MIRA INFORM REPORT

 

 

Report Date :

06.06.2008

 

IDENTIFICATION DETAILS

 

Name :

ACCON AB

 

 

Registered Office :

Fanérvägen 1,  384 30  Blomstermåla

 

 

Country :

Sweden

 

 

Financials (as on) :

31.12.2006

 

 

Date of Incorporation :

15.08. 2000

 

 

Com. Reg. No.:

5565945838

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Specialized in Packaging.

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Unfavourable & favourable factors carry similar weight in credit consideration. Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Moderate

 

 

Payment Behaviour :

Unknown

 

 

Litigation :

Clear

 

 

 

 

 

 

 

name & address

 

ACCON AB

 Fanérvägen 1,  384 30  Blomstermåla

 Tel. Number

+46-499-20000

 

 

 

Business registered

15 August 2000 - Private limited company (no information regarding quotation)

Registration number,

5565945838,

Tax number :,

SE556594583801,

Legal form

Private limited company (no information regarding quotation)

Activities

No Match!

Employees (Business)

 3

Total share capital

SEK 250000

Board members

MORDECHAI RABIN   Board member

 

NILS THOMAS LANDQVIST   Deputy board member

 

KARI NYHUS   Deputy board member

Auditor

ANDERS BERGMAN   Auditor

Management

MICAEL RAHM   Managing director

 

 

 

 

 

 

The business have taken out debentures and /or debenture mortgages?  Yes (mortgages/Debentures) 00 July 2002

all debentures and debenture mortgages taken out.  600000 

 

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

Plant, machinery and equipment

42.000,-

Total tangible fixed assets

42.000,-

Total fixed assets

42.000,-

Inventories and work in progress (incl. prepayments)

1.035.000,-

Accounts receivable (trade)

1.184.000,-

Cash in hand and at bank

124.000,-

Total Current assets

2.564.000,-

Total assets incl. prepaid expenses and accrued income

2.606.000,-

Issued (subscribed) capital

250.000,-

Statutory reserves

20.000,-

Profit or loss carried forward

-524.000,-

Profit or loss for the financial year

272.000,-

Total equity (Shareholders' funds)

18.000,-

Long-term liabilities to credit institutions

796.000,-

Bank overdraft granted of which bank overdraft utilized

796.000,-

Total long-term liabilities

925.000,-

Current accounts payable (trade)

1.357.000,-

Total current liabilities

1.663.000,-

Total liabilities

2.588.000,-

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

2.606.000,-

Number of employees

3,-

Salaries board/Managing Director

483.000,-

Salaries to others

430.000,-

Total salaries

913.000,-

Total salaries and remunerations

913.000,-

Social security expenses

326.000,-

Depreciation

18.000,-

Bank overdraft granted

1.525.000,-

Floating charges

600.000,-

Other pledges

80.000,-

Total pledged assets

680.000,-

Acid-test ratio

91,-

Return on assets

12,-

Average interest on debt

-2,-

Cash flow as percentage of total liabilities

11,-

Debt/equity ratio

14.378,-

Current ratio

154,-

Return on equity

1.511,-

Interest coverage ratio

5,-

Inventory turnover rate (times/year)

13,-

Risk buffer

10,-

Labour costs as percentage of turnover

-6,-

Capital turnover rate (times/year)

5,-

Working capital as percentage of turnover

6,-

Accounts receivable as percentage of turnover

8,-

Inventory as percentage of turnover

7,-

Current liabilities as percentage of turnover

12,-

Credit period granted

28,-

Turnover per employee in SEK thousands

4.507.000,-

Cash flow as percentage of financial expenses

460,-

Tangible fixed assets structure

100,-

Credit period received

26,-

Gross margin

2,-

Operating margin

2,-

Net margin

2,-

 

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

Plant, machinery and equipment

55.000,-

Total tangible fixed assets

55.000,-

Total fixed assets

55.000,-

Inventories and work in progress (incl. prepayments)

816.000,-

Accounts receivable (trade)

1.913.000,-

Cash in hand and at bank

11.000,-

Total Current assets

2.872.000,-

Total assets incl. prepaid expenses and accrued income

2.927.000,-

Issued (subscribed) capital

250.000,-

Statutory reserves

20.000,-

Profit or loss carried forward

138.000,-

Profit or loss for the financial year

-662.000,-

Total equity (Shareholders' funds)

-254.000,-

Long-term liabilities to credit institutions

387.000,-

Bank overdraft granted of which bank overdraft utilized

387.000,-

Total long-term liabilities

876.000,-

Current accounts payable (trade)

1.503.000,-

Total current liabilities

2.305.000,-

Total liabilities

3.181.000,-

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

2.927.000,-

Number of employees

3,-

Salaries board/Managing Director

448.000,-

Salaries to others

560.000,-

Total salaries

1.008.000,-

Total salaries and remunerations

1.008.000,-

Social security expenses

359.000,-

Depreciation

20.000,-

Bank overdraft granted

525.000,-

Floating charges

600.000,-

Total pledged assets

600.000,-

Equity/assets ratio

-8,-

Acid-test ratio

89,-

Return on assets

-23,-

Average interest on debt

-1,-

Cash flow as percentage of total liabilities

-22,-

Debt/equity ratio

-1.252,-

Current ratio

124,-

Return on equity

-285,-

Interest coverage ratio

-19,-

Inventory turnover rate (times/year)

12,-

Risk buffer

-24,-

Labour costs as percentage of turnover

-10,-

Capital turnover rate (times/year)

3,-

Working capital as percentage of turnover

5,-

Accounts receivable as percentage of turnover

19,-

Inventory as percentage of turnover

8,-

Current liabilities as percentage of turnover

23,-

Credit period granted

34,-

Turnover per employee in SEK thousands

3.263.000,-

Cash flow as percentage of financial expenses

-1.955,-

Solvency margin

-8,-

Tangible fixed assets structure

100,-

Credit period received

29,-

Gross margin

-6,-

Operating margin

-7,-

Net margin

-7,-

 

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

Plant, machinery and equipment

57.000,-

Total tangible fixed assets

57.000,-

Total fixed assets

57.000,-

Inventories and work in progress (incl. prepayments)

1.183.000,-

Accounts receivable (trade)

767.000,-

Cash in hand and at bank

4.000,-

Total Current assets

2.087.000,-

Total assets incl. prepaid expenses and accrued income

2.143.000,-

Issued (subscribed) capital

100.000,-

Statutory reserves

20.000,-

Profit or loss carried forward

253.000,-

Profit or loss for the financial year

35.000,-

Total equity (Shareholders' funds)

408.000,-

Long-term liabilities to credit institutions

243.000,-

Bank overdraft granted of which bank overdraft utilized

243.000,-

Total long-term liabilities

462.000,-

Current liabilities to credit institutions

9.000,-

Current accounts payable (trade)

770.000,-

Total current liabilities

1.211.000,-

Total liabilities

1.673.000,-

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

2.143.000,-

Number of employees

2,-

Salaries board/Managing Director

446.000,-

Salaries to others

275.000,-

Total salaries

721.000,-

Total salaries and remunerations

721.000,-

Social security expenses

243.000,-

Depreciation

13.000,-

Bank overdraft granted

325.000,-

Floating charges

600.000,-

Total pledged assets

600.000,-

Equity/assets ratio

21,-

Acid-test ratio

74,-

Return on assets

6,-

Average interest on debt

-1,-

Cash flow as percentage of total liabilities

5,-

Debt/equity ratio

375,-

Current ratio

172,-

Return on equity

22,-

Self-financing rate

395,-

Interest coverage ratio

4,-

Inventory turnover rate (times/year)

6,-

Risk buffer

4,-

Labour costs as percentage of turnover

-8,-

Capital turnover rate (times/year)

3,-

Working capital as percentage of turnover

10,-

Accounts receivable as percentage of turnover

9,-

Inventory as percentage of turnover

14,-

Current liabilities as percentage of turnover

14,-

Credit period granted

28,-

Turnover per employee in SEK thousands

4.065.000,-

Cash flow as percentage of financial expenses

263,-

Solvency margin

21,-

Tangible fixed assets structure

100,-

Credit period received

26,-

Gross margin

1,-

Operating margin

1,-

Net margin

1,-

 

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

Main revenue (sales/turnover)

13.519.000,-

Total operating income/revenue

13.521.000,-

Cost of materials (type of expenditure format)

-10.731.000,-

Inventories and work in progress (incl. prepayments)

-10.731.000,-

Personnel costs

-1.252.000,-

Depreciation

-18.000,-

Total operating expenses

-13.186.000,-

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

2.788.000,-

Operating profit or loss

335.000,-

Financial expenses

-63.000,-

Result of ordinary operations

272.000,-

Pre-tax and pre-appropriation profit or loss

272.000,-

Net profit or loss

272.000,-

 

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

Main revenue (sales/turnover)

9.735.000,-

Total operating income/revenue

9.790.000,-

Cost of materials (type of expenditure format)

-7.640.000,-

Inventories and work in progress (incl. prepayments)

-7.640.000,-

Personnel costs

-1.378.000,-

Depreciation

-20.000,-

Total operating expenses

-10.477.000,-

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

2.095.000,-

Operating profit or loss

-688.000,-

Financial expenses

-36.000,-

Result of ordinary operations

-724.000,-

Pre-tax and pre-appropriation profit or loss

-724.000,-

Appropriations

62.000,-

Net profit or loss

-662.000,-

 

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

Main revenue (sales/turnover)

8.021.000,-

Total operating income/revenue

8.130.000,-

Cost of materials (type of expenditure format)

-5.934.000,-

Inventories and work in progress (incl. prepayments)

-5.934.000,-

Personnel costs

-975.000,-

Depreciation

-13.000,-

Total operating expenses

-8.001.000,-

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

2.087.000,-

Operating profit or loss

128.000,-

Financial income

7.000,-

Financial expenses

-33.000,-

Result of ordinary operations

101.000,-

Pre-tax and pre-appropriation profit or loss

101.000,-

Appropriations

-38.000,-

Taxes

-27.000,-

Net profit or loss

35.000,-

 

Turnover for the period: 01 January 2006 - 31 December 2006  in  SEK 13.521.000,00

 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 9.790.000,00

 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 8.130.000,00

 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