|
Report Date : |
02.12.2013 |
IDENTIFICATION DETAILS
|
Name : |
SWEDOR TECH AB |
|
|
|
|
Registered Office : |
Sollentunavägen 135 F, 19144 SOLLENTUNA |
|
|
|
|
Country : |
Sweden |
|
|
|
|
Financials (as on) : |
2012 |
|
|
|
|
Date of Incorporation : |
12.01.2009 |
|
|
|
|
Com. Reg. No.: |
5567757678 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
Subject is
engage in production and sales of chemical and organic fertilizers, carry on
accommodation and food and related business. |
|
|
|
|
No. of Employees : |
3 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow |
|
|
|
|
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 |
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 the contraction continued 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 |
SWEDOR TECH AB |
|
Country |
SWEDEN |
|
Company Registration Number |
5567757678 |
|
Main Activity |
Wholesale of other household goods n.e.c. |
|
Activity Code |
46499 |
|
Company Status |
Active |
|
Latest Turnover Figure |
12.652.000 |
|
Latest Shareholder Equity Figure |
138.000 |
|
Business Name |
Swedor Tech AB |
|
Registered Company Name |
Swedor Tech AB |
|
Company Registration Number |
5567757678 |
|
Country |
SWEDEN |
|
VAT Registration Number |
SE556775767801 |
|
Date of Company Registration |
12/01/2009 |
|
Legal Form |
Limited liability company |
|
Company Status |
Active |
|
Currency of this Report |
SEK |
|
Principal Activity Description |
The company
shall on its own, or in the commission on behalf of others, engage in
production and sales of chemical and organic fertilizers, carry on accommodation
and food and related business. |
|
Contact Address |
Sollentunavägen 135 F, 19144 SOLLENTUNA |
|
Contact Telephone Number |
072-3248338 |
|
Activities |
|
|
Activity Code |
Activity Description |
|
46499 |
Wholesale of other household goods n.e.c. |
|
Main Address |
||
|
Address |
Country |
Telephone |
|
Sollentunavägen 135 F, 19144 SOLLENTUNA |
SWEDEN |
072-3248338 |
|
Other Address |
|
|
Address |
Country |
|
No other addresses for this company. |
|
|
Email Addresses |
|
No information for this company. |
|
Web Pages |
|
No information for this company. |
|
Current Directors |
|||
|
Name |
Appointment Date |
Position |
|
|
Orkhan-Kemal Magaramov |
13/03/2009 |
Actual Member of Board |
|
|
Previous Directors |
|||
|
Name |
Appointment Date |
Position |
Resignation Date |
|
Firudin Agaev |
02/07/2010 |
Substitute |
|
|
Lars Wilhelm Biertz |
12/10/2009 |
Managing Director |
|
|
Orkhan-Kemal Magaramov |
13/03/2009 |
Managing Director |
|
|
Johan Fredrik Ståhl |
12/01/2009 |
Actual Member of Board |
|
|
Jenny Christina Margaretha Hedlund |
12/01/2009 |
Substitute |
|
No negative information found.
|
Issued Share Capital |
100.000 |
|
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 |
2 |
|
Number of private claims |
- |
|
Number of applications for an order to pay |
- |
|
Number of reclaimed/revoked applications |
1 |
|
No group structure for this company. |
|
Profit and Loss |
|||
|
Financial Year |
2012 |
2011 |
2010 |
|
Number of Weeks |
52 |
52 |
78 |
|
Currency |
SEK |
SEK |
SEK |
|
Conslotidated Accounts |
N |
N |
N |
|
Revenue |
12.652.000 |
19.650.000 |
12.607.000 |
|
Operating Costs |
12.529.000 |
19.335.000 |
12.514.000 |
|
Operating Profit |
123.000 |
315.000 |
93.000 |
|
Wages & Salaries |
-727.000 |
-368.000 |
- |
|
Depreciation |
-5.000 |
-67.000 |
-6.000 |
|
Financial Income |
- |
- |
- |
|
Financial Expenses |
-125.000 |
-266.000 |
-88.000 |
|
Extraordinary Income |
- |
- |
- |
|
Extraordinary Costs |
-125.000 |
-266.000 |
-88.000 |
|
Profit before Tax |
-2.000 |
49.000 |
5.000 |
|
Tax |
- |
-13.000 |
-1.000 |
|
Profit after Tax |
-2.000 |
49.000 |
5.000 |
|
Minority Interests |
- |
- |
- |
|
Other Appropriations |
- |
- |
- |
|
Retained Profit |
-2.000 |
36.000 |
4.000 |
|
Balance Sheet |
|||
|
Financial Year |
2012 |
2011 |
2010 |
|
Number of Weeks |
52 |
52 |
78 |
|
Currency |
SEK |
SEK |
SEK |
|
Consolidated Accounts |
N |
N |
N |
|
Land & Buildings |
0 |
0 |
0 |
|
Plant & Machinery |
0 |
0 |
0 |
|
Other Tangible Assets |
8.000 |
14.000 |
19.000 |
|
Total Tangible Assets |
8.000 |
14.000 |
19.000 |
|
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 |
916.000 |
916.000 |
916.000 |
|
Total Other Fixed Assets |
916.000 |
916.000 |
916.000 |
|
TOTAL FIXED ASSETS |
925.000 |
930.000 |
935.000 |
|
Work In Progress |
0 |
0 |
0 |
|
Other Inventories |
0 |
0 |
0 |
|
Total Inventories |
0 |
0 |
0 |
|
Trade Receivables |
587.000 |
707.000 |
0 |
|
Group Receivables |
0 |
0 |
0 |
|
Miscellaneous Receivables |
5.000 |
484.000 |
10.000 |
|
Total Receivables |
592.000 |
1.191.000 |
10.000 |
|
Cash |
1.048.000 |
422.000 |
1.022.000 |
|
Other Current Assets |
0 |
0 |
0 |
|
TOTAL CURRENT ASSETS |
1.640.000 |
1.613.000 |
1.032.000 |
|
TOTAL ASSETS |
2.565.000 |
2.544.000 |
1.967.000 |
|
Trade Payables |
755.000 |
747.000 |
942.000 |
|
Bank Liabilities |
0 |
0 |
0 |
|
Group Payables |
823.000 |
823.000 |
0 |
|
Miscellaneous Liabilities |
504.000 |
489.000 |
921.000 |
|
TOTAL CURRENT LIABILITIES |
2.082.000 |
2.059.000 |
1.863.000 |
|
Bank Liabilities Due After 1 Year |
345.000 |
345.000 |
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 |
345.000 |
345.000 |
0 |
|
TOTAL LIABILITIES |
2.427.000 |
2.404.000 |
1.863.000 |
|
Called Up Share Capital |
100.000 |
100.000 |
100.000 |
|
Share Premium |
0 |
0 |
0 |
|
Revenue Reserves |
38.000 |
40.000 |
4.000 |
|
Other Reserves |
0 |
0 |
0 |
|
TOTAL SHAREHOLDERS EQUITY |
138.000 |
140.000 |
104.000 |
|
Other Financials |
|||
|
Contingent Liabilities |
0 |
0 |
0 |
|
Working Capital |
-442.000 |
-446.000 |
-831.000 |
|
Net Worth |
138.000 |
140.000 |
104.000 |
|
Ratios |
|||
|
Pre-Tax Profit Margin |
-0.02 % |
0.25 % |
0.04 % |
|
Return On Capital Employed |
-0.04 % |
1.06 % |
0.13 % |
|
Return On Total Assets Employed |
-0.08 % |
1.93 % |
0.25 % |
|
Return On Net Assets Employed |
-1.45 % |
35.00 % |
4.81 % |
|
Sales/Net Working Capital |
-28.62 |
-44.06 |
-15.17 |
|
Stock Turnover Ratio |
|
|
|
|
Debtor Days |
16.93 |
13.13 |
0.00 |
|
Creditor Days |
21.78 |
13.88 |
27.27 |
|
Current Ratio |
0.79 |
0.78 |
0.55 |
|
Liquidity Ratio/Acid Test |
0.79 |
0.78 |
0.55 |
|
Current Debt Ratio |
15.09 |
14.71 |
17.91 |
|
Gearing |
250.00 % |
246.43 % |
|
|
Equity In Percentage |
8.37 % |
8.60 % |
9.90 % |
|
Total Debt Ratio |
17.59 |
17.17 |
17.91 |
Na
|
Employee Information |
|
|
Year |
Number of Employees |
|
2012 |
3 |
|
2011 |
3 |
|
2010 |
0 |
|
Advisors |
|
|
Auditor Name |
Stig Michael Johansson |
|
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 |
46499 |
|
Activity Description |
Wholesale of other household goods n.e.c. |
|
Industry Average Credit Rating |
70 (1 - 100) |
|
Industry Average Credit Limit |
94.000 |
|
Event History |
|
|
Event Date |
Event Description |
|
26/02/2013 |
Annual account, new |
|
21/02/2013 |
Annual report (PDF), new |
|
27/11/2012 |
Phone number, changed |
|
22/02/2012 |
Annual account, new |
|
10/02/2012 |
Annual report (PDF), new |
|
02/07/2011 |
Limit, decrease |
|
02/07/2011 |
Company representatives, changed |
|
02/07/2011 |
Board, changed |
|
02/07/2011 |
Authorised signatories amended or
new/amended vacancy text |
|
27/04/2011 |
Address, changed |
|
29/03/2011 |
Phone number, new |
|
24/12/2010 |
Annual account, new |
|
17/12/2010 |
Annual report (PDF), new |
|
03/07/2010 |
Authorised signatory, changed |
|
03/07/2010 |
Board, changed |
|
03/07/2010 |
Company representatives, changed |
|
03/07/2010 |
Address, changed |
|
13/01/2010 |
Employment tax, changed |
|
13/10/2009 |
Board, changed |
|
13/10/2009 |
Company representatives, changed |
|
13/10/2009 |
Authorised signatory, changed |
|
27/03/2009 |
VAT, changed |
|
27/03/2009 |
Company tax, changed |
|
16/03/2009 |
Company business activity, changed |
|
16/03/2009 |
Address, changed |
|
16/03/2009 |
Authorised signatory, changed |
|
16/03/2009 |
Company name, changed (old name: NewCo 2224
Sweden AB) |
|
16/03/2009 |
Board, changed |
|
16/03/2009 |
Company representatives, changed |
|
13/01/2009 |
Board, changed |
|
13/01/2009 |
Authorised signatory, changed |
|
13/01/2009 |
Company business activity, changed |
|
13/01/2009 |
Company representatives, changed |
Na
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.39 |
|
|
1 |
Rs.102.06 |
|
Euro |
1 |
Rs.84.98 |
INFORMATION DETAILS
|
Report Prepared
by : |
NNA |
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.