MIRA INFORM REPORT

 

 

Report Date :

14.06.2012

 

IDENTIFICATION DETAILS

 

Name :

MIDSONA SVERIGE AB

 

 

Registered Office :

Box 50577, 20215 Malmφ

 

 

Country :

Sweden

 

 

Financials (as on) :

2010

 

 

Date of Incorporation :

18.04.1991

 

 

Com. Reg. No.:

5564206646

 

 

Legal Form :

Limited Liability Company

 

 

Line of Business :

Wholesale of other food, including fish, crustaceans and molluscs

 

 

No. of Employees :

17

 

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 :

Good

Payment Behaviour :

Regular

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, 2012

 

Country Name

Previous Rating

(31.12.2011)

Current Rating

(31.03.2012)

Sweden

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D


REGISTERED NAME & COMPANY SUMMARY

Company Summary

Business Name

Midsona Sverige AB

Country

SWEDEN

Company Registration Number

5564206646

Main Activity

Wholesale of other food, including fish, crustaceans and molluscs

Activity Code

46380

Company Status

Active

Latest Turnover Figure

139.695.000 SEK

Latest Shareholder Equity Figure

24.524.000 SEK

Company Information

 

Basic Information

Business Name

Midsona Sverige AB

Registered Company Name

Midsona Sverige AB

Company Registration Number

5564206646

Country

SWEDEN

VAT Registration Number

SE556420664601

Date of Company Registration

18/04/1991

Legal Form

Limited liability company

Company Status

Active

Currency of this Report

SEK

Principal Activity Description

Bolagets verksamhet ska vara att, direkt eller indirekt, bedriva marknadsfφring, import, export och fφrsδljning - δven via internet - av naturlδkemedel, traditionella och vδletablerade vδxtbaserade lδkemedel, kosttillskott, hδlsokost, medicintekniska

Contact Address

20215 MALMΦ

Contact Telephone Number

040-6602040

 

 

Main Address

Address

Country

Telephone

Box 50577, 20215 MALMΦ

SWEDEN

040-6602040

 

Other Address

Address

Country

Olof Palmes Gata 29, STOCKHOLM 11122

SWEDEN

 

Email Addresses

info@maxmedica.se

Web Pages

No information for this company.

 

 

 

DIRECTORS/MANAGEMENT

 

Current Directors

Name

Appointment Date

Position

 

Peter Sven-Eric Εsberg

23/01/2008

Actual Member of Board

 

Per Olov Lennart Svensson

26/01/2009

Substitute

 

 

Previous Directors

Name

Appointment Date

Position

Resignation Date

Peter Sven-Eric Εsberg

24/03/2009

Managing Director

20/04/2009

Kent Bφrje Sandin

23/01/2008

Substitute

26/01/2009

Allos, Jukka Veli

16/06/2005

Foreign Resident in the EEA

12/12/2008

Lennart Bo Molvin

04/01/2006

Actual Member of Board

23/01/2008

Anders Lennart Nylander

16/06/2005

Actual Member of Board

23/01/2008

 

Advisors

Auditor Name

KPMG AB

 

NEGATIVE INFORMATION

 

No negative information found.

 

SHARE & SHARE CAPITAL INFORMATION

 

Issued Share Capital

200.000 SEK

 

PAYMENT 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

2

Number of private claims

-

Number of applications for an order to pay

-

Number of reclaimed/revoked applications

3

 

GROUP STRUCTURE & AFFILIATED COMPANIES

 

Ultimate Holding Parent

Ultimate Holding Company Name

Midsona AB

Ultimate Holding Company Country

SWEDEN

5562415322

 

Immediate Holding Parent

No information for this company.

 

Subsidary Companies

Subsidiary Name

Country

Number

No subsidaries for this company.

 

 

 

Affiliates

Affiliate Name

Country

Number

No affiliates for this company.

 

 

 

 

Other Information

FINANCIAL INFORMATION

 

Profit and Loss

Financial Year

2010

2009

2008

Number of Weeks

52

52

52

Currency

SEK

SEK

SEK

Conslotidated Accounts

N

N

N

Revenue

141.228.000

105.936.000

92.882.000

Operating Costs

126.434.000

99.013.000

86.399.000

Operating Profit

14.794.000

6.923.000

6.483.000

Wages & Salaries

-

-

-

Depreciation

-

-

-

Financial Income

144.000

11.000

100.000

Financial Expenses

-3.170.000

-112.000

-38.000

Extraordinary Income

-

-

-

Extraordinary Costs

-3.170.000

-112.000

-38.000

Profit before Tax

33.763.000

6.822.000

5.717.000

Tax

-3.108.000

-2.131.000

-1.856.000

Profit after Tax

33.763.000

6.822.000

5.717.000

Minority Interests

-

-

-

Other Appropriations

-

-

-

Retained Profit

30.655.000

4.691.000

3.861.000

 

Balance Sheet

Financial Year

2010

2009

2008

Number of Weeks

52

52

52

Currency

SEK

SEK

SEK

Consolidated Accounts

N

N

N

Land & Buildings

0

0

0

Plant & Machinery

0

0

0

Other Tangible Assets

230.000

370.000

334.000

Total Tangible Assets

230.000

370.000

334.000

Goodwill

0

0

0

Other Intangible Assets

422.000

70.000

93.000

Total Intangible Assets

422.000

70.000

93.000

Loans To Group

0

0

0

Other Loans

0

0

0

Miscellaneous Fixed Assets

293.730.000

0

0

Total Other Fixed Assets

293.730.000

0

0

TOTAL FIXED ASSETS

294.382.000

440.000

427.000

Work In Progress

0

0

0

Other Inventories

15.081.000

11.436.000

13.313.000

Total Inventories

15.081.000

11.436.000

13.313.000

Trade Receivables

12.873.000

4.552.000

4.099.000

Group Receivables

27.336.000

8.892.000

9.230.000

Miscellaneous Receivables

1.934.000

929.000

905.000

Total Receivables

42.143.000

14.373.000

14.234.000

Cash

15.000

79.000

127.000

Other Current Assets

0

0

0

TOTAL CURRENT ASSETS

57.239.000

25.888.000

27.674.000

TOTAL ASSETS

351.621.000

26.328.000

28.101.000

Trade Payables

7.526.000

7.953.000

7.260.000

Bank Liabilities

0

0

0

Group Payables

17.751.000

11.152.000

11.984.000

Miscellaneous Liabilities

8.090.000

4.644.000

4.996.000

TOTAL CURRENT LIABILITIES

33.367.000

23.749.000

24.240.000

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

0

0

0

TOTAL LONG TERM LIABILITIES

293.730.000

0

0

TOTAL LIABILITIES

327.097.000

23.749.000

24.240.000

Called Up Share Capital

200.000

200.000

200.000

Share Premium

0

0

0

Revenue Reserves

32.994.000

2.339.000

10.249.000

Other Reserves

-8.670.000

40.000

-6.588.000

TOTAL SHAREHOLDERS EQUITY

24.524.000

2.579.000

3.861.000

 

Other Financials

Contingent Liabilities

0

0

0

Working Capital

23.872.000

2.139.000

3.434.000

Net Worth

24.102.000

2.509.000

3.768.000

 

Ratios

Pre-Tax Profit Margin

23.91 %

6.44 %

6.16 %

Return On Capital Employed

8.77 %

13.62 %

10.92 %

Return On Total Assets Employed

9.60 %

25.91 %

20.34 %

Return On Net Assets Employed

137.67 %

264.52 %

148.07 %

Sales/Net Working Capital

5.92

49.53

27.05

Stock Turnover Ratio

10.68 %

10.80 %

14.33 %

Debtor Days

33.27

15.68

16.11

Creditor Days

19.45

27.40

28.53

Current Ratio

1.72

1.09

1.14

Liquidity Ratio/Acid Test

1.26

0.61

0.59

Current Debt Ratio

1.36

9.21

6.28

Gearing

1197.72 %

 

 

Equity In Percentage

42.67 %

9.82 %

13.79 %

Total Debt Ratio

13.34

9.21

6.28

 

FOREIGN EXCHANGE RATES

 

Na

 

ADDITIONAL INFORMATION

 

Activities

Activity Code

Activity Description

46380

Wholesale of other food, including fish, crustaceans and molluscs

46240

Wholesale of hides, skins and leather

 

Employee Information

Year

Number of Employees

2010

17

2009

15

2008

18

2007

16

2006

12

 

Tax Registrations

Registered for FTax

Yes

Registered for VAT

Yes

Registered for Employee Tax

Yes

 

Certificates

Type

Category

Issuer

No certificate information for this company.

 

 

 

Industry Comparison

Activity Code

46380

Activity Description

Wholesale of other food, including fish, crustaceans and molluscs

 

Event History

 

Event Date

Event Description

18/08/2011

Limit, increase

18/08/2011

Annual account, new

18/08/2011

Group annual accout, new

13/08/2011

Limit, increase

02/08/2011

Annual report (PDF), new

23/07/2011

Limit, decrease

03/05/2011

Status, changed

03/05/2011

Merge information, changed

21/04/2011

Company business activity, changed

21/04/2011

Company name, changed (old name: MaxMedica AB)

09/04/2011

Company business activity, changed

29/03/2011

Phone number, new

29/03/2011

Fax number, new

09/12/2010

Status, changed

09/12/2010

Merge information, changed

27/11/2010

Limit, increase

20/11/2010

Limit, decrease

11/08/2010

Annual account, new

11/08/2010

Limit, decrease

04/08/2010

Annual report (PDF), new

11/10/2009

Limit, increase

28/09/2009

Limit, decrease

13/08/2009

Limit, increase

13/08/2009

Annual account, new

29/07/2009

Annual report (PDF), new

27/06/2009

Limit, decrease

27/06/2009

Limit, increase

21/04/2009

Company representatives, changed

21/04/2009

Board, changed

21/04/2009

Authorised signatory, changed

25/03/2009

Company representatives, changed

25/03/2009

Board, changed

25/03/2009

Authorised signatory, changed

27/01/2009

Authorised signatory, changed

27/01/2009

Board, changed

27/01/2009

Company representatives, changed

17/12/2008

Authorised signatory, changed

17/12/2008

Company representatives, changed

17/12/2008

Board, changed

14/10/2008

Board, changed

29/09/2008

Board, changed

26/08/2008

Annual account, new

07/08/2008

Annual report (PDF), new

08/05/2008

Company representatives, changed

08/05/2008

Board, changed

29/01/2008

Company representatives, changed

29/01/2008

Authorised signatory, changed

29/01/2008

Board, changed

24/01/2008

Board, changed

24/01/2008

Authorised signatory, changed

24/01/2008

Company representatives, changed

20/08/2007

Annual account, new

 

NOTES & COMMENTS

 

Na


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.55.85

UK Pound

1

Rs.86.88

Euro

1

Rs.69.88

 

 

INFORMATION DETAILS

 

Report Prepared by :

PRL

 

 

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%)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.