MIRA INFORM
REPORT
|
Report Date : |
27.01.2011 |
IDENTIFICATION DETAILS
|
Correct Name : |
GINA TRICOT AB |
|
|
|
|
Registered Office : |
|
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2009 |
|
|
|
|
Date of Incorporation : |
23.10.1996 |
|
|
|
|
Com. Reg. No.: |
5565348843 |
|
|
|
|
Legal Form : |
Private Companies |
|
|
|
|
Line of Business : |
The company's operations
will be to engage in trade and consulting in the textile and clothing and to
carry on thus compatible activities |
RATING & COMMENTS
|
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 |
|
Maximum Credit Limit : |
(KSEK) 100,000 |
|
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 – June 30, 2010
|
Country Name |
Previous Rating (01.04.2010) |
Current Rating (30.06.2010) |
|
|
a1 |
1a |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
Company Summary
|
Company Details |
|
|
Company Name |
Gina Tricot AB |
|
Registered
Number |
5565348843 |
|
Address |
|
|
Town |
BORÅS |
|
PostCode |
50110 BORÅS |
|
Region |
VÄSTRA GÖTALAND |
|
Telephone |
033-7991900 |
|
Fax |
033-7991989 |
|
Legal Form |
A2 |
|
Currency |
KSEK (all
financial data is in thousands) |
|
Share Capital |
10,519 |
|
Registration
Date |
23/10/1996 |
|
Email |
|
|
Web Address |
|
|
Company Type |
Privat aktiebolag
AB (Private Companies AB) |
|
Credit
Information Summary |
|
|
Company Status |
Active |
|
Credit Rating
Description |
Very good credit
worthiness |
|
Credit Limit
(KSEK) |
100,000 |
|
Purchase Limit |
458,800 |
|
Date of Latest
Accounts |
31/12/2009 |
|
Net Sales |
1,835,303 |
|
Profit After
Financial Items |
300,332 |
|
Net Worth |
370,281 |
|
Court Data
Summary |
|
|
Record of
Non-Payment |
|
|
Number Of CCJs |
0 |
|
Number Of
Taxation Claims |
0 |
|
Number Of
Payment Applications |
0 |
|
Debt Balance at
Kronofogdemyndigheten |
|
|
Balance Single
(KSEK) |
0 |
|
Balance Common
ROP (KSEK) |
0 |
|
Total (KSEK) |
0 |
|
Number Single |
0 |
|
Number Common |
0 |
|
Total Number |
0 |
Additional Information
|
Company Details |
|
|
Company Number |
5565348843 |
|
Company Name |
Gina Tricot AB |
|
Activity
Description |
Bolagets
verksamhet ska vara att idka handels- och konsultverksamhet inom textil och
konfektion samt att idka därmed förenliga verksamheter. (The company's operations will be to engage in trade and consulting in the textile and clothing and to carry on thus compatible activities.) |
|
Trade Code |
46420 |
|
Trade
Description |
Kläder & skor,
partihandel |
|
Taxes &
Charges |
|
|
Registered Tax |
Yes |
|
Registered VAT |
Yes |
|
Registered
Employee Tax |
Yes |
|
Other
Information |
|
|
Accountant
Audited (YES/NO) |
Yes |
|
Employees |
544 |
|
Floating Charge |
13000 |
Accounts
& Ratios
|
Period |
|||||
|
Company Number |
5565348843 |
Changes |
5565348843 |
Changes |
5565348843 |
|
Accounts End
Date |
2009-12-31T00:00:00 |
% |
2008-12-31T00:00:00 |
% |
2007-12-31T00:00:00 |
|
Number Of
Months |
12 |
- |
12 |
- |
12 |
|
Currency |
KSEK |
- |
KSEK |
- |
KSEK |
|
Profit &
Loss |
|||||
|
Turnover |
1,835,303 |
15.8% |
1,585,396 |
47.8% |
1,072,952 |
|
Total Operating
Expenses |
1,529,739 |
9.9% |
1,392,222 |
55.9% |
893,085 |
|
Operating
Result |
305,564 |
58.2% |
193,174 |
7.4% |
179,867 |
|
Total Financial
Income |
834 |
-73.0% |
3,094 |
91.7% |
1,614 |
|
Total Financial
Expenses |
6,065 |
-59.2% |
14,875 |
42.6% |
10,431 |
|
Profit Loss
After Financial Items |
300,332 |
65.6% |
181,394 |
6.0% |
171,050 |
|
Taxation |
59,741 |
53.7% |
38,862 |
-15.5% |
46,009 |
|
Group
Contribute |
0 |
- |
0 |
- |
0 |
|
Extraordinary
Items |
0 |
- |
0 |
- |
0 |
|
Other Appropriations |
-82,591 |
-69.1% |
-48,846 |
-532.7% |
-7,720 |
|
Minority
Interest And Profit |
0 |
- |
0 |
- |
0 |
|
Net Result |
158,001 |
68.6% |
93,686 |
-20.1% |
117,322 |
|
Other
Information |
|||||
|
- Employee
Costs |
54,521 |
-12.2% |
62,090 |
36.5% |
45,477 |
|
- Dividends |
0 |
- |
0 |
- |
0 |
|
Balance Sheet |
|||||
|
Accounts End
Date |
2009-12-31T00:00:00 |
% |
2008-12-31T00:00:00 |
% |
2007-12-31T00:00:00 |
|
Number Of
Months |
12 |
|
12 |
|
12 |
|
Currency |
KSEK |
- |
KSEK |
- |
KSEK |
|
Intangible
Fixed Assets |
147,738 |
-3.0% |
152,377 |
4.5% |
145,853 |
|
- Goodwill |
100,887 |
-10.7% |
113,035 |
-5.0% |
118,984 |
|
- Other
Intangible Assets |
46,851 |
19.1% |
39,342 |
46.4% |
26,869 |
|
Tangible Fixed
Assets |
91,503 |
-40.6% |
153,937 |
45.1% |
106,112 |
|
- Land And
Buildings |
0 |
- |
0 |
- |
0 |
|
- Plant And
Machinery |
0 |
- |
0 |
- |
0 |
|
- Other
Tangible Fixed Assets |
91,503 |
-40.6% |
153,937 |
45.1% |
106,112 |
|
Financial Fixed
Assets |
1,878 |
5.6% |
1,778 |
73.8% |
1,023 |
|
Total Fixed
Assets |
241,120 |
-21.7% |
308,093 |
21.8% |
252,988 |
|
Inventories |
165,104 |
21.0% |
136,475 |
98.7% |
68,698 |
|
Trade Accounts
Receivable |
29,559 |
7.4% |
27,515 |
187.2% |
9,582 |
|
- Cash |
89,802 |
-26.2% |
121,604 |
-19.6% |
151,184 |
|
- Miscellaneous
Current Assets |
407,425 |
161.3% |
155,937 |
155.4% |
61,067 |
|
Total Current
Assets |
691,890 |
56.7% |
441,531 |
52.0% |
290,531 |
|
|
|||||
|
Current
Liabilities |
|||||
|
- Trade
Creditors |
104,128 |
31.5% |
79,203 |
113.0% |
37,185 |
|
- Short Term
Group Loans |
0 |
- |
0 |
- |
0 |
|
- Other Short
Term Loans |
30,000 |
-64.7% |
85,000 |
183.3% |
30,000 |
|
- Miscellaneous
Current Liabilities |
118,053 |
10.1% |
107,257 |
-3.3% |
110,960 |
|
Total Current Liabilities |
252,181 |
-7.1% |
271,460 |
52.4% |
178,145 |
|
Long Term
Debts |
|||||
|
- Long Term
Group Loans |
0 |
- |
0 |
- |
0 |
|
- Other Long
Term Loans |
160,000 |
-15.8% |
190,000 |
-13.6% |
220,000 |
|
- Other Long
Term Liabilities |
0 |
- |
0 |
- |
0 |
|
Total Long Term
Debts |
160,000 |
-15.8% |
190,000 |
-13.6% |
220,000 |
|
Shareholders
Equity |
|||||
|
Issued Share
Capital |
10,519 |
0.0% |
10,519 |
1,926.8% |
519 |
|
Share Premium
Account |
0 |
- |
0 |
- |
0 |
|
Other Share
Capital And Reserves |
359,977 |
73.8% |
207,073 |
67.0% |
123,969 |
|
Revaluation
Reserve |
0 |
- |
0 |
- |
0 |
|
Shareholders
Equity |
518,019 |
83.4% |
282,524 |
101.0% |
140,574 |
|
|
|||||
|
Working Capital |
439,709 |
158.5% |
170,071 |
51.3% |
112,386 |
|
Net Worth |
370,281 |
184.5% |
130,147 |
2,565.4% |
-5,279 |
|
|
|||||
|
Ratios Analysis |
|||||
|
|
|||||
|
Return On
Capital |
0.63 |
-8.2% |
0.69 |
-45.4% |
1.26 |
|
Return On
Capital Employed |
0.33 |
25.2% |
0.26 |
-21.6% |
0.33 |
|
Profit Margin |
0.17 |
36.1% |
0.12 |
-27.4% |
0.17 |
|
Gross Profit
Margin |
0.52 |
-6.8% |
0.56 |
-1.9% |
0.57 |
|
Capital
Turnover |
1.97 |
-7.0% |
2.12 |
7.1% |
1.97 |
|
Solidity |
0.51 |
44.8% |
0.35 |
41.2% |
0.25 |
|
Rate Of Return |
50.52 |
282.9% |
13.19 |
-24.1% |
17.39 |
|
|
|||||
|
Acid Test Ratio |
2.09 |
85.9% |
1.12 |
-9.7% |
1.25 |
|
Inventory
Turnover |
5.61 |
-13.3% |
6.48 |
-42.0% |
11.17 |
|
Average Payment
Period |
4.70 |
-7.2% |
5.07 |
94.3% |
2.61 |
|
Turnover /
Employee |
3,373.72 |
51.3% |
2,229.81 |
-7.3% |
2,405.72 |
|
Average Debt
Equity Ratio |
0.01 |
-58.1% |
0.03 |
19.2% |
0.03 |
|
Cash Flow From
Operation |
0.15 |
27.5% |
0.12 |
-12.4% |
0.14 |
|
Accounts
Receivable Turnover |
59.88 |
9.2% |
54.85 |
-49.7% |
109.14 |
|
Industry
Comparison |
|
|
Activity Code |
46420 |
|
Activity
Description |
Kläder & skor,
partihandel |
|
Industry
Average Credit Rating |
68 |
|
Industry
Average Credit Limit |
555 |
Record
of Payment / Debt Balance
|
Company CCJ's |
|
|
No CCJ's for this
company. |
|
|
Company Tax
Charges |
|
|
No CCJ's for this
company. |
|
|
Company Debt
Balance |
|
|
No company debt
balance for this company. |
|
Event
History
|
Event Date |
Event
Description |
|
11/08/2010 |
New Address |
|
06/08/2010 |
New annual account |
|
20/07/2010 |
New annual report
(PDF) |
|
20/07/2010 |
Board changed |
|
20/07/2010 |
Authorised
signatory changed |
|
20/07/2010 |
Change in company
representatives |
|
14/07/2009 |
New annual account |
|
06/07/2009 |
New annual report
(PDF) |
|
19/08/2008 |
Authorised
signatory changed |
|
19/08/2008 |
Board changed |
|
19/08/2008 |
New annual account |
|
19/08/2008 |
Company business
activity |
|
19/08/2008 |
Change in company
representatives |
|
06/08/2008 |
New annual report
(PDF) |
|
22/12/2007 |
Company merge
procedures |
|
21/12/2007 |
Company merge
procedures |
|
20/12/2007 |
Company merge
procedures |
|
16/10/2007 |
Company merge
procedures |
|
10/10/2007 |
Company merge
procedures |
|
10/09/2007 |
Company merge
procedures |
|
09/08/2007 |
Company merge
procedures |
|
05/07/2007 |
Change in company
representatives |
|
05/07/2007 |
Board changed |
|
05/07/2007 |
Authorised
signatory changed |
|
03/07/2007 |
Company merge
procedures |
|
28/05/2007 |
New annual account |
|
04/05/2006 |
New annual account |
Group
Structure
|
Ultimate Parent
Company |
|
|
Ultimate Parent
Company |
JA APPELQVIST
HOLDING AB |
|
Companies in
Group |
10 |
|
Company Name |
Company Number |
|
JA APPELQVIST
HOLDING AB |
Foreign (SE) |
|
-GINA TRICOT AB |
Foreign (SE) |
|
FASTIGHETS AB
BRODAL |
Foreign (SE) |
|
GINA TRICOT A/S |
Foreign (DK) |
|
GINA TRICOT AS |
Foreign (NO) |
|
GINA TRICOT OY |
Foreign (FI) |
|
JA APPELQVIST
INVEST AB |
Foreign (SE) |
|
-Gina Tricot
Retail Aktiebolag |
Foreign (SE) |
|
Borås Försäkring
& Fond |
Foreign (SE) |
|
Köpmannen i |
Foreign (SE) |
Directors
|
Director |
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Company Number |
5565348843 |
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Person Number |
4810293615 |
||||||||||
|
Person Name |
Appelqvist, Hans
Jörgen |
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From Date |
23/10/1996 |
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To Date |
// |
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Person Function |
Ledamot |
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Director |
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Company Number |
5565348843 |
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Person Number |
5303295694 |
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|
Person Name |
Grebelius, Nils
Lennart |
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|
From Date |
22/12/1999 |
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To Date |
// |
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Person Function |
Ledamot |
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Director |
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Company Number |
5565348843 |
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Person Number |
6101275631 |
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Person Name |
Nilsson, Reidar
Yngve Alfons |
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From Date |
18/08/2008 |
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To Date |
// |
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Person Function |
Suppleant |
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Director |
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Company Number |
5565348843 |
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Person Number |
5105275563 |
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Person Name |
Vinkvist
Appelqvist, Ilse Annette |
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From Date |
23/10/1996 |
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To Date |
// |
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Person Function |
Suppleant |
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Director |
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Company Number |
5565348843 |
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Person Number |
4810293615 |
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|
Person Name |
Appelqvist, Hans
Jörgen |
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From Date |
28/06/2002 |
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To Date |
// |
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Person Function |
Ordförande |
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Director |
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Company Number |
5565348843 |
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Person Number |
4810293615 |
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Person Name |
Appelqvist, Hans
Jörgen |
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From Date |
23/10/1996 |
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To Date |
// |
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Person Function |
Verkställande
direktör |
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Director |
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Company Number |
5565348843 |
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Person Number |
8306145635 |
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Person Name |
Appelqvist, Hans
Victor |
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From Date |
19/07/2010 |
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To Date |
// |
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Person Function |
Extern
firmatecknare |
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Director |
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Company Number |
5565348843 |
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Person Number |
6007145052 |
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|
Person Name |
Swartling, Per
Johan |
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From Date |
04/07/2007 |
||||||||||
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To Date |
// |
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Person Function |
Extern firmatecknare |
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FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.45.53 |
|
|
1 |
Rs.72.78 |
|
Euro |
1 |
Rs.62.14 |
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 |
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.