MIRA
INFORM REPORT
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Report Date : |
27.09.2011 |
IDENTIFICATION DETAILS
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Name : |
GLENTONS FORRSÃLJNINGS AB |
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Registered Office : |
Kristianstadsvägen 14 Broby, 28060 |
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Country : |
Sweden |
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Financials (as on) : |
31.12.2010 |
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Year of Establishment : |
1988 |
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Com. Reg. No.: |
5563365823 |
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Legal Form : |
Private Independent |
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Line of Business : |
International purchaser of Jewelry products |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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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 – March 31st, 2011
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Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
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Sweden |
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 name and address
Glentons ForrsÃljnings AB
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Key Executives
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1 - Profit &
Loss Item Exchange Rate: USD 1 = SEK 7.206564
2 - Balance Sheet Item Exchange Rate: USD 1 = SEK 6.72285
Corporate Overview
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Executives Report
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Annual Profit & Loss
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31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
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Period Length |
12 Months |
12 Months |
12 Months |
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Filed Currency |
SEK |
SEK |
SEK |
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Exchange Rate
(Period Average) |
7.206564 |
7.645194 |
6.599156 |
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Consolidated |
No |
No |
No |
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Total Revenue |
2.5 |
2.4 |
2.5 |
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Gross Profit |
0.2 |
0.2 |
0.1 |
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Net Financial Items |
- |
0.0 |
0.0 |
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Operating Income |
0.2 |
0.2 |
0.1 |
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Income Before Tax |
0.2 |
0.2 |
0.1 |
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Net Income |
0.1 |
0.1 |
0.1 |
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Annual Balance
Sheet |
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Financials in:
USD (mil) |
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31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
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Filed Currency |
SEK |
SEK |
SEK |
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Exchange Rate |
6.72285 |
7.1401 |
7.90795 |
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Consolidated |
No |
No |
No |
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Total Assets |
1.6 |
1.5 |
1.3 |
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Provisions |
0.0 |
0.1 |
0.1 |
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Total Liabilities |
0.3 |
0.3 |
0.2 |
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Total Equity |
1.3 |
1.2 |
1.1 |
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Annual Ratios |
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31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
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Period Length |
12 Months |
12 Months |
12 Months |
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Filed Currency |
- |
- |
- |
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Exchange Rate |
- |
- |
- |
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Consolidated |
No |
No |
No |
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Operating Margin |
7.09 |
6.66 |
3.95 |
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Current Ratio |
454.61 |
406.35 |
523.12 |
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Total debt/total equity |
81.59 |
79.49 |
83.98 |
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Return on average equity |
14.81 |
13.66 |
6.81 |
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Annual Growth
Rates |
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31-Dec-2009 |
31-Dec-2008 |
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Period Length |
12 Months |
12 Months |
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Filed Currency |
- |
- |
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Exchange Rate |
- |
- |
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Consolidated |
No |
No |
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Turnover Percent Change |
0.86% |
9.45% |
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Marginal Contribution Percent Change |
7.46% |
60.35% |
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Net Financial Items Percent Change |
-100.00% |
110.71% |
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Operating Results Percent Change |
7.86% |
92.90% |
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Profit/Loss Before Tax Percent Change |
2.82% |
77.57% |
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Profit/Loss for the Year Percent Change |
2.18% |
82.92% |
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Assets Percent Change |
-3.22% |
6.63% |
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Provisions Percent Change |
-15.93% |
-23.25% |
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Debts Percent Change |
-12.94% |
42.03% |
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Equity Capital Percent Change |
-0.16% |
1.97% |
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Operating Margin Percent Change |
6.46% |
68.61% |
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Current Ratio Percent Change |
11.88% |
-22.32% |
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Debt/Equity Ratio Percent Change |
2.64% |
-5.35% |
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Retun On Equity Percent Change |
8.42% |
100.59% |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.49.62 |
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1 |
Rs.76.68 |
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Euro |
1 |
Rs.66.47 |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 |
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<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.