MIRA INFORM REPORT
|
Report Date : |
03.06.2011 |
IDENTIFICATION DETAILS
|
Correct Name : |
P & B HOME FURNITURE AKTIEBOLAG |
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|
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Registered Office : |
Grundbergsvägen 13, 46139 TROLLHÄTTAN |
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Country : |
Sweden |
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Financials (as on) : |
2009 |
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Date of Incorporation : |
26.10.2001 |
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Com. Reg. No.: |
5566173430 |
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|
Legal Form : |
Limited Liability Company |
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|
|
|
Line of Business : |
Agents involved in the sale of furniture, household goods, hardware
and ironmongery |
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 : |
1.150.000 SEK |
|
Status : |
Satisfactory |
|
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 – March 31st, 2011
|
Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
|
Sweden |
a2 |
a2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
|
Off-credit |
D |
Company
Summary
|
Business Name |
P & B Home Furniture Aktiebolag |
|
Country |
SWEDEN |
|
Company
Registration Number |
5566173430 |
|
Main Activity |
Agents involved in the sale of furniture, household goods, hardware
and ironmongery |
|
Activity Code |
46150 |
|
Company Status |
Active |
|
Latest Turnover Figure |
21.126.000 SEK |
|
Latest Shareholder Equity Figure |
2.024.000 SEK |
|
Credit Rating |
79 (1 - 100) |
|
Credit Limit |
1.150.000 SEK |
Company
Information
|
Basic Information |
|
|
Business Name |
P & B Home Furniture Aktiebolag |
|
Registered Company Name |
P & B Home Furniture Aktiebolag |
|
Company Registration Number |
5566173430 |
|
Country |
SWEDEN |
|
VAT Registration Number |
SE556617343001 |
|
Date of Company Registration |
26/10/2001 |
|
Legal Form |
Limited liability company |
|
Company Status |
Active |
|
Currency of this Report |
SEK |
|
Principal Activity Description |
Bolaget skall bedriva handel och import med möbler, heminrednings
artiklar, presentartiklar samt därmed förenlig verksamhet. (The
company will engage in trade and
imports of furniture, home furnishing items, gifts and related
business.) |
|
Contact Address |
46139 TROLLHÄTTAN |
|
Contact Telephone Number |
0520-32506 |
|
Activities |
|
|
Activity Code |
Activity Description |
|
46150 |
Agents involved in the sale of furniture, household goods, hardware
and ironmongery |
Financial
Information
|
Profit and Loss |
|||
|
Financial Year |
2009 |
2008 |
2007 |
|
Number of Weeks |
52 |
52 |
52 |
|
Currency |
SEK |
SEK |
SEK |
|
Consolidated Accounts |
N |
N |
N |
|
Revenue |
21.135.000 |
18.005.000 |
13.087.000 |
|
Operating Costs |
20.246.000 |
16.927.000 |
12.128.000 |
|
Operating Profit |
889.000 |
1.078.000 |
959.000 |
|
Wages & Salaries |
-4.437.000 |
-3.412.000 |
-2.224.000 |
|
Depreciation |
-88.000 |
-86.000 |
-75.000 |
|
Financial Income |
21.000 |
20.000 |
11.000 |
|
Financial Expenses |
-194.000 |
-604.000 |
-374.000 |
|
Extraordinary Income |
- |
- |
- |
|
Extraordinary Costs |
-194.000 |
-604.000 |
-374.000 |
|
Profit before Tax |
715.000 |
494.000 |
595.000 |
|
Tax |
-237.000 |
-229.000 |
-135.000 |
|
Profit after Tax |
715.000 |
494.000 |
595.000 |
|
Minority Interests |
- |
- |
- |
|
Other Appropriations |
- |
172.000 |
-162.000 |
|
Retained Profit |
478.000 |
437.000 |
297.000 |
|
Balance Sheet |
|||
|
Financial Year |
2009 |
2008 |
2007 |
|
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 |
665.000 |
202.000 |
230.000 |
|
Total Tangible Assets |
665.000 |
202.000 |
230.000 |
|
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 |
0 |
0 |
0 |
|
Total Other Fixed Assets |
0 |
0 |
0 |
|
TOTAL FIXED ASSETS |
665.000 |
202.000 |
230.000 |
|
Work In Progress |
0 |
0 |
0 |
|
Other Inventories |
6.542.000 |
5.524.000 |
4.142.000 |
|
Total Inventories |
6.542.000 |
5.524.000 |
4.142.000 |
|
Trade Receivables |
1.058.000 |
860.000 |
1.154.000 |
|
Group Receivables |
0 |
0 |
0 |
|
Miscellaneous Receivables |
236.000 |
151.000 |
111.000 |
|
Total Receivables |
1.294.000 |
1.011.000 |
1.265.000 |
|
Cash |
170.000 |
168.000 |
699.000 |
|
Other Current Assets |
0 |
0 |
0 |
|
TOTAL CURRENT ASSETS |
8.006.000 |
6.703.000 |
6.107.000 |
|
TOTAL ASSETS |
8.671.000 |
6.904.000 |
6.337.000 |
|
Trade Payables |
1.271.000 |
1.074.000 |
817.000 |
|
Bank Liabilities |
0 |
0 |
0 |
|
Group Payables |
0 |
0 |
0 |
|
Miscellaneous Liabilities |
2.168.000 |
1.761.000 |
1.305.000 |
|
TOTAL CURRENT LIABILITIES |
3.439.000 |
2.835.000 |
2.122.000 |
|
Bank Liabilities Due After 1 Year |
2.785.000 |
2.100.000 |
2.511.000 |
|
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 |
422.000 |
422.000 |
595.000 |
|
TOTAL LONG TERM LIABILITIES |
3.207.000 |
2.522.000 |
3.106.000 |
|
TOTAL LIABILITIES |
6.647.000 |
5.358.000 |
5.228.000 |
|
Called Up Share Capital |
100.000 |
100.000 |
100.000 |
|
Share Premium |
0 |
0 |
0 |
|
Revenue Reserves |
1.904.000 |
1.426.000 |
989.000 |
|
Other Reserves |
20.000 |
20.000 |
20.000 |
|
TOTAL SHAREHOLDERS EQUITY |
2.024.000 |
1.546.000 |
1.109.000 |
|
Other Financials |
|||
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Contingent Liabilities |
0 |
0 |
0 |
|
Working Capital |
4.567.000 |
3.868.000 |
3.985.000 |
|
Net Worth |
2.024.000 |
1.546.000 |
1.109.000 |
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Ratios |
|||
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Pre-Tax Profit Margin |
3.38 % |
2.74 % |
4.55 % |
|
Return On Capital Employed |
5.90 % |
5.07 % |
7.03 % |
|
Return On Total Assets Employed |
8.25 % |
7.16 % |
9.39 % |
|
Return On Net Assets Employed |
35.33 % |
31.95 % |
53.65 % |
|
Sales/Net Working Capital |
4.63 |
4.65 |
3.28 |
|
Stock Turnover Ratio |
30.95 % |
30.68 % |
31.65 % |
|
Debtor Days |
18.27 |
17.43 |
32.19 |
|
Creditor Days |
21.95 |
21.77 |
22.79 |
|
Current Ratio |
2.33 |
2.36 |
2.88 |
|
Liquidity Ratio/Acid Test |
0.43 |
0.42 |
0.93 |
|
Current Debt Ratio |
1.70 |
1.83 |
1.91 |
|
Gearing |
137.60 % |
135.83 % |
226.42 % |
|
Equity In Percentage |
23.34 % |
22.39 % |
17.50 % |
|
Total Debt Ratio |
3.28 |
3.47 |
4.71 |
Contact
Information
|
Main Address |
||
|
Address |
Country |
Telephone |
|
Grundbergsvägen 13, 46139 TROLLHÄTTAN |
SWEDEN |
0520-32506 |
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Other Address |
|
|
Address |
Country |
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No other addresses for this company. |
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Email Addresses |
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No information for this company. |
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Web Pages |
|
No information for this company. |
Share
Capital Structure
|
Issued Share Capital |
100.000 SEK |
Directors/Managers
|
Current Directors |
|||
|
Name |
Appointment Date |
Position |
|
|
Benn Flataunet |
01/11/2003 |
Actual Member of Board |
|
|
Pia Elina Rautio |
01/11/2003 |
Substitute |
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Group
Structure
No group structure for this company.
Other
Information
|
Employee Information |
|
|
Year |
Number of Employees |
|
2009 |
10 |
|
2008 |
8 |
|
2007 |
6 |
|
2006 |
4 |
|
2005 |
4 |
|
Advisors |
|
|
Auditor Name |
Anders Stig Arthur Sandquist |
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. |
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|
Industry Comparison |
|
|
Activity Code |
46150 |
|
Activity Description |
Agents involved in the sale of furniture, household goods, hardware
and ironmongery |
|
Industry Average
Credit Limit |
88.000 SEK |
|
Event History |
|
|
Event Date |
Event Description |
|
29/03/2011 |
Fax number removed |
|
29/03/2011 |
Phone number changed |
|
15/07/2010 |
Credit limit increase |
|
15/07/2010 |
New annual account |
|
10/07/2010 |
Company business activity |
|
10/07/2010 |
Change in company representatives |
|
05/07/2010 |
New annual report (PDF) |
|
22/12/2009 |
Authorised signatory changed |
|
17/09/2009 |
Credit limit increase |
|
17/09/2009 |
New annual account |
|
27/08/2009 |
New annual report (PDF) |
|
21/11/2008 |
New annual account |
|
06/11/2008 |
New annual report (PDF) |
|
08/08/2008 |
Board changed |
|
22/08/2007 |
New annual account |
|
27/06/2006 |
New annual account |
|
11/06/2006 |
Address changed |
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 |
1 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.94 |
|
UK Pound |
1 |
Rs.73.46 |
|
Euro |
1 |
Rs.64.58 |
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.