|
Report Date : |
25.11.2014 |
IDENTIFICATION DETAILS
|
Name : |
TRANSMODE SYSTEMS AB |
|
|
|
|
Registered Office : |
|
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
2013 |
|
|
|
|
Date of Incorporation : |
07.03.2000 |
|
|
|
|
Com. Reg. No.: |
5565870028 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
·
Wholesale of telecommunications equipment and parts ·
Manufacture of communication equipment |
|
|
|
|
No of Employees : |
217 |
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 : |
Regular |
|
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) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
Aided by peace and neutrality
for the whole of the 20th century,
|
Source
: CIA |
|
Business Name |
Transmode
Systems AB |
|
Country |
|
|
Company
Registration Number |
5565870028 |
|
Main Activity |
Wholesale
of telecommunications equipment and parts |
|
Activity Code |
46522 |
|
Company Status |
Active |
|
Latest Turnover
Figure |
1.011.900.000 |
|
Latest
Shareholder Equity Figure |
304.100.000 |
|
|
|
Company
Information
|
|
|
|
|
|
Basic Information |
|
|
Business Name |
Transmode
Systems AB |
|
Registered
Company Name |
Transmode
Systems AB |
|
Company
Registration Number |
5565870028 |
|
Country |
|
|
VAT Registration
Number |
SE556587002801 |
|
Date of Company
Registration |
07/03/2000 |
|
Legal Form |
Limited
liability company |
|
Company Status |
Active |
|
Currency of this
Report |
SEK |
|
Principal
Activity Description |
The Company shall develop and manufacture products in fiber optics, telecommunications and dataelektronikomradet in their own companies or through subsidiaries, and undertaking related activities. |
|
Contact
Address |
Box
42114, 12614 Stockholm |
|
Contact
Telephone Number |
08-41088000 |
|
|
|
|
Activities |
|
|
|
Activity
Description |
|
46522 |
Wholesale
of telecommunications equipment and parts |
|
26300 |
Manufacture
of communication equipment |
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 |
1.012.500.000 |
1.011.100.000 |
917.700.000 |
|
Operating Costs |
892.500.000 |
870.500.000 |
757.400.000 |
|
Operating Profit |
120.000.000 |
140.600.000 |
160.300.000 |
|
Wages & Salaries |
-195.300.000 |
-189.200.000 |
-160.500.000 |
|
Depreciation |
-20.700.000 |
-19.600.000 |
-33.700.000 |
|
Financial Income |
5.300.000 |
5.300.000 |
4.100.000 |
|
Financial Expenses |
-2.700.000 |
-4.900.000 |
-4.900.000 |
|
Extraordinary Income |
|
|
|
|
Extraordinary Costs |
-2.700.000 |
-4.900.000 |
-4.900.000 |
|
Profit before Tax |
124.200.000 |
142.600.000 |
161.800.000 |
|
Tax |
-24.800.000 |
-23.300.000 |
-43.400.000 |
|
Profit after Tax |
99.400.000 |
119.300.000 |
118.400.000 |
|
Minority Interests
- - - |
|||
|
Other Appropriations |
-13.400.000 |
-53.000.000 |
|
|
Retained Profit |
86.000.000 |
66.300.000 |
118.400.000 |
|
|
|||
|
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 |
24.300.000 |
21.700.000 |
19.200.000 |
|
Total Tangible Assets |
24.300.000 |
21.700.000 |
19.200.000 |
|
Goodwill |
19.400.000 |
32.400.000 |
45.300.000 |
|
Other Intangible Assets |
4.400.000 |
0 |
39.700.000 |
|
Total Intangible Assets |
23.800.000 |
32.400.000 |
85.000.000 |
|
Loans To Group |
0 |
0 |
0 |
|
Other Loans |
0 |
0 |
0 |
|
Miscellaneous Fixed Assets |
8.100.000 |
5.000.000 |
1.700.000 |
|
Total Other Fixed Assets |
8.100.000 |
5.000.000 |
1.700.000 |
|
TOTAL FIXED ASSETS |
56.200.000 |
59.100.000 |
105.900.000 |
|
Work In Progress |
0 |
0 |
0 |
|
Other Inventories |
86.000.000 |
99.400.000 |
97.800.000 |
|
Total Inventories |
86.000.000 |
99.400.000 |
97.800.000 |
|
Trade Receivables |
181.300.000 |
149.700.000 |
166.400.000 |
|
Group Receivables |
0 |
19.300.000 |
0 |
|
Miscellaneous Receivables |
28.400.000 |
34.100.000 |
31.100.000 |
|
Total Receivables |
209.700.000 |
203.100.000 |
197.500.000 |
|
Cash |
317.000.000 |
233.700.000 |
188.700.000 |
|
Other Current Assets |
0 |
0 |
0 |
|
TOTAL CURRENT ASSETS |
612.700.000 |
536.200.000 |
484.000.000 |
|
TOTAL ASSETS |
668.900.000 |
595.300.000 |
589.900.000 |
|
Trade Payables |
101.300.000 |
95.400.000 |
105.400.000 |
|
Bank Liabilities |
0 |
0 |
0 |
|
Group Payables |
12.700.000 |
6.300.000 |
74.800.000 |
|
Miscellaneous Liabilities |
74.000.000 |
51.700.000 |
68.500.000 |
|
TOTAL CURRENT LIABILITIES |
188.000.000 |
153.400.000 |
248.700.000 |
|
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 |
80.100.000 |
75.800.000 |
12.100.000 |
|
TOTAL LONG TERM LIABILITIES |
|
176.800.000 |
171.500.000 |
107.800.000 |
|
TOTAL LIABILITIES |
364.800.000 |
324.900.000 |
356.500.000 |
|
|
Called Up Share Capital |
|
2.700.000 |
2.700.000 |
2.700.000 |
|
Share Premium |
1.800.000 |
1.800.000 |
1.800.000 |
|
|
Revenue Reserves |
|
210.900.000 |
177.200.000 |
188.400.000 |
|
Other Reserves |
88.700.000 |
88.700.000 |
40.500.000 |
|
|
TOTAL SHAREHOLDERS EQUITY |
|
304.100.000 |
270.400.000 |
233.400.000 |
|
|
||||
|
Other Financials |
||||
|
Contingent Liabilities |
|
0 |
0 |
0 |
|
Working Capital |
424.700.000 |
382.800.000 |
235.300.000 |
|
|
Net Worth |
|
280.300.000 |
238.000.000 |
148.400.000 |
|
|
||||
|
RATIOS |
||||
|
Pre-Tax Profit Margin |
|
12.27 % |
14.10 % |
17.63 % |
|
Return On Capital Employed |
14.49 % |
19.05 % |
19.29 % |
|
|
Return On Total Assets Employed |
|
18.57 % |
23.95 % |
27.43 % |
|
Return On Net Assets Employed |
40.84 % |
52.74 % |
69.32 % |
|
|
Sales/Net Working Capital |
|
2.38 |
2.64 |
3.90 |
|
Stock Turnover Ratio |
8.49 % |
9.83 % |
10.66 % |
|
|
Debtor Days |
|
65.36 |
54.04 |
66.18 |
|
Creditor Days |
36.52 |
34.44 |
41.92 |
|
|
Current Ratio |
|
3.26 |
3.50 |
1.95 |
|
Liquidity Ratio/Acid Test |
2.80 |
2.85 |
1.55 |
|
|
Current Debt Ratio |
|
0.62 |
0.57 |
1.07 |
|
Gearing |
31.80 % |
35.39 % |
41.00 % |
|
|
Equity In Percentage |
|
47.74 % |
48.47 % |
46.38 % |
|
Total Debt Ratio |
1.20 |
1.20 |
1.53 |
|
|
Main Address |
||
|
Address |
Country |
Telephone |
|
Box
42114, 12614 STOCKHOLM |
SWEDEN |
08-41088000 |
Other
Address
Address
Country No other addresses for this company.
Email
Addresses
No
information for this company.
Web
Pages
Share Capital Structure
Issued
Share Capital 2.749.979
|
Name |
Appointment Date |
Position |
|
|
Tom
Roland Nyman |
26/04/2013 |
Chairman
of Board |
|
|
Taylor,
Kevin Michael |
09/05/2012 |
Actual
Member of Board |
|
|
Tenzer,
Gerd Karl Heinz |
13/06/2008 |
Actual
Member of Board |
|
|
Thornton,
Roland Robert |
26/04/2013 |
Actual
Member of Board |
|
|
Axel
Bernhard Roos |
18/03/2011 |
Actual
Member of Board |
|
|
Helena
Marianne Nordman Knutsson |
26/04/2013 |
Actual
Member of Board |
|
|
Torbjorn
Jonny Nilsson |
15/06/2010 |
Actual
Member of Board |
|
|
|
|||
|
PREVIOUS
DIRECTORS |
|||
|
|
Appointment Date |
Position |
|
|
Eva
Maud Lindqvist |
15/06/2007 |
Actual
Member of Board |
|
|
Kent
Reinhold Sander |
29/04/2009 |
Actual
Member of Board |
|
|
Cornwell,
Simon Anthony Vivian |
31/10/2003 |
Foreign
Resident in the EEA |
|
|
Rogers,
Alex Arthur |
13/06/2008 |
Actual
Member of Board |
|
|
Brusson,
Nicolas Christian |
25/11/2010 |
Substitute |
|
|
Axel
Bernhard Roos |
16/09/2005 |
Substitute |
|
|
Burtis,
Patrick Richard |
15/06/2007 |
Substitute |
|
|
Karl
Andreas Thedeen |
15/06/2007 |
Actual
Member of Board |
|
|
Extended Group
Structure |
|||
|
Company Name |
Country |
Number |
Latest Annual
Accounts |
|
Transmode AB |
SE |
5565889101 |
31/12/2013 |
|
Transmode Systems
AB |
SE |
5565870028 |
31/12/2013 |
|
Transmode
(Uk) Limited |
GB |
04968653 |
31/12/2013 |
|
Transmode
Systems Asia Pte Ltd |
SG |
|
|
|
Transmode
Systems Canada Inc |
CA |
|
|
|
Transmode
Systems Germany GmbH |
DE |
HRB
88732 |
31/12/2011 |
|
Transmode Systems Inc |
US |
|
|
|
Transmode
Systems Italy S.R.L |
IT |
06189330969 |
31/12/2013 |
|
Employee
Information |
||
|
Year |
Number
of Employees |
|
|
2013 |
217 |
|
|
2012 |
|
209 |
|
2011 |
181 |
|
|
2010 |
|
152 |
|
2009 |
137 |
|
|
|
||
|
Advisors |
||
|
Auditor Name |
PricewaterhouseCoopers
AB |
|
|
|
||
Additional
Information
|
||
|
|
||
|
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. |
||
|
|
||
|
Industry
Comparison |
||
|
Activity Code |
|
46522 |
|
Activity
Description |
Wholesale
of telecommunications equipment and parts |
|
|
Industry Average Credit
Rating |
|
71
(1 - 100) |
|
Industry Average
Credit Limit |
446.000 |
|
|
|
||
Event
History
|
||
|
Event Date |
Event Description |
|
|
23/06/2014 |
Group
Structure Change |
|
|
16/06/2014 |
|
Group
Structure Change |
|
16/06/2014 |
Annual
account, new |
|
|
10/06/2014 |
|
Annual
report (PDF), new |
|
16/08/2013 |
Group
Structure Change |
|
|
01/07/2013 |
|
Annual
report (PDF), new |
|
17/06/2013 |
Group
Structure Change |
|
|
13/06/2013 |
|
Annual
account, new |
|
13/06/2013 |
Annual
report (PDF), new |
|
|
07/06/2013 |
|
Group
Structure Change |
|
27/04/2013 |
Company
representatives, changed |
|
|
27/04/2013 |
|
Authorised
signatories amended or new/amended vacancy text |
|
11/06/2012 |
Annual
account, new |
|
|
05/06/2012 |
|
Annual
report (PDF), new |
|
10/05/2012 |
Limit,
increase |
|
|
10/05/2012 |
|
Board,
changed |
|
10/05/2012 |
Company
representatives, changed |
|
|
10/05/2012 |
|
Authorised
signatories amended or new/amended vacancy text |
|
24/02/2012 |
Certificate,
registered |
|
|
07/02/2012 |
|
Certificate,
deregistered |
|
09/07/2011 |
Company
representatives, changed |
|
|
09/07/2011 |
|
Authorised
signatories amended or new/amended vacancy text |
|
09/07/2011 |
Board,
changed |
|
|
09/07/2011 |
|
Limit,
decrease |
|
08/06/2011 |
Annual
account, new |
|
|
25/05/2011 |
|
Annual
report (PDF), new |
|
25/05/2011 |
Board,
changed |
|
|
26/04/2011 |
|
Phone
number, changed |
|
26/04/2011 |
Fax
number, removed |
|
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.77 |
|
|
1 |
Rs.96.78 |
|
Euro |
1 |
Rs.76.59 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
TPT |
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.