|
Report Date : |
24.12.2014 |
IDENTIFICATION DETAILS
|
Name : |
VOLVO MERCHANDISE AB |
|
|
|
|
Registered Office : |
40508 Gothenburg |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
2013 |
|
|
|
|
Date of Incorporation : |
30.11.2007 |
|
|
|
|
Com. Reg. No.: |
SE556744915101 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
· Non-Specialised Wholesale Trade · Wholesale of Clothing and Footwear |
|
|
|
|
No. of Employees : |
14 |
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 – September 30, 2014
|
Country Name |
Previous Rating (30.06.2014) |
Current Rating (30.09.2014) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
Aided by peace and neutrality
for the whole of the 20th century,
|
Source
: CIA |
|
Business
Name |
Volvo |
|
Country |
|
|
Company
Registration Number |
5567449151 |
|
Activity
Code |
46900 |
|
Activity
Description |
Non-specialised wholesale
trade |
|
Company
Status |
Active (Active) |
|
Latest
Turnover Figure |
80.603.000 SEK |
|
Latest
Shareholder Equity Figure |
24.810.000 SEK |
|
Business
Name |
Volvo |
|
Registered
Company Name |
Volvo |
|
Company
Registration Number |
5567449151 |
|
Country |
|
|
VAT
Registration Number |
SE556744915101 |
|
Date
of Company Registration |
30/11/2007 |
|
Legal
Form |
Limited liability company |
|
Company
Status |
Active (Active) |
|
Currency
of this Report |
SEK |
|
Principal
Activity Code |
No code |
|
Principal
Activity Description |
Bolaget ska bedriva
utveckling och fbrsaljning av varumarkesprodukter och relaterade tjanster
samt darmed fbrenlig verksamhet. |
|
Contact
Address |
40508 |
|
Contact
Telephone Number |
031-660000 |
|
Address |
Country Telephone |
|
|
40508 |
|
|
Address Country
No other addresses for this company --
|
Activity
Code |
Activity Description |
|
45900 |
Non-specialised wholesale
trade |
|
46420 |
Wholesale of clothing and
foolwear |
No email addresses for this
company
|
Year |
Number of Employees |
|
2013 |
14 |
|
2012 |
13 |
|
2011 |
13 |
|
2010 |
13 |
|
2009 |
19 |
Auditor Name Öhrlings PricewaterhouseCoopers AB
|
Registered
for FTax |
Yes |
|
Registered
for VAT |
Yes |
|
Registered
for Employee Tax |
Yes |
No certificate information for this company
|
Activity
Code |
46900 |
|
Activity
Description |
Non-specialised wholesale trade |
|
Industry
Average Credit Rating |
72 (1 -100) |
|
Industry
Average Credit Limit |
44.000 |
|
Event
Date |
Event
Description |
|
|
13/11/2014 |
Group Structure Change |
|
|
12/11/2014 |
Group Structure Change |
|
|
07/11/2014 |
Group Structure Change |
|
|
21/102014 |
Group Structure Change |
|
|
16/10/2014 |
Group Structure Change |
|
|
14/102014 |
Group Structure Change |
|
|
09/102014 |
Group Structure Change |
|
|
29/09/2014 |
Group Structure Change |
|
|
25/09/2014 |
Group Structure Change |
|
|
24/09/2014 |
Group Structure Change |
|
|
18/09/2014 |
Group Structure Change |
|
|
04/09/2014 |
Group Structure Change |
|
|
01/09/2014 |
Group Structure Change |
|
|
29/08/2014 |
Group Structure Change |
|
|
27/08/2014 |
Group Structure Change |
|
|
25/08/2014 |
Group Structure Change |
|
|
18/08/2014 |
Group Structure Change |
|
|
15/08/2014 |
Group Structure Change |
|
|
13/08/2014 |
Annual account, new |
|
|
13/08/2014 |
Group Structure Change |
|
|
12/08/2014 |
Group Structure Change |
|
|
08/08/2014 |
Group Structure Change |
|
|
07/08/2014 |
Annual report (PDF), new |
|
|
07/08/2014 |
Group Structure Change |
|
|
0608/2014 |
Group Structure Change |
|
|
04/08/2014 |
Group Structure Change |
|
|
31/07/2014 |
Group Structure Change |
|
|
28/07/2014 |
Group Structure Change |
|
|
25/07/2014 |
Group Structure Change |
|
|
24/07/2014 |
Group Structure Change |
|
|
05/06/2014 |
Group Structure Change |
|
|
21/05/2014 |
Company representatives,
changed |
|
|
21/05/2014 |
Authorised signatories
amended or new/amended vacancy text |
|
|
13/05/2014 |
Group Structure Change |
|
|
17/102013 |
Group Structure Change |
|
|
26/09/2013 |
Annual report (PDF), new |
|
|
24/09/2013 |
Group Structure Change |
|
|
20/09/2013 |
Limit, increase |
|
|
20/09/2013 |
Annual account, new |
|
|
09/09/2013 |
Group Structure Change |
|
|
06/09/2013 |
Group Structure Change |
|
|
30/08/2013 |
Group Structure Change |
|
|
29/08/2013 |
Group Structure Change |
|
|
27/08/2013 |
Group Structure Change |
|
|
26/08/2013 |
Group Structure Change |
|
|
23/08/2013 |
Group Structure Change |
|
|
21/08/2013 |
Group Structure Change |
|
|
16/08/2013 |
Group Structure Change |
|
|
15/08/2013 |
Group Structure Change |
|
|
08/08/2013 |
Group Structure Change |
|
|
07/08/2013 |
Group Structure Change |
|
|
05/08/2013 |
Group Structure Change |
|
|
02/08/2013 |
Group Structure Change |
|
|
01/08/2013 |
Group Structure Change |
|
|
31/07/2013 |
Group Structure Change |
|
|
30/07/2013 |
Group Structure Change |
|
|
29/07/2013 |
Group Structure Change |
|
|
22/07/2013 |
Group Structure Change |
|
|
18/06/2013 |
Group Structure Change |
|
|
20/10/2012 |
Company representatives,
changed |
|
|
20/10/2012 |
Limit, increase |
|
|
20/10/2012 |
Authorised signatories
amended or new/amended vacancy text |
|
|
17/08/2012 |
Annual account, new |
|
|
31/07/2012 |
Annual report (PDF), new |
|
|
27/09/2011 |
Company representatives,
changed |
|
|
27/09/2011 |
Board, changed |
|
|
27/09/2011 |
Limit, decrease |
|
|
27/09/2011 |
Authorised signatories
amended or new/amended vacancy text |
|
|
16/09/2011 |
Limit, increase |
|
|
1609/2011 |
Annual account, new |
|
|
09/08/2011 |
Annual report (PDF), new |
|
|
04/05/2011 |
Limit, decrease |
|
|
29/03/2011 |
Fax number, removed |
|
|
04/122010 |
Limit, increase |
|
|
02/11/2010 |
Authorised signatories
amended or new/amended vacancy text |
|
|
02/11/2010 |
Limit, increase |
|
|
02/11/2010 |
Company representatives,
changed |
|
|
02/11/2010 |
Board, changed |
|
|
06/102010 |
Limit, decrease |
|
|
06/102010 |
Authorised signatories
amended or new/amended vacancy text |
|
|
06/102010 |
Board, changed |
|
|
06/102010 |
Company representatives,
changed |
|
|
17/08/2010 |
Annual account, new |
|
|
17/08/2010 |
Limit, increase |
|
|
02/08/2010 |
Annual report (PDF), new |
|
|
05/06/2010 |
Limit, increase |
|
|
22/05/2010 |
Limit, decrease |
|
|
06/03/2010 |
Limit, increase |
|
|
13/022010 |
Limit, decrease |
|
|
16/01/2010 |
Authorised signatory,
changed |
|
|
16/01/2010 |
Company representatives, changed |
|
|
16/01/2010 |
Board, changed |
|
No status history
events for this company
|
Financial
Year |
2013 |
2012 |
2011 |
|
|
Number
of Weeks |
52 |
52 |
52 |
|
|
Currency |
SEK |
SEK |
SEK |
|
|
Consolidated
Accounts |
No |
No |
No |
|
|
Revenue |
80.866.000 |
79.782.000 |
91.062.000 |
|
|
Operating
Costs |
71.606.000 |
86.621.000 |
79.491.000 |
|
|
Operating
Profit |
9.260.000 |
-6.839.000 |
11.571.000 |
|
|
Financial
Income |
16.000 |
7.000 |
0 |
|
|
Financial
Expenses |
-579.000 |
-1.338.000 |
-1.569.000 |
|
|
Extraordinary
Income |
0 |
0 |
0 |
|
|
Extraordinary
Costs |
0 |
0 |
0 |
|
|
Profit
before Tax |
8.697.000 |
-8.170.000 |
10.003.000 |
|
|
Tax |
-392.000 |
-545.000 |
-2.626.000 |
|
|
Profit
after Tax |
8.305.000 |
-8.715.000 |
7.377.000 |
|
|
Minority
Interests |
0 |
0 |
0 |
|
|
Other
Appropriations |
-6.939.000 |
9.827.000 |
-51.000 |
|
|
Retained
Profit |
1.366.000 |
1.112.000 |
7.326.000 |
|
|
Financial
Year |
2013 |
2012 |
2011 |
|
|
Number
of Weeks |
52 |
52 |
52 |
|
|
Currency |
SEK |
SEK |
SEK |
|
|
Consolidated
Accounts |
No |
No |
No |
|
|
Land
& Buildings |
0 |
0 |
0 |
|
|
Plant
& Machinery |
0 |
0 |
0 |
|
|
Other
Tangible Assets |
351.000 |
298.000 |
3.641.000 |
|
|
Total
Tangible Assets |
351.000 |
298.000 |
3.641.000 |
|
|
Goodwill |
0 |
0 |
0 |
|
|
Other
Intangible Assets |
0 |
0 |
0 |
|
|
Total
Intangible Assets |
0 |
0 |
0 |
|
|
Loans
To Group |
0 |
0 |
0 |
|
|
Other
Loans |
0 |
0 |
0 |
|
|
Miscellaneous
Fixed Assets |
65.000 |
458.000 |
1.003.000 |
|
|
Total
Other Fixed Assets |
65.000 |
458.000 |
1.003.000 |
|
|
TOTAL
FIXED ASSETS |
416.000 |
756.000 |
4.644.000 |
|
|
Work
In Progress |
0 |
0 |
0 |
|
|
Other
Inventories |
27.860.000 |
24.375.000 |
35.336.000 |
|
|
Total
Inventories |
27.860.000 |
24.375.000 |
35.336.000 |
|
|
Trade
Receivables |
2.123.000 |
2.733.000 |
5.473.000 |
|
|
Group
Receivables |
27.432.000 |
25.171.000 |
19.756.000 |
|
|
Miscellaneous
Receivables |
2.071.000 |
373.000 |
4.446.000 |
|
|
Total
Receivables |
31.626.000 |
28.277.000 |
29.675.000 |
|
|
Cash |
26.000 |
106.000 |
0 |
|
|
Other
Current Assets |
0 |
0 |
0 |
|
|
TOTAL
CURRENT ASSETS |
59.512.000 |
52.758.000 |
65.011.000 |
|
|
TOTAL
ASSETS |
59.928.000 |
53.514.000 |
69.655.000 |
|
|
Trade
Payables |
7.420.000 |
4.705.000 |
4.445.000 |
|
|
Bank
Liabilities |
0 |
0 |
0 |
|
|
Group
Payables |
22.820.000 |
20.243.000 |
32.819.000 |
|
|
Miscellaneous
Liabilities |
3.427.000 |
3.702.000 |
7.436.000 |
|
|
TOTAL
CURRENT LIABILITIES |
33.667.000 |
28.650.000 |
44.700.000 |
|
|
Bank
Liabilities Due After 1 Year |
0 |
0 |
0 |
|
|
Other
Loans Or Finance Due After 1 Year |
0 |
0 |
0 |
|
|
Group
Payables Due After 1 Year |
0 |
0 |
0 |
|
|
Miscellaneous
Liabilities Due After 1 Year |
1.451.000 |
1.420.000 |
1.623.000 |
|
|
TOTAL
LONG TERM LIABILITIES |
1.451.000 |
1.420.000 |
1.623.000 |
|
|
TOTAL
LIABILITIES |
35.118.000 |
30.070.000 |
46.323.000 |
|
|
Called
Up Share Capital |
100.000 |
100.000 |
100.000 |
|
|
Share
Premium |
0 |
0 |
0 |
|
|
Revenue
Reserves |
24.710.000 |
23.344.000 |
32.960.000 |
|
|
Other
Reserves |
0 |
0 |
-9.728.000 |
|
|
TOTAL
SHAREHOLDERS EQUITY |
24.810.000 |
23.444.000 |
23.332.000 |
|
|
Contingent
Liabilities |
75.000 |
67.000 |
51.000 |
|
|
Working
Capital |
25.845.000 |
24.108.000 |
20.311.000 |
|
|
Net
Worth |
24.810.000 |
23.444.000 |
23.332.000 |
|
|
Pre-Tax
Profit Margin |
10.75% |
-10.24% |
10.98% |
|
|
Return
On Capital Employed |
9.29% |
-9.94 % |
8.75% |
|
|
Return
On Total Assets Employed |
14.51 % |
-15.27% |
14.36% |
|
|
Return
On Net Assets Employed |
35.05% |
-34.85% |
42.87% |
|
|
Sales/Net
Working Capital |
3.13 |
3.31 |
4.48 |
|
|
Stock
Turnover Ratio |
34.45% |
30.55% |
38.80% |
|
|
Debtor
Days |
9.58 |
12.50 |
21.94 |
|
|
Creditor
Days |
33.49 |
21.53 |
17.82 |
|
|
Current
Ratio |
1.77 |
1.84 |
1.45 |
|
|
Liquidity
Ratio/Acid Test |
0.94 |
0.99 |
0.66 |
|
|
Current
Debt Ratio |
1.36 |
1.22 |
1.92 |
|
|
Gearing |
0 |
0 |
0 |
|
|
Equity
In Percentage |
41.44% |
44.19% |
33.99% |
|
|
Total
debts ratio |
1.42 |
1.28 |
1.99 |
|
Issued Share
Capital 100.000
SEK
No Shareholders
data for the company
|
Current
Directors |
|
||||||
|
Name |
Appointment
Date |
Position |
|
|
|
||
|
Johan Martin Carlsson |
01/11/2010 |
Actual Member of Board |
|
|
|||
|
Jan Fredrik Magnusson |
19/102012 |
Actual Member of Board |
|
|
|||
|
Elsa Kristina Jarring |
19/102012 |
Actual Member of Board |
|
|
|||
|
Puck Charlotta Modig |
19/102012 |
Actual Member of Board |
|
|
|||
|
|
|
||||||
|
Previous
Directors |
|
||||||
|
Name |
Appointment
Date |
Position |
Resignation
Date |
|
|
||
|
Lars Ake Tollemark |
26/05/2008 |
Actual
Member of Board |
20/05/2014 |
|
|
||
|
Sven Magnus Koch |
27/07/2009 |
Actual
Member of Board |
19/102012 |
|
|
||
|
Nils Peter TommyKohle |
15/01/2010 |
Actual
Member of Board |
19/102012 |
|
|
||
|
Claes-Gbran Nilsson |
26/05/2008 |
Actual
Member of Board |
19/102012 |
|
|
||
|
Nils
Mats Olof Nilsson |
06/022008 |
Actual
Member of Board |
19/102012 |
||||
|
Tony
Sverker Larsson |
18/05/2009 |
External
CEO |
19/102012 |
||||
|
Lillemor
Ulrika Nilsson Everingham |
06/022008 |
Actual
Member of Board |
24/092011 |
||||
|
Erik
Anders Brannstrbm |
06/022008 |
Actual
Member of Board |
01/112010 |
||||
|
Hans
Helge Ricard Fritz |
26/052008 |
Actual
Member of Board |
15/012010 |
||||
|
Debt
Balance |
|
|
Currency |
SEK |
|
Number
Of Private Claims |
0 |
|
Balance
Of Private Claims |
0 |
|
Number
Of Public Claims |
0 |
|
Balance
Of Public Claims |
0 |
|
Total
Balance |
0 |
|
|
|
|
Record
of Non Payment |
|
|
Number
Of Distraint Or Repossessions |
0 |
|
Number
Of Public Claims |
0 |
|
Number
Of Private Claims |
0 |
|
Number
Of Applications |
0 |
|
Number
Of Revoked Applications |
0 |
|
|
|
|
Latest
Public Claim |
|
|
No
Latest Public Claim for this company. |
|
|
|
|
|
Latest
Private Claim |
|
|
No Latest Private Claim for this company. |
|
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.45 |
|
|
1 |
Rs.98.88 |
|
Euro |
1 |
Rs.77.62 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.