|
Report Date : |
16.04.2014 |
IDENTIFICATION DETAILS
|
Name : |
GULDTEKNIK I KÖPING AKTIEBOLAG |
|
|
|
|
Registered Office : |
Box 200, 73125 Köping |
|
|
|
|
Country : |
Sweden |
|
|
|
|
Financials (as on) : |
2012 |
|
|
|
|
Date of Incorporation : |
02.05.1990 |
|
|
|
|
Com. Reg. No.: |
5563951846 |
|
|
|
|
Legal Form : |
Limited liability company |
|
|
|
|
Line of Business : |
Manufacture of jewellery and
related articles |
|
|
|
|
No. of Employees |
10 |
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 : |
Satisfactory |
|
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 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
Sweden |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
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 a rebound in 2010, but
growth slipped in 2013, as a result of continued economic weakness in the EU -
Sweden’s main export market
|
Source
: CIA |
|
Business
Name |
Guldteknik
i Köping Aktiebolag |
|
Country |
SWEDEN |
|
Company Registration Number |
5563951846 |
|
Main Activity |
Manufacture of jewellery and
related articles |
|
Activity Code |
32120 |
|
Company Status |
Active |
|
Latest Turnover Figure |
27.626.000 |
|
Latest Shareholder Equity
Figure |
6.442.000 |
|
Basic Information |
|
|
Business Name |
Guldteknik
i Köping Aktiebolag |
|
Registered Company Name |
Guldteknik
i Köping Aktiebolag |
|
Company Registration Number |
5563951846 |
|
Country |
SWEDEN |
|
VAT Registration Number |
SE556395184601 |
|
Date of Company Registration |
02/05/1990 |
|
Legal Form |
Limited liability company |
|
Company Status |
Active |
|
Currency of this Report |
SEK |
|
Principal Activity
Description |
Bolaget
skall bedriva handel och tillverkning av verktyg och artiklar inom
guldsmedbranschen. (The Company shall conduct trading and manufacturing of
tools and articles on gold business) |
|
Contact Address |
Box 200, 73125 KÖPING |
|
Contact Telephone Number |
0221-15430 |
|
Current Directors |
|||
|
Name |
Appointment Date |
Position |
|
|
Rolf Johan Pettersson |
10/11/2000 |
Actual Member of Board |
|
|
Lotta
Margareta Ingela Pettersson |
14/09/2006 |
Substitute |
|
No negative information found.
|
Issued Share Capital |
100.000 |
|
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 |
- |
|
No group structure for this company. |
|
Profit and Loss |
|||
|
Financial Year |
2012 |
2011 |
2010 |
|
Number of Weeks |
52 |
52 |
52 |
|
Currency |
SEK |
SEK |
SEK |
|
Consolidated Accounts |
N |
N |
N |
|
Revenue |
27.758.000 |
31.819.000 |
20.602.000 |
|
Operating Costs |
26.505.000 |
29.146.000 |
19.174.000 |
|
Operating Profit |
1.253.000 |
2.673.000 |
1.428.000 |
|
Wages & Salaries |
-4.009.000 |
-3.269.000 |
-3.276.000 |
|
Depreciation |
-48.000 |
-70.000 |
-72.000 |
|
Financial Income |
9.000 |
12.000 |
2.000 |
|
Financial Expenses |
- |
-7.000 |
-3.000 |
|
Extraordinary Income |
- |
- |
- |
|
Extraordinary Costs |
- |
-7.000 |
-3.000 |
|
Profit before Tax |
1.261.000 |
2.677.000 |
1.427.000 |
|
Tax |
-372.000 |
-560.000 |
-288.000 |
|
Profit after Tax |
889.000 |
2.117.000 |
1.139.000 |
|
Minority Interests |
- |
- |
- |
|
Other Appropriations |
125.000 |
-612.000 |
-366.000 |
|
Retained Profit |
1.014.000 |
1.506.000 |
772.000 |
|
Balance Sheet |
|||
|
Financial Year |
2012 |
2011 |
2010 |
|
Number of Weeks |
52 |
52 |
52 |
|
Currency |
SEK |
SEK |
SEK |
|
Consolidated Accounts |
N |
N |
N |
|
Land & Buildings |
217.000 |
0 |
0 |
|
Plant & Machinery |
0 |
0 |
0 |
|
Other Tangible Assets |
484.000 |
248.000 |
288.000 |
|
Total Tangible Assets |
701.000 |
248.000 |
288.000 |
|
Goodwill |
0 |
0 |
30.000 |
|
Other Intangible Assets |
0 |
0 |
0 |
|
Total Intangible Assets |
0 |
0 |
30.000 |
|
Loans To Group |
0 |
0 |
0 |
|
Other Loans |
0 |
0 |
0 |
|
Miscellaneous Fixed Assets |
9.000 |
9.000 |
0 |
|
Total Other Fixed Assets |
9.000 |
9.000 |
0 |
|
TOTAL FIXED ASSETS |
710.000 |
257.000 |
318.000 |
|
Work In Progress |
0 |
0 |
0 |
|
Other Inventories |
5.105.000 |
3.256.000 |
2.855.000 |
|
Total Inventories |
5.105.000 |
3.256.000 |
2.855.000 |
|
Trade Receivables |
3.236.000 |
5.489.000 |
3.519.000 |
|
Group Receivables |
0 |
0 |
0 |
|
Miscellaneous Receivables |
72.000 |
77.000 |
156.000 |
|
Total Receivables |
3.308.000 |
5.566.000 |
3.675.000 |
|
Cash |
1.787.000 |
941.000 |
100.000 |
|
Other Current Assets |
0 |
0 |
0 |
|
TOTAL CURRENT ASSETS |
10.200.000 |
9.763.000 |
6.630.000 |
|
TOTAL ASSETS |
10.910.000 |
10.020.000 |
6.948.000 |
|
Trade Payables |
115.000 |
132.000 |
429.000 |
|
Bank Liabilities |
0 |
0 |
20.000 |
|
Group Payables |
0 |
0 |
0 |
|
Miscellaneous Liabilities |
1.918.000 |
1.988.000 |
949.000 |
|
TOTAL CURRENT LIABILITIES |
2.033.000 |
2.120.000 |
1.398.000 |
|
Bank Liabilities Due After 1
Year |
0 |
0 |
0 |
|
Other Loans Or Finance Due
After 1 Year |
0 |
0 |
0 |
|
Group Payables After 1 Year |
0 |
0 |
0 |
|
Miscellaneous Liabilities Due
After 1 Year |
2.435.000 |
2.471.000 |
1.528.000 |
|
TOTAL LONG TERM LIABILITIES |
2.435.000 |
2.471.000 |
1.528.000 |
|
TOTAL LIABILITIES |
4.468.000 |
4.592.000 |
2.926.000 |
|
Called Up Share Capital |
100.000 |
100.000 |
100.000 |
|
Share Premium |
0 |
0 |
0 |
|
Revenue Reserves |
6.322.000 |
5.308.000 |
3.902.000 |
|
Other Reserves |
20.000 |
20.000 |
20.000 |
|
TOTAL SHAREHOLDERS EQUITY |
6.442.000 |
5.428.000 |
4.022.000 |
|
Other Financials |
|||
|
Contingent Liabilities |
0 |
0 |
0 |
|
Working Capital |
8.167.000 |
7.643.000 |
5.232.000 |
|
Net Worth |
6.442.000 |
5.428.000 |
3.992.000 |
|
Ratios |
|||
|
Pre-Tax Profit Margin |
4.54 % |
8.41 % |
6.93 % |
|
Return On Capital Employed |
9.74 % |
22.05 % |
17.10 % |
|
Return On Total Assets
Employed |
11.56 % |
26.72 % |
20.54 % |
|
Return On Net Assets Employed |
19.57 % |
49.32 % |
35.48 % |
|
Sales/Net Working Capital |
3.40 |
4.16 |
3.94 |
|
Stock Turnover Ratio |
18.39 % |
10.23 % |
13.86 % |
|
Debtor Days |
42.55 |
62.97 |
62.35 |
|
Creditor Days |
1.51 |
1.51 |
7.60 |
|
Current Ratio |
5.02 |
4.61 |
4.74 |
|
Liquidity Ratio/Acid Test |
2.51 |
3.07 |
2.70 |
|
Current Debt Ratio |
0.32 |
0.39 |
0.35 |
|
Gearing |
6.61 % |
6.21 % |
0.65 % |
|
Equity In Percentage |
59.10 % |
54.22 % |
58.14 % |
|
Total Debt Ratio |
0.69 |
0.85 |
0.73 |
N/a
|
Activities |
|
|
Activity Code |
Activity Description |
|
32120 |
Manufacture of jewellery and
related articles |
|
Main Address |
||
|
Address |
Country |
Telephone |
|
Box 200, 73125 KÖPING |
SWEDEN |
0221-15430 |
|
Other Address |
|
|
Address |
Country |
|
No other addresses for this
company. |
|
|
Email Addresses |
|
No information for this company. |
|
Web Pages |
|
No information for this company. |
|
Employee Information |
|
|
Year |
Number of Employees |
|
2012 |
10 |
|
2011 |
9 |
|
2010 |
9 |
|
2009 |
9 |
|
2008 |
7 |
|
Advisors |
|
|
Auditor Name |
Dan Häggquist |
|
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 |
32120 |
|
Activity Description |
Manufacture of jewellery and
related articles |
|
Industry Average Credit
Rating |
69 (1 - 100) |
|
Industry Average Credit Limit |
1.000 |
|
Event History |
|
|
Event Date |
Event Description |
|
29/07/2013 |
Annual account, new |
|
09/07/2013 |
Annual report (PDF), new |
|
07/09/2012 |
Annual account, new |
|
19/07/2012 |
Annual report (PDF), new |
|
11/08/2011 |
Annual account, new |
|
28/07/2011 |
Annual report (PDF), new |
|
29/03/2011 |
Fax number, removed |
|
29/03/2011 |
Phone number, changed |
|
06/08/2010 |
Annual account, new |
|
28/07/2010 |
Annual report (PDF), new |
|
13/07/2010 |
Address, changed |
|
19/02/2010 |
Board, changed |
|
16/02/2010 |
Board, changed |
|
10/08/2009 |
Annual account, new |
|
30/07/2009 |
Annual report (PDF), new |
N/a
DIAMOND INDUSTRY – INDIA
-
From time immemorial, India is well known in the world as the birthplace
for diamonds. It is difficult to trace the origin of diamonds but history
says that in the remote past, diamonds were mined only in India. Diamond
production in India can be traced back to almost 8th Century B.C.
India, in fact, remained undisputed leader till 18th Century
when Brazilian fields were discovered in 1725 followed by emergence of S.
Africa, Russia and Australia.
-
The achievement of the Indian diamond industry was possible only due to
combination of the manufacturing skills of the Indian workforce and the untiring
and unflagging efforts of the Indian diamantaires,
supported by progressive Government policies.
-
The area of study of family owned diamond businesses derives its
importance from the huge conglomerate of family run organizations which operate
in the diamond industry since many generations.
-
Some of the basic traits of family run business enterprises include
spirit of entrepreneurship, mutual trust lowers transaction costs, small,
nimble and quick to react, information as a source of advantage and philanthropy.
-
Family owned diamond businesses need to improve on many fronts including
higher standard of corporate governance, long-term performance – focused
strategies, modern management and technology.
-
Utmost caution is to be exercised while dealing with some medium and
large diamond traders which are usually engaged in fictitious import – export,
inter-company transactions, financially assisted by banks. In the process,
several public sector banks lost several hundred million rupees. They mostly
diverted borrowed money for diamond business into real estate and capital
markets.
-
Excerpts from Times of India dated 30th October 2010 is as
under –
-
Gem & Jewellery Export Promotion Council
in its statistical data has shown the export of polished diamonds to have increase
by 28 % in February 2013. Compared to $ 1.4 bn worth
of polished diamond export in February, 2012, India exported $ 1.84 billion
worth of polished diamonds in February 2013. A senior executive of GJEPC said,
“Export of cut and polished diamonds started falling month-wise after the
imposition of 2 % of import duty on the polished diamonds. But February, 2013
has given a new ray of hope to the industry as the export of polished diamonds
has actually increased by 28 %. It means the industry is on the track of
recovery and round tripping of diamonds has stopped completely.” Demand has
started coming from the US, the UK, Japan and China. India’s polished diamond
export is expected to cross $ 21 bn in 2013-14.
-
The banking sector has started exercising restraint while following
prudent risk management norms when lending money to gems and jewellery sector. This follows the implementation of Basel
III accord – a global voluntary regulatory standard on bank capital adequacy,
stress testing and market liquidity.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.26 |
|
|
1 |
Rs.100.70 |
|
Euro |
1 |
Rs.83.27 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
|
|
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%)
|
Report Date : |
16.04.2014 |
IDENTIFICATION DETAILS
|
Name : |
GULDTEKNIK I KÖPING AKTIEBOLAG |
|
|
|
|
Registered Office : |
Box 200, 73125 Köping |
|
|
|
|
Country : |
Sweden |
|
|
|
|
Financials (as on) : |
2012 |
|
|
|
|
Date of Incorporation : |
02.05.1990 |
|
|
|
|
Com. Reg. No.: |
5563951846 |
|
|
|
|
Legal Form : |
Limited liability company |
|
|
|
|
Line of Business : |
Manufacture of jewellery and
related articles |
|
|
|
|
No. of Employees |
10 |
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 : |
Satisfactory |
|
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 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
Sweden |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
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 a rebound in 2010, but
growth slipped in 2013, as a result of continued economic weakness in the EU -
Sweden’s main export market
|
Source
: CIA |
|
Business
Name |
Guldteknik
i Köping Aktiebolag |
|
Country |
SWEDEN |
|
Company Registration Number |
5563951846 |
|
Main Activity |
Manufacture of jewellery and
related articles |
|
Activity Code |
32120 |
|
Company Status |
Active |
|
Latest Turnover Figure |
27.626.000 |
|
Latest Shareholder Equity
Figure |
6.442.000 |
|
Basic Information |
|
|
Business Name |
Guldteknik
i Köping Aktiebolag |
|
Registered Company Name |
Guldteknik
i Köping Aktiebolag |
|
Company Registration Number |
5563951846 |
|
Country |
SWEDEN |
|
VAT Registration Number |
SE556395184601 |
|
Date of Company Registration |
02/05/1990 |
|
Legal Form |
Limited liability company |
|
Company Status |
Active |
|
Currency of this Report |
SEK |
|
Principal Activity
Description |
Bolaget
skall bedriva handel och tillverkning av verktyg och artiklar inom
guldsmedbranschen. (The Company shall conduct trading and manufacturing of
tools and articles on gold business) |
|
Contact Address |
Box 200, 73125 KÖPING |
|
Contact Telephone Number |
0221-15430 |
|
Current Directors |
|||
|
Name |
Appointment Date |
Position |
|
|
Rolf Johan Pettersson |
10/11/2000 |
Actual Member of Board |
|
|
Lotta
Margareta Ingela Pettersson |
14/09/2006 |
Substitute |
|
No negative information found.
|
Issued Share Capital |
100.000 |
|
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 |
- |
|
No group structure for this company. |
|
Profit and Loss |
|||
|
Financial Year |
2012 |
2011 |
2010 |
|
Number of Weeks |
52 |
52 |
52 |
|
Currency |
SEK |
SEK |
SEK |
|
Consolidated Accounts |
N |
N |
N |
|
Revenue |
27.758.000 |
31.819.000 |
20.602.000 |
|
Operating Costs |
26.505.000 |
29.146.000 |
19.174.000 |
|
Operating Profit |
1.253.000 |
2.673.000 |
1.428.000 |
|
Wages & Salaries |
-4.009.000 |
-3.269.000 |
-3.276.000 |
|
Depreciation |
-48.000 |
-70.000 |
-72.000 |
|
Financial Income |
9.000 |
12.000 |
2.000 |
|
Financial Expenses |
- |
-7.000 |
-3.000 |
|
Extraordinary Income |
- |
- |
- |
|
Extraordinary Costs |
- |
-7.000 |
-3.000 |
|
Profit before Tax |
1.261.000 |
2.677.000 |
1.427.000 |
|
Tax |
-372.000 |
-560.000 |
-288.000 |
|
Profit after Tax |
889.000 |
2.117.000 |
1.139.000 |
|
Minority Interests |
- |
- |
- |
|
Other Appropriations |
125.000 |
-612.000 |
-366.000 |
|
Retained Profit |
1.014.000 |
1.506.000 |
772.000 |
|
Balance Sheet |
|||
|
Financial Year |
2012 |
2011 |
2010 |
|
Number of Weeks |
52 |
52 |
52 |
|
Currency |
SEK |
SEK |
SEK |
|
Consolidated Accounts |
N |
N |
N |
|
Land & Buildings |
217.000 |
0 |
0 |
|
Plant & Machinery |
0 |
0 |
0 |
|
Other Tangible Assets |
484.000 |
248.000 |
288.000 |
|
Total Tangible Assets |
701.000 |
248.000 |
288.000 |
|
Goodwill |
0 |
0 |
30.000 |
|
Other Intangible Assets |
0 |
0 |
0 |
|
Total Intangible Assets |
0 |
0 |
30.000 |
|
Loans To Group |
0 |
0 |
0 |
|
Other Loans |
0 |
0 |
0 |
|
Miscellaneous Fixed Assets |
9.000 |
9.000 |
0 |
|
Total Other Fixed Assets |
9.000 |
9.000 |
0 |
|
TOTAL FIXED ASSETS |
710.000 |
257.000 |
318.000 |
|
Work In Progress |
0 |
0 |
0 |
|
Other Inventories |
5.105.000 |
3.256.000 |
2.855.000 |
|
Total Inventories |
5.105.000 |
3.256.000 |
2.855.000 |
|
Trade Receivables |
3.236.000 |
5.489.000 |
3.519.000 |
|
Group Receivables |
0 |
0 |
0 |
|
Miscellaneous Receivables |
72.000 |
77.000 |
156.000 |
|
Total Receivables |
3.308.000 |
5.566.000 |
3.675.000 |
|
Cash |
1.787.000 |
941.000 |
100.000 |
|
Other Current Assets |
0 |
0 |
0 |
|
TOTAL CURRENT ASSETS |
10.200.000 |
9.763.000 |
6.630.000 |
|
TOTAL ASSETS |
10.910.000 |
10.020.000 |
6.948.000 |
|
Trade Payables |
115.000 |
132.000 |
429.000 |
|
Bank Liabilities |
0 |
0 |
20.000 |
|
Group Payables |
0 |
0 |
0 |
|
Miscellaneous Liabilities |
1.918.000 |
1.988.000 |
949.000 |
|
TOTAL CURRENT LIABILITIES |
2.033.000 |
2.120.000 |
1.398.000 |
|
Bank Liabilities Due After 1
Year |
0 |
0 |
0 |
|
Other Loans Or Finance Due
After 1 Year |
0 |
0 |
0 |
|
Group Payables After 1 Year |
0 |
0 |
0 |
|
Miscellaneous Liabilities Due
After 1 Year |
2.435.000 |
2.471.000 |
1.528.000 |
|
TOTAL LONG TERM LIABILITIES |
2.435.000 |
2.471.000 |
1.528.000 |
|
TOTAL LIABILITIES |
4.468.000 |
4.592.000 |
2.926.000 |
|
Called Up Share Capital |
100.000 |
100.000 |
100.000 |
|
Share Premium |
0 |
0 |
0 |
|
Revenue Reserves |
6.322.000 |
5.308.000 |
3.902.000 |
|
Other Reserves |
20.000 |
20.000 |
20.000 |
|
TOTAL SHAREHOLDERS EQUITY |
6.442.000 |
5.428.000 |
4.022.000 |
|
Other Financials |
|||
|
Contingent Liabilities |
0 |
0 |
0 |
|
Working Capital |
8.167.000 |
7.643.000 |
5.232.000 |
|
Net Worth |
6.442.000 |
5.428.000 |
3.992.000 |
|
Ratios |
|||
|
Pre-Tax Profit Margin |
4.54 % |
8.41 % |
6.93 % |
|
Return On Capital Employed |
9.74 % |
22.05 % |
17.10 % |
|
Return On Total Assets
Employed |
11.56 % |
26.72 % |
20.54 % |
|
Return On Net Assets Employed |
19.57 % |
49.32 % |
35.48 % |
|
Sales/Net Working Capital |
3.40 |
4.16 |
3.94 |
|
Stock Turnover Ratio |
18.39 % |
10.23 % |
13.86 % |
|
Debtor Days |
42.55 |
62.97 |
62.35 |
|
Creditor Days |
1.51 |
1.51 |
7.60 |
|
Current Ratio |
5.02 |
4.61 |
4.74 |
|
Liquidity Ratio/Acid Test |
2.51 |
3.07 |
2.70 |
|
Current Debt Ratio |
0.32 |
0.39 |
0.35 |
|
Gearing |
6.61 % |
6.21 % |
0.65 % |
|
Equity In Percentage |
59.10 % |
54.22 % |
58.14 % |
|
Total Debt Ratio |
0.69 |
0.85 |
0.73 |
N/a
|
Activities |
|
|
Activity Code |
Activity Description |
|
32120 |
Manufacture of jewellery and
related articles |
|
Main Address |
||
|
Address |
Country |
Telephone |
|
Box 200, 73125 KÖPING |
SWEDEN |
0221-15430 |
|
Other Address |
|
|
Address |
Country |
|
No other addresses for this
company. |
|
|
Email Addresses |
|
No information for this company. |
|
Web Pages |
|
No information for this company. |
|
Employee Information |
|
|
Year |
Number of Employees |
|
2012 |
10 |
|
2011 |
9 |
|
2010 |
9 |
|
2009 |
9 |
|
2008 |
7 |
|
Advisors |
|
|
Auditor Name |
Dan Häggquist |
|
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 |
32120 |
|
Activity Description |
Manufacture of jewellery and
related articles |
|
Industry Average Credit
Rating |
69 (1 - 100) |
|
Industry Average Credit Limit |
1.000 |
|
Event History |
|
|
Event Date |
Event Description |
|
29/07/2013 |
Annual account, new |
|
09/07/2013 |
Annual report (PDF), new |
|
07/09/2012 |
Annual account, new |
|
19/07/2012 |
Annual report (PDF), new |
|
11/08/2011 |
Annual account, new |
|
28/07/2011 |
Annual report (PDF), new |
|
29/03/2011 |
Fax number, removed |
|
29/03/2011 |
Phone number, changed |
|
06/08/2010 |
Annual account, new |
|
28/07/2010 |
Annual report (PDF), new |
|
13/07/2010 |
Address, changed |
|
19/02/2010 |
Board, changed |
|
16/02/2010 |
Board, changed |
|
10/08/2009 |
Annual account, new |
|
30/07/2009 |
Annual report (PDF), new |
N/a
DIAMOND INDUSTRY – INDIA
-
From time immemorial, India is well known in the world as the birthplace
for diamonds. It is difficult to trace the origin of diamonds but history
says that in the remote past, diamonds were mined only in India. Diamond
production in India can be traced back to almost 8th Century B.C.
India, in fact, remained undisputed leader till 18th Century
when Brazilian fields were discovered in 1725 followed by emergence of S.
Africa, Russia and Australia.
-
The achievement of the Indian diamond industry was possible only due to
combination of the manufacturing skills of the Indian workforce and the untiring
and unflagging efforts of the Indian diamantaires,
supported by progressive Government policies.
-
The area of study of family owned diamond businesses derives its
importance from the huge conglomerate of family run organizations which operate
in the diamond industry since many generations.
-
Some of the basic traits of family run business enterprises include
spirit of entrepreneurship, mutual trust lowers transaction costs, small,
nimble and quick to react, information as a source of advantage and philanthropy.
-
Family owned diamond businesses need to improve on many fronts including
higher standard of corporate governance, long-term performance – focused
strategies, modern management and technology.
-
Utmost caution is to be exercised while dealing with some medium and
large diamond traders which are usually engaged in fictitious import – export,
inter-company transactions, financially assisted by banks. In the process,
several public sector banks lost several hundred million rupees. They mostly
diverted borrowed money for diamond business into real estate and capital
markets.
-
Excerpts from Times of India dated 30th October 2010 is as
under –
-
Gem & Jewellery Export Promotion Council
in its statistical data has shown the export of polished diamonds to have increase
by 28 % in February 2013. Compared to $ 1.4 bn worth
of polished diamond export in February, 2012, India exported $ 1.84 billion
worth of polished diamonds in February 2013. A senior executive of GJEPC said,
“Export of cut and polished diamonds started falling month-wise after the
imposition of 2 % of import duty on the polished diamonds. But February, 2013
has given a new ray of hope to the industry as the export of polished diamonds
has actually increased by 28 %. It means the industry is on the track of
recovery and round tripping of diamonds has stopped completely.” Demand has
started coming from the US, the UK, Japan and China. India’s polished diamond
export is expected to cross $ 21 bn in 2013-14.
-
The banking sector has started exercising restraint while following
prudent risk management norms when lending money to gems and jewellery sector. This follows the implementation of Basel
III accord – a global voluntary regulatory standard on bank capital adequacy,
stress testing and market liquidity.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.26 |
|
|
1 |
Rs.100.70 |
|
Euro |
1 |
Rs.83.27 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
|
|
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.