MIRA INFORM REPORT

 

 

Report Date :           

24.08.2011

 

IDENTIFICATION DETAILS

 

Name :

FRED HOLMBERG & CO AB

 

 

Registered Office :

Geijersgatan 8, Limhamn, 21618

 

 

Country :

Sweden

 

 

Financials (as on) :

30.06.2010

 

 

Year of Establishment :

 1993   

 

 

Com. Reg. No.:

5564614807

 

 

Legal Form :

Private Independent Company

 

 

Line of Business :

Merchant Wholesale Distribution of chemicals and allied products (except agricultural and medicinal chemicals, paints and varnishes, fireworks, and plastics materials and basic forms and shapes).

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Moderate

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

 

Company name & address 

 Bottom of Form

 

Fred Holmberg & Co AB

Geijersgatan 8

Limhamn, 21618

Sweden

Tel:       +46 40 15 79 20

Fax:      +46 40 16 22 95

 Web:   www.holmberg.se

 

 

Synthesis  

 

Employees:                  35

Company Type:            Private Independent

Incorporation Date:         1993   

Financials in:                 USD (Millions)

Fiscal Year End:            30-Jun-2010

Reporting Currency:       Swedish Krona

Annual Sales:               72.0

Net Income:                  1.5

Total Assets:                 26.3

 

 

Business Description     

 

Fred Holmberg & Co AB is primarily engaged in the merchant wholesale distribution of chemicals and allied products (except agricultural and medicinal chemicals, paints and varnishes, fireworks, and plastics materials and basic forms and shapes).

 

Industry

Industry            Chemical Manufacturing

ANZSIC 2006:    3323 - Industrial and Agricultural Chemical Product Wholesaling

NACE 2002:      5155 - Wholesale of chemical products

NAICS 2002:     424690 - Other Chemical and Allied Products Merchant Wholesalers

UK SIC 2003:    5155 - Wholesale of chemical products

US SIC 1987:    5169 - Chemicals and Allied Products, Not Elsewhere Classified

 

           

Key Executives   

 

Name

Title

Fred Rene Holmberg

verkst dir, ledamot och ordforande

Lina Holmberg

Finance Manager, ledamot

Aulis Arvinen

ledamot

Lars Roland Bredwad

ledamot

Max Johan Holmberg

ledamot

 

 

Corporate Overview

 

Location

Geijersgatan 8

Limhamn, 21618

Sweden

Tel:       +46 40 15 79 20

Fax:      +46 40 16 22 95

Web:    www.holmberg.se

           

Sales SEK(mil):             523.7

Assets SEK(mil):           204.7

Employees:                   35

Fiscal Year End:            30-Jun-2010

Industry:                        Chemical Manufacturing

Incorporation Date:         1993

Company Type:             Private Independent

Quoted Status:              Not Quoted

Registered No.(SWE):    5564614807

verkst dir,

ledamot och ordforande: Fred Rene Holmberg

 

Contents

·         Industry Codes

·         Business Description

·         Financial Data

·         Key Corporate Relationships

 

Industry Codes

 

ANZSIC 2006 Codes:

1709     -          Other Petroleum and Coal Product Manufacturing

182       -          Basic Polymer Manufacturing

1701     -          Petroleum Refining and Petroleum Fuel Manufacturing

1821     -          Synthetic Resin and Synthetic Rubber Manufacturing

3323     -          Industrial and Agricultural Chemical Product Wholesaling

1812     -          Basic Organic Chemical Manufacturing

 

NACE 2002 Codes:

2414     -          Manufacture of other organic basic chemicals

515       -          Wholesale of non-agricultural intermediate products, waste and scrap

5155     -          Wholesale of chemical products

2416     -          Manufacture of plastics in primary forms

2320     -          Manufacture of refined petroleum products

2417     -          Manufacture of synthetic rubber in primary forms

 

NAICS 2002 Codes:

324       -          Petroleum and Coal Products Manufacturing

32521   -          Resin and Synthetic Rubber Manufacturing

324110  -          Petroleum Refineries

4246     -          Chemical and Allied Products Merchant Wholesalers

324191  -          Petroleum Lubricating Oil and Grease Manufacturing

42469   -          Other Chemical and Allied Products Merchant Wholesalers

324199  -          All Other Petroleum and Coal Products Manufacturing

424690  -          Other Chemical and Allied Products Merchant Wholesalers

325199  -          All Other Basic Organic Chemical Manufacturing

3241     -          Petroleum and Coal Products Manufacturing

325211  -          Plastics Material and Resin Manufacturing

3252     -          Resin, Synthetic Rubber, and Artificial & Synthetic Fibers & Filaments Manufact.

32411   -          Petroleum Refineries

325212  -          Synthetic Rubber Manufacturing

 

US SIC 1987:

2869     -          Industrial Organic Chemicals, Not Elsewhere Classified

5169     -          Chemicals and Allied Products, Not Elsewhere Classified

2911     -          Petroleum Refining

282       -          Plastics Materials and Synthetic Resins

2992     -          Lubricating Oils and Greases

2821     -          Plastics Materials, Synthetic Resins, and Nonvulcanizable Elastomers

2999     -          Products of Petroleum and Coal, Not Elsewhere Classified

29         -          Petroleum Refining and Related Industries

2822     -          Synthetic Rubber (Vulcanizable Elastomers)

516       -          Chemicals and Allied Products

 

UK SIC 2003:

2414     -          Manufacture of other organic basic chemicals

2416     -          Manufacture of plastics in primary forms

2320     -          Manufacture of refined petroleum products

2417     -          Manufacture of synthetic rubber in primary forms

515       -          Wholesale of non-agricultural intermediate products, waste and scrap

5155     -          Wholesale of chemical products

 

Business Description

Fred Holmberg & Co AB is primarily engaged in the merchant wholesale distribution of chemicals and allied products (except agricultural and medicinal chemicals, paints and varnishes, fireworks, and plastics materials and basic forms and shapes).

 

Financial Data

Financials in:

SEK(mil)

 

Revenue:

523.7

Net Income:

11.0

Assets:

204.7

Total Liabilities:

172.2

 

 

 

Date of Financial Data:

30-Jun-2010

 

1 Year Growth

NA

NA

NA

 

 

 

 

 

 

 

 

Key Corporate Relationships

Bank:

Nordea

 

 

 

 

 

 

Executive report

 

Board of Directors

 

Name

Title

Function

 

Aulis Arvinen

 

ledamot

Director/Board Member

 

Lars Roland Bredwad

 

ledamot

Director/Board Member

 

Max Johan Holmberg

 

ledamot

Director/Board Member

 

Fred René Holmberg

 

verkst dir, ledamot och ordforande

Director/Board Member

 

Lina Holmberg

 

Finance Manager, ledamot

Director/Board Member

 

Per Inge Pettersson

 

ledamot

Director/Board Member

 

Kaj Arne Soderstrom

 

ledamot

Director/Board Member

 

 

Executives

 

Name

Title

Function

 

Fred Rene Holmberg

 

verkst dir, ledamot och ordforande

Managing Director

 

Lina Holmberg

 

Finance Manager, ledamot

Finance Executive

 

 

 

Annual profit & loss

 

 

 

 

30-Jun-2010

30-Jun-2009

30-Jun-2008

Period Length

12 Months

12 Months

12 Months

Filed Currency

SEK

SEK

SEK

Exchange Rate (Period Average)

7.270479

7.593784

6.359406

Consolidated

Yes

Yes

Yes

 

 

 

 

Total Revenue

72.8

66.5

57.9

Gross Profit

2.7

3.1

2.1

Net Financial Items

-0.1

-0.2

-0.5

Operating Income

2.1

2.8

1.8

Income Before Tax

2.0

2.5

1.4

Net Income

1.5

1.8

0.9

 

Annual Balance Sheet

 

Financials in: USD (mil)

 

 

 

30-Jun-2010

30-Jun-2009

30-Jun-2008

Filed Currency

SEK

SEK

SEK

Exchange Rate

7.782

7.74785

6.01535

Consolidated

Yes

Yes

Yes

 

 

 

 

Total Assets

26.3

17.2

23.2

Total Liabilities

22.1

13.7

20.3

Total Equity

4.2

3.4

2.8

 

 

Annual Ratios

 

 

 

 

30-Jun-2010

30-Jun-2009

30-Jun-2008

Period Length

12 Months

12 Months

12 Months

Filed Currency

-

-

-

Exchange Rate

-

-

-

Consolidated

Yes

Yes

Yes

 

 

 

 

Operating Margin

2.98

4.21

3.21

Current Ratio

141.83

128.16

179.65

Total debt/total equity

15.87

19.95

12.19

Return on average equity

45.45

72.70

50.74

 

 

Annual Growth Rates

 

 

 

 

30-Jun-2009

30-Jun-2008

Period Length

12 Months

12 Months

Filed Currency

-

-

Exchange Rate

-

-

Consolidated

Yes

Yes

 

 

 

Turnover Percent Change

4.74%

37.12%

Marginal Contribution Percent Change

-16.57%

74.26%

Net Financial Items Percent Change

59.15%

38.47%

Operating Results Percent Change

-26.68%

81.03%

Profit/Loss Before Tax Percent Change

-23.49%

123.75%

Profit/Loss for the Year Percent Change

-19.72%

144.26%

Assets Percent Change

53.90%

-4.57%

Debts Percent Change

61.76%

-13.00%

Equity Capital Percent Change

22.40%

56.15%

Operating Margin Percent Change

-29.22%

31.15%

Current Ratio Percent Change

10.67%

-28.66%

Debt/Equity Ratio Percent Change

-20.45%

63.66%

Retun On Equity Percent Change

-37.48%

43.28%

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.45.69

UK Pound

1

Rs.75.29

Euro

1

Rs.65.77

 

 

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%)

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.