|
Report Date : |
24.09.2012 |
IDENTIFICATION DETAILS
|
Name : |
JOY SHOP AKTIEBOLAG |
|
|
|
|
Registered Office : |
Falkenbergsgatan 3, 8tr, 41285 Göteborg |
|
|
|
|
Country : |
Sweden |
|
|
|
|
Financials (as on) : |
2011 |
|
|
|
|
Date of Incorporation : |
03.07.2009 |
|
|
|
|
Com. Reg. No.: |
5567852511 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
Retail sale of women''s clothing in specialised stores |
|
|
|
|
No. of Employees : |
181 employees |
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 : |
Slow |
|
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 |
sweden - ECONOMIC OVERVIEW
Aided by peace and neutrality for the whole of the 20th century, Sweden
has achieved an enviable standard of living under a mixed system of high-tech
capitalism and extensive welfare benefits. It has a modern distribution system,
excellent internal and external communications, and a highly skilled labor
force. In September 2003, Swedish voters turned down entry into the euro system
concerned about the impact on the economy and sovereignty. Timber, hydropower,
and iron ore constitute the resource base of an economy heavily oriented toward
foreign trade. Privately owned firms account for vast majority of industrial
output, of which the engineering sector accounts for about 50% of output and
exports. Agriculture accounts for little more than 1% of GDP and of employment.
Until 2008, Sweden was in the midst of a sustained economic upswing, boosted by
increased domestic demand and strong exports. This and robust finances offered
the center-right government considerable scope to implement its reform program
aimed at increasing employment, reducing welfare dependence, and streamlining
the state's role in the economy. Despite strong finances and underlying
fundamentals, the Swedish economy slid into recession in the third quarter of
2008 and growth continued downward in 2009 as deteriorating global conditions
reduced export demand and consumption. Strong exports of commodities and a
return to profitability by Sweden''s banking sector drove the strong rebound in
2010, which continued in 2011, and the government is proposing stimulus
measures in the 2012 budget to curb the effects of a global economic slowdown
and boost employment and growth.
|
Source : CIA |
|
Business Name |
Joy Shop Aktiebolag |
|
Country |
SWEDEN |
|
Company Registration Number |
5567852511 |
|
Main Activity |
Retail sale of women''s clothing in specialised stores |
|
Activity Code |
47713 |
|
Company Status |
Active |
|
Latest Turnover Figure |
253.033.000 SEK |
|
Latest Shareholder Equity Figure |
92.086.000 SEK |
|
Basic
Information |
|
|
Business Name |
Joy Shop Aktiebolag |
|
Registered Company Name |
Joy Shop Aktiebolag |
|
Company Registration Number |
5567852511 |
|
Country |
SWEDEN |
|
VAT Registration Number |
SE556785251101 |
|
Date of Company Registration |
03/07/2009 |
|
Legal Form |
Limited liability company |
|
Company Status |
Active |
|
Currency of this Report |
SEK |
|
Principal Activity Description |
Bolaget skall bedriva handel och
återförsäljarverksamhet avseende herr- och damkonfektion, skor, väskor och
accessoarer, design, varumärkesutveckling och tillverkning av kläder, skor
väskor och accessoarer, bedriva handel med samt äga och förvalta |
|
Contact Address |
41285 GÖTEBORG |
|
Contact Telephone Number |
031-7562700 |
|
Email Addresses |
|
Web Pages |
|
Current
Directors |
|||
|
Name |
Appointment Date |
Position |
|
|
Hans Lennart Johansson |
03/07/2009 |
Actual Member of Board |
|
|
Viveka Charlotte Ulfsdotter Nordén |
21/12/2011 |
Actual Member of Board |
|
|
Astrid Christina Elisabeth Falklind Gross |
08/10/2009 |
Actual Member of Board |
|
|
Bengt Reidon Hedevåg |
03/07/2009 |
Actual Member of Board |
|
|
Joel Aron Urwitz |
06/10/2011 |
Actual Member of Board |
|
|
Bo Gabriel Urwitz |
14/08/2009 |
Substitute |
|
|
Previous
Directors |
|||
|
Name |
Appointment Date |
Position |
Resignation Date |
|
Hans Lennart Johansson |
03/07/2009 |
Managing Director |
06/10/2011 |
|
Lars Hjalmar Josephson |
03/07/2009 |
Actual Member of Board |
|
Issued Share Capital |
250.000 SEK |
|
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 |
- |
|
Ultimate Holding Parent |
|
No information for this company. |
|
Immediate Holding Parent |
|
No information for this company. |
|
Subsidiary Companies |
||
|
Subsidiary Name |
Country |
Number |
|
Joy Boy Aktiebolag |
SWEDEN |
5564553773 |
|
Joy Club Aktiebolag |
SWEDEN |
5565566972 |
|
Affiliates |
||
|
Affiliate Name |
Country |
Number |
|
No affiliates for this company. |
|
|
Other Information
|
Profit and Loss |
||||||||
|
Financial Year |
2011 |
2010 |
||||||
|
Number of Weeks |
52 |
61 |
||||||
|
Currency |
SEK |
SEK |
||||||
|
Consolidated Accounts |
N |
N |
||||||
|
Revenue |
254.033.000 |
292.963.000 |
||||||
|
Operating Costs |
263.607.000 |
303.887.000 |
||||||
|
Operating Profit |
-9.574.000 |
-10.924.000 |
||||||
|
Wages & Salaries |
- |
- |
||||||
|
Depreciation |
- |
- |
||||||
|
Financial Income |
57.000 |
- |
||||||
|
Financial Expenses |
-73.000 |
-122.000 |
||||||
|
Extraordinary Income |
- |
- |
||||||
|
Extraordinary Costs |
-73.000 |
-122.000 |
||||||
|
Profit before Tax |
-9.590.000 |
-11.046.000 |
||||||
|
Tax |
1.592.000 |
1.730.000 |
||||||
|
Profit after Tax |
-9.590.000 |
-11.046.000 |
||||||
|
Minority Interests |
- |
- |
||||||
|
Other Appropriations |
- |
108.400.000 |
||||||
|
Retained Profit |
-7.998.000 |
-9.316.000 |
||||||
|
Balance Sheet |
||||||||
|
Financial Year |
2011 |
2010 |
||||||
|
Number of Weeks |
52 |
61 |
||||||
|
Currency |
SEK |
SEK |
||||||
|
Consolidated Accounts |
N |
N |
||||||
|
Land & Buildings |
0 |
0 |
||||||
|
Plant & Machinery |
0 |
0 |
||||||
|
Other Tangible Assets |
15.021.000 |
17.138.000 |
||||||
|
Total Tangible Assets |
15.021.000 |
17.138.000 |
||||||
|
Goodwill |
58.703.000 |
61.997.000 |
||||||
|
Other Intangible Assets |
2.436.000 |
1.800.000 |
||||||
|
Total Intangible Assets |
61.139.000 |
63.797.000 |
||||||
|
Loans To Group |
0 |
0 |
||||||
|
Other Loans |
0 |
0 |
||||||
|
Miscellaneous Fixed Assets |
3.672.000 |
2.080.000 |
||||||
|
Total Other Fixed Assets |
3.672.000 |
2.080.000 |
||||||
|
TOTAL FIXED ASSETS |
79.832.000 |
83.015.000 |
||||||
|
Work In Progress |
0 |
0 |
||||||
|
Other Inventories |
35.138.000 |
35.380.000 |
||||||
|
Total Inventories |
35.138.000 |
35.380.000 |
||||||
|
Trade Receivables |
11.000 |
287.000 |
||||||
|
Group Receivables |
0 |
0 |
||||||
|
Miscellaneous Receivables |
4.854.000 |
6.299.000 |
||||||
|
Total Receivables |
4.865.000 |
6.586.000 |
||||||
|
Cash |
12.282.000 |
10.379.000 |
||||||
|
Other Current Assets |
0 |
0 |
||||||
|
TOTAL CURRENT ASSETS |
52.285.000 |
52.345.000 |
||||||
|
TOTAL ASSETS |
132.117.000 |
135.360.000 |
||||||
|
Trade Payables |
15.757.000 |
14.256.000 |
||||||
|
Bank Liabilities |
0 |
0 |
||||||
|
Group Payables |
0 |
0 |
||||||
|
Miscellaneous Liabilities |
24.080.000 |
20.826.000 |
||||||
|
TOTAL CURRENT LIABILITIES |
39.837.000 |
35.082.000 |
||||||
|
Bank Liabilities Due After 1 Year |
0 |
0 |
||||||
|
Other Loans Or Finance Due After 1 Year |
0 |
0 |
||||||
|
Group Payables After 1 Year |
0 |
0 |
||||||
|
Miscellaneous Liabilities Due After 1 Year |
0 |
0 |
||||||
|
TOTAL LONG TERM LIABILITIES |
194.000 |
194.000 |
||||||
|
TOTAL LIABILITIES |
40.031.000 |
35.276.000 |
||||||
|
Called Up Share Capital |
250.000 |
250.000 |
||||||
|
Share Premium |
0 |
750.000 |
||||||
|
Revenue Reserves |
91.836.000 |
-9.316.000 |
||||||
|
Other Reserves |
0 |
108.400.000 |
||||||
|
TOTAL SHAREHOLDERS EQUITY |
92.086.000 |
100.084.000 |
||||||
|
Other Financials |
||||||||
|
Contingent Liabilities |
108.400.000 |
108.400.000 |
||||||
|
Working Capital |
12.448.000 |
17.263.000 |
||||||
|
Net Worth |
30.947.000 |
36.287.000 |
||||||
|
Ratios |
||||||||
|
Pre-Tax Profit Margin |
-3.78 % |
-3.77 % |
||||||
|
Return On Capital Employed |
-5.58 % |
-6.48 % |
||||||
|
Return On Total Assets Employed |
-7.26 % |
-8.16 % |
||||||
|
Return On Net Assets Employed |
-10.41 % |
-11.04 % |
||||||
|
Sales/Net Working Capital |
20.41 |
16.97 |
||||||
|
Stock Turnover Ratio |
13.83 % |
12.08 % |
||||||
|
Debtor Days |
0.02 |
0.36 |
||||||
|
Creditor Days |
22.64 |
17.76 |
||||||
|
Current Ratio |
1.31 |
1.49 |
||||||
|
Liquidity Ratio/Acid Test |
0.43 |
0.48 |
||||||
|
Current Debt Ratio |
0.43 |
0.35 |
||||||
|
Gearing |
0.21 % |
0.19 % |
||||||
|
Equity In Percentage |
136.82 % |
144.04 % |
||||||
|
Total Debt Ratio |
0.43 |
0.35 |
||||||
|
Activities |
|
|
Activity Code |
Activity Description |
|
47713 |
Retail sale of women''s clothing in specialised stores |
|
47712 |
Retail sale of men''s clothing in specialised stores |
|
Main Address |
||
|
Address |
Country |
Telephone |
|
Falkenbergsgatan 3, 8tr, 41285 GÖTEBORG |
SWEDEN |
031-7562700 |
|
Other Address |
|
|
Address |
Country |
|
Nils Henrikssons Väg 3, PARTILLE 43335 |
SWEDEN |
|
Frykmans Väg 1 C, KARLSTAD 65346 |
SWEDEN |
|
Gesällvägen 1, SUNDSVALL 85753 |
SWEDEN |
|
Torggatan 21-23, BORÅS 50334 |
SWEDEN |
|
Ulvsundavägen 185 C, BROMMA 16867 |
SWEDEN |
|
Kronetorpsvägen 2, ARLÖV 23237 |
SWEDEN |
|
Drottninggatan 61, STOCKHOLM 11121 |
SWEDEN |
|
Östra Förstadsgatan 56, MALMÖ 21212 |
SWEDEN |
|
Krankroksgatan 17, VÄSTERÅS 72138 |
SWEDEN |
|
Kungsgatan 21, ESKILSTUNA 63220 |
SWEDEN |
|
Farstaplan 25, FARSTA 12347 |
SWEDEN |
|
Postgatan 26-32, GÖTEBORG 41106 |
SWEDEN |
|
Frölunda Torg, VÄSTRA FRÖLUNDA 42142 |
SWEDEN |
|
Hamngatan 37, STOCKHOLM 11153 |
SWEDEN |
|
Arenavägen 61, JOHANNESHOV 12177 |
SWEDEN |
|
Marknadsgatan 1, UPPSALA 75460 |
SWEDEN |
|
Nygatan 19 WINNGALLERIAN, GÄVLE 80320 |
SWEDEN |
|
Lidaleden 12, NORRKÖPING 60359 |
SWEDEN |
|
Storgatan 16, HALMSTAD 30243 |
SWEDEN |
|
Kungsgatan 7, HELSINGBORG 25221 |
SWEDEN |
|
Regeringsgatan 47-55, STOCKHOLM 11153 |
SWEDEN |
|
Tornérplatsen 30, JÄRFÄLLA 17730 |
SWEDEN |
|
Kompanigatan 50 A6 CENTER, JÖNKÖPING 55305 |
SWEDEN |
|
Norra Långgatan 16, KALMAR 39232 |
SWEDEN |
|
Västra Torggatan 1 AFFÄRSHUSET DUVAN, KARLSTAD
65225 |
SWEDEN |
|
Kungsgatan 45, GÖTEBORG 41115 |
SWEDEN |
|
Drottninggatan 41, NORRKÖPING 60232 |
SWEDEN |
|
Nygatan 22, LINKÖPING 58219 |
SWEDEN |
|
Skeppsbrogatan 28 STRAND GALLERIA, LULEÅ 97232 |
SWEDEN |
|
Företagsvägen 10, LUND 22761 |
SWEDEN |
|
Södergatan 26, MALMÖ 21134 |
SWEDEN |
|
Varuvägen 10, ÖREBRO 70236 |
SWEDEN |
|
Per Albin Hanssons Väg 40, MALMÖ 21432 |
SWEDEN |
|
Brogatan 6, MÖLNDAL 43130 |
SWEDEN |
|
Forumvägen 12, NACKA 13153 |
SWEDEN |
|
Västra Storgatan 24 VARUHUSET NYCKELN, NYKÖPING
61132 |
SWEDEN |
|
Nygatan 50 CITYKOMPANIET, SKELLEFTEÅ 93131 |
SWEDEN |
|
Byholmsgången 1-3, SKÄRHOLMEN 12748 |
SWEDEN |
|
Sollentunavägen 163, SOLLENTUNA 19147 |
SWEDEN |
|
Sandbergs Plats 20 B, STENUNGSUND 44430 |
SWEDEN |
|
Sjögatan 17 FORUMGALLERIAN, SUNDSVALL 85234 |
SWEDEN |
|
Västra Svedengatan 7, LINKÖPING 58273 |
SWEDEN |
|
Torp 32, UDDEVALLA 45176 |
SWEDEN |
|
Gunborg Nymans Väg 2, ESKILSTUNA 63222 |
SWEDEN |
|
Storgatan 258, TÄBY 18334 |
SWEDEN |
|
Västra Rådhusgatan 7, UMEÅ 90326 |
SWEDEN |
|
Dragarbrunnsgatan 43, UPPSALA 75320 |
SWEDEN |
|
, Ödåkra-Väla |
SWEDEN |
|
Vännäsgången 17, VÄLLINGBY 16265 |
SWEDEN |
|
Dragonvägen 86, UPPLANDS VÄSBY 19433 |
SWEDEN |
|
Gallerian 110, VÄSTERÅS 72213 |
SWEDEN |
|
Drottninggatan 27 KRÄMAREN, ÖREBRO 70222 |
SWEDEN |
|
Ladugårdsvägen 14, TROLLHÄTTAN 46170 |
SWEDEN |
|
Employee
Information |
|
|
Year |
Number of Employees |
|
2011 |
181 |
|
2010 |
180 |
|
Advisors |
|
|
Auditor Name |
PricewaterhouseCoopers AB |
|
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 |
47713 |
||
|
Activity Description |
Retail sale of women''s clothing in specialised stores |
||
|
Event History |
|
|
Event Date |
Event Description |
|
05/04/2012 |
Limit, decrease |
|
05/04/2012 |
Annual account, new |
|
30/03/2012 |
Annual report (PDF), new |
|
22/12/2011 |
Board, changed |
|
22/12/2011 |
Authorised signatory, changed |
|
22/12/2011 |
Company representatives, changed |
|
03/12/2011 |
Limit, decrease |
|
07/10/2011 |
Company business activity, changed |
|
07/10/2011 |
Limit, decrease |
|
07/10/2011 |
Board, changed |
|
07/10/2011 |
Authorised signatory, changed |
|
07/10/2011 |
Company representatives, changed |
|
11/03/2011 |
Limit, increase |
|
11/03/2011 |
Annual account, new |
|
04/03/2011 |
Annual report (PDF), new |
|
26/11/2009 |
Authorised signatory, changed |
|
26/11/2009 |
Board, changed |
|
26/11/2009 |
Company representatives, changed |
|
09/10/2009 |
Board, changed |
|
09/10/2009 |
Authorised signatory, changed |
|
09/10/2009 |
Company representatives, changed |
|
24/08/2009 |
Address, changed |
|
17/08/2009 |
Board, changed |
|
17/08/2009 |
Company representatives, changed |
|
17/08/2009 |
Authorised signatory, changed |
|
28/07/2009 |
Employment tax, changed |
|
10/07/2009 |
Company tax, changed |
|
10/07/2009 |
VAT, changed |
|
06/07/2009 |
Company business activity, changed |
|
06/07/2009 |
Authorised signatory, changed |
|
06/07/2009 |
Company representatives, changed |
|
06/07/2009 |
Board, changed |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.91 |
|
UK Pound |
1 |
Rs.87.60 |
|
Euro |
1 |
Rs.70.01 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.