MIRA
INFORM REPORT
|
Report Date : |
07.10.2008 |
IDENTIFICATION
DETAILS
|
Name : |
AHLENS AB |
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Registered Office : |
Ringvägen 100 11890 Stockholm |
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Country : |
Sweden |
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Financials (as on) : |
31.12.2007 |
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Date of Incorporation : |
09.03.1932 |
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Com. Reg. No.: |
5560308800 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Retailer in a number of Fields. Operations are focused on four business
areas: Mode (Fashion), Skönhet (Beauty), Hem (Homeware) and Media. |
RATING &
COMMENTS
|
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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Maximum Credit Limit : |
SEK 10000000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
name & address
Åhléns AB
Ringvägen 100
11890 STOCKHOLM SE
Tel. Number
+46-8-7916600
Website
http://www.ahlens.com/
summary
Business registered 09
March 1932 - Private limited company (no information regarding quotation)
Registration
number, 5560308800,
Tax number :, SE556030880001,
Legal form Private
limited company (no information regarding quotation)
Activities
Retailer in a
number of fields. Operations are focused on four business areas: Mode
(Fashion), Skönhet (Beauty), Hem (Homeware) and Media.
Credit opinion
Maximum credit
limit 10000000 SEK is advised
Employees (Business)
3185
|
Injunction
to pay. The court/authorities has passed a judgement on the00 February 2008 |
158000 |
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The name of the creditor will follow. |
SEWERYN ZELIC MARZENNA |
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Tax arrears .00 April 2007 |
25301 |
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Injunction to pay . The court/authorities has passed a judgement on
the00 March 2004 |
75000 |
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The name of the creditor will follow. |
ALECTA PENSIONSF!ORS!EKR, |
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Injunction to pay . The court/authorities has passed a judgement on
the00 January 2004 |
149781 |
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The name of the creditor will follow. |
TRAFIKF!ORS!EKRINGSF!ORENIN |
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Petition for injunction to pay.00 September 2008 |
876 |
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The name of the creditor will follow. |
BORDING AB |
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Petition for injunction to pay.00 July 2008 |
500 |
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The name of the creditor will follow. |
TELIASONERA SVERIGE AB |
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Petition for injunction to pay.00 November 2007 |
3326 |
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The name of the creditor will follow. |
E.ON F!ORS!ELJNING SVERIGE |
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Petition for injunction to pay.00 October 2007 |
7068 |
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The name of the creditor will follow. |
SECURITAS BEVAKNING AB |
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Petition for injunction to pay.00 May 2007 |
893 |
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The name of the creditor will follow. |
SECURITAS BEVAKNING AB |
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Judgements (total number) |
4 |
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Judgements (total amount) |
408082 |
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Injunctions (total number), |
8 |
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Injunctions (total amount), |
17425 |
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Total number of judgements, injunctions, claims, etc. (”weak negative
facts”) |
12 |
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Total share capital |
SEK 112500000 |
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Board members
LILIAN MARGARETA
WERTHEN FOSSUM Board member
CAROLINE M!ORNER
BERG Board member
CARL FREDRIK WILLI
PERSSON Board member
MATTIAS
KARLKJELL Board member
INGA GUNNEL
TEGNER Employer representative
LOU-LOU
VALL Employer representative
LILIAN
M!ARELIUS Employer representative
ULF CARL HENRIC
YNGVEUS Deputy employer representative
MAJ-BRITT
SANDSTR!OM KEKKI Deputy employer representative
Auditor
CAJ STENSON
NACKSTAD Auditor
JOHAN FREDRIK
ELIMAR BAECKSTR!OM Deputy auditor
Management
TOMAS
AXEN Managing director
ULF JOHAN GUNNAR
LARSSON LINDSTRAND Deputy
managing director
JOAKIM
FORSELL Deputy managing director
Ultimate parent company
5562452549 AXEL
JOHNSON GRUPPEN AB
Parent company
5562236959 AXEL
JOHNSON AB 100 %
|
The
businesses have taken out debentures and /or debenture mortgages? Yes
(mortgages/Debentures) |
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|
all debentures
and debenture mortgages taken out. 634400000 |
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Corporate
balance sheet for the year: 01 January 2007 - 31 December 2007 in
SEK |
|
|
Plant, machinery and equipment |
421.700.000,- |
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Total tangible fixed assets |
421.700.000,- |
|
Loans, shares and participations |
87.000.000,- |
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Total financial fixed assets |
87.000.000,- |
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Total fixed assets |
508.700.000,- |
|
Inventories and work in progress (incl. prepayments) |
1.053.400.000,- |
|
Accounts receivable (trade) |
50.800.000,- |
|
Receivables from affiliates and companies in which participations are
held |
102.100.000,- |
|
Cash in hand and at bank |
208.000.000,- |
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Total Current assets |
1.648.500.000,- |
|
Total assets incl. prepaid expenses and accrued income |
2.157.200.000,- |
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Issued (subscribed) capital |
112.500.000,- |
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Statutory reserves |
22.500.000,- |
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Profit or loss carried forward |
476.100.000,- |
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Profit or loss for the financial year |
183.000.000,- |
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Total equity (Shareholders' funds) |
692.700.000,- |
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Total provisions |
105.000.000,- |
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Current accounts payable (trade) |
421.800.000,- |
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Current payables to affiliated companies and to companies in which
participations are held |
154.100.000,- |
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Total current liabilities |
1.185.900.000,- |
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Total liabilities |
1.185.900.000,- |
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Total equity, provisions, liabilities, accrued expenses and deferred
income |
2.157.200.000,- |
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Number of employees |
3.185,- |
|
Salaries board/Managing Director |
5.400.000,- |
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Salaries to others |
854.800.000,- |
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Total salaries |
860.200.000,- |
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Total salaries and remunerations |
860.200.000,- |
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Social security expenses |
362.400.000,- |
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Unspecified depreciations |
94.600.000,- |
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Unspecified depreciations of which goods sold |
5.500.000,- |
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Unspecified depreciations of which sell costs |
81.500.000,- |
|
Unspecified depreciations of which admin costs |
7.600.000,- |
|
Bank overdraft granted |
310.000.000,- |
|
Floating charges |
634.400.000,- |
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Total pledged assets |
634.400.000,- |
|
Other contingent liabilities |
22.900.000,- |
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Total contingent liabilities. |
22.900.000,- |
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Equity/assets ratio |
37,- |
|
Acid-test ratio |
50,- |
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Return on assets |
13,- |
|
Average interest on debt |
-1,- |
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Cash flow as percentage of total liabilities |
22,- |
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Debt/equity ratio |
165,- |
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Current ratio |
139,- |
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Return on equity |
33,- |
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Self-financing rate |
781,- |
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Interest coverage ratio |
17,- |
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Inventory turnover rate (times/year) |
5,- |
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Risk buffer |
12,- |
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Labour costs as percentage of turnover |
-15,- |
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Capital turnover rate (times/year) |
2,- |
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Working capital as percentage of turnover |
8,- |
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Inventory as percentage of turnover |
18,- |
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Current liabilities as percentage of turnover |
21,- |
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Credit period granted |
2,- |
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Turnover per employee in SEK thousands |
1.746.000,- |
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Cash flow as percentage of financial expenses |
1.817,- |
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Solvency margin |
40,- |
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Structure of financial fixed assets |
17,- |
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Tangible fixed assets structure |
82,- |
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Risk ratio |
3,- |
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Credit period received |
18,- |
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Gross margin |
6,- |
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Operating margin |
5,- |
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Net margin |
4,- |
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Corporate
balance sheet for the year: 01 January 2006 - 31 December 2006 in
SEK |
|
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Plant, machinery and equipment |
388.500.000,- |
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Total tangible fixed assets |
388.500.000,- |
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Loans, shares and participations |
82.300.000,- |
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Total financial fixed assets |
82.300.000,- |
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Total fixed assets |
470.800.000,- |
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Inventories and work in progress (incl. prepayments) |
993.900.000,- |
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Accounts receivable (trade) |
51.500.000,- |
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Receivables from affiliates and companies in which participations are
held |
59.300.000,- |
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Cash in hand and at bank |
216.000.000,- |
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Total Current assets |
1.529.500.000,- |
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Total assets incl. prepaid expenses and accrued income |
2.000.300.000,- |
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Issued (subscribed) capital |
112.500.000,- |
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Statutory reserves |
22.500.000,- |
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Profit or loss carried forward |
275.200.000,- |
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Profit or loss for the financial year |
201.000.000,- |
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Total equity (Shareholders' funds) |
611.200.000,- |
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Total provisions |
106.700.000,- |
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Current accounts payable (trade) |
388.800.000,- |
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Current payables to affiliated companies and to companies in which
participations are held |
152.200.000,- |
|
Total current liabilities |
1.127.400.000,- |
|
Total liabilities |
1.127.400.000,- |
|
Total equity, provisions, liabilities, accrued expenses and deferred
income |
2.000.300.000,- |
|
Number of employees |
3.031,- |
|
Salaries board/Managing Director |
5.500.000,- |
|
Salaries to others |
807.400.000,- |
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Total salaries |
812.900.000,- |
|
Total salaries and remunerations |
812.900.000,- |
|
Social security expenses |
332.800.000,- |
|
Unspecified depreciations |
85.800.000,- |
|
Unspecified depreciations of which goods sold |
9.200.000,- |
|
Unspecified depreciations of which sell costs |
73.700.000,- |
|
Unspecified depreciations of which admin costs |
2.900.000,- |
|
Bank overdraft granted |
510.000.000,- |
|
Floating charges |
634.400.000,- |
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Total pledged assets |
634.400.000,- |
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Other contingent liabilities |
24.000.000,- |
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Total contingent liabilities. |
24.000.000,- |
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Equity/assets ratio |
35,- |
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Acid-test ratio |
47,- |
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Return on assets |
15,- |
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Average interest on debt |
-1,- |
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Cash flow as percentage of total liabilities |
24,- |
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Debt/equity ratio |
178,- |
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Current ratio |
135,- |
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Return on equity |
40,- |
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Self-financing rate |
1.249,- |
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Interest coverage ratio |
20,- |
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Inventory turnover rate (times/year) |
5,- |
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Risk buffer |
14,- |
|
Labour costs as percentage of turnover |
-15,- |
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Capital turnover rate (times/year) |
2,- |
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Working capital as percentage of turnover |
7,- |
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Inventory as percentage of turnover |
19,- |
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Current liabilities as percentage of turnover |
21,- |
|
Credit period granted |
2,- |
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Turnover per employee in SEK thousands |
1.713.000,- |
|
Cash flow as percentage of financial expenses |
1.986,- |
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Solvency margin |
38,- |
|
Structure of financial fixed assets |
17,- |
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Tangible fixed assets structure |
82,- |
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Risk ratio |
3,- |
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Credit period received |
19,- |
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Gross margin |
7,- |
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Operating margin |
5,- |
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Net margin |
5,- |
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Corporate
balance sheet for the year: 01 January 2005 - 31 December 2005 in
SEK |
|
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Plant, machinery and equipment |
364.500.000,- |
|
Total tangible fixed assets |
364.500.000,- |
|
Loans, shares and participations |
82.200.000,- |
|
Total financial fixed assets |
82.300.000,- |
|
Total fixed assets |
446.800.000,- |
|
Inventories and work in progress (incl. prepayments) |
976.500.000,- |
|
Accounts receivable (trade) |
39.400.000,- |
|
Receivables from affiliates and companies in which participations are
held |
71.000.000,- |
|
Cash in hand and at bank |
108.300.000,- |
|
Total Current assets |
1.394.000.000,- |
|
Total assets incl. prepaid expenses and accrued income |
1.840.800.000,- |
|
Issued (subscribed) capital |
112.500.000,- |
|
Statutory reserves |
22.500.000,- |
|
Profit or loss carried forward |
374.400.000,- |
|
Profit or loss for the financial year |
140.300.000,- |
|
Total equity (Shareholders' funds) |
518.200.000,- |
|
Total provisions |
108.500.000,- |
|
Bank overdraft granted of which bank overdraft utilized |
10.800.000,- |
|
Current liabilities to credit institutions |
10.800.000,- |
|
Current accounts payable (trade) |
432.700.000,- |
|
Current payables to affiliated companies and to companies in which
participations are held |
125.000.000,- |
|
Total current liabilities |
1.072.200.000,- |
|
Total liabilities |
1.072.200.000,- |
|
Total equity, provisions, liabilities, accrued expenses and deferred
income |
1.840.800.000,- |
|
Number of employees |
2.979,- |
|
Salaries board/Managing Director |
5.100.000,- |
|
Salaries to others |
744.400.000,- |
|
Total salaries |
749.500.000,- |
|
Total salaries and remunerations |
749.500.000,- |
|
Social security expenses |
332.700.000,- |
|
Unspecified depreciations |
77.800.000,- |
|
Unspecified depreciations of which goods sold |
4.900.000,- |
|
Unspecified depreciations of which sell costs |
61.100.000,- |
|
Unspecified depreciations of which admin costs |
11.800.000,- |
|
Bank overdraft granted |
510.000.000,- |
|
Floating charges |
634.400.000,- |
|
Total pledged assets |
634.400.000,- |
|
Other contingent liabilities |
24.000.000,- |
|
Total contingent liabilities. |
24.000.000,- |
|
Equity/assets ratio |
33,- |
|
Acid-test ratio |
38,- |
|
Return on assets |
9,- |
|
Average interest on debt |
-1,- |
|
Cash flow as percentage of total liabilities |
15,- |
|
Debt/equity ratio |
198,- |
|
Current ratio |
130,- |
|
Return on equity |
25,- |
|
Self-financing rate |
363,- |
|
Interest coverage ratio |
12,- |
|
Inventory turnover rate (times/year) |
4,- |
|
Risk buffer |
8,- |
|
Labour costs as percentage of turnover |
-15,- |
|
Capital turnover rate (times/year) |
2,- |
|
Working capital as percentage of turnover |
6,- |
|
Inventory as percentage of turnover |
20,- |
|
Current liabilities as percentage of turnover |
22,- |
|
Credit period granted |
2,- |
|
Turnover per employee in SEK thousands |
1.596.000,- |
|
Cash flow as percentage of financial expenses |
1.354,- |
|
Solvency margin |
35,- |
|
Structure of financial fixed assets |
18,- |
|
Tangible fixed assets structure |
81,- |
|
Risk ratio |
4,- |
|
Credit period received |
21,- |
|
Gross margin |
5,- |
|
Operating margin |
3,- |
|
Net margin |
3,- |
|
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Corporate profit
and loss account for the year: 01 January 2007 - 31 December 2007
in SEK |
|
|
|
|
|
Main revenue (sales/turnover) |
5.563.500.000,- |
|
Total operating income/revenue |
5.563.500.000,- |
|
Cost of materials (type of expenditure format) |
-3.042.900.000,- |
|
Total operating expenses |
-5.276.800.000,- |
|
Gross profit or loss after cost of materials or after cost of goods
sold |
2.520.600.000,- |
|
Depreciations |
-94.600.000,- |
|
Operating profit or loss |
286.700.000,- |
|
Financial income |
3.900.000,- |
|
Financial expenses |
-16.300.000,- |
|
Result of ordinary operations |
274.300.000,- |
|
Pre-tax and pre-appropriation profit or loss |
274.300.000,- |
|
Appropriations |
-18.600.000,- |
|
Taxes |
-72.700.000,- |
|
Net profit or loss |
183.000.000,- |
|
|
|
|
Corporate profit
and loss account for the year: 01 January 2006 - 31 December 2006
in SEK |
|
|
|
|
|
Main revenue (sales/turnover) |
5.193.900.000,- |
|
Total operating income/revenue |
5.193.900.000,- |
|
Cost of materials (type of expenditure format) |
-2.833.000.000,- |
|
Total operating expenses |
-4.888.700.000,- |
|
Gross profit or loss after cost of materials or after cost of goods
sold |
2.360.900.000,- |
|
Depreciations |
-85.800.000,- |
|
Operating profit or loss |
305.200.000,- |
|
Financial income |
3.300.000,- |
|
Financial expenses |
-15.100.000,- |
|
Result of ordinary operations |
293.400.000,- |
|
Pre-tax and pre-appropriation profit or loss |
293.400.000,- |
|
Appropriations |
-13.100.000,- |
|
Taxes |
-79.300.000,- |
|
Net profit or loss |
201.000.000,- |
|
Corporate profit
and loss account for the year: 01 January 2005 - 31 December 2005
in SEK |
|
|
|
|
|
Main revenue (sales/turnover) |
4.754.900.000,- |
|
Total operating income/revenue |
4.754.900.000,- |
|
Cost of materials (type of expenditure format) |
-2.684.300.000,- |
|
Total operating expenses |
-4.588.300.000,- |
|
Gross profit or loss after cost of materials or after cost of goods
sold |
2.070.600.000,- |
|
Depreciations |
-77.800.000,- |
|
Operating profit or loss |
166.600.000,- |
|
Financial income |
2.600.000,- |
|
Financial expenses |
-13.100.000,- |
|
Result of ordinary operations |
156.100.000,- |
|
Pre-tax and pre-appropriation profit or loss |
156.100.000,- |
|
Appropriations |
40.600.000,- |
|
Taxes |
-56.400.000,- |
|
Net profit or loss |
140.300.000,- |
|
|
|
|
Turnover for the period: 01 January 2007 - 31 December 2007
in SEK 5.563.500.000,00 |
|
|
Not consolidated profit and loss turnover of the business: Figure
given by an official source: |
|
|
|
|
|
Turnover for the period: 01 January 2006 - 31 December 2006
in SEK 5.193.900.000,00 |
|
|
Not consolidated profit and loss turnover of the
business: Figure given by an official source: |
|
|
|
|
|
Turnover for the period: 01 January 2005 - 31 December 2005
in SEK 4.754.900.000,00 |
|
|
Not consolidated profit and loss turnover of the
business: Figure given by an official source: |
|
FOREIGN EXCHANGE
RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.48.01 |
|
UK Pound |
1 |
Rs.84.16 |
|
Euro |
1 |
Rs.65.20 |
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. |
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%)