|
Report Date : |
12.06.2014 |
IDENTIFICATION DETAILS
|
Name : |
SECURA
SWEDEN AB |
|
|
|
|
Registered Office : |
S:t
Olofsgatan 33, 75330 Uppsala |
|
|
|
|
Country : |
Sweden |
|
|
|
|
Financials (as on) : |
2012 |
|
|
|
|
Date of Incorporation : |
11.07.1989 |
|
|
|
|
Com. Reg. No.: |
5563635746 |
|
|
|
|
Legal Form : |
Limited
liability company |
|
|
|
|
Line of Business : |
Manufacture
of office and shop furniture |
|
|
|
|
No. of Employees |
13 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
Payment Behaviour : |
Unknown |
|
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 |
SECURA SWEDEN AB |
|
Country |
SWEDEN |
|
Company
Registration Number |
5563635746 |
|
Main
Activity |
Manufacture
of office and shop furniture |
|
Activity
Code |
31011 |
|
Company
Status |
Reconstruction
declared |
|
Latest
Turnover Figure |
22.084.000 |
|
Latest
Shareholder Equity Figure |
765.000 |
|
|
|
|
Basic
Information |
|
|
Business
Name |
SECURA
SWEDEN AB |
|
Registered
Company Name |
SECURA
SWEDEN AB |
|
Company
Registration Number |
5563635746 |
|
Country |
SWEDEN |
|
VAT
Registration Number |
SE556363574601 |
|
Date
of Company Registration |
11/07/1989 |
|
Legal
Form |
Limited
liability company |
|
Company
Status |
Reconstruction
declared |
|
Currency
of this Report |
SEK |
|
Principal
Activity Description |
The
Company shall conduct production, gush sales and rental of fire and burglar
resistant landscape, agency and of sale of fire, burglary protected
landscape, archival landscape, compact archives and con |
|
Contact
Address |
S:t
Olofsgatan 33, 75330 UPPSALA |
|
Contact
Telephone Number |
018-349555 |
|
|
Activity
Description |
|
31011 |
Manufacture
of office and shop furniture |
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 |
22.107.000 |
22.514.000 |
20.484.000 |
|
Operating
Costs |
21.753.000 |
21.468.000 |
20.765.000 |
|
Operating
Profit |
354.000 |
1.046.000 |
-281.000 |
|
Wages
& Salaries |
-6.121.000 |
-6.376.000 |
-4.871.000 |
|
Depreciation |
-1.084.000 |
-1.108.000 |
-861.000 |
|
Financial
Income |
10.000 |
11.000 |
15.000 |
|
Financial
Expenses |
-939.000 |
-893.000 |
-709.000 |
|
Extraordinary
Income |
|
|
|
|
Extraordinary
Costs |
-939.000 |
-893.000 |
-709.000 |
|
Profit
before Tax |
-575.000 |
164.000 |
-974.000 |
|
Tax
- - - |
|||
|
Profit
after Tax |
-575.000 |
164.000 |
-974.000 |
|
Minority
Interests
- - - |
|||
|
Other
Appropriations |
|
|
|
|
Retained
Profit |
-575.000 |
164.000 |
-974.000 |
|
|
|||
Balance
Sheet
|
|||
|
Financial
Year |
2012 |
2011 |
2010 |
|
Number
of Weeks |
52 |
52 |
52 |
|
Currency |
SEK |
SEK |
SEK |
|
Consolidated
Accounts |
N |
N |
N |
|
Land
& Buildings |
0 |
2.595.000 |
0 |
|
Plant
& Machinery |
2.564.000 |
680.000 |
3.934.000 |
|
Other
Tangible Assets |
0 |
0 |
0 |
|
Total
Tangible Assets |
2.564.000 |
3.275.000 |
3.934.000 |
|
Goodwill |
0 |
0 |
0 |
|
Other
Intangible Assets |
1.014.000 |
1.212.000 |
1.689.000 |
|
Total
Intangible Assets |
1.014.000 |
1.212.000 |
1.689.000 |
|
Loans
To Group |
0 |
0 |
0 |
|
Other
Loans |
0 |
0 |
0 |
|
Miscellaneous
Fixed Assets |
0 |
0 |
0 |
|
Total
Other Fixed Assets |
0 |
0 |
0 |
|
TOTAL
FIXED ASSETS |
3.578.000 |
4.488.000 |
5.623.000 |
|
Work
In Progress |
0 |
0 |
0 |
|
Other
Inventories |
5.365.000 |
4.416.000 |
3.634.000 |
|
Total
Inventories |
5.365.000 |
4.416.000 |
3.634.000 |
|
Trade
Receivables |
3.731.000 |
3.158.000 |
2.589.000 |
|
Group
Receivables |
0 |
0 |
0 |
|
Miscellaneous
Receivables |
492.000 |
410.000 |
367.000 |
|
Total
Receivables |
4.223.000 |
3.568.000 |
2.956.000 |
|
Cash |
54.000 |
0 |
134.000 |
|
Other
Current Assets |
0 |
0 |
0 |
|
TOTAL
CURRENT ASSETS |
9.642.000 |
7.985.000 |
6.724.000 |
|
TOTAL
ASSETS |
13.221.000 |
12.472.000 |
12.348.000 |
|
Trade
Payables |
3.241.000 |
2.828.000 |
2.540.000 |
|
Bank
Liabilities |
4.925.000 |
4.095.000 |
3.544.000 |
|
Group
Payables |
0 |
0 |
0 |
|
Miscellaneous
Liabilities |
666.000 |
1.163.000 |
1.674.000 |
|
TOTAL
CURRENT LIABILITIES |
8.832.000 |
8.086.000 |
7.758.000 |
|
Bank
Liabilities Due After 1 Year |
3.624.000 |
3.046.000 |
3.333.000 |
|
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 |
80.000 |
|
TOTAL
LONG TERM LIABILITIES |
|
3.624.000 |
3.046.000 |
3.413.000 |
|
TOTAL
LIABILITIES |
12.456.000 |
11.132.000 |
11.171.000 |
|
|
Called
Up Share Capital |
|
600.000 |
600.000 |
600.000 |
|
Share
Premium |
0 |
0 |
0 |
|
|
Revenue
Reserves |
|
121.000 |
696.000 |
33.000 |
|
Other
Reserves |
44.000 |
44.000 |
544.000 |
|
|
TOTAL
SHAREHOLDERS EQUITY |
|
765.000 |
1.340.000 |
1.177.000 |
|
|
||||
|
Other
Financials |
||||
|
Contingent
Liabilities |
|
1.443.000 |
1.443.000 |
940.000 |
|
Working
Capital |
810.000 |
-101.000 |
-1.034.000 |
|
|
Net
Worth |
|
-249.000 |
128.000 |
-512.000 |
|
|
||||
Ratios
|
||||
|
Pre-Tax
Profit Margin |
|
-2.60
% |
0.73
% |
-4.75
% |
|
Return
On Capital Employed |
-2.61
% |
0.80
% |
-4.84
% |
|
|
Return
On Total Assets Employed |
|
-4.35
% |
1.31
% |
-7.89
% |
|
Return
On Net Assets Employed |
-75.16
% |
12.24
% |
-82.75
% |
|
|
Sales/Net
Working Capital |
|
27.29 |
-222.91 |
-19.81 |
|
Stock
Turnover Ratio |
24.27
% |
19.61
% |
17.74
% |
|
|
Debtor
Days |
|
61.60 |
51.20 |
46.13 |
|
Creditor
Days |
53.51 |
45.85 |
45.26 |
|
|
Current
Ratio |
|
1.09 |
0.99 |
0.87 |
|
Liquidity
Ratio/Acid Test |
0.48 |
0.44 |
0.40 |
|
|
Current
Debt Ratio |
|
11.55 |
6.03 |
6.59 |
|
Gearing |
1117.52
% |
532.91
% |
591.08
% |
|
|
Equity
In Percentage |
|
6.27
% |
11.90
% |
11.04
% |
|
Total
Debt Ratio |
16.28 |
8.31 |
9.49 |
|
|
Main
Address |
||
|
Address |
Country |
Telephone |
|
S:t
Olofsgatan 33, 75330 UPPSALA |
SWEDEN |
018-349555 |
|
Other
Address |
|
|
Address |
Country |
|
Tegelmastarvagen
19, 82143 |
SWEDEN |
Email
Addresses
Web
Pages
Issued
Share Capital 600.000
Group
Structure No group structure
for this company.
|
Name |
Appointment
Date |
Position |
|
|
Johan
Ola Nordstrom |
04/04/2012 |
Chairman
of Board |
|
|
Hans
Rickard Dahlstedt |
04/04/2012 |
Actual
Member of Board |
|
|
Gunilla
Maria Dahlstedt |
04/04/2012 |
Substitute |
|
|
|
|||
|
Previous
Directors |
|||
|
Name |
Appointment
Date |
Position |
Resignation
Date |
|
Kjell
Hans Roland Dahlstedt |
31/10/2003 |
Managing
Director |
|
|
Hans
Goran Johansson |
31/10/2003 |
Actual
Member of Board |
|
|
Alice
Birgitta Dahlstedt |
|
Substitute |
|
Christer Michael Palm
|
Employee
Information |
|
|
Year |
Number
of Employees |
|
2012 |
13 |
|
2011 |
14 |
|
2010 |
13 |
|
2009 |
16 |
|
2008 |
21 |
|
Registered
for FTax |
Yes |
|
Registered
for VAT |
Yes |
|
Registered
for Employee Tax |
Yes |
Activity
Code 31011
Activity
Description Manufacture of office
and shop furniture
Industry
Average Credit Rating 75 (1 - 100)
Industry
Average Credit Limit 416.000
Event
History
|
|
|
Event
Date |
Event
Description |
|
25/04/2014 |
Status,
changed |
|
08/04/2014 |
Company
representatives, changed |
|
08/04/2014 |
Authorised
signatories amended or new/amended vacancy text |
|
01/08/2013 |
Annual
account, new |
|
11/07/2013 |
Annual
report (PDF), new |
|
25/07/2012 |
Board,
changed |
|
25/07/2012 |
Company
representatives, changed |
|
04/06/2012 |
Annual
report (PDF), new |
|
31/05/2012 |
Annual
account, new |
|
05/04/2012 |
Company
representatives, changed |
|
05/04/2012 |
Authorised
signatories amended or new/amended vacancy text |
|
05/04/2012 |
Board,
changed |
|
12/11/2011 |
Board,
changed |
|
12/11/2011 |
Authorised
signatories amended or new/amended vacancy text |
|
12/11/2011 |
Company
representatives, changed |
|
17/08/2011 |
Annual
account, new |
|
03/08/2011 |
Annual
report (PDF), new |
|
21/10/2010 |
Authorised
signatories amended or new/amended vacancy text |
|
13/08/2010 |
Annual
account, new |
|
30/07/2010 |
Annual
report (PDF), new |
|
13/04/2010 |
Board,
changed |
|
13/04/2010 |
Address,
changed |
|
13/04/2010 |
Company
representatives, changed |
|
13/04/2010 |
Authorised
signatory, changed |
|
15/01/2010 |
Authorised
signatory, changed |
|
26/08/2009 |
Annual
account, new |
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 1
Number
of reclaimed/revoked applications -
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.59.33 |
|
|
1 |
Rs.99.42 |
|
Euro |
1 |
Rs.80.32 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
|
|
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.