MIRA INFORM REPORT

 

 

Report Date :

23.09.2013

 

IDENTIFICATION DETAILS

 

Name :

BO RISBERG IMPORT AB

 

 

Registered Office :

Dalhemsvagen 35, Huddinge, 14146

 

 

Country :

Sweden

 

 

Financials (as on) :

31.08.2012

 

 

Year of Establishment :

1976

 

 

Com. Reg. No.:

5561912766

 

 

Legal Form :

Private Subsidiary

 

 

Line of Business :

Subject is primarily engaged in retailing miscellaneous specialty foods (except meat, fish, seafood, fruit and vegetables, confections, nuts, popcorn, and baked goods)

 

 

No. of Employees :

5

 

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 :

Small Company

 

 

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

 

Bo Risberg Import AB

 

 

 

Dalhemsvagen 35

 

 

Huddinge, 14146

Sweden

 

 

Tel:

+46 8 608 17 00

Employees:

5

Company Type:

Private Subsidiary

Corporate Family:

2 Companies

Ultimate Parent:

Far Away Food Holding AB

 

 

Incorporation Date:

1976

Financials in:

 USD (mil)

Fiscal Year End:

31-Aug-2012

Reporting Currency:

Swedish Krona

Annual Sales:

6.2

Net Income:

0.5

Total Assets:

3.7

 

 

Business Description

 

Bo Risberg Import AB is primarily engaged in retailing miscellaneous specialty foods (except meat, fish, seafood, fruit and vegetables, confections, nuts, popcorn, and baked goods) not for immediate consumption and not made on the premises.

 

 

Industry

 

Industry

Grocery Stores

ANZSIC 2006:

4129 - Other Specialised Food Retailing

ISIC Rev 4:

4721 - Retail sale of food in specialized stores

NACE Rev 2:

4729 - Other retail sale of food in specialised stores

NAICS 2012:

445299 - All Other Specialty Food Stores

UK SIC 2007:

4729 - Other retail sale of food in specialised stores

US SIC 1987:

5499 - Miscellaneous Food Stores

 

 

Key Executives

 

Name

Title

Bjorn Hakan Vestlund

verkst dir, ledamot

 

 

Registered No.(SWE): 5561912766

 

1 - Profit & Loss Item Exchange Rate: USD 1 = SEK 6.799393
2 - Balance Sheet Item Exchange Rate: USD 1 = SEK 6.690567

 

 

Corporate Overview

 

Location
Dalhemsvägen 35
Huddinge, 14146
Sweden

 

Tel:

+46 8 608 17 00

 

 

Sales SEK(mil):

42.0

Assets SEK(mil):

24.8

Employees:

5

Fiscal Year End:

31-Aug-2012

 

Industry:

Retail (Grocery)

Incorporation Date:

1976

Company Type:

Private Subsidiary

Quoted Status:

Not Quoted

Registered No.(SWE):

5561912766

 

verkst dir, ledamot:

Björn HĂ¥kan Vestlund

 

 

Industry Code

 

ANZSIC 2006 Codes:

4129

-

Other Specialised Food Retailing

3601

-

General Line Grocery Wholesaling

3609

-

Other Grocery Wholesaling

3606

-

Liquor and Tobacco Product Wholesaling

 

ISIC Rev 4 Codes:

4721

-

Retail sale of food in specialized stores

4630

-

Wholesale of food, beverages and tobacco

 

NACE Rev 2 Codes:

4729

-

Other retail sale of food in specialised stores

4638

-

Wholesale of other food, including fish, crustaceans and molluscs

4639

-

Non-specialised wholesale of food, beverages and tobacco

4634

-

Wholesale of alcoholic and other beverages

 

NAICS 2012 Codes:

445299

-

All Other Specialty Food Stores

424410

-

General Line Grocery Merchant Wholesalers

424820

-

Wine and Distilled Alcoholic Beverage Merchant Wholesalers

424490

-

Other Grocery and Related Products Merchant Wholesalers

42482

-

Wine and Distilled Alcoholic Beverage Merchant Wholesalers

42441

-

General Line Grocery Merchant Wholesalers

4248

-

Beer, Wine, and Distilled Alcoholic Beverage Merchant Wholesalers

42449

-

Other Grocery and Related Products Merchant Wholesalers

 

US SIC 1987:

5499

-

Miscellaneous Food Stores

5141

-

Groceries, General Line

5182

-

Wine and Distilled Alcoholic Beverages

5149

-

Groceries and Related Products, Not Elsewhere Classified

518

-

Beer, Wine, and Distilled Alcoholic Beverages

 

UK SIC 2007:

4729

-

Other retail sale of food in specialised stores

4638

-

Wholesale of other food, including fish, crustaceans and molluscs

4639

-

Non-specialised wholesale of food, beverages and tobacco

46342

-

Wholesale of wine, beer, spirits and other alcoholic beverages

 

 

Business Description

 

Bo Risberg Import AB is primarily engaged in retailing miscellaneous specialty foods (except meat, fish, seafood, fruit and vegetables, confections, nuts, popcorn, and baked goods) not for immediate consumption and not made on the premises.

 

 

Financial Data

 

Financials in:

SEK(mil)

 

Revenue:

42.0

Net Income:

3.3

Assets:

24.8

Total Liabilities:

10.6

 

 

 

Date of Financial Data:

31-Aug-2012

 

1 Year Growth

NA

NA

NA

 

 

Corporate Structure News

 

Total Corporate Family Members: 2

 

Company Name

Company Type

Location

Country

Industry

Sales
(USD mil)

Employees

Far Away Food Holding AB

Parent

 

 

 

 

 

Bo Risberg Import AB

Subsidiary

Huddinge, Stockholm

Sweden

Grocery Stores

6.2

5

 

 

Executives Report

 

Board of Directors

 

 

Name

Title

Function

 

Bjorn Hakan Vestlund

 

verkst dir, ledamot

Director/Board Member

 

 

Executives

 

 

Name

Title

Function

 

Bjorn Hakan Vestlund

 

verkst dir, ledamot

Managing Director

 

 

 

Annual Profit & Loss

 

 

31-Aug-2012

31-Aug-2011

31-Aug-2010

Period Length

12 Months

12 Months

12 Months

Filed Currency

SEK

SEK

SEK

Exchange Rate (Period Average)

6.799393

6.540951

7.259367

Consolidated

No

No

No

 

 

 

 

Total Revenue

6.2

6.0

4.9

Gross Profit

0.5

0.5

0.9

Net Financial Items

-

-0.1

0.0

Operating Income

0.5

0.5

0.9

Income Before Tax

0.5

0.5

0.8

Net Income

0.5

0.2

0.6

 

 

Annual Balance Sheet

 

Financials in: USD (mil)

 

 

31-Aug-2012

31-Aug-2011

31-Aug-2010

Filed Currency

SEK

SEK

SEK

Exchange Rate

6.690567

6.32405

7.3703

Consolidated

No

No

No

 

 

 

 

Total Assets

3.7

3.4

2.7

Provisions

0.5

0.6

0.5

Total Liabilities

1.6

1.6

0.6

Total Equity

1.6

1.3

1.5

 

 

Annual Ratios

 

 

31-Aug-2012

31-Aug-2011

31-Aug-2010

Period Length

12 Months

12 Months

12 Months

Filed Currency

-

-

-

Exchange Rate

-

-

-

Consolidated

No

No

No

 

 

 

 

Operating Margin

8.44

8.31

18.88

Current Ratio

233.85

212.41

443.99

Total debt/total equity

53.53

48.63

72.03

Return on average equity

25.36

25.70

47.17

 

 

 

Annual Growth Rates

 

 

 

31-Aug-2011

31-Aug-2010

Period Length

12 Months

12 Months

Filed Currency

-

-

Exchange Rate

-

-

Consolidated

No

No

 

 

 

Turnover Percent Change

7.09%

10.09%

Marginal Contribution Percent Change

9.45%

-52.99%

Net Financial Items Percent Change

100.00%

-20,400.00%

Operating Results Percent Change

7.64%

-53.24%

Profit/Loss Before Tax Percent Change

10.52%

-45.94%

Profit/Loss for the Year Percent Change

104.98%

-63.10%

Assets Percent Change

14.10%

10.44%

Provisions Percent Change

-3.74%

-11.31%

Debts Percent Change

3.88%

131.47%

Equity Capital Percent Change

34.79%

-28.98%

Operating Margin Percent Change

1.56%

-55.99%

Current Ratio Percent Change

10.09%

-52.16%

Debt/Equity Ratio Percent Change

10.08%

-32.49%

Retun On Equity Percent Change

-1.32%

-45.52%

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.62.24

UK Pound

1

Rs.99.90

Euro

1

Rs.84.23

 

INFORMATION DETAILS

 

Report Prepared by :

NIT

 

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%)