MIRA
INFORM REPORT
|
Report Date : |
14th
November, 2006 |
IDENTIFICATION DETAILS
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Name : |
ELLOS AB |
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Registered Office : |
Borås municipality in Västra Götalands county |
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Country : |
Sweden |
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Date of Incorporation : |
1944-07 |
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Legal Form : |
Limited company, private |
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Line of Business : |
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RATING & COMMENTS
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MIRA’s
Rating : |
Ba |
RATING
|
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal.
Capable to meet normal commitments. |
Satisfactory |
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Status
: |
Satisfactory
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Payment
Behaviour : |
Regular
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Litigation
: |
Clear |
Summary
Ellos AB
501 86 Borås
Visiting address Ödegärdsgatan 6
Company
no 556044-0264
Telephone +46-33-16 00 00
Risk forecast < 0,25 %
Credit limit 10.000 TSEK
Payment complaints Not reg
Claims Not reg
Registered 1944-07
Annual accounts 0401-0412
Net sales 1.246.235 TSEK
Profit/loss after financial items 34.376 TSEK
Total equity 485.065 TSEK
Employees 1.047 pcs
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.
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Francoise Suzanne Marcelle D`v`,
Birth:1954 |
MD and Regular member |
Reg. in company 2004-02-27 |
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Leif Johansson, Birth:1958 |
Regular member |
Reg. in company 1997-12-18 |
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Philippe G`rard Fourni`,
Birth:1967 |
Regular member |
Reg. in company 2005-11-03 |
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Niklas Thunström, Birth:1968 |
Regular member |
Reg. in company 2003-04-01 |
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Anders Ivdal |
Authorized public Accountant |
Reg. in company 2005-08-15 |
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Johan Kratz |
Deputy auditor |
Reg. in company 2006-04-27 |
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Board members etc that have left the company during the last two
years |
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Georg Henrik Mikael Koskela, Birth:1960 |
Regular member |
Reg. in company 2002-03-27 |
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Deregistered 2005-11-03 |
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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 |
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Total current assets |
994.490 |
973.241 |
837.214 |
981.864 |
907.911 |
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Total equity |
485.065 |
449.913 |
402.179 |
403.899 |
386.198 |
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Total long-term liabilities |
120 |
120 |
65.444 |
658.849 |
683.206 |
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Total current liabilities |
692.100 |
495.888 |
395.282 |
500.728 |
420.014 |
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Total equity and liabilities |
1.377.544 |
1.139.406 |
1.030.852 |
1.743.055 |
1.655.940 |
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Notes etc |
0401-0412 |
0301-0312 |
0201-0212 |
0101-0112 |
0001-0012 |
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Employees |
1.047 |
981 |
886 |
885 |
898 |
|
Audit report |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Ratios
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Ratios 1) |
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0401-0412 |
0301-0312 |
0201-0212 |
0101-0112 |
0001-0012 |
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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 |
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Cash Flow/Total liabilities % |
10,9 1) |
6,8 |
13,2 |
4,2 |
6,1 |
5,5 |
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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
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Designation |
Vindtyget 1 |
Owns |
100 % |
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Municipality |
Borås |
Acquisition date |
1978-05-03 |
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Property type |
426, Industrial unit, other manufacturing industry |
Assessed value in 2005 |
127.981 TSEK |
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Area |
16 ha |
Jointly assessed |
No |
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Type of acquisition |
Purchase |
Purchase price |
Unknown |
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Designation |
Öjersjö 1:49 |
Owns |
100 % |
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Municipality |
Partille |
Acquisition date |
2000-07-07 |
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Property type |
220, Small dwelling house, year-round housing for 1-2 families |
Assessed value in 2005 |
2.088 TSEK |
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Area |
1.524 sq m |
Jointly assessed |
No |
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Type of acquisition |
Purchase |
Purchase price |
3.125 TSEK |
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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
Enclosure
1.
Annual accounts and ratios
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Annual accounts |
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Inc. statement in TSEK |
0401-0412 |
0301-0312 |
0201-0212 |
0101-0112 |
0001-0012 |
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Net sales |
+1.246.235 |
+1.290.136 |
+1.245.489 |
+1.215.350 |
+1.129.803 |
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Other operating income |
+527.232 |
+475.862 |
+414.644 |
+467.105 |
+477.047 |
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Goods for resale |
-715.853 |
-713.966 |
-744.883 |
-664.992 |
-653.973 |
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Other external costs |
-594.771 |
-539.846 |
-503.402 |
-540.455 |
-500.692 |
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Personnel costs |
-430.259 |
-420.588 |
-386.200 |
-374.649 |
-396.697 |
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Depreciation |
-23.951 |
-20.921 |
-16.983 |
-16.486 |
-18.071 |
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Items affecting comparability |
0 |
0 |
0 |
-18.453 |
+21.896 |
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Operating profit/loss |
+8.633 |
+70.677 |
+8.665 |
+67.420 |
+59.313 |
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Result from participations in group and associated companies |
+30.000 |
0 |
-26 |
0 |
+857 |
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Interest income group companies |
+5.590 |
+6.877 |
+1.362 |
+35.829 |
+35.467 |
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External interest income |
+872 |
+5.834 |
+21.234 |
+600 |
+794 |
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Total financial income |
+36.462 |
+12.711 |
+22.570 |
+36.429 |
+37.118 |
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Interest expense to group companies |
-2.379 |
-98 |
-1.360 |
-2.370 |
-2.138 |
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External interest expenses |
-8.054 |
-8.324 |
-21.820 |
-32.303 |
-30.808 |
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Other financial expenses |
-286 |
-344 |
-627 |
-1.410 |
-1.447 |
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Total financial expenses |
-10.719 |
-8.766 |
-23.807 |
-36.083 |
-34.393 |
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Profit/loss after financial items |
+34.376 |
+74.622 |
+7.428 |
+67.766 |
+62.038 |
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Profit/loss before appropriations |
+34.376 |
+74.622 |
+7.428 |
+67.766 |
+62.038 |
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Appropriations |
+1.802 |
-18.803 |
+20.729 |
-5.439 |
-10.312 |
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Group contribution |
0 |
0 |
-29.460 |
-37.204 |
-814 |
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Profit/loss before tax |
+36.178 |
+55.819 |
-1.303 |
+25.123 |
+50.912 |
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Tax |
-3.043 |
-14.907 |
-417 |
-7.422 |
-14.327 |
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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 |
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Other intangible assets |
15.297 |
3.809 |
15.679 |
8.320 |
0 |
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Total intangible assets |
33.343 |
25.585 |
15.679 |
8.320 |
0 |
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|
Land and buildings |
108.156 |
115.293 |
122.429 |
129.566 |
136.537 |
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Machinery |
20.491 |
24.782 |
21.904 |
20.488 |
24.611 |
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Total machinery and equipment |
20.491 |
24.782 |
21.904 |
20.488 |
24.611 |
|
|
Other tangible assets |
0 |
476 |
2.167 |
2.539 |
0 |
|
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Total tangible assets |
128.647 |
140.551 |
146.500 |
152.593 |
161.148 |
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Participations in group and associated companies |
221.064 |
29 |
29 |
1.359 |
1.407 |
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Receivables from group and associated companies |
0 |
0 |
31.430 |
598.919 |
585.474 |
|
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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 |
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Other inventories |
417.968 |
510.482 |
493.282 |
492.589 |
405.320 |
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Total inventories |
417.968 |
510.482 |
493.282 |
492.589 |
405.320 |
|
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Accounts receivable |
28.230 |
25.204 |
27.882 |
22.210 |
16.215 |
|
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Receivables from group and associated companies |
387.273 |
354.114 |
232.011 |
380.061 |
402.982 |
|
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Other current receivables |
84.459 |
54.331 |
61.774 |
70.696 |
70.835 |
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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 |
|
|
|
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|
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 |
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|
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 |
|
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|
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|
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 |