|
Report Date : |
21.03.2013 |
IDENTIFICATION DETAILS
|
Name : |
FAMECO GROUP AB |
|
|
|
|
Registered Office : |
Box 68,
33033 Hillerstorp |
|
|
|
|
Country : |
Sweden |
|
|
|
|
Financials (as on) : |
2011 |
|
|
|
|
Date of Incorporation : |
12.02.1981 |
|
|
|
|
Com. Reg. No.: |
5562086313 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
Manufacturer
of fasteners and screw machine products |
|
|
|
|
No. of Employees : |
126 |
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 : |
Usually Correct |
|
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 |
A2 |
A2 |
|
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 |
|
Business Name |
Fameco Group AB |
|
Country |
SWEDEN |
|
Company
Registration Number |
5562086313 |
|
Main Activity |
Manufacture
of fasteners and screw machine products |
|
Activity Code |
25940 |
|
Company Status |
Active |
|
Latest Turnover
Figure |
287.157.000
SEK |
|
Latest Shareholder
Equity Figure |
14.179.000
SEK |
|
Basic Information |
|
|
Business Name |
Fameco
Group AB |
|
Registered Company
Name |
Fameco
Group AB |
|
Company
Registration Number |
5562086313 |
|
Country |
SWEDEN |
|
VAT Registration
Number |
SE556208631301 |
|
Date of Company
Registration |
12/02/1981 |
|
Legal Form |
Limited
liability company |
|
Company Status |
Active |
|
Currency of this
Report |
SEK |
|
Principal Activity
Description |
Bolaget
skall direkt och indirekt genom dotterfbretag bedriva handel med och
tillverkning av fastelement och darmed liknande produkter och tjanster,
produktion och fbrsaljning av verkstads- produkter, tillverkning, handel och
fbrsaljning av metallartiklar (The Company shall directly and indirectly
through dotterfbretag trading and manufacturing of solid elements and thus
similar products and services, production and fbrsaljning of engineering
products, manufacturing, trade and fbrsaljning of metal articles) |
|
|
|
|
Contact Address |
Box
68, 33033 HILLERSTORP |
|
Contact Telephone
Number |
0370-25800 |
|
Activity Code |
Activity
Description |
|
25940 |
Manufacture
of fasteners and screw machine products |
|
46741 |
Wholesale
of hardware |
|
25999 |
Manufacture
of various other fabricated metal products n.e.c. |
|
45310 |
Wholesale
trade of motor vehicle parts and accessories |
|
Profit and Loss |
|||
|
Financial Year |
2011 |
2010 |
2009 |
|
Number of Weeks |
52 |
52 |
52 |
|
Currency |
SEK |
SEK |
SEK |
|
Consolidated
Accounts |
N |
N |
N |
|
Revenue |
287.356.000 |
243.478.000 |
167.682.000 |
|
Operating Costs |
278.912.000 |
249.240.000 |
195.098.000 |
|
Operating Profit |
8.444.000 |
-5.762.000 |
-27.416.000 |
|
Wages &
Salaries |
|
|
|
|
Depreciation
-
- - |
|||
|
Financial Income |
1.967.000 |
1.396.000 |
1.183.000 |
|
Financial Expenses |
-10.780.000 |
-7.380.000 |
-7.548.000 |
|
Extraordinary
Income |
|
|
|
|
Extraordinary Costs
- - - |
|||
|
Profit before Tax |
-369.000 |
-11.746.000 |
-33.781.000 |
|
Tax |
-288.000 |
1.439.000 |
2.498.000 |
|
Profit after Tax |
-657.000 |
-10.307.000 |
-31.283.000 |
|
Minority Interests
- - - |
|||
|
Other
Appropriations |
2.242.000 |
3.970.000 |
11.039.000 |
|
Retained Profit |
1.585.000 |
-6.337.000 |
-20.244.000 |
|
|
|||
|
Balance Sheet |
|||
|
Financial Year |
2011 |
2010 |
2009 |
|
Number of Weeks |
52 |
52 |
52 |
|
Currency |
SEK |
SEK |
SEK |
|
Consolidated
Accounts |
N |
N |
N |
|
Land & Buildings |
12.759.000 |
14.316.000 |
15.982.000 |
|
Plant &
Machinery |
6.853.000 |
8.460.000 |
9.657.000 |
|
Other Tangible
Assets |
1.533.000 |
2.302.000 |
2.932.000 |
|
Total Tangible
Assets |
21.145.000 |
25.078.000 |
28.571.000 |
|
Goodwill |
24.685.000 |
26.449.000 |
28.212.000 |
|
Other Intangible
Assets |
1.126.000 |
2.259.000 |
2.743.000 |
|
Total Intangible
Assets |
25.811.000 |
28.708.000 |
30.955.000 |
|
Loans To Group |
0 |
0 |
0 |
|
Other Loans |
0 |
0 |
0 |
|
Miscellaneous Fixed
Assets |
10.759.000 |
10.824.000 |
10.824.000 |
|
Total Other Fixed
Assets |
10.759.000 |
10.824.000 |
10.824.000 |
|
TOTAL FIXED ASSETS |
57.715.000 |
64.610.000 |
70.350.000 |
|
Work In Progress |
0 |
0 |
0 |
|
Other Inventories |
85.166.000 |
82.654.000 |
76.665.000 |
|
Total Inventories |
85.166.000 |
82.654.000 |
76.665.000 |
|
Trade Receivables |
56.182.000 |
52.732.000 |
46.928.000 |
|
Group Receivables |
26.800.000 |
19.656.000 |
8.992.000 |
|
Miscellaneous
Receivables |
4.283.000 |
4.117.000 |
3.950.000 |
|
Total Receivables |
87.265.000 |
76.505.000 |
59.870.000 |
|
Cash |
154.000 |
363.000 |
1.596.000 |
|
Other Current
Assets |
0 |
0 |
0 |
|
TOTAL CURRENT
ASSETS |
172.585.000 |
159.522.000 |
138.131.000 |
|
TOTAL ASSETS |
230.300.000 |
224.132.000 |
208.481.000 |
|
Trade Payables |
45.616.000 |
43.688.000 |
28.941.000 |
|
Bank Liabilities |
75.295.000 |
57.097.000 |
40.776.000 |
|
Group Payables |
0 |
3.351.000 |
1.090.000 |
|
Miscellaneous
Liabilities |
29.492.000 |
18.254.000 |
20.333.000 |
|
TOTAL CURRENT
LIABILITIES |
150.403.000 |
122.390.000 |
91.140.000 |
|
Bank Liabilities
Due After 1 Year |
49.100.000 |
69.100.000 |
77.500.000 |
|
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 |
16.618.000 |
18.647.000 |
22.899.000 |
|
|
TOTAL LONG TERM
LIABILITIES |
65.718.000 |
87.747.000 |
100.399.000 |
|
|
TOTAL LIABILITIES |
216.121.000 |
210.137.000 |
191.539.000 |
|
|
Called Up Share
Capital |
150.000 |
150.000 |
150.000 |
|
|
Share Premium |
0 |
0 |
0 |
|
|
Revenue Reserves |
15.400.000 |
10.425.000 |
10.497.000 |
|
|
Other Reserves |
-1.371.000 |
3.420.000 |
6.295.000 |
|
|
TOTAL SHAREHOLDERS
EQUITY |
14.179.000 |
13.995.000 |
16.942.000 |
|
|
|
||||
|
Other Financials |
||||
|
Contingent
Liabilities |
330.000 |
221.000 |
221.000 |
|
|
Working Capital |
22.182.000 |
37.132.000 |
46.991.000 |
|
|
Net Worth |
-11.632.000 |
-14.713.000 |
-14.013.000 |
|
|
|
||||
|
Ratios |
||||
|
Pre-Tax Profit Margin |
-0.13 % |
-4.82 % |
-20.15 % |
|
|
Return On Capital Employed |
-0.10 % |
-3.39 % |
-11.27 % |
|
|
Return On Total Assets Employed |
-0.16 % |
-5.24 % |
-16.20 % |
|
|
Return On Net Assets Employed |
-2.60 % |
-83.93 % |
-199.39 % |
|
|
Sales/Net Working Capital |
12.95 |
6.56 |
3.57 |
|
|
Stock Turnover Ratio |
29.64 % |
33.95 % |
45.72 % |
|
|
Debtor Days |
71.36 |
79.05 |
102.15 |
|
|
Creditor Days |
57.94 |
65.49 |
63.00 |
|
|
Current Ratio |
1.15 |
1.30 |
1.52 |
|
|
Liquidity Ratio/Acid Test |
0.58 |
0.63 |
0.67 |
|
|
Current Debt Ratio |
10.61 |
8.75 |
5.38 |
|
|
Gearing |
877.32 % |
901.73 % |
698.12 % |
|
|
Equity In Percentage |
7.32 % |
7.58 % |
10.16 % |
|
|
Total Debt Ratio |
15.24 |
15.02 |
11.31 |
|
|
Main Address |
||
|
Address |
Country |
Telephone |
|
Box
68, 33033 HILLERSTORP |
SWEDEN |
0370-25800 |
|
|
||
|
Other Address |
||
|
Address |
Country |
|
|
Flbjelbergsgatan
1 C, 43135 |
SWEDEN |
|
|
Fabriksgatan
53, 56831 |
SWEDEN |
|
Email Addresses
Web
Pages
Issued Share Capital 150.000
SEK
|
Current Directors |
|||
|
Name |
Appointment Date |
Position |
|
|
Bengt
Torbjbrn Cardell |
22/03/2006 |
Actual
Member of Board |
|
|
Lars
Olof Abrahamson |
22/03/2006 |
Actual
Member of Board |
|
|
Patrik
Walldov |
26/06/2009 |
Actual
Member of Board |
|
|
Sten
Olov Gunnar Langenius |
22/03/2006 |
Actual
Member of Board |
|
|
Ultimate Holding
Parent |
|
|
Ultimate Holding
Company Name |
FAMECO
Holding AB |
|
Ultimate Holding
Company Country |
SWEDEN |
|
Immediate Holding
Parent |
|
|
Immediate Holding
Company Name |
FAMECO
Holding AB |
|
Immediate Holding
Company Country |
SWEDEN |
|
Subsidiary
Companies |
||
|
Subsidiary Name |
Country |
Number |
|
Skruvia
AB |
SWEDEN |
5560698366 |
|
Affiliates |
||
|
Affiliate Name |
Country |
Number |
No
affiliates for this company
|
Employee
Information |
|
|
Year |
Number of Employees |
|
2011 |
126 |
|
2010 |
119 |
|
2009 |
105 |
|
2008 |
156 |
|
2007 |
11 |
Auditors name Karin
Margareta Grann
|
Tax Registrations |
||
|
Registered for Tax |
|
Yes |
|
Registered for VAT |
Yes |
|
|
Registered for
Employee Tax |
|
Yes |
|
|
||
|
Certificates |
||
|
Type |
Category |
Issuer |
|
No
certificate information for this company. |
||
|
|
||
|
Industry Comparison |
||
|
Activity Code |
|
25940 |
|
Activity
Description |
Manufacture
of fasteners and screw machine products |
|
|
|
||
|
Event History |
||
|
Event Date |
Event Description |
|
|
10/08/2012 |
Board,
changed |
|
|
31/07/2012 |
|
Group
annual account, new |
|
31/07/2012 |
Annual
account, new |
|
|
31/07/2012 |
|
Limit,
decrease |
|
11/07/2012 |
Annual
report (PDF), new |
|
|
01/07/2011 |
|
Annual
account, new |
|
01/07/2011 |
Group
annual account, new |
|
|
24/06/2011 |
|
Annual
report (PDF), new |
|
23/06/2010 |
Annual
account, new |
|
|
15/06/2010 |
|
Annual
report (PDF), new |
|
10/09/2009 |
Annual
account, new |
|
|
10/09/2009 |
|
Limit,
increase |
|
19/08/2009 |
Annual
report (PDF), new |
|
|
29/06/2009 |
|
Company
representatives, changed |
|
29/06/2009 |
Authorised
signatory, changed |
|
|
29/06/2009 |
|
Board,
changed |
|
11/07/2008 |
Annual
account, new |
|
|
30/06/2008 |
|
Annual
report (PDF), new |
|
28/03/2008 |
Address,
changed |
|
|
25/03/2008 |
|
Company
business activity, changed |
|
24/03/2008 |
Company
business activity, changed |
|
|
21/03/2008 |
|
Company
business activity, changed |
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
·
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
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.38 |
|
UK Pound |
1 |
Rs.82.07 |
|
Euro |
1 |
Rs.70.37 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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.