|
Report No. : |
316280 |
|
Report Date : |
11.04.2015 |
IDENTIFICATION DETAILS
|
Name : |
LUNA VERKTYG & MASKIN AB |
|
|
|
|
Registered Office : |
44180 Alingsås |
|
|
|
|
Country : |
Sweden |
|
|
|
|
Financials (as on) : |
2014 |
|
|
|
|
Date of Incorporation : |
12.04.1967 |
|
|
|
|
Com. Reg. No.: |
5561094821 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
The object of its primary activities itself or through wholly
or partially owned subsidiary trading with tools and machines and manage
properties, and conduct related business. |
|
|
|
|
No. of Employees : |
49 [2014] |
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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
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 a rebound in 2010, but
growth slipped in 2013, as a result of continued economic weakness in the EU -
Sweden’s main export market.
|
Source
: CIA |
Company
Summary
|
|
|
Business Name |
LUNA VERKTYG & MASKIN AB |
|
Country |
SWEDEN |
|
Company Registration Number |
5561094821 |
|
Activity Code |
46741 |
|
Activity Description |
Wholesale of hardware |
|
Company Status |
Active (Active) |
|
Latest Turnover Figure |
779.391.000 SEK |
|
Latest Shareholder Equity Figure |
101.052.000 SEK |
|
|
|
Basic
Information
|
|
|
Business Name |
Luna Verktyg & Maskin AB |
|
Registered Company Name |
Luna Verktyg & Maskin AB |
|
Company Registration Number |
5561094821 |
|
Country |
SWEDEN |
|
VAT Registration Number |
SE556109482101 |
|
Date of Company Registration |
12/04/1967 |
|
Legal Form |
Limited liability company |
|
Company Status |
Active (Active) |
|
Currency of this Report |
SEK |
|
Principal Activity Code |
No code |
|
Principal Activity Description |
The object of its primary activities itself or through wholly
or partially owned subsidiary trading with tools and machines and manage
properties, and conduct related business. |
|
Contact Address |
44180 Alingsås |
|
Contact Telephone Number |
0322-606000 |
Main
Address
|
||
|
Address |
Country |
Telephone |
|
44180 ALINGSÅS |
SWEDEN |
0322-606000 |
|
Address |
Country |
|
No other
addresses for this company |
|
|
|
|
Activities
|
|
|
Activity Code |
Activity Description |
|
46741 |
Wholesale of
hardware |
|
46620 |
Wholesale of machine
tools |
|
46699 |
Wholesale of
other machinery and equipment n.e.c. |
luna@luna.se
www.luna.se
|
Year |
Number of Employees |
|
2014 |
49 |
|
2013 |
44 |
|
2012 |
41 |
|
2011 |
55 |
|
2010 |
42 |
|
|
|
Advisors
|
|
|
Auditor Name |
KPMG 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 |
46741 |
|
|
Activity Description |
Wholesale of
hardware |
|
|
Industry Average Credit Rating |
77 (1 - 100) |
|
|
Industry Average Credit Limit |
1.010.000 |
|
|
|
|
|
Event
History
|
|
|
|
Event Date |
Event Description |
|
|
02/04/2015 |
Company mortgage,
changed |
|
|
Event Date |
Event
Description |
|
26/02/2015 |
Authorised signatories amended or new/amended vacancy text |
|
26/02/2015 |
Company representatives, changed |
|
25/02/2015 |
Authorised signatories amended or new/amended vacancy text |
|
25/02/2015 |
Company representatives, changed |
|
11/11/2014 |
Group Structure Change |
|
10/11/2014 |
Group Structure Change |
|
05/11/2014 |
Group Structure Change |
|
30/10/2014 |
Group Structure Change |
|
29/10/2014 |
Group Structure Change |
|
27/10/2014 |
Group Structure Change |
|
25/10/2014 |
Authorised signatories amended or new/amended vacancy text |
|
25/10/2014 |
Company representatives, changed |
|
22/10/2014 |
Group Structure Change |
|
14/10/2014 |
Group Structure Change |
|
09/10/2014 |
Group Structure Change |
|
08/10/2014 |
Group Structure Change |
|
07/10/2014 |
Annual account, new |
|
07/10/2014 |
Group annual accout, new |
|
07/10/2014 |
Group Structure Change |
|
06/10/2014 |
Group Structure Change |
|
03/10/2014 |
Group Structure Change |
|
30/09/2014 |
Annual report (PDF), new |
|
23/09/2014 |
Group Structure Change |
|
28/07/2014 |
Group Structure Change |
|
26/05/2014 |
Group Structure Change |
|
21/02/2014 |
Group Structure Change |
|
25/11/2013 |
Group Structure Change |
|
06/11/2013 |
Group Structure Change |
|
04/11/2013 |
Group Structure Change |
|
31/10/2013 |
Group Structure Change |
|
23/10/2013 |
Group Structure Change |
|
17/10/2013 |
Group Structure Change |
|
16/10/2013 |
Group annual accout, new |
|
16/10/2013 |
Annual account, new |
|
16/10/2013 |
Group Structure Change |
|
11/10/2013 |
Annual report (PDF), new |
|
11/10/2013 |
Group Structure Change |
|
10/10/2013 |
Group Structure Change |
|
09/10/2013 |
Group Structure Change |
|
08/10/2013 |
Group Structure Change |
|
07/10/2013 |
Group Structure Change |
|
04/10/2013 |
Group Structure Change |
|
30/09/2013 |
Group Structure Change |
|
16/09/2013 |
Group Structure Change |
|
Event Date |
Event Description |
|
26/08/2013 |
Group Structure
Change |
|
29/07/2013 |
Group Structure
Change |
|
23/05/2013 |
Group Structure
Change |
|
11/01/2013 |
Authorised signatories
amended or new/amended vacancy text |
|
11/01/2013 |
Company
representatives, changed |
|
21/11/2012 |
Annual report
(PDF), new |
|
07/11/2012 |
Group annual
accout, new |
|
07/11/2012 |
Annual account,
new |
|
19/10/2012 |
Annual report
(PDF), new |
|
19/06/2012 |
Status, changed |
|
19/06/2012 |
Merge
information, changed |
|
25/04/2012 |
Merge
information, changed |
|
14/02/2012 |
Status, changed |
|
14/02/2012 |
Merge
information, changed |
|
22/11/2011 |
Board, changed |
|
22/11/2011 |
Company representatives,
changed |
|
22/11/2011 |
Authorised
signatories amended or new/amended vacancy text |
|
02/11/2011 |
Authorised
signatories amended or new/amended vacancy text |
|
02/11/2011 |
Company
representatives, changed |
|
02/11/2011 |
Board, changed |
|
25/10/2011 |
Annual account,
new |
|
25/10/2011 |
Group annual
accout, new |
|
06/10/2011 |
Annual report
(PDF), new |
|
12/07/2011 |
Company
representatives, changed |
|
12/07/2011 |
Board, changed |
|
12/07/2011 |
Authorised signatories
amended or new/amended vacancy text |
|
29/03/2011 |
Fax number, new |
|
16/02/2011 |
Phone number,
changed |
|
04/10/2010 |
Annual account,
new |
|
24/09/2010 |
Annual report
(PDF), new |
Status
History
|
|
No status history
events for this company |
Profit
and Loss
|
|
|
|
||
|
Financial Year |
2014 |
2013 |
2012 |
||
|
Number of Weeks |
52 |
52 |
52 |
||
|
Currency |
SEK |
SEK |
SEK |
||
|
Consolidated Accounts |
No |
No |
No |
||
|
Revenue |
785.077.000 |
792.440.000 |
817.281.000 |
||
|
Operating Costs |
778.079.000 |
774.160.000 |
798.661.000 |
||
|
Operating Profit |
6.998.000 |
18.280.000 |
18.620.000 |
||
|
Wages & Salaries |
-45.119.000 |
-35.880.000 |
-39.637.000 |
||
|
Depreciation |
-248.000 |
-441.000 |
-533.000 |
||
|
Financial Income |
1.229.000 |
2.347.000 |
1.243.000 |
||
|
Financial Expenses |
-5.767.000 |
-5.663.000 |
-6.509.000 |
||
|
Extraordinary Income |
0 |
0 |
0 |
||
|
Extraordinary Costs |
0 |
0 |
0 |
||
|
Profit before Tax |
37.601.000 |
41.959.000 |
15.937.000 |
||
|
Tax |
-2.430.000 |
-4.456.000 |
-3.499.000 |
||
|
Profit after Tax |
35.171.000 |
37.503.000 |
12.438.000 |
||
|
Minority Interests |
0 |
0 |
0 |
||
|
Other Appropriations |
190.000 |
234.000 |
-200.000 |
||
|
Retained Profit |
35.361.000 |
37.737.000 |
12.238.000 |
||
|
|
|
|
|
||
Balance
Sheet
|
|
|
|
||
|
Financial Year |
2014 |
2013 |
2012 |
||
|
Number of Weeks |
52 |
52 |
52 |
||
|
Currency |
SEK |
SEK |
SEK |
||
|
Consolidated Accounts |
No |
No |
No |
||
|
Land & Buildings |
0 |
0 |
0 |
||
|
Plant & Machinery |
0 |
0 |
0 |
||
|
Other Tangible Assets |
880.000 |
697.000 |
318.000 |
||
|
Total Tangible Assets |
880.000 |
697.000 |
318.000 |
||
|
Goodwill |
0 |
0 |
0 |
||
|
Other Intangible Assets |
0 |
163.000 |
521.000 |
||
|
Total Intangible Assets |
0 |
163.000 |
521.000 |
||
|
Loans To Group |
55.706.000 |
55.706.000 |
52.453.000 |
||
|
Other Loans |
0 |
0 |
0 |
||
|
Miscellaneous Fixed Assets |
15.106.000 |
15.101.000 |
6.168.000 |
||
|
Total Other Fixed Assets |
70.812.000 |
70.807.000 |
58.621.000 |
||
|
TOTAL FIXED ASSETS |
71.692.000 |
71.667.000 |
59.460.000 |
||
|
Work In Progress |
0 |
0 |
0 |
||
|
Other Inventories |
168.422.000 |
157.007.000 |
192.278.000 |
||
|
Total Inventories |
168.422.000 |
157.007.000 |
192.278.000 |
||
|
Trade Receivables |
1.084.000 |
3.442.000 |
2.034.000 |
||
|
Group Receivables |
114.042.000 |
145.202.000 |
79.828.000 |
||
|
Miscellaneous Receivables |
14.463.000 |
17.414.000 |
11.201.000 |
||
|
Total Receivables |
129.589.000 |
166.058.000 |
93.063.000 |
||
|
Cash |
849.000 |
2.383.000 |
318.000 |
||
|
Other Current Assets |
0 |
0 |
0 |
||
|
TOTAL CURRENT ASSETS |
298.860.000 |
325.448.000 |
285.659.000 |
||
|
TOTAL ASSETS |
370.552.000 |
397.115.000 |
345.119.000 |
||
|
Trade Payables |
95.940.000 |
105.108.000 |
91.293.000 |
||
|
Bank Liabilities |
0 |
0 |
0 |
||
|
Group Payables |
31.680.000 |
40.317.000 |
47.100.000 |
||
|
Miscellaneous Liabilities |
14.962.000 |
16.337.000 |
19.009.000 |
||
|
TOTAL CURRENT LIABILITIES |
142.582.000 |
161.762.000 |
157.402.000 |
||
|
Bank Liabilities Due After 1 Year |
0 |
0 |
183.000 |
||
|
Other Loans Or Finance Due After 1 Year |
0 |
0 |
0 |
|
|
|
Group Payables Due After 1 Year |
0 |
0 |
0 |
|
|
|
Miscellaneous Liabilities Due After 1 Year |
126.918.000 |
130.725.000 |
134.223.000 |
|
|
|
TOTAL LONG TERM LIABILITIES |
126.918.000 |
130.725.000 |
134.406.000 |
|
|
|
TOTAL LIABILITIES |
269.500.000 |
292.487.000 |
291.808.000 |
|
|
|
Called Up Share Capital |
20.000.000 |
20.000.000 |
20.000.000 |
|
|
|
Share Premium |
0 |
0 |
0 |
|
|
|
Revenue Reserves |
73.027.000 |
85.340.000 |
32.180.000 |
|
|
|
Other Reserves |
8.025.000 |
-712.000 |
1.131.000 |
|
|
|
TOTAL SHAREHOLDERS EQUITY |
101.052.000 |
104.628.000 |
53.311.000 |
|
|
|
|
|
|
|
|
|
Other
Financials
|
|
||||
|
Contingent Liabilities |
5.387.000 |
3.417.000 |
3.506.000 |
|
|
|
Working Capital |
156.278.000 |
163.686.000 |
128.257.000 |
|
|
|
Net Worth |
101.052.000 |
104.465.000 |
52.790.000 |
|
|
|
|
|
|
|
|
|
Ratios
|
|
|
|
|
|
|
Pre-Tax Profit Margin |
4.79 % |
5.29 % |
1.95 % |
|
|
|
Return On Capital Employed |
7.33 % |
7.51 % |
3.17 % |
|
|
|
Return On Total Assets Employed |
10.15 % |
10.57 % |
4.62 % |
|
|
|
Return On Net Assets Employed |
37.21 % |
40.10 % |
29.89 % |
|
|
|
Sales/Net Working Capital |
5.02 |
4.84 |
6.37 |
|
|
|
Stock Turnover Ratio |
21.45 % |
19.81 % |
23.53 % |
|
|
|
Debtor Days |
0.50 |
1.59 |
0.91 |
|
|
|
Creditor Days |
44.60 |
48.41 |
40.77 |
|
|
|
Current Ratio |
2.10 |
2.01 |
1.81 |
|
|
|
Liquidity Ratio/Acid Test |
0.91 |
1.04 |
0.59 |
|
|
|
Current Debt Ratio |
1.41 |
1.55 |
2.95 |
|
|
|
Gearing |
0 |
0 |
0.34 % |
|
|
|
Equity In Percentage |
33.71 % |
32.08 % |
18.64 % |
|
|
|
Total Debt Ratio |
2.67 |
2.80 |
5.47 |
|
|
Share
Capital Structure
|
|
|
Issued Share Capital |
20.000.000 SEK |
|
|
|
Shareholders
|
|
|
No shareholders data for this company. |
|
Current
Directors
|
|||
|
Name |
Appointment Date |
Position |
|
|
Ulf Christian Lilius |
10/01/2013 |
Actual Member of Board |
|
|
Ulf Lennart Carlsson |
24/02/2015 |
Actual Member of Board |
|
|
Eva Cecilia Hemb |
10/01/2013 |
Actual Member of Board |
|
|
|
|
|
|
Previous
Directors
|
|||
|
Name |
Appointment Date |
Position |
Resignation Date |
|
Karl Jerry Höglund |
24/10/2014 |
Actual Member of Board |
24/02/2015 |
|
Olof Stefan Lind |
19/11/2011 |
Managing Director |
24/10/2014 |
|
Hans Ulrik Mattias Kylner |
19/11/2011 |
Actual Member of Board |
10/01/2013 |
|
Jörgen Ingvar Trouvé Raa |
19/11/2011 |
Chairman of Board |
10/01/2013 |
|
Stefan Lotzman |
18/03/2004 |
Actual Member of Board |
19/11/2011 |
|
Ulf Lennart Carlsson |
18/03/2004 |
Chairman of Board |
11/07/2011 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.36 |
|
|
1 |
Rs.91.60 |
|
Euro |
1 |
Rs.66.49 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
TPT |
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.