MIRA
INFORM REPORT
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Report Date : |
25.08.2011 |
IDENTIFICATION DETAILS
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Name : |
SKROTFRAG AB |
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Registered Office : |
Östra Nyebrovägen 3 Agnesberg, 42438 |
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Country : |
Sweden |
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Financials (as on) : |
31.12.2009 |
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Year of Establishment : |
1971 |
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Com. Reg. No.: |
5561596759 |
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Legal Form : |
Private Parent |
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Line of Business : |
Merchant wholesale distribution of automotive scrap, industrial scrap, and other recyclable materials |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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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
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Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
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Sweden |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
company name and address
Skrotfrag AB
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Business
Description
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Skrotfrag AB is primarily engaged in the merchant wholesale
distribution of automotive scrap, industrial scrap, and other recyclable
materials. Included in this industry are auto wreckers primarily engaged in
dismantling motor vehicles for the purpose of wholesaling scrap. |
Industry
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Industry |
Waste Management Services |
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ANZSIC 2006: |
3322 - Metal and Mineral Wholesaling |
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NACE 2002: |
5157 - Wholesale of waste and scrap |
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NAICS 2002: |
423930 - Recyclable Material Merchant
Wholesalers |
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UK SIC 2003: |
5157 - Wholesale of waste and scrap |
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US SIC 1987: |
5093 - Scrap and Waste Materials |
Key
Executives
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1 - Profit & Loss Item Exchange Rate: USD 1 = SEK 7.645194
2 - Balance Sheet Item Exchange Rate: USD 1 = SEK 7.1401
Corporate Overview
Corporate Structure News
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Skrotfrag AB |
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Company Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
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Parent |
Agnesberg, Västra Götaland |
Sweden |
Waste Management Services |
44.1 |
75 |
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Subsidiary |
Oskarshamn, Kalmar |
Sweden |
Miscellaneous Fabricated Products |
14.9 |
17 |
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Subsidiary |
Järna, Stockholm |
Sweden |
Miscellaneous Fabricated Products |
3.5 |
12 |
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Subsidiary |
Borås, Västra Götaland |
Sweden |
Auto and Truck Parts |
3.2 |
6 |
Executives Report
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31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
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Period Length |
12 Months |
12 Months |
12 Months |
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Filed Currency |
SEK |
SEK |
SEK |
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Exchange Rate
(Period Average) |
7.645194 |
6.599156 |
6.757461 |
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Consolidated |
Yes |
Yes |
Yes |
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Total Revenue |
45.0 |
77.0 |
71.0 |
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Gross Profit |
6.1 |
3.1 |
12.2 |
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Net Financial Items |
0.6 |
-0.1 |
0.1 |
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Operating Income |
3.6 |
0.3 |
10.0 |
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Income Before Tax |
4.1 |
0.2 |
9.7 |
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Net Income |
4.1 |
-0.4 |
6.8 |
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Annual Balance
Sheet |
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Financials in:
USD (mil) |
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31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
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Filed Currency |
SEK |
SEK |
SEK |
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Exchange Rate |
7.1401 |
7.90795 |
6.4632 |
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Consolidated |
Yes |
Yes |
Yes |
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Total Assets |
47.1 |
36.9 |
49.9 |
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Total Liabilities |
16.5 |
13.0 |
19.2 |
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Total Equity |
30.6 |
24.0 |
30.7 |
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Annual Ratios |
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31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
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Period Length |
12 Months |
12 Months |
12 Months |
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Filed Currency |
- |
- |
- |
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Exchange Rate |
- |
- |
- |
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Consolidated |
Yes |
Yes |
Yes |
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Operating Margin |
9.71 |
0.96 |
14.48 |
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Current Ratio |
312.18 |
249.42 |
256.20 |
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Total debt/total equity |
65.04 |
64.91 |
61.57 |
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Return on average equity |
14.74 |
0.69 |
34.41 |
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Annual Growth
Rates |
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31-Dec-2008 |
31-Dec-2007 |
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Period Length |
12 Months |
12 Months |
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Filed Currency |
- |
- |
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Exchange Rate |
- |
- |
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Consolidated |
Yes |
Yes |
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Turnover Percent Change |
-32.27% |
6.00% |
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Marginal Contribution Percent Change |
127.80% |
-75.03% |
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Net Financial Items Percent Change |
844.55% |
-231.74% |
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Operating Results Percent Change |
1,284.83% |
-97.10% |
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Profit/Loss Before Tax Percent Change |
2,388.54% |
-98.05% |
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Profit/Loss for the Year Percent Change |
1,247.55% |
-105.94% |
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Assets Percent Change |
15.09% |
-9.55% |
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Debts Percent Change |
14.69% |
-17.41% |
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Equity Capital Percent Change |
15.31% |
-4.64% |
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Operating Margin Percent Change |
911.46% |
-93.37% |
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Current Ratio Percent Change |
25.16% |
-2.65% |
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Debt/Equity Ratio Percent Change |
0.20% |
5.42% |
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Retun On Equity Percent Change |
2,036.23% |
-97.99% |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.45.77 |
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1 |
Rs.75.57 |
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Euro |
1 |
Rs.65.97 |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NB |
New Business |
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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.