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MIRA INFORM REPORT
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Report No. : |
495666 |
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Report Date : |
08.03.2018 |
IDENTIFICATION DETAILS
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Name : |
FIREFLY AB |
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|
|
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Registered Office : |
Heliosgatan 3, 12030
Stockholm, Stockholm |
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Country : |
Sweden |
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Financials (as on) : |
December 2016 |
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Date of Incorporation : |
22.02.1967 |
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Com. Reg. No.: |
5561086892 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Wholesale of other machinery and equipment n.e.c. |
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No. of Employees : |
67 (2016) |
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 |
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A+ |
Low Risk |
Business dealings permissible with low
risk of default |
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Status : |
Good |
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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 (30.09.2017) |
Current Rating (31.12.2017) |
|
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 Summary
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Business
Name |
Firefly AB |
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Country |
SWEDEN |
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Company
Registration Number |
5561086892 |
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Activity
Code |
46699 |
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Activity
Description |
Wholesale of other machinery and equipment
n.e.c. |
|
Company
Status |
Active (Active) |
Basic Information
|
Business
Name |
Firefly
AB |
|
Registered
Company Name |
Firefly
AB |
|
Company
Registration Number |
5561086892 |
|
Country |
SWEDEN |
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VAT
Registration Number |
SE556108689201 |
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Date
of Company Registration |
22/02/1967 |
|
Legal
Form |
Limited
liability company |
|
Company
Status |
Active
(Active) |
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Currency
of this Report |
SEK |
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Principal
Activity Code |
No
code |
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Principal
Activity Description - |
|
|
Contact
Address |
Heliosgatan
3,12030 STOCKHOLM, STOCKHOLM |
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Contact
Telephone Number - |
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Main Address
|
Address |
Heliosgatan 3, 12030 STOCKHOLM, STOCKHOLM |
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Country |
SWEDEN |
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Telephone |
- - |
Activities
|
Activity Code Activity Description |
|
46699 Wholesale of other machinery and equipment n.e.c. |
Email Addresses
Web Pages
Employee Information
|
Year |
Number
of Employees |
|
2016 |
67 |
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2015 |
62 |
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2014 |
59 |
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2013 |
57 |
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2012 |
59 |
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Advisors |
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Auditor Name Ernst & Young Aktiebolag |
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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 |
46699 |
|
Activity
Description |
Wholesale of other machinery and equipment
n.e.c. |
Event History
|
Event
Date |
Event
Description |
|
29/08/2017 |
Interim report (PDF), new |
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29/05/2017 |
Annual account, new |
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22/05/2017 |
Annual report (PDF), new |
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09/12/2016 |
Address, changed |
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19/09/2016 |
Interim report (PDF), new |
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11/05/2016 |
Annual report (PDF), new |
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05/05/2016 |
Annual account, new |
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Event Date |
Event Description |
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05/05/2016 |
Limit, increase |
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04/09/2015 |
Interim report (PDF), new |
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15/08/2015 |
Authorised signatories amended or
new/amended vacancy text |
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15/08/2015 |
Company representatives, changed |
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19/05/2015 |
Company representatives, changed |
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19/05/2015 |
Limit, increase |
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19/05/2015 |
Authorised signatories amended or new/amended
vacancy text |
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19/05/2015 |
Annual account, new |
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12/05/2015 |
Annual report (PDF), new |
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23/05/2014 |
Annual account, new |
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23/05/2014 |
Limit, decrease |
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19/05/2014 |
Annual report (PDF), new |
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10/09/2013 |
Interim report (PDF), new |
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15/06/2013 |
Company representatives, changed |
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17/05/2013 |
Limit, decrease |
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16/05/2013 |
Annual account, new |
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15/05/2013 |
Company representatives, changed |
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15/05/2013 |
Authorised signatories amended or
new/amended vacancy text |
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09/05/2013 |
Annual report (PDF), new |
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Status History |
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No status history events for this company |
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financial
|
Profit and Loss |
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Financial
Year |
12/2016 |
12/2015 |
12/2014 |
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Number
of Weeks |
52 |
52 |
52 |
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Currency |
SEK |
SEK |
SEK |
|
Consolidated
Accounts |
No |
No |
No |
|
Revenue |
174,393,000 |
184,122,000 |
138,603,000 |
|
Operating
Costs |
169,023,000 |
158,999,000 |
130,520,000 |
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Operating
Profit |
5,370,000 |
25,123,000 |
8,083,000 |
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Financial
Income |
874,000 |
4,000 |
113,000 |
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Financial
Expenses |
60,000 |
341,000 |
149,000 |
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Extraordinary
Income |
- |
- |
- |
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Extraordinary
Costs |
- |
- |
- |
|
Profit
before Tax |
6,184,000 |
24,786,000 |
8,047,000 |
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Tax |
1,506,000 |
4,687,000 |
1,429,000 |
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Profit
after Tax |
4,678,000 |
20,099,000 |
6,618,000 |
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Minority
Interests |
- |
- |
- |
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Other
Appropriations |
-127,000 |
-4,200,000 |
-1,800,000 |
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Retained
Profit |
4,551,000 |
15,899,000 |
4,818,000 |
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Balance Sheet |
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Number
of Weeks |
52 |
52 |
52 |
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Currency |
SEK |
SEK |
SEK |
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Consolidated
Accounts |
No |
No |
No |
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|
Land
& Buildings |
- |
- |
- |
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Plant
& Machinery |
1,423,000 |
1,909,000 |
2,579,000 |
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Other
Tangible Assets |
844,000 |
830,000 |
565,000 |
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Total
Tangible Assets |
2,267,000 |
2,739,000 |
3,144,000 |
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Goodwill |
- |
- |
- |
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Other
Intangible Assets |
5,050,000 |
7,850,000 |
10,665,000 |
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Total
Intangible Assets |
5,050,000 |
7,850,000 |
10,665,000 |
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Loans
To Group |
- |
- |
- |
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Other
Loans |
- |
- |
- |
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Miscellaneous
Fixed Assets |
2,451,000 |
2,149,000 |
1,839,000 |
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Total
Other Fixed Assets |
2,451,000 |
2,149,000 |
1,839,000 |
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TOTAL
FIXED ASSETS |
9,768,000 |
12,738,000 |
15,648,000 |
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Work
In Progress |
- |
- |
- |
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Other
Inventories |
29,530,000 |
29,271,000 |
29,543,000 |
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Total
Inventories |
29,530,000 |
29,271,000 |
29,543,000 |
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Trade
Receivables |
35,060,000 |
32,473,000 |
24,913,000 |
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|
Group
Receivables |
- |
- |
- |
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Miscellaneous
Receivables |
7,260,000 |
11,543,000 |
5,071,000 |
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|
Total
Receivables |
42,320,000 |
44,016,000 |
29,984,000 |
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Cash |
14,119,000 |
15,090,000 |
734,000 |
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Other
Current Assets |
- |
- |
- |
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TOTAL
CURRENT ASSETS |
85,969,000 |
88,377,000 |
60,261,000 |
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TOTAL
ASSETS |
95,737,000 |
101,115,000 |
75,909,000 |
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Trade
Payables |
9,362,000 |
7,390,000 |
10,996,000 |
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Bank
Liabilities |
- |
- |
- |
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Group
Payables |
- |
- |
- |
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Miscellaneous
Liabilities |
30,324,000 |
35,432,000 |
19,672,000 |
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TOTAL
CURRENT LIABILITIES |
39,686,000 |
42,822,000 |
30,668,000 |
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Bank
Liabilities Due After 1 Year |
- |
- |
3,763,000 |
|
|
Other Loans Or
Finance Due After 1 Year |
- |
- |
- |
|
|
Group
Payables Due After 1 Year |
- |
- |
- |
|
|
Miscellaneous Liabilities Due After 1 Year |
17,911,000 |
17,502,000 |
12,985,000 |
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TOTAL
LONG TERM LIABILITIES |
17,911,000 |
17,502,000 |
16,748,000 |
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TOTAL
LIABILITIES |
57,597,000 |
60,324,000 |
47,416,000 |
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|
Called
Up Share Capital |
3,001,000 |
3,001,000 |
3,001,000 |
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|
Share
Premium |
- |
- |
- |
|
|
Revenue
Reserves |
35,139,000 |
37,790,000 |
25,492,000 |
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|
Other
Reserves |
- |
- |
- |
|
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TOTAL
SHAREHOLDERS EQUITY |
38,140,000 |
40,791,000 |
28,493,000 |
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|
Other Financials |
|
Contingent
Liabilities |
- |
- |
- |
|
Working
Capital |
46,283,000 |
45,555,000 |
29,593,000 |
|
Net
Worth |
33,090,000 |
32,941,000 |
17,828,000 |
Ratios
|
Financial
Year |
12/2016 |
12/2015 |
12/2014 |
|
Pre-Tax
Profit Margin (%) |
3.55 % |
13.46 % |
5.81 % |
|
Return
On Capital Employed (%) |
4.57 % |
17.22 % |
7.55 % |
|
Return
On Total Assets Employed (%) |
6.46 % |
24.51 % |
10.60 % |
|
Return
On Net Assets Employed (%) |
16.21 % |
60.76 % |
28.24 % |
|
Sales/Net
Working Capital |
3.77 |
4.04 |
4.68 |
|
Stock
Turnover Ratio (%) |
16.93 % |
15.90 % |
21.31 % |
|
Debtor
Days |
73.38 |
64.37 |
65.61 |
|
Creditor
Days |
19.59 |
14.65 |
28.96 |
|
Current
Ratio |
2.17 |
2.06 |
1.96 |
|
Liquidity
Ratio/Acid Test |
1.42 |
1.38 |
1.00 |
|
Current
Debt Ratio |
1.04 |
1.05 |
1.08 |
|
Gearing
(%) |
- |
- |
13.21 % |
|
Equity
In Percentage (%) |
43.22 % |
44.77 % |
44.94 % |
|
Total
Debt Ratio |
1.51 |
1.48 |
1.66 |
Additional Financials Items
|
Year
End Date |
2016 |
2015 |
2014 |
|
Audited Accounts |
Yes |
Yes |
Yes |
|
Auditor Comments |
- |
- |
- |
Share Capital Structure
|
Issued Share Capital 3,000,700 SEK |
Shareholders
|
No shareholders data for this company. |
Current Directors
|
Name |
Appointment
Date |
Position |
|
Curt Erik Göran Mitteregger |
14/05/2013 |
Chairman of Board |
|
Lennart Carl Erik Jansson |
01/11/2003 |
Actual Member of Board |
|
Anna Elisabet Sallander Björklund |
11/06/2012 |
Actual Member of Board |
|
Carl Johan Fredrik Trolle-Löwen |
16/08/2002 |
Actual Member of Board |
|
Ulf Birger Raine Dahlberg |
18/05/2015 |
Actual Member of Board |
Previous Directors
|
Name |
Appointment Date |
Position |
Resignation Date |
|
Lars Olof Höglund |
19/08/1997 |
Actual Member of Board |
18/05/2015 |
|
Robert Henrik Berndtsson Rehbinder |
16/06/2000 |
Actual Member of Board |
14/05/2013 |
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 Latest
Public Claim |
1 |
|
No Latest Public Claim for this company. Latest
Private Claim |
|
|
No Latest Private Claim for this company. |
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FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 64.96 |
|
|
1 |
INR 90.34 |
|
Euro |
1 |
INR 80.75 |
|
SEK |
1 |
INR 7.88 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
NIS |
|
|
|
|
Report Prepared
by : |
POJ |
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.