|
Report Date : |
22.03.2013 |
IDENTIFICATION DETAILS
|
Name : |
MATTSSONS
I ANDERSTORP AKTIEBOLAG |
|
|
|
|
Registered Office : |
Box 134,
33423 ANDERSTORP |
|
|
|
|
Country : |
Sweden |
|
|
|
|
Financials (as on) : |
2011 |
|
|
|
|
Date of Incorporation : |
14.12.1951 |
|
|
|
|
Com. Reg. No.: |
5560562497 |
|
|
|
|
Legal Form : |
Limited
liability company |
|
|
|
|
Line of Business : |
Wholesale
of hardware |
|
|
|
|
No. of Employees : |
58 |
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 : |
Regular |
|
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 |
|
Business
Name |
Mattssons
i Anderstorp Aktiebolag |
|
Country |
SWEDEN |
|
Company
Registration Number |
5560562497 |
|
Main
Activity |
Wholesale
of hardware |
|
Activity
Code |
46741 |
|
Company
Status |
Active |
|
Latest
Turnover Figure |
210.513.000
SEK |
|
Latest
Shareholder Equity Figure |
105.570.000
SEK |
|
|
|
Company Information
|
|
|
|
|
|
Basic
Information |
|
|
Business
Name |
Mattssons
i Anderstorp Aktiebolag |
|
Registered
Company Name |
Mattssons
i Anderstorp Aktiebolag |
|
Company
Registration Number |
5560562497 |
|
Country |
SWEDEN |
|
VAT
Registration Number |
SE556056249701 |
|
Date
of Company Registration |
14/12/1951 |
|
Legal
Form |
Limited
liability company |
|
Company
Status |
Active |
|
Currency
of this Report |
SEK |
|
Principal
Activity Description |
Bolaget
skall bedriva tillverkning och fbrsaljning av industriprodukter samt idka
darmed fbrenlig verksamhet. |
|
Contact
Address |
Box
134, 33423 ANDERSTORP |
|
Contact
Telephone Number |
0371-89000 |
|
|
|||
|
Profit
and Loss |
|||
|
Financial
Year |
2011 |
2010 |
2009 |
|
Number
of Weeks |
52 |
52 |
52 |
|
Currency |
SEK |
SEK |
SEK |
|
Conslotidated
Accounts |
N |
N |
N |
|
Revenue |
211.681.000 |
173.053.000 |
147.512.000 |
|
Operating
Costs |
195.566.000 |
167.620.000 |
142.212.000 |
|
Operating
Profit |
16.115.000 |
5.433.000 |
5.300.000 |
|
Wages
& Salaries |
|
|
|
|
Depreciation
- - - |
|||
|
Financial
Income |
398.000 |
974.000 |
718.000 |
|
Financial
Expenses |
-1.531.000 |
-1.886.000 |
-1.669.000 |
|
Extraordinary
Income |
|
|
|
|
Extraordinary
Costs
- - - |
|||
|
Profit
before Tax |
22.982.000 |
22.621.000 |
2.998.000 |
|
Tax |
-3.064.000 |
-1.738.000 |
-4.000 |
|
Profit
after Tax |
19.918.000 |
20.883.000 |
2.994.000 |
|
Minority
Interests
- - - |
|||
|
Other
Appropriations |
-3.553.000 |
1.748.000 |
7.380.000 |
|
Retained
Profit |
16.365.000 |
22.631.000 |
10.374.000 |
|
|
|||
|
Balance
Sheet |
|||
|
Financial
Year |
2011 |
2010 |
2009 |
|
Number
of Weeks |
52 |
52 |
52 |
|
Currency |
SEK |
SEK |
SEK |
|
Consolidated
Accounts |
N |
N |
N |
|
Land
& Buildings |
20.324.000 |
21.806.000 |
23.310.000 |
|
Plant
& Machinery |
0 |
0 |
0 |
|
Other
Tangible Assets |
2.376.000 |
3.475.000 |
6.130.000 |
|
Total
Tangible Assets |
22.700.000 |
25.281.000 |
29.440.000 |
|
Goodwill |
0 |
0 |
0 |
|
Other
Intangible Assets |
0 |
0 |
0 |
|
Total
Intangible Assets |
0 |
0 |
0 |
|
Loans
To Group |
0 |
0 |
0 |
|
Other
Loans |
0 |
0 |
0 |
|
Miscellaneous
Fixed Assets |
18.204.000 |
18.056.000 |
17.823.000 |
|
Total
Other Fixed Assets |
18.204.000 |
18.056.000 |
17.823.000 |
|
TOTAL
FIXED ASSETS |
40.904.000 |
43.337.000 |
47.263.000 |
|
Work
In Progress |
0 |
0 |
0 |
|
Other
Inventories |
81.093.000 |
71.735.000 |
75.810.000 |
|
Total
Inventories |
81.093.000 |
71.735.000 |
75.810.000 |
|
Trade
Receivables |
36.740.000 |
27.350.000 |
23.302.000 |
|
Group
Receivables |
9.313.000 |
15.621.000 |
13.617.000 |
|
Miscellaneous
Receivables |
5.707.000 |
3.921.000 |
3.195.000 |
|
Total
Receivables |
51.760.000 |
46.892.000 |
40.114.000 |
|
Cash |
966.000 |
1.498.000 |
817.000 |
|
Other
Current Assets |
1.025.000 |
0 |
0 |
|
TOTAL
CURRENT ASSETS |
134.844.000 |
120.125.000 |
116.741.000 |
|
TOTAL
ASSETS |
175.748.000 |
163.463.000 |
164.004.000 |
|
Trade
Payables |
15.168.000 |
21.492.000 |
7.223.000 |
|
Bank
Liabilities |
18.060.000 |
16.755.000 |
33.400.000 |
|
Group
Payables |
2.435.000 |
5.279.000 |
18.079.000 |
|
Miscellaneous
Liabilities |
18.915.000 |
11.945.000 |
13.953.000 |
|
TOTAL
CURRENT LIABILITIES |
54.578.000 |
55.471.000 |
72.655.000 |
|
Bank
Liabilities Due After 1 Year |
8.108.000 |
12.348.000 |
16.588.000 |
|
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 |
7.492.000 |
3.939.000 |
5.687.000 |
|
TOTAL
LONG TERM LIABILITIES |
15.600.000 |
16.287.000 |
22.275.000 |
|
TOTAL
LIABILITIES |
70.178.000 |
71.758.000 |
94.930.000 |
|
Called
Up Share Capital |
6.000.000 |
6.000.000 |
6.000.000 |
|
Share
Premium |
0 |
0 |
0 |
|
Revenue
Reserves |
98.370.000 |
84.505.000 |
73.974.000 |
|
Other
Reserves |
1.200.000 |
1.200.000 |
-10.900.000 |
|
TOTAL
SHAREHOLDERS EQUITY |
105.570.000 |
91.705.000 |
69.074.000 |
|
|
|||
|
Other
Financials |
|||
|
Contingent
Liabilities |
19.111.000 |
490.000 |
260.000 |
|
Working
Capital |
80.266.000 |
64.654.000 |
44.086.000 |
|
Net
Worth |
105.570.000 |
91.705.000 |
69.074.000 |
|
|
|||
|
Ratios |
|||
|
Pre-Tax
Profit Margin |
10.86
% |
13.07
% |
2.03
% |
|
Return
On Capital Employed |
9.98
% |
10.33
% |
1.27
% |
|
Return
On Total Assets Employed |
13.08
% |
13.84
% |
1.83
% |
|
Return
On Net Assets Employed |
21.77
% |
24.67
% |
4.34
% |
|
Sales/Net
Working Capital |
2.64 |
2.68 |
3.35 |
|
Stock
Turnover Ratio |
38.31
% |
41.45
% |
51.39
% |
|
Debtor
Days |
63.35 |
57.69 |
57.66 |
|
Creditor
Days |
26.15 |
45.33 |
17.87 |
|
Current
Ratio |
2.47 |
2.17 |
1.61 |
|
Liquidity
Ratio/Acid Test |
0.98 |
0.87 |
0.56 |
|
Current
Debt Ratio |
0.52 |
0.60 |
1.05 |
|
Gearing |
24.79
% |
31.74
% |
72.37
% |
|
Equity
In Percentage |
67.01
% |
63.07
% |
47.25
% |
|
Total
Debt Ratio |
0.66 |
0.78 |
1.37 |
|
Main
Address |
||
|
Address |
Country |
Telephone |
|
Box
134, 33423 ANDERSTORP |
SWEDEN |
0371-89000 |
Address
Country
No
other addresses for this company.
Email
Addresses
Web Pages www.mattssons.com
Share
Capital Structure
Issued Share Capital 6.000.000SEK
|
Current
Directors |
|||
|
Name |
Appointment
Date |
Position |
|
|
Sven-Ake
Holger Matsson |
04/07/1995 |
Actual
Member of Board |
|
|
Stig
Olof Ingvar Mattsson |
|
Actual
Member of Board |
|
|
Emil
Karl Ingvar Mattsson |
27/08/2009 |
Actual
Member of Board |
|
|
Erik
Gbsta Bergenhem |
01/11/2003 |
Actual
Member of Board |
|
Ultimate
Holding Parent
No
information for this company.
Immediate
Holding Parent
No
information for this company
|
Subsidary
Companies |
||
|
Subsidiary
Name |
Country |
|
|
Mattssons
Fasteners i Anderstorp Aktiebolag |
SWEDEN |
|
|
Mattssons
Parafusos Lda |
PORTUGAL |
|
|
Mattssons
Precision Hardware Co Ltd |
CHINA |
|
|
Nitfabriken
Wulkan Aktiebolag |
SWEDEN |
|
|
Nylok
Scandinavia AB |
SWEDEN |
|
|
|
||
|
Affiliates |
||
|
Affiliate
Name |
Country |
|
|
Abo
Fbrvaltning AB |
SWEDEN |
|
|
Employee
Information |
|
|
|
Number
of Employees |
|
2011 |
58 |
|
2010 |
59 |
|
2009 |
61 |
|
2008 |
79 |
|
2007 |
77 |
Auditor Name
Sven Anders
Hartvig Larsson
|
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 |
|
46741 |
|
Activity
Description |
Wholesale
of hardware |
|
|
Industry
Average Credit Rating |
|
77
(1 - 100) |
|
Industry
Average Credit Limit |
1.010.000
SEK |
|
|
|
||
|
Event
History |
||
|
Event
Date |
Event
Description |
|
|
27/08/2012 |
Group
annual accout, new |
|
|
27/08/2012 |
|
Annual
account, new |
|
09/08/2012 |
Annual
report (PDF), new |
|
|
29/07/2011 |
|
Group
annual accout, new |
|
29/07/2011 |
Annual
account, new |
|
|
22/07/2011 |
|
Annual
report (PDF), new |
|
03/01/2011 |
Certificate,
registered |
|
|
30/08/2010 |
|
Annual
account, new |
|
16/08/2010 |
Annual
report (PDF), new |
|
|
09/09/2009 |
|
Annual
account, new |
|
28/08/2009 |
Company
representatives, changed |
|
|
28/08/2009 |
|
Authorised
signatory, changed |
|
28/08/2009 |
Board,
changed |
|
|
06/08/2009 |
|
Annual
report (PDF), new |
|
11/09/2008 |
Annual
account, new |
|
|
13/08/2008 |
|
Annual
report (PDF), new |
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 1
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.28 |
|
|
1 |
Rs.82.65 |
|
Euro |
1 |
Rs.70.22 |
INFORMATION DETAILS
|
Report Prepared
by : |
PDT |
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.