MIRA INFORM REPORT

 

 

Report Date :           

10.09.2011

 

IDENTIFICATION DETAILS

 

Name :

R FRANCHETTI AB

 

 

Registered Office :

Olof Asklunds gata 14, Box 3155, Goteborg, 400 10

 

 

Country :

Sweden

 

 

Financials (as on) :

31.12.2009

 

 

Year of Establishment :

1991

 

 

Com. Reg. No.:

5564436466

 

 

Legal Form :

Private Subsidiary

 

 

Line of Business :

Wholesale trade in building materials

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Moderate

 

 

Payment Behaviour :

Unknown

 

 

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

Restricted

 

C2

Off-credit

 

D

 

 Bottom of Form

 

Company name & address 

 

R Franchetti AB

Olof Asklunds gata 14

Box 3155

Goteborg, 400 10

Sweden

Tel:       46 (31) 81 04 50

Fax:      46 (31) 20 87 40

Web:    www.franchetti.se

 

 

Synthesis     

 

Employees:                  24

Company Type:            Private Subsidiary

Corporate Family:          2 Companies

Ultimate Parent:             R FRANCHETTI HANDELS AB

Incorporation Date:         1991   

Financials in:                 USD (Millions)

Fiscal Year End:            31-Dec-2009

Reporting Currency:       Swedish Krona

Annual Sales:                11.9

Total Assets:                 NA

 

 

Business Description     

 

Wholesale trade in building materials

 

Industry

Industry            Construction - Supplies and Fixtures

ANZSIC 2006:    3331 - Timber Wholesaling

NACE 2002:      5153 - Wholesale of wood, construction materials and sanitary equipment

NAICS 2002:     423310 - Lumber, Plywood, Millwork, and Wood Panel Merchant Wholesalers

UK SIC 2003:    5153 - Wholesale of wood, construction materials and sanitary equipment

US SIC 1987:    5031 - Lumber, Plywood, Millwork, and Wood Panels

 

           


Key Executives   

 

Name

Title

Andreas Franchetti

Managing Director

Bengt Simonsson

Finance Manager

Anna-Lena Knutsson

Sales Director

Mats Blixt

Purchasing Executive, ledamot

Torsten Leman

Chairman

 

 

Registered No.(SWE):

 5564436466

 

1 - Profit & Loss Item Exchange Rate: USD 1 = SEK 7.645194 
2 - Balance Sheet Item Exchange Rate: USD 1 = SEK 7.1401

 


Corporate Overview

 

Location

Olof Asklunds gata 14

Box 3155

Goteborg, 400 10

Sweden

Tel:       46 (31) 81 04 50

Fax:      46 (31) 20 87 40

Web:    www.franchetti.se          

 

Sales SEK(mil):             91.0

Assets SEK(mil):           NA

Employees:                   24

Fiscal Year End:            31-Dec-2009

Industry:                        Construction - Supplies and Fixtures

Incorporation Date:         1991

Company Type:             Private Subsidiary

Quoted Status:              Not Quoted

Registered No.(SWE):    5564436466

Managing Director:         Andreas Franchetti

 

Contents

·         Industry Codes

·         Business Description

·         Financial Data

·         Key Corporate Relationships

 

Industry Codes

 

ANZSIC 2006 Codes:

3331     -          Timber Wholesaling

 

NACE 2002 Codes:

5153     -          Wholesale of wood, construction materials and sanitary equipment

 

NAICS 2002 Codes:

423310  -          Lumber, Plywood, Millwork, and Wood Panel Merchant Wholesalers

 

US SIC 1987:

5031     -          Lumber, Plywood, Millwork, and Wood Panels

 

UK SIC 2003:

5153     -          Wholesale of wood, construction materials and sanitary equipment

 

Business Description

Wholesale trade in building materials

 

 

Financial Data

Financials in:

SEK(mil)

 

Revenue:

91.0

 

Date of Financial Data:

31-Dec-2009

1 Year Growth

NA

 

 

 

 

Corporate Family

Corporate Structure News:

 

R FRANCHETTI HANDELS AB
R Franchetti AB

Total Corporate Family Members: 2 

 

 

 

Company Name

Company Type

Location

Country

Industry

Sales
(USD mil)

Employees

R FRANCHETTI HANDELS AB

Parent

Goteborg, Vostra Gotaland

Sweden

Retail (Specialty)

11.8

24

R Franchetti AB

Subsidiary

Goteborg

Sweden

Construction - Supplies and Fixtures

11.9

24

 

 

Executive report

 

Board of Directors

 

Name

Title

Function

 

Torsten Leman

 

Chairman

Chairman

 

Mats Blixt

 

Purchasing Executive, ledamot

Director/Board Member

 

Romeo Giuseppe Franchetti

 

ledamot

Director/Board Member

 

Karl Andreas Franchetti

 

verkst dir, ledamot

Director/Board Member

 

 

Executives

 

Name

Title

Function

 

Andreas Franchetti

 

Managing Director

Managing Director

 

Karl Andreas Franchetti

 

verkst dir, ledamot

Managing Director

 

Bengt Simonsson

 

Finance Manager

Finance Executive

 

Anna-Lena Knutsson

 

Sales Director

Sales Executive

 

Mats Blixt

 

Purchasing Executive, ledamot

Purchasing Executive

 




Annual Profit & Loss

 

 

 

31-Dec-2009

31-Dec-2008

31-Dec-2007

Period Length

12 Months

12 Months

12 Months

Filed Currency

SEK

SEK

SEK

Exchange Rate (Period Average)

7.645194

6.599156

6.757461

Consolidated

No

No

No

 

 

 

 

Total Revenue

11.8

11.9

9.8

Gross Profit

0.1

0.5

0.3

Net Financial Items

0.0

-0.1

-0.1

Operating Income

0.1

0.4

0.3

Income Before Tax

0.0

0.3

0.2

Net Income

0.0

0.3

0.2

 

 

Annual Balance Sheet

 

Financials in: USD (mil)

 

 

 

31-Dec-2009

31-Dec-2008

31-Dec-2007

Filed Currency

SEK

SEK

SEK

Exchange Rate

7.1401

7.90795

6.4632

Consolidated

No

No

No

 

 

 

 

Total Assets

2.6

2.4

2.8

Total Liabilities

2.1

2.0

2.6

Total Equity

0.5

0.4

0.2

 

 

Annual Ratios

 

 

 

 

31-Dec-2009

31-Dec-2008

31-Dec-2007

Period Length

12 Months

12 Months

12 Months

Filed Currency

-

-

-

Exchange Rate

-

-

-

Consolidated

No

No

No

 

 

 

 

Operating Margin

0.65

3.65

2.99

Current Ratio

119.86

116.99

101.55

Total debt/total equity

18.96

17.62

6.63

Return on average equity

6.92

64.73

126.58

 

Annual Growth Rates

 

 

 

 

31-Dec-2008

31-Dec-2007

Period Length

12 Months

12 Months

Filed Currency

-

-

Exchange Rate

-

-

Consolidated

No

No

 

 

 

Turnover Percent Change

15.22%

19.07%

Marginal Contribution Percent Change

-71.61%

38.92%

Net Financial Items Percent Change

57.25%

-49.77%

Operating Results Percent Change

-81.67%

46.05%

Profit/Loss Before Tax Percent Change

-89.01%

44.96%

Profit/Loss for the Year Percent Change

-89.01%

44.96%

Assets Percent Change

-4.51%

6.60%

Debts Percent Change

-6.07%

-5.95%

Equity Capital Percent Change

2.76%

183.50%

Operating Margin Percent Change

-82.19%

22.07%

Current Ratio Percent Change

2.45%

15.20%

Debt/Equity Ratio Percent Change

7.60%

165.76%

Retun On Equity Percent Change

-89.31%

-48.86%

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.46.38

UK Pound

1

Rs.74.01

Euro

1

Rs.64.48

 

 

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%)

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.