|
Report Date : |
08.09.2012 |
IDENTIFICATION DETAILS
|
Name : |
HELLENIC TRADING AB |
|
|
|
|
Registered Office : |
43655 Hovas |
|
|
|
|
Country : |
Sweden |
|
|
|
|
Financials (as on) : |
2011 |
|
|
|
|
Date of Incorporation : |
22.03.1993 |
|
|
|
|
Com. Reg. No.: |
5564644440 |
|
|
|
|
Legal Form : |
Limited
Liability Company |
|
|
|
|
Line of Business : |
Business
and other management consultancy activities |
|
|
|
|
No. of Employees : |
02 employees |
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 |
A2 |
A2 |
|
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 |
|
Business Name |
Hellenic Trading AB |
|
Country |
SWEDEN |
|
Company Registration Number |
5564644440 |
|
Main Activity |
Business
and other management consultancy activities |
|
Activity Code |
70220 |
|
Company Status |
Active |
|
Latest Turnover Figure - |
|
|
Latest Shareholder Equity Figure |
13.844.000
SEK |
|
Basic Information |
|
|
Business Name |
Hellenic
Trading AB |
|
Registered Company Name |
Hellenic
Trading AB |
|
Company Registration Number |
5564644440 |
|
Country |
SWEDEN |
|
VAT Registration Number |
SE556464444001 |
|
Date of Company Registration |
22/03/1993 |
|
Legal Form |
Limited
liability company |
|
Company Status |
Active |
|
Currency of this Report |
SEK |
|
Principal Activity Description |
Bolaget ska bedriva agenturverksamhet
samt import och export av textilier och konfektion samt annan darmed
fbrenlig verksamhet. (he Company will conduct agency business, import and
export of textiles and clothing, and other related fbrenlig
business.) |
|
Contact Address |
43655
HOVAS |
|
Contact Telephone Number |
031-7206808 |
|
|
|
|
Activities |
|
|
|
|
|
70220 |
Business and
other management consultancy activities |
|
46160 |
Agents
involved in the sale of textiles, clothing, fur, footwear and leather goods |
|
Profit
and Loss |
|||
|
Financial Year |
2011 |
2010 |
2009 |
|
Number of Weeks |
52 |
52 |
69 |
|
Currency |
SEK |
SEK |
SEK |
|
Conslotidated Accounts |
N |
N |
N |
|
Revenue |
1.046.000 |
1.148.000 |
|
|
Operating Costs |
1.223.000 |
1.369.000 |
2.196.000 |
|
Operating Profit |
-177.000 |
-221.000 |
-2.196.000 |
|
Wages & Salaries |
-784.000 |
-1.152.000 |
-45.000 |
|
Depreciation |
-8.000 |
-12.000 |
-17.000 |
|
Financial Income |
|
|
3.000 |
|
Financial Expenses |
|
-7.000 |
-2.000 |
|
Extraordinary Income |
|
|
|
|
Extraordinary Costs |
|
-7.000 |
-2.000 |
|
Profit before Tax |
2.246.000 |
-228.000 |
-2.195.000 |
|
Tax |
18.000 |
49.000 |
575.000 |
|
Profit after Tax |
2.246.000 |
-228.000 |
-2.195.000 |
|
Minority Interests
--
-- -- |
|||
|
Other Appropriations |
|
|
|
|
Retained Profit |
2.264.000 |
-179.000 |
-1.620.000 |
|
|
|||
|
Balance
Sheet |
|||
|
Financial Year |
2011 |
2010 |
2009 |
|
Number of Weeks |
52 |
52 |
69 |
|
Currency |
SEK |
SEK |
SEK |
|
Consolidated Accounts |
N |
N |
N |
|
Land & Buildings |
0 |
0 |
0 |
|
Plant & Machinery |
0 |
0 |
0 |
|
Other Tangible Assets |
155.000 |
0 |
0 |
|
Total Tangible Assets |
155.000 |
0 |
0 |
|
Goodwill |
0 |
0 |
0 |
|
Other Intangible Assets |
0 |
8.000 |
20.000 |
|
Total Intangible Assets |
0 |
8.000 |
20.000 |
|
Loans To Group |
0 |
0 |
52.000 |
|
Other Loans |
0 |
0 |
0 |
|
Miscellaneous Fixed Assets |
10.816.000 |
11.064.000 |
12.296.000 |
|
Total Other Fixed Assets |
10.816.000 |
11.064.000 |
12.348.000 |
|
TOTAL FIXED ASSETS |
10.971.000 |
11.072.000 |
12.368.000 |
|
Work In Progress |
0 |
0 |
0 |
|
Other Inventories |
0 |
0 |
0 |
|
Total Inventories |
0 |
0 |
0 |
|
Trade Receivables |
0 |
0 |
0 |
|
Group Receivables |
2.460.000 |
241.000 |
0 |
|
Miscellaneous Receivables |
91.000 |
361.000 |
69.000 |
|
Total Receivables |
2.551.000 |
602.000 |
69.000 |
|
Cash |
443.000 |
0 |
6.000 |
|
Other Current Assets |
0 |
0 |
0 |
|
TOTAL CURRENT ASSETS |
2.994.000 |
602.000 |
75.000 |
|
TOTAL ASSETS |
13.965.000 |
11.674.000 |
12.443.000 |
|
Trade Payables |
0 |
0 |
0 |
|
Bank Liabilities |
0 |
0 |
0 |
|
Group Payables |
0 |
0 |
0 |
|
Miscellaneous Liabilities |
121.000 |
94.000 |
684.000 |
|
TOTAL CURRENT LIABILITIES |
121.000 |
94.000 |
684.000 |
|
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 |
0 |
0 |
0 |
|
TOTAL LIABILITIES |
121.000 |
94.000 |
684.000 |
|
Called Up Share Capital |
8.250.000 |
8.250.000 |
8.250.000 |
|
Share Premium |
0 |
0 |
0 |
|
Revenue Reserves |
3.944.000 |
1.680.000 |
1.859.000 |
|
Other Reserves |
1.650.000 |
1.650.000 |
1.650.000 |
|
TOTAL SHAREHOLDERS EQUITY |
13.844.000 |
11.580.000 |
11.759.000 |
|
|
|||
|
Other
Financials |
|||
|
Contingent Liabilities |
7.094.000 |
4.587.000 |
3.688.000 |
|
Working Capital |
2.873.000 |
508.000 |
-609.000 |
|
Net Worth |
13.844.000 |
11.572.000 |
11.739.000 |
|
|
|||
|
Ratios |
|||
|
Pre-Tax Profit Margin |
214.72 % |
-19.86 % |
|
|
Return On Capital Employed |
15.94 % |
-1.94 % |
-16.72 % |
|
Return On Total Assets Employed |
16.08 % |
-1.95 % |
-17.64 % |
|
Return On Net Assets Employed |
16.22 % |
-1.97 % |
-18.67 % |
|
Sales/Net Working Capital |
0.36 |
2.26 |
0.00 |
|
Stock Turnover Ratio |
|
|
|
|
Debtor Days |
0.00 |
0.00 |
|
|
Creditor Days |
0.00 |
0.00 |
|
|
Current Ratio |
24.74 |
6.40 |
0.11 |
|
Liquidity Ratio/Acid Test |
24.74 |
6.40 |
0.11 |
|
Current Debt Ratio |
0.01 |
0.01 |
0.06 |
|
Gearing |
|
|
|
|
Equity In Percentage |
439.63 % |
1923.59 % |
15678.67 % |
|
Total Debt Ratio |
0.01 |
0.01 |
0.06 |
|
Main Address |
||
|
Address |
Country |
Telephone |
|
Bjbrklundavagen 22, 43655
HOVAS |
SWEDEN |
031-7206808 |
Other
Address
Address Country
No other
addresses for this company.
Email
Addresses
Web Pages
No information for this company.
Issued Share Capital 8.250.000SEK
|
Current Directors |
|||
|
Name |
Appointment Date |
Position |
|
|
Johan Ilias Manganas |
22/03/1993 |
Actual
Member of Board |
|
Previous directors
|
Name |
Appointment Date |
Position |
Resignation Date |
|
Jan Gunnar Lindh |
22/03/1993 |
Actual
Member of Board |
11/07/2011 |
|
Johan Ilias Manganas |
14/02/2011 |
Chairman
of Board |
11/07/2011 |
|
Lennart Evert Gustavsson |
22/03/1993 |
Actual
Member of Board |
14/02/2011 |
|
Satu Kristiina
Davis Manganas |
14/02/2011 |
Substitute |
|
Ultimate
Holding Parent
No information
for this company.
Immediate
Holding Parent
|
|
No information for this company.
|
Subsidiary Companies |
|||
|
Subsidiary Name |
Country |
Number |
|
|
HELLENIC
INTERNATIONAL (HONGKONG) LIMITED |
HONG KONG |
|
|
|
HELLENIC
INTERNATIONAL LIMITED |
BANGLADESH |
|
|
|
Affiliates |
||
|
Affiliate Name |
Country |
Number |
No affiliates for this company .
Other information
|
Employee Information |
|
|
Year |
Number of Employees |
|
2011 |
2 |
|
2010 |
2 |
|
2009 |
1 |
|
2008 1 |
|
|
2007 |
1 |
Advisors
Auditor
name Per Kristian Raa
|
Tax Registrations |
||
|
Registered for Tax |
|
Yes |
|
Registered for VAT |
Yes |
|
|
Registered for Employee Tax |
|
Yes |
|
|
||
|
Certificates |
||
|
Type |
Category |
Issuer |
|
No certificate
information for this company. |
||
|
|
||
|
Industry Comparison |
||
|
Activity Code |
|
70220 |
|
Activity Description |
Business
and other management consultancy activities |
|
|
|
||
|
Event History |
||
|
Event Date |
Event Description |
|
|
06/09/2012 |
Annual
account, new |
|
|
06/09/2012 |
|
Limit,
decrease |
|
13/07/2012 |
Annual
report (PDF), new |
|
|
15/05/2012 |
|
Address,
changed |
|
24/01/2012 |
Phone
number, changed |
|
|
14/01/2012 |
|
VAT,
changed |
|
12/07/2011 |
Authorised signatory, changed |
|
|
12/07/2011 |
|
Company
representatives, changed |
|
12/07/2011 |
Board,
changed |
|
|
08/07/2011 |
|
Annual
account, new |
|
08/07/2011 |
Limit,
increase |
|
|
30/06/2011 |
|
Annual
report (PDF), new |
|
29/03/2011 |
Fax
number, new |
|
|
29/03/2011 |
|
Phone number,
new |
|
15/02/2011 |
Board,
changed |
|
|
15/02/2011 |
|
Authorised signatory, changed |
|
15/02/2011 |
Company
representatives, changed |
|
|
10/12/2010 |
|
Company
representatives, changed |
|
10/12/2010 |
Authorised signatory, changed |
|
|
10/12/2010 |
|
Board,
changed |
|
12/08/2010 |
Annual
account, new |
|
|
12/08/2010 |
|
Limit,
decrease |
|
30/07/2010 |
Annual
report (PDF), new |
|
|
09/09/2009 |
|
Company
business activity, changed |
|
20/05/2009 |
Annual
account, new |
|
|
12/05/2009 |
|
Annual
report (PDF), new |
|
03/04/2009 |
Annual
account, new |
|
|
03/04/2009 |
|
Limit,
increase |
|
24/03/2009 |
Annual
report (PDF), new |
|
|
12/09/2008 |
|
Board,
changed |
|
12/09/2008 |
Company
representatives, changed |
|
|
12/09/2008 |
|
Authorised signatory, changed |
|
10/03/2008 |
Annual
account, new |
|
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 --
Number of reclaimed/revoked applications --
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.52 |
|
UK Pound |
1 |
Rs.88.49 |
|
Euro |
1 |
Rs.70.20 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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.