|
Report Date : |
12.06.2013 |
IDENTIFICATION DETAILS
|
Name : |
CCI VALVE TECHNOLOGY AB |
|
|
|
|
Registered Office : |
Box 603, 66129 Säffle |
|
|
|
|
Country : |
Sweden |
|
|
|
|
Financials (as on) : |
2011 |
|
|
|
|
Date of Incorporation : |
18.09.2000 |
|
|
|
|
Com. Reg. No.: |
5565976213 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
Manufacture of other taps and valves |
|
|
|
|
No. of Employees : |
208 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
Payment Behaviour : |
Slow |
|
Litigation : |
-- |
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
|
Business Name |
CCI Valve
Technology AB |
|
Country |
SWEDEN |
|
Company Registration Number |
5565976213 |
|
Main Activity |
Manufacture of other taps and valves |
|
Activity Code |
28140 |
|
Company Status |
Active |
|
Latest Turnover Figure |
522.431.000 SEK |
|
Latest Shareholder Equity Figure |
29.957.000 SEK |
|
Current Directors |
|||
|
Name |
Appointment Date |
Position |
|
|
Adcock, Nicholas Simon |
05/09/2012 |
Actual Member of Board |
|
|
Stig Stefan Engström |
06/03/2013 |
Actual Member of Board |
|
|
Hans Olof Åke Holm |
06/03/2013 |
Actual Member of Board |
|
|
Jim Ove Grundtman |
10/05/2011 |
Actual Member of Board |
|
|
Previous Directors |
|||
|
Name |
Appointment Date |
Position |
Resignation Date |
|
Hans-Olof Peter Sköld |
10/05/2011 |
Actual Member of Board |
06/03/2013 |
|
Jim Ove Grundtman |
10/05/2011 |
Chairman of Board |
06/03/2013 |
|
Adcock, Nicholas Simon |
05/09/2012 |
Managing Director |
06/03/2013 |
|
Roger Urban Semborn |
10/05/2011 |
Actual Member of Board |
09/01/2012 |
|
Fankhauser, Rolf Amin |
28/05/2009 |
Actual Member of Board |
10/05/2011 |
|
Shambaugh Jr, Robert Lionel |
28/05/2009 |
Actual Member of Board |
10/05/2011 |
|
Wiseman, Lorraine Patricia |
28/05/2009 |
Actual Member of Board |
10/05/2011 |
|
Zuccherini, Simone |
28/05/2009 |
Actual Member of Board |
10/05/2011 |
|
Peter Lennart Kull |
22/08/2005 |
Actual Member of Board |
28/05/2009 |
|
Bertil Ingemar Olsson |
16/01/2004 |
Actual Member of Board |
28/05/2009 |
|
Steele, John |
04/01/2006 |
Actual Member of Board |
28/05/2009 |
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 |
Imi Overseas Investments Limited |
|
|
Ultimate Holding Company Country |
UNITED KINGDOM |
00209251 |
|
Immediate Holding Parent |
|
|
|
Immediate Holding Company Name |
Imi Overseas Investments Limited |
|
|
Immediate Holding Company Country |
UNITED KINGDOM |
00209251 |
|
Subsidiary Companies |
||||
|
Subsidiary Name |
Country |
Number |
||
|
No subsidaries for this company. |
|
|
||
|
Affiliates |
||||
|
Affiliate Name |
Country |
Number |
||
|
Kynoch Sweden Holding Aktiebolag |
SWEDEN |
5565345450 |
||
|
EVU Energi & VVS Utveckling Aktiebolag |
SWEDEN |
5564710423 |
||
|
IMI Indoor Climate AB |
SWEDEN |
5560107392 |
||
|
TA Hydronics Aktiebolag |
SWEDEN |
5560336256 |
||
|
Ta Hydronics As |
NORWAY |
977180813 |
||
|
TA Hydronics N.V.S.A. NV |
BELGIUM |
413638385 |
||
|
Tour & Andersson |
SPAIN |
A79245072 |
||
|
Profit and Loss |
|||
|
Financial Year |
2011 |
2010 |
2009 |
|
Number of Weeks |
52 |
52 |
52 |
|
Currency |
SEK |
SEK |
SEK |
|
Consolidated Accounts |
N |
N |
N |
|
Revenue |
522.652.000 |
641.883.000 |
733.683.000 |
|
Operating Costs |
541.231.000 |
558.211.000 |
677.536.000 |
|
Operating Profit |
-18.579.000 |
83.672.000 |
56.147.000 |
|
Wages & Salaries |
-126.512.000 |
-133.986.000 |
-137.374.000 |
|
Depreciation |
-2.646.000 |
-11.820.000 |
-11.569.000 |
|
Financial Income |
1.389.000 |
1.217.000 |
2.136.000 |
|
Financial Expenses |
-184.000 |
-171.000 |
-313.000 |
|
Extraordinary Income |
- |
- |
- |
|
Extraordinary Costs |
- |
- |
- |
|
Profit before Tax |
-17.374.000 |
84.718.000 |
57.970.000 |
|
Tax |
329.000 |
-19.024.000 |
-13.821.000 |
|
Profit after Tax |
-17.045.000 |
65.694.000 |
44.149.000 |
|
Minority Interests |
- |
- |
- |
|
Other Appropriations |
11.800.000 |
-16.100.000 |
-7.861.000 |
|
Retained Profit |
-5.245.000 |
49.594.000 |
36.288.000 |
|
Balance Sheet |
|||
|
Financial Year |
2011 |
2010 |
2009 |
|
Number of Weeks |
52 |
52 |
52 |
|
Currency |
SEK |
SEK |
SEK |
|
Consolidated Accounts |
N |
N |
N |
|
Land & Buildings |
0 |
0 |
0 |
|
Plant & Machinery |
6.921.000 |
9.311.000 |
10.052.000 |
|
Other Tangible Assets |
208.000 |
404.000 |
583.000 |
|
Total Tangible Assets |
7.129.000 |
9.715.000 |
10.635.000 |
|
Goodwill |
0 |
0 |
8.581.000 |
|
Other Intangible Assets |
0 |
0 |
0 |
|
Total Intangible Assets |
0 |
0 |
8.581.000 |
|
Loans To Group |
0 |
95.860.000 |
240.281.000 |
|
Other Loans |
0 |
0 |
0 |
|
Miscellaneous Fixed Assets |
3.399.000 |
3.070.000 |
1.336.000 |
|
Total Other Fixed Assets |
3.399.000 |
98.930.000 |
241.617.000 |
|
TOTAL FIXED ASSETS |
10.528.000 |
108.645.000 |
260.833.000 |
|
Work In Progress |
0 |
0 |
0 |
|
Other Inventories |
85.087.000 |
81.230.000 |
86.279.000 |
|
Total Inventories |
85.087.000 |
81.230.000 |
86.279.000 |
|
Trade Receivables |
133.064.000 |
110.968.000 |
159.310.000 |
|
Group Receivables |
27.823.000 |
24.220.000 |
18.886.000 |
|
Miscellaneous Receivables |
66.266.000 |
51.780.000 |
34.608.000 |
|
Total Receivables |
227.153.000 |
186.968.000 |
212.804.000 |
|
Cash |
1.169.000 |
3.691.000 |
13.619.000 |
|
Other Current Assets |
0 |
0 |
0 |
|
TOTAL CURRENT ASSETS |
313.409.000 |
271.889.000 |
312.702.000 |
|
TOTAL ASSETS |
323.937.000 |
380.534.000 |
573.535.000 |
|
Trade Payables |
76.772.000 |
69.882.000 |
39.847.000 |
|
Bank Liabilities |
0 |
0 |
0 |
|
Group Payables |
75.187.000 |
62.766.000 |
71.244.000 |
|
Miscellaneous Liabilities |
67.168.000 |
81.795.000 |
74.123.000 |
|
TOTAL CURRENT LIABILITIES |
219.127.000 |
214.443.000 |
185.214.000 |
|
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 |
74.853.000 |
86.253.000 |
68.078.000 |
|
TOTAL LONG TERM LIABILITIES |
74.853.000 |
86.253.000 |
68.078.000 |
|
TOTAL LIABILITIES |
293.980.000 |
300.696.000 |
253.292.000 |
|
Called Up Share Capital |
100.000 |
100.000 |
100.000 |
|
Share Premium |
0 |
0 |
0 |
|
Revenue Reserves |
29.837.000 |
79.718.000 |
320.123.000 |
|
Other Reserves |
20.000 |
20.000 |
20.000 |
|
TOTAL SHAREHOLDERS EQUITY |
29.957.000 |
79.838.000 |
320.243.000 |
|
Other Financials |
|||
|
Contingent Liabilities |
0 |
0 |
0 |
|
Working Capital |
94.282.000 |
57.446.000 |
127.488.000 |
|
Net Worth |
29.957.000 |
79.838.000 |
311.662.000 |
|
Ratios |
|||
|
Pre-Tax Profit Margin |
-3.32 % |
13.20 % |
7.90 % |
|
Return On Capital Employed |
-3.20 % |
14.24 % |
7.64 % |
|
Return On Total Assets Employed |
-5.36 % |
22.26 % |
10.11 % |
|
Return On Net Assets Employed |
-58.00 % |
106.11 % |
18.10 % |
|
Sales/Net Working Capital |
5.54 |
11.17 |
5.75 |
|
Stock Turnover Ratio |
16.28 % |
12.65 % |
11.76 % |
|
Debtor Days |
92.93 |
63.10 |
79.26 |
|
Creditor Days |
53.61 |
39.74 |
19.82 |
|
Current Ratio |
1.43 |
1.27 |
1.69 |
|
Liquidity Ratio/Acid Test |
1.04 |
0.89 |
1.22 |
|
Current Debt Ratio |
7.31 |
2.69 |
0.58 |
|
Gearing |
|
|
|
|
Equity In Percentage |
9.35 % |
28.35 % |
99.04 % |
|
Total Debt Ratio |
9.81 |
3.77 |
0.79 |
N/a
|
Basic Information |
|
|
Business Name |
CCI Valve Technology AB |
|
Registered Company Name |
CCI Valve Technology AB |
|
Company Registration Number |
5565976213 |
|
Country |
SWEDEN |
|
VAT Registration Number |
SE556597621301 |
|
Date of Company Registration |
18/09/2000 |
|
Legal Form |
Limited liability company |
|
Company Status |
Active |
|
Currency of this Report |
SEK |
|
Principal Activity Description |
Bolaget ska utveckla, tillverka,
marknadsföra och sälja reglerventiler och ventilsystem för industriella
applikationer samt idka annan därmed förenlig verksamhet. |
|
Contact Address |
Box 603, 66129 SÄFFLE |
|
Contact Telephone Number |
0533-689600 |
|
Activities |
|
|
Activity Code |
Activity Description |
|
28140 |
Manufacture of other taps and valves |
|
33120 |
Repair of machinery |
|
Main Address |
||
|
Address |
Country |
Telephone |
|
Box 603, 66129 SÄFFLE |
SWEDEN |
0533-689600 |
|
Other Address |
|
|
Address |
Country |
|
No other addresses for this company. |
|
|
Email Addresses |
|
No information for this company. |
|
Web Pages |
|
www.ccivalve.com |
|
Employee Information |
|
|
Year |
Number of Employees |
|
2011 |
208 |
|
2010 |
214 |
|
2009 |
248 |
|
2008 |
220 |
|
2007 |
187 |
|
Advisors |
|
|
Auditor Name |
Ernst & Young Aktiebolag |
|
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. |
|
|
|
Event History |
|
|
Event Date |
Event Description |
|
07/03/2013 |
Company representatives, changed |
|
07/03/2013 |
Authorised signatory, changed |
|
05/10/2012 |
Annual account, new |
|
27/09/2012 |
Annual report (PDF), new |
|
06/09/2012 |
Limit, increase |
|
06/09/2012 |
Company representatives, changed |
|
06/09/2012 |
Authorised signatory, changed |
|
28/01/2012 |
Board, changed |
|
28/01/2012 |
Company representatives, changed |
|
28/01/2012 |
Authorised signatory, changed |
|
10/01/2012 |
Company representatives, changed |
|
10/01/2012 |
Authorised signatory, changed |
|
10/01/2012 |
Board, changed |
|
10/01/2012 |
Limit, decrease |
|
05/10/2011 |
Company representatives, changed |
|
05/10/2011 |
Board, changed |
|
05/10/2011 |
Authorised signatory, changed |
|
08/09/2011 |
Annual account, new |
|
08/08/2011 |
Annual report (PDF), new |
|
08/06/2011 |
Certificate, registered |
|
11/05/2011 |
Board, changed |
|
11/05/2011 |
Authorised signatory, changed |
|
11/05/2011 |
Company representatives, changed |
|
13/04/2011 |
Certificate, registered |
|
02/09/2010 |
Annual account, new |
|
24/08/2010 |
Annual report (PDF), new |
|
22/12/2009 |
Board, changed |
|
22/12/2009 |
Company business activity, changed |
|
22/12/2009 |
Company representatives, changed |
|
23/10/2009 |
Annual account, new |
|
12/10/2009 |
Annual report (PDF), new |
|
29/05/2009 |
Company representatives, changed |
|
29/05/2009 |
Board, changed |
|
29/05/2009 |
Authorised signatory, changed |
|
13/08/2008 |
Annual account, new |
|
22/07/2008 |
Annual report (PDF), new |
|
Status History |
|
|
Date |
Event Description |
|
No company status history for this company |
|
N/a
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.58.92 |
|
|
1 |
Rs.91.80 |
|
Euro |
1 |
Rs.78.18 |
INFORMATION DETAILS
|
Report
Prepared by : |
PRL |
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.