MIRA INFORM REPORT
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Report No. : |
332660 |
|
Report Date : |
18.07.2015 |
IDENTIFICATION DETAILS
|
Name : |
UNITED INITIATORS AB |
|
|
|
|
Registered Office : |
Ulvövägen 7, 89340 Köpmanholmen |
|
|
|
|
Country : |
Sweden |
|
|
|
|
Financials (as on) : |
2014 |
|
|
|
|
Date of Incorporation : |
26.04.2006 |
|
|
|
|
Com. Reg. No.: |
5567027197 |
|
|
|
|
Legal Form : |
Limited liability company |
|
|
|
|
Line of Business : |
|
|
|
|
|
No. of Employee : |
21 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
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 – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
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. Sweden remains outside
the Eurozone because of concerns with the impact on the country’s economy,
welfare system 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. Agriculture
accounts for less than 1% of GDP. Economic growth slowed in 2013, as a result
of continued economic weakness in the EU - Sweden’s main export market;
however, Sweden’s economy experienced modest growth in 2014, with an adjusted
real GDP growth that averaged 2.3%. Sweden’s economy is expected to grow
modestly in 2015, although the country continues to struggle with deflationary
pressure.
|
Source
: CIA |
Company
Summary
|
Business Name |
UNITED INITIATORS AB |
|
Country |
SWEDEN |
|
Company Registration Number |
5567027197 |
|
Activity Code |
20140 |
|
Activity Description |
Manufacture of other organic basic chemicals |
|
Company Status |
Active (Active) |
|
Latest Turnover Figure |
81.422.000 SEK |
|
Latest Shareholder Equity Figure |
2.310.000 SEK |
Basic
Information
|
Business Name |
United Initiators AB |
|
Registered Company Name |
United Initiators AB |
|
Company Registration Number |
5567027197 |
|
Country |
SWEDEN |
|
VAT Registration Number |
SE556702719701 |
|
Date of Company Registration |
26/04/2006 |
|
Legal Form |
Limited liability company |
|
Company Status |
Active (Active) |
|
Currency of this Report |
SEK |
|
Principal Activity Code |
No code |
|
Principal Activity Description |
The company will manufacture and trade
in organic polymerization
initiators for use in plastics, paints, rubber products and
polymer manufacturing, and pursue compatible
activities. |
|
Contact Address |
Ulvövägen 7, 89340 KÖPMANHOLMEN |
|
Contact Telephone Number |
0660-265830 |
|
Main Address |
|
|
Address |
Ulvövägen 7, 89340 KÖPMANHOLMEN |
|
Country |
SWEDEN |
|
Telephone |
0660-265830 |
Other
Addresses
|
Address |
Country |
|
No other addresses for this company |
|
|
Activities |
|
|
Activity Code |
Activity Description |
|
20140 |
Manufacture of other organic basic chemicals |
|
46750 |
Wholesale of chemical products |
Email Addresses
No email addresses for this company
Web Pages
No websites for this company
Employee
Information
|
Year |
Number of
Employees |
|
|
2014 |
21 |
|
|
2013 |
21 |
|
|
2012 |
21 |
|
|
2011 |
21 |
|
|
2010 |
20 |
|
Advisors
|
Auditor Name |
Ragnar Carl Gudmund Torkel Santesson |
|
|
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 |
20140 |
|
|
Activity Description |
Manufacture of other organic basic chemicals |
|
Event
History
|
Event Date |
Event
Description |
||
|
08/07/2015 |
Annual account, new |
||
|
08/07/2015 |
Limit, decrease |
||
|
01/07/2015 |
Annual report (PDF), new |
|
|
|
06/05/2015 |
Company representatives, changed |
|
|
|
06/05/2015 |
Authorised signatories amended or new/amended vacancy text |
|
|
|
06/05/2015 |
Address, changed |
|
|
|
17/02/2015 |
Fax number, changed |
|
|
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17/02/2015 |
Phone number, changed |
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|
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04/08/2014 |
Annual account, new |
|
|
|
04/08/2014 |
Limit, increase |
|
|
|
29/07/2014 |
Annual report (PDF), new |
|
|
|
11/03/2014 |
Group Structure Change |
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|
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17/10/2013 |
Group Structure Change |
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|
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16/10/2013 |
Annual account, new |
|
|
|
16/10/2013 |
Limit, decrease |
|
|
|
14/10/2013 |
Group Structure Change |
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|
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11/10/2013 |
Annual report (PDF), new |
|
|
|
10/07/2013 |
Company representatives, changed |
|
|
|
10/07/2013 |
Authorised signatories amended or new/amended vacancy text |
|
|
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05/07/2013 |
Authorised signatories amended or new/amended vacancy text |
|
|
|
05/07/2013 |
Limit, decrease |
|
|
|
05/07/2013 |
Company representatives, changed |
|
|
|
03/07/2013 |
Limit, increase |
|
|
|
09/06/2013 |
Limit, decrease |
|
|
|
06/06/2013 |
Limit, decrease |
|
|
|
08/11/2012 |
Limit, increase |
|
|
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27/09/2012 |
Authorised signatories amended or new/amended vacancy text |
|
|
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27/09/2012 |
Company name, changed (old name: Syrgis Performance Initiators AB) |
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|
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27/09/2012 |
Company business activity, changed |
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27/09/2012 |
Company representatives, changed |
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27/09/2012 |
Limit, increase |
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|
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02/08/2012 |
Authorised signatories amended or new/amended vacancy text |
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|
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02/08/2012 |
Limit, decrease |
|
|
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02/08/2012 |
Board, changed |
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|
|
02/08/2012 |
Company representatives, changed |
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|
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20/07/2012 |
Annual account, new |
|
|
|
20/07/2012 |
Limit, decrease |
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|
|
02/07/2012 |
Annual report (PDF), new |
|
|
|
04/08/2011 |
Limit, decrease |
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|
|
04/08/2011 |
Annual account, new |
|
|
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22/07/2011 |
Annual report (PDF), new |
|
|
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31/05/2011 |
Address, changed |
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|
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03/08/2010 |
Annual account, new |
|
|
|
03/08/2010 |
Limit, increase |
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|
|
23/07/2010 |
Annual report (PDF), new |
|
|
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 |
81.422.000 |
74.519.000 |
77.891.000 |
|
Operating Costs |
78.375.000 |
73.919.000 |
82.245.000 |
|
Operating Profit |
3.047.000 |
600.000 |
-4.354.000 |
|
Wages & Salaries |
-12.745.000 |
-14.670.000 |
-12.530.000 |
|
Depreciation |
-6.061.000 |
-3.949.000 |
-4.079.000 |
|
Financial Income |
1.633.000 |
840.000 |
4.058.000 |
|
Financial Expenses |
-12.446.000 |
-71.000 |
-2.054.000 |
|
Extraordinary Income |
- |
- |
- |
|
Extraordinary Costs |
- |
- |
- |
|
Profit before Tax |
-7.766.000 |
1.368.000 |
-2.350.000 |
|
Tax |
375.000 |
-830.000 |
269.000 |
|
Profit after Tax |
-7.391.000 |
538.000 |
-2.081.000 |
|
Minority Interests |
- |
- |
- |
|
Other Appropriations |
1.713.000 |
- |
- |
|
Retained Profit |
-5.678.000 |
538.000 |
-2.081.000 |
Balance
Sheet
|
Financial Year |
2014 |
2013 |
2012 |
|
Number of Weeks |
52 |
52 |
52 |
|
Currency |
SEK |
SEK |
SEK |
|
Consolidated Accounts |
No |
No |
No |
|
Land & Buildings |
3.717.000 |
4.492.000 |
5.268.000 |
|
Plant & Machinery |
3.517.000 |
3.898.000 |
4.480.000 |
|
Other Tangible Assets |
- |
- |
- |
|
Total Tangible Assets |
7.234.000 |
8.390.000 |
9.748.000 |
|
Goodwill |
11.028.000 |
28.260.000 |
30.327.000 |
|
Other Intangible Assets |
- |
169.000 |
378.000 |
|
Total Intangible Assets |
11.028.000 |
28.429.000 |
30.705.000 |
|
Loans To Group |
- |
- |
- |
|
Other Loans |
- |
- |
- |
|
Miscellaneous Fixed Assets |
- |
- |
- |
|
Total Other Fixed Assets |
- |
- |
- |
|
TOTAL FIXED ASSETS |
18.262.000 |
36.819.000 |
40.453.000 |
|
Work In Progress |
- |
- |
- |
|
Other Inventories |
8.270.000 |
9.465.000 |
11.659.000 |
|
Total Inventories |
8.270.000 |
9.465.000 |
11.659.000 |
|
Trade Receivables |
20.126.000 |
15.492.000 |
15.724.000 |
|
Group Receivables |
- |
- |
- |
|
Miscellaneous Receivables |
2.448.000 |
2.205.000 |
2.679.000 |
|
Total Receivables |
22.574.000 |
17.697.000 |
18.403.000 |
|
Cash |
7.467.000 |
15.434.000 |
9.610.000 |
|
Other Current Assets |
- |
- |
- |
|
TOTAL CURRENT ASSETS |
38.311.000 |
42.597.000 |
39.672.000 |
|
TOTAL ASSETS |
56.573.000 |
79.416.000 |
80.125.000 |
|
Trade Payables |
2.929.000 |
2.037.000 |
4.897.000 |
|
Bank Liabilities |
- |
- |
- |
|
Group Payables |
- |
- |
- |
|
Miscellaneous Liabilities |
4.050.000 |
4.568.000 |
2.764.000 |
|
TOTAL CURRENT LIABILITIES |
6.979.000 |
6.605.000 |
7.661.000 |
|
Bank Liabilities Due After 1 Year |
- |
64.977.000 |
- |
|
Other Loans Or Finance Due After 1 Year |
- |
- |
- |
|
Group Payables Due After 1 Year |
46.740.000 |
- |
- |
|
Miscellaneous Liabilities Due After 1 Year |
544.000 |
2.376.000 |
67.545.000 |
|
TOTAL LONG TERM LIABILITIES |
47.284.000 |
67.353.000 |
67.545.000 |
|
TOTAL LIABILITIES |
54.263.000 |
73.958.000 |
75.206.000 |
|
Called Up Share Capital |
100.000 |
100.000 |
100.000 |
|
Share Premium |
- |
- |
- |
|
Revenue Reserves |
-13.416.000 |
5.358.000 |
4.819.000 |
|
Other Reserves |
15.626.000 |
- |
- |
|
TOTAL SHAREHOLDERS EQUITY |
2.310.000 |
5.458.000 |
4.919.000 |
Other
Financials
|
Contingent Liabilities |
15.626.000 |
- |
- |
|
Working Capital |
31.332.000 |
35.992.000 |
32.011.000 |
|
Net Worth |
-8.718.000 |
-22.971.000 |
-25.786.000 |
Ratios
|
Pre-Tax Profit Margin |
-9.54 % |
1.84 % |
-3.02 % |
|
Return On Capital Employed |
-12.22 % |
1.59 % |
-2.68 % |
|
Return On Total Assets Employed |
-13.73 % |
1.72 % |
-2.93 % |
|
Return On Net Assets Employed |
-336.19 % |
25.06 % |
-47.77 % |
|
Sales/Net Working Capital |
2.60 |
2.07 |
2.43 |
|
Stock Turnover Ratio |
10.16 % |
12.70 % |
14.97 % |
|
Debtor Days |
90.22 |
75.88 |
73.68 |
|
Creditor Days |
13.13 |
9.98 |
22.95 |
|
Current Ratio |
5.49 |
6.45 |
5.18 |
|
Liquidity Ratio/Acid Test |
4.30 |
5.02 |
3.66 |
|
Current Debt Ratio |
3.02 |
1.21 |
1.56 |
|
Gearing |
2023.38 % |
1190.49 % |
1322.40 % |
|
Equity In Percentage |
5.07 % |
10.70 % |
9.95 % |
|
Total Debt Ratio |
23.49 |
13.55 |
15.29 |
Share
Capital Structure
|
Issued Share Capital |
100.000 SEK |
|
|
Shareholders
|
No shareholders data for this company. |
|
|
|
Current
Directors
|
Name |
Appointment Date |
Position |
|
|
Hoozemans, Eduard |
26/09/2012 |
Chairman of Board |
|
|
Rutsch, Andreas Gerhard |
04/07/2013 |
|
Actual Member of Board |
|
Volpert, Edgar |
04/07/2013 |
Substitute |
|
Previous
Directors
|
Name |
Appointment Date |
Position |
Resignation Date |
|
Malin Margareta Thor |
04/07/2013 |
External Signatory |
05/05/2015 |
|
Carl Mats Benny Fahrman |
26/09/2012 |
Actual Member of Board |
04/07/2013 |
|
Birnböck, Gerd |
01/08/2012 |
Substitute |
04/07/2013 |
|
Harris, Andrew Merrit |
17/09/2007 |
Actual Member of Board |
01/08/2012 |
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 |
0 |
|
Number Of Private Claims |
0 |
|
Number Of Applications |
0 |
|
Number Of Revoked Applications |
1 |
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.63.49 |
|
|
1 |
Rs.99.43 |
|
Euro |
1 |
Rs.69.14 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAS |
|
|
|
|
Report Prepared
by : |
SDA |
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.