MIRA INFORM REPORT

 

 

Report Date :

22.06.2012

 

IDENTIFICATION DETAILS

 

Name :

ABEM INSTRUMENT AB  

 

 

Registered Office :

Loftroms Alle 1, Sundbyberg, 17266

 

 

Country :

Sweden

 

 

Financials (as on) :

31.12.2010

 

 

Year of Establishment :

1990

 

 

Com. Reg. No.:

5564127719

 

 

Legal Form :

Private Subsidiary Company

 

 

Line of Business :

manufacturing instruments and instrumentation systems for laboratory analysis of the chemical or physical composition or concentration of samples of solid, fluid, gaseous, or composite material.

 

 

No. of Employees :

16

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

 

Status :

Moderate

Payment Behaviour :

No Complaints

Litigation :

Clear

 

 

NOTES:

Any query related to this report can be made on e-mail: infodept@mirainform.com while quoting report number, name and date.

 

ECGC Country Risk Classification List – March 31st, 2012

 

Country Name

Previous Rating

(31.12.2011)

Current Rating

(31.03.2012)

Sweden

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 

Company name & address 

 

ABEM INSTRUMENT AB 

Loftroms Alle 1

Sundbyberg, 17266

Sweden

Tel:       +46 8 564 883 00

 

 

Synthesis  

 

Employees:                  16

Company Type:            Private Subsidiary

Corporate Family:          2 Companies

Ultimate Parent:             CodeRight AB

Incorporation Date:         1990   

Financials in:                 USD (Millions)

Fiscal Year End:            31-Dec-2010

Reporting Currency:       Swedish Krona

Annual Sales:               5.3

Net Income:                  0.3

Total Assets:                2.7

 

 

Business Description     

 

ABEM INSTRUMENT AB is primarily engaged in manufacturing instruments and instrumentation systems for laboratory analysis of the chemical or physical composition or concentration of samples of solid, fluid, gaseous, or composite material.

 

Industry             

Industry            Scientific and Technical Instruments

ANZSIC 2006:    2419 - Other Professional and Scientific Equipment Manufacturing

NACE 2002:      3320 - Manufacture of instruments and appliances for measuring, checking, testing, navigating and other purposes, except industrial process control equipment

NAICS 2002:     334516 - Analytical Laboratory Instrument Manufacturing

UK SIC 2003:    3320 - Manufacture of instruments and appliances for measuring, checking, testing, navigating and other purposes, except industrial process control equipment

US SIC 1987:    3826 - Laboratory Analytical Instruments

 

           


Key Executives   

 

Name

Title

Source

Nils Olof Moberg

verkst dir

Kompass

Borje Torsten Borjemalm

ledamot

Kompass

Nils Olle Grinder

ledamot

Kompass

Kjell-Ole Husby

ledamot och ordforande

Kompass

Carl Niclas Ingemarsson

ledamot

Kompass

 

 

Registered No.(SWE):                5564127719

 

1 - Profit & Loss Item Exchange Rate: USD 1 = SEK 7.206564

2 - Balance Sheet Item Exchange Rate: USD 1 = SEK 6.72285

 

 

Corporate Overview

 

Location

Loftroms Alle 1

Sundbyberg, 17266

Sweden

Tel:                   +46 8 564 883 00

           

Sales SEK(mil):             38.5

Assets SEK(mil):           18.1

Employees:                   16

Fiscal Year End:            31-Dec-2010

Industry:                        Scientific and Technical Instruments

Incorporation Date:         1990

Company Type:             Private Subsidiary

Quoted Status:              Not Quoted

Registered No.(SWE):    5564127719

verkst dir:                      Nils Olof Moberg

 

Contents

Industry Codes

Business Description

Financial Data

 

Industry Codes

 

ANZSIC 2006 Codes:

2411     -          Photographic, Optical and Ophthalmic Equipment Manufacturing

2419     -          Other Professional and Scientific Equipment Manufacturing

 

NACE 2002 Codes:

3320     -          Manufacture of instruments and appliances for measuring, checking, testing, navigating and other purposes, except industrial process control equipment

3340     -          Manufacture of optical instruments and photographic equipment

 

NAICS 2002 Codes:

334515  -          Instrument Manufacturing for Measuring and Testing Electricity and Electrical Signals

333314  -          Optical Instrument and Lens Manufacturing

334514  -          Totalizing Fluid Meter and Counting Device Manufacturing

334516  -          Analytical Laboratory Instrument Manufacturing

334511  -          Search, Detection, Navigation, Guidance, Aeronautical, and Nautical System and Instrument Manufacturing

 

US SIC 1987:

3824     -          Totalizing Fluid Meters and Counting Devices

3826     -          Laboratory Analytical Instruments

3827     -          Optical Instruments and Lenses

3812     -          Search, Detection, Navigation, Guidance, Aeronautical, and Nautical Systems and Instruments

3825     -          Instruments for Measuring and Testing of Electricity and Electrical Signals

 

UK SIC 2003:

3320     -          Manufacture of instruments and appliances for measuring, checking, testing, navigating and other purposes, except industrial process control equipment

33402   -          Manufacture of optical precision instruments

 

Business Description

ABEM INSTRUMENT AB is primarily engaged in manufacturing instruments and instrumentation systems for laboratory analysis of the chemical or physical composition or concentration of samples of solid, fluid, gaseous, or composite material.

 

Financial Data

Financials in:

SEK(mil)

 

Revenue:

38.5

Net Income:

2.0

Assets:

18.1

Total Liabilities:

9.8

 

 

 

Date of Financial Data:

31-Dec-2010

 

1 Year Growth

NA

NA

NA

 

 

 

Corporate Family

Corporate Structure News:

 

ABEM INSTRUMENT AB

ABEM INSTRUMENT AB 
Total Corporate Family Members: 2 

 

 

 

 

Company Name

Company Type

Location

Country

Industry

Sales
(USD mil)

Employees

 

CodeRight AB

Parent

 

 

 

 

 

 

ABEM INSTRUMENT AB

Subsidiary

Sundbyberg, Stockholm

Sweden

Scientific and Technical Instruments

5.3

16

 

 

 

 

Executive report

 

Board of Directors

 

Name

Title

Function

 

Borje Torsten Borjemalm

 

ledamot

Director/Board Member

 

Nils Olle Grinder

 

ledamot

Director/Board Member

 

Kjell-Ole Husby

 

ledamot och ordförande

Director/Board Member

 

Carl Niclas Ingemarsson

 

ledamot

Director/Board Member

 

John Erik Lindgren

 

ledamot

Director/Board Member

 

 

Executives

 

Name

Title

Function

 

 

Nils Olof Moberg

 

verkst dir

Managing Director

 

 

 

Annual Profit & Loss

 

 

 

31-Dec-2010

31-Dec-2009

31-Dec-2008

Period Length

12 Months

12 Months

12 Months

Filed Currency

SEK

SEK

SEK

Exchange Rate (Period Average)

7.206564

7.645194

6.599156

Consolidated

No

No

No

 

 

 

 

Total Revenue

5.4

3.6

4.0

Gross Profit

0.7

0.1

0.0

Net Financial Items

0.0

0.0

0.0

Operating Income

0.5

0.1

0.0

Income Before Tax

0.4

0.0

0.0

Net Income

0.3

0.0

0.0

 

 

Annual Balance Sheet

Financials in: USD (mil)

 

 

 

31-Dec-2010

31-Dec-2009

31-Dec-2008

Filed Currency

SEK

SEK

SEK

Exchange Rate

6.72285

7.1401

7.90795

Consolidated

No

No

No

 

 

 

 

Total Assets

2.7

2.4

1.3

Provisions

0.1

-

0.0

Total Liabilities

1.5

1.9

0.8

Total Equity

1.1

0.5

0.4

 

 

Annual Ratios

 

 

 

31-Dec-2010

31-Dec-2009

31-Dec-2008

Period Length

12 Months

12 Months

12 Months

Filed Currency

-

-

-

Exchange Rate

-

-

-

Consolidated

No

No

No

 

 

 

 

Operating Margin

10.18

1.56

0.01

Current Ratio

127.14

99.48

148.41

Total debt/total equity

44.46

20.92

34.39

Return on average equity

44.75

8.82

-1.25

 

 

Annual Growth Rates

 

 

 

 

31-Dec-2009

31-Dec-2008

Period Length

12 Months

12 Months

Filed Currency

-

-

Exchange Rate

-

-

Consolidated

No

No

 

 

 

Turnover Percent Change

42.50%

3.89%

Marginal Contribution Percent Change

576.26%

272.60%

Net Financial Items Percent Change

-232.08%

-241.94%

Operating Results Percent Change

829.81%

3,142.86%

Profit/Loss Before Tax Percent Change

730.03%

362.50%

Profit/Loss for the Year Percent Change

761.70%

571.43%

Assets Percent Change

4.55%

69.47%

Provisions Percent Change

-

-100.00%

Debts Percent Change

-28.29%

104.41%

Equity Capital Percent Change

105.40%

3.36%

Operating Margin Percent Change

552.56%

15,500.00%

Current Ratio Percent Change

27.80%

-32.97%

Debt/Equity Ratio Percent Change

112.52%

-39.17%

Retun On Equity Percent Change

407.37%

805.60%

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.56.42

UK Pound

1

Rs.88.45

Euro

1

Rs.71.52

 

INFORMATION DETAILS

 

Report Prepared by :

MNL

 

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

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

----

NB

New Business

----

 

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

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.