|
Report Date : |
18.02.2013 |
IDENTIFICATION DETAILS
|
Name : |
PROCONDITIO INTERNATIONAL AB |
|
|
|
|
Registered Office : |
Flyttblocksvägen 5, 43640 Askim |
|
|
|
|
Country : |
Sweden |
|
|
|
|
Financials (as on) : |
2011 |
|
|
|
|
Date of Incorporation : |
28.10.2010 |
|
|
|
|
Com. Reg. No.: |
5568221542 |
|
|
|
|
Legal Form : |
Limited liability company |
|
|
|
|
Line of Business : |
Wholesale of packaging materials |
|
|
|
|
No. of Employees : |
2 |
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 – 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 |
Company Summary
|
Business Name |
PROCONDITIO INTERNATIONAL AB |
|
Country |
SWEDEN |
|
Company Registration Number |
5568221542 |
|
Main Activity |
Wholesale of packaging materials |
|
Activity Code |
46762 |
|
Company Status |
Active |
|
Latest Turnover Figure |
2.471.000 SEK |
|
Latest Shareholder Equity Figure |
331.000 SEK |
|
Current
Directors |
|||
|
Name |
Appointment
Date |
Position |
|
|
Jan
Fredrik Thelander |
28/10/2010 |
Actual
Member of Board |
|
|
Jan-Olof
Thelander |
28/10/2010 |
Substitute |
|
No negative information found
|
Issued
Share Capital |
100.000 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 |
- |
|
Number
of applications for an order to pay |
- |
|
Number
of reclaimed/revoked applications |
- |
|
Ultimate
Holding Parent |
||||
|
Ultimate
Holding Company Name |
ProConditio Holding AB |
|||
|
Ultimate
Holding Company Country |
SWEDEN |
5562293224 |
||
|
Immediate
Holding Parent |
||||
|
Immediate
Holding Company Name |
ProConditio Holding AB |
|||
|
Immediate
Holding Company Country |
SWEDEN |
5562293224 |
||
|
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 |
|
Number
of Weeks |
65 |
|
Currency |
SEK |
|
Conslotidated
Accounts |
N |
|
Revenue |
2.471.000 |
|
Operating
Costs |
2.633.000 |
|
Operating
Profit |
-162.000 |
|
Wages
& Salaries |
-1.022.000 |
|
Depreciation |
- |
|
Financial
Income |
9.000 |
|
Financial
Expenses |
- |
|
Extraordinary
Income |
- |
|
Extraordinary
Costs |
- |
|
Profit
before Tax |
-154.000 |
|
Tax |
39.000 |
|
Profit
after Tax |
-154.000 |
|
Minority
Interests |
- |
|
Other
Appropriations |
- |
|
Retained
Profit |
-115.000 |
|
Balance Sheet |
|
|
Financial
Year |
2011 |
|
Number
of Weeks |
65 |
|
Currency |
SEK |
|
Consolidated
Accounts |
N |
|
Land
& Buildings |
0 |
|
Plant
& Machinery |
0 |
|
Other
Tangible Assets |
0 |
|
Total
Tangible Assets |
0 |
|
Goodwill |
0 |
|
Other
Intangible Assets |
0 |
|
Total
Intangible Assets |
0 |
|
Loans
To Group |
0 |
|
Other
Loans |
0 |
|
Miscellaneous
Fixed Assets |
0 |
|
Total
Other Fixed Assets |
0 |
|
TOTAL
FIXED ASSETS |
0 |
|
Work
In Progress |
0 |
|
Other
Inventories |
118.000 |
|
Total
Inventories |
118.000 |
|
Trade
Receivables |
423.000 |
|
Group
Receivables |
26.000 |
|
Miscellaneous
Receivables |
7.000 |
|
Total
Receivables |
456.000 |
|
Cash |
438.000 |
|
Other
Current Assets |
0 |
|
TOTAL
CURRENT ASSETS |
1.011.000 |
|
TOTAL
ASSETS |
1.011.000 |
|
Trade
Payables |
149.000 |
|
Bank
Liabilities |
0 |
|
Group
Payables |
0 |
|
Miscellaneous
Liabilities |
531.000 |
|
TOTAL
CURRENT LIABILITIES |
680.000 |
|
Bank
Liabilities Due After 1 Year |
0 |
|
Other
Loans Or Finance Due After 1 Year |
0 |
|
Group
Payables After 1 Year |
0 |
|
Miscellaneous
Liabilities Due After 1 Year |
0 |
|
TOTAL
LONG TERM LIABILITIES |
0 |
|
TOTAL
LIABILITIES |
680.000 |
|
Called
Up Share Capital |
100.000 |
|
Share
Premium |
0 |
|
Revenue
Reserves |
-115.000 |
|
Other
Reserves |
346.000 |
|
TOTAL
SHAREHOLDERS EQUITY |
331.000 |
|
Other Financials |
|
|
Contingent
Liabilities |
0 |
|
Working
Capital |
331.000 |
|
Net
Worth |
331.000 |
|
Ratios |
|
|
Pre-Tax
Profit Margin |
-6.23 % |
|
Return
On Capital Employed |
-9.11 % |
|
Return
On Total Assets Employed |
-15.23 % |
|
Return
On Net Assets Employed |
-46.53 % |
|
Sales/Net
Working Capital |
7.47 |
|
Stock
Turnover Ratio |
4.78 % |
|
Debtor
Days |
62.48 |
|
Creditor
Days |
22.01 |
|
Current
Ratio |
1.49 |
|
Liquidity
Ratio/Acid Test |
1.31 |
|
Current
Debt Ratio |
2.05 |
|
Gearing |
|
|
Equity
In Percentage |
32.74 % |
|
Total
Debt Ratio |
2.05 |
N/a
|
Basic
Information |
|
|
Business
Name |
ProConditio International AB |
|
Registered
Company Name |
ProConditio International AB |
|
Company
Registration Number |
5568221542 |
|
Country |
SWEDEN |
|
VAT
Registration Number |
SE556822154201 |
|
Date
of Company Registration |
28/10/2010 |
|
Legal
Form |
Limited liability company |
|
Company
Status |
Active |
|
Currency
of this Report |
SEK |
|
Principal
Activity Description |
Bolagets verksamhet ska bedriva internationell
handel med frukt, byggnadsmaterial och skogsprodukter samt konsultverksamhet
främst avseende affärsupplägg och därmed förenlig verksamhet. |
|
Contact
Address |
43640 ASKIM |
|
Contact
Telephone Number |
0730-861700 |
|
Activities |
|
|
Activity
Code |
Activity
Description |
|
46762 |
Wholesale of packaging materials |
|
70220 |
Business and other management consultancy
activities |
|
Main
Address |
||
|
Address |
Country |
Telephone |
|
Flyttblocksvägen 5, 43640 ASKIM |
SWEDEN |
0730-861700 |
|
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 |
|
2011 |
2 |
|
Advisors |
|
|
Auditor
Name |
KPMG AB |
|
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 |
46762 |
|
Activity
Description |
Wholesale of packaging materials |
|
Industry
Average Credit Rating |
76 (1 - 100) |
|
Industry
Average Credit Limit |
313.000 SEK |
|
Event
History |
|
|
Event Date |
Event Description |
|
21/12/2012 |
Authorised signatory, changed |
|
21/12/2012 |
Company representatives, changed |
|
21/12/2012 |
Limit, increase |
|
16/11/2012 |
Company representatives, changed |
|
16/11/2012 |
Authorised signatory, changed |
|
16/11/2012 |
Limit, decrease |
|
24/08/2012 |
Limit, increase |
|
24/08/2012 |
Annual account, new |
|
16/07/2012 |
Annual report (PDF), new |
|
29/01/2011 |
Employment tax, changed |
|
29/11/2010 |
Phone number, new |
|
25/11/2010 |
Phone number, new |
|
11/11/2010 |
VAT, changed |
|
11/11/2010 |
Company tax, changed |
|
29/10/2010 |
Share capital, new |
|
29/10/2010 |
Company business activity, changed |
|
29/10/2010 |
Status, changed |
|
29/10/2010 |
Authorised signatory, changed |
|
29/10/2010 |
Company representatives, changed |
|
29/10/2010 |
Board, changed |
N/a
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian
Rupees |
|
US Dollar |
1 |
Rs.53.98 |
|
UK Pound |
1 |
Rs.83.72 |
|
Euro |
1 |
Rs.72.08 |
INFORMATION DETAILS
|
Report
Prepared by : |
NLM |
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.