MIRA INFORM REPORT

 

 

Report Date :

18.05.2012

 

IDENTIFICATION DETAILS

 

Name :

MEGGER SWEDEN AB

 

 

Registered Office :

Eldarvagen 4, Taby, 18729

 

 

Country :

Sweden

 

 

Financials (as on) :

30.11.2010

 

 

Year of Establishment :

1977

 

 

Com. Reg. No.:

5561951368

 

 

Legal Form :

Private Subsidiary Company

 

 

Line of Business :

manufacturing instruments for measuring and testing the characteristics of electricity and electrical signals

 

 

No. of Employees :

93

 

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

 

 

Status :

Satisfactory

 

 

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

A2

A2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 

 

Company name & address 

 

Megger Sweden AB

Eldarvagen 4

Taby, 18729

Sweden

Tel:       +46 8 510 195 00

Fax:      +46 8 510 195 95

 

 

Synthesis  

 

Employees:                   93

Company Type:            Private Subsidiary

Corporate Family:          2 Companies

Ultimate Parent:            AVO Ltd

Incorporation Date:         1977   

Financials in:                 USD (Millions)

Fiscal Year End:            30-Nov-2010

Reporting Currency:       Swedish Krona

Annual Sales:               30.6

Net Income:                  1.9

Total Assets:                18.0

 

 

Business Description     

 

Megger Sweden AB is primarily engaged in manufacturing instruments for measuring and testing the characteristics of electricity and electrical signals. Examples of products made by these establishments are circuit and continuity testers, volt meters, ohm meters, wattmeters, multimeters, and semiconductor test equipment.

 

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:     334515 - Instrument Manufacturing for Measuring and Testing 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

US SIC 1987:    3825 - Instruments for Measuring and Testing of Electricity and Electrical Signals

 

           


Key Executives   

 

Name

Title

Stina Flogell

verkst dir, ledamot och ordförande

Alan Richard Hardie

ledamot

Leif Rikard Jonsson

ledamot

 

Registered No.(SWE):                5561951368

 

1 - Profit & Loss Item Exchange Rate: USD 1 = SEK 7.231097

2 - Balance Sheet Item Exchange Rate: USD 1 = SEK 7.0326

 

 

Corporate Overview

 

Location

Eldarvagen 4

Taby, 18729

Sweden

Tel:       +46 8 510 195 00

Fax:      +46 8 510 195 95

           

Sales SEK(mil):             221.4

Assets SEK(mil):           126.5

Employees:                   93

Fiscal Year End:            30-Nov-2010

Industry:                        Scientific and Technical Instruments

Incorporation Date:         1977

Company Type:             Private Subsidiary

Quoted Status:              Not Quoted

Registered No.(SWE):    5561951368

 

verkst dir, ledamot och ordforande:          Stina Flogell

 

Contents

Industry Codes

Business Description

Financial Data

 

Industry Codes

 

ANZSIC 2006 Codes:

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

 

NAICS 2002 Codes:

334514  -          Totalizing Fluid Meter and Counting Device Manufacturing

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

 

US SIC 1987:

3824     -          Totalizing Fluid Meters and Counting Devices

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

 

Business Description

Megger Sweden AB is primarily engaged in manufacturing instruments for measuring and testing the characteristics of electricity and electrical signals. Examples of products made by these establishments are circuit and continuity testers, volt meters, ohm meters, wattmeters, multimeters, and semiconductor test equipment.

 

Financial Data

Financials in:

SEK(mil)

 

Revenue:

221.4

Net Income:

13.5

Assets:

126.5

Total Liabilities:

86.8

 

 

 

Date of Financial Data:

30-Nov-2010

 

1 Year Growth

NA

NA

NA

 

 

 

 

Corporate Family

Corporate Structure News:

 

Megger Sweden AB

Megger Sweden AB 
Total Corporate Family Members: 2 

 

 

 

 

Company Name

Company Type

Location

Country

Industry

Sales
(USD mil)

Employees

 

AVO Ltd

Parent

 

 

 

 

 

 

Megger Sweden AB

Subsidiary

Täby, Stockholm

Sweden

Scientific and Technical Instruments

30.6

93

 

 

 

Executive report

 

Board of Directors

 

Name

Title

Function

 

Stina Flogell

 

verkst dir, ledamot och ordförande

Director/Board Member

 

Alan Richard Hardie

 

ledamot

Director/Board Member

 

Leif Rikard Jonsson

 

ledamot

Director/Board Member

 

 

Executives

 

Name

Title

Function

 

Stina Flogell

 

verkst dir, ledamot och ordförande

Managing Director

 

 

 

Annual Profit & Loss

 

 

 

30-Nov-2010

30-Nov-2009

30-Nov-2008

Period Length

12 Months

12 Months

12 Months

Filed Currency

SEK

SEK

SEK

Exchange Rate (Period Average)

7.231097

7.719835

6.468331

Consolidated

No

No

No

 

 

 

 

Total Revenue

30.6

28.6

26.2

Gross Profit

3.7

3.1

1.9

Net Financial Items

0.2

0.0

0.5

Operating Income

2.2

2.6

1.7

Income Before Tax

2.9

2.1

2.2

Net Income

1.9

1.4

1.6

 

 

Annual Balance Sheet

 

Financials in: USD (mil)

 

 

 

30-Nov-2010

30-Nov-2009

30-Nov-2008

Filed Currency

SEK

SEK

SEK

Exchange Rate

7.0326

6.9892

8.0991

Consolidated

No

No

No

 

 

 

 

Total Assets

18.0

17.6

16.0

Provisions

-

0.5

-

Total Liabilities

12.3

9.0

10.2

Total Equity

5.6

8.0

5.8

 

 

Annual Ratios

 

 

 

 

30-Nov-2010

30-Nov-2009

30-Nov-2008

Period Length

12 Months

12 Months

12 Months

Filed Currency

-

-

-

Exchange Rate

-

-

-

Consolidated

No

No

No

 

 

 

 

Operating Margin

8.01

9.01

8.31

Current Ratio

251.98

217.01

86.23

Total debt/total equity

31.38

47.80

36.37

Return on average equity

44.35

33.12

29.91

 

 

Annual Growth Rates

 

 

 

30-Nov-2009

30-Nov-2008

Period Length

12 Months

12 Months

Filed Currency

-

-

Exchange Rate

-

-

Consolidated

No

No

 

 

 

Turnover Percent Change

0.36%

29.98%

Marginal Contribution Percent Change

10.96%

98.93%

Net Financial Items Percent Change

541.32%

-111.25%

Operating Results Percent Change

-19.24%

82.73%

Profit/Loss Before Tax Percent Change

32.48%

13.27%

Profit/Loss for the Year Percent Change

26.12%

2.58%

Assets Percent Change

2.96%

-5.01%

Provisions Percent Change

-100.00%

-

Debts Percent Change

37.46%

-23.27%

Equity Capital Percent Change

-29.37%

19.46%

Operating Margin Percent Change

-11.10%

8.42%

Current Ratio Percent Change

16.11%

151.66%

Debt/Equity Ratio Percent Change

-34.35%

31.43%

Retun On Equity Percent Change

33.91%

10.73%

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.54.29

UK Pound

1

Rs.86.61

Euro

1

Rs.68.87

 

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.