MIRA
INFORM REPORT
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Report Date : |
11.11.2011 |
IDENTIFICATION DETAILS
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Name : |
FALKENBERG RECYCLING AB |
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Registered Office : |
Hansagårdsvägen 1 Falkenberg, 31123 |
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Country : |
Sweden |
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Financials (as on) : |
31.12.2010 |
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Year of Establishment : |
1994 |
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Com. Reg. No.: |
5565201513 |
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Legal Form : |
Private Independent |
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Line of Business : |
Other retail sale in specialised stores |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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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 30, 2011
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Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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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
Falkenberg Recycling AB
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Business
Description
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Falkenberg Recycling AB is primarily engaged in retailing fuels
(except liquefied petroleum gas and heating oil) via direct selling. |
Industry
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Industry |
Retail (Specialty) |
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ANZSIC 2006: |
4000 - Fuel Retailing |
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NACE 2002: |
5248 - Other retail sale in specialised
stores |
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NAICS 2002: |
454319 - Other Fuel Dealers |
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UK SIC 2003: |
5248 - Other retail sale in specialised
stores |
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US SIC 1987: |
5989 - Fuel Dealers, Not Elsewhere
Classified |
Key Executives
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1 - Profit &
Loss Item Exchange Rate: USD 1 = SEK 7.206564
2 - Balance Sheet Item Exchange Rate: USD 1 = SEK 6.72285
Corporate Overview
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Executives Report
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Annual Profit & Loss
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31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
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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) |
7.206564 |
7.645194 |
6.599156 |
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Consolidated |
No |
No |
No |
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Total Revenue |
17.0 |
6.1 |
14.3 |
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Gross Profit |
2.1 |
0.6 |
1.7 |
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Net Financial Items |
-0.1 |
-0.1 |
-0.1 |
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Operating Income |
1.5 |
0.2 |
1.4 |
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Income Before Tax |
0.9 |
0.1 |
0.8 |
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Net Income |
0.7 |
0.1 |
0.6 |
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Annual Balance
Sheet |
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Financials in:
USD (mil) |
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31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
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Filed Currency |
SEK |
SEK |
SEK |
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Exchange Rate |
6.72285 |
7.1401 |
7.90795 |
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Consolidated |
No |
No |
No |
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Total Assets |
8.6 |
5.0 |
4.1 |
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Provisions |
1.4 |
0.8 |
0.7 |
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Total Liabilities |
5.7 |
3.3 |
2.7 |
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Total Equity |
1.6 |
0.8 |
0.7 |
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Annual Ratios |
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31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
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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 |
No |
No |
No |
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Operating Margin |
8.74 |
3.83 |
10.00 |
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Current Ratio |
166.17 |
117.76 |
141.12 |
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Total debt/total equity |
29.94 |
28.68 |
28.55 |
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Return on average equity |
56.99 |
12.41 |
95.15 |
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Annual Growth
Rates |
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31-Dec-2009 |
31-Dec-2008 |
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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 |
No |
No |
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Turnover Percent Change |
161.17% |
-50.44% |
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Marginal Contribution Percent Change |
209.66% |
-57.99% |
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Net Financial Items Percent Change |
-53.86% |
6.18% |
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Operating Results Percent Change |
497.32% |
-80.95% |
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Profit/Loss Before Tax Percent Change |
632.27% |
-83.17% |
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Profit/Loss for the Year Percent Change |
688.27% |
-83.93% |
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Assets Percent Change |
63.57% |
8.87% |
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Provisions Percent Change |
54.87% |
6.37% |
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Debts Percent Change |
61.10% |
8.83% |
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Equity Capital Percent Change |
82.30% |
11.66% |
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Operating Margin Percent Change |
128.20% |
-61.70% |
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Current Ratio Percent Change |
41.11% |
-16.55% |
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Debt/Equity Ratio Percent Change |
4.39% |
0.46% |
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Retun On Equity Percent Change |
359.23% |
-86.96% |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.49.78 |
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1 |
Rs.80.10 |
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Euro |
1 |
Rs.68.82 |
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 |
-- |
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.