MIRA
INFORM REPORT
|
Report Date : |
16.01.2012 |
IDENTIFICATION DETAILS
|
Name : |
THE SHIRT FACTORY AKTIEBOLAG |
|
|
|
|
Registered Office : |
Box 5015, 10241 Stockholm |
|
|
|
|
Country : |
Sweden |
|
|
|
|
Financials (as on) : |
2010 |
|
|
|
|
Date of Incorporation : |
12.02.1987 |
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|
|
|
Com. Reg. No.: |
5562935477 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
Design and conduct trade with
clothing also engage in related
business. |
|
|
|
|
No. of Employees : |
40 |
RATING & COMMENTS
|
MIRAs Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
3.700.000 SEK |
|
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 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 |
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Restricted |
C2 |
|
Off-credit |
D |
REGISTERED NAME
& COMPANY SUMMARY
|
Business Name |
The Shirt Factory Aktiebolag |
|
Country |
SWEDEN |
|
Company
Registration Number |
5562935477 |
|
Main Activity |
Retail sale of men''s clothing in specialised stores |
|
Activity Code |
47712 |
|
Company Status |
Active |
|
Latest Turnover
Figure |
52.867.000 SEK |
|
Latest
Shareholder Equity Figure |
11.229.000 SEK |
|
Credit Limit |
3.700.000 SEK |
|
Basic Information |
|
|
Business Name |
The Shirt Factory Aktiebolag |
|
Registered
Company Name |
The Shirt Factory Aktiebolag |
|
Company
Registration Number |
5562935477 |
|
Country |
SWEDEN |
|
VAT Registration
Number |
SE556293547701 |
|
Date of Company
Registration |
12/02/1987 |
|
Legal Form |
Limited liability company |
|
Company Status |
Active |
|
Currency of this
Report |
SEK |
|
Principal
Activity Description |
The Company shall perform the design
and conduct trade with clothing
also engage in related business. |
|
Contact Address |
10241 STOCKHOLM |
|
Contact
Telephone Number |
08-54501580 |
|
Activities |
|
|
Activity Code |
Activity
Description |
|
47712 |
Retail sale of men''s clothing in specialised stores |
|
47713 |
Retail sale of women''s clothing in specialised stores |
|
Main Address |
||
|
Address |
Country |
Telephone |
|
Box 5015, 10241 STOCKHOLM |
SWEDEN |
08-54501580 |
|
Other Address |
|
|
Address |
Country |
|
Majorsvδgen 2-4, JΔRFΔLLA 17738 |
SWEDEN |
|
Hamngatan 37, STOCKHOLM 11153 |
SWEDEN |
|
Malmborgsgatan
6, MALMΦ 21138 |
SWEDEN |
|
Hamngatan 18-20, STOCKHOLM 11147 |
SWEDEN |
|
Drottninggatan 39, GΦTEBORG 41107 |
SWEDEN |
|
Hamngatan 18-20, STOCKHOLM 11147 |
SWEDEN |
|
Hφtorget 15, STOCKHOLM 11157 |
SWEDEN |
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Grev Turegatan 9 A, STOCKHOLM 11446 |
SWEDEN |
|
Gφtgatan 9, STOCKHOLM 11646 |
SWEDEN |
|
Strφget 212, TΔBY 18334 |
SWEDEN |
|
Email Addresses |
|
info@shirtfactory.se |
|
Web Pages |
|
www.shirtfactory.se |
CREDIT RECOMENDATION
Current Credit Limit: 3.700.000 SEK
DIRECTORS/MANAGEMENT
|
Current
Directors |
|||
|
Name |
Appointment
Date |
Position |
|
|
Tore Lennart Hendιn |
01/11/2003 |
Actual Member of Board |
|
|
Greger Arne Ericsson |
01/11/2003 |
Actual Member of Board |
|
|
Linnιa Braun Hendιn |
01/11/2003 |
Actual Member of Board |
|
NEGATIVE 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 |
- |
SHARE & SHARE CAPITAL
INFORMATION
|
Issued Share
Capital |
780.000 SEK |
PAYMENT INFORMATION
GROUP STRUCTURE & AFFILIATED
COMPANIES
|
No group structure for this company. |
FINANCIAL INFORMATION
|
Profit and Loss |
|||
|
Financial Year |
2010 |
2009 |
2008 |
|
Number of Weeks |
52 |
52 |
52 |
|
Currency |
SEK |
SEK |
SEK |
|
Conslotidated
Accounts |
N |
N |
N |
|
Revenue |
52.872.000 |
51.279.000 |
49.455.000 |
|
Operating Costs |
48.790.000 |
51.879.000 |
48.271.000 |
|
Operating Profit |
4.082.000 |
-600.000 |
1.184.000 |
|
Wages &
Salaries |
-16.936.000 |
-16.124.000 |
-15.773.000 |
|
Depreciation |
-1.658.000 |
-1.837.000 |
-1.860.000 |
|
Financial Income |
2.000 |
9.000 |
- |
|
Financial
Expenses |
-176.000 |
-257.000 |
-588.000 |
|
Extraordinary Income |
- |
- |
- |
|
Extraordinary
Costs |
-176.000 |
-257.000 |
-588.000 |
|
Profit before
Tax |
3.907.000 |
-848.000 |
596.000 |
|
Tax |
-765.000 |
- |
-197.000 |
|
Profit after Tax |
3.907.000 |
-848.000 |
596.000 |
|
Minority
Interests |
- |
- |
- |
|
Other
Appropriations |
-968.000 |
692.000 |
- |
|
Retained Profit |
2.175.000 |
-157.000 |
400.000 |
|
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 |
2.049.000 |
2.476.000 |
2.728.000 |
|
Total Tangible
Assets |
2.049.000 |
2.476.000 |
2.728.000 |
|
Goodwill |
0 |
0 |
0 |
|
Other Intangible
Assets |
80.000 |
600.000 |
1.120.000 |
|
Total Intangible
Assets |
80.000 |
600.000 |
1.120.000 |
|
Loans To Group |
0 |
0 |
0 |
|
Other Loans |
0 |
0 |
0 |
|
Miscellaneous
Fixed Assets |
0 |
0 |
0 |
|
Total Other
Fixed Assets |
0 |
0 |
0 |
|
TOTAL FIXED
ASSETS |
2.129.000 |
3.076.000 |
3.848.000 |
|
Work In Progress |
0 |
0 |
0 |
|
Other
Inventories |
13.236.000 |
11.405.000 |
13.961.000 |
|
Total
Inventories |
13.236.000 |
11.405.000 |
13.961.000 |
|
Trade
Receivables |
328.000 |
787.000 |
1.566.000 |
|
Group
Receivables |
0 |
0 |
0 |
|
Miscellaneous
Receivables |
3.501.000 |
3.173.000 |
3.878.000 |
|
Total
Receivables |
3.829.000 |
3.960.000 |
5.444.000 |
|
Cash |
2.790.000 |
2.407.000 |
133.000 |
|
Other Current
Assets |
0 |
0 |
0 |
|
TOTAL CURRENT ASSETS |
19.854.000 |
17.772.000 |
19.538.000 |
|
TOTAL ASSETS |
21.983.000 |
20.848.000 |
23.387.000 |
|
Trade Payables |
725.000 |
1.363.000 |
1.301.000 |
|
Bank Liabilities |
1.408.000 |
1.408.000 |
2.481.000 |
|
Group Payables |
0 |
0 |
0 |
|
Miscellaneous Liabilities |
4.317.000 |
4.278.000 |
3.539.000 |
|
TOTAL CURRENT
LIABILITIES |
6.450.000 |
7.049.000 |
7.321.000 |
|
Bank Liabilities
Due After 1 Year |
2.362.000 |
3.770.000 |
5.178.000 |
|
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 |
1.942.000 |
974.000 |
1.676.000 |
|
TOTAL LONG TERM
LIABILITIES |
4.304.000 |
4.744.000 |
6.854.000 |
|
TOTAL
LIABILITIES |
10.754.000 |
11.794.000 |
14.176.000 |
|
Called Up Share
Capital |
780.000 |
780.000 |
780.000 |
|
Share Premium |
0 |
0 |
0 |
|
Revenue Reserves |
7.339.000 |
5.164.000 |
5.321.000 |
|
Other Reserves |
3.110.000 |
3.110.000 |
3.110.000 |
|
TOTAL
SHAREHOLDERS EQUITY |
11.229.000 |
9.054.000 |
9.211.000 |
|
Other Financials |
|||
|
Contingent
Liabilities |
1.061.000 |
0 |
0 |
|
Working Capital |
13.404.000 |
10.723.000 |
12.217.000 |
|
Net Worth |
11.149.000 |
8.454.000 |
8.091.000 |
|
Ratios |
|||
|
Pre-Tax Profit
Margin |
7.39 % |
-1.65 % |
1.21 % |
|
Return On
Capital Employed |
13.74 % |
-3.04 % |
1.94 % |
|
Return On Total
Assets Employed |
17.77 % |
-4.07 % |
2.55 % |
|
Return On Net
Assets Employed |
34.79 % |
-9.37 % |
6.47 % |
|
Sales/Net Working
Capital |
3.94 |
4.78 |
4.05 |
|
Stock Turnover
Ratio |
25.03 % |
22.24 % |
28.23 % |
|
Debtor Days |
2.26 |
5.60 |
11.56 |
|
Creditor Days |
5.01 |
9.70 |
9.60 |
|
Current Ratio |
3.08 |
2.52 |
2.67 |
|
Liquidity
Ratio/Acid Test |
1.03 |
0.90 |
0.76 |
|
Current Debt
Ratio |
0.57 |
0.78 |
0.79 |
|
Gearing |
33.57 % |
57.19 % |
83.26 % |
|
Equity In
Percentage |
51.27 % |
44.72 % |
41.37 % |
|
Total Debt Ratio |
0.96 |
1.30 |
1.54 |
FOREIGN EXCHANGE RATES
ADDITIONAL INFORMATION
|
Employee
Information |
|
|
Year |
Number of
Employees |
|
2010 |
40 |
|
2009 |
40 |
|
2008 |
39 |
|
2007 |
35 |
|
2006 |
30 |
|
Advisors |
|
|
Auditor Name |
Carl Thomas Daae |
|
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 |
47712 |
|
Activity
Description |
Retail sale of men''s clothing in specialised stores |
|
Industry Average
Credit Rating |
71 (1 - 100) |
|
Industry Average
Credit Limit |
154.000 SEK |
|
Event History |
|
|
Event Date |
Event
Description |
|
18/08/2011 |
Authorised signatory, changed |
|
19/05/2011 |
Limit, increase |
|
19/05/2011 |
Annual account, new |
|
16/05/2011 |
Annual report (PDF), new |
|
26/05/2010 |
Annual account, new |
|
26/05/2010 |
Limit, decrease |
|
24/05/2010 |
Annual report (PDF), new |
|
19/05/2009 |
Limit, decrease |
|
19/05/2009 |
Annual account, new |
|
12/05/2009 |
Annual report (PDF), new |
|
16/06/2008 |
Annual account, new |
|
05/06/2008 |
Annual report (PDF), new |
|
20/06/2007 |
Annual account, new |
|
15/05/2007 |
Authorised signatory, changed |
|
15/05/2007 |
Board, changed |
NOTES & COMMENTS
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.51.43 |
|
|
1 |
Rs.79.10 |
|
Euro |
1 |
Rs.66.17 |
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 SCs 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.