MIRA INFORM REPORT
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Report No. : |
338539 |
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Report Date : |
28.08.2015 |
IDENTIFICATION DETAILS
|
Name : |
SWEDISH FINE RICE AND FOOD AB |
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|
|
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Registered Office : |
Skjulstagatan 10, Pl 10, 63229 Eskilstuna |
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|
|
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Country : |
Sweden |
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|
|
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Financials (as on) : |
2014 |
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Date of Incorporation : |
21.12.1990 |
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|
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Com. Reg. No.: |
5564144342 |
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|
|
|
Legal Form : |
Limited Liability Company |
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|
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Line of Business : |
The Company shall conduct the sale, import and export of goods in the food industry, hold and trade its shares, securities and real estate and related business. |
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|
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|
No. of Employees : |
6 [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 |
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Very High |
C1 |
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Restricted |
C2 |
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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
summary
|
Business Name |
Swedish Fine Rice and Food AB |
|
Country |
SWEDEN |
|
Company
Registration Number |
5564144342 |
|
Activity Code |
46390 |
|
Activity
Description |
Non-specialised wholesale of food, beverages and tobacco |
|
Company Status |
Active (Active) |
|
Latest Turnover
Figure |
58.881.000 SEK |
|
Latest Shareholder
Equity Figure |
5.793.000 SEK |
Basic
information
|
Business Name |
Swedish Fine Rice and Food AB |
|
|
|
|
Registered Company
Name |
Swedish Fine Rice and Food AB |
|
|
|
|
Company
Registration Number |
5564144342 |
|
|
|
|
Country |
SWEDEN |
|
|
|
|
VAT Registration
Number |
SE556414434201 |
|
|
|
|
Date of Company
Registration |
21/12/1990 |
|
|
|
|
Legal Form |
Limited liability company |
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|
|
|
Company Status |
Active (Active) |
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|
|
|
Currency of this
Report |
SEK |
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|
|
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Principal Activity
Code |
No code |
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|
|
|
Principal Activity
Description |
The Company shall conduct the sale, import and export of goods in the food industry, hold and trade its shares, securities and real estate and related business. |
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|
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|
Contact Address |
Skjulstagatan 10, Pl 10, 63229 Eskilstuna |
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|
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Contact Telephone
Number |
016-132050 |
Main
address
|
Address |
Skjulstagatan 10, PL 10, 63229 ESKILSTUNA |
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|
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|
Country |
SWEDEN |
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Telephone |
016-132050 |
Other
address
|
Address |
Country |
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No other addresses for this company |
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Activities
|
Activity Code |
Activity Description |
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|
|
|
46390 |
Non-specialised wholesale of food, beverages and tobacco |
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|
|
|
10612 |
Manufacture of breakfast cereals, blended flour mixes and other prepared grain mill products |
Email
address
No email addresses for this company.
Web
pages
employee
information
|
Year |
Number of Employees |
|
|
|
|
2014 |
6 |
|
|
|
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2013 |
10 |
|
|
|
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2012 |
13 |
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2011 |
13 |
|
|
|
|
2010 |
12 |
Advisors
Auditor Name adsum Revisorer & Foretagskonsulter 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 |
46390 |
|
|
|
|
Activity
Description |
Non-specialised wholesale of food, beverages and tobacco |
Event
history
|
Event Date |
Event Description |
|
28/07/2015 |
Company mortgage, removed |
|
28/07/2015 |
Company mortgage, new |
|
|
Event Description |
|
28/07/2015 |
Company mortgage, changed |
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16/07/2015 |
Group Structure Change |
|
09/07/2015 |
Group Structure Change |
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06/07/2015 |
Limit, increase |
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06/07/2015 |
Annual account, new |
|
29/06/2015 |
Annual report (PDF), new |
|
14/08/2014 |
Group Structure Change |
|
11/03/2014 |
Group Structure Change |
|
07/03/2014 |
Limit, increase |
|
07/03/2014 |
Annual account, new |
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03/03/2014 |
Annual report (PDF), new |
|
13/06/2013 |
Annual report (PDF), new |
|
12/06/2013 |
Annual account, new |
|
12/06/2013 |
Limit, decrease |
|
05/07/2012 |
Annual account, new |
|
05/07/2012 |
Limit, decrease |
|
15/06/2012 |
Authorised signatories amended or new/amended vacancy text |
|
15/06/2012 |
Board, changed |
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15/06/2012 |
Company representatives, changed |
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13/06/2012 |
Annual report (PDF), new |
|
23/06/2011 |
Company representatives, changed |
|
23/06/2011 |
Board, changed |
|
15/06/2011 |
Limit, decrease |
|
15/06/2011 |
Annual account, new |
|
09/06/2011 |
Annual report (PDF), new |
|
29/03/2011 |
Fax number, removed |
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20/02/2011 |
Limit, increase |
|
19/02/2011 |
Limit, increase |
|
10/02/2011 |
Limit, decrease |
Status
history
No status history events for this company
Profit
& loss
|
Financial Year |
2014 |
2013 |
2012 |
|
Number of Weeks |
52 |
52 |
52 |
|
Currency |
SEK |
SEK |
SEK |
|
Consolidated Accounts |
No |
No |
No |
|
Revenue |
58.979.000 |
47.338.000 |
39.327.000 |
|
Operating Costs |
56.565.000 |
45.629.000 |
41.604.000 |
|
Operating Profit |
2.414.000 |
1.709.000 |
-2.277.000 |
|
Wages & Salaries |
-1.335.000 |
-3.003.000 |
-3.893.000 |
|
Depreciation |
-21.000 |
-352.000 |
-360.000 |
|
Financial Income |
205.000 |
179.000 |
23.000 |
|
|
-1.230.000 |
-647.000 |
-565.000 |
|
Extraordinary Income |
- |
- |
- |
|
Extraordinary Costs |
- |
- |
- |
|
Profit before Tax |
1.388.000 |
1.241.000 |
-2.819.000 |
|
Tax |
-39.000 |
- |
- |
|
Profit after Tax |
1.349.000 |
1.241.000 |
-2.819.000 |
|
Minority Interests |
- |
- |
- |
|
Other Appropriations |
- |
- |
326.000 |
|
Retained Profit |
1.349.000 |
1.241.000 |
-2.493.000 |
Balance
sheet
|
Financial Year |
2014 |
2013 |
2012 |
|
Number of Weeks |
52 |
52 |
52 |
|
Currency |
SEK |
SEK |
SEK |
|
Consolidated Accounts |
No |
No |
No |
|
Land & Buildings |
- |
- |
- |
|
Plant & Machinery |
- |
- |
673.000 |
|
Other Tangible Assets |
28.000 |
49.000 |
70.000 |
|
Total Tangible Assets |
28.000 |
49.000 |
743.000 |
|
Goodwill |
- |
- |
- |
|
Other Intangible Assets |
- |
- |
- |
|
Total Intangible Assets |
- |
- |
- |
|
Loans To Group |
- |
- |
- |
|
Other Loans |
- |
- |
- |
|
Miscellaneous Fixed Assets |
50.000 |
50.000 |
- |
|
Total Other Fixed Assets |
50.000 |
50.000 |
- |
|
TOTAL FIXED ASSETS |
78.000 |
99.000 |
743.000 |
|
Work In Progress |
- |
- |
- |
|
Other Inventories |
16.984.000 |
16.001.000 |
19.573.000 |
|
Total Inventories |
16.984.000 |
16.001.000 |
19.573.000 |
|
Trade Receivables |
9.349.000 |
5.964.000 |
6.756.000 |
|
Group Receivables |
762.000 |
- |
- |
|
Miscellaneous Receivables |
337.000 |
672.000 |
407.000 |
|
Total Receivables |
10.448.000 |
6.636.000 |
7.163.000 |
|
Cash |
207.000 |
971.000 |
- |
|
Other Current Assets |
- |
- |
- |
|
TOTAL CURRENT ASSETS |
27.640.000 |
23.608.000 |
26.736.000 |
|
TOTAL ASSETS |
27.718.000 |
23.707.000 |
27.480.000 |
|
Trade Payables |
7.045.000 |
2.144.000 |
4.918.000 |
|
Bank Liabilities |
1.744.000 |
1.744.000 |
1.154.000 |
|
Group Payables |
231.000 |
- |
- |
|
Miscellaneous Liabilities |
2.711.000 |
3.303.000 |
7.249.000 |
|
TOTAL CURRENT LIABILITIES |
11.731.000 |
7.191.000 |
13.321.000 |
|
Bank Liabilities Due After 1 Year |
5.161.000 |
7.405.000 |
10.956.000 |
|
Other Loans Or Finance Due After 1 Year |
- |
- |
- |
|
|
- |
- |
- |
|
Miscellaneous Liabilities Due After 1 Year |
5.033.000 |
4.668.000 |
- |
|
TOTAL LONG TERM LIABILITIES |
10.194.000 |
12.073.000 |
10.956.000 |
|
TOTAL LIABILITIES |
21.925.000 |
19.264.000 |
24.277.000 |
|
Called Up Share Capital |
200.000 |
200.000 |
200.000 |
|
Share Premium |
- |
- |
- |
|
Revenue Reserves |
5.552.000 |
4.203.000 |
2.963.000 |
|
Other Reserves |
40.000 |
40.000 |
40.000 |
|
TOTAL SHAREHOLDERS EQUITY |
5.793.000 |
4.443.000 |
3.203.000 |
Other
financials
|
Contingent Liabilities |
- |
520.000 |
520.000 |
|
Working Capital |
15.909.000 |
16.417.000 |
13.415.000 |
|
Net Worth |
5.793.000 |
4.443.000 |
3.203.000 |
Ratios
|
Pre-Tax Profit Margin |
2.35 % |
2.62 % |
-7.17 % |
|
Return On Capital Employed |
3.52 % |
4.02 % |
-6.91 % |
|
Return On Total Assets Employed |
5.01 % |
5.23 % |
-10.26 % |
|
Return On Net Assets Employed |
23.96 % |
27.93 % |
-88.01 % |
|
Sales/Net Working Capital |
3.71 |
2.88 |
2.93 |
|
Stock Turnover Ratio |
28.80 % |
33.80 % |
49.77 % |
|
Debtor Days |
57.86 |
45.99 |
62.70 |
|
Creditor Days |
43.60 |
16.53 |
45.64 |
|
Current Ratio |
2.36 |
3.28 |
2.01 |
|
Liquidity Ratio/Acid Test |
0.91 |
1.06 |
0.54 |
|
Current Debt Ratio |
2.03 |
1.62 |
4.16 |
|
Gearing |
206.08 % |
310.98 % |
378.08 % |
|
Equity In Percentage |
20.94 % |
18.78 % |
11.66 % |
|
Total Debt Ratio |
3.78 |
4.34 |
7.58 |
Share
capital structure
|
Issued Share Capital |
200.000 SEK |
Shareholders
No shareholders data for this company.
Current
directors
|
Name |
Appointment Date |
Position |
|
Hazem Kurda |
10/09/1993 |
Managing Director |
|
Bzar Fatah Saida |
14/06/2012 |
Substitute |
Previous
directors
|
Name |
Appointment Date |
Position |
Resignation Date |
|
Tavga Kurda |
04/10/2004 |
Substitute |
14/06/2012 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.06 |
|
|
1 |
Rs.102.35 |
|
Euro |
1 |
Rs.74.97 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAS |
|
|
|
|
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.