|
Report No. : |
302411 |
|
Report Date : |
10.02.2015 |
IDENTIFICATION DETAILS
|
Name : |
AKTIEBOLAGET TINGSTAD PAPPER |
|
|
|
|
Registered Office : |
Box 13013, 40251 Göteborg |
|
|
|
|
Country : |
Sweden |
|
|
|
|
Financials (as on) : |
2013 |
|
|
|
|
Date of Incorporation : |
16.05.1968 |
|
|
|
|
Com. Reg. No.: |
5561171199 |
|
|
|
|
Legal Form : |
Limited liability company |
|
|
|
|
Line of Business : |
Subject is engaged in wholesale of
packaging materials. |
|
|
|
|
No. of Employee : |
260 (2013) |
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. It has a modern distribution system, excellent internal and external communications, and a highly skilled labor force. In September 2003, Swedish voters turned down entry into the euro system concerned about the impact on the economy 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, of which the engineering sector accounts for about 50% of output and exports. Agriculture accounts for little more than 1% of GDP and of employment. Until 2008, Sweden was in the midst of a sustained economic upswing, boosted by increased domestic demand and strong exports. This, and robust finances, offered the center-right government considerable scope to implement its reform program aimed at increasing employment, reducing welfare dependence, and streamlining the state's role in the economy. Despite strong finances and underlying fundamentals, the Swedish economy slid into recession in the third quarter of 2008 and the contraction continued in 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 slipped in 2013, as a result of continued economic weakness in the EU - Sweden’s main export market.
|
Source
: CIA |
Company
Summary
|
|
|
|
Business Name |
AKTIEBOLAGET
TINGSTAD PAPPER |
|
|
Country |
SWEDEN |
|
|
Company Registration Number |
5561171199 |
|
|
Activity Code |
46762 |
|
|
Activity Description |
Wholesale of packaging materials |
|
|
Company Status |
Active (Active) |
|
|
Latest Turnover Figure |
1.454.692.000 SEK |
|
|
Latest Shareholder Equity
Figure |
625.169.000 SEK |
|
|
|
|
|
Basic
Information
|
|
|
|
Business Name |
Aktiebolaget Tingstad Papper |
|
|
Registered Company Name |
Aktiebolaget Tingstad Papper |
|
|
Company Registration Number |
5561171199 |
|
|
Country |
SWEDEN |
|
|
VAT Registration Number |
SE556117119901 |
|
|
Date of Company Registration |
16/05/1968 |
|
|
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 försäljning av papper en gros,
butiks- försäljning av papper, pappersgrossistverksamhet, e-handelsförsäljning av yrkeskläder, profilkläder,
arbetsskor, handskar och skyddsprodukter, försäljning och service av disk- |
|
|
|
||
|
Contact Address |
Box 13013, 40251 GÖTEBORG |
|
|
Contact Telephone Number |
031-7072000 |
|
|
|
|
|
Main
Address
|
|
|
|
Address |
Country |
Telephone |
|
Box 13013, 40251 GÖTEBORG |
SWEDEN |
031-7072000 |
|
Address |
Country |
|
Bjurögatan 27, 21124 |
SWEDEN |
|
Fallhammargatan 3 B, 72133 |
SWEDEN |
|
Solåsvägen 7, 55303 |
SWEDEN |
|
Tagenevägen 58, 42537 |
SWEDEN |
|
Wennerbergsgatan 10, 11258 |
SWEDEN |
|
Hovslagaregatan 10 BV, 29154 |
SWEDEN |
|
|
|
Activities
|
|
|
Activity Code |
Activity Description |
|
46762 |
Wholesale of packaging materials |
No email addresses for this company
www.tingstad.se
|
Year |
Number of Employees |
|
|
2013 |
260 |
|
|
2012 |
234 |
|
|
2011 |
214 |
|
|
2010 |
182 |
|
|
2009 |
163 |
|
|
|
|
|
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 |
46762 |
|
|
Activity Description |
Wholesale of packaging materials |
|
|
Industry Average Credit
Rating |
76 (1 - 100) |
|
|
Industry Average Credit
Limit |
313.000 |
|
|
Event Date |
Event Description |
|
|
|
23/01/2015 |
Company business activity, changed |
|
|
|
03/11/2014 |
Group Structure Change |
|
|
|
28/07/2014 |
Annual account, new |
|
|
|
28/07/2014 |
Group annual accout, new |
|
|
|
21/07/2014 |
Annual report (PDF), new |
|
|
|
05/12/2013 |
Company business activity, changed |
|
|
|
09/07/2013 |
Group Structure Change |
|
|
|
01/07/2013 |
Annual account, new |
|
|
|
01/07/2013 |
Group annual accout, new |
|
|
|
19/06/2013 |
Annual report (PDF), new |
|
|
|
04/06/2013 |
Certificate, registered |
|
|
|
07/05/2013 |
Certificate, deregistered |
|
|
|
06/08/2012 |
Annual account, new |
|
|
|
06/08/2012 |
Group annual accout, new |
|
|
|
11/07/2012 |
Annual report (PDF), new |
|
|
|
03/02/2012 |
Board, changed |
|
|
|
22/07/2011 |
Annual account, new |
|
|
|
22/07/2011 |
Group annual accout, new |
|
|
|
12/07/2011 |
Annual report (PDF), new |
|
|
|
12/07/2010 |
Annual account, new |
|
|
|
30/06/2010 |
Annual report (PDF), new |
|
|
|
|
|
|
|
Status
History
|
|
|
|
|
No status history events for this company |
|
|
|
|
|
|
|
|
Profit
and Loss
|
|||
|
Financial Year |
2013 |
2012 |
2011 |
|
Number of Weeks |
52 |
52 |
52 |
|
Currency |
SEK |
SEK |
SEK |
|
Consolidated Accounts |
No |
No |
No |
|
Revenue |
1.455.087.000 |
1.349.500.000 |
1.246.229.000 |
|
Operating Costs |
1.343.811.000 |
1.242.037.000 |
1.147.712.000 |
|
Operating Profit |
111.276.000 |
107.463.000 |
98.517.000 |
|
Wages & Salaries |
-150.529.000 |
-135.568.000 |
-123.932.000 |
|
Depreciation |
-12.414.000 |
-11.998.000 |
-11.219.000 |
|
Financial Income |
4.665.000 |
5.954.000 |
5.913.000 |
|
Financial Expenses |
-6.000 |
-1.175.000 |
-10.000 |
|
Extraordinary Income |
0 |
0 |
0 |
|
Extraordinary Costs |
0 |
0 |
0 |
|
Profit before Tax |
124.432.000 |
119.773.000 |
110.782.000 |
|
Tax |
-24.584.000 |
-27.509.000 |
-25.079.000 |
|
Profit after Tax |
99.848.000 |
92.264.000 |
85.703.000 |
|
Minority Interests |
0 |
0 |
0 |
|
Other Appropriations |
-14.720.000 |
-17.218.000 |
-19.338.000 |
|
Retained Profit |
85.128.000 |
75.046.000 |
66.365.000 |
Balance
Sheet
|
|
|
|
|
Financial Year |
2013 |
2012 |
2011 |
|
Number of Weeks |
52 |
52 |
52 |
|
Currency |
SEK |
SEK |
SEK |
|
Consolidated Accounts |
No |
No |
No |
|
Land & Buildings |
80.317.000 |
42.586.000 |
44.991.000 |
|
Plant & Machinery |
0 |
0 |
0 |
|
Other Tangible Assets |
241.045.000 |
64.509.000 |
16.867.000 |
|
Total Tangible Assets |
321.362.000 |
107.095.000 |
61.858.000 |
|
Goodwill |
13.767.000 |
14.650.000 |
19.783.000 |
|
Other Intangible Assets |
0 |
0 |
0 |
|
Total Intangible Assets |
13.767.000 |
14.650.000 |
19.783.000 |
|
Loans To Group |
0 |
0 |
0 |
|
Other Loans |
0 |
0 |
0 |
|
Miscellaneous Fixed Assets |
121.280.000 |
147.782.000 |
149.251.000 |
|
Total Other Fixed Assets |
121.280.000 |
147.782.000 |
149.251.000 |
|
TOTAL FIXED ASSETS |
456.409.000 |
269.527.000 |
230.892.000 |
|
Work In Progress |
0 |
0 |
0 |
|
Other Inventories |
154.558.000 |
138.094.000 |
130.508.000 |
|
Total Inventories |
154.558.000 |
138.094.000 |
130.508.000 |
|
Trade Receivables |
170.513.000 |
170.131.000 |
142.682.000 |
|
Group Receivables |
3.691.000 |
6.609.000 |
5.610.000 |
|
Miscellaneous Receivables |
26.443.000 |
26.579.000 |
30.239.000 |
|
Total Receivables |
200.647.000 |
203.319.000 |
178.531.000 |
|
Cash |
86.575.000 |
183.976.000 |
161.139.000 |
|
Other Current Assets |
84.244.000 |
100.374.000 |
87.969.000 |
|
TOTAL CURRENT ASSETS |
526.024.000 |
625.763.000 |
558.147.000 |
|
TOTAL ASSETS |
982.433.000 |
895.290.000 |
789.039.000 |
|
Trade Payables |
98.548.000 |
112.662.000 |
85.769.000 |
|
Bank Liabilities |
0 |
0 |
0 |
|
Group Payables |
0 |
0 |
0 |
|
Miscellaneous Liabilities |
61.097.000 |
49.687.000 |
52.593.000 |
|
TOTAL CURRENT LIABILITIES |
159.645.000 |
162.349.000 |
138.362.000 |
|
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 |
197.619.000 |
182.900.000 |
165.682.000 |
|
TOTAL LONG TERM LIABILITIES |
197.619.000 |
182.900.000 |
165.682.000 |
|
TOTAL LIABILITIES |
357.264.000 |
345.249.000 |
304.044.000 |
|
Called Up Share Capital |
10.000.000 |
10.000.000 |
10.000.000 |
|
Share Premium |
0 |
0 |
0 |
|
Revenue Reserves |
613.169.000 |
538.041.000 |
472.995.000 |
|
Other Reserves |
2.000.000 |
2.000.000 |
2.000.000 |
|
TOTAL SHAREHOLDERS EQUITY |
625.169.000 |
550.041.000 |
484.995.000 |
Other
Financials
|
|
|
|
|
Contingent Liabilities |
4.716.000 |
4.841.000 |
4.501.000 |
|
Working Capital |
366.379.000 |
463.414.000 |
419.785.000 |
|
Net Worth |
611.402.000 |
535.391.000 |
465.212.000 |
|
|
|
|
|
Ratios
|
|
|
|
|
Pre-Tax Profit Margin |
8.55 % |
8.88 % |
8.89 % |
|
Return On Capital Employed |
10.90 % |
11.32 % |
11.95 % |
|
Return On Total Assets
Employed |
12.67 % |
13.38 % |
14.04 % |
|
Return On Net Assets
Employed |
19.90 % |
21.78 % |
22.84 % |
|
Sales/Net Working Capital |
3.97 |
2.91 |
2.97 |
|
Stock Turnover Ratio |
10.62 % |
10.23 % |
10.47 % |
|
Debtor Days |
42.77 |
46.02 |
41.79 |
|
Creditor Days |
24.72 |
30.47 |
25.12 |
|
Current Ratio |
3.29 |
3.85 |
4.03 |
|
Liquidity Ratio/Acid Test |
2.33 |
3.00 |
3.09 |
|
Current Debt Ratio |
0.26 |
0.30 |
0.29 |
|
Gearing |
0 |
0 |
0 |
|
Equity In Percentage |
73.78 % |
75.05 % |
78.22 % |
|
Total Debt Ratio |
0.57 |
0.63 |
0.63 |
Share
Capital Structure
|
||
|
Issued Share Capital |
10.000.000 SEK |
|
|
|
|
|
Shareholders
|
|
|
|
No shareholders data for this company. |
|
|
|
|
|
|
Current
Directors
|
|
|
|
Name |
Appointment Date |
Position |
|
Håkan Waldemar Thylén |
14/11/2006 |
Actual Member of Board |
|
Dan Paul Jigberg |
14/11/2006 |
Actual Member of Board |
|
Dan Eive Jigberg |
16/05/1968 |
Actual Member of Board |
|
Ulf Lennart Carlsson |
14/11/2006 |
Actual Member of Board |
|
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 |
0 |
|
Number Of Revoked
Applications |
0 |
No Latest Public Claim for this company.
No Latest Private Claim for this company.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 62.14 |
|
|
1 |
Rs. 94.78 |
|
Euro |
1 |
Rs. 70.38 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.