MIRA INFORM REPORT

 

 

Report Date :

28.06.2012

 

IDENTIFICATION DETAILS

 

Name :

STREHOG AB

 

 

Registered Office :

Sodra Vagen 41, Emmaboda, 36122

 

 

Country :

Sweden

 

 

Financials (as on) :

31.12.2010

 

 

Date of Incorporation :

1907

 

 

Com. Reg. No.:

5560075011

 

 

Legal Form :

Private Subsidiary

 

 

Line of Business :

Textile Product Manufacturing

 

 

No. of Employees :

19

 

 

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

 

Strehog AB

 

 

 

Sodra vagen 41

 

 

Emmaboda, 36122

Sweden

 

Tel:

+46 471 482 40

Fax:

+46 471 135 80

 

www.strehog.se

 

Employees:

19

Company Type:

Private Subsidiary

Corporate Family:

2 Companies

Ultimate Parent:

Strehog Fastighets AB

 

 

Incorporation Date:

1907

 

 

 

 

 

 

 

Fiscal Year End:

31-Dec-2010

Reporting Currency:

Swedish Krona

Annual Sales:

9.7

Net Income:

0.4

Total Assets:

5.2

 

 

 

 

 

 

 

Business Description

 

 

Strehog AB is primarily engaged in (1) manufacturing woven, tufted, and other carpets and rugs, such as art squares, floor mattings, needlepunch carpeting, and door mats and mattings, from textile materials or from twisted paper, grasses, reeds, sisal, jute, or rags and/or (2) finishing carpets and rugs.

 

 

Industry

 

 

Industry

Textiles - Non Apparel

ANZSIC 2006:

1331 - Textile Floor Covering Manufacturing

NACE 2002:

1751 - Manufacture of carpets and rugs

NAICS 2002:

314110 - Carpet and Rug Mills

UK SIC 2003:

1751 - Manufacture of carpets and rugs

US SIC 1987:

2273 - Carpets and Rugs

 

Key Executives

 

 

 

Name

Title

Jonas Claes Claesson

verkst dir, Sales Director

Anette Stenqvisth

Finance Manager

Karin Persson

mattor

Erik Brennmoen

ledamot

 

 

Registered No.(SWE)

 

5560075011

 

1 - Profit & Loss Item Exchange Rate: USD 1 = SEK 7.206564

2 - Balance Sheet Item Exchange Rate: USD 1 = SEK 6.72285

 

 

Corporate Overview

 

 

Location
Södra Vägen 41
Emmaboda, 36122
Sweden

 

Tel:

+46 471 482 40

Fax:

+46 471 135 80

 

www.strehog.se

Sales SEK(mil):

69.6

Assets SEK(mil):

34.7

Employees:

19

Fiscal Year End:

31-Dec-2010

 

 

 

Industry:

Textiles - Non Apparel

Incorporation Date:

1907

Company Type:

Private Subsidiary

Quoted Status:

Not Quoted

Registered No.(SWE):

5560075011

 

verkst dir, Sales Director:

Jonas Claes Claesson

 

 

Industry Codes

 

 

 

ANZSIC 2006 Codes:

133

-

Textile Product Manufacturing

1331

-

Textile Floor Covering Manufacturing

 

NACE 2002 Codes:

1751

-

Manufacture of carpets and rugs

175

-

Manufacture of other textiles

 

NAICS 2002 Codes:

314110

-

Carpet and Rug Mills

3141

-

Textile Furnishings Mills

31411

-

Carpet and Rug Mills

 

US SIC 1987:

2273

-

Carpets and Rugs

239

-

Miscellaneous Fabricated Textile Products

 

UK SIC 2003:

175

-

Manufacture of other textiles

1751

-

Manufacture of carpets and rugs

 

 

Business Description

 

 

Strehög AB is primarily engaged in (1) manufacturing woven, tufted, and other carpets and rugs, such as art squares, floor mattings, needlepunch carpeting, and door mats and mattings, from textile materials or from twisted paper, grasses, reeds, sisal, jute, or rags and/or (2) finishing carpets and rugs.

 

 

 

 

 

 

Financial Data

 

 

Financials in:

SEK(mil)

 

Revenue:

69.6

Net Income:

3.1

Assets:

34.7

Total Liabilities:

14.6

 

 

 

Date of Financial Data:

31-Dec-2010

 

1 Year Growth

NA

NA

NA

 

 

Key Corporate Relationships

Bank:

Svenska Handelsbanken

 

 

 

 

 

Corporate Structure News:

 

 

 

Company Name

Company Type

Location

Country

Industry

Sales
(USD mil)

Employees

Source

Strehög Fastighets AB

Parent

 

 

 

 

 

 

Strehög AB

Subsidiary

Emmaboda, Kalmar

Sweden

Textiles - Non Apparel

9.7

19

KMPS

 

 

Executives Report



 

Board of Directors

 

Name

Title

Function

 

Erik Brennmoen

 

ledamot

Director/Board Member

 

 

Executives

 

Name

Title

Function

 

Jonas Claes Claesson

 

verkst dir, Sales Director

Managing Director

 

Anette Stenqvisth

 

Finance Manager

Finance Executive

 

Karin Persson

 

mattor

Purchasing Executive

 

 

 

Annual Profit & Loss

 

 

 

31-Dec-2010

31-Dec-2009

31-Dec-2008

Period Length

12 Months

12 Months

12 Months

Filed Currency

SEK

SEK

SEK

Exchange Rate (Period Average)

7.206564

7.645194

6.599156

Consolidated

No

No

No

 

 

 

 

Total Revenue

9.7

8.4

10.2

Gross Profit

0.9

0.8

0.7

Net Financial Items

0.0

0.0

0.0

Operating Income

0.8

0.8

0.7

Income Before Tax

0.6

0.5

0.5

Net Income

0.4

0.4

0.4

 

 

Annual Balance Sheet

 

 

Financials in: USD (mil)

 

 

 

31-Dec-2010

31-Dec-2009

31-Dec-2008

Filed Currency

SEK

SEK

SEK

Exchange Rate

6.72285

7.1401

7.90795

Consolidated

No

No

No

 

 

 

 

Total Assets

5.2

5.2

4.1

Provisions

1.0

0.8

0.5

Total Liabilities

2.2

2.6

2.1

Total Equity

2.0

1.8

1.5




Annual Ratios

 

 

 

 

31-Dec-2010

31-Dec-2009

31-Dec-2008

Period Length

12 Months

12 Months

12 Months

Filed Currency

-

-

-

Exchange Rate

-

-

-

Consolidated

No

No

No

 

 

 

 

Operating Margin

8.40

9.37

6.76

Current Ratio

190.83

157.11

185.25

Total debt/total equity

52.37

44.91

44.96

Return on average equity

30.60

34.65

29.84


Annual Growth Rates

 

 

 

31-Dec-2009

31-Dec-2008

Period Length

12 Months

12 Months

Filed Currency

-

-

Exchange Rate

-

-

Consolidated

No

No

 

 

 

Turnover Percent Change

8.55%

-3.99%

Marginal Contribution Percent Change

1.75%

27.40%

Net Financial Items Percent Change

-57.14%

79.17%

Operating Results Percent Change

-3.17%

29.63%

Profit/Loss Before Tax Percent Change

4.08%

15.87%

Profit/Loss for the Year Percent Change

2.79%

20.30%

Assets Percent Change

-6.37%

15.46%

Provisions Percent Change

23.10%

42.30%

Debts Percent Change

-22.58%

13.77%

Equity Capital Percent Change

4.73%

8.72%

Operating Margin Percent Change

-10.35%

38.61%

Current Ratio Percent Change

21.46%

-15.19%

Debt/Equity Ratio Percent Change

16.61%

-0.11%

Retun On Equity Percent Change

-11.69%

16.12%

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.57.21

UK Pound

1

Rs.89.42

Euro

1

Rs.71.46

 

 

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.