|
Report Date : |
05.10.2013 |
IDENTIFICATION DETAILS
|
Name : |
PPY PRODUCTION AB |
|
|
|
|
Registered Office : |
Kungsporten 1 C, 42750 Billdal |
|
|
|
|
Country : |
Sweden |
|
|
|
|
Financials (as on) : |
2012 |
|
|
|
|
Date of Incorporation : |
07.11.2005 |
|
|
|
|
Com. Reg. No.: |
5566896857 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
Wholesale of clothing and footwear |
|
|
|
|
No. of Employees : |
21 |
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 : |
Good |
|
|
|
|
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, 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 PPY PRODUCTION AB
Company Registration Number 5566896857
Country SE
Activity Code 46420
Activity Description Wholesale of
clothing and footwear
Company Status Active
Latest Turnover 45,348,000.00
(SEK)
Latest Shareholders Equity 5,235,000.00 (SEK)
Rating Indicator Profit 689,000.00 Before
Tax (SEK)
Activities
Activity Code 46420
Activity Description Wholesale of
clothing and footwear
Activity Code 74101
Activity Description Industrial and
fashion design
Company Name PPY Production AB
Registered Company Name PPY Production AB
Company Registration Number 5566896857
Country SE
VAT Registration Number SE556689685701
Date of Company Registration 07/11/2005
Commercial Court Legal Form Limited liability
company
Type of Ownership Company Status Active
Principal Activity Code No code
Principal Activity
Description The Company shall conduct design, import and sale of clothing and related
business.
Contact Address Kungsporten 1 C,
42750 Billdal
Contact Telephone Number 031-7084780
Address Kungsporten 1 C,
42750 BILLDAL
Country SE
Telephone 031-7084780
Name Marie Cecilia
Petterson
Gender Female
Date of Birth 12/12/1961
Position Actual Member of
Board
Date Appointed 29/11/2005
Name Birgit Irma Irene
Petterson
Gender Female
Date of Birth 29/07/1938
Position Substitute
Date Appointed 29/11/2005
Issued Share capital 2,100,000.00 (SEK)
Company Name Registration
Number Last Financials
1 Saelma & Co AB 5568262173
31/12/2012
2 PPY Production AB 5566896857
31/12/2012
2 Pelle Petterson Trademark AB 5567610059
31/12/2012
2 Ottimo Sport Design Aktiebolag 5562490374
31/12/2012
Affiliate Name Pelle Petterson
Trademark AB
Affiliate ID SE011/X/5567610059
Country SE
Affiliate Name Ottimo Sport
Design Aktiebolag
Affiliate ID SE011/X/5562490374
Country SE
Year 2012
Number of Employees 21
Year 2011
Number of Employees 15
Year 2010
Number of Employees 11
Year 2009
Number of Employees 9
Year 2008
Number of Employees 6
Financial Statements
Profit
& Loss
Financial Year
2012 2011 2010
Number of Weeks 52 69 52
Currency SEK SEK SEK
Consolidated
Accounts
False False False
Revenue 46,543,000.00 51,223,000.00 32,425,000.00
Operating Costs 44,736,000.00 48,890,000.00 29,372,000.00
Operating Profit 1,807,000.00 2,333,000.00 3,053,000.00
Wages & Salaries -7,923,000.00 -8,784,000.00 -5,368,000.00
Depreciation -511,000.00 -491,000.00 -441,000.00
Financial Income 29,000.00 7,000.00
3,000.00
Financial Expenses
-1,147,000.00 -793,000.00 -306,000.00
Extraordinary Income 0.00 0.00 0.00
Extraordinary Costs 0.00 0.00 0.00
Profit Before Tax 689,000.00 1,548,000.00 2,750,000.00
Tax -281,000.00 -270,000.00 -552,000.00
Profit After Tax 408,000.00 1,278,000.00 2,198,000.00
Minority Interests
0.00 0.00 0.00
Other Appropriations -320,000.00 -342,000.00 -699,000.00
Retained Profit 88,000.00 936,000.00 1,499,000.00
Financial Year
2012 2011 2010
Number of Weeks 52 69 52
Currency SEK SEK SEK
Consolidated Accounts
False False False
Land & Buildings
0.00 0.00 0.00
Plant & Machinery 0.00 0.00 0.00
Other Tangible
Assets 1,218,000.00 913,000.00 1,041,000.00
Total Tangible Assets 1,218,000.00 913,000.00 1,041,000.00
Goodwill 0.00 0.00 0.00
Other Intangible
Assets 248,000.00 0.00 0.00
Total Intangible Assets 248,000.00 0.00 0.00
Loans to Group 0.00 0.00 0.00
Other Loans 0.00 0.00 0.00
Miscellaneous Fixed
Assets 0.00 50,000.00
0.00
Total Other Fixed Assets 0.00 50,000.00
0.00
Total Fixed Assets 1,466,000.00 963,000.00 1,041,000.00
Work in Progress
0.00 0.00 0.00
Other Inventories 21,321,000.00 19,403,000.00 10,263,000.00
Total Inventories 21,321,000.00 19,403,000.00 10,263,000.00
Trade Receivables
4,276,000.00 5,702,000.00 7,589,000.00
Group Receivables 1,235,000.00 0.00 0.00
Miscellaneous Receivables 3,481,000.00 4,194,000.00 136,000.00
Total Receivables 8,992,000.00 9,896,000.00 7,725,000.00
Cash 398,000.00 110,000.00 400,000.00
Other Current Assets
0.00 0.00 0.00
Total Current Assets 30,711,000.00 29,409,000.00 18,389,000.00
Total Assets 32,177,000.00 30,372,000.00 19,430,000.00
|
Trade Payables |
1,499,000.00 |
2,376,000.00 |
2,913,000.00 |
|
Bank Liabilities |
7,168,000.00 |
0.00 |
956,000.00 |
|
Group Payables |
51,000.00 |
0.00 |
0.00 |
|
Miscellaneous Liabilities |
2,924,000.00 |
3,513,000.00 |
4,715,000.00 |
|
Total Current
Liabilities |
11,642,000.00 |
5,889,000.00 |
8,584,000.00 |
|
Bank Liabilities due after 1 year |
12,544,000.00 |
16,803,000.00 |
5,214,000.00 |
|
Other Loans/Finance due after 1 year |
0.00 |
0.00 |
0.00 |
|
Group Payables
due after 1 year |
0.00 |
0.00 |
0.00 |
|
Miscellaneous Liabilities due after 1 year |
2,756,000.00 |
2,533,000.00 |
3,422,000.00 |
|
Total Long Term Liabilities |
15,300,000.00 |
19,336,000.00 |
8,636,000.00 |
|
Total Liabilities |
26,942,000.00 |
25,225,000.00 |
17,219,000.00 |
|
Called Up Share Capital |
2,100,000.00 |
2,100,000.00 |
100,000.00 |
|
Share Premium |
0.00 |
0.00 |
0.00 |
|
Revenue Reserves |
3,135,000.00 |
3,047,000.00 |
2,111,000.00 |
|
Other Reserves |
0.00 |
0.00 |
0.00 |
|
Total Shareholders Equity |
5,235,000.00 |
5,147,000.00 |
2,211,000.00 |
|
Other Financials |
|
|
|
|
Contingent Liabilities |
0 |
0 |
0 |
|
Working Capital |
19,069,000.00 |
23,520,000.00 |
9,805,000.00 |
|
Net Worth |
4,987,000.00 |
5,147,000.00 |
2,211,000.00 |
|
Ratios |
|
|
|
|
Pre-Tax Profit Margin |
1.48 |
3.02 |
8.48 |
|
Return on Capital
Employed |
1.57 |
4.27 |
9.82 |
|
Return on Total Assets Employed |
2.14 |
5.10 |
14.15 |
|
Return on Net Assets
Employed |
13.16 |
30.08 |
124.38 |
|
Sales/Net Working
Capital |
2.44 |
2.18 |
3.31 |
|
Stock Turnover
Ratio |
45.81 |
37.88 |
31.65 |
|
Debtor Days |
33.53 |
40.63 |
85.43 |
|
Creditor Days |
11.76 |
16.93 |
32.79 |
|
Current Ratio |
2.64 |
4.99 |
2.14 |
|
Liquidity Ratio/Acid Test |
0.81 |
1.70 |
0.95 |
|
Current Debt Ratio |
2.22 |
1.14 |
3.88 |
|
Gearing |
403.44 |
349.49 |
388.33 |
|
Equity in Percentage |
16.40 |
16.97 |
11.38 |
|
Total Debt Ratio |
5.15 |
4.90 |
7.79 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.40 |
|
|
1 |
Rs.99.28 |
|
Euro |
1 |
Rs.83.68 |
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.