|
Report Date : |
20.08.2012 |
IDENTIFICATION DETAILS
|
Name : |
AKTIEBOLAG LINDEX |
|
|
|
|
Registered Office : |
Box 233, 40123 Göteborg |
|
|
|
|
Country : |
Sweden |
|
|
|
|
Financials (as on) : |
2011 |
|
|
|
|
Date of Incorporation : |
27.08.1992 |
|
|
|
|
Com. Reg. No.: |
5564526514 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
Directly or indirectly engage in retail
business for women,
men and children's clothing,
and other activities compatible with |
|
|
|
|
No. of Employees : |
400 |
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 : |
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 – 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 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
|
Business Name |
Aktiebolag Lindex |
|
Country |
SWEDEN |
|
Company Registration Number |
5564526514 |
|
Main Activity |
Activities of head offices |
|
Activity Code |
70100 |
|
Company Status |
Active |
|
Latest Turnover Figure |
2.501.412.000 SEK |
|
Latest Shareholder Equity Figure |
992.708.000 SEK |
|
|
|
|
Basic
Information |
||||
|
Business Name |
Aktiebolag Lindex |
|||
|
Registered Company Name |
Aktiebolag Lindex |
|||
|
Company Registration Number |
5564526514 |
|||
|
Country |
SWEDEN |
|||
|
VAT Registration Number |
SE556452651401 |
|||
|
Date of Company Registration |
27/08/1992 |
|||
|
Legal Form |
Limited liability company |
|||
|
Company Status |
Active |
|||
|
Currency of this Report |
SEK |
|||
|
Principal Activity Description |
The object of their activities that directly or indirectly engage in retail business
for women, men and
children's clothing, and other
activities compatible with. |
|||
|
Contact Address |
40123 GÖTEBORG |
|||
|
Contact Telephone Number |
031-7395000 |
|||
|
Main Address |
||||
|
Address |
Country |
Telephone |
||
|
Box 233, 40123 GÖTEBORG |
SWEDEN |
031-7395000 |
||
|
Other Address |
||||
|
Address |
Country |
|||
|
Laxfiskevägen 4 B, PARTILLE 43338 |
SWEDEN |
|||
|
Email Addresses |
|
info@lindex.se |
|
Web Pages |
|
www.lindex.se |
|
Current Directors |
|||
|
Name |
Appointment Date |
Position |
|
|
Penttilä, Hannu Erkki Olavi |
19/12/2007 |
Actual Member of Board |
|
|
Göran Holger Bille |
19/12/2007 |
Actual Member of Board |
|
|
Laine-Haaja, Nina Anneli |
13/04/2012 |
Actual Member of Board |
|
|
Naulapää, Reijo Jukka |
19/12/2007 |
Actual Member of Board |
|
|
Railio, Tiina Hannele |
02/03/2012 |
Actual Member of Board |
|
|
Vähähyyppä, Simo Pekka |
19/12/2007 |
Actual Member of Board |
|
|
Hilda Sofia Maria Brax |
17/06/2010 |
Actual Member of Board |
|
|
Lillan Barbro Margaretha Thorén |
02/01/2007 |
Actual Member of Board |
|
|
Rigmor Ann-Charlotte Lindbäck |
17/04/2000 |
Actual Member of Board |
|
|
Maria Caroline Kull Magnusson |
02/03/2012 |
Substitute |
|
|
Siv Clary Ros-Marie Erenmalm |
03/06/2009 |
Substitute |
|
|
Previous
Directors |
|||
|
Name |
Appointment Date |
Position |
Resignation Date |
|
Okkonen,Terhi Päivikki |
02/03/2012 |
Actual Member of Board |
13/04/2012 |
|
Pyykkö-Tuominen, Pirjo Hannele |
12/05/2009 |
Actual Member of Board |
02/03/2012 |
|
Birgitta Christina Olivensjö |
27/11/2007 |
External Signatory |
12/05/2009 |
|
Väänänen, Heikki Juhani |
19/12/2007 |
Actual Member of Board |
03/06/2009 |
|
Alice Anna Linnéa Eriksson |
17/04/2000 |
Substitute |
03/06/2009 |
|
Rune Evald Lindstrand |
17/04/2000 |
Substitute |
12/05/2009 |
|
Inger Monika Elling |
02/01/2007 |
Actual Member of Board |
19/12/2007 |
|
Christer Göran Harald Gardell |
08/04/2004 |
Actual Member of Board |
19/12/2007 |
|
Eric Conny Karlsson |
08/04/2004 |
Actual Member of Board |
19/12/2007 |
|
Nora Larssen |
15/03/2005 |
Actual Member of Board |
19/12/2007 |
|
Lars Erik Bengt Larsson |
03/04/2002 |
Actual Member of Board |
19/12/2007 |
|
Lars Henrik Otterbeck |
03/04/2002 |
Actual Member of Board |
19/12/2007 |
|
Emma Sofia Kristina Wiklund |
02/01/2007 |
Actual Member of Board |
19/12/2007 |
Na
|
Issued Share Capital |
27.500.000 SEK |
|
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 |
2 |
|
Number of applications for an order to pay |
- |
|
Number of reclaimed/revoked applications |
2 |
|
Ultimate Holding Parent |
|
|
|
Ultimate Holding Company Name |
STOCKMANN OYJ ABP |
|
|
Ultimate Holding Company Country |
FINLAND |
|
|
Immediate Holding Parent |
|
No information for this company. |
|
Subsidary Companies |
||
|
Subsidiary Name |
Country |
Number |
|
No subsidaries for this company. |
|
|
|
Affiliates |
||
|
Affiliate Name |
Country |
Number |
|
No affiliates for this company. |
|
|
|
Profit and Loss |
|||
|
Financial Year |
2011 |
2010 |
2009 |
|
Number of Weeks |
52 |
52 |
52 |
|
Currency |
SEK |
SEK |
SEK |
|
Conslotidated Accounts |
N |
N |
N |
|
Revenue |
2.934.167.000 |
2.666.304.000 |
2.765.218.000 |
|
Operating Costs |
2.898.374.000 |
2.676.988.000 |
2.696.964.000 |
|
Operating Profit |
35.793.000 |
-10.684.000 |
68.254.000 |
|
Wages & Salaries |
-205.696.000 |
-205.678.000 |
-201.197.000 |
|
Depreciation |
-77.707.000 |
-78.322.000 |
-86.934.000 |
|
Financial Income |
19.425.000 |
16.847.000 |
26.389.000 |
|
Financial Expenses |
-913.000 |
- |
-3.447.000 |
|
Extraordinary Income |
- |
- |
- |
|
Extraordinary Costs |
-913.000 |
- |
-3.447.000 |
|
Profit before Tax |
132.335.000 |
63.141.000 |
198.419.000 |
|
Tax |
-15.136.000 |
10.763.000 |
-22.146.000 |
|
Profit after Tax |
132.335.000 |
63.141.000 |
198.419.000 |
|
Minority Interests |
- |
- |
- |
|
Other Appropriations |
-1.500.000 |
-49.154.000 |
-24.540.000 |
|
Retained Profit |
115.699.000 |
24.750.000 |
151.733.000 |
|
Balance Sheet |
|||
|
Financial Year |
2011 |
2010 |
2009 |
|
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 |
109.954.000 |
111.883.000 |
122.841.000 |
|
Total Tangible Assets |
109.954.000 |
111.883.000 |
122.841.000 |
|
Goodwill |
10.344.000 |
16.550.000 |
22.757.000 |
|
Other Intangible Assets |
91.557.000 |
116.508.000 |
144.874.000 |
|
Total Intangible Assets |
101.901.000 |
133.058.000 |
167.631.000 |
|
Loans To Group |
452.631.000 |
441.917.000 |
436.276.000 |
|
Other Loans |
0 |
0 |
0 |
|
Miscellaneous Fixed Assets |
184.104.000 |
183.411.000 |
189.533.000 |
|
Total Other Fixed Assets |
636.735.000 |
625.328.000 |
625.809.000 |
|
TOTAL FIXED ASSETS |
848.590.000 |
870.269.000 |
916.281.000 |
|
Work In Progress |
0 |
0 |
0 |
|
Other Inventories |
220.649.000 |
207.876.000 |
150.036.000 |
|
Total Inventories |
220.649.000 |
207.876.000 |
150.036.000 |
|
Trade Receivables |
11.017.000 |
9.100.000 |
31.808.000 |
|
Group Receivables |
688.274.000 |
461.291.000 |
347.766.000 |
|
Miscellaneous Receivables |
154.955.000 |
123.249.000 |
152.257.000 |
|
Total Receivables |
854.246.000 |
593.640.000 |
531.831.000 |
|
Cash |
799.000 |
1.067.000 |
42.318.000 |
|
Other Current Assets |
0 |
0 |
0 |
|
TOTAL CURRENT ASSETS |
1.075.694.000 |
802.583.000 |
724.185.000 |
|
TOTAL ASSETS |
1.924.284.000 |
1.672.852.000 |
1.640.466.000 |
|
Trade Payables |
131.410.000 |
139.001.000 |
117.289.000 |
|
Bank Liabilities |
894.000 |
2.057.000 |
84.255.000 |
|
Group Payables |
414.266.000 |
254.673.000 |
425.554.000 |
|
Miscellaneous Liabilities |
111.217.000 |
129.372.000 |
115.887.000 |
|
TOTAL CURRENT LIABILITIES |
657.787.000 |
525.103.000 |
742.985.000 |
|
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 |
273.438.000 |
271.938.000 |
222.784.000 |
|
TOTAL LONG TERM LIABILITIES |
273.789.000 |
272.289.000 |
223.135.000 |
|
TOTAL LIABILITIES |
931.576.000 |
797.392.000 |
966.120.000 |
|
Called Up Share Capital |
27.500.000 |
27.500.000 |
27.500.000 |
|
Share Premium |
0 |
0 |
0 |
|
Revenue Reserves |
951.159.000 |
659.096.000 |
577.597.000 |
|
Other Reserves |
14.049.000 |
188.864.000 |
69.249.000 |
|
TOTAL SHAREHOLDERS EQUITY |
992.708.000 |
875.460.000 |
674.346.000 |
|
Other Financials |
|||
|
Contingent Liabilities |
4.578.000 |
3.435.000 |
1.724.000 |
|
Working Capital |
417.907.000 |
277.480.000 |
-18.800.000 |
|
Net Worth |
890.807.000 |
742.402.000 |
506.715.000 |
|
Ratios |
|||
|
Pre-Tax Profit Margin |
4.51 % |
2.37 % |
7.18 % |
|
Return On Capital Employed |
5.13 % |
2.87 % |
8.32 % |
|
Return On Total Assets Employed |
6.88 % |
3.77 % |
12.10 % |
|
Return On Net Assets Employed |
13.33 % |
7.21 % |
29.42 % |
|
Sales/Net Working Capital |
7.02 |
9.61 |
-147.09 |
|
Stock Turnover Ratio |
7.52 % |
7.80 % |
5.43 % |
|
Debtor Days |
1.37 |
1.25 |
4.20 |
|
Creditor Days |
16.35 |
19.03 |
15.48 |
|
Current Ratio |
1.64 |
1.53 |
0.97 |
|
Liquidity Ratio/Acid Test |
1.30 |
1.13 |
0.77 |
|
Current Debt Ratio |
0.66 |
0.60 |
1.10 |
|
Gearing |
0.13 % |
0.28 % |
12.55 % |
|
Equity In Percentage |
83.73 % |
95.73 % |
79.61 % |
|
Total Debt Ratio |
0.94 |
0.91 |
1.43 |
Na
|
Activities |
|
|
Activity Code |
Activity Description |
|
70100 |
Activities of head offices |
|
52100 |
Warehousing and storage |
|
Employee
Information |
|
|
Year |
Number of Employees |
|
2011 |
400 |
|
2010 |
384 |
|
2009 |
371 |
|
2008 |
453 |
|
2007 |
366 |
|
Advisors |
|
|
Auditor Name |
KPMG AB |
|
Tax Registrations |
|
|
Registered for FTax |
Yes |
|
Registered for VAT |
Yes |
|
Registered for Employee Tax |
Yes |
|
Certificates |
||
|
Type |
Category |
Issuer |
|
No certificate information for this company. |
|
|
|
Industry Comparison |
|
|
Activity Code |
70100 |
|
Activity Description |
Activities of head offices |
|
Event History |
|
|
Event Date |
Event Description |
|
27/06/2012 |
Group annual accout, new |
|
27/06/2012 |
Annual account, new |
|
05/06/2012 |
Annual report (PDF), new |
|
16/04/2012 |
Company representatives, changed |
|
16/04/2012 |
Authorised signatory, changed |
|
16/04/2012 |
Board, changed |
|
14/04/2012 |
Company representatives, changed |
|
14/04/2012 |
Authorised signatory, changed |
|
14/04/2012 |
Board, changed |
|
05/03/2012 |
Board, changed |
|
05/03/2012 |
Authorised signatory, changed |
|
05/03/2012 |
Company representatives, changed |
|
03/03/2012 |
Company representatives, changed |
|
03/03/2012 |
Authorised signatory, changed |
|
03/03/2012 |
Board, changed |
|
10/08/2011 |
Annual account, new |
|
10/08/2011 |
Group annual accout, new |
|
22/07/2011 |
Annual report (PDF), new |
|
29/03/2011 |
Fax number, new |
|
18/06/2010 |
Authorised signatory, changed |
|
18/06/2010 |
Board, changed |
|
18/06/2010 |
Company representatives, changed |
|
18/05/2010 |
Annual account, new |
|
13/05/2010 |
Annual report (PDF), new |
|
16/06/2009 |
Annual account, new |
|
05/06/2009 |
Annual report (PDF), new |
|
04/06/2009 |
Authorised signatory, changed |
|
04/06/2009 |
Company representatives, changed |
|
04/06/2009 |
Board, changed |
|
18/05/2009 |
Authorised signatory, changed |
|
18/05/2009 |
Company representatives, changed |
|
18/05/2009 |
Board, changed |
|
13/05/2009 |
Authorised signatory, changed |
|
13/05/2009 |
Board, changed |
|
13/05/2009 |
Company representatives, changed |
|
18/03/2009 |
Board, changed |
|
18/03/2009 |
Authorised signatory, changed |
|
18/03/2009 |
Company representatives, changed |
|
24/02/2009 |
Board, changed |
|
24/02/2009 |
Authorised signatory, changed |
|
29/09/2008 |
Board, changed |
|
20/05/2008 |
Annual account, new |
|
06/05/2008 |
Annual report (PDF), new |
|
11/02/2008 |
Annual account, new |
|
31/01/2008 |
Authorised signatory, changed |
|
30/01/2008 |
Board, changed |
|
30/01/2008 |
Company representatives, changed |
|
30/01/2008 |
Authorised signatory, changed |
|
27/12/2007 |
Authorised signatory, changed |
|
27/12/2007 |
Company representatives, changed |
|
27/12/2007 |
Board, changed |
|
26/12/2007 |
Authorised signatory, changed |
|
26/12/2007 |
Board, changed |
|
26/12/2007 |
Company representatives, changed |
|
25/12/2007 |
Company representatives, changed |
|
25/12/2007 |
Authorised signatory, changed |
|
25/12/2007 |
Board, changed |
|
21/12/2007 |
Board, changed |
|
21/12/2007 |
Company representatives, changed |
|
21/12/2007 |
Authorised signatory, changed |
|
20/12/2007 |
Board, changed |
|
20/12/2007 |
Company representatives, changed |
|
20/12/2007 |
Authorised signatory, changed |
|
28/11/2007 |
Authorised signatory, changed |
|
28/11/2007 |
Board, changed |
|
28/11/2007 |
Company representatives, changed |
|
Latest Private Claim |
|
|
Date |
22/12/2010 |
|
Amount |
15.000 SEK |
|
Creditor |
Taxi Borås Aktiebolag |
|
Comments |
Decision |
Na
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.70 |
|
UK Pound |
1 |
Rs.87.55 |
|
Euro |
1 |
Rs.68.85 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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.