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Report Date : |
28.02.2014 |
IDENTIFICATION DETAILS
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Name : |
ARBETSSKYDD EXPRESS INT. AB |
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Registered Office : |
Gravorgatan 13, 25360 Ramlosa |
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Country : |
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Financials (as on) : |
2013 |
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Date of Incorporation : |
29.11.2011 |
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Com. Reg. No.: |
5568736952 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
· Manufacturer of footwear Wholesaler of clothing and footwear |
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No. of Employees |
06 (2013) |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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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 – december 01, 2013
|
Country Name |
Previous Rating (30.09.2013) |
Current Rating (01.12.2013) |
|
Sweden |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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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
|
Business Name |
Arbetsskydd Express Int. AB |
|
Country |
SWEDEN |
|
Company Registration Number |
5568736952 |
|
Main Activity |
Manufacture of footwear |
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Activity Code |
15200 |
|
Company Status |
Active |
|
Latest Turnover Figure |
14.296.000 |
|
Latest Shareholder Equity Figure |
1.492.000 |
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|
|
Company Information |
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|
|
|
|
Basic Information |
|
|
Business Name |
Arbetsskydd Express Int. AB |
|
Registered Company Name |
Arbetsskydd Express Int. AB |
|
Company Registration Number |
5568736952 |
|
Country |
SWEDEN |
|
VAT Registration Number |
SE556873695201 |
|
Date of Company Registration |
29/11/2011 |
|
Legal Form |
Limited liability company |
|
Company Status |
Active |
|
Currency of this Report |
SEK |
|
Principal Activity Description |
Aktiebolagets verksamhet skall vara att bedriva fb'rsaljning av
arbetsklader, skyddsskor, personlig skyddsutrustning, textiltryck, tillverkning
av tratofflor och sandaler samt forsaljning av mjuktofflor och arbetsskor. (The company's corporate operations shall be to conduct
fb'rsaljning of workwear, safety footwear, personal protective equipment,
textile printing, manufacture of wooden clogs and sandals and gush sales of
soft slippers, and working shoes.) |
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Contact Address |
Gravorgatan 13, 25360 RAMLOSA |
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Contact Telephone Number |
042-298055 |
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Activities |
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Activity Description |
|
15200 |
Manufacture of footwear |
|
46420 |
Wholesale of clothing and footwear |
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Financial Year |
2013 |
2012 |
|
Number of Weeks |
52 |
30 |
|
Currency |
SEK |
SEK |
|
Consolidated Accounts |
N |
N |
|
Revenue |
14.402.000 |
7.516.000 |
|
Operating Costs |
13.407.000 |
7.244.000 |
|
Operating Profit |
995.000 |
272.000 |
|
Wages & Salaries |
-2.134.000 |
-1.669.000 |
|
Depreciation |
-32.000 |
-13.000 |
|
Financial Income |
4.000 |
|
|
Financial Expenses |
-4.000 |
-25.000 |
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Extraordinary Income |
|
|
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Extraordinary Costs |
-4.000 |
-25.000 |
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Profit before Tax |
995.000 |
247.000 |
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Tax |
-234.000 |
-120.000 |
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Profit after Tax |
761.000 |
127.000 |
|
Minority Interests
- - |
||
|
Other Appropriations |
-116.000 |
202.000 |
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Retained Profit |
645.000 |
329.000 |
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Balance Sheet |
||
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Financial Year |
2013 |
2012 |
|
Number of Weeks |
52 |
30 |
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Currency |
SEK |
SEK |
|
Consolidated Accounts |
N |
N |
|
Land & Buildings |
0 |
0 |
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Plant & Machinery |
0 |
0 |
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Other Tangible Assets |
152.000 |
112.000 |
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Total Tangible Assets |
152.000 |
112.000 |
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Goodwill |
0 |
0 |
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Other Intangible Assets |
0 |
0 |
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Total Intangible Assets |
0 |
0 |
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Loans To Group |
0 |
0 |
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Other Loans |
0 |
0 |
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Miscellaneous Fixed Assets |
0 |
0 |
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Total Other Fixed Assets |
0 |
0 |
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TOTAL FIXED ASSETS |
152.000 |
112.000 |
|
Work In Progress |
0 |
0 |
|
Other Inventories |
2.756.000 |
2.052.000 |
|
Total Inventories |
2.756.000 |
2.052.000 |
|
Trade Receivables |
1.303.000 |
1.916.000 |
|
Group Receivables |
0 |
0 |
|
Miscellaneous Receivables |
160.000 |
90.000 |
|
Total Receivables |
1.463.000 |
2.006.000 |
|
Cash |
11.000 |
368.000 |
|
Other Current Assets |
0 |
0 |
|
TOTAL CURRENT ASSETS |
4.230.000 |
4.427.000 |
|
TOTAL ASSETS |
4.382.000 |
4.538.000 |
|
Trade Payables |
895.000 |
1.104.000 |
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Bank Liabilities |
0 |
0 |
|
Group Payables |
0 |
0 |
|
Miscellaneous Liabilities |
891.000 |
1.396.000 |
|
TOTAL CURRENT LIABILITIES |
1.786.000 |
2.500.000 |
|
Bank Liabilities Due After 1 Year |
63.000 |
0 |
|
Other Loans Or Finance Due After 1
Year |
0 |
0 |
|
Group Payables After 1 Year |
0 |
0 |
|
Miscellaneous Liabilities Due After 1
Year |
1.041.000 |
964.000 |
|
TOTAL LONG TERM LIABILITIES |
1.104.000 |
964.000 |
|
TOTAL LIABILITIES |
2.890.000 |
3.464.000 |
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Called Up Share Capital |
50.000 |
50.000 |
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Share Premium |
0 |
0 |
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Revenue Reserves |
1.442.000 |
940.000 |
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Other Reserves |
0 |
0 |
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TOTAL SHAREHOLDERS EQUITY |
1.492.000 |
1.074.000 |
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||
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Other Financials |
||
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Contingent Liabilities |
0 |
0 |
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Working Capital |
2.444.000 |
1.927.000 |
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Net Worth |
1.492.000 |
1.074.000 |
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Ratios |
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Pre-Tax Profit Margin |
6.91 % |
3.29 % |
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Return On Capital Employed |
16.13 % |
3.51 % |
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Return On Total Assets Employed |
22.71 % |
5.44 % |
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Return On Net Assets Employed |
66.69 % |
23.00 % |
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Sales/Net Working Capital |
5.89 |
3.90 |
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Stock Turnover Ratio |
19.14 % |
27.30 % |
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Debtor Days |
33.02 |
93.05 |
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Creditor Days |
22.68 |
53.61 |
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Current Ratio |
2.37 |
1.77 |
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Liquidity Ratio/Acid Test |
0.83 |
0.95 |
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Current Debt Ratio |
1.20 |
2.33 |
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Gearing |
4.22 % |
|
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Equity In Percentage |
34.05 % |
23.66 % |
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Total Debt Ratio |
1.94 |
3.23 |
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Main Address |
||
|
Address |
Country |
Telephone |
|
Gravorgatan 13, 25360 RAMLOSA |
SWEDEN |
042-298055 |
Other Address
Address Country No other addresses for this company.
Email Addresses
No information for this company.
Web Pages
No information for this company.
Issued Share Capital 50.000
No group structure for this company.
|
Jan David Rosdahl |
29/11/2011 |
Actual Member of Board |
|
Jim Rosdahl |
29/11/2011 |
Actual Member of Board |
|
Joel Rosdahl |
29/11/2011 |
Actual Member of Board |
|
Nick Rosdahl |
29/11/2011 |
Actual Member of Board |
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Employee
Information |
|
|
2013 |
6 |
|
2012 |
6 |
Auditor Name Lars
Gunnar Harald Engstrom
Tax Registration
|
Registered for Tax |
Yes |
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Registered for VAT |
Yes |
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Registered for
Employee Tax |
Yes |
Type
No certificate information for this company.
Activity Code 15200
Activity
Description Manufacture
of footwear
|
Event Date |
Event Description |
|
16/01/2014 |
Limit, increase |
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16/01/2014 |
Annual account, new |
|
10/01/2014 |
Annual report (PDF), new |
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27/12/2012 |
Limit, increase |
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27/12/2012 |
Annual account, new |
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21/12/2012 |
Annual report (PDF), new |
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20/12/2011 |
Phone number, new |
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10/12/2011 |
Company tax, changed |
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10/12/2011 |
VAT, changed |
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10/12/2011 |
Employment tax, changed |
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30/11/2011 |
Status, changed |
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30/11/2011 |
Company business activity, changed |
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30/11/2011 |
Authorised signatories amended or new/amended vacancy text |
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30/11/2011 |
Board, changed |
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30/11/2011 |
Company representatives, changed |
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30/11/2011 |
Share capital, new |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.94 |
|
UK Pound |
1 |
Rs.103.31 |
|
Euro |
1 |
Rs.85.11 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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|
-- |
NB |
New Business |
-- |
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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.