MIRA INFORM REPORT

 

 

Report Date :

14.05.2012

 

IDENTIFICATION DETAILS

 

Name :

NORDCELL AB

 

 

Registered Office :

Frihamnsgatan 25, Stockholm, 11556

 

 

Country :

Sweden

 

 

Financials (as on) :

31.12.2010

 

 

Year of Establishment :

1992

 

 

Com. Reg. No.:

5564469368

 

 

Legal Form :

Private Independent Company

 

 

Line of Business :

Subject is engaged in establishments (except those known as home centers, paint and wallpaper stores, and hardware stores)

 

 

No. of Employees :

02

 

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

A2

A2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 

Company name & address 

 

Nordcell AB

Frihamnsgatan 25

Stockholm, 11556

Sweden

Tel:       +46 8 662 33 65

 

 

Synthesis     

 

Employees:                    2

Company Type:              Private Independent

Incorporation Date:         1992   

Financials in:                 USD (Millions)

Fiscal Year End:            31-Dec-2010

Reporting Currency:       Swedish Krona

Annual Sales:               42.5

Net Income:                  0.2

Total Assets:                1.7

 

 

Business Description     

 

Nordcell AB is primarily engaged in establishments (except those known as home centers, paint and wallpaper stores, and hardware stores) primarily engaged in retailing specialized lines of new building materials, such as lumber, fencing, glass, doors, plumbing fixtures and supplies, electrical supplies, prefabricated buildings and kits, and kitchen and bath cabinets and countertops to be installed.

 

Industry             

Industry            Retail (Home Improvement)

ANZSIC 2006:    4231 - Hardware and Building Supplies Retailing

NACE 2002:      5244 - Retail sale of furniture, lighting equipment and household articles not elsewhere classified

NAICS 2002:     444190 - Other Building Material Dealers

UK SIC 2003:    5244 - Retail sale of furniture, lighting equipment and household articles not elsewhere classified

US SIC 1987:    5211 - Lumber and Other Building Materials Dealers

 

           

Key Executives          

 

Name

Title

Christer René Bengtsson

verkst dir, ledamot

Robert Blake Davison

ledamot och ordförande

 

 Registered No.(SWE): 5564469368

 

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

Frihamnsgatan 25

Stockholm, 11556

Sweden

Tel:       +46 8 662 33 65

           

Sales SEK(mil):             306.4

Assets SEK(mil):           11.7

Employees:                   2

Fiscal Year End:            31-Dec-2010

Industry:                        Retail (Home Improvement)

Incorporation Date:         1992

Company Type:             Private Independent

Quoted Status:              Not Quoted

Registered No.(SWE):    5564469368

verkst dir, ledamot:         Christer RenĂ© Bengtsson

 

Contents

Industry Codes

Business Description

Financial Data

 

Industry Codes

 

ANZSIC 2006 Codes:

4231     -          Hardware and Building Supplies Retailing

3331     -          Timber Wholesaling

3736     -          Paper Product Wholesaling

3339     -          Other Hardware Goods Wholesaling

3323     -          Industrial and Agricultural Chemical Product Wholesaling

 

NACE 2002 Codes:

5147     -          Wholesale of other household goods

5246     -          Retail sale of hardware, paints and glass

5244     -          Retail sale of furniture, lighting equipment and household articles not elsewhere classified

515       -          Wholesale of non-agricultural intermediate products, waste and scrap

5153     -          Wholesale of wood, construction materials and sanitary equipment

5155     -          Wholesale of chemical products

 

NAICS 2002 Codes:

423390  -          Other Construction Material Merchant Wholesalers

44419   -          Other Building Material Dealers

423330  -          Roofing, Siding, and Insulation Material Merchant Wholesalers

424690  -          Other Chemical and Allied Products Merchant Wholesalers

42332   -          Brick, Stone, and Related Construction Material Merchant Wholesalers

424130  -          Industrial and Personal Service Paper Merchant Wholesalers

42333   -          Roofing, Siding, and Insulation Material Merchant Wholesalers

42469   -          Other Chemical and Allied Products Merchant Wholesalers

423310  -          Lumber, Plywood, Millwork, and Wood Panel Merchant Wholesalers

42413   -          Industrial and Personal Service Paper Merchant Wholesalers

423320  -          Brick, Stone, and Related Construction Material Merchant Wholesalers

4246     -          Chemical and Allied Products Merchant Wholesalers

42339   -          Other Construction Material Merchant Wholesalers

444110  -          Home Centers

42331   -          Lumber, Plywood, Millwork, and Wood Panel Merchant Wholesalers

4241     -          Paper and Paper Product Merchant Wholesalers

444190  -          Other Building Material Dealers

 

US SIC 1987:

516       -          Chemicals and Allied Products

5031     -          Lumber, Plywood, Millwork, and Wood Panels

511       -          Paper and Paper Products

5032     -          Brick, Stone, and Related Construction Materials

5113     -          Industrial and Personal Service Paper

5033     -          Roofing, Siding, and Insulation Materials

5169     -          Chemicals and Allied Products, Not Elsewhere Classified

5039     -          Construction Materials, Not Elsewhere Classified

5211     -          Lumber and Other Building Materials Dealers

 

UK SIC 2003:

5244     -          Retail sale of furniture, lighting equipment and household articles not elsewhere classified

5153     -          Wholesale of wood, construction materials and sanitary equipment

5155     -          Wholesale of chemical products

515       -          Wholesale of non-agricultural intermediate products, waste and scrap

5147     -          Wholesale of other household goods

5246     -          Retail sale of hardware, paints and glass

 

Business Description

Nordcell AB is primarily engaged in establishments (except those known as home centers, paint and wallpaper stores, and hardware stores) primarily engaged in retailing specialized lines of new building materials, such as lumber, fencing, glass, doors, plumbing fixtures and supplies, electrical supplies, prefabricated buildings and kits, and kitchen and bath cabinets and countertops to be installed.

 

Financial Data

Financials in:

SEK(mil)

 

Revenue:

306.4

Net Income:

1.3

Assets:

11.7

Total Liabilities:

4.9

 

 

 

Date of Financial Data:

31-Dec-2010

 

1 Year Growth

NA

NA

NA

 

 

 

Executive report

 

Board of Directors

 

Name

Title

Function

 

Christer René Bengtsson

 

verkst dir, ledamot

Director/Board Member

 

Robert Blake Davison

 

ledamot och ordförande

Director/Board Member

 

 

Executives

 

Name

Title

Function

 

Christer René Bengtsson

 

verkst dir, ledamot

Managing Director

 

 

 

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

42.5

26.8

16.5

Gross Profit

0.4

0.4

0.3

Net Financial Items

-0.1

-0.1

0.0

Operating Income

0.4

0.3

0.3

Income Before Tax

0.3

0.2

0.3

Net Income

0.2

0.2

0.3

 

 

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

1.7

4.2

8.5

Provisions

0.1

0.0

-

Total Liabilities

0.7

3.4

7.9

Total Equity

0.9

0.8

0.6

 

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

0.96

1.30

1.67

Current Ratio

235.04

124.72

107.10

Total debt/total equity

56.27

20.04

6.88

Return on average equity

38.21

27.70

39.10

 

 

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

49.54%

88.15%

Marginal Contribution Percent Change

10.50%

50.56%

Net Financial Items Percent Change

55.44%

-5,661.11%

Operating Results Percent Change

10.75%

50.11%

Profit/Loss Before Tax Percent Change

26.38%

-19.42%

Profit/Loss for the Year Percent Change

3.15%

-29.44%

Assets Percent Change

-61.15%

-55.03%

Provisions Percent Change

309.09%

-

Debts Percent Change

-79.75%

-61.49%

Equity Capital Percent Change

0.97%

27.59%

Operating Margin Percent Change

-26.15%

-22.16%

Current Ratio Percent Change

88.45%

16.45%

Debt/Equity Ratio Percent Change

180.79%

191.28%

Retun On Equity Percent Change

37.94%

-29.16%

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.53.64

UK Pound

1

Rs.86.42

Euro

1

Rs.69.29

 

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.