MIRA INFORM REPORT
|
Report Date : |
14.11.2013 |
IDENTIFICATION DETAILS
|
Name : |
OPSIS AB |
|
|
|
|
Registered Office : |
Skytteskogsvagen 16 ,Furulund,
24402 |
|
|
|
|
Country : |
Sweden |
|
|
|
|
Financials (as on) : |
30.04.2012 |
|
|
|
|
Year of Establishment : |
1969 |
|
|
|
|
Com. Reg. No.: |
5561240598 |
|
|
|
|
Legal Form : |
Private Subsidiary |
|
|
|
|
Line of Business : |
Subject 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. |
|
|
|
|
No. of Employees : |
62 |
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 : |
Slow but correct |
|
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,
2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
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 the contraction continued 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, but growth slipped
to 1.2% in 2012. The government proposed stimulus measures in 2012 to curb the
effects of a global economic slowdown and boost employment and growth.
|
Source : CIA |
COMPANY NAME &
ADDRESS
OPSIS
AB
Skytteskogsvagen 16
Furulund, 24402
Sweden
Tel: +46 46 72 25 00
Fax: +46 46 72 25 01
Website: www.opsis.se
SYNTHESIS
Employees: 62
Company Type: Private
Subsidiary
Corporate Family: 2 Companies
Ultimate Parent: Opsis
Holding AB
Incorporation Date: 1969
Financials in: USD
(mil)
Fiscal Year End: 30-Apr-2012
Reporting Currency: Swedish
Krona
Annual Sales: 15.4
Net Income: 0.5
Total Assets: 16.1
Business Description
Opsis 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 Electromedical and Control Instruments Manufacturing
ANZSIC 2006: 2419 - Other Professional and Scientific Equipment
Manufacturing
ISIC Rev 4: 2651 - Manufacture of measuring, testing, navigating and
control equipment
NACE Rev 2: 2651 - Manufacture of instruments and appliances for
measuring, testing and navigation
NAICS 2012: 334516 - Analytical Laboratory Instrument Manufacturing
UK SIC 2007: 2651 - Manufacture of instruments and appliances for
measuring, testing and navigation
US SIC 1987: 3826 - Laboratory Analytical Instruments
Key Executives
|
|||||||||||||||||||||
|
|
|||||||||||||||||||||
|
News
|
|
|
|
||||||||||||||||||
|
||||||||||||||
|
|
Registered No.(SWE):5561240598
1 -
Profit & Loss Item Exchange Rate: USD 1 = SEK 6.601162
2 - Balance Sheet Item Exchange Rate:
USD 1 = SEK 6.71595
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|
CORPORATE FAMILY |
CORPORATE
STRUCTURE NEWS: |
|
|
|
|
Opsis AB |
|
|
|
|
|
|
|
|
Company Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
|
|
Opsis Holding AB |
Parent |
|
|
|
|
|
|
|
Subsidiary |
Furulund, Skane |
Sweden |
Electromedical and Control Instruments Manufacturing |
15.4 |
62 |
|
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Annual Profit & Loss
|
|
30-Apr-2012 |
30-Apr-2011 |
30-Apr-2010 |
|
Period
Length |
12
Months |
12
Months |
12
Months |
|
Filed
Currency |
SEK |
SEK |
SEK |
|
Exchange
Rate (Period Average) |
6.601162 |
6.951211 |
7.267825 |
|
Consolidated |
Yes |
Yes |
Yes |
|
|
|
|
|
|
Total Revenue |
16.1 |
14.6 |
15.2 |
|
Gross Profit |
1.1 |
1.2 |
1.5 |
|
Net Financial Items |
-0.2 |
-0.2 |
-0.2 |
|
Operating Income |
0.9 |
1.0 |
1.3 |
|
Income Before Tax |
0.7 |
0.8 |
1.1 |
|
Net Income |
0.5 |
0.5 |
0.8 |
Annual Balance Sheet
Financials in: USD (mil)
|
|
30-Apr-2012 |
30-Apr-2011 |
30-Apr-2010 |
|
Filed
Currency |
SEK |
SEK |
SEK |
|
Exchange
Rate |
6.71595 |
6.0274 |
7.2486 |
|
Consolidated |
Yes |
Yes |
Yes |
|
|
|
|
|
|
Total Assets |
16.1 |
18.0 |
12.4 |
|
Total Liabilities |
7.7 |
8.8 |
4.9 |
|
Total Equity |
7.8 |
8.5 |
6.9 |
Annual Ratios
|
|
30-Apr-2012 |
30-Apr-2011 |
30-Apr-2010 |
|
Period
Length |
12
Months |
12
Months |
12
Months |
|
Filed
Currency |
- |
- |
- |
|
Exchange
Rate |
- |
- |
- |
|
Consolidated |
Yes |
Yes |
Yes |
|
|
|
|
|
|
Operating Margin |
5.59 |
6.52 |
8.29 |
|
Current Ratio |
230.54 |
234.22 |
328.08 |
|
Total debt/total equity |
48.53 |
47.16 |
55.54 |
|
Return on average equity |
8.80 |
10.49 |
15.54 |
Annual Growth Rates
|
|
30-Apr-2011 |
30-Apr-2010 |
|
Period
Length |
12
Months |
12
Months |
|
Filed
Currency |
- |
- |
|
Exchange
Rate |
- |
- |
|
Consolidated |
Yes |
Yes |
|
|
|
|
|
Turnover Percent Change |
4.77% |
-7.93% |
|
Marginal Contribution Percent Change |
-11.99% |
-27.17% |
|
Net Financial Items Percent Change |
13.25% |
11.27% |
|
Operating Results Percent Change |
-13.93% |
-27.59% |
|
Profit/Loss Before Tax Percent Change |
-14.09% |
-30.59% |
|
Profit/Loss for the Year Percent Change |
-14.67% |
-35.83% |
|
Assets Percent Change |
-0.50% |
21.14% |
|
Debts Percent Change |
-3.21% |
48.18% |
|
Equity Capital Percent Change |
2.38% |
2.87% |
|
Operating Margin Percent Change |
-14.26% |
-21.35% |
|
Current Ratio Percent Change |
-1.57% |
-28.61% |
|
Debt/Equity Ratio Percent Change |
2.91% |
-15.09% |
|
Retun On Equity Percent Change |
-16.11% |
-32.50% |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian
Rupees |
|
US Dollar |
1 |
Rs.63.65 |
|
UK Pound |
1 |
Rs.101.16 |
|
Euro |
1 |
Rs.85.55 |
INFORMATION DETAILS
|
Report
Prepared by : |
NLM |
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%)