|
Report Date : |
18.10.2012 |
IDENTIFICATION DETAILS
|
Name : |
CONSILIUM MARINE & SAFETY AKTIEBOLAG |
|
|
|
|
Registered Office : |
Box 8763, 40276 Göteborg |
|
|
|
|
Country : |
Sweden |
|
|
|
|
Financials (as on) : |
31.12.2011 |
|
|
|
|
Date of Incorporation : |
03.02.1960 |
|
|
|
|
Legal Form : |
Limited liability company |
|
|
|
|
line of business
: |
Manufacture of communication equipment |
|
|
|
|
No. of Employees : |
172 |
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, 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 |
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 |
CONSILIUM MARINE & SAFETY AKTIEBOLAG |
|
Country |
SWEDEN |
|
Company Registration Number |
5560709353 |
|
Main Activity |
Manufacture of communication equipment |
|
Activity Code |
26300 |
|
Company Status |
Active |
|
Latest Turnover Figure |
548.954.000 SEK |
|
Latest Shareholder Equity Figure |
32.878.000 SEK |
|
Rating Description |
Very good credit worthiness |
|
Credit Limit |
25.000.000 SEK |
|
Current Directors |
||
|
Name |
Appointment Date |
Position |
|
Ove Lennart Hansson |
01/07/1994 |
Actual Member of Board |
|
Carl Adam Nils Mathias Carlsson Rosenblad |
28/12/1999 |
Actual Member of Board |
|
Björn Hans Nicklas Bergström |
22/11/2010 |
Substitute |
|
Previous Directors |
|||
|
Name |
Appointment Date |
Position |
Resignation Date |
|
Björn Hans Nicklas Bergström |
10/08/2006 |
Substitute |
03/06/2010 |
|
Jan-Erik Lindström |
04/09/2007 |
Actual Member of Board |
22/11/2010 |
|
Carl Eberhard Rosenblad |
20/11/1991 |
Actual Member of Board |
03/06/2010 |
No negative information found
|
Issued Share Capital |
22.000.000 SEK |
|
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 |
5 |
|
Number of applications for an order to pay |
9 |
|
Number of reclaimed/revoked applications |
19 |
|
Latest Private Claim |
|
|
Date |
22/08/2011 |
|
Amount |
52.125 SEK |
|
Creditor |
Cadcraft AB |
|
Comments |
Decision |
|
Ultimate Holding Parent |
|
|
|
Ultimate Holding Company Name |
Consilium Aktiebolag |
|
|
Ultimate Holding Company Country |
SWEDEN |
5564803327 |
|
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. |
|
|
|
Profit and Loss |
|||
|
Financial Year |
2011 |
2010 |
2009 |
|
Number of Weeks |
52 |
52 |
52 |
|
Currency |
SEK |
SEK |
SEK |
|
Conslotidated Accounts |
N |
N |
N |
|
Revenue |
569.121.000 |
554.512.000 |
390.576.000 |
|
Operating Costs |
565.117.000 |
528.557.000 |
328.420.000 |
|
Operating Profit |
4.004.000 |
25.955.000 |
62.156.000 |
|
Wages & Salaries |
- |
- |
- |
|
Depreciation |
- |
- |
- |
|
Financial Income |
159.000 |
620.000 |
426.000 |
|
Financial Expenses |
-6.846.000 |
-9.750.000 |
-1.918.000 |
|
Extraordinary Income |
- |
- |
- |
|
Extraordinary Costs |
-6.846.000 |
-9.750.000 |
-1.918.000 |
|
Profit before Tax |
-1.798.000 |
17.775.000 |
60.647.000 |
|
Tax |
1.447.000 |
-3.945.000 |
-20.272.000 |
|
Profit after Tax |
-1.798.000 |
17.775.000 |
60.647.000 |
|
Minority Interests |
- |
- |
- |
|
Other Appropriations |
- |
- |
16.240.000 |
|
Retained Profit |
-351.000 |
13.830.000 |
40.375.000 |
|
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 |
0 |
0 |
0 |
|
Other Tangible Assets |
2.735.000 |
3.703.000 |
659.000 |
|
Total Tangible Assets |
2.735.000 |
3.703.000 |
659.000 |
|
Goodwill |
20.436.000 |
22.086.000 |
19.408.000 |
|
Other Intangible Assets |
94.986.000 |
101.805.000 |
1.893.000 |
|
Total Intangible Assets |
115.422.000 |
123.891.000 |
21.301.000 |
|
Loans To Group |
59.326.000 |
23.109.000 |
27.395.000 |
|
Other Loans |
0 |
0 |
0 |
|
Miscellaneous Fixed Assets |
14.542.000 |
14.460.000 |
165.000 |
|
Total Other Fixed Assets |
73.868.000 |
37.569.000 |
27.560.000 |
|
TOTAL FIXED ASSETS |
192.025.000 |
165.163.000 |
49.520.000 |
|
Work In Progress |
0 |
0 |
0 |
|
Other Inventories |
56.061.000 |
65.278.000 |
2.061.000 |
|
Total Inventories |
56.061.000 |
65.278.000 |
2.061.000 |
|
Trade Receivables |
55.653.000 |
63.961.000 |
39.382.000 |
|
Group Receivables |
64.723.000 |
81.304.000 |
62.298.000 |
|
Miscellaneous Receivables |
17.211.000 |
26.141.000 |
10.866.000 |
|
Total Receivables |
137.587.000 |
171.406.000 |
112.546.000 |
|
Cash |
6.332.000 |
3.596.000 |
1.183.000 |
|
Other Current Assets |
0 |
0 |
0 |
|
TOTAL CURRENT ASSETS |
199.980.000 |
240.280.000 |
115.790.000 |
|
TOTAL ASSETS |
392.005.000 |
405.443.000 |
165.310.000 |
|
Trade Payables |
85.109.000 |
117.131.000 |
7.577.000 |
|
Bank Liabilities |
0 |
0 |
0 |
|
Group Payables |
31.291.000 |
0 |
8.895.000 |
|
Miscellaneous Liabilities |
37.903.000 |
38.876.000 |
37.312.000 |
|
TOTAL CURRENT LIABILITIES |
154.303.000 |
156.007.000 |
53.784.000 |
|
Bank Liabilities Due After 1 Year |
119.628.000 |
119.616.000 |
60.210.000 |
|
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 |
5.578.000 |
5.250.000 |
2.145.000 |
|
TOTAL LONG TERM LIABILITIES |
204.824.000 |
220.261.000 |
85.126.000 |
|
TOTAL LIABILITIES |
359.127.000 |
376.268.000 |
138.910.000 |
|
Called Up Share Capital |
22.000.000 |
22.000.000 |
22.000.000 |
|
Share Premium |
0 |
0 |
0 |
|
Revenue Reserves |
2.424.000 |
2.775.000 |
40.375.000 |
|
Other Reserves |
8.454.000 |
4.400.000 |
-35.975.000 |
|
TOTAL SHAREHOLDERS EQUITY |
32.878.000 |
29.175.000 |
26.400.000 |
|
Other Financials |
|||
|
Contingent Liabilities |
0 |
0 |
0 |
|
Working Capital |
45.677.000 |
84.273.000 |
62.006.000 |
|
Net Worth |
-82.544.000 |
-94.716.000 |
5.099.000 |
|
Ratios |
|||
|
Pre-Tax Profit Margin |
-0.32 % |
3.21 % |
15.53 % |
|
Return On Capital Employed |
-0.33 % |
3.17 % |
27.68 % |
|
Return On Total Assets Employed |
-0.46 % |
4.38 % |
36.69 % |
|
Return On Net Assets Employed |
-5.47 % |
60.93 % |
229.72 % |
|
Sales/Net Working Capital |
12.46 |
6.58 |
6.30 |
|
Stock Turnover Ratio |
9.85 % |
11.77 % |
0.53 % |
|
Debtor Days |
35.69 |
42.10 |
36.80 |
|
Creditor Days |
54.58 |
77.10 |
7.08 |
|
Current Ratio |
1.30 |
1.54 |
2.15 |
|
Liquidity Ratio/Acid Test |
0.93 |
1.12 |
2.11 |
|
Current Debt Ratio |
4.69 |
5.35 |
2.04 |
|
Gearing |
606.02 % |
736.97 % |
314.32 % |
|
Equity In Percentage |
16.22 % |
11.96 % |
22.67 % |
|
Total Debt Ratio |
10.92 |
12.90 |
5.26 |
N/a
|
Basic
Information |
|
|
Business Name |
Consilium Marine & Safety Aktiebolag |
|
Registered Company Name |
Consilium Marine & Safety Aktiebolag |
|
Company Registration Number |
5560709353 |
|
Country |
SWEDEN |
|
VAT Registration Number |
SE556070935301 |
|
Date of Company Registration |
03/02/1960 |
|
Legal Form |
Limited liability company |
|
Company Status |
Active |
|
Currency of this Report |
SEK |
|
Principal Activity Description |
The company is active in the field of security, where the company has been
the object of which is to develop and market marine and industrial equipment such as fire and
gas warning that for marine installations develop and |
|
Contact Address |
40276 GÖTEBORG |
|
Contact Telephone Number |
031-7107700 |
|
Activities |
|
|
Activity Code |
Activity Description |
|
26300 |
Manufacture of communication equipment |
|
46691 |
Wholesale of measuring and precision instruments |
|
46699 |
Wholesale of other machinery and equipment n.e.c. |
|
70220 |
Business and other management consultancy activities |
|
Main Address |
||
|
Address |
Country |
Telephone |
|
Box 8763, 40276 GÖTEBORG |
SWEDEN |
031-7107700 |
|
Other Address |
|
|
Address |
Country |
|
Västra Finnbodavägen 2, NACKA 13130 |
SWEDEN |
|
Email Addresses |
|
No information for this company. |
|
Web Pages |
|
No information for this company. |
|
Employee
Information |
|
|
Year |
Number of Employees |
|
2011 |
172 |
|
2010 |
184 |
|
2009 |
61 |
|
2008 |
55 |
|
2007 |
47 |
|
Advisors |
|
|
Auditor Name |
Peter Mikael Sjöberg |
|
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 |
26300 |
|
Activity Description |
Manufacture of communication equipment |
|
Industry Average Credit Rating |
72 (1 - 100) |
|
Industry Average Credit Limit |
1.396.000 SEK |
|
Event History |
|
|
Event Date |
Event Description |
|
09/10/2012 |
Annual account, new |
|
09/10/2012 |
Group annual accout, new |
|
27/08/2012 |
Annual report (PDF), new |
|
23/09/2011 |
Annual account, new |
|
06/09/2011 |
Annual report (PDF), new |
|
29/03/2011 |
Fax number, new |
|
29/03/2011 |
Phone number, new |
|
23/11/2010 |
Company representatives, changed |
|
23/11/2010 |
Authorised signatory, changed |
|
23/11/2010 |
Board, changed |
|
13/09/2010 |
Annual account, new |
|
01/09/2010 |
Annual report (PDF), new |
|
04/06/2010 |
Board, changed |
|
04/06/2010 |
Company representatives, changed |
|
04/06/2010 |
Authorised signatory, changed |
|
11/01/2010 |
Annual account, new |
|
11/01/2010 |
Limit, increase |
|
08/01/2010 |
Company business activity, changed |
|
08/01/2010 |
Company name, changed (old name: Consilium Marine Aktiebolag) |
|
21/12/2009 |
Annual report (PDF), new |
|
15/09/2009 |
Limit, decrease |
|
15/09/2009 |
Annual account, new |
|
31/08/2009 |
Annual report (PDF), new |
|
13/08/2008 |
Annual account, new |
|
30/07/2008 |
Annual report (PDF), new |
N/a
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.52.75 |
|
UK Pound |
1 |
Rs.85.07 |
|
Euro |
1 |
Rs.69.04 |
INFORMATION DETAILS
|
Report Prepared
by : |
SDA |
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.