|
Report No. : |
343791 |
|
Report Date : |
03.10.2015 |
IDENTIFICATION DETAILS
|
Name : |
AFFARI AB |
|
|
|
|
Registered Office : |
C/O Affari AB, Klövervägen 20, 28350 OSBY |
|
|
|
|
Country : |
Sweden |
|
|
|
|
Financials (as on) : |
2014 |
|
|
|
|
Date of Incorporation : |
29.05.2000 |
|
|
|
|
Com. Reg. No.: |
5565921003 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
·
The
Company shall trade with paraffin candles, trading in shares and securities
and conduct related business. ·
Wholesale
of other household goods. |
|
|
|
|
No. of Employees : |
36 [2014] |
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 : |
-- |
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 |
Affari AB |
|
Country |
SWEDEN |
|
Company Registration Number |
5565921003 |
|
Activity Code |
46499 |
|
Activity Description |
Wholesale of other household goods n.e.c. |
|
Company Status |
Active (Active) |
|
Latest Turnover Figure |
47.072.000 SEK |
|
Latest Shareholder Equity Figure |
8.670.000 SEK |
|
|
|
Basic
Information
|
|
|
Business Name |
Affari AB |
|
Registered Company Name |
Affari AB |
|
Company Registration Number |
5565921003 |
|
Country |
SWEDEN |
|
VAT Registration Number |
SE556592100301 |
|
Date of Company Registration |
29/05/2000 |
|
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
trade with paraffin candles, trading in shares and securities and conduct
related business. |
|
Contact Address |
C/O Affari AB, Klövervägen 20, 28350 OSBY |
|
Contact Telephone Number |
0479-15555 |
|
|
|
Main
Address
|
|
|
Address |
C/O Affari AB, Klövervägen 20, 28350 OSBY |
|
Country |
SWEDEN |
|
Telephone |
0479-15555 |
|
Address |
Country |
|
No other
addresses for this company |
|
|
|
|
Activities
|
|
|
Activity Code |
Activity
Description |
|
46499 |
Wholesale of
other household goods n.e.c. |
|
32990 |
Other
manufacturing n.e.c. |
No email addresses for this company
www.affari.nu
|
Year |
Number of
Employees |
|
|
2014 |
36 |
|
|
2013 |
35 |
|
|
2012 |
32 |
|
|
2011 |
30 |
|
|
2010 |
29 |
|
|
|
|
|
Advisors
|
|
|
|
Auditor Name |
Bo Thomas
Axelsson |
|
|
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 |
46499 |
|
|
Activity Description |
Wholesale of other household goods n.e.c. |
|
Event
History
|
|
|
Event Date |
Event
Description |
|
03/06/2015 |
Authorized signatories amended or new/amended vacancy text |
|
03/06/2015 |
Company representatives, changed |
|
Event Date |
Event
Description |
|
05/01/2015 |
Group Structure Change |
|
22/12/2014 |
Group Structure Change |
|
12/12/2014 |
Annual account, new |
|
12/12/2014 |
Limit, decrease |
|
05/12/2014 |
Annual report (PDF), new |
|
01/04/2014 |
Limit, increase |
|
01/04/2014 |
Annual account, new |
|
26/03/2014 |
Annual report (PDF), new |
|
25/03/2014 |
Address, changed |
|
24/04/2013 |
Annual report (PDF), new |
|
23/04/2013 |
Annual report (PDF), new |
|
05/04/2013 |
Limit, increase |
|
05/04/2013 |
Annual account, new |
|
29/03/2013 |
Annual report (PDF), new |
|
10/04/2012 |
Annual account, new |
|
30/03/2012 |
Annual report (PDF), new |
|
16/05/2011 |
Annual account, new |
|
16/05/2011 |
Limit, increase |
|
01/04/2011 |
Annual report (PDF), new |
Status
History
|
|
No status history events for this company |
Profit
and Loss
|
|||
|
Financial Year |
2014 |
2013 |
2012 |
|
Number of Weeks |
26 |
52 |
52 |
|
Currency |
SEK |
SEK |
SEK |
|
Consolidated
Accounts |
No |
No |
No |
|
Revenue |
47.072.000 |
95.937.000 |
94.475.000 |
|
Operating Costs |
43.385.000 |
88.287.000 |
83.655.000 |
|
Operating Profit |
3.687.000 |
7.650.000 |
10.820.000 |
|
Wages & Salaries |
-9.742.000 |
-17.801.000 |
-15.675.000 |
|
Depreciation |
-231.000 |
-725.000 |
-877.000 |
|
Financial Income |
47.000 |
91.000 |
95.000 |
|
Financial Expenses |
-194.000 |
-391.000 |
-489.000 |
|
Extraordinary Income |
- |
- |
- |
|
Extraordinary Costs |
- |
- |
- |
|
Profit before Tax |
3.540.000 |
7.350.000 |
10.426.000 |
|
Tax |
-821.000 |
-1.424.000 |
-2.408.000 |
|
Profit after Tax |
2.719.000 |
5.926.000 |
8.018.000 |
|
Minority Interests |
- |
- |
- |
|
Other Appropriations |
42.000 |
-1.040.000 |
-1.414.000 |
|
Retained Profit |
2.761.000 |
4.886.000 |
6.604.000 |
|
Financial Year |
2014 |
2013 |
2012 |
|
Number of Weeks |
26 |
52 |
52 |
|
Currency |
SEK |
SEK |
SEK |
|
Consolidated Accounts |
No |
No |
No |
|
Land & Buildings |
- |
- |
- |
|
Plant & Machinery |
866.000 |
850.000 |
1.172.000 |
|
Other Tangible Assets |
- |
- |
- |
|
Total Tangible Assets |
866.000 |
850.000 |
1.172.000 |
|
Goodwill |
- |
- |
- |
|
Other Intangible Assets |
- |
- |
- |
|
Total Intangible Assets |
- |
- |
- |
|
Loans To Group |
- |
- |
- |
|
Other Loans |
- |
- |
- |
|
Miscellaneous Fixed Assets |
- |
- |
- |
|
Total Other Fixed Assets |
- |
- |
- |
|
TOTAL FIXED ASSETS |
866.000 |
850.000 |
1.172.000 |
|
Work In Progress |
- |
- |
- |
|
Other Inventories |
29.270.000 |
25.914.000 |
23.648.000 |
|
Total Inventories |
29.270.000 |
25.914.000 |
23.648.000 |
|
Trade Receivables |
6.736.000 |
11.684.000 |
14.904.000 |
|
Group Receivables |
- |
- |
- |
|
Miscellaneous Receivables |
3.065.000 |
2.401.000 |
1.264.000 |
|
Total Receivables |
9.801.000 |
14.085.000 |
16.168.000 |
|
Cash |
262.000 |
334.000 |
2.626.000 |
|
Other Current Assets |
- |
- |
- |
|
TOTAL CURRENT ASSETS |
39.333.000 |
40.333.000 |
42.442.000 |
|
TOTAL ASSETS |
40.199.000 |
41.183.000 |
43.614.000 |
|
Trade Payables |
5.003.000 |
3.831.000 |
3.187.000 |
|
Bank Liabilities |
52.000 |
4.628.000 |
- |
|
Group Payables |
517.000 |
- |
- |
|
Miscellaneous Liabilities |
13.402.000 |
4.479.000 |
12.108.000 |
|
TOTAL CURRENT LIABILITIES |
18.974.000 |
12.938.000 |
15.295.000 |
|
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 |
12.555.000 |
12.597.000 |
11.557.000 |
|
TOTAL LONG TERM LIABILITIES |
12.555.000 |
12.597.000 |
11.557.000 |
|
TOTAL LIABILITIES |
31.529.000 |
25.535.000 |
26.852.000 |
|
Called Up Share Capital |
300.000 |
300.000 |
300.000 |
|
Share Premium |
- |
- |
- |
|
Revenue Reserves |
8.310.000 |
15.288.000 |
16.402.000 |
|
Other Reserves |
60.000 |
60.000 |
60.000 |
|
TOTAL SHAREHOLDERS EQUITY |
8.670.000 |
15.648.000 |
16.762.000 |
|
Contingent Liabilities |
1.080.000 |
1.080.000 |
1.080.000 |
|
Working Capital |
20.359.000 |
27.395.000 |
27.147.000 |
|
Net Worth |
8.670.000 |
15.648.000 |
16.762.000 |
Ratios
|
|||
|
Pre-Tax Profit Margin |
7.52 % |
7.66 % |
11.04 % |
|
Return On Capital Employed |
5.98 % |
13.58 % |
17.70 % |
|
Return On Total Assets Employed |
8.81 % |
17.85 % |
23.91 % |
|
Return On Net Assets Employed |
40.83 % |
46.97 % |
62.20 % |
|
Sales/Net Working Capital |
2.31 |
3.50 |
3.48 |
|
Stock Turnover Ratio |
62.18 % |
27.01 % |
25.03 % |
|
Debtor Days |
52.23 |
44.45 |
57.58 |
|
Creditor Days |
38.79 |
14.58 |
12.31 |
|
Current Ratio |
2.07 |
3.12 |
2.77 |
|
Liquidity Ratio/Acid Test |
0.53 |
1.11 |
1.23 |
|
Current Debt Ratio |
2.19 |
0.83 |
0.91 |
|
Gearing |
0.60 % |
29.58 % |
0 |
|
Equity In Percentage |
21.57 % |
38.00 % |
38.43 % |
|
Total Debt Ratio |
3.64 |
1.63 |
1.60 |
Share
Capital Structure
|
|||
|
Issued Share Capital |
300.000 SEK |
|
|
|
|
|
|
|
Shareholders
|
|||
|
No shareholders data for this company. |
|
|
|
|
|
|
|
|
Current
Directors
|
|||
|
Name |
Appointment Date |
Position |
|
|
Roy Benny Joakim Nilsson |
02/06/2015 |
Actual Member of Board |
|
|
Palle Steen Jensen |
01/11/2003 |
Actual Member of Board |
|
|
Jan Alf Gunnar Lindstén |
01/11/2003 |
Actual Member of Board |
|
|
Jan Magnus Ranebo |
02/06/2015 |
Actual Member of Board |
|
|
|
|
|
|
Previous
Directors
|
|||
|
Name |
Appointment Date |
Position |
Resignation Date |
|
Ulf Bertil Jönsson |
01/11/2003 |
Actual Member of Board |
02/06/2015 |
|
Jan Alf Gunnar Lindstén |
01/11/2003 |
Chairman of Board |
02/06/2015 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.65.55 |
|
|
1 |
Rs.99.17 |
|
Euro |
1 |
Rs.73.08 |
INFORMATION DETAILS
|
Analysis Done by
: |
KIN |
|
|
|
|
Report Prepared
by : |
TPT |
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.