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MIRA INFORM REPORT
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Report No. : |
516405 |
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Report Date : |
22.06.2018 |
IDENTIFICATION DETAILS
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Name : |
OPSIS
AKTIEBOLAG |
|
|
|
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Registered Office : |
Box
244, 244 02 Furulund, Skane |
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|
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Country : |
Sweden |
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Financials (as on) : |
April 2017 |
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Date of Incorporation : |
03.03.1969 |
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Com. Reg. No.: |
5561240598 |
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Legal Form : |
Limited company |
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|
|
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Line of Business : |
Manufacture of instruments
and appliances for measuring, testing and navigation |
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|
|
|
No. of Employees : |
89
[2017] |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
A |
|
Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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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
|
Country Name |
Previous Rating (31.12.2017) |
Current Rating (01.04.2018) |
|
Sweden |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low Risk |
A2 |
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Moderately Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderately High Risk |
C1 |
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High Risk |
C2 |
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Very High Risk |
D |
SWEDEN - ECONOMIC
OVERVIEW
Sweden’s small, open, and competitive economy has been thriving and Sweden has achieved an enviable standard of living with its combination of free-market capitalism and extensive welfare benefits. Sweden remains outside the euro zone largely out of concern that joining the European Economic and Monetary Union would diminish the country’s sovereignty over its welfare system.
Timber, hydropower, and iron ore constitute the resource base of a manufacturing economy that relies heavily on foreign trade. Exports, including engines and other machines, motor vehicles, and telecommunications equipment, account for more than 44% of GDP. Sweden enjoys a current account surplus of about 5% of GDP, which is one of the highest margins in Europe.
GDP grew an estimated 3.3% in 2016 and 2017 driven largely by investment in the construction sector. Economic growth is expected to ease slightly in the coming years as this investment subsides. Global economic growth boosted exports of Swedish manufactures further, helping drive domestic economic growth in 2017. The central bank is keeping an eye on deflationary pressures and is expected to maintain its expansionary monetary policy in 2018. Swedish prices and wages have grown only slightly over the past few years, helping to support the country’s competitiveness.
In the short and medium term Sweden’s economic challenges include keeping rising house prices in check and successfully integrating migrants into the labor market.
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Source
: CIA |
Company
name
Opsis Aktiebolag
Company Summary
|
Business Name |
upsis AKtiebolag |
|
Country |
SWEDEN |
|
Company Registration Number |
5561240598 |
|
Company Status |
Active (Active) |
|
Latest Turnover Figure |
170,005,000 SEK |
|
Latest Shareholder Equity Figure |
64,193,000 SEK |
Basic Information
|
Business Name |
Opsis Aktiebolag |
|
Registered Company Name |
Opsis Aktiebolag |
|
Company Registration Number |
5561240598 |
|
Country |
SWEDEN |
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Date of Company Registration |
03/03/1969 |
|
Legal Form |
Limited company |
|
Company Status |
Active (Active) |
|
Currency of this Report |
SEK |
|
Contact Address |
Box 244, 244 02 FURULUND, SKANE |
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Contact Telephone Number |
046-722500 |
Main Address
|
Address |
Box 244, 244 02 FURULUND, SKANE |
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Country |
SWEDEN |
|
Telephone |
046-722500 |
Email Addresses
Web Pages
Employee Information
|
Year |
Number of Employees |
|
2017 |
89 |
|
2016 |
80 |
|
2015 |
69 |
|
2014 |
68 |
|
2013 |
68 |
Advisors
|
Auditor Name |
Johan Tomas Ahlgren |
Tax Registrations
|
Registered for FTax |
No |
|
Registered for VAT |
No |
|
Registered for Employee Tax |
No |
Certificates
No certificate information for this company
Industry Comparison
|
Activity Code |
26510 |
|
Activity Description |
Manufacture of instruments and appliances for
measuring, testing and navigation |
Event History
|
Event Date |
Event Description |
|
25/08/2017 |
Company representatives, changed |
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25/08/2017 |
Authorised signatories amended or new/amended
vacancy text |
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07/08/2017 |
Group Structure Change |
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01/08/2017 |
Group annual accout, new |
|
01/08/2017 |
Annual account, new |
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01/08/2017 |
Certificate, registered |
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20/07/2017 |
Annual report, new |
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10/07/2017 |
Certificate, deregistered |
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19/01/2017 |
Authorised signatories amended or new/amended
vacancy text |
|
19/01/2017 |
Company representatives, changed |
|
07/09/2016 |
Group Structure Change |
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15/08/2016 |
Group Structure Change |
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04/08/2016 |
Group Structure Change |
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25/07/2016 |
Group annual accout, new |
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25/07/2016 |
Annual account, new |
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18/07/2016 |
Annual report, new |
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15/03/2016 |
Certificate, registered |
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02/02/2016 |
Certificate, deregistered |
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19/10/2015 |
Group Structure Change |
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17/10/2015 |
Company mortgage, new |
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17/10/2015 |
Company mortgage, changed |
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29/09/2015 |
Group Structure Change |
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19/09/2015 |
Company mortgage, changed |
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19/09/2015 |
Company mortgage, new |
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07/08/2015 |
Group Structure Change |
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28/07/2015 |
Annual account, new |
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28/07/2015 |
Group annual accout, new |
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16/07/2015 |
Annual report, new |
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30/09/2014 |
Certificate, registered |
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14/08/2014 |
Group Structure Change |
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29/07/2014 |
Annual account, new |
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29/07/2014 |
Group annual accout, new |
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23/07/2014 |
Annual report (PDF), new |
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18/10/2013 |
Group Structure Change |
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17/10/2013 |
Annual account, new |
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17/10/2013 |
Group annual accout, new |
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11/10/2013 |
Annual report (PDF), new |
Status History
No status history events for this company
Financials
Profit and Loss
|
Financial Year |
04/2017 |
04/2016 |
04/2015 |
|
Number of Weeks |
52 |
52 |
52 |
|
Currency |
SEK |
SEK |
SEK |
|
Consolidated Accounts |
No |
No |
No |
|
Revenue |
181,125,000 |
176,104,000 |
153,959,000 |
|
Operating Costs |
160,387,000 |
157,925,000 |
144,552,000 |
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Operating Profit |
20,738,000 |
18,179,000 |
9,407,000 |
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Wages & Salaries |
61,404,000 |
53,071,000 |
47,283,000 |
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Depreciation |
8,590,000 |
7,472,000 |
4,715,000 |
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Financial Income |
- |
119,000 |
57,000 |
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Financial Expenses |
868,000 |
765,000 |
1,276,000 |
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Extraordinary Income |
- |
- |
- |
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Extraordinary Costs |
- |
- |
- |
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Profit before Tax |
19,374,000 |
17,533,000 |
8,188,000 |
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Tax |
2,669,000 |
3,438,000 |
1,710,000 |
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Profit after Tax |
16,705,000 |
14,095,000 |
6,478,000 |
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Minority Interests |
- |
- |
- |
|
Other Appropriations |
-6,484,000 |
-4,120,000 |
-914,000 |
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Retained Profit |
10,221,000 |
9,975,000 |
5,564,000 |
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Balance Sheet |
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Financial Year |
04/2017 |
04/2016 |
04/2015 |
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Number of Weeks |
52 |
52 |
52 |
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Currency |
SEK |
SEK |
SEK |
|
Consolidated Accounts |
No |
No |
No |
|
Land & Buildings |
17,657,000 |
18,348,000 |
13,853,000 |
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Plant & Machinery |
- |
- |
- |
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Other Tangible Assets |
31,255,000 |
18,519,000 |
9,711,000 |
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Total Tangible Assets |
48,912,000 |
36,867,000 |
23,564,000 |
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Goodwill |
- |
- |
- |
|
Other Intangible Assets |
743,000 |
2,381,000 |
5,936,000 |
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Total Intangible Assets |
743,000 |
2,381,000 |
5,936,000 |
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Loans To Group |
- |
- |
- |
|
Other Loans |
- |
- |
- |
|
Miscellaneous Fixed Assets |
2,591,000 |
2,619,000 |
2,610,000 |
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Total Other Fixed Assets |
2,591,000 |
2,619,000 |
2,610,000 |
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TOTAL FIXED ASSETS |
52,246,000 |
41,867,000 |
32,110,000 |
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Work In Progress |
- |
- |
- |
|
Other Inventories |
46,452,000 |
46,196,000 |
44,938,000 |
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Total Inventories |
46,452,000 |
46,196,000 |
44,938,000 |
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Trade Receivables |
54,179,000 |
40,553,000 |
32,564,000 |
|
Group Receivables |
728,000 |
270,000 |
1,304,000 |
|
Miscellaneous Receivables |
12,683,000 |
15,302,000 |
4,981,000 |
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Total Receivables |
67,590,000 |
56,125,000 |
38,849,000 |
|
Cash |
465,000 |
80,000 |
328,000 |
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Other Current Assets |
- |
- |
- |
|
TOTAL CURRENT ASSETS |
114,507,000 |
102,401,000 |
84,115,000 |
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TOTAL ASSETS |
166,753,000 |
144,268,000 |
116,225,000 |
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Trade Payables |
11,858,000 |
9,344,000 |
6,547,000 |
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Bank Liabilities |
9,209,000 |
9,360,000 |
13,406,000 |
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Group Payables |
147,000 |
254,000 |
134,000 |
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Miscellaneous Liabilities |
35,268,000 |
34,942,000 |
19,490,000 |
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TOTAL CURRENT LIABILITIES |
56,482,000 |
53,900,000 |
39,577,000 |
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Bank Liabilities Due After 1 Year |
21,469,000 |
16,600,000 |
14,330,000 |
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Miscellaneous Liabilities Due After 1 Year |
24,609,000 |
17,797,000 |
14,322,000 |
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TOTAL LONG TERM LIABILITIES |
46,078,000 |
34,397,000 |
28,652,000 |
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TOTAL LIABILITIES |
102,560,000 |
88,297,000 |
68,229,000 |
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Called Up Share Capital |
2,739,000 |
2,739,000 |
2,739,000 |
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Revenue Reserves |
36,319,000 |
28,097,000 |
20,122,000 |
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Other Reserves |
25,135,000 |
25,135,000 |
25,135,000 |
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TOTAL SHAREHOLDERS EQUITY |
64,193,000 |
55,971,000 |
47,996,000 |
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|
|
|
|
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Other Financials |
|
|
|
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Financial Year |
04/2017 |
04/2016 |
04/2015 |
|
Working Capital |
58,025,000 |
48,501,000 |
44,538,000 |
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Net Worth |
63,450,000 |
53,590,000 |
42,060,000 |
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Ratios |
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|
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|
Financial Year |
04/2017 |
04/2016 |
04/2015 |
|
Pre-Tax Profit Margin (%) |
10.70 % |
9.96 % |
5.32 % |
|
Return On Capital Employed (%) |
8.68 % |
8.85 % |
5.26 % |
|
Return On Total Assets Employed (%) |
11.62 % |
12.15 % |
7.04 % |
|
Return On Net Assets Employed (%) |
30.18 % |
31.33 % |
17.06 % |
|
Sales/Net Working Capital |
3.12 |
3.63 |
3.46 |
|
Stock Turnover Ratio (%) |
25.65 % |
26.23 % |
29.19 % |
|
Debtor Days |
109.18 |
84.05 |
77.20 |
|
Creditor Days |
23.90 |
19.37 |
15.52 |
|
Current Ratio |
2.03 |
1.90 |
2.13 |
|
Liquidity Ratio/Acid Test |
1.20 |
1.04 |
0.99 |
|
Current Debt Ratio |
0.88 |
0.96 |
0.82 |
|
Gearing (%) |
47.79 % |
46.38 % |
57.79 % |
|
Equity In Percentage (%) |
39.28 % |
40.19 % |
44.57 % |
|
Total Debt Ratio |
1.60 |
1.58 |
1.42 |
Additional Financials Items
|
Year End Date |
|
2017 |
2016 |
2015 |
|
Audited Accounts |
|
Yes |
Yes |
Yes |
Share Capital Structure
|
Issued Share Capital |
2,738,500 SEK |
Shareholders
No
shareholders data for this company.
Current Directors
|
Name |
Appointment Date |
|
Position |
|
Claes-Ingvar Roland Lundell |
01/11/2003 |
|
Actual Member of Board |
|
Svante Axel Wallin |
03/03/1969 |
|
Actual Member of Board |
|
Jan Eric Bergstrom |
24/08/2017 |
|
Actual Member of Board |
|
Leif Peder Uneus |
03/03/1969 |
|
Actual Member of Board |
|
Ola Per Anders Johansson |
18/11/2005 |
|
Actual Member of Board |
|
John Bertil Bergin |
18/11/2005 |
|
Substitute |
|
Lena Anette Uneus Mattsson |
17/04/1996 |
|
Substitute |
|
Nils Sverker Ingvarson |
18/11/2005 |
|
Substitute |
|
Asa Katarina Wallin |
17/04/1996 |
|
Substitute |
Previous Directors
|
Name |
Appointment Date |
Position |
Resignation Date |
|
Jons Sture Svantesson |
03/03/1969 |
Actual Member of Board |
18/01/2017 |
Group Structure
|
Company Name |
Number |
Status |
Latest Annual Accounts |
|
0 Opsis Holding Aktiebolag |
5563094183 |
|
30/04/2017 |
|
[1] Opsis Aktiebolag |
5561240598 |
|
30/04/2017 |
|
2 Aeris Aktiebolag |
5563002640 |
|
30/04/2017 |
|
2
Liquidline AB |
5564103827 |
|
30/04/2017 |
|
2 Opsi
Shanghai Ltd - |
|
|
|
|
2 Opsis GmbH |
HRB 42178 |
|
30/04/2017 |
Negative Information
|
Debt Balance |
|
|
No Debt Balance for this company. |
|
|
Record of Non Payment |
|
|
Number Of Distraint Or Repossessions |
0 |
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Number Of Public Claims |
0 |
|
Number Of Private Claims |
0 |
|
Number Of Applications |
0 |
|
Number Of Revoked Applications |
0 |
|
Latest Public Claim |
|
|
No Latest Public Claim for this company. |
|
|
Latest Private Claim |
|
|
No Latest Private Claim for this company. |
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FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 68.20 |
|
|
1 |
INR 89.58 |
|
Euro |
1 |
INR 78.79 |
|
SEK |
1 |
INR 7.66 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
VAR |
|
|
|
|
Report Prepared
by : |
SYL |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
D |
High Risk |
Business dealing not recommended or on
secured terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
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 are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.