|
Report No. : |
318954 |
|
Report Date : |
24.04.2015 |
IDENTIFICATION DETAILS
|
Name : |
AXELSSONS CASSELS DEA FASHION AB |
|
|
|
|
Registered Office : |
Box 15015, 75015 UPPSALA |
|
|
|
|
Country : |
Sweden |
|
|
|
|
Financials (as on) : |
2013 |
|
|
|
|
Date of Incorporation : |
27.12.2004 |
|
|
|
|
Com. Reg. No.: |
5566733670 |
|
|
|
|
Legal Form : |
Limited liability company |
|
|
|
|
Line of Business : |
Subject is engaged in retail sale of women''s clothing in specialised stores |
|
|
|
|
No. of Employee : |
8 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
Sweden |
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 |
AXELSSONS CASSELS
DEA FASHION AB |
|
Country |
SWEDEN |
|
Company
Registration Number |
5566733670 |
|
Activity Code |
47713 |
|
Activity
Description |
Retail
sale of women''s clothing in specialised stores |
|
Company Status |
Active
(Active) |
|
Latest Turnover
Figure |
153.870.000
SEK |
|
Latest Shareholder
Equity Figure |
4.154.000
SEK |
Basic Information
|
|
|
Business Name |
Axelssons
Cassels DEA Fashion AB |
|
Registered Company
Name |
Axelssons
Cassels DEA Fashion AB |
|
Company
Registration Number |
5566733670 |
|
Country |
SWEDEN |
|
VAT Registration
Number |
SE556673367001 |
|
Date of Company
Registration |
27/12/2004 |
|
Legal Form |
Limited
liability company |
|
Company Status |
Active
(Active) |
|
Currency of this
Report |
SEK |
|
Principal Activity
Code |
No
code |
|
Principal Activity
Description |
The
Company shall undertake activities inkopsorganisation with the import and sale
of clothing and accessories, and related business. |
|
Contact Address |
Box
15015, 75015 UPPSALA |
|
Contact Telephone
Number |
08-51800700 |
Main Address
|
|
|
Address |
Country
Telephone |
|
Box
15015, 75015 UPPSALA |
SWEDEN 08-51800700 |
|
Address |
Country |
||||||
|
No other addresses for this company |
|
||||||
Activities
Activity
Code Activity
Description |
|||||||
|
47713 |
Retail sale of women''s clothing in specialised stores |
||||||
Email Addresses
|
|||||||
|
No email addresses for this company |
|||||||
Web Pages
No websites for this company |
|||||||
Employee Information
|
|||||||
|
Year |
Number
of Employees |
||||||
|
2013 |
8 |
||||||
|
2012 |
8 |
||||||
|
2011 |
9 |
||||||
|
2010 |
8 |
||||||
|
2009 |
7 |
||||||
Advisors
Auditor
Name Peter Johan Alm Lindstrom |
|||||||
|
Auditor
Name |
Paul Hans-Olof Schultz |
||||||
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 47713 |
|||||||
|
Activity
Description |
Retail sale of women''s clothing in specialised stores |
||||||
|
Industry
Average Credit Rating |
68 (1 - 100) |
||||||
|
Industry
Average Credit Limit |
17.000 |
||||||
Event History
Event
Date Event
Description |
|||||||
|
25/08/2014 |
Annual account, new |
||||||
|
18/08/2014 |
Annual report (PDF), new |
||||||
|
Event
Date |
Event
Description |
|
|
||||
|
26/11/2013 |
Company representatives, changed |
|
|
||||
|
26/11/2013 |
Limit, decrease |
|
|
||||
|
26/11/2013 |
Authorised signatories amended or new/amended vacancy text |
|
|||||
|
29/07/2013 |
Annual account, new |
|
|
||||
|
29/07/2013 |
Limit, increase |
|
|
||||
|
08/07/2013 |
Annual report (PDF), new |
|
|
||||
|
28/11/2012 |
Limit, increase |
|
|
||||
|
17/09/2012 |
Limit, increase |
|
|
||||
|
17/09/2012 |
Annual account, new |
|
|
||||
|
07/09/2012 |
Company representatives, changed |
|
|
||||
|
07/09/2012 |
Authorised signatories amended or new/amended vacancy text |
|
|||||
|
01/08/2012 |
Annual report (PDF), new |
|
|
||||
|
28/04/2012 |
Board, changed |
|
|
||||
|
01/12/2011 |
Limit, decrease |
|
|
||||
|
28/07/2011 |
Annual account, new |
|
|
||||
|
28/07/2011 |
Limit, increase |
|
|
||||
|
14/07/2011 |
Annual report (PDF), new |
|
|
||||
|
09/02/2011 |
Address, changed |
|
|
||||
|
19/10/2010 |
Company representatives, changed |
|
|
||||
|
19/10/2010 |
Authorised signatories amended or new/amended vacancy text |
|
|||||
|
19/10/2010 |
Board, changed |
|
|
||||
|
16/09/2010 |
Limit, increase |
|
|
||||
|
16/09/2010 |
Annual account, new |
|
|
||||
|
03/09/2010 |
Annual report (PDF), new |
|
|
||||
Status History
No
status history events for this company Profit and Loss
|
|
|
|||||
|
Financial
Year |
2013 |
2012 |
2011 |
||||
|
Number
of Weeks |
52 |
52 |
52 |
||||
|
Currency |
SEK |
SEK |
SEK |
||||
|
Consolidated
Accounts |
No |
No |
No |
||||
|
Revenue |
153.870.000 |
140.038.000 |
128.317.000 |
||||
|
Operating
Costs |
153.290.000 |
139.335.000 |
127.533.000 |
||||
|
Operating
Profit |
580.000 |
703.000 |
784.000 |
||||
|
Wages
& Salaries |
-4.718.000 |
-2.857.000 |
-4.365.000 |
||||
|
Depreciation |
-148.000 |
-141.000 |
-583.000 |
||||
|
Financial
Income |
0 |
7.000 |
320.000 |
||||
|
Financial
Expenses |
-144.000 |
-276.000 |
-618.000 |
||||
|
Extraordinary
Income |
0 |
0 |
0 |
||||
|
Extraordinary
Costs |
0 |
0 |
0 |
||||
|
Profit
before Tax |
436.000 |
433.000 |
486.000 |
||||
|
Tax |
-92.000 |
-94.000 |
-115.000 |
||||
|
Profit
after Tax |
344.000 |
339.000 |
371.000 |
||||
|
Minority
Interests |
0 |
0 |
0 |
||||
|
Other
Appropriations |
-55.000 |
-114.000 |
-146.000 |
||||
|
Retained
Profit |
289.000 |
225.000 |
225.000 |
||||
Balance Sheet
|
|||||||
|
Financial
Year |
2013 |
2012 |
2011 |
||||
|
Number
of Weeks |
52 |
52 |
52 |
||||
|
Currency |
SEK |
SEK |
SEK |
||||
|
Consolidated
Accounts |
No |
No |
No |
||||
|
Land
& Buildings |
0 |
0 |
0 |
||||
|
Plant
& Machinery |
156.000 |
236.000 |
136.000 |
||||
|
Other
Tangible Assets |
0 |
0 |
0 |
||||
|
Total
Tangible Assets |
156.000 |
236.000 |
136.000 |
||||
|
Goodwill |
0 |
0 |
0 |
||||
|
Other
Intangible Assets |
310.000 |
0 |
42.000 |
||||
|
Total
Intangible Assets |
310.000 |
0 |
42.000 |
||||
|
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 |
465.000 |
236.000 |
178.000 |
||||
|
Work
In Progress |
0 |
0 |
0 |
||||
|
Other
Inventories |
0 |
253.000 |
0 |
||||
|
Total
Inventories |
0 |
253.000 |
0 |
||||
|
Trade
Receivables |
6.038.000 |
14.919.000 |
20.585.000 |
||||
|
Group
Receivables |
0 |
0 |
0 |
||||
|
Miscellaneous
Receivables |
551.000 |
1.309.000 |
1.626.000 |
||||
|
Total
Receivables |
6.589.000 |
16.228.000 |
22.211.000 |
||||
|
Cash |
4.764.000 |
276.000 |
21.000 |
||||
|
Other
Current Assets |
0 |
0 |
0 |
||||
|
TOTAL
CURRENT ASSETS |
11.352.000 |
16.756.000 |
22.232.000 |
||||
|
TOTAL
ASSETS |
11.818.000 |
16.992.000 |
22.410.000 |
||||
|
Trade
Payables |
3.048.000 |
3.129.000 |
3.294.000 |
||||
|
Bank
Liabilities |
0 |
3.676.000 |
12.519.000 |
||||
|
Group
Payables |
2.850.000 |
3.080.000 |
0 |
||||
|
Miscellaneous
Liabilities |
1.204.000 |
2.735.000 |
2.564.000 |
||||
|
TOTAL
CURRENT LIABILITIES |
7.102.000 |
12.620.000 |
18.377.000 |
||||
|
Bank
Liabilities Due After 1 Year |
0 |
0 |
0 |
||||
|
Other
Loans Or Finance Due After 1 Year |
0 |
0 |
0 |
||||
|
Group
Payables Due After 1 Year |
0 |
0 |
0 |
||||
|
Miscellaneous
Liabilities Due After 1 Year |
562.000 |
507.000 |
392.000 |
||||
|
TOTAL
LONG TERM LIABILITIES |
562.000 |
507.000 |
392.000 |
||||
|
TOTAL
LIABILITIES |
7.664.000 |
13.127.000 |
18.770.000 |
||||
|
Called
Up Share Capital |
100.000 |
100.000 |
100.000 |
||||
|
Share Premium |
|
0 |
0 |
0 |
|||
|
Revenue Reserves |
|
4.054.000 |
3.765.000 |
3.540.000 |
|||
|
Other Reserves |
|
0 |
0 |
0 |
|||
|
TOTAL SHAREHOLDERS
EQUITY |
|
4.154.000 |
3.865.000 |
3.640.000 |
|||
Other Financials
|
|
||||||
|
Contingent
Liabilities |
|
0 |
0 |
0 |
|||
|
Working Capital |
|
4.250.000 |
4.136.000 |
3.855.000 |
|||
|
Net Worth |
|
3.844.000 |
3.865.000 |
3.598.000 |
|||
|
Ratios |
|
|
|
|
|||
|
Pre-Tax Profit
Margin |
|
0.28
% |
0.31 % |
0.38 % |
|||
|
Return On Capital
Employed |
|
2.30
% |
1.46 % |
1.19 % |
|||
|
Return On Total
Assets Employed |
|
3.69
% |
2.55 % |
2.17 % |
|||
|
Return On Net
Assets Employed |
|
10.50
% |
11.20 % |
13.35 % |
|||
|
Sales/Net Working
Capital |
|
36.20 |
33.86 |
33.29 |
|||
|
Stock Turnover
Ratio |
|
0 |
0.18 % |
0 |
|||
|
Debtor Days |
|
14.32 |
38.89 |
58.55 |
|||
|
Creditor Days |
|
7.23 |
8.16 |
9.37 |
|||
|
Current Ratio |
|
1.60 |
1.33 |
1.21 |
|||
|
Liquidity
Ratio/Acid Test |
|
1.60 |
1.31 |
1.21 |
|||
|
Current Debt Ratio |
|
1.71 |
3.27 |
5.05 |
|||
|
Gearing |
|
0 |
95.11 % |
343.93 % |
|||
|
Equity In
Percentage |
|
36.10
% |
22.75 % |
16.27 % |
|||
|
Total Debt Ratio |
|
1.84 |
3.40 |
5.16 |
|||
Share Capital Structure
Issued Share
Capital 100.000 SEK |
|||||||
No shareholders data for this company.
|
Name |
Appointment
Date |
Position |
|
|
Gustav
Mogens Janowsky |
02/10/2006 |
Actual Member of Board |
|
|
James
Robert Andersson |
02/10/2006 |
Actual Member of Board |
|
|
Jonas
Magnus Simon Janowsky |
02/10/2006 |
Actual Member of Board |
|
|
Mikael
Magnus Peter Janowsky |
02/10/2006 |
Actual Member of Board |
|
|
Rolf
Mikael Ahlqvist |
02/10/2006 |
Actual Member of Board |
|
|
Previous Directors Name |
Appointment
Date |
Position |
Resignation Date |
|
Lars
Henry Andersson |
02/10/2006 |
Actual
Member of Board |
25/11/2013 |
|
Claes
Peter Ahlqvist |
02/10/2006 |
Actual
Member of Board |
06/09/2012 |
|
Jens
Alfredo Andersson |
02/10/2006 |
Actual
Member of Board |
06/09/2012 |
No group structure for this company
|
Debt Balance |
|
|
Currency |
SEK |
|
Number Of Private
Claims |
0 |
|
Balance Of Private
Claims |
0 |
|
Number Of Public
Claims |
0 |
|
Balance Of Public
Claims |
0 |
|
Total Balance |
0 |
|
Record of Non
Payment |
|
|
Number Of Distraint
Or Repossessions |
0 |
|
Number Of Public Claims |
0 |
|
Number Of Private
Claims |
0 |
|
Number Of
Applications |
0 |
|
Number Of Revoked
Applications |
0 |
|
Latest Public Claim |
|
|
No
Latest Public Claim for this company. |
|
Debt Balance Latest
Private
Claim
No Latest Private Claim
for this company
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.19 |
|
|
1 |
Rs.94.94 |
|
Euro |
1 |
Rs.67.56 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
ASH |
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.