MIRA
INFORM REPORT
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Report Date : |
12.01.2011 |
IDENTIFICATION DETAILS
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Name : |
NORDIC BIKE AKTIEBOLAG |
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Registered Office : |
Gustavslundsvägen 12 16751 Bromma Stockholm |
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Country : |
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Financials (as on) : |
31.12.2009 |
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Date of Incorporation : |
20.07.1983 |
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Com. Reg. No.: |
5562321793 |
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Legal Form : |
Private Companies AB |
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Line of Business : |
Sales of bicycles, bicycle accessories and fitness products and also engage in related activities |
RATING & COMMENTS
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MIRA’s Rating : |
A |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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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Maximum Credit Limit : |
(KSEK)
4,250 |
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Status : |
Good |
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Payment Behaviour : |
No Complaints |
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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 – June 30, 2010
|
Country Name |
Previous Rating (01.04.2010) |
Current Rating (30.06.2010) |
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A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Company
Summary
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Company Details |
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Company Name |
Nordic Bike Aktiebolag |
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Registered Number |
5562321793 |
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Address |
Gustavslundsvägen 12 |
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Town |
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PostCode |
16751 BROMMA |
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Region |
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Telephone |
08-802140 |
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Fax |
- |
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Legal Form |
A2 |
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Currency |
KSEK (all financial data is in thousands) |
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Share Capital |
1,000 |
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Registration Date |
20/07/1983 |
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Email |
|
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Web Address |
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Company Type |
Private Companies AB |
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Credit Information Summary |
|
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Company Status |
Active |
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Credit Limit (KSEK) |
4,250 |
|
Purchase Limit |
20,100 |
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Date of Latest Accounts |
31/12/2009 |
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Net Sales |
80,437 |
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Profit After Financial Items |
12,701 |
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Net Worth |
10,820 |
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Court Data Summary |
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Record of Non-Payment |
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Number Of CCJs |
0 |
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Number Of Taxation Claims |
0 |
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Number Of Payment Applications |
0 |
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Debt Balance at Kronofogdemyndigheten |
|
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Balance Single (KSEK) |
0 |
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Balance Common ROP (KSEK) |
0 |
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Total (KSEK) |
0 |
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Number Single |
0 |
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Number Common |
0 |
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Total Number |
0 |
Additional
Information
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Company Details |
|
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Company Number |
5562321793 |
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Company Name |
Nordic Bike Aktiebolag |
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Activity Description |
The
company will engage in sales of
bicycles, bicycle accessories and fitness
products and also
engage in related activities. In
addition, the company owning
and managing property. |
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Trade Code |
46491 |
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Trade Description |
Sport- & fritidsartiklar, partih |
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Taxes & Charges |
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Registered FTax |
Yes |
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Registered VAT |
Yes |
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Registered Employee Tax |
Yes |
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Other Information |
|
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Accountant Audited (YES/NO) |
Yes |
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Employees |
1 |
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Floating Charge |
36000 |
Accounts
& Ratios
|
Period |
|||||
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Company Number |
5562321793 |
Changes |
5562321793 |
Changes |
5562321793 |
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Accounts End
Date |
2009-12-31T00:00:00 |
% |
2008-12-31T00:00:00 |
% |
2007-12-31T00:00:00 |
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Number Of Months
|
12 |
- |
12 |
- |
12 |
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Currency |
KSEK |
- |
KSEK |
- |
KSEK |
|
Profit &
Loss |
|||||
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Turnover |
80,437 |
-31.0% |
116,502 |
25.7% |
92,685 |
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Total Operating
Expenses |
66,107 |
-27.8% |
91,597 |
30.4% |
70,223 |
|
Operating Result |
14,330 |
-42.5% |
24,905 |
10.9% |
22,462 |
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Total Financial
Income |
4 |
103.3% |
-122 |
96.4% |
-3,375 |
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Total Financial
Expenses |
1,633 |
-41.1% |
2,772 |
15.2% |
2,407 |
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Profit Loss
After Financial Items |
12,701 |
-42.3% |
22,011 |
32.0% |
16,681 |
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Taxation |
3,024 |
-55.6% |
6,804 |
7.3% |
6,342 |
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Group Contribute |
0 |
- |
0 |
- |
0 |
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Extraordinary
Items |
0 |
- |
0 |
- |
0 |
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Other
Appropriations |
0 |
- |
0 |
- |
0 |
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Minority
Interest And Profit |
0 |
- |
0 |
- |
0 |
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Net Result |
9,676 |
-36.4% |
15,207 |
47.1% |
10,338 |
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Other
Information |
|||||
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- Employee Costs |
478 |
-7.9% |
519 |
-8.3% |
566 |
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- Dividends |
0 |
- |
0 |
- |
0 |
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Balance Sheet |
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Accounts End Date |
2009-12-31T00:00:00 |
% |
2008-12-31T00:00:00 |
% |
2007-12-31T00:00:00 |
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Number Of Months |
12 |
|
12 |
|
12 |
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Currency |
KSEK |
- |
KSEK |
- |
KSEK |
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Intangible Fixed Assets |
0 |
- |
0 |
- |
0 |
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- Goodwill |
0 |
- |
0 |
- |
0 |
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- Other Intangible Assets |
0 |
- |
0 |
- |
0 |
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Tangible Fixed Assets |
1,093 |
-75.7% |
4,493 |
-20.6% |
5,661 |
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- Land And Buildings |
0 |
- |
0 |
- |
0 |
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- Plant And Machinery |
0 |
- |
0 |
- |
0 |
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- Other Tangible Fixed Assets |
1,093 |
-75.7% |
4,493 |
-20.6% |
5,661 |
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Financial Fixed Assets |
436 |
0.0% |
436 |
0.0% |
436 |
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Total Fixed Assets |
1,529 |
-69.0% |
4,929 |
-19.2% |
6,097 |
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Inventories |
32,368 |
27.5% |
25,389 |
-19.1% |
31,367 |
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Trade Accounts Receivable |
1,610 |
-91.0% |
17,862 |
251.6% |
5,080 |
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- Cash |
172 |
911.8% |
17 |
88.9% |
9 |
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- Miscellaneous Current Assets |
7,589 |
-57.2% |
17,732 |
-43.0% |
31,114 |
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Total Current Assets |
41,739 |
-31.6% |
61,000 |
-9.7% |
67,570 |
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Current Liabilities |
|||||
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- Trade Creditors |
15,029 |
-11.5% |
16,980 |
8.7% |
15,626 |
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- Short Term Group Loans |
3,236 |
111.9% |
1,527 |
-84.8% |
10,036 |
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- Other Short Term Loans |
10,893 |
-21.9% |
13,955 |
26.9% |
11,000 |
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- Miscellaneous Current Liabilities |
789 |
-96.1% |
20,348 |
16.7% |
17,437 |
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Total Current Liabilities |
29,947 |
-43.3% |
52,810 |
-2.4% |
54,099 |
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Long Term Debts |
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- Long Term Group Loans |
0 |
- |
0 |
- |
0 |
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- Other Long Term Loans |
2,500 |
-28.6% |
3,500 |
-54.3% |
7,660 |
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- Other Long Term Liabilities |
0 |
- |
0 |
- |
0 |
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Total Long Term Debts |
2,500 |
-28.6% |
3,500 |
-54.3% |
7,660 |
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Shareholders Equity |
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Issued Share Capital |
1,000 |
0.0% |
1,000 |
0.0% |
1,000 |
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Share Premium Account |
0 |
- |
0 |
- |
0 |
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Other Share Capital And Reserves |
9,820 |
13.9% |
8,619 |
-21.0% |
10,907 |
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Revaluation Reserve |
0 |
- |
0 |
- |
0 |
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Shareholders Equity |
10,820 |
12.5% |
9,619 |
-19.2% |
11,907 |
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Working Capital |
11,792 |
44.0% |
8,190 |
-39.2% |
13,471 |
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Net Worth |
10,820 |
12.5% |
9,619 |
-19.2% |
11,907 |
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Ratios Analysis |
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Return On Capital |
1.17 |
-48.7% |
2.29 |
63.3% |
1.40 |
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Return On Capital Employed |
0.33 |
-12.0% |
0.38 |
45.2% |
0.26 |
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Profit Margin |
0.18 |
-16.8% |
0.21 |
-11.6% |
0.24 |
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Gross Profit Margin |
0.20 |
-32.8% |
0.30 |
-2.3% |
0.31 |
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Capital Turnover |
1.86 |
5.2% |
1.77 |
40.5% |
1.26 |
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Solidity |
0.25 |
71.2% |
0.15 |
-9.9% |
0.16 |
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Rate Of Return |
8.78 |
-2.3% |
8.99 |
-3.7% |
9.33 |
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Acid Test Ratio |
0.31 |
-53.6% |
0.67 |
0.7% |
0.67 |
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Inventory Turnover |
1.89 |
-28.8% |
2.66 |
32.4% |
2.01 |
|
Average Payment Period |
5.85 |
-86.9% |
44.77 |
179.7% |
16.00 |
|
Turnover / Employee |
80,437.00 |
-31.0% |
116,502.00 |
25.7% |
92,685.00 |
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Average Debt Equity Ratio |
0.05 |
2.0% |
0.05 |
25.6% |
0.04 |
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Cash Flow From Operation |
0.12 |
-13.5% |
0.14 |
24.8% |
0.11 |
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Accounts Receivable Turnover |
42.52 |
605.6% |
6.03 |
-65.8% |
17.63 |
Record
of Payment / Debt Balance
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Company CCJ's |
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No CCJ's for this company. |
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Company Tax Charges |
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No CCJ's for this company. |
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Company Debt Balance |
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No company debt balance for this company. |
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Event
History
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Event Date |
Event Description |
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10/09/2010 |
New annual account |
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10/09/2010 |
Credit limit increase |
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01/09/2010 |
New annual report (PDF) |
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20/07/2009 |
New annual account |
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20/07/2009 |
Credit limit decrease |
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09/07/2009 |
New annual report (PDF) |
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20/05/2009 |
Board changed |
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14/03/2008 |
New annual account |
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28/11/2007 |
New annual account |
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16/11/2007 |
Manual rating |
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16/11/2007 |
New annual account |
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20/10/2006 |
Board changed |
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20/10/2006 |
Change in company representatives |
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20/10/2006 |
Authorised signatory changed |
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28/09/2006 |
New annual account |
Group
Structure
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Ultimate Parent Company |
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Ultimate Parent Company |
NORDIC BIKE HOLDING AKTIEBOLAG |
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Companies in Group |
7 |
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Company Name |
Company Number |
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NORDIC BIKE HOLDING AKTIEBOLAG |
Foreign (SE) |
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-NORDIC BIKE AKTIEBOLAG |
Foreign (SE) |
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CYKELRINGEN AKTIEBOLAG |
Foreign (SE) |
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MÄLARCYKEL I VÄSTERÅS AKTIEBOLAG |
Foreign (SE) |
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NOCKEBY KROG AKTIEBOLAG |
Foreign (SE) |
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NORDIC BIKE OY |
Foreign (FI) |
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PÅGACYKEL I MALMÖ AB |
Foreign (SE) |
Directors
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Director |
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Company Number |
5562321793 |
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Person Number |
6008130095 |
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Person Name |
Duhrin, Göran Arne |
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From Date |
19/10/2006 |
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To Date |
// |
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Person Function |
Ledamot |
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Director |
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Company Number |
5562321793 |
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Person Number |
6405187839 |
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Person Name |
Edlund, Karl Thomas Anders |
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From Date |
19/10/2006 |
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To Date |
// |
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Person Function |
Suppleant |
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FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.45.32 |
|
|
1 |
Rs.70.54 |
|
Euro |
1 |
Rs.58.70 |
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 |
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-- |
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.