MIRA INFORM REPORT
|
Report No. : |
346893 |
|
Report Date : |
27.10.2015 |
IDENTIFICATION DETAILS
|
Name : |
IDUNA AB |
|
|
|
|
Registered Office : |
43284 Varberg |
|
|
|
|
Country : |
Sweden |
|
|
|
|
Financials (as on) : |
2014 |
|
|
|
|
Date of Incorporation : |
18.02.1955 |
|
|
|
|
Com. Reg. No.: |
5560609058 |
|
|
|
|
Legal Form : |
Limited liability company |
|
|
|
|
Line of Business : |
Retail sale of jewellery in specimjalised stores. |
|
|
|
|
No. of Employee : |
614 |
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 |
Iduna AB |
|
Country |
SWEDEN |
|
Company
Registration Number |
5560609058 |
|
Activity Code |
47772 |
|
Activity
Description |
Retail sale of jewellery in specialised stores |
|
Company Status |
Active (Active) |
|
Latest Turnover
Figure |
1.065.462.000 SEK |
|
Latest Shareholder
Equity Figure |
32.299.000 SEK |
Basic Information
|
Business Name |
Iduna AB |
|
Registered Company
Name |
Iduna AB |
|
Company
Registration Number |
5560609058 |
|
Country |
SWEDEN |
|
VAT Registration
Number |
SE556060905801 |
|
Date of Company
Registration |
18/02/1955 |
|
Legal Form |
Limited liability company |
|
Company Status |
Active (Active) |
|
Currency of this
Report |
SEK |
|
Principal Activity Code |
No code |
|
Principal Activity
Description |
Bolaget skall driva handelsrörelse i parti och minut ävensom postorderrörelse inom branschen för guld, silver, |
|
|
ädla stenar och klockor, presentartiklar och bijouterier samt äga och förvalta hyresrätter, fast egendom av alla |
|
|
slag samt köpa, |
|
Contact Address |
43284 VARBERG |
|
Contact Telephone
Number |
0340-595400 |
Main Address
|
Address |
43284 VARBERG |
|
Country |
SWEDEN |
|
Telephone |
0340-595400 |
Other Addresses
|
Address |
Country |
|
Address |
Kronetorpsvägen 2, 23237 |
|
Country |
SWEDEN |
|
Address |
Per Albin Hanssons Väg 40, 21432 |
|
Country |
SWEDEN |
|
Address |
Runstensvägen 1, 13646 |
|
Country |
SWEDEN |
|
Address |
Södra Förstadsgatan 40 A, 21143 |
|
Country |
SWEDEN |
|
Address |
Trångsundsvägen 20, 39356 |
|
Country |
SWEDEN |
|
Address |
Valbo Köpcentrum, 81832 |
|
Country |
SWEDEN |
|
Address |
Varuvägen 10, 70236 |
|
Country |
SWEDEN |
|
Address |
Östra Förstadsgatan 56, 21212 |
|
Country |
SWEDEN |
|
Address |
Timmermansgatan 59, 60359 |
|
Country |
SWEDEN |
|
Address |
Östra Torggatan 8, 37230 |
|
Country |
SWEDEN |
|
Address |
Krankroksgatan 17 ERIKSLUND SHOPPING CENTER, 72138 |
|
Country |
SWEDEN |
|
Address |
Gesällvägen 1, 85753 |
|
Country |
SWEDEN |
|
Address |
Frölunda Torg, 42142 |
|
Country |
SWEDEN |
|
Address |
Kompanigatan 3, 55305 |
|
Country |
SWEDEN |
|
Address |
Bollvägen 1, 51634 |
|
Country |
SWEDEN |
|
Address |
Hyllie Stationsväg 22, 21532 |
|
Country |
SWEDEN |
|
Address |
Drottninggatan 21, 65225 |
|
Country |
SWEDEN |
|
Address |
Jerikodalsgatan 1-2, 59530 |
|
Country |
SWEDEN |
|
Address |
Forumvägen 12, 13153 |
|
Country |
SWEDEN |
|
Address |
Repslagaregatan 12, 60232 |
|
Country |
SWEDEN |
|
Address |
Södergatan 21, 21134 |
|
Country |
SWEDEN |
|
|
Country |
|
Address |
Ladugårdsvägen 13, 46170 |
|
Country |
SWEDEN |
|
Address |
Strömpilsplatsen 9-15, 90743 |
|
Country |
SWEDEN |
|
Address |
Gallerian 104, 72213 |
|
Country |
SWEDEN |
|
Address |
Kungsgatan 44, 41115 |
|
Country |
SWEDEN |
|
There are more than 25 entities. To see the full list, please view the website report accompanying the PDF |
|
Activities
|
Activity Code |
Activity
Description |
|
|
|
|
47772 |
Retail sale of jewellery in specialised stores |
Email Addresses
No email addresses for this company
Web Pages
www.iduna.se
Employee Information
|
Year |
Number of Employees |
|
2014 |
614 |
|
2013 |
624 |
|
2012 |
636 |
|
2011 |
642 |
|
2010 |
636 |
Advisors
Auditor Name Staffan Olle Edvin Landén
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 |
47772 |
|
Activity Description |
Retail sale of jewellery in specialised stores |
Event
History
|
Event Date |
Event Description |
|
|
|
|
07/10/2015 |
Group Structure Change |
|
07/08/2015 |
Group annual accout, new |
|
07/08/2015 |
Limit, decrease |
|
07/08/2015 |
Annual account, new |
|
30/07/2015 |
Group Structure Change |
|
24/07/2015 |
Annual report (PDF), new |
|
15/08/2014 |
Group Structure Change |
|
30/07/2014 |
Annual account, new |
|
25/07/2014 |
Annual report (PDF), new |
|
28/08/2013 |
Group Structure Change |
|
12/08/2013 |
Annual account, new |
|
18/07/2013 |
Annual report (PDF), new |
|
30/08/2012 |
Annual account, new |
|
24/07/2012 |
Annual report (PDF), new |
|
28/10/2011 |
Board, changed |
|
28/10/2011 |
Authorised signatories amended or new/amended vacancy text |
|
28/10/2011 |
Company representatives, changed |
|
27/09/2011 |
Annual account, new |
|
09/08/2011 |
Annual report (PDF), new |
|
29/03/2011 |
Fax number, changed |
Status
History
No status history events for this company
Profit
and Loss
|
Financial Year |
2014 |
2013 |
2012 |
|
|
|
|
|
|
Number of Weeks |
52 |
52 |
52 |
|
Currency |
SEK |
SEK |
SEK |
|
Consolidated Accounts |
No |
No |
No |
|
Revenue |
1.065.462.000 |
1.028.715.000 |
1.056.653.000 |
|
Operating Costs |
986.155.000 |
962.320.000 |
982.279.000 |
|
Operating Profit |
79.307.000 |
66.395.000 |
74.374.000 |
|
Financial Income |
37.000 |
28.000 |
73.000 |
|
Financial Expenses |
-6.550.000 |
-9.035.000 |
-7.391.000 |
|
Extraordinary Income |
- |
- |
- |
|
Extraordinary Costs |
- |
- |
- |
|
Profit before Tax |
72.795.000 |
57.388.000 |
67.056.000 |
|
Tax |
-12.000 |
-15.970.000 |
-25.639.000 |
|
Profit after Tax |
72.783.000 |
41.418.000 |
41.417.000 |
|
Minority Interests |
- |
- |
- |
|
Other Appropriations |
-73.374.000 |
10.539.000 |
25.694.000 |
|
Retained Profit |
-592.000 |
51.957.000 |
67.111.000 |
Balance
Sheet
|
Financial Year |
2014 |
2013 |
2012 |
|
Number of Weeks |
52 |
52 |
52 |
|
Currency |
SEK |
SEK |
SEK |
|
Consolidated Accounts |
No |
No |
No |
|
Land & Buildings |
23.416.000 |
24.864.000 |
26.311.000 |
|
Plant & Machinery |
- |
- |
- |
|
Other Tangible Assets |
45.961.000 |
47.042.000 |
52.187.000 |
|
Total Tangible Assets |
69.377.000 |
71.906.000 |
78.498.000 |
|
Goodwill |
- |
27.835.000 |
32.850.000 |
|
Other Intangible Assets |
53.408.000 |
45.291.000 |
38.780.000 |
|
Total Intangible Assets |
53.408.000 |
73.126.000 |
71.630.000 |
|
Loans To Group |
- |
- |
- |
|
Other Loans |
- |
- |
- |
|
Miscellaneous Fixed Assets |
19.000.000 |
19.000.000 |
19.000.000 |
|
Total Other Fixed Assets |
19.000.000 |
19.000.000 |
19.000.000 |
|
TOTAL FIXED ASSETS |
141.785.000 |
164.032.000 |
169.128.000 |
|
Work In Progress |
- |
- |
- |
|
Other Inventories |
407.976.000 |
387.836.000 |
389.895.000 |
|
Total Inventories |
407.976.000 |
387.836.000 |
389.895.000 |
|
Trade Receivables |
14.033.000 |
17.476.000 |
13.285.000 |
|
Group Receivables |
5.430.000 |
- |
- |
|
Miscellaneous Receivables |
46.803.000 |
37.836.000 |
42.016.000 |
|
Total Receivables |
66.266.000 |
55.312.000 |
55.301.000 |
|
Cash |
33.599.000 |
- |
51.645.000 |
|
Other Current Assets |
- |
45.639.000 |
- |
|
TOTAL CURRENT ASSETS |
507.841.000 |
488.787.000 |
496.841.000 |
|
TOTAL ASSETS |
649.626.000 |
652.819.000 |
665.969.000 |
|
Trade Payables |
126.765.000 |
103.675.000 |
99.104.000 |
|
Bank Liabilities |
69.185.000 |
1.500.000 |
1.500.000 |
|
Group Payables |
224.740.000 |
282.299.000 |
272.002.000 |
|
Miscellaneous Liabilities |
132.226.000 |
130.306.000 |
142.492.000 |
|
TOTAL CURRENT LIABILITIES |
552.916.000 |
517.780.000 |
515.098.000 |
|
Bank Liabilities Due After 1 Year |
15.500.000 |
17.000.000 |
18.500.000 |
|
Other Loans Or Finance Due After 1 Year |
- |
- |
- |
|
Group Payables Due After 1 Year |
- |
- |
- |
|
Miscellaneous Liabilities Due After 1 Year |
48.911.000 |
57.313.000 |
65.968.000 |
|
TOTAL LONG TERM LIABILITIES |
64.411.000 |
74.313.000 |
84.468.000 |
|
TOTAL LIABILITIES |
617.327.000 |
592.093.000 |
599.566.000 |
|
Called Up Share Capital |
700.000 |
700.000 |
700.000 |
|
Share Premium |
- |
- |
- |
|
Revenue Reserves |
31.459.000 |
117.520.000 |
140.866.000 |
|
Other Reserves |
140.000 |
-57.494.000 |
-75.163.000 |
|
TOTAL SHAREHOLDERS EQUITY |
32.299.000 |
60.726.000 |
66.403.000 |
Other
Financials
|
Contingent Liabilities |
- |
49.000 |
101.000 |
|
Working Capital |
-45.075.000 |
-28.993.000 |
-18.257.000 |
|
Net Worth |
-21.109.000 |
-12.400.000 |
-5.227.000 |
Ratios
|
Pre-Tax Profit Margin |
6.83 % |
5.58 % |
6.35 % |
|
Return On Capital Employed |
6.05 % |
4.90 % |
5.68 % |
|
Return On Total Assets Employed |
11.21 % |
8.79 % |
10.07 % |
|
Return On Net Assets Employed |
225.38 % |
94.50 % |
100.98 % |
|
Sales/Net Working Capital |
-23.64 |
-35.48 |
-57.88 |
|
Stock Turnover Ratio |
38.29 % |
37.70 % |
36.90 % |
|
Debtor Days |
4.81 |
6.20 |
4.59 |
|
Creditor Days |
43.43 |
36.79 |
34.23 |
|
Current Ratio |
0.92 |
0.94 |
0.96 |
|
Liquidity Ratio/Acid Test |
0.18 |
0.19 |
0.21 |
|
Current Debt Ratio |
17.12 |
8.53 |
7.76 |
|
Gearing |
262.19 % |
30.46 % |
30.12 % |
|
Equity In Percentage |
5.60 % |
10.83 % |
11.54 % |
|
Total Debt Ratio |
19.11 |
9.75 |
9.03 |
Share
Capital Structure
Issued Share Capital 700.000 SEK
Shareholders
No shareholders data for this company
Current
Directors
|
Name |
Appointment Date |
Position |
|
|
|
|
|
Sverker Albrektson |
31/10/2003 |
Chairman of Board |
|
Warborn, Bengt Oskar Lennart |
15/01/2010 |
Actual Member of Board |
|
Warborn, Sten Tage Birger |
31/10/2003 |
Foreign Resident in the EEA |
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 |
Debt Balance
|
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 |
6 |
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.64.96 |
|
|
1 |
Rs.99.55 |
|
Euro |
1 |
Rs.71.64 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
ANK |
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.