MIRA INFORM REPORT

 

 

 

Report Date :

19.08.2008

 

IDENTIFICATION DETAILS

 

Name :

NATUMIN PHARMA AB

 

 

Registered Office :

Kungsängsvägen 27 56151 HUSKVARNA 

 

 

Country :

Sweden

 

 

Financials (as on) :

31.12.2007

 

 

Date of Incorporation :

21.10.1993

 

 

Com. Reg. No.:

5564747748

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Health Care Industry

 

 

RATING & COMMENTS

 

MIRA’s Rating :

A

 

RATING

STATUS

PROPOSED CREDIT LINE

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

 

Maximum Credit Limit :

SEK 2000000

 

 

Status :

Very Good

 

 

Payment Behaviour :

Regular

 

 

Litigation :

Clear

 

name & address

 

NATUMIN PHARMA AB

 Kungsängsvägen 27

 56151 HUSKVARNA SE

Tel. Number +46-36-396550

 

 

Business registered

 

21 October 1993 - Private limited company (no information regarding quotation)

 

 

Registration number   

 

5564747748,

 

 

Tax number    

 

SE556474774801,

 

 

Legal form

 

Private limited company (no information regarding quotation)

 

 

Activities  

 

2120

 

 

Credit opinion

 

High creditworthiness

 

Maximum credit limit 2000000 SEK is advised

 

 

Employees (Business)   

 

 21

 

 

 

Total share capital

 

SEK 2000000

 

 

Board members   

 

MATS KARL ALLAN K!ERNERUD   Board member

EVA ANN-CHARLOTT K!ERNERUD   Deputy board member

 

 

Auditor 

 

JOSEF HOLGER CHRISTER LANDEN   Auditor

JAN POLSTEN   Auditor

LENA MARIA KRISTINA H!ERELIND   Deputy auditor

 

 

Management   

 

LARS MAGNUS K!ERNERUD   Managing director

 

 

Parent company

 

5566711858   NATUMIN PHARMA HOLDING AB   100 %   

 

                                                         

 

 

 

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

all debentures and debenture mortgages taken out.  11000000 

 

Corporate balance sheet for the year: 01 January 2007 - 31 December 2007  in  SEK 

 

Concessions and industrial rights, goodwill

1.522.000,-

Total intangible fixed assets

5.222.000,-

Plant, machinery and equipment

808.000,-

Total tangible fixed assets

808.000,-

Loans, shares and participations

8.730.000,-

Total financial fixed assets

8.929.000,-

Total fixed assets

14.959.000,-

Inventories and work in progress (incl. prepayments)

9.861.000,-

Accounts receivable (trade)

8.115.000,-

Cash in hand and at bank

4.378.000,-

Total Current assets

24.773.000,-

Total assets incl. prepaid expenses and accrued income

39.731.000,-

Issued (subscribed) capital

2.000.000,-

Statutory reserves

2.000.000,-

Profit or loss carried forward

4.441.000,-

Profit or loss for the financial year

184.000,-

Total equity (Shareholders' funds)

8.625.000,-

Long-term liabilities to credit institutions

4.750.000,-

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

5.550.000,-

Total long-term liabilities

11.836.000,-

Current liabilities to credit institutions

2.000.000,-

Current accounts payable (trade)

3.291.000,-

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

5.572.000,-

Total current liabilities

18.525.000,-

Total liabilities

30.361.000,-

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

39.731.000,-

Number of employees

21,-

Salaries board/Managing Director

540.000,-

Salaries to others

7.888.000,-

Total salaries

8.428.000,-

Total salaries and remunerations

8.428.000,-

Social security expenses

4.117.000,-

Unspecified depreciations

1.812.000,-

Bank overdraft granted

2.500.000,-

Floating charges

11.000.000,-

Total pledged assets

11.000.000,-

Equity/assets ratio

23,-

Acid-test ratio

80,-

Return on assets

10,-

Average interest on debt

-8,-

Cash flow as percentage of total liabilities

9,-

Debt/equity ratio

334,-

Current ratio

133,-

Return on equity

19,-

Interest coverage ratio

1,-

Inventory turnover rate (times/year)

6,-

Risk buffer

2,-

Labour costs as percentage of turnover

-13,-

Capital turnover rate (times/year)

1,-

Working capital as percentage of turnover

9,-

Accounts receivable as percentage of turnover

12,-

Inventory as percentage of turnover

15,-

Current liabilities as percentage of turnover

28,-

Credit period granted

32,-

Turnover per employee in SEK thousands

3.051.000,-

Cash flow as percentage of financial expenses

106,-

Solvency margin

23,-

Structure of financial fixed assets

59,-

Intangible fixed assets structure

34,-

Tangible fixed assets structure

5,-

Credit period received

22,-

Gross margin

7,-

Operating margin

5,-

Net margin

2,-

 

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

 

Concessions and industrial rights, goodwill

2.864.000,-

Total intangible fixed assets

8.629.000,-

Plant, machinery and equipment

612.000,-

Total tangible fixed assets

612.000,-

Loans, shares and participations

10.730.000,-

Total financial fixed assets

11.295.000,-

Total fixed assets

20.536.000,-

Inventories and work in progress (incl. prepayments)

9.748.000,-

Accounts receivable (trade)

8.571.000,-

Cash in hand and at bank

1.528.000,-

Total Current assets

21.098.000,-

Total assets incl. prepaid expenses and accrued income

41.634.000,-

Issued (subscribed) capital

2.000.000,-

Statutory reserves

2.000.000,-

Profit or loss carried forward

2.650.000,-

Profit or loss for the financial year

2.451.000,-

Total equity (Shareholders' funds)

9.101.000,-

Long-term liabilities to credit institutions

6.750.000,-

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

5.842.000,-

Total long-term liabilities

14.514.000,-

Current liabilities to credit institutions

2.000.000,-

Current accounts payable (trade)

8.205.000,-

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

3.453.000,-

Total current liabilities

18.019.000,-

Total liabilities

32.533.000,-

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

41.634.000,-

Number of employees

20,-

Salaries board/Managing Director

522.000,-

Salaries to others

7.002.000,-

Total salaries

7.524.000,-

Total salaries and remunerations

7.524.000,-

Social security expenses

3.667.000,-

Unspecified depreciations

1.796.000,-

Bank overdraft granted

2.500.000,-

Floating charges

11.000.000,-

Total pledged assets

11.000.000,-

Equity/assets ratio

21,-

Acid-test ratio

62,-

Return on assets

6,-

Cash flow as percentage of total liabilities

13,-

Debt/equity ratio

357,-

Current ratio

117,-

Return on equity

26,-

Self-financing rate

39,-

Interest coverage ratio

9,-

Inventory turnover rate (times/year)

5,-

Risk buffer

5,-

Labour costs as percentage of turnover

-13,-

Capital turnover rate (times/year)

1,-

Working capital as percentage of turnover

5,-

Accounts receivable as percentage of turnover

15,-

Inventory as percentage of turnover

17,-

Current liabilities as percentage of turnover

31,-

Credit period granted

45,-

Turnover per employee in SEK thousands

2.829.000,-

Cash flow as percentage of financial expenses

1.474,-

Solvency margin

21,-

Structure of financial fixed assets

55,-

Intangible fixed assets structure

42,-

Tangible fixed assets structure

2,-

Credit period received

38,-

Gross margin

7,-

Operating margin

4,-

Net margin

4,-

 

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

 

Concessions and industrial rights, goodwill

2.722.000,-

Total intangible fixed assets

8.633.000,-

Plant, machinery and equipment

418.000,-

Total tangible fixed assets

418.000,-

Loans, shares and participations

730.000,-

Total financial fixed assets

730.000,-

Total fixed assets

9.780.000,-

Inventories and work in progress (incl. prepayments)

6.033.000,-

Accounts receivable (trade)

12.092.000,-

Cash in hand and at bank

5.318.000,-

Total Current assets

25.539.000,-

Total assets incl. prepaid expenses and accrued income

35.319.000,-

Issued (subscribed) capital

2.000.000,-

Statutory reserves

2.000.000,-

Profit or loss carried forward

2.293.000,-

Profit or loss for the financial year

2.449.000,-

Total equity (Shareholders' funds)

8.742.000,-

Long-term liabilities to credit institutions

3.750.000,-

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

5.842.000,-

Total long-term liabilities

9.592.000,-

Current liabilities to credit institutions

1.000.000,-

Current accounts payable (trade)

9.073.000,-

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

1.144.000,-

Total current liabilities

16.985.000,-

Total liabilities

26.577.000,-

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

35.319.000,-

Number of employees

17,-

Salaries board/Managing Director

485.000,-

Salaries to others

5.727.000,-

Total salaries

6.212.000,-

Total salaries and remunerations

6.212.000,-

Social security expenses

3.036.000,-

Dividend

635.000,-

Unspecified depreciations

1.637.000,-

Bank overdraft granted

2.500.000,-

Floating charges

1.100.000,-

Total pledged assets

1.100.000,-

Equity/assets ratio

24,-

Acid-test ratio

114,-

Return on assets

9,-

Average interest on debt

-2,-

Cash flow as percentage of total liabilities

15,-

Debt/equity ratio

304,-

Current ratio

150,-

Return on equity

28,-

Self-financing rate

546,-

Interest coverage ratio

4,-

Inventory turnover rate (times/year)

8,-

Risk buffer

6,-

Labour costs as percentage of turnover

-12,-

Capital turnover rate (times/year)

1,-

Working capital as percentage of turnover

17,-

Accounts receivable as percentage of turnover

24,-

Inventory as percentage of turnover

12,-

Current liabilities as percentage of turnover

34,-

Credit period granted

63,-

Turnover per employee in SEK thousands

2.925.000,-

Cash flow as percentage of financial expenses

554,-

Solvency margin

24,-

Structure of financial fixed assets

7,-

Intangible fixed assets structure

88,-

Tangible fixed assets structure

4,-

Credit period received

60,-

Gross margin

7,-

Operating margin

4,-

Net margin

4,-

 

Corporate profit and loss account for the year: 01 January 2007 - 31 December 2007  in  SEK 

 

Main revenue (sales/turnover)

60.091.000,-

Total operating income/revenue

64.091.000,-

Cost of materials (type of expenditure format)

-47.491.000,-

Total operating expenses

-60.778.000,-

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

12.600.000,-

Depreciations

-1.812.000,-

Operating profit or loss

3.313.000,-

Receivables from affiliates and companies in which participations are held

872.000,-

Financial income

1.040.000,-

Financial expenses

-2.565.000,-

Result of ordinary operations

1.788.000,-

Pre-tax and pre-appropriation profit or loss

1.788.000,-

Appropriations

-745.000,-

Taxes

-858.000,-

Net profit or loss

184.000,-

 

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

Main revenue (sales/turnover)

56.589.000,-

Total operating income/revenue

56.589.000,-

Cost of materials (type of expenditure format)

-40.440.000,-

Total operating expenses

-53.952.000,-

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

16.149.000,-

Depreciations

-1.796.000,-

Operating profit or loss

2.637.000,-

Financial income

101.000,-

Financial expenses

-288.000,-

Result of ordinary operations

2.451.000,-

Pre-tax and pre-appropriation profit or loss

2.451.000,-

Net profit or loss

2.451.000,-

 

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

 

Main revenue (sales/turnover)

49.733.000,-

Total operating income/revenue

49.733.000,-

Cost of materials (type of expenditure format)

-36.894.000,-

Total operating expenses

-47.472.000,-

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

12.839.000,-

Depreciations

-1.637.000,-

Operating profit or loss

2.261.000,-

Financial income

925.000,-

Financial expenses

-737.000,-

Result of ordinary operations

2.449.000,-

Pre-tax and pre-appropriation profit or loss

2.449.000,-

Net profit or loss

2.449.000,-

 

Turnover for the period: 01 January 2007 - 31 December 2007  in  SEK 64.091.000,00

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

 

Turnover for the period: 01 January 2006 - 31 December 2006  in  SEK 56.589.000,00

 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 49.733.000,00

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

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.43.23

UK Pound

1

Rs.80.89

Euro

1

Rs.63.80

 

 

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