MIRA
INFORM REPORT
|
Report Date : |
06.11.2013 |
IDENTIFICATION DETAILS
|
Name : |
L & P NIERENBURG AB |
|
|
|
|
Registered Office : |
Skeppargatan 27, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
1988 |
|
|
|
|
Com. Reg. No.: |
5563322899 |
|
|
|
|
Legal Form : |
Private Independent |
|
|
|
|
Line of Business : |
Engaged in the merchant wholesale distribution of footwear (including
athletic) of leather, rubber, and other materials. |
|
|
|
|
No. of Employees : |
14 |
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 but correct |
|
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, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
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 the contraction continued 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, but growth slipped to 1.2% in 2012. The government proposed stimulus measures in 2012 to curb the effects of a global economic slowdown and boost employment and growth
|
Source : CIA |
Company name and address
|
L & P Nierenburg AB |
|
|
|
||||||||||||||||
|
Employees: |
14 |
|
Company Type: |
Private
Independent |
|
|
|
|
Incorporation
Date: |
1988 |
|
Fiscal Year End:
|
31-Dec-2012 |
|
Reporting
Currency: |
Swedish Krona |
|
Annual Sales: |
22.0 |
|
Net Income: |
(0.7) |
|
Total Assets: |
7.6 |
|
Business Description |
|
|
L & P Nierenburg AB is primarily engaged
in the merchant wholesale distribution of footwear (including athletic) of
leather, rubber, and other materials. |
|
Industry |
|
|
Industry |
|
|
ANZSIC 2006: |
|
|
ISIC Rev 4: |
|
|
NACE Rev 2: |
|
|
NAICS 2012: |
|
|
UK SIC 2007: |
|
|
US SIC 1987: |
|
|
|
Registered No.(SWE):
5563322899
1 - Profit & Loss Item Exchange Rate: USD 1 = SEK 6.775133
2 - Balance Sheet Item Exchange Rate: USD 1 = SEK 6.5125
|
|||||||||||||||||||||||||||||||||||
|
|||||||||||||||||||||||||||||||||||
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Annual Profit & Loss
|
|
|
|
31-Dec-2012 |
31-Dec-2011 |
31-Dec-2010 |
|
Period Length |
12 Months |
12 Months |
12 Months |
|
Filed Currency |
SEK |
SEK |
SEK |
|
Exchange Rate
(Period Average) |
6.775133 |
6.493691 |
7.206564 |
|
Consolidated |
No |
No |
No |
|
|
|
|
|
|
Total Revenue |
22.0 |
22.1 |
19.3 |
|
Gross Profit |
-0.4 |
0.4 |
0.8 |
|
Net Financial Items |
-0.1 |
-0.1 |
-0.4 |
|
Operating Income |
-0.6 |
0.2 |
0.7 |
|
Income Before Tax |
-0.7 |
0.0 |
0.3 |
|
Net Income |
-0.7 |
0.0 |
0.3 |
|
|
|
Annual Balance Sheet |
|
Financials in: USD (mil) |
|
|
31-Dec-2012 |
31-Dec-2011 |
31-Dec-2010 |
|
Filed Currency |
SEK |
SEK |
SEK |
|
Exchange Rate |
6.5125 |
6.8553 |
6.72285 |
|
Consolidated |
No |
No |
No |
|
|
|
|
|
|
Total Assets |
7.6 |
7.9 |
5.9 |
|
Total Liabilities |
5.8 |
5.5 |
3.2 |
|
Total Equity |
1.8 |
2.4 |
2.7 |
|
|
|
Annual Ratios |
|
|
|
|
31-Dec-2012 |
31-Dec-2011 |
31-Dec-2010 |
|
Period Length |
12 Months |
12 Months |
12 Months |
|
Filed Currency |
- |
- |
- |
|
Exchange Rate |
- |
- |
- |
|
Consolidated |
No |
No |
No |
|
|
|
|
|
|
Operating Margin |
-2.83 |
0.97 |
3.44 |
|
Current Ratio |
233.72 |
241.94 |
319.96 |
|
Total debt/total equity |
23.30 |
30.43 |
46.58 |
|
Return on average equity |
-42.73 |
1.81 |
11.66 |
|
|
|
Annual Growth Rates |
|
|
|
|
31-Dec-2011 |
31-Dec-2010 |
|
Period Length |
12 Months |
12 Months |
|
Filed Currency |
- |
- |
|
Exchange Rate |
- |
- |
|
Consolidated |
No |
No |
|
|
|
|
|
Turnover Percent Change |
3.70% |
3.34% |
|
Marginal Contribution Percent Change |
-212.23% |
-57.72% |
|
Net Financial Items Percent Change |
14.19% |
70.13% |
|
Operating Results Percent Change |
-497.40% |
-77.37% |
|
Profit/Loss Before Tax Percent Change |
-1,751.51% |
-86.13% |
|
Profit/Loss for the Year Percent Change |
-3,074.70% |
-92.30% |
|
Assets Percent Change |
-8.48% |
36.59% |
|
Debts Percent Change |
0.90% |
77.87% |
|
Equity Capital Percent Change |
-29.94% |
-10.76% |
|
Operating Margin Percent Change |
-391.75% |
-71.80% |
|
Current Ratio Percent Change |
-3.40% |
-24.38% |
|
Debt/Equity Ratio Percent Change |
-23.43% |
-34.67% |
|
Retun On Equity Percent Change |
-2,460.77% |
-84.48% |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.78 |
|
|
1 |
Rs.98.65 |
|
Euro |
1 |
Rs.83.41 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.