|
Report Date : |
28.10.2014 |
IDENTIFICATION DETAILS
|
Name : |
ECOLEAN AKTIEBOLAG |
|
|
|
|
Registered Office : |
Box 812, 251 08 Helsinborg |
|
|
|
|
Country : |
Sweden |
|
|
|
|
Financials (as on) : |
2013 |
|
|
|
|
Date of Incorporation : |
16.02.1989 |
|
|
|
|
Com. Reg. No.: |
5563510212 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
Manufacturer of Plastic Packing Goods. |
|
|
|
|
No. of Employees : |
163 [2013] |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
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 |
|
Business Name |
Ecolean Aktiebolag |
|
Country |
SWEDEN |
|
Company Registration Number |
5563510212 |
|
Main Activity |
Manufacture of plastic
packing goods |
|
Activity Code |
22220 |
|
Company Status |
Active |
|
Latest Turnover Figure |
362.738.000 |
|
Latest Shareholder Equity Figure |
1.914.403.000 |
|
Basic
Information |
|
|
Business Name |
Ecolean Aktiebolag |
|
Registered Company Name |
Ecolean Aktiebolag |
|
Company Registration Number |
5563510212 |
|
Country |
SWEDEN |
|
VAT Registration Number |
SE556351021201 |
|
Date of Company Registration |
16/02/1989 |
|
Legal Form |
Limited liability company |
|
Company Status |
Active |
|
Currency of this Report |
SEK |
|
Principal Activity Description |
The company engaged in trading,
manufacturing and konsultveksamhet in the plastics industry, development
avfbrpackningar, fbrpackningsmaterial and fbrpackningssystem in the food
industry, spanking and fbravlta real estate and valuable securities and thus
fbrenlig business. |
|
Contact Address |
Box 812, 25108 HELSINGBORG |
|
Contact Telephone Number |
042-268600 |
|
Activity
Code |
Activity
Description |
|
22220 |
Manufacture of plastic
packing goods |
|
22210 |
Manufacture of plastic
plates, sheets, tubes and profiles |
|
28290 |
Manufacture of other
general-purpose machinery n.e.c. |
|
71122 |
Industrial engineering
activities and related technical consultancy |
|
Profit
and Loss |
|
|
|
|
Financial Year |
2013 |
2012 |
2011 |
|
Number of Weeks |
52 |
52 |
52 |
|
Currency |
SEK |
SEK |
SEK |
|
Consolidated Accounts |
N |
N |
N |
|
Revenue |
363.029.000 |
235.917.000 |
199.611.000 |
|
Operating Costs |
681.840.000 |
384.413.000 |
317.595.000 |
|
Operating Profit |
-318.811.000 |
-148.496.000 |
-117.984.000 |
|
Wages & Salaries |
|||
|
Depreciation |
|||
|
Financial Income |
3.312.000 |
13.425.000 |
14.430.000 |
|
Financial Expenses |
-747.000 |
-8.451.000 |
-11.354.000 |
|
Extraordinary Income |
|||
|
Extraordinary Costs |
-747.000 |
-8.451.000 |
-11.354.000 |
|
Profit before Tax |
-316.246.000 |
-143.522.000 |
-114.908.000 |
|
Tax |
-94.000 |
-48.053.000 |
|
|
Profit after Tax |
-316.340.000 |
-191.575.000 |
-114.908.000 |
|
Minority Interests |
|||
|
Other Appropriations |
20.448.000 |
|
|
|
Retained Profit |
-295.892.000 |
-191.575.000 |
-114.908.000 |
|
|
|||
|
|
|||
|
Balance
Sheet |
|||
|
Financial Year |
2013 |
2012 |
2011 |
|
Number of Weeks |
52 |
52 |
52 |
|
Currency |
SEK |
SEK |
SEK |
|
Consolidated Accounts |
N |
N |
N |
|
Land & Buildings |
26.187.000 |
26.575.000 |
28.145.000 |
|
Plant & Machinery |
121.176.000 |
88.385.000 |
111.187.000 |
|
Other Tangible Assets |
37.480.000 |
27.010.000 |
19.147.000 |
|
Total Tangible Assets |
184.843.000 |
141.970.000 |
158.479.000 |
|
Goodwill |
0 |
0 |
0 |
|
Other Intangible Assets |
973.108.000 |
1.081.232.000 |
0 |
|
Total Intangible Assets |
973.108.000 |
1.081.232.000 |
0 |
|
Loans To Group |
92.024.000 |
196.404.000 |
259.156.000 |
|
Other Loans |
0 |
0 |
0 |
|
Miscellaneous Fixed Assets |
389.222.000 |
250.247.000 |
299.239.000 |
|
Total Other Fixed Assets |
481.246.000 |
446.651.000 |
558.395.000 |
|
TOTAL FIXED ASSETS |
1.639.197.000 |
1.669.853.000 |
716.874.000 |
|
Work In Progress |
0 |
0 |
0 |
|
Other Inventories |
162.604.000 |
109.365.000 |
114.216.000 |
|
Total Inventories |
162.604.000 |
109.365.000 |
114.216.000 |
|
Trade Receivables |
70.020.000 |
45.146.000 |
36.972.000 |
|
Group Receivables |
118.752.000 |
58.290.000 |
67.911.000 |
|
Miscellaneous Receivables |
21.037.000 |
18.038.000 |
13.864.000 |
|
Total Receivables |
209.809.000 |
121.474.000 |
118.747.000 |
|
Cash |
9.750.000 |
27.129.000 |
13.201.000 |
|
Other Current Assets |
0 |
0 |
0 |
|
TOTAL CURRENT ASSETS |
382.163.000 |
257.968.000 |
246.164.000 |
|
TOTAL ASSETS |
2.021.360.000 |
1.927.821.000 |
963.038.000 |
|
Trade Payables |
48.125.000 |
45.970.000 |
23.051.000 |
|
Bank Liabilities |
0 |
0 |
2.000.000 |
|
Group Payables |
0 |
4.929.000 |
4.961.000 |
|
Miscellaneous Liabilities |
36.844.000 |
16.985.000 |
19.475.000 |
|
TOTAL CURRENT LIABILITIES |
84.969.000 |
67.884.000 |
49.487.000 |
|
Bank Liabilities Due After 1 Year |
0 |
10.000.000 |
50.362.000 |
|
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 |
21.988.000 |
1.294.345.000 |
13.086.000 |
|
TOTAL
LONG TERM LIABILITIES |
21.988.000 |
1.304.345.000 |
166.384.000 |
|
TOTAL
LIABILITIES |
106.957.000 |
1.372.229.000 |
215.871.000 |
|
Called
Up Share Capital |
50.850.000 |
50.850.000 |
50.850.000 |
|
Share
Premium |
1.024.500.000 |
1.024.500.000 |
0 |
|
Revenue
Reserves |
204.361.000 |
-669.658.000 |
546.417.000 |
|
Other
Reserves |
634.692.000 |
149.900.000 |
149.900.000 |
|
TOTAL
SHAREHOLDERS EQUITY |
1.914.403.000 |
555.592.000 |
747.167.000 |
|
Other Financials |
|||
|
Contingent
Liabilities |
44.000 |
0 |
0 |
|
Working
Capital |
297.194.000 |
190.084.000 |
196.677.000 |
|
Net
Worth |
941.295.000 |
-525.640.000 |
747.167.000 |
|
Ratio
|
|
|
|
|
Pre-Tax Profit Margin |
-87.11 % |
-60.84 % |
-57.57% |
|
Return On Capital Employed |
-15.01 % |
-7.19% |
-11.35 % |
|
Return On Total Assets Employed |
-15.65 % |
-7.44 % |
-11.93 % |
|
Return On Net Assets Employed |
-16.52% |
-25.83 % |
-15.38% |
|
Sales/Net Working Capital |
1.22 |
1.24 |
1.01 |
|
Stock Turnover Ratio |
44.79 % |
46.36% |
57.22 % |
|
Debtor Days |
70.40 |
69.85 |
67.61 |
|
Creditor Days |
48.39 |
71.12 |
42.15 |
|
Current Ratio |
4.50 |
3.80 |
4.97 |
|
Liquidity Ratio/Acid Test |
2.58 |
2.19 |
2.67 |
|
Current Debt Ratio |
0.04 |
0.12 |
0.07 |
|
Gearing |
|
232.59 % |
20.78 % |
|
Equity In Percentage |
337.63 % |
138.92 % |
184.65 % |
|
Total Debt Ratio |
0.06 |
2.47 |
0.29 |
Main Address
Address Country
Telephone
Box 812, 25108 HELSINGBORG SWEDEN
042-268600
Other Address
Address Country
No other addresses for this company.
Email Addresses
Web Pages
Share Capital Structure
Issued Share Capital 50.850.000
|
Name |
Appointment
Date |
Position |
|
|
Sven Arne Karlsson |
09/04/2014 |
Chairman of Board |
|
|
Nilsson, Lars Peter |
11/12/2007 |
Actual Member of Board |
|
|
Rausing, Anna Lisbet Kristina |
13/02/2014 |
Actual Member of Board |
|
|
Leif Valdemar Johansson |
13/02/2014 |
Actual Member of Board |
|
|
Ove Henning Mattsson |
13/02/2014 |
Actual Member of Board |
|
|
Sven Ake Oskar Modig |
13/02/2014 |
Actual Member of Board |
|
|
|
|||
|
Previous
Directors |
|||
|
Name |
Appointment
Date |
Position |
Resignation Date |
|
Johannesson, Lars Tuve Patrik |
13/02/2014 |
Actual Member of Board |
|
|
Evert Harald Mansson |
31/10/2003 |
Actual Member of Board |
|
|
Per Henrik Porenius |
03/07/2002 |
Actual Member of Board |
|
|
Nilsson, Lars Peter |
11/12/2007 |
Chairman of Board |
|
Extended Group Structure
Company Name Country
Number Latest Annual Accounts
0 Ecolean International A/S DK
1 Ecolean Aktiebolag SE
5563510212 31/12/2013
Employee Information
Year Number
of Employees
2013 163
2012 102
2011 101
2010 93
2009 83
Advisors
Auditor Name Göran Mikael
Eriksson
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 |
|
22220 |
|
|
Activity Description |
|
Manufacture of plastic
packing goods |
|
Even History
|
Event
Date |
Event Description |
|
30/09/2014 |
Certificate, registered |
|
28/07/2014 |
Group annual accout, new |
|
28/07/2014 |
Annual account, new |
|
22/07/2014 |
Annual report (PDF), new |
|
10/04/2014 |
Company representatives,
changed |
|
10/04/2014 |
Authorised signatories
amended or new/amended vacancy text |
|
14/02/2014 |
Company representatives,
changed |
|
14/02/2014 |
Authorised signatories
amended or new/amended vacancy text |
|
14/02/2014 |
Company business activity,
changed |
|
08/01/2014 |
Certificate, deregistered |
|
15/11/2013 |
Status, changed |
|
15/11/2013 |
Authorised signatories
amended or new/amended vacancy text |
|
15/11/2013 |
Board, changed |
|
31/07/2013 |
Group Structure Change |
|
19/07/2013 |
Annual account, new |
|
18/07/2013 |
Status, changed |
|
03/07/2013 |
Annual report (PDF), new |
|
04/06/2013 |
Certificate, registered |
|
07/05/2013 |
Certificate, deregistered |
|
06/11/2012 |
Certificate, registered |
|
19/06/2012 |
Annual account, new |
|
25/05/2012 |
Annual report (PDF), new |
|
19/07/2011 |
Annual account, new |
|
05/07/2011 |
Annual report (PDF), new |
|
29/03/2011 |
Phone number, changed |
|
08/06/2010 |
Annual account, new |
|
07/06/2010 |
Annual account, new |
|
25/05/2010 |
Annual report (PDF), new |
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 -
Number of applications for an order to pay -
Number of reclaimed/revoked applications -
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.23 |
|
|
1 |
Rs.98.53 |
|
Euro |
1 |
Rs.77.75 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
NIT |
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.