MIRA
INFORM REPORT
|
Report Date : |
24.10.2011 |
IDENTIFICATION DETAILS
|
Name : |
NORDIC RAW MATERIALS AB |
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Registered Office : |
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Country : |
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Financials (as on) : |
31.12.2009 |
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Date of Incorporation : |
28.02.2007 |
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Com. Reg. No.: |
5567247308 |
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Legal Form : |
Private Companies AB |
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Line of Business : |
Wholesale of metal waste and scrap |
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 : |
(KSEK) 3,300 |
|
Status : |
Good |
|
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 – December 31, 2010
|
Country Name |
Previous Rating (30.09.2010) |
Current Rating (31.12.2010) |
|
|
A1 |
A1 |
|
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 |
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Off-credit |
D |
Company
Summary
|
Company Details |
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Company Name |
Nordic Raw Materials AB |
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Registered Number |
5567247308 |
|
Address |
|
|
Town |
LANDSKRONA |
|
PostCode |
26123 LANDSKRONA |
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Region |
SKÅNE |
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Telephone |
0418-446460 |
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Fax |
0418-446469 |
|
Legal Form |
A2 |
|
Currency |
KSEK (all financial data is in thousands) |
|
Share Capital |
1,000 |
|
Registration Date |
28/02/2007 |
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Email |
info@nrmab.com |
|
Web Address |
www.nrmab.com |
|
Company Type |
Private Companies AB |
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Credit Information Summary |
|
|
Credit Limit (KSEK) |
3,300 |
|
Purchase Limit |
25,900 |
|
Date of Latest Accounts |
31/12/2009 |
|
Net Sales |
129,440 |
|
Profit After Financial Items |
1,445 |
|
Net Worth |
6,557 |
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Court Data Summary |
|
|
Record of Non-Payment |
|
|
Number Of CCJs |
0 |
|
Number Of Taxation Claims |
0 |
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Number Of Payment Applications |
0 |
|
Debt Balance at Kronofogdemyndigheten |
|
|
Balance Single (KSEK) |
0 |
|
Balance Common ROP (KSEK) |
0 |
|
Total (KSEK) |
0 |
|
Number Single |
0 |
|
Number Common |
0 |
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Total Number |
0 |
Additional
Information
|
Company Details |
|
|
Company Number |
5567247308 |
|
Company Name |
Nordic Raw Materials AB |
|
Activity Description |
The
company will engage in wholesale of metal waste in
scrap metal industry
and in metal
processing, metal alloy and metal smelting
industry, and related
business. |
|
Trade Code |
46772 |
|
Trade Description |
Wholesale of metal waste and scrap |
|
Taxes & Charges |
|
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Registered FTax |
Yes |
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Registered VAT |
Yes |
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Registered Employee Tax |
Yes |
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Other Information |
|
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Accountant Audited (YES/NO) |
Yes |
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Employees |
5 |
|
Floating Charge |
6000 |
Accounts
& Ratios
|
Period |
|||||
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Company Number |
5567247308 |
Changes |
5567247308 |
Changes |
5567247308 |
|
Accounts End Date |
2009-12-31T00:00:00 |
% |
2008-12-31T00:00:00 |
% |
2007-12-31T00:00:00 |
|
Number Of Months |
12 |
- |
12 |
- |
11 |
|
Currency |
KSEK |
- |
KSEK |
- |
KSEK |
|
Profit & Loss |
|||||
|
Turnover |
129,440 |
-2.7% |
132,976 |
287.7% |
34,298 |
|
Total Operating Expenses |
127,944 |
-0.7% |
128,820 |
282.3% |
33,697 |
|
Operating Result |
1,496 |
-64.0% |
4,156 |
591.5% |
601 |
|
Total Financial Income |
15 |
-98.7% |
1,149 |
236.0% |
342 |
|
Total Financial Expenses |
66 |
-66.3% |
196 |
221.3% |
61 |
|
Profit Loss After Financial Items |
1,445 |
-71.7% |
5,109 |
479.3% |
882 |
|
Taxation |
449 |
-68.7% |
1,433 |
480.2% |
247 |
|
Group Contribute |
0 |
- |
0 |
- |
0 |
|
Extraordinary Items |
0 |
- |
0 |
- |
0 |
|
Other Appropriations |
0 |
- |
0 |
- |
0 |
|
Minority Interest And Profit |
0 |
- |
0 |
- |
0 |
|
Net Result |
996 |
-72.9% |
3,676 |
478.9% |
635 |
|
Other Information |
|||||
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- Employee Costs |
465 |
201.9% |
154 |
144.4% |
63 |
|
- Dividends |
0 |
- |
0 |
- |
0 |
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Balance Sheet |
|||||
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Accounts End Date |
2009-12-31T00:00:00 |
% |
2008-12-31T00:00:00 |
% |
2007-12-31T00:00:00 |
|
Number Of Months |
12 |
|
12 |
|
11 |
|
Currency |
KSEK |
- |
KSEK |
- |
KSEK |
|
Intangible Fixed Assets |
0 |
- |
0 |
- |
0 |
|
- Goodwill |
0 |
- |
0 |
- |
0 |
|
- Other Intangible Assets |
0 |
- |
0 |
- |
0 |
|
Tangible Fixed Assets |
72 |
-35.1% |
111 |
1,485.7% |
7 |
|
- Land And Buildings |
0 |
- |
0 |
- |
0 |
|
- Plant And Machinery |
0 |
- |
0 |
- |
0 |
|
- Other Tangible Fixed Assets |
0 |
- |
0 |
- |
0 |
|
Financial Fixed Assets |
50 |
- |
0 |
- |
0 |
|
Total Fixed Assets |
122 |
9.9% |
111 |
1,485.7% |
7 |
|
Inventories |
4,168 |
- |
0 |
- |
0 |
|
Trade Accounts Receivable |
13,800 |
130.3% |
5,993 |
96.4% |
3,051 |
|
- Cash |
4,575 |
-61.3% |
11,822 |
702.6% |
1,473 |
|
- Miscellaneous Current Assets |
5,791 |
112.8% |
2,721 |
19,335.7% |
14 |
|
Total Current Assets |
28,334 |
38.0% |
20,536 |
352.5% |
4,538 |
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|
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Current Liabilities |
|||||
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- Trade Creditors |
6,868 |
99.3% |
3,446 |
442.7% |
635 |
|
- Short Term Group Loans |
0 |
- |
0 |
- |
0 |
|
- Other Short Term Loans |
0 |
- |
0 |
- |
0 |
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- Miscellaneous Current Liabilities |
3,752 |
11.1% |
3,378 |
1,077.0% |
287 |
|
Total Current Liabilities |
10,620 |
55.6% |
6,824 |
640.1% |
922 |
|
Long Term Debts |
|||||
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- Long Term Group Loans |
9,646 |
15.4% |
8,361 |
- |
0 |
|
- Other Long Term Loans |
1,483 |
- |
0 |
- |
0 |
|
- Other Long Term Liabilities |
150 |
0.0% |
150 |
-92.5% |
1,988 |
|
Total Long Term Debts |
11,279 |
32.5% |
8,511 |
328.1% |
1,988 |
|
Shareholders Equity |
|||||
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Issued Share Capital |
1,000 |
0.0% |
1,000 |
0.0% |
1,000 |
|
Share Premium Account |
0 |
- |
0 |
- |
0 |
|
Other Share Capital And Reserves |
5,557 |
28.9% |
4,311 |
578.9% |
635 |
|
Revaluation Reserve |
0 |
- |
0 |
- |
0 |
|
Shareholders Equity |
6,557 |
23.5% |
5,311 |
224.8% |
1,635 |
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|
|||||
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Working Capital |
17,714 |
29.2% |
13,712 |
279.2% |
3,616 |
|
Net Worth |
6,557 |
23.5% |
5,311 |
224.8% |
1,635 |
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Ratios Analysis |
|||||
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Return On Capital |
0.22 |
-77.1% |
0.96 |
78.5% |
0.54 |
|
Return On Capital Employed |
0.05 |
-79.4% |
0.26 |
24.2% |
0.21 |
|
Profit Margin |
0.01 |
-61.3% |
0.03 |
72.2% |
0.02 |
|
Gross Profit Margin |
0.20 |
39.9% |
0.14 |
164.8% |
0.05 |
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Capital Turnover |
4.55 |
-29.4% |
6.44 |
-14.6% |
7.55 |
|
Solidity |
0.23 |
-10.5% |
0.26 |
-28.6% |
0.36 |
|
Rate Of Return |
22.89 |
-15.4% |
27.07 |
75.1% |
15.46 |
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Acid Test Ratio |
2.28 |
-24.4% |
3.01 |
-38.9% |
4.92 |
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Inventory Turnover |
49.68 |
- |
0 |
- |
0 |
|
Average Payment Period |
31.13 |
136.6% |
13.16 |
-49.3% |
25.98 |
|
Turnover / Employee |
25,888.00 |
-61.1% |
66,488.00 |
287.7% |
17,149.00 |
|
Average Debt Equity Ratio |
0.00 |
-76.9% |
0.01 |
-38.1% |
0.02 |
|
Cash Flow From Operation |
0.01 |
-71.4% |
0.03 |
47.4% |
0.02 |
|
Accounts Receivable Turnover |
9.38 |
-57.7% |
22.19 |
97.4% |
11.24 |
|
Industry Comparison |
|
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Activity Code |
46772 |
|
Activity Description |
Partihandel med metallavfall och metallskrot |
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Industry Average Credit Rating |
72 |
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Industry Average Credit Limit |
240 |
Record
of Payment / Debt Balance
|
Company CCJ's |
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No CCJ's for this company. |
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Company Tax Charges |
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No CCJ's for this company. |
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Company Debt Balance |
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No company debt balance for this company. |
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Event
History
|
Event Date |
Event Description |
|
19/04/2011 |
Board changed |
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19/04/2011 |
Change in company representatives |
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19/04/2011 |
Authorised signatory changed |
|
29/03/2011 |
Fax number removed |
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07/03/2011 |
Certificate deregistered |
|
23/10/2010 |
Fax number new |
|
24/05/2010 |
Credit limit increase |
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24/05/2010 |
New annual account |
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10/05/2010 |
New annual report (PDF) |
|
19/05/2009 |
Credit limit increase |
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19/05/2009 |
New annual account |
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11/05/2009 |
New annual report (PDF) |
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25/11/2008 |
Board changed |
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03/10/2008 |
New Address |
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01/04/2008 |
New annual account |
|
03/07/2007 |
Employer's contribution |
|
26/04/2007 |
Board changed |
|
26/04/2007 |
Authorised signatory changed |
|
26/04/2007 |
Change in company representatives |
|
30/03/2007 |
VAT |
|
30/03/2007 |
Company tax |
|
30/03/2007 |
Employer's contribution |
|
05/03/2007 |
Address changed |
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01/03/2007 |
Board changed |
|
01/03/2007 |
Company business activity |
|
01/03/2007 |
Authorised signatory changed |
|
01/03/2007 |
Change in company representatives |
Group
Structure
|
No group structure for this company. |
Directors
|
Director |
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Company Number |
5567247308 |
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Person Number |
4607198811 |
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Person Name |
Lundström, Martin Per Åke |
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From Date |
28/02/2007 |
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To Date |
// |
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Person Function |
Ledamot |
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Director |
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Company Number |
5567247308 |
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Person Number |
4808171856 |
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Person Name |
Upadhyaya, Lalit Mohan |
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From Date |
28/02/2007 |
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To Date |
// |
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Person Function |
Ledamot |
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Director |
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Company Number |
5567247308 |
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Person Number |
4808154365 |
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Person Name |
Upadhyaya, |
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From Date |
25/04/2007 |
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To Date |
// |
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Person Function |
Ledamot |
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Director |
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Company Number |
5567247308 |
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Person Number |
7904264079 |
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Person Name |
Upadhyaya, Naveen Kumar |
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From Date |
28/02/2007 |
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To Date |
// |
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Person Function |
Ledamot |
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Director |
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Company Number |
5567247308 |
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Person Number |
4607198811 |
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Person Name |
Lundström, Martin Per Åke |
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From Date |
28/02/2007 |
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To Date |
// |
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Person Function |
Ordförande |
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Director |
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Company Number |
5567247308 |
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Person Number |
7904264079 |
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Person Name |
Upadhyaya, Naveen Kumar |
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From Date |
18/04/2011 |
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To Date |
// |
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Person Function |
Verkställande direktör |
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FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.50.06 |
|
|
1 |
Rs.79.15 |
|
Euro |
1 |
Rs.69.03 |
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.