CreditReport

Good credit worthiness Limit: 2493 kSEK

Part judgements

History / Operation: Well-established
Shareholder / Management: Satisfactory
Finance: Satisfactory
Ability to pay: Very good

Rating history

Rating history
Date	Rating	Limit	Annual report
2020-03-18	AA	3 % of operating income	2019-12
2019-05-28	AAA	4 % of operating income	2018-12
2018-06-05	AAA	3 % of operating income	2017-12
2017-03-28	AAA	3 % of operating income	2016-12
2016-02-26	AA	2 % of operating income	2015-12
2015-04-10	AA	2 % of operating income	2014-12
2014-07-31	B		2013-12
2013-08-03	A	1 % of operating income	2012-12
2013-01-05	A	1 % of operating income	2011-12
2012-12-24	C		2011-12
2012-07-14	A	1 % of operating income	2011-12
2012-07-06	A	1 % of operating income	2010-08
2012-06-02	C		2010-08
2012-03-25	A	1 % of operating income	2010-08
2012-03-03	C		2010-08
2011-04-18	A	1 % of operating income	2010-08
2009-11-24	A	1 % of operating income	2009-08
2009-10-16	AA	2 % of operating income	2008-08
2008-11-19	A	2 % of operating income	2008-08
2008-01-04	AA	3 % of operating income	2007-08
2007-04-17	AA	4 % of operating income	2006-08
2006-03-30	A	3 % of operating income	2005-08
2005-03-21	AAA	4 % of operating income	2004-08
2003-12-04	AA	3 % of operating income	2003-08
2003-10-04	AA	3 % of operating income	2002-08
2003-05-08	AAA	3 % of operating income	2002-08
2002-09-24	AA	2 % of operating income	2001-08
2002-02-27	C		2001-08
2001-05-22	A	1 % of operating income	2000-08
2000-04-06	A	1 % of operating income	1999-08
1999-03-03	AA	1 % of operating income	1998-08
1998-05-07	C		1997-08
1997-10-11	B		1996-08
1997-04-17	A	1 % of operating income	1996-08
1996-05-21	A	2 % of operating income	1995-12
1995-09-22	A	3 % of operating income	1994-12
1994-09-03	B		1993-12
1994-07-02	B		1993-12
1994-02-24	C		1992-12
1992-07-01	B		1991-12
1992-01-02	B		1990-12
1991-01-03	B		1989-12
1990-01-05	A	1 % of operating income	1988-12
1989-01-20	NYTT		-

History / Operation

Legal form: Limited company
Date of registration: 1987-10-30
Current name registered: 1988-08-11
Previous name: AB Grundstenen 40400
Corporate domicile: Söderköpings kommun
Registered share capital: 602,000 SEK
Registered as employer: Yes
Actively reporting VAT: Yes
Registered for MVA: Yes
NACE code: 2344 Manufacture of other technical ceramic products

Board member information

Board member information
Name	Function	Entered
Andersson, Tommy	Member managing dir.	2016-02-25
Wernhoff, Thomas	Member chairman	2016-02-25
Torgilsman, Bertil Holger	Member	2016-02-25
Almesåker, Gunnar Arne	Member	2016-02-25
Bouveng, Per	Member	2017-07-10
Gustafsson, Jens	Member	2017-07-10
Gambe, Pernilla	Member	2019-03-13
Westman, Elin	Deputy	2017-07-10
Lyngenberg, Kristian	Auditor	2008-10-10
Söderlund, Robert	Deputy auditor	2005-04-28

Income statement

Income statement
Income statement amount in kSEK	2019-12	2018-12	2017-12	2016-12	2015-12
Net sales	83,836	92,175	84,681	79,083	79,532
Change in inventories	-1,567	1,858	-327	410	407
Work performed for own use	0	0	0	0	0
Other operating income	852	1,148	1,071	743	697
Total renewal	83,121	95,181	85,425	80,236	80,636
Cost of goods
Raw materials and consumables	21,633	26,017	22,824	20,353	22,948
Goods for resale	16,531	17,640	13,813	14,417	13,670
Other external costs	13,996	14,847	14,694	14,461	13,997
Personnel costs	25,797	25,014	22,912	22,127	20,679
Items affecting comparability	0	0	0	0	0
Other operating expenses	993	1,224	871	1,194	1,379
Total operating expenses	81,897	87,316	77,425	74,764	74,814
Depreciation	2,947	2,574	2,311	2,212	2,141
Result after depreciation	1,225	7,866	7,998	5,472	5,824
Result from participation in group companies and associated	0	0	0	0	0
Interest income from group companies	0	0	0	0	0
External interest income	6	1	0	17	84
Other financial income	0	92	0	0	0
Total financial income	6	93	0	17	84
Interest expense from group companies	0	0	0	0	0
External interest expenses	450	432	490	725	1,113
Total interest expenses	450	432	490	725	1,113
Other financial expenses	720	0	0	0	0
Total financial costs	1,170	432	490	725	1,113
Financial items affecting comparability	0	0	0	0	0
Result after financial items	61	7,528	7,508	4,764	4,794
Extraordinary income	0	0	0	0	0
Extraordinary expenses	0	0	0	0	0
Total extraordinary items	0	0	0	0	0
Result before allocations	61	7,528	7,508	4,764	4,794
Group contribution	0	0	0	0	0
Shareholders contribution	0	0	0	0	0
Allocations	1,041	-1,125	-2,845	-2,424	-1,826
Result before taxt	1,102	6,403	4,663	2,340	2,968
Tax	300	1,464	1,064	534	663
Minority shareholding	0	0	0	0	0
Net P/L for the year	802	4,939	3,599	1,806	2,305

Balance sheet

Balance sheet
Balance sheet Amounts in kSEK	2019-12	2018-12	2017-12	2016-12	2015-12
Subscribed capital unpaid	0	0	0	0	0
Capitalized expenditure for research & development	0	0	0	0	0
Patents, licenses	0	0	0	0	0
Goodwill	0	0	0	0	0
Other intangible assets	0	0	0	0	0
Total intangible assets	0	0	0	0	0
Land and buildings	0	0	0	0	0
(land)	0	0	0	0	0
Machinery	7,953	8,948	9,131	10,419	12,049
Equipment	3,632	4,285	3,680	3,551	3,298
Machinery & equipment (tot)	11,585	13,233	12,811	13,970	15,347
Other fixed assets (not depreciable)	0	0	0	0	0
Other fixed assets (depreciable)	0	0	0	0	0
Total tangible assets	11,585	13,233	12,811	13,970	15,347
Participation in group companies and associated	0	0	0	0	0
Receivables from group companies and associated	0	0	0	0	0
Loans to partner or other closely related	0	0	0	0	0
Other financial assets	179	224	140	140	140
Total financial assets	179	224	140	140	140
Whereof not depreciable fixed assets	179	224	140	140	140
Work in progress	115	333	59	0	0
Other inventories	16,085	19,182	15,898	13,984	13,996
Total inventories	16,200	19,515	15,957	13,984	13,996
Account receivables	11,739	13,883	14,265	12,043	6,423
Receivables from group companies and associated	0	0	0	0	4,160
Other receivables	1,311	2,157	2,067	1,761	2,180
Total receivables	13,050	16,040	16,332	13,804	12,763
Total short term investments	0	0	0	0	0
Cash and bank balances	5,645	1,005	2,306	819	1,733
Other current assets
Total current assets	34,896	36,560	34,595	28,608	28,491
Total assets	46,660	50,017	47,546	42,718	43,978
Share capital	602	602	602	602	602
Share premium reserve	0	0	0	0	0
Revaluation reserve	0	0	0	0	0
Other restricted equity	428	428	428	428	428
Total restricted equity	1,030	1,030	1,030	1,030	1,030
Profit or loss brought forward	2,735	705	15	515	15
Group contribution	0	0	0	0	0
Shareholders contribution	0	0	0	-500	0
Net P/L for the year	802	4,939	3,599	1,806	2,305
Total non-restricted capital	3,537	5,644	3,614	1,821	2,320
Shareholders equity	4,567	6,674	4,644	2,851	3,350
Untaxed reserves	12,494	13,535	12,410	9,565	7,141
Minority shareholding	0	0	0	0	0
Provisions	179	224	140	140	140
Bond loans	0	0	0	0	0
Liabilities to credit inst. (long term)	5,435	11,471	14,054	7,642	8,300
Liabilities to group companies and associated	0	0	0	0	0
Other long-term liabilities	0	0	148	289	413
Long term liabilities	5,435	11,471	14,202	7,931	8,713
Liabilities to credit inst. (short term)	9,845	1,500	0	8,940	11,087
Accounts payable	8,265	9,414	10,133	7,896	8,826
Liabilities to group companies and associated	0	0	0	0	0
Other current liabilities	5,875	7,199	6,016	5,396	4,721
Total current liabilities	23,985	18,113	16,149	22,232	24,634
Total equity and liability	46,660	50,017	47,546	42,718	43,978

Key figures

Key figures
	2019-12	2018-12	2017-12	2016-12	2015-12	Area average
Turnover kSEK	83,121	95,181	85,425	80,236	80,636	-
Result after financial items kSEK	61	7,528	7,508	4,764	4,794	-
Net worth kSEK	14,312	17,231	14,323	10,311	8,920	-
Assets kSEK	46,660	50,017	47,546	42,718	43,978	-
Number of employees	40	36	32	33	32	-
Equity ratio %	30.7	34.5	30.1	24.1	20.3	38.7
Quick ratio %	77.9	94.1	115.4	65.8	58.8	100.8
Current ratio %	145.5	201.8	214.2	128.7	115.7	159.7
Profit margin %	1.5	8.4	9.4	6.8	7.3	5.5
Return on total assets %	2.6	15.9	16.8	12.8	13.4	10.2
Return on equity %	0.4	43.7	52.4	46.2	53.7	21.5
Interest on liabilities %	1.4	1.3	1.5	2.2	3.2	0.7
Risk margin	1.2	14.6	15.3	10.6	10.3	9.1
Liability ratio t/year	2.3	1.9	2.3	3.1	3.9	1.6
Interest cover t/year	2.7	18.4	16.3	7.6	5.3	17.6
Turnover/Assets t/year	1.8	1.9	1.8	1.9	1.8	1.5

Notes/Other information

Notes/Other information
	2019-12	2018-12	2017-12	2016-12	2015-12
Chattel mortgages	19,120	19,120	27,520	27,520	27,520
Property mortgage	0	0	0	0	0
Other securities	0	0	0	0	0
Total securities	19,120	19,120	27,520	27,520	27,520
Explanation of comment F Security existing, amount unavailable Y Other securities existing, amounts unavailable N No information available
Conditional shareholders contribution	0	0	0	500
Other contingent liabilities	0	120	755	120
Total contingent liabilities	0	120	755	620
Explanation of comment F Security existing, amount unavailable Y Other securities existing, amounts unavailable N No information available
Dividend	400	2,909	2,909	1,806	1,806
Number of employees	40	36	32	33	32
Salaries and emoluments to board members	1,523	1,157	900
Bonus	0	0	0
Salaries to others	15,762	13,719	13,124
Salary (bonus)	0	0	0
Social costs	7,822	6,819	6,104
Severance pay
Granted bank overdraft	10,000	10,000	7,300
Bank overdraft (used)	8,105	9,096	7,004	8,940	7,007

Ability to pay

Payment index

Date: 2020-03-29
Subject: 77
Line of business: 77
Number of invoices: 28
Average days after due date: 3

Soliditet has per 2020-03-29 received information regarding 28 paid invoices, total amount 255,076 SEK.

Sura Magnets AB

Good credit worthiness Limit: 2493 kSEK

Part judgements

Rating history

History / Operation

Board member information

Income statement

Balance sheet

Key figures

Notes/Other information

Explanation of comment

Explanation of comment

Ability to pay

Payment index