|
Report Date : |
25.07.2014 |
IDENTIFICATION DETAILS
|
Name : |
|
|
|
|
|
Registered Office : |
Segloravägen 19, 50464 Borås |
|
|
|
|
Country : |
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|
|
|
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Financials (as on) : |
2013 |
|
|
|
|
Date of Incorporation : |
28.12.2006 |
|
|
|
|
Com. Reg. No.: |
5567187363 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
·
Engaged as a wholesaler
to Online Trader, Home Improvement and Toy Stores in Europe. Engaged as wholesaler of Home Furnishings and
Giftware as well as Related Business Operations. Engaged in wholesaling
of Interior Decorating Products and details
for Children's Rooms Subject product lines
are as follows: Furniture ·
Table Coffins Chairs Clothes rails Rocking chairs Pallets Lights ·
Ceiling Table lamps Wall lights ·
Game Play tent Play tunnel Bikes Rocking Horses The gauges Boards Frames Canopies Wall decor Pennant Strands Bookshelf Rochester Mirrors ·
Dining rooms sets Bowls Lunchboxes & Wool Carpets |
|
|
|
|
No of Employees : |
08 (2013) |
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 |
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|
|
|
Payment Behaviour : |
Slow but Correct |
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|
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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 – 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 |
Sweden Concepts AB |
|
Trade Name |
Kids Concept |
|
Country |
SWEDEN |
|
Company Registration Number |
5567187363 |
|
Main Activity |
·
Engaged as a wholesaler
to Online Trader, Home Improvement and Toy Stores in Europe. Engaged as wholesaler of Home Furnishings and
Giftware as well as Related Business Operations. Engaged in wholesaling
of Interior Decorating Products and details
for Children's Rooms |
|
Company Status |
Active |
|
Latest Turnover Figure |
20.234.000 |
|
Latest Shareholder Equity Figure |
2.032.000 |
|
Basic
Information |
|
|
Business Name |
Sweden Concepts AB |
|
Registered Company Name |
Sweden Concepts AB |
|
Company Registration Number |
5567187363 |
|
Country |
SWEDEN |
|
VAT Registration Number |
SE556718736301 |
|
Date of Company Registration |
28/12/2006 |
|
Legal Form |
Limited Liability Company |
|
Company Status |
Active |
|
Currency of this Report |
SEK |
|
Principal Activity Description |
·
Engaged as a wholesaler
to Online Trader, Home Improvement and Toy Stores in Europe. Engaged as wholesaler of Home Furnishings and
Giftware as well as Related Business Operations. Engaged in wholesaling
of Interior Decorating Products and details
for Children's Rooms |
|
Contact Address |
Segloravägen 19, 50464 BORÅS |
|
Contact
Telephone Number |
076-8983058 |
|
Other Address |
|
|
Address |
Country |
|
No other addresses for this company. |
|
|
Email Addresses |
|
Web Pages |
|
Current
Directors |
|||
|
Name |
Appointment Date |
Position |
|
|
Börje Ingvar Toftgård |
07/05/2014 |
Actual Member of Board |
|
|
Anna Marianne Ivansdotter
Enander |
20/02/2007 |
Actual Member of Board |
|
|
Erika Amelie Wiklund |
20/02/2007 |
Actual Member of Board |
|
|
Johanna Charlotta Backman |
20/02/2007 |
Actual Member of Board |
|
|
Previous
Directors |
|||
|
Name |
Appointment Date |
Position |
Resignation Date |
|
Erika Amelie Wiklund |
20/02/2007 |
Chairman of Board |
|
|
Issued Share Capital |
100.000 |
|
No group structure for this company. |
|
Profit and Loss |
|||
|
Financial Year |
2013 |
2012 |
2011 |
|
Number of Weeks |
52 |
52 |
52 |
|
Currency |
SEK |
SEK |
SEK |
|
Consolidated Accounts |
N |
N |
N |
|
Revenue |
20.297.000 |
17.583.000 |
14.133.000 |
|
Operating Costs |
19.592.000 |
16.301.000 |
13.199.000 |
|
Operating Profit |
705.000 |
1.282.000 |
934.000 |
|
Wages & Salaries |
-4.724.000 |
-3.749.000 |
-3.281.000 |
|
Depreciation |
-64.000 |
-34.000 |
-27.000 |
|
Financial Income |
16.000 |
15.000 |
14.000 |
|
Financial Expenses |
-219.000 |
-281.000 |
-204.000 |
|
Extraordinary Income |
- |
- |
- |
|
Extraordinary Costs |
-219.000 |
-281.000 |
-204.000 |
|
Profit before Tax |
502.000 |
1.016.000 |
744.000 |
|
Tax |
-86.000 |
-217.000 |
-208.000 |
|
Profit after Tax |
416.000 |
799.000 |
536.000 |
|
Minority Interests |
- |
- |
- |
|
Other Appropriations |
-186.000 |
-270.000 |
- |
|
Retained Profit |
231.000 |
529.000 |
536.000 |
|
Balance Sheet |
|||
|
Financial Year |
2013 |
2012 |
2011 |
|
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 |
368.000 |
44.000 |
77.000 |
|
Total Tangible Assets |
368.000 |
44.000 |
77.000 |
|
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 |
0 |
0 |
0 |
|
Total Other Fixed Assets |
0 |
0 |
0 |
|
TOTAL FIXED ASSETS |
368.000 |
44.000 |
77.000 |
|
Work In Progress |
0 |
0 |
0 |
|
Other Inventories |
5.653.000 |
5.077.000 |
4.528.000 |
|
Total Inventories |
5.653.000 |
5.077.000 |
4.528.000 |
|
Trade Receivables |
3.947.000 |
2.583.000 |
1.279.000 |
|
Group Receivables |
0 |
0 |
0 |
|
Miscellaneous Receivables |
736.000 |
1.284.000 |
1.087.000 |
|
Total Receivables |
4.683.000 |
3.867.000 |
2.366.000 |
|
Cash |
41.000 |
17.000 |
20.000 |
|
Other Current Assets |
0 |
0 |
0 |
|
TOTAL CURRENT ASSETS |
10.377.000 |
8.961.000 |
6.914.000 |
|
TOTAL ASSETS |
10.745.000 |
9.005.000 |
6.991.000 |
|
Trade Payables |
1.248.000 |
1.104.000 |
524.000 |
|
Bank Liabilities |
3.908.000 |
3.646.000 |
2.304.000 |
|
Group Payables |
0 |
0 |
0 |
|
Miscellaneous Liabilities |
941.000 |
754.000 |
780.000 |
|
TOTAL CURRENT LIABILITIES |
6.097.000 |
5.504.000 |
3.608.000 |
|
Bank Liabilities Due After 1 Year |
750.000 |
520.000 |
1.500.000 |
|
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 |
1.866.000 |
1.180.000 |
610.000 |
|
TOTAL LONG TERM LIABILITIES |
2.616.000 |
1.700.000 |
2.110.000 |
|
TOTAL LIABILITIES |
8.713.000 |
7.204.000 |
5.719.000 |
|
Called Up Share Capital |
100.000 |
100.000 |
100.000 |
|
Share Premium |
0 |
0 |
0 |
|
Revenue Reserves |
1.932.000 |
1.701.000 |
1.172.000 |
|
Other Reserves |
0 |
0 |
0 |
|
TOTAL SHAREHOLDERS EQUITY |
2.032.000 |
1.801.000 |
1.272.000 |
|
Other Financials |
|||
|
Contingent Liabilities |
0 |
0 |
0 |
|
Working Capital |
4.280.000 |
3.457.000 |
3.306.000 |
|
Net Worth |
2.032.000 |
1.801.000 |
1.272.000 |
|
Ratios |
|||
|
Pre-Tax Profit Margin |
2.47 % |
5.78 % |
5.26 % |
|
Return On Capital Employed |
2.98 % |
7.00 % |
7.02 % |
|
Return On Total Assets Employed |
4.67 % |
11.28 % |
10.64 % |
|
Return On Net Assets Employed |
24.70 % |
56.41 % |
58.49 % |
|
Sales/Net Working Capital |
4.74 |
5.09 |
4.27 |
|
Stock Turnover Ratio |
27.85 % |
28.87 % |
32.04 % |
|
Debtor Days |
70.98 |
53.62 |
33.03 |
|
Creditor Days |
22.44 |
22.92 |
13.53 |
|
Current Ratio |
1.70 |
1.63 |
1.92 |
|
Liquidity Ratio/Acid Test |
0.77 |
0.71 |
0.66 |
|
Current Debt Ratio |
3.00 |
3.06 |
2.84 |
|
Gearing |
283.37 % |
264.63 % |
322.64 % |
|
Equity In Percentage |
18.91 % |
20.00 % |
18.19 % |
|
Total Debt Ratio |
4.29 |
4.00 |
4.50 |
|
Activities |
|
|
Activity Description |
|
|
·
Engaged as a wholesaler
to Online Trader, Home Improvement and Toy Stores in Europe. Engaged as wholesaler of Home Furnishings and
Giftware as well as Related Business Operations. Engaged in wholesaling
of Interior Decorating Products and details
for Children's Rooms |
|
Products details are as follows:
Furniture
·
Table
Coffins
Chairs
Clothes rails
Rocking chairs
Pallets
Lights
·
Ceiling
Table lamps
Wall lights
·
Game
Play tent
Play tunnel
Bikes
Rocking Horses
The gauges
Boards
Frames
Canopies
Wall decor
Pennant Strands
Bookshelf Rochester
Mirrors
·
Dining rooms sets
Bowls
Lunchboxes &
Wool Carpets
|
Main Address |
||
|
Address |
Country |
Telephone |
|
Segloravägen 19, 50464 BORÅS |
SWEDEN |
076-8983058 |
|
Employee
Information |
|
|
Year |
Number of Employees |
|
2013 |
8 |
|
2012 |
7 |
|
2011 |
7 |
|
2010 |
6 |
|
2009 |
5 |
|
Advisors |
|
|
Auditor Name |
Ernst & Young Aktiebolag |
|
Tax Registrations |
|
|
Registered for Tax |
Yes |
|
Registered for VAT |
Yes |
|
Registered for Employee Tax |
Yes |
|
Certificates |
|
|
Type |
|
|
No certificate information for this company. |
|
|
Industry Comparison |
|
|
Activity Description |
·
Engaged as a wholesaler
to Online Trader, Home Improvement and Toy Stores in Europe. Engaged as wholesaler of Home Furnishings and
Giftware as well as Related Business Operations. Engaged in wholesaling
of Interior Decorating Products and details
for Children's Rooms |
|
Event History |
|
|
Event Date |
Event Description |
|
08/05/2014 |
Company representatives, changed |
|
08/05/2014 |
Authorised signatories amended or new/amended vacancy text |
|
23/04/2014 |
Annual account, new |
|
23/04/2014 |
Limit, increase |
|
16/04/2014 |
Annual report (PDF), new |
|
06/06/2013 |
Address, changed |
|
24/04/2013 |
Annual report (PDF), new |
|
23/04/2013 |
Limit, increase |
|
23/04/2013 |
Annual report (PDF), new |
|
23/04/2013 |
Annual account, new |
|
16/04/2013 |
Annual report (PDF), new |
|
18/12/2012 |
Company representatives, changed |
|
02/06/2012 |
Limit, decrease |
|
28/05/2012 |
Annual account, new |
|
28/05/2012 |
Limit, increase |
|
09/05/2012 |
Annual report (PDF), new |
|
13/03/2012 |
Authorised signatories amended or new/amended vacancy text |
|
13/03/2012 |
Board, changed |
|
13/03/2012 |
Company representatives, changed |
|
06/05/2011 |
Limit, increase |
|
06/05/2011 |
Annual account, new |
|
02/05/2011 |
Annual report (PDF), new |
|
29/03/2011 |
Fax number, removed |
|
29/03/2011 |
Phone number, new |
|
07/12/2010 |
Limit, increase |
|
18/05/2010 |
Authorised signatory, changed |
|
18/05/2010 |
Board, changed |
|
18/05/2010 |
Company representatives, changed |
|
07/04/2010 |
Limit, increase |
|
07/04/2010 |
Annual account, new |
|
30/03/2010 |
Annual report (PDF), new |
|
06/01/2010 |
Address, changed |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.00 |
|
UK Pound |
1 |
Rs.102.19 |
|
Euro |
1 |
Rs.80.68 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
MNL |
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.