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Report No. : |
346331 |
|
Report Date : |
26.10.2015 |
IDENTIFICATION DETAILS
|
Name : |
FLIR SYSTEMS AKTIEBOLAG |
|
|
|
|
Registered Office : |
Box 7376, 18715 Täby |
|
|
|
|
Country : |
Sweden |
|
|
|
|
Financials (as on) : |
2014 |
|
|
|
|
Date of Incorporation : |
18.12.1987 |
|
|
|
|
Com. Reg. No.: |
5562566579 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
Manufacture of Instruments and Appliances for Measuring,
Testing and Navigation. |
|
|
|
|
No. of Employees : |
337 |
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 |
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|
|
|
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 |
FLIR Systems Aktiebolag |
|
Country |
SWEDEN |
|
Company Registration Number |
5562566579 |
|
Activity Code |
26510 |
|
Activity Description |
Manufacture of instruments and appliances for measuring, testing and
navigation |
|
Company Status |
Active (Active) |
|
Latest Turnover Figure |
1.137.667.000 SEK |
|
Latest Shareholder Equity Figure |
9.004.399.000 SEK |
|
Business Name |
FLIR Systems Aktiebolag |
|
Registered Company Name |
FLIR Systems Aktiebolag |
|
Company Registration Number |
5562566579 |
|
Country |
SWEDEN |
|
VAT Registration Number |
SE556256657901 |
|
Date of Company Registration |
18/12/1987 |
|
Legal Form |
Limited liability company |
|
Company Status |
Active (Active) |
|
Currency of this Report |
SEK |
|
Principal Activity Code |
No code |
|
Principal Activity Description |
The Company shall engage in the manufacture and sale of electronic
equipment, preferably respect to imaging systems, and activities compatible
therewith. |
|
Contact Address |
Box 7376, 18715 TÄBY |
|
Contact Telephone Number |
08-7532500 |
|
Address |
Box 7376, 18715 TÄBY |
|
Country |
SWEDEN |
|
Telephone |
08-7532500 |
|
Address |
Country |
|
No other addresses for this company |
|
|
Activity Code |
Activity Description |
|
26510 |
Manufacture of instruments and appliances for measuring, testing and
navigation |
|
26300 |
Manufacture of communication equipment |
|
71129 |
Other engineering activities and related technical consultancy |
|
26700 |
Manufacture of optical instruments and photographic equipment |
|
28990 |
Manufacture of other special-purpose machinery n.e.c. |
|
Year |
Number of Employees |
|
2014 |
337 |
|
2013 |
332 |
|
2012 |
357 |
|
2011 |
394 |
|
2010 |
386 |
|
Auditor Name |
KPMG AB |
|
|
Registered for FTax |
Yes |
|
Registered for VAT |
Yes |
|
Registered for Employee Tax |
Yes |
|
Type |
Category |
Issuer |
|
No certificate information for this company |
||
|
Activity Code |
26510 |
|
|
Activity Description |
Manufacture of instruments and appliances for measuring, testing and
navigation |
|
|
Industry Average Credit Rating |
78 (1 - 100) |
|
|
Industry Average Credit Limit |
1.208.000 |
|
|
Event Date |
Event
Description |
|
|
|
14/09/2015 |
Group Structure Change |
|
|
|
28/08/2015 |
Annual account, new |
|
|
|
28/08/2015 |
Group annual accout, new |
|
|
|
18/08/2015 |
Annual report (PDF), new |
|
|
|
27/06/2015 |
Authorised signatories amended or new/amended vacancy text |
|
|
|
27/06/2015 |
Company representatives, changed |
|
|
|
09/04/2015 |
Authorised signatories amended or new/amended vacancy text |
|
|
|
09/04/2015 |
Company representatives, changed |
|
|
|
18/09/2014 |
Group Structure Change |
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|
|
12/09/2014 |
Annual account, new |
|
|
|
12/09/2014 |
Group annual accout, new |
|
|
|
12/09/2014 |
Group Structure Change |
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|
|
08/09/2014 |
Annual report (PDF), new |
|
|
|
15/01/2014 |
Authorised signatories amended or new/amended vacancy text |
|
|
|
15/01/2014 |
Company representatives, changed |
|
|
|
14/11/2013 |
Group Structure Change |
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|
|
01/10/2013 |
Group Structure Change |
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|
|
27/09/2013 |
Group Structure Change |
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|
|
20/09/2013 |
Annual account, new |
|
|
|
20/09/2013 |
Group annual accout, new |
|
|
|
21/08/2013 |
Annual report (PDF), new |
|
|
|
04/09/2012 |
Annual account, new |
|
|
|
16/08/2012 |
Place of residence, changed |
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|
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10/08/2012 |
Annual report (PDF), new |
|
|
|
10/08/2012 |
Company representatives, changed |
|
|
|
10/08/2012 |
Board, changed |
|
|
|
10/08/2012 |
Authorised signatories amended or new/amended vacancy text |
|
|
|
17/07/2012 |
Address, changed |
|
|
|
27/09/2011 |
Annual account, new |
|
|
|
23/09/2011 |
Board, changed |
|
|
|
23/09/2011 |
Company representatives, changed |
|
|
|
23/09/2011 |
Authorised signatories amended or new/amended vacancy text |
|
|
|
16/08/2011 |
Annual report (PDF), new |
|
|
|
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 |
1.137.667.000 |
918.779.000 |
1.042.455.000 |
|
|
Operating Costs |
973.586.000 |
855.960.000 |
962.379.000 |
|
|
Operating Profit |
164.081.000 |
62.819.000 |
80.076.000 |
|
|
Financial Income |
996.000 |
1.515.000 |
10.917.000 |
|
|
Financial Expenses |
-1.335.000 |
-1.132.000 |
-1.021.000 |
|
|
Extraordinary Income |
- |
- |
- |
|
|
Extraordinary Costs |
- |
- |
- |
|
|
Profit before Tax |
7.826.562.000 |
63.202.000 |
306.972.000 |
|
|
Tax |
-2.292.000 |
-14.643.000 |
-24.881.000 |
|
|
Profit after Tax |
7.824.270.000 |
48.559.000 |
282.091.000 |
|
|
Minority Interests |
- |
- |
- |
|
|
Other Appropriations |
-156.349.000 |
4.033.000 |
644.000 |
|
|
Retained Profit |
7.667.921.000 |
52.592.000 |
282.735.000 |
|
|
Financial Year |
2014 |
2013 |
2012 |
|
Number of Weeks |
52 |
52 |
52 |
|
Currency |
SEK |
SEK |
SEK |
|
Consolidated Accounts |
No |
No |
No |
|
Land & Buildings |
150.676.000 |
151.710.000 |
156.825.000 |
|
Plant & Machinery |
27.321.000 |
37.521.000 |
45.495.000 |
|
Other Tangible Assets |
20.991.000 |
16.892.000 |
33.362.000 |
|
Total Tangible Assets |
198.988.000 |
206.123.000 |
235.682.000 |
|
Goodwill |
- |
- |
- |
|
Other Intangible Assets |
- |
- |
- |
|
Total Intangible Assets |
- |
- |
- |
|
Loans To Group |
- |
490.244.000 |
- |
|
Other Loans |
- |
- |
- |
|
Miscellaneous Fixed Assets |
408.517.000 |
73.000 |
73.000 |
|
Total Other Fixed Assets |
408.517.000 |
490.317.000 |
73.000 |
|
TOTAL FIXED ASSETS |
607.505.000 |
696.440.000 |
235.755.000 |
|
Work In Progress |
- |
- |
- |
|
Other Inventories |
354.647.000 |
309.147.000 |
366.618.000 |
|
Total Inventories |
354.647.000 |
309.147.000 |
366.618.000 |
|
Trade Receivables |
81.528.000 |
58.379.000 |
54.657.000 |
|
Group Receivables |
131.018.000 |
90.307.000 |
90.135.000 |
|
Miscellaneous Receivables |
7.783.132.000 |
56.694.000 |
53.740.000 |
|
Total Receivables |
7.995.678.000 |
205.380.000 |
198.532.000 |
|
Cash |
375.887.000 |
197.545.000 |
96.777.000 |
|
Other Current Assets |
- |
- |
- |
|
TOTAL CURRENT ASSETS |
8.726.212.000 |
712.072.000 |
661.927.000 |
|
TOTAL ASSETS |
9.333.717.000 |
1.408.512.000 |
897.682.000 |
|
Trade Payables |
90.523.000 |
36.817.000 |
48.298.000 |
|
Bank Liabilities |
- |
- |
- |
|
Group Payables |
25.732.000 |
8.547.000 |
171.365.000 |
|
Miscellaneous Liabilities |
131.494.000 |
118.030.000 |
119.209.000 |
|
TOTAL CURRENT LIABILITIES |
247.749.000 |
163.394.000 |
338.872.000 |
|
Bank Liabilities Due After 1 Year |
- |
- |
- |
|
Other Loans Or Finance Due After 1 Year |
- |
- |
- |
|
Group Payables Due After 1 Year |
6.224.000 |
914.096.000 |
- |
|
Miscellaneous Liabilities Due After 1 Year |
75.345.000 |
65.450.000 |
77.534.000 |
|
TOTAL LONG TERM LIABILITIES |
81.569.000 |
979.546.000 |
77.534.000 |
|
TOTAL LIABILITIES |
329.318.000 |
1.142.940.000 |
416.406.000 |
|
Called Up Share Capital |
100.000 |
100.000 |
100.000 |
|
Share Premium |
- |
- |
- |
|
Revenue Reserves |
7.888.171.000 |
271.698.000 |
502.283.000 |
|
Other Reserves |
1.116.128.000 |
-6.226.000 |
-21.107.000 |
|
TOTAL SHAREHOLDERS EQUITY |
9.004.399.000 |
265.572.000 |
481.276.000 |
|
Contingent Liabilities |
6.917.000 |
6.622.000 |
5.147.000 |
|
Working Capital |
8.478.463.000 |
548.678.000 |
323.055.000 |
|
Net Worth |
9.004.399.000 |
265.572.000 |
481.276.000 |
|
Pre-Tax Profit Margin |
687.95 % |
6.88 % |
29.45 % |
|
Return On Capital Employed |
81.68 % |
4.02 % |
24.82 % |
|
Return On Total Assets Employed |
83.85 % |
4.49 % |
34.20 % |
|
Return On Net Assets Employed |
86.92 % |
23.80 % |
63.78 % |
|
Sales/Net Working Capital |
0.13 |
1.67 |
3.23 |
|
Stock Turnover Ratio |
31.17 % |
33.65 % |
35.17 % |
|
Debtor Days |
26.16 |
23.19 |
19.14 |
|
Creditor Days |
29.04 |
14.63 |
16.91 |
|
Current Ratio |
35.22 |
4.36 |
1.95 |
|
Liquidity Ratio/Acid Test |
33.79 |
2.47 |
0.87 |
|
Current Debt Ratio |
0.03 |
0.62 |
0.70 |
|
Gearing |
0.07 % |
344.20 % |
1.48 % |
|
Equity In Percentage |
100.89 % |
28.92 % |
53.62 % |
|
Total Debt Ratio |
0.04 |
4.30 |
0.87 |
|
Issued Share Capital |
100.000 SEK |
|
|
No shareholders data for this company.
|
Name |
Appointment Date |
Position |
|
|
Surran, Thomas Aquinas |
14/01/2014 |
Chairman of Board |
|
|
DuChene, Todd |
26/06/2015 |
Actual Member of Board |
|
|
Tord Rickard Lindvall |
14/01/2014 |
Actual Member of Board |
|
|
Ulf Lars Gunnar Guldevall |
23/07/2001 |
Actual Member of Board |
|
|
Ulf Torbjörn Hamrelius |
26/06/2015 |
Substitute |
|
|
Name |
Appointment Date |
Position |
Resignation Date |
|
Trunzo, Anthony Leslie |
14/01/2014 |
Actual Member of Board |
26/06/2015 |
|
Anders Carl-Henrik Stensson |
22/09/2011 |
External Signatory |
08/04/2015 |
|
Lewis, Earl Ray |
15/11/2000 |
Actual Member of Board |
14/01/2014 |
|
Teich, Andrew Carleton |
26/05/2010 |
Actual Member of Board |
14/01/2014 |
|
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
Debt Balance
|
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.64.88 |
|
|
1 |
Rs.99.89 |
|
Euro |
1 |
Rs.72.06 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAS |
|
|
|
|
Report Prepared
by : |
NIT |
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.