|
Report Date : |
03.07.2014 |
IDENTIFICATION DETAILS
|
Name : |
NAF AKTIEBOLAG |
|
|
|
|
Registered Office : |
58187 Linköping |
|
|
|
|
Country : |
Sweden |
|
|
|
|
Financials (as on) : |
2013 |
|
|
|
|
Date of Incorporation : |
14.06.1944 |
|
|
|
|
Com. Reg. No.: |
5560439159 |
|
|
|
|
Legal Form : |
Limited liability company |
|
|
|
|
Line of Business : |
|
|
|
|
|
No of Employees : |
79 |
RATING & COMMENTS
|
MIRA’s Rating : |
A |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
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 – 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 |
|
Moderate Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderate 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 |
NAF
Aktiebolag |
|
Country |
SWEDEN |
|
Company Registration Number |
5560439159 |
|
Main Activity |
Manufacture of other taps and valves |
|
Activity Code |
28140 |
|
Company Status |
Active |
|
Latest Turnover Figure |
157.115.000 |
|
Latest Shareholder Equity Figure |
278.791.000 |
|
Current Directors |
|||
|
Name |
Appointment Date |
Position |
|
|
Alverson, Luke |
17/05/2013 |
Actual Member of Board |
|
|
Palin Andrew William |
01/11/2003 |
Actual Member of Board |
|
|
Karl Peter Ekström |
29/11/2011 |
Actual Member of Board |
|
|
Previous Directors |
|||
|
Name |
Appointment Date |
Position |
Resignation Date |
|
Nanos John Michael |
01/11/2003 |
Actual Member of Board |
|
|
Per Gunnar Edvard Lundqvist |
16/04/2002 |
Actual Member of Board |
|
No negative information found.
|
Issued
Share Capital |
600.000 |
|
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 |
1 |
|
Extended Group Structure |
||||
|
Company Name |
Country |
Number |
|
Latest Annual Accounts |
|
0Flowserve International Inc |
US |
|
||
|
1Flowserve Sweden AB |
SE |
5566240874 |
|
31/12/2012 |
|
2NAF Aktiebolag |
SE |
5560439159 |
|
31/12/2013 |
|
3Naval Oy |
FI |
01345086 |
|
|
|
2Palmstierna International AB |
SE |
5561126037 |
|
31/12/2012 |
|
Profit and Loss |
|||
|
Financial Year |
2013 |
2012 |
2011 |
|
Number of Weeks |
52 |
52 |
52 |
|
Currency |
SEK |
SEK |
SEK |
|
Consolidated Accounts |
N |
N |
N |
|
Revenue |
161.602.000 |
266.366.000 |
204.882.000 |
|
Operating Costs |
169.884.000 |
248.112.000 |
196.676.000 |
|
Operating Profit |
-8.282.000 |
18.254.000 |
8.206.000 |
|
Wages & Salaries |
- |
- |
- |
|
Depreciation |
- |
- |
- |
|
Financial Income |
5.806.000 |
9.432.000 |
14.860.000 |
|
Financial Expenses |
-14.282.000 |
-29.339.000 |
-19.922.000 |
|
Extraordinary Income |
- |
- |
- |
|
Extraordinary
Costs |
-14.282.000 |
-29.339.000 |
-19.922.000 |
|
Profit before Tax |
216.474.000 |
-1.653.000 |
3.144.000 |
|
Tax |
- |
- |
-95.000 |
|
Profit after Tax |
216.474.000 |
-1.653.000 |
3.049.000 |
|
Minority Interests |
- |
- |
- |
|
Other Appropriations |
16.504.000 |
1.416.000 |
-2.981.000 |
|
Retained Profit |
232.978.000 |
-237.000 |
68.000 |
|
Balance Sheet |
|||
|
Financial Year |
2013 |
2012 |
2011 |
|
Number of Weeks |
52 |
52 |
52 |
|
Currency |
SEK |
SEK |
SEK |
|
Consolidated Accounts |
N |
N |
N |
|
Land & Buildings |
15.000 |
18.000 |
21.000 |
|
Plant & Machinery |
15.245.000 |
16.308.000 |
18.028.000 |
|
Other Tangible Assets |
3.146.000 |
4.983.000 |
5.722.000 |
|
Total Tangible Assets |
18.406.000 |
21.309.000 |
23.771.000 |
|
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 |
34.000.000 |
34.000.000 |
34.000.000 |
|
Total Other Fixed Assets |
34.000.000 |
34.000.000 |
34.000.000 |
|
TOTAL FIXED ASSETS |
52.406.000 |
55.309.000 |
57.771.000 |
|
Work In Progress |
0 |
0 |
0 |
|
Other Inventories |
41.726.000 |
48.145.000 |
78.280.000 |
|
Total Inventories |
41.726.000 |
48.145.000 |
78.280.000 |
|
Trade Receivables |
14.370.000 |
26.859.000 |
20.624.000 |
|
Group Receivables |
314.840.000 |
35.189.000 |
30.844.000 |
|
Miscellaneous Receivables |
8.271.000 |
8.180.000 |
10.708.000 |
|
Total Receivables |
337.481.000 |
70.228.000 |
62.176.000 |
|
Cash |
263.000 |
1.141.000 |
421.000 |
|
Other Current Assets |
0 |
0 |
0 |
|
TOTAL CURRENT ASSETS |
379.470.000 |
119.514.000 |
140.877.000 |
|
TOTAL ASSETS |
431.876.000 |
174.823.000 |
198.648.000 |
|
Trade Payables |
14.193.000 |
15.738.000 |
26.379.000 |
|
Bank Liabilities |
0 |
0 |
0 |
|
Group Payables |
0 |
0 |
0 |
|
Miscellaneous Liabilities |
15.765.000 |
16.735.000 |
29.679.000 |
|
TOTAL CURRENT LIABILITIES |
29.958.000 |
32.473.000 |
56.058.000 |
|
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 |
56.826.000 |
56.606.000 |
56.609.000 |
|
TOTAL LONG TERM LIABILITIES |
123.127.000 |
96.537.000 |
96.540.000 |
|
TOTAL LIABILITIES |
153.085.000 |
129.010.000 |
152.598.000 |
|
Called Up Share Capital |
600.000 |
600.000 |
600.000 |
|
Share Premium |
0 |
0 |
0 |
|
Revenue Reserves |
278.071.000 |
45.093.000 |
45.330.000 |
|
Other Reserves |
120.000 |
120.000 |
120.000 |
|
TOTAL SHAREHOLDERS EQUITY |
278.791.000 |
45.813.000 |
46.050.000 |
|
Other Financials |
|||
|
Contingent Liabilities |
927.000 |
965.000 |
988.000 |
|
Working Capital |
349.512.000 |
87.041.000 |
84.819.000 |
|
Net Worth |
278.791.000 |
45.813.000 |
46.050.000 |
|
Ratios |
|||
|
Pre-Tax Profit Margin |
133.96 % |
-0.62 % |
1.53 % |
|
Return On Capital Employed |
46.87 % |
-0.80 % |
1.23 % |
|
Return On Total Assets Employed |
50.12 % |
-0.95 % |
1.58 % |
|
Return On Net Assets Employed |
77.65 % |
-3.61 % |
6.83 % |
|
Sales/Net Working Capital |
0.46 |
3.06 |
2.42 |
|
Stock Turnover Ratio |
25.82 % |
18.07 % |
38.21 % |
|
Debtor Days |
32.46 |
36.80 |
36.74 |
|
Creditor Days |
32.06 |
21.57 |
46.99 |
|
Current Ratio |
12.67 |
3.68 |
2.51 |
|
Liquidity Ratio/Acid Test |
11.27 |
2.20 |
1.12 |
|
Current Debt Ratio |
0.11 |
0.71 |
1.22 |
|
Gearing |
23.78 % |
87.16 % |
86.71 % |
|
Equity In Percentage |
70.07 % |
32.53 % |
27.97 % |
|
Total Debt Ratio |
0.55 |
2.82 |
3.31 |
N/a
|
Basic Information |
|
|
Business Name |
NAF Aktiebolag |
|
Registered Company Name |
NAF Aktiebolag |
|
Company Registration Number |
5560439159 |
|
Country |
SWEDEN |
|
VAT Registration Number |
SE556043915901 |
|
Date of Company Registration |
14/06/1944 |
|
Legal Form |
Limited liability company |
|
Company Status |
Active |
|
Currency of this Report |
SEK |
|
Principal Activity Description |
Bolaget skall -direkt eller indirekt-
bedriva tillverkning och försäljning (även i grosshandelsledet) samt service-
och entreprenadverksamhet inom i första hand anläggnings-, installations-, |
|
Contact Address |
, 58187 LINKÖPING |
|
Contact Telephone Number |
013-316100 |
|
Activities |
|
|
Activity Code |
Activity Description |
|
28140 |
Manufacture of other taps and valves |
|
46742 |
Wholesale of plumbing and heating equipment |
|
Main Address |
||
|
Address |
Country |
Telephone |
|
, 58187 LINKÖPING |
SWEDEN |
013-316100 |
|
Other Address |
|
|
Address |
Country |
|
Korta Gatan 9, 17154 |
SWEDEN |
|
Email Addresses |
|
Web Pages |
|
Employee Information |
|
|
Year |
Number of Employees |
|
2013 |
79 |
|
2012 |
77 |
|
2011 |
69 |
|
2010 |
65 |
|
2009 |
72 |
|
Advisors |
|
|
Auditor Name |
Öhrlings PricewaterhouseCoopers AB |
|
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. |
||
|
Event History |
|
|
Event Date |
Event Description |
|
24/06/2014 |
Group Structure Change |
|
17/06/2014 |
Annual account, new |
|
11/06/2014 |
Annual report (PDF), new |
|
05/09/2013 |
Group Structure Change |
|
03/09/2013 |
Certificate, registered |
|
04/06/2013 |
Certificate, deregistered |
|
18/05/2013 |
Authorised signatories amended or new/amended vacancy text |
|
18/05/2013 |
Company representatives, changed |
|
10/05/2013 |
Group annual account, new |
|
10/05/2013 |
Annual account, new |
|
01/05/2013 |
Annual report (PDF), new |
|
26/06/2012 |
Annual account, new |
|
31/05/2012 |
Annual report (PDF), new |
|
30/11/2011 |
Authorised signatories amended or new/amended vacancy text |
|
30/11/2011 |
Board, changed |
|
30/11/2011 |
Company representatives, changed |
|
06/09/2011 |
Certificate, registered |
|
02/08/2011 |
Certificate, registered |
|
05/07/2011 |
Annual account, new |
|
30/06/2011 |
Annual report (PDF), new |
|
23/07/2010 |
Annual account, new |
|
15/07/2010 |
Annual report (PDF), new |
|
11/12/2009 |
Annual account, new |
|
05/12/2009 |
Authorised signatory, changed |
|
24/11/2009 |
Annual report (PDF), new |
N/a
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 59.97 |
|
|
1 |
Rs. 102.89 |
|
Euro |
1 |
Rs. 82.02 |
INFORMATION DETAILS
|
Analysis Done by
: |
RSM |
|
|
|
|
Report Prepared
by : |
DPT |
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.