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Report Date : |
20.06.2013 |
IDENTIFICATION DETAILS
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Name : |
ROXTEC INTERNATIONAL AB |
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Registered Office : |
Box 540 Karlskrona, 371 23 |
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Country : |
Sweden |
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Financials (as on) : |
30.06.2012 |
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Year of Incorporation : |
1989 |
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Com. Reg. No.: |
5563708063 |
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Legal Form : |
Private Subsidiary |
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Line of Business : |
Manufacture of glues and gelatine |
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No. of Employees : |
149 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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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 |
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Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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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
Roxtec
International AB
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Business
Description
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Roxtec International AB (Roxtec) develops, manufactures and sells
sealing solutions for cables and pipes transits. The company's product
portfolio includes regular frames, round frames, compact seals and EMC
Solutions. It also provides accessories such as system parts, installation
material and connection cabinets. Roxtec has 285 registered certificates,
including several IECEx/ATEX, MED and 430 tests and approvals. It operates in
more than 70 markets through a wide network of distributors. Roxtec serves
the oil and gas, marine, telecom, construction and power industries. The
subsidiaries of the company are located across 19 countries, Australia,
Brazil, China, Croatia, Denmark, Finland, France, Germany, Italy, Japan,
Mexico, Singapore, South Korea, India, Spain, Sweden, United Arab Emirates,
the UK, and the US. Roxtec operates as a subsidiary of Roxtec AB. Roxtec is
headquartered in Karlskrona, Sweden. |
Industry
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Industry |
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ANZSIC 2006: |
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NACE 2002: |
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NAICS 2002: |
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UK SIC 2003: |
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UK SIC 2007: |
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US SIC 1987: |
Key Executives
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1 - Profit &
Loss Item Exchange Rate: USD 1 = SEK 7.593784
2 - Balance Sheet Item Exchange Rate: USD 1 = SEK 7.74785
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Roxtec
International AB |
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Company Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
|
Mellby GĂ¥rd Holding AB |
Parent |
|
|
|
|
|
|
Subsidiary |
Malmö, SkĂ¥ne |
Sweden |
Miscellaneous Financial Services |
1,433.7 |
1,411 |
|
|
Subsidiary |
Malmö |
Sweden |
Miscellaneous Financial Services |
|
1,348 |
|
|
Subsidiary |
Malmö |
Sweden |
Miscellaneous Financial Services |
427.8 |
1,204 |
|
|
Subsidiary |
Karlskrona |
Sweden |
Fabricated Plastic and Rubber |
127.0 |
479 |
|
|
Subsidiary |
Karlskrona |
Sweden |
Chemical Manufacturing |
76.8 |
149 |
|
|
Subsidiary |
Bury |
United Kingdom |
Personal Services |
|
25 |
|
|
Sleev-it Fire Systems Ltd. |
Subsidiary |
Gillingham |
United Kingdom |
Fabricated Plastic and Rubber |
|
5 |
|
Subsidiary |
Hamburg, Hamburg |
Germany |
Appliance and Tool |
|
30 |
|
|
Subsidiary |
Cassina De' Pecchi, Milano |
Italy |
Construction Services |
8.7 |
11 |
|
|
Subsidiary |
Dubai |
United Arab Emirates |
Construction - Supplies and Fixtures |
5.4 |
9 |
|
|
Subsidiary |
Helsinki |
Finland |
Miscellaneous Capital Goods |
4.4 |
7 |
|
|
Subsidiary |
Paris |
France |
Retail (Specialty) |
3.1 |
7 |
|
|
Subsidiary |
Gurgaon, Haryana |
India |
Chemical Manufacturing |
9.4 |
|
|
|
Subsidiary |
Maidstone |
United Kingdom |
Fabricated Plastic and Rubber |
|
|
|
|
Subsidiary |
Stockholm |
Sweden |
Office Supplies |
98.5 |
290 |
|
|
Subsidiary |
Helsingborg |
Sweden |
Chemical Manufacturing |
107.3 |
158 |
|
|
Subsidiary |
Colombes |
France |
Chemical Manufacturing |
24.7 |
34 |
|
|
Subsidiary |
Sölvesborg, Blekinge |
Sweden |
Chemical Manufacturing |
20.6 |
34 |
|
|
Subsidiary |
Widnes |
United Kingdom |
Business Services |
28.3 |
30 |
|
|
Subsidiary |
Nienburg (Weser), Niedersachsen |
Germany |
Chemical Manufacturing |
|
25 |
|
|
Subsidiary |
AB Sas van Gent |
Netherlands |
Chemical Manufacturing |
|
20 |
|
|
Subsidiary |
Livorno |
Italy |
Chemical Manufacturing |
10.4 |
14 |
|
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Subsidiary |
Uetikon am See |
Switzerland |
Chemical Manufacturing |
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|
|
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Subsidiary |
Lund |
Sweden |
Apparel and Accessories |
37.3 |
142 |
|
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Subsidiary |
Staffanstorp |
Sweden |
Construction and Agriculture Machinery |
125.4 |
108 |
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|
Subsidiary |
Ă…hus, SkĂ¥ne |
Sweden |
Construction and Agriculture Machinery |
24.7 |
34 |
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|
Subsidiary |
Trensum, Blekinge |
Sweden |
Hotels and Motels |
2.6 |
29 |
|
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Subsidiary |
Stockholm, Stockholm |
Sweden |
Miscellaneous Financial Services |
9.8 |
4 |
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|
Subsidiary |
Malmö, SkĂ¥ne |
Sweden |
Crops |
712.5 |
5 |
Executives
Report
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30-Jun-2012 |
30-Jun-2011 |
30-Jun-2010 |
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Period Length |
12 Months |
12 Months |
12 Months |
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Filed Currency |
SEK |
SEK |
SEK |
|
Exchange Rate
(Period Average) |
6.727617 |
6.707168 |
7.270479 |
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Consolidated |
No |
No |
No |
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Total Revenue |
96.5 |
82.8 |
75.7 |
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Gross Profit |
17.4 |
9.2 |
11.1 |
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Net Financial Items |
0.2 |
-0.1 |
-0.2 |
|
Operating Income |
15.4 |
7.4 |
9.6 |
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Income Before Tax |
15.5 |
7.2 |
9.1 |
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Net Income |
11.4 |
5.3 |
6.7 |
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Annual Balance
Sheet |
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Financials in:
USD (mil) |
|
|
30-Jun-2012 |
30-Jun-2011 |
30-Jun-2010 |
|
Filed Currency |
SEK |
SEK |
SEK |
|
Exchange Rate |
7.065302 |
6.31005 |
7.782 |
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Consolidated |
No |
No |
No |
|
|
|
|
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Total Assets |
58.2 |
47.2 |
46.9 |
|
Provisions |
3.5 |
3.8 |
3.0 |
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Total Liabilities |
53.3 |
41.3 |
42.0 |
|
Total Equity |
1.4 |
2.1 |
1.9 |
|
|
|
Annual Ratios |
|
|
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|
30-Jun-2012 |
30-Jun-2011 |
30-Jun-2010 |
|
Period Length |
12 Months |
12 Months |
12 Months |
|
Filed Currency |
- |
- |
- |
|
Exchange Rate |
- |
- |
- |
|
Consolidated |
No |
No |
No |
|
|
|
|
|
|
Operating Margin |
16.33 |
9.04 |
12.65 |
|
Current Ratio |
92.86 |
87.68 |
90.20 |
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Total debt/total equity |
6.78 |
10.19 |
8.71 |
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Return on average equity |
377.74 |
161.98 |
213.52 |
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Annual Growth
Rates |
|
|
|
|
30-Jun-2011 |
30-Jun-2010 |
|
Period Length |
12 Months |
12 Months |
|
Filed Currency |
- |
- |
|
Exchange Rate |
- |
- |
|
Consolidated |
No |
No |
|
|
|
|
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Turnover Percent Change |
16.96% |
0.86% |
|
Marginal Contribution Percent Change |
89.74% |
-23.78% |
|
Net Financial Items Percent Change |
318.42% |
61.19% |
|
Operating Results Percent Change |
108.49% |
-28.47% |
|
Profit/Loss Before Tax Percent Change |
115.23% |
-26.92% |
|
Profit/Loss for the Year Percent Change |
116.08% |
-26.99% |
|
Assets Percent Change |
38.17% |
-18.43% |
|
Provisions Percent Change |
3.62% |
2.41% |
|
Debts Percent Change |
44.42% |
-20.19% |
|
Equity Capital Percent Change |
-23.06% |
-12.30% |
|
Operating Margin Percent Change |
80.64% |
-28.54% |
|
Current Ratio Percent Change |
5.91% |
-2.79% |
|
Debt/Equity Ratio Percent Change |
-33.46% |
16.99% |
|
Retun On Equity Percent Change |
133.20% |
-24.14% |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.58.74 |
|
|
1 |
Rs.91.99 |
|
Euro |
1 |
Rs.78.70 |
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.