MIRA INFORM REPORT

 

 

Report No. :

337153

Report Date :

14.08.2015

 

IDENTIFICATION DETAILS

 

Name :

SANTA MARIA AB

 

 

Registered Office :

Box 63,  43121 Mölndal

 

 

Country :

Sweden

 

 

Financials (as on) :

2014

 

 

Date of Incorporation :

31.05.1946

 

 

Com. Reg. No.:

5560475658

 

 

Legal Form :

Limited liability company

 

 

Line of Business :

  • Manufacture of condiments and seasonings
  • Manufacture of rusks, biscuits and preserved pastry goods and cakes

 

 

No. of Employee :

509 (2014)

 

 

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 – March 31, 2015

 

Country Name

Previous Rating

(31.12.2014)

Current Rating

(31.03.2015)

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. Sweden remains outside the Eurozone because of concerns over its 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. Agriculture accounts for less than 1% of GDP. Economic growth slowed in 2013, as a result of continued economic weakness in the EU - Sweden’s main export market; however, Sweden’s economy experienced modest growth in 2014, with an adjusted real GDP growth that averaged 2.1%. Sweden’s economy is expected to grow modestly in 2015, although the country continues to struggle with deflationary pressure.

 

Source : CIA

 

Company name

 

SANTA MARIA AB

 

 

Company Summary

 

 

Business Name

SANTA MARIA AB

Country

SWEDEN

Company Registration Number

5560475658

Activity Code

10840

Activity Description

Manufacture of condiments and seasonings

Company Status

Active (Active)

Latest Turnover Figure

1.995.292.000  SEK

Latest Shareholder Equity Figure

2.007.688.000  SEK

 

 

 

 

Basic Information

 

 

Business Name

Santa Maria AB

Registered Company Name

Santa Maria AB

Company Registration Number

5560475658

Country

SWEDEN

VAT Registration Number

SE556047565801

Date of Company Registration

31/05/1946

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 conduct agency, trading and factory moving along compatible activities in the food industry.

Contact Address

Box 63,  43121 MÖLNDAL

Contact Telephone Number

031-674200

 

 

 

 


 

Main Address

 

 

Address

Box 63,  43121 MÖLNDAL

Country

SWEDEN

Telephone

031-674200

 

 

Other Addresses

 

Address

Country

Address

Strömögatan 7,  16440

Country

SWEDEN

Address

Arendalsvägen 40,  43439

Country

SWEDEN

Address

Örjaleden 5,  26151

Country

SWEDEN

Address

Kråketorpsgatan 16,  43153

Country

SWEDEN

 

 

 

 

Activities

 

Activity Code

Activity Description

10840

Manufacture of condiments and seasonings

10722

Manufacture of rusks, biscuits and preserved pastry goods and cakes

 

 

Email Addresses

 

info@santamaria.se

 

 

Web Pages

 

No websites for this company

 

 

Employee Information

 

Year

Number of Employees

 

2014

509

 

2013

510

 

2012

479

 

2011

485

 

2010

495

 

 

 

 

 

 

 

Advisors

 

 

 

 

 

Auditor Name

Ernst & Young Aktiebolag

 

 

 

 

 

 

 

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

10840

 

Activity Description

Manufacture of condiments and seasonings

 

 

 

Event History

 

Event Date

Event Description

06/07/2015

Group Structure Change

26/06/2015

Group annual accout, new

26/06/2015

Annual account, new

19/06/2015

Annual report (PDF), new

11/06/2015

Group Structure Change

09/06/2015

Group Structure Change

26/05/2015

Authorised signatories amended or new/amended vacancy text

26/05/2015

Company representatives, changed

26/05/2014

Group Structure Change

23/05/2014

Group Structure Change

21/05/2014

Group annual accout, new

21/05/2014

Annual account, new

15/05/2014

Annual report (PDF), new

20/03/2014

Group Structure Change

25/02/2014

Group Structure Change

18/10/2013

Authorised signatories amended or new/amended vacancy text

18/10/2013

Company representatives, changed

14/06/2013

Company representatives, changed

14/06/2013

Authorised signatories amended or new/amended vacancy text

14/05/2013

Authorised signatories amended or new/amended vacancy text

14/05/2013

Company representatives, changed

14/05/2013

Group Structure Change

13/05/2013

Group annual accout, new

13/05/2013

Annual account, new

03/05/2013

Annual report (PDF), new

14/11/2012

Company representatives, changed

14/11/2012

Authorised signatories amended or new/amended vacancy text

19/06/2012

Group annual accout, new

19/06/2012

Annual account, new

05/06/2012

Company representatives, changed

05/06/2012

Authorised signatories amended or new/amended vacancy text

05/06/2012

Board, changed

31/05/2012

Annual report (PDF), new

29/10/2011

Company representatives, changed

29/10/2011

Board, changed

29/10/2011

Authorised signatories amended or new/amended vacancy text

30/08/2011

Authorised signatories amended or new/amended vacancy text

30/08/2011

Company representatives, changed

30/08/2011

Board, changed

25/05/2011

Company representatives, changed

25/05/2011

Board, changed

25/05/2011

Authorised signatories amended or new/amended vacancy text

19/05/2011

Annual account, new

19/05/2011

Group annual accout, new

16/05/2011

Annual report (PDF), new

06/04/2011

Authorised signatories amended or new/amended vacancy text

06/04/2011

Board, changed

06/04/2011

Company representatives, changed

29/03/2011

Fax number, new

29/03/2011

Phone number, new

28/09/2010

Board, changed

28/09/2010

Authorised signatory, changed

28/09/2010

Company representatives, changed

 

 

Status History

 

No status history events for this company

 

 

 

 

 

Financials

 

PROFIT AND LOSS

 

 

 

Financial Year

2014

2013

2012

Number of Weeks

52

52

52

Currency

SEK

SEK

SEK

Consolidated Accounts

No

No

No

Revenue

2.073.581.000

2.015.942.000

1.966.631.000

Operating Costs

1.965.434.000

1.933.973.000

1.911.802.000

Operating Profit

108.147.000

81.969.000

54.829.000

Wages & Salaries

-299.716.000

-289.692.000

-277.396.000

Depreciation

-57.099.000

-61.758.000

-61.268.000

Financial Income

1.015.000

1.882.000

1.187.000

Financial Expenses

-10.721.000

-15.785.000

-33.224.000

Extraordinary Income

-

-

-

Extraordinary Costs

-

-

-

Profit before Tax

287.570.000

323.441.000

249.954.000

Tax

-20.331.000

-14.316.000

-7.193.000

Profit after Tax

267.239.000

309.125.000

242.761.000

Minority Interests

-

-

-

Other Appropriations

-15.142.000

-

6.509.000

Retained Profit

252.098.000

309.126.000

249.269.000

 

BALANCE SHEET

 

 

 

Financial Year

2014

2013

2012

Number of Weeks

52

52

52

Currency

SEK

SEK

SEK

Consolidated Accounts

No

No

No

Land & Buildings

110.251.000

130.680.000

95.432.000

Plant & Machinery

201.260.000

223.607.000

216.763.000

Other Tangible Assets

15.601.000

24.220.000

69.589.000

Total Tangible Assets

327.112.000

378.507.000

381.784.000

Goodwill

-

-

-

Other Intangible Assets

35.446.000

8.060.000

-

Total Intangible Assets

35.446.000

8.060.000

-

Loans To Group

-

-

-

Other Loans

-

-

-

Miscellaneous Fixed Assets

1.556.371.000

1.565.166.000

1.579.924.000

Total Other Fixed Assets

1.556.371.000

1.565.166.000

1.579.924.000

TOTAL FIXED ASSETS

1.918.930.000

1.951.734.000

1.961.708.000

Work In Progress

-

-

-

Other Inventories

222.637.000

208.697.000

214.433.000

Total Inventories

222.637.000

208.697.000

214.433.000

Trade Receivables

289.374.000

242.196.000

271.588.000

Group Receivables

195.115.000

119.318.000

102.109.000

Miscellaneous Receivables

32.080.000

44.040.000

47.341.000

Total Receivables

516.569.000

405.554.000

421.038.000

Cash

2.459.000

11.604.000

13.555.000

Other Current Assets

-

-

-

TOTAL CURRENT ASSETS

741.665.000

625.855.000

649.026.000

TOTAL ASSETS

2.660.595.000

2.577.589.000

2.610.734.000

Trade Payables

226.924.000

235.158.000

194.785.000

Bank Liabilities

208.000

13.525.000

10.900.000

Group Payables

88.108.000

112.535.000

92.765.000

Miscellaneous Liabilities

177.465.000

151.272.000

168.622.000

TOTAL CURRENT LIABILITIES

492.705.000

512.490.000

467.072.000

Bank Liabilities Due After 1 Year

-

127.000

14.026.000

Other Loans Or Finance Due After 1 Year

-

-

-

Group Payables Due After 1 Year

-

150.000.000

525.000.000

Miscellaneous Liabilities Due After 1 Year

160.202.000

140.882.000

139.672.000

TOTAL LONG TERM LIABILITIES

160.202.000

291.009.000

678.698.000

TOTAL LIABILITIES

652.907.000

803.499.000

1.145.770.000

Called Up Share Capital

42.560.000

42.560.000

42.560.000

Share Premium

14.271.000

14.271.000

14.271.000

Revenue Reserves

1.922.291.000

1.688.693.000

1.383.267.000

Other Reserves

28.566.000

28.566.000

24.866.000

TOTAL SHAREHOLDERS EQUITY

2.007.688.000

1.774.090.000

1.464.964.000

 

 

Other Financials

 

Contingent Liabilities

1.173.000

1.054.000

982.000

Working Capital

248.960.000

113.365.000

181.954.000

Net Worth

1.972.242.000

1.766.030.000

1.464.964.000

 

 

Ratios

 

Pre-Tax Profit Margin

13.87 %

16.04 %

12.71 %

Return On Capital Employed

9.12 %

10.47 %

8.12 %

Return On Total Assets Employed

10.81 %

12.55 %

9.57 %

Return On Net Assets Employed

14.32 %

18.23 %

17.06 %

Sales/Net Working Capital

8.33

17.78

10.81

Stock Turnover Ratio

10.74 %

10.35 %

10.90 %

Debtor Days

50.94

43.85

50.41

Creditor Days

39.94

42.58

36.15

Current Ratio

1.51

1.22

1.39

Liquidity Ratio/Acid Test

1.05

0.81

0.93

Current Debt Ratio

0.25

0.29

0.32

Gearing

0.24 %

9.58 %

38.12 %

Equity In Percentage

187.85 %

176.64 %

142.12 %

Total Debt Ratio

0.33

0.45

0.78

 

Share Capital Structure

 

Issued Share Capital

42.559.900  SEK

 

 

Shareholders

 

No shareholders data for this company.

 

 

Current Directors

 

Name

Appointment Date

Position

 

Tuominen, Jaana Maija-Liisa

08/09/2008

Actual Member of Board

 

Johan Åke Sundelin

13/06/2013

Actual Member of Board

 

Tähkälä, Sarah Veronica

16/03/2010

Actual Member of Board

 

Anders Thomas Blomstrand

17/10/2013

Actual Member of Board

 

Jack Tomas Samuelsson

13/05/2013

Actual Member of Board

 

Lindholm, Niklas, Sebastian

13/11/2012

Substitute

 

 

 

Previous Directors

 

Name

Appointment Date

Position

Resignation Date

Bernt Anders Gäfvert

05/04/2011

Substitute

25/05/2015

Stig Håkan Bornestrand

05/04/2011

Actual Member of Board

17/10/2013

Danielsson, Mats Olof

13/11/2012

Actual Member of Board

13/06/2013

Tuominen, Jaana Maija-Liisa

13/11/2012

Managing Director

13/06/2013

Per Urban Jernberg

26/10/2007

Actual Member of Board

13/05/2013

Knut Anders Peter Holm

27/09/2010

Actual Member of Board

13/11/2012

Lars-Olov Mattsson

31/05/1946

Actual Member of Board

28/10/2011

Paulig,Bertel Johan Eduard

01/11/2003

Foreign Resident in the EEA

28/10/2011

Per Anders Öberg

12/03/2001

Actual Member of Board

28/10/2011

Lindholm, Niklas Sebastian

16/03/2010

Substitute

28/10/2011

Markula, Elisa Johanna

16/03/2010

Substitute

28/10/2011

Mats Johan Mattsson

16/03/2010

Substitute

28/10/2011

Olov Ludwig Mattsson

08/09/2008

Substitute

28/10/2011

Carin Irene Axelsson

16/03/2010

External Signatory

29/08/2011

 

 

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

Record of Non Payment

 

Number Of Distraint Or Repossessions

0

Number Of Public Claims

0

Number Of Private Claims

0

Number Of Applications

1

Number Of Revoked Applications

10

 

 

Debt Balance

 

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.64.92

UK Pound

1

Rs.101.44

Euro

1

Rs.72.26

 

INFORMATION DETAILS

 

Analysis Done by :

DIV

 

 

Report Prepared by :

ASH

 

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.