MIRA INFORM REPORT

 

 

Report No. :

 

Report Date :

27.04.2015

 

IDENTIFICATION DETAILS

 

Name :

MOBILTEX EVACUATION SYSTEMS AB

 

 

Registered Office :

Ronnagardsvagen 6,15152 Sodertalje

 

 

Country :

Sweden

 

 

Financials (as on) :

2014

 

 

Date of Incorporation :

09.12.2011

 

 

Com. Reg. No.:

5568755895

 

 

Legal Form :

Limited Liability Company

 

 

Line of Business :

Development, manufacture and sale of evacuation equipment and related business.

 

 

No. of Employees :

Not Available

 

 

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 – 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

 

 

Company Summary

 

Business Name

Mobiltex Evacuation Systems AB

Country

SWEDEN

Company Registration Number

5568755895

Activity Code

32990

Activity Description

Other manufacturing n.e.c.

Company Status

Active (Active)

Latest Turnover Figure

2.405.000 SEK

Latest Shareholder Equity Figure

214.000 SEK

 

 

Basic Information

 

Business Name

Mobiltex Evacuation Systems AB

Registered Company Name

Mobiltex Evacuation Systems AB

Company Registration Number

5568755895

Country

SWEDEN

VAT Registration Number

SE556875589501

Date of Company Registration

09/12/2011                                          

Legal Form

Limited liability company

Company Status

Active (Active)

Currency of this Report

SEK

Principal Activity Code

No code

Principal Activity Description

Object of the company is the development, manufacture and sale of evacuation equipment and related business.

Contact Address

Ronnagardsvagen 6,15152 SODERTALJE

Contact Telephone Number

070-4280640

 

 

Main Address

 

Address

Country Telephone

Ronnagardsvagen 6,15152 SODERTALJE

SWEDEN 070-4280640

 

 

Other Addresses

 

Address

Country

No other addresses for this company

 

 

 

Activities

 

Activity Code

Activity Description

32990

Other manufacturing n.e.c.

 

 

Email Addresses

 

No email addresses for this company

 

 

Web Pages

 

No websites for this company

 

 

Employee Information

 

Year

Number of Employees

2014

0

2013

0

2012

0

 

 

Advisors

 

No advisor information for this company

 

 

Tax Registrations

 

Registered for FTax

Yes

Registered for VAT

Yes

Registered for Employee Tax

No

 

 

Certificates

 

No certificate information for this company

 

 

Industry Comparison

 

Activity Code

32990

Activity Description

Other manufacturing n.e.c.

 

 

Event History

 

Event Date

Event Description

23/03/2015

Annual account, new

23/03/2015

Limit, increase

16/03/2015

Annual report (PDF), new

14/05/2014

Authorised signatories amended or new/amended vacancy text

14/05/2014

Address, changed

Event Date

Event Description

14/05/2014

Company representatives, changed

14/05/2014

Limit, decrease

18/03/2014

Limit, increase

18/03/2014

Annual account, new

10/03/2014

Annual report (PDF), new

31/07/2013

Limit, increase

04/03/2013

Limit, increase

04/03/2013

Annual account, new

20/02/2013

Annual report (PDF), new

07/02/2012

Phone number, new

28/01/2012

VAT, changed

28/01/2012

Company tax, changed

19/01/2012

Authorised signatories amended or new/amended vacancy text

19/01/2012

Place of residence, changed

19/01/2012

Company representatives, changed

19/01/2012

Address, changed

19/01/2012

Status, changed

19/01/2012

Company business activity, changed

19/01/2012

Company name, changed (old name: Grundbulten 3192 AB)

19/01/2012

Board, changed

10/12/2011

Company representatives, changed

10/12/2011

Share capital, new

10/12/2011

Company business activity, changed

10/12/2011

Authorised signatories amended or new/amended vacancy text

10/12/2011

Board, changed

10/12/2011

Status, changed

 

 

Status History

 

Date

09/12/2011

Event Description

Storage company

Applicant

 

Bankruptcy Trustee

 

Company Name

 

Address

 

Court Name

 

Additional Text

 

 

 

Profit and Loss

 

Financial Year

2014

2013

2012

Number of Weeks

52

52

56

Currency

SEK

SEK

SEK

Consolidated Accounts

No

No

No

Revenue

2.405.000

1.202.000

1.090.000

Operating Costs

2.292.000

982.000

1.181.000

Operating Profit

113.000

220.000

-91.000

Wages & Salaries

-19.000

-5.000

-3.000

Depreciation

-271.000

-191.000

-151.000

Financial Income

0

46.000

0

Financial Expenses

0

0

-5.000

Extraordinary Income

0

0

0

Extraordinary Costs

0

0

0

Profit before Tax

113.000

266.000

-96.000

Tax

-19.000

-28.000

0

Profit after Tax

94.000

238.000

-96.000

Minority Interests

0

0

0

Other Appropriations

-29.000

-42.000

0

Retained Profit

65.000

196.000

-96.000

 

 

Balance Sheet

 

Financial Year

2014

2013

2012

Number of Weeks

52

52

56

Currency

SEK

SEK

SEK

Consolidated Accounts

No

No

No

Land & Buildings

0

0

0

Plant & Machinery

0

0

0

Other Tangible Assets

0

0

0

Total Tangible Assets

0

0

0

Goodwill

0

0

603.000

Other Intangible Assets

741.000

612.000

0

Total Intangible Assets

741.000

612.000

603.000

Loans To Group

0

0

0

Other Loans

0

0

0

Miscellaneous Fixed Assets

0

0

0

Total Other Fixed Assets

0

0

0

TOTAL FIXED ASSETS

741.000

612.000

603.000

Work In Progress

0

0

0

Other Inventories

638.000

667.000

664.000

Total Inventories

638.000

667.000

664.000

Trade Receivables

0

43.000

103.000

Group Receivables

0

0

0

Miscellaneous Receivables

42.000

28.000

54.000

Total Receivables

42.000

71.000

157.000

Cash

452.000

480.000

208.000

Other Current Assets

0

0

0

TOTAL CURRENT ASSETS

1.132.000

1.217.000

1.028.000

TOTAL ASSETS

1.873.000

1.829.000

1.631.000

Trade Payables

43.000

0

65.000

Bank Liabilities

0

0

0

Group Payables

0

0

0

Miscellaneous Liabilities

65.000

37.000

12.000

TOTAL CURRENT LIABILITIES

108.000

37.000

77.000

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

1.551.000

1.642.000

1.500.000

TOTAL LONG TERM LIABILITIES

1.551.000

1.642.000

1.500.000

TOTAL LIABILITIES

1.659.000

1.679.000

1.577.000

Called Up Share Capital

50.000

50.000

50.000

Share Premium

0

0

0

Revenue Reserves

164.000

200.000

-96.000

Other Reserves

0

-100.000

100.000

TOTAL SHAREHOLDERS EQUITY

214.000

150.000

54.000

 

 

Other Financials

 

Contingent Liabilities

0

0

100.000

Working Capital

1.024.000

1.180.000

951.000

Net Worth

-527.000

-462.000

-549.000

 

 

Ratios

 

Pre-Tax Profit Margin

4.70 %

22.13 %

-8.81 %

Return On Capital Employed

5.70 %

14.26 %

-5.62 %

Return On Total Assets Employed

6.03 %

14.54 %

-5.89 %

Return On Net Assets Employed

52.80 %

177.33 %

-177.78 %

Sales/Net Working Capital

2.35

1.02

1.15

Stock Turnover Ratio

26.53 %

55.49 %

60.92 %

Debtor Days

0.00

13.06

34.49

Creditor Days

6.53

0.00

21.77

Current Ratio

10.48

32.89

13.35

Liquidity Ratio/Acid Test

4.57

14.86

4.73

Current Debt Ratio

0.50

0.25

1.43

Gearing

691.59 %

1066.67 %

2777.78 %

Equity In Percentage

18.90 %

12.33 %

5.25 %

Total Debt Ratio

7.75

11.19

29.20

 

 

Shareholders

 

No shareholders data for this company.

 

 

Current Directors

 

Name

Appointment Date

Position

Malki Malki

13/05/2014

Actual Member of Board

David Daoud Malki

13/05/2014

Actual Member of Board

Gabriel Gabi Malki

18/01/2012

Actual Member of Board

Aphram Malki

13/05/2014

Substitute

 

 

Previous Directors

 

Name

Appointment Date

Position                           Resignation Date

Malki Malki

18/01/2012

Substitute 13/05/2014

KarlJohan Staffan Tangby

09/12/2011

Actual Member of Board 18/01/2012

Nils Henrik Kristoffer Svensson

09/12/2011

Substitute 18/01/2012

 

 

Group Structure

 

No group structure for this company

 

 


Negative Information

 

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

 

 

Debt Balance

 

Record of Non Payment

 

Number Of Distraint Or Repossessions

0

Number Of Public Claims

0

Number Of Private Claims

0

Number Of Applications

0

Number Of Revoked Applications

0

 

 

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.63.40

UK Pound

1

Rs.95.42

Euro

1

Rs.68.49

 

INFORMATION DETAILS

 

Analysis Done by :

RAS

 

 

Report Prepared by :

VNT

 

               

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%)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.