MIRA INFORM REPORT
|
Report Date : |
16.12.2011 |
IDENTIFICATION DETAILS
|
Name : |
MAX COLLECTION AKTIEBOLAG |
|
|
|
|
Registered Office : |
50646 Borås |
|
|
|
|
Country : |
Sweden |
|
|
|
|
Financials (as on) : |
2010 |
|
|
|
|
Date of Incorporation : |
24.09.1987 |
|
|
|
|
Com. Reg. No.: |
5563065811 |
|
|
|
|
Legal Form : |
Limited liability company |
|
|
|
|
Line of Business : |
Wholesale of clothing and footwear |
|
|
|
|
No. of Employees
: |
24 persons |
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 |
|
Maximum Credit Limit : |
3.600.000 SEK |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment
Behaviour : |
No Complaints |
|
|
|
|
Litigation : |
Clear |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – September 30th, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
Sweden |
a2 |
a2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
REGISTERED NAME & COMPANY
SUMMARY
Company Summary
|
Business Name |
Max
Collection Aktiebolag |
|
Country |
SWEDEN |
|
Company Registration Number |
5563065811 |
|
Main Activity |
Wholesale of clothing and
footwear |
|
Activity Code |
46420 |
|
Company Status |
Active |
|
Latest Turnover Figure |
75.808.000 SEK |
|
Latest Shareholder Equity
Figure |
9.188.000 SEK |
Company Information
|
Basic Information |
|
|
Business Name |
Max Collection Aktiebolag |
|
Registered Company Name |
Max Collection Aktiebolag |
|
Company Registration Number |
5563065811 |
|
Country |
SWEDEN |
|
VAT Registration Number |
SE556306581101 |
|
Date of Company Registration |
24/09/1987 |
|
Legal Form |
Limited liability company |
|
Company Status |
Active |
|
Currency of this Report |
SEK |
|
Principal Activity Description |
Bolaget skall bedriva handel med konfektionsvaror samt därmed förenlig verksamhet. (The company shall trade in clothing and related operations.) |
|
Contact Address |
50646 BORÅS |
|
Contact Telephone Number |
033-208820 |
CREDIT RECOMENDATION
Current Credit Limit: 3.600.000 SEK
DIRECTORS/MANAGEMENT
Directors/Managers
|
Current Directors |
|||
|
Name |
Appointment Date |
Position |
|
|
John Bertil Larsson |
21/05/2007 |
Actual Member of Board |
|
|
Per Neugebauer |
|
Actual Member of Board |
|
|
Bodil Kristina Ann-Charlotte
Forsberg Johansson |
20/11/2001 |
Actual Member of Board |
|
|
Lena Vivi-Anne Thuresson |
01/11/2003 |
Actual Member of Board |
|
|
Previous Directors |
|||
|
Name |
Appointment Date |
Position |
Resignation Date |
|
Bodil Kristina Ann-Charlotte
Forsberg Johansson |
04/11/2005 |
Chairman of Board |
21/05/2007 |
NEGATIVE INFORMATION
Negative Information
|
Debt balance at the Swedish
Enforcement Agency |
|
|
Number of Private Claims |
- |
|
Balance of Private Claims |
- |
|
Number of Public Claims |
- |
|
Balance of Public Claims |
- |
|
Total Balance |
- |
|
Record of non-payment |
|
|
Number of distraint attempts
and repossessions |
- |
|
Number of public claims |
- |
|
Number of private claims |
- |
|
Number of applications for an
order to pay |
- |
|
Number of reclaimed/revoked
applications |
|
SHARE & SHARE CAPITAL
INFORMATION
Share Capital Structure
|
Issued Share Capital |
250.000 SEK |
PAYMENT INFORMATION
Na
GROUP STRUCTURE & AFFILIATED
COMPANIES
Group Structure
|
Ultimate Holding Parent |
|
No information for this
company. |
|
Immediate Holding Parent |
|
No information for this
company. |
|
Subsidary Companies |
||
|
Subsidiary Name |
Country |
Number |
|
Max Fashion AB |
SWEDEN |
5565199030 |
|
Affiliates |
||
|
Affiliate Name |
Country |
Number |
|
No affiliates for this
company. |
|
|
FINANCIAL INFORMATION
Financial Information
|
Profit and Loss |
|||
|
Financial Year |
2010 |
2009 |
2008 |
|
Number of Weeks |
52 |
52 |
52 |
|
Currency |
SEK |
SEK |
SEK |
|
Consolidated Accounts |
N |
N |
N |
|
Revenue |
75.857.000 |
84.761.000 |
107.520.000 |
|
Operating Costs |
74.923.000 |
85.524.000 |
103.857.000 |
|
Operating Profit |
934.000 |
-763.000 |
3.663.000 |
|
Wages & Salaries |
-11.400.000 |
-11.902.000 |
-13.607.000 |
|
Depreciation |
-136.000 |
-181.000 |
-243.000 |
|
Financial Income |
205.000 |
119.000 |
110.000 |
|
Financial Expenses |
-579.000 |
-956.000 |
-1.400.000 |
|
Extraordinary Income |
- |
- |
- |
|
Extraordinary Costs |
-579.000 |
-956.000 |
-1.400.000 |
|
Profit before Tax |
561.000 |
-1.599.000 |
2.374.000 |
|
Tax |
-170.000 |
-32.000 |
-522.000 |
|
Profit after Tax |
561.000 |
-1.599.000 |
2.374.000 |
|
Minority Interests |
- |
- |
- |
|
Other Appropriations |
- |
1.640.000 |
-621.000 |
|
Retained Profit |
391.000 |
9.000 |
1.230.000 |
|
Balance Sheet |
|||
|
Financial Year |
2010 |
2009 |
2008 |
|
Number of Weeks |
52 |
52 |
52 |
|
Currency |
SEK |
SEK |
SEK |
|
Consolidated Accounts |
N |
N |
N |
|
Land & Buildings |
0 |
0 |
0 |
|
Plant & Machinery |
0 |
0 |
0 |
|
Other Tangible Assets |
180.000 |
316.000 |
497.000 |
|
Total Tangible Assets |
180.000 |
316.000 |
497.000 |
|
Goodwill |
0 |
0 |
0 |
|
Other Intangible Assets |
0 |
0 |
0 |
|
Total Intangible Assets |
0 |
0 |
0 |
|
Loans To Group |
0 |
0 |
0 |
|
Other Loans |
0 |
0 |
0 |
|
Miscellaneous Fixed Assets |
80.000 |
80.000 |
80.000 |
|
Total Other Fixed Assets |
80.000 |
80.000 |
80.000 |
|
TOTAL FIXED ASSETS |
260.000 |
396.000 |
577.000 |
|
Work In Progress |
0 |
0 |
0 |
|
Other Inventories |
10.044.000 |
14.338.000 |
23.433.000 |
|
Total Inventories |
10.044.000 |
14.338.000 |
23.433.000 |
|
Trade Receivables |
3.434.000 |
4.286.000 |
5.307.000 |
|
Group Receivables |
0 |
0 |
0 |
|
Miscellaneous Receivables |
1.689.000 |
2.053.000 |
1.728.000 |
|
Total Receivables |
5.123.000 |
6.339.000 |
7.035.000 |
|
Cash |
545.000 |
1.808.000 |
0 |
|
Other Current Assets |
0 |
0 |
0 |
|
TOTAL CURRENT ASSETS |
15.713.000 |
22.485.000 |
30.467.000 |
|
TOTAL ASSETS |
15.973.000 |
22.881.000 |
31.045.000 |
|
Trade Payables |
3.537.000 |
2.512.000 |
4.680.000 |
|
Bank Liabilities |
9.000 |
7.360.000 |
12.161.000 |
|
Group Payables |
120.000 |
120.000 |
120.000 |
|
Miscellaneous Liabilities |
2.999.000 |
3.971.000 |
3.534.000 |
|
TOTAL CURRENT LIABILITIES |
6.665.000 |
13.963.000 |
20.495.000 |
|
Bank Liabilities Due After 1
Year |
0 |
0 |
0 |
|
Other Loans Or Finance Due
After 1 Year |
0 |
0 |
0 |
|
Group Payables After 1 Year |
0 |
0 |
0 |
|
Miscellaneous Liabilities Due
After 1 Year |
121.000 |
121.000 |
1.761.000 |
|
TOTAL LONG TERM LIABILITIES |
121.000 |
121.000 |
1.761.000 |
|
TOTAL LIABILITIES |
6.785.000 |
14.084.000 |
22.257.000 |
|
Called Up Share Capital |
250.000 |
250.000 |
250.000 |
|
Share Premium |
0 |
0 |
0 |
|
Revenue Reserves |
8.888.000 |
8.497.000 |
8.488.000 |
|
Other Reserves |
50.000 |
50.000 |
50.000 |
|
TOTAL SHAREHOLDERS EQUITY |
9.188.000 |
8.797.000 |
8.788.000 |
|
Other Financials |
|||
|
Contingent Liabilities |
0 |
531.000 |
1.132.000 |
|
Working Capital |
9.048.000 |
8.522.000 |
9.972.000 |
|
Net Worth |
9.188.000 |
8.797.000 |
8.788.000 |
|
Ratios |
|||
|
Pre-Tax Profit Margin |
0.74 % |
-1.89 % |
2.21 % |
|
Return On Capital Employed |
2.48 % |
-4.34 % |
4.61 % |
|
Return On Total Assets
Employed |
3.51 % |
-6.99 % |
7.65 % |
|
Return On Net Assets Employed |
6.11 % |
-18.18 % |
27.01 % |
|
Sales/Net Working Capital |
8.38 |
9.95 |
10.78 |
|
Stock Turnover Ratio |
13.24 % |
16.92 % |
21.79 % |
|
Debtor Days |
16.52 |
18.46 |
18.02 |
|
Creditor Days |
17.02 |
10.82 |
15.89 |
|
Current Ratio |
2.36 |
1.61 |
1.49 |
|
Liquidity Ratio/Acid Test |
0.85 |
0.58 |
0.34 |
|
Current Debt Ratio |
0.73 |
1.59 |
2.33 |
|
Gearing |
0.10 % |
83.66 % |
138.38 % |
|
Equity In Percentage |
57.81 % |
38.58 % |
28.38 % |
|
Total Debt Ratio |
0.74 |
1.60 |
2.5 |
FOREIGN EXCHANGE RATES
Na
ADDITIONAL INFORMATION
|
Activities |
|
|
Activity Code |
Activity Description |
|
46420 |
Wholesale of clothing and
footwear |
|
47711 |
Retail sale of men''s,
women''s and children''s clothing in specialised stores |
Contact Information
|
Main Address |
||
|
Address |
Country |
Telephone |
|
Björkhemsgatan 38, 50646
BORÅS |
SWEDEN |
033-208820 |
|
Other Address |
|
|
Address |
Country |
|
No other addresses for this
company. |
|
|
Email Addresses |
|
Web Pages |
Other Information
|
Employee Information |
|
|
Year |
Number of Employees |
|
2010 |
24 |
|
2009 |
26 |
|
2008 |
27 |
|
2007 |
22 |
|
2006 |
19 |
|
Advisors |
|
|
Auditor Name |
Pontus Tonning |
Additional Information
|
Tax Registrations |
|
|
Registered for Tax |
Yes |
|
Registered for VAT |
Yes |
|
Registered for Employee Tax |
Yes |
|
Certificates |
||
|
Type |
Category |
Issuer |
|
No certificate information
for this company. |
|
|
|
Event History |
||
|
Event Date |
Event Description |
|
|
11/05/2011 |
Limit, decrease |
|
|
11/05/2011 |
Annual account, new |
|
|
27/04/2011 |
Annual report (PDF), new |
|
|
30/06/2010 |
Annual account, new |
|
|
30/06/2010 |
Limit, decrease |
|
|
18/06/2010 |
Annual report (PDF), new |
|
|
22/09/2009 |
Annual account, new |
|
|
22/09/2009 |
Limit, increase |
|
|
07/09/2009 |
Annual report (PDF), new |
|
|
04/05/2009 |
Board, changed |
|
|
04/05/2009 |
Company representatives,
changed |
|
|
01/05/2009 |
Company representatives,
changed |
|
|
01/05/2009 |
Board, changed |
|
|
13/08/2008 |
Annual account, new |
|
|
22/07/2008 |
Annual report (PDF), new |
|
|
26/06/2007 |
Annual account, new |
|
|
04/06/2007 |
Board, changed |
|
|
22/05/2007 |
Board, changed |
|
|
22/05/2007 |
Company representatives,
changed |
|
|
22/05/2007 |
Authorised signatory, changed |
|
|
Industry
Comparison |
||
|
Activity
Code |
46420 |
|
|
Activity
Description |
Wholesale of clothing and footwear |
|
NOTES & COMMENTS
Na
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.24 |
|
UK Pound |
1 |
Rs.83.77 |
|
Euro |
1 |
Rs.70.46 |
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 |
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 |
|
---- |
NB |
New Business |
---- |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.