MIRA INFORM REPORT
|
Report Date : |
2nd May 2006 |
IDENTIFICATION DETAILS
|
Name : |
ELLOS
AB |
|
|
|
|
Registered Office : |
Borås municipality
in Västra Götalands county |
|
|
|
|
Date of Incorporation : |
1944-07 |
|
|
|
|
Legal Form : |
Limited
company, private |
|
|
|
|
Line of Business : |
|
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
RATING
|
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is
considered normal. Capable to meet normal commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
Summary
|
Ellos AB |
Company no |
556044-0264 |
|
501 86 Borås |
Telephone |
+46-33-16 00 00 |
|
Visiting address Ödegärdsgatan 6 |
|
|
|
|
||
|
|
|||||||||||||||||||||||||||||||||||||||||
Group of companies
Part of Redcats Nordic AB-group
Note: Change of auditor occurred
050815.
Most recent events
|
Unpriv. bankr claims |
2005-12 |
|
|
|
|
New Reg. Board member |
2005-11 |
|
|
|
|
Board memb. resigned |
2005-11 |
|
|
|
|
Unpriv. bankr claims |
2005-11 |
|
|
|
Credit opinion
Risk forecast: < 0,25 %
The forecast states the probability that the company
will become insolvent within 12 months.
Industry Risk Forecast: 1,4 %
Median value for limited company in industry 52611,
such as Non-specialized retail sale via mail order houses.
Other information may of course affect your
assessment of the risk
Credit limit: 10.000 TSEK
Applies to short-term credit facilities. The limit
has been set using a formula that takes into consideration the annual accounts
included in this credit report and the current credit rating. Other information
may of course influence the size of the credit you may grant.
General information and history
|
Legal form |
Limited company, private |
|
|
|
|
Vat-number |
SE 556044026401 |
|
|
|
|
Registered office |
Borås municipality in Västra Götalands county |
|
|
|
|
Number of locations |
5 |
|
|
|
|
Main establishment |
|
|
Name |
Hk |
|
|
|
|
Visiting address |
Ödegärdsgatan 6, 504 94 Borås |
For a full list of establishments, please refer to
appendix
|
Description of business activities |
|
|
Non-specialized retail sale via mail order houses. |
|
|
(Main business according to Statistics Sweden,
SNI2002: 52611) |
|
|
|
|
|
Retail sale of men's, women's and children's clothing, mixed |
|
|
(Subsidiary business according to Statistics Sweden,
SNI2002: 52421) |
|
|
|
|
|
History |
|
|
|
|
|
1944-07 |
Comp reg under the current reg no and name: AB Trikåkompaniet |
|
|
|
|
1962-06 |
Changed name to: Ellos Postorder AB |
|
|
|
|
1977-03 |
Company reg under the current name |
|
|
|
|
1993-04 |
Company registered to pay business tax |
|
|
|
|
--- |
Company was registered to pay VAT |
|
|
|
|
--- |
Company was registered to pay employer contributions |
|
|
|
|
1999-03 |
Operations taken over from Redcats Treasury AB (556311-5301) |
|
|
|
|
1999-05 |
Articles of Association adopted |
|
|
|
|
2001-12 |
Taken over Trucken Distribution AB through merger |
|
|
|
|
2001-12 |
Taken over Trucken Distribution Bt AB through merger |
|
|
|
|
2004-02 |
Francoise Suzanne Marcelle D`v` new Managing Director |
|
|
|
Matters pending with Registration Office
No notes of imminent changes
Non categorized information
Customs have granted the company to bring home
goods/credit permit
Link to homepage
Note: Note that the company took
over Trucken Distribution Bt AB through merger in 01-12.
Board of directors etc
Board members according to Reg Office
Board members etc reg prior to 1991-04 unless
otherwise stated.
|
Francoise Suzanne Marcelle D`v`, Birth:1954 |
MD and Regular member |
Reg. in company 2004-02-27 |
|
|
||
|
Leif Johansson, Birth:1958 |
Regular member |
Reg. in company 1997-12-18 |
|
|
||
|
Philippe G`rard Fourni`, Birth:1967 |
Regular member |
Reg. in company 2005-11-03 |
|
|
||
|
Niklas Thunström, Birth:1968 |
Regular member |
Reg. in company 2003-04-01 |
|
|
||
|
Anders Ivdal |
Authorized public Accountant |
Reg. in company 2005-08-15 |
|
|
||
|
Johan Kratz |
Deputy auditor |
Reg. in company 2006-04-27 |
|
|
||
|
Board members etc that have left the company during the last two
years |
|
Georg Henrik Mikael Koskela, Birth:1960 |
Regular member |
Reg. in company 2002-03-27 |
|
|
|
Deregistered 2005-11-03 |
|
|
||
|
Authorized signatory (available in Swedish only) |
|
Firman tecknas av styrelsen |
|
firman tecknas två i förening av |
|
-Ledamöterna |
|
Dessutom har verkställande direktören rätt
att teckna firman |
|
beträffande löpande förvaltningsåtgärder |
|
|
Note: Change of auditor occurred
050815.
Group relationship etc
|
Ultimate parent company |
As of |
Comments |
|
Redcats Nordic AB, 556217-1925 |
2004-12 |
Cr. rating 5 |
|
|
||
|
Shareholder in ultimate parent company |
Ownership |
As of |
Comments |
|
Redoute Ch SA, Switzerland |
100 % |
2005-06 |
|
|
|
|||
|
Parent company etc |
Proprietary int |
As of |
Comments |
|
Ellos Gruppen AB, 556519-2464 |
100 % |
2004-12 |
Cr. rating A |
|
|
Deregistered 2005-07 |
||
|
|
|||
For a complete specification of subsidiaries etc,
see enclosure
Note: Parent company has been
deregistered.
Annual accounts and ratios
|
Annual accounts |
|
||||
|
Inc. statement in TSEK |
0401-0412 |
0301-0312 |
0201-0212 |
0101-0112 |
0001-0012 |
|
Net sales |
+1.246.235 |
+1.290.136 |
+1.245.489 |
+1.215.350 |
+1.129.803 |
|
Profit/loss after financial items |
+34.376 |
+74.622 |
+7.428 |
+67.766 |
+62.038 |
|
Balance sheet in TSEK |
0401-0412 |
0301-0312 |
0201-0212 |
0101-0112 |
0001-0012 |
|
Total fixed assets |
383.054 |
166.165 |
193.638 |
761.191 |
748.029 |
|
Total current assets |
994.490 |
973.241 |
837.214 |
981.864 |
907.911 |
|
Total equity |
485.065 |
449.913 |
402.179 |
403.899 |
386.198 |
|
Total long-term liabilities |
120 |
120 |
65.444 |
658.849 |
683.206 |
|
Total current liabilities |
692.100 |
495.888 |
395.282 |
500.728 |
420.014 |
|
Total equity and liabilities |
1.377.544 |
1.139.406 |
1.030.852 |
1.743.055 |
1.655.940 |
|
Notes etc |
0401-0412 |
0301-0312 |
0201-0212 |
0101-0112 |
0001-0012 |
|
Employees |
1.047 |
981 |
886 |
885 |
898 |
|
Audit report |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
Ratios |
||||||
|
Ratios 1) |
|
0401-0412 |
0301-0312 |
0201-0212 |
0101-0112 |
0001-0012 |
|
Equity/assets % |
37,8 1) |
39,0 |
44,2 |
43,0 |
26,3 |
26,4 |
|
Consolidation Ratio % |
39,2 1) |
40,7 |
46,2 |
44,6 |
27,7 |
27,8 |
|
Quick ratio % |
106,8 1) |
83,3 |
93,3 |
87,0 |
97,7 |
119,7 |
|
Return on total assets % |
8,0 1) |
3,3 |
7,3 |
3,0 |
6,0 |
5,8 |
|
Cash Flow/Total liabilities % |
10,9 1) |
6,8 |
13,2 |
4,2 |
6,1 |
5,5 |
|
Risk margin % |
5,2 1) |
2,0 |
5,9 |
-1,0 |
3,1 |
3,0 |
1) Values for the industry in 2004 =
Median for companies with at least 20 employees in
industry 52600 i.e. Retail sale not in stores
Analysis of the annual accounts (three years)
Profitability
Return on assets is very low and profitability
decreasing.
Note: the forecast for the
company's insolvency is very low.
Note: The company is not obliged to
prepare consolidated accounts since it is a parent company that is included in
another company's consolidated accounts.
For the complete annual accounts and all ratios, see
enclosure
Other financial information
|
Share capital |
|
|
|
Total |
146.450 TSEK |
|
The most recently registered changes in the share
capital
|
1995-01 |
5.850 TSEK |
|
New issue |
|
|
|
||||
|
1987-08 |
70.300 TSEK |
|
Bonus issue |
|
|
|
||||
|
1987-07 |
2.500 TSEK |
|
New issue |
|
|
|
||||
|
1985-06 |
25.000 TSEK |
|
New issue |
|
|
|
||||
|
1985-05 |
16.050 TSEK |
|
Bonus issue |
|
|
|
||||
Chattel mortgages
|
Total |
517.000,0 TSEK |
|
The most recently issued mortgages
|
2000-12 |
167.000,0 TSEK |
|
|
|
||
|
1996-06 |
230.000,0 TSEK |
|
|
|
||
|
1989-07 |
5.000,0 TSEK |
|
|
|
||
|
1989-07 |
20.000,0 TSEK |
|
|
|
||
|
1989-07 |
35.000,0 TSEK |
|
|
|
||
|
|
||
Unprivileged claims in clients´ bankruptcies
In the last 2 yr. there have been 26 claims reg of
tot. 421,6 TSEK
Konkursfordringar registrerade per 6-månadersperiod
|
Period |
Amount |
Number |
|
|
0512- 0605 |
5,4 TSEK |
1 |
pcs |
|
|
|||
|
0506- 0511 |
56,5 TSEK |
5 |
pcs |
|
|
|||
|
0412- 0505 |
135,4 TSEK |
5 |
pcs |
|
|
|||
|
0406- 0411 |
224,3 TSEK |
15 |
pcs |
|
|
|||
|
|
|||
The most recent claims in bankruptcy against clients
|
Date |
Amount |
Debtor |
|
|
2005-12 |
5,4 TSEK |
B.T. Jp Consult AB |
|
|
|
|||
|
2005-11 |
5,7 TSEK |
'Andreas' Drosakis |
|
|
|
|||
|
2005-10 |
26,8 TSEK |
Jane Gunilla Eriksson |
|
|
|
|||
|
2005-08 |
6,9 TSEK |
'John' Yawe Kayira |
|
|
|
|||
|
2005-08 |
9,6 TSEK |
'Gerd' Stadelmann |
|
|
|
|||
|
|
|||
Properties
Owns 100 % of 3 property, ass. at 131.106 TSEK
|
|
|||
|
Designation |
Vindtyget 1 |
Owns |
100 % |
|
|
|||
|
Municipality |
Borås |
Acquisition date |
1978-05-03 |
|
|
|||
|
Property type |
426, Industrial unit, other manufacturing industry |
Assessed value in 2005 |
127.981 TSEK |
|
|
|||
|
Area |
16 ha |
Jointly assessed |
No |
|
|
|||
|
Type of acquisition |
Purchase |
Purchase price |
Unknown |
|
|
|||
|
|
|||
|
Designation |
Öjersjö 1:49 |
Owns |
100 % |
|
|
|||
|
Municipality |
Partille |
Acquisition date |
2000-07-07 |
|
|
|||
|
Property type |
220, Small dwelling house, year-round housing for 1-2
families |
Assessed value in 2005 |
2.088 TSEK |
|
|
|||
|
Area |
1.524 sq m |
Jointly assessed |
No |
|
|
|||
|
Type of acquisition |
Purchase |
Purchase price |
3.125 TSEK |
|
|
|||
For complete list of properties, see enclosure
Payment complaints, etc
No complaints have been registered.
No data on balance of debt with the Enforcement
Service as at 2006-04-28
Most recent inquiries
During the last 12 months there have been 33
inquiries reg.
Up to 10 most recently registered inquiries
|
Date |
Amount SEK |
|
Inquirer Inquirer name not
mandatory |
|
|
2006-04-26 |
|
|
|
|
|
|
||||
|
2006-03-30 |
11.130.000 |
|
|
|
|
|
||||
|
2006-03-21 |
|
|
|
|
|
|
||||
|
2006-03-04 |
6.210.000 |
|
|
|
|
|
||||
|
2006-02-08 |
|
|
|
|
|
|
||||
|
2006-02-02 |
|
|
|
|
|
|
||||
|
2006-01-26 |
5.910.000 |
|
|
|
|
|
||||
|
2006-01-25 |
|
|
|
|
|
|
||||
|
2006-01-24 |
|
|
|
|
|
|
||||
|
2006-01-09 |
|
|
|
|
|
|
||||
|
Annual accounts |
||||||
|
Inc.
statement in TSEK |
0401-0412 |
0301-0312 |
0201-0212 |
0101-0112 |
0001-0012 |
|
|
Net
sales |
+1.246.235 |
+1.290.136 |
+1.245.489 |
+1.215.350 |
+1.129.803 |
|
|
Other
operating income |
+527.232 |
+475.862 |
+414.644 |
+467.105 |
+477.047 |
|
|
Goods
for resale |
-715.853 |
-713.966 |
-744.883 |
-664.992 |
-653.973 |
|
|
Other
external costs |
-594.771 |
-539.846 |
-503.402 |
-540.455 |
-500.692 |
|
|
Personnel
costs |
-430.259 |
-420.588 |
-386.200 |
-374.649 |
-396.697 |
|
|
Depreciation |
-23.951 |
-20.921 |
-16.983 |
-16.486 |
-18.071 |
|
|
Items
affecting comparability |
0 |
0 |
0 |
-18.453 |
+21.896 |
|
|
Operating
profit/loss |
+8.633 |
+70.677 |
+8.665 |
+67.420 |
+59.313 |
|
|
|
||||||
|
Result
from participations in group and associated companies |
+30.000 |
0 |
-26 |
0 |
+857 |
|
|
Interest
income group companies |
+5.590 |
+6.877 |
+1.362 |
+35.829 |
+35.467 |
|
|
External
interest income |
+872 |
+5.834 |
+21.234 |
+600 |
+794 |
|
|
Total
financial income |
+36.462 |
+12.711 |
+22.570 |
+36.429 |
+37.118 |
|
|
Interest
expense to group companies |
-2.379 |
-98 |
-1.360 |
-2.370 |
-2.138 |
|
|
External
interest expenses |
-8.054 |
-8.324 |
-21.820 |
-32.303 |
-30.808 |
|
|
Other
financial expenses |
-286 |
-344 |
-627 |
-1.410 |
-1.447 |
|
|
Total
financial expenses |
-10.719 |
-8.766 |
-23.807 |
-36.083 |
-34.393 |
|
|
Profit/loss
after financial items |
+34.376 |
+74.622 |
+7.428 |
+67.766 |
+62.038 |
|
|
|
||||||
|
Profit/loss
before appropriations |
+34.376 |
+74.622 |
+7.428 |
+67.766 |
+62.038 |
|
|
Appropriations |
+1.802 |
-18.803 |
+20.729 |
-5.439 |
-10.312 |
|
|
Group
contribution |
0 |
0 |
-29.460 |
-37.204 |
-814 |
|
|
Profit/loss
before tax |
+36.178 |
+55.819 |
-1.303 |
+25.123 |
+50.912 |
|
|
Tax |
-3.043 |
-14.907 |
-417 |
-7.422 |
-14.327 |
|
|
Net
profit/loss for the year |
+33.135 |
+40.912 |
-1.720 |
+17.701 |
+36.585 |
|
|
Balance
sheet in TSEK |
0401-0412 |
0301-0312 |
0201-0212 |
0101-0112 |
0001-0012 |
|
|
Capitalised
expenditure for R and D projects |
18.046 |
21.776 |
0 |
0 |
0 |
|
|
Other
intangible assets |
15.297 |
3.809 |
15.679 |
8.320 |
0 |
|
|
Total
intangible assets |
33.343 |
25.585 |
15.679 |
8.320 |
0 |
|
|
Land
and buildings |
108.156 |
115.293 |
122.429 |
129.566 |
136.537 |
|
|
Machinery |
20.491 |
24.782 |
21.904 |
20.488 |
24.611 |
|
|
Total
machinery and equipment |
20.491 |
24.782 |
21.904 |
20.488 |
24.611 |
|
|
Other
tangible assets |
0 |
476 |
2.167 |
2.539 |
0 |
|
|
Total
tangible assets |
128.647 |
140.551 |
146.500 |
152.593 |
161.148 |
|
|
Participations
in group and associated companies |
221.064 |
29 |
29 |
1.359 |
1.407 |
|
|
Receivables
from group and associated companies |
0 |
0 |
31.430 |
598.919 |
585.474 |
|
|
Total
financial assets |
221.064 |
29 |
31.459 |
600.278 |
586.881 |
|
|
Total
fixed assets |
383.054 |
166.165 |
193.638 |
761.191 |
748.029 |
|
|
|
||||||
|
Other
inventories |
417.968 |
510.482 |
493.282 |
492.589 |
405.320 |
|
|
Total
inventories |
417.968 |
510.482 |
493.282 |
492.589 |
405.320 |
|
|
Accounts
receivable |
28.230 |
25.204 |
27.882 |
22.210 |
16.215 |
|
|
Receivables
from group and associated companies |
387.273 |
354.114 |
232.011 |
380.061 |
402.982 |
|
|
Other
current receivables |
84.459 |
54.331 |
61.774 |
70.696 |
70.835 |
|
|
Total
current receivables |
499.962 |
433.649 |
321.667 |
472.967 |
490.032 |
|
|
Total
cash and bank balances |
76.560 |
29.110 |
22.265 |
16.308 |
12.559 |
|
|
Total
current assets |
994.490 |
973.241 |
837.214 |
981.864 |
907.911 |
|
|
|
||||||
|
Total
assets |
1.377.544 |
1.139.406 |
1.030.852 |
1.743.055 |
1.655.940 |
|
|
Balance
sheet in TSEK |
0401-0412 |
0301-0312 |
0201-0212 |
0101-0112 |
0001-0012 |
|
|
Share
capital |
146.450 |
146.450 |
146.450 |
146.450 |
146.450 |
|
|
Other
restricted equity |
67.710 |
67.710 |
67.710 |
67.710 |
67.710 |
|
|
Group
contribution |
2.801 |
6.821 |
0 |
0 |
0 |
|
|
Profit/loss
brought forward |
234.969 |
188.020 |
189.739 |
172.038 |
135.453 |
|
|
Net
profit/loss for the year |
33.135 |
40.912 |
-1.720 |
17.701 |
36.585 |
|
|
Total
equity |
485.065 |
449.913 |
402.179 |
403.899 |
386.198 |
|
|
|
||||||
|
Total
untaxed reserves |
75.188 |
76.990 |
58.187 |
78.916 |
73.477 |
|
|
Total
provisions |
125.071 |
116.495 |
109.760 |
100.663 |
93.045 |
|
|
Liabilities
to credit institutions |
0 |
0 |
65.324 |
608.717 |
650.923 |
|
|
Liabilities
to group and associated companies |
120 |
120 |
120 |
50.132 |
32.283 |
|
|
Total
long-term liabilities |
120 |
120 |
65.444 |
658.849 |
683.206 |
|
|
|
||||||
|
Liabilities
to credit institutions |
25.231 |
76.382 |
0 |
0 |
0 |
|
|
Accounts
payable |
147.217 |
125.607 |
115.456 |
104.292 |
98.266 |
|
|
Liabilities
to group and associated companies |
311.416 |
113.702 |
115.963 |
225.149 |
161.707 |
|
|
Other
current liabilities |
208.236 |
180.197 |
163.863 |
171.287 |
160.041 |
|
|
Total
current liabilities |
692.100 |
495.888 |
395.282 |
500.728 |
420.014 |
|
|
|
||||||
|
Total
equity and liabilities |
1.377.544 |
1.139.406 |
1.030.852 |
1.743.055 |
1.655.940 |
|
|
Notes
etc in TSEK |
0401-0412 |
0301-0312 |
0201-0212 |
0101-0112 |
0001-0012 |
|
Employees |
1.047 |
981 |
886 |
885 |
898 |
|
Salaries
board/MD |
1.164 |
5.506 |
4.934 |
4.184 |
3.437 |
|
Salaries
others |
273.840 |
267.293 |
246.510 |
239.665 |
238.431 |
|
Total
salaries |
275.004 |
272.799 |
251.444 |
243.849 |
241.868 |
|
Total
salaries and remuneration |
275.004 |
272.799 |
251.444 |
243.849 |
241.868 |
|
Social
security expenses |
118.968 |
111.366 |
105.065 |
101.800 |
100.356 |
|
Dividend |
30.000 |
0 |
0 |
0 |
0 |
|
Contractual
severance pay |
No |
No |
No |
No |
No |
|
Total
depreciation |
23.951 |
20.921 |
16.983 |
16.486 |
18.071 |
|
Floating
charges |
0 |
0 |
0 |
350.000 |
350.000 |
|
Property
mortgages |
100.000 |
100.000 |
150.000 |
150.000 |
150.000 |
|
Other
pledges |
0 |
0 |
0 |
204.179 |
252.810 |
|
Total
pledged assets |
100.000 |
100.000 |
150.000 |
704.179 |
752.810 |
|
Other
contingent liabilities |
16.141 |
21.966 |
21.961 |
20.930 |
20.778 |
|
Total
contingent liabilities |
16.141 |
21.966 |
21.961 |
20.930 |
20.778 |
|
Audit
report |
0401-0412 |
0301-0312 |
0201-0212 |
0101-0112 |
0001-0012 |
|
Audit
report |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
Original
annual account |
|||||
|
Order
by additional choice |
Yes |
Yes |
Yes |
Yes |
Yes |
|
Ratios
1) |
||||||
|
Profitability |
|
0401-0412 |
0301-0312 |
0201-0212 |
0101-0112 |
0001-0012 |
|
Return
on equity % |
21,8 1) |
6,4 |
14,8 |
1,7 |
14,8 |
14,2 |
|
Return
on total assets % |
8,0 1) |
3,3 |
7,3 |
3,0 |
6,0 |
5,8 |
|
Average
interest rate % |
-0,7 1) |
-1,3 |
-1,4 |
-4,0 |
-2,8 |
-2,8 |
|
Risk
margin % |
5,2 1) |
2,0 |
5,9 |
-1,0 |
3,1 |
3,0 |
|
Gross
margin % |
4,3 1) |
1,8 |
5,2 |
1,5 |
5,0 |
4,8 |
|
Operating
margin % |
3,6 1) |
0,5 |
4,0 |
0,5 |
4,0 |
3,7 |
|
Net
margin % |
3,4 1) |
1,9 |
4,2 |
0,4 |
4,0 |
3,9 |
|
Interest
cover |
10,2 1) |
4,2 |
9,5 |
1,3 |
2,9 |
2,8 |
|
Capital
circulation |
||||||
|
Capital
turnover rate |
2,3 1) |
1,3 |
1,6 |
1,6 |
1,0 |
1,0 |
|
Cash
Flow/Total liabilities % |
10,9 1) |
6,8 |
13,2 |
4,2 |
6,1 |
5,5 |
|
Cash
fl/finexp % |
885,7 1) |
515,8 |
919,9 |
100,8 |
212,9 |
191,3 |
|
Self-financing
ratio % |
124,5 1) |
25,5 |
- |
- |
583,7 |
- |
|
Stock
turnover/year |
12,0 1) |
4,2 |
3,5 |
3,4 |
3,4 |
4,0 |
|
Turnover/employee TSEK |
2.187,0 1) |
1.693,0 |
1.800,0 |
1.873,0 |
1.901,0 |
1.789,0 |
|
Lab
costs/turnover % |
-10,5 1) |
-15,5 |
-15,4 |
-15,1 |
-14,5 |
-15,0 |
|
Working
capital/turn % |
10,0 1) |
17,0 |
27,0 |
26,6 |
28,6 |
30,4 |
|
Acc
rec/turnover % |
7,2 1) |
1,6 |
1,4 |
1,7 |
1,3 |
1,0 |
|
Stock/turnover
% |
6,5 1) |
23,6 |
28,9 |
29,7 |
29,3 |
25,2 |
|
Short
liabilities/turnover % |
16,4 1) |
39,0 |
28,1 |
23,8 |
29,8 |
26,1 |
|
Customer
credit time |
25,5 1) |
3,8 |
3,8 |
3,8 |
2,8 |
- |
|
Credit
period granted |
22,4 1) |
19,2 |
17,0 |
16,5 |
15,0 |
- |
|
Liquidity |
||||||
|
Current
ratio % |
148,7 1) |
143,7 |
196,3 |
211,8 |
196,1 |
216,2 |
|
Quick
ratio % |
106,8 1) |
83,3 |
93,3 |
87,0 |
97,7 |
119,7 |
|
Consolidation |
||||||
|
Equity/assets
% |
37,8 1) |
39,0 |
44,2 |
43,0 |
26,3 |
26,4 |
|
Consolidation
Ratio % |
39,2 1) |
40,7 |
46,2 |
44,6 |
27,7 |
27,8 |
|
Debt/equity
ratio |
1,6 1) |
1,6 |
1,3 |
1,3 |
2,8 |
2,8 |
|
Risk
ratio |
3,3 1) |
3,3 |
4,9 |
5,5 |
5,2 |
5,4 |
|
Fixed
assets structure |
||||||
|
Financial
assets structure % |
20,1 1) |
57,7 |
0,0 |
16,2 |
78,9 |
78,4 |
|
Intangible
assets structure % |
5,2 1) |
8,7 |
15,4 |
8,1 |
1,1 |
- |
|
Tangible
assets structure % |
86,0 1) |
33,6 |
84,6 |
75,6 |
20,0 |
21,5 |
1) Values
for the industry in 2004 = Median for companies with at
least 20 employees in industry 52600 i.e. Retail sale not
in stores
Analysis of the annual accounts (three years)
Turnover/Capital employed
The balance sheet total fell very steeply in 2002.
This may indicate that the company has completely changed its operations. If
this is the case then events etc. which have occurred previously may be
irrelevant.
Profitability
Return on assets is very low and profitability
decreasing.
The industry, as a whole, has experienced poor
results.
Liquidity
Quick ratio level is still acceptable even though is
is decreasing.
It is primarily other current liabilities that are
increasing.
Financing
Recent investments in fixed assets have been
financed exclusively by means of increased indebtedness.
Note: the forecast for the
company's insolvency is very low.
Note: The company is not obliged to
prepare consolidated accounts since it is a parent company that is included in
another company's consolidated accounts.
Enclosure 2.
Group relationship
|
Ultimate parent company |
As of |
Comments |
|
Redcats Nordic AB, 556217-1925 |
2004-12 |
Cr. rating 5 |
|
|
||
|
Shareholder in ultimate parent company |
Ownership |
As of |
Comments |
|
Redoute Ch SA, Switzerland |
100 % |
2005-06 |
|
|
|
|||
|
Parent company etc |
Proprietary int |
As of |
Comments |
|
Ellos Gruppen AB, 556519-2464 |
100 % |
2004-12 |
Cr. rating A |
|
|
Deregistered 2005-07 |
||
|
|
|||
|
Subsidiary,*sub-subsidiary etc |
Ownership |
As of |
Comments |
|
Ellos Sp Z.O.O, Poland |
100 % |
2004-12 |
|
|
|
|||
|
Ellos Oü, Estonia |
100 % |
2004-12 |
|
|
|
|||
|
Jotex AB, 556249-7106 |
100 % |
2004-12 |
Acquired 2004-09 |
|
|
|||
|
*Älvsereds Postorder AB, 556080-1481 |
100 % |
2005-06 |
Merger |
|
|
|||
|
*Jotex Norge AS, Norway |
100 % |
2005-06 |
|
|
|
|||
|
*Jotex Sverige AB, 556285-7390 |
100 % |
2005-06 |
Merger |
|
|
|||
|
*Oy Mobinia AB, Finland |
100 % |
2005-06 |
|
|
|
|||
|
*Värnamo Inkasso och Juridiska Byrå AB,
556103-8497 |
100 % |
2005-06 |
Merger |
|
|
|||
|
Former subsidiaries etc |
Ownership |
Comments |
|
Ellos A/S, Norway |
100 % |
Sold during 97 |
|
|
Former subsidiary |
|
|
|
||
|
Ellos Suomi Oy, Finland |
100 % |
Sold during 97 |
|
|
Former subsidiary |
|
|
|
||
|
Ellos A/S, Denmark |
100 % |
Sold during 97 |
|
|
Former subsidiary |
|
|
|
||
|
Ellos S.A, Switzerland |
100 % |
Sold during 99 |
|
|
Former subsidiary |
|
|
|
||
|
Ellos Hongkong Ltd, Hongkong |
100 % |
Sold during 01 |
|
|
Former subsidiary |
|
|
|
||
|
Trucken Distribution Bt AB, 556085-1502 |
100 % |
Deregistered 02-05 due to merger |
|
|
Former subsidiary |
|
|
|
||
|
Trucken Distribution AB, 556093-9596 |
100 % |
Deregistered 02-05 due to merger |
|
|
Former subsidiary |
|
|
|
||
|
Borås Textil AB, 556085-1502 |
100 % |
Sold during 97 |
|
|
Former subsidiary |
|
|
|
||
|
Ellos A/S, Norway |
100 % |
Sold during 97 |
|
|
Former subsidiary |
|
|
|
||
|
Ellos Suomi Oy, Finland |
100 % |
Sold during 97 |
|
|
Former subsidiary |
|
|
|
||
|
Ellos A/S, Denmark |
100 % |
Sold during 97 |
|
|
Former subsidiary |
|
|
|
||
|
Ellos S.A, Switzerland |
100 % |
Sold during 97 |
|
|
Former subsidiary |
|
|
|
||
|
Ellos Hongkong, Hongkong |
100 % |
Sold during 97 |
|
|
Former subsidiary |
|
|
|
||
|
Finaref Sverige AB, 556091-8863 |
100 % |
Sold during 97 |
|
|
Former subsidiary |
|
|
|
||
|
Finaref Nordic Holding AB, 556311-5301 |
100 % |
Sold during 97 within the group |
|
|
Former subsidiary |
|
|
|
||
|
Enjoy Entertainment Club Ellos AB, 556213-1226 |
100 % |
Sold during 97 |
|
|
Former subsidiary |
|
|
|
||
|
Ordex AB, 556217-1925 |
100 % |
|
|
|
Subsidiary until 97 |
|
|
|
||
Note: Parent company has been
deregistered.
Enclosure 3.
Real property list
|
Designation |
Municipality |
Ownership |
Ass. value year 2005 |
|
Vindtyget 1 |
Borås |
100 % |
127.981 TSEK |
|
|
|||
|
Öjersjö 1:49 |
Partille |
100 % |
2.088 TSEK |
|
|
|||
|
Byttorpslid 14 |
Borås |
100 % |
1.037 TSEK |
|
|
|||
Enclosure 4.
Establishments
|
Name |
Visiting address |
Zip code |
Town |
|
Hk |
Ödegärdsgatan 6 |
504 94 |
Borås |
|
|
|||
|
Catalog Mail Outlet |
Hallsta Gårdsgata 14 |
721 38 |
Västerås |
|
|
|||
|
Catalog Mail Outlet |
Norra Esplanaden 8 |
953 31 |
Haparanda |
|
|
|||
|
Catalog Mail Outlet |
Ålgårdsvägen 21 |
506 30 |
Borås |
|
|
|||
|
Lager Krokshall |
Sven Eriksonsgatan 1 |
503 38 |
Borås |
|
|
|||
RATING EXPLANATIONS
RATING
|
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely
sound financial base with the strongest capability for timely payment of
interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate
working capital. No caution needed for credit transaction. It has above
average (strong) capability for payment of interest and principal sums |
Large |
|
56-70 |
A |
Financial &
operational base are regarded healthy. General unfavourable factors will not
cause fatal effect. Satisfactory capability for payment of interest and
principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is
considered normal. Capable to meet normal commitments. |
Satisfactory |
|
26-40 |
B |
Unfavourable &
favourable factors carry similar weight in credit consideration. Capability
to overcome financial difficulties seems comparatively below average/normal. |
Small |
|
11-25 |
Ca |
Adverse factors are
apparent. Repayment of interest and principal sums in default or expected to
be in default upon maturity |
Limited with full
security |
|
<10 |
C |
Absolute credit risk
exists. Caution needed to be exercised |
Credit not recommended |