|
Report Date : |
05.06.2014 |
IDENTIFICATION DETAILS
|
Name : |
ELLOS
GROUP AB |
|
|
|
|
Registered Office : |
Box 932, 50186 BORAS |
|
|
|
|
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.59.34 |
|
|
1 |
Rs.99.18 |
|
Euro |
1 |
Rs.80.76 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
NIS |
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.