MIRA INFORM REPORT

 

 

Report Date :

30.06.2012

 

IDENTIFICATION DETAILS

 

Name :

BROKMATT DESIGN AKTIEBOLAG

 

 

Registered Office :

33123 Värnamo

 

 

Country :

Sweden

 

 

Financials (as on) :

2010

 

 

Date of Incorporation :

26.02.1979

 

 

Com. Reg. No.:

5561993865

 

 

Legal Form :

Limited Liability Company

 

 

Line of Business :

Retail sale of textiles in specialised stores

 

 

No. of Employees :

02

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Status :

Satisfactory

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

 

 


REGISTERED NAME & COMPANY SUMMARY

 

Company Summary

Business Name

Brokmatt Design Aktiebolag

Country

SWEDEN

Company Registration Number

5561993865

Main Activity

Retail sale of textiles in specialised stores

Activity Code

47510

Company Status

Active

Latest Turnover Figure

4.257.000 SEK

Latest Shareholder Equity Figure

294.000 SEK

 

Company Information

Basic Information

Business Name

Brokmatt Design Aktiebolag

Registered Company Name

Brokmatt Design Aktiebolag

Company Registration Number

5561993865

Country

SWEDEN

VAT Registration Number

SE556199386501

Date of Company Registration

26/02/1979

Legal Form

Limited liability company

Company Status

Active

Currency of this Report

SEK

Principal Activity Description

Bolaget skall bedriva tillverkning och försäljning av mattor och textilier ävensom idka därmed förenlig verksamhet.

Contact Address

33123 VÄRNAMO

Contact Telephone Number

0370-18508

 

Activities

Activity Code

Activity Description

47510

Retail sale of textiles in specialised stores

46470

Wholesale of furniture, carpets and lighting equipment

 

Contact Information

Main Address

Address

Country

Telephone

Box 335, 33123 VÄRNAMO

SWEDEN

0370-18508

 

Other Address

Address

Country

No other addresses for this company.

 

 

Email Addresses

No information for this company.

 

Web Pages

No information for this company.

Share Capital Structure

DIRECTORS/MANAGEMENT

 

Current Directors

Name

Appointment Date

Position

Barbara Hosak

11/09/1996

Actual Member of Board

Hans Wolfgang Hosak

31/10/2003

Substitute

 

 

NEGATIVE INFORMATION

 

Na

 

 

SHARE & SHARE CAPITAL INFORMATION

 

Issued Share Capital

100.000 SEK

 

 

PAYMENT INFORMATION

 

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

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

 

 

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

4.334.000

4.170.000

4.562.000

Operating Costs

4.235.000

4.135.000

4.402.000

Operating Profit

99.000

35.000

160.000

Wages & Salaries

-655.000

-674.000

-908.000

Depreciation

-119.000

-31.000

-35.000

Financial Income

-

-

2.000

Financial Expenses

-92.000

-122.000

-160.000

Extraordinary Income

-

-

-

Extraordinary Costs

-92.000

-122.000

-160.000

Profit before Tax

7.000

-87.000

1.000

Tax

-

3.000

-6.000

Profit after Tax

7.000

-87.000

1.000

Minority Interests

-

-

-

Other Appropriations

-

39.000

2.000

Retained Profit

7.000

-45.000

-3.000

 

 

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

164.000

194.000

211.000

Total Tangible Assets

164.000

194.000

211.000

Goodwill

0

0

0

Other Intangible Assets

352.000

410.000

0

Total Intangible Assets

352.000

410.000

0

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

516.000

605.000

211.000

Work In Progress

0

0

0

Other Inventories

1.627.000

1.574.000

1.880.000

Total Inventories

1.627.000

1.574.000

1.880.000

Trade Receivables

562.000

540.000

491.000

Group Receivables

0

0

0

Miscellaneous Receivables

479.000

401.000

599.000

Total Receivables

1.041.000

941.000

1.090.000

Cash

0

0

0

Other Current Assets

0

0

0

TOTAL CURRENT ASSETS

2.668.000

2.515.000

2.970.000

TOTAL ASSETS

3.184.000

3.120.000

3.181.000

Trade Payables

646.000

768.000

680.000

Bank Liabilities

1.900.000

1.759.000

1.812.000

Group Payables

0

0

0

Miscellaneous Liabilities

343.000

255.000

268.000

TOTAL CURRENT LIABILITIES

2.889.000

2.782.000

2.760.000

Bank Liabilities Due After 1 Year

0

0

0

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

0

0

39.000

TOTAL LONG TERM LIABILITIES

0

0

39.000

TOTAL LIABILITIES

2.890.000

2.783.000

2.798.000

Called Up Share Capital

100.000

100.000

100.000

Share Premium

0

0

0

Revenue Reserves

161.000

204.000

249.000

Other Reserves

33.000

33.000

34.000

TOTAL SHAREHOLDERS EQUITY

294.000

337.000

383.000

Other Financials

Contingent Liabilities

0

0

0

Working Capital

-221.000

-267.000

210.000

Net Worth

-58.000

-73.000

383.000

Ratios

Pre-Tax Profit Margin

0.16 %

-2.09 %

0.02 %

Return On Capital Employed

0.12 %

-1.47 %

0.02 %

Return On Total Assets Employed

0.22 %

-2.79 %

0.03 %

Return On Net Assets Employed

2.38 %

-25.82 %

0.26 %

Sales/Net Working Capital

-19.61

-15.62

21.72

Stock Turnover Ratio

37.54 %

37.75 %

41.21 %

Debtor Days

47.33

47.27

39.28

Creditor Days

54.40

67.22

54.41

Current Ratio

0.92

0.90

1.08

Liquidity Ratio/Acid Test

0.36

0.34

0.39

Current Debt Ratio

9.83

8.26

7.21

Gearing

646.26 %

521.96 %

473.11 %

Equity In Percentage

10.38 %

12.44 %

12.04 %

Total Debt Ratio

9.83

8.26

7.31

 

 

FOREIGN EXCHANGE RATES

 

Na

 

 

ADDITIONAL INFORMATION

 

Employee Information

Year

Number of Employees

2010

2

2009

2

2008

2

2007

2

2006

2

Advisors

Auditor Name

Wolfgang Gunnar Löw

Additional Information

Tax Registrations

Registered for Tax

Yes

Registered for VAT

Yes

Registered for Employee Tax

Yes

 

Certificates

Type

Category

Issuer

No certificate information for this company.

 

 

 

Industry Comparison

Activity Code

47510

Activity Description

Retail sale of textiles in specialised stores

 

Event History

Event Date

Event Description

08/08/2011

Limit, increase

08/08/2011

Annual account, new

28/07/2011

Annual report (PDF), new

29/03/2011

Fax number, removed

09/07/2010

Limit, decrease

09/07/2010

Annual account, new

30/06/2010

Annual report (PDF), new

20/07/2009

Limit, decrease

20/07/2009

Annual account, new

09/07/2009

Annual report (PDF), new

16/05/2008

Annual account, new

13/05/2008

Annual report (PDF), new

 

 

NOTES & COMMENTS

 

Na


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.56.31

UK Pound

1

Rs.88.06

Euro

1

Rs.70.91

 

INFORMATION DETAILS

 

Report Prepared by :

MNL

 

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.