MIRA INFORM REPORT
|
Report Date : |
15.11.2013 |
IDENTIFICATION DETAILS
|
Name : |
SOUL LIVING AB |
|
|
|
|
Registered Office : |
Box 28, 28020 Bjärnum |
|
|
|
|
Country : |
Sweden |
|
|
|
|
Financials (as on) : |
2012 |
|
|
|
|
Date of Incorporation : |
18.01.2011 |
|
|
|
|
Com. Reg. No.: |
5568388259 |
|
|
|
|
Legal Form : |
Limited liability company |
|
|
|
|
Line of Business : |
Retail sale of home furniture in
specialised stores |
|
|
|
|
No. of Employees : |
Not Available |
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 |
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|
|
|
Payment Behaviour : |
Slow but Correct |
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|
|
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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 |
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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 |
REGISTERED
NAME & COMPANY SUMMARY
|
Business Name |
SOUL LIVING AB |
|
Country |
SWEDEN |
|
Company Registration Number |
5568388259 |
|
Main Activity |
Retail sale of home furniture in
specialised stores |
|
Activity Code |
47591 |
|
Company Status |
Active |
|
Latest Turnover Figure |
23.994.000 |
|
Latest Shareholder Equity Figure |
78.000 |
Basic Information
|
Business Name |
Soul Living AB |
|
Registered Company Name |
Soul Living AB |
|
Company Registration Number |
5568388259 |
|
Country |
SWEDEN |
|
VAT Registration Number |
SE556838825901 |
|
Date of Company Registration |
18/01/2011 |
|
Legal Form |
Limited liability company |
|
Company Status |
Active |
|
Currency of this Report |
SEK |
|
Principal Activity Description |
The company will engage in the manufacture and
sale of furniture and home furnishings,
and related business. |
|
Contact Address |
Box 28, 28020 BJÄRNUM |
|
Contact Telephone Number |
0451-775617 |
|
Activities |
|
|
Activity Code |
Activity Description |
|
47591 |
Retail sale of home furniture in
specialised stores |
|
Main Address |
|||
|
Address |
Country |
Telephone |
|
|
Box 28, 28020 BJÄRNUM |
SWEDEN |
0451-775617 |
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Other Address |
|||
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Address |
Country |
||
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No other addresses for this company. |
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Email Addresses |
|||
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No information for this company. |
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Web Pages |
|||
|
No information for this company. |
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DIRECTORS/MANAGEMENT
|
Current Directors |
||||||
|
Name |
Appointment Date |
Position |
||||
|
Roy Benny Joakim Nilsson |
23/03/2011 |
Actual Member of Board |
||||
|
Ann Inga Elisabet Lindqvist Nilsson |
23/03/2011 |
Substitute |
||||
|
Previous Directors |
||||||
|
Name |
Appointment Date |
Position |
Resignation Date |
|||
|
Per Marcus Östman |
18/01/2011 |
Actual Member of Board |
||||
|
Jessica Linda Falenius |
18/01/2011 |
Substitute |
||||
NEGATIVE
INFORMATION
No negative information found.
SHARE
& SHARE CAPITAL INFORMATION
|
Issued Share Capital |
50.000 |
PAYMENT
INFORMATION
|
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 |
- |
GROUP
STRUCTURE & AFFILIATED COMPANIES
|
Extended Group Structure |
||||
|
Company Name |
Country |
Number |
Latest Annual Accounts |
|
|
SE |
5568430333 |
31/12/2012 |
|
|
|
SE |
5564341773 |
31/12/2012 |
|
|
|
SE |
5565713194 |
31/12/2012 |
|
|
|
SE |
5567650667 |
31/12/2012 |
|
|
|
SE |
5567939193 |
31/12/2012 |
|
|
|
SE |
5564274099 |
31/12/2012 |
|
|
|
SE |
5567682405 |
31/12/2012 |
|
|
|
NO |
996241211 |
31/12/2012 |
|
|
|
SE |
5568277494 |
31/12/2012 |
|
|
|
SE |
5567668347 |
31/12/2012 |
|
|
|
SE |
5568388259 |
31/12/2012 |
|
|
|
|
IE |
|
||
|
|
NO |
|
||
FINANCIAL
INFORMATION
|
Profit and Loss |
||
|
Financial Year |
2012 |
2011 |
|
Number of Weeks |
52 |
52 |
|
Currency |
SEK |
SEK |
|
Conslotidated Accounts |
N |
N |
|
Revenue |
27.109.000 |
22.763.000 |
|
Operating Costs |
28.876.000 |
24.842.000 |
|
Operating Profit |
-1.767.000 |
-2.079.000 |
|
Wages & Salaries |
- |
-834.000 |
|
Depreciation |
-704.000 |
-86.000 |
|
Financial Income |
1.000 |
14.000 |
|
Financial Expenses |
-696.000 |
-478.000 |
|
Extraordinary Income |
- |
- |
|
Extraordinary Costs |
-696.000 |
-478.000 |
|
Profit before Tax |
-2.463.000 |
-2.543.000 |
|
Tax |
-421.000 |
- |
|
Profit after Tax |
-2.463.000 |
-2.543.000 |
|
Minority Interests |
- |
- |
|
Other Appropriations |
2.916.000 |
2.538.000 |
|
Retained Profit |
33.000 |
-5.000 |
|
Balance Sheet |
||
|
Financial Year |
2012 |
2011 |
|
Number of Weeks |
52 |
52 |
|
Currency |
SEK |
SEK |
|
Consolidated Accounts |
N |
N |
|
Land & Buildings |
0 |
0 |
|
Plant & Machinery |
0 |
0 |
|
Other Tangible Assets |
2.187.000 |
3.335.000 |
|
Total Tangible Assets |
2.187.000 |
3.335.000 |
|
Goodwill |
0 |
0 |
|
Other Intangible Assets |
0 |
0 |
|
Total Intangible Assets |
0 |
0 |
|
Loans To Group |
0 |
0 |
|
Other Loans |
0 |
0 |
|
Miscellaneous Fixed Assets |
0 |
0 |
|
Total Other Fixed Assets |
0 |
0 |
|
TOTAL FIXED ASSETS |
2.187.000 |
3.335.000 |
|
Work In Progress |
0 |
0 |
|
Other Inventories |
13.315.000 |
17.423.000 |
|
Total Inventories |
13.315.000 |
17.423.000 |
|
Trade Receivables |
1.907.000 |
4.563.000 |
|
Group Receivables |
6.949.000 |
1.455.000 |
|
Miscellaneous Receivables |
551.000 |
2.354.000 |
|
Total Receivables |
9.407.000 |
8.372.000 |
|
Cash |
513.000 |
59.000 |
|
Other Current Assets |
0 |
0 |
|
TOTAL CURRENT ASSETS |
23.236.000 |
25.854.000 |
|
TOTAL ASSETS |
25.423.000 |
29.188.000 |
|
Trade Payables |
1.505.000 |
2.439.000 |
|
Bank Liabilities |
0 |
98.000 |
|
Group Payables |
13.890.000 |
15.844.000 |
|
Miscellaneous Liabilities |
453.000 |
1.087.000 |
|
TOTAL CURRENT LIABILITIES |
15.848.000 |
19.468.000 |
|
Bank Liabilities Due After 1 Year |
9.497.000 |
9.675.000 |
|
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 |
9.497.000 |
9.675.000 |
|
TOTAL LIABILITIES |
25.345.000 |
29.143.000 |
|
Called Up Share Capital |
50.000 |
50.000 |
|
Share Premium |
0 |
0 |
|
Revenue Reserves |
28.000 |
-5.000 |
|
Other Reserves |
0 |
0 |
|
TOTAL SHAREHOLDERS EQUITY |
78.000 |
45.000 |
|
Other Financials |
||
|
Contingent Liabilities |
325.000 |
325.000 |
|
Working Capital |
7.388.000 |
6.386.000 |
|
Net Worth |
78.000 |
45.000 |
|
Ratios |
||
|
Pre-Tax Profit Margin |
-9.09 % |
-11.17 % |
|
Return On Capital Employed |
-5.97 % |
-5.23 % |
|
Return On Total Assets Employed |
-9.69 % |
-8.71 % |
|
Return On Net Assets Employed |
-3157.69 % |
-5651.11 % |
|
Sales/Net Working Capital |
3.67 |
3.56 |
|
Stock Turnover Ratio |
49.12 % |
76.54 % |
|
Debtor Days |
25.68 |
73.17 |
|
Creditor Days |
20.26 |
39.11 |
|
Current Ratio |
1.47 |
1.33 |
|
Liquidity Ratio/Acid Test |
0.63 |
0.43 |
|
Current Debt Ratio |
203.18 |
432.62 |
|
Gearing |
12175.64 % |
21717.78 % |
|
Equity In Percentage |
0.31 % |
0.15 % |
|
Total Debt Ratio |
324.94 |
647.62 |
FOREIGN
EXCHANGE RATES
Na
ADDITIONAL
INFORMATION
|
Employee Information |
|
|
Year |
Number of Employees |
|
2012 |
0 |
|
2011 |
0 |
|
Advisors |
|
|
Auditor Name |
Bo Thomas Axelsson |
|
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 |
47591 |
|
Activity Description |
Retail sale of home furniture in
specialised stores |
|
Industry Average Credit Rating |
69 (1 - 100) |
|
Industry Average Credit Limit |
8.000 |
|
Event History |
|
|
Event Date |
Event Description |
|
14/06/2013 |
Annual account, new |
|
14/06/2013 |
Limit, increase |
|
13/06/2013 |
Group Structure Change |
|
11/06/2013 |
Annual report (PDF), new |
|
10/06/2013 |
Group Structure Change |
|
20/06/2012 |
Annual account, new |
|
20/06/2012 |
Limit, increase |
|
12/06/2012 |
Annual report (PDF), new |
|
14/02/2012 |
Employment tax, changed |
|
12/04/2011 |
Phone number, new |
|
29/03/2011 |
Company tax, changed |
|
29/03/2011 |
VAT, changed |
|
24/03/2011 |
Board, changed |
|
24/03/2011 |
Company representatives, changed |
|
24/03/2011 |
Provision in the articles of association to
have an accountant |
|
24/03/2011 |
Place of residence, changed |
|
24/03/2011 |
Company name, changed (old name:
StartVision 2307 AB) |
|
24/03/2011 |
Status, changed |
|
24/03/2011 |
Address, changed |
|
24/03/2011 |
Authorised signatories amended or
new/amended vacancy text |
|
24/03/2011 |
Company business activity, changed |
|
19/01/2011 |
Company representatives, changed |
|
19/01/2011 |
Board, changed |
|
19/01/2011 |
Company business activity, changed |
|
19/01/2011 |
Authorised signatories amended or
new/amended vacancy text |
|
19/01/2011 |
Status, changed |
|
19/01/2011 |
Share capital, new |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.06 |
|
|
1 |
Rs.101.15 |
|
Euro |
1 |
Rs.84.95 |
INFORMATION DETAILS
|
Report Prepared
by : |
SDA |
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.