CreditReport

Highest credit worthiness

Part judgements

History / Operation: Well established
Shareholder / Management: Satisfactory
Finance: Excellent
Ability to pay: Excellent

Rating history

Rating history
Date	Rating	Limit	Annual report
2012-08-09	AAA	5 % of operating income	2012-04
2011-09-02	AAA	7 % of operating income	2011-04
2010-10-01	AAA	6 % of operating income	2010-04
2009-12-01	AAA	6 % of operating income	2009-04
2009-10-01	AA	6 % of operating income	2009-04
2008-12-02	AA	6 % of operating income	2008-08
2007-11-13	AA	6 % of operating income	2007-08
2006-11-20	AA	5 % of operating income	2006-08
2005-12-05	AA	5 % of operating income	2005-08
2004-12-06	AA	4 % of operating income	2004-08
2004-04-05	AA	3 % of operating income	2003-08
2002-12-03	AA	5 % of operating income	2002-08
2002-02-07	AA	6 % of operating income	2001-08
2001-12-21	AA	6 % of operating income	2000-08
2001-01-05	A	3 % of operating income	2000-08
1999-11-16	NYTT		-
1999-09-14	-		-

History / Operation

Legal form: Limited company
Date of registration: 1999-09-08
Current name registered: 1999-11-08
Previous name: Startplattan 81169 AB
Corporate domicile: Växjö kommun
Registered share capital: 100,000 SEK
Registered as employer: Yes
Actively reporting VAT: Yes
Registered for MVA: Yes
NACE code: 4676 Wholesale of other intermediate products n.e.c.

Group information

Group information
Company	D&B D-U-N-S no.	Country	Share capital in SEK	Part held by parent
Justdesignit AB	00632207283	Sweden	100,000	0%

Board member information

Board member information
Name	Function	Entered
Svensson, Mikael	Manager chairman	2012-11-15
Lindberg, Johan	Member	1999-11-08
Svensson, Mathias	Deputy	2012-11-15
Sterner, Jan Peter	Auditor	1999-11-08

Income statement

Income statement
Income statement amount in kSEK	2012-04	2011-04	2010-04	2009-04	2008-08
Net sales	63,570	56,227	48,197	21,227	43,104
Change in inventories	0	0	0	0	0
Work performed for own use	0	0	0	0	0
Other operating income	264	318	458	1,094	18
Total renewal	63,834	56,545	48,655	22,321	43,122
Raw materials and consumables	0	0	0	0	30,567
Goods for resale	42,352	39,993	32,910	14,289	0
Other external costs	5,185	3,621	2,915	2,444	2,808
Personnel costs	9,495	6,951	8,249	3,342	5,979
Items affecting comparability	0	0	0	0	0
Other operating expenses	352	720	455	305	0
Total operating expenses	57,438	51,326	44,569	20,407	39,393
Depreciation	54	41	40	27	39
Result after depreciation	6,397	5,219	4,084	1,914	3,729
Result from participation in group companies and associated	0	0	0	0	-743
Interest income from group companies	0	0	0	0	0
External interest income	8	14	1	30	37
Other financial income	0	0	31	66	411
Total financial income	8	14	32	96	-295
Interest expense from group companies	0	0	0	0	0
External interest expenses	462	77	166	73	181
Total interest expenses	57,438	51,326	44,569	20,407	39,393
Other financial expenses	0	0	0	0	0
Total financial costs	462	77	166	73	181
Financial items affecting comparability	0	0	0	0	0
Result after financial items	5,943	5,155	3,951	1,937	3,253
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	5,943	5,155	3,951	1,937	3,253
Group contribution	0	-136	0	-100	0
Shareholders contribution	0	0	0	0	0
Allocations	0	0	0	0	0
Result before tax	5,943	5,020	3,951	1,837	3,254
Tax	1,583	1,351	1,075	526	958
Minority shareholding	0	0	0	0	0
Net P/L for the year	4,360	3,669	2,876	1,311	2,296

Balance sheet

Balance sheet
Balance sheet Amounts in kSEK	2012-04	2011-04	2010-04	2009-04	2008-08
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	0	0	0	0	0
Equipment	130	58	99	112	140
Machinery & equipment (tot)	130	58	99	112	140
Other fixed assets (not depreciable)	0	0	0	0	0
Other fixed assets (depreciable)	0	0	0	0	0
Total tangible assets	130	58	99	112	140
Participation in group companies and associated	57	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	2,961	2,950	1,950	1,499	60
Total financial assets	3,018	2,950	1,950	1,499	60
Total fixed assets	130	58	99	112	140
Whereof not depreciable fixed assets	3,018	2,950	1,950	1,499	60
Work in progress	0	0	0	0	0
Other inventories	15,100	7,630	10,048	7,150	4,985
Total inventories	15,100	7,630	10,048	7,150	4,985
Account receivables	13,371	6,863	4,753	4,468	6,964
Receivables from group companies and associated	570	42	36	34	0
Other receivables	205	123	2,025	258	1,116
Total receivables	14,146	7,028	6,814	4,760	8,080
Total short term investments	0	0	0	0	0
Cash and bank balances	1,064	2,348	747	905	3,177
Other current assets	0	0	0	0	0
Total current assets	30,310	17,006	17,610	12,816	16,241
Total assets	33,458	20,014	19,659	14,428	16,441
Share capital	100	100	100	100	100
Share premium reserve	0	0	0	0	0
Revaluation reserve	0	0	0	0	0
Other restricted equity	20	20	20	20	20
Total restricted equity	120	120	120	120	120
Profit or loss brought forward	14,248	11,559	9,508	8,197	7,421
Group contribution	0	0	0	0	0
Shareholders contribution	0	0	0	0	0
Net P/L for the year	4,360	3,669	2,876	1,311	2,296
Total non-restricted capital	18,608	15,228	12,384	9,508	9,717
Shareholders equity	18,728	15,348	12,504	9,628	9,837
Untaxed reserves	0	0	0	0	0
Minority shareholding	0	0	0	0	0
Provisions	0	0	0	0	0
Bond loans	0	0	0	0	0
Liabilities to credit inst. (long term)	0	0	0	1,100	0
Liabilities to group companies and associated	0	0	0	0	0
Other long-term liabilities	0	0	0	0	60
Long term liabilities	0	0	0	1,100	60
Liabilities to credit inst. (short term)	8,046	0	1,100	796	1,817
Accounts payable	2,202	1,612	1,156	1,280	1,219
Liabilities to group companies and associated	136	136	0	0	644
Other current liabilities	4,346	2,918	4,899	1,623	2,865
Total current liabilities	14,730	4,666	7,155	3,699	6,545
Total equity and liability	33,458	20,014	19,659	14,428	16,441

Key figures

Key figures
	2012-04	2011-04	2010-04	2009-04	2008-08	Area average
Turnover kSEK	63,834	56,545	48,655	22,321	43,122	-
Result after financial items kSEK	5,943	5,155	3,951	1,937	3,253	-
Net worth kSEK	18,728	15,348	12,504	9,628	9,837	-
Assets kSEK	33,458	20,014	19,659	14,428	16,441	-
Number of employees	15	11	9	10	11	-
Equity ratio %	56	77	64	67	60	51
Quick ratio %	103	201	106	153	172	158
Current ratio %	206	365	246	347	248	244
Profit margin %	10	9	9	9	8	6
Return on total assets %	19	26	21	21	21	11
Return on equity %	32	34	32	30	33	19
Interest on liabilities %	3	2	2	2	3	1
Risk margin	16	25	19	19	18	10
Liability ratio t/year	1		1	1	1	1
Interest cover t/year	14	68	25	41	19	20
Turnover/Assets t/year	2	3	3	2	3	2

Notes/Other information

Notes/Other information
	2012-04	2011-04	2010-04	2009-04	2008-08
Chattel mortgages	10,600	15,600	10,600	5,150	5,150
Property mortgage	0	0	0	0	0
Other securities	5,137	3,334	260	260	260
Total securities	15,737	18,934	10,860	5,410	5,410
Explanation of comment F Security existing, amount unavailable Y Other securities existing, amounts unavailable N No information available
Conditional shareholders contribution	0	0	0	0	0
Other contingent liabilities	0	0	0	0	0
Total contingent liabilities	0	0	0	0	0
Explanation of comment F Security existing, amount unavailable Y Other securities existing, amounts unavailable N No information available
Dividend	1,600	980	825	0	2,654
Number of employees	15	11	9	10	11
Salaries and emoluments to board members	0	984	984	528	1,070
Bonus	0	0	0	0	0
Salaries to others	5,962	2,980	2,224	1,611	2,792
Salary (bonus)	0	0	0	0	0
Social costs	3,329	2,781	4,909	1,158	1,951
Severance pay
Granted bank overdraft	12,000	5,000	5,000	5,000	5,000
Bank overdraft (used)	8,046	0	0	796	1,817

Ability to pay

Payment index

Date: 2013-05-18
Subject: 79
Line of business: 79
Number of invoices: 9
Average days after due date: 2

Soliditet has per 2013-05-18 received information regarding 9 paid invoices, total amount 122,148 SEK.

Creon Promotion AB

Highest credit worthiness

Part judgements

Rating history

History / Operation

Group information

Board member information

Income statement

Balance sheet

Key figures

Notes/Other information

Explanation of comment

Explanation of comment

Ability to pay

Payment index