CreditReport

Good credit worthiness Limit: 3132 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
2023-05-02	AA	3 % of operating income	2022-12
2022-05-17	AA	4 % of operating income	2021-12
2021-04-09	AAA	4 % of operating income	2020-12
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; 4669 Wholesale of other machinery and equipment n.e.c.

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
Bouveng, Per	Member	2017-07-10
Ramadanovic, Nedzad	Member	2023-02-22
Hansson, Jens	Member	2022-03-08
Torgilsman, Petra	Member	2022-03-08
Gambe, Pernilla	Member	2019-03-13
Lyngenberg, Kristian	Auditor	2008-10-10
Söderlund, Robert	Deputy auditor	2005-04-28

Income statement

Income statement
Income statement amount in kSEK	2022-12	2021-12	2020-12	2019-12	2018-12
Net sales	97,311	84,086	75,731	83,836	92,175
Change in inventories	5,019	2,659	2	-1,567	1,858
Work performed for own use	0	0	0	0	0
Other operating income	2,077	601	4,821	852	1,148
Total renewal	104,407	87,346	80,554	83,121	95,181
Cost of goods
Raw materials and consumables	20,488	21,672	20,509	21,633	26,017
Goods for resale	31,570	20,247	15,438	16,531	17,640
Other external costs	17,043	14,811	12,989	13,996	14,847
Personnel costs	26,516	25,183	24,679	25,797	25,014
Items affecting comparability	0	0	0	0	0
Other operating expenses	2,914	918	1,277	993	1,224
Total operating expenses	101,093	85,875	78,000	81,897	87,316
Depreciation	2,562	3,044	3,108	2,947	2,574
Result after depreciation	3,315	1,469	2,553	1,225	7,866
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	0	0	0	6	1
Other financial income	0	0	0	0	92
Total financial income	0	0	0	6	93
Interest expense from group companies	0	0	0	0	0
External interest expenses	578	287	422	450	432
Total interest expenses	578	287	422	450	432
Other financial expenses	0	0	0	720	0
Total financial costs	578	287	422	1,170	432
Financial items affecting comparability	0	0	0	0	0
Result after financial items	2,737	1,182	2,131	61	7,528
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	2,737	1,182	2,131	61	7,528
Group contribution	0	0	0	0	0
Shareholders contribution	0	0	0	0	0
Allocations	226	871	810	1,041	-1,125
Result before taxt	2,963	2,053	2,941	1,102	6,403
Tax	575	438	647	300	1,464
Minority shareholding	0	0	0	0	0
Net P/L for the year	2,388	1,615	2,294	802	4,939

Balance sheet

Balance sheet
Balance sheet Amounts in kSEK	2022-12	2021-12	2020-12	2019-12	2018-12
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	2,908	4,437	5,846	7,953	8,948
Equipment	2,256	2,850	3,351	3,632	4,285
Machinery & equipment (tot)	5,164	7,287	9,197	11,585	13,233
Other fixed assets (not depreciable)	0	0	0	0	0
Other fixed assets (depreciable)	0	0	0	0	0
Total tangible assets	5,164	7,287	9,197	11,585	13,233
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	39	94	145	179	224
Total financial assets	39	94	145	179	224
Whereof not depreciable fixed assets	39	94	145	179	224
Work in progress	255	325	277	115	333
Other inventories	27,529	21,900	12,718	16,085	19,182
Total inventories	27,784	22,225	12,995	16,200	19,515
Account receivables	17,596	11,359	11,295	11,739	13,883
Receivables from group companies and associated	0	0	0	0	0
Other receivables	2,040	1,322	785	1,311	2,157
Total receivables	19,636	12,681	12,080	13,050	16,040
Total short term investments	0	0	0	0	0
Cash and bank balances	0	0	4,489	5,645	1,005
Other current assets
Total current assets	47,420	34,906	29,564	34,896	36,560
Total assets	52,624	42,288	38,906	46,660	50,017
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	4,524	3,431	3,136	2,735	705
Group contribution	0	0	0	0	0
Shareholders contribution	0	0	0	0	0
Net P/L for the year	2,388	1,615	2,294	802	4,939
Total non-restricted capital	6,912	5,046	5,430	3,537	5,644
Shareholders equity	7,942	6,076	6,460	4,567	6,674
Untaxed reserves	10,587	10,813	11,684	12,494	13,535
Minority shareholding	0	0	0	0	0
Provisions	39	94	145	179	224
Bond loans	0	0	0	0	0
Liabilities to credit inst. (long term)	6,520	3,260	5,073	5,435	11,471
Liabilities to group companies and associated	0	0	0	0	0
Other long-term liabilities	0	0	0	0	0
Long term liabilities	6,520	3,260	5,073	5,435	11,471
Liabilities to credit inst. (short term)	10,564	7,918	1,305	9,845	1,500
Accounts payable	8,722	8,010	7,201	8,265	9,414
Liabilities to group companies and associated	0	0	0	0	0
Other current liabilities	8,250	6,117	7,039	5,875	7,199
Total current liabilities	27,536	22,045	15,545	23,985	18,113
Total equity and liability	52,624	42,288	38,906	46,660	50,017

Key figures

Key figures
	2022-12	2021-12	2020-12	2019-12	2018-12	Area average
Turnover kSEK	104,407	87,346	80,554	83,121	95,181	-
Result after financial items kSEK	2,737	1,182	2,131	61	7,528	-
Net worth kSEK	16,199	14,510	15,573	14,312	17,231	-
Assets kSEK	52,624	42,288	38,906	46,660	50,017	-
Number of employees	36	36	38	40	36	-
Equity ratio %	30.8	34.3	40	30.7	34.5	45
Quick ratio %	71.3	57.5	106.6	77.9	94.1	120.5
Current ratio %	172.2	158.3	190.2	145.5	201.8	178.9
Profit margin %	3.2	1.7	3.2	1.5	8.4	6.4
Return on total assets %	6.3	3.5	6.6	2.6	15.9	9.6
Return on equity %	16.9	8.1	13.7	0.4	43.7	16.3
Interest on liabilities %	1.6	1	1.8	1.4	1.3	0.7
Risk margin	4.7	2.4	4.8	1.2	14.6	9.1
Liability ratio t/year	2.2	1.9	1.5	2.3	1.9	1.2
Interest cover t/year	5.7	5.1	6	2.7	18.4	16.4
Turnover/Assets t/year	2	2.1	2.1	1.8	1.9	1.7

Notes/Other information

Notes/Other information
	2022-12	2021-12	2020-12	2019-12	2018-12
Chattel mortgages	19,120	19,120	9,120	19,120	19,120
Property mortgage	0	0	0	0	0
Other securities	0	0	0	0	0
Total securities	19,120	19,120	9,120	19,120	19,120
Explanation of comment F Security existing, amount unavailable Y Other securities existing, amounts unavailable N No information available
Conditional shareholders contribution	0
Other contingent liabilities	0
Total contingent liabilities	0
Explanation of comment F Security existing, amount unavailable Y Other securities existing, amounts unavailable N No information available
Dividend	522	400	2,909
Number of employees	36	36	38	40	36
Salaries and emoluments to board members	1,878	1,632	1,539	1,523
Bonus	0	0	0	0
Salaries to others	15,445	15,753	15,425	15,762
Salary (bonus)	0	0	0	0
Social costs	8,051	8,157	7,359	7,822
Severance pay
Granted bank overdraft	10,000	10,000	10,000	10,000
Bank overdraft (used)	8,824	6,178	0	8,105	9,096

Ability to pay

Payment index

Date: 2023-06-03
Subject: 75
Line of business: 78
Number of invoices: 30
Average days after due date: 7

Soliditet has per 2023-06-03 received information regarding 30 paid invoices, total amount 384,473 SEK.

Sura Magnets AB

Good credit worthiness Limit: 3132 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