|
Report Date : |
07.07.2014 |
IDENTIFICATION DETAILS
|
Name : |
TEKNOCORD AB |
|
|
|
|
Registered Office : |
Vänortsgatan 19, 43160 MÖLNDAL |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
2012 |
|
|
|
|
Date of Incorporation : |
09.05.2011 |
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|
|
|
Com. Reg. No.: |
5568520810 |
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|
|
|
Legal Form : |
Limited liability company |
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|
|
|
Line of Business : |
Subject is engaged in construction and civil engineering
activities and related technical consultancy |
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|
|
|
No. of Employees |
03 |
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 |
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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 |
|
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 |
TEKNOCORD AB |
|
Country |
SWEDEN |
|
Company Registration Number |
5568520810 |
|
Main Activity |
Construction and civil engineering activities and related technical consultancy |
|
Activity Code |
71121 |
|
Company Status |
Active |
|
Latest Turnover Figure |
852.000 |
|
Latest Shareholder Equity Figure |
58.000 |
Basic Information
|
|
|
Business Name |
TEKNOCORD AB |
|
Registered Company Name |
TEKNOCORD AB |
|
Company Registration Number |
5568520810 |
|
Country |
SWEDEN |
|
VAT Registration Number |
SE556852081001 |
|
Date of Company Registration |
09/05/2011 |
|
Legal Form |
Limited liability company |
|
Company Status |
Active |
|
Currency of this Report |
SEK |
|
Principal Activity Description |
Bolagets verksamhet är att bedriva tjänste- och uppdragsverksamhet avseende mjukvaruutveckling, försäljning av programvaror samt därmed förenlig verksamhet. |
|
Contact Address |
Vänortsgatan 19, 43160 MÖLNDAL |
|
Contact Telephone Number |
08-7107207 |
|
Current Directors |
|||
|
Name |
Appointment Date |
Position |
|
|
Prabin Paul
Kallungal |
23/06/2011 |
Actual Member of Board |
|
|
Anuya Siby
Kurian |
23/06/2011 |
Substitute |
|
|
Previous Directors |
|||
|
Name |
Appointment Date |
Position |
Resignation Date |
|
Lars Anders Larsson |
09/05/2011 |
Actual Member of Board |
|
|
Eva Cathrine Arnfridsdotter |
09/05/2011 |
Substitute |
|
|
Mari Sinikka
Kovaniemi |
09/05/2011 |
Substitute |
|
|
Eva Anette
Strömbäck |
09/05/2011 |
Substitute |
|
No negative information found.
|
Issued Share Capital |
50.000 |
|
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 |
- |
|
No group structure for this company. |
|
Profit and Loss |
||
|
Financial Year |
2012 |
2011 |
|
Number of Weeks |
52 |
35 |
|
Currency |
SEK |
SEK |
|
Consolidated Accounts |
N |
N |
|
Revenue |
852.000 |
544.000 |
|
Operating Costs |
842.000 |
544.000 |
|
Operating Profit |
10.000 |
- |
|
Wages & Salaries |
-509.000 |
-326.000 |
|
Depreciation |
-3.000 |
-1.000 |
|
Financial Income |
- |
- |
|
Financial Expenses |
- |
- |
|
Extraordinary Income |
- |
- |
|
Extraordinary Costs |
- |
- |
|
Profit before Tax |
11.000 |
- |
|
Tax |
-3.000 |
- |
|
Profit after Tax |
8.000 |
- |
|
Minority Interests |
- |
- |
|
Other Appropriations |
- |
- |
|
Retained Profit |
7.000 |
1.000 |
|
Balance Sheet |
||
|
Financial Year |
2012 |
2011 |
|
Number of Weeks |
52 |
35 |
|
Currency |
SEK |
SEK |
|
Consolidated Accounts |
N |
N |
|
Land & Buildings |
0 |
0 |
|
Plant & Machinery |
0 |
0 |
|
Other Tangible Assets |
9.000 |
12.000 |
|
Total Tangible Assets |
9.000 |
12.000 |
|
Goodwill |
0 |
0 |
|
Other Intangible Assets |
0 |
0 |
|
Total Intangible Assets |
0 |
0 |
|
Loans To Group |
0 |
0 |
|
Other Loans |
0 |
0 |
|
Miscellaneous Fixed Assets |
25.000 |
0 |
|
Total Other Fixed Assets |
25.000 |
0 |
|
TOTAL FIXED ASSETS |
34.000 |
12.000 |
|
Work In Progress |
0 |
0 |
|
Other Inventories |
0 |
0 |
|
Total Inventories |
0 |
0 |
|
Trade Receivables |
0 |
0 |
|
Group Receivables |
0 |
0 |
|
Miscellaneous Receivables |
25.000 |
1.000 |
|
Total Receivables |
25.000 |
1.000 |
|
Cash |
131.000 |
124.000 |
|
Other Current Assets |
0 |
0 |
|
TOTAL CURRENT ASSETS |
157.000 |
125.000 |
|
TOTAL ASSETS |
191.000 |
136.000 |
|
Trade Payables |
1.000 |
0 |
|
Bank Liabilities |
0 |
0 |
|
Group Payables |
0 |
0 |
|
Miscellaneous Liabilities |
132.000 |
86.000 |
|
TOTAL CURRENT LIABILITIES |
133.000 |
86.000 |
|
Bank Liabilities Due After 1 Year |
0 |
0 |
|
Other Loans Or Finance Due After 1 Year |
0 |
0 |
|
Group Payables After 1 Year |
0 |
0 |
|
Miscellaneous Liabilities Due After 1 Year |
0 |
0 |
|
TOTAL LONG TERM LIABILITIES |
0 |
0 |
|
TOTAL LIABILITIES |
133.000 |
85.000 |
|
Called Up Share Capital |
50.000 |
50.000 |
|
Share Premium |
0 |
0 |
|
Revenue Reserves |
8.000 |
1.000 |
|
Other Reserves |
0 |
0 |
|
TOTAL SHAREHOLDERS EQUITY |
58.000 |
51.000 |
|
Other Financials |
||
|
Contingent Liabilities |
0 |
0 |
|
Working Capital |
24.000 |
39.000 |
|
Net Worth |
58.000 |
51.000 |
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Ratios |
||
|
Pre-Tax Profit Margin |
1.29 % |
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|
Return On Capital Employed |
3.40 % |
|
|
Return On Total Assets Employed |
5.76 % |
|
|
Return On Net Assets Employed |
18.97 % |
|
|
Sales/Net Working Capital |
35.50 |
13.95 |
|
Stock Turnover Ratio |
|
|
|
Debtor Days |
0.00 |
0.00 |
|
Creditor Days |
0.43 |
0.00 |
|
Current Ratio |
1.18 |
1.45 |
|
Liquidity Ratio/Acid Test |
1.18 |
1.45 |
|
Current Debt Ratio |
2.29 |
1.69 |
|
Gearing |
|
|
|
Equity In Percentage |
34.94 % |
37.23 % |
|
Total Debt Ratio |
2.29 |
1.67 |
N/a
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Activities |
|
|
Activity Code |
Activity Description |
|
71121 |
Construction and civil engineering activities and related technical consultancy |
|
46769 |
Wholesale of other intermediate products n.e.c. |
|
62010 |
Computer programming activities |
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Main Address |
||
|
Address |
Country |
Telephone |
|
Vänortsgatan 19, 43160 MÖLNDAL |
SWEDEN |
08-7107207 |
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Mailing Address |
|
|
Address |
|
|
Alpvagen 14, 168-85 Bromma, Stockholm Sweden |
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|
Email Addresses |
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No information for this company. |
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Web Pages |
|
No information for this company. |
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Employee
Information |
|
|
Year |
Number of Employees |
|
2012 |
3 |
|
2011 |
3 |
|
Advisors |
|
No advisor information for this company. |
|
Tax Registrations |
|
|
Registered for FTax |
Yes |
|
Registered for VAT |
Yes |
|
Registered for Employee Tax |
Yes |
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Certificates |
||
|
Type |
Category |
Issuer |
|
No certificate information for this company. |
|
|
|
Industry Comparison |
|
|
Activity Code |
71121 |
|
Activity Description |
Construction and civil engineering activities and related technical consultancy |
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Event History |
|
|
Event Date |
Event Description |
|
25/03/2014 |
Address, changed |
|
17/07/2013 |
Annual account, new |
|
17/07/2013 |
Limit, decrease |
|
01/07/2013 |
Annual report (PDF), new |
|
14/09/2012 |
Annual account, new |
|
14/09/2012 |
Limit, increase |
|
21/08/2012 |
Annual report (PDF), new |
|
30/08/2011 |
Phone number, new |
|
02/07/2011 |
Employment tax, changed |
|
28/06/2011 |
VAT, changed |
|
28/06/2011 |
Company tax, changed |
|
24/06/2011 |
Address, changed |
|
24/06/2011 |
Authorised signatories amended or new/amended vacancy text |
|
24/06/2011 |
Company name, changed (old name: Startpärmen 782 AB) |
|
24/06/2011 |
Company business activity, changed |
|
24/06/2011 |
Status, changed |
|
24/06/2011 |
Board, changed |
|
24/06/2011 |
Company representatives, changed |
|
10/05/2011 |
Status, changed |
|
10/05/2011 |
Share capital, new |
|
10/05/2011 |
Company business activity, changed |
|
10/05/2011 |
Authorised signatories amended or new/amended vacancy text |
|
10/05/2011 |
Company representatives, changed |
|
10/05/2011 |
Board, changed |
|
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 |
- |
N/a
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.59.79 |
|
|
1 |
Rs.102.66 |
|
Euro |
1 |
Rs.81.32 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUM |
|
|
|
|
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.