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Report Date : |
06.11.2012 |
IDENTIFICATION DETAILS
|
Name : |
TRELLEBORG AUTOMOTIVE FORSHEDA AB |
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Registered Office : |
Storgatan 26, 33012 FORSHEDA |
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Country : |
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Financials (as on) : |
2011 |
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Date of Incorporation : |
14.11.2007 |
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Com. Reg. No.: |
5567428767 |
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Legal Form : |
Limited Liability Company |
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LINE OF BUSINESS : |
MANUFACTURE
OF OTHER RUBBER PRODUCTS |
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No. of Employees : |
123 |
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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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2011) |
Current Rating (30.06.2012) |
|
|
A1 |
A1 |
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Risk Category |
ECGC Classification |
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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 |
SWEDEN - ECONOMIC OVERVIEW
Aided by peace and neutrality
for the whole of the 20th century, Sweden has achieved an enviable standard of
living under a mixed system of high-tech capitalism and extensive welfare
benefits. It has a modern distribution system, excellent internal and external
communications, and a highly skilled labor force. In September 2003, Swedish
voters turned down entry into the euro system concerned about the impact on the
economy and sovereignty. Timber, hydropower, and iron ore constitute the
resource base of an economy heavily oriented toward foreign trade. Privately
owned firms account for vast majority of industrial output, of which the
engineering sector accounts for about 50% of output and exports. Agriculture
accounts for little more than 1% of GDP and of employment. Until 2008, Sweden was
in the midst of a sustained economic upswing, boosted by increased domestic
demand and strong exports. This and robust finances offered the center-right
government considerable scope to implement its reform program aimed at
increasing employment, reducing welfare dependence, and streamlining the
state's role in the economy. Despite strong finances and underlying
fundamentals, the Swedish economy slid into recession in the third quarter of
2008 and growth continued downward in 2009 as deteriorating global conditions
reduced export demand and consumption. Strong exports of commodities and a
return to profitability by Sweden''s banking sector drove the strong rebound in
2010, which continued in 2011, and the government is proposing stimulus
measures in the 2012 budget to curb the effects of a global economic slowdown
and boost employment and growth
Source : CIA
Company Summary
|
Business Name |
Trelleborg Automotive Forsheda AB |
|
Country |
SWEDEN |
|
Company Registration Number |
5567428767 |
|
Main Activity |
Manufacture of other rubber products |
|
Activity Code |
22190 |
|
Company Status |
Active |
|
Latest Turnover Figure |
223.808.000 SEK |
|
Latest Shareholder Equity Figure |
17.814.000 SEK |
|
Credit Rating |
No credit rating |
|
Rating Description |
Board not complete |
|
Credit Limit |
- |
Company Information
|
Basic Information |
|
|
Business Name |
Trelleborg Automotive Forsheda AB |
|
Registered Company Name |
Trelleborg Automotive Forsheda AB |
|
Company Registration Number |
5567428767 |
|
Country |
SWEDEN |
|
VAT Registration Number |
SE556742876701 |
|
Date of Company Registration |
14/11/2007 |
|
Legal Form |
Limited liability company |
|
Company Status |
Active |
|
Currency of this Report |
SEK |
|
Principal Activity Description |
Bolaget ska bedriva tillverkning och handel i polymera material, äga
och förvalta fast och lös egendom, förvalta aktier och andra värdepapper och
därmed förenlig verksamhet. |
|
Contact Address |
33012 FORSHEDA |
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Contact Telephone Number |
0370-89000 |
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Activities |
|
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Activity Code |
Activity Description |
|
22190 |
Manufacture of other rubber products |
|
46769 |
Wholesale of other intermediate products n.e.c. |
Contact Information
|
Main Address |
||
|
Address |
Country |
Telephone |
|
Storgatan 26, 33012 FORSHEDA |
SWEDEN |
0370-89000 |
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Other Address |
|
|
Address |
Country |
|
No other addresses for this company. |
|
|
Email Addresses |
|
No information for this company. |
|
Web Pages |
|
No information for this company. |
Directors/Managers
|
Previous Directors |
|||
|
Name |
Appointment Date |
Position |
Resignation Date |
|
Sören Bengt Evert Andersson |
03/03/2011 |
Actual Member of Board |
19/10/2012 |
|
Sven Ulf Runesson Gradén |
03/03/2011 |
Actual Member of Board |
19/10/2012 |
|
Claes Evert Jörvall |
03/03/2011 |
Actual Member of Board |
19/10/2012 |
|
Lars Göran Blomstrand |
21/12/2007 |
Actual Member of Board |
03/03/2011 |
|
Tomas Anders Dalentoft |
13/11/2010 |
Actual Member of Board |
03/03/2011 |
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Bengt Håkan Jönsson |
21/12/2007 |
Actual Member of Board |
03/03/2011 |
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Eva Elisabeth André |
20/11/2008 |
Actual Member of Board |
13/11/2010 |
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Viveca Carina Söderberg |
21/12/2007 |
Actual Member of Board |
20/11/2008 |
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Anita Helena Berggren |
14/11/2007 |
Actual Member of Board |
21/12/2007 |
|
Eva Margareta Eljans |
14/11/2007 |
Substitute |
21/12/2007 |
No negative information
found.
Share Capital Structure
|
Issued Share Capital |
100.000 SEK |
|
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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Ultimate Holding Parent |
|
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Ultimate Holding Company Name |
Trelleborg Aktiebolag |
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Ultimate Holding Company Country |
SWEDEN |
5560063421 |
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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. |
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|
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Affiliates |
||
|
Affiliate Name |
Country |
Number |
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No affiliates for this company. |
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Group Structure
|
Ultimate Holding Parent |
|
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Ultimate Holding Company Name |
Trelleborg Aktiebolag |
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Ultimate Holding Company Country |
SWEDEN |
5560063421 |
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Immediate Holding Parent |
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No information for this company. |
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Subsidiary Companies |
||
|
Subsidiary Name |
Country |
Number |
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No subsidaries for this company. |
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Affiliates |
||
|
Affiliate Name |
Country |
Number |
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No affiliates for this company. |
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Financial Information
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Profit and Loss |
|||
|
Financial Year |
2011 |
2010 |
2009 |
|
Number of Weeks |
52 |
52 |
52 |
|
Currency |
SEK |
SEK |
SEK |
|
Conslotidated Accounts |
N |
N |
N |
|
Revenue |
224.077.000 |
- |
- |
|
Operating Costs |
214.730.000 |
- |
- |
|
Operating Profit |
9.347.000 |
- |
- |
|
Wages & Salaries |
- |
- |
- |
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Depreciation |
- |
- |
- |
|
Financial Income |
- |
- |
- |
|
Financial Expenses |
-66.000 |
- |
- |
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Extraordinary Income |
- |
- |
- |
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Extraordinary Costs |
-66.000 |
- |
- |
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Profit before Tax |
9.281.000 |
- |
- |
|
Tax |
-1.433.000 |
- |
- |
|
Profit after Tax |
9.281.000 |
- |
- |
|
Minority Interests |
- |
- |
- |
|
Other Appropriations |
10.000.000 |
- |
- |
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Retained Profit |
7.848.000 |
- |
- |
|
Balance Sheet |
|||
|
Financial Year |
2011 |
2010 |
2009 |
|
Number of Weeks |
52 |
52 |
52 |
|
Currency |
SEK |
SEK |
SEK |
|
Consolidated Accounts |
N |
N |
N |
|
Land & Buildings |
0 |
0 |
0 |
|
Plant & Machinery |
19.232.000 |
0 |
0 |
|
Other Tangible Assets |
28.130.000 |
0 |
0 |
|
Total Tangible Assets |
47.362.000 |
0 |
0 |
|
Goodwill |
0 |
0 |
0 |
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Other Intangible Assets |
0 |
0 |
0 |
|
Total Intangible Assets |
0 |
0 |
0 |
|
Loans To Group |
0 |
92.000 |
92.000 |
|
Other Loans |
0 |
0 |
0 |
|
Miscellaneous Fixed Assets |
0 |
0 |
1.000 |
|
Total Other Fixed Assets |
0 |
92.000 |
93.000 |
|
TOTAL FIXED ASSETS |
47.362.000 |
92.000 |
93.000 |
|
Work In Progress |
0 |
0 |
0 |
|
Other Inventories |
37.885.000 |
0 |
0 |
|
Total Inventories |
37.885.000 |
0 |
0 |
|
Trade Receivables |
18.947.000 |
0 |
0 |
|
Group Receivables |
38.363.000 |
2.000 |
0 |
|
Miscellaneous Receivables |
7.630.000 |
0 |
0 |
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Total Receivables |
64.940.000 |
2.000 |
0 |
|
Cash |
0 |
0 |
0 |
|
Other Current Assets |
0 |
0 |
0 |
|
TOTAL CURRENT ASSETS |
102.825.000 |
2.000 |
0 |
|
TOTAL ASSETS |
150.187.000 |
94.000 |
93.000 |
|
Trade Payables |
40.175.000 |
0 |
0 |
|
Bank Liabilities |
0 |
0 |
0 |
|
Group Payables |
64.077.000 |
0 |
0 |
|
Miscellaneous Liabilities |
26.733.000 |
0 |
0 |
|
TOTAL CURRENT LIABILITIES |
130.985.000 |
0 |
0 |
|
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 |
1.388.000 |
0 |
0 |
|
TOTAL LONG TERM LIABILITIES |
1.388.000 |
0 |
0 |
|
TOTAL LIABILITIES |
132.373.000 |
0 |
0 |
|
Called Up Share Capital |
100.000 |
100.000 |
100.000 |
|
Share Premium |
0 |
0 |
0 |
|
Revenue Reserves |
7.842.000 |
-7.000 |
-7.000 |
|
Other Reserves |
9.872.000 |
1.000 |
0 |
|
TOTAL SHAREHOLDERS EQUITY |
17.814.000 |
94.000 |
93.000 |
|
Other Financials |
|||
|
Contingent Liabilities |
0 |
0 |
0 |
|
Working Capital |
-28.160.000 |
2.000 |
0 |
|
Net Worth |
17.814.000 |
94.000 |
93.000 |
|
Ratios |
|||
|
Pre-Tax Profit Margin |
4.14 % |
|
|
|
Return On Capital Employed |
3.30 % |
|
|
|
Return On Total Assets Employed |
6.18 % |
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|
|
Return On Net Assets Employed |
52.10 % |
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|
|
Sales/Net Working Capital |
-7.96 |
0.00 |
|
|
Stock Turnover Ratio |
16.91 % |
|
|
|
Debtor Days |
30.86 |
|
|
|
Creditor Days |
65.44 |
|
|
|
Current Ratio |
0.79 |
|
|
|
Liquidity Ratio/Acid Test |
0.50 |
|
|
|
Current Debt Ratio |
7.35 |
0.00 |
0.00 |
|
Gearing |
|
|
|
|
Equity In Percentage |
11.86 % |
4700.00 % |
|
|
Total Debt Ratio |
7.43 |
0.00 |
0.00 |
Na
|
Employee Information |
|
|
Year |
Number of Employees |
|
2011 |
123 |
|
2010 |
0 |
|
2009 |
0 |
|
2008 |
0 |
|
Advisors |
|
|
Auditor Name |
PricewaterhouseCoopers AB |
|
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 |
22190 |
|
Activity Description |
Manufacture of other rubber products |
|
Industry Average Credit Rating |
84 (1 - 100) |
|
Industry Average Credit Limit |
2.390.000 SEK |
|
Event History |
|
|
Event Date |
Event Description |
|
20/10/2012 |
Authorised signatory, changed |
|
20/10/2012 |
Limit, decrease |
|
20/10/2012 |
Company representatives, changed |
|
01/08/2012 |
Annual account, new |
|
01/08/2012 |
Limit, increase |
|
12/07/2012 |
Annual report (PDF), new |
|
01/07/2012 |
Address, changed |
|
06/12/2011 |
Certificate, registered |
|
03/11/2011 |
Authorised signatory, changed |
|
03/11/2011 |
Board, changed |
|
03/11/2011 |
Company representatives, changed |
|
20/09/2011 |
Status, changed |
|
23/07/2011 |
Company representatives, changed |
|
23/07/2011 |
Board, changed |
|
18/07/2011 |
Annual account, new |
|
18/07/2011 |
Status, changed |
|
12/07/2011 |
Annual report (PDF), new |
|
28/06/2011 |
Fax number, new |
|
28/06/2011 |
Phone number, new |
|
24/06/2011 |
Employment tax, changed |
|
02/06/2011 |
VAT, changed |
|
13/05/2011 |
Company tax, changed |
|
13/05/2011 |
Status, changed |
|
04/03/2011 |
Company representatives, changed |
|
04/03/2011 |
Authorised signatory, changed |
|
04/03/2011 |
Board, changed |
|
04/03/2011 |
Company name, changed (old name: Dormvilnio AB) |
|
16/11/2010 |
Company representatives, changed |
|
16/11/2010 |
Board, changed |
|
16/11/2010 |
Authorised signatory, changed |
|
24/09/2010 |
Company representatives, changed |
|
24/09/2010 |
Board, changed |
|
14/06/2010 |
Annual account, new |
|
14/06/2010 |
Status, changed |
|
09/06/2010 |
Annual report (PDF), new |
|
06/07/2009 |
Annual account, new |
|
25/06/2009 |
Company representatives, changed |
|
25/06/2009 |
Company business activity, changed |
|
18/06/2009 |
Annual report (PDF), new |
|
21/11/2008 |
Company representatives, changed |
|
21/11/2008 |
Board, changed |
|
21/11/2008 |
Authorised signatory, changed |
|
04/02/2008 |
Address, changed |
|
27/12/2007 |
Place of residence, changed |
|
27/12/2007 |
Board, changed |
|
27/12/2007 |
Company representatives, changed |
|
27/12/2007 |
Authorised signatory, changed |
|
27/12/2007 |
Address, changed |
|
27/12/2007 |
Company business activity, changed |
|
26/12/2007 |
Address, changed |
|
26/12/2007 |
Authorised signatory, changed |
|
26/12/2007 |
Place of residence, changed |
|
26/12/2007 |
Company representatives, changed |
|
26/12/2007 |
Board, changed |
|
26/12/2007 |
Company business activity, changed |
|
25/12/2007 |
Place of residence, changed |
|
25/12/2007 |
Board, changed |
|
25/12/2007 |
Company representatives, changed |
|
25/12/2007 |
Authorised signatory, changed |
|
25/12/2007 |
Address, changed |
|
25/12/2007 |
Company business activity, changed |
|
19/11/2007 |
Address, changed |
|
15/11/2007 |
Authorised signatory, changed |
|
15/11/2007 |
Board, changed |
|
15/11/2007 |
Company business activity, changed |
|
15/11/2007 |
Company representatives, changed |
Na
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.08 |
|
|
1 |
Rs.86.68 |
|
Euro |
1 |
Rs.69.36 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.