|
Report Date : |
18.08.2012 |
IDENTIFICATION DETAILS
|
Name : |
R FRANCHETTI AKTIEBOLAG |
|
|
|
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Registered Office : |
Box 3155, 40010 Göteborg |
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|
|
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Country : |
Sweden |
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|
|
|
Financials (as on) : |
2010 |
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|
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Date of Incorporation : |
21.02.1992 |
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|
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Com. Reg. No.: |
5564436466 |
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|
Legal Form : |
Limited liability company |
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|
|
|
Line of Business : |
Wholesale of textiles |
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|
|
|
No. of Employees : |
26 |
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 |
|
Status : |
Satisfactory |
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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, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
|
Sweden |
A1 |
A1 |
|
Risk Category |
ECGC Classification |
|
Insignificant |
A1 |
|
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
|
Business Name |
R FRANCHETTI Aktiebolag |
|
Country |
SWEDEN |
|
Company Registration Number |
5564436466 |
|
Main Activity |
Wholesale of textiles |
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Activity Code |
46410 |
|
Company Status |
Active |
|
Latest Turnover Figure |
109.888.000 SEK |
|
Latest Shareholder Equity Figure |
7.292.000 SEK |
|
Basic
Information |
|
|
Business Name |
R FRANCHETTI Aktiebolag |
|
Registered Company Name |
R FRANCHETTI Aktiebolag |
|
Company Registration Number |
5564436466 |
|
Country |
SWEDEN |
|
VAT Registration Number |
SE556443646601 |
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Date of Company Registration |
21/02/1992 |
|
Legal Form |
Limited liability company |
|
Company Status |
Active |
|
Currency of this Report |
SEK |
|
Principal Activity Description |
Bolaget skall importera och försälja
textilvaror, förvalta aktier och värdepapper, ävensom idka därmed förenlig
verksamhet. |
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Contact Address |
40010 GÖTEBORG |
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Contact Telephone Number |
031-810450 |
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Current Directors |
|||
|
Name |
Appointment Date |
Position |
|
|
Torsten Philip Leman |
21/02/1992 |
Actual Member of Board |
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|
Karl Andreas Franchetti |
08/09/2004 |
Actual Member of Board |
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Bengt Olof Stefan Simonsson |
14/07/1993 |
Actual Member of Board |
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|
Mats Göran Blixt |
24/04/2008 |
Actual Member of Board |
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|
Romeo Giuseppe Salvatore Franchetti |
21/02/1992 |
Actual Member of Board |
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|
Johan Pietro Franchetti |
24/04/2008 |
Substitute |
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|
Mats Erik Nilersand |
24/04/2008 |
Substitute |
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Previous Directors |
|||
|
Name |
Appointment Date |
Position |
Resignation Date |
|
Johan Pietro Franchetti |
31/10/2003 |
Actual Member of Board |
24/04/2008 |
|
Romeo Giuseppe Salvatore Franchetti |
21/02/1992 |
Managing Director |
24/04/2008 |
No negative information found.
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Issued Share Capital |
1.000.000 SEK |
|
Debt balance at the Swedish Enforcement Agency |
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|
Number of Private Claims |
- |
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Balance of Private Claims |
- |
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Number of Public Claims |
- |
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Balance of Public Claims |
- |
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Total Balance |
- |
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Record of non-payment |
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Number of distraint attempts and repossessions |
- |
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Number of public claims |
- |
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Number of private claims |
- |
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Number of applications for an order to pay |
- |
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Number of reclaimed/revoked applications |
- |
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Ultimate Holding Parent |
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Ultimate Holding Company Name |
R FRANCHETTI HANDELS Aktiebolag |
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Ultimate Holding Company Country |
SWEDEN |
5560298373 |
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Immediate Holding Parent |
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No information for this company. |
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Subsidary Companies |
||
|
Subsidiary Name |
Country |
Number |
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No subsidaries for this company. |
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|
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Affiliates |
||
|
Affiliate Name |
Country |
Number |
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No affiliates for this company. |
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Other Information
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Profit and Loss |
|||
|
Financial Year |
2010 |
2009 |
2008 |
|
Number of Weeks |
52 |
52 |
52 |
|
Currency |
SEK |
SEK |
SEK |
|
Conslotidated Accounts |
N |
N |
N |
|
Revenue |
110.246.000 |
90.582.000 |
78.618.000 |
|
Operating Costs |
104.116.000 |
90.057.000 |
75.754.000 |
|
Operating Profit |
6.130.000 |
525.000 |
2.864.000 |
|
Wages & Salaries |
-12.457.000 |
-10.909.000 |
-9.471.000 |
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Depreciation |
-387.000 |
-388.000 |
-352.000 |
|
Financial Income |
106.000 |
64.000 |
6.000 |
|
Financial Expenses |
-313.000 |
-347.000 |
-668.000 |
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Extraordinary Income |
- |
- |
- |
|
Extraordinary Costs |
-313.000 |
-347.000 |
-668.000 |
|
Profit before Tax |
5.923.000 |
242.000 |
2.202.000 |
|
Tax |
-938.000 |
- |
- |
|
Profit after Tax |
5.923.000 |
242.000 |
2.202.000 |
|
Minority Interests |
- |
- |
- |
|
Other Appropriations |
-1.189.000 |
- |
- |
|
Retained Profit |
3.796.000 |
242.000 |
2.202.000 |
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Balance Sheet |
|||
|
Financial Year |
2010 |
2009 |
2008 |
|
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 |
753.000 |
529.000 |
699.000 |
|
Total Tangible Assets |
753.000 |
529.000 |
699.000 |
|
Goodwill |
0 |
0 |
0 |
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Other Intangible Assets |
0 |
0 |
0 |
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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 |
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TOTAL FIXED ASSETS |
753.000 |
529.000 |
699.000 |
|
Work In Progress |
0 |
0 |
0 |
|
Other Inventories |
10.682.000 |
10.407.000 |
12.195.000 |
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Total Inventories |
10.682.000 |
10.407.000 |
12.195.000 |
|
Trade Receivables |
6.137.000 |
5.744.000 |
4.522.000 |
|
Group Receivables |
0 |
0 |
0 |
|
Miscellaneous Receivables |
1.265.000 |
1.076.000 |
1.585.000 |
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Total Receivables |
7.402.000 |
6.820.000 |
6.107.000 |
|
Cash |
4.120.000 |
680.000 |
306.000 |
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Other Current Assets |
0 |
0 |
0 |
|
TOTAL CURRENT ASSETS |
22.204.000 |
17.907.000 |
18.608.000 |
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TOTAL ASSETS |
22.957.000 |
18.436.000 |
19.307.000 |
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Trade Payables |
7.028.000 |
7.369.000 |
6.728.000 |
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Bank Liabilities |
0 |
3.841.000 |
6.471.000 |
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Group Payables |
1.700.000 |
1.894.000 |
1.838.000 |
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Miscellaneous Liabilities |
5.748.000 |
1.836.000 |
868.000 |
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TOTAL CURRENT LIABILITIES |
14.476.000 |
14.940.000 |
15.905.000 |
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Bank Liabilities Due After 1 Year |
0 |
0 |
0 |
|
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 |
1.189.000 |
0 |
0 |
|
TOTAL LONG TERM LIABILITIES |
1.189.000 |
0 |
0 |
|
TOTAL LIABILITIES |
15.665.000 |
14.940.000 |
15.905.000 |
|
Called Up Share Capital |
1.000.000 |
1.000.000 |
1.000.000 |
|
Share Premium |
0 |
0 |
0 |
|
Revenue Reserves |
6.092.000 |
2.296.000 |
2.202.000 |
|
Other Reserves |
200.000 |
200.000 |
200.000 |
|
TOTAL SHAREHOLDERS EQUITY |
7.292.000 |
3.496.000 |
3.402.000 |
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Other Financials |
|||
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Contingent Liabilities |
7.792.000 |
7.760.000 |
4.827.000 |
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Working Capital |
7.728.000 |
2.967.000 |
2.703.000 |
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Net Worth |
7.292.000 |
3.496.000 |
3.402.000 |
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Ratios |
|||
|
Pre-Tax Profit Margin |
5.37 % |
0.27 % |
2.80 % |
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Return On Capital Employed |
15.82 % |
0.73 % |
6.25 % |
|
Return On Total Assets Employed |
25.80 % |
1.31 % |
11.41 % |
|
Return On Net Assets Employed |
81.23 % |
6.92 % |
64.73 % |
|
Sales/Net Working Capital |
14.27 |
30.53 |
29.09 |
|
Stock Turnover Ratio |
9.69 % |
11.49 % |
15.51 % |
|
Debtor Days |
20.32 |
23.15 |
20.99 |
|
Creditor Days |
23.27 |
29.69 |
31.24 |
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Current Ratio |
1.53 |
1.20 |
1.17 |
|
Liquidity Ratio/Acid Test |
0.80 |
0.50 |
0.40 |
|
Current Debt Ratio |
1.99 |
4.27 |
4.68 |
|
Gearing |
|
109.87 % |
190.21 % |
|
Equity In Percentage |
31.76 % |
18.96 % |
17.62 % |
|
Total Debt Ratio |
2.15 |
4.27 |
4.68 |
N/a
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Activities |
|
|
Activity Code |
Activity Description |
|
46410 |
Wholesale of textiles |
|
46420 |
Wholesale of clothing and footwear |
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Main Address |
||
|
Address |
Country |
Telephone |
|
Box 3155, 40010 GÖTEBORG |
SWEDEN |
031-810450 |
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Other Address |
|
|
Address |
Country |
|
No other addresses for this company. |
|
|
Email Addresses |
|
No information for this company. |
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Web Pages |
|
www.franchetti.se |
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Employee Information |
|
|
Year |
Number of Employees |
|
2010 |
26 |
|
2009 |
24 |
|
2008 |
22 |
|
2007 |
18 |
|
2006 |
16 |
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Advisors |
|
|
Auditor Name |
Carl Fredrik Johan Gustav Waern |
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Tax Registrations |
|
|
Registered for FTax |
Yes |
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Registered for VAT |
Yes |
|
Registered for Employee Tax |
Yes |
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Certificates |
||
|
Type |
Category |
Issuer |
|
No certificate information for this company. |
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|
|
Industry Comparison |
|
|
Activity Code |
46410 |
|
Activity Description |
Wholesale of textiles |
|
Industry Average Credit Rating |
71 (1 - 100) |
|
Industry Average Credit Limit |
94.000 SEK |
|
Event History |
|
|
Event Date |
Event Description |
|
04/07/2012 |
Annual report (PDF), new |
|
10/01/2012 |
Board, changed |
|
29/07/2011 |
Annual account, new |
|
29/07/2011 |
Limit, increase |
|
19/07/2011 |
Annual report (PDF), new |
|
29/03/2011 |
Phone number, new |
|
24/08/2010 |
Annual account, new |
|
24/08/2010 |
Limit, increase |
|
06/08/2010 |
Annual report (PDF), new |
|
14/08/2009 |
Limit, increase |
|
14/08/2009 |
Annual account, new |
|
22/07/2009 |
Annual report (PDF), new |
|
18/08/2008 |
Annual account, new |
|
06/08/2008 |
Annual report (PDF), new |
|
25/04/2008 |
Company representatives, changed |
|
25/04/2008 |
Board, changed |
|
25/04/2008 |
Authorised signatory, changed |
N/a
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.70 |
|
|
1 |
Rs.87.54 |
|
Euro |
1 |
Rs.68.85 |
INFORMATION DETAILS
|
Report Prepared
by : |
PDT |
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.