|
Report No. : |
350004 |
|
Report Date : |
24.11.2015 |
IDENTIFICATION DETAILS
|
Name : |
ELOF HANSSON TRADE AB |
|
|
|
|
Registered Office : |
41380 Göteborg |
|
|
|
|
Country : |
Sweden |
|
|
|
|
Financials (as on) : |
2014 |
|
|
|
|
Date of Incorporation : |
05.08.1963 |
|
|
|
|
Com. Reg. No.: |
5560885633 |
|
|
|
|
Legal Form : |
Limited liability company |
|
|
|
|
Line of Business : |
|
|
|
|
|
No. of Employee : |
60 |
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 over its 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 2.1%. Sweden’s economy is expected to grow
modestly in 2015, although the country continues to struggle with deflationary
pressure.
|
Source
: CIA |
|
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) |
|
Latest Turnover Figure |
1.789.476.000 SEK |
|
Latest Shareholder Equity Figure |
203.997.000 SEK |
|
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 its activity of 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 |
41380 GÖTEBORG |
|
Country |
SWEDEN |
|
Telephone |
031-856000 |
Other Addresses
|
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 |
Email Addresses
No email addresses for this company
Web Pages
No websites for this company
|
Year |
Number of
Employees |
|
|
2014 |
60 |
|
|
2013 |
70 |
|
|
2012 |
75 |
|
|
2011 |
98 |
|
|
2010 |
119 |
|
|
Auditor Name |
Ernst &
Young Aktiebolag |
|
|
Tax Registrations |
|
|
|
Registered for FTax |
Yes |
|
|
Registered for VAT |
Yes |
|
|
Registered for Employee Tax |
Yes |
|
|
Type |
Category |
Issuer |
|
No certificate information for this company |
|
|
|
Activity Code |
46769 |
|
|
Activity Description |
Wholesale of other intermediate products n.e.c. |
|
|
Event Date |
Event
Description |
|
09/11/2015 |
Group Structure Change |
|
23/10/2015 |
Group Structure Change |
|
16/10/2015 |
Company representatives, changed |
|
15/10/2015 |
Group Structure Change |
|
09/10/2015 |
Group Structure Change |
|
08/10/2015 |
Group Structure Change |
|
25/09/2015 |
Group Structure Change |
|
22/09/2015 |
Annual account, new |
|
17/09/2015 |
Annual report (PDF), new |
|
21/08/2015 |
Group Structure Change |
|
20/08/2015 |
Group Structure Change |
|
06/08/2015 |
Group Structure Change |
|
05/08/2015 |
Group Structure Change |
|
03/08/2015 |
Group Structure Change |
|
31/07/2015 |
Group Structure Change |
|
30/07/2015 |
Group Structure Change |
|
15/07/2015 |
Group Structure Change |
|
15/06/2015 |
Group Structure Change |
|
03/02/2015 |
Certificate, deregistered |
|
12/12/2014 |
Company representatives, changed |
|
12/12/2014 |
Authorised signatories amended or new/amended vacancy text |
|
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 |
Authorised signatories amended or new/amended vacancy text |
|
24/06/2014 |
Company representatives, changed |
|
14/02/2014 |
Company representatives, changed |
|
14/02/2014 |
Authorised signatories amended or new/amended vacancy text |
|
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 |
Authorised signatories amended or new/amended vacancy text |
|
01/08/2013 |
Group Structure Change |
|
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 |
Limit, increase |
|
12/04/2012 |
Authorised signatories amended or new/amended vacancy text |
|
12/04/2012 |
Company representatives, changed |
|
22/02/2012 |
Limit, decrease |
|
22/02/2012 |
Company representatives, changed |
|
22/02/2012 |
Board, changed |
|
22/02/2012 |
Authorised signatories amended or new/amended vacancy text |
|
24/12/2011 |
Company representatives, changed |
|
24/12/2011 |
Authorised signatories amended or new/amended vacancy text |
|
24/12/2011 |
Board, changed |
|
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 |
Company representatives, changed |
|
07/09/2011 |
Board, changed |
|
07/09/2011 |
Authorised signatories amended or new/amended vacancy text |
|
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 |
Fax number, new |
|
29/03/2011 |
Phone number, new |
Status History
No status history events for this company
|
Financial Year |
2014 |
2013 |
2012 |
|
Number of Weeks |
52 |
52 |
52 |
|
Currency |
SEK |
SEK |
SEK |
|
Consolidated
Accounts |
No |
No |
No |
|
Revenue |
1.790.058.000 |
2.259.486.000 |
3.681.291.000 |
|
Operating Costs |
1.816.009.000 |
2.252.351.000 |
3.649.961.000 |
|
Operating Profit |
-25.951.000 |
7.135.000 |
31.330.000 |
|
Wages & Salaries |
-81.498.000 |
-76.523.000 |
-102.899.000 |
|
Depreciation |
-1.222.000 |
-3.117.000 |
-5.725.000 |
|
Financial Income |
6.696.000 |
8.220.000 |
8.638.000 |
|
Financial Expenses |
-8.579.000 |
-9.502.000 |
-17.355.000 |
|
Extraordinary Income |
- |
- |
- |
|
Extraordinary Costs |
- |
- |
- |
|
Profit before Tax |
-32.821.000 |
5.853.000 |
22.613.000 |
|
Tax |
30.000 |
-4.869.000 |
-10.066.000 |
|
Profit after Tax |
-32.791.000 |
984.000 |
12.547.000 |
|
Minority Interests |
- |
- |
- |
|
Other Appropriations |
25.344.000 |
14.113.000 |
1.510.000 |
|
Retained Profit |
-7.447.000 |
15.097.000 |
14.057.000 |
|
Financial Year |
2014 |
2013 |
2012 |
|
Number of Weeks |
52 |
52 |
52 |
|
Currency |
SEK |
SEK |
SEK |
|
Consolidated
Accounts |
No |
No |
No |
|
Land & Buildings |
12.162.000 |
12.433.000 |
12.555.000 |
|
Plant & Machinery |
- |
- |
- |
|
Other Tangible Assets |
1.816.000 |
1.556.000 |
4.485.000 |
|
Total Tangible Assets |
13.978.000 |
13.989.000 |
17.040.000 |
|
Goodwill |
- |
- |
- |
|
Other Intangible Assets |
- |
- |
- |
|
Total Intangible Assets |
- |
- |
- |
|
Loans To Group |
- |
13.122.000 |
- |
|
Other Loans |
- |
- |
- |
|
Miscellaneous Fixed Assets |
63.047.000 |
49.146.000 |
48.530.000 |
|
Total Other Fixed Assets |
63.047.000 |
62.268.000 |
48.530.000 |
|
TOTAL FIXED ASSETS |
77.025.000 |
76.257.000 |
65.570.000 |
|
Work In Progress |
- |
- |
- |
|
Other Inventories |
82.999.000 |
94.619.000 |
57.940.000 |
|
Total Inventories |
82.999.000 |
94.619.000 |
57.940.000 |
|
Trade Receivables |
398.337.000 |
425.752.000 |
553.840.000 |
|
Group Receivables |
24.779.000 |
205.981.000 |
168.549.000 |
|
Miscellaneous Receivables |
32.219.000 |
26.156.000 |
20.271.000 |
|
Total Receivables |
455.335.000 |
657.889.000 |
742.660.000 |
|
Cash |
- |
- |
- |
|
Other Current Assets |
- |
- |
- |
|
TOTAL CURRENT ASSETS |
538.334.000 |
752.508.000 |
800.600.000 |
|
TOTAL ASSETS |
615.359.000 |
828.765.000 |
866.170.000 |
|
Trade Payables |
141.689.000 |
162.540.000 |
185.748.000 |
|
Bank Liabilities |
53.960.000 |
52.112.000 |
2.536.000 |
|
Group Payables |
69.499.000 |
17.982.000 |
37.756.000 |
|
Miscellaneous Liabilities |
79.494.000 |
86.605.000 |
118.686.000 |
|
TOTAL CURRENT LIABILITIES |
344.642.000 |
319.239.000 |
344.726.000 |
|
Bank Liabilities Due After 1 Year |
- |
- |
- |
|
Other Loans Or Finance Due After 1 Year |
- |
- |
- |
|
Group Payables Due After 1 Year |
1.062.000 |
255.156.000 |
210.493.000 |
|
Miscellaneous Liabilities Due After 1 Year |
65.658.000 |
39.046.000 |
53.160.000 |
|
TOTAL LONG TERM LIABILITIES |
66.720.000 |
294.202.000 |
263.653.000 |
|
TOTAL LIABILITIES |
411.362.000 |
613.441.000 |
608.379.000 |
|
Called Up Share Capital |
75.000.000 |
75.000.000 |
75.000.000 |
|
Share Premium |
- |
- |
- |
|
Revenue Reserves |
112.997.000 |
142.888.000 |
189.432.000 |
|
Other Reserves |
16.000.000 |
-2.564.000 |
-6.641.000 |
|
TOTAL SHAREHOLDERS EQUITY |
203.997.000 |
215.324.000 |
257.791.000 |
|
Other Financials |
|
|
|
|
Contingent Liabilities |
- |
- |
684.000 |
|
Working Capital |
193.692.000 |
433.269.000 |
455.874.000 |
|
Net Worth |
203.997.000 |
215.324.000 |
257.791.000 |
|
Pre-Tax Profit Margin |
-1.83 % |
0.26 % |
0.61 % |
|
Return On Capital Employed |
-3.42 % |
0.51 % |
1.87 % |
|
Return On Total Assets Employed |
-5.33 % |
0.71 % |
2.61 % |
|
Return On Net Assets Employed |
-16.09 % |
2.72 % |
8.77 % |
|
Sales/Net Working Capital |
9.24 |
5.21 |
8.08 |
|
Stock Turnover Ratio |
4.64 % |
4.19 % |
1.57 % |
|
Debtor Days |
81.22 |
68.78 |
54.91 |
|
Creditor Days |
28.89 |
26.26 |
18.42 |
|
Current Ratio |
1.56 |
2.36 |
2.32 |
|
Liquidity Ratio/Acid Test |
1.32 |
2.06 |
2.15 |
|
Current Debt Ratio |
1.69 |
1.48 |
1.34 |
|
Gearing |
26.97 % |
142.70 % |
82.64 % |
|
Equity In Percentage |
36.94 % |
28.09 % |
31.53 % |
|
Total Debt Ratio |
2.02 |
2.85 |
2.36 |
|
Issued Share Capital |
75.000.000 SEK |
|
|
|
Shareholders |
|
|
|
|
No shareholders data for this company. |
|
|
|
|
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 |
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.66.35 |
|
|
1 |
Rs.100.66 |
|
Euro |
1 |
Rs.70.47 |
INFORMATION DETAILS
|
Analysis Done by
: |
KIN |
|
|
|
|
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.