MIRA INFORM REPORT

Report Date :

22.11.2014

IDENTIFICATION DETAILS

Name :	RISENTA AB

Registered Office :	Sollentunaholmsvagen 13-15, 19278 Sollentuna

Country :	Sweden

Financials (as on) :	2013

Date of Incorporation :	01.12.2005

Com. Reg. No.:	5566924568

Legal Form :	Limited liability company

Line of Business :	Non-specialised wholesale of food, beverages and tobacco

No. of Employees :	30

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
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

Status :	Good
Payment Behaviour :	Regular
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 – June 1, 2014

Country Name

Previous Rating

(31.03.2014)

Current Rating

(01.06.2014)

Sweden

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

Company name and address

Business Name	RISENTA AB
Country	SWEDEN
Company Registration Number	5566924568
Main Activity	Non-specialised wholesale of food, beverages and tobacco
Activity Code	46390
Company Status	Active
Latest Turnover Figure	236.542.000
Latest Shareholder Equity Figure	29.374.000

Company Information
Business Name	RISENTA AB
Registered Company Name	RISENTA AB
Company Registration Number	5566924568
Country	SWEDEN
VAT Registration Number	SE556692456801
Date of Company Registration	01/12/2005
Legal Form	Limited liability company
Company Status	Active
Currency of this Report	SEK
Principal Activity Description	Bolaget skall idka handel med livsmedelsprodukter och frber och darmed fbrenlig verksamhet.
Contact Address	Sollentunaholmsvagen 13-15, 19278 SOLLENTUNA
Contact Telephone Number	08-54501570

Activities

Activity Code

Activity Description

46390

Non-specialised wholesale of food, beverages and tobacco

Profit and Loss

Financial Year	2013	2012	2011
Number of Weeks	52	52	52
Currency	SEK	SEK	SEK
Consolidated Accounts	N	N	N
Revenue	236.542.000	197.094.000	167.681.000
Operating Costs	218.554.000	184.664.000	159.534.000
Operating Profit	17.988.000	12.430.000	8.147.000
Wages & Salaries	-22.067.000	-17.750.000	-16.349.000
Depreciation	-1.149.000	-1.129.000	-2.143.000
Financial Income	43.000	130.000	195.000
Financial Expenses	-197.000	-613.000	-800.000
Extraordinary Income - - -
Extraordinary Costs	-197.000	-613.000	-800.000
Profit before Tax	17.834.000	11.947.000	7.542.000
Tax	-3.023.000	-585.000
Profit after Tax	14.811.000	11.362.000	7.542.000
Minority Interests - - -
Other Appropriations	-4.362.000	-1.612.000
Retained Profit	10.450.000	9.750.000	7.542.000

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	2.370.000	1.974.000	1.753.000
Other Tangible Assets	727.000	723.000	802.000
Total Tangible Assets	3.097.000	2.697.000	2.555.000
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	3.097.000	2.697.000	2.555.000
Work In Progress	0	0	0
Other Inventories	22.953.000	21.336.000	19.440.000
Total Inventories	22.953.000	21.336.000	19.440.000
Trade Receivables	23.146.000	20.263.000	14.925.000
Group Receivables	0	0	0
Miscellaneous Receivables	2.517.000	2.921.000	3.535.000
Total Receivables	25.663.000	23.184.000	18.460.000
Cash	10.541.000	9.411.000	9.733.000
Other Current Assets	0	0	0
TOTAL CURRENT ASSETS	59.157.000	53.930.000	47.633.000
TOTAL ASSETS	62.254.000	56.627.000	50.189.000
Trade Payables	15.969.000	12.913.000	11.341.000
Bank Liabilities	0	10.402.000	9.913.000
Group Payables	0	0	0
Miscellaneous Liabilities	10.937.000	7.775.000	5.961.000
TOTAL CURRENT LIABILITIES	26.906.000	31.090.000	27.215.000
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	5.974.000	1.612.000	0

TOTAL LONG TERM LIABILITIES	5.974.000	1.612.000	3.800.000
TOTAL LIABILITIES	32.880.000	32.702.000	31.015.000
Called Up Share Capital	3.000.000	3.000.000	3.000.000
Share Premium	17.000.000	17.000.000	0
Revenue Reserves	9.374.000	8.925.000	16.174.000
Other Reserves	0	-5.000.000	0
TOTAL SHAREHOLDERS EQUITY	29.374.000	23.925.000	19.174.000


Other Financials
Contingent Liabilities	165.000	150.000	150.000
Working Capital	32.251.000	22.840.000	20.418.000
Net Worth	29.374.000	23.925.000	19.174.000

Ratios

Pre-Tax Profit Margin	7.54 %	6.06 %	4.50 %
Return On Capital Employed	20.00 %	13.62 %	9.74 %
Return On Total Assets Employed	28.65 %	21.10 %	15.03 %
Return On Net Assets Employed	60.71 %	49.94 %	39.33 %
Sales/Net Working Capital	7.33	8.63	8.21
Stock Turnover Ratio	9.70 %	10.83 %	11.59 %
Debtor Days	35.72	37.53	32.49
Creditor Days	24.64	23.91	24.69
Current Ratio	2.20	1.73	1.75
Liquidity Ratio/Acid Test	1.35	1.05	1.04
Current Debt Ratio	0.92	1.30	1.42
Gearing		43.48 %	71.52 %
Equity In Percentage	47.18 %	42.25 %	38.20 %
Total Debt Ratio	1.12	1.37	1.62

Contact Information

Main Address

Address Country Telephone

Sollentunaholmsvägen 13-15, 19278 SOLLENTUNA SWEDEN 08-54501570

Other Address

Address Country

No other addresses for this company.

Email Addresses

info@risenta.se

Web Pages

www.risenta.se

Share Capital Structure

Issued Share Capital		3.000.000

Directors/Managers

Current Directors

Name	Appointment Date	Position
Jonas Olof Engwall	31/10/2007	Actual Member of Board
Alex Tengvall	31/10/2007	Managing Director
Johan Ulf Axel Ahldin	19/05/2008	Actual Member of Board

Group Structure


Extended Group Structure
Company Name	Country Number	Safe Number	Latest Annual Accounts
₀ .⁰ Coolax Holding AB	SE 5560639998	SE00570262	31/12/2013
¹ Risenta AB	SE 5566924568	SE01083864	31/12/2013

Other Information


Employee Information
Year	Number of Employees
2013	30
2012	25
2011	24
2010	24

Advisors

Auditor Name Per David Nilsson

Additional information

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		46390
Activity Description		Non-specialised wholesale of food, beverages and tobacco

Event Date		Event Description
11/09/2014		Group Structure Change
13/06/2014		Group Structure Change
10/06/2014		Annual report (PDF), new
06/06/2014		Annual account, new
06/06/2014		Limit, increase
11/09/2013		Group Structure Change
10/09/2013		Group Structure Change
28/05/2013		Group Structure Change
21/05/2013		Annual account, new
21/05/2013		Limit, increase
14/05/2013		Annual report (PDF), new
16/05/2012		Annual account, new
16/05/2012		Limit, increase
09/05/2012		Annual report (PDF), new
18/04/2012		Board, changed
30/08/2011		Board, changed
30/08/2011		Company representatives, changed

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.61.85
UK Pound	1	Rs.97.01
Euro	1	Rs.77.62

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%)

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.