|
Report Date : |
11.02.2013 |
IDENTIFICATION DETAILS
|
Name : |
FOSS ANALYTICAL AB |
|
|
|
|
Registered Office : |
Box 70, 26321 Höganäs |
|
|
|
|
Country : |
Sweden |
|
|
|
|
Financials (as on) : |
2011 |
|
|
|
|
Date of Incorporation : |
15.09.1966 |
|
|
|
|
Com. Reg. No.: |
5561056564 |
|
|
|
|
Legal Form : |
Limited liability company |
|
|
|
|
Line of Business : |
Manufacture of instruments and appliances for measuring, testing and
navigation |
|
|
|
|
No. of Employees : |
182 |
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 : |
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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
Sweden |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
sweden - ECONOMIC OVERVIEW
Aided by peace and neutrality for the whole of the 20th century, Sweden
has achieved an enviable standard of living under a mixed system of high-tech capitalism
and extensive welfare benefits. It has a modern distribution system, excellent
internal and external communications, and a highly skilled labor force. In
September 2003, Swedish voters turned down entry into the euro system concerned
about the impact on the economy and sovereignty. Timber, hydropower, and iron
ore constitute the resource base of an economy heavily oriented toward foreign
trade. Privately owned firms account for vast majority of industrial output, of
which the engineering sector accounts for about 50% of output and exports.
Agriculture accounts for little more than 1% of GDP and of employment. Until
2008, Sweden was in the midst of a sustained economic upswing, boosted by
increased domestic demand and strong exports. This and robust finances offered
the center-right government considerable scope to implement its reform program
aimed at increasing employment, reducing welfare dependence, and streamlining
the state's role in the economy. Despite strong finances and underlying fundamentals,
the Swedish economy slid into recession in the third quarter of 2008 and growth
continued downward in 2009 as deteriorating global conditions reduced export
demand and consumption. Strong exports of commodities and a return to
profitability by Sweden''s banking sector drove the strong rebound in 2010,
which continued in 2011, and the government is proposing stimulus measures in
the 2012 budget to curb the effects of a global economic slowdown and boost
employment and growth.
|
Source : CIA |
Company Summary
|
Business Name |
FOSS ANALYTICAL AB |
|
Country |
SWEDEN |
|
Company Registration Number |
5561056564 |
|
Main Activity |
Manufacture of instruments and appliances for measuring, testing and
navigation |
|
Activity Code |
26510 |
|
Company Status |
Active |
|
Latest Turnover Figure |
625.857.000 SEK |
|
Latest Shareholder Equity Figure |
167.495.000 SEK |
|
Basic
Information |
|
|
Business Name |
Foss Analytical AB |
|
Registered Company Name |
Foss Analytical AB |
|
Company Registration Number |
5561056564 |
|
Country |
SWEDEN |
|
VAT Registration Number |
SE556105656401 |
|
Date of Company Registration |
15/09/1966 |
|
Legal Form |
Limited liability company |
|
Company Status |
Active |
|
Currency of this Report |
SEK |
|
Principal Activity Description |
The company will develop, manufacture and sell analysis systems and laboratory equipment and to conduct related activities. |
|
Contact Address |
26321 HÖGANÄS |
|
Contact Telephone Number |
042-361500 |
|
Activities |
|
|
Activity Code |
Activity Description |
|
26510 |
Manufacture of instruments and appliances for measuring, testing and
navigation |
|
46691 |
Wholesale of measuring and precision instruments |
|
Current Directors |
|||
|
Name |
Appointment Date |
Position |
|
|
Jensen, Torben Ladegaard |
19/12/2003 |
Actual Member of Board |
|
|
Hansen, Kim Vejlby |
15/01/2007 |
Foreign Resident in the EEA |
|
|
Hoveroust, Sören |
12/10/2009 |
Actual Member of Board |
|
|
Anders Henrik Mikael Düring |
12/05/2012 |
Actual Member of Board |
|
|
Nils Ronny Pradon |
24/07/2009 |
Actual Member of Board |
|
|
Jakob Martin Peter Källgren |
12/05/2011 |
Substitute |
|
|
Jan Gunnar Svensson |
09/05/2008 |
Substitute |
|
|
Previous
Directors |
|||
|
Name |
Appointment Date |
Position |
Resignation Date |
|
Elgaard, Jan |
15/01/2007 |
Actual Member of Board |
12/05/2012 |
|
Bo Allan Håkansson |
21/04/2007 |
Actual Member of Board |
12/05/2012 |
|
Foss, Peter |
19/06/1997 |
Actual Member of Board |
12/05/2011 |
|
Jan Åke Bertil Persson |
23/06/2005 |
Substitute |
12/05/2011 |
|
Okholm, Helle |
15/01/2007 |
Actual Member of Board |
12/10/2009 |
|
Eva Britt-Marie Bogren |
23/06/2005 |
Actual Member of Board |
13/02/2009 |
|
Anders Fredrik Williamsson |
07/01/1998 |
Actual Member of Board |
09/05/2008 |
|
Anna Katarina Lind |
23/06/2005 |
Substitute |
09/05/2008 |
|
Debt balance at the Swedish Enforcement Agency |
|
|
Number of Private Claims |
- |
|
Balance of Private Claims |
- |
|
Number of Public Claims |
- |
|
Balance of Public Claims |
- |
|
Total Balance |
- |
|
Record of non-payment |
|
|
Number of distraint attempts and repossessions |
- |
|
Number of public claims |
- |
|
Number of private claims |
- |
|
Number of applications for an order to pay |
- |
|
Number of reclaimed/revoked applications |
- |
|
Issued Share Capital |
3.000.000 SEK |
Na
|
Ultimate Holding
Parent |
|
|
|
Ultimate Holding Company Name |
Foss A/S |
|
|
Ultimate Holding Company Country |
DENMARK |
|
|
Immediate
Holding Parent |
|
|
|
Immediate Holding Company Name |
Foss Holding AB |
|
|
Immediate Holding Company Country |
SWEDEN |
5561602656 |
|
Subsidary
Companies |
||
|
Subsidiary Name |
Country |
Number |
|
Infrasoft International |
UNITED STATES |
US36048054 |
|
Affiliates |
||
|
Affiliate Name |
Country |
Number |
|
FOSS Sverige AB |
SWEDEN |
5561022137 |
|
Profit and Loss |
|||
|
Financial Year |
2011 |
2010 |
2009 |
|
Number of Weeks |
52 |
52 |
52 |
|
Currency |
SEK |
SEK |
SEK |
|
Conslotidated
Accounts |
N |
N |
N |
|
Revenue |
632.648.000 |
615.082.000 |
445.622.000 |
|
Operating Costs |
463.492.000 |
465.248.000 |
316.199.000 |
|
Operating Profit |
169.156.000 |
149.834.000 |
129.423.000 |
|
Wages & Salaries |
-92.437.000 |
-104.106.000 |
-105.460.000 |
|
Depreciation |
-5.910.000 |
-5.436.000 |
-5.270.000 |
|
Financial Income |
530.000 |
169.000 |
82.000 |
|
Financial Expenses |
-577.000 |
-817.000 |
-1.662.000 |
|
Extraordinary Income |
- |
- |
- |
|
Extraordinary Costs |
-577.000 |
-817.000 |
-1.662.000 |
|
Profit before Tax |
169.109.000 |
147.416.000 |
130.377.000 |
|
Tax |
-44.198.000 |
-38.567.000 |
-40.795.000 |
|
Profit after Tax |
169.109.000 |
147.416.000 |
130.377.000 |
|
Minority Interests |
- |
- |
- |
|
Other Appropriations |
94.000 |
-749.000 |
23.449.000 |
|
Retained Profit |
125.005.000 |
108.100.000 |
113.031.000 |
|
Balance Sheet |
|||
|
Financial Year |
2011 |
2010 |
2009 |
|
Number of Weeks |
52 |
52 |
52 |
|
Currency |
SEK |
SEK |
SEK |
|
Consolidated
Accounts |
N |
N |
N |
|
Land & Buildings |
27.605.000 |
29.171.000 |
30.737.000 |
|
Plant & Machinery |
6.878.000 |
8.436.000 |
5.562.000 |
|
Other Tangible Assets |
2.168.000 |
3.032.000 |
4.190.000 |
|
Total Tangible Assets |
36.651.000 |
40.639.000 |
40.489.000 |
|
Goodwill |
0 |
0 |
0 |
|
Other Intangible Assets |
0 |
0 |
0 |
|
Total Intangible Assets |
0 |
0 |
0 |
|
Loans To Group |
0 |
0 |
0 |
|
Other Loans |
0 |
0 |
0 |
|
Miscellaneous Fixed Assets |
3.944.000 |
3.797.000 |
4.633.000 |
|
Total Other Fixed Assets |
3.944.000 |
3.797.000 |
4.633.000 |
|
TOTAL FIXED ASSETS |
40.595.000 |
44.436.000 |
45.122.000 |
|
Work In Progress |
0 |
0 |
0 |
|
Other Inventories |
72.172.000 |
74.200.000 |
69.645.000 |
|
Total Inventories |
72.172.000 |
74.200.000 |
69.645.000 |
|
Trade Receivables |
30.738.000 |
21.342.000 |
23.098.000 |
|
Group Receivables |
67.774.000 |
50.397.000 |
41.468.000 |
|
Miscellaneous Receivables |
5.500.000 |
6.849.000 |
5.785.000 |
|
Total Receivables |
104.012.000 |
78.588.000 |
70.351.000 |
|
Cash |
1.421.000 |
967.000 |
2.963.000 |
|
Other Current Assets |
49.299.000 |
84.008.000 |
58.836.000 |
|
TOTAL CURRENT ASSETS |
226.904.000 |
237.763.000 |
201.795.000 |
|
TOTAL ASSETS |
267.499.000 |
282.199.000 |
246.917.000 |
|
Trade Payables |
12.539.000 |
16.891.000 |
18.817.000 |
|
Bank Liabilities |
19.000 |
0 |
0 |
|
Group Payables |
25.751.000 |
58.887.000 |
19.031.000 |
|
Miscellaneous Liabilities |
53.759.000 |
47.784.000 |
55.370.000 |
|
TOTAL CURRENT LIABILITIES |
92.068.000 |
123.562.000 |
93.218.000 |
|
Bank Liabilities Due After 1 Year |
0 |
0 |
0 |
|
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 |
4.936.000 |
5.147.000 |
5.609.000 |
|
TOTAL LONG TERM LIABILITIES |
7.936.000 |
11.147.000 |
14.609.000 |
|
TOTAL LIABILITIES |
100.004.000 |
134.709.000 |
107.827.000 |
|
Called Up Share Capital |
3.000.000 |
3.000.000 |
3.000.000 |
|
Share Premium |
0 |
0 |
0 |
|
Revenue Reserves |
163.895.000 |
143.890.000 |
136.067.000 |
|
Other Reserves |
600.000 |
600.000 |
23.000 |
|
TOTAL SHAREHOLDERS EQUITY |
167.495.000 |
147.490.000 |
139.090.000 |
|
Other Financials |
|||
|
Contingent Liabilities |
0 |
0 |
0 |
|
Working Capital |
134.836.000 |
114.201.000 |
108.577.000 |
|
Net Worth |
167.495.000 |
147.490.000 |
139.090.000 |
|
Ratios |
|||
|
Pre-Tax Profit Margin |
26.73 % |
23.97 % |
29.26 % |
|
Return On Capital Employed |
47.03 % |
36.33 % |
38.33 % |
|
Return On Total Assets Employed |
63.22 % |
52.24 % |
52.80 % |
|
Return On Net Assets Employed |
100.96 % |
99.95 % |
93.74 % |
|
Sales/Net Working Capital |
4.69 |
5.39 |
4.10 |
|
Stock Turnover Ratio |
11.41 % |
12.06 % |
15.63 % |
|
Debtor Days |
17.73 |
12.66 |
18.92 |
|
Creditor Days |
7.23 |
10.02 |
15.41 |
|
Current Ratio |
2.46 |
1.92 |
2.16 |
|
Liquidity Ratio/Acid Test |
1.68 |
1.32 |
1.42 |
|
Current Debt Ratio |
0.55 |
0.84 |
0.67 |
|
Gearing |
1.80 % |
4.07 % |
6.47 % |
|
Equity In Percentage |
63.55 % |
52.98 % |
57.41 % |
|
Total Debt Ratio |
0.60 |
0.91 |
0.78 |
Na
|
Current Rating Description |
Very good credit worthiness |
|
Current Credit Limit |
50.000.000 SEK |
|
Current Contract Limit |
158.200.000 SEK |
|
Date of Latest Rating Change |
13/06/2011 |
|
Previous Credit Rating |
99 |
|
Previous Rating Description |
Very good credit worthiness |
|
Previous Credit Limit |
10.000.001.000 SEK |
|
Main Address |
||
|
Address |
Country |
Telephone |
|
Box 70, 26321 HÖGANÄS |
SWEDEN |
042-361500 |
|
Other Address |
|
|
Address |
Country |
|
No other addresses for this company. |
|
|
Email Addresses |
|
No information for this company. |
|
Web Pages |
|
www.foss.dk |
|
Employee
Information |
|
|
Year |
Number of Employees |
|
2011 |
182 |
|
2010 |
190 |
|
2009 |
214 |
|
2008 |
235 |
|
2007 |
234 |
|
Advisors |
|
|
Auditor Name |
Öhrlings PricewaterhouseCoopers AB |
|
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 |
26510 |
|
Activity Description |
Manufacture of instruments and appliances for measuring, testing and
navigation |
|
Industry Average Credit Rating |
78 (1 - 100) |
|
Industry Average Credit Limit |
1.208.000 SEK |
|
Event History |
|
|
Event Date |
Event Description |
|
29/05/2012 |
Authorised signatory, changed |
|
29/05/2012 |
Board, changed |
|
29/05/2012 |
Company representatives, changed |
|
22/05/2012 |
Annual account, new |
|
15/05/2012 |
Authorised signatory, changed |
|
15/05/2012 |
Board, changed |
|
15/05/2012 |
Company representatives, changed |
|
09/05/2012 |
Annual report (PDF), new |
|
19/05/2011 |
Group annual accout, new |
|
19/05/2011 |
Annual account, new |
|
16/05/2011 |
Annual report (PDF), new |
|
13/05/2011 |
Company representatives, changed |
|
13/05/2011 |
Authorised signatory, changed |
|
13/05/2011 |
Board, changed |
|
30/06/2010 |
Annual account, new |
|
23/06/2010 |
Annual report (PDF), new |
|
22/10/2009 |
Board, changed |
|
22/10/2009 |
Company representatives, changed |
|
13/10/2009 |
Authorised signatory, changed |
|
13/10/2009 |
Company representatives, changed |
|
13/10/2009 |
Board, changed |
|
27/07/2009 |
Authorised signatory, changed |
|
27/07/2009 |
Board, changed |
|
27/07/2009 |
Company representatives, changed |
|
12/06/2009 |
Annual account, new |
|
01/06/2009 |
Annual report (PDF), new |
|
24/02/2009 |
Authorised signatory, changed |
|
24/02/2009 |
Board, changed |
|
24/02/2009 |
Company representatives, changed |
|
16/02/2009 |
Authorised signatory, changed |
|
16/02/2009 |
Company representatives, changed |
|
16/02/2009 |
Board, changed |
|
30/07/2008 |
Annual account, new |
|
17/07/2008 |
Annual report (PDF), new |
|
12/05/2008 |
Company representatives, changed |
|
12/05/2008 |
Authorised signatory, changed |
|
12/05/2008 |
Board, changed |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.57 |
|
|
1 |
Rs.84.25 |
|
Euro |
1 |
Rs.71.78 |
INFORMATION DETAILS
|
Report Prepared
by : |
SDA |
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.