MIRA
INFORM REPORT
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Report Date : |
04.01.2012 |
IDENTIFICATION DETAILS
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Name : |
EKMAN & CO AB |
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Registered Office : |
Lilla Bommen 1 PO Box 230 Gateborg, 401 23 |
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Country : |
Sweden |
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Financials (as on) : |
31.12.2010 |
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Year of Establishment : |
1922 |
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Com. Reg. No.: |
5560204595 |
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Legal Form : |
Private Parent |
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Line of Business : |
Wholesale of other intermediate products |
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No. of Employees : |
175 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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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 – September 30, 2011
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Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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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
Ekman & Co AB
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Business
Description
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Ekman & Co AB is primarily engaged in manufacturing signs and
related displays of all materials (except printing paper and paperboard
signs, notices, displays). |
Industry
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Industry |
Office Supplies |
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ANZSIC 2006: |
3736 - Paper Product Wholesaling |
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NACE 2002: |
5156 - Wholesale of other intermediate
products |
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NAICS 2002: |
424110 - Printing and Writing Paper
Merchant Wholesalers |
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UK SIC 2003: |
5156 - Wholesale of other intermediate
products |
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US SIC 1987: |
5111 - Printing and Writing Paper |
Key Executives
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1 - Profit &
Loss Item Exchange Rate: USD 1 = USD 1
2 - Balance Sheet Item Exchange Rate: USD 1 = USD 1
Corporate Overview
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Corporate Structure News
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Ekman & Co
AB |
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Company Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
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Parent |
Göteborg |
Sweden |
Office Supplies |
1,493.0 |
175 |
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Subsidiary |
Göteborg, Västra Götaland |
Sweden |
Retail (Home Improvement) |
2.8 |
23 |
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 |
Yes |
Yes |
Yes |
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Total Revenue |
1,560.4 |
1,171.0 |
1,283.6 |
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Gross Profit |
12.6 |
8.6 |
7.6 |
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Net Financial Items |
-0.4 |
-0.3 |
-1.6 |
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Operating Income |
11.0 |
7.0 |
6.3 |
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Income Before Tax |
10.3 |
6.6 |
4.6 |
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Net Income |
7.8 |
4.7 |
3.6 |
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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 |
Yes |
Yes |
Yes |
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Total Assets |
260.3 |
200.9 |
220.2 |
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Total Liabilities |
216.8 |
166.4 |
192.0 |
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Total Equity |
43.5 |
34.6 |
28.1 |
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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 |
Yes |
Yes |
Yes |
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Operating Margin |
0.74 |
0.70 |
0.67 |
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Current Ratio |
115.79 |
114.27 |
108.93 |
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Total debt/total equity |
16.71 |
17.21 |
12.78 |
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Return on average equity |
26.07 |
20.88 |
13.92 |
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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 |
Yes |
Yes |
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Turnover Percent Change |
25.62% |
5.69% |
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Marginal Contribution Percent Change |
37.84% |
31.62% |
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Net Financial Items Percent Change |
-39.05% |
79.43% |
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Operating Results Percent Change |
47.53% |
29.59% |
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Profit/Loss Before Tax Percent Change |
47.29% |
65.19% |
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Profit/Loss for the Year Percent Change |
57.22% |
51.05% |
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Assets Percent Change |
22.00% |
-17.61% |
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Debts Percent Change |
22.74% |
-21.79% |
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Equity Capital Percent Change |
18.45% |
10.94% |
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Operating Margin Percent Change |
5.71% |
4.48% |
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Current Ratio Percent Change |
1.33% |
4.90% |
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Debt/Equity Ratio Percent Change |
-2.91% |
34.66% |
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Retun On Equity Percent Change |
24.86% |
50.00% |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.53.23 |
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1 |
Rs.82.87 |
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Euro |
1 |
Rs.69.13 |
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.