MIRA INFORM REPORT

Report Date :

02.10.2012

IDENTIFICATION DETAILS

Name :	TETRA PAK PACKAGING SOLUTIONS AKTIEBOLAG
Registered Office :	Ruben Rausings gata, 22186 LUND
Country :	Sweden
Financials (as on) :	2011
Date of Incorporation :	03.09.1991
Com. Reg. No.:	5564322112
Legal Form :	Limited Liability Company
Line of Business :	Wholesale of other machinery and equipment
No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

B

RATING		STATUS	PROPOSED CREDIT LINE
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small

Status :	Moderate
Payment Behaviour :	Unknown
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 30^th, 2012

Country Name	Previous Rating (31.03.2011)	Current Rating (30.06.2012)
Sweden	A1	A1

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
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

REGISTERED NAME & COMPANY SUMMARY

Company Summary

Business Name	Tetra Pak Packaging Solutions Aktiebolag
Country	SWEDEN
Company Registration Number	5564322112
Main Activity	Wholesale of other machinery and equipment n.e.c.
Activity Code	46699
Company Status	Other
Latest Turnover Figure	-
Latest Shareholder Equity Figure	100.000 SEK

Basic Information
Business Name	Tetra Pak Packaging Solutions Aktiebolag
Registered Company Name	Tetra Pak Packaging Solutions Aktiebolag
Company Registration Number	5564322112
Country	SWEDEN
VAT Registration Number	SE556432211201
Date of Company Registration	03/09/1991
Legal Form	Limited liability company
Company Status	Other
Currency of this Report	SEK
Principal Activity Description	Bolaget skall bedriva förvaltning av fast och lös egendom, utveckling, försäljning och tillverkning av fyllnings- och förpackningsmaskiner samt annan utrustning för förpackning och distribution av flytande livsmedel samt annan därmed förenlig verksamhet.
Contact Address	22186 LUND
Contact Telephone Number	046-361000

Main Address
Address	Country	Telephone
Ruben Rausings gata, 22186 LUND	SWEDEN	046-361000

Other Address
Address	Country
Norra Vallgatan 100, MALMÖ 21122	SWEDEN
Bryggaregatan 23, LUND 22736	SWEDEN

Email Addresses

No information for this company.

Web Pages

www.tetrapak.com

Share Capital Structure

DIRECTORS/MANAGEMENT

Current Directors
Name	Appointment Date	Position
Hans Johan Magnus Nilsson	19/03/2012	Actual Member of Board
Michael Christian Grosse	20/01/2007	Actual Member of Board
Sam-Gregor Hubertus Sigurdsson Strömerstén	04/07/2011	Actual Member of Board
Kjell Arne Jerry Bengtson	25/09/2009	Actual Member of Board

Previous Directors
Name	Appointment Date	Position	Resignation Date
Kent Göran Harrysson	20/01/2007	Actual Member of Board	19/03/2012
Kjell Arne Jerry Bengtson	25/09/2009	Chairman of Board	19/03/2012
Backlund, Ulf Eric	25/10/2001	Actual Member of Board	04/07/2011
Connie Ingemar Kristensson	14/06/2006	Actual Member of Board	25/09/2009

Group Structure

NEGATIVE INFORMATION

N/a

SHARE & SHARE CAPITAL INFORMATION

Issued Share Capital

100.000 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	-
Number of private claims	-
Number of applications for an order to pay	1
Number of reclaimed/revoked applications	2

GROUP STRUCTURE & AFFILIATED COMPANIES

Ultimate Holding Parent
Ultimate Holding Company Name	TETRA LAVAL HOLDINGS BV
Ultimate Holding Company Country	NETHERLANDS

Immediate Holding Parent

No information for this company.

Subsidiary Companies
Subsidiary Name	Country	Number
No subsidiaries for this company.

Affiliates
Affiliate Name	Country	Number
No affiliates for this company.

Other Information

FINANCIAL INFORMATION

Profit and Loss
Financial Year	2011	2010	2009
Number of Weeks	52	52	52
Currency	SEK	SEK	SEK
Conslotidated Accounts	N	N	N
Revenue	-	-	-
Operating Costs	-	-	-
Operating Profit	-	-	-
Wages & Salaries	-	-	-
Depreciation	-	-	-
Financial Income	-	-	-
Financial Expenses	-	-	-
Extraordinary Income	-	-	-
Extraordinary Costs	-	-	-
Profit before Tax	-	-	-
Tax	-	-	-
Profit after Tax	-	-	-
Minority Interests	-	-	-
Other Appropriations	-	-	-
Retained Profit	-	-	-

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	0	0	0
Other Tangible Assets	0	0	0
Total Tangible Assets	0	0	0
Goodwill	0	0	0
Other Intangible Assets	0	0	0
Total Intangible Assets	0	0	0
Loans To Group	100.000	100.000	100.000
Other Loans	0	0	0
Miscellaneous Fixed Assets	0	0	0
Total Other Fixed Assets	100.000	100.000	100.000
TOTAL FIXED ASSETS	100.000	100.000	100.000
Work In Progress	0	0	0
Other Inventories	0	0	0
Total Inventories	0	0	0
Trade Receivables	0	0	0
Group Receivables	0	0	0
Miscellaneous Receivables	0	0	0
Total Receivables	0	0	0
Cash	0	0	0
Other Current Assets	0	0	0
TOTAL CURRENT ASSETS	0	0	0
TOTAL ASSETS	100.000	100.000	100.000
Trade Payables	0	0	0
Bank Liabilities	0	0	0
Group Payables	0	0	0
Miscellaneous Liabilities	0	0	0
TOTAL CURRENT LIABILITIES	0	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	0	0	0
TOTAL LONG TERM LIABILITIES	0	0	0
TOTAL LIABILITIES	0	0	0
Called Up Share Capital	100.000	100.000	100.000
Share Premium	0	0	0
Revenue Reserves	0	0	0
Other Reserves	0	0	0
TOTAL SHAREHOLDERS EQUITY	100.000	100.000	100.000

Other Financials
Contingent Liabilities	0	0	0
Working Capital	0	0	0
Net Worth	100.000	100.000	100.000

Ratios
Pre-Tax Profit Margin
Return On Capital Employed
Return On Total Assets Employed
Return On Net Assets Employed
Sales/Net Working Capital
Stock Turnover Ratio
Debtor Days
Creditor Days
Current Ratio
Liquidity Ratio/Acid Test
Current Debt Ratio	0.00	0.00	0.00
Gearing
Equity In Percentage
Total Debt Ratio	0.00	0.00	0.00

Credit Score

FOREIGN EXCHANGE RATES

N/a

ADDITIONAL INFORMATION

Activities
Activity Code	Activity Description
46699	Wholesale of other machinery and equipment n.e.c.
46769	Wholesale of other intermediate products n.e.c.
71122	Industrial engineering activities and related technical consultancy
68203	Renting and operating of own or leased other premises

Employee Information
Year	Number of Employees
2011	0
2010	0
2009	0
2008	0
2007	0

Advisors
Auditor Name	Tomas Johan Thuresson

Additional Information

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	46699
Activity Description	Wholesale of other machinery and equipment n.e.c.
Industry Average Credit Rating	75 (1 - 100)
Industry Average Credit Limit	393.000 SEK

Event History
Event Date	Event Description
14/05/2012	Annual account, new
12/05/2012	Board, changed
12/05/2012	Company representatives, changed
09/05/2012	Annual report (PDF), new
20/03/2012	Company representatives, changed
20/03/2012	Board, changed
20/03/2012	Authorised signatory, changed
30/08/2011	Company representatives, changed
30/08/2011	Authorised signatory, changed
30/08/2011	Board, changed
17/08/2011	Authorised signatory, changed
17/08/2011	Board, changed
17/08/2011	Company representatives, changed
05/07/2011	Authorised signatory, changed
05/07/2011	Board, changed
05/07/2011	Company representatives, changed
27/05/2011	Annual account, new
24/05/2011	Annual report (PDF), new
29/03/2011	Fax number, new
10/02/2011	Authorised signatory, changed
10/02/2011	Board, changed
10/02/2011	Company representatives, changed
27/05/2010	Annual account, new
18/05/2010	Annual report (PDF), new
28/09/2009	Board, changed
28/09/2009	Authorised signatory, changed
28/09/2009	Company representatives, changed
08/09/2009	Company representatives, changed
08/09/2009	Board, changed
08/09/2009	Authorised signatory, changed
16/06/2009	Annual account, new
05/06/2009	Annual report (PDF), new
03/04/2009	Authorised signatory, changed
03/04/2009	Board, changed
03/04/2009	Company representatives, changed
09/06/2008	Annual account, new
20/05/2008	Annual report (PDF), new

Negative Information

NOTES & COMMENTS

N/a

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.52.78
UK Pound	1	Rs.85.16
Euro	1	Rs.67.78

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.