MIRA INFORM REPORT
|
Report Date : |
14.11.2013 |
IDENTIFICATION DETAILS
|
Name : |
CAR-O-LINER AKTIEBOLAG |
|
|
|
|
Registered Office : |
Box 7, 73621
Kungsör |
|
|
|
|
Country : |
Sweden |
|
|
|
|
Financials (as on) : |
2012 |
|
|
|
|
Date of Incorporation : |
21.06.1940 |
|
|
|
|
Com. Reg. No.: |
5560394404 |
|
|
|
|
Legal Form : |
Limited liability
company |
|
|
|
|
Line of Business : |
Manufacture of
instruments and appliances for measuring, testing and navigation |
|
|
|
|
No. of Employees : |
133 |
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 but 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 – 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
REGISTERED
NAME & COMPANY SUMMARY
|
Business Name |
Car-O-Liner
Aktiebolag |
|
Country |
SWEDEN |
|
Company
Registration Number |
5560394404 |
|
Main Activity |
Manufacture of instruments
and appliances for measuring, testing and navigation |
|
Activity Code |
26510 |
|
Company Status |
Active |
|
Latest Turnover
Figure |
393.040.000 |
|
Latest
Shareholder Equity Figure |
41.314.000 |
|
Common Rating
Description |
Very Good Credit Worthiness |
|
Provider Rating
Description |
Very good credit
worthiness |
Basic Information
|
Business Name |
Car-O-Liner Aktiebolag |
|
Registered
Company Name |
Car-O-Liner Aktiebolag |
|
Company
Registration Number |
5560394404 |
|
Country |
SWEDEN |
|
VAT Registration
Number |
SE556039440401 |
|
Date of Company
Registration |
21/06/1940 |
|
Legal Form |
Limited liability
company |
|
Company Status |
Active |
|
Currency of this
Report |
SEK |
|
Principal
Activity Description |
The Company shall carry on trade and factory operating in
the metal goods industry and to
conduct related activities. |
|
Contact Address |
Box 7, 73621
KUNGSÖR |
|
Contact Telephone
Number |
0227-41200 |
DIRECTORS/MANAGEMENT
|
Current
Directors |
|||
|
Name |
Appointment Date |
Position |
|
|
Lars Johan Nordström |
20/01/2009 |
Actual Member of
Board |
|
|
Kenneth Boris Uddh |
02/09/2010 |
Actual Member of
Board |
|
|
Jimmy Mikael Blom |
02/06/2012 |
Substitute |
|
|
Previous
Directors |
|||
|
Name |
Appointment Date |
Position |
Resignation Date |
|
Karl Tomas
Ansanius |
04/02/2002 |
Substitute |
|
|
Lars Johan
Mattsson |
02/11/2006 |
Actual Member of
Board |
|
|
Robin Peter
Afzelius |
13/04/2006 |
Actual Member of
Board |
|
NEGATIVE
INFORMATION
|
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 |
- |
SHARE
& SHARE CAPITAL INFORMATION
|
Issued Share
Capital |
20.800.000 |
PAYMENT
INFORMATION
|
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 |
GROUP
STRUCTURE & AFFILIATED COMPANIES
|
Extended Group
Structure |
||||
|
Company Name |
Country |
Number |
Safe Number |
Latest Annual
Accounts |
|
SE |
5568442841 |
SE03294797 |
31/12/2012 |
|
|
SE |
5568554959 |
SE03331908 |
31/12/2012 |
|
|
SE |
5566957675 |
SE01087168 |
31/12/2012 |
|
|
|
IN |
WXSE31139547 |
||
|
|
SG |
WXSE31139525 |
||
|
SE |
5562602911 |
SE00688275 |
31/12/2012 |
|
|
|
SE |
WXSE31139513 |
||
|
|
NL |
WXSE31139519 |
||
|
SE |
5561616250 |
SE00610937 |
31/12/2012 |
|
|
ES |
B82364217 |
ES04030467 |
31/12/2012 |
|
|
|
CN |
WXSE31139515 |
||
|
SE |
5560394404 |
SE00561968 |
31/12/2012 |
|
|
FR |
419690466 |
FR04997287 |
||
|
GB |
04494630 |
UK04142513 |
31/07/2012 |
|
|
US |
US09938327 |
US09938327 |
||
|
|
DE |
WXSE31139517 |
||
FINANCIAL
INFORMATION
|
Profit and Loss |
|||
|
Financial Year |
2012 |
2011 |
2010 |
|
Number of Weeks |
52 |
52 |
52 |
|
Currency |
SEK |
SEK |
SEK |
|
Conslotidated
Accounts |
N |
N |
N |
|
Revenue |
393.046.000 |
364.350.000 |
299.352.000 |
|
Operating Costs |
392.051.000 |
364.834.000 |
296.232.000 |
|
Operating Profit |
995.000 |
-484.000 |
3.120.000 |
|
Wages &
Salaries |
-75.402.000 |
-74.518.000 |
-68.726.000 |
|
Depreciation |
-9.230.000 |
-9.281.000 |
-5.683.000 |
|
Financial Income |
2.443.000 |
1.991.000 |
327.000 |
|
Financial
Expenses |
-4.210.000 |
-4.550.000 |
-3.359.000 |
|
Extraordinary
Income |
- |
- |
- |
|
Extraordinary Costs |
-4.210.000 |
-4.550.000 |
-3.359.000 |
|
Profit before Tax |
-772.000 |
-1.280.000 |
88.000 |
|
Tax |
2.212.000 |
2.820.000 |
-297.000 |
|
Profit after Tax |
-772.000 |
-1.280.000 |
88.000 |
|
Minority
Interests |
- |
- |
- |
|
Other
Appropriations |
-1.600.000 |
-14.044.000 |
- |
|
Retained Profit |
-160.000 |
-12.504.000 |
-209.000 |
|
Balance Sheet |
|||
|
Financial Year |
2012 |
2011 |
2010 |
|
Number of Weeks |
52 |
52 |
52 |
|
Currency |
SEK |
SEK |
SEK |
|
Consolidated
Accounts |
N |
N |
N |
|
Land &
Buildings |
894.000 |
949.000 |
1.111.000 |
|
Plant &
Machinery |
14.458.000 |
17.647.000 |
21.528.000 |
|
Other Tangible
Assets |
8.851.000 |
8.215.000 |
8.038.000 |
|
Total Tangible
Assets |
24.203.000 |
26.811.000 |
30.677.000 |
|
Goodwill |
10.468.000 |
13.957.000 |
7.104.000 |
|
Other Intangible
Assets |
0 |
0 |
0 |
|
Total Intangible
Assets |
10.468.000 |
13.957.000 |
7.104.000 |
|
Loans To Group |
0 |
0 |
0 |
|
Other Loans |
0 |
0 |
0 |
|
Miscellaneous
Fixed Assets |
17.911.000 |
17.911.000 |
17.911.000 |
|
Total Other Fixed
Assets |
17.911.000 |
17.911.000 |
17.911.000 |
|
TOTAL FIXED
ASSETS |
52.582.000 |
58.679.000 |
55.692.000 |
|
Work In Progress |
0 |
0 |
0 |
|
Other Inventories |
62.369.000 |
53.721.000 |
41.322.000 |
|
Total Inventories |
62.369.000 |
53.721.000 |
41.322.000 |
|
Trade Receivables |
31.519.000 |
28.718.000 |
24.479.000 |
|
Group Receivables |
51.934.000 |
43.204.000 |
55.486.000 |
|
Miscellaneous
Receivables |
7.293.000 |
10.820.000 |
10.689.000 |
|
Total Receivables |
90.746.000 |
82.742.000 |
90.654.000 |
|
Cash |
10.857.000 |
6.609.000 |
4.340.000 |
|
Other Current
Assets |
0 |
0 |
0 |
|
TOTAL CURRENT
ASSETS |
163.972.000 |
143.072.000 |
136.316.000 |
|
TOTAL ASSETS |
216.554.000 |
201.751.000 |
192.008.000 |
|
Trade Payables |
35.149.000 |
33.616.000 |
36.144.000 |
|
Bank Liabilities |
0 |
0 |
0 |
|
Group Payables |
38.562.000 |
20.186.000 |
19.308.000 |
|
Miscellaneous
Liabilities |
20.965.000 |
25.876.000 |
17.702.000 |
|
TOTAL CURRENT
LIABILITIES |
94.676.000 |
79.678.000 |
73.154.000 |
|
Bank Liabilities
Due After 1 Year |
38.641.000 |
47.693.000 |
55.965.000 |
|
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 |
41.923.000 |
39.229.000 |
23.220.000 |
|
TOTAL LONG TERM
LIABILITIES |
80.564.000 |
86.922.000 |
79.185.000 |
|
TOTAL LIABILITIES |
175.240.000 |
166.600.000 |
152.339.000 |
|
Called Up Share
Capital |
20.800.000 |
20.800.000 |
20.800.000 |
|
Share Premium |
0 |
0 |
0 |
|
Revenue Reserves |
10.157.000 |
2.187.000 |
15.534.000 |
|
Other Reserves |
10.357.000 |
12.164.000 |
3.335.000 |
|
TOTAL
SHAREHOLDERS EQUITY |
41.314.000 |
35.151.000 |
39.669.000 |
|
Other Financials |
|||
|
Contingent
Liabilities |
473.000 |
469.000 |
431.000 |
|
Working Capital |
69.296.000 |
63.394.000 |
63.162.000 |
|
Net Worth |
30.846.000 |
21.194.000 |
32.565.000 |
|
Ratios |
|||
|
Pre-Tax Profit
Margin |
-0.20 % |
-0.35 % |
0.03 % |
|
Return On Capital
Employed |
-0.25 % |
-0.45 % |
0.03 % |
|
Return On Total
Assets Employed |
-0.36 % |
-0.63 % |
0.05 % |
|
Return On Net
Assets Employed |
-1.87 % |
-3.64 % |
0.22 % |
|
Sales/Net Working
Capital |
5.67 |
5.75 |
4.74 |
|
Stock Turnover
Ratio |
15.87 % |
14.74 % |
13.80 % |
|
Debtor Days |
29.27 |
28.77 |
29.85 |
|
Creditor Days |
32.64 |
33.68 |
44.07 |
|
Current Ratio |
1.73 |
1.80 |
1.86 |
|
Liquidity
Ratio/Acid Test |
1.07 |
1.12 |
1.30 |
|
Current Debt
Ratio |
2.29 |
2.27 |
1.84 |
|
Gearing |
93.53 % |
135.68 % |
141.08 % |
|
Equity In
Percentage |
21.96 % |
20.69 % |
23.75 % |
|
Total Debt Ratio |
4.24 |
4.74 |
3.84 |
FOREIGN
EXCHANGE RATES
N/a
ADDITIONAL
INFORMATION
|
Activities |
|
|
Activity Code |
Activity
Description |
|
26510 |
Manufacture of instruments
and appliances for measuring, testing and navigation |
|
46521 |
Wholesale of
electronic components |
|
Main Address |
||
|
Address |
Country |
Telephone |
|
Box 7, 73621
KUNGSÖR |
SWEDEN |
0227-41200 |
|
Other Address |
|
|
Address |
Country |
|
No other
addresses for this company. |
|
|
Email Addresses |
|
No information
for this company. |
|
Web Pages |
|
www.car-o-liner.se |
|
Employee Information |
|
|
Year |
Number of
Employees |
|
2012 |
133 |
|
2011 |
118 |
|
2010 |
116 |
|
2009 |
120 |
|
2008 |
134 |
|
Advisors |
|
|
Auditor Name |
Börje Stefan Andersson Berglund |
|
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 |
26510 |
|
Activity
Description |
Manufacture of
instruments and appliances for measuring, testing and navigation |
|
Industry Average
Credit Rating |
78 (1 - 100) |
|
Industry Average
Credit Limit |
1.208.000 |
|
Event History |
|
|
Event Date |
Event
Description |
|
01/10/2013 |
Group Structure
Change |
|
11/09/2013 |
Group annual
accout, new |
|
11/09/2013 |
Annual account,
new |
|
20/08/2013 |
Group Structure
Change |
|
15/08/2013 |
Annual report
(PDF), new |
|
24/07/2013 |
Group Structure
Change |
|
08/07/2013 |
Group Structure
Change |
|
06/06/2013 |
Group Structure
Change |
|
07/05/2013 |
Certificate,
deregistered |
|
17/08/2012 |
Annual account,
new |
|
24/07/2012 |
Annual report
(PDF), new |
|
05/06/2012 |
Company
representatives, changed |
|
05/06/2012 |
Board, changed |
|
05/06/2012 |
Authorised
signatories amended or new/amended vacancy text |
|
21/03/2012 |
Authorised
signatories amended or new/amended vacancy text |
|
21/03/2012 |
Company
representatives, changed |
|
21/03/2012 |
Board, changed |
|
21/03/2012 |
Company business
activity, changed |
|
24/01/2012 |
Board, changed |
|
24/01/2012 |
Company
representatives, changed |
|
15/09/2011 |
Annual account,
new |
|
13/09/2011 |
Annual report
(PDF), new |
|
07/09/2010 |
Annual account,
new |
|
03/09/2010 |
Authorised
signatory, changed |
|
03/09/2010 |
Company
representatives, changed |
|
03/09/2010 |
Board, changed |
|
01/09/2010 |
Annual report
(PDF), new |
|
05/08/2009 |
Annual account,
new |
|
16/07/2009 |
Annual report
(PDF), new |
|
09/03/2009 |
Board, changed |
|
21/01/2009 |
Authorised
signatory, changed |
|
21/01/2009 |
Board, changed |
|
21/01/2009 |
Company
representatives, changed |
NOTES
& COMMENTS
N/a
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.65 |
|
|
1 |
Rs.101.17 |
|
Euro |
1 |
Rs.85.55 |
INFORMATION DETAILS
|
Report
Prepared by : |
NIS |
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.