|
Report Date : |
22.06.2012 |
IDENTIFICATION DETAILS
|
Name : |
AURA LIGHT INTERNATIONAL AB |
|
|
|
|
Registered Office : |
|
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
2011 |
|
|
|
|
Date of Incorporation : |
02.08.1994 |
|
|
|
|
Com. Reg. No.: |
5564911088 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
Manufacture of electric lighting equipment |
|
|
|
|
No. of Employees : |
106 |
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 |
|
Max. Credit Limit: |
25.000.000 SEK |
|
Status : |
Good |
|
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 |
|
Business Name |
Aura Light
International AB |
|
Country |
SWEDEN |
|
Company
Registration Number |
5564911088 |
|
Main Activity |
Manufacture of electric
lighting equipment |
|
Activity Code |
27400 |
|
Company Status |
Active |
|
Latest Turnover
Figure |
277.449.000 SEK |
|
Latest
Shareholder Equity Figure |
155.689.000 SEK |
|
Credit Limit |
25.000.000 SEK |
Basic Information
|
Business Name |
Aura Light
International AB |
|
Registered
Company Name |
Aura Light
International AB |
|
Company
Registration Number |
5564911088 |
|
Country |
SWEDEN |
|
VAT
Registration Number |
SE556491108801 |
|
Date of Company
Registration |
02/08/1994 |
|
Legal Form |
Limited
liability company |
|
Company Status |
Active |
|
Currency of
this Report |
SEK |
|
Principal
Activity Description |
Bolaget skall
bedriva tillverkning och fbrsaljning av ljuskalleprodukter och armatur samt bedriva
darmed fbrenlig verksamhet. |
|
Contact Address |
37123
KARLSKRONA |
|
Contact
Telephone Number |
0455-78500 |
|
|
|
|
Activities |
|
|
|
|
|
27400 |
Manufacture of
electric lighting equipment |
|
46434 |
Wholesale of
electrical equipment |
|
Profit and Loss |
|
||
|
Financial Year |
2011 |
2010 |
2009 |
|
Number of Weeks |
52 |
52 |
52 |
|
Currency |
SEK |
SEK |
SEK |
|
Conslotidated
Accounts |
N |
N |
N |
|
Revenue |
299.152.000 |
275.741.000 |
260.427.000 |
|
Operating Costs |
253.698.000 |
232.807.000 |
219.127.000 |
|
Operating
Profit |
45.454.000 |
42.934.000 |
41.300.000 |
|
Wages &
Salaries |
|
|
|
|
Depreciation |
|
|
|
|
|
|
||
|
Financial
Income |
538.000 |
414.000 |
435.000 |
|
Financial
Expenses |
-3.625.000 |
-8.990.000 |
-13.322.000 |
|
Extraordinary
Income |
|
|
|
|
Extraordinary
Costs |
-3.625.000 |
-8.990.000 |
-13.322.000 |
|
Profit before
Tax |
54.344.000 |
45.938.000 |
34.763.000 |
|
Tax |
-10.502.000 |
-6.764.000 |
-5.370.000 |
|
Profit after
Tax |
54.344.000 |
45.938.000 |
34.763.000 |
|
Minority
Interests
|
|
|
|
|
|
|
||
|
Other
Appropriations |
-3.881.000 |
-9.894.000 |
-9.058.000 |
|
Retained Profit |
39.961.000 |
29.279.000 |
20.335.000 |
|
|
|
||
|
Balance Sheet |
|
||
|
Financial Year |
2011 |
2010 |
2009 |
|
Number of Weeks |
52 |
52 |
52 |
|
Currency |
SEK |
SEK |
SEK |
|
Consolidated
Accounts |
N |
N |
N |
|
Land &
Buildings |
0 |
0 |
0 |
|
Plant &
Machinery |
12.456.000 |
14.228.000 |
15.011.000 |
|
Other Tangible
Assets |
11.351.000 |
8.852.000 |
8.101.000 |
|
Total Tangible
Assets |
23.807.000 |
23.080.000 |
23.112.000 |
|
Goodwill |
1.469.000 |
2.174.000 |
2.879.000 |
|
Other
Intangible Assets |
8.228.000 |
7.054.000 |
5.975.000 |
|
Total
Intangible Assets |
9.697.000 |
9.228.000 |
8.854.000 |
|
Loans To Group |
14.082.000 |
14.082.000 |
22.196.000 |
|
Other Loans |
0 |
0 |
0 |
|
Miscellaneous
Fixed Assets |
44.795.000 |
25.708.000 |
12.292.000 |
|
Total Other
Fixed Assets |
58.877.000 |
39.790.000 |
34.488.000 |
|
TOTAL FIXED
ASSETS |
92.381.000 |
72.098.000 |
66.454.000 |
|
Work In
Progress |
0 |
0 |
0 |
|
Other
Inventories |
72.327.000 |
40.350.000 |
31.549.000 |
|
Total
Inventories |
72.327.000 |
40.350.000 |
31.549.000 |
|
Trade
Receivables |
6.325.000 |
4.004.000 |
3.723.000 |
|
Group
Receivables |
170.243.000 |
278.558.000 |
237.127.000 |
|
Miscellaneous
Receivables |
7.457.000 |
6.474.000 |
5.349.000 |
|
Total
Receivables |
184.025.000 |
289.036.000 |
246.199.000 |
|
Cash |
16.141.000 |
24.392.000 |
2.736.000 |
|
Other Current
Assets |
0 |
0 |
0 |
|
TOTAL CURRENT
ASSETS |
272.493.000 |
353.778.000 |
280.484.000 |
|
TOTAL ASSETS |
364.874.000 |
425.876.000 |
346.938.000 |
|
Trade Payables |
65.653.000 |
43.931.000 |
30.246.000 |
|
Bank
Liabilities |
0 |
0 |
233.000 |
|
Group Payables |
18.695.000 |
142.378.000 |
118.993.000 |
|
Miscellaneous
Liabilities |
21.183.000 |
24.972.000 |
19.184.000 |
|
TOTAL CURRENT
LIABILITIES |
105.531.000 |
211.281.000 |
168.656.000 |
|
Bank
Liabilities Due After 1 Year |
22.663.000 |
22.663.000 |
21.077.000 |
|
Other Loans Or
Finance Due After 1 Year |
0 |
0 |
0 |
|
Group Payables After
1 Year |
0 |
0 |
0 |
|
Miscellaneous
Liabilities Due After 1 Year |
56.431.000 |
51.644.000 |
46.196.000 |
|
TOTAL LONG TERM
LIABILITIES |
103.654.000 |
98.867.000 |
91.833.000 |
|
TOTAL LIABILITIES |
209.185.000 |
310.148.000 |
260.489.000 |
|
Called Up Share
Capital |
40.000.000 |
40.000.000 |
40.000.000 |
|
Share Premium |
0 |
0 |
0 |
|
Revenue
Reserves |
110.954.000 |
70.993.000 |
41.714.000 |
|
Other Reserves |
4.735.000 |
4.735.000 |
4.735.000 |
|
TOTAL
SHAREHOLDERS EQUITY |
155.689.000 |
115.728.000 |
86.449.000 |
|
|
|
||
|
Other
Financials |
|
||
|
Contingent
Liabilities |
261.052.000 |
284.028.000 |
298.242.000 |
|
Working Capital |
166.962.000 |
142.497.000 |
111.828.000 |
|
Net Worth |
145.992.000 |
106.500.000 |
77.595.000 |
|
|
|
||
|
Ratios |
|
||
|
Pre-Tax Profit
Margin |
18.17 % |
16.66 % |
13.35 % |
|
Return On
Capital Employed |
11.55 % |
7.21 % |
6.74 % |
|
Return On Total
Assets Employed |
14.89 % |
10.79 % |
10.02 % |
|
Return On Net
Assets Employed |
34.91 % |
39.69 % |
40.21 % |
|
Sales/Net
Working Capital |
1.79 |
1.94 |
2.33 |
|
Stock Turnover
Ratio |
24.18 % |
14.63 % |
12.11 % |
|
Debtor Days |
7.72 |
5.30 |
5.22 |
|
Creditor Days |
80.10 |
58.15 |
42.39 |
|
Current Ratio |
2.58 |
1.67 |
1.66 |
|
Liquidity
Ratio/Acid Test |
1.90 |
1.48 |
1.48 |
|
Current Debt
Ratio |
0.68 |
1.83 |
1.95 |
|
Gearing |
30.33 % |
40.81 % |
53.06 % |
|
Equity In
Percentage |
52.54 % |
30.71 % |
28.48 % |
|
Total Debt
Ratio |
1.34 |
2.68 |
3.01 |
|
Main Address |
|
|
|
Address |
Country |
Telephone |
|
Box 508, 37123
KARLSKRONA |
SWEDEN |
0455-78500 |
Other Address
Address Country
No other addresses for this company.
Email Addresses
No information for this company.
Web Pages
No information for this company.
Share Capital Structure
Issued Share Capital 40.000.000 SEK
|
Current
Directors |
|
||
|
Name |
Appointment
Date |
Position |
|
|
Sven Gunnar Lennart
Sunden |
26/10/2009 |
Actual Member
of Board |
|
|
Holmsen, Cato A |
23/05/2006 |
Actual Member
of Board |
|
|
Nelson, Erik |
16/01/2012 |
Actual Member
of Board |
|
|
Dan Arne
Johnson |
28/08/2007 |
Actual Member
of Board |
|
|
Martin Harry William
Bbrjesson |
19/04/2011 |
Actual Member
of Board |
|
|
Susanne Ohrn |
01/11/2003 |
Employee
Representative |
|
|
Bengt Daniel
Olsson |
29/05/2009 |
Substitute |
|
|
Berit Maggie
Louise Pettersson |
21/12/2006 |
Substitute |
|
|
Lars-Ake Ingvar
Magnusson |
16/01/2012 |
Substitute |
|
|
|
|
||
|
Previous
Directors |
|
||
|
Name |
Appointment
Date |
Position |
Resignation
Date |
|
Etholm, Per |
26/10/2009 |
Actual Member
of Board |
16/01/2012 |
|
Kerstin
Elisabeth Arregren |
13/06/2007 |
Actual Member
of Board |
19/04/2011 |
|
Nielsen, Frode
Strand |
23/05/2006 |
Actual Member
of Board |
08/02/2010 |
|
Klas Peter
Hedlin |
26/10/2009 |
Substitute |
12/11/2009 |
|
Cornelis
Nicolaas Altena |
13/06/2007 |
Actual Member
of Board |
26/10/2009 |
|
Lars Johnny Ekstrbm |
22/06/1995 |
Employee
Representative |
29/05/2009 |
|
Susanne Ohrn |
01/11/2003 |
Substitute |
29/05/2009 |
|
Broe-Andersen,
Thomas |
23/05/2006 |
Actual Member
of Board |
28/08/2007 |
|
Ultimate
Holding Parent |
|
|
Ultimate
Holding Company Name |
Aura Light
Holding AB |
|
Ultimate
Holding Company Country |
SWEDEN |
Immediate Holding Parent
No information
for this company.
|
Subsidary
Companies |
No subsidiary for
this company.
Affiliates
No Affiliates for this company
|
|
||
|
Employee
Information |
||
|
Year |
Number of
Employees |
|
|
2011 |
106 |
|
|
2010 |
|
105 |
|
2009 |
104 |
|
|
2008 |
|
115 |
|
2007 |
106 |
|
|
|
||
|
Advisors |
||
|
Auditor Name |
Ohrlings PricewaterhouseCoopers
AB |
|
|
|
||
|
Additional Information |
||
|
|
||
|
Tax
Registrations |
||
|
Registered for
FTax |
|
Yes |
|
Registered for
VAT |
Yes |
|
|
Registered for
Employee Tax |
|
Yes |
|
|
||
|
Certificates |
||
|
Type |
Category |
Issuer |
|
No certificate
information for this company. |
||
|
|
||
|
Industry
Comparison |
||
|
Activity Code |
|
27400 |
|
Activity
Description |
Manufacture of
electric lighting equipment |
|
|
Industry
Average Credit Rating |
|
74 (1 - 100) |
|
Industry Average
Credit Limit |
676.000 SEK |
|
|
|
||
|
Event History |
||
|
Event Date |
Event
Description |
|
|
08/06/2012 |
Annual account,
new |
|
|
08/06/2012 |
|
Group annual
accout, new |
|
31/05/2012 |
Annual report
(PDF), new |
|
|
30/05/2012 |
|
Status, changed |
|
30/05/2012 |
Merge
information, changed |
|
|
17/01/2012 |
|
Company
representatives, changed |
|
17/01/2012 |
Board, changed |
|
|
17/01/2012 |
|
Authorised
signatory, changed |
|
22/11/2011 |
Board, changed |
|
|
17/06/2011 |
|
Annual account,
new |
|
17/06/2011 |
Group annual
accout, new |
|
|
09/06/2011 |
|
Annual report
(PDF), new |
|
20/04/2011 |
Company
representatives, changed |
|
|
20/04/2011 |
|
Authorised
signatory, changed |
|
20/04/2011 |
Board, changed |
|
|
29/03/2011 |
|
Fax number, new |
|
29/03/2011 |
Phone number,
new |
|
|
15/06/2010 |
|
Annual account,
new |
|
09/06/2010 |
Annual report
(PDF), new |
|
|
09/02/2010 |
|
Company
representatives, changed |
|
09/02/2010 |
Board, changed |
|
|
09/02/2010 |
|
Authorised
signatory, changed |
|
04/12/2009 |
Authorised
signatory, changed |
|
|
04/12/2009 |
|
Board, changed |
|
04/12/2009 |
Company
representatives, changed |
|
|
04/12/2009 |
|
Limit, increase |
|
13/11/2009 |
Board, changed |
|
|
13/11/2009 |
|
Company
representatives, changed |
|
13/11/2009 |
Authorised
signatory, changed |
|
|
13/11/2009 |
Limit, decrease |
|
|
27/10/2009 |
Authorised
signatory, changed |
|
|
27/10/2009 |
Company
representatives, changed |
|
|
27/10/2009 |
Board, changed |
|
|
18/09/2009 |
Annual account,
new |
|
|
15/09/2009 |
Annual report
(PDF), new |
|
|
04/08/2009 |
Annual account,
new |
|
|
22/07/2009 |
Annual report
(PDF), new |
|
|
22/07/2009 |
Authorised
signatory, changed |
|
|
22/07/2009 |
Board, changed |
|
|
22/07/2009 |
Company
representatives, changed |
|
|
01/06/2009 |
Authorised
signatory, changed |
|
|
01/06/2009 |
Company
representatives, changed |
|
|
01/06/2009 |
Board, changed |
|
|
27/06/2008 |
Annual account,
new |
|
|
16/06/2008 |
Annual report
(PDF), new |
|
|
01/04/2008 |
Board, changed |
|
|
01/04/2008 |
Authorised signatory,
changed |
|
|
28/09/2007 |
Company
representatives, changed |
|
|
28/09/2007 |
Board, changed |
|
|
29/08/2007 |
Company
representatives, changed |
|
|
29/08/2007 |
Board, changed |
|
|
29/08/2007 |
Authorised
signatory, changed |
|
Negative Information
Number of
reclaimed/revoked applications 2
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.56.42 |
|
|
1 |
Rs.88.45 |
|
Euro |
1 |
Rs.71.52 |
INFORMATION DETAILS
|
Report Prepared
by : |
PRL |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.