MIRA INFORM REPORT

 

 

Report No. :

356969

Report Date :

26.12.2015

 

IDENTIFICATION DETAILS

 

Name :

ATLAS COPCO ROCK DRILLS AKTIEBOLAG

 

 

Registered Office :

70191 Örebro

 

 

Country :

Sweden

 

 

Financials (as on) :

2014

 

 

Date of Incorporation :

27.03.1961

 

 

Com. Reg. No.:

5560779018

 

 

Legal Form :

Limited liability company

 

 

Line of Business :

  • Manufacture of machinery for mining, quarrying and construction.
  • Wholesale of other intermediate products
  • Manufacture of trucks and other heavy motor vehicles

 

 

No. of Employee :

1560

 

 

 

 

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 Summary

 

Business Name

Atlas Copco Rock Drills Aktiebolag

Country

SWEDEN

Company Registration Number

5560779018

Activity Code

28920

Activity Description

Manufacture of machinery for mining, quarrying and construction

Company Status

Active (Active)

Latest Turnover Figure

7.961.808.000 SEK

Latest Shareholder Equity Figure

454.575.000 SEK

 

 

Basic Information

 

Business Name

Atlas Copco Rock Drills Aktiebolag

Registered Company Name

Atlas Copco Rock Drills Aktiebolag

Company Registration Number

5560779018

Country

SWEDEN

VAT Registration Number

SE556077901801

Date of Company Registration

27/03/1961

Legal Form

Limited liability company

Company Status

Active (Active)

Currency of this Report

SEK

Principal Activity Code

No code

Principal Activity Description

Bolaget skall bedriva, direkt eller genom hel- eller delägda företag, mekanisk verkstadsrörelse och utöva annan

 

därmed förenlig verksamhet.

Contact Address

70191 ÖREBRO

Contact Telephone Number

019-6707000

 

 

Main Address

 

Address

70191 ÖREBRO

Country

SWEDEN

Telephone

019-6707000

 

 

Other Addresses

 

Address

Country

 

Address

Gällerstavägen 117, 70221

Country

SWEDEN

Address

Tackjärnsgatan 8, 70363

Country

SWEDEN

 

 

Activities

 

Activity Code

Activity Description

 

28920

Manufacture of machinery for mining, quarrying and construction

46769

Wholesale of other intermediate products n.e.c.

29102

Manufacture of trucks and other heavy motor vehicles

 

 

Email Addresses

 

rde@se.atlascopco.com

 

 

Web Pages

 

No websites for this company

 

 

Employee Information

 

Year

Number of Employees

2014

1560

2013

1698

2012

1767

2011

1546

2010

1272

 

 


Advisors

 

Auditor Name                          Deloitte 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

28920

Activity Description

Manufacture of machinery for mining, quarrying and construction

 

 

Event History

 

Event Date

 

Event Description

24/08/2015

Group Structure Change

29/07/2015

Group Structure Change

23/07/2015

Group Structure Change

07/07/2015

Group Structure Change

02/07/2015

Group Structure Change

23/06/2015

Annual account, new

16/06/2015

Annual report (PDF), new

05/06/2015

Group Structure Change

29/05/2015

Group Structure Change

26/05/2015

Group Structure Change

12/05/2015

Group Structure Change

05/05/2015

Group Structure Change

01/05/2015

Group Structure Change

28/04/2015

Group Structure Change

23/10/2014

Group Structure Change

10/10/2014

Group Structure Change

01/10/2014

Group Structure Change

30/09/2014

Certificate, deregistered

19/09/2014

Group Structure Change

18/09/2014

Group Structure Change

02/09/2014

Authorised signatories amended or new/amended vacancy text

02/09/2014

Company representatives, changed

25/08/2014

Group Structure Change

18/08/2014

Group Structure Change

11/08/2014

Group Structure Change

06/08/2014

Group Structure Change

30/07/2014

Group Structure Change

21/07/2014

Group Structure Change

17/07/2014

Group Structure Change

15/07/2014

Group Structure Change

10/07/2014

Annual account, new

04/07/2014

Annual report (PDF), new

03/07/2014

Group Structure Change

25/06/2014

Group Structure Change

12/06/2014

Group Structure Change

10/06/2014

Group Structure Change

11/04/2014

Company representatives, changed

11/04/2014

Authorised signatories amended or new/amended vacancy text

30/10/2013

Authorised signatories amended or new/amended vacancy text

30/10/2013

Company representatives, changed

14/10/2013

Group Structure Change

01/10/2013

Group Structure Change

27/09/2013

Group Structure Change

24/09/2013

Group Structure Change

05/09/2013

Group Structure Change

28/08/2013

Group Structure Change

27/08/2013

Group Structure Change

15/08/2013

Group Structure Change

29/07/2013

Group Structure Change

25/07/2013

Group Structure Change

22/07/2013

Group Structure Change

17/07/2013

Group Structure Change

11/07/2013

Group Structure Change

09/07/2013

Annual account, new

27/06/2013

Annual report (PDF), new

18/06/2013

Group Structure Change

14/06/2013

Group Structure Change

07/06/2013

Group Structure Change

20/05/2013

Group Structure Change

24/10/2012

Company representatives, changed

24/10/2012

Authorised signatories amended or new/amended vacancy text

09/10/2012

Annual account, new

02/10/2012

Certificate, registered

04/09/2012

Company representatives, changed

04/09/2012

Authorised signatories amended or new/amended vacancy text

08/08/2012

Annual report (PDF), new

19/07/2012

Board, changed

03/07/2012

Certificate, deregistered

11/04/2012

Authorised signatories amended or new/amended vacancy text

11/04/2012

Board, changed

11/04/2012

Company representatives, changed

01/11/2011

Authorised signatories amended or new/amended vacancy text

01/11/2011

Board, changed

01/11/2011

Company representatives, changed

29/09/2011

Annual account, new

06/09/2011

Authorised signatories amended or new/amended vacancy text

06/09/2011

Company representatives, changed

06/09/2011

Board, changed

06/09/2011

Certificate, registered

17/08/2011

Annual report (PDF), new

16/08/2011

Authorised signatories amended or new/amended vacancy text

16/08/2011

Company representatives, changed

16/08/2011

Board, changed

29/03/2011

Phone number, new

29/03/2011

Fax number, new

06/12/2010

Certificate, registered

19/10/2010

Authorised signatories amended or new/amended vacancy text

19/10/2010

Board, changed

19/10/2010

Company representatives, changed

22/09/2010

Company representatives, changed

22/09/2010

Board, changed

 

 

Status History

 

No status history events for this company

 

 

Profit and Loss

 

Financial Year

 

2014

2013

2012

Number of Weeks

52

52

52

Currency

SEK

SEK

SEK

Consolidated Accounts

No

No

No

Revenue

8.059.118.000

9.148.087.000

12.838.475.000

Operating Costs

5.874.069.000

6.920.613.000

9.015.863.000

Operating Profit

2.185.049.000

2.227.474.000

3.822.612.000

Financial Income

1.028.000

4.959.000

13.106.000

Financial Expenses

-5.680.000

-8.179.000

-6.190.000

Extraordinary Income

-

-

-

Extraordinary Costs

-

-

-

Profit before Tax

2.180.396.000

2.224.253.000

3.829.528.000

Tax

-4.136.000

-639.673.000

-1.012.879.000

Profit after Tax

2.176.260.000

1.584.580.000

2.816.649.000

Minority Interests

-

-

-

Other Appropriations

-2.169.995.000

26.623.000

10.472.000

Retained Profit

6.266.000

1.611.203.000

2.827.122.000

 

 

Balance Sheet

 

Financial Year

 

2014

2013

2012

Number of Weeks

52

52

52

Currency

SEK

SEK

SEK

Consolidated Accounts

No

No

No

Land & Buildings

147.768.000

148.640.000

157.137.000

Plant & Machinery

45.863.000

46.644.000

60.010.000

Other Tangible Assets

489.784.000

478.816.000

332.737.000

Total Tangible Assets

683.415.000

674.100.000

549.884.000

Goodwill

31.420.000

2.306.000

3.330.000

Other Intangible Assets

126.095.000

74.273.000

42.901.000

Total Intangible Assets

157.515.000

76.579.000

46.231.000

Loans To Group

-

-

-

Other Loans

-

-

-

Miscellaneous Fixed Assets

10.165.000

7.223.000

4.181.000

Total Other Fixed Assets

10.165.000

7.223.000

4.181.000

TOTAL FIXED ASSETS

851.095.000

757.902.000

600.297.000

Work In Progress

-

-

-

Other Inventories

1.244.177.000

1.288.854.000

1.565.882.000

Total Inventories

1.244.177.000

1.288.854.000

1.565.882.000

Trade Receivables

184.747.000

163.519.000

327.033.000

Group Receivables

1.011.136.000

1.086.966.000

1.800.918.000

Miscellaneous Receivables

112.842.000

188.936.000

223.183.000

Total Receivables

1.308.725.000

1.439.421.000

2.351.134.000

Cash

928.070.000

1.038.716.000

2.042.074.000

Other Current Assets

-

-

-

TOTAL CURRENT ASSETS

3.480.972.000

3.766.991.000

5.959.091.000

TOTAL ASSETS

4.332.067.000

4.524.893.000

6.559.388.000

Trade Payables

1.141.382.000

1.140.755.000

1.580.237.000

Bank Liabilities

-

-

-

Group Payables

2.276.186.000

2.358.294.000

3.949.208.000

Miscellaneous Liabilities

280.255.000

426.281.000

252.229.000

TOTAL CURRENT LIABILITIES

3.697.823.000

3.925.330.000

5.781.674.000

Bank Liabilities Due After 1 Year

-

-

-

Other Loans Or Finance Due After 1 Year

-

-

-

Group Payables Due After 1 Year

-

-

-

Miscellaneous Liabilities Due After 1 Year

179.669.000

151.253.000

194.578.000

TOTAL LONG TERM LIABILITIES

179.669.000

151.253.000

194.578.000

TOTAL LIABILITIES

3.877.492.000

4.076.583.000

5.976.252.000

Called Up Share Capital

100.000.000

100.000.000

100.000.000

Share Premium

-

-

-

Revenue Reserves

319.575.000

2.059.340.000

448.136.000

Other Reserves

35.000.000

-1.711.030.000

35.000.000

TOTAL SHAREHOLDERS EQUITY

454.575.000

448.310.000

583.136.000

 

 

Other Financials

 

Contingent Liabilities

4.854.000

4.484.000

4.166.000

Working Capital

-216.851.000

-158.339.000

177.417.000

Net Worth

297.060.000

371.731.000

536.905.000

 

 

Ratios

 

Pre-Tax Profit Margin

27.06 %

24.31 %

29.83 %

Return On Capital Employed

27.15 %

26.32 %

31.03 %

Return On Total Assets Employed

50.33 %

49.16 %

58.38 %

Return On Net Assets Employed

479.66 %

496.14 %

656.71 %

Sales/Net Working Capital

-37.16

-57.78

72.36

Stock Turnover Ratio

15.44 %

14.09 %

12.20 %

Debtor Days

8.37

6.52

9.30

Creditor Days

51.69

45.52

44.93

Current Ratio

0.94

0.96

1.03

Liquidity Ratio/Acid Test

0.60

0.63

0.76

 

 


Share Capital Structure

 

Issued Share Capital

100.000.000 SEK

 

 

 

Shareholders

 

No shareholders data for this company.

 

 

Current Directors

 

Name

 

Appointment Date

Position

Johan Alexander Halling

29/10/2013

Actual Member of Board

Per Ernst Andreas Nordbrant

29/08/2014

Actual Member of Board

Karl Mårten Karlsson

10/04/2014

Actual Member of Board

Kjell Åke Pettersson

11/03/2008

Actual Member of Board

Mats Thomas Dahlgren

10/04/2014

Actual Member of Board

Pär Mikael Aneman

29/08/2014

Actual Member of Board

Ulf Ragnar Ström

10/04/2014

Substitute

 

 

Previous Directors

 

Name

 

Appointment Date

Position

Resignation Date

Joel Scott Barker

10/04/2014

Managing Director

29/08/2014

Eva Kristina Margaretha Kanestad

11/03/2008

Actual Member of Board

29/08/2014

Ulf Ragnar Ström

17/06/2010

Actual Member of Board

10/04/2014

Erik Daniel Rundgren

17/06/2010

Substitute

10/04/2014

Robert Frank Fassl

03/09/2012

Foreign Resident outside the EEA

29/10/2013

Jakobus Daniel Malan

06/07/2009

Actual Member of Board

10/04/2012

Afsane Rimmerfors Jafari

31/10/2011

Substitute

10/04/2012

Björn Klas Otto Rosengren

05/09/2011

Foreign Resident in the EEA

31/10/2011

Joseph Khalil Saliba

27/05/2009

Substitute

31/10/2011

 

 

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

 2

Number Of Applications

 3

Number Of Revoked Applications

 17

 

 

Latest Public Claim

 

No Latest Public Claim for this company

 

 

Latest Private Claim

 

Date

2014-03-13

 

 

Amount

46888 (SEK)

Currency

SEK

Creditor

Dustin Aktiebolag

Comments

Descision reopen on court: 2014-03-21

 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.66.20

UK Pound

1

Rs.98.30

Euro

1

Rs.72.41

SEK

1

Rs.7.82

Note : Above are approximate rates obtained from sources believed to be correct

 

 

INFORMATION DETAILS

 

Analysis Done by :

TRI

 

 

Report Prepared by :

TRU

 


 

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.