MIRA INFORM REPORT

 

 

Report Date :

31.12.2014

 

IDENTIFICATION DETAILS

 

Name :

SKROTFRAG AKTIEBOLAG

 

 

Registered Office :

Box 11, 42421 Angered

 

 

Country :

Sweden

 

 

Financials (as on) :

2013

 

 

Date of Incorporation :

02.03.1972

 

 

Com. Reg. No.:

5561596759

 

 

Legal Form :

Limited liability company

 

 

Line of Business :

·         Recovery of sorted materials

·         Wholesale of non-metal waste and scrap

 

 

No. of Employees :

89

 

 

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 – September 30, 2014

 

Country Name

Previous Rating

(30.06.2014)

Current Rating

(30.09.2014)

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 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

 

 

 

 

REGISTERED NAME & COMPANY SUMMARY

 

Business Name

SKROTFRAG AKTIEBOLAG

Country

SWEDEN

Company Registration Number

5561596759

Main Activity

Recovery of sorted materials

Activity Code

38320

Company Status

Active

Latest Turnover Figure

433.349.000

Latest Shareholder Equity Figure

184.707.000

 

 

DIRECTORS/MANAGEMENT

 

Current Directors

Name

Appointment Date

Position

 

Lars Paul Johansson

29/09/2009

Actual Member of Board

 

Rolf Åke Eddie Pettersson

29/03/2012

Substitute

 

 

 

Previous Directors

Name

Appointment Date

Position

Resignation Date

Lars Göte Ingemar Johansson

29/09/2009

Foreign Resident outside the EEA

 

Rolf Åke Eddie Pettersson

09/03/2010

Actual Member of Board

 

Lars Paul Johansson

09/03/2010

Chairman of Board

 

Hans Emil Johansson

29/09/2009

Actual Member of Board

 

 

 

NEGATIVE INFORMATION

 

No negative information found.

 

 

SHARE & SHARE CAPITAL INFORMATION

 

Issued Share Capital

500.000

 

 

PAYMENT 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

-

 

 

Record of non-payment

Number of distraint attempts and repossessions

-

Number of public claims

2

Number of private claims

-

Number of applications for an order to pay

-

Number of reclaimed/revoked applications

-

 

 

GROUP STRUCTURE & AFFILIATED COMPANIES

 

Extended Group Structure

Company Name

Country

Number

Latest Annual Accounts

http://app.creditsafe.fi/CSFIWebsiteLive/Images/Prospect/clickable.png0LMV in East AB

SE

5566648175

31/12/2013

http://app.creditsafe.fi/CSFIWebsiteLive/Images/Prospect/clickable.png1Skrotfrag Aktiebolag

SE

5561596759

31/12/2013

http://app.creditsafe.fi/CSFIWebsiteLive/Images/Prospect/clickable.png2Bröderna Severin Återvinningsteknik AB

SE

5566617402

31/12/2013

http://app.creditsafe.fi/CSFIWebsiteLive/Images/Prospect/clickable.png2Fastighets AB G 67:6

SE

5568216237

31/12/2013

http://app.creditsafe.fi/CSFIWebsiteLive/Images/Prospect/clickable.png2Westbo Begagnade Bildelar AB

SE

5566545496

31/12/2013

http://app.creditsafe.fi/CSFIWebsiteLive/Images/Prospect/clickable.png2Skrotfrag i Järna Aktiebolag

SE

5561601047

31/12/2013

http://app.creditsafe.fi/CSFIWebsiteLive/Images/Prospect/clickable.png2Skrotfrag i Oskarshamn AB

SE

5566514096

31/12/2013

http://app.creditsafe.fi/CSFIWebsiteLive/Images/Prospect/clickable.png2Skrotfrag i Ulricehamn Aktiebolag

SE

5562730340

31/12/2013

http://app.creditsafe.fi/CSFIWebsiteLive/Images/Prospect/clickable.png2FLAHULT 3:245 KOMMANDITBOLAG

SE

 

 

http://app.creditsafe.fi/CSFIWebsiteLive/Images/Prospect/clickable.png2Skrotfrag i Borås AB

SE

5560578196

31/12/2013

http://app.creditsafe.fi/CSFIWebsiteLive/Images/Prospect/clickable.png2GÅRDSTEN 65:1 HANDELSBOLAG

SE

 

 

http://app.creditsafe.fi/CSFIWebsiteLive/Images/Prospect/clickable.png2KOMMANDITBOLAGET HASSLE 1:36

SE

 

 

http://app.creditsafe.fi/CSFIWebsiteLive/Images/Prospect/clickable.png2Skrotfrag i Jönköping AB

SE

5565347258

31/12/2013

http://app.creditsafe.fi/CSFIWebsiteLive/Images/Prospect/clickable.png1Metal & Waste Ltd

GB

 

 

 

 

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

434.950.000

445.587.000

415.765.000

Operating Costs

419.052.000

433.584.000

384.233.000

Operating Profit

15.898.000

12.003.000

31.532.000

Wages & Salaries

-45.356.000

-31.713.000

-23.021.000

Depreciation

-16.103.000

-14.614.000

-13.056.000

Financial Income

72.000

342.000

3.442.000

Financial Expenses

-957.000

-1.013.000

-3.502.000

Extraordinary Income

-

-

-

Extraordinary Costs

-957.000

-1.013.000

-3.502.000

Profit before Tax

18.444.000

11.671.000

37.347.000

Tax

-4.861.000

-4.112.000

-9.762.000

Profit after Tax

13.583.000

7.559.000

27.585.000

Minority Interests

-

-

-

Other Appropriations

5.968.000

5.201.000

2.314.000

Retained Profit

19.551.000

12.761.000

29.899.000

 

Balance Sheet

Financial Year

2013

2012

2011

Number of Weeks

52

52

52

Currency

SEK

SEK

SEK

Consolidated Accounts

N

N

N

Land & Buildings

63.575.000

60.629.000

58.905.000

Plant & Machinery

0

61.073.000

58.400.000

Other Tangible Assets

72.886.000

5.604.000

1.825.000

Total Tangible Assets

136.461.000

127.306.000

119.130.000

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

77.607.000

85.940.000

48.229.000

Total Other Fixed Assets

77.607.000

85.940.000

48.229.000

TOTAL FIXED ASSETS

214.068.000

213.246.000

167.358.000

Work In Progress

0

0

0

Other Inventories

66.078.000

46.937.000

40.970.000

Total Inventories

66.078.000

46.937.000

40.970.000

Trade Receivables

30.557.000

14.170.000

20.538.000

Group Receivables

21.183.000

55.705.000

34.535.000

Miscellaneous Receivables

14.579.000

10.159.000

12.133.000

Total Receivables

66.319.000

80.034.000

67.206.000

Cash

19.975.000

21.557.000

28.914.000

Other Current Assets

0

0

0

TOTAL CURRENT ASSETS

152.372.000

148.528.000

137.090.000

TOTAL ASSETS

366.440.000

361.774.000

304.448.000

Trade Payables

27.641.000

17.318.000

18.896.000

Bank Liabilities

1.370.000

1.370.000

1.370.000

Group Payables

39.433.000

55.000.000

19.691.000

Miscellaneous Liabilities

30.621.000

20.344.000

13.616.000

TOTAL CURRENT LIABILITIES

99.065.000

94.032.000

53.573.000

Bank Liabilities Due After 1 Year

14.130.000

15.500.000

16.870.000

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

68.538.000

87.086.000

81.340.000

TOTAL LONG TERM LIABILITIES

82.668.000

102.586.000

98.210.000

TOTAL LIABILITIES

181.733.000

196.618.000

151.783.000

Called Up Share Capital

500.000

500.000

500.000

Share Premium

2.100.000

2.100.000

0

Revenue Reserves

182.007.000

162.725.000

150.386.000

Other Reserves

100.000

-169.000

1.779.000

TOTAL SHAREHOLDERS EQUITY

184.707.000

165.156.000

152.665.000

 

Other Financials

Contingent Liabilities

39.884.000

40.777.000

23.926.000

Working Capital

53.307.000

54.496.000

83.517.000

Net Worth

184.707.000

165.156.000

152.665.000

 

 

 

 

Ratios

Pre-Tax Profit Margin

4.24 %

2.62 %

8.98 %

Return On Capital Employed

3.96 %

2.56 %

10.43 %

Return On Total Assets Employed

5.03 %

3.23 %

12.27 %

Return On Net Assets Employed

9.99 %

7.07 %

24.46 %

Sales/Net Working Capital

8.16

8.18

4.98

Stock Turnover Ratio

15.19 %

10.53 %

9.85 %

Debtor Days

25.64

11.61

18.03

Creditor Days

23.20

14.19

16.59

Current Ratio

1.54

1.58

2.56

Liquidity Ratio/Acid Test

0.87

1.08

1.79

Current Debt Ratio

0.54

0.57

0.35

Gearing

9.28 %

18.80 %

13.73 %

Equity In Percentage

63.95 %

59.88 %

59.58 %

Total Debt Ratio

0.98

1.19

0.99

 

 

FOREIGN EXCHANGE RATES

 

N/a

 

 

ADDITIONAL INFORMATION

 

Basic Information

Business Name

Skrotfrag Aktiebolag

Registered Company Name

Skrotfrag Aktiebolag

Company Registration Number

5561596759

Country

SWEDEN

VAT Registration Number

SE556159675901

Date of Company Registration

02/03/1972

Legal Form

Limited liability company

 

 

Principal Activity Description

The company shall trade in scrap and fragmentation, own and manage real estate and securities, and related business.

Contact Address

Box 11, 42421 ANGERED

Contact Telephone Number

031-3323990

 

 

Activities

Activity Code

Activity Description

38320

Recovery of sorted materials

38110

Collection of non-hazardous waste

46773

Wholesale of non-metal waste and scrap

38311

Dismantling of car wrecks

81100

Combined facilities support activities

 

Main Address

Address

Country

Telephone

Box 11, 42421 ANGERED

SWEDEN

031-3323990

 

 

Other Address

Address

Country

Hampes Väg 31, 44345

SWEDEN

Klevåsvägen 5 C, 45155

SWEDEN

Kommendantvägen 10, 60238

SWEDEN

Krangatan 8, 44138

SWEDEN

Mejselvägen 24, 54134

SWEDEN

Målövägen 11, 56242

SWEDEN

Naum 1, 53494

SWEDEN

Plåtvägen 11, 44361

SWEDEN

Tagenevägen 12, 42259

SWEDEN

Verkstadsgatan 1, 33235

SWEDEN

Tillfarten 6, 57293

SWEDEN

Väg 57, 15336

SWEDEN

Bangårdsvägen 13, 42836

SWEDEN

Getängsvägen 10, 50468

SWEDEN

Karlsnäsvägen 13, 52337

SWEDEN

Broväg 30, 62141

SWEDEN

Flottiljvägen 42, 39241

SWEDEN

 

Email Addresses

info@skrotfrag.se

 

Web Pages

www.skrotfrag.se

 

Employee Information

Year

Number of Employees

2013

89

2012

60

2011

45

2010

36

2009

26

 

Advisors

Auditor Name

MAZARS SET Revisionsbyrå AB

 

Tax Registrations

Registered for FTax

Yes

Registered for VAT

Yes

Registered for Employee Tax

Yes

 

 

Additional Information

 

Certificates

Type

Category

Issuer

No certificate information for this company.

 

 

 

Event History

Event Date

Event Description

27/06/2014

Group Structure Change

20/06/2014

Group Structure Change

17/06/2014

Group Structure Change

16/06/2014

Group Structure Change

13/06/2014

Group annual account, new

13/06/2014

Annual account, new

12/06/2014

Group Structure Change

06/06/2014

Annual report (PDF), new

17/12/2013

Company representatives, changed

02/08/2013

Group Structure Change

29/07/2013

Group Structure Change

24/07/2013

Group Structure Change

22/07/2013

Annual account, new

22/07/2013

Group annual account, new

03/07/2013

Annual report (PDF), new

01/08/2012

Annual account, new

01/08/2012

Group annual account, new

12/07/2012

Annual report (PDF), new

30/03/2012

Company representatives, changed

30/03/2012

Board, changed

30/03/2012

Authorised signatories amended or new/amended vacancy text

04/01/2012

Place of residence, changed

04/01/2012

Company business activity, changed

17/11/2011

Address, changed

13/09/2011

Address, changed

07/09/2011

Group annual account, new

07/09/2011

Annual account, new

08/08/2011

Annual report (PDF), new

11/09/2010

Board, changed

11/09/2010

Company representatives, changed

10/08/2010

Annual account, new

30/07/2010

Annual report (PDF), new

10/03/2010

Company representatives, changed

10/03/2010

Board, changed

10/03/2010

Authorised signatory, changed

23/12/2009

Merge information, changed

19/10/2009

Merge information, changed

30/09/2009

Company representatives, changed

30/09/2009

Authorised signatory, changed

30/09/2009

Board, changed

03/08/2009

Annual account, new

28/07/2009

Annual report (PDF), new

 

 

NOTES & COMMENTS

 

N/a

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.63.75

UK Pound

1

Rs.98.88

Euro

1

Rs.77.32               

 

INFORMATION DETAILS

 

Report Prepared by :

NIT

 

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.