|
Report Date : |
30.04.2014 |
IDENTIFICATION DETAILS
|
Name : |
SAFESACK SCANDINAVIA AB |
|
|
|
|
Registered Office : |
Skåneporten 12, 28638 Örkelljunga |
|
|
|
|
Country : |
Sweden |
|
|
|
|
Financials (as on) : |
2012 |
|
|
|
|
Date of Incorporation : |
30.11.1999 |
|
|
|
|
Com. Reg. No.: |
5565809927 |
|
|
|
|
Legal Form : |
Limited
liability company |
|
|
|
|
Line of Business : |
Wholesale
of packaging materials |
|
|
|
|
No. of Employees : |
8 |
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 : |
No complaints |
|
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 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
Sweden |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
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 a rebound in 2010, but
growth slipped in 2013, as a result of continued economic weakness in the EU -
Sweden’s main export market.
|
Source
: CIA |
|
Business
Name |
SAFESACK
SCANDINAVIA AB |
|
Country |
SWEDEN |
|
Company
Registration Number |
5565809927 |
|
Main
Activity |
Wholesale
of packaging materials |
|
Activity
Code |
46762 |
|
Company Status |
Active |
|
Latest
Turnover Figure |
103.789.000 |
|
Latest
Shareholder Equity Figure |
47.858.000 |
|
Basic
Information |
|
|
Business
Name |
SafeSack
Scandinavia AB |
|
Registered
Company Name |
SafeSack
Scandinavia AB |
|
Company
Registration Number |
5565809927 |
|
Country |
SWEDEN |
|
VAT
Registration Number |
SE556580992701 |
|
Date of
Company Registration |
30/11/1999 |
|
Legal
Form |
Limited
liability company |
|
Company
Status |
Active |
|
Currency
of this Report |
SEK |
|
Principal
Activity Description |
The Company shall develop plastic products and trade its
industrial packaging as well as
carry out business related fb'renlig
business. |
|
Contact
Address |
Skaneporten
12, 28638 ORKELLJUNGA |
|
Contact
Telephone Number |
0435-54933 |
|
|
|
|
Activities |
|
|
Activity
Code |
Activity
Description |
|
46762 |
Wholesale
of packaging materials |
Profit and
Loss
|
Financial
Year |
2012 |
2011 |
2010 |
|
Number
of Weeks |
52 |
52 |
52 |
|
Currency |
SEK |
SEK |
SEK |
|
Consolidated
Accounts |
N |
N |
N |
|
Revenue |
103.789.000 |
120.427.000 |
92.869.000 |
|
Operating
Costs |
89.807.000 |
103.148.000 |
82.094.000 |
|
Operating
Profit |
13.982.000 |
17.279.000 |
10.775.000 |
|
Wages
& Salaries |
-6.223.000 |
-5.842.000 |
-5.474.000 |
|
Depreciation |
-281.000 |
-319.000 |
-294.000 |
|
Financial
Income |
863.000 |
918.000 |
463.000 |
|
Financial
Expenses |
|
|
-2.000 |
|
Extraordinary
Income |
|
|
|
|
Extraordinary
Costs |
|
|
-2.000 |
|
Profit before
Tax |
14.845.000 |
18.197.000 |
11.234.000 |
|
Tax |
-3.333.000 |
-4.002.000 |
-2.545.000 |
|
Profit
after Tax |
11.512.000 |
14.195.000 |
8.689.000 |
|
Minority
Interests
- - - |
|||
|
Other
Appropriations |
-2.435.000 |
-3.350.000 |
-1.940.000 |
|
Retained
Profit |
9.077.000 |
10.845.000 |
6.750.000 |
Balance
Sheet
|
Financial
Year |
2012 |
2011 |
2010 |
|||
|
Number
of Weeks |
52 |
52 |
52 |
|||
|
Currency |
SEK |
SEK |
SEK |
|||
|
Consolidated
Accounts |
N |
N |
N |
|||
|
Land
& Buildings |
0 |
0 |
0 |
|||
|
Plant
& Machinery |
0 |
0 |
0 |
|||
|
Other
Tangible Assets |
745.000 |
779.000 |
707.000 |
|||
|
Total
Tangible Assets |
745.000 |
779.000 |
707.000 |
|||
|
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 |
0 |
0 |
0 |
|||
|
Total
Other Fixed Assets |
0 |
0 |
0 |
|||
|
TOTAL
FIXED ASSETS |
745.000 |
779.000 |
707.000 |
|||
|
Work In
Progress |
0 |
0 |
0 |
|||
|
Other
Inventories |
18.225.000 |
16.257.000 |
17.656.000 |
|||
|
Total
Inventories |
18.225.000 |
16.257.000 |
17.656.000 |
|||
|
Trade
Receivables |
14.089.000 |
12.926.000 |
11.716.000 |
|||
|
Group
Receivables |
0 |
0 |
0 |
|||
|
Miscellaneous
Receivables |
1.454.000 |
3.049.000 |
1.330.000 |
|||
|
Total
Receivables |
15.543.000 |
15.975.000 |
13.046.000 |
|||
|
Cash |
44.393.000 |
51.027.000 |
43.418.000 |
|||
|
Other
Current Assets |
2.293.000 |
2.293.000 |
1.295.000 |
|||
|
TOTAL
CURRENT ASSETS |
80.453.000 |
85.552.000 |
75.415.000 |
|||
|
TOTAL
ASSETS |
81.198.000 |
86.331.000 |
76.122.000 |
|||
|
Trade Payables |
7.033.000 |
7.794.000 |
10.469.000 |
|||
|
Bank
Liabilities |
0 |
0 |
0 |
|||
|
Group
Payables |
0 |
0 |
0 |
|||
|
Miscellaneous
Liabilities |
3.422.000 |
4.306.000 |
4.617.000 |
|||
|
TOTAL
CURRENT LIABILITIES |
10.455.000 |
12.100.000 |
15.086.000 |
|||
|
Bank
Liabilities Due After 1 Year |
0 |
0 |
0 |
|||
|
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 |
22.885.000 |
20.450.000 |
17.100.000 |
|||
|
TOTAL
LONG TERM LIABILITIES |
22.885.000 |
20.450.000 |
17.100.000 |
|||
|
TOTAL
LIABILITIES |
33.340.000 |
32.550.000 |
32.186.000 |
|||
|
Called
Up Share Capital |
400.000 |
400.000 |
400.000 |
|||
|
Share
Premium |
0 |
0 |
0 |
|||
|
Revenue
Reserves |
47.358.000 |
53.281.000 |
43.436.000 |
|||
|
Other
Reserves |
100.000 |
100.000 |
100.000 |
|||
|
TOTAL
SHAREHOLDERS EQUITY |
47.858.000 |
53.781.000 |
43.936.000 |
|||
Other
Financials
|
Contingent
Liabilities |
0 |
0 |
0 |
|
Working
Capital |
69.998.000 |
73.452.000 |
60.329.000 |
|
Net
Worth |
47.858.000 |
53.781.000 |
43.936.000 |
Ratios
|
Pre-Tax
Profit Margin |
14.30 % |
15.11 % |
12.10 % |
|
Return
On Capital Employed |
16.20 % |
18.49 % |
12.32 % |
|
Return
On Total Assets Employed |
18.28 % |
21.08 % |
14.76 % |
|
Return
On Net Assets Employed |
31.02 % |
33.84 % |
25.57 % |
|
Sales/Net
Working Capital |
1.48 |
1.64 |
1.54 |
|
Stock
Turnover Ratio |
17.56 % |
13.50 % |
19.01 % |
|
Debtor
Days |
49.55 |
39.18 |
46.05 |
|
Creditor
Days |
24.73 |
23.62 |
41.15 |
|
Current
Ratio |
7.70 |
7.07 |
5.00 |
|
Liquidity
Ratio/Acid Test |
5.95 |
5.73 |
3.83 |
|
Current
Debt Ratio |
0.22 |
0.22 |
0.34 |
|
Gearing |
|
|
|
|
Equity
In Percentage |
58.94 % |
62.30 % |
57.72 % |
|
Total
Debt Ratio |
0.70 |
0.61 |
0.73 |
Main Address
Address Country
Telephone
Skåneporten 12, 28638 ÖRKELLJUNGA SWEDEN
0435-54933
Other Address
Address Country
No other addresses for this company.
Email Addresses
No information for this company.
Web Pages
No information for this company.
Issued Share Capital 400.000
Current Directors
Name Appointment
Date Position
Andreas Johannes Bertha 01/11/2003
Actual
Member of Board
Ann Renate Bertha 01/11/2003
Substitute
Extended Group
Structure
Company Name Country
Number Latest Annual Accounts
Plastonor AB SE
5565318549 31/12/2012
SafeSack Scandinavia AB SE
5565809927 31/12/2012
Employee
Information
Year Number of
Employees
2012 8
2011 7
2010 6
2009 6
2008 6
Advisors
Auditor Name Hans
Börje Lennartsson
Tax Registrations
|
Registered
for FTax |
|
Yes |
|
|
Registered
for VAT |
|
Yes |
|
|
Registered
for Employee Tax |
|
Yes |
|
|
|
|||
|
Certificates |
|||
|
|
Category |
|
Issuer |
No
certificate information for this company
Activity
Code 46762
Activity
Description Wholesale of packaging materials
Event
History
|
Event Date |
Event Description |
|
14/01/2014 |
Address,
changed |
|
05/09/2013 |
Group
Structure Change |
|
16/08/2013 |
Annual
account, new |
|
24/07/2013 |
Annual
report (PDF), new |
|
21/09/2012 |
Annual
account, new |
|
09/08/2012 |
Annual
report (PDF), new |
|
06/03/2012 |
Phone
number, changed |
|
17/08/2011 |
Annual
account, new |
|
28/07/2011 |
Annual
report (PDF), new |
|
29/03/2011 |
Phone
number, changed |
|
29/03/2011 |
Fax
number, removed |
|
17/08/2010 |
Annual
account, new |
|
10/08/2010 |
Annual
report (PDF), new |
|
21/12/2009 |
Authorised
signatory, changed |
|
04/08/2009 |
Annual
account, new |
|
22/07/2009 |
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 --
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.52 |
|
|
1 |
Rs.101.77 |
|
Euro |
1 |
Rs.83.92 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
NNA |
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.