|
Report No. : |
326265 |
|
Report Date : |
10.06.2015 |
IDENTIFICATION DETAILS
|
Name : |
CONSORTIO FASHION GROUP AKTIEBOLAG |
|
|
|
|
Registered Office : |
50187 Boras |
|
|
|
|
Country : |
Sweden |
|
|
|
|
Financials (as on) : |
2013 |
|
|
|
|
Date of Incorporation : |
13.03.1997 |
|
|
|
|
Com. Reg. No.: |
5565402152 |
|
|
|
|
Legal Form : |
Limited liability company |
|
|
|
|
Line of Business : |
The Subject owns and manages shares in subsidiaries, verksammma
in fashion and clothing as well as perform services within the group. [We tried to confirm / obtain the detailed activity but the same is
not available from any sources] |
|
|
|
|
No. of Employee : |
192 |
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 – 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. In September
2003, Swedish voters voted against a referendum on euro zone entry 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; the engineering sector accounts for
about 50% of output and exports. Agriculture accounts for little more than 1%
of GDP and employment. Until 2008, Sweden was in the midst of a sustained economic
upswing, boosted by increased domestic demand and strong exports. Despite sound
public finances, the Swedish economy slid into recession in the third quarter
of 2008 and the contraction continued into 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 slowed in 2013, as a result of continued economic weakness in
the EU - Sweden’s main export market – and remained weak in 2014.
|
Source
: CIA |
|
Business Name |
CONSORTIO FASHION GROUP AKTIEBOLAG |
|
Country |
SWEDEN |
|
Company Registration Number |
5565402152 |
|
Activity Code |
70220 |
|
Activity Description |
Business and other management consultancy activities |
|
Company Status |
Active (Active) |
|
Latest Turnover Figure |
318.731.000 SEK |
|
Latest Shareholder Equity Figure |
258.499.000 SEK |
|
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 (Active) |
|
Currency of this Report |
SEK |
|
Principal Activity Code |
No code |
|
Principal Activity Description |
The Company owns and manages shares in subsidiaries,
verksammma in fashion and clothing as well as perform services within the group. |
|
Contact Address |
50187 BORÅS |
|
Contact Telephone Number |
033-173000 |
|
Main
Address |
|
|
Address |
50187 BORÅS |
|
Country |
SWEDEN |
|
Telephone |
033-173000 |
|
Address |
Country |
|
No other addresses for this company |
|
|
Activities |
|
|
Activity Code |
Activity Description |
|
70220 |
Business and other management consultancy activities |
Email
Addresses
No email addresses for this company
Web
Pages
No websites for this company
|
Year |
Number of Employees |
|
|
2013 |
192 |
|
|
2012 |
175 |
|
|
2011 |
108 |
|
|
2010 |
0 |
|
|
2009 |
0 |
|
|
Auditor
Name |
PricewaterhouseCoopers
AB |
|
|
Tax Registrations |
|
|
|
Registered for FTax |
Yes |
|
|
Registered for VAT |
Yes |
|
|
Registered for Employee Tax |
Yes |
|
|
Type |
Category |
Issuer |
|
No certificate information for this company |
|
|
|
Industry Comparison |
|
|
|
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
Date |
Event
Description |
|
18/08/2014 |
Group Structure Change |
|
15/08/2014 |
Group Structure Change |
|
06/08/2014 |
Annual account, new |
|
06/08/2014 |
Group annual accout, new |
|
31/07/2014 |
Annual report (PDF), new |
|
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 |
Annual account, new |
|
01/08/2013 |
Limit, increase |
|
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 |
Authorised signatories amended or new/amended vacancy
text |
|
28/05/2013 |
Company representatives, changed |
|
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 |
Board, changed |
|
01/07/2012 |
Authorised signatories amended or new/amended vacancy
text |
|
01/07/2012 |
Company representatives, changed |
|
08/02/2012 |
Company representatives, changed |
|
08/02/2012 |
Authorised signatories amended or new/amended vacancy
text |
|
08/02/2012 |
Board, changed |
|
10/08/2011 |
Address, changed |
|
10/08/2011 |
Authorised signatories amended or new/amended vacancy
text |
|
10/08/2011 |
Board, changed |
|
10/08/2011 |
Company representatives, changed |
|
28/07/2011 |
Annual account, new |
|
28/07/2011 |
Group annual accout, 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 business activity, changed |
|
01/03/2011 |
Authorised signatories amended or new/amended vacancy
text |
|
01/03/2011 |
Company name, changed (old name: Halens Holding AB) |
|
01/03/2011 |
Board, changed |
|
01/03/2011 |
Company representatives, changed |
|
19/08/2010 |
Board, changed |
|
|
|
19/08/2010 |
Company representatives, changed |
|
|
|
19/08/2010 |
Authorised signatory, changed |
|
|
|
08/06/2010 |
Company representatives, changed |
|
|
|
08/06/2010 |
Board, changed |
|
|
|
08/06/2010 |
Authorised signatory, changed |
|
|
|
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 |
318.731.000 |
284.819.000 |
66.843.000 |
|
Operating Costs |
334.476.000 |
275.395.000 |
57.269.000 |
|
Operating Profit |
-15.745.000 |
9.424.000 |
9.574.000 |
|
Wages & Salaries |
-100.809.000 |
-82.540.000 |
-51.896.000 |
|
Depreciation |
-1.701.000 |
-611.000 |
- |
|
Financial Income |
927.000 |
3.173.000 |
4.872.000 |
|
Financial Expenses |
-1.787.000 |
-2.646.000 |
-1.409.000 |
|
Extraordinary Income |
- |
- |
- |
|
Extraordinary Costs |
- |
- |
- |
|
Profit before Tax |
-22.786.000 |
10.980.000 |
13.037.000 |
|
Tax |
5.373.000 |
-2.632.000 |
-3.439.000 |
|
Profit after Tax |
-17.413.000 |
8.348.000 |
9.598.000 |
|
Minority Interests |
- |
- |
- |
|
Other Appropriations |
-8.051.000 |
- |
- |
|
Retained Profit |
-25.464.000 |
8.348.000 |
9.598.000 |
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 |
3.147.000 |
496.000 |
- |
|
||
|
Total Tangible Assets |
3.147.000 |
496.000 |
- |
|
||
|
Goodwill |
- |
- |
- |
|
||
|
Other Intangible Assets |
31.176.000 |
19.238.000 |
13.138.000 |
|
||
|
Total Intangible Assets |
31.176.000 |
19.238.000 |
13.138.000 |
|
||
|
Loans To Group |
- |
- |
- |
|
||
|
Other Loans |
- |
- |
- |
|||
|
Miscellaneous Fixed Assets |
350.434.000 |
323.728.000 |
322.949.000 |
|||
|
Total Other Fixed Assets |
350.434.000 |
323.728.000 |
322.949.000 |
|||
|
TOTAL FIXED ASSETS |
384.757.000 |
343.462.000 |
336.087.000 |
|||
|
Work In Progress |
- |
- |
- |
|||
|
Other Inventories |
25.426.000 |
28.778.000 |
23.047.000 |
|||
|
Total Inventories |
25.426.000 |
28.778.000 |
23.047.000 |
|||
|
Trade Receivables |
2.000 |
- |
- |
|||
|
Group Receivables |
54.816.000 |
48.507.000 |
170.061.000 |
|||
|
Miscellaneous Receivables |
4.682.000 |
9.268.000 |
5.805.000 |
|||
|
Total Receivables |
59.500.000 |
57.775.000 |
175.866.000 |
|||
|
Cash |
24.000 |
12.000 |
9.000 |
|||
|
Other Current Assets |
- |
- |
- |
|||
|
TOTAL CURRENT ASSETS |
84.950.000 |
86.565.000 |
198.922.000 |
|||
|
TOTAL ASSETS |
469.707.000 |
430.027.000 |
535.009.000 |
|||
|
Trade Payables |
16.439.000 |
18.684.000 |
2.710.000 |
|||
|
Bank Liabilities |
- |
- |
- |
|||
|
Group Payables |
83.918.000 |
66.523.000 |
148.455.000 |
|||
|
Miscellaneous Liabilities |
31.625.000 |
22.212.000 |
17.382.000 |
|||
|
TOTAL CURRENT LIABILITIES |
131.982.000 |
107.419.000 |
168.547.000 |
|||
|
Bank Liabilities Due After 1 Year |
71.084.000 |
76.537.000 |
121.364.000 |
|||
|
Other Loans Or Finance Due After 1 Year |
- |
- |
- |
|||
|
Group Payables Due After 1 Year |
- |
- |
- |
|||
|
Miscellaneous Liabilities Due After 1 Year |
8.142.000 |
- |
- |
|||
|
TOTAL LONG TERM LIABILITIES |
79.226.000 |
76.537.000 |
121.364.000 |
|||
|
TOTAL LIABILITIES |
211.208.000 |
183.956.000 |
289.911.000 |
|||
|
Called Up Share Capital |
100.000 |
100.000 |
100.000 |
|||
|
Share Premium |
- |
- |
- |
|||
|
Revenue Reserves |
220.487.000 |
253.326.000 |
234.616.000 |
|||
|
Other Reserves |
37.912.000 |
-7.355.000 |
10.382.000 |
|||
|
TOTAL SHAREHOLDERS EQUITY |
258.499.000 |
246.071.000 |
245.098.000 |
|||
Other Financials
|
Contingent Liabilities |
7.001.000 |
- |
- |
|
Working Capital |
-47.032.000 |
-20.854.000 |
30.375.000 |
|
Net Worth |
227.323.000 |
226.833.000 |
231.960.000 |
Ratios
|
Pre-Tax Profit Margin |
-7.15 % |
3.86 % |
19.50 % |
|
Return On Capital Employed |
-3.79 % |
2.04 % |
1.85 % |
|
Return On Total Assets Employed |
-4.85 % |
2.55 % |
2.44 % |
|
Return On Net Assets Employed |
-8.81 % |
4.46 % |
5.32 % |
|
Sales/Net Working Capital |
-6.78 |
-13.66 |
2.20 |
|
Stock Turnover Ratio |
7.98 % |
10.10 % |
34.48 % |
|
Debtor Days |
0.00 |
0.00 |
0.00 |
|
Creditor Days |
18.83 |
23.94 |
14.80 |
|
Current Ratio |
0.64 |
0.81 |
1.18 |
|
Liquidity Ratio/Acid Test |
0.45 |
0.54 |
1.04 |
|
Current Debt Ratio |
0.51 |
0.44 |
0.69 |
|
Gearing |
27.50 % |
31.10 % |
49.52 % |
|
Equity In Percentage |
293.43 % |
282.64 % |
123.21 % |
|
Total Debt Ratio |
0.82 |
0.75 |
1.18 |
|
Issued Share Capital |
100.000 SEK |
|
Shareholders
|
No shareholders data for this company. |
|
|
Current Directors
|
Name |
Appointment
Date |
Position |
|
Paul Ivar Källenius |
29/06/2012 |
Chairman of Board |
|
Anna Ingrid Charlotta Tångstedt |
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 Karlström |
09/08/2011 |
Substitute |
25/05/2013 |
|
Margareta Meta Persdotter |
25/04/2008 |
Actual Member of Board |
29/06/2012 |
|
Lennart Christer Ivan Jeansson |
12/11/2007 |
Chairman of Board |
29/06/2012 |
|
Kent Lennart Bäck |
18/01/2008 |
Actual Member of Board |
09/08/2011 |
|
Tommy Fredrik Abrahamsson |
18/01/2008 |
Substitute |
09/08/2011 |
|
John Robert Hong-Yuhl Gyll |
27/08/2007 |
Substitute |
09/08/2011 |
|
Gunnar Axel Ryman |
06/04/1998 |
Managing Director |
28/02/2011 |
|
Ulf Robert Törnblom |
07/06/2010 |
Foreign Resident in the EEA |
18/08/2010 |
|
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.63.94 |
|
|
1 |
Rs.98.27 |
|
Euro |
1 |
Rs.72.37 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
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.