MIRA INFORM REPORT
|
Report Date : |
11.10.2014 |
IDENTIFICATION DETAILS
|
Name : |
PROXIMION AB |
|
|
|
|
Registered Office : |
Skalholtsgatan 10, 16440 Kista |
|
|
|
|
Country : |
Sweden |
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
18.12.2012 |
|
|
|
|
Com. Reg. No.: |
5569157323 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
The company
will develop, manufacture and sell fiber optic components, instruments and systems,
and conduct related business. |
|
|
|
|
No of Employees : |
21 |
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
Company Summary
|
Business
Name |
PROXIMION
AB |
|
Country |
SWEDEN |
|
Company
Registration Number |
5569157323 |
|
Main
Activity |
Manufacture
of optical instruments and photographic equipment |
|
Activity
Code |
26700 |
|
Company
Status |
Active |
|
Latest Turnover
Figure |
43.457.000
|
|
Latest
Shareholder Equity Figure |
15.752.000
|
|
Basic Information |
|
|
Business
Name |
Proximion
AB |
|
Registered
Company Name |
Proximion
AB |
|
Company
Registration Number |
5569157323 |
|
Country |
SWEDEN |
|
VAT Registration
Number |
SE556915732301 |
|
Date of
Company Registration |
18/12/2012 |
|
Legal
Form |
Limited
liability company |
|
Company
Status |
Active |
|
Currency
of this Report |
SEK |
|
Principal
Activity Description |
The company will develop, manufacture and sell fiber
optic components, instruments and systems, and conduct related business. |
|
Contact
Address |
Skalholtsgatan
10, 16440 KISTA |
|
Contact
Telephone Number |
08-7504888 |
DIRECTORS/MANAGEMENT
|
Current Directors |
|||
|
Name |
Appointment Date |
Position |
|
|
Henrik Olov Larsson Lyon |
09/09/2014 |
Actual Member of Board |
|
|
Göran Bertil Nordlund |
09/09/2014 |
Substitute |
|
|
Previous Directors |
|||
|
Name |
Appointment Date |
Position |
Resignation Date |
|
Shahram Rahi |
23/01/2013 |
Actual Member of Board |
|
|
Martin Åberg |
23/01/2013 |
Actual Member of Board |
|
|
Karin Helena Dahllöf |
23/01/2013 |
Substitute |
|
|
Lena Irene Larsson |
18/12/2012 |
Actual Member of Board |
|
|
Sven Adam Dahl |
18/12/2012 |
Substitute |
|
|
Eva Louise Birgitta Forsell |
18/12/2012 |
Substitute |
|
|
Elsa Ingalill Hägglund |
18/12/2012 |
Substitute |
|
|
Ruth Kerstin Ann-Christine Stenholm |
18/12/2012 |
Substitute |
|
NEGATIVE
INFORMATION
No negative
information found.
SHARE
& SHARE CAPITAL INFORMATION
|
Issued Share Capital |
58.058 |
PAYMENT
INFORMATION
|
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 |
- |
|
Number of reclaimed/revoked applications |
- |
GROUP
STRUCTURE & AFFILIATED COMPANIES
|
Extended
Group Structure |
||||
|
Company
Name |
Country |
Number |
Latest
Annual Accounts |
|
|
SE |
5569157331 |
31/12/2013 |
|
|
|
SE |
5569157323 |
31/12/2013 |
|
|
FINANCIAL
INFORMATION
|
Profit and Loss |
|
|
Financial Year |
2013 |
|
Number of
Weeks |
56 |
|
Currency |
SEK |
|
Consolidated
Accounts |
N |
|
Revenue |
43.791.000 |
|
Operating
Costs |
28.391.000 |
|
Operating
Profit |
15.400.000 |
|
Wages
& Salaries |
-12.796.000 |
|
Depreciation |
-340.000 |
|
Financial
Income |
1.046.000 |
|
Financial
Expenses |
-187.000 |
|
Extraordinary
Income |
- |
|
Extraordinary
Costs |
-187.000 |
|
Profit
before Tax |
16.259.000 |
|
Tax |
-3.179.000 |
|
Profit after
Tax |
13.080.000 |
|
Minority
Interests |
- |
|
Other
Appropriations |
-4.219.000 |
|
Retained
Profit |
8.861.000 |
|
Balance Sheet |
|
|
Financial Year |
2013 |
|
Number of
Weeks |
56 |
|
Currency |
SEK |
|
Consolidated
Accounts |
N |
|
Land
& Buildings |
0 |
|
Plant
& Machinery |
1.200.000 |
|
Other
Tangible Assets |
0 |
|
Total
Tangible Assets |
1.200.000 |
|
Goodwill |
0 |
|
Other
Intangible Assets |
160.000 |
|
Total
Intangible Assets |
160.000 |
|
Loans To
Group |
0 |
|
Other
Loans |
0 |
|
Miscellaneous
Fixed Assets |
20.000 |
|
Total
Other Fixed Assets |
20.000 |
|
TOTAL
FIXED ASSETS |
1.380.000 |
|
Work In
Progress |
0 |
|
Other
Inventories |
4.495.000 |
|
Total
Inventories |
4.495.000 |
|
Trade
Receivables |
3.144.000 |
|
Group
Receivables |
0 |
|
Miscellaneous
Receivables |
1.203.000 |
|
Total
Receivables |
4.347.000 |
|
Cash |
15.785.000 |
|
Other
Current Assets |
0 |
|
TOTAL
CURRENT ASSETS |
24.627.000 |
|
TOTAL
ASSETS |
26.007.000 |
|
Trade
Payables |
1.131.000 |
|
Bank
Liabilities |
0 |
|
Group Payables |
0 |
|
Miscellaneous
Liabilities |
4.818.000 |
|
TOTAL
CURRENT LIABILITIES |
5.949.000 |
|
Bank
Liabilities Due After 1 Year |
0 |
|
Other
Loans Or Finance Due After 1 Year |
0 |
|
Group
Payables After 1 Year |
0 |
|
Miscellaneous
Liabilities Due After 1 Year |
4.306.000 |
|
TOTAL
LONG TERM LIABILITIES |
4.306.000 |
|
TOTAL
LIABILITIES |
10.255.000 |
|
Called Up
Share Capital |
58.000 |
|
Share
Premium |
783.000 |
|
Revenue
Reserves |
14.911.000 |
|
Other
Reserves |
0 |
|
TOTAL SHAREHOLDERS
EQUITY |
15.752.000 |
|
Other
Financials |
|
|
Contingent
Liabilities |
0 |
|
Working
Capital |
18.678.000 |
|
Net Worth |
15.592.000 |
|
Ratios |
|
|
Pre-Tax
Profit Margin |
37.13 % |
|
Return On
Capital Employed |
50.88 % |
|
Return On
Total Assets Employed |
62.52 % |
|
Return On
Net Assets Employed |
103.22 % |
|
Sales/Net
Working Capital |
2.34 |
|
Stock
Turnover Ratio |
10.26 % |
|
Debtor
Days |
26.21 |
|
Creditor
Days |
9.43 |
|
Current
Ratio |
4.14 |
|
Liquidity
Ratio/Acid Test |
3.38 |
|
Current
Debt Ratio |
0.38 |
|
Gearing |
|
|
Equity In
Percentage |
60.99 % |
|
Total
Debt Ratio |
0.65 |
FOREIGN
EXCHANGE RATES
N/a
ADDITIONAL
INFORMATION
|
Activities |
|
|
Activity Code |
Activity Description |
|
26700 |
Manufacture of optical instruments and photographic equipment |
|
Main Address |
||
|
Address |
Country |
Telephone |
|
Skalholtsgatan 10, 16440 KISTA |
SWEDEN |
08-7504888 |
|
Other Address |
|
|
Address |
Country |
|
No other addresses for this company. |
|
|
Email Addresses |
|
No information for this company. |
|
Web Pages |
|
No information for this company. |
|
Employee Information |
|
|
Year |
Number of Employees |
|
2013 |
21 |
|
Advisors |
|
|
Auditor Name |
Öhrlings PricewaterhouseCoopers 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. |
||
|
Industry
Comparison |
|
|
Activity Code |
26700 |
|
Activity Description |
Manufacture of optical instruments and photographic equipment |
|
Industry Average Credit Rating |
76 (1 - 100) |
|
Industry Average Credit Limit |
1.083.000 |
|
Event History |
|
|
Event Date |
Event Description |
|
10/09/2014 |
Authorised signatories amended or new/amended vacancy text |
|
10/09/2014 |
Company representatives, changed |
|
10/09/2014 |
Company business activity, changed |
|
10/09/2014 |
Address, changed |
|
21/08/2014 |
Group Structure Change |
|
01/08/2014 |
Annual account, new |
|
01/08/2014 |
Limit, increase |
|
28/07/2014 |
Annual report (PDF), new |
|
15/07/2014 |
Company business activity, changed |
|
13/11/2013 |
Certificate, registered |
|
13/09/2013 |
Company representatives, changed |
|
13/09/2013 |
Authorised signatories amended or new/amended vacancy text |
|
20/04/2013 |
Share capital, new issue |
|
20/04/2013 |
Company business activity, changed |
|
26/03/2013 |
Share capital, new issue |
|
26/02/2013 |
Phone number, changed |
|
20/02/2013 |
PAYE registered |
|
12/02/2013 |
Phone number, changed |
|
24/01/2013 |
Employment tax, changed |
|
24/01/2013 |
Status, changed |
|
24/01/2013 |
Authorised signatories amended or new/amended vacancy text |
|
24/01/2013 |
Address, changed |
|
24/01/2013 |
Company business activity, changed |
|
24/01/2013 |
Company name, changed (old name: Visionsbolaget 7020 AB) |
|
24/01/2013 |
Company representatives, changed |
|
24/01/2013 |
VAT, changed |
|
24/01/2013 |
Company tax, changed |
|
15/01/2013 |
Phone number, new |
|
19/12/2012 |
Share capital, new |
|
19/12/2012 |
Authorised signatories amended or new/amended vacancy text |
|
19/12/2012 |
Company representatives, changed |
|
19/12/2012 |
Address, changed |
|
19/12/2012 |
Status, changed |
|
19/12/2012 |
Company business activity, changed |
|
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 |
- |
NOTES
& COMMENTS
N/a
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.16 |
|
|
1 |
Rs.98.62 |
|
Euro |
1 |
Rs.77.67 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
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.