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Report No. : |
318327 |
|
Report Date : |
20.04.2015 |
IDENTIFICATION DETAILS
|
Name : |
SWEP INTERNATIONAL AB |
|
|
|
|
Registered Office : |
Box 105, 26122 Landskrona |
|
|
|
|
Country : |
Sweden |
|
|
|
|
Financials (as on) : |
2013 |
|
|
|
|
Date of Incorporation : |
26.11.1986 |
|
|
|
|
Com. Reg. No.: |
5562875392 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
The Company shall engage in the manufacture and sale of heat
exchangers and conduct related business. |
|
|
|
|
No. of Employees : |
311 [2013] |
RATING & COMMENTS
|
MIRA’s Rating : |
A |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
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 – 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. In September
2003, Swedish voters voted against a referendum on euro zone entry because of
concerns with the impact on the country’s economy, welfare system 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; the engineering sector accounts for
about 50% of output and exports. Agriculture accounts for little more than 1%
of GDP and employment. Until 2008, Sweden was in the midst of a sustained economic
upswing, boosted by increased domestic demand and strong exports. Despite sound
public finances, the Swedish economy slid into recession in the third quarter
of 2008 and the contraction continued into 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 slowed in 2013, as a result of continued economic weakness in
the EU - Sweden’s main export market – and remained weak in 2014.
|
Source
: CIA |
|
Business Name |
SWEP International AB |
|
Country |
SWEDEN |
|
Company Registration Number |
5562875392 |
|
Activity Code |
28250 |
|
Activity Description |
Manufacture of non-domestic cooling and ventilation equipment |
|
Company Status |
Active (Active) |
|
Latest Turnover Figure |
1.240.076.000 SEK |
|
Latest Shareholder Equity Figure |
99.680.000 SEK |
|
|
|
Basic
Information
|
|
|
Business Name |
SWEP International AB |
|
Registered Company Name |
SWEP International AB |
|
Company Registration Number |
5562875392 |
|
Country |
SWEDEN |
|
VAT Registration Number |
SE556287539201 |
|
Date of Company Registration |
26/11/1986 |
|
Legal Form |
Limited liability company |
|
Company Status |
Active (Active) |
|
Currency of this Report |
SEK |
|
Principal Activity Code |
No code |
|
Principal Activity Description |
The Company shall engage in the manufacture and sale of heat
exchangers and conduct related business. |
|
Contact Address |
Box 105, 26122 Landskrona |
|
Contact Telephone Number |
0418-400400 |
Main
Address
|
||
|
Address |
Country |
Telephone |
|
Box 105, 26122 LANDSKRONA |
SWEDEN |
0418-400400 |
|
Address |
Country |
|
Bävergatan
9, 26144 |
SWEDEN |
|
|
|
Activities
|
|
|
Activity Code |
Activity
Description |
|
28250 |
Manufacture of
non-domestic cooling and ventilation equipment |
|
25210 |
Manufacture of central
heating radiators and boilers |
info@swep.net
www.swep.net
|
Year |
Number of
Employees |
|
|
2013 |
311 |
|
|
2012 |
322 |
|
|
2011 |
358 |
|
|
2010 |
352 |
|
|
2009 |
348 |
|
|
|
|
|
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 |
28250 |
|
|
Activity Description |
Manufacture of non-domestic cooling and ventilation equipment |
|
|
|
|
|
Event
History
|
|
|
|
Event Date |
Event
Description |
|
|
27/02/2015 |
Company representatives, changed |
|
|
27/02/2015 |
Authorised signatories amended or new/amended vacancy text |
|
|
Event Date |
Event Description |
|
01/12/2014 |
Company
representatives, changed |
|
23/09/2014 |
Group Structure
Change |
|
19/09/2014 |
Group Structure
Change |
|
10/09/2014 |
Group Structure
Change |
|
03/09/2014 |
Annual account,
new |
|
27/08/2014 |
Annual report
(PDF), new |
|
05/12/2013 |
Certificate,
deregistered |
|
27/11/2013 |
Group Structure
Change |
|
05/09/2013 |
Group Structure
Change |
|
22/08/2013 |
Group Structure
Change |
|
19/08/2013 |
Annual account,
new |
|
24/07/2013 |
Annual report
(PDF), new |
|
29/01/2013 |
Fax number,
changed |
|
30/11/2012 |
Authorised signatories
amended or new/amended vacancy text |
|
30/11/2012 |
Company
representatives, changed |
|
08/10/2012 |
Annual account,
new |
|
10/08/2012 |
Annual report
(PDF), new |
|
29/12/2011 |
Authorised
signatories amended or new/amended vacancy text |
|
29/12/2011 |
Company
representatives, changed |
|
29/12/2011 |
Board, changed |
|
03/10/2011 |
Annual account,
new |
|
19/09/2011 |
Annual report
(PDF), new |
|
22/06/2011 |
Board, changed |
|
22/06/2011 |
Authorised signatories
amended or new/amended vacancy text |
|
22/06/2011 |
Company
representatives, changed |
|
29/03/2011 |
Fax number,
changed |
|
03/09/2010 |
Annual account,
new |
|
20/08/2010 |
Annual report
(PDF), new |
|
|
|
Profit
and Loss
|
|||
|
Financial Year |
2013 |
2012 |
2011 |
|
Number of Weeks |
52 |
52 |
52 |
|
Currency |
SEK |
SEK |
SEK |
|
Consolidated
Accounts |
No |
No |
No |
|
Revenue |
1.244.238.000 |
1.323.276.000 |
1.423.552.000 |
|
Operating Costs |
1.131.559.000 |
1.193.926.000 |
1.335.612.000 |
|
Operating Profit |
112.679.000 |
129.350.000 |
87.940.000 |
|
Financial Income |
1.208.000 |
903.000 |
3.168.000 |
|
Financial Expenses |
-1.876.000 |
-6.193.000 |
-432.000 |
|
Extraordinary Income |
0 |
0 |
0 |
|
Extraordinary Costs |
0 |
0 |
0 |
|
Profit before Tax |
112.011.000 |
124.060.000 |
90.676.000 |
|
Tax |
-34.357.000 |
-20.303.000 |
-31.908.000 |
|
Profit after Tax |
77.654.000 |
103.757.000 |
58.768.000 |
|
Minority
Interests |
0 |
0 |
0 |
|
Other
Appropriations |
37.638.000 |
-63.970.000 |
29.674.000 |
|
Retained Profit |
115.292.000 |
39.787.000 |
88.442.000 |
|
|
|
|
|
Balance
Sheet
|
|
|
|
|
Financial Year |
2013 |
2012 |
2011 |
|
Number of Weeks |
52 |
52 |
52 |
|
Currency |
SEK |
SEK |
SEK |
|
Consolidated Accounts |
No |
No |
No |
|
Land &
Buildings |
27.329.000 |
27.541.000 |
28.521.000 |
|
Plant &
Machinery |
39.126.000 |
49.947.000 |
61.955.000 |
|
Other Tangible
Assets |
53.181.000 |
53.944.000 |
48.578.000 |
|
Total Tangible
Assets |
119.636.000 |
131.432.000 |
139.054.000 |
|
Goodwill |
0 |
0 |
0 |
|
Other Intangible
Assets |
5.473.000 |
4.604.000 |
96.000 |
|
Total Intangible
Assets |
5.473.000 |
4.604.000 |
96.000 |
|
Loans To Group |
0 |
0 |
0 |
|
Other Loans |
0 |
0 |
0 |
|
Miscellaneous
Fixed Assets |
13.370.000 |
19.132.000 |
15.288.000 |
|
Total Other Fixed
Assets |
13.370.000 |
19.132.000 |
15.288.000 |
|
TOTAL FIXED
ASSETS |
138.479.000 |
155.168.000 |
154.438.000 |
|
Work In Progress |
0 |
0 |
0 |
|
Other Inventories |
85.341.000 |
108.971.000 |
106.145.000 |
|
Total Inventories |
85.341.000 |
108.971.000 |
106.145.000 |
|
Trade Receivables |
117.599.000 |
125.529.000 |
140.413.000 |
|
Group Receivables |
44.166.000 |
29.152.000 |
64.042.000 |
|
Miscellaneous
Receivables |
26.061.000 |
22.397.000 |
37.871.000 |
|
Total Receivables |
187.826.000 |
177.078.000 |
242.326.000 |
|
Cash |
2.328.000 |
5.713.000 |
10.581.000 |
|
Other Current
Assets |
0 |
0 |
0 |
|
TOTAL CURRENT
ASSETS |
275.495.000 |
291.762.000 |
359.052.000 |
|
TOTAL ASSETS |
413.974.000 |
446.930.000 |
513.490.000 |
|
Trade Payables |
76.425.000 |
79.977.000 |
93.408.000 |
|
Bank Liabilities |
0 |
0 |
0 |
|
Group Payables |
120.878.000 |
134.667.000 |
248.123.000 |
|
Miscellaneous
Liabilities |
86.108.000 |
81.721.000 |
87.365.000 |
|
TOTAL CURRENT
LIABILITIES |
283.411.000 |
296.365.000 |
428.896.000 |
|
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 |
0 |
0 |
0 |
|
Miscellaneous Liabilities
Due After 1 Year |
30.883.000 |
69.457.000 |
5.686.000 |
|
TOTAL LONG TERM
LIABILITIES |
30.883.000 |
69.457.000 |
5.686.000 |
|
TOTAL LIABILITIES |
314.294.000 |
365.822.000 |
434.582.000 |
|
Called Up Share Capital |
14.001.000 |
14.001.000 |
14.001.000 |
|
Share Premium |
0 |
0 |
0 |
|
Revenue Reserves |
123.346.000 |
45.641.000 |
5.854.000 |
|
Other Reserves |
-37.667.000 |
21.466.000 |
59.053.000 |
|
TOTAL SHAREHOLDERS EQUITY |
99.680.000 |
81.108.000 |
78.908.000 |
|
|
|
|
|
Other
Financials
|
|||
|
Contingent Liabilities |
0 |
0 |
0 |
|
Working Capital |
-7.916.000 |
-4.603.000 |
-69.844.000 |
|
Net Worth |
94.207.000 |
76.504.000 |
78.812.000 |
|
Ratios |
|
|
|
|
Pre-Tax Profit Margin |
9.00 % |
9.38 % |
6.37 % |
|
Return On Capital Employed |
16.06 % |
16.69 % |
9.62 % |
|
Return On Total Assets Employed |
27.06 % |
27.76 % |
17.66 % |
|
Return On Net Assets Employed |
112.37 % |
152.96 % |
114.91 % |
|
Sales/Net Working Capital |
-157.18 |
-287.48 |
-20.38 |
|
Stock Turnover Ratio |
6.86 % |
8.23 % |
7.46 % |
|
Debtor Days |
34.50 |
34.62 |
36.00 |
|
Creditor Days |
22.42 |
22.06 |
23.95 |
|
Current Ratio |
0.97 |
0.98 |
0.84 |
|
Liquidity Ratio/Acid Test |
0.67 |
0.62 |
0.59 |
|
Current Debt Ratio |
2.84 |
3.65 |
5.44 |
|
Gearing |
0 |
0 |
0 |
|
Equity In Percentage |
25.23 % |
19.17 % |
15.84 % |
|
Total Debt Ratio |
3.15 |
4.51 |
5.51 |
|
|
|
|
|
Share
Capital Structure
|
|||
|
Issued Share Capital |
14.001.000 SEK |
|
|
|
Shareholders |
|
|
|
|
No shareholders data for this company. |
|
|
|
|
|
|
|
|
Current
Directors
|
|||
|
Name |
Appointment Date |
Position |
|
|
Per Håkan Nilsson |
29/11/2012 |
Actual Member of Board |
|
|
Lars Anders Sigurd Lundblad |
28/12/2011 |
Managing Director |
|
|
Santin, Philippe Alexandre Raymond |
31/10/2003 |
Actual Member of Board |
|
Previous
Directors
|
|||
|
Name |
Appointment Date |
Position |
Resignation Date |
|
Callahan, Thomas Henry |
09/04/2008 |
Actual Member of Board |
29/11/2012 |
|
Hoglund, Raymond Carl |
17/03/2009 |
Actual Member of Board |
29/11/2012 |
|
Nils-Gustaf Tobieson |
13/10/1999 |
Managing Director |
29/11/2012 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.35 |
|
|
1 |
Rs.93.10 |
|
Euro |
1 |
Rs.67.13 |
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.