MIRA
INFORM REPORT
|
Report Date : |
11.07.2014 |
IDENTIFICATION DETAILS
|
Name : |
SANTA MARIA AB |
|
|
|
|
Registered Office : |
Neongatan 5 / Box 63, 431 21 Mölndal |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
2013 |
|
|
|
|
Date of Incorporation : |
31.05.1946 |
|
|
|
|
Com. Reg. No.: |
5560475658 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
· Manufacturer of condiments and seasonings Manufacturer of Rusks, Biscuits and Preserved Pastry Goods
as well as Cakes |
|
|
|
|
No of Employees : |
510 (2013) |
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 – 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 |
REGISTERED NAME & COMPANY
SUMMARY
|
Business Name |
Santa Maria AB |
|
Country |
SWEDEN |
|
Company Registration Number |
5560475658 |
|
Main Activity |
Manufacturer of condiments and seasonings |
|
Activity Code |
10840 |
|
Company Status |
Active |
|
Latest Turnover Figure |
1.948.150.000 |
|
Latest Shareholder Equity Figure |
1.774.090.000 |
|
Basic
Information |
|
|
Business Name |
Santa Maria AB |
|
Registered Company Name |
Santa Maria AB |
|
Company Registration Number |
5560475658 |
|
Country |
SWEDEN |
|
VAT Registration Number |
SE556047565801 |
|
Date of Company Registration |
31/05/1946 |
|
Legal Form |
Limited liability company |
|
Company Status |
Active |
|
Currency of this Report |
SEK |
|
Principal Activity Description |
The Company shall conduct
agency, trading and manufacturing business along with related business in the
food industry. |
|
Contact Address |
Neongatan 5 / Box 63, 431 21
Mölndal |
|
Contact Telephone Number |
031-674200 |
|
Activities |
|
|
Activity Code |
Activity Description |
|
10840 |
Manufacture of condiments and seasonings |
|
10722 |
Manufacture of rusks, biscuits and preserved pastry goods as well as
cakes |
|
Main Address |
||
|
Address |
Country |
Telephone |
|
Neongatan 5 / Box 63, 431 21
Mölndal |
SWEDEN |
031-674200 |
|
Other Address |
|
|
Address |
Country |
|
Strömögatan 7, 16440 |
SWEDEN |
|
Arendalsvägen 40, 43439 |
SWEDEN |
|
Örjaleden 5, 26151 |
SWEDEN |
|
Kråketorpsgatan 16, 43153 |
SWEDEN |
|
Email Addresses |
|
Web Pages |
|
No information for this company. |
DIRECTORS/MANAGEMENT
|
Current
Directors |
|||
|
Name |
Appointment Date |
Position |
|
|
Tuominen, Jaana Maija-Liisa |
08/09/2008 |
Actual Member of Board |
|
|
Johan Åke Sundelin |
13/06/2013 |
Actual Member of Board |
|
|
Tähkälä, Sarah Veronica |
16/03/2010 |
Actual Member of Board |
|
|
Anders Thomas Blomstrand |
17/10/2013 |
Actual Member of Board |
|
|
Jack Tomas Samuelsson |
13/05/2013 |
Actual Member of Board |
|
|
Lindholm, Niklas, Sebastian |
13/11/2012 |
Substitute |
|
|
Bernt Anders Gäfvert |
05/04/2011 |
Substitute |
|
|
Previous
Directors |
|||
|
Name |
Appointment Date |
Position |
Resignation Date |
|
Stig Håkan Bornestrand |
05/04/2011 |
Actual Member of Board |
|
|
Danielsson, Mats Olof |
13/11/2012 |
Actual Member of Board |
|
|
Tuominen, Jaana Maija-Liisa |
13/11/2012 |
Managing Director |
|
|
Per Urban Jernberg |
26/10/2007 |
Actual Member of Board |
|
|
Knut Anders Peter Holm |
27/09/2010 |
Actual Member of Board |
|
|
Lars-Olov Mattsson |
|
Actual Member of Board |
|
|
Paulig,Bertel Johan Eduard |
01/11/2003 |
Foreign Resident in the EEA |
|
|
Per Anders Öberg |
12/03/2001 |
Actual Member of Board |
|
|
Lindholm, Niklas Sebastian |
16/03/2010 |
Substitute |
|
|
Markula, Elisa Johanna |
16/03/2010 |
Substitute |
|
|
Mats Johan Mattsson |
16/03/2010 |
Substitute |
|
|
Olov Ludwig Mattsson |
08/09/2008 |
Substitute |
|
|
Carin Irene Axelsson |
16/03/2010 |
External Signatory |
|
|
Anders Lennart Ternbom |
17/01/2005 |
Actual Member of Board |
|
|
Öhman, Magnus Carl Svante |
08/09/2008 |
Substitute |
|
NEGATIVE INFORMATION
No negative information given.
SHARE & SHARE CAPITAL
INFORMATION
|
Issued Share Capital |
42.559.900 |
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 distrait attempts and repossessions |
- |
|
Number of public claims |
- |
|
Number of private claims |
- |
|
Number of applications for an order to pay |
- |
|
Number of reclaimed/revoked applications |
7 |
GROUP STRUCTURE & AFFILIATED
COMPANIES
|
Extended Group
Structure |
||||
|
Company Name |
Country |
Number |
|
Latest Annual Accounts |
|
|
DK |
|
|
|
|
SE |
5560475658 |
|
31/12/2013 |
|
|
|
EE |
|
|
|
|
GB |
03805046 |
|
31/12/2013 |
|
|
|
NL |
|
|
|
|
|
BE |
|
|
|
|
BE |
472510259 |
|
31/12/2013 |
|
|
|
FI |
|
|
|
|
|
DK |
|
|
|
|
|
NO |
|
|
|
|
SE |
5560684986 |
|
31/12/2013 |
|
|
SE |
5563399335 |
|
31/12/2013 |
|
|
SE |
5563189793 |
|
31/12/2013 |
|
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 |
2.015.942.000 |
1.966.631.000 |
1.868.857.000 |
|||||||||
|
Operating Costs |
1.933.973.000 |
1.911.802.000 |
1.854.991.000 |
|||||||||
|
Operating Profit |
81.969.000 |
54.829.000 |
13.866.000 |
|||||||||
|
Wages & Salaries |
-289.692.000 |
-277.396.000 |
-296.632.000 |
|||||||||
|
Depreciation |
-61.758.000 |
-61.268.000 |
-71.328.000 |
|||||||||
|
Financial Income |
1.882.000 |
1.187.000 |
42.023.000 |
|||||||||
|
Financial Expenses |
-15.785.000 |
-33.224.000 |
-33.311.000 |
|||||||||
|
Extraordinary Income |
- |
- |
- |
|||||||||
|
Extraordinary Costs |
-15.785.000 |
-33.224.000 |
-33.311.000 |
|||||||||
|
Profit before Tax |
323.441.000 |
249.954.000 |
599.018.000 |
|||||||||
|
Tax |
-14.316.000 |
-7.193.000 |
-10.009.000 |
|||||||||
|
Profit after Tax |
309.125.000 |
242.761.000 |
589.009.000 |
|||||||||
|
Minority Interests |
- |
- |
- |
|||||||||
|
Other Appropriations |
- |
6.509.000 |
23.281.000 |
|||||||||
|
Retained Profit |
309.126.000 |
249.269.000 |
612.291.000 |
|||||||||
|
Balance Sheet |
||||||||||||
|
Financial Year |
2013 |
2012 |
2011 |
|||||||||
|
Number of Weeks |
52 |
52 |
52 |
|||||||||
|
Currency |
SEK |
SEK |
SEK |
|||||||||
|
Consolidated Accounts |
N |
N |
N |
|||||||||
|
Land & Buildings |
130.680.000 |
95.432.000 |
83.075.000 |
|||||||||
|
Plant & Machinery |
223.607.000 |
216.763.000 |
187.781.000 |
|||||||||
|
Other Tangible Assets |
24.220.000 |
69.589.000 |
90.689.000 |
|||||||||
|
Total Tangible Assets |
378.507.000 |
381.784.000 |
361.545.000 |
|||||||||
|
Goodwill |
0 |
0 |
0 |
|||||||||
|
Other Intangible Assets |
8.060.000 |
0 |
9.423.000 |
|||||||||
|
Total Intangible Assets |
8.060.000 |
0 |
9.423.000 |
|||||||||
|
Loans To Group |
0 |
0 |
0 |
|||||||||
|
Other Loans |
0 |
0 |
0 |
|||||||||
|
Miscellaneous Fixed Assets |
1.565.166.000 |
1.579.924.000 |
1.581.515.000 |
|||||||||
|
Total Other Fixed Assets |
1.565.166.000 |
1.579.924.000 |
1.581.515.000 |
|||||||||
|
TOTAL FIXED ASSETS |
1.951.734.000 |
1.961.708.000 |
1.952.483.000 |
|||||||||
|
Work In Progress |
0 |
0 |
0 |
|||||||||
|
Other Inventories |
208.697.000 |
214.433.000 |
226.913.000 |
|||||||||
|
Total Inventories |
208.697.000 |
214.433.000 |
226.913.000 |
|||||||||
|
Trade Receivables |
242.196.000 |
271.588.000 |
239.567.000 |
|||||||||
|
Group Receivables |
119.318.000 |
102.109.000 |
46.316.000 |
|||||||||
|
Miscellaneous Receivables |
44.040.000 |
47.341.000 |
68.461.000 |
|||||||||
|
Total Receivables |
405.554.000 |
421.038.000 |
354.344.000 |
|||||||||
|
Cash |
11.604.000 |
13.555.000 |
6.323.000 |
|||||||||
|
Other Current Assets |
0 |
0 |
0 |
|||||||||
|
TOTAL CURRENT ASSETS |
625.855.000 |
649.026.000 |
587.580.000 |
|||||||||
|
TOTAL ASSETS |
2.577.589.000 |
2.610.734.000 |
2.540.062.000 |
|||||||||
|
Trade Payables |
235.158.000 |
194.785.000 |
134.265.000 |
|||||||||
|
Bank Liabilities |
13.525.000 |
10.900.000 |
11.900.000 |
|||||||||
|
Group Payables |
112.535.000 |
92.765.000 |
61.142.000 |
|||||||||
|
Miscellaneous Liabilities |
151.272.000 |
168.622.000 |
170.614.000 |
|||||||||
|
TOTAL CURRENT LIABILITIES |
512.490.000 |
467.072.000 |
377.921.000 |
|||||||||
|
Bank Liabilities Due After 1 Year |
127.000 |
14.026.000 |
23.940.000 |
|||||||||
|
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 |
140.882.000 |
139.672.000 |
143.806.000 |
|||||||||
|
TOTAL LONG TERM LIABILITIES |
291.009.000 |
678.698.000 |
942.746.000 |
|||||||||
|
TOTAL LIABILITIES |
803.499.000 |
1.145.770.000 |
1.320.667.000 |
|||||||||
|
Called Up Share Capital |
42.560.000 |
42.560.000 |
42.560.000 |
|||||||||
|
Share Premium |
14.271.000 |
14.271.000 |
0 |
|||||||||
|
Revenue Reserves |
1.688.693.000 |
1.383.267.000 |
1.148.269.000 |
|||||||||
|
Other Reserves |
28.566.000 |
24.866.000 |
28.566.000 |
|||||||||
|
TOTAL SHAREHOLDERS EQUITY |
1.774.090.000 |
1.464.964.000 |
1.219.395.000 |
|||||||||
|
Other Financials |
||||||||||||
|
Contingent Liabilities |
1.054.000 |
982.000 |
914.000 |
|||||||||
|
Working Capital |
113.365.000 |
181.954.000 |
209.659.000 |
|||||||||
|
Net Worth |
1.766.030.000 |
1.464.964.000 |
1.209.972.000 |
|||||||||
|
Ratios |
||||||||||||
|
Pre-Tax Profit Margin |
16.04 % |
12.71 % |
32.05 % |
|||||||||
|
Return On Capital Employed |
10.47 % |
8.12 % |
20.53 % |
|||||||||
|
Return On Total Assets Employed |
12.55 % |
9.57 % |
23.58 % |
|||||||||
|
Return On Net Assets Employed |
18.23 % |
17.06 % |
49.12 % |
|||||||||
|
Sales/Net Working Capital |
17.78 |
10.81 |
8.91 |
|||||||||
|
Stock Turnover Ratio |
10.35 % |
10.90 % |
12.14 % |
|||||||||
|
Debtor Days |
43.85 |
50.41 |
46.79 |
|||||||||
|
Creditor Days |
42.58 |
36.15 |
26.22 |
|||||||||
|
Current Ratio |
1.22 |
1.39 |
1.55 |
|||||||||
|
Liquidity Ratio/Acid Test |
0.81 |
0.93 |
0.95 |
|||||||||
|
Current Debt Ratio |
0.29 |
0.32 |
0.31 |
|||||||||
|
Gearing |
9.58 % |
38.12 % |
67.27 % |
|||||||||
|
Equity In Percentage |
176.64 % |
142.12 % |
128.48 % |
|||||||||
|
Total Debt Ratio |
0.45 |
0.78 |
1.08 |
|||||||||
ADDITIONAL INFORMATION
|
Employee
Information |
|
|
Year |
Number of Employees |
|
2013 |
510 |
|
2012 |
479 |
|
2011 |
485 |
|
2010 |
495 |
|
2009 |
498 |
|
Advisors |
|
|
Auditor Name |
Ernst & Young Aktiebolag |
|
Tax
Registrations |
|
|
Registered for Tax |
Yes |
|
Registered for VAT |
Yes |
|
Registered for Employee Tax |
Yes |
|
Certificates |
||
|
Type |
Category |
Issuer |
|
No certificate information for this company. |
|
|
|
Industry
Comparison |
|
Activity Code |
Activity Description |
|
10840 |
Manufacture of condiments and seasonings |
|
10722 |
Manufacture of rusks, biscuits and preserved pastry goods as well as
cakes |
|
Event History |
|
|
Event Date |
Event Description |
|
26/05/2014 |
Group Structure Change |
|
23/05/2014 |
Group Structure Change |
|
21/05/2014 |
Group annual account, new |
|
21/05/2014 |
Annual account, new |
|
15/05/2014 |
Annual report (PDF), new |
|
20/03/2014 |
Group Structure Change |
|
25/02/2014 |
Group Structure Change |
|
18/10/2013 |
Company representatives, changed |
|
18/10/2013 |
Authorised signatories amended or new/amended vacancy text |
|
14/06/2013 |
Authorised signatories amended or new/amended vacancy text |
|
14/06/2013 |
Company representatives, changed |
|
14/05/2013 |
Company representatives, changed |
|
14/05/2013 |
Group Structure Change |
|
14/05/2013 |
Authorised signatories amended or new/amended vacancy text |
|
13/05/2013 |
Group annual account, new |
|
13/05/2013 |
Annual account, new |
|
03/05/2013 |
Annual report (PDF), new |
|
14/11/2012 |
Company representatives, changed |
|
14/11/2012 |
Authorised signatories amended or new/amended vacancy text |
|
19/06/2012 |
Group annual account, new |
|
19/06/2012 |
Annual account, new |
|
05/06/2012 |
Board, changed |
|
05/06/2012 |
Authorised signatories amended or new/amended vacancy text |
|
05/06/2012 |
Company representatives, changed |
|
31/05/2012 |
Annual report (PDF), new |
|
29/10/2011 |
Authorised signatories amended or new/amended vacancy text |
|
29/10/2011 |
Company representatives, changed |
|
29/10/2011 |
Board, changed |
|
30/08/2011 |
Board, changed |
|
30/08/2011 |
Company representatives, changed |
|
30/08/2011 |
Authorised signatories amended or new/amended vacancy text |
|
25/05/2011 |
Authorised signatories amended or new/amended vacancy text |
|
25/05/2011 |
Board, changed |
|
25/05/2011 |
Company representatives, changed |
|
19/05/2011 |
Annual account, new |
|
19/05/2011 |
Group annual accout, new |
|
16/05/2011 |
Annual report (PDF), new |
|
06/04/2011 |
Company representatives, changed |
|
06/04/2011 |
Board, changed |
|
06/04/2011 |
Authorised signatories amended or new/amended vacancy text |
|
29/03/2011 |
Phone number, new |
|
29/03/2011 |
Fax number, new |
|
28/09/2010 |
Company representatives, changed |
|
28/09/2010 |
Board, changed |
|
28/09/2010 |
Authorised signatory, changed |
|
18/05/2010 |
Annual account, new |
|
07/05/2010 |
Annual report (PDF), new |
|
17/03/2010 |
Authorised signatory, changed |
|
17/03/2010 |
Board, changed |
|
17/03/2010 |
Company representatives, changed |
|
21/10/2009 |
Authorised signatory, changed |
|
21/10/2009 |
Board, changed |
|
21/10/2009 |
Company representatives, changed |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.59.88 |
|
UK Pound |
1 |
Rs.102.59 |
|
Euro |
1 |
Rs.81.69 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
MNL |
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.