MIRA INFORM REPORT
|
Report Date : |
29.09.2011 |
IDENTIFICATION DETAILS
|
Name : |
AKTIEBOLAGET VOLVO PENTA |
|
|
|
|
Registered Office : |
40508 Göteborg |
|
|
|
|
Country : |
Sweden |
|
|
|
|
Financials (as on) : |
2010 |
|
|
|
|
Date of Incorporation : |
13.05.1935 |
|
|
|
|
Com. Reg. No.: |
5560341330 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
Manufacturer of engines and turbines, except aircraft, vehicle and
cycle engine |
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 |
|
Status : |
Satisfactory |
|
Payment
Behaviour : |
No Complaints |
|
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
|
Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
|
Sweden |
a2 |
a2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
REGISTERED NAME & COMPANY
SUMMAR
Company Summary
|
Business Name |
Aktiebolaget Volvo Penta |
|
Country |
SWEDEN |
|
Company Registration Number |
|
|
Main Activity |
Manufacture of engines and turbines, except aircraft, vehicle and
cycle engines |
|
Activity Code |
28110 |
|
Company Status |
Active |
Company Information
|
Basic Information |
|
|
Business Name |
Aktiebolaget Volvo Penta |
|
Registered Company Name |
Aktiebolaget Volvo Penta |
|
Company Registration Number |
5560341330 |
|
Country |
SWEDEN |
|
VAT Registration Number |
SE556034133001 |
|
Date of Company Registration |
13/05/1935 |
|
Legal Form |
Limited liability company |
|
Company Status |
Active |
|
Currency of this Report |
SEK |
|
Principal Activity Description |
Bolaget skall, självt eller genom innehav eller andelar i andra
företag, bedriva tillverkning av och handel med motorer för marint och
industriellt bruk, tillbehör och reservdelar därtill samt servi (The Company shall,
itself or through ownership or shares in other companies engaged in
manufacturing and trade of engines for marine and industrial applications,
accessories and spare parts therefor, and servi) |
|
Contact Address |
40508 GÖTEBORG |
|
Contact Telephone Number |
031-235460 |
DIRECTORS/MANAGEMENT
Directors/Managers
|
Current Directors |
|||
|
Name |
Appointment Date |
Position |
|
|
Lars Stefan Johnsson |
01/08/2006 |
Actual Member of Board |
|
|
Nils Göran Gummesson |
02/11/2004 |
Actual Member of Board |
|
|
Cellier, Christian Pierre Jean |
10/02/2009 |
Actual Member of Board |
|
|
Camilla Susanne Johansson |
30/01/2010 |
Actual Member of Board |
|
|
Johan Martin Carlsson |
12/08/2011 |
Actual Member of Board |
|
|
Leif Ĺke Gustav Hultman |
24/09/2004 |
Actual Member of Board |
|
|
Linda Katherine Anna Charlott Gibson |
27/10/2005 |
Actual Member of Board |
|
|
Stig Torbjörn Holmström |
10/09/2010 |
Actual Member of Board |
|
|
Andreas Pavlu |
15/12/2009 |
Substitute |
|
|
Madlen Anita Gunnarsson |
30/01/2010 |
Substitute |
|
|
Previous Directors |
|||
|
Name |
Appointment Date |
Position |
Resignation Date |
|
Dana-Elena Dobrin |
01/08/2006 |
Actual Member of Board |
12/08/2011 |
|
Lauer, Hervé Francois |
04/08/2008 |
Actual Member of Board |
12/08/2011 |
|
Arne Bror Konrad Wittlöv |
19/02/1998 |
Actual Member of Board |
10/09/2010 |
|
Maria Viktoria Beatrice Hermansson |
31/10/2003 |
Employee Representative |
30/01/2010 |
|
Ulf Peter Albinsson |
28/05/2005 |
Substitute |
30/01/2010 |
|
Johan Rasmus Burgren |
14/10/2006 |
Substitute |
15/12/2009 |
|
Leif Valdemar Johansson |
20/06/2001 |
Actual Member of Board |
10/02/2009 |
|
Mäkinen, George Christian Mikael |
11/08/2004 |
Actual Member of Board |
10/02/2009 |
|
Bourke, Glenn |
01/08/2006 |
Actual Member of Board |
04/08/2008 |
|
Andreas Pavlu |
07/02/2004 |
Substitute |
14/10/2006 |
NEGATIVE INFORMATION
Negative Information
|
Debt balance at the Swedish Enforcement Agency |
|
|
Number of Private Claims |
- |
|
Balance of Private Claims |
- |
|
Number of Public Claims |
- |
|
Balance of Public Claims |
- |
|
Total Balance |
- |
|
Record of non-payment |
|
|
Number of distraint attempts and repossessions |
- |
|
Number of public claims |
3 |
|
Number of private claims |
4 |
|
Number of applications for an order to pay |
4 |
|
Number of reclaimed/revoked applications |
3 |
|
Latest Private Claim |
|
|
Date |
31/08/2011 |
|
Amount |
160 SEK |
|
Creditor |
Nordea Bank AB |
|
Comments |
Decision |
SHARE & SHARE CAPITAL
INFORMATION
Share Capital Structure
|
Issued Share Capital |
80.120.000 SEK |
PAYMENT INFORMATION
Na
GROUP STRUCTURE & AFFILIATED
COMPANIES
Group Structure
|
Ultimate Holding Parent |
|
|
|
Ultimate Holding Company Name |
Aktiebolaget Volvo |
|
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Ultimate Holding Company Country |
SWEDEN |
5560125790 |
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Immediate Holding Parent |
|
No information for this company. |
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Subsidary Companies |
||
|
Subsidiary Name |
Country |
Number |
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No subsidaries for this company. |
|
|
|
Affiliates |
||
|
Affiliate Name |
Country |
Number |
|
No affiliates for this company. |
|
|
FINANCIAL INFORMATION
Financial Information
|
Profit and Loss |
|||
|
Financial Year |
2010 |
2009 |
2008 |
|
Number of Weeks |
52 |
52 |
52 |
|
Currency |
SEK |
SEK |
SEK |
|
Consolidated Accounts |
N |
N |
N |
|
Revenue |
6.419.625.000 |
6.049.677.000 |
10.537.666.000 |
|
Operating Costs |
6.334.953.000 |
6.361.656.000 |
10.017.414.000 |
|
Operating Profit |
84.672.000 |
-311.979.000 |
520.252.000 |
|
Wages & Salaries |
- |
- |
- |
|
Depreciation |
- |
- |
- |
|
Financial Income |
3.885.000 |
22.919.000 |
45.107.000 |
|
Financial Expenses |
-1.407.000 |
-20.159.000 |
-32.222.000 |
|
Extraordinary Income |
- |
- |
- |
|
Extraordinary Costs |
-1.407.000 |
-20.159.000 |
-32.222.000 |
|
Profit before Tax |
87.256.000 |
-311.950.000 |
636.691.000 |
|
Tax |
-36.694.000 |
95.460.000 |
-141.290.000 |
|
Profit after Tax |
87.256.000 |
-311.950.000 |
636.691.000 |
|
Minority Interests |
- |
- |
- |
|
Other Appropriations |
10.161.000 |
-13.320.000 |
-44.171.000 |
|
Retained Profit |
60.723.000 |
-229.810.000 |
451.230.000 |
|
Balance Sheet |
|||
|
Financial Year |
2010 |
2009 |
2008 |
|
Number of Weeks |
52 |
52 |
52 |
|
Currency |
SEK |
SEK |
SEK |
|
Consolidated Accounts |
N |
N |
N |
|
Land & Buildings |
12.417.000 |
13.399.000 |
14.405.000 |
|
Plant & Machinery |
326.629.000 |
361.905.000 |
360.538.000 |
|
Other Tangible Assets |
67.831.000 |
94.791.000 |
119.564.000 |
|
Total Tangible Assets |
406.877.000 |
470.095.000 |
494.507.000 |
|
Goodwill |
9.830.000 |
19.908.000 |
28.329.000 |
|
Other Intangible Assets |
0 |
0 |
0 |
|
Total Intangible Assets |
9.830.000 |
19.908.000 |
28.329.000 |
|
Loans To Group |
0 |
0 |
0 |
|
Other Loans |
0 |
0 |
0 |
|
Miscellaneous Fixed Assets |
136.026.000 |
73.860.000 |
75.437.000 |
|
Total Other Fixed Assets |
136.026.000 |
73.860.000 |
75.437.000 |
|
TOTAL FIXED ASSETS |
552.733.000 |
563.863.000 |
598.273.000 |
|
Work In Progress |
0 |
0 |
0 |
|
Other Inventories |
449.760.000 |
242.600.000 |
464.032.000 |
|
Total Inventories |
449.760.000 |
242.600.000 |
464.032.000 |
|
Trade Receivables |
638.628.000 |
592.491.000 |
992.474.000 |
|
Group Receivables |
1.261.205.000 |
818.715.000 |
375.182.000 |
|
Miscellaneous Receivables |
115.558.000 |
103.619.000 |
112.733.000 |
|
Total Receivables |
2.015.391.000 |
1.514.825.000 |
1.480.389.000 |
|
Cash |
54.994.000 |
25.139.000 |
43.305.000 |
|
Other Current Assets |
0 |
578.352.000 |
928.675.000 |
|
TOTAL CURRENT ASSETS |
2.520.145.000 |
2.360.916.000 |
2.916.401.000 |
|
TOTAL ASSETS |
3.072.878.000 |
2.924.779.000 |
3.514.674.000 |
|
Trade Payables |
443.537.000 |
472.326.000 |
484.735.000 |
|
Bank Liabilities |
0 |
0 |
0 |
|
Group Payables |
886.634.000 |
531.994.000 |
1.046.909.000 |
|
Miscellaneous Liabilities |
361.659.000 |
343.685.000 |
395.522.000 |
|
TOTAL CURRENT LIABILITIES |
1.691.830.000 |
1.348.005.000 |
1.927.166.000 |
|
Bank Liabilities Due After 1 Year |
0 |
0 |
0 |
|
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 |
662.744.000 |
666.431.000 |
725.624.000 |
|
TOTAL LONG TERM LIABILITIES |
662.744.000 |
666.431.000 |
725.624.000 |
|
TOTAL LIABILITIES |
2.354.574.000 |
2.014.436.000 |
2.652.790.000 |
|
Called Up Share Capital |
80.120.000 |
80.120.000 |
80.000.000 |
|
Share Premium |
0 |
0 |
17.725.000 |
|
Revenue Reserves |
849.416.000 |
790.223.000 |
1.017.799.000 |
|
Other Reserves |
-211.232.000 |
40.000.000 |
-253.640.000 |
|
TOTAL SHAREHOLDERS EQUITY |
718.304.000 |
910.343.000 |
861.884.000 |
|
Other Financials |
|||
|
Contingent Liabilities |
7.556.000 |
7.166.000 |
6.836.000 |
|
Working Capital |
828.315.000 |
1.012.911.000 |
989.235.000 |
|
Net Worth |
708.474.000 |
890.435.000 |
833.555.000 |
|
Ratios |
|||
|
Pre-Tax Profit Margin |
1.36 % |
-5.16 % |
6.04 % |
|
Return On Capital Employed |
1.83 % |
-7.30 % |
11.70 % |
|
Return On Total Assets Employed |
2.84 % |
-10.67 % |
18.12 % |
|
Return On Net Assets Employed |
12.15 % |
-34.27 % |
73.87 % |
|
Sales/Net Working Capital |
7.75 |
5.97 |
10.65 |
|
Stock Turnover Ratio |
7.01 % |
4.01 % |
4.40 % |
|
Debtor Days |
36.31 |
35.75 |
34.38 |
|
Creditor Days |
25.22 |
28.50 |
16.79 |
|
Current Ratio |
1.49 |
1.75 |
1.51 |
|
Liquidity Ratio/Acid Test |
1.22 |
1.57 |
1.27 |
|
Current Debt Ratio |
2.36 |
1.48 |
2.24 |
|
Gearing |
0.69 % |
1.44 % |
|
|
Equity In Percentage |
24.54 % |
32.16 % |
25.27 % |
|
Total Debt Ratio |
3.28 |
2.21 |
|
FOREIGN EXCHANGE RATES
Na
ADDITIONAL INFORMATION
|
Activities |
|
|
Activity Code |
Activity Description |
|
28110 |
Manufacture of engines and turbines, except aircraft, vehicle and cycle
engines |
|
46699 |
Wholesale of other machinery and equipment n.e.c. |
Contact Information
|
Main Address |
||
|
Address |
Country |
Telephone |
|
, 40508 GÖTEBORG |
SWEDEN |
031-235460 |
|
Other Address |
|
|
Address |
Country |
|
Önum, VARA 53491 |
SWEDEN |
|
Email Addresses |
|
No information for this company. |
|
Web Pages |
|
www.penta.volvo.se |
Other Information
|
Employee Information |
|
|
Year |
Number of Employees |
|
2010 |
705 |
|
2009 |
719 |
|
2008 |
805 |
|
2007 |
803 |
|
2006 |
836 |
|
Advisors |
|
|
Auditor Name |
PricewaterhouseCoopers AB |
Additional Information
|
Tax Registrations |
|
|
Registered for Tax |
Yes |
|
Registered for VAT |
Yes |
|
Registered for Employee Tax |
Yes |
|
Certificates |
||
|
Type |
Category |
Issuer |
|
No certificate information for this company. |
|
|
|
Industry Comparison |
|
|
Activity Code |
28110 |
|
Activity Description |
Manufacture of engines and turbines, except aircraft, vehicle and
cycle engines |
|
Event History |
|
|
Event Date |
Event Description |
|
07/09/2011 |
Annual account, new |
|
13/08/2011 |
Board, changed |
|
13/08/2011 |
Company representatives, changed |
|
13/08/2011 |
Authorised signatory, changed |
|
02/08/2011 |
Annual report (PDF), new |
|
29/03/2011 |
Fax number, removed |
|
07/11/2010 |
Annual account, new |
|
07/11/2010 |
Group annual accout, new |
|
25/10/2010 |
Annual report (PDF), new |
|
11/09/2010 |
Board, changed |
|
11/09/2010 |
Company representatives, changed |
|
11/09/2010 |
Authorised signatory, changed |
|
01/02/2010 |
Board, changed |
|
01/02/2010 |
Authorised signatory, changed |
|
01/02/2010 |
Company representatives, changed |
|
16/12/2009 |
Company representatives, changed |
|
16/12/2009 |
Authorised signatory, changed |
|
16/12/2009 |
Board, changed |
|
10/08/2009 |
Annual account, new |
|
30/07/2009 |
Annual report (PDF), new |
|
24/04/2009 |
Board, changed |
|
24/04/2009 |
Authorised signatory, changed |
|
24/04/2009 |
Company representatives, changed |
|
13/02/2009 |
Board, changed |
|
13/02/2009 |
Company representatives, changed |
|
13/02/2009 |
Authorised signatory, changed |
|
11/02/2009 |
Board, changed |
|
11/02/2009 |
Authorised signatory, changed |
|
11/02/2009 |
Company representatives, changed |
|
07/08/2008 |
Annual account, new |
|
05/08/2008 |
Authorised signatory, changed |
|
05/08/2008 |
Company representatives, changed |
|
05/08/2008 |
Board, changed |
|
31/07/2008 |
Annual report (PDF), new |
|
09/08/2007 |
Annual account, new |
|
17/10/2006 |
Company representatives, changed |
|
17/10/2006 |
Board, changed |
|
17/10/2006 |
Authorised signatory, changed |
NOTES & COMMENTS
Na
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.48.91 |
|
UK Pound |
1 |
Rs.76.53 |
|
Euro |
1 |
Rs.66.43 |
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.