IMPORTANT NEWS: National Electric Vehicle Sweden has agreed to buy the assets of Saab Automobile and the sale is expected to be finalized during the summer.

Wednesday, June 15, 2011

Companies with claims on Saab

It is no secret that Saab has been in a financially difficult position for several months now. So far Saab has secured around EUR 78 million in new short-term funding, but Saab needs more to be able to run the manufacturing in the short-term. A sale and leaseback deal for Saab's property can be a step on the way to secure enough cash for the short-term. The medium and long-term funding is supposed to be secured through the deals with Chinese Pang Da and Youngman.

This week production at Saab is suspended pending a more stable supply of parts. Negotiations with suppliers are ongoing to try to agree on payment plans for past deliveries and delivery and payment terms for future deliveries. Deliveries that are needed to restart the production.

At the same time 54 claims of unpaid deliveries have been reported to the Swedish Enforcement Authority. This does not mean that the companies which has reported their claims to the Enforcement Authority want to try to collect their amount outstanding through enforcing a bankruptcy in Saab. Reporting the claim to the Enforcement Authority is simply a way of getting their claim prioritized in case of a bankruptcy in Saab. The 54 claims reported to the Authority amounted to SEK 23 million yesterday, but Saab's debt to suppliers is unquestionably much larger.

Swedish online newspaper GT has a list of all the claims reported up to yesterday. Some of these 54 claims might have been paid by Saab without the list from the Enforcement Authority being updated. Anyway, here are the companies that have reported their claims on Saab to the Swedish Enforcement Authority.


Company with claim                                     Claim in SEK

Fasitet PDE
4 809 973
Kongsberg Automotive
4 338 708
HIQ Göteborg
3 327 844
Michael Page International
1 812 330
Benteler Aluminium Syst.
973 005
J Event
729 118
Mima Skepps- och Industriservice
686 278
Öhrlings Pricewaterhouse-coopers
678 521
Mutual Benefits
455 948
Atlas Copco Compressor
448 501
Posten Meddelande
443 330
Inkasso Marginalen
436 099
I3tex
425 939
Chemetall Skand. Ytteknik
361 174
Chemetall Skand. Ytteknik
341 427
Awapatent
319 513
Releasy Customer Management
266 967
Posten Meddelande
244 909
Dacat
238 653
Live Nation Sweden
238 001
Awapatent
233 601
Brännkammaren 67
223 224
Infotiv
215 653
De Lage Finans
157 904
Uddeholm Svenska
150 272
Chemetall Skand. ytteknik
142 316
Atlas Copco Compressor
141 875
Kopparberg Finans
129 683
Effect Management Search
128 014
Bording
99 134
Materialcenter Väst
93 725
Netgroup Engineering i Gbg
92 847
Granzow
90 867
Benteler Aluminium Syst.
82 029
Dahl Sverige
50 661
Eniro Sverige
35 762
Ultramare
32 890
Siemens
19 007
Svensk Bilprovning
10 309
Atlas Copco Compressor
6 127
Teliasonera Sverige
5 525
Bording
5 162
Carlhag
5 129
Svea Ekonomi
4 128
Runelandhs Försäljnings
3 234
TDC Sverige
2 597
Svenska Elektrod AB
2 262
Supplies Team Sverige
1 559
Kontentan Förlags
1 280