MIRA INFORM REPORT
|
Report Date : |
01.08.2011 |
IDENTIFICATION DETAILS
|
Name : |
BUFAB SWEDEN AB |
|
|
|
|
Registered Office : |
33102 Värnamo |
|
|
|
|
Country : |
Sweden |
|
|
|
|
Financials (as on) : |
2010 |
|
|
|
|
Date of Incorporation : |
07/05/1962 |
|
|
|
|
Com. Reg. No.: |
5560827973 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
Wholesale of hardware |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
50.000.000 SEK |
|
Status : |
Good |
|
Payment
Behaviour : |
No Complaints |
|
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 – March 31st, 2011
|
Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
|
Sweden |
a2 |
a2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
REGISTERED NAME & COMPANY
SUMMARY
|
Business Name |
Bufab Sweden AB |
|
Country |
SWEDEN |
|
Company Registration Number |
5560827973 |
|
Main Activity |
Wholesale of hardware |
|
Activity Code |
46741 |
|
Company Status |
Active |
|
Latest Turnover Figure |
658.228.000 SEK |
|
Latest Shareholder Equity Figure |
49.862.000 SEK |
|
Credit Limit |
50.000.000 SEK |
|
Basic Information |
|
|
Business Name |
Bufab Sweden AB |
|
Registered Company Name |
Bufab Sweden AB |
|
Company Registration Number |
5560827973 |
|
Country |
SWEDEN |
|
VAT Registration Number |
SE556082797301 |
|
Date of Company Registration |
07/05/1962 |
|
Legal Form |
Limited liability company |
|
Company Status |
Active |
|
Currency of this Report |
SEK |
|
Principal Activity Description |
Bolaget skall driva handel med
fästelement, uthyrning av maskinutrustning och fordon, samt därmed förenlig
verksamhet. |
|
Contact Address |
33102 VÄRNAMO |
|
Contact Telephone Number |
0370-696900 |
|
Activities |
|
|
Activity Code |
Activity Description |
|
46741 |
Wholesale of hardware |
CREDIT RECOMENDATION
Current Credit Limit: 50.000.000 SEK
Credit Limit
additional comments:
|
Current Credit Limit |
50.000.000 SEK |
|
Current Contract Limit |
164.600.000 SEK |
|
Date of Latest Rating Change |
10/08/2008 |
|
Previous Credit Limit |
10.000.001.000 SEK |
DIRECTORS/MANAGEMENT
Directors/Managers
|
Current
Directors |
|||
|
Name |
Appointment
Date |
Position |
|
|
Paul Hans Gunnar Björstrand |
|
Actual Member of Board |
|
|
Peter Erik Ek |
29/07/1996 |
Actual Member of Board |
|
|
Thomas Olof Ekström |
28/04/2005 |
Actual Member of Board |
|
NEGATIVE INFORMATION
Negative Information
|
Debt balance at the Swedish Enforcement
Agency |
|
|
Number of Private Claims |
- |
|
Balance of Private Claims |
- |
|
Number of Public Claims |
- |
|
Balance of Public Claims |
- |
|
Total Balance |
- |
|
Record of non-payment |
|
|
Number of distraint attempts and
repossessions |
- |
|
Number of public claims |
- |
|
Number of private claims |
- |
|
Number of applications for an order to pay |
- |
|
Number of reclaimed/revoked applications |
- |
SHARE & SHARE CAPITAL INFORMATION
Share Capital Structure
|
Issued Share
Capital |
500.000 SEK |
PAYMENT INFORMATION
Na
GROUP STRUCTURE & AFFILIATED
COMPANIES
Group Structure
|
Ultimate Holding
Parent |
|
|
|
Ultimate Holding
Company Name |
BUFAB S.Á.R.L. |
|
|
Ultimate Holding
Company Country |
FRANCE |
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|
Immediate
Holding Parent |
|
No information for this company. |
|
Subsidiary
Companies |
||
|
Subsidiary Name |
Country |
Number |
|
No subsidiaries for this company. |
|
|
|
Affiliates |
||
|
Affiliate Name |
Country |
Number |
|
No affiliates for this company. |
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|
FINANCIAL INFORMATION
|
Profit and Loss |
|||
|
Financial Year |
2010 |
2009 |
2008 |
|
Number of Weeks |
52 |
52 |
52 |
|
Currency |
SEK |
SEK |
SEK |
|
Conslotidated Accounts |
N |
N |
N |
|
Revenue |
658.228.000 |
475.537.000 |
574.324.000 |
|
Operating Costs |
602.009.000 |
454.814.000 |
490.859.000 |
|
Operating Profit |
56.219.000 |
20.723.000 |
83.465.000 |
|
Wages & Salaries |
- |
- |
- |
|
Depreciation |
- |
- |
- |
|
Financial Income |
317.000 |
- |
902.000 |
|
Financial Expenses |
-5.658.000 |
-7.630.000 |
-7.189.000 |
|
Extraordinary Income |
- |
- |
- |
|
Extraordinary Costs |
-5.658.000 |
-7.630.000 |
-7.189.000 |
|
Profit before Tax |
50.878.000 |
13.093.000 |
77.178.000 |
|
Tax |
-12.516.000 |
-2.989.000 |
-19.693.000 |
|
Profit after Tax |
50.878.000 |
13.093.000 |
77.178.000 |
|
Minority Interests |
- |
- |
- |
|
Other Appropriations |
-755.000 |
-2.400.000 |
-7.512.000 |
|
Retained Profit |
37.607.000 |
7.704.000 |
49.973.000 |
|
Balance Sheet |
|||
|
Financial Year |
2010 |
2009 |
2008 |
|
Number of Weeks |
52 |
52 |
52 |
|
Currency |
SEK |
SEK |
SEK |
|
Consolidated Accounts |
N |
N |
N |
|
Land & Buildings |
0 |
0 |
0 |
|
Plant & Machinery |
0 |
0 |
0 |
|
Other Tangible Assets |
44.257.000 |
52.523.000 |
59.492.000 |
|
Total Tangible Assets |
44.257.000 |
52.523.000 |
59.492.000 |
|
Goodwill |
0 |
0 |
0 |
|
Other Intangible Assets |
0 |
3.805.000 |
0 |
|
Total Intangible Assets |
0 |
3.805.000 |
0 |
|
Loans To Group |
0 |
0 |
0 |
|
Other Loans |
0 |
0 |
0 |
|
Miscellaneous Fixed Assets |
308.000 |
359.000 |
388.000 |
|
Total Other Fixed Assets |
308.000 |
359.000 |
388.000 |
|
TOTAL FIXED ASSETS |
44.565.000 |
56.687.000 |
59.880.000 |
|
Work In Progress |
0 |
0 |
0 |
|
Other Inventories |
206.173.000 |
218.269.000 |
254.437.000 |
|
Total Inventories |
206.173.000 |
218.269.000 |
254.437.000 |
|
Trade Receivables |
94.837.000 |
66.946.000 |
65.229.000 |
|
Group Receivables |
84.889.000 |
53.324.000 |
47.461.000 |
|
Miscellaneous Receivables |
4.136.000 |
4.314.000 |
4.518.000 |
|
Total Receivables |
183.862.000 |
124.584.000 |
117.208.000 |
|
Cash |
1.553.000 |
8.133.000 |
3.992.000 |
|
Other Current Assets |
0 |
0 |
0 |
|
TOTAL CURRENT ASSETS |
391.588.000 |
350.986.000 |
375.637.000 |
|
TOTAL ASSETS |
436.153.000 |
407.673.000 |
435.517.000 |
|
Trade Payables |
49.847.000 |
30.316.000 |
44.445.000 |
|
Bank Liabilities |
0 |
0 |
0 |
|
Group Payables |
93.489.000 |
90.229.000 |
100.631.000 |
|
Miscellaneous Liabilities |
11.599.000 |
12.555.000 |
17.248.000 |
|
TOTAL CURRENT LIABILITIES |
154.935.000 |
133.100.000 |
162.324.000 |
|
Bank Liabilities Due After 1 Year |
105.000.000 |
105.000.000 |
105.000.000 |
|
Other Loans Or Finance Due After 1 Year |
0 |
0 |
0 |
|
Group Payables After 1 Year |
0 |
0 |
0 |
|
Miscellaneous Liabilities Due After 1 Year |
30.858.000 |
30.103.000 |
27.703.000 |
|
TOTAL LONG TERM LIABILITIES |
231.356.000 |
227.503.000 |
225.491.000 |
|
TOTAL LIABILITIES |
386.291.000 |
360.603.000 |
387.815.000 |
|
Called Up Share Capital |
500.000 |
500.000 |
500.000 |
|
Share Premium |
0 |
0 |
0 |
|
Revenue Reserves |
49.262.000 |
57.785.000 |
117.452.000 |
|
Other Reserves |
100.000 |
-11.215.000 |
-70.250.000 |
|
TOTAL SHAREHOLDERS EQUITY |
49.862.000 |
47.070.000 |
47.702.000 |
|
Other Financials |
||||||
|
Contingent
Liabilities |
0 |
0 |
0 |
|||
|
Working Capital |
236.653.000 |
217.886.000 |
213.313.000 |
|||
|
Net Worth |
49.862.000 |
43.265.000 |
47.702.000 |
|||
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|
||||||
|
Pre-Tax Profit Margin |
7.73 % |
2.75 % |
13.44 % |
|||
|
Return On Capital Employed |
8.61 % |
2.42 % |
12.91 % |
|||
|
Return On Total Assets Employed |
11.67 % |
3.21 % |
17.72 % |
|||
|
Return On Net Assets Employed |
102.04 % |
27.82 % |
161.79 % |
|||
|
Sales/Net Working Capital |
2.78 |
2.18 |
2.69 |
|||
|
Stock Turnover Ratio |
31.32 % |
45.90 % |
44.30 % |
|||
|
Debtor Days |
52.59 |
51.38 |
41.45 |
|||
|
Creditor Days |
27.64 |
23.27 |
28.25 |
|||
|
Current Ratio |
2.53 |
2.64 |
2.31 |
|||
|
Liquidity Ratio/Acid Test |
1.20 |
1.00 |
0.75 |
|||
|
Current Debt Ratio |
3.11 |
2.83 |
3.40 |
|||
|
Gearing |
402.11 % |
419.38 % |
414.63 % |
|||
|
Equity In Percentage |
11.44 % |
11.67 % |
10.96 % |
|||
|
Total Debt Ratio |
7.75 |
7.66 |
|
|||
FOREIGN EXCHANGE RATES
Na
ADDITIONAL INFORMATION
|
Main Address |
||
|
Address |
Country |
Telephone |
|
Box 2266, 33102 VÄRNAMO |
SWEDEN |
0370-696900 |
|
Other Address |
|
|
Address |
Country |
|
Stenvägen 2, HALLSTAHAMMAR 73432 |
SWEDEN |
|
Hantverksgatan 70, OSKARSHAMN 57257 |
SWEDEN |
|
Strandgatan 9, ÖRNSKÖLDSVIK 89133 |
SWEDEN |
|
Email Addresses |
|
info@bufab.com |
|
Web Pages |
|
www.bufab.com |
Other Information
|
Employee
Information |
|
|
Year |
Number of
Employees |
|
2010 |
88 |
|
2009 |
78 |
|
2008 |
85 |
|
2007 |
81 |
|
2006 |
78 |
|
Advisors |
|
|
Auditor Name |
Öhrlings PricewaterhouseCoopers AB |
Additional Information
|
Tax
Registrations |
|
|
Registered for
FTax |
Yes |
|
Registered for
VAT |
Yes |
|
Registered for
Employee Tax |
Yes |
|
Certificates |
||
|
Type |
Category |
Issuer |
|
No certificate information for this company. |
|
|
|
Industry
Comparison |
|
|
Activity Code |
46741 |
|
Activity
Description |
Wholesale of hardware |
|
Industry Average
Credit Rating |
77 (1 - 100) |
|
Industry Average
Credit Limit |
1.010.000 SEK |
|
Event History |
|
|
Event Date |
Event
Description |
|
20/07/2011 |
Annual account, new |
|
05/07/2011 |
Annual report (PDF), new |
|
26/05/2010 |
Annual account, new |
|
24/05/2010 |
Annual report (PDF), new |
|
22/07/2009 |
Annual account, new |
|
06/07/2009 |
Annual report (PDF), new |
|
12/06/2008 |
Annual account, new |
|
02/06/2008 |
Annual report (PDF), new |
|
10/07/2007 |
Annual account, new |
NOTES & COMMENTS
Na
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.16 |
|
UK Pound |
1 |
Rs.72.10 |
|
Euro |
1 |
Rs.63.10 |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
---- |
NB |
New Business |
---- |
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 and their relative weights (as indicated through
%) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.