MIRA INFORM REPORT

 

 

Report Date :

28.02.2014

 

IDENTIFICATION DETAILS

 

Name :

SAAB AKTIEBOLAG

 

 

Registered Office :

58188 Linköping

 

 

Country :

Sweden

 

 

Financials (as on) :

2012

 

 

Date of Incorporation :

26.04.1937

 

 

Com. Reg. No.:

5560360793

 

 

Legal Form :

Limited Liability Company

 

 

Line of Business :

Subject develop, manufacture, sell and maintain products in the aerospace, engineering and electronics industry as well as provide technical services and engage in consulting in the electronics, telecommunications and computer areas.

 

 

No. of Employees :

2892

 

 

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 :

Good

Payment Behaviour :

Regular

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, 2013

 

Country Name

Previous Rating

(30.06.2013)

Current Rating

(30.09.2013)

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 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 Summary

 

Business Name                         SAAB AKTIEBOLAG

Country                                     SWEDEN

Company Registration Number   5560360793

Main Activity                             Manufacture of air and spacecraft and related machinery

Activity Code                            30300

Company Status                       Active

Latest Turnover Figure               15.338.000.000

Latest Shareholder Equity Figure 7.527.000.000

 

 

Company Information

 

Basic Information

 

Business Name                         SAAB Aktiebolag

Registered Company Name       SAAB Aktiebolag

Company Registration Number   5560360793

Country                                     SWEDEN

VAT Registration Number           SE556036079301

Date of Company Registration   26/04/1937

Legal Form                               Limited liability company

Company Status                       Active

Currency of this Report              SEK

Principal Activity Description     The Company shall, directly or indirectly, develop, manufacture, sell and maintain products in the aerospace, engineering and electronics industry as well as provide technical services and engage in consulting in the electronics, telecommunications and computer areas.

Contact Address                       , 58188 LINKÖPING

Contact Telephone Number        013-180000

 

Activities

 

Activity Code                            Activity Description

30300                                       Manufacture of air and spacecraft and related machinery

26510                                       Manufacture of instruments and appliances for measuring, testing and navigation

71122                                       Industrial engineering activities and related technical consultancy

46699                                       Wholesale of other machinery and equipment n.e.c.

26700                                       Manufacture of optical instruments and photographic equipment

 

 


Financial Information

 

Profit and Loss

 

Financial Year

2012

2011

2010

Number of Weeks

52

52

52

Currency

SEK

SEK

SEK

Consolidated Accounts

N

N

N

Revenue

15.415.000.000

15.634.000.000

14.827.000.000

Operating Costs

14.384.000.000

14.815.000.000

14.204.000.000

Operating Profit

1.031.000.000

819.000.000

623.000.000

Wages & Salaries

 

 

 

Depreciation                                                                                                                                 -                                - -

Financial Income

329.000.000

393.000.000

221.000.000

Financial Expenses

-262.000.000

-337.000.000

-173.000.000

Extraordinary Income

 

 

 

Extraordinary Costs

-262.000.000

-337.000.000

-173.000.000

Profit before Tax

1.945.000.000

2.344.000.000

1.902.000.000

Tax

-499.000.000

-462.000.000

-430.000.000

Profit after Tax

1.446.000.000

1.882.000.000

1.472.000.000

Minority Interests                                                                                                                           -                                - -

Other Appropriations

-481.000.000

-293.000.000

-83.000.000

Retained Profit

965.000.000

1.589.000.000

1.389.000.000

 

Balance Sheet

 

Financial Year

2012

2011

2010

Number of Weeks

52

52

52

Currency

SEK

SEK

SEK

Consolidated Accounts

N

N

N

Land & Buildings

1.357.000.000

1.410.000.000

1.464.000.000

Plant & Machinery

481.000.000

460.000.000

531.000.000

Other Tangible Assets

288.000.000

267.000.000

210.000.000

Total Tangible Assets

2.126.000.000

2.137.000.000

2.205.000.000

Goodwill

532.000.000

571.000.000

0

Other Intangible Assets

1.129.000.000

1.367.000.000

127.000.000

Total Intangible Assets

1.661.000.000

1.938.000.000

127.000.000

Loans To Group

861.000.000

928.000.000

589.000.000

Other Loans

0

0

0

Miscellaneous Fixed Assets

7.285.000.000

7.250.000.000

11.780.000.000

Total Other Fixed Assets

8.146.000.000

8.178.000.000

12.369.000.000

TOTAL FIXED ASSETS

11.933.000.000

12.253.000.000

14.701.000.000

Work In Progress

0

0

0

Other Inventories

3.385.000.000

3.152.000.000

2.782.000.000

Total Inventories

3.385.000.000

3.152.000.000

2.782.000.000

Trade Receivables

1.598.000.000

1.424.000.000

1.338.000.000

Group Receivables

2.153.000.000

2.286.000.000

2.133.000.000

Miscellaneous Receivables

2.027.000.000

2.685.000.000

2.503.000.000

Total Receivables

5.778.000.000

6.395.000.000

5.974.000.000

Cash

949.000.000

1.237.000.000

1.935.000.000

Other Current Assets

3.926.000.000

4.511.000.000

1.544.000.000

TOTAL CURRENT ASSETS

14.038.000.000

15.295.000.000

12.235.000.000

TOTAL ASSETS

25.971.000.000

27.548.000.000

26.936.000.000

Trade Payables

1.437.000.000

1.247.000.000

1.034.000.000

Bank Liabilities

1.100.000.000

0

1.123.000.000

Group Payables

6.881.000.000

51.000.000

69.000.000

Miscellaneous Liabilities

6.581.000.000

8.165.000.000

7.157.000.000

TOTAL CURRENT LIABILITIES

15.999.000.000

9.463.000.000

9.383.000.000

Bank Liabilities Due After 1 Year

0

1.100.000.000

1.100.000.000

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

2.445.000.000

2.298.000.000

2.159.000.000

 

TOTAL LONG TERM LIABILITIES

 

2.445.000.000

11.095.000.000

10.343.000.000

TOTAL LIABILITIES

18.444.000.000

20.558.000.000

19.726.000.000

Called Up Share Capital

 

1.746.000.000

1.746.000.000

1.746.000.000

Share Premium

0

0

0

Revenue Reserves

 

4.531.000.000

3.988.000.000

4.224.000.000

Other Reserves

1.250.000.000

1.256.000.000

1.240.000.000

TOTAL SHAREHOLDERS EQUITY

 

7.527.000.000

6.990.000.000

7.210.000.000

 

Other Financials

Contingent Liabilities

 

4.244.000.000

5.829.000.000

5.918.000.000

Working Capital

-1.961.000.000

5.832.000.000

2.852.000.000

Net Worth

 

5.866.000.000

5.052.000.000

7.083.000.000

 

Ratios

Pre-Tax Profit Margin

 

12.62 %

14.99 %

12.83 %

Return On Capital Employed

4.63 %

6.33 %

5.24 %

Return On Total Assets Employed

 

7.49 %

8.51 %

7.06 %

Return On Net Assets Employed

25.84 %

33.53 %

26.38 %

Sales/Net Working Capital

 

-7.86

2.68

5.20

Stock Turnover Ratio

21.96 %

20.16 %

18.76 %

Debtor Days

 

37.84

33.25

32.94

Creditor Days

34.03

29.11

25.45

Current Ratio

 

0.88

1.62

1.30

Liquidity Ratio/Acid Test

0.67

1.28

1.01

Current Debt Ratio

 

2.13

1.35

1.30

Gearing

14.61 %

125.85 %

129.08 %

Equity In Percentage

 

46.57 %

40.10 %

49.93 %

Total Debt Ratio

2.45

2.94

2.74

 

 

 

 

 

Contact Information

 

Main Address

Address                                    Country                                     Telephone

, 58188 LINKÖPING                   SWEDEN                                  013-180000

 

Other Address

Address

Country

Orlogshamnen GARNISONSLAGER, GULA KVADRATEN OHK, 37130

SWEDEN

Flygplatsvagen 20, 90422

SWEDEN

Flygstationsvagen 4, 97254

SWEDEN

Froso Park, 83296

SWEDEN

Norra Stationsgatan 11, 28148

SWEDEN

Pontonjarvagen 10, 96143

SWEDEN

S:T Persgatan 19, 60233

SWEDEN

Sandviksvagen, 98238

SWEDEN

Stridsvagnsvagen 14, 29139

SWEDEN

Save Flygplatsvag, 42373

SWEDEN

Torshamnsgatan 32 A, 16440

SWEDEN

Zetheliusvagen 3, 64431

SWEDEN

Badhusgatan 5, 58222

SWEDEN

Bryggaregatan 11, 65340

SWEDEN

Kanikegrand 3 GOTHIA SCIENCE PARK, 54134

SWEDEN

Pansarvagen 2, 54152

SWEDEN

Sjoflygvagen 35 C, 18362

SWEDEN

Sodra Storgatan 37, 25223

SWEDEN

Varvsgatan 1, 37130

SWEDEN

Flojelbergsgatan 2 A, 43135

SWEDEN

Ljungadalsgatan 2, 35246

SWEDEN

Nettovagen 6, 17541

SWEDEN

Solhusgatan 10, 41276

SWEDEN

Drottningvagen 2, 26451

SWEDEN

Laboratoriegrand 11, 97753

SWEDEN

Lasblecksgatan 3, 58941

SWEDEN

Mediavagen, 43891

SWEDEN

Nobymalmsvagen, 58663

SWEDEN

Slottsgatan 40, 55322

SWEDEN

Storlienvagen 56, 83152

SWEDEN

Boforsvagen 1, 69150

SWEDEN

Danskes Grand 6, 76130

SWEDEN

Gelbgjutaregatan 2, 58254

SWEDEN

Odengatan 25-29, 55323

SWEDEN

Risinge Kronogard, 36043

SWEDEN

S:T Olofsgatan 9 A, 75321

SWEDEN

Slottsmollan 17F, 30231

SWEDEN

Satenas Skaraborgs Flygflottilj, 53032

SWEDEN

Gustavslundsvagen 42 ALVIKSTORG, 16751

SWEDEN

Lindholmspiren 3A 11756, 41756

SWEDEN

Skavsta Flygplats, 61192

SWEDEN

Kungsorsvagen 60, 73247

SWEDEN

Fenix Vag 3, 13444

SWEDEN

F17 BY 36, 37250

SWEDEN

Djaknegatan 31, 21135

SWEDEN

Stensholmsvagen 20, 56139

SWEDEN

Garnisonsvagen, 75337

SWEDEN

 

Email Addresses

info@saabgroup.com

 

Web Pages

No information for this company.

 

 

Share Capital Structure

 

Issued Share Capital                                          1.746.405.504

 

 

Directors/Managers

 

Current Directors

 

Name

Appointment Date

Position

 

Marcus Wallenberg

24/04/2006

Chairman of Board

 

Kurt Ove Hakan Buskhe

21/04/2011

Actual Member of Board

 

Anna Catarina Carlqvist

30/04/2007

Actual Member of Board

 

Birgit Sara Mazur

25/04/2013

Actual Member of Board

 

Jens Thure Conny Holm

30/04/2008

Actual Member of Board

 

Johan Patrik Lennart Forssell

30/04/2010

Actual Member of Board

 

Lena Maria Treschow Torell

17/05/2005

Actual Member of Board

 

Marie Cecilia Stego Chilo

30/04/2010

Actual Member of Board

 

Olof Peter Joakim Westh

30/04/2010

Actual Member of Board

 

Per Arne Sandstrom

17/05/2005

Actual Member of Board

 

Stefan Jan Jonas Andersson

27/10/2008

Actual Member of Board

 

Sten Erik Jakobsson

30/04/2008

Actual Member of Board

 

Jan-Olov Kovacs

27/10/2008

Substitute

 

Nils Goran Gustafsson

30/04/2008

Substitute

 

Nils Lennart Lindskog

30/04/2007

Substitute

 

 

Previous Directors

Name

Appointment Date

Position

Resignation Date

Ake Per Arne Svensson

29/08/2003

Managing Director

 

O'Callaghan, Michael John

21/04/2011

Actual Member of Board

 

Erik Jean Christian Antoine Belfrage

22/06/1992

Actual Member of Board

 

Rose, George Wilfred

01/11/2003

Foreign Resident in the EEA

 

Erling Lennart Johansson

24/04/2006

Actual Member of Board

 

Lars Peter Nygards

24/05/2000

Actual Member of Board

 

 

 

Group Structure

 

Extended Group Structure

 

Company Name

Country

Number

Latest Annual Accounts

 

SAAB Aktiebolag

SE

5560360793

31/12/2012

Saab Security Systems Aktiebolag

SE

5566274998

31/12/2012

Celsius Aktiebolag

SE

5561944652

31/12/2012

Saab Pacific Pty Ltd

AU

 

 

Celsius Invest Aktiebolag

SE

5561646588

31/12/2012

AerotechTelub Internservice Aktiebolag

SE

5560896721

31/12/2010

Saab Lambohov Aktiebolag

SE

5561088799

31/12/2010

Telub Holding AB

SE

5562733146

31/12/2010

Fastighets AB Linkbping Malmen 27

SE

5563546349

31/12/2012

Combitech Aktiebolag

SE

5562186790

31/12/2012

Bayes R M As

NO

 

 

Sbrman Information Aktiebolag

SE

5560035312

31/12/2012

Combitech As

NO

994753150

31/12/2012

EMC Services Elmiljbteknik Aktiebolag

SE

5563156636

31/12/2012

FFV Ordnance Aktiebolag

SE

5564148194

31/12/2012

Kockums Holdings Aktiebolag

SE

5560364100

31/12/2012

Alpha Thames Engineering Limited

GB

01728459

31/12/2011

LANSEN FORSAKRINGS AB

SE

5164018656

 

Saab Airport Aktiebolag

SE

5563668333

31/12/2012

Saab Aircraft Leasing Holdings AB

SE

5561243170

31/12/2012

2000 Aircraft Credit Aktiebolag

SE

5564646031

31/12/2012

Fairbrook, Limited

US

US17774136

 

SF 340 Leasing Aktiebolag

SE

5562588847

31/12/2012

Swedish Aircraft Holdings AB

SE

5565737805

31/12/2012

Saab Barracuda AB

SE

5560457391

31/12/2012

Barracuda Camouflade (P) Ltd

IN

 

 

Saab Barracuda Pty Ltd

AU

 

 

Saab Barracuda Sa

FR

 

 

Saab Dynamics Aktiebolag

SE

5562646074

31/12/2012

Saab Bofors Aktiebolag

SE

5562679455

31/12/2012

Wikers Aktiebolag

SE

5560142126

31/12/2012

Saab Bofors Deutschland Gmbh

AU

 

 

Saab Bofors Dynamics Switzerland Ltd

CH

 

 

Nobeli Business Support Aktiebolag

SE

5560163247

31/12/2012

Orebro Alltele Aktiebolag

SE

5563381564

31/12/2012

Saab Bofors Test Center Aktiebolag

SE

5560353558

31/12/2012

Saab Czech S R 0

CZ

 

 

Saab DanmarkA/S

DK

 

 

Saab International Aktiebolag

SE

5562678994

31/12/2012

Saab International (Thailand) Aktiebolag

SE

5563786275

31/12/2012

Saab International Chile Sa

CL

 

 

Saab International DanmarkA/S

DK

 

 

Saab International Deutschland GmbH

DE

HRB 3379

31/12/2011

Saab International Do Brasil Representacao Ltda

BR

 

 

Saab International Finland Oy

FI

380573

31/12/2011

Saab Proiekt Atta AB

SE

5562358159

31/12/2012

Saab International Malaysia Sdnbhd

MY

 

 

 

Other Information

 

Employee Information

 

Year                 Number of Employees

2012                 2892

2011                 7631

2010                 7697

2009                 8270

2008                 8203

 

Advisors

 

Auditor Name    PricewaterhouseCoopers AB

 

 

Additional Information

 

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                                        30300

Activity Description                               Manufacture of air and spacecraft and related machinery

 

Event History

Event Date

Event Description

14/11/2013

Group Structure Change

12/11/2013

Interim report (PDF), new

31/10/2013

Group Structure Change

23/09/2013

Group Structure Change

19/09/2013

Group Structure Change

13/09/2013

Group Structure Change

09/09/2013

Group Structure Change

05/09/2013

Group Structure Change

29/08/2013

Group Structure Change

28/08/2013

Group Structure Change

27/08/2013

Group Structure Change

26/08/2013

Group Structure Change

22/08/2013

Group Structure Change

21/08/2013

Group Structure Change

19/08/2013

Group Structure Change

07/08/2013

Group Structure Change

06/08/2013

Certificate, deregistered

31/07/2013

Group Structure Change

29/07/2013

Group Structure Change

22/07/2013

Group Structure Change

18/07/2013

Group Structure Change

17/07/2013

Group Structure Change

11/07/2013

Group Structure Change

24/06/2013

Group Structure Change

20/06/2013

Company representatives, changed

20/06/2013

Annual account, new

20/06/2013

Group annual accout, new

20/06/2013

Authorised signatories amended or new/amended vacancy text

13/06/2013

Group Structure Change

13/06/2013

Annual report (PDF), new

26/04/2013

Company representatives, changed

26/04/2013

Authorised signatories amended or new/amended vacancy text

08/02/2013

Company representatives, changed

08/02/2013

Authorised signatories amended or new/amended vacancy text

03/01/2013

Authorised signatories amended or new/amended vacancy text

03/01/2013

Company representatives, changed

20/12/2012

Certificate, registered

24/11/2012

Company representatives, changed

24/11/2012

Authorised signatories amended or new/amended vacancy text

23/11/2012

Company representatives, changed

23/11/2012

Authorised signatories amended or new/amended vacancy text

02/07/2012

Annual account, new

02/07/2012

Group annual accout, new

20/06/2012

Annual report (PDF), new

06/06/2012

Certificate, deregistered

09/05/2012

Board, changed

09/05/2012

Authorised signatories amended or new/amended vacancy text

09/05/2012

Company representatives, changed

09/05/2012

Limit, increase

08/05/2012

Certificate, registered

17/03/2012

Board, changed

17/03/2012

Company representatives, changed

17/03/2012

Authorised signatories amended or new/amended vacancy text

15/02/2012

Company representatives, changed

15/02/2012

Board, changed

15/02/2012

Authorised signatories amended or new/amended vacancy text

24/09/2011

Board, changed

26/08/2011

Interim report (PDF), new

21/06/2011

Authorised signatories amended or new/amended vacancy text

21/06/2011

Board, changed

21/06/2011

Company representatives, changed

21/06/2011

Limit, decrease

20/05/2011

Group annual accout, new

20/05/2011

Annual account, new

03/05/2011

Annual report (PDF), new

22/04/2011

Authorised signatories amended or new/amended vacancy text

22/04/2011

Company representatives, changed

22/04/2011

Board, changed

29/03/2011

Phone number, new

29/03/2011

Fax number, new

19/01/2011

Board, changed

14/01/2011

Board, changed

30/11/2010

Board, changed

30/11/2010

Authorised signatories amended or new/amended vacancy text

09/09/2010

Interim report (PDF), new

02/09/2010

Authorised signatory, changed

02/09/2010

Company representatives, changed

02/09/2010

Board, changed

19/05/2010

Annual account, new

13/05/2010

Annual report (PDF), new

01/05/2010

Board, changed

01/05/2010

Company representatives, changed

01/05/2010

Authorised signatory, changed

19/02/2010

Board, changed

19/02/2010

Company representatives, changed

19/02/2010

Authorised signatory, changed

30/09/2009

Interim report (PDF), new

14/05/2009

Annual account, new

05/05/2009

Annual report (PDF), new

 

 

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                                        -

 

Record of non-payment

 

Number of distraint attempts and repossessions                        -

Number of public claims                                                8

Number of private claims                                               37

Number of applications for an order to pay                    3

Number of reclaimed/revoked applications                     13

 

Latest Private Claim

 

Date                                                                 10/12/2012

Amount                                                             1.052 SEK

Creditor                                                            Telenor Sverige Aktiebolag

Comments                                                        Decision


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.61.94

UK Pound

1

Rs.103.31

Euro

1

Rs.85.11

 

 

INFORMATION DETAILS

 

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

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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.