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Report Date : |
02.04.2012 |
IDENTIFICATION DETAILS
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Name : |
LK VALVES AKTIEBOLAG |
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Registered Office : |
Garnisonsgatan 49, 25466 |
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Country : |
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Financials (as on) : |
2011 |
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Date of Incorporation : |
04.03.2002 |
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Com. Reg. No.: |
5566230933 |
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Legal Form : |
Limited liability company |
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Line of Business : |
Wholesale of plumbing and heating equipment |
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No. of Employees : |
19 |
RATING & COMMENTS
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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 |
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Maximum Credit Limit : |
1.500.000 SEK |
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Status : |
Satisfactory |
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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
|
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 Summary
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Business Name |
LK Valves Aktiebolag |
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Country |
SWEDEN |
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Company Registration Number |
5566230933 |
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Main Activity |
Wholesale of plumbing and heating equipment |
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Activity Code |
46742 |
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Company Status |
Active |
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Latest Turnover Figure |
63.004.000 SEK |
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Latest Shareholder Equity Figure |
2.839.000 SEK |
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Business Name |
LK Valves Aktiebolag |
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Registered Company Name |
LK Valves Aktiebolag |
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Company Registration Number |
5566230933 |
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Country |
SWEDEN |
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VAT Registration Number |
SE556623093301 |
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Date of Company Registration |
04/03/2002 |
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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 bedriva handel med ventiler
och industriprodukter och därmed förenlig verksamhet. |
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Contact Address |
25466 HELSINGBORG |
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Contact Telephone Number |
042-383870 |
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Main Address |
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Address |
Country |
Telephone |
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Garnisonsgatan 49,
25466 HELSINGBORG |
SWEDEN |
042-383870 |
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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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helsingborg@lkvalves.com |
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Web Pages |
|
www.lkvalves.com |
Current Credit Limit: 1.500.000 SEK
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Current Directors |
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Name |
Appointment Date |
Position |
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Böe, Roar Stein |
01/11/2003 |
Actual Member of Board |
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Hans Anders Johansson |
26/03/2012 |
Actual Member of Board |
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Dan Ingvar Paradell |
06/07/2011 |
Actual Member of Board |
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Erik Albrecht Behm |
26/03/2012 |
Actual Member of Board |
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Stig Lennart Karlsson |
26/03/2012 |
Actual Member of Board |
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Ulrika Kristina Behm |
26/03/2012 |
Actual Member of Board |
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Claes Erik Behm |
26/03/2012 |
Substitute |
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Previous Directors |
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Name |
Appointment Date |
Position |
Resignation Date |
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Erik Albrecht Behm |
06/07/2011 |
Substitute |
26/03/2012 |
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Dan Ingvar Paradell |
01/11/2003 |
Substitute |
06/07/2011 |
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Böe, Roar Stein |
01/11/2003 |
Managing Director |
26/03/2012 |
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Björn Hedlund |
01/11/2003 |
Actual Member of Board |
23/05/2011 |
No negative information found
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Issued Share Capital |
2.000.000 SEK |
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Advisors |
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Auditor Name |
Bo Kenneth Åsell |
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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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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 |
- |
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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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Ultimate Holding Parent |
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Ultimate Holding Company Name |
Lagerstedt & Krantz AB |
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Ultimate Holding Company Country |
SWEDEN |
5565079844 |
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Immediate Holding Parent |
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No information for this company. |
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Subsidary Companies |
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Subsidiary Name |
Country |
Number |
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No subsidaries for this company. |
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Profit and Loss |
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Financial Year |
2011 |
2010 |
2009 |
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Number of Weeks |
52 |
52 |
52 |
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Currency |
SEK |
SEK |
SEK |
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Conslotidated Accounts |
N |
N |
N |
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Revenue |
63.004.000 |
94.604.000 |
118.194.000 |
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Operating Costs |
69.299.000 |
85.254.000 |
106.512.000 |
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Operating Profit |
-6.295.000 |
9.350.000 |
11.682.000 |
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Wages & Salaries |
- |
- |
- |
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Depreciation |
- |
- |
- |
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Financial Income |
734.000 |
15.000 |
3.292.000 |
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Financial Expenses |
-745.000 |
-2.445.000 |
-1.230.000 |
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Extraordinary Income |
- |
- |
- |
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Extraordinary Costs |
-745.000 |
-2.445.000 |
-1.230.000 |
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Profit before Tax |
-6.306.000 |
6.920.000 |
13.744.000 |
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Tax |
-4.000 |
-19.000 |
-50.000 |
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Profit after Tax |
-6.306.000 |
6.920.000 |
13.744.000 |
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Minority Interests |
- |
- |
- |
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Other Appropriations |
7.042.000 |
-6.895.000 |
-13.664.000 |
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Retained Profit |
732.000 |
6.000 |
30.000 |
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Balance Sheet |
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Financial Year |
2011 |
2010 |
2009 |
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Number of Weeks |
52 |
52 |
52 |
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Currency |
SEK |
SEK |
SEK |
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Consolidated Accounts |
N |
N |
N |
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Land & Buildings |
0 |
0 |
0 |
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Plant & Machinery |
345.000 |
684.000 |
1.421.000 |
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Other Tangible Assets |
0 |
0 |
0 |
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Total Tangible Assets |
345.000 |
684.000 |
1.421.000 |
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Goodwill |
0 |
0 |
0 |
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Other Intangible Assets |
0 |
0 |
0 |
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Total Intangible Assets |
0 |
0 |
0 |
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Loans To Group |
0 |
0 |
0 |
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Other Loans |
0 |
0 |
0 |
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Miscellaneous Fixed Assets |
6.430.000 |
6.430.000 |
5.805.000 |
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Total Other Fixed Assets |
6.430.000 |
6.430.000 |
5.805.000 |
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TOTAL FIXED ASSETS |
6.775.000 |
7.114.000 |
7.226.000 |
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Work In Progress |
0 |
0 |
0 |
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Other Inventories |
16.336.000 |
12.982.000 |
14.908.000 |
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Total Inventories |
16.336.000 |
12.982.000 |
14.908.000 |
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Trade Receivables |
11.934.000 |
14.481.000 |
18.616.000 |
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Group Receivables |
34.000 |
91.000 |
459.000 |
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Miscellaneous
Receivables |
3.332.000 |
2.204.000 |
5.713.000 |
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Total Receivables |
15.300.000 |
16.776.000 |
24.788.000 |
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Cash |
3.859.000 |
2.949.000 |
3.581.000 |
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Other Current Assets |
0 |
0 |
0 |
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TOTAL CURRENT ASSETS |
35.496.000 |
32.707.000 |
43.277.000 |
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TOTAL ASSETS |
42.271.000 |
39.821.000 |
50.503.000 |
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Trade Payables |
3.167.000 |
2.034.000 |
8.210.000 |
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Bank Liabilities |
0 |
0 |
0 |
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Group Payables |
1.453.000 |
1.022.000 |
759.000 |
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Miscellaneous Liabilities |
3.726.000 |
4.691.000 |
5.984.000 |
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TOTAL CURRENT LIABILITIES |
8.346.000 |
7.747.000 |
14.953.000 |
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Bank Liabilities Due After 1 Year |
0 |
0 |
0 |
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Other Loans Or Finance Due After 1 Year |
0 |
0 |
0 |
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Group Payables After 1 Year |
0 |
0 |
0 |
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Miscellaneous Liabilities Due After 1 Year |
116.000 |
358.000 |
763.000 |
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TOTAL LONG TERM LIABILITIES |
31.086.000 |
29.967.000 |
33.449.000 |
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TOTAL LIABILITIES |
39.432.000 |
37.714.000 |
48.402.000 |
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Called Up Share Capital |
2.000.000 |
2.000.000 |
2.000.000 |
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Share Premium |
0 |
0 |
0 |
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Revenue Reserves |
839.000 |
107.000 |
101.000 |
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Other Reserves |
0 |
0 |
0 |
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TOTAL SHAREHOLDERS EQUITY |
2.839.000 |
2.107.000 |
2.101.000 |
Na
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Activities |
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Activity Code |
Activity Description |
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46742 |
Wholesale of plumbing and heating equipment |
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Employee Information |
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Year |
Number of Employees |
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2011 |
19 |
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2010 |
20 |
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2009 |
19 |
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Employee Information |
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Year |
Number of Employees |
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2008 |
24 |
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2007 |
23 |
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Industry Comparison |
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Activity Code |
46742 |
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Activity Description |
Wholesale of plumbing and heating equipment |
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Industry Average Credit Rating |
75 (1 - 100) |
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Industry Average Credit Limit |
583.000 SEK |
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Event History |
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Event Date |
Event Description |
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27/03/2012 |
Authorised signatory, changed |
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27/03/2012 |
Board, changed |
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27/03/2012 |
Limit, decrease |
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27/03/2012 |
Company representatives, changed |
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05/12/2011 |
Annual account, new |
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05/12/2011 |
Limit, increase |
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24/11/2011 |
Annual report (PDF), new |
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15/09/2011 |
Address, changed |
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07/07/2011 |
Company representatives, changed |
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07/07/2011 |
Limit, increase |
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07/07/2011 |
Board, changed |
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07/07/2011 |
Authorised signatory, changed |
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24/05/2011 |
Limit, decrease |
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24/05/2011 |
Board, changed |
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24/05/2011 |
Company representatives, changed |
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24/05/2011 |
Authorised signatory, changed |
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12/11/2010 |
Annual account, new |
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12/11/2010 |
Limit, decrease |
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08/11/2010 |
Annual report (PDF), new |
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30/11/2009 |
Annual account, new |
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30/11/2009 |
Limit, decrease |
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23/11/2009 |
Annual report (PDF), new |
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09/12/2008 |
Annual account, new |
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01/12/2008 |
Annual report (PDF), new |
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04/01/2008 |
Annual account, new |
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21/11/2007 |
Board, changed |
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24/07/2007 |
Board, changed |
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24/07/2007 |
Authorised signatory, changed |
Na
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.51.15 |
|
|
1 |
Rs.81.79 |
|
Euro |
1 |
Rs.68.34 |
RATING EXPLANATIONS
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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 |
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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 |
|
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.