MIRA INFORM REPORT
|
Report Date : |
13.12.2011 |
IDENTIFICATION DETAILS
|
Name : |
ROXTEC INTERNATIONAL AKTIEBOLAG |
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|
|
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Registered Office : |
37123 Karlskrona |
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Country : |
Sweden |
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|
|
Financials (as on) : |
2010 |
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|
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Date of Incorporation : |
13.09.1989 |
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Com. Reg. No.: |
5563708063 |
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|
|
Legal Form : |
Limited Liability Company |
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|
|
|
Line of Business : |
Manufacture of other rubber products |
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|
|
|
No. of Employees
: |
Not Available |
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 : |
2.550.000 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 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
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 |
|
Off-credit |
D |
REGISTERED NAME & COMPANY
SUMMARY
Company Summary
|
Business Name |
Roxtec
International Aktiebolag |
|
Country |
SWEDEN |
|
Company Registration Number |
5563708063 |
|
Main Activity |
Manufacture of other rubber products |
|
Activity Code |
22190 |
|
Company Status |
Active |
|
Latest Turnover Figure |
548.258.000 SEK |
|
Latest Shareholder Equity Figure |
15.071.000 SEK |
Company Information
|
Basic Information |
|
|
Business Name |
Roxtec International Aktiebolag |
|
Registered Company Name |
Roxtec International Aktiebolag |
|
Company Registration Number |
5563708063 |
|
Country |
SWEDEN |
|
VAT Registration Number |
SE556370806301 |
|
Date of Company Registration |
13/09/1989 |
|
Legal Form |
Limited liability company |
|
Company Status |
Active |
|
Currency of this Report |
SEK |
|
Principal Activity Description |
Bolaget skall bedriv tillverkning samt handels- och agentur- rörelse
inom tätningssystem, direkt eller indirekt genom hel- eller delägda
dotterbolag i Sverige och utomlands samt idka handel med och förvalta aktier
i företag i branschen samt idka (The company is engaged in
manufacturing and trade and agency
business in sealing systems, directly or indirectly through wholly or partially owned subsidiaries in
Sweden and abroad and carry on
trade with and manage shares in
companies in the industry and carry on) |
|
Contact Address |
37123 KARLSKRONA |
|
Contact Telephone Number |
0455-366700 |
CREDIT RECOMENDATION
Current Credit Limit: 2.550.000 SEK
DIRECTORS/MANAGEMENT
Directors/Managers
|
Current Directors |
|||
|
Name |
Appointment Date |
Position |
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|
Hans Torgny Stråberg |
19/09/2011 |
Actual Member of Board |
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|
Carl-Gustav Mauritz Mattson |
11/08/2010 |
Actual Member of Board |
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|
Stig Thomas Orvar Magnusson |
07/09/2005 |
Actual Member of Board |
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|
Previous Directors |
|||
|
Name |
Appointment Date |
Position |
Resignation Date |
|
Rolf Alex Hertvid Bergström |
01/06/2007 |
Actual Member of Board |
19/09/2011 |
|
Pär Fredrik Roland Hansson |
24/02/2005 |
Actual Member of Board |
11/08/2010 |
|
Erik Mikael Blomqvist |
18/12/1991 |
Actual Member of Board |
01/06/2007 |
NEGATIVE INFORMATION
No negative information found.
SHARE & SHARE CAPITAL
INFORMATION
Share Capital Structure
|
Issued Share Capital |
1.000.000 SEK |
PAYMENT INFORMATION
Na
GROUP STRUCTURE & AFFILIATED
COMPANIES
Group Structure
|
Ultimate Holding Parent |
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|
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Ultimate Holding Company Name |
Mellby Gård Holding AB |
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Ultimate Holding Company Country |
SWEDEN |
5565630323 |
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Immediate Holding Parent |
|
No information for this company. |
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Subsidiary Companies |
||
|
Subsidiary Name |
Country |
Number |
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No subsidiaries for this company. |
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|
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Affiliates |
||
|
Affiliate Name |
Country |
Number |
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No affiliates for this company. |
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FINANCIAL INFORMATION
Financial Information
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Profit and Loss |
|||
|
Financial Year |
2010 |
2009 |
2008 |
|
Number of Weeks |
52 |
52 |
52 |
|
Currency |
SEK |
SEK |
SEK |
|
Conslotidated Accounts |
N |
N |
N |
|
Revenue |
550.494.000 |
592.870.000 |
532.066.000 |
|
Operating Costs |
480.856.000 |
504.034.000 |
472.134.000 |
|
Operating Profit |
69.638.000 |
88.836.000 |
59.932.000 |
|
Wages & Salaries |
- |
- |
- |
|
Depreciation |
- |
- |
- |
|
Financial Income |
18.000 |
295.000 |
2.042.000 |
|
Financial Expenses |
-1.809.000 |
-1.792.000 |
-1.995.000 |
|
Extraordinary Income |
- |
- |
- |
|
Extraordinary Costs |
-1.809.000 |
-1.792.000 |
-1.995.000 |
|
Profit before Tax |
67.847.000 |
87.339.000 |
59.979.000 |
|
Tax |
-17.886.000 |
-23.228.000 |
-19.016.000 |
|
Profit after Tax |
67.847.000 |
87.339.000 |
59.979.000 |
|
Minority Interests |
- |
- |
- |
|
Other Appropriations |
-1.400.000 |
-5.750.000 |
6.456.000 |
|
Retained Profit |
48.560.000 |
58.361.000 |
47.419.000 |
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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 |
44.566.000 |
49.215.000 |
36.078.000 |
|
Other Tangible Assets |
25.735.000 |
21.125.000 |
35.633.000 |
|
Total Tangible Assets |
70.301.000 |
70.340.000 |
71.711.000 |
|
Goodwill |
0 |
0 |
0 |
|
Other Intangible Assets |
0 |
0 |
0 |
|
Total Intangible Assets |
0 |
0 |
0 |
|
Loans To Group |
0 |
0 |
0 |
|
Other Loans |
0 |
0 |
0 |
|
Miscellaneous Fixed Assets |
0 |
0 |
0 |
|
Total Other Fixed Assets |
0 |
0 |
0 |
|
TOTAL FIXED ASSETS |
70.301.000 |
70.340.000 |
71.711.000 |
|
Work In Progress |
0 |
0 |
0 |
|
Other Inventories |
30.657.000 |
35.375.000 |
36.502.000 |
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Total Inventories |
30.657.000 |
35.375.000 |
36.502.000 |
|
Trade Receivables |
30.766.000 |
35.792.000 |
54.420.000 |
|
Group Receivables |
113.277.000 |
122.722.000 |
93.226.000 |
|
Miscellaneous Receivables |
31.557.000 |
32.234.000 |
38.501.000 |
|
Total Receivables |
175.600.000 |
190.748.000 |
186.147.000 |
|
Cash |
88.395.000 |
4.924.000 |
194.000 |
|
Other Current Assets |
0 |
0 |
0 |
|
TOTAL CURRENT ASSETS |
294.652.000 |
231.047.000 |
222.843.000 |
|
TOTAL ASSETS |
364.953.000 |
301.387.000 |
294.554.000 |
|
Trade Payables |
38.522.000 |
38.057.000 |
50.744.000 |
|
Bank Liabilities |
0 |
3.750.000 |
30.457.000 |
|
Group Payables |
247.123.000 |
179.009.000 |
149.039.000 |
|
Miscellaneous Liabilities |
41.037.000 |
37.737.000 |
22.054.000 |
|
TOTAL CURRENT LIABILITIES |
326.682.000 |
258.553.000 |
252.294.000 |
|
Bank Liabilities Due After 1 Year |
0 |
3.387.000 |
7.200.000 |
|
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 |
23.200.000 |
21.800.000 |
16.050.000 |
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TOTAL LONG TERM LIABILITIES |
23.200.000 |
25.187.000 |
23.250.000 |
|
TOTAL LIABILITIES |
349.882.000 |
283.740.000 |
275.544.000 |
|
Called Up Share Capital |
1.000.000 |
1.000.000 |
1.000.000 |
|
Share Premium |
0 |
0 |
0 |
|
Revenue Reserves |
34.948.000 |
99.127.000 |
85.550.000 |
|
Other Reserves |
-20.877.000 |
-82.480.000 |
-67.540.000 |
|
TOTAL SHAREHOLDERS EQUITY |
15.071.000 |
17.647.000 |
19.010.000 |
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Other Financials |
|||
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Contingent Liabilities |
9.764.000 |
2.077.000 |
1.449.000 |
|
Working Capital |
-32.030.000 |
-27.506.000 |
-29.451.000 |
|
Net Worth |
15.071.000 |
17.647.000 |
19.010.000 |
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Ratios |
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Pre-Tax Profit Margin |
12.32 % |
14.73 % |
11.27 % |
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Return On Capital Employed |
9.81 % |
15.60 % |
10.97 % |
|
Return On Total Assets Employed |
18.59 % |
28.98 % |
20.36 % |
|
Return On Net Assets Employed |
450.18 % |
494.92 % |
315.51 % |
|
Sales/Net Working Capital |
-17.19 |
-21.55 |
-18.07 |
|
Stock Turnover Ratio |
5.57 % |
5.97 % |
6.86 % |
|
Debtor Days |
20.40 |
22.04 |
37.33 |
|
Creditor Days |
25.54 |
23.43 |
34.81 |
|
Current Ratio |
0.90 |
0.89 |
0.88 |
|
Liquidity Ratio/Acid Test |
0.81 |
0.76 |
0.74 |
|
Current Debt Ratio |
21.68 |
14.65 |
13.27 |
|
Gearing |
|
40.44 % |
198.09 % |
|
Equity In Percentage |
4.13 % |
5.86 % |
6.45 % |
|
Total Debt Ratio |
23.22 |
16.08 |
14.49 |
FOREIGN EXCHANGE RATES
Na
ADDITIONAL INFORMATION
|
Activities |
|
|
Activity Code |
Activity Description |
|
22190 |
Manufacture of other rubber products |
|
46741 |
Wholesale of hardware |
Contact Information
|
Main Address |
||
|
Address |
Country |
Telephone |
|
Box 540, 37123 KARLSKRONA |
SWEDEN |
0455-366700 |
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Other Address |
|
|
Address |
Country |
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No other addresses for this company. |
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|
Email Addresses |
|
No information for this company. |
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Web Pages |
|
www.roxtec.se |
Other Information
|
Employee Information |
|
|
Year |
Number of Employees |
|
2010 |
157 |
|
2009 |
149 |
|
2008 |
133 |
|
2007 |
116 |
|
2006 |
89 |
|
Advisors |
|
|
Auditor Name |
Deloitte AB |
Additional Information
|
Tax Registrations |
|
|
Registered for Tax |
Yes |
|
Registered for VAT |
Yes |
|
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 |
|
|
Activity Code |
22190 |
|
Activity Description |
Manufacture of other rubber products |
|
Event History |
|
|
Event Date |
Event Description |
|
20/09/2011 |
Company representatives, changed |
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20/09/2011 |
Authorised signatory, changed |
|
20/09/2011 |
Board, changed |
|
03/02/2011 |
Annual account, new |
|
03/02/2011 |
Limit, decrease |
|
24/01/2011 |
Annual report (PDF), new |
|
12/08/2010 |
Authorised signatory, changed |
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12/08/2010 |
Board, changed |
|
12/08/2010 |
Company representatives, changed |
|
14/01/2010 |
Limit, increase |
|
14/01/2010 |
Annual account, new |
|
08/01/2010 |
Annual report (PDF), new |
|
08/12/2009 |
Limit, increase |
|
24/11/2009 |
Limit, decrease |
|
27/08/2009 |
Limit, decrease |
|
18/03/2009 |
Limit, decrease |
|
18/03/2009 |
Annual account, new |
|
05/03/2009 |
Annual report (PDF), new |
|
07/02/2008 |
Annual account, new |
|
06/08/2007 |
Annual account, new |
|
07/06/2007 |
Board, changed |
|
07/06/2007 |
Company representatives, changed |
|
06/06/2007 |
Board, changed |
|
06/06/2007 |
Company representatives, changed |
|
04/06/2007 |
Company representatives, changed |
|
04/06/2007 |
Authorized signatory, changed |
|
04/06/2007 |
Board, changed |
NOTES & COMMENTS
Na
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.52.42 |
|
UK Pound |
1 |
Rs.81.92 |
|
Euro |
1 |
Rs.69.94 |
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.