MIRA
INFORM REPORT
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Report Date : |
13.02.2008 |
IDENTIFICATION
DETAILS
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Name : |
STIBO A/S |
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Registered Office : |
AXEL KIERS VEJ 11, HØJBJERG |
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Country : |
Denmark |
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Financials (as on) : |
30.04.2007 |
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Date of Incorporation : |
1794 |
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Com. Reg. No.: |
41915811 A/S |
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Legal Form : |
Limited Company |
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Line of Business : |
Computer Programming Activities |
RATING &
COMMENTS
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MIRA’s Rating : |
A |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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 |
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Maximum Credit Limit : |
DK 10.000.000 |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
Company ID
Main name STIBO A/S
Main address AXEL KIERS VEJ 11
City 8270 HØJBJERG
Country Denmark
Phone-no. +45-89-398888
Fax-no. +45-89-398800
Nat. partner ID-no. 594319
ID-/Reg.-no. 41915811 A/S
Legal form Limited company
Company Status Active
Activity
Activity 62.01 Computer programming activities
18.12 Other printing
73.12 Media representation
No of employees empl 650
Management Information
Management HANS OLESEN DAMGAARD (Managing director)
VILHELM HVID
Board of directors KELD TOFT LAURITSEN (Chairman of the
board)
FINN JUNGE ANDERSEN (Member of
the board)
JOHN IBSEN KJELDSEN (Member of
the board)
CARL ERIK SKOVGAARD SØRENSEN (Member
of the board)
TORBEN BJERRE-MADSEN (Member of
the board)
PER HYTTEL LARSEN (Member of the
board)
CLAUS NØRGAARD HANSEN (Member of
the board)
JAN SCHOU JENSEN (Member of the
board)
Historical Data
Established 1794
Registered 1996-09-06
Credit Facilities
Bankers DANSKE BANK REGION JYLLAND ØST ÅBOULEVARDEN 69 8100
- ÅRHUS C
Financial data
Currency Danish Kroner
Closing date
2007-04-30 2006-04-30 2005-04-30
Source Ann.
report Ann. report Ann. report
Turnover
793.476.000
758.805.000 778.125.000
Costs
826.414.000
792.874.000 824.680.000
Ordinary result
-9.080.000 2.553.000 -33.867.000
Tax
-7.494.000 -785.000 -11.249.000
Annual result -1.586.000 3.338.000 -22.618.000
<* Assets *>
Fixed assets
445.068.000
458.298.000 469.676.000
Current assets
290.299.000
317.727.000 278.393.000
<* Liabilities *>
Equity capital
128.565.000
132.653.000 138.036.000
Share capital
75.000.000 75.000.000 75.000.000
Long-term debts 64.625.000
Short-term debts 587.236.000 623.102.000 515.902.000
<* Company Ratios *>
Gearing I
-185,54 -191,34 -175,05
Acid test ratio I
49,43 50,99 53,96
Acid test ratio II 45,42 48,47 50,03
Return on investment
-4,48 -4,39 -6,22
Return on equity
-7,06 1,92 -24,53
Solvency ratio
17,48 17,09 18,45
Property
Property Yes
Property ass. value 186.273.000
(Annual report)
Mortgaging I No
Corporate Structure
Parent company STIBO HOLDING A/S (ID:594211) (100%)
Subsidiaries CCI EUROPE SRL (100%)
STIBO
CATALOG LTD (100%)
CCI EUROPE GMBH (100%)
CCI FRANCE SARL (100%)
STIBO CATALOG GMBH (100%)
STIBO CATALOG INC - GROUP (100%)
STIBO
CATALOG PTE LTD (100%)
Associated business PORTOGRUPPEN APS (ID:1342686) (25%)
Secondary names(s) AARHUUS
STIFTSBOGTRYKKERIE, AKTIESELSKAB
AAS GRAFIK A/S
AAS HASSELAGER TRYK A/S
BOGBINDERIET
TITAN A/S
CCI EUROPE A/S
Payment profile
Payment profile Payment
regular
Credit Summary
Risk class Low
Credit limit Estimated
10.000.000
RATING
EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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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%)