MIRA INFORM REPORT

 

 

Report No. :

322752

Report Date :

18.05.2015

 

IDENTIFICATION DETAILS

 

Name :

PACKHUSET I STOCKHOLM AB

 

 

Registered Office :

Radiovägen 19, 13548 Tyresö

 

 

Country :

Sweden

 

 

Financials (as on) :

2013

 

 

Date of Incorporation :

15.12.2000

 

 

Com. Reg. No.:

5566010947

 

 

Legal Form :

Limited liability company

 

 

Line of Business :

Wholesale of packaging materials.

 

 

No. of Employee :

6

 

 

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 – 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. In September 2003, Swedish voters voted against a referendum on euro zone entry 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; the engineering sector accounts for about 50% of output and exports. Agriculture accounts for little more than 1% of GDP and employment. Until 2008, Sweden was in the midst of a sustained economic upswing, boosted by increased domestic demand and strong exports. Despite sound public finances, the Swedish economy slid into recession in the third quarter of 2008 and the contraction continued into 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 slowed in 2013, as a result of continued economic weakness in the EU - Sweden’s main export market – and remained weak in 2014.

 

Source : CIA

 

 

Company Summary

 

Business Name

Packhuset i Stockholm AB

Country

SWEDEN

Company Registration Number

5566010947

Activity Code

46762

Activity Description

Wholesale of packaging materials

Company Status

Active (Active)

Latest Turnover Figure

12.666.000 SEK

Latest Shareholder Equity Figure

3.373.000 SEK

 

 

Basic Information

 

Business Name

Packhuset i Stockholm AB

Registered Company Name

Packhuset i Stockholm AB

Company Registration Number

5566010947

Country

SWEDEN

VAT Registration Number

SE556601094701

Date of Company Registration

15/12/2000

Legal Form

Limited liability company

Company Status

Active (Active)

Currency of this Report

SEK

Principal Activity Code

No code

Principal Activity Description

Bolaget skall bedriva grossistfb'rsaljning av plastemballage, plastforpackningar och stadartiklar samt darmed forenlig verksamhet.

Contact Address

Radiovagen 19,13548 TYRESO

Contact Telephone Number

08-396100

 

 

Main Address

 

Address

Radiovagen 19,13548 TYRESO

Country

SWEDEN

Telephone

08-396100

 

 

Other Addresses

 

Address

Country

 

No other addresses for this company

 

 

 

Activities

 

Activity Code

 

Activity Description

 

46762

Wholesale of packaging materials

 

 

 

Email Addresses

 

No email addresses for this company

 

 

Web Pages

 

No websites for this company

 

 

Employee Information

 

Year

Number of Employees

2013

6

2012

5

2011

4

2010

3

2009

3

 

 

Advisors

 

Auditor Name

Bengt Ivan Martinsson

 

 

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

46762

Activity Description

Wholesale of packaging materials

 

 

Event History

 

Event Date

Event Description

21/08/2014

Annual account, new

21/08/2014

Limit, decrease

15/08/2014

Annual report (PDF), new

19/07/2013

Annual account, new

19/07/2013

Limit, increase

03/07/2013

Annual report (PDF), new

01/12/2012

Limit, increase

09/08/2012

Annual account, new

09/08/2012

Limit, increase

19/07/2012

Annual report (PDF), new

05/12/2011

Limit, decrease

04/08/2011

Limit, increase

04/08/2011

Annual account, new

28/07/2011

Annual report (PDF), new

07/04/2011

Limit, increase

15/12/2010

Limit, decrease

02/08/2010

Limit, increase

02/08/2010

Annual account, new

23/07/2010

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

12.710.000

13.246.000

12.856.000

 

Operating Costs

13.021.000

12.519.000

12.898.000

 

Operating Profit

-311.000

727.000

-42.000

 

Wages & Salaries

-1.979.000

-1.566.000

-1.329.000

 

Depreciation

-91.000

-95.000

-95.000

 

Financial Income

1.000

4.000

4.000

 

Financial Expenses

-26.000

-31.000

-60.000

 

Extraordinary Income                                                -                                    - -

Extraordinary Costs                                                  -                                    - -

Profit before Tax

-336.000

700.000

-98.000

 

Tax

-127.000

-144.000

-20.000

 

Profit after Tax

-463.000

556.000

-118.000

 

Minority Interests                                                     -                                    - -

Other Appropriations

893.000

-183.000

137.000

 

Retained Profit

430.000

373.000

18.000

 

 

 

Balance Sheet

 

Financial Year

2013

2012

2011

 

Number of Weeks

52

52

52

 

Currency

SEK

SEK

SEK

Consolidated Accounts

No

No

No

Land & Buildings                                                    -                                    - -

Plant & Machinery                                                    -                                    - -

Other Tangible Assets

-

91.000

186.000

Total Tangible Assets

-

91.000

186.000

Goodwill                              --                                          --                              --

Other Intangible Assets        --                                         --                              --                                   

Total Intangible Assets         --                                          --                              --                                  

Loans To Group                    --                                          --                              --                             

Other Loans                           --                                          --                              --                            

Miscellaneous Fixed Assets   --                                          --                              --                                    

Total Other Fixed Assets         --                                          --                              --                                   

TOTAL FIXED ASSETS

-

91.000

186.000

Work In Progress                                                    -                                    - -

Other Inventories

3.276.000

3.300.000

2.969.000

Total Inventories

3.276.000

3.300.000

2.969.000

Trade Receivables

1.422.000

1.577.000

1.696.000

Group Receivables                                                   -                                    - -

Miscellaneous Receivables

327.000

291.000

282.000

Total Receivables

1.749.000

1.868.000

1.978.000

Cash

18.000

41.000

118.000

Other Current Assets                                                -                                    - -

TOTAL CURRENT ASSETS

5.043.000

5.209.000

5.065.000

TOTAL ASSETS

5.043.000

5.299.000

5.251.000

Trade Payables

855.000

531.000

865.000

Bank Liabilities

164.000

66.000

64.000

Group Payables                                                       -                                    - -

Miscellaneous Liabilities

635.000

777.000

742.000

TOTAL CURRENT LIABILITIES

1.654.000

1.374.000

1.671.000

Bank Liabilities Due After 1 Year

16.000

89.000

157.000

Other Loans Or Finance Due After 1 Year                        -                                    - -

Group Payables Due After 1 Year                                  -                                    - -

Miscellaneous Liabilities Due After 1 Year

-

893.000

710.000

TOTAL LONG TERM LIABILITIES

16.000

982.000

867.000

TOTAL LIABILITIES

1.670.000

2.356.000

2.538.000

Called Up Share Capital

100.000

100.000

100.000

Share Premium                                                        -                                    - -

Revenue Reserves

3.253.000

2.823.000

2.593.000

Other Reserves

20.000

20.000

20.000

TOTAL SHAREHOLDERS EQUITY

3.373.000

2.943.000

2.713.000

 

 

Other Financials

 

Contingent Liabilities

 

 

 

Working Capital

3.389.000

3.835.000

3.394.000

 

 

Ratios

 

Pre-Tax Profit Margin

-2.64 %

5.28 %

-0.76 %

Return On Capital Employed

-5.02 %

10.49 %

-1.42 %

Return On Total Assets Employed

-6.66 %

13.21 %

-1.87 %

Return On Net Assets Employed

-9.96 %

23.79 %

-3.61 %

Sales/Net Working Capital

3.75

3.45

3.79

Stock Turnover Ratio

25.77 %

24.91 %

23.09 %

Debtor Days

40.84

43.46

48.15

Creditor Days

24.55

14.63

24.56

Current Ratio

3.05

3.79

3.03

Liquidity Ratio/Acid Test

1.07

1.39

1.25

Current Debt Ratio

0.49

0.47

0.62

Gearing

5.34 %

5.27 %

8.15 %

Equity In Percentage

66.88 %

55.53 %

51.67 %

Total Debt Ratio

0.50

0.80

0.94

 

 

Shareholders

 

No shareholders data for this company.

 

 

Current Directors

 

Name

Appointment Date

Position

Nedjib Kiazim Nazim

31/10/2003

Actual Member of Board

Ervin Nedjib Nazim

31/10/2003

Substitute

Seher Said Kerim

31/10/2003

Substitute

 

 

Group Structure

No group structure for this company

 

 

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

0

 

 

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.63.58

UK Pound

1

Rs.100.39

Euro

1

Rs.72.38

 

 

INFORMATION DETAILS

 

Analysis Done by :

DIV

 

 

Report Prepared by :

ANK

 


 

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%)

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.