|
Report Date : |
07.07.2014 |
IDENTIFICATION DETAILS
|
Name : |
ELLOS
GROUP AB |
|
|
|
|
Registered Office : |
|
|
|
|
|
Country : |
Sweden |
|
|
|
|
Financials (as on) : |
2012 |
|
|
|
|
Date of Incorporation : |
23.04.1982 |
|
|
|
|
Com. Reg. No.: |
5562171925 |
|
|
|
|
Legal Form : |
Limited liability company |
|
|
|
|
Line of Business : |
Non-specialized retail sale. |
|
|
|
|
No. of Employees |
Not Available |
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 |
|
Moderate Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderate 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 |
Ellos
Group AB |
|
Country |
SWEDEN |
|
Company
Registration Number |
5562171925 |
|
Main Activity |
Activities
of head offices |
|
Activity Code |
70100 |
|
Company Status |
Active |
|
Latest Turnover
Figure - |
|
|
Latest
Shareholder Equity Figure |
1.894.849.000 |
|
Basic Information |
|
|
Business Name |
Ellos
Group AB |
|
Registered
Company Name |
Ellos
Group AB |
|
Company
Registration Number |
5562171925 |
|
Country |
SWEDEN |
|
VAT Registration
Number |
SE556217192501 |
|
Date of Company
Registration |
23/04/1982 |
|
Legal Form |
Limited
liability company |
|
Company Status |
Active |
|
Currency of this
Report |
SEK |
|
Principal
Activity Description |
The company will manage real property and
provided halla koncemgemensamma tjanster and conduct other related business |
|
Contact Address |
Box
932, 50186 BORAS |
|
Contact Telephone
Number |
033-160000 |
|
Activity
Code |
Activity
Description |
|
70100 |
Non-specialized retail sale. |
|
Profit and Loss |
|||
|
Financial Year |
2012 |
2011 |
2010 |
|
Number of Weeks |
52 |
52 |
52 |
|
Currency |
SEK |
SEK |
SEK |
|
Consolidated
Accounts |
N |
N |
N |
|
Revenue
- - - |
|||
|
Operating Costs |
53.658.000 |
54.101.000 |
54.445.000 |
|
Operating Profit |
-53.658.000 |
-54.101.000 |
-54.445.000 |
|
Wages &
Salaries |
|
|
|
|
Depreciation |
-47.513.000 |
-47.513.000 |
-47.513.000 |
|
Financial Income |
12.944.000 |
13.053.000 |
5.928.000 |
|
Financial
Expenses |
-24.386.000 |
-26.534.000 |
-16.712.000 |
|
Extraordinary
Income |
|
|
|
|
Extraordinary
Costs |
-24.386.000 |
-26.534.000 |
-16.712.000 |
|
Profit before Tax |
157.681.000 |
28.122.000 |
54.771.000 |
|
Tax |
6.051.000 |
5.335.000 |
4.661.000 |
|
Profit after Tax |
163.732.000 |
33.457.000 |
59.432.000 |
|
Minority
Interests
- - - |
|||
|
Other
Appropriations |
-5.600.000 |
|
|
|
Retained Profit |
158.132.000 |
33.457.000 |
59.432.000 |
|
Financial Year |
2012 |
2011 |
2010 |
|
Number of Weeks |
52 |
52 |
52 |
|
Currency |
SEK |
SEK |
SEK |
|
Consolidated
Accounts |
N |
N |
N |
|
Land &
Buildings |
0 |
0 |
0 |
|
Plant &
Machinery |
0 |
0 |
0 |
|
Other Tangible
Assets |
0 |
0 |
0 |
|
Total Tangible
Assets |
0 |
0 |
0 |
|
Goodwill |
213.813.000 |
261.326.000 |
308.839.000 |
|
Other Intangible
Assets |
0 |
0 |
0 |
|
Total Intangible
Assets |
213.813.000 |
261.326.000 |
308.839.000 |
|
Loans To Group |
0 |
0 |
0 |
|
Other Loans |
0 |
0 |
0 |
|
Miscellaneous
Fixed Assets |
1.743.172.000 |
1.743.172.000 |
1.743.172.000 |
|
Total Other Fixed
Assets |
1.743.172.000 |
1.743.172.000 |
1.743.172.000 |
|
TOTAL FIXED
ASSETS |
1.956.985.000 |
2.004.498.000 |
2.052.011.000 |
|
Work In Progress |
0 |
0 |
0 |
|
Other Inventories |
0 |
0 |
0 |
|
Total Inventories |
0 |
0 |
0 |
|
Trade Receivables |
0 |
0 |
0 |
|
Group Receivables |
60.435.000 |
577.461.000 |
713.749.000 |
|
Miscellaneous
Receivables |
5.705.000 |
35.082.000 |
19.220.000 |
|
Total Receivables |
66.140.000 |
612.543.000 |
732.969.000 |
|
Cash |
0 |
25.000 |
92.000 |
|
Other Current
Assets |
0 |
0 |
0 |
|
TOTAL CURRENT
ASSETS |
66.140.000 |
612.568.000 |
733.061.000 |
|
TOTAL ASSETS |
2.023.125.000 |
2.617.066.000 |
2.785.072.000 |
|
Trade Payables |
133.000 |
0 |
0 |
|
Bank Liabilities |
0 |
0 |
0 |
|
Group Payables |
120.091.000 |
6.978.000 |
5.418.000 |
|
Miscellaneous
Liabilities |
2.452.000 |
42.851.000 |
54.314.000 |
|
TOTAL CURRENT
LIABILITIES |
122.676.000 |
49.829.000 |
59.732.000 |
|
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 |
5.600.000 |
800.000.000 |
1.000.000.000 |
|
TOTAL LONG TERM
LIABILITIES |
5.600.000 |
800.000.000 |
1.000.000.000 |
|
TOTAL LIABILITIES |
128.276.000 |
849.829.000 |
1.059.732.000 |
|
Called Up Share
Capital |
100.000 |
100.000 |
100.000 |
|
Share Premium |
0 |
0 |
0 |
|
Revenue Reserves |
1.865.249.000 |
1.678.677.000 |
1.614.670.000 |
|
Other Reserves |
29.500.000 |
88.460.000 |
110.570.000 |
|
TOTAL
SHAREHOLDERS EQUITY |
1.894.849.000 |
1.767.237.000 |
1.725.340.000 |
|
|
|||
|
Other Financials |
|||
|
Contingent
Liabilities |
178.528.000 |
179.138.000 |
168.427.000 |
|
Working Capital |
-56.536.000 |
562.739.000 |
673.329.000 |
|
Net Worth |
1.681.036.000 |
1.505.911.000 |
1.416.501.000 |
|
|
|||
|
Pre-Tax Profit
Margin |
|||
|
Return On Capital
Employed |
7.35 % |
1.05 % |
1.93 % |
|
Return On Total
Assets Employed |
7.79 % |
1.07 % |
1.97 % |
|
Return On Net
Assets Employed |
8.32 % |
1.59 % |
3.17 % |
|
Sales/Net Working
Capital |
0.00 |
0.00 |
0.00 |
|
Stock Turnover
Ratio |
|
|
|
|
Debtor Days |
|
|
|
|
Creditor Days |
|
|
|
|
Current Ratio |
0.54 |
12.29 |
12.27 |
|
Liquidity
Ratio/Acid Test |
0.54 |
12.29 |
12.27 |
|
Current Debt
Ratio |
0.06 |
0.03 |
0.03 |
|
Gearing |
|
45.27 % |
57.96 % |
|
Equity In
Percentage |
2864.91 % |
288.50 % |
235.36 % |
|
Total Debt Ratio |
0.07 |
0.48 |
0.61 |
|
Main Address |
||
|
Address |
Country |
Telephone |
|
Box
932, 50186 BORAS |
SWEDEN |
033-160000 |
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 100.000
|
Name |
Appointment
Date |
Position |
|
||
|
Leif
Karl-Axel Johansson |
12/06/2013 |
Chairman
of Board |
|
|
|
|
Hans
Bertil Ohlsson |
05/02/2013 |
Actual
Member of Board |
|
|
|
|
Bernt
Johnny Eriksson |
27/04/2009 |
Actual
Member of Board |
|
|
|
|
Ulf
Johan Stigson |
12/06/2013 |
Actual
Member of Board |
|
|
|
|
|
|||||
|
Name |
Appointment
Date |
Position |
Resignation
Date |
||
|
Mona Lisbeth
Margareta Stigsdotter Jakobsson |
08/12/2000 |
Actual
Member of Board |
|
|
|
|
Hans
Peter Lindau |
24/01/2002 |
Actual
Member of Board |
|
|
|
|
Gun-Britt
Marita Holmgren Ivstedt |
27/04/2009 |
Substitute |
|
|
|
|
Cathrine
Elisabeth Jansson |
01/06/2011 |
Substitute |
|
|
|
|
Courteille,
Eric Yvon |
10/08/2009 |
Actual
Member of Board |
|
|
|
|
Deve,
Francoise Suzanne Marcelle |
27/04/2009 |
Chairman
of Board |
|
|
|
|
Philippe
Gerard Fournie |
08/02/2010 |
Foreign
Resident in the EEA |
|
|
|
|
Dubois,
Eric Claude Daniel |
10/08/2009 |
Actual
Member of Board |
|
|
|
|
Hans
Alexander Lundqvist |
02/04/2007 |
Substitute |
|
|
|
|
|
|||||
|
Company
Name |
Country |
Number |
Latest
Annual Accounts |
|
|
JLi
Redcats Suisse Sa |
FR |
|
|
|
|
Ellos
Group AB |
|
SE |
5562171925 |
31/12/2012 |
|
Ellos
A/S |
DK |
|
|
|
|
Ellos
AB |
|
SE |
5560440264 |
31/12/2012 |
|
ULJ
Jotex Sweden AB |
SE |
5562497106 |
31/12/2012 |
|
|
Ellos
Norway Holding As |
|
NO |
879478642 |
31/12/2012 |
|
.
La Redoute Sverige AB |
SE |
5565520813 |
31/12/2012 |
|
|
La
Redoute Norway As |
|
NO |
987180595 |
31/12/2012 |
|
ULJ
Ellos Finans AB |
SE |
5563115301 |
31/12/2012 |
|
|
Ellos
TiliOy |
|
FI |
14421666 |
|
|
Ellos
Finland Oy |
FI |
725019 |
31/12/2011 |
|
|
Employee
Information |
||
|
Year |
Number
of Employees |
|
|
2012 |
0 |
|
|
2011 |
|
0 |
|
2010 |
0 |
|
|
2009
1 |
||
|
2008 |
1 |
|
|
Auditor Name |
Deloitte
AB |
|
|
|
|
Tax Registrations |
||
|
Registered for
FTax |
|
Yes |
|
Registered for
VAT |
Yes |
|
|
Registered for
Employee Tax |
|
No |
|
|
||
|
Certificates |
||
|
Type |
Category |
Issuer |
|
No
certificate information for this company. |
||
|
|
||
|
Activity Code |
|
70100 |
|
Activity
Description |
Non-specialized retail sale. |
|
|
Industry Average
Credit Limit |
11.082.000 |
|
|
Event
Date |
Event
Description |
|
|
08/11/2013 |
Group
Structure Change |
|
|
05/10/2013 |
|
Company
representatives, changed |
|
05/10/2013 |
Authorised
signatories amended or new/amended vacancy text |
|
|
01/10/2013 |
|
Group
Structure Change |
|
09/09/2013 |
Group
Structure Change |
|
|
02/09/2013 |
|
Annual
account, new |
|
02/09/2013 |
Group
annual accout, new |
|
|
31/07/2013 |
|
Annual
report (PDF), new |
|
13/06/2013 |
Authorised
signatories amended or new/amended vacancy text |
|
|
13/06/2013 |
|
Company
name, changed (old name: REDCATS Nordic Aktiebolag) |
|
13/06/2013 |
Company
representatives, changed |
|
|
06/02/2013 |
|
Company
representatives, changed |
|
06/02/2013 |
Authorised
signatories amended or new/amended vacancy text |
|
|
31/05/2012 |
|
Group
annual accout, new |
|
31/05/2012 |
Annual
account, new |
|
|
23/05/2012 |
|
Annual
report (PDF), new |
|
31/08/2011 |
Annual
account, new |
|
|
31/08/2011 |
|
Group
annual accout, new |
|
02/08/2011 |
Annual
report (PDF), new |
|
|
02/06/2011 |
|
Board,
changed |
|
02/06/2011 |
Authorised
signatories amended or new/amended vacancy text |
|
|
02/06/2011 |
|
Company
representatives, changed |
|
01/09/2010 |
Annual
account, new |
|
|
13/08/2010 |
|
Annual
report (PDF), new |
|
04/08/2010 |
Board,
changed |
|
|
09/02/2010 |
|
Company
representatives, changed |
|
09/02/2010 |
Authorised
signatory, changed |
|
|
09/02/2010 |
|
Board,
changed |
|
27/01/2010 |
Board,
changed |
|
|
15/09/2009 |
Annual
account, new |
|
27/08/2009 |
Employment
tax, changed |
|
18/08/2009 |
Annual
report (PDF), new |
|
11/08/2009 |
Board,
changed |
|
11/08/2009 |
Company
representatives, changed |
|
11/08/2009 |
Authorised
signatory, changed |
|
|
|
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.59.79 |
|
|
1 |
Rs.102.66 |
|
Euro |
1 |
Rs.81.32 |
INFORMATION DETAILS
|
Report Prepared
by : |
NNA |
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.