MIRA INFORM
REPORT
|
Report Date : |
08.12.2011 |
IDENTIFICATION DETAILS
|
Correct Name : |
XYLEM WATER SOLUTIONS SWEDEN HOLDINGS AB |
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Registered Office : |
17453 Sundbyberg |
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Country : |
Sweden |
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Financials (as on) : |
2010 |
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Date of Incorporation : |
22.05.2009 |
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Com. Reg. No.: |
Se556782925301 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Activities of head offices |
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No. of Employees
: |
13 Persons |
RATING & COMMENTS
|
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 |
|
Maximum Credit Limit : |
1.850.000 SEK |
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Status : |
Good |
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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 – September 30th, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
Sweden |
a2 |
a2 |
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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 |
REGISTERED NAME & COMPANY
SUMMARY
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Business Name |
Xylem Water Solutions Sweden Holdings AB |
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Country |
SWEDEN |
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Company Registration Number |
5567829253 |
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Main Activity |
Activities of head offices |
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Activity Code |
70100 |
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Company Status |
Active |
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Latest Turnover Figure |
- |
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Latest Shareholder Equity Figure |
564.797.000 SEK |
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Credit Limit |
1.850.000 SEK |
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Basic
Information |
||
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Business Name |
Xylem Water Solutions Sweden Holdings AB |
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Registered Company Name |
Xylem Water Solutions Sweden Holdings AB |
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Company Registration Number |
5567829253 |
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Country |
SWEDEN |
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VAT Registration Number |
SE556782925301 |
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Date of Company Registration |
22/05/2009 |
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Legal Form |
Limited liability company |
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Company Status |
Active |
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Currency of this Report |
SEK |
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Principal Activity Description |
Bolaget skall direkt eller indirekt via dotterbolag bedriva gjuteriverksamhet och verkstadsmekaniskverksamhet, tillverka och sälja utrustning, produkter, reservdelar och system för hantering, rening och transport av vatten, tillhandahålla service (The Company shall directly or indirectly through subsidiaries engage in the foundry business and engineering mechanical operations, manufacturing and selling equipment, products, parts and systems for handling, treatment and transport of water, provide service) |
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Contact Address |
17453 SUNDBYBERG |
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Contact Telephone Number |
0471-247000 |
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Activities |
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Activity Code |
Activity
Description |
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70100 |
Activities of head offices |
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CREDIT RECOMMENDATION
Current Credit Limit: 1.850.000 SEK
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Previous Credit Limit |
1.850.000 SEK |
DIRECTORS/MANAGEMENT
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Current Directors |
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Name |
Appointment Date |
Position |
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Ylva Marta Elisabeth Lindquist |
18/09/2009 |
Actual Member of Board |
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Kuchenbrod, Michael Lee |
27/06/2011 |
Actual Member of Board |
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Ulf Henrik Arbeus |
17/12/2009 |
Actual Member of Board |
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Mc Clain, Gretchen Walker |
17/12/2009 |
Actual Member of Board |
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Karl Gert Ingvar Nylander |
17/12/2009 |
Actual Member of Board |
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Roy Kenneth Uno Filipsson |
17/12/2009 |
Actual Member of Board |
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Timothy Scott Nelson |
01/12/2010 |
Actual Member of Board |
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Nils Ronny Jörgen Linell |
17/12/2009 |
Substitute |
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Per-Olof Waldemar Sjökvist |
17/12/2009 |
Substitute |
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Sonja Renate Wiedenhoeft Palmqvist |
17/12/2009 |
Substitute |
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Previous Directors |
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Name |
Appointment Date |
Position |
Resignation Date |
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John Patrick Williamson |
17/12/2009 |
Actual Member of Board |
27/06/2011 |
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Seeger, Gerhard Christian |
17/12/2009 |
Actual Member of Board |
01/12/2010 |
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Inger Kristina Nyström |
17/12/2009 |
Substitute |
01/12/2010 |
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Furkel, Wolfgang |
18/09/2009 |
Actual Member of Board |
17/12/2009 |
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Richey, Keith |
18/09/2009 |
Actual Member of Board |
17/12/2009 |
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Lars Anders Larsson |
22/05/2009 |
Actual Member of Board |
18/09/2009 |
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Jan Totte Dahlin |
22/05/2009 |
Substitute |
18/09/2009 |
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Jan Anders Fredrik Lovén |
22/05/2009 |
Substitute |
18/09/2009 |
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NEGATIVE INFORMATION
Negative Information
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Debt balance at the Swedish Enforcement Agency |
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Number of Private Claims |
- |
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Balance of Private Claims |
- |
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Number of Public Claims |
- |
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Balance of Public Claims |
- |
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Total Balance |
- |
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Record of non-payment |
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Number of distraint attempts and repossessions |
- |
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Number of public claims |
- |
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Number of private claims |
- |
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Number of applications for an order to pay |
- |
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Number of reclaimed/revoked applications |
- |
SHARE & SHARE CAPITAL
INFORMATION
Share Capital Structure
|
Issued Share Capital |
100.000 SEK |
PAYMENT INFORMATION
Na
GROUP STRUCTURE & AFFILIATED
COMPANIES
Group Structure
|
Ultimate Holding
Parent |
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No information for this company. |
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Immediate
Holding Parent |
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No information for this company. |
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Subsidiary
Companies |
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Subsidiary Name |
Country |
Number |
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Xylem Water Solutions AB |
SWEDEN |
5560109422 |
|
ITT WATER & WATSTEWATER PERU SA |
PERU |
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Affiliates |
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Affiliate Name |
Country |
Number |
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No affiliates for this company. |
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FINANCIAL INFORMATION
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Profit and Loss |
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Financial
Year |
2010 |
2009 |
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Number of Weeks |
52 |
35 |
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Currency |
SEK |
SEK |
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Consolidated Accounts |
N |
N |
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Revenue |
22.900.000 |
10.700.000 |
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Operating Costs |
57.809.000 |
27.337.000 |
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Operating Profit |
-34.909.000 |
-16.637.000 |
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Wages & Salaries |
- |
- |
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Depreciation |
- |
- |
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Financial Income |
2.018.000 |
2.787.000 |
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Financial Expenses |
-492.595.000 |
-116.763.000 |
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Extraordinary Income |
- |
- |
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Extraordinary Costs |
-492.595.000 |
-116.763.000 |
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Profit before Tax |
455.374.000 |
5.327.000 |
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Tax |
288.000 |
-197.000 |
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Profit after Tax |
455.374.000 |
5.327.000 |
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Minority Interests |
- |
- |
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Other Appropriations |
- |
- |
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Retained Profit |
455.662.000 |
5.130.000 |
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Balance Sheet |
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Financial Year |
2010 |
2009 |
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Number of Weeks |
52 |
35 |
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Currency |
SEK |
SEK |
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Consolidated
Accounts |
N |
N |
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Land & Buildings |
0 |
0 |
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Plant & Machinery |
0 |
0 |
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Other Tangible Assets |
0 |
0 |
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Total Tangible Assets |
0 |
0 |
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Goodwill |
0 |
0 |
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Other Intangible Assets |
0 |
0 |
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Total Intangible Assets |
0 |
0 |
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Loans To Group |
0 |
0 |
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Other Loans |
0 |
0 |
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Miscellaneous Fixed Assets |
8.669.420.000 |
7.761.731.000 |
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Total Other Fixed Assets |
8.669.420.000 |
7.761.731.000 |
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TOTAL FIXED ASSETS |
8.669.420.000 |
7.761.731.000 |
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Work In Progress |
0 |
0 |
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Other Inventories |
0 |
0 |
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Total Inventories |
0 |
0 |
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Trade Receivables |
0 |
0 |
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Group Receivables |
823.628.000 |
1.114.940.000 |
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Miscellaneous Receivables |
19.666.000 |
17.523.000 |
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Total Receivables |
843.294.000 |
1.132.463.000 |
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Cash |
0 |
100.000 |
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Other Current Assets |
0 |
0 |
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TOTAL CURRENT ASSETS |
843.294.000 |
1.132.563.000 |
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TOTAL ASSETS |
9.512.714.000 |
8.894.294.000 |
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Trade Payables |
0 |
88.000 |
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Bank Liabilities |
0 |
0 |
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Group Payables |
200.024.000 |
86.022.000 |
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Miscellaneous Liabilities |
70.287.000 |
84.882.000 |
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TOTAL CURRENT LIABILITIES |
270.311.000 |
170.992.000 |
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Bank Liabilities Due After 1 Year |
0 |
0 |
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Other Loans Or Finance Due After 1 Year |
0 |
0 |
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Group Payables After 1 Year |
0 |
0 |
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Miscellaneous Liabilities Due After 1 Year |
37.546.000 |
32.654.000 |
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TOTAL LONG TERM LIABILITIES |
8.677.606.000 |
7.782.052.000 |
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TOTAL LIABILITIES |
8.947.917.000 |
7.953.044.000 |
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Called Up Share Capital |
100.000 |
100.000 |
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Share Premium |
0 |
0 |
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Revenue Reserves |
564.697.000 |
941.150.000 |
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Other Reserves |
0 |
0 |
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TOTAL SHAREHOLDERS EQUITY |
564.797.000 |
941.250.000 |
Other Financials |
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Contingent Liabilities |
269.000 |
221.000 |
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Working Capital |
572.983.000 |
961.571.000 |
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Net Worth |
564.797.000 |
941.250.000 |
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Ratios |
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Pre-Tax Profit Margin |
1988.53 % |
49.79 % |
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Return On Capital Employed |
4.65 % |
0.06 % |
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Return On Total Assets Employed |
4.79 % |
0.06 % |
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Return On Net Assets Employed |
80.63 % |
0.57 % |
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Sales/Net Working Capital |
0.04 |
0.01 |
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Stock Turnover Ratio |
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Debtor Days |
0.00 |
0.00 |
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Creditor Days |
0.00 |
3.00 |
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Current Ratio |
3.12 |
6.62 |
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Liquidity Ratio/Acid Test |
3.12 |
6.62 |
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Current Debt Ratio |
0.48 |
0.18 |
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Gearing |
1529.76 % |
823.31 % |
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Equity In Percentage |
66.98 % |
83.11 % |
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Total Debt Ratio |
15.84 |
8.45 |
FOREIGN EXCHANGE RATES
Na
ADDITIONAL INFORMATION
Contact Information
|
Main Address |
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|
Address |
Country |
Telephone |
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Gesällvägen 33, 17453 SUNDBYBERG |
SWEDEN |
0471-247000 |
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Other Address |
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Address |
Country |
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No other addresses for this company. |
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Email Addresses |
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No information for this company. |
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Web Pages |
|
www.itt.se |
Other Information
|
Employee
Information |
|
|
Year |
Number of
Employees |
|
2010 |
13 |
|
2009 |
12 |
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Advisors |
|
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Auditor Name |
Deloitte AB |
Additional Information
|
Tax
Registrations |
|
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Registered for
FTax |
Yes |
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Registered for
VAT |
Yes |
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Registered for
Employee Tax |
Yes |
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Certificates |
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|
Type |
Category |
Issuer |
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No certificate information for this company. |
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Industry
Comparison |
|
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Activity Code |
70100 |
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Activity Description |
Activities of head offices |
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Industry Average Credit Limit |
11.082.000 SEK |
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Event History |
|
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Event Date |
Event Description |
|
22/11/2011 |
Company name, changed (old name: ITT Sweden AB) |
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22/11/2011 |
Company business activity, changed |
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09/08/2011 |
Annual account, new |
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09/08/2011 |
Limit, increase |
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09/08/2011 |
Group annual accout, new |
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14/07/2011 |
Annual report (PDF), new |
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28/06/2011 |
Board, changed |
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28/06/2011 |
Company representatives, changed |
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28/06/2011 |
Authorised signatory, changed |
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02/12/2010 |
Company representatives, changed |
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02/12/2010 |
Authorised signatory, changed |
|
02/12/2010 |
Board, changed |
|
13/08/2010 |
Annual account, new |
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13/08/2010 |
Limit, increase |
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05/08/2010 |
Annual report (PDF), new |
|
25/02/2010 |
Company representatives, changed |
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25/02/2010 |
Authorised signatory, changed |
|
25/02/2010 |
Board, changed |
|
04/02/2010 |
Employment tax, changed |
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04/02/2010 |
VAT, changed |
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04/02/2010 |
Company tax, changed |
|
31/12/2009 |
Merge information, changed |
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18/12/2009 |
Place of residence, changed |
|
18/12/2009 |
Company representatives, changed |
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18/12/2009 |
Board, changed |
|
18/12/2009 |
Authorised signatory, changed |
|
26/10/2009 |
Merge information, changed |
|
21/09/2009 |
Board, changed |
|
21/09/2009 |
Address, changed |
|
21/09/2009 |
Company business activity, changed |
|
21/09/2009 |
Company name, changed (old name: Goldcup 4780 AB) |
|
21/09/2009 |
Company representatives, changed |
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21/09/2009 |
Authorised signatory, changed |
|
25/05/2009 |
Authorised signatory, changed |
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25/05/2009 |
Board, changed |
|
25/05/2009 |
Company business activity, changed |
|
25/05/2009 |
Company representatives, changed |
NOTES & COMMENTS
Na
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.51.45 |
|
UK Pound |
1 |
Rs.80.38 |
|
Euro |
1 |
Rs.69.12 |
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.