|
Report No. : |
304511 |
|
Report Date : |
31.01.2015 |
IDENTIFICATION DETAILS
|
Name : |
ELOF HANSSON TRADE AB |
|
|
|
|
Registered Office : |
41380 Göteborg |
|
|
|
|
Country : |
Sweden |
|
|
|
|
Financials (as on) : |
2013 |
|
|
|
|
Date of Incorporation : |
05.08.1963 |
|
|
|
|
Com. Reg. No.: |
5560885633 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
The object of which is to carry on trade , import and
export in various industries , preferably cellulose , paper , steel, wood products
and building materials, both in the bill through agencies , management of
movable and immovable egensom. |
|
|
|
|
No. of Employee : |
70 [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 – 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 |
Company
Summary
|
|
|
|
Business Name |
Elof Hansson Trade AB |
|
|
Country |
SWEDEN |
|
|
Company Registration Number |
5560885633 |
|
|
Activity Code |
46769 |
|
|
Activity Description |
Wholesale of other intermediate products n.e.c. |
|
|
Company Status |
Active (Active) |
|
|
|
|
|
Basic
Information
|
|
|
|
Business Name |
Elof Hansson Trade AB |
|
|
Registered Company Name |
Elof Hansson Trade AB |
|
|
Company Registration Number |
5560885633 |
|
|
Country |
SWEDEN |
|
|
VAT Registration Number |
SE556088563301 |
|
|
Date of Company Registration |
05/08/1963 |
|
|
Legal Form |
Limited liability company |
|
|
Company Status |
Active (Active) |
|
|
Currency of this Report |
SEK |
|
|
Principal Activity Code |
No code |
|
|
Principal Activity Description |
The object of which is to carry on trade , import and
export in various industries , preferably cellulose , paper , steel, wood products
and building materials, both in the bill through agencies , management of
movable and immovable egensom. |
|
|
Contact Address |
41380 Göteborg |
|
|
Contact Telephone Number |
031-856000 |
|
Main
Address
|
|
|
|
Address |
Country |
Telephone |
|
41380 GÖTEBORG |
SWEDEN |
031-856000 |
|
Address |
Country |
|
No other addresses for this company |
|
Activities
|
|
|
Activity Code |
Activity Description |
|
46769 |
Wholesale of other intermediate products n.e.c. |
|
46410 |
Wholesale of textiles |
|
46699 |
Wholesale of other machinery and equipment n.e.c. |
|
46750 |
Wholesale of chemical products |
|
46731 |
Wholesale of wood and other construction materials |
No email addresses for this company
No websites for this company
|
Year |
Number of Employees |
|
|
2013 |
70 |
|
|
2012 |
75 |
|
|
2011 |
98 |
|
|
2010 |
119 |
|
|
2009 |
130 |
|
|
|
|
|
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 |
46769 |
|
|
Activity Description |
Wholesale of other intermediate products n.e.c. |
|
|
Industry Average Credit Rating |
77 (1 - 100) |
|
|
Industry Average Credit Limit |
967.000 |
|
|
Event Date |
Event
Description |
|
12/12/2014 |
Authorised signatories amended or new/amended vacancy text |
|
12/12/2014 |
Company representatives, changed |
|
06/11/2014 |
Group Structure Change |
|
03/10/2014 |
Group Structure Change |
|
30/09/2014 |
Group Structure Change |
|
05/09/2014 |
Group Structure Change |
|
27/08/2014 |
Group Structure Change |
|
22/08/2014 |
Annual account, new |
|
18/08/2014 |
Annual report (PDF), new |
|
31/07/2014 |
Group Structure Change |
|
18/07/2014 |
Group Structure Change |
|
11/07/2014 |
Group Structure Change |
|
10/07/2014 |
Group Structure Change |
|
24/06/2014 |
Company representatives, changed |
|
24/06/2014 |
Authorised signatories amended or new/amended vacancy text |
|
14/02/2014 |
Authorised signatories amended or new/amended vacancy text |
|
14/02/2014 |
Company representatives, changed |
|
02/10/2013 |
Group Structure Change |
|
12/09/2013 |
Group Structure Change |
|
06/09/2013 |
Group Structure Change |
|
12/08/2013 |
Group Structure Change |
|
07/08/2013 |
Group Structure Change |
|
06/08/2013 |
Group Structure Change |
|
01/08/2013 |
Company representatives, changed |
|
01/08/2013 |
Group Structure Change |
|
01/08/2013 |
Authorised signatories amended or new/amended vacancy text |
|
30/07/2013 |
Annual account, new |
|
16/07/2013 |
Group Structure Change |
|
09/07/2013 |
Annual report (PDF), new |
|
03/07/2013 |
Group Structure Change |
|
17/06/2013 |
Group Structure Change |
|
13/06/2013 |
Group Structure Change |
|
04/06/2013 |
Certificate, registered |
|
31/05/2013 |
Group Structure Change |
|
07/05/2013 |
Certificate, deregistered |
|
04/10/2012 |
Annual account, new |
|
27/09/2012 |
Authorised signatories amended or new/amended vacancy text |
|
27/09/2012 |
Company representatives, changed |
|
08/08/2012 |
Annual report (PDF), new |
|
12/04/2012 |
Board, changed |
|
12/04/2012 |
Authorised signatories amended or new/amended vacancy text |
|
12/04/2012 |
Company representatives, changed |
|
Event Date |
Event
Description |
|
12/04/2012 |
Limit, increase |
|
22/02/2012 |
Company representatives, changed |
|
22/02/2012 |
Board, changed |
|
22/02/2012 |
Limit, decrease |
|
22/02/2012 |
Authorised signatories amended or new/amended vacancy text |
|
24/12/2011 |
Board, changed |
|
24/12/2011 |
Company representatives, changed |
|
24/12/2011 |
Authorised signatories amended or new/amended vacancy text |
|
29/09/2011 |
Annual account, changed |
|
27/09/2011 |
Group annual accout, new |
|
27/09/2011 |
Annual account, new |
|
20/09/2011 |
Company business activity, changed |
|
07/09/2011 |
Board, changed |
|
07/09/2011 |
Authorised signatories amended or new/amended vacancy text |
|
07/09/2011 |
Company representatives, changed |
|
16/08/2011 |
Annual report (PDF), new |
|
15/04/2011 |
Company business activity, changed |
|
15/04/2011 |
Company name, changed (old name: Elof Hansson Aktiebolag) |
|
29/03/2011 |
Phone number, new |
|
29/03/2011 |
Fax number, new |
|
03/08/2010 |
Annual account, new |
|
28/07/2010 |
Company representatives, changed |
|
28/07/2010 |
Authorised signatory, changed |
|
28/07/2010 |
Board, changed |
|
15/07/2010 |
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 |
2.259.486.000 |
3.681.291.000 |
2.903.031.000 |
|
|
Operating Costs |
2.252.351.000 |
3.649.961.000 |
2.861.759.000 |
|
|
Operating Profit |
7.135.000 |
31.330.000 |
41.272.000 |
|
|
Wages & Salaries |
-76.523.000 |
-102.899.000 |
-116.360.000 |
|
|
Depreciation |
-3.117.000 |
-5.725.000 |
-6.112.000 |
|
|
Financial Income |
8.220.000 |
8.638.000 |
12.497.000 |
|
|
Financial Expenses |
-9.502.000 |
-17.355.000 |
-13.122.000 |
|
|
Extraordinary Income |
0 |
0 |
0 |
|
|
Extraordinary Costs |
0 |
0 |
0 |
|
|
Profit before Tax |
5.853.000 |
22.613.000 |
43.647.000 |
|
|
Tax |
-4.869.000 |
-10.066.000 |
-13.423.000 |
|
|
Profit after Tax |
984.000 |
12.547.000 |
30.224.000 |
|
|
Minority Interests |
0 |
0 |
0 |
|
|
Other Appropriations |
14.113.000 |
1.510.000 |
1.420.000 |
|
|
Retained Profit |
15.097.000 |
14.057.000 |
31.644.000 |
|
|
|
|
|
|
|
Balance
Sheet
|
|
|
|
|
|
Financial Year |
2013 |
2012 |
2011 |
|
|
Number of Weeks |
52 |
52 |
52 |
|
|
Currency |
SEK |
SEK |
SEK |
|
|
Consolidated
Accounts |
No |
No |
No |
|
|
Land & Buildings |
12.433.000 |
12.555.000 |
2.798.000 |
|
|
Plant & Machinery |
0 |
0 |
0 |
|
|
Other Tangible Assets |
1.556.000 |
4.485.000 |
9.991.000 |
|
|
Total Tangible Assets |
13.989.000 |
17.040.000 |
12.789.000 |
|
|
Goodwill |
0 |
0 |
0 |
|
|
Other Intangible Assets |
0 |
0 |
0 |
|
|
Total Intangible Assets |
0 |
0 |
0 |
|
|
Loans To Group |
13.122.000 |
0 |
21.090.000 |
|
|
Other Loans |
0 |
0 |
0 |
|
|
Miscellaneous Fixed Assets |
49.146.000 |
48.530.000 |
49.437.000 |
|
|
Total Other Fixed Assets |
62.268.000 |
48.530.000 |
70.527.000 |
|
|
TOTAL FIXED ASSETS |
76.257.000 |
65.570.000 |
83.316.000 |
|
|
Work In Progress |
0 |
0 |
0 |
|
|
Other Inventories |
94.619.000 |
57.940.000 |
187.348.000 |
|
|
Total Inventories |
94.619.000 |
57.940.000 |
187.348.000 |
|
|
Trade Receivables |
425.752.000 |
553.840.000 |
448.285.000 |
|
|
Group Receivables |
205.981.000 |
168.549.000 |
217.320.000 |
|
|
Miscellaneous Receivables |
26.156.000 |
20.271.000 |
16.405.000 |
|
|
Total Receivables |
657.889.000 |
742.660.000 |
682.010.000 |
|
|
Cash |
0 |
0 |
56.185.000 |
|
|
Other Current Assets |
0 |
0 |
0 |
|
|
TOTAL CURRENT ASSETS |
752.508.000 |
800.600.000 |
925.543.000 |
|
|
TOTAL ASSETS |
828.765.000 |
866.170.000 |
1.008.859.000 |
|
|
Trade Payables |
162.540.000 |
185.748.000 |
257.284.000 |
|
|
Bank Liabilities |
52.112.000 |
2.536.000 |
0 |
|
|
Group Payables |
17.982.000 |
37.756.000 |
6.713.000 |
|
|
Miscellaneous Liabilities |
86.605.000 |
118.686.000 |
108.300.000 |
|
|
TOTAL CURRENT LIABILITIES |
319.239.000 |
344.726.000 |
372.297.000 |
|
|
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 |
255.156.000 |
210.493.000 |
255.517.000 |
|
|
Miscellaneous Liabilities Due After 1 Year |
39.046.000 |
53.160.000 |
54.670.000 |
|
|
TOTAL LONG TERM LIABILITIES |
294.202.000 |
263.653.000 |
310.187.000 |
|
|
TOTAL LIABILITIES |
613.441.000 |
608.379.000 |
682.484.000 |
|
|
Called Up Share Capital |
75.000.000 |
75.000.000 |
75.000.000 |
|
|
Share Premium |
0 |
0 |
0 |
|
|
Revenue Reserves |
142.888.000 |
189.432.000 |
240.092.000 |
|
|
Other Reserves |
-2.564.000 |
-6.641.000 |
11.283.000 |
|
|
TOTAL SHAREHOLDERS EQUITY |
215.324.000 |
257.791.000 |
326.375.000 |
|
|
|
|
|
|
|
Other
Financials
|
|
|
|
|
|
Contingent Liabilities |
0 |
684.000 |
807.000 |
|
|
Working Capital |
433.269.000 |
455.874.000 |
553.246.000 |
|
|
Net Worth |
215.324.000 |
257.791.000 |
326.375.000 |
|
|
|
|
|
|
|
Ratios
|
|
|
|
|
|
Pre-Tax Profit Margin |
0.26 % |
0.61 % |
1.50 % |
|
|
Return On Capital Employed |
0.51 % |
1.87 % |
3.16 % |
|
|
Return On Total Assets Employed |
0.71 % |
2.61 % |
4.33 % |
|
|
Return On Net Assets Employed |
2.72 % |
8.77 % |
13.37 % |
|
|
Sales/Net Working Capital |
5.21 |
8.08 |
5.25 |
|
|
Stock Turnover Ratio |
4.19 % |
1.57 % |
6.45 % |
|
|
Debtor Days |
68.78 |
54.91 |
56.36 |
|
|
Creditor Days |
26.26 |
18.42 |
32.35 |
|
|
Current Ratio |
2.36 |
2.32 |
2.49 |
|
|
Liquidity Ratio/Acid Test |
2.06 |
2.15 |
1.98 |
|
|
Current Debt Ratio |
1.48 |
1.34 |
1.14 |
|
|
Gearing |
142.70 % |
82.64 % |
78.29 % |
|
|
Equity In Percentage |
28.09 % |
31.53 % |
34.78 % |
|
|
Total Debt Ratio |
2.85 |
2.36 |
2.09 |
|
Share
Capital Structure
|
|
|
Issued Share Capital |
75.000.000 SEK |
|
|
|
Shareholders
|
|
|
No shareholders data for this company. |
|
Current
Directors
|
|
|
|
Name |
Appointment Date |
Position |
|
Dyrbye, Tomas |
31/07/2013 |
Chairman of Board |
|
Mette Birna Ödefors |
23/06/2014 |
Actual Member of Board |
|
Jacobsen, Finn Tvede |
01/11/2003 |
Foreign Resident in the EEA |
|
Dwight Sven Pierre Sjöstedt |
11/12/2014 |
Actual Member of Board |
|
Jan Stefan Hellgren |
31/07/2013 |
Actual Member of Board |
Previous
Directors
|
|||
|
Name |
Appointment Date |
Position |
Resignation Date |
|
Per Stefan Andersson Tilk |
13/02/2014 |
Actual Member of Board |
11/12/2014 |
|
Jan Robert Sandberg |
11/04/2012 |
Actual Member of Board |
23/06/2014 |
|
Anna Dubois |
23/12/2011 |
Actual Member of Board |
31/07/2013 |
|
Hans Gustaf Thomas Pettersson |
01/11/2003 |
Chairman of Board |
26/09/2012 |
|
Björn Petrusson |
06/09/2011 |
Managing Director |
21/02/2012 |
|
Olle Hjalmar Peter Lindén |
02/05/2006 |
Actual Member of Board |
27/07/2010 |
Latest Public
Claim
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.61.75 |
|
|
1 |
Rs.93.13 |
|
Euro |
1 |
Rs.70.03 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
TPT |
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.