MIRA INFORM REPORT

 

 

Report Date :

22.07.2014

 

IDENTIFICATION DETAILS

 

Name :

PHARMERA GOTHIA PHARMACEUTICAL AB

 

 

Registered Office :

Elis Nilssons väg 7, Hus 26, 27139 YSTAD

 

 

Country :

Sweden

 

 

Financials (as on) :

2013

 

 

Date of Incorporation :

14.07.2004

 

 

Com. Reg. No.:

5566640693

 

 

Legal Form :

Limited liability company

 

 

Line of Business :

Wholesale of pharmaceutical goods

 

 

No. of Employees

02 (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


Company name and address

 

Business Name

PHARMERA GOTHIA PHARMACEUTICAL AB

Country

SWEDEN

Company Registration Number

5566640693

Main Activity

Wholesale of pharmaceutical goods

Activity Code

46460

Company Status

Active

Latest Turnover Figure

29.277.000

Latest Shareholder Equity Figure

2.822.000

 

 

DIRECTORS/MANAGEMENT

 

Current Directors

Name

Appointment Date

Position

 

Paul Robert Nilsson

10/09/2011

Chairman of Board

 

Gustaf Sverker Nilius Littorin

17/09/2009

Actual Member of Board

 

Lars Bernhard Rydja

10/09/2011

Actual Member of Board

 

Patrik Robert Nilsson

17/09/2009

Actual Member of Board

 

 

 

Previous Directors

Name

Appointment Date

Position

Resignation Date

Fredrik Ivan Mikael Eckersten

17/09/2009

Chairman of Board

 

Patrik Robert Nilsson

27/08/2009

Substitute

 

Paul Robert Nilsson

17/09/2004

Actual Member of Board

 

Lars Bernhard Rydja

17/09/2004

Actual Member of Board

 

 

 

Group Structure

NEGATIVE INFORMATION

 

No negative information found

 

 

SHARE & SHARE CAPITAL INFORMATION

 

Issued Share Capital

101.500

 

 

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

-

Number of private claims

-

Number of applications for an order to pay

-

Number of reclaimed/revoked applications

-

 

 

GROUP STRUCTURE & AFFILIATED COMPANIES

 

No group structure for this company.

 

 

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

29.280.000

24.860.000

4.943.000

Operating Costs

27.791.000

23.336.000

6.471.000

Operating Profit

1.489.000

1.524.000

-1.528.000

Wages & Salaries

-824.000

-347.000

-483.000

Depreciation

-47.000

-140.000

-

Financial Income

-

125.000

589.000

Financial Expenses

-194.000

-226.000

-1.430.000

Extraordinary Income

-

-

-

Extraordinary Costs

-194.000

-226.000

-1.430.000

Profit before Tax

1.295.000

1.447.000

-2.369.000

Tax

-

-

-

Profit after Tax

1.295.000

1.447.000

-2.369.000

Minority Interests

-

-

-

Other Appropriations

-

-

-

Retained Profit

1.295.000

1.447.000

-2.369.000

 

BALANCE SHEET

Financial Year

2013

2012

2011

Number of Weeks

52

52

52

Currency

SEK

SEK

SEK

Consolidated Accounts

N

N

N

Land & Buildings

0

0

0

Plant & Machinery

0

0

0

Other Tangible Assets

0

0

0

Total Tangible Assets

0

0

0

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

2.400.000

2.400.000

2.875.000

Total Other Fixed Assets

2.400.000

2.400.000

2.875.000

TOTAL FIXED ASSETS

2.400.000

2.400.000

2.875.000

Work In Progress

0

0

0

Other Inventories

245.000

271.000

10.000

Total Inventories

245.000

271.000

10.000

Trade Receivables

0

659.000

0

Group Receivables

0

0

0

Miscellaneous Receivables

245.000

510.000

648.000

Total Receivables

245.000

1.169.000

648.000

Cash

1.648.000

188.000

84.000

Other Current Assets

0

0

0

TOTAL CURRENT ASSETS

2.138.000

1.629.000

742.000

TOTAL ASSETS

4.538.000

4.029.000

3.617.000

Trade Payables

1.305.000

239.000

112.000

Bank Liabilities

0

0

0

Group Payables

0

0

102.000

Miscellaneous Liabilities

411.000

255.000

305.000

TOTAL CURRENT LIABILITIES

1.716.000

494.000

519.000

Bank Liabilities Due After 1 Year

0

2.008.000

3.020.000

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

0

0

0

TOTAL LONG TERM LIABILITIES

0

2.008.000

3.020.000

TOTAL LIABILITIES

1.716.000

2.502.000

3.538.000

Called Up Share Capital

102.000

100.000

100.000

Share Premium

0

0

0

Revenue Reserves

1.904.000

609.000

-965.000

Other Reserves

816.000

818.000

944.000

TOTAL SHAREHOLDERS EQUITY

2.822.000

1.527.000

79.000

 

OTHER FINANCIALS

Contingent Liabilities

807.000

0

0

Working Capital

422.000

1.135.000

223.000

Net Worth

2.822.000

1.527.000

79.000

 

 

 

 

RATIOS

Pre-Tax Profit Margin

4.42 %

5.82 %

-47.93 %

Return On Capital Employed

20.71 %

31.99 %

-57.28 %

Return On Total Assets Employed

28.54 %

35.91 %

-65.50 %

Return On Net Assets Employed

45.89 %

94.76 %

-2998.73 %

Sales/Net Working Capital

69.38

21.90

22.17

Stock Turnover Ratio

0.84 %

1.09 %

0.20 %

Debtor Days

0.00

9.68

0.00

Creditor Days

16.27

3.51

8.27

Current Ratio

1.25

3.30

1.43

Liquidity Ratio/Acid Test

1.10

2.75

1.41

Current Debt Ratio

0.61

0.32

6.57

Gearing

 

131.50 %

3822.78 %

Equity In Percentage

131.99 %

93.74 %

10.65 %

Total Debt Ratio

0.61

1.64

44.78

 

 

Credit Score

FOREIGN EXCHANGE RATES

 

N/a

 

 

ADDITIONAL INFORMATION

 

Basic Information

Business Name

Pharmera Gothia Pharmaceutical AB

Registered Company Name

Pharmera Gothia Pharmaceutical AB

Company Registration Number

5566640693

Country

SWEDEN

VAT Registration Number

SE556664069301

Date of Company Registration

14/07/2004

Legal Form

Limited liability company

Currency of this Report

SEK

Principal Activity Description

Bolaget skall bedriva handel, såväl import som export, med läkemedel och därmed förenlig verksamhet.

Contact Address

Elis Nilssons väg 7, Hus 26, 27139 YSTAD

Contact Telephone Number

0411-66860

 

 

Activities

Activity Code

Activity Description

46460

Wholesale of pharmaceutical goods

 

Main Address

Address

Country

Telephone

Elis Nilssons väg 7, Hus 26, 27139 YSTAD

SWEDEN

0411-66860

 

Other Address

Address

Country

No other addresses for this company.

 

 

 

 

Email Addresses

No information for this company.

 

Web Pages

No information for this company.

 

 

Employee Information

Year

Number of Employees

2013

2

2012

1

2011

1

2010

1

2009

2

 

Advisors

Auditor Name

Ulf Strauss

 

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

09/07/2014

Annual account, new

04/07/2014

Annual report (PDF), new

21/03/2014

Group Structure Change

23/08/2013

Annual account, new

30/07/2013

Annual report (PDF), new

13/11/2012

Share capital, new issue

27/07/2012

Annual account, new

11/07/2012

Annual report (PDF), new

13/09/2011

Authorised signatories amended or new/amended vacancy text

13/09/2011

Company representatives, changed

13/09/2011

Board, changed

05/07/2011

Annual account, new

22/06/2011

Annual report (PDF), new

29/03/2011

Phone number, new

08/02/2011

Authorised signatories amended or new/amended vacancy text

08/02/2011

Board, changed

08/02/2011

Company representatives, changed

20/08/2010

Annual account, new

06/08/2010

Annual report (PDF), new

25/09/2009

Board, changed

25/09/2009

Company representatives, changed

18/09/2009

Authorised signatory, changed

18/09/2009

Board, changed

18/09/2009

Company representatives, changed

28/08/2009

Authorised signatory, changed

28/08/2009

Board, changed

28/08/2009

Company representatives, changed

20/08/2009

Company representatives, changed

20/08/2009

Authorised signatory, changed

20/08/2009

Board, changed

 

 

 

Share Capital Structure

Financial Information

NOTES & COMMENTS

 

N/a

 

 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.60.19

UK Pound

1

Rs.102.87

Euro

1

Rs.81.48

 

INFORMATION DETAILS

 

Analysis Done by :

RAS

 

 

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%)

 

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.