MIRA INFORM REPORT

 

 

Report Date :

07.02.2013

 

IDENTIFICATION DETAILS

 

Name :

SUNBELT BUSINESS SERVICES AB

 

 

Registered Office :

Lilla Bommen 6, 41104 Göteborg

 

 

Country :

Sweden

 

 

Date of Incorporation :

30.06.2011

 

 

Com. Reg. No.:

5568575137

 

 

Legal Form :

Limited liability company

 

 

Line of Business :

The Subject shall conduct trade and food processing and trade in textiles, consumer electronics such as TV, refrigerators, washing machines, telephones and telecommunications equipment and services, and related activities.

 

 

No. of Employees :

Not Available

 

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 :

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 30th, 2012

 

Country Name

Previous Rating

(31.03.2012)

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

 

Business Name

SUNBELT BUSINESS SERVICES AB

Country

SWEDEN

Company Registration Number

5568575137

Main Activity

Non-specialised wholesale of food, beverages and tobacco

Activity Code

46390

Company Status

Active

Latest Turnover Figure

-

Latest Shareholder Equity Figure

-

 

Basic Information

Business Name

SUNBELT BUSINESS SERVICES AB

Registered Company Name

SUNBELT BUSINESS SERVICES AB

Company Registration Number

5568575137

Country

SWEDEN

VAT Registration Number

SE556857513701

Date of Company Registration

30/06/2011

Legal Form

Limited liability company

Company Status

Active

Currency of this Report

SEK

Principal Activity Description

The Company shall conduct trade and food processing and trade in textiles, consumer electronics such as TV, refrigerators, washing machines, telephones and telecommunications equipment and services, and related activities.

Contact Address

41104 GÖTEBORG

Contact Telephone Number

 

 

 

DIRECTORS/MANAGEMENT

 

Current Directors

Name

Appointment Date

Position

 

Najam-Ul-Saqib Mirza

03/12/2012

Actual Member of Board

 

Muhammad Asif

23/11/2012

Actual Member of Board

 

Naveed, Misbah

23/11/2012

Substitute

 

 

Previous Directors

Name

Appointment Date

Position

Resignation Date

Najam-Ul-Saqib, Mirza

23/11/2012

Actual Member of Board

03/12/2012

Johan Fredrik Stĺhl

30/06/2011

Actual Member of Board

23/11/2012

Jenny Christina Margaretha Hedlund

30/06/2011

Substitute

23/11/2012

 

NEGATIVE INFORMATION

 

No negative information found.

 

 

SHARE & SHARE CAPITAL INFORMATION

 

Issued Share Capital

700.000 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

-

Number of reclaimed/revoked applications

-

 

 

GROUP STRUCTURE & AFFILIATED COMPANIES

 

No group structure for this company.

 

Other Information

 

FINANCIAL INFORMATION

 

Not Available

 

 

FOREIGN EXCHANGE RATES

 

N/a

 

 

ADDITIONAL INFORMATION

 

Activities

Activity Code

Activity Description

46390

Non-specialised wholesale of food, beverages and tobacco

46410

Wholesale of textiles

 

Main Address

Address

Country

Telephone

Lilla Bommen 6, 41104 GÖTEBORG

SWEDEN

 

 

Other Address

Address

Country

No other addresses for this company.

 

 

Email Addresses

No information for this company.

 

Web Pages

No information for this company.

 

Employee Information

Year

Number of Employees

2012

0

 

Advisors

No advisor information for this company.

 

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

46390

Activity Description

Non-specialised wholesale of food, beverages and tobacco

 

Event History

Event Date

Event Description

23/01/2013

PAYE registered

05/12/2012

Company tax, changed

05/12/2012

VAT, changed

05/12/2012

Employment tax, changed

04/12/2012

Authorised signatory, changed

04/12/2012

Company representatives, changed

04/12/2012

Share capital, new issue

24/11/2012

Company business activity, changed

24/11/2012

Status, changed

24/11/2012

Share capital, new issue

24/11/2012

Address, changed

24/11/2012

Company name, changed (old name: NewCo 3380 Sweden AB)

24/11/2012

Company representatives, changed

24/11/2012

Authorised signatory, changed

21/05/2012

Annual account, new

15/05/2012

Annual report (PDF), new

02/07/2011

Company business activity, changed

02/07/2011

Share capital, new

02/07/2011

Authorised signatory, changed

02/07/2011

Company representatives, changed

02/07/2011

Board, changed

02/07/2011

Status, changed

 

 

 

 

 


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.53.08

UK Pound

1

Rs.83.11

Euro

1

Rs.72.01

 

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%)

 

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.