MIRA INFORM REPORT
|
Report Date : |
03.11.2014 |
IDENTIFICATION DETAILS
|
Name : |
SKROTFRAG AKTIEBOLAG |
|
|
|
|
Registered Office : |
Box 11, 42421 Angered |
|
|
|
|
Country : |
Sweden |
|
|
|
|
Financials (as on) : |
2013 |
|
|
|
|
Date of Incorporation : |
02.03.1972 |
|
|
|
|
Com. Reg. No.: |
5561596759 |
|
|
|
|
Legal Form : |
Limited liability company |
|
|
|
|
Line of Business : |
·
Recovery of sorted materials ·
Wholesale of non-metal waste and scrap |
|
|
|
|
No. of Employees : |
89 |
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 – June 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
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 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 |
SKROTFRAG AKTIEBOLAG |
|
Country |
SWEDEN |
|
Company Registration Number |
5561596759 |
|
Main Activity |
Recovery of sorted materials |
|
Activity Code |
38320 |
|
Company Status |
Active |
|
Latest Turnover Figure |
433.349.000 |
|
Latest Shareholder Equity Figure |
184.707.000 |
DIRECTORS/MANAGEMENT
|
Current
Directors |
|||
|
Name |
Appointment Date |
Position |
|
|
Lars Paul Johansson |
29/09/2009 |
Actual Member of Board |
|
|
Rolf Åke Eddie Pettersson |
29/03/2012 |
Substitute |
|
|
Previous
Directors |
|||
|
Name |
Appointment Date |
Position |
Resignation Date |
|
Lars Göte Ingemar Johansson |
29/09/2009 |
Foreign Resident outside the EEA |
|
|
Rolf Åke Eddie Pettersson |
09/03/2010 |
Actual Member of Board |
|
|
Lars Paul Johansson |
09/03/2010 |
Chairman of Board |
|
|
Hans Emil Johansson |
29/09/2009 |
Actual Member of Board |
|
NEGATIVE
INFORMATION
No negative information found.
SHARE
& SHARE CAPITAL INFORMATION
|
Issued Share Capital |
500.000 |
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 |
2 |
|
Number of private claims |
- |
|
Number of applications for an order to pay |
- |
|
Number of reclaimed/revoked applications |
- |
GROUP
STRUCTURE & AFFILIATED COMPANIES
Extended Group Structure
|
Company Name |
Country |
Number |
Latest Annual Accounts |
|
|
SE |
5566648175 |
31/12/2013 |
|
|
SE |
5561596759 |
31/12/2013 |
|
|
SE |
5566617402 |
31/12/2013 |
|
|
SE |
5568216237 |
31/12/2013 |
|
|
SE |
5566545496 |
31/12/2013 |
|
|
SE |
5561601047 |
31/12/2013 |
|
|
SE |
5566514096 |
31/12/2013 |
|
|
SE |
5562730340 |
31/12/2013 |
|
|
SE |
||
|
|
SE |
5560578196 |
31/12/2013 |
|
|
SE |
||
|
|
SE |
||
|
|
SE |
5565347258 |
31/12/2013 |
|
|
GB |
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 |
434.950.000 |
445.587.000 |
415.765.000 |
|
Operating Costs |
419.052.000 |
433.584.000 |
384.233.000 |
|
Operating Profit |
15.898.000 |
12.003.000 |
31.532.000 |
|
Wages & Salaries |
-45.356.000 |
-31.713.000 |
-23.021.000 |
|
Depreciation |
-16.103.000 |
-14.614.000 |
-13.056.000 |
|
Financial Income |
72.000 |
342.000 |
3.442.000 |
|
Financial Expenses |
-957.000 |
-1.013.000 |
-3.502.000 |
|
Extraordinary Income |
- |
- |
- |
|
Extraordinary Costs |
-957.000 |
-1.013.000 |
-3.502.000 |
|
Profit before Tax |
18.444.000 |
11.671.000 |
37.347.000 |
|
Tax |
-4.861.000 |
-4.112.000 |
-9.762.000 |
|
Profit after Tax |
13.583.000 |
7.559.000 |
27.585.000 |
|
Minority Interests |
- |
- |
- |
|
Other Appropriations |
5.968.000 |
5.201.000 |
2.314.000 |
|
Retained Profit |
19.551.000 |
12.761.000 |
29.899.000 |
|
Balance Sheet |
|||
|
Financial Year |
2013 |
2012 |
2011 |
|
Number of Weeks |
52 |
52 |
52 |
|
Currency |
SEK |
SEK |
SEK |
|
Consolidated Accounts |
N |
N |
N |
|
Land & Buildings |
63.575.000 |
60.629.000 |
58.905.000 |
|
Plant & Machinery |
0 |
61.073.000 |
58.400.000 |
|
Other Tangible Assets |
72.886.000 |
5.604.000 |
1.825.000 |
|
Total Tangible Assets |
136.461.000 |
127.306.000 |
119.130.000 |
|
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 |
77.607.000 |
85.940.000 |
48.229.000 |
|
Total Other Fixed Assets |
77.607.000 |
85.940.000 |
48.229.000 |
|
TOTAL FIXED ASSETS |
214.068.000 |
213.246.000 |
167.358.000 |
|
Work In Progress |
0 |
0 |
0 |
|
Other Inventories |
66.078.000 |
46.937.000 |
40.970.000 |
|
Total Inventories |
66.078.000 |
46.937.000 |
40.970.000 |
|
Trade Receivables |
30.557.000 |
14.170.000 |
20.538.000 |
|
Group Receivables |
21.183.000 |
55.705.000 |
34.535.000 |
|
Miscellaneous Receivables |
14.579.000 |
10.159.000 |
12.133.000 |
|
Total Receivables |
66.319.000 |
80.034.000 |
67.206.000 |
|
Cash |
19.975.000 |
21.557.000 |
28.914.000 |
|
Other Current Assets |
0 |
0 |
0 |
|
TOTAL CURRENT ASSETS |
152.372.000 |
148.528.000 |
137.090.000 |
|
TOTAL ASSETS |
366.440.000 |
361.774.000 |
304.448.000 |
|
Trade Payables |
27.641.000 |
17.318.000 |
18.896.000 |
|
Bank Liabilities |
1.370.000 |
1.370.000 |
1.370.000 |
|
Group Payables |
39.433.000 |
55.000.000 |
19.691.000 |
|
Miscellaneous Liabilities |
30.621.000 |
20.344.000 |
13.616.000 |
|
TOTAL CURRENT LIABILITIES |
99.065.000 |
94.032.000 |
53.573.000 |
|
Bank Liabilities Due After 1 Year |
14.130.000 |
15.500.000 |
16.870.000 |
|
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 |
68.538.000 |
87.086.000 |
81.340.000 |
|
TOTAL LONG TERM LIABILITIES |
82.668.000 |
102.586.000 |
98.210.000 |
|
TOTAL LIABILITIES |
181.733.000 |
196.618.000 |
151.783.000 |
|
Called Up Share Capital |
500.000 |
500.000 |
500.000 |
|
Share Premium |
2.100.000 |
2.100.000 |
0 |
|
Revenue Reserves |
182.007.000 |
162.725.000 |
150.386.000 |
|
Other Reserves |
100.000 |
-169.000 |
1.779.000 |
|
TOTAL SHAREHOLDERS EQUITY |
184.707.000 |
165.156.000 |
152.665.000 |
|
Other Financials |
|||
|
Contingent Liabilities |
39.884.000 |
40.777.000 |
23.926.000 |
|
Working Capital |
53.307.000 |
54.496.000 |
83.517.000 |
|
Net Worth |
184.707.000 |
165.156.000 |
152.665.000 |
|
Ratios |
|||
|
Pre-Tax Profit Margin |
4.24 % |
2.62 % |
8.98 % |
|
Return On Capital Employed |
3.96 % |
2.56 % |
10.43 % |
|
Return On Total Assets Employed |
5.03 % |
3.23 % |
12.27 % |
|
Return On Net Assets Employed |
9.99 % |
7.07 % |
24.46 % |
|
Sales/Net Working Capital |
8.16 |
8.18 |
4.98 |
|
Stock Turnover Ratio |
15.19 % |
10.53 % |
9.85 % |
|
Debtor Days |
25.64 |
11.61 |
18.03 |
|
Creditor Days |
23.20 |
14.19 |
16.59 |
|
Current Ratio |
1.54 |
1.58 |
2.56 |
|
Liquidity Ratio/Acid Test |
0.87 |
1.08 |
1.79 |
|
Current Debt Ratio |
0.54 |
0.57 |
0.35 |
|
Gearing |
9.28 % |
18.80 % |
13.73 % |
|
Equity In Percentage |
63.95 % |
59.88 % |
59.58 % |
|
Total Debt Ratio |
0.98 |
1.19 |
0.99 |
FOREIGN
EXCHANGE RATES
N/a
ADDITIONAL
INFORMATION
|
Basic
Information |
|
|
Business Name |
Skrotfrag Aktiebolag |
|
Registered Company Name |
Skrotfrag Aktiebolag |
|
Company Registration Number |
5561596759 |
|
Country |
SWEDEN |
|
VAT Registration Number |
SE556159675901 |
|
Date of Company Registration |
02/03/1972 |
|
Legal Form |
Limited liability company |
|
Principal Activity Description |
The company shall trade in scrap and fragmentation, own and manage real
estate and securities, and related business. |
|
Contact Address |
Box 11, 42421 ANGERED |
|
Contact Telephone Number |
031-3323990 |
|
Activities |
|
|
Activity Code |
Activity Description |
|
38320 |
Recovery of sorted materials |
|
38110 |
Collection of non-hazardous waste |
|
46773 |
Wholesale of non-metal waste and scrap |
|
38311 |
Dismantling of car wrecks |
|
81100 |
Combined facilities support activities |
|
Main Address |
||
|
Address |
Country |
Telephone |
|
Box 11, 42421 ANGERED |
SWEDEN |
031-3323990 |
|
Other Address |
|
|
Address |
Country |
|
Hampes Väg 31, 44345 |
SWEDEN |
|
Klevåsvägen 5 C, 45155 |
SWEDEN |
|
Kommendantvägen 10, 60238 |
SWEDEN |
|
Krangatan 8, 44138 |
SWEDEN |
|
Mejselvägen 24, 54134 |
SWEDEN |
|
Målövägen 11, 56242 |
SWEDEN |
|
Naum 1, 53494 |
SWEDEN |
|
Plåtvägen 11, 44361 |
SWEDEN |
|
Tagenevägen 12, 42259 |
SWEDEN |
|
Verkstadsgatan 1, 33235 |
SWEDEN |
|
Tillfarten 6, 57293 |
SWEDEN |
|
Väg 57, 15336 |
SWEDEN |
|
Bangårdsvägen 13, 42836 |
SWEDEN |
|
Getängsvägen 10, 50468 |
SWEDEN |
|
Karlsnäsvägen 13, 52337 |
SWEDEN |
|
Broväg 30, 62141 |
SWEDEN |
|
Flottiljvägen 42, 39241 |
SWEDEN |
|
Email Addresses |
|
info@skrotfrag.se |
|
Web Pages |
|
www.skrotfrag.se |
|
Employee
Information |
|
|
Year |
Number of Employees |
|
2013 |
89 |
|
2012 |
60 |
|
2011 |
45 |
|
2010 |
36 |
|
2009 |
26 |
|
Advisors |
|
|
Auditor Name |
MAZARS SET Revisionsbyrå AB |
|
Tax
Registrations |
|
|
Registered for FTax |
Yes |
|
Registered for VAT |
Yes |
|
Registered for Employee Tax |
Yes |
|
Certificates |
||
|
Type |
Category |
Issuer |
|
No certificate information for this company. |
||
|
Event History |
|
|
Event Date |
Event Description |
|
27/06/2014 |
Group Structure Change |
|
20/06/2014 |
Group Structure Change |
|
17/06/2014 |
Group Structure Change |
|
16/06/2014 |
Group Structure Change |
|
13/06/2014 |
Group annual account, new |
|
13/06/2014 |
Annual account, new |
|
12/06/2014 |
Group Structure Change |
|
06/06/2014 |
Annual report (PDF), new |
|
17/12/2013 |
Company representatives, changed |
|
02/08/2013 |
Group Structure Change |
|
29/07/2013 |
Group Structure Change |
|
24/07/2013 |
Group Structure Change |
|
22/07/2013 |
Annual account, new |
|
22/07/2013 |
Group annual account, new |
|
03/07/2013 |
Annual report (PDF), new |
|
01/08/2012 |
Annual account, new |
|
01/08/2012 |
Group annual account, new |
|
12/07/2012 |
Annual report (PDF), new |
|
30/03/2012 |
Company representatives, changed |
|
30/03/2012 |
Board, changed |
|
30/03/2012 |
Authorised signatories amended or new/amended vacancy text |
|
04/01/2012 |
Place of residence, changed |
|
04/01/2012 |
Company business activity, changed |
|
17/11/2011 |
Address, changed |
|
13/09/2011 |
Address, changed |
|
07/09/2011 |
Group annual account, new |
|
07/09/2011 |
Annual account, new |
|
08/08/2011 |
Annual report (PDF), new |
|
11/09/2010 |
Board, changed |
|
11/09/2010 |
Company representatives, changed |
|
10/08/2010 |
Annual account, new |
|
30/07/2010 |
Annual report (PDF), new |
|
10/03/2010 |
Company representatives, changed |
|
10/03/2010 |
Board, changed |
|
10/03/2010 |
Authorised signatory, changed |
|
23/12/2009 |
Merge information, changed |
|
19/10/2009 |
Merge information, changed |
|
30/09/2009 |
Company representatives, changed |
|
30/09/2009 |
Authorised signatory, changed |
|
30/09/2009 |
Board, changed |
|
03/08/2009 |
Annual account, new |
|
28/07/2009 |
Annual report (PDF), new |
NOTES
& COMMENTS
N/a
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.41 |
|
|
1 |
Rs.98.06 |
|
Euro |
1 |
Rs.77.19 |
INFORMATION DETAILS
|
Report Prepared
by : |
SMN |
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.