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MIRA INFORM REPORT
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Report No. : |
516267 |
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Report Date : |
23.06.2018 |
IDENTIFICATION DETAILS
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Name : |
ESAB
SWEDEN AB |
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Registered Office : |
Box
8004, 402 77 Goteborg, Stockholm |
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Country : |
Sweden |
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Date of Incorporation : |
19.09.2017 |
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Com. Reg. No.: |
5591257661 |
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Legal Form : |
Limited company |
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Line of Business : |
Manufacture
of Cold drawn steel wire |
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No. of Employees : |
Not available |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
NB |
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Credit Rating |
Explanation |
Rating Comments |
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NB |
New Business |
No recommendation can be done due to
business in infancy stage |
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Status : |
New Business |
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Payment Behaviour : |
Unknown |
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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
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Country Name |
Previous Rating (31.12.2017) |
Current Rating (01.04.2018) |
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Sweden |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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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.
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Source
: CIA |
Company
name
ESAB Sweden AB
Company Summary
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Business Name |
ESAB Sweden AB |
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Country |
SWEDEN |
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Company Registration Number |
5591257661 |
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Company Status |
Active (Active) |
Basic Information
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Business Name |
ESAB Sweden AB |
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Registered Company Name |
ESAB Sweden AB |
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Company Registration Number |
5591257661 |
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Country |
SWEDEN |
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Date of Company Registration |
19/09/2017 |
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Legal Form |
Limited company |
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Principal Activity Code |
24340 |
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Principal Activity Description |
Manufacture of Cold drawn steel wire |
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Company Status |
Active (Active) |
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Currency of this Report |
SEK |
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Contact Address |
Box 8004, 402 77 GOTEBORG, STOCKHOLM |
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Contact Telephone Number |
031-509000 |
Main Address
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Address |
Box 8004, 402 77 GOTEBORG, STOCKHOLM |
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Country |
SWEDEN |
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Telephone |
031-509000 |
Email Addresses
No email addresses for this company
Employee Information
No employee information for this company
Advisors
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Auditor Name |
Ernst & Young Aktiebolag |
Tax Registrations
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Registered for FTax |
No |
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Registered for VAT |
No |
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Registered for Employee Tax |
No |
Certificates
No certificate information for this company
Industry Comparison
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Activity Code |
24340 |
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Activity Description |
Manufacture of Cold drawn steel wire |
Event History
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Event Date |
Event Description |
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28/03/2018 |
PAYE registered |
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20/02/2018 |
Phone number, new |
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02/02/2018 |
VAT, changed |
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02/02/2018 |
Employment tax, changed |
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31/01/2018 |
Company tax, changed |
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01/12/2017 |
Provision in the articles of association to have
an accountant |
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01/12/2017 |
Address, changed |
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01/12/2017 |
Status, changed |
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01/12/2017 |
Company name, changed (old name: Goldcup 15404
AB) |
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01/12/2017 |
Authorised signatories amended or new/amended
vacancy text |
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01/12/2017 |
Company business activity, changed |
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01/12/2017 |
Company representatives, changed |
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20/09/2017 |
Address, changed |
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20/09/2017 |
Status, changed |
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20/09/2017 |
Company representatives, changed |
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20/09/2017 |
Authorised signatories amended or new/amended
vacancy text |
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20/09/2017 |
Share capital, new |
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20/09/2017 |
Company business activity, changed |
Status History
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Date |
19/09/2017 |
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Event Description |
Storage company |
Financial
Information
No
financial information for this company
Share Capital Structure
Issued Share Capital 50,000 SEK
Shareholders
No shareholders data for this company.
Current Directors
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Name |
Appointment Date |
Position |
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Sten Johan Magnus Wallin |
30/11/2017 |
Actual Member of Board |
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Jonathan Brent Bohmrich |
30/11/2017 |
Actual Member of Board |
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Mark Paul Lehman |
30/11/2017 |
Actual Member of Board |
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Rut Anna Sofia Irene
Berggren |
30/11/2017 |
Actual Member of Board |
Previous Directors
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Name |
Appointment Date |
Position |
Resignation Date |
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Lars Anders Larsson |
19/09/2017 |
Actual
Member of Board |
30/11/2017 |
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Jan Totte Dahlin |
19/09/2017 |
Substitute |
30/11/2017 |
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Jan Anders Fredrik Loven |
19/09/2017 |
Substitute |
30/11/2017 |
Group
Structure
No
group structure for this company
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.
Latest
Private Claim
No
Latest Private Claim for this company.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 67.77 |
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1 |
INR 89.96 |
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Euro |
1 |
INR 78.86 |
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SEK |
1 |
INR 7.66 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
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Analysis Done by
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NIY |
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Report Prepared
by : |
SYL |
RATING EXPLANATIONS
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Credit Rating |
Explanation |
Rating Comments |
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A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
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A+ |
Low Risk |
Business dealings permissible with low
risk of default |
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A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
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C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
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D |
High Risk |
Business dealing not recommended or on
secured terms only |
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NB |
New Business |
No recommendation can be done due to
business in infancy stage |
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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
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Promoters
/ Management background
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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.