MIRA INFORM REPORT

 

 

Report Date :

20.10.2007

 

IDENTIFICATION DETAILS

 

Name :

MYDATA AUTOMATION AB

 

 

Registered Office :

Box 20155, 16102 Bromma Se

 

 

Country :

Sweden

 

 

Financials (as on) :

31.12.2006

 

 

Date of Incorporation :

03 January 1984

 

 

Com. Reg. No.:

5562386739

 

 

Legal Form :

Public Limited Company

 

 

Line of Business :

Manufacture of miscellaneous special purpose machinery.

 

 

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 :

10000000 SEK

 

 

Status :

Good

 

 

Payment Behaviour :

Regular

 

 

Litigation :

Clear

 

 

name & address

 

MYDATA AUTOMATION AB

BOX 20155

16102 BROMMA SE

Tel. Number       +46-8-4755500

 

 

Business registered

03 January 1984 - Public limited company (no information regarding quotation)

Registration number,

5562386739,

Tax number :,

SE556238673901,

Legal form

Public limited company (no information regarding quotation)

Activities

Manufacture of miscellaneous special purpose machinery

Credit opinion

High creditworthiness

 

Maximum credit limit 10000000 SEK is advised

Employees (Business)

 187

Petition for injunction to pay.00 September 2006

 160

L4:G

NT SWEDEN AB

Petition for injunction to pay.00 February 2005

 5116

L4:J

ETPAK AB

Injunctions (total number),

 2

Injunctions (total amount),

 5276

Total number of judgements, injunctions, claims, etc. (”weak negative facts”)

 2

Total share capital

SEK 6149000

Boardmembers

OVE HENNING MATTSSON   Boardmember

 

DAG TIGERSCHI!OLD   Boardmember

 

PATRIK TIGERSCHI!OLD   Boardmember

 

PETER ANDREAS BLADH   Deputy boardmember

 

TOMMY !AKE ANDERSSON   Employer representative

 

STEFAN SAHLIN   Employer representative

 

MIKAEL JUNGIN   Deputy employer representative

 

PETER SUNDSTR!OM   Deputy employer representative

Auditor

ERNST & YOUNG AB   Auditor

 

H!AKAN ASPENBLAD   Deputy auditor

Management

BENGT BROMAN   Managing director

Parent company :

5562354141   SKANDITEK INDUSTRIF!ORVALTNING AB   95 %   

 

 

 

The business have taken out debentures and /or debenture mortgages?  Yes (mortgages/Debentures) 00 July 1995

all debentures and debenture mortgages taken out.  32700000 

 

Corporate balance sheet for the year: 01 January 2006 - 31 December 2006  in  SEK 

Plant, machinery and equipment

857.000,-

Total tangible fixed assets

857.000,-

Loans, shares and participations

3.269.000,-

Total financial fixed assets

13.156.000,-

Total fixed assets

14.013.000,-

Inventories and work in progress (incl. prepayments)

79.046.000,-

Accounts receivable (trade)

57.687.000,-

Receivables from affiliates and companies in which participations are held

107.278.000,-

Cash in hand and at bank

51.002.000,-

Total Current assets

321.791.000,-

Total assets incl. prepaid expenses and accrued income

335.804.000,-

Issued (subscribed) capital

6.149.000,-

Share premium account (capital reserve)

3.462.000,-

Statutory reserves

2.014.000,-

Profit or loss carried forward

154.969.000,-

Profit or loss for the financial year

48.378.000,-

Total equity (Shareholders' funds)

200.370.000,-

Total provisions

7.400.000,-

Current accounts payable (trade)

39.536.000,-

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

39.064.000,-

Total current liabilities

120.574.000,-

Total liabilities

120.574.000,-

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

335.804.000,-

Number of employees

187,-

Salaries board/Managing Director

6.281.000,-

Salaries to others

74.895.000,-

Total salaries

81.176.000,-

Total salaries and remunerations

81.176.000,-

Social security expenses

41.657.000,-

Dividend

771.000,-

Unspecified depreciations

270.000,-

Unspecified depreciations of which goods sold

43.000,-

Unspecified depreciations of which sell costs

22.000,-

Unspecified depreciations of which admin costs

44.000,-

Unspecified depreciations of which R&D costs

161.000,-

Bank overdraft granted

35.000.000,-

Floating charges

32.700.000,-

Total pledged assets

32.700.000,-

Other contingent liabilities

3.563.000,-

Total contingent liabilities.

3.563.000,-

Equity/assets ratio

61,-

Acid-test ratio

201,-

Return on assets

16,-

Average interest on debt

-9,-

Cash flow as percentage of total liabilities

18,-

Debt/equity ratio

63,-

Current ratio

266,-

Return on equity

20,-

Self-financing rate

1.664,-

Interest coverage ratio

4,-

Inventory turnover rate (times/year)

7,-

Risk buffer

6,-

Labour costs as percentage of turnover

-13,-

Capital turnover rate (times/year)

1,-

Working capital as percentage of turnover

33,-

Accounts receivable as percentage of turnover

9,-

Inventory as percentage of turnover

13,-

Current liabilities as percentage of turnover

20,-

Credit period granted

21,-

Turnover per employee in SEK thousands

3.170.000,-

Cash flow as percentage of financial expenses

180,-

Solvency margin

61,-

Structure of financial fixed assets

93,-

Tangible fixed assets structure

6,-

Risk ratio

1,-

Credit period received

21,-

Gross margin

8,-

Operating margin

8,-

Net margin

7,-

 

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

Plant, machinery and equipment

1.015.000,-

Total tangible fixed assets

1.015.000,-

Loans, shares and participations

3.204.000,-

Total financial fixed assets

11.606.000,-

Total fixed assets

12.621.000,-

Inventories and work in progress (incl. prepayments)

81.086.000,-

Accounts receivable (trade)

45.086.000,-

Receivables from affiliates and companies in which participations are held

109.395.000,-

Cash in hand and at bank

23.577.000,-

Total Current assets

285.387.000,-

Total assets incl. prepaid expenses and accrued income

298.008.000,-

Issued (subscribed) capital

6.100.000,-

Statutory reserves

2.014.000,-

Profit or loss carried forward

141.472.000,-

Profit or loss for the financial year

17.710.000,-

Total equity (Shareholders' funds)

167.296.000,-

Total provisions

6.732.000,-

Long-term payables to affiliated companies and to companies in which participations are held

25.000,-

Total long-term liabilities

25.000,-

Current accounts payable (trade)

62.147.000,-

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

3.168.000,-

Total current liabilities

91.022.000,-

Total liabilities

91.047.000,-

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

298.008.000,-

Number of employees

184,-

Salaries board/Managing Director

2.822.000,-

Salaries to others

70.134.000,-

Total salaries

72.956.000,-

Total salaries and remunerations

72.956.000,-

Social security expenses

37.353.000,-

Unspecified depreciations

203.000,-

Unspecified depreciations of which goods sold

16.000,-

Unspecified depreciations of which sell costs

15.000,-

Unspecified depreciations of which admin costs

18.000,-

Unspecified depreciations of which R&D costs

154.000,-

Bank overdraft granted

35.000.000,-

Floating charges

32.700.000,-

Total pledged assets

32.700.000,-

Other contingent liabilities

5.684.000,-

Total contingent liabilities.

5.684.000,-

Equity/assets ratio

63,-

Acid-test ratio

224,-

Return on assets

8,-

Average interest on debt

-2,-

Cash flow as percentage of total liabilities

16,-

Debt/equity ratio

57,-

Current ratio

313,-

Return on equity

12,-

Interest coverage ratio

11,-

Inventory turnover rate (times/year)

6,-

Risk buffer

6,-

Labour costs as percentage of turnover

-13,-

Capital turnover rate (times/year)

1,-

Working capital as percentage of turnover

36,-

Accounts receivable as percentage of turnover

8,-

Inventory as percentage of turnover

15,-

Current liabilities as percentage of turnover

17,-

Credit period granted

20,-

Turnover per employee in SEK thousands

2.855.000,-

Cash flow as percentage of financial expenses

684,-

Solvency margin

67,-

Structure of financial fixed assets

91,-

Tangible fixed assets structure

8,-

Risk ratio

3,-

Credit period received

27,-

Gross margin

4,-

Operating margin

4,-

Net margin

4,-

 

Corporate balance sheet for the year: 01 January 2004 - 31 December 2004  in  SEK 

Plant, machinery and equipment

711.000,-

Total tangible fixed assets

711.000,-

Loans, shares and participations

2.978.000,-

Total financial fixed assets

15.733.000,-

Total fixed assets

16.444.000,-

Inventories and work in progress (incl. prepayments)

76.852.000,-

Accounts receivable (trade)

42.042.000,-

Receivables from affiliates and companies in which participations are held

103.763.000,-

Cash in hand and at bank

7.393.000,-

Total Current assets

250.082.000,-

Total assets incl. prepaid expenses and accrued income

266.526.000,-

Issued (subscribed) capital

6.100.000,-

Statutory reserves

2.014.000,-

Profit or loss carried forward

136.386.000,-

Profit or loss for the financial year

5.087.000,-

Total equity (Shareholders' funds)

149.587.000,-

Total provisions

5.829.000,-

Long-term payables to affiliated companies and to companies in which participations are held

25.000,-

Total long-term liabilities

25.000,-

Current accounts payable (trade)

54.041.000,-

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

2.406.000,-

Total current liabilities

76.397.000,-

Total liabilities

76.422.000,-

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

266.526.000,-

Number of employees

174,-

Salaries board/Managing Director

1.871.000,-

Salaries to others

62.370.000,-

Total salaries

64.241.000,-

Total salaries and remunerations

64.241.000,-

Social security expenses

31.884.000,-

Unspecified depreciations

92.000,-

Unspecified depreciations of which goods sold

2.000,-

Unspecified depreciations of which admin costs

12.000,-

Unspecified depreciations of which R&D costs

78.000,-

Bank overdraft granted

35.000.000,-

Floating charges

32.700.000,-

Total pledged assets

32.700.000,-

Other contingent liabilities

4.817.000,-

Total contingent liabilities.

4.817.000,-

Equity/assets ratio

65,-

Acid-test ratio

226,-

Return on assets

5,-

Average interest on debt

-6,-

Cash flow as percentage of total liabilities

8,-

Debt/equity ratio

53,-

Current ratio

327,-

Return on equity

5,-

Interest coverage ratio

2,-

Inventory turnover rate (times/year)

5,-

Labour costs as percentage of turnover

-14,-

Capital turnover rate (times/year)

1,-

Working capital as percentage of turnover

38,-

Accounts receivable as percentage of turnover

9,-

Inventory as percentage of turnover

17,-

Current liabilities as percentage of turnover

16,-

Credit period granted

21,-

Turnover per employee in SEK thousands

2.588.000,-

Cash flow as percentage of financial expenses

128,-

Solvency margin

69,-

Structure of financial fixed assets

95,-

Tangible fixed assets structure

4,-

Risk ratio

3,-

Credit period received

27,-

Gross margin

2,-

Operating margin

2,-

Net margin

2,-

 

Corporate profit and loss account for the year: 01 January 2006 - 31 December 2006  in  SEK 

Main revenue (sales/turnover)

591.303.000,-

Total operating income/revenue

592.824.000,-

Cost of materials (type of expenditure format)

-372.160.000,-

Total operating expenses

-540.709.000,-

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

219.143.000,-

Depreciations

-270.000,-

Operating profit or loss

52.115.000,-

Financial income

2.874.000,-

Financial expenses

-12.834.000,-

Result of ordinary operations

42.155.000,-

Pre-tax and pre-appropriation profit or loss

42.155.000,-

Appropriations

25.473.000,-

Taxes

-19.250.000,-

Net profit or loss

48.378.000,-

 

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

Main revenue (sales/turnover)

523.212.000,-

Total operating income/revenue

525.438.000,-

Cost of materials (type of expenditure format)

-343.259.000,-

Total operating expenses

-501.845.000,-

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

179.953.000,-

Depreciations

-203.000,-

Operating profit or loss

23.593.000,-

Financial income

3.110.000,-

Financial expenses

-2.359.000,-

Result of ordinary operations

24.344.000,-

Pre-tax and pre-appropriation profit or loss

24.344.000,-

Appropriations

1.755.000,-

Taxes

-8.389.000,-

Net profit or loss

17.710.000,-

 

Corporate profit and loss account for the year: 01 January 2004 - 31 December 2004  in  SEK 

Main revenue (sales/turnover)

446.695.000,-

Total operating income/revenue

450.354.000,-

Cost of materials (type of expenditure format)

-292.849.000,-

Total operating expenses

-438.492.000,-

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

153.846.000,-

Depreciations

-92.000,-

Operating profit or loss

11.862.000,-

Financial income

3.348.000,-

Financial expenses

-5.723.000,-

Result of ordinary operations

9.487.000,-

Pre-tax and pre-appropriation profit or loss

9.487.000,-

Appropriations

-2.177.000,-

Taxes

-2.223.000,-

Net profit or loss

5.087.000,-

 

Turnover for the period: 01 January 2006 - 31 December 2006  in  SEK 592.824.000,00

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

 

Turnover for the period: 01 January 2005 - 31 December 2005  in  SEK 525.438.000,00

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

 

Turnover for the period: 01 January 2004 - 31 December 2004  in  SEK 450.354.000,00

 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