|
Report Date : |
03.01.2015 |
IDENTIFICATION DETAILS
|
Name : |
GKN AEROSPACE SWEDEN AB |
|
|
|
|
Registered Office : |
46181 Trollhättan |
|
|
|
|
Country : |
Sweden |
|
|
|
|
Financials (as on) : |
2013 |
|
|
|
|
Date of Incorporation : |
04.06.1930 |
|
|
|
|
Com. Reg. No.: |
5560290347 |
|
|
|
|
Legal Form : |
Limited liability company |
|
|
|
|
Line of Business : |
Manufacture of air and spacecraft and related machinery |
|
|
|
|
No. of Employee : |
2089 |
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 – September 30, 2014
|
Country Name |
Previous Rating (30.06.2014) |
Current Rating (30.09.2014) |
|
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 |
|
Business Name |
GKN
Aerospace Sweden AB |
|
Country |
SWEDEN |
|
Company
Registration Number |
5560290347 |
|
Activity Code |
30300 |
|
Activity
Description |
Manufacture
of air and spacecraft and related machinery |
|
Company Status |
Active
(Active) |
|
Latest Turnover
Figure |
5.410.713.000
SEK |
|
Latest Shareholder
Equity Figure |
1.323.197.000
SEK |
|
Business Name |
GKN
Aerospace Sweden AB |
|
|
Registered Company
Name |
GKN
Aerospace Sweden AB |
|
|
Company
Registration Number |
5560290347 |
|
|
Country |
SWEDEN |
|
|
VAT Registration
Number |
SE556029034701 |
|
|
Date of Company
Registration |
04/06/1930 |
|
|
Legal Form |
Limited
liability company |
|
|
Company Status |
Active
(Active) |
|
|
Currency of this
Report |
SEK |
|
|
Principal Activity
Code |
No
code |
|
|
Principal Activity
Description |
Bolaget
skall tillverka och forsalja motorer och delar darav, bildetaljer,
hydraulmaskiner samt bedriva darmed forenlig verksamhet. |
|
|
Contact Address |
46181
TROLLHATTAN |
|
|
Contact Telephone
Number |
0520-94000 |
|
|
Address |
Country |
Telephone |
|
46181
TROLLHATTAN |
SWEDEN |
0520-94000 |
Address Country
No other addresses for this company
|
Activity
Code |
Activity
Description |
|
30300 |
Manufacture of air and spacecraft and related machinery |
|
28110 |
Manufacture of engines and turbines, except aircraft,
vehicle and cycle engines |
|
33160 |
Repair and maintenance of aircraft and spacecraft |
|
71122 |
Industrial engineering activities and related technical
consultancy |
|
33120 |
Repair of machinery |
|
Year |
Number
of Employees |
|
2013 |
2089 |
|
2012 |
2280 |
|
2011 |
2187 |
|
2010 |
2116 |
|
2009 |
2291 |
Auditor Name PricewaterhouseCoopers AB
Registered for FTax Yes
Registered for VAT Yes
Registered for Employee Tax Yes
Type Category Issuer
No certificate information for this company
|
Activity
Code |
30300 |
|
Activity
Description |
Manufacture of air and spacecraft and related machinery |
|
Event
Date |
Event Description |
|
23/10/2014 |
Authorised signatories
amended or new/amended vacancy text |
|
23/10/2014 |
Company representatives,
changed |
|
15/08/2014 |
Group Structure Change |
|
14/08/2014 |
Group Structure Change |
|
29/07/2014 |
Annual account, new |
|
23/07/2014 |
Annual report (PDF), new |
|
24/06/2014 |
Authorised signatories
amended or new/amended vacancy text |
|
24/06/2014 |
Company representatives,
changed |
|
13/05/2014 |
Group Structure Change |
|
27/02/2014 |
Authorised signatories amended
or new/amended vacancy text |
|
27/02/2014 |
Company representatives,
changed |
|
24/10/2013 |
Authorised signatories
amended or new/amended vacancy text |
|
24/10/2013 |
Company representatives,
changed |
|
17/10/2013 |
Group Structure Change |
|
24/09/2013 |
Group Structure Change |
|
09/09/2013 |
Group Structure Change |
|
06/09/2013 |
Group Structure Change |
|
30/08/2013 |
Group Structure Change |
|
29/08/2013 |
Group Structure Change |
|
27/08/2013 |
Group Structure Change |
|
26/08/2013 |
Group Structure Change |
|
23/08/2013 |
Group Structure Change |
|
21/08/2013 |
Group Structure Change |
|
16/08/2013 |
Group Structure Change |
|
15/08/2013 |
Group Structure Change |
|
12/08/2013 |
Annual account, new |
|
08/08/2013 |
Group Structure Change |
|
07/08/2013 |
Group Structure Change |
|
05/08/2013 |
Group Structure Change |
|
02/08/2013 |
Group Structure Change |
|
01/08/2013 |
Group Structure Change |
|
31/07/2013 |
Group Structure Change |
|
30/07/2013 |
Group Structure Change |
|
29/07/2013 |
Group Structure Change |
|
22/07/2013 |
Group Structure Change |
|
19/07/2013 |
Authorised signatories
amended or new/amended vacancy text |
|
19/07/2013 |
Company representatives,
changed |
|
17/07/2013 |
Annual report (PDF), new |
|
18/06/2013 |
Group Structure Change |
|
29/05/2013 |
Authorised signatories
amended or new/amended vacancy text |
|
29/05/2013 |
Company representatives,
changed |
|
07/05/2013 |
Authorised signatories
amended or new/amended vacancy text |
|
Event
Date |
Event Description |
|
07/05/2013 |
Company representatives,
changed |
|
07/05/2013 |
Certificate, deregistered |
|
27/11/2012 |
Authorised signatories
amended or new/amended vacancy text |
|
27/11/2012 |
Company representatives,
changed |
|
10/11/2012 |
Company representatives,
changed |
|
10/11/2012 |
Authorised signatories
amended or new/amended vacancy text |
|
16/10/2012 |
Company representatives,
changed |
|
11/10/2012 |
Authorised signatories
amended or new/amended vacancy text |
|
11/10/2012 |
Company representatives,
changed |
|
06/10/2012 |
Company representatives,
changed |
|
06/10/2012 |
Authorised signatories
amended or new/amended vacancy text |
|
03/10/2012 |
Company name, changed (old
name: Volvo Aero Aktiebolag) |
|
20/07/2012 |
Group annual accout, new |
|
20/07/2012 |
Annual account, new |
|
02/07/2012 |
Annual report (PDF), new |
|
28/06/2012 |
Company representatives,
changed |
|
28/06/2012 |
Board, changed |
|
28/06/2012 |
Authorised signatories
amended or new/amended vacancy text |
|
17/01/2012 |
Authorised signatories amended
or new/amended vacancy text |
|
17/01/2012 |
Board, changed |
|
17/01/2012 |
Company representatives,
changed |
|
07/10/2011 |
Annual account, new |
|
07/10/2011 |
Group annual accout, new |
|
30/09/2011 |
Annual report (PDF), new |
|
09/09/2011 |
Board, changed |
|
17/08/2011 |
Board, changed |
|
17/08/2011 |
Company representatives,
changed |
|
17/08/2011 |
Authorised signatories
amended or new/amended vacancy text |
|
13/08/2011 |
Authorised signatories
amended or new/amended vacancy text |
|
13/08/2011 |
Board, changed |
|
13/08/2011 |
Company representatives,
changed |
|
17/02/2011 |
Merge information, changed |
|
17/02/2011 |
Status, changed |
|
10/12/2010 |
Status, changed |
|
10/12/2010 |
Merge information, changed |
|
21/07/2010 |
Board, changed |
|
21/07/2010 |
Company representatives,
changed |
|
21/07/2010 |
Authorised signatory,
changed |
|
16/07/2010 |
Annual account, new |
|
12/07/2010 |
Annual report (PDF), new |
|
Financial
Year |
2013 |
2012 |
2011 |
|
Number
of Weeks |
52 |
52 |
52 |
|
Currency |
SEK |
SEK |
SEK |
|
Consolidated
Accounts |
No |
No |
No |
|
Revenue |
5.412.829.000 |
5.868.735.000 |
5.750.275.000 |
|
Operating
Costs |
5.002.128.000 |
7.023.507.000 |
5.518.393.000 |
|
Operating
Profit |
410.701.000 |
-1.154.772.000 |
231.882.000 |
|
Financial
Income |
1.560.000 |
62.760.000 |
25.652.000 |
|
Financial
Expenses |
-121.973.000 |
-62.307.000 |
-37.294.000 |
|
Extraordinary
Income |
0 |
0 |
0 |
|
Extraordinary
Costs |
0 |
0 |
0 |
|
Profit
before Tax |
290.288.000 |
-1.154.319.000 |
220.240.000 |
|
Tax |
-80.719.000 |
177.325.000 |
-8.818.000 |
|
Profit
after Tax |
209.569.000 |
-976.994.000 |
211.422.000 |
|
Minority
Interests |
0 |
0 |
0 |
|
Other
Appropriations |
67.881.000 |
273.725.000 |
-54.855.000 |
|
Retained
Profit |
277.450.000 |
-703.269.000 |
156.567.000 |
|
Financial
Year |
2013 |
2012 |
2011 |
|
Number
of Weeks |
52 |
52 |
52 |
|
Currency |
SEK |
SEK |
SEK |
|
Consolidated
Accounts |
No |
No |
No |
|
Land
& Buildings |
116.136.000 |
127.644.000 |
143.296.000 |
|
Plant
& Machinery |
882.237.000 |
962.780.000 |
1.065.353.000 |
|
Other
Tangible Assets |
51.158.000 |
78.757.000 |
68.729.000 |
|
Total
Tangible Assets |
1.049.531.000 |
1.169.181.000 |
1.277.378.000 |
|
Goodwill |
0 |
0 |
0 |
|
Other
Intangible Assets |
913.074.000 |
954.887.000 |
1.142.945.000 |
|
Total
Intangible Assets |
913.074.000 |
954.887.000 |
1.142.945.000 |
|
Loans
To Group |
0 |
0 |
0 |
|
Other
Loans |
0 |
0 |
0 |
|
Miscellaneous
Fixed Assets |
775.087.000 |
840.052.000 |
811.972.000 |
|
Total
Other Fixed Assets |
775.087.000 |
840.052.000 |
811.972.000 |
|
TOTAL
FIXED ASSETS |
2.737.692.000 |
2.964.120.000 |
3.232.295.000 |
|
Work
In Progress |
0 |
0 |
0 |
|
Other
Inventories |
1.454.611.000 |
1.551.766.000 |
1.658.128.000 |
|
Total
Inventories |
1.454.611.000 |
1.551.766.000 |
1.658.128.000 |
|
Trade
Receivables |
1.249.430.000 |
1.229.310.000 |
224.299.000 |
|
Group
Receivables |
1.262.677.000 |
20.561.000 |
1.991.992.000 |
|
Miscellaneous
Receivables |
565.297.000 |
510.408.000 |
796.723.000 |
|
Total
Receivables |
3.077.404.000 |
1.760.279.000 |
3.013.014.000 |
|
Cash |
3.217.000 |
566.216.000 |
9.000 |
|
Other
Current Assets |
0 |
0 |
0 |
|
TOTAL
CURRENT ASSETS |
4.535.232.000 |
3.878.261.000 |
4.671.151.000 |
|
TOTAL
ASSETS |
7.272.924.000 |
6.842.381.000 |
7.903.446.000 |
|
Trade
Payables |
645.151.000 |
621.585.000 |
822.973.000 |
|
Bank
Liabilities |
0 |
0 |
0 |
|
Group
Payables |
781.355.000 |
699.738.000 |
413.423.000 |
|
Miscellaneous
Liabilities |
2.170.294.000 |
1.990.502.000 |
2.154.954.000 |
|
TOTAL
CURRENT LIABILITIES |
3.596.800.000 |
3.311.825.000 |
3.391.350.000 |
|
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 |
1.715.000 |
|
Miscellaneous
Liabilities Due After 1 Year |
2.352.927.000 |
2.484.809.000 |
2.201.261.000 |
|
TOTAL
LONG TERM LIABILITIES |
2.352.927.000 |
2.484.809.000 |
2.202.976.000 |
|
TOTAL
LIABILITIES |
5.949.727.000 |
5.796.634.000 |
5.594.326.000 |
|
Called
Up Share Capital |
140.000.000 |
140.000.000 |
140.000.000 |
|
Share
Premium |
0 |
0 |
0 |
|
Revenue
Reserves |
1.155.197.000 |
866.147.000 |
2.221.198.000 |
|
Other
Reserves |
28.000.000 |
39.600.000 |
-52.078.000 |
|
TOTAL
SHAREHOLDERS EQUITY |
1.323.197.000 |
1.045.747.000 |
2.309.120.000 |
|
Contingent
Liabilities |
452.964.000 |
460.507.000 |
528.524.000 |
|
Working
Capital |
938.432.000 |
566.436.000 |
1.279.801.000 |
|
Net
Worth |
410.123.000 |
90.860.000 |
1.166.175.000 |
|
Pre-Tax
Profit Margin |
5.36 % |
-19.67 % |
3.83 % |
|
Return
On Capital Employed |
2.67 % |
-11.37 % |
1.95 % |
|
Return
On Total Assets Employed |
3.99 % |
-16.87 % |
2.79 % |
|
Return
On Net Assets Employed |
21.94 % |
-110.38 % |
9.54 % |
|
Sales/Net
Working Capital |
5.77 |
10.36 |
4.49 |
|
Stock Turnover
Ratio |
|
26.87
% |
26.44 % |
28.84
% |
|
Debtor Days |
|
84.25 |
76.46 |
14.24 |
|
Creditor Days |
|
43.50 |
38.66 |
52.24 |
|
Current Ratio |
|
1.26 |
1.17 |
1.38 |
|
Liquidity
Ratio/Acid Test |
|
0.86 |
0.70 |
0.89 |
|
Current Debt Ratio |
|
2.72 |
3.17 |
1.47 |
|
Gearing |
|
13.05
% |
9.47 % |
1.08
% |
|
Equity In
Percentage |
|
23.69
% |
20.72 % |
38.82
% |
|
Total Debt Ratio |
|
4.50 |
5.54 |
2.42 |
Issued
Share Capital 140.000.000 SEK
No shareholders data
for this company.
|
Name |
Appointment
Date |
Position
|
|
McCann, Michael |
22/10/2014 |
Chairman of Board |
|
Jorgen Inge Ragnvald Moschini |
23/06/2014 |
Executive Vice President |
|
Mats Thore Eriksson |
09/11/2012 |
Actual Member of Board |
|
Name |
Appointment Date |
Position |
|
|
Nils Anders Joakim Andersson |
22/10/2014 |
Actual Member of Board |
|
|
Sven Anders Gorgen Johansson |
09/11/2012 |
Actual Member of Board |
|
|
Ulf Gunnar Brunius |
05/10/2012 |
Actual Member of Board |
|
|
Annika Margita Norlenius |
18/07/2013 |
Substitute |
|
|
John Olof Andreas Parkas |
18/07/2013 |
Substitute |
|
|
Name |
Appointment Date |
Position |
Resignation Date |
|
Torsten
Per Martin Wanblom |
18/07/2013 |
Chairman
of Board |
22/10/2014 |
|
Kelly,
Liam John |
06/05/2013 |
Actual
Member of Board |
26/02/2014 |
|
Tomas
Goran Bergendahl |
06/05/2013 |
Chairman
of Board |
18/07/2013 |
|
Tonnie
John Bertil Andersson |
09/11/2012 |
Substitute |
18/07/2013 |
|
Tommy
Bo Ingvar Pettersson |
09/11/2012 |
Substitute |
18/07/2013 |
|
Staffan
Ake Zackrisson |
26/11/2012 |
Chairman
of Board |
06/05/2013 |
|
Beck,
Michael Andrew |
10/10/2012 |
Managing
Director |
26/11/2012 |
|
Kelly,
Liam John |
05/10/2012 |
Actual
Member of Board |
26/11/2012 |
|
Oldfield,
Richard Mark |
05/10/2012 |
Actual
Member of Board |
26/11/2012 |
|
Sven
Hakan Karlsson |
14/01/2012 |
Actual
Member of Board |
05/10/2012 |
|
Anders
Mats Olof Osberg |
10/07/2008 |
Actual
Member of Board |
05/10/2012 |
|
Mats
Thore Eriksson |
29/07/1999 |
Actual
Member of Board |
27/06/2012 |
|
Sven
Anders Gorgen Johansson |
20/07/2010 |
Actual
Member of Board |
27/06/2012 |
|
Ulf
Erik Gosta Berg |
21/07/2004 |
Actual
Member of Board |
14/01/2012 |
|
Didolf
Mikael Bratt |
10/07/2008 |
Actual
Member of Board |
14/01/2012 |
|
Sten
Hakan Bryngelsson |
10/07/2008 |
Actual
Member of Board |
14/01/2012 |
|
Lars
Goran Moberg |
05/08/1998 |
Actual
Member of Board |
14/01/2012 |
|
Jan
Erik Sundgren |
16/02/2009 |
Actual
Member of Board |
14/01/2012 |
|
Frank
Christer Herbert Daag |
13/11/1991 |
Actual
Member of Board |
20/07/2010 |
|
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 |
3 |
Latest Public Claim
Debt Balance
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.63.28 |
|
|
1 |
Rs.98.38 |
|
Euro |
1 |
Rs.76.30 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
DPT |
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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risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.