|
Report Date : |
12.05.2014 |
IDENTIFICATION DETAILS
|
Name : |
IDUNA AB |
|
|
|
|
Registered Office : |
43284 Varberg |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
2012 |
|
|
|
|
Date of Incorporation : |
18.02.1955 |
|
|
|
|
Com. Reg. No.: |
5560609058 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
Retail sale of jewellery
in specialised stores |
|
|
|
|
No. of Employees : |
636 |
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 |
Iduna AB |
|
Country |
SWEDEN |
|
Company
Registration Number |
5560609058 |
|
Main
Activity |
Retail
sale of jewellery in specialised stores |
|
Activity
Code |
47772 |
|
Company
Status |
Active |
|
Latest
Turnover Figure |
1.056.653.000 |
|
Latest
Shareholder Equity Figure |
66.403.000 |
|
Basic
Information |
|
|
Business
Name |
Iduna AB |
|
Registered
Company Name |
Iduna AB |
|
Company
Registration Number |
5560609058 |
|
Country |
SWEDEN |
|
VAT
Registration Number |
SE556060905801 |
|
Date of
Company Registration |
18/02/1955 |
|
Legal
Form |
Limited
liability company |
|
Company
Status |
Active |
|
Currency
of this Report |
SEK |
|
Principal
Activity Description |
The Company
shall operate handelsrorelse wholesale and retail as well as postorderrorelse
industry for gold, silver, noble stones and watches, giftware and jewelery,
as well as owning and managing hyresratter, property of every kind and kopa, |
|
Visiting
Address |
Hardgatan 35 43231 Varberg Sweden |
|
Contact
Address |
, 43284
VARBERG |
|
Contact
Telephone Number |
0340-595400 |
|
|
|
|
Activities |
|
|
|
Activity
Description |
|
47772 |
Retail
sale of jewellery in specialised stores |
Financial Information
|
||||
|
|
||||
|
Profit
and Loss |
||||
|
Financial
Year |
2012 |
2011 |
2010 |
|
|
Number
of Weeks |
52 |
52 |
52 |
|
|
Currency |
SEK |
SEK |
SEK |
|
|
Consolidated
Accounts |
N |
N |
N |
|
|
Revenue |
1.056.653.000 |
1.089.373.000 |
1.084.882.000 |
|
|
Operating
Costs |
982.279.000 |
1.005.011.000 |
997.910.000 |
|
|
Operating
Profit |
74.374.000 |
84.362.000 |
86.972.000 |
|
|
Wages
& Salaries |
|
|
|
|
|
Depreciation
- - - |
||||
|
Financial
Income |
73.000 |
|
42.000 |
|
|
Financial
Expenses |
-7.391.000 |
-8.982.000 |
-7.120.000 |
|
|
Extraordinary
Income |
|
|
|
|
|
Extraordinary
Costs |
-7.391.000 |
-8.982.000 |
-7.120.000 |
|
|
Profit
before Tax |
67.056.000 |
75.380.000 |
79.894.000 |
|
|
Tax |
-25.639.000 |
-26.857.000 |
-26.240.000 |
|
|
Profit
after Tax |
41.417.000 |
48.523.000 |
53.654.000 |
|
|
Minority
Interests - - - |
||||
|
Other
Appropriations |
25.694.000 |
18.980.000 |
10.932.000 |
|
|
Retained
Profit |
67.111.000 |
67.503.000 |
64.586.000 |
|
|
|
||||
|
Balance
Sheet |
||||
|
Financial
Year |
2012 |
2011 |
2010 |
|
|
Number
of Weeks |
52 |
52 |
52 |
|
|
Currency |
SEK |
SEK |
SEK |
|
|
Consolidated
Accounts |
N |
N |
N |
|
|
Land
& Buildings |
26.311.000 |
27.757.000 |
29.205.000 |
|
|
Plant
& Machinery |
0 |
0 |
0 |
|
|
Other
Tangible Assets |
52.187.000 |
62.025.000 |
71.258.000 |
|
|
Total
Tangible Assets |
78.498.000 |
89.782.000 |
100.463.000 |
|
|
Goodwill |
32.850.000 |
38.930.000 |
45.010.000 |
|
|
Other
Intangible Assets |
38.780.000 |
42.575.000 |
45.622.000 |
|
|
Total
Intangible Assets |
71.630.000 |
81.505.000 |
90.632.000 |
|
|
Loans To
Group |
0 |
0 |
0 |
|
|
Other
Loans |
0 |
0 |
0 |
|
|
Miscellaneous
Fixed Assets |
19.000.000 |
19.000.000 |
19.000.000 |
|
|
Total
Other Fixed Assets |
19.000.000 |
19.000.000 |
19.000.000 |
|
|
TOTAL
FIXED ASSETS |
169.128.000 |
190.287.000 |
210.095.000 |
|
|
Work In
Progress |
0 |
0 |
0 |
|
|
Other
Inventories |
389.895.000 |
437.544.000 |
375.013.000 |
|
|
Total
Inventories |
389.895.000 |
437.544.000 |
375.013.000 |
|
|
Trade
Receivables |
13.285.000 |
16.275.000 |
12.744.000 |
|
|
Group
Receivables |
0 |
0 |
0 |
|
|
Miscellaneous
Receivables |
42.016.000 |
33.802.000 |
33.416.000 |
|
|
Total
Receivables |
55.301.000 |
50.077.000 |
46.160.000 |
|
|
Cash |
51.645.000 |
0 |
30.187.000 |
|
|
Other
Current Assets |
0 |
39.888.000 |
13.100.000 |
|
|
TOTAL
CURRENT ASSETS |
496.841.000 |
527.509.000 |
464.460.000 |
|
|
TOTAL
ASSETS |
665.969.000 |
717.796.000 |
674.555.000 |
|
|
Trade
Payables |
99.104.000 |
128.862.000 |
151.269.000 |
|
|
Bank
Liabilities |
1.500.000 |
1.500.000 |
1.500.000 |
|
|
Group
Payables |
272.002.000 |
251.716.000 |
4.397.000 |
|
|
Miscellaneous
Liabilities |
142.492.000 |
144.965.000 |
153.630.000 |
|
|
TOTAL
CURRENT LIABILITIES |
515.098.000 |
527.043.000 |
310.796.000 |
|
|
Bank
Liabilities Due After 1 Year |
18.500.000 |
20.000.000 |
160.774.000 |
|
|
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 |
65.968.000 |
96.158.000 |
119.278.000 |
|
|
TOTAL
LONG TERM LIABILITIES |
|
84.468.000 |
116.158.000 |
280.052.000 |
|
TOTAL
LIABILITIES |
599.566.000 |
643.201.000 |
590.848.000 |
|
|
Called
Up Share Capital |
|
700.000 |
700.000 |
700.000 |
|
Share
Premium |
0 |
0 |
0 |
|
|
Revenue
Reserves |
|
140.866.000 |
150.370.000 |
80.000.000 |
|
Other
Reserves |
-75.163.000 |
-76.475.000 |
3.007.000 |
|
|
TOTAL
SHAREHOLDERS EQUITY |
|
66.403.000 |
74.595.000 |
83.707.000 |
|
|
||||
|
Other
Financials |
||||
|
Contingent
Liabilities |
|
101.000 |
157.000 |
199.000 |
|
Working
Capital |
-18.257.000 |
466.000 |
153.664.000 |
|
|
Net
Worth |
|
-5.227.000 |
-6.910.000 |
-6.925.000 |
|
|
||||
|
Ratios |
||||
|
Pre-Tax
Profit Margin |
|
6.35 % |
6.92 % |
7.36 % |
|
Return On
Capital Employed |
5.68 % |
6.06 % |
8.11 % |
|
|
Return
On Total Assets Employed |
|
10.07 % |
10.50 % |
11.84 % |
|
Return
On Net Assets Employed |
100.98 % |
101.05 % |
95.44 % |
|
|
Sales/Net
Working Capital |
|
-57.88 |
2337.71 |
7.06 |
|
Stock Turnover
Ratio |
36.90 % |
40.16 % |
34.57 % |
|
|
Debtor
Days |
|
4.59 |
5.45 |
4.29 |
|
Creditor
Days |
34.23 |
43.18 |
50.89 |
|
|
Current
Ratio |
|
0.96 |
1.00 |
1.49 |
|
Liquidity
Ratio/Acid Test |
0.21 |
0.17 |
0.29 |
|
|
Current
Debt Ratio |
|
7.76 |
7.07 |
3.71 |
|
Gearing |
30.12 % |
28.82 % |
193.86 % |
|
|
Equity
In Percentage |
|
11.54 % |
12.08 % |
14.82 % |
|
Total
Debt Ratio |
9.03 |
8.62 |
7.06 |
|
Other Address
|
|
|
Address |
Country |
|
Kronetorpsvagen
2, 23237 |
SWEDEN |
|
Per
Albin Hanssons Vag 40, 21432 |
SWEDEN |
|
Sodra
Forstadsgatan 40 A, 21143 |
SWEDEN |
|
Trangsundsvagen
20, 39356 |
SWEDEN |
|
Valbo
Kopcentrum, 81832 |
SWEDEN |
|
Varuvagen
10, 70236 |
SWEDEN |
|
Ostra
Forstadsgatan 56, 21212 |
SWEDEN |
|
Timmermansgatan
59, 60359 |
SWEDEN |
|
Ostra
Torggatan 8, 37230 |
SWEDEN |
|
Krankroksgatan
17 ERIKSLUND SHOPPING CENTER, 72138 |
SWEDEN |
|
Gesallvagen
1, 85753 |
SWEDEN |
|
Frolunda
Torg, 42142 |
SWEDEN |
|
Kompanigatan
3, 55305 |
SWEDEN |
|
Bollvagen
1, 51634 |
SWEDEN |
|
Drottninggatan
21, 65225 |
SWEDEN |
|
Jerikodalsgatan
1-2, 59530 |
SWEDEN |
|
Forumvagen
12, 13153 |
SWEDEN |
|
Repslagaregatan
12, 60232 |
SWEDEN |
|
Sodergatan
21, 21134 |
SWEDEN |
|
Ladugardsvagen
13, 46170 |
SWEDEN |
|
Strompilsplatsen
9-15, 90743 |
SWEDEN |
|
Gallerian
104, 72213 |
SWEDEN |
|
Kungsgatan
44, 41115 |
SWEDEN |
|
Backavagen
3, 41705 |
SWEDEN |
|
Kupolen 26,
78170 |
SWEDEN |
|
Gunborg
Nymans Vag 2, 63222 |
SWEDEN |
|
Farstaplan
25, 12347 |
SWEDEN |
|
Postgatan
26-32, 41106 |
SWEDEN |
|
Eurostop,
30263 |
SWEDEN |
|
Norra
Langgatan 16, 39232 |
SWEDEN |
|
Skaraborgsvagen
62, 50630 |
SWEDEN |
|
Drottninggatan
63, 11121 |
SWEDEN |
|
Storholmsgatan
6, 12748 |
SWEDEN |
|
Kopmannagatan
3, 54145 |
SWEDEN |
|
Postgangen
43, 17145 |
SWEDEN |
|
Glimmervagen
10, 19162 |
SWEDEN |
|
Nordby
Kopcentrum, 45270 |
SWEDEN |
|
Torp 41,
45176 |
SWEDEN |
|
Kungsangsgatan
10-12, 75322 |
SWEDEN |
|
Marknadsvagen
9, 26036 |
SWEDEN |
|
Pajalagatan
29, 16265 |
SWEDEN |
|
Storgatan
8, 35231 |
SWEDEN |
|
Storgatan
283, 18334 |
SWEDEN |
|
Algatan
16, 23142 |
SWEDEN |
|
Bergsmansgatan
9, 69131 |
SWEDEN |
|
Drottninggatan
18, 65225 |
SWEDEN |
|
Drottninggatan
29, 70222 |
SWEDEN |
|
Drottninggatan
57, 37436 |
SWEDEN |
|
Dobelnsgatan
8, 29131 |
SWEDEN |
|
Ekenleden
6, 42836 |
SWEDEN |
|
Eskilsgatan
6, 34130 |
SWEDEN |
|
Forelltorget
6, 14147 |
SWEDEN |
|
Forumgallerian, 75320 |
SWEDEN |
|
Forumvagen 12, 13153 |
SWEDEN |
|
Frolunda Torg, 42142 |
SWEDEN |
|
Foreningsgatan 6, 98131 |
SWEDEN |
|
Gunborg Nymans Vag 2,
63222 |
SWEDEN |
|
Gymnasiegatan 4, 44234 |
SWEDEN |
|
Hageby Centrum, 60359 |
SWEDEN |
|
Hallunda Torg, 14568 |
SWEDEN |
|
Hamngatan 42 GALLERIAN,
94132 |
SWEDEN |
|
Helga Gorlins Gata 1
CHARLOTTENBERGS SHOPPINGCENTER, 67332 |
SWEDEN |
|
Hertig Johans Torg 4,
54130 |
SWEDEN |
|
Hallagatan 14, 72134 |
SWEDEN |
|
Jagersrovagen 151, 21375 |
SWEDEN |
|
Kronetorpsvagen 2, 23237 |
SWEDEN |
|
Kungsgatan 22, 63220 |
SWEDEN |
|
Kungsgatan 30, 46130 |
SWEDEN |
|
Kungsgatan 9, 59130 |
SWEDEN |
|
Kungsmassan, 43438 |
SWEDEN |
|
Kupolen 94, 78170 |
SWEDEN |
|
Kopmangatan 12, 81139 |
SWEDEN |
|
Kopmangatan 15, 64130 |
SWEDEN |
|
Kopmansgatan 13, 30242 |
SWEDEN |
|
Liljeholmstorget 3, 11763 |
SWEDEN |
|
Lilla Fiskaregatan 4,
22222 |
SWEDEN |
|
Langgatan 22, 82143 |
SWEDEN |
|
Marknadsgatan 1 GRANBY
CENTRUM, 75460 |
SWEDEN |
|
Markustorget 1, 77430 |
SWEDEN |
|
Morby Centrum, 18231 |
SWEDEN |
|
Nils Henrikssons Vag 3,
43335 |
SWEDEN |
|
Norra Drottninggatan 8,
45131 |
SWEDEN |
|
Nya Torget 4, 54230 |
SWEDEN |
|
Nygatan 21, 80320 |
SWEDEN |
|
Nygatan 47, 93131 |
SWEDEN |
|
Postgatan 45, 41106 |
SWEDEN |
|
Prastgatan 31, 83131 |
SWEDEN |
|
Ronnebygatan 53, 37134 |
SWEDEN |
|
Radhustorget 5, 26131 |
SWEDEN |
|
Sergelgatan 11-15, 11157 |
SWEDEN |
|
Smedjegatan 22, 55320 |
SWEDEN |
|
Sollentunavagen 163-165,
19147 |
SWEDEN |
|
Stora Brogatan 16, 50330 |
SWEDEN |
|
Stora Ostergatan 4, 27134 |
SWEDEN |
|
Storgatan 11, 89133 |
SWEDEN |
|
Storgatan 14, 35231 |
SWEDEN |
|
Storgatan 22B, 33130 |
SWEDEN |
|
Storgatan 24, 82430 |
SWEDEN |
|
Storgatan 28, 77130 |
SWEDEN |
|
Storgatan 30, 85230 |
SWEDEN |
|
Storgatan 34, 92131 |
SWEDEN |
|
Storgatan 46, 97231 |
SWEDEN |
|
Storholmsgatan 16, 12748 |
SWEDEN |
|
Sodergatan 19, 25225 |
SWEDEN |
|
Torggatan 24, 74531 |
SWEDEN |
|
Torggatan 6, 67131 |
SWEDEN |
|
Tradgardsgatan 5, 64531 |
SWEDEN |
|
Valbo Kopcentrum, 81832 |
SWEDEN |
|
Vasagatan 9B, 90329 |
SWEDEN |
|
Vastra Kopmansgatan 28,
44430 |
SWEDEN |
|
Vastra Storgatan 22,
61132 |
SWEDEN |
|
Vastra Svedengatan 7
IKEA-HUSET, 58273 |
SWEDEN |
|
Vastra Vallgatan 43,
43241 |
SWEDEN |
|
Ostergatan 2, 28131 |
SWEDEN |
|
Ostervag 7, 62145 |
SWEDEN |
|
Hamngatan 37 GALLERIAN,
11153 |
SWEDEN |
|
Bredgatan 11, 59330 |
SWEDEN |
|
Jakobsbergs Centrum,
17730 |
SWEDEN |
|
Kyrkogatan 17D, 79230 |
SWEDEN |
|
Nordby Kopcentrum Vastra,
45270 |
SWEDEN |
|
Stora Gatan 7-21, 72212 |
SWEDEN |
|
Stores Grand 23, 13646 |
SWEDEN |
|
Varuvagen 10, 70236 |
SWEDEN |
|
Vala Centrum, 26036 |
SWEDEN |
|
Kompanigatan 3, 55305 |
SWEDEN |
|
Krokegardsgatan 5, 41705 |
SWEDEN |
|
Skeppsbrogatan 12, 39231 |
SWEDEN |
|
Gesallvagen 1, 85753 |
SWEDEN |
|
Ostra Forstadsgatan 56,
21212 |
SWEDEN |
|
Marknadsvagen 7, 24642 |
SWEDEN |
|
Pajalagatan 51, 16265 |
SWEDEN |
|
Holmgatan 9-11, 79171 |
SWEDEN |
|
Farstaplan 25, 12347 |
SWEDEN |
|
Arenavagen 57, 12177 |
SWEDEN |
|
Nygatan 22, 58219 |
SWEDEN |
|
Kista Galleria, 16491 |
SWEDEN |
|
Stortorget 7-9, 70211 |
SWEDEN |
|
Storgatan 4, 15171 |
SWEDEN |
|
Kungsgatan 48, 41115 |
SWEDEN |
|
Soderleden 1, 31261 |
SWEDEN |
|
Koppargatan 20, 60223 |
SWEDEN |
|
Per Albin Hanssons Vag
40, 21432 |
SWEDEN |
|
Foretagsvagen 10, 22761 |
SWEDEN |
|
Gotgatan 132, 11862 |
SWEDEN |
|
Sodra Esplanaden 2, 73330 |
SWEDEN |
|
Ladugardsvagen 12, 46170 |
SWEDEN |
|
Simbagatan 14, 13154 |
SWEDEN |
|
Postgangen 34 D, 17145 |
SWEDEN |
|
Drottninggatan 55, 60232 |
SWEDEN |
|
Glimmervagen 10, 19162 |
SWEDEN |
|
Sodra Forstadsgatan 41,
21143 |
SWEDEN |
|
Ostangrand 12, 13540 |
SWEDEN |
|
Ostantorget 281, 18334 |
SWEDEN |
|
Dragonvagen 86, 19433 |
SWEDEN |
|
Drottninggatan 56, 11121 |
SWEDEN |
|
Sodergatan 19, 21134 |
SWEDEN |
|
Drottninggatan 22, 65225 |
SWEDEN |
|
Drottninggatan 41, 60232 |
SWEDEN |
|
Drottninggatan 56, 11121 |
SWEDEN |
|
Gamla Brogatan 20-22,
11120 |
SWEDEN |
|
Hamngatan 37 GALLERIAN,
11153 |
SWEDEN |
|
Hejaregatan 32, 35246 |
SWEDEN |
|
Karlaplan 13, 11520 |
SWEDEN |
|
Kista Galleria, 16491 |
SWEDEN |
|
Kungsmassan, 43438 |
SWEDEN |
|
Kopmansgatan 21, 30242 |
SWEDEN |
|
Lilla Fiskaregatan 8,
22222 |
SWEDEN |
|
Malmborgsgatan 6, 21138 |
SWEDEN |
|
Pajalagatan 17, 16265 |
SWEDEN |
|
Prastgatan 29, 83131 |
SWEDEN |
|
Skeppsbrogatan 12, 39231 |
SWEDEN |
|
Sollentunavagen 163,
19147 |
SWEDEN |
|
Storgatan 282, 18334 |
SWEDEN |
|
Sodra Forstadsgatan 41,
21143 |
SWEDEN |
Email
Addresses
No information
for this company.
Web Pages
Share
Capital Structure
Issued Share
Capital 700.000
|
Name |
Appointment
Date |
Position |
|
|
Sverker
Albrektson |
31/10/2003 |
Chairman
of Board |
|
|
Warborn,
Bengt Oskar Lennart |
15/01/2010 |
Actual
Member of Board |
|
|
Warborn,
Sten Tage Birger |
31/10/2003 |
Foreign
Resident in the EEA |
|
|
|
|||
|
Previous
Directors |
|||
|
Name |
Appointment
Date |
Position |
Resignation
Date |
|
Rolf
Goran Richard Nilsson |
13/03/1995 |
Actual
Member of Board |
|
|
Extended
Group Structure |
||||
|
Company
Name |
|
Latest
Annual Accounts |
|
|
|
r n JL Golden Heights AB |
SE |
5567119648 |
31/12/2012 |
|
|
lIj IdunaAB |
SE |
5560609058 |
31/12/2012 |
|
|
> , C.G. Hallbergs Guldsmedsaktiebolag |
SE |
5560024258 |
31/12/2012 |
|
|
J-a Kultajousi Oy |
FI |
|
|
|
Employee
Information
|
||
|
Year |
Number
of Employees |
|
|
2012 |
636 |
|
|
2011 |
|
642 |
|
2010 |
636 |
|
|
2009 |
|
626 |
|
2008 |
664 |
|
|
|
||
|
Advisors |
||
|
Auditor
Name |
Staffan
Olle Edvin Landen |
|
|
|
||
|
|
||
|
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. |
||
|
|
||
|
Activity
Code |
|
47772 |
|
Activity
Description |
Retail sale
of jewellery in specialised stores |
|
|
Industry
Average Credit Rating |
|
71 (1 -
100) |
|
Industry
Average Credit Limit |
3.000 |
|
|
|
||
|
Event
Date |
Event
Description |
|
|
28/08/2013 |
Group
Structure Change |
|
|
12/08/2013 |
|
Annual
account, new |
|
18/07/2013 |
Annual
report (PDF), new |
|
|
30/08/2012 |
|
Annual
account, new |
|
24/07/2012 |
Annual
report (PDF), new |
|
|
28/10/2011 |
|
Authorised
signatories amended or new/amended vacancy text |
|
28/10/2011 |
Company representatives,
changed |
|
|
28/10/2011 |
|
Board,
changed |
|
27/09/2011 |
Annual
account, new |
|
|
09/08/2011 |
|
Annual
report (PDF), new |
|
29/03/2011 |
Fax
number, changed |
|
|
31/08/2010 |
|
Annual
account, new |
|
19/08/2010 |
Annual report
(PDF), new |
|
|
16/01/2010 |
|
Authorised
signatory, changed |
|
16/01/2010 |
Board,
changed |
|
|
16/01/2010 |
|
Company
representatives, changed |
|
19/08/2009 |
Annual
account, new |
|
|
24/07/2009 |
|
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 1
Number of
reclaimed/revoked applications 4
DIAMOND INDUSTRY – INDIA
-
From time immemorial, India is well known in the world as the birthplace
for diamonds. It is difficult to trace the origin of diamonds but history
says that in the remote past, diamonds were mined only in India. Diamond
production in India can be traced back to almost 8th Century B.C.
India, in fact, remained undisputed leader till 18th Century
when Brazilian fields were discovered in 1725 followed by emergence of S.
Africa, Russia and Australia.
-
The achievement of the Indian diamond industry was possible only due to
combination of the manufacturing skills of the Indian workforce and the
untiring and unflagging efforts of the Indian diamantaires, supported by
progressive Government policies.
-
The area of study of family owned diamond businesses derives its
importance from the huge conglomerate of family run organizations which operate
in the diamond industry since many generations.
-
Some of the basic traits of family run business enterprises include
spirit of entrepreneurship, mutual trust lowers transaction costs, small,
nimble and quick to react, information as a source of advantage and
philanthropy.
-
Family owned diamond businesses need to improve on many fronts including
higher standard of corporate governance, long-term performance – focused
strategies, modern management and technology.
-
Utmost caution is to be exercised while dealing with some medium and
large diamond traders which are usually engaged in fictitious import – export,
inter-company transactions, financially assisted by banks. In the process,
several public sector banks lost several hundred million rupees. They mostly
diverted borrowed money for diamond business into real estate and capital
markets.
-
Excerpts from Times of India dated 30th October 2010 is as
under –
-
Gem & Jewellery Export Promotion Council in its statistical data has
shown the export of polished diamonds to have increase by 28 % in February
2013. Compared to $ 1.4 bn worth of polished diamond export in February, 2012,
India exported $ 1.84 billion worth of polished diamonds in February 2013. A senior
executive of GJEPC said, “Export of cut and polished diamonds started falling
month-wise after the imposition of 2 % of import duty on the polished diamonds.
But February, 2013 has given a new ray of hope to the industry as the export of
polished diamonds has actually increased by 28 %. It means the industry
is on the track of recovery and round tripping of diamonds has stopped
completely.” Demand has started coming from the US, the UK, Japan and China.
India’s polished diamond export is expected to cross $ 21 bn in 2013-14.
-
The banking sector has started exercising restraint while following
prudent risk management norms when lending money to gems and jewellery sector.
This follows the implementation of Basel III accord – a global voluntary
regulatory standard on bank capital adequacy, stress testing and market
liquidity.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.05 |
|
|
1 |
Rs.101.65 |
|
Euro |
1 |
Rs.83.07 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
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.