|
Report Date : |
27.04.2013 |
IDENTIFICATION DETAILS
|
Name : |
MALARPLÅT AB |
|
|
|
|
Registered Office : |
Malmtippsvägen 1, 72132 Västerås |
|
|
|
|
Country : |
Sweden |
|
|
|
|
Financials (as on) : |
2012 |
|
|
|
|
Date of Incorporation : |
11.03.2004 |
|
|
|
|
Com. Reg. No.: |
5566576137 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
Wholesaler of metals and metal ores |
|
|
|
|
No. of Employees : |
04 (2012) |
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 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
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, but growth slipped to 1.2% in 2012. The government proposed stimulus measures in 2012 to curb the effects of a global economic slowdown and boost employment and growth.
|
Source : CIA |
Company Summary
|
Business Name |
Mälarplåt AB |
|
Country |
SWEDEN |
|
Company Registration Number |
5566576137 |
|
Main Activity |
Wholesale of metals and metal ores |
|
Activity Code |
46720 |
|
Company Status |
Active |
|
Latest Turnover Figure |
47.608.000 SEK |
|
Latest Shareholder Equity Figure |
11.405.000 SEK |
|
Basic
Information |
|
|
Business Name |
Mälarplåt AB |
|
Registered Company Name |
Mälarplåt AB |
|
Company Registration Number |
5566576137 |
|
Country |
SWEDEN |
|
VAT Registration Number |
SE556657613701 |
|
Date of Company Registration |
11/03/2004 |
|
Legal Form |
Limited liability company |
|
Company Status |
Active |
|
Currency of this Report |
SEK |
|
Principal Activity Description |
Bolaget skall bedriva försäljning, trading, import och export av handelsstål, byggplåt och takplåt, eftersök och hundförartjänster inom jakt samt därmed förenlig verksamhet. |
|
Contact Address |
Malmtippsvägen 1, 72132 VÄSTERÅS |
|
Contact Telephone Number |
021-800260 |
|
Activities |
|
|
Activity Code |
Activity Description |
|
46720 |
Wholesale of metals and metal ores |
|
Main Address |
||
|
Address |
Country |
Telephone |
|
Malmtippsvägen 1, 72132 VÄSTERÅS |
SWEDEN |
021-800260 |
|
Other Address |
|
|
Address |
Country |
|
No other addresses for this company. |
|
|
Email Addresses |
|
No information for this company. |
|
Web Pages |
|
Current
Directors |
|||
|
Name |
Appointment Date |
Position |
|
|
Patrik Bertil Jansson |
26/04/2004 |
Actual Member of Board |
|
|
Erik Peter Areskog |
22/11/2011 |
Actual Member of Board |
|
|
Kent Olov Axelsson |
03/10/2008 |
Substitute |
|
|
Previous Directors |
|||
|
Name |
Appointment Date |
Position |
Resignation Date |
|
Axel Christer Fernström |
26/04/2004 |
Actual Member of Board |
22/11/2011 |
|
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 |
- |
|
Issued Share Capital |
100.000 SEK |
|
No group structure for this company. |
|
Profit and Loss |
|||
|
Financial Year |
2012 |
2011 |
2010 |
|
Number of Weeks |
52 |
52 |
52 |
|
Currency |
SEK |
SEK |
SEK |
|
Consolidated Accounts |
N |
N |
N |
|
Revenue |
47.608.000 |
57.988.000 |
58.880.000 |
|
Operating Costs |
48.051.000 |
56.487.000 |
56.812.000 |
|
Operating Profit |
-443.000 |
1.501.000 |
2.068.000 |
|
Wages & Salaries |
-1.990.000 |
-2.341.000 |
-2.519.000 |
|
Depreciation |
-87.000 |
-85.000 |
-109.000 |
|
Financial Income |
92.000 |
100.000 |
35.000 |
|
Financial Expenses |
- |
- |
-2.000 |
|
Extraordinary Income |
- |
- |
- |
|
Extraordinary Costs |
- |
- |
- |
|
Profit before Tax |
-352.000 |
1.601.000 |
2.101.000 |
|
Tax |
- |
-441.000 |
-1.109.000 |
|
Profit after Tax |
-352.000 |
1.160.000 |
992.000 |
|
Minority Interests |
- |
- |
- |
|
Other Appropriations |
- |
- |
2.023.000 |
|
Retained Profit |
-352.000 |
1.160.000 |
3.015.000 |
|
Balance Sheet |
|||||||||
|
Financial Year |
2012 |
2011 |
2010 |
||||||
|
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 |
21.000 |
99.000 |
175.000 |
||||||
|
Total Tangible Assets |
21.000 |
99.000 |
175.000 |
||||||
|
Goodwill |
0 |
0 |
0 |
||||||
|
Other Intangible Assets |
0 |
0 |
0 |
||||||
|
Total Intangible Assets |
0 |
0 |
0 |
||||||
|
Loans To Group |
0 |
0 |
0 |
||||||
|
Other Loans |
0 |
0 |
0 |
||||||
|
Miscellaneous Fixed Assets |
100.000 |
100.000 |
100.000 |
||||||
|
Total Other Fixed Assets |
100.000 |
100.000 |
100.000 |
||||||
|
TOTAL FIXED ASSETS |
121.000 |
199.000 |
275.000 |
||||||
|
Work In Progress |
0 |
0 |
0 |
||||||
|
Other Inventories |
7.178.000 |
3.595.000 |
4.457.000 |
||||||
|
Total Inventories |
7.178.000 |
3.595.000 |
4.457.000 |
||||||
|
Trade Receivables |
3.874.000 |
5.067.000 |
2.514.000 |
||||||
|
Group Receivables |
0 |
0 |
0 |
||||||
|
Miscellaneous Receivables |
818.000 |
2.021.000 |
1.838.000 |
||||||
|
Total Receivables |
4.692.000 |
7.088.000 |
4.352.000 |
||||||
|
Cash |
1.862.000 |
7.351.000 |
10.599.000 |
||||||
|
Other Current Assets |
0 |
0 |
0 |
||||||
|
TOTAL CURRENT ASSETS |
13.731.000 |
18.034.000 |
19.407.000 |
||||||
|
TOTAL ASSETS |
13.852.000 |
18.233.000 |
19.682.000 |
||||||
|
Trade Payables |
2.149.000 |
6.123.000 |
7.110.000 |
||||||
|
Bank Liabilities |
0 |
0 |
0 |
||||||
|
Group Payables |
0 |
0 |
0 |
||||||
|
Miscellaneous Liabilities |
298.000 |
354.000 |
776.000 |
||||||
|
TOTAL CURRENT LIABILITIES |
2.447.000 |
6.477.000 |
7.886.000 |
||||||
|
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 |
2.447.000 |
6.477.000 |
7.886.000 |
||||||
|
Called Up Share Capital |
100.000 |
100.000 |
100.000 |
||||||
|
Share Premium |
0 |
0 |
0 |
||||||
|
Revenue Reserves |
11.285.000 |
11.636.000 |
11.676.000 |
||||||
|
Other Reserves |
20.000 |
20.000 |
20.000 |
||||||
|
TOTAL SHAREHOLDERS EQUITY |
11.405.000 |
11.756.000 |
11.796.000 |
||||||
|
Other Financials |
|||||||||
|
Contingent Liabilities |
0 |
0 |
0 |
||||||
|
Working Capital |
11.284.000 |
11.557.000 |
11.521.000 |
||||||
|
Net Worth |
11.405.000 |
11.756.000 |
11.796.000 |
||||||
|
Ratios |
|||||||||
|
Pre-Tax Profit Margin |
-0.74 % |
2.76 % |
3.57 % |
||||||
|
Return On Capital Employed |
-2.16 % |
6.48 % |
7.62 % |
||||||
|
Return On Total Assets Employed |
-2.54 % |
8.78 % |
10.67 % |
||||||
|
Return On Net Assets Employed |
-3.09 % |
13.62 % |
17.81 % |
||||||
|
Sales/Net Working Capital |
4.22 |
5.02 |
5.11 |
||||||
|
Stock Turnover Ratio |
15.08 % |
6.20 % |
7.57 % |
||||||
|
Debtor Days |
29.70 |
31.89 |
15.58 |
||||||
|
Creditor Days |
16.48 |
38.54 |
44.08 |
||||||
|
Current Ratio |
5.61 |
2.78 |
2.46 |
||||||
|
Liquidity Ratio/Acid Test |
2.68 |
2.23 |
1.90 |
||||||
|
Current Debt Ratio |
0.21 |
0.55 |
0.67 |
||||||
|
Gearing |
|
|
|
||||||
|
Equity In Percentage |
82.93 % |
64.83 % |
60.24 % |
||||||
|
Total Debt Ratio |
0.21 |
0.55 |
0.67 |
||||||
|
Employee
Information |
|
|
Year |
Number of Employees |
|
2012 |
4 |
|
2011 |
4 |
|
2010 |
4 |
|
2009 |
4 |
|
2008 |
4 |
|
Advisors |
|
|
Auditor Name |
Erik Tomas Palm |
|
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 |
46720 |
|
Activity Description |
Wholesale of metals and metal ores |
|
Event History |
|
|
Event Date |
Event Description |
|
24/04/2013 |
Company business activity, changed |
|
14/03/2013 |
Limit, decrease |
|
14/03/2013 |
Annual account, new |
|
11/03/2013 |
Annual report (PDF), new |
|
18/01/2012 |
Annual account, new |
|
05/01/2012 |
Annual report (PDF), new |
|
23/11/2011 |
Authorised signatory, changed |
|
23/11/2011 |
Company representatives, changed |
|
23/11/2011 |
Board, changed |
|
29/03/2011 |
Phone number, changed |
|
29/03/2011 |
Fax number, new |
|
03/03/2011 |
Limit, increase |
|
03/03/2011 |
Annual account, new |
|
10/02/2011 |
Annual report (PDF), new |
|
25/01/2010 |
Annual account, new |
|
25/01/2010 |
Limit, decrease |
|
08/01/2010 |
Annual report (PDF), new |
|
11/04/2009 |
Limit, increase |
|
03/03/2009 |
Annual account, new |
|
11/02/2009 |
Annual report (PDF), new |
|
04/11/2008 |
Annual account, new |
|
31/10/2008 |
Annual report (PDF), new |
|
06/10/2008 |
Board, changed |
|
06/10/2008 |
Authorised signatory, changed |
|
06/10/2008 |
Company representatives, changed |
|
Status History |
|
|
Date |
Event Description |
|
No company status history for this company |
|
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.29 |
|
UK Pound |
1 |
Rs.83.88 |
|
Euro |
1 |
Rs.70.68 |
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.