MIRA INFORM REPORT

Report Date :

16.12.2014

IDENTIFICATION DETAILS

Name :	ROXTEC INTERNATIONAL AKTIEBOLAG

Registered Office :	Box 540, 37123 Karlskrona

Country :	Sweden

Financials (as on) :	2013

Date of Incorporation :	13.09.1989

Com. Reg. No.:	5563708063

Legal Form :	Limited liability company

Line of Business :	Manufacture of other rubber products Wholesale of hardware

No. of Employees :	160

RATING & COMMENTS

MIRA’s Rating :

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 – September 30, 2014

Country Name

Previous Rating

(30.06.2014)

Current Rating

(30.09.2014)

Sweden

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 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

Company name and address

Business Name	ROXTEC INTERNATIONAL AKTIEBOLAG
Country	SWEDEN
Company Registration Number	5563708063
Main Activity	Manufacture of other rubber products
Activity Code	22190
Company Status	Active
Latest Turnover Figure	710.714.000
Latest Shareholder Equity Figure	7.337.000

Activities

	Activity Description
22190	Manufacture of other rubber products
46741	Wholesale of hardware
46769	Wholesale of other intermediate products n.e.c.

Financial Information


Profit and Loss
Financial Year	2013	2012	2011
Number of Weeks	52	52	52
Currency	SEK	SEK	SEK
Consolidated Accounts	N	N	N
Revenue	713.986.000	649.379.000	555.235.000
Operating Costs	618.459.000	545.524.000	505.421.000
Operating Profit	95.527.000	103.855.000	49.814.000
Wages & Salaries
Depreciation - - -
Financial Income	1.362.000	2.197.000	389.000
Financial Expenses	-530.000	-679.000	-1.084.000
Extraordinary Income
Extraordinary Costs	-530.000	-679.000	-1.084.000
Profit before Tax	96.359.000	105.373.000	49.119.000
Tax	-25.959.000	-27.903.000	-13.104.000
Profit after Tax	70.400.000	77.470.000	36.015.000
Minority Interests - - -
Other Appropriations	-502.000	-860.000	-560.000
Retained Profit	69.898.000	76.610.000	35.455.000

BALANCE SHEET

Financial Year	2013	2012	2011
Number of Weeks	52	52	52
Currency	SEK	SEK	SEK
Consolidated Accounts	N	N	N
Land & Buildings	0	0	0
Plant & Machinery	36.135.000	36.495.000	41.030.000
Other Tangible Assets	19.939.000	24.585.000	27.638.000
Total Tangible Assets	56.074.000	61.080.000	68.668.000
Goodwill	1.177.000	0	0
Other Intangible Assets	0	0	0
Total Intangible Assets	1.177.000	0	0
Loans To Group	0	0	0
Other Loans	0	0	0
Miscellaneous Fixed Assets	671.000	596.000	429.000
Total Other Fixed Assets	671.000	596.000	429.000
TOTAL FIXED ASSETS	57.922.000	61.676.000	69.097.000
Work In Progress	0	0	0
Other Inventories	57.555.000	53.690.000	52.737.000
Total Inventories	57.555.000	53.690.000	52.737.000
Trade Receivables	17.721.000	25.343.000	21.566.000
Group Receivables	165.124.000	118.930.000	120.053.000
Miscellaneous Receivables	50.581.000	43.351.000	32.526.000
Total Receivables	233.426.000	187.624.000	174.145.000
Cash	6.505.000	108.348.000	1.725.000
Other Current Assets	0	0	0
TOTAL CURRENT ASSETS	297.486.000	349.662.000	228.607.000
TOTAL ASSETS	355.408.000	411.338.000	297.704.000
Trade Payables	54.400.000	40.432.000	36.170.000
Bank Liabilities	0	0	7.398.000
Group Payables	231.009.000	298.213.000	185.148.000
Miscellaneous Liabilities	37.200.000	37.904.000	32.011.000
TOTAL CURRENT LIABILITIES	322.609.000	376.549.000	260.727.000
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	25.462.000	24.620.000	23.760.000

TOTAL LONG TERM LIABILITIES	25.462.000	24.620.000	23.760.000
TOTAL LIABILITIES	348.071.000	401.169.000	284.487.000
Called Up Share Capital	1.000.000	1.000.000	1.000.000
Share Premium	0	0	0
Revenue Reserves	78.807.000	88.567.000	49.266.000
Other Reserves	-72.470.000	-79.398.000	-37.049.000
TOTAL SHAREHOLDERS EQUITY	7.337.000	10.169.000	13.217.000

OTHER FINANCIALS

Contingent Liabilities	3.147.000	7.446.000	8.831.000
Working Capital	-25.123.000	-26.887.000	-32.120.000
Net Worth	6.160.000	10.169.000	13.217.000

RATIOS

Pre-Tax Profit Margin	13.50 %	16.23 %	8.85 %
Return On Capital Employed	14.21 %	13.37 %	8.80%
Return On Total Assets Employed	27.11 %	25.62 %	16.50 %
Return On Net Assets Employed	1313.33 %	1036.22 %	371.64 %
Sales/Net Working Capital	-28.42	-24.15	-17.29
Stock Turnover Ratio	8.06 %	8.27 %	9.50 %
Debtor Days	9.06	14.24	14.18
Creditor Days	27.81	22.73	23.78
Current Ratio	0.92	0.93	0.88
Liquidity Ratio/Acid Test	0.74	0.79	0.67
Current Debt Ratio	43.97	37.03	19.73
Gearing	4.63 %		55.97 %
Equity In Percentage	2.08 %	2.48 %	4.45 %
Total Debt Ratio	47.44	39.45	21.52

Contact Information

Main Address
Address	Country	Telephone
Box 540, 37123 KARLSKRONA	SWEDEN	0455-366700

Other Address

Address Country No other addresses for this company.

Email Addresses

No information for this company.

Web Pages

www.roxtec.se

Share Capital Structure

Issued Share Capital 1.000.000

Directors/Managers

Name	Appointment Date	Position
Claes Mikael Helmerson	21/05/2013	Actual Member of Board
Mats Ake Lennart Friberg	02/07/2012	Actual Member of Board
Per Erik Mattsson	12/12/2011	Actual Member of Board

Previous Directors
Name	Appointment Date	Position	Resignation Date
Stig Thomas Orvar Magnusson	10/10/2012	Actual Member of Board
Mats Ake Lennart Friberg	02/07/2012	Chairman of Board
Mattson, Carl-Gustav Mauritz	11/08/2010	Actual Member of Board
Hans Torgny Straberg	19/09/2011	Actual Member of Board
Rolf Alex Hertvid Bergstrom	01/06/2007	Actual Member of Board
Par Fredrik Roland Hansson	29/12/2005	Managing Director

Group structure

Company Name	Country	Number	Latest Annual Accounts
Mellbv Gard Holding AB	SE	5565630323	30/06/2013
Mellbv Gard Intressenter AB	SE	5563140747	30/06/2013
Falkstenen AB	SE	5567431209	30/06/2013
Mellbv Gard AB	SE	5562806330	30/06/2013
EriboAB	SE	5564521523	30/06/2013
Eriksberg Vilt a NaturAB	SE	5567241459	30/06/2013
lid Fastighets Aktiebolaget Milano	SE	5561195271	30/06/2013
GusgusAB	SE	5566266424	30/06/2013
Sea Lounge Stockholm AB	SE	5566959606	30/06/2013
Gusgus Fbrvaltnings AB	SE	5567261119	30/06/2013
Mellbv Gard Air AB	SE	5565439386	30/06/2013
Smart Eves International AB	SE	5567278790	30/06/2014
Si Smey Danmark A/S	DK
Optik Smart Eyes AB	SE	5567028492	30/06/2014
Mellbv Gard Industri AB	SE	5565514576	30/06/2013
Feralco Holding II AB	SE	5566438403	30/06/2014
Feralco Holding AB	SE	5566403639	30/06/2014
Feralco AB	SE	5565835625	30/06/2014
Feralco Nederland B.V.	NL	210108240000	30/06/2013
Feralco Italia S.R.L. Unipersonale	IT	01469150492	31/12/2013
Feralco Environnement	FR	353782329	30/06/2014
Feralco Nordic AB	SE	5563877629	30/06/2014
Feralco AG in Liq	CH	109411
Feralco Deutschland GmbH	DE	HRB 30829	30/06/2013
Feralco (Uk) Limited	GB	04052278	30/06/2014
Cale Holding AB	SE	5566614722	30/06/2013
Cale Group AB	SE	5565131595	30/06/2013
Cale Danmark A/S	DK
Briparc Holdings Limited	GB	02851283	30/06/2013
Cale Access AB	SE	5565548293	30/06/2013
Cale America Inc	US
Si Cale As	NO
Cale Deutschland	DE
Cale Sas	FR	513079202	30/06/2013
Cale Systems Inc	CA
Flash Holding II AB	SE	5567733398	30/06/2013
Flash Holding Aktiebolag	SE	5565032876	30/06/2014
Flash Aktiebolag	SE	5564459849	30/06/2014
Fastighetsaktiebolaget York	SE	5561492587	30/06/2014
Si Mellbv Gard Fbrvaltnings AB	SE	5565439378	30/06/2013
Mellbv Gard Handels AB	SE	5561226126	30/06/2013
Fvris Kontor AB	SE	5565361838	30/06/2013
Si BearsoftAB	SE	5565122990	30/06/2013
Mellbv Gard Innovation och Tillvaxt AB	SE	5560596974	30/06/2013
Roslagens Kontorsvaruhus AB	SE	5565138277	30/06/2013
Severins i Hudiksvall Aktiebolag	SE	5562517622	30/06/2013
Nikkarit Holding AB	SE	5561126169	30/06/2013

Ronisvan AB	SE	5565567020	30/06/2013
Meaning Green AB	SE	5565454237	30/06/2013
Si Roxtec Holding AB	SE	5567266852	30/06/2013
RoxtecAB	SE	5566213301	30/06/2013
Roxtec Australia Pty Limited	AU
Roxtec De Mexico Ss De Cv	MX
Si Roxtec Denmark Aps	DK
Roxtec Doo	HR
Roxtec Finland Ov	FI	16157758	30/06/2013
Roxtec France Sas	FR
Si ROXTEC GmbH	DE	HRB 44820	30/06/2013
Roxtec, Inc	US	US16302292
Roxtec India Pvt	IN
Roxtec International Aktiebolag	SE	5563708063	30/06/2013
Roxtec International Trading Co Ltd	CN
Roxtec Italia S.R.L.	IT	13304150157	30/06/2013
Roxtec Japan Kk	JP
Roxtec Korea Ltd	KP
Roxtec Latin America	BR
Si Roxtec Ltd.	GB	05267114	30/06/2014
Roxtec Middle East Fze	AE
Roxtec Singapore Pte Ltd	SG
Roxtec Sistemas Pasamuros SI	ES
Roxtec Sweden AB	SE	5566300959	30/06/2013
GK Marine GmbH	DE	HRB 2392 AH	30/06/2012
SW Sleev-lt Fire Systems Limited	GB	03115149	30/06/2013
Stenhbgen pa Verkb AB	SE	5566881495	30/06/2013
Mellbv Gard Investerings AB	SE	5564085008	30/06/2013
Mellbv Gard Jordbruks AB	SE	5564521572	30/06/2013
Mellbv Gard Produktions AB	SE	5567320022	30/06/2013
Mellbv Real Estate Holding B.V.	NL	080504180000	30/06/2013
Mellby Suisse Holding Sa	CH
Sbderberg & HaakMaskin Aktiebolag	SE	5560384652	30/06/2013
Bibrnhammars Industrier Aktiebolag	SE	5560062415	30/06/2013
Agroma Maskiner Ost AB	SE	5566616354	30/06/2013
Rockstream Capital AB	SE	5567804975	30/06/2013
Varietas Capital AB	SE	5567674345	30/06/2013

Employee Information

Year	Number of Employees
2013	160
2012	154
2011	154
2010	157
2009	149

Advisors
Auditor Name	Deloitte AB

Event History

Event Date	Event Description
03/12/2014	Group Structure Change
27/11/2014	Group Structure Change
26/11/2014	Group Structure Change
11/11/2014	Group Structure Change
04/11/2014	Group Structure Change
24/10/2014	Group Structure Change
26/02/2014	Group Structure Change
17/02/2014	Group Structure Change
14/02/2014	Group Structure Change
13/02/2014	Group Structure Change
12/02/2014	Group Structure Change
11/02/2014	Group Structure Change
10/02/2014	Group Structure Change
07/02/2014	Group Structure Change
29/01/2014	Group Structure Change
22/01/2014	Group Structure Change
21/01/2014	Group Structure Change
16/01/2014	Group Structure Change
15/01/2014	Limit, increase
15/01/2014	Annual account, new
08/01/2014	Annual report (PDF), new
19/12/2013	Group Structure Change
26/11/2013	Group Structure Change
04/06/2013	Certificate, registered
22/05/2013	Company representatives, changed
22/05/2013	Authorised signatories amended or new/amended vacancy text
09/01/2013	Annual account, new
04/01/2013	Annual report (PDF), new
11/10/2012	Company representatives, changed
11/10/2012	Authorised signatories amended or new/amended vacancy text
03/07/2012	Authorised signatories amended or new/amended vacancy text
03/07/2012	Board, changed
03/07/2012	Company representatives, changed
05/01/2012	Limit, increase
05/01/2012	Annual account, new
29/12/2011	Annual report (PDF), new
13/12/2011	Authorised signatories amended or new/amended vacancy text
13/12/2011	Company representatives, changed
13/12/2011	Board, changed
20/09/2011	Authorised signatories amended or new/amended vacancy text
20/09/2011	Board, changed

20/09/2011	Company representatives, changed
03/02/2011	Annual account, new
24/01/2011	Annual report (PDF), new
12/08/2010	Company representatives, changed
12/08/2010	Board, changed
12/08/2010	Authorised signatory, changed
14/01/2010	Annual account, new
08/01/2010	Annual report (PDF), new

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.62.65
UK Pound	1	Rs.98.53
Euro	1	Rs.78.02

INFORMATION DETAILS

Analysis Done by :	DIV

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%)

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.

Basic Information
Business Name	ROXTEC INTERNATIONAL AKTIEBOLAG
Registered Company Name	ROXTEC INTERNATIONAL AKTIEBOLAG
Company Registration Number	5563708063
Country	SWEDEN
VAT Registration Number	SE556370806301
Date of Company Registration	13/09/1989
Legal Form	Limited liability company
Company Status	Active
Currency of this Report	SEK
Principal Activity Description	Bolaget skall bedriv tillverkning samt handels- och agentur- rorelse inom tatningssystem, direkt eller indirekt genom hel- eller delagda dotterbolag i Sverige och utomlands samt idka handel med och forvalta aktier i foretag i branschen samt idka
Contact Address	Box 540, 37123 KARLSKRONA
Contact Telephone Number	0455-366700