|
Report Date : |
05.03.2014 |
IDENTIFICATION DETAILS
|
Name : |
ELOF HANSSON TRADE AB |
|
|
|
|
Registered Office : |
Första Långgatan 17, 413
80 Gothenburg |
|
|
|
|
Country : |
Sweden |
|
|
|
|
Financials (as on) : |
2012 |
|
|
|
|
Date of Incorporation : |
05.08.1963 |
|
|
|
|
Com. Reg. No.: |
5560885633 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
· Wholesaler of chemical products · Wholesaler of wood and other construction materials · Wholesaler of textiles |
|
|
|
|
No. of Employees |
75 (2012) |
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 – december 01, 2013
|
Country Name |
Previous Rating (30.09.2013) |
Current Rating (01.12.2013) |
|
Sweden |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
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 the strong rebound in 2010, which continued in 2011, but growth slipped to 1.2% in 2012. The government proposed stimulus measures in 2012 to curb the effects of a global economic slowdown and boost employment and growth.
Source : CIA
Business Name Elof Hansson Trade AB
Country SWEDEN
Company Registration Number 5560885633
Main Activity Wholesale
of other intermediate products n.e.c.
Activity Code 46769
Company Status Active
Latest Turnover Figure 3.680.280.000
Latest Shareholder Equity Figure 257.791.000
Basic Information
Business Name Elof
Hansson Trade AB
Registered Company Name Elof
Hansson Trade AB
Company Registration Number
5560885633
Country SWEDEN
VAT Registration Number SE556088563301
Date of Company Registration 05/08/1963
Legal Form Limited
Liability Company
Company Status Active
Currency of this Report SEK
Principal Activity Description Bolaget har till foremal for sin
verksamhet att driva handel, import och
export inom olika branscher, foretradesvis
cellulosa, papper, stal, travaror samt byggnadsmaterial, saval i fast rakning
som genom agenturer, forvaltning av fast ochlosegensom,
(The company has to subject to U.S. operations to trade, import and exports in various sectors, preferably cellulose, paper, index, wood products and building materials in both solid shave through agencies, management of solid and los egensom)
Contact Address Första Långgatan 17, 413 80 Gothenburg
Contact Telephone Number 031-856000
Activities
|
|
|
|
Activity Description |
|
46769 |
Wholesale of other
intermediate products n.e.c. |
|
46410 |
Wholesale of
textiles |
|
46699 |
Wholesale of other
machinery and equipment n.e.c. |
|
46750 |
Wholesale of
chemical products |
|
46731 |
Wholesale of wood
and other construction materials |
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 |
3.681.291.000 |
2.903.031.000 |
3.241.504.000 |
||||
|
Operating Costs |
3.649.961.000 |
2.861.759.000 |
3.249.912.000 |
||||
|
Operating Profit |
31.330.000 |
41.272.000 |
-8.408.000 |
||||
|
Wages &
Salaries |
-102.899.000 |
-116.360.000 |
-121.760.000 |
||||
|
Depreciation |
-5.725.000 |
-6.112.000 |
-6.280.000 |
||||
|
Financial Income |
8.638.000 |
12.497.000 |
9.259.000 |
||||
|
Financial Expenses |
-17.355.000 |
-13.122.000 |
-1.499.000 |
||||
|
Extraordinary
Income |
|
|
|
||||
|
Extraordinary Costs |
-17.355.000 |
-13.122.000 |
-1.499.000 |
||||
|
Profit before Tax |
22.613.000 |
43.647.000 |
15.415.000 |
||||
|
Tax |
-10.066.000 |
-13.423.000 |
-4.186.000 |
||||
|
Profit after Tax |
12.547.000 |
30.224.000 |
11.229.000 |
||||
|
Minority
Interests
- - - |
|||||||
|
Other
Appropriations |
1.510.000 |
1.420.000 |
8.244.000 |
||||
|
Retained Profit |
14.057.000 |
31.644.000 |
19.473.000 |
||||
|
|
|||||||
|
Balance Sheet |
|||||||
|
Financial Year |
2012 |
2011 |
2010 |
||||
|
Number of Weeks |
52 |
52 |
52 |
||||
|
Currency |
SEK |
SEK |
SEK |
||||
|
Consolidated
Accounts |
N |
N |
N |
||||
|
Land & Buildings |
12.555.000 |
2.798.000 |
2.921.000 |
||||
|
Plant &
Machinery |
0 |
0 |
0 |
||||
|
Other Tangible
Assets |
4.485.000 |
9.991.000 |
15.743.000 |
||||
|
Total Tangible
Assets |
17.040.000 |
12.789.000 |
18.664.000 |
||||
|
Goodwill |
0 |
0 |
0 |
||||
|
Other Intangible
Assets |
0 |
0 |
0 |
||||
|
Total Intangible
Assets |
0 |
0 |
0 |
||||
|
Loans To Group |
0 |
21.090.000 |
237.305.000 |
||||
|
Other Loans |
0 |
0 |
0 |
||||
|
Miscellaneous Fixed
Assets |
48.530.000 |
49.437.000 |
130.323.000 |
||||
|
Total Other Fixed
Assets |
48.530.000 |
70.527.000 |
367.628.000 |
||||
|
TOTAL FIXED ASSETS |
65.570.000 |
83.316.000 |
386.292.000 |
||||
|
Work In Progress |
0 |
0 |
0 |
||||
|
Other Inventories |
57.940.000 |
187.348.000 |
91.227.000 |
||||
|
Total Inventories |
57.940.000 |
187.348.000 |
91.227.000 |
||||
|
Trade Receivables |
553.840.000 |
448.285.000 |
477.442.000 |
||||
|
Group Receivables |
168.549.000 |
217.320.000 |
223.664.000 |
||||
|
Miscellaneous
Receivables |
20.271.000 |
16.405.000 |
57.199.000 |
||||
|
Total Receivables |
742.660.000 |
682.010.000 |
758.305.000 |
||||
|
Cash |
0 |
56.185.000 |
131.084.000 |
||||
|
Other Current
Assets |
0 |
0 |
40.000.000 |
||||
|
TOTAL CURRENT
ASSETS |
800.600.000 |
925.543.000 |
1.020.616.000 |
||||
|
TOTAL ASSETS |
866.170.000 |
1.008.859.000 |
1.406.908.000 |
||||
|
Trade Payables |
185.748.000 |
257.284.000 |
239.944.000 |
||||
|
Bank Liabilities |
2.536.000 |
0 |
0 |
||||
|
Group Payables |
37.756.000 |
6.713.000 |
6.821.000 |
||||
|
Miscellaneous
Liabilities |
118.686.000 |
108.300.000 |
140.994.000 |
||||
|
TOTAL CURRENT
LIABILITIES |
344.726.000 |
372.297.000 |
387.759.000 |
||||
|
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 |
53.160.000 |
54.670.000 |
56.090.000 |
||||
|
TOTAL LONG TERM
LIABILITIES |
|
263.653.000 |
310.187.000 |
69.701.000 |
|||
|
TOTAL LIABILITIES |
608.379.000 |
682.484.000 |
457.460.000 |
||||
|
Called Up Share
Capital |
|
75.000.000 |
75.000.000 |
75.000.000 |
|||
|
Share Premium |
0 |
0 |
0 |
||||
|
Revenue Reserves |
|
189.432.000 |
240.092.000 |
858.448.000 |
|||
|
Other Reserves |
-6.641.000 |
11.283.000 |
16.000.000 |
||||
|
TOTAL SHAREHOLDERS
EQUITY |
|
257.791.000 |
326.375.000 |
949.448.000 |
|||
|
|
|||||||
|
Other Financials |
|||||||
|
Contingent
Liabilities |
|
684.000 |
807.000 |
905.000 |
|||
|
Working Capital |
455.874.000 |
553.246.000 |
632.857.000 |
||||
|
Net Worth |
|
257.791.000 |
326.375.000 |
949.448.000 |
|||
|
|
|||||||
|
Ratios |
|||||||
|
Pre-Tax Profit
Margin |
|
0.61 % |
1.50 % |
0.48 % |
|||
|
Return On Capital
Employed |
1.87 % |
3.16 % |
0.86 % |
||||
|
Return On Total
Assets Employed |
|
2.61 % |
4.33 % |
1.10 % |
|||
|
Return On Net
Assets Employed |
8.77 % |
13.37 % |
1.62 % |
||||
|
Sales/Net Working
Capital |
|
8.08 |
5.25 |
5.12 |
|||
|
Stock Turnover
Ratio |
1.57 % |
6.45 % |
2.81 % |
||||
|
Debtor Days |
|
54.91 |
56.36 |
53.76 |
|||
|
Creditor Days |
18.42 |
32.35 |
27.02 |
||||
|
Current Ratio |
|
2.32 |
2.49 |
2.63 |
|||
|
Liquidity
Ratio/Acid Test |
2.15 |
1.98 |
2.40 |
||||
|
Current Debt Ratio |
|
1.34 |
1.14 |
0.41 |
|||
|
Gearing |
82.64 % |
78.29 % |
1.43 % |
||||
|
Equity In
Percentage |
|
31.53 % |
34.78 % |
91.36 % |
|||
|
Total Debt Ratio |
2.36 |
2.09 |
0.48 |
||||
|
Main Address |
||
|
Address |
Country |
Telephone |
|
Första Långgatan
17, 413 80 Gothenburg |
SWEDEN |
031-856000 |
Other Address
No other addresses for this
company.
Email Addresses
No information for this company.
Web Pages
No information for this company.
Issued Share Capital 75.000.000
Current Directors
|
Name |
Appointment Date |
Position |
|
Dyrbye, Tomas |
31/07/2013 |
Chairman of Board |
|
Jan Robert Sandberg |
11/04/2012 |
Actual Member of
Board |
|
Jacobsen, Finn
Tvede |
01/11/2003 |
Foreign Resident in
the EEA |
|
Jan Stefan Hellgren |
31/07/2013 |
Actual Member of
Board |
|
Per Stefan
Andersson Tilk |
13/02/2014 |
Actual Member of
Board |
Previous Directors
|
Name |
Appointment Date |
Position |
|
Anna Dubois |
23/12/2011 |
Actual Member of
Board |
|
Hans Gustaf Thomas
Pettersson |
01/11/2003 |
Chairman of Board |
|
Bjorn Petrusson |
06/09/2011 |
Managing Director |
|
Olle Hjalmar Peter
Linden |
02/05/2006 |
Actual Member of
Board |
Extended Group Structure
|
Company Name |
Country |
Number |
Latest Annual
Accounts |
|
Elof Hansson
Holding AB |
SE |
5560646977 |
31/12/2012 |
|
Elof Hansson Trade
AB |
SE |
5560885633 |
31/12/2012 |
|
U KOMMANDITBOLAGET
MOBERG a
CO |
SE |
|
|
|
HANDELSBOLAGET ELOF
HANSSON |
SE |
|
|
|
Elof Hansson
Singapore Private Ltd |
SG |
|
|
|
Elof Hansson K.K. |
JP |
|
|
|
Elof Hansson Pulp
& Paper Limited |
GB |
01892884 |
31/12/2012 |
|
Elof Hansson Inc |
US |
US45647481 |
|
|
The Torgun
Corporation |
US |
|
|
|
Elof Hansson De
Mexico S De Rl De |
MX |
|
|
|
Elof Hansson
(Asia/Pacific) Pty Ltd |
AU |
|
|
|
Elof Hansson
International AB |
SE |
5568353535 |
31/12/2012 |
|
Elof Hansson
Bygg-Gross Aktiebolag |
SE |
5560828922 |
31/12/2012 |
|
Traminuten AB |
SE |
5562770031 |
31/12/2012 |
|
Aktiebolaget
Hbgstrbms Tra |
SE |
5564036837 |
31/12/2011 |
|
j Traminuten i
Mariestad AB |
SE |
5564910791 |
31/12/2011 |
|
tii Traminuten i Uddevalla AB |
SE |
5565804910 |
31/12/2011 |
|
Traminuten i Tanum
Aktiebolag |
SE |
5562973213 |
31/12/2011 |
|
Traminuten i Kville
AB |
SE |
5560593344 |
31/12/2011 |
|
Elof Hansson
(India) Private Ltd |
IN |
|
|
|
Elof Hansson
Fastigheter AB |
SE |
5568742232 |
31/12/2012 |
|
Terrytown Resources
Lie |
US |
|
|
|
EH Masthugget 30:6
Fastighets AB |
SE |
5567619142 |
31/12/2012 |
|
EH Masthugget
Fastighets AB |
SE |
5562091289 |
31/12/2012 |
|
EH Stampen
Fastighets AB |
SE |
5568390818 |
31/12/2012 |
|
EH Nordmannerbd
Fastighets AB |
SE |
5560363516 |
31/12/2012 |
|
EH Hbkegarden
Fastighets AB |
SE |
5565505079 |
31/12/2012 |
|
EH Allestorp
Fastighets AB |
SE |
5568742158 |
31/12/2012 |
|
EH Frillesas
Fastighets AB |
SE |
5568742166 |
31/12/2012 |
|
EH Hammarsmedsgatan
Fastighets AB |
SE |
5568742190 |
31/12/2012 |
|
EH Bradan
Fastighets AB |
SE |
5568742182 |
31/12/2012 |
|
EH Sandholmsgatan
Fastighets AB |
SE |
5568742174 |
31/12/2012 |
|
Adexi A/S |
DK |
|
|
|
Adexi AB |
SE |
5567429542 |
31/12/2012 |
|
Hansson Ag |
DE |
|
|
|
Paper Testing
Instruments Gmbh |
DE |
|
|
|
FRANK-PTI GmbH |
DE |
HRB 41137 |
31/12/2012 |
|
Elof Hansson Ltda |
BR |
|
|
|
REC Indovent AB |
SE |
5560663360 |
31/12/2012 |
|
Uab Rec Baltic Vent |
LT |
|
|
|
REC Temovex AB |
SE |
5563063121 |
31/12/2012 |
|
Pinnau Holz GmbH |
DE |
HRB 39766 |
31/12/2012 |
|
Employee
Information |
||
|
Year |
Number of Employees |
|
|
2012 |
75 |
|
|
2011 |
|
98 |
|
2010 |
119 |
|
|
2009 |
|
130 |
|
2008 |
146 |
|
|
Advisors |
||
|
Auditor Name |
Ohrlings
PricewaterhouseCoopers AB |
|
|
|
||
Additional
Information
|
||
|
|
||
|
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 |
|
46769 |
|
Activity
Description |
Wholesale of other
intermediate products n.e.c. |
|
|
|
||
|
Event History |
||
|
Event Date |
Event Description |
|
|
14/02/2014 |
Company
representatives, changed |
|
|
14/02/2014 |
|
Authorised
signatories amended or new/amended vacancy text |
|
02/10/2013 |
Group Structure
Change |
|
|
12/09/2013 |
|
Group Structure
Change |
|
06/09/2013 |
Group Structure
Change |
|
|
12/08/2013 |
|
Group Structure
Change |
|
07/08/2013 |
Group Structure
Change |
|
|
06/08/2013 |
|
Group Structure
Change |
|
01/08/2013 |
Group Structure
Change |
|
|
01/08/2013 |
|
Authorised
signatories amended or new/amended vacancy text |
|
01/08/2013 |
Company
representatives, changed |
|
|
30/07/2013 |
|
Annual account, new |
|
16/07/2013 |
Group Structure
Change |
|
|
09/07/2013 |
|
Annual report
(PDF), new |
|
03/07/2013 |
Group Structure
Change |
|
|
17/06/2013 |
|
Group Structure
Change |
|
13/06/2013 |
Group Structure
Change |
|
|
04/06/2013 |
|
Certificate,
registered |
|
31/05/2013 |
Group Structure
Change |
|
|
07/05/2013 |
|
Certificate,
deregistered |
|
04/10/2012 |
Annual account, new |
|
|
27/09/2012 |
|
Company representatives,
changed |
|
27/09/2012 |
Authorised
signatories amended or new/amended vacancy text |
|
|
08/08/2012 |
|
Annual report
(PDF), new |
|
12/04/2012 |
Board, changed |
|
|
12/04/2012 |
|
Company
representatives, changed |
|
12/04/2012 |
Authorised
signatories amended or new/amended vacancy text |
|
|
12/04/2012 |
|
Limit, increase |
|
22/02/2012 |
Board, changed |
|
|
22/02/2012 |
Company
representatives, changed |
|
|
22/02/2012 |
Limit, decrease |
|
|
22/02/2012 |
Authorised
signatories amended or new/amended vacancy text |
|
|
24/12/2011 |
Authorised
signatories amended or new/amended vacancy text |
|
|
24/12/2011 |
Board, changed |
|
|
24/12/2011 |
Company
representatives, changed |
|
|
29/09/2011 |
Annual account,
changed |
|
|
27/09/2011 |
Group annual
accout, new |
|
|
27/09/2011 |
Annual account, new |
|
|
20/09/2011 |
Company business
activity, changed |
|
|
07/09/2011 |
Company
representatives, changed |
|
|
07/09/2011 |
Authorised
signatories amended or new/amended vacancy text |
|
|
07/09/2011 |
Board, changed |
|
|
16/08/2011 |
Annual report
(PDF), new |
|
|
15/04/2011 |
Company name,
changed (old name: Elof Hansson Aktiebolag) |
|
|
15/04/2011 |
Company business
activity, changed |
|
|
29/03/2011 |
Phone number, new |
|
|
29/03/2011 |
Fax number, new |
|
|
03/08/2010 |
Annual account, new |
|
|
28/07/2010 |
Company
representatives, changed |
|
|
28/07/2010 |
Authorised
signatory, changed |
|
|
28/07/2010 |
Board, changed |
|
|
15/07/2010 |
Annual report
(PDF), new |
|
|
13/01/2010 |
Merge information,
changed |
|
|
04/11/2009 |
Merge information,
changed |
|
|
05/08/2009 |
Annual account, new |
|
|
24/07/2009 |
Annual report
(PDF), new |
|
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.90 |
|
UK Pound |
1 |
Rs.103.26 |
|
Euro |
1 |
Rs.85.14 |
INFORMATION DETAILS
|
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.