MIRA INFORM REPORT
|
Report No. : |
331836 |
|
Report Date : |
20.07.2015 |
IDENTIFICATION DETAILS
|
Name : |
HOUSE OF SAKI AB |
|
|
|
|
Registered Office : |
Box 510, 23326 SVEDALA |
|
|
|
|
Country : |
Sweden |
|
|
|
|
Financials (as on) : |
2013 |
|
|
|
|
Date of Incorporation : |
20.01.1987 |
|
|
|
|
Com. Reg. No.: |
5562912443 |
|
|
|
|
Legal Form : |
Limited liability company |
|
|
|
|
Line of Business : |
Subject is engaged in wholesale of clothing and footwear |
|
|
|
|
No. of Employee : |
35 (2013) |
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 with the 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 2.3%. Sweden’s economy is expected to grow modestly in 2015, although the country continues to struggle with deflationary pressure.
|
Source
: CIA |
Company
name
HOUSE OF SAKI AB
Company
Summary
|
|
|
Business Name |
HOUSE OF SAKI AB |
|
Country |
SWEDEN |
|
Company Registration Number |
5562912443 |
|
Activity Code |
46420 |
|
Activity Description |
Wholesale of clothing and footwear |
|
Company Status |
Active (Active) |
|
Latest Turnover Figure |
167.956.000 SEK |
|
Latest Shareholder Equity Figure |
27.757.000 SEK |
Basic
Information
|
|
|
Business Name |
House of SAKI AB |
|
Registered Company Name |
House of SAKI AB |
|
Company Registration Number |
5562912443 |
|
Country |
SWEDEN |
|
VAT Registration Number |
SE556291244301 |
|
Date of Company Registration |
20/01/1987 |
|
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 conduct trading and marketing of leather and
textile, leather and fur clothes and carry on compatible business |
|
Contact Address |
Box 510, 23326 SVEDALA |
|
Contact Telephone Number |
040-409750 |
Main
Address
|
|
|
Address |
Box 510, 23326 SVEDALA |
|
Country |
SWEDEN |
|
Telephone |
040-409750 |
Other
Addresses
|
Address |
Country |
|
No other addresses for this company |
|
Activities
|
|
|
Activity Code |
Activity Description |
|
46420 |
Wholesale of clothing and footwear |
Email
Addresses
No email addresses for this company
Web
Pages
www.saki.se
Employee
Information
|
Year |
Number of Employees |
|
|
2013 |
35 |
|
|
2012 |
31 |
|
|
2011 |
30 |
|
|
2010 |
30 |
|
|
2009 |
30 |
|
Advisors
|
|
|
|
Auditor Name |
Thomas Carl Bror Svenson |
|
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 |
46420 |
|
Activity Description |
Wholesale of clothing and footwear |
Event
History
|
|
|
|
Event Date |
Event Description |
|
|
24/07/2014 |
Group Structure Change |
|
|
10/07/2014 |
Group Structure Change |
|
|
09/07/2014 |
Group annual accout, new |
|
|
Event Date |
Event Description |
|
|
09/07/2014 |
Annual account |
|
|
03/07/2014 |
Annual report |
|
|
25/07/2013 |
Annual account, |
|
|
25/07/2013 |
Group annual accout, |
|
|
15/07/2013 |
Group Structure Change |
|
|
12/07/2013 |
Group Structure Change |
|
|
05/07/2013 |
Authorised signatories amended or new/amended vacancy text |
|
|
05/07/2013 |
Company representatives, changed |
|
|
05/07/2013 |
Company name, changed (old name: SAKI Aktiebolag) |
|
|
05/07/2013 |
Annual report |
|
|
11/06/2012 |
Annual account |
|
|
11/06/2012 |
Limit, increase |
|
|
11/06/2012 |
Group annual accout |
|
|
05/06/2012 |
Annual report |
|
|
29/06/2011 |
Annual account |
|
|
29/06/2011 |
Limit, decrease |
|
|
29/06/2011 |
Group annual accout |
|
|
22/06/2011 |
Annual report |
|
|
29/03/2011 |
Fax number, removed |
|
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 |
168.651.000 |
164.506.000 |
190.482.000 |
|
Operating Costs |
168.715.000 |
165.556.000 |
185.868.000 |
|
Operating Profit |
-64.000 |
-1.050.000 |
4.614.000 |
|
Financial Income |
122.000 |
196.000 |
111.000 |
|
Financial Expenses |
-467.000 |
-357.000 |
-521.000 |
|
Extraordinary Income |
- |
- |
- |
|
Extraordinary Costs |
- |
- |
- |
|
Profit before Tax |
-409.000 |
-1.211.000 |
4.204.000 |
|
Tax |
-172.000 |
-529.000 |
-1.142.000 |
|
Profit after Tax |
-581.000 |
-1.740.000 |
3.062.000 |
|
Minority Interests |
- |
- |
- |
|
Other Appropriations |
945.000 |
2.762.000 |
-460.000 |
|
Retained Profit |
364.000 |
1.022.000 |
2.602.000 |
Balance
Sheet
|
|||
|
Financial Year |
2013 |
2012 |
2011 |
|
Number
of Weeks |
52 |
52 |
52 |
|
Currency |
SEK |
SEK |
SEK |
|
Consolidated
Accounts |
No |
No |
No |
|
Land
& Buildings |
- |
- |
- |
|
Plant
& Machinery |
- |
- |
- |
|
Other
Tangible Assets |
2.628.000 |
3.435.000 |
3.631.000 |
|
Total Tangible
Assets |
2.628.000 |
3.435.000 |
3.631.000 |
|
Goodwill |
- |
- |
- |
|
Other
Intangible Assets |
- |
- |
- |
|
Total
Intangible Assets |
- |
- |
- |
|
Loans To
Group |
- |
- |
- |
|
Other
Loans |
- |
- |
- |
|
Miscellaneous
Fixed Assets |
1.535.000 |
1.672.000 |
1.630.000 |
|
Total
Other Fixed Assets |
1.535.000 |
1.672.000 |
1.630.000 |
|
TOTAL
FIXED ASSETS |
4.163.000 |
5.107.000 |
5.261.000 |
|
Work In
Progress |
- |
- |
- |
|
Other
Inventories |
25.940.000 |
24.258.000 |
26.724.000 |
|
Total Inventories |
25.940.000 |
24.258.000 |
26.724.000 |
|
Trade
Receivables |
15.088.000 |
13.949.000 |
11.385.000 |
|
Group
Receivables |
6.532.000 |
5.544.000 |
5.310.000 |
|
Miscellaneous
Receivables |
6.983.000 |
6.798.000 |
5.384.000 |
|
Total
Receivables |
28.603.000 |
26.291.000 |
22.079.000 |
|
Cash |
1.642.000 |
4.757.000 |
3.422.000 |
|
Other
Current Assets |
- |
- |
- |
|
TOTAL
CURRENT ASSETS |
56.185.000 |
55.306.000 |
52.225.000 |
|
TOTAL
ASSETS |
60.348.000 |
60.413.000 |
57.486.000 |
|
Trade
Payables |
3.760.000 |
6.437.000 |
9.354.000 |
|
Bank
Liabilities |
- |
- |
- |
|
Group
Payables |
- |
- |
- |
|
Miscellaneous
Liabilities |
13.551.000 |
12.414.000 |
6.215.000 |
|
TOTAL
CURRENT LIABILITIES |
17.311.000 |
18.851.000 |
15.569.000 |
|
Bank Liabilities
Due After 1 Year |
11.760.000 |
8.991.000 |
7.280.000 |
|
Other
Loans Or Finance Due After 1 Year |
- |
- |
- |
|
Group
Payables Due After 1 Year |
- |
- |
- |
|
Miscellaneous
Liabilities Due After 1 Year |
3.520.000 |
5.178.000 |
8.266.000 |
|
TOTAL
LONG TERM LIABILITIES |
15.280.000 |
14.169.000 |
15.546.000 |
|
TOTAL
LIABILITIES |
32.591.000 |
33.020.000 |
31.115.000 |
|
Called
Up Share Capital |
100.000 |
100.000 |
100.000 |
|
Share
Premium |
- |
- |
- |
|
Revenue
Reserves |
27.637.000 |
27.273.000 |
26.251.000 |
|
Other
Reserves |
20.000 |
20.000 |
20.000 |
|
TOTAL
SHAREHOLDERS EQUITY |
27.757.000 |
27.393.000 |
26.371.000 |
Other
Financials
|
Contingent
Liabilities |
- |
22.000 |
884.000 |
|
38.874.000 |
36.455.000 |
36.656.000 |
|
|
Net
Worth |
27.757.000 |
27.393.000 |
26.371.000 |
Ratios
|
|
|
|
|
Pre-Tax Profit Margin |
-0.24 % |
-0.74 % |
2.21 % |
|
Return On Capital Employed |
-0.53 % |
-1.53 % |
5.75 % |
|
Return On Total Assets Employed |
-0.68 % |
-2.00 % |
7.31 % |
|
Return On Net Assets Employed |
-1.47 % |
-4.42 % |
15.94 % |
|
Sales/Net Working Capital |
4.34 |
4.51 |
5.20 |
|
Stock Turnover Ratio |
15.38 % |
14.75 % |
14.03 % |
|
Debtor Days |
32.65 |
30.95 |
21.82 |
|
Creditor Days |
8.14 |
14.28 |
17.92 |
|
Current Ratio |
3.25 |
2.93 |
3.35 |
|
Liquidity Ratio/Acid Test |
1.75 |
1.65 |
1.64 |
|
Current Debt Ratio |
0.62 |
0.69 |
0.59 |
|
Gearing |
42.37 % |
32.82 % |
27.61 % |
|
Equity In Percentage |
47.20 % |
46.63 % |
47.21 % |
|
Total Debt Ratio |
1.17 |
1.21 |
1.18 |
Share
Capital Structure
|
Issued Share Capital |
100.000 SEK |
Shareholders
No shareholders data for this company.
Current
Directors
|
Name |
Appointment Date |
Position |
|
Salomon Dahan |
29/06/2010 |
Chairman of Board |
|
Alexandra Berta Dahan |
04/07/2013 |
Actual Member of Board |
|
Ludvig Josefsberg |
29/06/2010 |
Actual Member of Board |
|
Gith Dahan |
20/01/1987 |
Substitute |
Negative
Information
|
|
|
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 |
4 |
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.63.49 |
|
UK Pound |
1 |
Rs.99.43 |
|
Euro |
1 |
Rs.69.14 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
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.