MIRA INFORM REPORT

 

 

Report Date :

19.02.2008

 

IDENTIFICATION DETAILS

 

Name :

ELTRACO AB

 

 

Registered Office :

Kopparbergsgatan 4 21444 Malm!o

 

 

Country :

Sweden

 

 

Financials (as on) :

30.04.2006

 

 

Date of Incorporation :

07.04.1995

 

 

Com. Reg. No.:

5565047064

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Trade in Equipment for Electronic Manufacturing Companies

 

 

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

 

Maximum Credit Limit :

SEK 150000

 

 

Status :

Satisfactory

 

 

Payment Behaviour :

No Complaints

 

 

Litigation :

Clear

 

 

 

name & address

 

ELTRACO AB

 KOPPARBERGSGATAN 4

 21444 MALM!O SE

Tel. Number +46-40-6727270

 

 

 

Business registered

07 April 1995 - Private limited company (no information regarding quotation)

Registration number,

5565047064,

Tax number :,

SE556504706401,

Legal form

Private limited company (no information regarding quotation)

Activities

Trade in equipment for electronic manufacturing companies.

Credit opinion

Credit opinion

 

Maximum credit limit 150000 SEK is advised

Employees (Business)

 5

Total share capital

SEK 100000

Board members

MAURI OLAVI SEPP!ELA   Board member

 

PETER MAX   Board member

 

MIKAEL MERLIN THOMSEN   Board member

Auditor

BENGT H!AKAN RYLANDER   Auditor

Management

OLE THERS   Managing director

Parent company :

5566533179   ELTRACO HOLDING AB   100 %   

 

 

 

 

The business have taken out debentures and /or debenture mortgages?  Yes (mortgages/Debentures) 00 March 2004

all debentures and debenture mortgages taken out.  1800000 

 

Corporate balance sheet for the year: 01 May 2005 - 30 April 2006  in  SEK 

Plant, machinery and equipment

7.000,-

Total tangible fixed assets

7.000,-

Loans, shares and participations

227.000,-

Total financial fixed assets

1.953.000,-

Total fixed assets

1.960.000,-

Inventories and work in progress (incl. prepayments)

1.047.000,-

Accounts receivable (trade)

895.000,-

Cash in hand and at bank

432.000,-

Total Current assets

2.556.000,-

Total assets incl. prepaid expenses and accrued income

4.516.000,-

Issued (subscribed) capital

100.000,-

Statutory reserves

20.000,-

Profit or loss carried forward

127.000,-

Profit or loss for the financial year

1.428.000,-

Total equity (Shareholders' funds)

849.000,-

Long-term liabilities to credit institutions

1.360.000,-

Bank overdraft granted of which bank overdraft utilized

1.000.000,-

Total long-term liabilities

1.360.000,-

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

670.000,-

Total current liabilities

2.306.000,-

Total liabilities

3.666.000,-

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

4.516.000,-

Number of employees

5,-

Salaries board/Managing Director

452.000,-

Salaries to others

1.207.000,-

Total salaries

1.659.000,-

Total salaries and remunerations

1.659.000,-

Social security expenses

689.000,-

Dividend

200.000,-

Depreciation

4.000,-

Bank overdraft granted

1.000.000,-

Floating charges

1.800.000,-

Total pledged assets

1.800.000,-

Equity/assets ratio

18,-

Acid-test ratio

65,-

Return on assets

34,-

Average interest on debt

-3,-

Cash flow as percentage of total liabilities

39,-

Debt/equity ratio

432,-

Current ratio

110,-

Return on equity

168,-

Interest coverage ratio

12,-

Inventory turnover rate (times/year)

13,-

Risk buffer

31,-

Labour costs as percentage of turnover

-11,-

Capital turnover rate (times/year)

3,-

Working capital as percentage of turnover

1,-

Accounts receivable as percentage of turnover

6,-

Inventory as percentage of turnover

7,-

Current liabilities as percentage of turnover

16,-

Credit period granted

21,-

Turnover per employee in SEK thousands

2.872.000,-

Cash flow as percentage of financial expenses

1.101,-

Solvency margin

18,-

Structure of financial fixed assets

99,-

Credit period received

15,-

Gross margin

8,-

Operating margin

8,-

Net margin

9,-

 

Corporate balance sheet for the year: 01 May 2004 - 30 April 2005  in  SEK 

Plant, machinery and equipment

247.000,-

Total tangible fixed assets

247.000,-

Loans, shares and participations

227.000,-

Total financial fixed assets

1.954.000,-

Total fixed assets

2.201.000,-

Inventories and work in progress (incl. prepayments)

1.041.000,-

Accounts receivable (trade)

1.529.000,-

Cash in hand and at bank

1.207.000,-

Total Current assets

3.887.000,-

Total assets incl. prepaid expenses and accrued income

6.089.000,-

Issued (subscribed) capital

100.000,-

Statutory reserves

20.000,-

Profit or loss carried forward

380.000,-

Profit or loss for the financial year

-604.000,-

Total equity (Shareholders' funds)

247.000,-

Long-term liabilities to credit institutions

1.800.000,-

Bank overdraft granted of which bank overdraft utilized

1.000.000,-

Total long-term liabilities

1.800.000,-

Current accounts payable (trade)

1.792.000,-

Total current liabilities

4.041.000,-

Total liabilities

5.841.000,-

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

6.089.000,-

Number of employees

4,-

Salaries board/Managing Director

339.000,-

Salaries to others

999.000,-

Total salaries

1.338.000,-

Total salaries and remunerations

1.338.000,-

Social security expenses

593.000,-

Depreciation

69.000,-

Bank overdraft granted

1.000.000,-

Floating charges

1.800.000,-

Total pledged assets

1.800.000,-

Equity/assets ratio

4,-

Acid-test ratio

70,-

Return on assets

-9,-

Average interest on debt

-2,-

Cash flow as percentage of total liabilities

-10,-

Debt/equity ratio

2.365,-

Current ratio

96,-

Return on equity

-283,-

Self-financing rate

-32,-

Interest coverage ratio

-4,-

Inventory turnover rate (times/year)

13,-

Risk buffer

-11,-

Labour costs as percentage of turnover

-9,-

Capital turnover rate (times/year)

2,-

Working capital as percentage of turnover

-1,-

Accounts receivable as percentage of turnover

10,-

Inventory as percentage of turnover

7,-

Current liabilities as percentage of turnover

28,-

Credit period granted

27,-

Turnover per employee in SEK thousands

3.606.000,-

Cash flow as percentage of financial expenses

-492,-

Solvency margin

4,-

Structure of financial fixed assets

88,-

Tangible fixed assets structure

11,-

Credit period received

23,-

Gross margin

-3,-

Operating margin

-3,-

Net margin

-4,-

 

Corporate balance sheet for the year: 01 May 2003 - 30 April 2004  in  SEK 

Plant, machinery and equipment

21.000,-

Total tangible fixed assets

21.000,-

Total financial fixed assets

231.000,-

Total fixed assets

252.000,-

Inventories and work in progress (incl. prepayments)

1.717.000,-

Accounts receivable (trade)

1.648.000,-

Cash in hand and at bank

483.000,-

Total Current assets

3.992.000,-

Total assets incl. prepaid expenses and accrued income

4.244.000,-

Issued (subscribed) capital

100.000,-

Statutory reserves

20.000,-

Profit or loss carried forward

374.000,-

Profit or loss for the financial year

6.000,-

Total equity (Shareholders' funds)

500.000,-

Long-term liabilities to credit institutions

1.800.000,-

Bank overdraft granted of which bank overdraft utilized

1.000.000,-

Total long-term liabilities

1.800.000,-

Current accounts payable (trade)

968.000,-

Total current liabilities

1.848.000,-

Total liabilities

3.648.000,-

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

4.244.000,-

Number of employees

3,-

Salaries board/Managing Director

469.000,-

Salaries to others

424.000,-

Total salaries

893.000,-

Total salaries and remunerations

893.000,-

Social security expenses

340.000,-

Depreciation

16.000,-

Bank overdraft granted

1.000.000,-

Floating charges

1.800.000,-

Total pledged assets

1.800.000,-

Equity/assets ratio

13,-

Acid-test ratio

123,-

Return on assets

3,-

Average interest on debt

-3,-

Debt/equity ratio

648,-

Current ratio

216,-

Self-financing rate

3,-

Inventory turnover rate (times/year)

4,-

Labour costs as percentage of turnover

-12,-

Capital turnover rate (times/year)

1,-

Working capital as percentage of turnover

30,-

Accounts receivable as percentage of turnover

23,-

Inventory as percentage of turnover

24,-

Current liabilities as percentage of turnover

26,-

Credit period granted

36,-

Turnover per employee in SEK thousands

2.322.000,-

Cash flow as percentage of financial expenses

5,-

Solvency margin

14,-

Structure of financial fixed assets

91,-

Tangible fixed assets structure

8,-

Credit period received

23,-

 

Corporate profit and loss account for the year: 01 May 2005 - 30 April 2006  in  SEK 

Main revenue (sales/turnover)

14.283.000,-

Total operating income/revenue

14.361.000,-

Cost of materials (type of expenditure format)

-8.679.000,-

Inventories and work in progress (incl. prepayments)

-8.679.000,-

Personnel costs

-2.482.000,-

Depreciation

-4.000,-

Total operating expenses

-13.173.000,-

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

5.604.000,-

Operating profit or loss

1.187.000,-

Receivables from affiliates and companies in which participations are held

372.000,-

Financial income

372.000,-

Financial expenses

-130.000,-

Result of ordinary operations

1.429.000,-

Pre-tax and pre-appropriation profit or loss

1.429.000,-

Taxes

-1.000,-

Net profit or loss

1.428.000,-

 

Corporate profit and loss account for the year: 01 May 2004 - 30 April 2005  in  SEK 

Main revenue (sales/turnover)

14.420.000,-

Total operating income/revenue

14.427.000,-

Cost of materials (type of expenditure format)

-10.124.000,-

Personnel costs

-2.035.000,-

Depreciation

-69.000,-

Total operating expenses

-14.998.000,-

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

4.296.000,-

Operating profit or loss

-572.000,-

Financial expenses

-128.000,-

Result of ordinary operations

-700.000,-

Pre-tax and pre-appropriation profit or loss

-700.000,-

Appropriations

96.000,-

Net profit or loss

-604.000,-

 

Corporate profit and loss account for the year: 01 May 2003 - 30 April 2004  in  SEK 

Main revenue (sales/turnover)

6.966.000,-

Total operating income/revenue

6.966.000,-

Cost of materials (type of expenditure format)

-4.284.000,-

Personnel costs

-1.329.000,-

Depreciation

-16.000,-

Total operating expenses

-6.915.000,-

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

2.682.000,-

Operating profit or loss

51.000,-

Financial income

82.000,-

Financial expenses

-136.000,-

Result of ordinary operations

-4.000,-

Pre-tax and pre-appropriation profit or loss

-4.000,-

Appropriations

13.000,-

Taxes

-4.000,-

Net profit or loss

6.000,-

 

Turnover for the period: 01 May 2005 - 30 April 2006  in  SEK 14.361.000,00

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

 

Turnover for the period: 01 May 2004 - 30 April 2005  in  SEK 14.427.000,00

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

 

Turnover for the period: 01 May 2003 - 30 April 2004  in  SEK 6.966.000,00

 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