|
Report No. : |
302700 |
|
Report Date : |
09.01.2015 |
IDENTIFICATION DETAILS
|
Name : |
VOLVO CONSTRUCTION EQUIPMENT AB |
|
|
|
|
Registered Office : |
63185 Eskilstuna |
|
|
|
|
Country : |
Sweden |
|
|
|
|
Financials (as on) : |
2013 |
|
|
|
|
Date of Incorporation : |
01.06.1923 |
|
|
|
|
Com. Reg. No.: |
5560219338 |
|
|
|
|
Legal Form : |
Limited liability company |
|
|
|
|
Line of Business : |
Manufacture of machinery for mining,
quarrying and construction |
|
|
|
|
No. of Employees : |
3990 |
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 : |
Slow but correct |
|
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 |
VOLVO CONSTRUCTION EQUIPMENT AB |
|
Country |
SWEDEN |
|
Company
Registration Number |
5560219338 |
|
Activity
Code |
28920 |
|
Activity
Description |
Manufacture
of machinery for mining, quarrying and construction |
|
Company
Status |
Active
(Active) |
Basic Information
|
|
|
Business
Name |
VOLVO CONSTRUCTION EQUIPMENT AB |
|
Registered
Company Name |
VOLVO CONSTRUCTION EQUIPMENT AB |
|
Company
Registration Number |
5560219338 |
|
Country |
SWEDEN |
|
VAT
Registration Number |
SE556021933801 |
|
Date of
Company Registration |
01/06/1923 |
|
Legal Form |
Limited
liabilit company |
|
Company
Status |
Active
(Active) |
|
Currency of
this Report |
SEK |
|
Principal Activity
Code |
No code |
|
Principal
Activity Description |
Bolaget
skall avse fabriksrorelse och handel betraffande mekaniska verkstadsprodukter
sasom entreprenad- och jordbruksmaskiner samt annan darmed forenlig verksamhet.
En del av bolagets verksamhet skall harvid avse forsaljning av skalmodeller
av mekaniska |
|
Contact
Address |
63185
ESKILSTUNA |
|
Contact
Telephone Number |
016-151000 |
|
Main
Address |
|
|
Address |
Country Telephone |
|
63185 ESKILSTUNA |
SWEDEN
016-151000 |
Othe Addresses
|
|
|
Add ess |
Count y |
|
Styckasvagen 1, 67132 |
SWEDEN |
|
Esplanaden 1, 69435 |
SWEDEN |
|
Carl Lihnells Vag 2, 36042 |
SWEDEN |
Activities
|
|
|
Activity
Code |
Activity Description |
|
28920 |
Manufacture
of machinery for mining, quarrying and construction |
|
72190 |
Other
research and experimental development on natural sciences and engineering |
|
46630 |
Wholesale
of mining, construction and civil engineering machinery |
|
71122 |
Industrial
engineering activities and related technical consultancy |
Email Addresses
No email addresses for this company
Web Pages
No websites for this company
Employee Information
|
||
|
Year |
Number of Employees |
|
|
2013 |
3990 |
|
|
2012 |
4116 |
|
|
2011 |
4579 |
|
|
2010 |
3817 |
|
|
2009 |
3858 |
|
Auditor Name PricewaterhouseCoopers AB
Tax Registrations
|
|
|
Registered
for FTax |
Yes |
|
Registered
for VAT |
Yes |
|
Registered
for Employee Tax |
Yes |
|
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 Date |
Event Description |
|
30/12/2014 |
Merge
information, changed |
|
30/12/2014 |
Status,
changed |
|
13/11/2014 |
Group
Structure Change |
|
12/11/2014 |
Group
Structure Change |
|
07/11/2014 |
Group
Structure Change |
|
21/10/2014 |
Group
Structure Change |
|
18/10/2014 |
Status,
changed |
|
16/10/2014 |
Group
Structure Change |
|
14/10/2014 |
Group
Structure Change |
|
09/10/2014 |
Group
Structure Change |
|
29/09/2014 |
Group
Structure Change |
|
25/09/2014 |
Group
Structure Change |
|
24/09/2014 |
Group Structure
Change |
|
18/09/2014 |
Group
Structure Change |
|
04/09/2014 |
Group
Structure Change |
|
01/09/2014 |
Group
Structure Change |
|
29/08/2014 |
Group
Structure Change |
|
27/08/2014 |
Group
Structure Change |
|
25/08/2014 |
Group
Structure Change |
|
18/08/2014 |
Group
Structure Change |
|
15/08/2014 |
Group
Structure Change |
|
13/08/2014 |
Group
Structure Change |
|
12/08/2014 |
Group
Structure Change |
|
08/08/2014 |
Annual
account, new |
|
08/08/2014 |
Group
Structure Change |
|
07/08/2014 |
Group Structure
Change |
|
06/08/2014 |
Group
Structure Change |
|
04/08/2014 |
Group
Structure Change |
|
04/08/2014 |
Annual
report (PDF), new |
|
31/07/2014 |
Group
Structure Change |
|
28/07/2014 |
Group
Structure Change |
|
25/07/2014 |
Group
Structure Change |
|
24/07/2014 |
Group
Structure Change |
|
05/06/2014 |
Group
Structure Change |
|
13/05/2014 |
Group
Structure Change |
|
21/01/2014 |
Authorised
signatories amended or new/amended vacancy text |
|
21/01/2014 |
Compan
representatives, changed |
|
18/01/2014 |
Compan
representatives, changed |
|
18/01/2014 |
Authorised
signatories amended or new/amended vacancy text |
|
17/10/2013 |
Group
Structure Change |
|
24/09/2013 |
Group
Structure Change |
|
09/09/2013 |
Group
Structure Change |
|
Event Date |
Event Description |
|
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 |
|
08/08/2013 |
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 |
|
16/07/2013 |
Annual
report (PDF), new |
|
18/06/2013 |
Group
Structure Change |
|
07/05/2013 |
Certificate,
deregistered |
|
15/01/2013 |
Compan
representatives, changed |
|
15/01/2013 |
Authorised
signatories amended or new/amended vacancy text |
|
19/09/2012 |
Annual
account, new |
|
19/07/2012 |
Annual
report (PDF), new |
|
17/07/2012 |
Board,
changed |
|
17/07/2012 |
Authorised
signatories amended or new/amended vacancy text |
|
17/07/2012 |
Compan
representatives, changed |
|
24/04/2012 |
Compan representatives,
changed |
|
24/04/2012 |
Authorised
signatories amended or new/amended vacancy text |
|
24/04/2012 |
Board,
changed |
|
30/09/2011 |
Annual
account, new |
|
07/09/2011 |
Annual
report (PDF), new |
|
01/06/2011 |
Authorised
signatories amended or new/amended vacancy text |
|
01/06/2011 |
Board,
changed |
|
01/06/2011 |
Compan
representatives, changed |
|
09/04/2011 |
Board,
changed |
|
09/04/2011 |
Compan
representatives, changed |
|
09/04/2011 |
Authorised
signatories amended or new/amended vacancy text |
|
29/03/2011 |
Phone
number, new |
|
29/03/2011 |
Fax
number, removed |
|
11/01/2011 |
Fa
number, new |
|
06/10/2010 |
Board,
changed |
|
Event Date |
Event Description |
|
|
06/10/2010 |
Compan representatives,
changed |
|
|
07/09/2010 |
Annual
account, new |
|
|
01/09/2010 |
Annual
report (PDF), new |
|
|
25/06/2010 |
Compan
representatives, changed |
|
|
25/06/2010 |
Board,
changed |
|
|
25/06/2010 1 |
Authorised
signatory, changed |
|
|
Financial
Year |
2013 |
2012 |
2011 |
|
|
Number of
Weeks |
52 |
52 |
52 |
|
|
Currency |
SEK |
SEK |
SEK |
|
|
Consolidated
Accounts |
No |
No |
No |
|
|
Revenue |
25.411.980.000 |
26.597.567.000 |
25.733.776.000 |
|
|
Operating
Costs |
25.601.568.000 |
24.219.269.000 |
24.416.887.000 |
|
|
Operating
Profit |
-189.588.000 |
2.378.298.000 |
1.316.889.000 |
|
|
Financial
Income |
7.713.000 |
8.665.000 |
17.357.000 |
|
|
Financial
Expenses |
-46.944.000 |
-124.298.000 |
-110.252.000 |
|
|
Extraordinary
Income |
0 |
0 |
0 |
|
|
Extraordinary
Costs |
0 |
0 |
0 |
|
|
Profit
before Tax |
-228.819.000 |
2.262.667.000 |
1.223.994.000 |
|
|
Tax |
-146.1
32.000 |
-73.807.000 |
-215.321.000 |
|
|
Profit
after Tax |
-374.951.000 |
2.188.860.000 |
1.008.673.000 |
|
|
Minority
Interests |
0 |
0 |
0 |
|
|
Other
Appropriations |
827.432.000 |
-2.011.964.000 |
-200.138.000 |
|
|
Retained
Profit |
452.481.000 |
176.896.000 |
808.535.000 |
|
|
Financial
Year |
2013 |
2012 |
2011 |
|
Number of
Weeks |
52 |
52 |
52 |
|
Currency |
SEK |
SEK |
SEK |
|
Consolidated
Accounts |
No |
No |
No |
|
Land &
Buildings |
79.319.000 |
73.044.000 |
66.469.000 |
|
Plant &
Machinery |
1.720.502.000 |
1.835.427.000 |
1.900.923.000 |
|
Other Tangible
Assets |
298.528.000 |
222.588.000 |
245.502.000 |
|
Total
Tangible Assets |
2.098.349.000 |
2.131.059.000 |
2.212.894.000 |
|
Goodwill |
0 |
139.958.000 |
206.591.000 |
|
Other
Intangible Assets |
83.501.000 |
0 |
398.437.000 |
|
Total Intangible
Assets |
83.501.000 |
139.958.000 |
605.028.000 |
|
Loans To
Group |
0 |
0 |
0 |
|
Other Loans |
0 |
0 |
0 |
|
Miscellaneous
Fixed Assets |
1.065.808.000 |
1.068.669.000 |
844.763.000 |
|
Total Other
Fixed Assets |
1.065.808.000 |
1.068.669.000 |
844.763.000 |
|
TOTAL FIXED
ASSETS |
3.247.658.000 |
3.339.686.000 |
3.662.685.000 |
|
Work In
Progress |
0 |
0 |
0 |
|
Other
Inventories |
2.034.748.000 |
2.714.616.000 |
3.034.772.000 |
|
Total
Inventories |
2.034.748.000 |
2.714.616.000 |
3.034.772.000 |
|
Trade
Receivables |
912.842.000 |
994.919.000 |
1.163.728.000 |
|
Group
Receivables |
3.236.281.000 |
4.049.793.000 |
2.603.248.000 |
|
Miscellaneous
Receivables |
307.887.000 |
338.018.000 |
382.146.000 |
|
Total
Receivables |
4.457.010.000 |
5.382.730.000 |
4.149.122.000 |
|
Cash |
113.718.000 |
46.895.000 |
57.205.000 |
|
Other
Current Assets |
0 |
0 |
0 |
|
TOTAL
CURRENT ASSETS |
6.605.476.000 |
8.144.241.000 |
7.241.099.000 |
|
TOTAL
ASSETS |
9.853.134.000 |
11.483.927.000 |
10.903.784.000 |
|
Trade Payables |
226.993.000 |
2.273.097.000 |
3.022.419.000 |
|
Bank
Liabilities |
0 |
0 |
0 |
|
Group
Payables |
2.264.933.000 |
4.354.832.000 |
3.015.688.000 |
|
Miscellaneous
Liabilities |
3.167.814.000 |
1.084.939.000 |
1.223.007.000 |
|
TOTAL CURRENT
LIABILITIES |
5.659.740.000 |
7.712.868.000 |
7.261.114.000 |
|
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 |
2.206.000 |
1.223.000 |
434.000 |
|
Miscellaneous
Liabilities Due After 1 Year |
2.969.730.000 |
3.000.860.000 |
3.050.155.000 |
|
TOTAL LONG
TERM LIABILITIES |
2.971.936.000 |
3.002.083.000 |
3.050.589.000 |
|
TOTAL
LIABILITIES |
8.631.676.000 |
10.714.951.000 |
10.311.703.000 |
|
Called Up Share
Capital |
225.000.000 |
225.000.000 |
225.000.000 |
|
Share
Premium |
0 |
0 |
0 |
|
Revenue
Reserves |
951.458.000 |
498.976.000 |
1.208.081.000 |
|
Other
Reserves |
45.000.000 |
45.000.000 |
-841.000.000 |
|
TOTAL
SHAREHOLDERS EQUITY |
1.221.458.000 |
768.976.000 |
592.081.000 |
Other Financials
|
|||
|
Contingent
Liabilities |
224.360.000 |
145.955.000 |
182.656.000 |
|
Working
Capital |
945.736.000 |
431.373.000 |
-20.015.000 |
|
Net Worth |
1.137.957.000 |
629.018.000 |
-12.947.000 |
Ratios
|
|||
|
Pre-Tax
Profit Margin |
-0.90 % |
8.51 % |
4.76 % |
|
Return On
Capital Employed |
-1.48 % |
11.79 % |
6.74 % |
|
Return On
Total Assets Employed |
-2.32 % |
19.70 % |
11.23 % |
|
Return On
Net Assets Employed |
-18.73 % |
294.24 % |
206.73 % |
|
Sales/Net Working
Capital |
26.87 |
61.66 |
-1285.72 |
|
Stock
Turnover Ratio |
8.01 % |
10.21 % |
11.79 % |
|
Debtor Days |
13.11 |
13.65 |
16.51 |
|
Creditor
Days |
3.26 |
31.19 |
42.87 |
|
Current
Ratio |
1.17 |
1.06 |
1.00 |
|
Liquidity
Ratio/Acid Test |
0.81 |
0.70 |
0.58 |
|
Current
Debt Ratio |
4.63 |
10.03 |
12.26 |
|
Gearing |
0.18 % |
0.16 % |
0.07 % |
|
Equity In
Percentage |
14.03 % |
7.48 % |
6.26 % |
|
Total Debt
Ratio |
7.07 |
13.93 |
17.42 |
Issued Share Capital 225.000.000 SEK
No shareholders data for this company.
Current Directors
|
||
|
Name |
Appointment Date |
Position |
|
Weissburg, Martin Paul |
17/01/2014 |
Actual
Member of Board |
|
Nils Jorgen Svenning
Svenningsson |
08/06/2009 |
Actual
Member of Board |
|
Lars Arje Lewin |
12/01/2013 |
Actual
Member of Board |
Previous Directors
|
||||
|
Name |
Appointment
Date |
Position |
Resignation
Date |
|
|
Olney, Gar Patrick |
31/05/2011 |
Actual
Member of Board |
17/01/2014 |
|
|
Sonny Liss-Erik Larsson |
11/05/2007 |
Actual
Member of Board |
12/01/2013 |
|
|
Nikula, Ewa Maria |
24/06/2010 |
Actual
Member of Board |
12/01/2013 |
|
|
Persson, Gert Krister |
12/09/2007 |
Actual
Member of Board |
12/01/2013 |
|
|
Berth Rune Tulin |
07/02/2006 |
Actual Member
of Board |
12/01/2013 |
|
|
Bo Marten Grotherus |
23/04/2012 |
Substitute |
12/01/2013 |
|
|
Name |
Appointment Date |
Position |
Resignation
Date |
|
Karl Rune Herman Olsson |
07/02/2006 |
Substitute |
12/01/2013 |
|
Christian Alexander Scott |
08/04/2011 |
Substitute |
23/04/2012 |
|
Olof Erland Persson |
26/08/2009 |
Foreign
Resident in the EEA |
31/05/2011 |
|
Eva Ulrika Kihlander |
08/06/2009 |
Substitute |
08/04/2011 |
|
Van Calck, Rohnny M. R. |
07/02/2006 |
Actual
Member of Board |
24/06/2010 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.97 |
|
|
1 |
Rs.94.97 |
|
Euro |
1 |
Rs.74.43 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
NIS |
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.