|
Report Date : |
18.11.2013 |
IDENTIFICATION DETAILS
|
Name : |
FOREST TRADE I GÖTEBORG AB |
|
|
|
|
Registered Office : |
Påskbergsgatan 9, 41268 Göteborg |
|
|
|
|
Country : |
Sweden |
|
|
|
|
Financials (as on) : |
2012 |
|
|
|
|
Date of Incorporation : |
11.01.2011 |
|
|
|
|
Com. Reg. No.: |
5568378292 |
|
|
|
|
Legal Form : |
Limited liability
company |
|
|
|
|
Line of Business : |
Subject’s business is related to pulp and paper. |
|
|
|
|
No. of Employees : |
01 |
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 : |
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
Company Summary
|
Business Name |
FOREST TRADE I
GÖTEBORG AB |
|
Country |
SWEDEN |
|
Company
Registration Number |
5568378292 |
|
Main Activity |
Wholesale of
other intermediate products n.e.c. |
|
Activity Code |
46769 |
|
Company Status |
Active |
|
Latest Turnover
Figure |
1.478.000 |
|
Latest
Shareholder Equity Figure |
841.000 |
|
Common Rating
Description |
Good Credit
Worthiness |
|
Provider Rating
Description |
Good credit
worthiness |
|
Business Name |
Forest Trade i Göteborg AB |
|
Registered
Company Name |
Forest Trade i Göteborg AB |
|
Company
Registration Number |
5568378292 |
|
Country |
SWEDEN |
|
VAT Registration
Number |
SE556837829201 |
|
Date of Company
Registration |
11/01/2011 |
|
Legal Form |
Limited liability
company |
|
Company Status |
Active |
|
Currency of this
Report |
SEK |
|
Principal
Activity Description |
The company related in pulp and paper and related
business. |
|
Contact Address |
Påskbergsgatan 9, 41268 GÖTEBORG |
|
Contact Telephone
Number |
076-9471050 |
|
Current Directors |
|||
|
Name |
Appointment Date |
Position |
|
|
Bengt Olof Klas Olander |
17/03/2011 |
Actual Member of
Board |
|
|
Caj Sigvald
Larsson |
17/03/2011 |
Substitute |
|
|
Previous
Directors |
|||
|
Name |
Appointment Date |
Position |
Resignation Date |
|
Christer René
Bengtsson |
11/01/2011 |
Actual Member of
Board |
|
|
Åke Stefan Persson |
11/01/2011 |
Substitute |
|
|
No group
structure for this company. |
No negative information found
|
Issued Share
Capital |
50.000 |
|
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 |
|
N/a
|
Profit and Loss |
||
|
Financial Year |
2012 |
2011 |
|
Number of Weeks |
52 |
61 |
|
Currency |
SEK |
SEK |
|
Conslotidated
Accounts |
N |
N |
|
Revenue |
1.478.000 |
936.000 |
|
Operating Costs |
504.000 |
391.000 |
|
Operating Profit |
974.000 |
545.000 |
|
Wages &
Salaries |
-217.000 |
-170.000 |
|
Depreciation |
- |
- |
|
Financial Income |
- |
1.000 |
|
Financial
Expenses |
-44.000 |
-11.000 |
|
Extraordinary
Income |
- |
- |
|
Extraordinary
Costs |
-44.000 |
-11.000 |
|
Profit before Tax |
930.000 |
535.000 |
|
Tax |
-193.000 |
-111.000 |
|
Profit after Tax |
930.000 |
535.000 |
|
Minority
Interests |
- |
- |
|
Other
Appropriations |
-240.000 |
-130.000 |
|
Retained Profit |
497.000 |
294.000 |
|
Balance Sheet |
||
|
Financial Year |
2012 |
2011 |
|
Number of Weeks |
52 |
61 |
|
Currency |
SEK |
SEK |
|
Consolidated
Accounts |
N |
N |
|
Land &
Buildings |
0 |
0 |
|
Plant &
Machinery |
0 |
0 |
|
Other Tangible
Assets |
0 |
0 |
|
Total Tangible
Assets |
0 |
0 |
|
Goodwill |
0 |
0 |
|
Other Intangible
Assets |
0 |
0 |
|
Total Intangible
Assets |
0 |
0 |
|
Loans To Group |
0 |
0 |
|
Other Loans |
0 |
0 |
|
Miscellaneous
Fixed Assets |
0 |
0 |
|
Total Other Fixed
Assets |
0 |
0 |
|
TOTAL FIXED
ASSETS |
0 |
0 |
|
Work In Progress |
0 |
0 |
|
Other Inventories |
0 |
0 |
|
Total Inventories |
0 |
0 |
|
Trade Receivables |
181.000 |
445.000 |
|
Group Receivables |
0 |
0 |
|
Miscellaneous
Receivables |
69.000 |
12.000 |
|
Total Receivables |
250.000 |
457.000 |
|
Cash |
1.336.000 |
188.000 |
|
Other Current
Assets |
0 |
0 |
|
TOTAL CURRENT
ASSETS |
1.586.000 |
646.000 |
|
TOTAL ASSETS |
1.586.000 |
646.000 |
|
Trade Payables |
3.000 |
14.000 |
|
Bank Liabilities |
0 |
0 |
|
Group Payables |
0 |
0 |
|
Miscellaneous
Liabilities |
372.000 |
158.000 |
|
TOTAL CURRENT
LIABILITIES |
375.000 |
172.000 |
|
Bank Liabilities
Due After 1 Year |
0 |
0 |
|
Other Loans Or
Finance Due After 1 Year |
0 |
0 |
|
Group Payables
After 1 Year |
0 |
0 |
|
Miscellaneous
Liabilities Due After 1 Year |
370.000 |
130.000 |
|
TOTAL LONG TERM
LIABILITIES |
370.000 |
130.000 |
|
TOTAL LIABILITIES |
745.000 |
302.000 |
|
Called Up Share
Capital |
50.000 |
50.000 |
|
Share Premium |
0 |
0 |
|
Revenue Reserves |
791.000 |
294.000 |
|
Other Reserves |
0 |
0 |
|
TOTAL
SHAREHOLDERS EQUITY |
841.000 |
344.000 |
|
Other Financials |
||
|
Contingent
Liabilities |
0 |
0 |
|
Working Capital |
1.211.000 |
474.000 |
|
Net Worth |
841.000 |
344.000 |
|
Pre-Tax Profit
Margin |
62.92 % |
57.16 % |
|
Return On Capital
Employed |
47.42 % |
65.40 % |
|
Return On Total
Assets Employed |
58.64 % |
82.82 % |
|
Return On Net
Assets Employed |
110.58 % |
155.52 % |
|
Sales/Net Working
Capital |
1.22 |
1.97 |
|
Stock Turnover
Ratio |
||
|
Debtor Days |
44.70 |
173.53 |
|
Creditor Days |
0.74 |
5.46 |
|
Current Ratio |
4.23 |
3.76 |
|
Liquidity
Ratio/Acid Test |
4.23 |
3.76 |
|
Current Debt
Ratio |
0.45 |
0.50 |
|
Gearing |
||
|
Equity In
Percentage |
53.03 % |
53.25 % |
|
Total Debt Ratio |
0.89 |
0.88 |
N/a
|
Activities |
|
|
Activity Code |
Activity
Description |
|
46769 |
Wholesale of
other intermediate products n.e.c. |
|
Main Address |
||
|
Address |
Country |
Telephone |
|
Påskbergsgatan 9, 41268 GÖTEBORG |
SWEDEN |
076-9471050 |
|
Other Address |
|
|
Address |
Country |
|
No other
addresses for this company. |
|
|
Email Addresses |
|
No information
for this company. |
|
Web Pages |
|
No information
for this company. |
|
Employee Information |
|
|
Year |
Number of
Employees |
|
2012 |
1 |
|
2011 |
1 |
|
Advisors |
|
|
Auditor Name |
Hans Gunnar Hallberg |
|
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 |
46769 |
|
Activity
Description |
Wholesale of
other intermediate products n.e.c. |
|
Industry Average
Credit Rating |
77 (1 - 100) |
|
Industry Average
Credit Limit |
967.000 |
|
Event History |
|
|
Event Date |
Event Description |
|
20/06/2013 |
Annual account,
new |
|
20/06/2013 |
Limit, increase |
|
13/06/2013 |
Annual report
(PDF), new |
|
27/09/2012 |
Limit, increase |
|
27/09/2012 |
Annual account,
new |
|
18/09/2012 |
Annual report
(PDF), new |
|
02/02/2012 |
Employment tax,
changed |
|
17/05/2011 |
Phone number, new |
|
04/05/2011 |
Company tax,
changed |
|
04/05/2011 |
VAT, changed |
|
18/03/2011 |
Board, changed |
|
18/03/2011 |
Place of
residence, changed |
|
18/03/2011 |
Company business
activity, changed |
|
18/03/2011 |
Company
representatives, changed |
|
18/03/2011 |
Authorised
signatories amended or new/amended vacancy text |
|
18/03/2011 |
Address, changed |
|
12/01/2011 |
Status, changed |
|
12/01/2011 |
Board, changed |
|
12/01/2011 |
Authorised
signatories amended or new/amended vacancy text |
|
12/01/2011 |
Company business
activity, changed |
|
12/01/2011 |
Company
representatives, changed |
|
12/01/2011 |
Share capital,
new |
N/a
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.06 |
|
|
1 |
Rs.101.15 |
|
Euro |
1 |
Rs.84.95 |
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.