|
Report Date : |
31.05.2014 |
IDENTIFICATION DETAILS
|
Name : |
CONSORTIO
FASHION GROUP AKTIEBOLAG |
|
|
|
|
Registered Office : |
50187
BORAS |
|
|
|
|
Country : |
Sweden |
|
|
|
|
Financials (as on) : |
2012 |
|
|
|
|
Date of Incorporation : |
13.03.1997 |
|
|
|
|
Com. Reg. No.: |
5565402152 |
|
|
|
|
Legal Form : |
Limited liability company |
|
|
|
|
Line of Business : |
Business
and other management consultancy activities |
|
|
|
|
No. of Employees |
175 |
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 31st, 2014
|
Country Name |
Previous Rating (30.09.2013) |
Current Rating (01.12.2013) |
|
Swden |
A1 |
A1 |
|
Risk Category |
ECGC Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
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 |
CONSORTIO
FASHION GROUP AKTIEBOLAG |
|
Country |
SWEDEN |
|
Company
Registration Number |
5565402152 |
|
Main
Activity |
Business
and other management consultancy activities |
|
Activity
Code |
70220 |
|
Company
Status |
Active |
|
Latest
Turnover Figure |
276.833.000 |
|
Latest
Shareholder Equity Figure |
246.071.000 |
|
Basic
Information |
|
|
Business
Name |
Consortio
Fashion Group Aktiebolag |
|
Registered
Company Name |
Consortio
Fashion Group Aktiebolag |
|
Company
Registration Number |
5565402152 |
|
Country |
SWEDEN |
|
VAT
Registration Number |
SE556540215201 |
|
Date
of Company Registration |
13/03/1997 |
|
Legal
Form |
Limited
liability company |
|
Company
Status |
Active |
|
Currency
of this Report |
SEK |
|
Principal
Activity Description |
The Company owns and manages shares in subsidiaries, verksammma in fashion and clothing, and perform services within the group. |
|
Contact
Address |
,
50187 BORAS |
|
Contact
Telephone Number |
033-173000 |
|
|
|
|
Activities |
|
|
Activity
Code |
Activity
Description |
|
70220 |
Business
and other management consultancy activities |
|
Profit
and Loss |
||||||
|
Financial
Year |
2012 |
2011 |
2010 |
|||
|
Number
of Weeks |
52 |
52 |
52 |
|||
|
Currency |
SEK |
SEK |
SEK |
|||
|
Consolidated
Accounts |
N |
N |
N |
|||
|
Revenue |
284.819.000 |
66.843.000 |
|
|||
|
Operating
Costs |
275.395.000 |
57.269.000 |
|
|||
|
Operating
Profit |
9.424.000 |
9.574.000 |
|
|||
|
Wages
& Salaries |
-82.540.000 |
-51.896.000 |
|
|||
|
Depreciation |
-611.000 |
|
|
|||
|
Financial
Income |
3.173.000 |
4.872.000 |
3.510.000 |
|||
|
Financial
Expenses |
-2.646.000 |
-1.409.000 |
-1.428.000 |
|||
|
Extraordinary
Income |
|
|
|
|||
|
Extraordinary
Costs |
-2.646.000 |
-1.409.000 |
-1.428.000 |
|||
|
Profit
before Tax |
10.980.000 |
13.037.000 |
29.427.000 |
|||
|
Tax |
-2.632.000 |
-3.439.000 |
-547.000 |
|||
|
Profit
after Tax |
8.348.000 |
9.598.000 |
28.880.000 |
|||
|
Minority Interests
- - - |
||||||
|
Other
Appropriations |
|
|
|
|||
|
Retained
Profit |
8.348.000 |
9.598.000 |
28.880.000 |
|||
|
|
||||||
|
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 |
496.000 |
0 |
0 |
|||
|
Total
Tangible Assets |
496.000 |
0 |
0 |
|||
|
Goodwill |
0 |
0 |
0 |
|||
|
Other
Intangible Assets |
19.238.000 |
13.138.000 |
0 |
|||
|
Total
Intangible Assets |
19.238.000 |
13.138.000 |
0 |
|||
|
Loans
To Group |
0 |
0 |
0 |
|||
|
Other
Loans |
0 |
0 |
0 |
|||
|
Miscellaneous
Fixed Assets |
323.728.000 |
322.949.000 |
322.899.000 |
|||
|
Total
Other Fixed Assets |
323.728.000 |
322.949.000 |
322.899.000 |
|||
|
TOTAL
FIXED ASSETS |
343.462.000 |
336.087.000 |
322.899.000 |
|||
|
Work
In Progress |
0 |
0 |
0 |
|||
|
Other
Inventories |
28.778.000 |
23.047.000 |
0 |
|||
|
Total
Inventories |
28.778.000 |
23.047.000 |
0 |
|||
|
Trade
Receivables |
0 |
0 |
0 |
|||
|
Group
Receivables |
48.507.000 |
170.061.000 |
83.215.000 |
|||
|
Miscellaneous
Receivables |
9.268.000 |
5.805.000 |
0 |
|||
|
Total
Receivables |
57.775.000 |
175.866.000 |
83.215.000 |
|||
|
Cash |
12.000 |
9.000 |
0 |
|||
|
Other
Current Assets |
0 |
0 |
0 |
|||
|
TOTAL
CURRENT ASSETS |
86.565.000 |
198.922.000 |
83.215.000 |
|||
|
TOTAL
ASSETS |
430.027.000 |
535.009.000 |
406.114.000 |
|||
|
Trade
Payables |
18.684.000 |
2.710.000 |
0 |
|||
|
Bank
Liabilities |
0 |
0 |
0 |
|||
|
Group
Payables |
66.523.000 |
148.455.000 |
94.352.000 |
|||
|
Miscellaneous
Liabilities |
22.212.000 |
17.382.000 |
0 |
|||
|
TOTAL
CURRENT LIABILITIES |
107.419.000 |
168.547.000 |
94.352.000 |
|||
|
Bank
Liabilities Due After 1 Year |
76.537.000 |
121.364.000 |
86.624.000 |
|||
|
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 |
0 |
0 |
0 |
|||
|
TOTAL LONG TERM LIABILITIES |
76.537.000 |
121.364.000 |
86.624.000 |
|||
|
TOTAL LIABILITIES |
183.956.000 |
289.911.000 |
180.976.000 |
|||
|
Called Up Share Capital |
100.000 |
100.000 |
100.000 |
|||
|
Share Premium |
0 |
0 |
0 |
|||
|
Revenue Reserves |
253.326.000 |
234.616.000 |
226.554.000 |
|||
|
Other Reserves |
-7.355.000 |
10.382.000 |
-1.516.000 |
|||
|
TOTAL SHAREHOLDERS EQUITY |
246.071.000 |
245.098.000 |
225.138.000 |
|||
|
|
||||||
|
Other Financials |
||||||
Contingent
Liabilities
0 0 0
Working Capital -20.854.000
30.375.000 -11.137.000
Net Worth 226.833.000
231.960.000 225.138.000
|
|
|||
|
Ratios |
|||
|
Pre-Tax Profit Margin |
3.86 % |
19.50 % |
|
|
Return On Capital Employed |
2.04 % |
1.85 % |
5.88 % |
|
Return On Total Assets Employed |
2.55 % |
2.44 % |
7.25 % |
|
Return On Net Assets Employed |
4.46 % |
5.32 % |
13.07 % |
|
Sales/Net Working Capital |
-13.66 |
2.20 |
0.00 |
|
Stock Turnover Ratio |
10.10 % |
34.48 % |
|
|
Debtor Days |
0.00 |
0.00 |
|
|
Creditor Days |
23.94 |
14.80 |
|
|
Current Ratio |
0.81 |
1.18 |
0.88 |
|
Liquidity Ratio/Acid Test |
0.54 |
1.04 |
0.88 |
|
Current Debt Ratio |
0.44 |
0.69 |
0.42 |
|
Gearing |
31.10 % |
49.52 % |
38.48 % |
|
Equity In Percentage |
282.64 % |
123.21 % |
270.55 % |
|
Total Debt Ratio |
0.75 |
1.18 |
0.80 |
|
Main Address |
||
|
Address |
Country |
Telephone |
|
, 50187 BORAS |
SWEDEN |
033-173000 |
Other
Address
Address Country No
other addresses for this company.
Email
Addresses
No
information for this company.
Web
Pages
No information for this company.
Share Capital Structure
Issued Share Capital 100.000
Current
Directors
|
Name |
Appointment Date |
Position |
|
|
Paul Ivar Kallenius |
29/06/2012 |
Chairman of Board |
|
|
Anna Ingrid Charlotta Tangstedt |
18/01/2008 |
Actual Member of Board |
|
|
Christel Yvonne Kinning |
28/05/2014 |
Actual Member of Board |
|
|
Gunnar Axel Ryman |
06/04/1998 |
Actual Member of Board |
|
|
Lennart Christer Ivan Jeansson |
12/11/2007 |
Actual Member of Board |
|
|
Satu Kristina Bogdanoff |
09/08/2011 |
Actual Member of Board |
|
|
Hilary Grant Squires |
25/05/2013 |
Substitute |
|
|
Jan Tony Olofsson |
18/01/2008 |
Substitute |
|
|
Niklas Fredenlund |
18/01/2008 |
Substitute |
|
|
|
|||
|
Previous Directors |
|||
|
Name |
Appointment Date |
Position |
Resignation Date |
|
Monica Ann-Kathrine Karlstrom |
09/08/2011 |
Substitute |
|
|
Margareta Meta Persdotter |
25/04/2008 |
Actual Member of Board |
|
|
Lennart Christer Ivan Jeansson |
12/11/2007 |
Chairman of Board |
|
|
Kent Lennart Back |
18/01/2008 |
Actual Member of Board |
|
|
Tommy Fredrik Abrahamsson |
18/01/2008 |
Substitute |
|
|
John Robert Hong-Yuhl Gyll |
27/08/2007 |
Substitute |
|
|
Gunnar Axel Ryman |
06/04/1998 |
Managing Director |
|
|
Ulf Robert Tornblom |
07/06/2010 |
Foreign Resident in the EEA |
|
|
Extended Group Structure |
|||||
|
Company
Name |
Country |
Number |
Latest
Annual Accounts |
|
|
|
Consortio Invest AB |
SE |
5567052997 |
31/12/2012 |
|
|
|
TF Bank AB |
SE |
5561581041 |
31/12/2010 |
|
|
|
Consortio Fashion Group Aktiebolaq |
SE |
5565402152 |
31/12/2012 |
|
|
|
CellbesAB |
SE |
5561104109 |
31/12/2012 |
|
|
|
Consortio Fashion Group As |
NO |
974411768 |
31/12/2013 |
|
|
|
HalensAB |
SE |
5560761198 |
31/12/2012 |
|
|
|
Halens Konto AB |
SE |
5563493559 |
31/12/2012 |
|
|
|
Consortio Development AB |
SE |
5563493567 |
31/12/2012 |
|
|
|
New Bubbleroom Sweden AB |
SE |
5566999214 |
31/12/2012 |
|
|
|
Halens PolskaSpZ.0.0. |
PL |
|
|
|
|
|
Halens S.R.O. |
CZ |
|
|
|
|
|
Halens Spol S.R.O. |
SK |
|
|
|
|
|
House Of Brands Oii |
EE |
|
|
|
|
|
|
|||||
|
Other Information |
|||||
|
|
|||||
|
Employee Information |
|||||
|
Year |
Number of Employees |
||||
|
2012 |
175 |
||||
|
2011 |
108 |
|
|
|
|
|
2010 |
0 |
||||
|
2009 |
0 |
|
|
|
|
|
2008 |
0 |
||||
|
|
|||||
|
Advisors |
|||||
|
Auditor Name |
PricewaterhouseCoopers AB |
||||
Tax
Registrations
|
Registered for FTax |
|
Yes |
|
|
Registered for VAT |
|
Yes |
|
|
Registered for Employee Tax |
|
Yes |
|
|
|
|||
|
Certificates |
|||
|
|
Category |
|
Issuer |
Activity Code 70220
Activity Description Business and other
management consultancy activities
Industry Average Credit Rating 73 (1 - 100)
Industry Average Credit Limit 25.000
|
Event History |
|
||
|
Event Date |
Event Description |
|
|
|
29/05/2014 |
Company representatives, changed |
|
|
|
29/05/2014 |
Authorised signatories amended or new/amended vacancy
text |
|
|
|
14/08/2013 |
Group Structure Change |
|
|
|
01/08/2013 |
Limit, increase |
|
|
|
01/08/2013 |
Annual account, new |
|
|
|
01/08/2013 |
Group annual accout, new |
|
|
|
11/07/2013 |
Annual report (PDF), new |
|
|
|
01/07/2013 |
Group Structure Change |
|
|
|
07/06/2013 |
Group Structure Change |
|
|
|
06/06/2013 |
Group Structure Change |
|
|
|
28/05/2013 |
Company representatives, changed |
|
|
|
28/05/2013 |
Authorised signatories amended or new/amended vacancy
text |
|
|
|
20/04/2013 |
Limit, increase |
|
|
|
13/04/2013 |
Limit, decrease |
|
|
|
18/12/2012 |
Address, changed |
|
|
|
14/08/2012 |
Limit, increase |
|
|
|
13/08/2012 |
Group annual accout, new |
|
|
|
13/08/2012 |
Annual account, new |
|
|
|
11/07/2012 |
Annual report (PDF), new |
|
|
|
01/07/2012 |
Company representatives, changed |
|
|
|
01/07/2012 |
Authorised signatories amended or new/amended vacancy
text |
|
|
|
01/07/2012 |
Board, changed |
|
|
|
08/02/2012 |
Authorised signatories amended or new/amended vacancy
text |
|
|
|
08/02/2012 |
Board, changed |
|
|
|
08/02/2012 |
Company representatives, changed |
|
|
|
10/08/2011 |
Authorised signatories amended or new/amended vacancy
text |
|
|
|
10/08/2011 |
Board, changed |
|
|
|
10/08/2011 |
Address, changed |
|
|
|
10/08/2011 |
Company representatives, changed |
|
|
|
28/07/2011 |
Group annual accout, new |
|
|
|
28/07/2011 |
Annual account, new |
|
|
|
11/07/2011 |
Annual report (PDF), new |
|
|
|
11/06/2011 |
Company tax, changed |
|
|
|
17/05/2011 |
Phone number, new |
|
|
|
04/05/2011 |
Employment tax, changed |
|
|
|
04/03/2011 |
Phone number, removed |
|
|
|
03/03/2011 |
Authorised signatories amended or new/amended vacancy
text |
|
|
|
01/03/2011 |
Company representatives, changed |
|
|
|
01/03/2011 |
Company name, changed (old name: Halens Holding AB) |
|
|
|
01/03/2011 |
Board, changed |
|
|
|
01/03/2011 |
Authorised signatories amended or new/amended vacancy
text |
|
|
|
01/03/2011 |
Company business activity, changed |
|
|
|
19/08/2010 |
Company representatives, changed |
||
|
19/08/2010 |
Authorised signatory, changed |
||
|
19/08/2010 |
Board, changed |
||
|
08/06/2010 |
Company representatives, changed |
||
|
08/06/2010 |
Authorised signatory, changed |
||
|
08/06/2010 |
Board, changed |
||
|
06/05/2010 |
Annual account, new |
||
|
06/05/2010 |
Limit, decrease |
||
|
29/04/2010 |
Annual report (PDF), new |
||
|
07/08/2009 |
Company representatives, changed |
||
|
07/08/2009 |
Board, changed |
||
|
|
|||
|
Negative Information |
|||
|
|
|||
|
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 |
4 |
||
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.59.03 |
|
UK Pound |
1 |
Rs.98.91 |
|
Euro |
1 |
Rs.80.34 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
SDA |
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.