|
|
|
MIRA
INFORM REPORT
|
Report No. : |
509264 |
|
Report Date : |
14.05.2018 |
IDENTIFICATION DETAILS
|
Name : |
SKF INTERNATIONAL AKTIEBOLAG |
|
|
|
|
Registered Office : |
415 50 Göteborg, Västra Götaland |
|
|
|
|
Country : |
Sweden |
|
|
|
|
Financials (as on) : |
December 2016 |
|
|
|
|
Date of Incorporation : |
17.01.1938 |
|
|
|
|
Com. Reg. No.: |
5560368671 |
|
|
|
|
Legal Form : |
Limited liability company |
|
|
|
|
Line of Business : |
Other credit granting |
|
|
|
|
No. of Employees : |
18 (2016) |
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 |
|
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.
ECGC Country Risk Classification List
|
Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
|
Sweden |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
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 |
SKF International Aktiebolag |
|
Country |
SWEDEN |
|
Company Registration Number |
5560368671 |
|
Activity Code |
64920 |
|
Activity Description |
Other credit granting |
|
Company Status |
Active (Active) |
|
Latest Turnover Figure |
7,328,763,000 SEK |
|
Latest Shareholder Equity Figure |
2,441,467,000 SEK |
Basic Information
|
Business Name |
SKF International Aktiebolag |
|
Registered Company Name |
SKF International Aktiebolag |
|
Company Registration Number |
5560368671 |
|
Country |
SWEDEN |
|
VAT Registration Number |
SE556036867101 |
|
Date of Company Registration |
17/01/1938 |
|
Legal Form |
Limited liability company |
|
Company Status |
Active (Active) |
|
Currency of this Report |
SEK |
|
Principal Activity Code |
No code |
|
Principal Activity Description |
- |
|
Contact Address |
415 50 GÖTEBORG, VÄSTRA GÖTALAND |
|
Contact Telephone Number |
- |
Main Address
|
Address |
415 50 GÖTEBORG, VÄSTRA GÖTALAND |
|
Country |
SWEDEN |
|
Telephone |
- |
Activities
|
Activity Code |
Activity Description |
|
64920 |
Other credit granting |
Email Addresses
No email addresses for this company
Web Pages
www.skf.se
Employee Information
|
Year |
Number of Employees |
|
2016 |
18 |
|
2015 |
18 |
|
2014 |
18 |
|
2013 |
18 |
|
2012 |
19 |
Advisors
|
Auditor Name |
PricewaterhouseCoopers AB |
|
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 |
64920 |
|
Activity Description |
Other credit granting |
Event History
|
Event Date |
Event Description |
|
05/12/2017 |
Group Structure Change |
|
29/09/2017 |
Group Structure Change |
|
14/09/2017 |
Group Structure Change |
|
16/08/2017 |
Group Structure Change |
|
10/08/2017 |
Group Structure Change |
|
07/08/2017 |
Group Structure Change |
|
17/07/2017 |
Group Structure Change |
|
10/07/2017 |
Group annual accout, new |
|
10/07/2017 |
Annual account, new |
|
03/07/2017 |
Annual report (PDF), new |
|
21/04/2017 |
Group Structure Change |
|
31/12/2016 |
Authorised signatories amended or new/amended vacancy text |
|
31/12/2016 |
Company representatives, changed |
|
02/11/2016 |
Group Structure Change |
|
03/08/2016 |
Group Structure Change |
|
22/07/2016 |
Group Structure Change |
|
14/07/2016 |
Group Structure Change |
|
04/07/2016 |
Group Structure Change |
|
28/06/2016 |
Group Structure Change |
|
24/06/2016 |
Annual account, new |
|
24/06/2016 |
Group annual accout, new |
|
20/06/2016 |
Annual report (PDF), new |
|
10/06/2016 |
Company representatives, changed |
|
10/06/2016 |
Authorised signatories amended or new/amended vacancy text |
|
24/05/2016 |
Group Structure Change |
|
03/05/2016 |
Company representatives, changed |
|
03/05/2016 |
Authorised signatories amended or new/amended vacancy text |
|
29/04/2016 |
Group Structure Change |
|
23/10/2015 |
Group Structure Change |
|
30/09/2015 |
Group Structure Change |
|
21/09/2015 |
Group Structure Change |
|
12/09/2015 |
Authorised signatories amended or new/amended vacancy text |
|
12/09/2015 |
Company representatives, changed |
|
31/08/2015 |
Group Structure Change |
|
21/08/2015 |
Group Structure Change |
|
17/08/2015 |
Group Structure Change |
|
07/07/2015 |
Group Structure Change |
|
29/06/2015 |
Group annual accout, new |
|
29/06/2015 |
Annual account, new |
|
19/06/2015 |
Annual report (PDF), new |
|
19/05/2015 |
Group Structure Change |
|
15/05/2015 |
Group Structure Change |
|
30/04/2015 |
Group Structure Change |
|
14/04/2015 |
Group Structure Change |
|
16/09/2014 |
Group Structure Change |
|
01/09/2014 |
Group Structure Change |
|
29/08/2014 |
Group Structure Change |
|
27/08/2014 |
Group Structure Change |
|
15/07/2014 |
Group Structure Change |
|
27/06/2014 |
Group Structure Change |
|
19/06/2014 |
Group annual accout, new |
|
19/06/2014 |
Annual account, new |
|
13/06/2014 |
Annual report (PDF), new |
|
21/05/2014 |
Group Structure Change |
|
03/04/2014 |
Group Structure Change |
|
10/09/2013 |
Group Structure Change |
|
05/09/2013 |
Group Structure Change |
|
20/08/2013 |
Group Structure Change |
|
19/08/2013 |
Group Structure Change |
|
06/08/2013 |
Group Structure Change |
|
05/08/2013 |
Group Structure Change |
|
23/07/2013 |
Group annual accout, new |
|
23/07/2013 |
Annual account, new |
|
11/07/2013 |
Company representatives, changed |
|
11/07/2013 |
Authorised signatories amended or new/amended vacancy text |
|
11/07/2013 |
Company business activity, changed |
|
04/07/2013 |
Annual report (PDF), new |
Status History
|
No status history events for this company |
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 |
7,529,464,000 |
7,596,635,000 |
7,352,689,000 |
|
Operating Costs |
7,462,203,000 |
7,412,935,000 |
6,960,232,000 |
|
Operating Profit |
67,261,000 |
183,700,000 |
392,457,000 |
|
Financial Income |
2,987,912,000 |
1,535,155,000 |
1,570,479,000 |
|
Financial Expenses |
2,514,586,000 |
1,104,800,000 |
3,568,366,000 |
|
Extraordinary Income |
- |
- |
- |
|
Extraordinary Costs |
- |
- |
- |
|
Profit before Tax |
540,587,000 |
614,055,000 |
-1,605,430,000 |
|
Tax |
8,034,000 |
13,147,000 |
8,017,000 |
|
Profit after Tax |
532,553,000 |
600,908,000 |
-1,613,447,000 |
|
Minority Interests |
- |
- |
- |
|
Other Appropriations |
-497,000,000 |
-625,000,000 |
1,615,000,000 |
|
Retained Profit |
35,553,000 |
-24,092,000 |
1,553,000 |
|
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 |
- |
- |
- |
|
Plant & Machinery |
- |
- |
- |
|
Other Tangible Assets |
- |
- |
- |
|
Total Tangible Assets |
- |
- |
- |
|
Goodwill |
- |
- |
- |
|
Other Intangible Assets |
- |
- |
- |
|
Total Intangible Assets |
- |
- |
- |
|
Loans To Group |
- |
501,408,000 |
586,627,000 |
|
Other Loans |
- |
- |
- |
|
Miscellaneous Fixed Assets |
5,204,348,000 |
5,173,344,000 |
5,010,625,000 |
|
Total Other Fixed Assets |
5,204,348,000 |
5,674,752,000 |
5,597,252,000 |
|
TOTAL FIXED ASSETS |
5,204,348,000 |
5,674,752,000 |
5,597,252,000 |
|
Work In Progress |
- |
- |
- |
|
Other Inventories |
947,256,000 |
878,630,000 |
821,035,000 |
|
Total Inventories |
947,256,000 |
878,630,000 |
821,035,000 |
|
Trade Receivables |
397,000 |
211,000 |
539,000 |
|
Group Receivables |
19,099,399,000 |
25,171,217,000 |
27,298,217,000 |
|
Miscellaneous Receivables |
139,897,000 |
149,665,000 |
258,974,000 |
|
Total Receivables |
19,239,693,000 |
25,321,093,000 |
27,557,730,000 |
|
Cash |
2,129,890,000 |
2,377,528,000 |
2,955,657,000 |
|
Other Current Assets |
4,700,964,000 |
2,500,506,000 |
819,898,000 |
|
TOTAL CURRENT ASSETS |
27,017,803,000 |
31,077,757,000 |
32,154,320,000 |
|
TOTAL ASSETS |
32,222,151,000 |
36,752,509,000 |
37,751,572,000 |
|
Trade Payables |
37,626,000 |
42,535,000 |
45,720,000 |
|
Bank Liabilities |
- |
- |
- |
|
Group Payables |
7,484,633,000 |
11,658,048,000 |
11,796,250,000 |
|
Miscellaneous Liabilities |
366,383,000 |
421,950,000 |
907,951,000 |
|
TOTAL CURRENT LIABILITIES |
7,888,642,000 |
12,122,533,000 |
12,749,921,000 |
|
Bank Liabilities Due After 1 Year |
- |
- |
- |
|
Other Loans Or Finance Due After 1 Year |
- |
- |
- |
|
Group Payables Due After 1 Year |
18,993,664,000 |
20,046,681,000 |
21,852,876,000 |
|
Miscellaneous Liabilities Due After 1 Year |
2,898,378,000 |
2,177,381,000 |
718,769,000 |
|
TOTAL LONG TERM LIABILITIES |
21,892,042,000 |
22,224,062,000 |
22,571,645,000 |
|
TOTAL LIABILITIES |
29,780,684,000 |
34,346,595,000 |
35,321,566,000 |
|
Called Up Share Capital |
20,000,000 |
20,000,000 |
20,000,000 |
|
Share Premium |
- |
- |
- |
|
Revenue Reserves |
2,417,467,000 |
2,381,914,000 |
2,406,006,000 |
|
Other Reserves |
4,000,000 |
4,000,000 |
4,000,000 |
|
TOTAL SHAREHOLDERS EQUITY |
2,441,467,000 |
2,405,914,000 |
2,430,006,000 |
Other Financials
|
Financial Year |
12/2016 |
12/2015 |
12/2014 |
|
Contingent Liabilities |
476,000 |
432,000 |
382,000 |
|
Working Capital |
19,129,161,000 |
18,955,224,000 |
19,404,399,000 |
|
Net Worth |
2,441,467,000 |
2,405,914,000 |
2,430,006,000 |
Ratios
|
Financial Year |
12/2016 |
12/2015 |
12/2014 |
|
Pre-Tax Profit Margin (%) |
7.18 % |
8.08 % |
-21.83
% |
|
Return On Capital Employed (%) |
1.35 % |
1.26 % |
-3.18 % |
|
Return On Total Assets Employed (%) |
1.68 % |
1.67 % |
-4.25 % |
|
Return On Net Assets Employed (%) |
22.14 % |
25.52 % |
-66.07
% |
|
Sales/Net Working Capital |
0.39 |
0.40 |
0.38 |
|
Stock Turnover Ratio (%) |
12.58 % |
11.57 % |
11.17 % |
|
Debtor Days |
0.02 |
0.01 |
0.03 |
|
Creditor Days |
1.82 |
2.04 |
2.27 |
|
Current Ratio |
3.42 |
2.56 |
2.52 |
|
Liquidity Ratio/Acid Test |
3.30 |
2.49 |
2.46 |
|
Current Debt Ratio |
3.23 |
5.04 |
5.25 |
|
Gearing (%) |
895.58
% |
922.68
% |
928.09
% |
|
Equity In Percentage (%) |
9.04 % |
7.74 % |
7.56 % |
|
Total Debt Ratio |
12.20 |
14.28 |
14.54 |
Additional Financials Items
|
Year End Date |
2016 |
2015 |
2014 |
|
Audited Accounts |
Yes |
Yes |
Yes |
|
Auditor Comments |
- |
- |
- |
Share Capital Structure
|
Issued Share Capital |
20,000,000 SEK |
Shareholders
|
No shareholders data for this company. |
Current Directors
|
Name |
Appointment Date |
Position |
|
Per Christian Johansson |
11/09/2015 |
Actual Member of Board |
|
Bengt Niclas Erlandson |
02/05/2016 |
Actual Member of Board |
|
Carl Fredrik Orstadius |
13/06/2011 |
Actual Member of Board |
|
Klas Olof Iloson |
09/06/2016 |
Actual Member of Board |
Previous Directors
|
Name |
Appointment Date |
Position |
Resignation Date |
|
Lars Michael Möller |
22/10/1996 |
Actual Member of Board |
09/06/2016 |
|
Per Olof Thorén |
17/01/1938 |
Actual Member of Board |
02/05/2016 |
|
Nils Gunnar Henrik Lange |
10/07/2013 |
Actual Member of Board |
11/09/2015 |
|
Tore Bertil Bertilsson |
16/11/1999 |
Chairman of Board |
10/07/2013 |
Group Structure
|
|
Company Name |
Number |
Status |
Latest Annual Accounts |
|
0 |
Aktiebolaget SKF |
5560073495 |
31/12/2016 |
|
|
1 |
SKF Förvaltning AB |
5563504140 |
31/12/2016 |
|
|
2 |
Ooo Skf Tver |
|
- |
|
|
1 |
SKF International Aktiebolag |
5560368671 |
31/12/2016 |
|
|
2 |
SKF Sverige Aktiebolag |
5562408301 |
31/12/2016 |
|
|
3 |
PMC Lubrication Aktiebolag |
5561930685 |
31/12/2016 |
|
|
3 |
Kommanditbolaget Gamlestaden 1:10 |
9696671420 |
- |
|
|
3 |
SKF Mekan Aktiebolag |
5562100155 |
31/12/2016 |
|
|
1 |
SKF Verwaltungs AG in Liquidation |
CHE102543039 |
- |
|
|
1 |
Peer Rodamientos De Mexico S.A De Cv |
|
- |
|
|
1 |
Skf Österreich Ag |
|
- |
|
|
1 |
Skf Logistics Services Belgium Nv |
416051608 |
31/12/2016 |
|
|
1 |
Skf Logistics Services Belgium Nv/Sa |
|
- |
|
|
1 |
Skf Do Brasil Ltda. |
|
- |
|
|
1 |
Skf Bearings Bulgaria Ead |
|
- |
|
|
1 |
Skf Canada Ltd |
|
- |
|
|
1 |
Skf (China) Co. Ltd |
|
- |
|
|
1 |
Skf Cz A.S. |
|
- |
|
|
1 |
Skf Danmark A/S |
|
|
- |
|
1 |
Oy Skf Ab |
|
|
- |
|
1 |
Skf Maintenance Service Gmbh |
|
|
- |
|
1 |
Skf Technologies (India) Private Ltd |
|
|
- |
|
1 |
Pt. Skf Indonesia |
|
|
- |
|
1 |
Skf Industria S.P.A. |
|
|
- |
|
1 |
Skf Japan Ltd |
|
|
- |
|
1 |
Skf De Mexico S.A. De C.V |
|
|
- |
|
1 |
Peer Rodamientos De Mexico S.A. De Cv |
|
|
- |
|
1 |
Skf New Zealand Ltd |
|
|
- |
|
1 |
Skf Polska S.A. |
|
|
- |
|
1 |
Skf Portugal-Rolamentos Lda. |
|
|
- |
|
1 |
Skf Korea Ltd |
|
|
- |
|
1 |
Skf Sealing Solutions Korea Co. Ltd. |
|
|
- |
|
1 |
Skf Treasury Centre Asia & Pacific Pte. Ltd |
|
|
- |
|
1 |
Skf Española S.A. |
|
|
- |
|
1 |
ÅTERFÖRSÄKRINGSAB SKF |
5164017658 |
|
- |
|
1 |
BAGAREGÅRDEN 16:7 KOMMANDITBOLAG |
|
|
- |
|
1 |
SKF Eurotrade Aktiebolag |
5562067610 |
|
31/12/2016 |
|
2 |
Skf Pakistan Pvt Ltd |
|
|
- |
|
2 |
Skf Bosnia And Herzegovina D.O.O. |
|
|
- |
|
2 |
Skf Bulgaria Ltd |
|
|
- |
|
2 |
Skf Croatia D.O.O. |
|
|
- |
|
2 |
Skf Egypt Llc |
|
|
- |
|
2 |
Skf Israel Ltd |
|
|
- |
|
2 |
Skf Latvia Sia |
|
|
- |
|
2 |
Skf Romania |
|
|
- |
|
2 |
Skf Saudi Arabian Ltd |
|
|
- |
|
2 |
Skf Slovenia D.O.O. |
|
|
- |
|
2 |
Skf Slovenko |
|
|
- |
|
2 |
Skf Ventures S.P.C |
|
|
- |
|
2 |
Skf Zao |
|
|
- |
|
2 |
Uab Skf Lietuva |
|
|
- |
|
1 |
Skf Usa Inc. |
US43266577 |
|
- |
|
1 |
Skf Logistics Uruguay S.A. |
|
|
- |
|
1 |
Jsc Skf Ukraine |
|
|
- |
|
1 |
Skf (Thailand) Ltd. |
|
|
- |
|
1 |
Skf Taiwan Co. Ltd. |
|
|
- |
|
1 |
Skf Actuation System (Liestai) Ag |
|
|
- |
|
1 |
Skf Holding France S.A.R.L. |
|
|
- |
|
1 |
Skf Gmbh |
|
|
- |
|
1 |
Skf Malaysia Sdn Bhd |
|
|
- |
|
1 |
Barseco (Pty) Ltd |
|
|
- |
|
1 |
Skf B.V. |
18069686 |
|
31/12/2017 |
|
1 |
Trelanoak Limited |
02535718 |
|
31/12/2016 |
|
1 |
SKF Motion Technologies AB |
5590535356 |
|
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 |
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
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 67.22 |
|
|
1 |
INR 90.88 |
|
Euro |
1 |
INR 80.09 |
|
SEK |
1 |
INR 7.86 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
VIV |
|
|
|
|
Report Prepared
by : |
TRU |
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.