|
Report No. : |
354647 |
|
Report Date : |
14.12.2015 |
IDENTIFICATION DETAILS
|
Name : |
HAPPY SOCKS AB |
|
|
|
|
Registered Office : |
Kungsgatan 12-14, 11135 Stockholm |
|
|
|
|
Country : |
Sweden |
|
|
|
|
Financials (as on) : |
2015 |
|
|
|
|
Date of Incorporation : |
03.03.2006 |
|
|
|
|
Com. Reg. No.: |
5567530349 |
|
|
|
|
Legal Form : |
Limited liability company |
|
|
|
|
Line of Business : |
|
|
|
|
|
No. of Employee : |
39 |
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 : |
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 – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
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. Sweden remains outside the Eurozone because of concerns over its impact on the country’s economy, welfare system, 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. Agriculture accounts for less than 1% of GDP. Economic growth slowed in 2013, as a result of continued economic weakness in the EU - Sweden’s main export market; however, Sweden’s economy experienced modest growth in 2014, with an adjusted real GDP growth that averaged 2.1%. Sweden’s economy is expected to grow modestly in 2015, although the country continues to struggle with deflationary pressure.
|
Source
: CIA |
Company
Summary
|
|
|
Business Name |
Happy
Socks AB |
|
Country |
SWEDEN |
|
Company Registration Number |
5567530349 |
|
Activity Code |
46420 |
|
Activity Description |
Wholesale of clothing and footwear |
|
Company Status |
Active (Active) |
|
Latest Turnover Figure |
8.633.000 SEK |
|
Latest Shareholder Equity Figure |
10.920.000 SEK |
Basic
Information
|
|
|
Business Name |
Happy Socks AB |
|
Registered Company Name |
Happy Socks AB |
|
Company Registration Number |
5567530349 |
|
Country |
SWEDEN |
|
VAT Registration Number |
SE556753034901 |
|
Date of Company Registration |
03/03/2008 |
|
Legal Form |
Limited liability company |
|
Company Status |
Active (Active) |
|
Currency of this Report |
SEK |
|
Principal Activity Code |
No code |
|
Principal Activity Description |
Bolaget ska, nationellt och internationellt, bedriva design,
tillverkning och försäljning av kläder samt därmed |
|
|
förenlig verksamhet. |
|
Contact Address |
Kungsgatan 12-14, 11135 STOCKHOLM |
|
Contact Telephone Number |
|
Main
Address
|
|
|
Address |
Kungsgatan 12-14, 11135 STOCKHOLM |
|
Country |
SWEDEN |
|
Telephone |
|
|
Address |
Country |
|
Address |
Mäster Samuelsgatan 9, 11144 |
|
Country |
SWEDEN |
Activities
|
|
|
Activity
Code |
Activity
Description |
|
46420 |
Wholesale of clothing and footwear |
|
47912 |
Retail sale of clothing via mail order houses or via Internet |
|
47711 |
Retail sale of men''s, women''s and children''s clothing in
specialised stores |
No email addresses for this company
No websites for this company
|
Year |
Number of Employees |
|
|
2015 |
39 |
|
|
2014 |
33 |
|
|
2013 |
29 |
|
|
2012 |
20 |
|
|
2011 |
12 |
|
Advisors
|
|
|
|
Auditor Name |
Per Göran Mattis |
|
|
Registered for FTax |
Yes |
|
|
Registered for VAT |
Yes |
|
|
Registered for Employee Tax |
Yes |
|
|
Type |
Category |
Issuer |
|
No certificate information for this company |
|
|
|
|
|
|
|
Activity Code |
46420 |
|
|
Activity Description |
Wholesale of clothing and footwear |
|
|
Event
Date |
Event
Description |
|
Event Date |
Event Description |
|
27/11/2015 |
Group Structure Change |
|
30/07/2015 |
Authorised signatories amended or new/amended vacancy text |
|
30/07/2015 |
Company representatives, changed |
|
09/07/2015 |
Limit, decrease |
|
09/07/2015 |
Annual account, new |
|
07/07/2015 |
Annual account, new |
|
07/07/2015 |
Limit, increase |
|
02/07/2015 |
Annual report (PDF), new |
|
30/06/2015 |
Annual report (PDF), new |
|
21/03/2015 |
Address, changed |
|
11/02/2015 |
Authorised signatories amended or new/amended vacancy text |
|
11/02/2015 |
Company representatives, changed |
|
29/01/2015 |
Company representatives, changed |
|
29/01/2015 |
Authorised signatories amended or new/amended vacancy text |
|
15/01/2015 |
Share capital, new issue |
|
18/09/2014 |
Limit, increase |
|
23/05/2014 |
Annual account, new |
|
19/05/2014 |
Annual report (PDF), new |
|
07/04/2014 |
Annual account, new |
|
07/04/2014 |
Limit, increase |
|
01/04/2014 |
Annual report (PDF), new |
|
05/11/2013 |
Phone number, removed |
|
27/09/2013 |
Limit, increase |
|
27/09/2013 |
Company representatives, changed |
|
27/09/2013 |
Authorised signatories amended or new/amended vacancy text |
|
10/09/2013 |
Phone number, new |
|
14/06/2013 |
Annual account, new |
|
11/06/2013 |
Annual report (PDF), new |
|
05/03/2013 |
Phone number, removed |
|
05/12/2012 |
Address, changed |
|
04/12/2012 |
Phone number, changed |
|
28/08/2012 |
Annual account, new |
|
09/08/2012 |
Annual report (PDF), new |
|
13/01/2012 |
Limit, decrease |
|
13/01/2012 |
Authorised signatories amended or new/amended vacancy text |
|
13/01/2012 |
Company representatives, changed |
|
13/01/2012 |
Board, changed |
|
29/03/2011 |
Phone number, changed |
|
20/01/2011 |
Phone number, changed |
|
18/12/2010 |
Board, changed |
|
18/12/2010 |
Company representatives, changed |
|
18/12/2010 |
Authorised signatories amended or new/amended vacancy text |
No status history events for this company
|
Financial
Year |
2015 |
2014 |
2013 |
|
Number
of Weeks |
4 |
52 |
52 |
|
Currency |
SEK |
SEK |
SEK |
|
Consolidated
Accounts |
No |
No |
No |
|
Revenue |
8.633.000 |
126.097.000 |
80.867.000 |
|
Operating Costs |
9.028.000 |
105.735.000 |
67.792.000 |
|
Operating Profit |
-395.000 |
20.362.000 |
13.075.000 |
|
Wages & Salaries |
-2.186.000 |
-20.679.000 |
-15.874.000 |
|
Depreciation |
-67.000 |
-631.000 |
-427.000 |
|
Financial Income |
7.000 |
29.000 |
24.000 |
|
Financial Expenses |
-7.000 |
-226.000 |
-188.000 |
|
Extraordinary Income |
- |
- |
- |
|
Extraordinary Costs |
- |
- |
- |
|
Profit before Tax |
-395.000 |
20.165.000 |
12.910.000 |
|
Tax |
-47.000 |
-3.379.000 |
-2.128.000 |
|
Profit after Tax |
-442.000 |
16.786.000 |
10.782.000 |
|
Minority Interests |
- |
- |
- |
|
Other Appropriations |
445.000 |
-5.269.000 |
-3.477.000 |
|
Retained Profit |
3.000 |
11.517.000 |
7.305.000 |
|
Financial
Year |
2015 |
2014 |
2013 |
|
Number
of Weeks |
4 |
52 |
52 |
|
Currency |
SEK |
SEK |
SEK |
|
Consolidated
Accounts |
No |
No |
No |
|
Land & Buildings |
- |
- |
- |
|
Plant & Machinery |
- |
- |
- |
|
Other Tangible Assets |
209.000 |
219.000 |
147.000 |
|
Total Tangible Assets |
209.000 |
219.000 |
147.000 |
|
Goodwill |
- |
- |
- |
|
Other Intangible Assets |
2.302.000 |
2.244.000 |
1.365.000 |
|
Total Intangible Assets |
2.302.000 |
2.244.000 |
1.365.000 |
|
Loans To Group |
- |
- |
- |
|
Other Loans |
- |
- |
- |
|
Miscellaneous Fixed Assets |
505.000 |
505.000 |
78.000 |
|
Total Other Fixed Assets |
505.000 |
505.000 |
78.000 |
|
TOTAL FIXED ASSETS |
3.016.000 |
2.968.000 |
1.590.000 |
|
Work In Progress |
- |
- |
- |
|
Other Inventories |
15.386.000 |
15.894.000 |
8.829.000 |
|
Total Inventories |
15.386.000 |
15.894.000 |
8.829.000 |
|
Trade Receivables |
16.887.000 |
23.000.000 |
13.843.000 |
|
Group Receivables |
- |
- |
- |
|
Miscellaneous Receivables |
13.667.000 |
13.825.000 |
10.689.000 |
|
Total Receivables |
30.554.000 |
36.825.000 |
24.532.000 |
|
Cash |
5.159.000 |
8.812.000 |
11.818.000 |
|
Other Current Assets |
- |
- |
- |
|
TOTAL CURRENT ASSETS |
51.099.000 |
61.531.000 |
45.178.000 |
|
TOTAL ASSETS |
54.116.000 |
64.499.000 |
46.769.000 |
|
Trade Payables |
4.402.000 |
11.720.000 |
9.469.000 |
|
Bank Liabilities |
- |
- |
900.000 |
|
Group Payables |
- |
- |
- |
|
Miscellaneous Liabilities |
29.256.000 |
28.695.000 |
22.102.000 |
|
TOTAL CURRENT LIABILITIES |
33.658.000 |
40.415.000 |
32.471.000 |
|
Bank Liabilities Due After 1 Year |
- |
- |
- |
|
Other Loans Or Finance Due After 1 Year |
- |
- |
- |
|
Group Payables Due After 1 Year |
- |
- |
- |
|
Miscellaneous Liabilities Due After 1 Year |
9.538.000 |
9.983.000 |
4.714.000 |
|
TOTAL LONG TERM LIABILITIES |
9.538.000 |
9.983.000 |
4.714.000 |
|
TOTAL LIABILITIES |
43.196.000 |
50.398.000 |
37.185.000 |
|
Called Up Share Capital |
100.000 |
100.000 |
100.000 |
|
Share Premium |
- |
- |
- |
|
Revenue Reserves |
10.819.000 |
14.001.000 |
9.484.000 |
|
Other Reserves |
1.000 |
- |
- |
|
TOTAL SHAREHOLDERS EQUITY |
10.920.000 |
14.101.000 |
9.584.000 |
|
Contingent Liabilities |
- |
- |
- |
|
Working Capital |
17.441.000 |
21.116.000 |
12.707.000 |
|
Net Worth |
8.618.000 |
11.857.000 |
8.219.000 |
|
Pre-Tax Profit Margin |
-4.58 % |
15.99 % |
15.96 % |
|
Return On Capital Employed |
-0.45 % |
19.22 % |
16.29 % |
|
Return On Total Assets Employed |
-0.73 % |
31.26 % |
27.60 % |
|
Return On Net Assets Employed |
-3.62 % |
143.00
% |
134.70
% |
|
Sales/Net Working Capital |
0.49 |
5.97 |
6.36 |
|
Stock Turnover Ratio |
178.22
% |
12.60 % |
10.92 % |
|
Debtor Days |
713.98 |
66.58 |
62.48 |
|
Creditor Days |
186.11 |
33.92 |
42.74 |
|
Current Ratio |
1.52 |
1.52 |
1.39 |
|
Liquidity Ratio/Acid Test |
1.06 |
1.13 |
1.12 |
|
Current Debt Ratio |
3.08 |
2.87 |
3.39 |
|
Gearing |
0 |
0 |
9.39 % |
|
Equity In Percentage |
21.28 % |
22.84 % |
21.15 % |
|
Total Debt Ratio |
3.96 |
3.57 |
3.88 |
Shareholders
|
|
|
|
|
No shareholders data for this company. |
|
|
|
|
Name |
Appointment Date |
Position |
|
|
Jonas Eduard Meerits |
28/01/2015 |
Actual Member of Board |
|
|
Mikael Frank Söderlindh |
28/01/2015 |
Substitute |
|
|
Oweson, Fredrik Eugen |
28/01/2015 |
Actual Member of Board |
|
|
Jens-Leo Hubertus Berlips |
26/06/2009 |
Actual Member of Board |
|
|
Mathias Jesper Eric Berggren |
30/08/2008 |
Actual Member of Board |
|
|
Johanna Sofia Von Schéele |
28/01/2015 |
Substitute |
|
|
Name |
Appointment
Date |
Position |
Resignation
Date |
|
Jonas Fredrik Mårtensson |
26/09/2013 |
Actual Member of Board |
28/01/2015 |
|
Mikael Frank Söderlindh |
30/04/2008 |
Actual Member of Board |
28/01/2015 |
|
Jens-Leo Hubertus Berlips |
29/04/2010 |
Chairman of Board |
28/01/2015 |
|
Name |
Appointment Date |
Position |
Resignation Date |
|
Robert-Valentino Jonas Tranquilli |
30/08/2008 |
Actual Member of Board |
26/09/2013 |
|
Sophia Evelina Bendz |
17/12/2010 |
Actual Member of Board |
12/01/2012 |
|
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.
Latest
Private Claim
No Latest Private Claim for this company.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.79 |
|
|
1 |
Rs.101.10 |
|
Euro |
1 |
Rs.73.10 |
|
SEK |
1 |
Rs,7.88 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
KAS |
|
|
|
|
Report Prepared
by : |
TRU |
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.