|
Report Date : |
11.06.2014 |
IDENTIFICATION DETAILS
|
Name : |
CELLBES AB |
|
|
|
|
Registered Office : |
50181 Boras |
|
|
|
|
Country : |
Sweden |
|
|
|
|
Financials (as on) : |
2012 |
|
|
|
|
Date of Incorporation : |
12.06.1967 |
|
|
|
|
Com. Reg. No.: |
5561104109 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
Retail sale of clothing via mail order houses or
via Internet |
|
|
|
|
No. of Employees : |
42 |
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 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately 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 |
Cellbes AB |
|
Country |
SWEDEN |
|
Company Registration
Number |
5561104109 |
|
Main Activity |
Retail sale of clothing via mail order houses or
via Internet |
|
Activity Code |
47912 |
|
Company Status |
Active |
|
Latest Turnover Figure |
533.565.000 |
|
Latest Shareholder Equity Figure |
104.501.000 |
|
Basic Information |
|
|
Business Name |
Cellbes AB |
|
Registered Company Name |
CELLBES AB |
|
Company Registration
Number |
5561104109 |
|
Country |
SWEDEN |
|
VAT Registration Number |
SE556110410901 |
|
Date of Company
Registration |
12/06/1967 |
|
Legal Form |
Limited liability company |
|
Company Status |
Active |
|
Currency of this Report |
SEK |
|
Principal Activity
Description |
The Company will conduct a mail order business and
related operations. Inlaningsverksamhet of reception of repayable funds from
the comm unit and hubs form Edling of insurance and resebyraverksamhet. |
|
Contact Address |
, 50181 BORAS |
|
Contact Telephone Number |
033-173000 |
|
|
|
|
Activities |
|
|
Activity Code |
Activity Description |
|
47912 |
Retail sale of clothing via mail order houses or
via Internet |
Profit and Loss
|
Financial Year |
2012 |
2011 |
2010 |
|
Number of Weeks |
52 |
52 |
52 |
|
Currency |
SEK |
SEK |
SEK |
|
Consolidated Accounts |
N |
N |
N |
|
Revenue |
561.587.000 |
639.642.000 |
586.829.000 |
|
Operating Costs |
500.252.000 |
609.058.000 |
540.489.000 |
|
Operating Profit |
61.335.000 |
30.584.000 |
46.340.000 |
|
Wages & Salaries |
-23.871.000 |
-15.718.000 |
-1.174.000 |
|
Depreciation |
-1.383.000 |
-1.255.000 |
|
|
Financial Income |
680.000 |
656.000 |
161.000 |
|
Financial Expenses |
-4.401.000 |
-4.480.000 |
-2.241.000 |
|
Extraordinary Income |
- |
- |
- |
|
Extraordinary Costs |
-4.401.000 |
-4.480.000 |
-2.241.000 |
|
Profit before Tax |
57.614.000 |
39.981.000 |
51.460.000 |
|
Tax |
-15.164.000 |
-7.997.000 |
-11.382.000 |
|
Profit after Tax |
42.450.000 |
31.984.000 |
40.078.000 |
|
Minority Interests |
- |
- |
- |
|
Other Appropriations |
65.000 |
3.578.000 |
-1.076.000 |
|
Retained Profit |
42.515.000 |
35.562.000 |
39.002.000 |
Balance
Sheet
|
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 |
4.683.000 |
5.866.000 |
6.399.000 |
|
|
Total Tangible Assets |
4.683.000 |
5.866.000 |
6.399.000 |
|
|
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 |
927.000 |
1.582.000 |
2.119.000 |
|
|
Total Other Fixed Assets |
927.000 |
1.582.000 |
2.119.000 |
|
|
TOTAL FIXED ASSETS |
5.610.000 |
7.448.000 |
8.518.000 |
|
|
Work In Progress |
0 |
0 |
0 |
|
|
Other Inventories |
102.893.000 |
98.092.000 |
93.750.000 |
|
|
Total Inventories |
102.893.000 |
98.092.000 |
93.750.000 |
|
|
Trade Receivables |
157.228.000 |
147.440.000 |
135.940.000 |
|
|
Group Receivables |
29.511.000 |
95.366.000 |
22.660.000 |
|
|
Miscellaneous Receivables |
14.146.000 |
11.762.000 |
19.558.000 |
|
|
Total Receivables |
200.885.000 |
254.568.000 |
178.158.000 |
|
|
Cash |
1.756.000 |
7.905.000 |
6.846.000 |
|
|
Other Current Assets |
0 |
0 |
0 |
|
|
TOTAL CURRENT ASSETS |
305.534.000 |
360.565.000 |
278.754.000 |
|
|
TOTAL ASSETS |
311.144.000 |
368.013.000 |
287.272.000 |
|
|
Trade Payables |
45.026.000 |
43.613.000 |
44.296.000 |
|
|
Bank Liabilities |
0 |
0 |
0 |
|
|
Group Payables |
2.936.000 |
56.185.000 |
34.616.000 |
|
|
Miscellaneous Liabilities |
18.713.000 |
24.100.000 |
12.113.000 |
|
|
TOTAL CURRENT LIABILITIES |
66.675.000 |
123.898.000 |
91.025.000 |
|
|
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 |
139.968.000 |
139.634.000 |
104.917.000 |
|
|
TOTAL LONG TERM
LIABILITIES |
|
139.968.000 |
139.634.000 |
104.917.000 |
|
TOTAL LIABILITIES |
206.643.000 |
263.532.000 |
195.942.000 |
|
|
Called Up Share Capital |
|
5.000.000 |
5.000.000 |
5.000.000 |
|
Share Premium |
0 |
0 |
0 |
|
|
Revenue Reserves |
|
140.996.000 |
120.892.000 |
117.226.000 |
|
Other Reserves |
-41.495.000 |
-21.411.000 |
-30.896.000 |
|
|
TOTAL SHAREHOLDERS EQUITY |
|
104.501.000 |
104.481.000 |
91.330.000 |
Other
Financials
|
Contingent Liabilities |
|
5.624.000 |
5.318.000 |
6.833.000 |
|
Working Capital |
238.859.000 |
236.667.000 |
187.729.000 |
|
|
Net Worth |
|
104.501.000 |
104.481.000 |
91.330.000 |
Ratios
|
Pre-Tax Profit Margin |
|
10.26 % |
6.25 % |
8.77 % |
|
Return On Capital Employed |
15.25 % |
8.13 % |
13.60 % |
|
|
Return On Total Assets
Employed |
|
18.52 % |
10.86 % |
17.91 % |
|
Return On Net Assets
Employed |
55.13 % |
38.27 % |
56.35 % |
|
|
Sales/Net Working Capital |
|
2.35 |
2.70 |
3.13 |
|
Stock Turnover Ratio |
18.32 % |
15.34 % |
15.98 % |
|
|
Debtor Days |
|
102.19 |
84.13 |
84.55 |
|
Creditor Days |
29.26 |
24.89 |
27.55 |
|
|
Current Ratio |
|
4.58 |
2.91 |
3.06 |
|
Liquidity Ratio/Acid Test |
3.04 |
2.12 |
2.03 |
|
|
Current Debt Ratio |
|
0.64 |
1.19 |
1.00 |
|
Gearing |
132.40
% |
132.05
% |
109.13
% |
|
|
Equity In Percentage |
|
33.69 % |
28.51 % |
32.03 % |
|
Total Debt Ratio |
1.98 |
2.52 |
2.15 |
|
Main Address
Address Country
Telephone
, 50181 BORÅS SWEDEN 033-173000
Other Address
Address Country
No other addresses for this company.
Email Addresses
No information for this company.
Web Pages
Issued Share Capital
5.000.000
Current
Directors
|
Name |
Appointment Date |
Position |
|
||
|
Freddy Mikael Sobin |
19/03/2012 |
Actual Member of Board |
|
|
|
|
Yvonne Mona Cecilia Eriksson |
04/07/2011 |
Actual Member of Board |
|
|
|
|
Jan Tony Olofsson |
07/12/2004 |
Actual Member of Board |
|
|
|
|
|
|||||
|
Previous Directors |
|||||
|
Name |
Appointment Date |
Position |
Resignation Date |
||
|
Fink, Matthias Michael |
04/07/2011 |
Actual Member of Board |
|
|
|
|
Gunnar Axel Ryman |
07/12/2004 |
Actual Member of Board |
|
|
|
|
Gun Birgitta Ulrika Strombom |
14/06/2010 |
Substitute |
|
|
|
|
Ulf Robert Tornblom |
09/12/2005 |
Actual Member of Board |
|
|
|
Extended
Group Structure
|
Company Name |
Country |
Number |
Latest Annual Accounts |
|
|
Jla Consortio
Invest AB |
SE |
5567052997 |
31/12/2012 |
|
|
JU
TF Bank AB |
|
SE |
5561581041 |
31/12/2010 |
|
l
1 j Consortio Fashion Group Aktiebolaq |
SE |
5565402152 |
31/12/2012 |
|
|
lz.j
Cellbes AB |
|
SE |
5561104109 |
31/12/2012 |
|
r i UU Consortio
Fashion Group As |
NO |
974411768 |
31/12/2013 |
|
|
HalensAB |
|
SE |
5560761198 |
31/12/2012 |
|
Halens KontoAB |
SE |
5563493559 |
31/12/2012 |
|
|
l^j Consortio
Development AB |
|
SE |
5563493567 |
31/12/2012 |
|
l^j
New Bubbleroom Sweden AB |
SE |
5566999214 |
31/12/2012 |
|
|
lL
Halens PolskaSpZ.O.O. |
|
PL |
|
|
|
J-i Halens
S.R.O. |
CZ |
|
|
|
|
J-i Halens
Spol S.R.O. |
|
SK |
|
|
|
House Of Brands Oii |
EE |
|
|
|
|
Employee Information |
||
|
Year |
Number of Employees |
|
|
2012 |
42 |
|
|
2011 |
|
27 |
|
2010 |
0 |
|
|
2009 |
|
0 |
|
2008 |
0 |
|
|
|
||
|
Advisors |
||
|
Auditor Name |
PricewaterhouseCoopers AB |
|
|
|
||
|
Additional Information |
||
|
|
||
|
Tax Registrations |
||
|
Registered for FTax |
|
Yes |
|
Registered for VAT |
Yes |
|
|
Registered for Employee
Tax |
|
Yes |
|
|
||
|
Certificates |
||
|
Type |
Category |
Issuer |
|
No certificate information for this company. |
||
|
|
||
|
Industry Comparison |
||
|
Activity Code |
|
47912 |
|
Activity Description |
Retail sale of clothing via mail order houses or
via Internet |
|
|
|
||
|
Event History |
||
|
Event Date |
Event Description |
|
|
14/08/2013 |
Group Structure Change |
|
|
01/07/2013 |
|
Group Structure Change |
|
25/06/2013 |
Group annual accout, new |
|
|
25/06/2013 |
|
Annual account, new |
|
17/06/2013 |
Annual report (PDF), new |
|
|
07/06/2013 |
|
Group Structure Change |
|
06/06/2013 |
Group Structure Change |
|
|
23/07/2012 |
|
Group annual accout, new |
|
23/07/2012 |
Annual account, new |
|
|
10/07/2012 |
|
Annual report (PDF), new |
|
20/03/2012 |
Company representatives, changed |
|
|
20/03/2012 |
|
Authorised signatories amended or new/amended
vacancy text |
|
20/03/2012 |
Board, changed |
|
|
05/07/2011 |
|
Company representatives, changed |
|
05/07/2011 |
Authorised signatories amended or new/amended
vacancy text |
|
|
05/07/2011 |
|
Board, changed |
|
29/06/2011 |
Annual account, new |
|
|
22/06/2011 |
|
Annual report (PDF), new |
|
17/05/2011 |
Phone number, changed |
|
|
04/05/2011 |
|
Employment tax, changed |
|
29/03/2011 |
Fax number, removed |
|
|
15/06/2010 |
|
Authorised signatory, changed |
|
15/06/2010 |
Company representatives, changed |
|
|
15/06/2010 |
|
Board, changed |
|
30/04/2010 |
Annual account, new |
|
|
22/04/2010 |
|
Annual report (PDF), new |
Debt balance at the Swedish Enforcement Agency
Number of Private Claims -
Balance of Private Claims -
Number of Public Claims -
Balance of Public Claims -
Total Balance
-
Record of non-payment
Number of distraint attempts and repossessions -
Number of public claims -
Number of private claims -
Number of applications for an order to pay -
Number of reclaimed/revoked applications –
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.59.26 |
|
|
1 |
Rs.99.63 |
|
Euro |
1 |
Rs.80.59 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
|
|
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.