MIRA
INFORM REPORT
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Report Date : |
13.05.2008 |
IDENTIFICATION
DETAILS
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Name : |
H & M HENNES
& MAURITZ GBC AB |
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Registered Office : |
10638 Stockholm |
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Country : |
Sweden |
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Date of Incorporation : |
20.11. 1959 |
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Com. Reg. No.: |
5560701715 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Services for the H&M fashion chain. |
RATING &
COMMENTS
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MIRA’s Rating : |
Ba |
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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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Maximum Credit Limit : |
EUR 500.000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
name & address
H & M HENNES
& MAURITZ GBC AB
C/O SALEN-HK A
10638 STOCKHOLM SE
Tel. Number
+46-8-7965500
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Business registered |
20 November 1959 - Private limited company (no information regarding
quotation) |
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Registration number, |
5560701715, |
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Tax number :, |
SE556070171501, |
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Legal form |
Private limited company (no information regarding quotation) |
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Activities |
Services for the H&M fashion chain. |
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Credit opinion |
No objections against entering into a business relationship. Maximum credit : EUR 500.000,- |
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Employees (Business) |
Between 500 and 999 employees. |
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Total share capital |
SEK 100000 |
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Board members |
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Auditor |
!ASA LUNDVALL Auditor |
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TORSTEN LYTH Deputy auditor |
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Management |
ROLF ERIKSEN Managing director |
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Ultimate parent company: |
5564235769 STEFAN PERSSON PLACERING
AB |
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Parent company : |
5560427220 H & M HENNES & MAURITZ
AB 100 % |
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Website |
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The business have taken out debentures and /or debenture
mortgages? No (mortgages/Debentures) |
RATING
EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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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. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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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%)