-

Dividend

1.000.000,-

Other contingent liabilities

126.000,-

Total contingent liabilities.

126.000,-

Equity/assets ratio

24,-

Acid-test ratio

430,-

Return on assets

10,-

Average interest on debt

-2,-

Cash flow as percentage of total liabilities

7,-

Debt/equity ratio

300,-

Current ratio

433,-

Return on equity

26,-

Interest coverage ratio

5,-

Inventory turnover rate (times/year)

423,-

Risk buffer

7,-

Capital turnover rate (times/year)

2,-

Working capital as percentage of turnover

26,-

Accounts receivable as percentage of turnover

32,-

Current liabilities as percentage of turnover

8,-

Credit period granted

76,-

Cash flow as percentage of financial expenses

269,-

Solvency margin

28,-

Risk ratio

1,-

Credit period received

11,-

Gross margin

2,-

Operating margin

3,-

Net margin

2,-

 

Corporate balance sheet for the year: 01 September 2004 - 31 August 2005  in  SEK 

Inventories and work in progress (incl. prepayments)

829.000,-

Accounts receivable (trade)

43.002.000,-

Cash in hand and at bank

23.000,-

Total Current assets

45.944.000,-

Total assets incl. prepaid expenses and accrued income

45.944.000,-

Issued (subscribed) capital

3.000.000,-

Statutory reserves

600.000,-

Profit or loss carried forward

3.044.000,-

Profit or loss for the financial year

1.284.000,-

Total equity (Shareholders' funds)

7.928.000,-

Long-term liabilities to credit institutions

19.986.000,-

Bank overdraft granted of which bank overdraft utilized

1.805.000,-

Total long-term liabilities

19.986.000,-

Current accounts payable (trade)

7.877.000,-

Total current liabilities

13.075.000,-

Total liabilities

33.061.000,-

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

45.944.000,-

Dividend

2.000.000,-

Other contingent liabilities

216.000,-

Total contingent liabilities.

216.000,-

Equity/assets ratio

24,-

Acid-test ratio

345,-

Return on assets

6,-

Average interest on debt

-1,-

Cash flow as percentage of total liabilities

5,-

Debt/equity ratio

303,-

Current ratio

351,-

Return on equity

20,-

Interest coverage ratio

6,-

Inventory turnover rate (times/year)

140,-

Risk buffer

4,-

Capital turnover rate (times/year)

2,-

Working capital as percentage of turnover

28,-

Accounts receivable as percentage of turnover

36,-

Current liabilities as percentage of turnover

11,-

Credit period granted

77,-

Cash flow as percentage of financial expenses

445,-

Solvency margin

28,-

Risk ratio

2,-

Credit period received

16,-

Gross margin

2,-

Operating margin

2,-

Net margin

2,-

 

Corporate balance sheet for the year: 01 September 2003 - 31 August 2004  in  SEK 

Accounts receivable (trade)

29.542.000,-

Cash in hand and at bank

1.736.000,-

Total Current assets

33.253.000,-

Total assets incl. prepaid expenses and accrued income

33.253.000,-

Issued (subscribed) capital

3.000.000,-

Statutory reserves

600.000,-

Profit or loss carried forward

2.838.000,-

Profit or loss for the financial year

2.206.000,-

Total equity (Shareholders' funds)

8.644.000,-

Long-term liabilities to credit institutions

7.825.000,-

Bank overdraft granted of which bank overdraft utilized

2.318.000,-

Total long-term liabilities

7.825.000,-

Current accounts payable (trade)

7.796.000,-

Total current liabilities

12.410.000,-

Total liabilities

20.235.000,-

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

33.253.000,-

Dividend

2.000.000,-

Bank overdraft granted

4.500.000,-

Other contingent liabilities

189.000,-

Total contingent liabilities.

189.000,-

Equity/assets ratio

35,-

Acid-test ratio

267,-

Return on assets

12,-

Cash flow as percentage of total liabilities

15,-

Debt/equity ratio

184,-

Current ratio

267,-

Return on equity

34,-

Interest coverage ratio

31,-

Risk buffer

12,-

Capital turnover rate (times/year)

3,-

Working capital as percentage of turnover

20,-

Accounts receivable as percentage of turnover

28,-

Current liabilities as percentage of turnover

12,-

Credit period granted

62,-

Cash flow as percentage of financial expenses

2.369,-

Solvency margin

39,-

Risk ratio

2,-

Credit period received

15,-

Gross margin

4,-

Operating margin

4,-

Net margin

3,-

 

Corporate profit and loss account for the year: 01 September 2005 - 31 August 2006  in  SEK 

Main revenue (sales/turnover)

146.545.000,-

Total operating income/revenue

146.566.000,-

Cost of materials (type of expenditure format)

-112.685.000,-

Inventories and work in progress (incl. prepayments)

-112.685.000,-

Total operating expenses

-142.530.000,-

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

33.860.000,-

Operating profit or loss

4.036.000,-

Financial income

363.000,-

Financial expenses

-976.000,-

Result of ordinary operations

3.422.000,-

Pre-tax and pre-appropriation profit or loss

3.422.000,-

Appropriations

-721.000,-

Taxes

-790.000,-

Net profit or loss

1.911.000,-

 

Corporate profit and loss account for the year: 01 September 2004 - 31 August 2005  in  SEK 

Main revenue (sales/turnover)

116.542.000,-

Total operating income/revenue

116.859.000,-

Cost of materials (type of expenditure format)

-89.439.000,-

Inventories and work in progress (incl. prepayments)

-89.439.000,-

Total operating expenses

-114.136.000,-

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

27.103.000,-

Operating profit or loss

2.722.000,-

Financial income

68.000,-

Financial expenses

-419.000,-

Result of ordinary operations

2.371.000,-

Pre-tax and pre-appropriation profit or loss

2.371.000,-

Appropriations

-580.000,-

Taxes

-506.000,-

Net profit or loss

1.284.000,-

 

Corporate profit and loss account for the year: 01 September 2003 - 31 August 2004  in  SEK 

Main revenue (sales/turnover)

103.353.000,-

Total operating income/revenue

103.353.000,-

Cost of materials (type of expenditure format)

-76.815.000,-

Inventories and work in progress (incl. prepayments)

-76.815.000,-

Total operating expenses

-99.208.000,-

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

26.538.000,-

Operating profit or loss

4.145.000,-

Financial income

72.000,-

Financial expenses

-136.000,-

Result of ordinary operations

4.081.000,-

Pre-tax and pre-appropriation profit or loss

4.081.000,-

Appropriations

-1.015.000,-

Taxes

-859.000,-

Net profit or loss

2.206.000,-

 

Turnover for the period: 01 September 2005 - 31 August 2006  in  SEK 146.566.000,00

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

 

Turnover for the period: 01 September 2004 - 31 August 2005  in  SEK 116.859.000,00

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

 

Turnover for the period: 01 September 2003 - 31 August 2004  in  SEK 103.353.000,00

 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