MIRA INFORM REPORT
|
Report No. : |
345973 |
|
Report Date : |
23.10.2015 |
IDENTIFICATION DETAILS
|
Name : |
FINDUS SVERIGE AKTIEBOLAG |
|
|
|
|
Registered Office : |
26781 BJUV |
|
|
|
|
Country : |
Sweden |
|
|
|
|
Financials (as on) : |
2014 |
|
|
|
|
Date of Incorporation : |
27.12.1905 |
|
|
|
|
Com. Reg. No.: |
5560064361 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
|
|
|
|
|
No. of Employee : |
785 |
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 – 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 |
Company
name
FINDUS SVERIGE AKTIEBOLAG
Company
Summary
|
Business Name |
FINDUS SVERIGE AKTIEBOLAG |
|
Country |
SWEDEN |
|
Company Registration Number |
5560064361 |
|
Activity Code |
10390 |
|
Activity Description |
Other processing and preserving of fruit and vegetables |
|
Company Status |
Active (Active) |
|
Latest Turnover Figure |
2.614.281.000 SEK |
|
Latest Shareholder Equity Figure |
2.835.237.000 SEK |
|
Local Description |
Very good credit worthiness |
Basic
Information
|
Business Name |
Findus Sverige Aktiebolag |
|
Registered Company Name |
Findus Sverige Aktiebolag |
|
Company Registration Number |
5560064361 |
|
Country |
SWEDEN |
|
VAT Registration Number |
SE556006436101 |
|
Date of Company Registration |
27/12/1905 |
|
Legal Form |
Limited liability company |
|
Company Status |
Active (Active) |
|
Currency of this Report |
SEK |
|
Principal Activity Code |
No code |
|
Principal Activity Description |
Bolaget ska tillverka och försälja livsmedel och därtill
hörande ingredienser ävensom att bedriva annan |
|
|
verksamhet i anslutning härtill, innefattande även rätt för
bolaget att äga och förvalta aktier i andra bolag och |
|
|
därmed förenlig |
|
Contact Address |
26781 BJUV |
|
Contact Telephone Number |
042-86000 |
Main
Address
|
Address |
26781 BJUV |
|
Country |
SWEDEN |
|
Telephone |
042-86000 |
Other
Addresses
|
Address |
Country |
|
Address |
Landskronavägen 11, 25232 |
|
Country |
SWEDEN |
|
Address |
Askerumsvägen 6, 59095 |
|
Country |
SWEDEN |
Activities
|
Activity Code |
Activity Description |
|
10390 |
Other processing and preserving of fruit and vegetables |
|
10850 |
Manufacture of prepared meals and dishes |
|
10200 |
Processing and preserving of fish, crustaceans and molluscs |
|
10710 |
Manufacture of bread, manufacture of fresh pastry goods and
cakes |
|
46390 |
Non-specialised wholesale of food, beverages and tobacco |
Email
Addresses
No email addresses for this company
Web
Pages
Employee
Information
|
Year |
Number of Employees |
|
2014 |
785 |
|
2013 |
789 |
|
2012 |
826 |
|
2011 |
833 |
|
2010 |
843 |
Advisors
|
Auditor Name |
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 |
10390 |
|
Activity Description |
Other processing and preserving of fruit and vegetables |
Event
History
|
Event Date |
Event Description |
|
25/08/2015 |
Annual account, new |
|
25/08/2015 |
Group annual accout, new |
|
14/08/2015 |
Group Structure Change |
|
11/08/2015 |
Annual report (PDF), new |
|
11/07/2015 |
Authorised signatories amended or new/amended vacancy text |
|
11/07/2015 |
Company representatives, changed |
|
29/05/2015 |
Group Structure Change |
|
13/05/2015 |
Group Structure Change |
|
08/05/2015 |
Annual account, new |
|
07/05/2015 |
Annual report (PDF), new |
|
07/11/2014 |
Limit, increase |
|
07/11/2014 |
Company representatives, changed |
|
07/11/2014 |
Authorised signatories amended or new/amended vacancy text |
|
30/09/2014 |
Certificate, deregistered |
|
04/09/2014 |
Limit, decrease |
|
04/09/2014 |
Company representatives, changed |
|
04/09/2014 |
Authorised signatories amended or new/amended vacancy text |
|
16/06/2014 |
Group Structure Change |
|
13/06/2014 |
Group Structure Change |
|
10/06/2014 |
Annual account, new |
|
10/06/2014 |
Group annual accout, new |
|
04/06/2014 |
Annual report (PDF), new |
|
05/12/2013 |
Authorised signatories amended or new/amended vacancy text |
|
05/12/2013 |
Company representatives, changed |
|
10/09/2013 |
Authorised signatories amended or new/amended vacancy text |
|
10/09/2013 |
Company representatives, changed |
|
17/07/2013 |
Group Structure Change |
|
09/07/2013 |
Group annual accout, new |
|
09/07/2013 |
Annual account, new |
|
27/06/2013 |
Annual report (PDF), new |
|
07/05/2013 |
Authorised signatories amended or new/amended vacancy text |
|
07/05/2013 |
Company representatives, changed |
|
16/04/2013 |
Authorised signatories amended or new/amended vacancy text |
|
16/04/2013 |
Company representatives, changed |
|
06/04/2013 |
Company representatives, changed |
|
06/04/2013 |
Authorised signatories amended or new/amended vacancy text |
|
05/04/2013 |
Authorised signatories amended or new/amended vacancy text |
|
05/04/2013 |
Company representatives, changed |
|
14/03/2013 |
Limit, increase |
|
14/03/2013 |
Authorised signatories amended or new/amended vacancy text |
|
14/03/2013 |
Company representatives, changed |
|
Event Date |
Event Description |
|
05/03/2013 |
Certificate, registered |
|
23/01/2013 |
Limit, decrease |
|
23/01/2013 |
Authorised signatories amended or new/amended vacancy text |
|
23/01/2013 |
Company representatives, changed |
|
03/12/2012 |
Group annual accout, new |
|
03/12/2012 |
Annual account, new |
|
26/11/2012 |
Annual report (PDF), new |
|
02/03/2012 |
Authorised signatories amended or new/amended vacancy text |
|
02/03/2012 |
Board, changed |
|
02/03/2012 |
Company representatives, changed |
|
01/03/2012 |
Authorised signatories amended or new/amended vacancy text |
|
01/03/2012 |
Board, changed |
|
01/03/2012 |
Company representatives, changed |
|
08/12/2011 |
Company representatives, changed |
|
08/12/2011 |
Board, changed |
|
08/12/2011 |
Authorised signatories amended or new/amended vacancy text |
|
02/12/2011 |
Authorised signatories amended or new/amended vacancy text |
|
02/12/2011 |
Company representatives, changed |
|
02/12/2011 |
Board, changed |
|
16/11/2011 |
Merge information, changed |
|
16/11/2011 |
Status, changed |
|
10/11/2011 |
Merge information, changed |
|
10/11/2011 |
Status, changed |
|
25/10/2011 |
Fax number, changed |
|
11/10/2011 |
Annual account, new |
|
08/09/2011 |
Merge information, changed |
|
07/09/2011 |
Status, changed |
|
07/09/2011 |
Merge information, changed |
|
19/08/2011 |
Annual report (PDF), new |
|
29/03/2011 |
Fax number, changed |
|
23/10/2010 |
Authorised signatories amended or new/amended vacancy text |
|
23/10/2010 |
Board, changed |
|
23/10/2010 |
Company representatives, changed |
|
Status History |
|
No status history events for this company |
Profit
and Loss
|
Financial Year |
2014 |
2013 |
2012 |
|
Number of Weeks |
52 |
52 |
39 |
|
Currency |
SEK |
SEK |
SEK |
|
Consolidated Accounts |
No |
No |
No |
|
Revenue |
2.700.446.000 |
2.762.100.000 |
2.957.565.000 |
|
Operating Costs |
2.556.890.000 |
2.652.242.000 |
2.007.653.000 |
|
|
143.556.000 |
109.858.000 |
949.912.000 |
|
Financial Income |
243.991.000 |
183.154.000 |
320.450.000 |
|
Financial Expenses |
-339.458.000 |
-224.860.000 |
-153.524.000 |
|
Extraordinary Income |
- |
- |
- |
|
Extraordinary Costs |
- |
- |
- |
|
Profit before Tax |
49.106.000 |
-1.265.264.000 |
1.116.838.000 |
|
Tax |
-694.000 |
-24.788.000 |
-94.536.000 |
|
Profit after Tax |
48.412.000 |
-1.290.052.000 |
1.022.302.000 |
|
Minority Interests |
- |
- |
- |
|
Other Appropriations |
-55.073.000 |
115.000 |
282.000 |
|
Retained Profit |
-6.661.000 |
-1.289.937.000 |
1.022.584.000 |
Balance
Sheet
|
Financial
Year |
2014 |
2013 |
2012 |
|
Number
of Weeks |
52 |
52 |
39 |
|
Currency |
SEK |
SEK |
SEK |
|
Consolidated
Accounts |
No |
No |
No |
|
Land
& Buildings |
103.825.000 |
111.337.000 |
119.177.000 |
|
Plant
& Machinery |
395.453.000 |
385.589.000 |
373.947.000 |
|
Other
Tangible Assets |
52.493.000 |
40.162.000 |
31.674.000 |
|
|
|
|
|
|
Total
Tangible Assets |
551.771.000 |
537.088.000 |
524.798.000 |
|
Goodwill |
- |
- |
- |
|
Other
Intangible Assets |
787.004.000 |
846.274.000 |
926.156.000 |
|
Total
Intangible Assets |
787.004.000 |
846.274.000 |
926.156.000 |
|
Loans
To Group |
1.654.089.000 |
1.710.881.000 |
5.152.727.000 |
|
Other
Loans |
- |
- |
- |
|
Miscellaneous
Fixed Assets |
3.999.328.000 |
3.966.708.000 |
1.523.622.000 |
|
Total
Other Fixed Assets |
5.653.417.000 |
5.677.589.000 |
6.676.349.000 |
|
TOTAL
FIXED ASSETS |
6.992.192.000 |
7.060.951.000 |
8.127.303.000 |
|
Work
In Progress |
- |
- |
- |
|
Other
Inventories |
353.243.000 |
369.273.000 |
437.220.000 |
|
Total
Inventories |
353.243.000 |
369.273.000 |
437.220.000 |
|
Trade
Receivables |
386.145.000 |
340.639.000 |
318.003.000 |
|
Group
Receivables |
85.501.000 |
89.518.000 |
312.599.000 |
|
Miscellaneous
Receivables |
64.925.000 |
46.822.000 |
51.243.000 |
|
Total
Receivables |
536.571.000 |
476.979.000 |
681.845.000 |
|
Cash |
81.927.000 |
48.994.000 |
152.451.000 |
|
Other
Current Assets |
- |
- |
- |
|
TOTAL
CURRENT ASSETS |
971.741.000 |
895.246.000 |
1.271.517.000 |
|
TOTAL
ASSETS |
7.963.933.000 |
7.956.197.000 |
9.398.820.000 |
|
Trade
Payables |
433.647.000 |
399.496.000 |
417.060.000 |
|
Bank
Liabilities |
- |
- |
- |
|
Group
Payables |
- |
1.950.517.000 |
26.455.000 |
|
Miscellaneous
Liabilities |
2.101.455.000 |
206.760.000 |
158.588.000 |
|
TOTAL
CURRENT LIABILITIES |
2.535.102.000 |
2.556.773.000 |
602.103.000 |
|
|
- |
- |
- |
|
Other Loans Or Finance Due After 1 Year |
- |
- |
- |
|
Group Payables Due After 1 Year |
2.006.532.000 |
1.978.762.000 |
4.015.770.000 |
|
Miscellaneous Liabilities Due After 1 Year |
587.062.000 |
578.765.000 |
576.887.000 |
|
TOTAL LONG TERM LIABILITIES |
2.593.594.000 |
2.557.527.000 |
4.592.657.000 |
|
TOTAL LIABILITIES |
5.128.696.000 |
5.114.300.000 |
5.194.760.000 |
|
Called Up Share Capital |
85.000.000 |
85.000.000 |
85.000.000 |
|
Share Premium |
- |
- |
- |
|
Revenue Reserves |
2.733.237.000 |
2.739.897.000 |
4.367.380.000 |
|
Other Reserves |
17.000.000 |
17.000.000 |
-248.320.000 |
|
TOTAL SHAREHOLDERS EQUITY |
2.835.237.000 |
2.841.897.000 |
4.204.060.000 |
Other
Financials
|
Contingent Liabilities |
7.443.000 |
7.392.000 |
7.326.000 |
|
|
|
|
|
|
Working Capital |
-1.563.361.000 |
-1.661.527.000 |
669.414.000 |
|
|
|
|
|
|
Net Worth |
2.048.233.000 |
1.995.623.000 |
3.277.904.000 |
Ratios
|
Pre-Tax Profit Margin |
1.82 % |
-45.81 % |
37.76 % |
|
|
|
|
|
|
Return On Capital Employed |
0.47 % |
-12.04 % |
11.17 % |
|
|
|
|
|
|
Return On Total Assets Employed |
0.62 % |
-15.90 % |
11.88 % |
|
|
|
|
|
|
Return On Net Assets Employed |
1.73 % |
-44.52 % |
26.57 % |
|
|
|
|
|
|
Sales/Net Working Capital |
-1.73 |
-1.66 |
4.42 |
|
|
|
|
|
|
Stock Turnover Ratio |
13.08 % |
13.37 % |
14.78 % |
|
|
|
|
|
|
Debtor Days |
52.19 |
45.01 |
39.25 |
|
|
|
|
|
|
Creditor Days |
58.61 |
52.79 |
51.47 |
|
|
|
|
|
|
Current Ratio |
0.38 |
0.35 |
2.11 |
|
|
|
|
|
|
Liquidity Ratio/Acid Test |
0.24 |
0.21 |
1.39 |
|
|
|
|
|
|
Current Debt Ratio |
0.89 |
0.90 |
0.14 |
|
|
|
|
|
|
Gearing |
70.77 % |
69.63 % |
95.52 % |
|
|
|
|
|
|
Equity In Percentage |
186.10 % |
198.41 % |
234.04 % |
|
|
|
|
|
|
Total Debt Ratio |
1.81 |
1.80 |
1.24 |
Share
Capital Structure
|
Issued Share Capital |
85.000.000 SEK |
Shareholders
|
|
No shareholders data for this company. |
Current
Directors
|
|
|
|
Name |
Appointment Date |
Position |
|
Hill, James |
06/05/2013 |
Actual Member of Board |
|
Nils Johan Henrik Hjalmarsson |
06/11/2014 |
Actual Member of Board |
|
Showalter, William John |
09/09/2013 |
Actual Member of Board |
|
Jan-Inge Lennart Robinson Nyström |
04/04/2013 |
Actual Member of Board |
|
Kent Anders Mikael Ahlgren |
27/05/2009 |
Actual Member of Board |
|
Madelene Martina Hagman |
13/03/2013 |
Actual Member of Board |
|
Mona Bonde Jakobsson |
27/05/2009 |
Substitute |
|
Ulf Mikael Svalö |
29/08/2014 |
Substitute |
|
Ulf Stefan Andersson |
04/04/2013 |
Substitute |
Previous Directors
|
Name |
Appointment Date |
Position |
Resignation Date |
|
Reinhold Mielicki |
04/04/2013 |
Actual Member of Board |
10/07/2015 |
|
Anders Niklas Finné |
06/05/2013 |
Actual Member of Board |
06/11/2014 |
|
Latvanen, Jari Esko |
22/10/2010 |
Actual Member of Board |
29/08/2014 |
|
Cecilia Karlsson |
15/05/2006 |
Actual Member of Board |
06/05/2013 |
|
Leadbeater, Stephen Paul |
13/03/2013 |
Chairman of Board |
06/05/2013 |
|
Bettina Persson |
22/12/2009 |
Substitute |
05/04/2013 |
|
Björn Rutger Bergstrand |
27/05/2009 |
Actual Member of Board |
04/04/2013 |
|
Claes Göran Lundblad |
22/12/2009 |
Actual Member of Board |
04/04/2013 |
|
Britton, Christopher Paul |
22/12/2009 |
Actual Member of Board |
22/01/2013 |
|
von Paleske, Andreas |
29/02/2012 |
Actual Member of Board |
22/01/2013 |
|
Britt Agneta Lind |
27/05/2009 |
Substitute |
01/12/2011 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.65.15 |
|
|
1 |
Rs.100.54 |
|
Euro |
1 |
Rs.73.97 |
INFORMATION DETAILS
|
Analysis Done by
: |
KIN |
|
|
|
|
Report Prepared
by : |
ASH |
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.