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MIRA INFORM REPORT
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Report No. : |
516399 |
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Report Date : |
22.06.2018 |
IDENTIFICATION DETAILS
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Name : |
NORDIC RAW MATERIALS AB |
|
|
|
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Registered Office : |
Box 322, 261 23 Landskrona, Skåne |
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Country : |
Sweden |
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Financials (as on) : |
December, 2017 |
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Date of Incorporation : |
28.02.2007 |
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Com. Reg. No.: |
5567247308 |
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Legal Form : |
Limited Company |
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Line of Business : |
The Company provides recycled stainless steel, copper, brass,
zinc, and aluminium to manufactures throughout Sweden. |
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No. of Employees : |
10 |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
A+ |
|
Credit Rating |
Explanation |
Rating Comments |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
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Status : |
Good |
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|
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Payment Behaviour : |
Regular |
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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
|
Country Name |
Previous Rating (31.12.2017) |
Current Rating (01.04.2018) |
|
Sweden |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
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Low Risk |
A2 |
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Moderately Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderately High Risk |
C1 |
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High Risk |
C2 |
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Very High Risk |
D |
SWEDEN - ECONOMIC OVERVIEW
Sweden’s small, open, and competitive economy has been thriving and
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 a
manufacturing economy that relies heavily on foreign trade. Exports, including
engines and other machines, motor vehicles, and telecommunications equipment,
account for more than 44% of GDP. Sweden enjoys a current account surplus of
about 5% of GDP, which is one of the highest margins in Europe.
GDP grew an estimated 3.3% in 2016 and 2017 driven largely by investment
in the construction sector. Economic growth is expected to ease slightly in the
coming years as this investment subsides. Global economic growth boosted
exports of Swedish manufactures further, helping drive domestic economic growth
in 2017. The central bank is keeping an eye on deflationary pressures and is
expected to maintain its expansionary monetary policy in 2018. Swedish prices
and wages have grown only slightly over the past few years, helping to support
the country’s competitiveness.
In the short and medium term Sweden’s economic challenges include
keeping rising house prices in check and successfully integrating migrants into
the labor market.
|
Source
: CIA |
Company
Summary
|
Business Name |
NORDIC RAW MATERIALS AB |
|
Country |
SWEDEN |
|
Company Registration Number |
5567247308 |
|
Activity Code |
- |
|
Activity Description |
- |
|
Company Status |
Active (Active) |
|
Latest Turnover Figure |
205,782,000 SEK |
|
Latest Shareholder Equity Figure |
11,927,000 SEK |
Basic
Information
|
Business Name |
Nordic Raw Materials AB |
|
Registered Company Name |
Nordic Raw Materials AB |
|
Company Registration Number |
5567247308 |
|
Country |
SWEDEN |
|
Date of Company Registration |
28/02/2007 |
|
Legal Form |
Limited Company |
|
Company Status |
Active (Active) |
|
Currency of this Report |
SEK |
|
Principal Activity Code |
- |
|
Principal Activity Description |
The Company provides recycled stainless steel, copper, brass,
zinc, and aluminium to manufactures throughout Sweden. |
|
Contact Address |
Box 322, 261 23 LANDSKRONA, SKÅNE |
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Contact Telephone Number |
0418-446460 |
Main Address
|
Address |
Box 322, 261 23 LANDSKRONA, SKÅNE |
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Country |
SWEDEN |
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Telephone |
0418-446460 |
Email Addresses
No email addresses for this company
Web Pages
www.nrmab.com
Employee
Information
|
Year |
Number of
Employees |
|
2017 |
10 |
|
2016 |
10 |
|
2015 |
9 |
|
2014 |
10 |
|
2013 |
10 |
Advisors
|
Auditor Name |
MAZARS SET Revisionsbyrå AB |
Tax
Registrations
|
Registered for FTax |
No |
|
Registered for VAT |
No |
|
Registered for Employee Tax |
No |
Certificates
|
Type |
Category |
Issuer |
|
No certificate information for this company |
|
|
Industry
Comparison
|
Activity Code |
46772 |
|
Activity Description |
Wholesale of metal waste and scrap |
Event
History
|
Event Date |
Event
Description |
|
16/04/2018 |
Group Structure Change |
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13/04/2018 |
Limit, increase |
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13/04/2018 |
Annual account, new |
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11/04/2018 |
Annual report (PDF), new |
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07/06/2017 |
Certificate, registered |
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07/06/2017 |
Certificate, deregistered |
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16/05/2017 |
Group Structure Change |
|
15/05/2017 |
Limit, increase |
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15/05/2017 |
Annual account, new |
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08/05/2017 |
Annual report (PDF), new |
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08/05/2017 |
Group Structure Change |
|
Event Date |
Event Description |
|
05/07/2016 |
Annual report (PDF), new |
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19/05/2016 |
Group Structure Change |
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16/05/2016 |
Limit, decrease |
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16/05/2016 |
Annual account, new |
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03/05/2016 |
Company representatives, changed |
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18/02/2016 |
Company representatives, changed |
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18/02/2016 |
Authorised signatories amended or new/amended vacancy text |
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02/07/2015 |
Group Structure Change |
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23/06/2015 |
Annual account, new |
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23/06/2015 |
Limit, increase |
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16/06/2015 |
Annual report (PDF), new |
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26/05/2014 |
Group Structure Change |
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21/05/2014 |
Annual account, new |
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21/05/2014 |
Limit, increase |
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15/05/2014 |
Annual report (PDF), new |
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29/03/2014 |
Limit, increase |
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22/03/2014 |
Limit, decrease |
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18/12/2013 |
Authorised signatories amended or new/amended vacancy text |
|
18/12/2013 |
Company representatives, changed |
|
01/10/2013 |
Limit, increase |
Status
History
No status history events
for this company
Financials
Profit and Loss
|
Financial Year |
12/2017 |
12/2016 |
12/2015 |
|
Number of Weeks |
52 |
52 |
52 |
|
Currency |
SEK |
SEK |
SEK |
|
Consolidated
Accounts |
No |
No |
No |
|
Revenue |
206,291,000 |
147,971,000 |
150,299,000 |
|
Operating Costs |
202,878,000 |
145,479,000 |
150,796,000 |
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Operating Profit |
3,413,000 |
2,492,000 |
-497,000 |
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Wages & Salaries |
5,511,000 |
5,205,000 |
4,867,000 |
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Depreciation |
184,000 |
138,000 |
138,000 |
|
Financial Income |
1,000 |
595,000 |
3,000 |
|
Financial Expenses |
491,000 |
478,000 |
505,000 |
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Extraordinary Income |
- |
- |
- |
|
Extraordinary Costs |
- |
- |
- |
|
Profit before Tax |
2,923,000 |
2,608,000 |
-999,000 |
|
Tax |
659,000 |
374,000 |
- |
|
Profit after Tax |
2,264,000 |
2,234,000 |
-999,000 |
|
Minority Interests |
- |
- |
- |
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Other Appropriations |
- |
- |
- |
|
Retained Profit |
2,265,000 |
2,234,000 |
-999,000 |
Balance Sheet
|
Financial Year |
12/2017 |
12/2016 |
12/2015 |
|
Number of Weeks |
52 |
52 |
52 |
|
Currency |
SEK |
SEK |
SEK |
|
Consolidated
Accounts |
No |
No |
No |
|
Land & Buildings |
4,246,000 |
1,044,000 |
1,115,000 |
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Plant & Machinery |
249,000 |
119,000 |
186,000 |
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Other Tangible Assets |
- |
- |
- |
|
Total Tangible Assets |
4,495,000 |
1,163,000 |
1,301,000 |
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Goodwill |
- |
- |
- |
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Other Intangible Assets |
- |
- |
- |
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Total Intangible Assets |
- |
- |
- |
|
Loans To Group |
- |
- |
- |
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Other Loans |
- |
- |
- |
|
Miscellaneous Fixed Assets |
3,896,000 |
3,896,000 |
3,463,000 |
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Total Other Fixed Assets |
3,896,000 |
3,896,000 |
3,463,000 |
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TOTAL FIXED ASSETS |
8,391,000 |
5,058,000 |
4,764,000 |
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Work In Progress |
- |
- |
- |
|
Other Inventories |
20,161,000 |
9,846,000 |
10,966,000 |
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Total Inventories |
20,161,000 |
9,846,000 |
10,966,000 |
|
Trade Receivables |
8,964,000 |
38,099,000 |
19,586,000 |
|
Group Receivables |
90,000 |
180,000 |
613,000 |
|
Miscellaneous Receivables |
2,787,000 |
2,261,000 |
3,297,000 |
|
Total Receivables |
11,841,000 |
40,540,000 |
23,496,000 |
|
Cash |
3,921,000 |
3,666,000 |
1,148,000 |
|
Other Current Assets |
- |
- |
- |
|
TOTAL CURRENT ASSETS |
35,923,000 |
54,052,000 |
35,610,000 |
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TOTAL ASSETS |
44,313,000 |
59,111,000 |
40,374,000 |
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Trade Payables |
6,238,000 |
21,715,000 |
5,055,000 |
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Bank Liabilities |
7,015,000 |
13,341,000 |
12,100,000 |
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Group Payables |
625,000 |
625,000 |
750,000 |
|
Miscellaneous Liabilities |
4,207,000 |
2,156,000 |
2,750,000 |
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TOTAL CURRENT LIABILITIES |
18,085,000 |
37,837,000 |
20,655,000 |
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Bank Liabilities Due After 1 Year |
1,330,000 |
240,000 |
720,000 |
|
Other Loans Or Finance Due After 1 Year |
- |
- |
- |
|
Group Payables Due After 1 Year |
12,516,000 |
8,416,000 |
8,916,000 |
|
Miscellaneous Liabilities Due After 1 Year |
455,000 |
955,000 |
655,000 |
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TOTAL LONG TERM LIABILITIES |
14,301,000 |
9,611,000 |
10,291,000 |
|
TOTAL LIABILITIES |
32,386,000 |
47,448,000 |
30,946,000 |
|
Called Up Share Capital |
1,000,000 |
1,000,000 |
1,000,000 |
|
Share Premium |
- |
- |
- |
|
Revenue Reserves |
10,927,000 |
10,663,000 |
8,428,000 |
|
Other Reserves |
- |
- |
- |
|
TOTAL SHAREHOLDERS EQUITY |
11,927,000 |
11,663,000 |
9,428,000 |
Other Financials
|
Financial Year |
12/2017 |
12/2016 |
12/2015 |
|
Contingent Liabilities |
- |
- |
- |
|
Working Capital |
17,838,000 |
16,215,000 |
14,955,000 |
|
Net Worth |
11,927,000 |
11,663,000 |
9,428,000 |
|
Ratios |
|
|
|
|
Financial Year |
12/2017 |
12/2016 |
12/2015 |
|
Pre-Tax Profit Margin (%) |
1.42 % |
1.76 % |
-0.66 % |
|
Return On Capital Employed (%) |
4.68 % |
2.69 % |
-1.64 % |
|
Return On Total Assets Employed (%) |
6.60 % |
4.41 % |
-2.47 % |
|
Return On Net Assets Employed (%) |
24.51 % |
22.36 % |
-10.60 % |
|
Sales/Net Working Capital |
11.56 |
9.13 |
10.05 |
|
Stock Turnover Ratio (%) |
9.77 % |
6.65 % |
7.30 % |
|
Debtor Days |
15.86 |
93.98 |
47.56 |
|
Creditor Days |
11.04 |
53.56 |
12.28 |
|
Current Ratio |
1.99 |
1.43 |
1.72 |
|
Liquidity Ratio/Acid Test |
0.87 |
1.17 |
1.19 |
|
Current Debt Ratio |
1.52 |
3.24 |
2.19 |
|
Gearing (%) |
178.72 % |
196.79 % |
237.49 % |
|
Equity In Percentage (%) |
29.51 % |
21.12 % |
25.54 % |
|
Total Debt Ratio |
2.72 |
4.07 |
3.28 |
Additional Financials Items
|
Year End Date |
2017 |
2016 |
2015 |
|
Audited Accounts |
Yes |
Yes |
Yes |
|
Auditor Comments |
- |
- |
- |
Share
Capital Structure
|
Issued Share Capital |
1,000,000 SEK |
Shareholders
No shareholders
data for this company.
Current
Directors
|
Name |
Appointment Date |
Position |
|
Gerd Hähne |
17/12/2013 |
Actual Member of Board |
|
Naveen Kumar Upadhyaya |
18/04/2011 |
Managing Director |
|
Jan Bertil Henning Boberg |
17/02/2016 |
Actual Member of Board |
|
Lalit Mohan Upadhyaya |
28/02/2007 |
Actual Member of Board |
|
Lena Marianne Upadhyaya |
25/04/2007 |
Actual Member of Board |
|
Jai Mohan Upadhyaya |
17/02/2016 |
Substitute |
Previous
Directors
|
Name |
|
Appointment Date |
Position |
Resignation Date |
|
Martin Per Åke Lundström |
|
28/02/2007 |
Actual Member of Board |
17/12/2013 |
Group
Structure
|
Company Name |
|
Number |
Status |
Latest Annual |
|
|
|
|
|
Accounts |
|
0 |
Indo-Swedish Business Development Aktiebolag |
5564208162 |
|
31/12/2017 |
|
1 |
Nordic Raw Materials AB |
5567247308 |
|
31/12/2017 |
Negative
Information
Debt Balance
No Debt Balance for this company.
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.
Debt Balance
Latest Private
Claim
No Latest Private Claim for this company.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 68.20 |
|
|
1 |
INR 89.58 |
|
Euro |
1 |
INR 78.79 |
|
SEK |
1 |
INR 7.67 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
PRI |
|
|
|
|
Report Prepared
by : |
SDA |
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)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.