MIRA
INFORM REPORT
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Report Date : |
25.07.2007 |
IDENTIFICATION DETAILS
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Name : |
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Registered Office : |
Adelgatan 6, 211 22 Malmö |
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Country : |
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Financials (as on) : |
31.12.2006 |
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Date of Incorporation : |
2005-10 |
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Com. Reg. No.: |
556688-3012 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Business and management consultancy activities. |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average/normal. |
Small |
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Maximum Credit Limit : |
5.000 TSEK |
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Status : |
Moderate |
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Payment Behaviour : |
Slow |
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Litigation : |
Clear |
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Company
no |
556688-3012 |
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Adelgatan
6 |
Telephone |
+46-8-555
339 34 |
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211 22 Malmö |
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Visiting
address Adelgatan 6 |
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Debt with the Enforcement Service
No debt registered with the Swedish Enforcement Authority as
at
Group of companies
Ultimate parent company in Kwintet AB-group
Note: Petitions for injunction to pay have been
registered during the last 6 months.
Note: The company has been registered less
than three years. The risk of insolvency is higher for young companies than for
older companies.
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New
Reg. Board member |
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Pet.
for inj. to pay |
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New
issue |
2006-12 |
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Reduction |
2006-12 |
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Industry Risk Forecast: 0,3 %
Median value for limited company in industry 74140, such as
Business and management consultancy activities.
Other information may of course affect your assessment of
the risk
Credit limit: 5.000 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
General information
and history
|
Legal
form |
Limited
company, private |
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Vat-number |
SE
556688301201 |
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Registered
office |
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Number
of locations |
1 |
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Main
establishment |
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Name |
Head
office |
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Visiting
address |
Adelgatan
6, 211 22 Malmö |
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Description
of business activities |
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Business
and management consultancy activities. |
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(Main
business according to Statistics Sweden, SNI2002: 74140) |
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History |
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2005-10 |
Comp
reg under the current reg no and name: Goldcup D 1029 AB |
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2005-12 |
Changed
name to: Cottonswe 1 AB |
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2006-03 |
Company
registered to pay business tax |
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2006-03 |
Company
registered to pay VAT |
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2006-03 |
Company
registered to pay employer contributions |
|
2006-07 |
Articles
of Association adopted |
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2006-10 |
Company
reg under the current name |
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2006-10 |
Anders
Gronlund new Managing Director |
Matters pending with Registration Office
No notes of imminent changes
Note: The company has been registered less
than three years. The risk of insolvency is higher for young companies than for
older companies.
Board of directors
etc
Board members according to Reg Office
Board members etc reg prior to 1991-04 unless otherwise
stated.
Board member company commitments is displayed when the name
is clicked.
|
Anders Gronlund, Birth:1966 |
Managing
Director |
Reg.
in company |
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Living
abroad |
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Waldemar
Schmidt, Birth:1940 |
Regular
member |
Reg.
in company |
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Living
abroad |
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Bernt
Erland Magnusson, Birth:1941 |
Regular
member |
Reg.
in company |
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Hans
Ouwendijk, Birth:1953 |
Regular
member |
Reg.
in company |
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Living
abroad |
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Kim
Wahl, Birth:1960 |
Regular
member |
Reg.
in company |
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Living
abroad |
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Trygve
Grindheim, Birth:1968 |
Regular
member |
Reg.
in company |
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Living
abroad |
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Klaus
De Vibe, Birth:1975 |
Deputy
member |
Reg.
in company |
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Living
abroad |
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Kpmg
|
Audit
firm |
Reg.
in company |
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Board
members etc that have left the company during the last two years |
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Anne
Holm Rannaleet, Birth:1954 |
Regular
member |
Reg.
in company |
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Deregistered |
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Christer
Holmberg, Birth:1967 |
Regular
member |
Reg.
in company |
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Deregistered |
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Trygve
Grindheim, Birth:1968 |
Regular
member |
Reg.
in company |
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Deregistered |
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Living
abroad |
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Jakob
Moeller-Jensen, Birth:1973 |
Regular
member |
Reg.
in company |
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Deregistered |
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Living
abroad |
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Klaus
De Vibe, Birth:1975 |
Regular
member |
Reg.
in company |
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Deregistered |
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Living
abroad |
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Board of directors data
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The
information refers to members residing in |
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No
of board members (ord members and MD) |
6 |
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Any board
member with comm in other comp? |
Yes |
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Any
board member with comm in bankrupt comp? |
No |
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Any
board member with payment complaint? |
No |
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Any board
member with bankruptcy petition? |
No |
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Any
board member with bal of debt with Enf Auth? |
No |
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Authorized
signatory (available in Swedish only) |
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Firman
tecknas av styrelsen |
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firman
tecknas två i förening av |
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-Ledamöterna |
|
-Gronlund,
Anders |
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Dessutom har verkställande direktören rätt
att teckna firman |
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beträffande
löpande förvaltningsåtgärder |
Group relationship
etc
|
Shareholder
in subject company |
Ownership |
As
of |
Comments |
|
Kwintet
International S.A.R.L., Luxemburg |
>50 % |
2006-12 |
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For a complete specification of subsidiaries etc, see
enclosure
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Annual
accounts |
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Inc.
statement in TSEK |
0601-0612 |
0510-0512 |
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Net
sales |
0 |
0 |
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Profit/loss
after financial items |
-127.311 |
-2.667 |
|
Balance
sheet in TSEK |
0601-0612 |
0510-0512 |
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Total
fixed assets |
2.280.016 |
2.601.720 |
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Total
current assets |
196.755 |
232.462 |
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Total
equity |
746.033 |
758.868 |
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Total
long-term liabilities |
1.553.459 |
2.012.072 |
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Total
current liabilities |
165.744 |
63.242 |
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Total
equity and liabilities |
2.476.771 |
2.834.182 |
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Notes
etc |
0601-0612 |
0510-0512 |
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Employees |
0 |
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Audit
report |
Unqualified |
Unqualified |
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Ratios |
|
0601-0612 |
0510-0512 |
|
Equity/assets
% |
-1) |
30,1 |
26,8 |
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Consolidation
Ratio % |
-1) |
30,1 |
26,8 |
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Quick
ratio % |
-1) |
118,7 |
367,6 |
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Return
on total assets % |
-1) |
3,6 |
0,9 |
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Cash
Flow/Total liabilities % |
-1) |
-6,2 |
-0,4 |
|
Risk
margin % |
-1) |
-8,9 |
-0,8 |
1) Ratios
on industry is missing.
Analysis of the annual accounts (two years)
Profitability
Return on assets is very low and profitability is
decreasing.
For the complete annual accounts and all ratios, see
enclosure
Consolidated
annual accounts and ratios
|
Inc.
statement in TSEK |
0601- 0612 |
0510- 0512 |
|
Net
sales |
+4.100.057 |
0 |
|
Profit/loss
after financial items |
-243.883 |
-6.096 |
|
Balance
sheet in TSEK |
0601- 0612 |
0510- 0512 |
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Total
fixed assets |
2.700.279 |
2.881.322 |
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Total
current assets |
2.092.353 |
2.190.695 |
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Total
equity |
564.461 |
752.848 |
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Total
long-term liabilities |
3.146.577 |
3.174.641 |
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Total
current liabilities |
826.624 |
839.243 |
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Total
equity and liabilities |
4.792.632 |
5.072.017 |
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Notes
etc |
0601- 0612 |
0510- 0512 |
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Employees |
3.081 |
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Audit
report |
Unqualified |
Unqualified |
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Ratios |
0601- 0612 |
0510- 0512 |
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Equity/assets
% |
11,8 |
14,8 |
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Consolidation
Ratio % |
11,8 |
14,8 |
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Quick
ratio % |
132,4 |
135,1 |
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Return
on total assets % |
2,0 |
0,0 |
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Cash
Flow/Total liabilities % |
-0,7 |
-0,4 |
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Risk
margin % |
-6,0 |
-0,6 |
For complete annual account and all ratios for the
group, see enclosure
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Share
capital |
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Total |
8.119 TSEK |
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The most recently registered changes in the share capital
|
2006-12 |
218 TSEK |
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New
issue |
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2006-12 |
-100 TSEK |
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Reduction |
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2006-02 |
310 TSEK |
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New
issue |
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2005-12 |
7.591 TSEK |
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New
issue |
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Chattel mortgages
We have has not been notified about any chattel mortgages.
Unprivileged claims in clients´ bankruptcies
We have not been notified about any unprivileged claims in
bankruptcies in the last 2 years.
Properties
We have has not been notified about any property ownership.
Payment
complaints, complaints and
other payment
information
No complaints have been registered.
1 claim totalling 3,2 TSEK has been registered.
|
Claims |
|
Amount SEK |
|
Creditor |
|
Pet.
for inj. to pay |
|
3.187 |
|
Öresundsbro
Konsortiet |
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-written
off by KFM |
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No debt registered with the Swedish Enforcement Authority as
at
We does not have information about historic debt with the
Bailiffs.
Note: Petitions for injunction to pay have
been registered during the last 6 months.
Annual accounts and ratios
|
Annual
accounts |
||||||
|
Inc.
statement in TSEK |
0601-0612 |
0510-0512 |
|
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Net
sales |
0 |
0 |
|
|
|
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|
Other
operating income |
+11.968 |
0 |
|
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|
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|
Other
external costs |
-101.465 |
-1 |
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Operating
profit/loss |
-89.497 |
-1 |
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Interest
income group companies |
0 |
+6.120 |
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External
interest income |
+3.056 |
+499 |
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Other
financial income |
+175.887 |
0 |
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Total
financial income |
+178.943 |
+6.619 |
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|
|
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External
interest expenses |
-211.545 |
-4.584 |
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Other
financial expenses |
-5.212 |
-4.701 |
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Total
financial expenses |
-216.757 |
-9.285 |
|
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Profit/loss
after financial items |
-127.311 |
-2.667 |
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||||||
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Profit/loss
before appropriations |
-127.311 |
-2.667 |
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Profit/loss
before tax |
-127.311 |
-2.667 |
|
|
|
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Tax |
+20.544 |
+747 |
|
|
|
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|
Net profit/loss
for the year |
-106.767 |
-1.920 |
|
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Balance
sheet in TSEK |
0601-0612 |
0510-0512 |
||||
|
Total
intangible assets |
0 |
0 |
||||
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Total
tangible assets |
0 |
0 |
||||
|
Participations
in group and associated companies |
674.987 |
646.699 |
||||
|
Receivables
from group and associated companies |
1.601.660 |
1.954.882 |
||||
|
Other
financial assets |
3.369 |
139 |
||||
|
Total
financial assets |
2.280.016 |
2.601.720 |
||||
|
Total
fixed assets |
2.280.016 |
2.601.720 |
||||
|
|
||||||
|
Receivables
from group and associated companies |
78.601 |
2.172 |
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|
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|
Other
current receivables |
36.552 |
40.506 |
|
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|
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Total
current receivables |
115.153 |
42.678 |
|
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|
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|
Total
cash and bank balances |
81.602 |
189.784 |
|
|
|
|
|
Total
current assets |
196.755 |
232.462 |
|
|
|
|
|
|
||||||
|
Total
assets |
2.476.771 |
2.834.182 |
|
|
|
|
|
Balance
sheet in TSEK |
0601-0612 |
0510-0512 |
||||
|
Share
capital |
8.002 |
7.691 |
||||
|
Share
premium reserve |
48.911 |
0 |
||||
|
Other
restricted equity |
751.721 |
751.533 |
||||
|
Group
contribution |
61.836 |
1.564 |
||||
|
Profit/loss
brought forward |
-17.670 |
0 |
||||
|
Net
profit/loss for the year |
-106.767 |
-1.920 |
||||
|
Total
equity |
746.033 |
758.868 |
||||
|
|
||||||
|
Total
provisions |
11.535 |
0 |
|
|
|
|
|
Liabilities
to group and associated companies |
527.333 |
471.406 |
|
|
|
|
|
Other
long-term liabilities |
1.026.126 |
1.540.666 |
|
|
|
|
|
Total
long-term liabilities |
1.553.459 |
2.012.072 |
|
|
|
|
|
|
||||||
|
Liabilities
to credit institutions |
72.714 |
0 |
|
|
|
|
|
Accounts
payable |
2.249 |
0 |
|
|
|
|
|
Liabilities
to group and associated companies |
86.311 |
412 |
|
|
|
|
|
Other
current liabilities |
4.470 |
62.830 |
|
|
|
|
|
Total
current liabilities |
165.744 |
63.242 |
|
|
|
|
|
|
||||||
|
Total
equity and liabilities |
2.476.771 |
2.834.182 |
|
|
|
|
|
Notes
etc in TSEK |
0601-0612 |
0510-0512 |
|
Employees |
0 |
|
|
Total
salaries and remuneration |
0 |
0 |
|
Dividend |
0 |
0 |
|
Contractual
severance pay |
No |
No |
|
Other
pledges |
2.367.819 |
2.733.093 |
|
Total
pledged assets |
2.367.819 |
2.733.093 |
|
Other
contingent liabilities |
1.520.404 |
1.162.569 |
|
Total
contingent liabilities |
1.520.404 |
1.162.569 |
|
Share
issues |
528 |
7.591 |
|
Audit
report |
0601-0612 |
0510-0512 |
|
Audit
report |
Unqualified |
Unqualified |
|
Original
annual account |
|||||
|
Order
by Annual Accounts Direct etc |
Yes |
Yes |
|
|
|
|
Ratios |
||||||
|
Profitability |
|
0601-0612 |
0510-0512 |
|
|
|
|
Return
on equity % |
-1) |
-17,1 |
-1,4 |
|
|
|
|
Return
on total assets % |
-1) |
3,6 |
0,9 |
|
|
|
|
Average
interest rate % |
-1) |
-12,5 |
-1,8 |
|
|
|
|
Risk
margin % |
-1) |
-8,9 |
-0,8 |
|
|
|
|
Operating
margin % |
-1) |
-747,8 |
- |
|
|
|
|
Net
margin % |
-1) |
<-999,9 |
- |
|
|
|
|
Interest
cover |
-1) |
0,4 |
0,7 |
|
|
|
|
Capital
circulation |
||||||
|
Capital
turnover rate |
-1) |
0,0 |
0,0 |
|
|
|
|
Cash
Flow/Total liabilities % |
-1) |
-6,2 |
-0,4 |
|
|
|
|
Cash
fl/finexp % |
-1) |
-49,2 |
-20,7 |
|
|
|
|
Lab costs/turnover
% |
-1) |
0,0 |
- |
|
|
|
|
Working
capital/turn % |
-1) |
259,1 |
- |
|
|
|
|
Acc
rec/turnover % |
-1) |
0,0 |
- |
|
|
|
|
Stock/turnover
% |
-1) |
0,0 |
- |
|
|
|
|
Short
liabilities/turnover % |
-1) |
>999,9 |
- |
|
|
|
|
Customer
credit time |
-1) |
0,0 |
- |
|
|
|
|
Credit
period granted |
-1) |
23,5 |
- |
|
|
|
|
Liquidity |
||||||
|
Current
ratio % |
-1) |
118,7 |
367,6 |
|
|
|
|
Quick
ratio % |
-1) |
118,7 |
367,6 |
|
|
|
|
Consolidation |
||||||
|
Equity/assets
% |
-1) |
30,1 |
26,8 |
|
|
|
|
Consolidation
Ratio % |
-1) |
30,1 |
26,8 |
|
|
|
|
Debt/equity
ratio |
-1) |
2,3 |
2,7 |
|
|
|
|
Risk
ratio |
-1) |
203,8 |
153,2 |
|
|
|
|
Fixed
assets structure |
||||||
|
Financial
assets structure % |
-1) |
100,0 |
100,0 |
|
|
|
1) Ratios
on industry is missing.
Analysis of the annual accounts (two years)
Profitability
Return on assets is very low and profitability is
decreasing.
Financing
Last year’s cash flow is negative.
Consolidated annual accounts and ratios
|
Inc.
statement in TSEK |
0601-0612 |
0510-0512 |
||||
|
Net
sales |
+4.100.057 |
0 |
||||
|
Raw
materials/consumables |
-725.535 |
0 |
||||
|
Goods
for resale |
-1.801.813 |
0 |
||||
|
Other
external costs |
-599.712 |
-836 |
||||
|
Personnel
costs |
-715.551 |
0 |
||||
|
Depreciation |
-177.153 |
0 |
||||
|
Other
operating expenses |
-3.423 |
0 |
||||
|
Operating
profit/loss |
+76.870 |
-836 |
||||
|
|
||||||
|
External
interest income |
+15.348 |
+499 |
|
|
|
|
|
Other
financial income |
+1.120 |
+918 |
|
|
|
|
|
Total
financial income |
+16.468 |
+1.417 |
|
|
|
|
|
External
interest expenses |
-327.519 |
-5.036 |
|
|
|
|
|
Other
financial expenses |
-9.702 |
-1.641 |
|
|
|
|
|
Total
financial expenses |
-337.221 |
-6.677 |
|
|
|
|
|
Profit/loss
after financial items |
-243.883 |
-6.096 |
|
|
|
|
|
|
||||||
|
Profit/loss
before appropriations |
-243.883 |
-6.096 |
|
|
|
|
|
Profit/loss
before tax |
-243.883 |
-6.096 |
|
|
|
|
|
Tax |
+38.406 |
+1.176 |
|
|
|
|
|
Minority
interests and profit/loss in subsidiaries before acquisition |
-264 |
0 |
|
|
|
|
|
Net
profit/loss for the year |
-205.741 |
-4.920 |
|
|
|
|
|
|
||||||
|
Balance
sheet in TSEK |
0601-0612 |
0510-0512 |
||||
|
Concessions,
patents, licences, trademarks and similar rights |
344.684 |
374.221 |
||||
|
Goodwill |
1.976.800 |
2.115.595 |
||||
|
Total
intangible assets |
2.321.484 |
2.489.816 |
||||
|
Land
and buildings |
182.823 |
215.378 |
||||
|
Machinery |
54.827 |
52.999 |
||||
|
Equipment |
25.909 |
21.988 |
||||
|
Total
machinery and equipment |
80.736 |
74.987 |
||||
|
Other
tangible assets |
2.917 |
3.872 |
||||
|
Total
tangible assets |
266.476 |
294.237 |
||||
|
Participations
in group and associated companies |
9.708 |
9.004 |
||||
|
Other
financial assets |
102.611 |
88.265 |
||||
|
Total
financial assets |
112.319 |
97.269 |
||||
|
Total
fixed assets |
2.700.279 |
2.881.322 |
||||
|
|
||||||
|
Other
inventories |
997.974 |
1.056.908 |
|
|
|
|
|
Total
inventories |
997.974 |
1.056.908 |
|
|
|
|
|
Accounts
receivable |
821.648 |
749.338 |
|
|
|
|
|
Receivables
from group and associated companies |
434 |
0 |
|
|
|
|
|
Other
current receivables |
141.873 |
142.252 |
|
|
|
|
|
Total
current receivables |
963.955 |
891.590 |
|
|
|
|
|
Total
cash and bank |
130.424 |
242.197 |
|
|
|
|
|
Total
current assets |
2.092.353 |
2.190.695 |
|
|
|
|
|
|
||||||
|
Total
assets |
4.792.632 |
5.072.017 |
|
|
|
|
|
|
||||||
|
Balance
sheet in TSEK |
0601-0612 |
0510-0512 |
|
Share
capital |
8.002 |
7.691 |
|
Other
restricted equity |
751.721 |
751.533 |
|
Profit/loss
brought forward |
10.479 |
-1.456 |
|
Net
profit/loss for the year |
-205.741 |
-4.920 |
|
Total
equity |
564.461 |
752.848 |
|
Minority
interest |
943 |
1.746 |
|
Total
provisions |
254.027 |
303.539 |
|
Liabilities
to group and associated companies |
527.333 |
471.406 |
|
Other
long-term liabilities |
2.619.244 |
2.703.235 |
|
Total
long-term liabilities |
3.146.577 |
3.174.641 |
|
Liabilities
to credit institutions |
139.085 |
96.950 |
|
Accounts
payable |
417.304 |
311.718 |
|
Liabilities
to group and associated companies |
0 |
412 |
|
Other
current liabilities |
270.235 |
430.163 |
|
Total
current liabilities |
826.624 |
839.243 |
|
Total
equity and liabilities |
4.792.632 |
5.072.017 |
|
Notes
etc in TSEK |
0601-0612 |
0510-0512 |
|
Employees |
3.081 |
|
|
Salaries
board/MD |
39.612 |
0 |
|
Salaries
others |
543.114 |
0 |
|
Total
salaries |
582.726 |
0 |
|
Total
salaries and remuneration |
582.726 |
0 |
|
Social
security expenses |
130.498 |
0 |
|
Contractual
severance pay |
No |
No |
|
Total
depreciation |
177.153 |
0 |
|
Floating
charges |
375.359 |
341.311 |
|
Property
mortgages |
7.500 |
7.500 |
|
Other
pledges |
582.317 |
772.191 |
|
Total
pledged assets |
965.176 |
1.121.002 |
|
Other
contingent liabilities |
27.437 |
14.892 |
|
Total
contingent liabilities |
27.437 |
14.892 |
|
Share
issues |
528 |
7.591 |
|
Audit
report |
0601-0612 |
0510-0512 |
|
Audit
report |
Unqualified |
Unqualified |
|
Original
annual account |
|||||
|
Order
by Annual Accounts Direct etc |
Yes |
Yes |
|
|
|
|
Ratios |
|||||
|
Profitability |
0601-0612 |
0510-0512 |
|
|
|
|
Return
on equity % |
-43,2 |
-3,2 |
|
|
|
|
Return
on total assets % |
2,0 |
0,0 |
|
|
|
|
Average
interest rate % |
-8,0 |
-0,6 |
|
|
|
|
Risk
margin % |
-6,0 |
-0,6 |
|
|
|
|
Gross
margin % |
6,2 |
- |
|
|
|
|
Operating
margin % |
2,0 |
- |
|
|
|
|
Net
margin % |
-5,9 |
- |
|
|
|
|
Interest
cover |
0,3 |
0,1 |
|
|
|
|
Capital
circulation |
|||||
|
Capital
turnover rate |
0,9 |
0,0 |
|
|
|
|
Cash
Flow/Total liabilities % |
-0,7 |
-0,4 |
|
|
|
|
Cash
fl/finexp % |
-8,4 |
-73,7 |
|
|
|
|
Stock
turnover/year |
4,1 |
0,0 |
|
|
|
|
Turnover/employee SEK |
1.330,0 |
- |
|
|
|
|
Lab
costs/turnover % |
-14,2 |
- |
|
|
|
|
Working
capital/turn % |
30,9 |
- |
|
|
|
|
Acc
rec/turnover % |
20,0 |
- |
|
|
|
|
Stock/turnover
% |
24,3 |
- |
|
|
|
|
Short
liabilities/turnover % |
20,2 |
- |
|
|
|
|
Customer
credit time |
47,9 |
- |
|
|
|
|
Credit
period granted |
22,2 |
- |
|
|
|
|
Liquidity |
|||||
|
Current
ratio % |
253,1 |
261,0 |
|
|
|
|
Quick
ratio % |
132,4 |
135,1 |
|
|
|
|
Consolidation |
|||||
|
Equity/assets
% |
11,8 |
14,8 |
|
|
|
|
Consolidation
Ratio % |
11,8 |
14,8 |
|
|
|
|
Debt/equity
ratio % |
7,5 |
5,7 |
|
|
|
|
Risk
ratio |
4,9 |
2,0 |
|
|
|
|
Fixed
assets structure |
|||||
|
Financial
assets structure % |
4,2 |
3,4 |
|
|
|
|
Intangible
assets structure % |
86,0 |
86,4 |
|
|
|
|
Tangible
assets structure % |
9,9 |
10,2 |
|
|
|
Enclosure 3.
Group relationship
|
Shareholder
in subject company |
Ownership |
As
of |
Comments |
|
Kwintet
International S.A.R.L., Luxemburg |
>50 % |
2006-12 |
|
|
|
|||
|
Subsidiary,*sub-subsidiary
etc |
Ownership |
As
of |
Comments |
|
Cotton
|
100 % |
2006-12 |
|
|
|
|||
|
Cotton
Co |
100 % |
2006-12 |
|
|
|
|||
|
Cottonswe
2 AB, 556688-2931 |
100 % |
2006-12 |
|
|
|
|||
|
*Kwintet
Holding AB, 556602-8071 |
100 % |
2005-12 |
Acquired
2000-12 |
|
|
|||
|
**Johan
Skoglund i |
100 % |
2005-12 |
|
|
|
|||
|
**Kwintet
Fristads AB, 556023-8486 |
100 % |
2005-12 |
Acquired
2000-12 |
|
|
|||
|
***Kwintet
Hejco Oy, |
100 % |
2005-12 |
|
|
|
|||
|
***Kwintet
Hejco Aps, |
100 % |
2005-12 |
|
|
|
|||
|
***Kwintet
Fristads ( |
100 % |
2005-12 |
|
|
|
|||
|
***Kwintet
Corporate Wear AB, 556481-5826 |
100 % |
2005-12 |
|
|
|
|||
|
****Contemporary
Textile |
70 % |
2005-12 |
|
|
|
|||
|
***Sia
Kwintet Production, |
100 % |
2005-12 |
|
|
|
|||
|
***Unit
Products AB, 556201-4992 |
100 % |
2005-12 |
Acquired
2001-06 |
|
|
|||
|
****AB
Martinsons Konfektion, 556091-0456 |
100 % |
2005-12 |
|
|
|
|||
|
***002ntet
Hejco A/S, |
100 % |
2005-12 |
|
|
|
|||
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 |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
|
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 and their relative weights (as indicated through %) are as
follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)