MIRA INFORM REPORT

 

 

Report Date :

06.01.2012

 

IDENTIFICATION DETAILS

 

Name :

JOY SHOP AKTIEBOLAG

 

 

Registered Office :

Falkenbergsgatan 3, 8tr, 41285 Göteborg

 

 

Country :

Sweden

 

 

Financials (as on) :

2010

 

 

Date of Incorporation :

03.07.2009

 

 

Com. Reg. No.:

5567852511

 

 

Legal Form :

Limited Liability Company

 

 

Line of Business :

Retail sale of women''s clothing in specialised stores

 

 

No. of Employees :

180

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Maximum Credit Limit :

5.000.000 SEK

Status :

Moderate

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 – September 30, 2011

 

Country Name

Previous Rating

(30.06.2011)

Current Rating

(30.09.2011)

Sweden

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 


REGISTERED NAME & COMPANY SUMMARY

 

Business Name

Joy Shop Aktiebolag

Country

SWEDEN

Company Registration Number

5567852511

Main Activity

Retail sale of women''s clothing in specialised stores

Activity Code

47713

Company Status

Active

Latest Turnover Figure

292.963.000 SEK

Latest Shareholder Equity Figure

100.084.000 SEK

Rating Description

Credit worthy

Credit Limit

5.000.000 SEK

 

Basic Information

Business Name

Joy Shop Aktiebolag

Registered Company Name

Joy Shop Aktiebolag

Company Registration Number

5567852511

Country

SWEDEN

VAT Registration Number

SE556785251101

Date of Company Registration

03/07/2009

Legal Form

Limited liability company

Company Status

Active

Currency of this Report

SEK

Principal Activity Description

The company will engage in trade and retail business for men's and women's wear, shoes, handbags and accessories, design, brand development and manufacture of clothing, shoes bags and accessories, to trade with and own and manage

Contact Address

41285 GÖTEBORG

Contact Telephone Number

031-7562700

 

CREDIT RECOMENDATION

 

Current Credit Limit: 5.000.000 SEK

 

DIRECTORS/MANAGEMENT

 

Current Directors

Name

Appointment Date

Position

 

Hans Lennart Johansson

03/07/2009

Actual Member of Board

 

Viveka Charlotte Ulfsdotter Nordén

21/12/2011

Actual Member of Board

 

Astrid Christina Elisabeth Falklind Gross

08/10/2009

Actual Member of Board

 

Bengt Reidon Hedevåg

03/07/2009

Actual Member of Board

 

Joel Aron Urwitz

06/10/2011

Actual Member of Board

 

Bo Gabriel Urwitz

14/08/2009

Substitute

 

 

Previous Directors

Name

Appointment Date

Position

Resignation Date

Hans Lennart Johansson

03/07/2009

Managing Director

06/10/2011

Lars Hjalmar Josephson

03/07/2009

Actual Member of Board

14/08/2009

 

NEGATIVE INFORMATION

 

Na

 

SHARE & SHARE CAPITAL INFORMATION

 

Issued Share Capital

250.000 SEK

 

PAYMENT INFORMATION

 

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

-

Number of applications for an order to pay

-

Number of reclaimed/revoked applications

-

 

GROUP STRUCTURE & AFFILIATED COMPANIES

 

Ultimate Holding Parent

No information for this company.

 

Immediate Holding Parent

No information for this company.

 

Subsidary Companies

Subsidiary Name

Country

Number

Joy Boy Aktiebolag

SWEDEN

5564553773

Joy Club Aktiebolag

SWEDEN

5565566972

 

Affiliates

Affiliate Name

Country

Number

No affiliates for this company.

 

 

Other Information

 

FINANCIAL INFORMATION

 

Profit and Loss

Financial Year

2010

Number of Weeks

61

Currency

SEK

Conslotidated Accounts

N

Revenue

292.963.000

Operating Costs

303.887.000

Operating Profit

-10.924.000

Wages & Salaries

-

Depreciation

-

Financial Income

-

Financial Expenses

-122.000

Extraordinary Income

-

Extraordinary Costs

-122.000

Profit before Tax

-11.046.000

Tax

1.730.000

Profit after Tax

-11.046.000

Minority Interests

-

Other Appropriations

108.400.000

Retained Profit

-9.316.000

 

Balance Sheet

 

Financial Year

2010

 

Number of Weeks

61

 

Currency

SEK

 

Consolidated Accounts

N

 

Land & Buildings

0

 

Plant & Machinery

0

 

Other Tangible Assets

17.138.000

 

Total Tangible Assets

17.138.000

 

Goodwill

61.997.000

 

Other Intangible Assets

1.800.000

 

Total Intangible Assets

63.797.000

 

Loans To Group

0

 

Other Loans

0

 

Miscellaneous Fixed Assets

2.080.000

 

Total Other Fixed Assets

2.080.000

 

TOTAL FIXED ASSETS

83.015.000

 

Work In Progress

0

 

Other Inventories

35.380.000

 

Total Inventories

35.380.000

 

Trade Receivables

287.000

 

Group Receivables

0

 

Miscellaneous Receivables

6.299.000

 

Total Receivables

6.586.000

 

Cash

10.379.000

 

Other Current Assets

0

 

TOTAL CURRENT ASSETS

52.345.000

 

TOTAL ASSETS

135.360.000

 

Trade Payables

14.256.000

 

Bank Liabilities

0

 

Group Payables

0

 

Miscellaneous Liabilities

20.826.000

 

TOTAL CURRENT LIABILITIES

35.082.000

 

Bank Liabilities Due After 1 Year

0

 

Other Loans Or Finance Due After 1 Year

0

 

Group Payables After 1 Year

0

 

Miscellaneous Liabilities Due After 1 Year

0

 

TOTAL LONG TERM LIABILITIES

194.000

 

TOTAL LIABILITIES

35.276.000

 

Called Up Share Capital

250.000

 

Share Premium

750.000

 

Revenue Reserves

-9.316.000

 

Other Reserves

Other Financials

Contingent Liabilities

108.400.000

Working Capital

17.263.000

Net Worth

36.287.000

108.400.000

 

TOTAL SHAREHOLDERS EQUITY

100.084.000

 

Ratios

Pre-Tax Profit Margin

-3.77 %

Return On Capital Employed

-6.48 %

Return On Total Assets Employed

-8.16 %

Return On Net Assets Employed

-11.04 %

Sales/Net Working Capital

16.97

Stock Turnover Ratio

12.08 %

Debtor Days

0.36

Creditor Days

17.76

Current Ratio

1.49

Liquidity Ratio/Acid Test

0.48

Current Debt Ratio

0.35

Gearing

0.19 %

Equity In Percentage

144.04 %

Total Debt Ratio

0.35

 

FOREIGN EXCHANGE RATES

Na

 

ADDITIONAL INFORMATION

 

Activities

Activity Code

Activity Description

47713

Retail sale of women''s clothing in specialised stores

47712

Retail sale of men''s clothing in specialised stores

 

Main Address

Address

Country

Telephone

Falkenbergsgatan 3, 8tr, 41285 GÖTEBORG

SWEDEN

031-7562700

 

Other Address

Address

Country

Nils Henrikssons Väg 3, PARTILLE 43335

SWEDEN

Flojelbergsgatan 14, 431 37 Molndal,

Frykmans Väg 1 C, KARLSTAD 65346

SWEDEN

SWEDEN

Gesällvägen 1, SUNDSVALL 85753

SWEDEN

Torggatan 21-23, BORÅS 50334

SWEDEN

Ulvsundavägen 185 C, BROMMA 16867

SWEDEN

Kronetorpsvägen 2, ARLÖV 23237

SWEDEN

Drottninggatan 61, STOCKHOLM 11121

SWEDEN

Östra Förstadsgatan 56, MALMÖ 21212

SWEDEN

Krankroksgatan 17, VÄSTERÅS 72138

SWEDEN

Kungsgatan 21, ESKILSTUNA 63220

SWEDEN

Farstaplan 25, FARSTA 12347

SWEDEN

Postgatan 26-32, GÖTEBORG 41106

SWEDEN

Frölunda Torg, VÄSTRA FRÖLUNDA 42142

SWEDEN

Hamngatan 37, STOCKHOLM 11153

SWEDEN

Arenavägen 61, JOHANNESHOV 12177

SWEDEN

Marknadsgatan 1, UPPSALA 75431

SWEDEN

Nygatan 19 WINNGALLERIAN, GÄVLE 80320

SWEDEN

Lidaleden 12, NORRKÖPING 60359

SWEDEN

Storgatan 16, HALMSTAD 30243

SWEDEN

Kungsgatan 7, HELSINGBORG 25221

SWEDEN

Regeringsgatan 47-55, STOCKHOLM 11153

SWEDEN

Tornérplatsen 30, JÄRFÄLLA 17730

SWEDEN

Kompanigatan 50 A6 CENTER, JÖNKÖPING 55305

SWEDEN

Norra Långgatan 16, KALMAR 39232

SWEDEN

Västra Torggatan 1 AFFÄRSHUSET DUVAN, KARLSTAD 65225

SWEDEN

Kungsgatan 45, GÖTEBORG 41115

SWEDEN

Drottninggatan 41, NORRKÖPING 60232

SWEDEN

Nygatan 22, LINKÖPING 58219

SWEDEN

Skeppsbrogatan 28 STRAND GALLERIA, LULEÅ 97232

SWEDEN

Företagsvägen 10, LUND 22761

SWEDEN

Södergatan 26, MALMÖ 21134

SWEDEN

Varuvägen 10, ÖREBRO 70236

SWEDEN

Per Albin Hanssons Väg 40, MALMÖ 21432

SWEDEN

Brogatan 6, MÖLNDAL 43130

SWEDEN

Forumvägen 12, NACKA 13153

SWEDEN

Västra Storgatan 24 VARUHUSET NYCKELN, NYKÖPING 61132

SWEDEN

Nygatan 50 CITYKOMPANIET, SKELLEFTEÅ 93131

SWEDEN

Byholmsgången 1-3, SKÄRHOLMEN 12748

SWEDEN

Sollentunavägen 163, SOLLENTUNA 19147

SWEDEN

Sandbergs Plats 20 B, STENUNGSUND 44430

SWEDEN

Sjögatan 17 FORUMGALLERIAN, SUNDSVALL 85234

SWEDEN

Svedengatan 7, LINKÖPING 58273

SWEDEN

Torp 32, UDDEVALLA 45176

SWEDEN

Gunborg Nymans Väg 2, ESKILSTUNA 63222

SWEDEN

Storgatan 258, TÄBY 18334

SWEDEN

Västra Rådhusgatan 7, UMEÅ 90326

SWEDEN

Dragarbrunnsgatan 43, UPPSALA 75320

SWEDEN

, Ödåkra-Väla 

SWEDEN

Vännäsgången 17, VÄLLINGBY 16265

SWEDEN

Dragonvägen 86, UPPLANDS VÄSBY 19433

SWEDEN

Gallerian 110, VÄSTERÅS 72213

SWEDEN

Storgatan 10 LINNÉGALLERIAN, VÄXJÖ 35231

SWEDEN

Drottninggatan 27 KRÄMAREN, ÖREBRO 70222

SWEDEN

Ladugårdsvägen 14, TROLLHÄTTAN 46170

SWEDEN

 

Email Addresses

info@joyshop.se

 

Web Pages

www.joyshop.se

 

Employee Information

Year

Number of Employees

2010

180

 

Advisors

Auditor Name

PricewaterhouseCoopers AB

Additional Information

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

47713

Activity Description

Retail sale of women''s clothing in specialised stores

Industry Average Credit Rating

68 (1 - 100)

Industry Average Credit Limit

17.000 SEK

 

Event History

Event Date

Event Description

22/12/2011

Board, changed

22/12/2011

Authorised signatory, changed

22/12/2011

Company representatives, changed

03/12/2011

Limit, decrease

07/10/2011

Board, changed

07/10/2011

Authorised signatory, changed

07/10/2011

Company business activity, changed

07/10/2011

Company representatives, changed

07/10/2011

Limit, decrease

11/03/2011

Annual account, new

11/03/2011

Limit, increase

04/03/2011

Annual report (PDF), new

26/11/2009

Authorised signatory, changed

26/11/2009

Board, changed

26/11/2009

Company representatives, changed

09/10/2009

Authorised signatory, changed

09/10/2009

Company representatives, changed

09/10/2009

Board, changed

24/08/2009

Address, changed

17/08/2009

Company representatives, changed

17/08/2009

Authorised signatory, changed

17/08/2009

Board, changed

28/07/2009

Employment tax, changed

10/07/2009

Company tax, changed

10/07/2009

VAT, changed

06/07/2009

Board, changed

06/07/2009

Company representatives, changed

06/07/2009

Company business activity, changed

06/07/2009

Authorised signatory, changed

Negative Information

 

Share Capital Structure

 

 

NOTES & COMMENTS

 

Na

 


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.52.78

UK Pound

1

Rs.82.33

Euro

1

Rs.68.19

 

 

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.