|
Report No. : |
316491 |
|
Report Date : |
06.04.2015 |
IDENTIFICATION DETAILS
|
Name : |
ELOF HANSSON TRADE AB |
|
|
|
|
Registered Office : |
41380 Goteborg |
|
|
|
|
Country : |
Sweden |
|
|
|
|
Financials (as on) : |
2013 |
|
|
|
|
Date of Incorporation : |
05.08.1963 |
|
|
|
|
Com. Reg. No.: |
5560885633 |
|
|
|
|
Legal Form : |
Limited liability company |
|
|
|
|
Line of Business : |
Wholesale
of Other Intermediate Products n.e.c. |
|
|
|
|
No. of Employees : |
70 |
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 : |
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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
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 |
Elof Hansson Trade AB |
|
Country |
SWEDEN |
|
Company
Registration Number |
5560885633 |
|
Activity
Code |
46769 |
|
Activity
Description |
Wholesale of other intermediate products n.e.c. |
|
Company
Status |
Active (Active) |
|
Latest
Turnover Figure |
2.259.464.000 SEK |
|
Latest
Shareholder Equity Figure |
215.324.000 SEK |
|
Business Name |
Elof
Hansson Trade AB |
|
Registered Company
Name |
Elof
Hansson Trade AB |
|
Company
Registration Number |
5560885633 |
|
Country |
SWEDEN |
|
VAT Registration
Number |
SE556088563301 |
|
Date of Company
Registration |
05/08/1963 |
|
Legal Form |
Limited
liability company |
|
Company Status |
Active
(Active) |
|
Currency of this
Report |
SEK |
|
Principal Activity
Code |
No
code |
|
Principal Activity Description |
The object
of which is to carry on trade, import and export in various industries,
preferably cellulose, paper, steel, wood products and building materials,
both in the solid shave that through agencies, management of movable and
immovable egensom, |
|
Contact Address |
41380
GOTEBORG |
|
Contact Telephone
Number |
031-856000 |
|
Address |
Country |
Telephone |
|
41380
GOTEBORG |
SWEDEN |
031-856000 |
|
Address |
Country |
|
No other addresses
for this company |
|
|
Activity Code |
Activity
Description |
|
46769 |
Wholesale of other intermediate products
n.e.c. |
|
46410 |
Wholesale of textiles |
|
46699 |
Wholesale of other machinery and equipment
n.e.c. |
|
46750 |
Wholesale of chemical products |
|
46731 |
Wholesale of wood and other construction
materials |
No email
addresses for this company
No websites
for this company
|
Year |
Number of Employees |
|
2013 |
70 |
|
2012 |
75 |
|
2011 |
98 |
|
2010 |
119 |
|
2009 |
130 |
|
Auditor Name |
Ohrlings PricewaterhouseCoopers AB |
|
Registered for FTax |
Yes |
|
Registered for VAT |
Yes |
|
Registered for
Employee Tax |
Yes |
|
Type |
Category Issuer |
|
No certificate information for this company |
|
|
Activity Code |
46769 |
|
Activity
Description |
Wholesale of other intermediate products
n.e.c. |
|
Industry Average
Credit Rating |
77 (1 - 100) |
|
Industry Average
Credit Limit |
967.000 |
|
Event
Date |
Event
Description |
|
03/02/2015 |
Certificate, deregistered |
|
12/12/2014 |
Authorised signatories
amended or new/amended vacancy text |
|
12/12/2014 |
Company representatives,
changed |
|
06/11/2014 |
Group Structure Change |
|
03/10/2014 |
Group Structure Change |
|
30/09/2014 |
Group Structure Change |
|
05/09/2014 |
Group Structure Change |
|
27/08/2014 |
Group Structure Change |
|
22/08/2014 |
Annual account, new |
|
18/08/2014 |
Annual report (PDF), new |
|
31/07/2014 |
Group Structure Change |
|
18/07/2014 |
Group Structure Change |
|
11/07/2014 |
Group Structure Change |
|
10/07/2014 |
Group Structure Change |
|
24/06/2014 |
Company representatives,
changed |
|
24/06/2014 |
Authorised signatories amended
or new/amended vacancy text |
|
14/02/2014 |
Authorised signatories
amended or new/amended vacancy text |
|
14/02/2014 |
Company representatives,
changed |
|
02/10/2013 |
Group Structure Change |
|
12/09/2013 |
Group Structure Change |
|
06/09/2013 |
Group Structure Change |
|
12/08/2013 |
Group Structure Change |
|
07/08/2013 |
Group Structure Change |
|
06/08/2013 |
Group Structure Change |
|
01/08/2013 |
Company representatives,
changed |
|
01/08/2013 |
Group Structure Change |
|
01/08/2013 |
Authorised signatories
amended or new/amended vacancy text |
|
30/07/2013 |
Annual account, new |
|
16/07/2013 |
Group Structure Change |
|
09/07/2013 |
Annual report (PDF), new |
|
03/07/2013 |
Group Structure Change |
|
17/06/2013 |
Group Structure Change |
|
13/06/2013 |
Group Structure Change |
|
04/06/2013 |
Certificate, registered |
|
31/05/2013 |
Group Structure Change |
|
07/05/2013 |
Certificate, deregistered |
|
04/10/2012 |
Annual account, new |
|
27/09/2012 |
Authorised signatories amended
or new/amended vacancy text |
|
27/09/2012 |
Company representatives,
changed |
|
08/08/2012 |
Annual report (PDF), new |
|
12/04/2012 |
Board, changed |
|
12/04/2012 |
Authorised signatories
amended or new/amended vacancy text |
|
Event Date |
Event Description |
|
|
12/04/2012 |
Company
representatives, changed |
|
|
12/04/2012 |
Limit,
increase |
|
|
22/02/2012 |
Company
representatives, changed |
|
|
22/02/2012 |
Board,
changed |
|
|
22/02/2012 |
Limit,
decrease |
|
|
22/02/2012 |
Authorised
signatories amended or new/amended vacancy text |
|
|
24/12/2011 |
Board,
changed |
|
|
24/12/2011 |
Company
representatives, changed |
|
|
24/12/2011 |
Authorised
signatories amended or new/amended vacancy text |
|
|
29/09/2011 |
Annual
account, changed |
|
|
27/09/2011 |
Group
annual accout, new |
|
|
27/09/2011 |
Annual
account, new |
|
|
20/09/2011 |
Company
business activity, changed |
|
|
07/09/2011 |
Board,
changed |
|
|
07/09/2011 |
Authorised
signatories amended or new/amended vacancy text |
|
|
07/09/2011 |
Company
representatives, changed |
|
|
16/08/2011 |
Annual
report (PDF), new |
|
|
15/04/2011 |
Company
business activity, changed |
|
|
15/04/2011 |
Company
name, changed (old name: Elof Hansson Aktiebolag) |
|
|
29/03/2011 |
Phone
number, new |
|
|
29/03/2011 |
Fax
number, new |
|
|
03/08/2010 |
Annual
account, new |
|
|
28/07/2010 |
Company
representatives, changed |
|
|
28/07/2010 |
Authorised
signatory, changed |
|
|
28/07/2010 |
Board,
changed |
|
|
15/07/2010 |
Annual
report (PDF), new |
|
No status
history events for this company
|
Financial Year |
2013 |
2012 |
2011 |
|
Number of Weeks |
52 |
52 |
52 |
|
Currency |
SEK |
SEK |
SEK |
|
Consolidated
Accounts |
No |
No |
No |
|
Revenue |
2.259.486.000 |
3.681.291.000 |
2.903.031.000 |
|
Operating Costs |
2.252.351.000 |
3.649.961.000 |
2.861.759.000 |
|
Operating Profit |
7.135.000 |
31.330.000 |
41.272.000 |
|
Wages &
Salaries |
-76.523.000 |
-102.899.000 |
-116.360.000 |
|
Depreciation |
-3.117.000 |
-5.725.000 |
-6.112.000 |
|
Financial Income |
8.220.000 |
8.638.000 |
12.497.000 |
|
Financial Expenses |
-9.502.000 |
-17.355.000 |
-13.122.000 |
|
Extraordinary
Income |
0 |
0 |
0 |
|
Extraordinary Costs |
0 |
0 |
0 |
|
Profit before Tax |
5.853.000 |
22.613.000 |
43.647.000 |
|
Tax |
-4.869.000 |
-10.066.000 |
-13.423.000 |
|
Profit after Tax |
984.000 |
12.547.000 |
30.224.000 |
|
Minority Interests |
0 |
0 |
0 |
|
Other
Appropriations |
14.113.000 |
1.510.000 |
1.420.000 |
|
Retained Profit |
15.097.000 |
14.057.000 |
31.644.000 |
|
Financial Year |
2013 |
2012 |
2011 |
|
Number of Weeks |
52 |
52 |
52 |
|
Currency |
SEK |
SEK |
SEK |
|
Consolidated Accounts |
No |
No |
No |
|
Land & Buildings |
12.433.000 |
12.555.000 |
2.798.000 |
|
Plant & Machinery |
0 |
0 |
0 |
|
Other Tangible Assets |
1.556.000 |
4.485.000 |
9.991.000 |
|
Total Tangible Assets |
13.989.000 |
17.040.000 |
12.789.000 |
|
Goodwill |
0 |
0 |
0 |
|
Other Intangible Assets |
0 |
0 |
0 |
|
Total Intangible Assets |
0 |
0 |
0 |
|
Loans To Group |
13.122.000 |
0 |
21.090.000 |
|
Other Loans |
0 |
0 |
0 |
|
Miscellaneous Fixed Assets |
49.146.000 |
48.530.000 |
49.437.000 |
|
Total Other Fixed Assets |
62.268.000 |
48.530.000 |
70.527.000 |
|
TOTAL FIXED ASSETS |
76.257.000 |
65.570.000 |
83.316.000 |
|
Work In Progress |
0 |
0 |
0 |
|
Other Inventories |
94.619.000 |
57.940.000 |
187.348.000 |
|
Total Inventories |
94.619.000 |
57.940.000 |
187.348.000 |
|
Trade Receivables |
425.752.000 |
553.840.000 |
448.285.000 |
|
Group Receivables |
205.981.000 |
168.549.000 |
217.320.000 |
|
Miscellaneous Receivables |
26.156.000 |
20.271.000 |
16.405.000 |
|
Total Receivables |
657.889.000 |
742.660.000 |
682.010.000 |
|
Cash |
0 |
0 |
56.185.000 |
|
Other Current Assets |
0 |
0 |
0 |
|
TOTAL CURRENT ASSETS |
752.508.000 |
800.600.000 |
925.543.000 |
|
TOTAL ASSETS |
828.765.000 |
866.170.000 |
1.008.859.000 |
|
Trade Payables |
162.540.000 |
185.748.000 |
257.284.000 |
|
Bank Liabilities |
52.112.000 |
2.536.000 |
0 |
|
Group Payables |
17.982.000 |
37.756.000 |
6.713.000 |
|
Miscellaneous Liabilities |
86.605.000 |
118.686.000 |
108.300.000 |
|
TOTAL CURRENT LIABILITIES |
319.239.000 |
344.726.000 |
372.297.000 |
|
Bank Liabilities Due After 1 Year |
0 |
0 |
0 |
|
Other Loans Or Finance Due After 1 Year |
0 |
0 |
0 |
|
Group Payables Due After 1 Year |
255.156.000 |
210.493.000 |
255.517.000 |
|
Miscellaneous Liabilities Due After 1 Year |
39.046.000 |
53.160.000 |
54.670.000 |
|
TOTAL LONG TERM LIABILITIES |
294.202.000 |
263.653.000 |
310.187.000 |
|
TOTAL LIABILITIES |
613.441.000 |
608.379.000 |
682.484.000 |
|
Called Up Share Capital |
75.000.000 |
75.000.000 |
75.000.000 |
|
Share Premium |
0 |
0 |
0 |
|
Revenue Reserves |
142.888.000 |
189.432.000 |
240.092.000 |
|
Other Reserves |
-2.564.000 |
-6.641.000 |
11.283.000 |
|
TOTAL SHAREHOLDERS EQUITY |
215.324.000 |
257.791.000 |
326.375.000 |
|
Contingent
Liabilities |
0 |
684.000 |
807.000 |
|
Working Capital |
433.269.000 |
455.874.000 |
553.246.000 |
|
Net Worth |
215.324.000 |
257.791.000 |
326.375.000 |
|
Pre-Tax Profit
Margin |
0.26
% |
0.61 % |
1.50 % |
|
Return On Capital
Employed |
0.51
% |
1.87 % |
3.16 % |
|
Return On Total Assets
Employed |
0.71
% |
2.61 % |
4.33 % |
|
Return On Net
Assets Employed |
2.72
% |
8.77 % |
13.37 % |
|
Sales/Net Working
Capital |
5.21 |
8.08 |
5.25 |
|
Stock Turnover
Ratio |
4.19
% |
1.57 % |
6.45 % |
|
Debtor Days |
68.78 |
54.91 |
56.36 |
|
Creditor Days |
26.26 |
18.42 |
32.35 |
|
Current Ratio |
2.36 |
2.32 |
2.49 |
|
Liquidity
Ratio/Acid Test |
2.06 |
2.15 |
1.98 |
|
Current Debt Ratio |
1.48 |
1.34 |
1.14 |
|
Gearing |
142.70
% |
82.64 % |
78.29 % |
|
Equity In
Percentage |
28.09
% |
31.53 % |
34.78 % |
|
Total Debt Ratio |
2.85 |
2.36 |
2.09 |
|
Issued Share
Capital |
75.000.000
SEK |
No
shareholders data for this company.
|
Name |
Appointment Date |
Position |
|
Dyrbye,
Tomas |
31/07/2013 |
Chairman
of Board |
|
Mette
Birna Odefors |
23/06/2014 |
Actual
Member of Board |
|
Jacobsen,
Finn Tvede |
01/11/2003 |
Foreign
Resident in the EEA |
|
Dwight
Sven Pierre Sjostedt |
11/12/2014 |
Actual
Member of Board |
|
Jan
Stefan Hellgren |
31/07/2013 |
Actual
Member of Board |
|
Name |
Appointment Date |
Position
Resignation Date |
|
Per
Stefan Andersson Tilk |
13/02/2014 |
Actual
Member of Board 11/12/2014 |
|
Jan
Robert Sandberg |
11/04/2012 |
Actual
Member of Board 23/06/2014 |
|
Anna
Dubois |
23/12/2011 |
Actual
Member of Board 31/07/2013 |
|
Hans
Gustaf Thomas Pettersson |
01/11/2003 |
Chairman
of Board 26/09/2012 |
|
Bjorn
Petrusson |
06/09/2011 |
Managing
Director 21/02/2012 |
|
Olle
Hjalmar Peter Linden |
02/05/2006 |
Actual
Member of Board 27/07/2010 |
|
Debt Balance |
|
|
Currency |
SEK |
|
Number Of Private
Claims |
0 |
|
Balance Of Private
Claims |
0 |
|
Number Of Public
Claims |
0 |
|
Balance Of Public
Claims |
0 |
|
Total Balance |
0 |
|
Record of Non
Payment |
|
|
Number Of Distraint
Or Repossessions |
0 |
|
Number Of Public
Claims |
0 |
|
Number Of Private
Claims |
0 |
|
Debt Balance |
|
|
Number Of
Applications |
0 |
|
Number Of Revoked
Applications |
1 |
|
Latest Public Claim |
|
|
No Latest Public
Claim for this company. |
|
|
|
|
|
Latest Private
Claim |
|
|
No
Latest Private Claim for this company. |
|
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.59 |
|
|
1 |
Rs.92.46 |
|
Euro |
1 |
Rs.67.51 |
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.