MIRA INFORM REPORT

 

 

Report Date :

03.05.2014

 

IDENTIFICATION DETAILS

 

Name :

ATLAS COPCO ROCK DRILLS AKTIEBOLAG

 

 

Registered Office :

70191 Orebro

 

 

Country :

Sweden

 

 

Financials (as on) :

2012

 

 

Date of Incorporation :

27.03.1961

 

 

Com. Reg. No.:

5560779018

 

 

Legal Form :

Limited liability company

 

 

Line of Business :

Manufacture of machinery for mining, quarrying and construction

 

 

No. of Employees

1767

 

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 :

Good

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

Moderately Low Risk

 

B1

Moderate Risk

 

B2

Moderately 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

ATLAS COPCO ROCK DRILLS AKTIEBOLAG

Country

SWEDEN

Company Registration Number

5560779018

Main Activity

Manufacture of machinery for mining, quarrying and construction

Activity Code

28920

Company Status

Active

Latest Turnover Figure

12.838.475.000

Latest Shareholder Equity Figure

583.136.000

 

 

 

Company Information

 

 

Basic Information

Business Name

Atlas Copco Rock Drills Aktiebolag

Registered Company Name

Atlas Copco Rock Drills Aktiebolag

Company Registration Number

5560779018

Country

SWEDEN

VAT Registration Number

SE556077901801

Date of Company Registration

27/03/1961

Legal Form

Limited liability company

Company Status

Active

Currency of this Report

SEK

Principal Activity Description

Bolaget skall bedriva, direkt eller genom hel- eller delagda foretag, mekanisk verkstadsrorelse och utova annan darmed forenlig verksamhet.

Contact Address

, 70191 OREBRO

Contact Telephone Number

019-6707000

 

 

 

Activities

 

Activity Code

Activity Description

28920

Manufacture of machinery for mining, quarrying and construction

46769

Wholesale of other intermediate products n.e.c.

29102

Manufacture of trucks and other heavy motor vehicles

 


 

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

12.838.475.000

11.679.382.000

7.834.131.000

Operating Costs

9.015.863.000

7.978.645.000

5.544.035.000

Operating Profit

3.822.612.000

3.700.737.000

2.290.096.000

Wages & Salaries

 

 

 

Depreciation                                                                                                                                 -                                - -

Financial Income

13.106.000

14.283.000

2.517.000

Financial Expenses

-6.190.000

-1.933.000

-1.062.000

Extraordinary Income

 

 

 

Extraordinary Costs

-6.190.000

-1.933.000

-1.062.000

Profit before Tax

3.829.528.000

3.713.087.000

2.291.551.000

Tax

-1.012.879.000

-978.966.000

-608.738.000

Profit after Tax

2.816.649.000

2.734.121.000

1.682.813.000

Minority Interests                                                                                                                           -                                - -

Other Appropriations

10.472.000

4.373.000

19.888.000

Retained Profit

2.827.122.000

2.738.494.000

1.702.701.000

 

Balance Sheet

Financial Year

2012

2011

2010

Number of Weeks

52

52

52

Currency

SEK

SEK

SEK

Consolidated Accounts

N

N

N

Land & Buildings

157.137.000

163.652.000

164.104.000

Plant & Machinery

60.010.000

73.781.000

87.224.000

Other Tangible Assets

332.737.000

272.749.000

298.180.000

Total Tangible Assets

549.884.000

510.182.000

549.508.000

Goodwill

3.330.000

4.356.000

0

Other Intangible Assets

42.901.000

40.565.000

46.399.000

Total Intangible Assets

46.231.000

44.921.000

46.399.000

Loans To Group

0

0

0

Other Loans

0

0

0

Miscellaneous Fixed Assets

4.181.000

5.795.000

6.698.000

Total Other Fixed Assets

4.181.000

5.795.000

6.698.000

TOTAL FIXED ASSETS

600.297.000

560.898.000

602.607.000

Work In Progress

0

0

0

Other Inventories

1.565.882.000

1.846.546.000

1.420.279.000

Total Inventories

1.565.882.000

1.846.546.000

1.420.279.000

Trade Receivables

327.033.000

360.449.000

213.938.000

Group Receivables

1.800.918.000

1.656.616.000

1.262.265.000

Miscellaneous Receivables

223.183.000

172.519.000

187.821.000

Total Receivables

2.351.134.000

2.189.584.000

1.664.024.000

Cash

2.042.074.000

2.431.964.000

1.190.065.000

Other Current Assets

0

0

0

TOTAL CURRENT ASSETS

5.959.091.000

6.468.094.000

4.274.368.000

TOTAL ASSETS

6.559.388.000

7.028.992.000

4.876.974.000

Trade Payables

1.580.237.000

1.913.140.000

1.529.439.000

Bank Liabilities

0

0

0

Group Payables

3.949.208.000

4.063.276.000

2.365.030.000

Miscellaneous Liabilities

252.229.000

269.010.000

193.160.000

TOTAL CURRENT LIABILITIES

5.781.674.000

6.245.426.000

4.087.629.000

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

194.578.000

204.013.000

219.241.000

 

 

TOTAL LONG TERM LIABILITIES

194.578.000

204.013.000

219.241.000

TOTAL LIABILITIES

5.976.252.000

6.449.439.000

4.306.870.000

Called Up Share Capital

100.000.000

100.000.000

100.000.000

Share Premium

0

0

0

Revenue Reserves

448.136.000

3.173.597.000

2.121.824.000

Other Reserves

35.000.000

-2.694.044.000

-1.651.720.000

TOTAL SHAREHOLDERS EQUITY

583.136.000

579.553.000

570.104.000

 

Other Financials

Contingent Liabilities

4.166.000

319.000

3.337.000

Working Capital

177.417.000

222.668.000

186.739.000

Net Worth

536.905.000

534.632.000

523.705.000

 

Ratios

Pre-Tax Profit Margin

29.83 %

31.79 %

29.25 %

Return On Capital Employed

31.03 %

27.97 %

25.56 %

Return On Total Assets Employed

58.38 %

52.83 %

46.99 %

Return On Net Assets Employed

656.71 %

640.68 %

401.95 %

Sales/Net Working Capital

72.36

52.45

41.95

Stock Turnover Ratio

12.20 %

15.81 %

18.13 %

Debtor Days

9.30

11.26

9.97

Creditor Days

44.93

59.79

71.26

Current Ratio

1.03

1.04

1.05

Liquidity Ratio/Acid Test

0.76

0.74

0.70

Current Debt Ratio

9.91

10.78

7.17

Gearing

 

 

 

Equity In Percentage

8.96 %

8.31 %

11.82 %

Total Debt Ratio

10.25

11.13

7.55

 


 

Contact Information

 

Main Address

Address

Country

Telephone

, 70191 OREBRO

SWEDEN

019-6707000

 

Other Address

Address

Country

Gallerstavagen 117, 70221

SWEDEN

Tackjarnsgatan 8, 70363

SWEDEN

 

 

 

Email Addresses

rde@se.atlascopco.com

 

Web Pages

No information for this company

 

Share Capital Structure

Issued Share Capital 100.000.000

 

 

Directors/Managers

 

Name

Appointment Date

Position

 

Johan Alexander Halling

29/10/2013

Actual Member of Board

 

Eva Kristina Margaretha Kanestad

11/03/2008

Actual Member of Board

Joel Scott Barker

10/04/2012

Actual Member of Board

 

Kjell Ake Pettersson

11/03/2008

Actual Member of Board

Ulf Ragnar Strom

17/06/2010

Actual Member of Board

 

Erik Daniel Rundgren

17/06/2010

Substitute

 

Previous Directors

Name

Appointment Date

Position

Resignation Date

Robert Frank Fassl

03/09/2012

Foreign Resident outside the EEA

 

Joel Scott Barker

10/04/2012

Managing Director

Jakobus Daniel Malan

06/07/2009

Actual Member of Board

 

Afsane Jafari

31/10/2011

Substitute

Bjorn Klas Otto Rosengren

05/09/2011

Foreign Resident in the EEA

 

Joseph Khalil Saliba

27/05/2009

Substitute

Johan Lars-Erik Soting

03/10/2005

Actual Member of Board

 

Ulf Ragnar Strom

03/10/2005

Substitute

Lars Patrik Nolaker

21/11/2008

External Signatory

 

Nils Roger Sandstrom

21/11/2008

Actual Member of Board

Marthen Ingemar Elgenklow

03/10/2005

Substitute

 

 

 

Company Name

Country

Number

Latest Annual Accounts

Atlas Copco Aktiebolag

SE

5560142720

31/12/2012

Agre Kompressoren Gmbh

AT

 

 

Atlas Copco (India)

IN

11-20566

31/12/2009

Atlas Copco (Ireland) Ltd

IE

 

 

.  . Atlas Copco (Malaysia) Sdn Bhd

MY

 

 

Atlas Copco (Philippines) Inc

PH

 

 

. Atlas Copco (Schweiz) Ag

CH

 

 

Atlas Copco (South-East Asia) Ltd

SG

 

 

11 j Atlas Copco As

NO

910324381

31/12/2012

Atlas Copco Airpower NV

BE

403992231

31/12/2012

Atlas Copco Argentina Saci

AR

 

 

Atlas Copco Beheer B. V.

NL

230481060000

31/12/2012

.  , Atlas Copco Brasil Ltda

BR

 

 

 Atlas Copco Chilena Sac

CL

 

 

Atlas Copco CMT Sweden Aktiebolag

SE

5561001453

31/12/2012

LD Atlas Copco Compressor Aktiebolag

SE

5561552794

31/12/2012

Atlas Copco Construction Tools AB

SE

5560697228

31/12/2012

Atlas Copco Craelius AB

SE

5560412149

31/12/2012

Atlas Copco Dvnapac AB

SE

5566550413

31/12/2012

Dynapac AB

SE

5566550421

31/12/2012

lAtlas Copco Eastern Africa Ltd

CF

 

 

 Atlas Copco France Holding

FR

678200569

31/12/2012

 Atlas Copco Ges Mbh

AT

 

 

 Atlas Copco Holding GmbH

DE

HRB 7550

31/12/2012

j Atlas Copco Iran Aktiebolag

SE

5561552760

31/12/2012

Atlas Copco Jarla Holding Aktiebolag

SE

5560620212

31/12/2012

Atlas Copco Finance Belgium BVBA

BE

821054421

31/12/2012

 Atlas Copco Kk

JP

 

 

.  . Atlas Copco Kompressorteknik A/S

DK

 

 

 Atlas Copco Lugnet Treasury Aktiebolag

SE

5562779537

31/12/2012

 Atlas Copco Customer Finance Aktiebolag

SE

5561099150

31/12/2012

 Atlas Copco Mai Gmbh

DE

 

 

.  , Atlas Copco Maroc Sa

MA

 

 

LD Atlas Copco Reinsurance S.A.

LU

B22344

31/12/2012

.  . Atlas Copco Rock Drills Aktiebolag

SE

5560779018

31/12/2012

 Atlas Copco Secoroc Aktiebolag

SE

5560019019

31/12/2012

 Atlas Copco Services Middle East Omc

KW

 

 

Atlas Copco Sickla Holding Aktiebolag

SE

5563095255

31/12/2012

Atlas Copco Customer Finance Chile Ltd

CL

 

 

Atlas Copco Bukina Faso Sari

ZA

 

 

.  . Atlas Copco Afrique Centrale Sa

CM

 

 

Atlas Copco Sari

ZA

 

 

.  . Atlas Copco

PA

 

 

Atlas Copco Baltic Sia

LV

 

 

Atlas Copco Central Americas Sa

PA

 

 

Atlas Copco Customer Finance Australia Pty Ltd

AU

 

 

Atlas Copco Lebanon

LB

 

 

 

Atlas Copco Mali Sari

ML

 

 

Atlas Copco Tanzania Ltd

TZ

 

 

Atlas Copco Industrial Technique Aktiebolag

SE

5560449893

31/12/2012

Atlas Copco Uk Holdings Limited

GB

01194804

31/12/2012

Atlas Copco Usa Holdings Inc

US

 

 

Atlas Copco Venezuela Sa

VE

 

 

l'j CP Scanrotor Aktiebolag

SE

5561030080

31/12/2012

Dvnapac Nordic AB

SE

5566533658

31/12/2012

Servatechnik Ag

CH

 

 

 Soc.Atlas Copco De Portugal Lda

PT

 

 

Atlas Copco GIAAB

SE

5560400870

31/12/2012

 GazconA/S

DK

 

 

 Dynapac Compaction Equipment AB

SE

5560686577

31/12/2012

Dynapac International AB

SE

5563388130

31/12/2012

SFRSTG 1626 KOMMANDITBOLAG

SE

 

 

Dynapac Brasil Industria E Comercio Ltd

BR

 

 

Chicago Pneumatic Construction Equipment AB

SE

5561975375

31/12/2012

Econus Sa

UY

 

 

. j Industria Fbrsakringsaktiebolag

SE

5164017930

 

Ov Atlas Copco Ab

FI

366541

31/12/2012

Aktiebolaget Sicklahus

SE

5560492596

31/12/2012

 Hvdrex Aktiebolag

SE

5560722539

31/12/2012

Terratest Aktiebolag

SE

5560838988

31/12/2012

Atlas Copco Airpower Svenska Aktiebolag

SE

5561136820

31/12/2012

 Hamrin Adsorptions- & Filterteknik Aktiebolag

SE

5561454017

31/12/2012

Atlas Copco Construction and Mining Export Aktiebolag

SE

5563957793

31/12/2012

Atlas Copco Nacka Holding Aktiebolag

SE

5563977452

31/12/2012

BIAB Trvckluft Aktiebolag

SE

5564391208

31/12/2012

 

 

2012

 

2011

1546

 

 

2010

 

2009

1263

 

 

2008

 

Auditor Name

 

 

 

Additional Information

 

Registered for FTax

 

Yes

Registered for VAT

 

Yes

Registered for Employee Tax

 

Yes

 

Activity Code    28920

Activity Description      Manufacture of machinery for mining, quarrying and construction

Industry Average Credit Rating 77 (1 - 100)

Industry Average Credit Limit   2.774.000

 

 

Event History

Event Date

Event Description

30/10/2013

Authorised signatories amended or new/amended vacancy text

30/10/2013

Company representatives, changed

14/10/2013

Group Structure Change

01/10/2013

Group Structure Change

27/09/2013

Group Structure Change

24/09/2013

Group Structure Change

05/09/2013

Group Structure Change

28/08/2013

Group Structure Change

27/08/2013

Group Structure Change

15/08/2013

Group Structure Change

29/07/2013

Group Structure Change

25/07/2013

Group Structure Change

22/07/2013

Group Structure Change

17/07/2013

Group Structure Change

11/07/2013

Group Structure Change

09/07/2013

Annual account, new

27/06/2013

Annual report (PDF), new

18/06/2013

Group Structure Change

14/06/2013

Group Structure Change

07/06/2013

Group Structure Change

20/05/2013

Group Structure Change

24/10/2012

Authorised signatories amended or new/amended vacancy text

24/10/2012

Company representatives, changed

09/10/2012

Annual account, new

02/10/2012

Certificate, registered

04/09/2012

Company representatives, changed

04/09/2012

Authorised signatories amended or new/amended vacancy text

08/08/2012

Annual report (PDF), new

19/07/2012

Board, changed

03/07/2012

Certificate, deregistered

11/04/2012

Authorised signatories amended or new/amended vacancy text

11/04/2012

Company representatives, changed

11/04/2012

Board, changed

01/11/2011

Authorised signatories amended or new/amended vacancy text

01/11/2011

Company representatives, changed

01/11/2011

Board, changed

29/09/2011

Annual account, new

06/09/2011

Authorised signatories amended or new/amended vacancy text

06/09/2011

Certificate, registered

06/09/2011

Board, changed

06/09/2011

Company representatives, changed

17/08/2011

Annual report (PDF), new

 

 

16/08/2011

Company representatives, changed

16/08/2011

Board, changed

16/08/2011

Authorised signatories amended or new/amended vacancy text

29/03/2011

Phone number, new

29/03/2011

Fax number, new

06/12/2010

Certificate, registered

19/10/2010

Company representatives, changed

19/10/2010

Authorised signatories amended or new/amended vacancy text

19/10/2010

Board, changed

22/09/2010

Company representatives, changed

22/09/2010

Board, changed

16/07/2010

Annual account, new

05/07/2010

Annual report (PDF), new

18/06/2010

Board, changed

18/06/2010

Company representatives, changed

18/06/2010

Authorised signatory, changed

11/08/2009

Board, changed

09/07/2009

Annual account, new

07/07/2009

Authorised signatory, changed

07/07/2009

Board, changed

07/07/2009

Company representatives, changed

01/07/2009

Annual report (PDF), new

28/05/2009

Authorised signatory, changed

28/05/2009

Company representatives, changed

28/05/2009

Board, changed

 

 

Negative 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

2

Number of applications for an order to pay

1

Number of reclaimed/revoked applications

20

 

 

Latest Private Claim

 

Date

13/03/2014

Amount

46.888 SEK

Creditor

Dustin Aktiebolag

Comments

Descision reopen on court: 2014-03-21

 

 


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.60.23

UK Pound

1

Rs.101.68

Euro

1

Rs.83.46

 

INFORMATION DETAILS

 

Report Prepared by :

NNA

 

               

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.