|
Report No. : |
311957 |
|
Report Date : |
14.03.2015 |
IDENTIFICATION DETAILS
|
Name : |
PRODUCTBOLAGET CINDOR AKTIEBOLAG |
|
|
|
|
Registered Office : |
Box 1103,18311
Taby |
|
|
|
|
Country : |
Sweden |
|
|
|
|
Financials (as on) : |
2014 |
|
|
|
|
Date of Incorporation : |
27.12.1983 |
|
|
|
|
Com. Reg. No.: |
5562370550 |
|
|
|
|
Legal Form : |
Limited Liability
Company |
|
|
|
|
Line of Business : |
Engaged in Producing Gift, Souvenir Articles and Dental Cards |
|
|
|
|
No of Employees : |
05 (2014) |
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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
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 |
Productbolaget Cindor Aktiebolag |
|
Country |
SWEDEN |
|
Company Registration Number |
5562370550 |
|
Activity Description |
Engaged in Producing Gift, Souvenir Articles and Dental Cards |
|
Latest Turnover Figure |
5.612.000 SEK |
|
Latest Shareholder Equity Figure |
1.514.000 SEK |
|
Business Name |
Productbolaget
Cindor Aktiebolag |
|
Registered Company Name |
Productbolaget
Cindor Aktiebolag |
|
Company Registration Number |
5562370550 |
|
Country |
SWEDEN |
|
VAT Registration Number |
SE556237055001 |
|
Date of Company Registration |
27/12/1983 |
|
Legal Form |
Limited liability
company |
|
Company Status |
Active (Active) |
|
Currency of this Report |
SEK |
|
Principal Activity Code |
No code |
|
Principal Activity Description |
Engaged in Producing Gift, Souvenir Articles and Dental Cards |
|
Contact Address |
BOX 1103,18311
TABY |
|
Contact Telephone Number |
08-7588521 / 08-7924252/08-7924251 |
|
E-Mail |
|
Address |
Country Telephone |
|
BOX 1103,18311
TABY |
SWEDEN 08-7588521 |
Engaged in Producing Gift, Souvenir Articles and
Dental Cards
|
Year |
Number of Employees |
|
2014 |
5 |
|
2013 |
5 |
|
2012 |
5 |
|
2011 |
5 |
|
2010 |
4 |
Auditor Name Eva Camilla Beijron
Type
No certificate
information for this company
Event Date Event Description
|
16/12/2014 |
Limit, increase |
|
|
|
16/12/2014 |
Annual account,
new |
|
|
|
08/12/2014 |
Annual report
(PDF), new |
|
|
|
18/12/2013 |
Annual account,
new |
||
|
18/12/2013 |
Limit, decrease |
||
|
11/12/2013 |
Annual report
(PDF), new |
||
|
17/05/2013 |
Limit, increase |
||
|
07/05/2013 |
Limit, decrease |
||
|
24/12/2012 |
Annual account,
new |
||
|
24/12/2012 |
Limit, decrease |
||
|
14/12/2012 |
Annual report
(PDF), new |
||
|
10/02/2012 |
Board, changed |
||
|
10/02/2012 |
Company
representatives, changed |
||
|
22/12/2011 |
Annual account,
new |
||
|
22/12/2011 |
Limit, decrease |
||
|
12/12/2011 |
Annual report
(PDF), new |
||
|
29/03/2011 |
Phone number,
changed |
||
|
23/12/2010 |
Limit, increase |
||
|
23/12/2010 |
Annual account,
new |
||
|
17/12/2010 |
Annual report
(PDF), new |
||
|
13/11/2010 |
Phone number,
changed |
||
|
Financial Year |
2014 |
2013 |
2012 |
|
Number of Weeks |
52 |
52 |
52 |
|
Currency |
SEK |
SEK |
SEK |
|
Consolidated Accounts |
No |
No |
No |
|
Revenue |
5.806.000 |
5.547.000 |
5.789.000 |
|
Operating Costs |
5.697.000 |
5.506.000 |
5.719.000 |
|
Operating Profit |
109.000 |
41.000 |
70.000 |
|
Wages & Salaries |
-2.137.000 |
-1.868.000 |
-2.069.000 |
|
Depreciation |
-84.000 |
-84.000 |
-84.000 |
|
Financial Income |
155.000 |
147.000 |
120.000 |
|
Financial Expenses |
-124.000 |
-120.000 |
-91.000 |
|
Extraordinary Income |
0 |
0 |
0 |
|
Extraordinary Costs |
0 |
0 |
0 |
|
Profit before Tax |
140.000 |
68.000 |
99.000 |
|
Tax |
-92.000 |
-21.000 |
-23.000 |
|
Profit after Tax |
48.000 |
47.000 |
76.000 |
|
Minority Interests |
0 |
0 |
0 |
|
Other Appropriations |
267.000 |
0 |
-25.000 |
|
Retained Profit |
315.000 |
47.000 |
51.000 |
|
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 |
0 |
0 |
|
Other Tangible Assets |
167.000 |
251.000 |
334.000 |
|
Total Tangible Assets |
167.000 |
251.000 |
334.000 |
|
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 |
0 |
2.043.000 |
0 |
|
Total Other Fixed Assets |
0 |
2.043.000 |
0 |
|
TOTAL FIXED ASSETS |
167.000 |
2.294.000 |
334.000 |
|
Work In Progress |
0 |
0 |
0 |
|
Other Inventories |
1.236.000 |
1.293.000 |
955.000 |
|
Total Inventories |
1.236.000 |
1.293.000 |
955.000 |
|
Trade Receivables |
540.000 |
621.000 |
573.000 |
|
Group Receivables |
0 |
0 |
0 |
|
Miscellaneous Receivables |
543.000 |
856.000 |
2.818.000 |
|
Total Receivables |
1.083.000 |
1.477.000 |
3.391.000 |
|
Cash |
428.000 |
421.000 |
744.000 |
|
Other Current Assets |
2.295.000 |
0 |
0 |
|
TOTAL CURRENT ASSETS |
5.041.000 |
3.191.000 |
5.090.000 |
|
TOTAL ASSETS |
5.208.000 |
5.485.000 |
5.425.000 |
|
Trade Payables |
264.000 |
370.000 |
158.000 |
|
Bank Liabilities |
54.000 |
50.000 |
56.000 |
|
Group Payables |
0 |
0 |
0 |
|
Miscellaneous Liabilities |
2.738.000 |
2.403.000 |
2.409.000 |
|
TOTAL CURRENT LIABILITIES |
3.056.000 |
2.823.000 |
2.623.000 |
|
Bank Liabilities Due After 1 Year |
122.000 |
179.000 |
222.000 |
|
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 |
516.000 |
783.000 |
783.000 |
|
TOTAL LONG TERM LIABILITIES |
638.000 |
962.000 |
1.005.000 |
|
TOTAL LIABILITIES |
3.694.000 |
3.785.000 |
3.628.000 |
|
Called Up Share Capital |
100.000 |
100.000 |
100.000 |
|
Share Premium |
0 |
0 |
0 |
|
Revenue Reserves |
1.394.000 |
1.580.000 |
1.677.000 |
|
Other Reserves |
20.000 |
20.000 |
20.000 |
|
TOTAL SHAREHOLDERS EQUITY |
1.514.000 |
1.700.000 |
1.797.000 |
|
Other Financials |
|
|
|
|
Contingent Liabilities |
0 |
0 |
0 |
|
Working Capital |
1.985.000 |
368.000 |
2.467.000 |
|
Net Worth |
1.514.000 |
1.700.000 |
1.797.000 |
|
Pre-Tax Profit Margin |
2.41 % |
1.23 % |
1.71 % |
|
Return On Capital Employed |
1.69 % |
0.82 % |
1.23 % |
|
Return On Total Assets Employed |
2.69 % |
1.24 % |
1.82 % |
|
Return On Net Assets Employed |
9.25 % |
4.00 % |
5.51 % |
|
Sales/Net Working Capital |
2.92 |
15.07 |
2.35 |
|
Stock Turnover Ratio |
21.29 % |
23.31 % |
16.50 % |
|
Debtor Days |
33.95 |
40.86 |
36.13 |
|
Creditor Days |
16.60 |
24.35 |
9.96 |
|
Current Ratio |
1.65 |
1.13 |
1.94 |
|
Liquidity Ratio/Acid Test |
1.25 |
0.67 |
1.58 |
|
Current Debt Ratio |
2.02 |
1.66 |
1.46 |
|
Gearing |
11.62 % |
13.47 % |
15.47 % |
|
Equity In Percentage |
29.07 % |
49.39 % |
33.13 % |
|
Total Debt Ratio |
2.44 |
2.23 |
2.02 |
Issued Share Capital 100.000 SEK
|
Name |
Appointment Date |
Position |
|
Per Ingvar Philip
Svensson |
02/02/2000 |
Chairman of Board |
|
Carl Magnus Svensson |
27/12/1983 |
Actual Member of Board |
|
Nils Ingvar
Svensson |
27/12/1983 |
Actual Member of Board |
|
Nils Jesper
Svensson |
31/10/2003 |
Actual Member of Board |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.67 |
|
UK Pound |
1 |
Rs.93.16 |
|
Euro |
1 |
Rs.66.42 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
MNL |
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.