MIRA INFORM REPORT

Report No. :	309067
Report Date :	23.02.2015

IDENTIFICATION DETAILS

Name :	SWEDOR TECH AB

Registered Office :	Sollentunavägen 135 F, 19144 Sollentuna

Country :	Sweden

Financials (as on) :	2014

Date of Incorporation :	12.01.2009

Com. Reg. No.:	5567757678

Legal Form :	Limited Liability Company

Line of Business :	Wholesale of Other Household Goods n.e.c.

No. of Employees :	2

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
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

Status :	Moderate

Payment Behaviour :	Slow

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

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	Swedor Tech AB
Country	SWEDEN
Company Registration Number	5567757678
Activity Code	46499
Activity Description	Wholesale of other household goods n.e.c.
Company Status	Active (Active)
Latest Turnover Figure	23.879.000 SEK
Latest Shareholder Equity Figure	-317.000 SEK

Basic Information

Business Name	Swedor Tech AB
Registered Company Name	Swedor Tech AB
Company Registration Number	5567757678
Country	SWEDEN
VAT Registration Number	SE556775767801
Date of Company Registration	12/01/2009
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 on its own, or in the commission on behalf of others, engage in production and sales of chemical and organic fertilizers, carry on accommodation and food and related business.

Contact Address	Sollentunavägen 135 F, 19144 SOLLENTUNA
Contact Telephone Number	072-3248338

Main Address

Address

Country

Telephone

Sollentunavägen 135 F, 19144 SOLLENTUNA

SWEDEN

072-3248338

Other Addresses

Address	Country
No other addresses for this company

Activities

Activity Code	Activity Description
46499	Wholesale of other household goods 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	2
2013	3
2012	3
2011	3
2010	0

Advisors

Auditor Name

Stig Michael Johansson

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	46499
Activity Description	Wholesale of other household goods n.e.c.

Event History

Event Date	Event Description
20/02/2015	Limit, decrease
20/02/2015	Annual account, new
13/02/2015	Annual report (PDF), new

Event Date	Event Description
25/11/2014	Authorised signatories amended or new/amended vacancy text
25/11/2014	Company representatives, changed
25/11/2014	Limit, increase
26/03/2014	Annual account, new
20/03/2014	Annual report (PDF), new
26/02/2013	Annual account, new
21/02/2013	Annual report (PDF), new
27/11/2012	Phone number, changed
22/02/2012	Annual account, new
10/02/2012	Annual report (PDF), new
02/07/2011	Company representatives, changed
02/07/2011	Board, changed
02/07/2011	Limit, decrease
02/07/2011	Authorised signatories amended or new/amended vacancy text
27/04/2011	Address, changed
29/03/2011	Phone number, new
24/12/2010	Annual account, new
17/12/2010	Annual report (PDF), new
03/07/2010	Board, changed
03/07/2010	Address, changed
03/07/2010	Company representatives, changed
03/07/2010	Authorised signatory, 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	24.054.000	34.062.000	12.652.000
Operating Costs	24.469.000	33.716.000	12.529.000
Operating Profit	-415.000	346.000	123.000
Wages & Salaries	-491.000	-690.000	-727.000
Depreciation	-4.000	-5.000	-5.000
Financial Income	0	217.000	0
Financial Expenses	-93.000	-464.000	-125.000
Extraordinary Income	0	0	0
Extraordinary Costs	0	0	0
Profit before Tax	-509.000	100.000	-2.000
Tax	0	-47.000	0
Profit after Tax	-509.000	53.000	-2.000
Minority Interests	0	0	0
Other Appropriations	0	0	0
Retained Profit	-509.000	53.000	-2.000

Balance Sheet

Financial Year	2014	2013	2012
Number of Weeks	52	52	52
Currency	SEK	SEK	SEK
Consolidated Accounts	No	No	No
Land & Buildings	0	0	0
Plant & Machinery	0	2.000	0
Other Tangible Assets	0	2.000	8.000
Total Tangible Assets	0	4.000	8.000
Goodwill	0	0	0
Other Intangible Assets	0	0	0
Total Intangible Assets	0	0	0
Loans To Group	0	0	0
Other Loans	0	0	0
Miscellaneous Fixed Assets	916.000	916.000	916.000
Total Other Fixed Assets	916.000	916.000	916.000
TOTAL FIXED ASSETS	916.000	920.000	925.000
Work In Progress	0	0	0
Other Inventories	0	86.000	0
Total Inventories	0	86.000	0
Trade Receivables	1.740.000	3.024.000	587.000
Group Receivables	0	0	0
Miscellaneous Receivables	1.277.000	114.000	5.000
Total Receivables	3.017.000	3.138.000	592.000
Cash	51.000	4.439.000	1.048.000
Other Current Assets	0	0	0
TOTAL CURRENT ASSETS	3.067.000	7.664.000	1.640.000
TOTAL ASSETS	3.984.000	8.584.000	2.565.000
Trade Payables	2.536.000	6.799.000	755.000
Bank Liabilities	0	0	0
Group Payables	0	823.000	823.000
Miscellaneous Liabilities	669.000	426.000	504.000
TOTAL CURRENT LIABILITIES	3.205.000	8.048.000	2.082.000
Bank Liabilities Due After 1 Year	0	345.000	345.000
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	1.096.000	0	0
TOTAL LONG TERM LIABILITIES	1.096.000	345.000	345.000
TOTAL LIABILITIES	4.301.000	8.393.000	2.427.000
Called Up Share Capital	100.000	100.000	100.000
Share Premium	0	0	0
Revenue Reserves	-417.000	91.000	38.000
Other Reserves	0	0	0
TOTAL SHAREHOLDERS EQUITY	-317.000	191.000	138.000

Other Financials

Contingent Liabilities	0	0	0
Working Capital	-138.000	-384.000	-442.000
Net Worth	-317.000	191.000	138.000

Ratios

Pre-Tax Profit Margin	-2.12 %	0.29 %	-0.02 %
Return On Capital Employed	-7.08 %	0.60 %	-0.04 %
Return On Total Assets Employed	-12.78 %	1.16 %	-0.08 %
Return On Net Assets Employed	160.57 %	52.36 %	-1.45 %
Sales/Net Working Capital	-174.30	-88.70	-28.62
Stock Turnover Ratio	0	0.25 %	0
Debtor Days	26.40	32.40	16.93
Creditor Days	38.48	72.86	21.78
Current Ratio	0.96	0.95	0.79
Liquidity Ratio/Acid Test	0.96	0.94	0.79
Current Debt Ratio	-10.11	42.14	15.09
Gearing	-345.74 %	180.63 %	250.00 %
Equity In Percentage	-10.34 %	2.49 %	8.37 %
Total Debt Ratio	-13.57	43.94	17.59

Share Capital Structure

Issued Share Capital

100.000 SEK

Shareholders

No shareholders data for this company.

Current Directors

Name	Appointment Date	Position
Orkhan-Kemal Magaramov	13/03/2009	Actual Member of Board
Vera Andreeva	24/11/2014	Substitute

Previous Directors

Name	Appointment Date	Position	Resignation Date
Agaev, Firudin	02/07/2010	Substitute	01/07/2011
Lars Wilhelm Biertz	12/10/2009	Managing Director	02/07/2010

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
Record of Non Payment
Number Of Distraint Or Repossessions	0
Number Of Public Claims	3
Number Of Private Claims	0
Number Of Applications	0
Number Of Revoked Applications	0
Latest Public Claim
Type	Roadtraffic-tax
Date	2014-10-22
Amount	3390 (SEK)
Currency	SEK
Latest Private Claim
No Latest Private Claim for this company

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.62.26
UK Pound	1	Rs.96.01
Euro	1	Rs.70.72

INFORMATION DETAILS

Analysis Done by :	DIV

Report Prepared by :	NIT

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%)

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