MIRA INFORM REPORT

 

 

Report No. :

489135

Report Date :

03.02.2018

 

 

 

IDENTIFICATION DETAILS

 

Name :

ROJAN FOOD AB

 

 

Registered Office :

Pressargatan 14, 63229 Eskilstuna, Södermanland

 

 

Country :

Sweden

 

 

Financials (as on) :

31.12.2016

 

 

Date of Incorporation :

20.06.2000

 

 

Com. Reg. No.:

5565927984

 

 

Legal Form :

Limited Liability Company

 

 

Line of Business :

Subject is engaged in Wholesale of other food, including fish, crustaceans and molluscs.

 

 

No. of Employees :

4

 

 

RATING & COMMENTS

(Mira Inform has adopted New Rating mechanism w.e.f. 23rd January 2017)

 

MIRA’s Rating :

A+

 

Credit Rating

Explanation

Rating Comments

A+

Low Risk

Business dealings permissible with low risk of default

 

Maximum Credit Limit :

4.150.000 SEK

 

 

Status :

Good

 

 

Payment Behaviour :

Regular

 

 

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.

 

 

SWEDEN - ECONOMIC OVERVIEW

 

Sweden has achieved an enviable standard of living with its combination of free-market capitalism and extensive welfare benefits. Sweden remains outside the euro zone largely out of concern that joining the European Economic and Monetary Union would diminish the country’s sovereignty over its welfare system. Timber, hydropower, and iron ore constitute the resource base of an economy heavily oriented toward foreign trade.

 

Sweden’s economy experienced modest growth in 2014-17, with real GDP growth above 3%, but continues to struggle with deflationary pressure.

 

Source : CIA

 

Company Summary   

 

Business Name

Rojan Food AB

Country

SWEDEN

Company Registration Number

5565927984

Activity Code

46380

Activity Description

Wholesale of other food, including fish, crustaceans and molluscs

Company Status

Active (Active)

Latest Turnover Figure

55.721.000  SEK

Latest Shareholder Equity Figure

7.976.000  SEK

Credit Limit

4.150.000  SEK

 

 

Basic Information   

 

Business Name

Rojan Food AB

Registered Company Name

Rojan Food AB

Company Registration Number

5565927984

Country

SWEDEN

VAT Registration Number

SE556592798401

Date of Company Registration

20/06/2000

Legal Form

Limited liability company

Company Status

Active (Active)

Currency of this Report

SEK

Principal Activity Code

No code

Principal Activity Description

-

Contact Address

Pressargatan 14,  63229 ESKILSTUNA,  SÖDERMANLAND

Contact Telephone Number

016-482860

 

 

Main Address

           

Address

Pressargatan 14,  63229 ESKILSTUNA,  SÖDERMANLAND

Country

SWEDEN

Telephone

016-482860

 

 

Activities

 

Activity Code

Activity Description

 

46380

Wholesale of other food, including fish, crustaceans and molluscs

 

 

Email Addresses                      

No email addresses for this company

 

 

 

 

Employee Information

                       

Year

Number of Employees

 

2016

4

 

2015

4

 

2014

4

 

2013

7

 

2012

4

 

 

 

Advisors    

           

Auditor Name

Dan Häggquist

 

 

 

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

46380

 

Activity Description

Wholesale of other food, including fish, crustaceans and molluscs

 

Industry Average Credit Rating

70 (1 - 100)

 

Industry Average Credit Limit

141.000

 

 

 

 

Event History

           

Event Date

Event Description

 

21/08/2017

Group Structure Change

 

07/07/2017

Annual account, new

 

07/07/2017

Limit, increase

 

30/06/2017

Annual report (PDF), new

 

11/09/2016

Limit, increase

 

24/06/2016

Group Structure Change

 

25/05/2016

Group Structure Change

 

24/05/2016

Annual account, new

 

24/05/2016

Limit, increase

 

17/05/2016

Annual report (PDF), new

 

 

 

Event Date

Event Description

 

 

19/10/2015

Group Structure Change

 

 

28/07/2015

Limit, decrease

 

 

28/07/2015

Annual account, new

 

 

16/07/2015

Annual report (PDF), new

 

 

12/06/2015

Limit, increase

 

 

13/07/2014

Limit, increase

 

 

08/06/2014

Limit, decrease

 

 

02/06/2014

Annual account, new

 

 

02/06/2014

Limit, increase

 

 

27/05/2014

Annual report (PDF), new

 

 

18/05/2014

Limit, increase

 

 

11/05/2014

Limit, decrease

 

 

31/10/2013

Limit, decrease

 

 

01/07/2013

Limit, increase

 

 

01/07/2013

Annual account, new

 

 

19/06/2013

Annual report (PDF), new

 

 

19/06/2013

Limit, increase

 

 

 

 

Status History   

                       

No status history events for this company

 

 

 

 

 

Financials

 

Profit and Loss                                   

Financial Year

12/2016

12/2015

12/2014

Number of Weeks

52

52

52

Currency

SEK

SEK

SEK

Consolidated Accounts

No

No

No

Revenue

55.873.000

40.384.000

29.470.000

Operating Costs

53.121.000

38.186.000

28.189.000

Operating Profit

2.752.000

2.198.000

1.281.000

Wages & Salaries

1.416.000

820.000

907.000

Depreciation

534.000

564.000

578.000

Financial Income

5.000

1.000

4.000

Financial Expenses

76.000

102.000

433.000

Extraordinary Income

-

-

-

Extraordinary Costs

-

-

-

Profit before Tax

2.680.000

2.098.000

852.000

Tax

552.000

432.000

201.000

Profit after Tax

2.128.000

1.666.000

651.000

Minority Interests

-

-

-

Other Appropriations

-211.000

-153.000

-21.000

Retained Profit

1.917.000

1.512.000

630.000

 

 

Balance Sheet

 

Financial Year

12/2016

12/2015

12/2014

Number of Weeks

52

52

52

Currency

SEK

SEK

SEK

Consolidated Accounts

No

No

No

Land & Buildings

3.437.000

3.603.000

3.648.000

Plant & Machinery

-

-

-

Other Tangible Assets

824.000

1.192.000

1.634.000

Total Tangible Assets

4.261.000

4.795.000

5.282.000

Goodwill

-

-

-

Other Intangible Assets

-

-

-

Total Intangible Assets

-

-

-

Loans To Group

-

-

-

Other Loans

-

-

-

Miscellaneous Fixed Assets

197.000

197.000

193.000

Total Other Fixed Assets

197.000

197.000

193.000

TOTAL FIXED ASSETS

4.459.000

4.993.000

5.475.000

Work In Progress

-

-

-

Other Inventories

13.500.000

7.702.000

4.124.000

Total Inventories

13.500.000

7.702.000

4.124.000

Trade Receivables

6.519.000

6.401.000

4.619.000

Group Receivables

-

-

-

Miscellaneous Receivables

64.000

52.000

96.000

Total Receivables

6.583.000

6.453.000

4.715.000

Cash

-

2.000

74.000

Other Current Assets

-

-

-

TOTAL CURRENT ASSETS

20.083.000

14.157.000

8.914.000

TOTAL ASSETS

24.542.000

19.150.000

14.389.000

Trade Payables

5.473.000

3.850.000

1.559.000

Bank Liabilities

240.000

257.000

315.000

Group Payables

-

-

-

Miscellaneous Liabilities

1.499.000

1.007.000

2.577.000

TOTAL CURRENT LIABILITIES

7.212.000

5.114.000

4.451.000

Bank Liabilities Due After 1 Year

2.866.000

2.377.000

2.540.000

Other Loans Or Finance Due After 1 Year

-

-

-

Group Payables Due After 1 Year

-

-

-

Miscellaneous Liabilities Due After 1 Year

6.488.000

5.600.000

2.851.000

TOTAL LONG TERM LIABILITIES

9.354.000

7.977.000

5.391.000

TOTAL LIABILITIES

16.566.000

13.091.000

9.842.000

Called Up Share Capital

100.000

100.000

100.000

Share Premium

-

-

-

Revenue Reserves

7.856.000

5.939.000

4.427.000

Other Reserves

20.000

20.000

20.000

TOTAL SHAREHOLDERS EQUITY

7.976.000

6.059.000

4.547.000

 

 

Other Financials

 

Financial Year

12/2016

12/2015

12/2014

 

Contingent Liabilities

-

-

 

-

Working Capital

12.871.000

9.043.000

 

4.463.000

Net Worth

7.976.000

6.059.000

 

4.547.000

 

 

Ratios

                                               

Financial Year

12/2016

12/2015

 

12/2014

Pre-Tax Profit Margin (%)

4.80 %

5.20 %

 

2.89 %

Return On Capital Employed (%)

8.44 %

8.65 %

 

4.52 %

Return On Total Assets Employed (%)

10.92 %

10.96 %

 

5.92 %

Return On Net Assets Employed (%)

33.60 %

34.63 %

 

18.74 %

Sales/Net Working Capital

4.34

4.47

 

6.60

Stock Turnover Ratio (%)

24.16 %

19.07 %

 

13.99 %

Debtor Days

42.59

57.85

 

57.21

Creditor Days

35.75

34.80

 

19.31

Current Ratio

2.78

2.77

 

2.00

Liquidity Ratio/Acid Test

0.91

1.26

 

1.08

Current Debt Ratio

0.90

0.84

 

0.98

Gearing (%)

95.52 %

106.77 %

 

90.06 %

Equity In Percentage (%)

32.76 %

31.97 %

 

32.03 %

Total Debt Ratio

2.08

2.16

 

2.16

 

 

Additional Financials Items

                                               

Year End Date

 

2016

2015

2014

Audited Accounts

 

Yes

Yes

Yes

Auditor Comments

 

-

-

-

 

 

Share Capital Structure

 

Issued Share Capital

 

100.000 SEK

 

 

 

 

 

 

Shareholders

                                                           

No shareholders data for this company.

 

 

 

 

 

 

 

 

Current Directors

                                                                       

Name

 

 

Appointment Date

 

Position

 

Kasim Raundusi

 

 

 

31/10/2003

Actual Member of Board

 

Najiba Raundusi

 

 

 

31/10/2003

Substitute

 

 

 

Group Structure

 

Company Name

 

Number

Latest Annual

 

 

 

Accounts

0

Rojan Food AB

5565927984

31/12/2016

1

Rojan Invest AB

5569066870

31/12/2016

 

 

Negative Information

 

Debt Balance

 

No Debt Balance for this company.

 

Record of Non Payment

 

Number Of Distraint Or Repossessions

0

Number Of Public Claims

3

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

INR 64.07

UK Pound

1

INR 91.33

Euro

1

INR 80.03

SEK

1

INR 8.11

 

Note : Above are approximate rates obtained from sources believed to be correct

 

 

INFORMATION DETAILS

 

Analysis Done by :

VIV

 

 

Report Prepared by :

DNS

 

 

RATING EXPLANATIONS

 

Credit Rating

Explanation

Rating Comments

A++

Minimum Risk

Business dealings permissible with minimum risk of default

A+

Low Risk

Business dealings permissible with low risk of default

A

Acceptable Risk

Business dealings permissible with moderate risk of default

B

Medium Risk

Business dealings permissible on a regular monitoring basis

C

Medium High Risk

Business dealings permissible preferably on secured basis

D

High Risk

Business dealing not recommended or on secured terms only

NB

New Business

No recommendation can be done due to business in infancy stage

NT

No Trace

No recommendation can be done as the business is not traceable

 

NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.

 

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 are as follows:

 

·         Financial condition covering various ratios

·         Company background and operations size

·         Promoters / Management background

·         Payment record

·         Litigation against the subject

·         Industry scenario / competitor analysis

·         Supplier / Customer / Banker review (wherever available)

 

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.