MIRA INFORM REPORT

 

 

Report Date :

07.07.2012

 

IDENTIFICATION DETAILS

 

Name :

FASHION TRADE AB

 

 

Registered Office :

Druveforsvagen 32, Boras, 50110

 

 

Country :

Sweden

 

 

Financials (as on) :

30.04.2010

 

 

Date of Incorporation :

1933

 

 

Com. Reg. No.:

5560322892

 

 

Legal Form :

Private Subsidiary

 

 

Line of Business :

Engaged in retailing new floor coverings

 

 

No. of Employees :

24

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

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 – 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

Company name

 

Fashion Trade AB

 

 

 

Druveforsvägen 32

 

 

BorĂ¥s, 50110

Sweden

 

Tel:

+46 33 16 99 00

 

www.fashiontrade.se

 

 

Employees:

24

Company Type:

Private Subsidiary

Corporate Family:

2 Companies

Ultimate Parent:

Fashion Trade International AB

 

 

Incorporation Date:

1933

 

 

 

 

 

 

 

Fiscal Year End:

30-Apr-2011

Reporting Currency:

Swedish Krona

Annual Sales:

13.9

Net Income:

0.3

Total Assets:

6.1

 

 

 

 

 

 

 

 

Business Description

 

 

Fashion Trade AB is primarily engaged in retailing new floor coverings, such as rugs and carpets, vinyl floor coverings, and floor tile (except ceramic or wood only); or retailing new floor coverings in combination with installation and repair services.

 

Industry

 

 

Industry

Retail (Specialty)

ANZSIC 2006:

4212 - Floor Coverings Retailing

NACE 2002:

5248 - Other retail sale in specialised stores

NAICS 2002:

442210 - Floor Covering Stores

UK SIC 2003:

52481 - Retail sale of floor coverings

US SIC 1987:

5713 - Floor Covering Stores

 

Key Executives

 

 

 

 

Name

Title

 

Anders Niclas Palmqvist

verkst dir

 

Jan Nicklas Ă–rvall

ledamot

 

Hans Ove Persson

ledamot och ordförande

 

Björn Inge Persson

ledamot

 

 

 

News

 

 

Title

Date

Spotlight on indies
The Business Times (752 Words)

19-May-2012

Preakness is a season unto itself at local boutiques
Baltimore Sun (MD) (1164 Words)

16-May-2012

Magic To Launch Dedicated Home Textiles Area Within Sourcing At Magic
PR Newswire US (581 Words)

7-May-2012

Crocs 'kept in tiny pens for glamour market'
Daily News (South Africa) (351 Words)

27-Apr-2012

Officials Say a Little Italy Tradition Is Back: The Mob at San Gennaro
New York Times (983 Words)

19-Apr-2012

 

 

Registered No.(SWE)

 

5560322892

 

1 - Profit & Loss Item Exchange Rate: USD 1 = SEK 6.951211

2 - Balance Sheet Item Exchange Rate: USD 1 = SEK 6.0274

 

 

Corporate Overview

 

 

Location
Druveforsvägen 32
BorĂ¥s, 50110
Sweden

 

Tel:

+46 33 16 99 00

 

www.fashiontrade.se

Sales SEK(mil):

96.4

Assets SEK(mil):

36.8

Employees:

24

Fiscal Year End:

30-Apr-2011

 

 

 

Industry:

Retail (Specialty)

Incorporation Date:

1933

Company Type:

Private Subsidiary

Quoted Status:

Not Quoted

Registered No.(SWE):

5560322892

 

verkst dir:

Anders Niclas Palmqvist

 

 

Industry Codes

 

 

 

ANZSIC 2006 Codes:

3712

-

Clothing and Footwear Wholesaling

4212

-

Floor Coverings Retailing

371

-

Textile, Clothing and Footwear Wholesaling

3731

-

Furniture and Floor Covering Wholesaling

3711

-

Textile Product Wholesaling

 

NACE 2002 Codes:

5142

-

Wholesale of clothing and footwear

5248

-

Other retail sale in specialised stores

514

-

Wholesale of household goods

5147

-

Wholesale of other household goods

5141

-

Wholesale of textiles

 

NAICS 2002 Codes:

42431

-

Piece Goods, Notions, and Other Dry Goods Merchant Wholesalers

442210

-

Floor Covering Stores

42322

-

Home Furnishing Merchant Wholesalers

42434

-

Footwear Merchant Wholesalers

423220

-

Home Furnishing Merchant Wholesalers

424340

-

Footwear Merchant Wholesalers

4243

-

Apparel, Piece Goods, and Notions Merchant Wholesalers

424310

-

Piece Goods, Notions, and Other Dry Goods Merchant Wholesalers

 

US SIC 1987:

5131

-

Piece Goods, Notions, and Other Dry Good

5713

-

Floor Covering Stores

5023

-

Home furnishings

5139

-

Footwear

513

-

Apparel, Piece Goods, and Notions

 

UK SIC 2003:

5142

-

Wholesale of clothing and footwear

52481

-

Retail sale of floor coverings

514

-

Wholesale of household goods

5147

-

Wholesale of other household goods

5141

-

Wholesale of textiles

51423

-

Wholesale of footwear

 

 

Business Description

 

 

Fashion Trade AB is primarily engaged in retailing new floor coverings, such as rugs and carpets, vinyl floor coverings, and floor tile (except ceramic or wood only); or retailing new floor coverings in combination with installation and repair services.

 

 

 

 

 

 

Financial Data

 

 

Financials in:

SEK(mil)

 

Revenue:

96.4

Net Income:

2.1

Assets:

36.8

Total Liabilities:

8.8

 

 

 

Date of Financial Data:

30-Apr-2011

 

1 Year Growth

NA

NA

NA

 

 

Corporate Structure News:

 

Fashion Trade AB

Fashion Trade AB
Total Corporate Family Members: 2

 

 

 

Company Name

Company Type

Location

Country

Industry

Sales
(USD mil)

Employees

 

Fashion Trade International AB

Parent

 

 

 

 

 

 

Fashion Trade AB

Subsidiary

BorĂ¥s, Västra Götaland

Sweden

Retail (Specialty)

13.9

24

 

 

Executives Report



 

Board of Directors

 

Name

Title

Function

 

Jan Nicklas Ă–rvall

 

ledamot

Director/Board Member

 

Björn Inge Persson

 

ledamot

Director/Board Member

 

Hans Ove Persson

 

ledamot och ordförande

Director/Board Member

 

 

Executives

 

Name

Title

Function

 

Anders Niclas Palmqvist

 

verkst dir

Managing Director

 

 

 

Annual Profit & Loss

 

 

 

 

30-Apr-2011

30-Apr-2010

30-Apr-2009

Period Length

12 Months

12 Months

12 Months

Filed Currency

SEK

SEK

SEK

Exchange Rate (Period Average)

6.951211

7.267825

7.301592

Consolidated

No

No

No

 

 

 

 

Total Revenue

13.9

13.3

14.9

Gross Profit

1.1

0.8

1.4

Net Financial Items

0.0

0.0

0.1

Operating Income

1.1

0.8

1.4

Income Before Tax

0.4

0.4

0.3

Net Income

0.3

0.3

0.2


Annual Balance Sheet

 

Financials in: USD (mil)

 

 

 

30-Apr-2011

30-Apr-2010

30-Apr-2009

Filed Currency

SEK

SEK

SEK

Exchange Rate

6.0274

7.2486

8.0545

Consolidated

No

No

No

 

 

 

 

Total Assets

6.1

4.8

5.3

Provisions

-

-

0.1

Total Liabilities

1.5

1.2

2.3

Total Equity

4.7

3.6

3.0

 

 

Annual Ratios

 

 

 

 

30-Apr-2011

30-Apr-2010

30-Apr-2009

Period Length

12 Months

12 Months

12 Months

Filed Currency

-

-

-

Exchange Rate

-

-

-

Consolidated

No

No

No

 

 

 

 

Operating Margin

8.13

6.10

10.14

Current Ratio

418.55

384.93

230.63

Total debt/total equity

76.23

74.53

57.21

Return on average equity

27.89

22.65

44.84

 

Annual Growth Rates

 

 

 

 

30-Apr-2010

30-Apr-2009

Period Length

12 Months

12 Months

Filed Currency

-

-

Exchange Rate

-

-

Consolidated

No

No

 

 

 

Turnover Percent Change

-0.42%

-11.29%

Marginal Contribution Percent Change

32.18%

-44.68%

Net Financial Items Percent Change

57.81%

-79.42%

Operating Results Percent Change

32.29%

-44.75%

Profit/Loss Before Tax Percent Change

-3.88%

15.25%

Profit/Loss for the Year Percent Change

-3.25%

20.17%

Assets Percent Change

5.49%

-18.99%

Provisions Percent Change

-

-100.00%

Debts Percent Change

-1.52%

-51.01%

Equity Capital Percent Change

7.89%

8.88%

Operating Margin Percent Change

33.28%

-39.84%

Current Ratio Percent Change

8.73%

66.90%

Debt/Equity Ratio Percent Change

2.28%

30.27%

Retun On Equity Percent Change

23.13%

-49.49%

 
 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.55.41

UK Pound

1

Rs.86.04

Euro

1

Rs.68.60

 

 

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%)

 

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.