MIRA INFORM REPORT

 

 

Report No. :

348033

Report Date :

31.10.2015

 

IDENTIFICATION DETAILS

 

Name :

H & M HENNES & MAURITZ GBC AB

 

 

Registered Office :

Mäster Samuelsgatan 46 A,  10638 Stockholm

 

 

Country :

Sweden

 

 

Financials (as on) :

2014

 

 

Date of Incorporation :

20.11.1959

 

 

Com. Reg. No.:

5560701715

 

 

Legal Form :

Limited liability company

 

 

Line of Business :

Subject is engage in trade in textiles and clothing, footwear, watches and pens, accessories for the home principally textiles, cosmetics and other related consumer products

 

 

No. of Employees :

2684 (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 :

No Complaints

 

 

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

H & M Hennes & Mauritz GBC AB

Country

SWEDEN

Company Registration Number

5560701715

Activity Code

46420

Activity Description

Wholesale of clothing and footwear

Company Status

Active (Active)

Latest Turnover Figure

108.653.000.000  SEK

Latest Shareholder Equity Figure

8.519.000.000  SEK

 

 

 

 

Basic Information

 

Business Name

H & M Hennes & Mauritz GBC AB

Registered Company Name

H & M Hennes & Mauritz GBC AB

Company Registration Number

5560701715

Country

SWEDEN

VAT Registration Number

SE556070171501

Date of Company Registration

20/11/1959

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 engage in trade in textiles and clothing , footwear, watches and pens , accessories for the home principally textiles, cosmetics and other related consumer products

Contact Address

Mäster Samuelsgatan 46 A,  10638 STOCKHOLM

Contact Telephone Number

08-7965500

 

 

 

 

Main Address

 

Address

Mäster Samuelsgatan 46 A,  10638 STOCKHOLM

Country

SWEDEN

Telephone

08-7965500

 

 

Other Addresses

 

Address

Country

Address

Södra Larmgatan 11,  41116

Country

SWEDEN

Address

Årstaängsvägen 19,  11743

Country

SWEDEN

Address

Årstaängsvägen 13,  11775

Country

SWEDEN

Address

Götgatan 23,  11646

Country

SWEDEN

Address

Hultagatan 47,  50750

Country

SWEDEN

Address

Årstaängsvägen 13,  11775

Country

SWEDEN

 

 

 

 

Activities

 

Activity Code

Activity Description

46420

Wholesale of clothing and footwear

62010

Computer programming activities

70100

Activities of head offices

47912

Retail sale of clothing via mail order houses or via Internet

62090

Other information technology and computer service activities

 

 

Email Addresses

 

No email addresses for this company

 

 

Web Pages

 

No websites for this company

 

 

Employee Information

 

Year

Number of Employees

2014

2684

2013

2157

2012

1249

2011

1022

2010

890

 

 

Advisors

 

Auditor Name

Ernst & Young Aktiebolag

 

 

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

Industry Average Credit Rating

68 (1 - 100)

Industry Average Credit Limit

555.000

 

 

Event History

 

Event Date

Event Description

08/10/2015

Group Structure Change

17/08/2015

Group Structure Change

14/08/2015

Group Structure Change

20/07/2015

Group Structure Change

03/07/2015

Group Structure Change

02/07/2015

Group Structure Change

01/07/2015

Group Structure Change

29/06/2015

Group Structure Change

23/06/2015

Annual account, new

16/06/2015

Annual report (PDF), new

05/06/2015

Group Structure Change

24/09/2014

Group Structure Change

23/09/2014

Group Structure Change

08/08/2014

Group Structure Change

28/07/2014

Group Structure Change

14/07/2014

Annual account, new

08/07/2014

Annual report (PDF), new

05/07/2014

Authorised signatories amended or new/amended vacancy text

05/07/2014

Company representatives, changed

23/07/2013

Group Structure Change

22/07/2013

Group Structure Change

11/07/2013

Annual account, new

04/07/2013

Company representatives, changed

04/07/2013

Authorised signatories amended or new/amended vacancy text

27/06/2013

Annual report (PDF), new

06/11/2012

Company representatives, changed

30/10/2012

Authorised signatories amended or new/amended vacancy text

30/10/2012

Status, changed

23/08/2012

Merge information, changed

03/08/2012

Group annual accout, new

03/08/2012

Annual account, new

05/07/2012

Status, changed

05/07/2012

Merge information, changed

04/07/2012

Annual report (PDF), new

06/07/2011

Group annual accout, new

06/07/2011

Annual account, new

24/06/2011

Annual report (PDF), new

 

 

Status History

 

No status history events for this company

 

 

Profit and Loss

 

Financial Year

2014

2013

2012

Number of Weeks

52

52

52

Currency

SEK

SEK

SEK

Consolidated Accounts

No

No

No

Revenue

108.653.000.000

72.056.000.000

74.786.000.000

Operating Costs

96.390.000.000

64.371.000.000

64.282.000.000

Operating Profit

12.263.000.000

7.685.000.000

10.504.000.000

Financial Income

287.000.000

302.000.000

362.000.000

Financial Expenses

-24.000.000

-17.000.000

-2.000.000

Extraordinary Income

-

-

-

Extraordinary Costs

-

-

-

Profit before Tax

12.526.000.000

7.970.000.000

10.864.000.000

Tax

-2.483.000.000

-2.148.000.000

-2.170.000.000

Profit after Tax

10.043.000.000

5.822.000.000

8.694.000.000

Minority Interests

-

-

-

Other Appropriations

-1.292.000.000

40.000.000

-2.633.000.000

Retained Profit

8.751.000.000

5.862.000.000

6.061.000.000

 

 

Balance Sheet

 

Financial Year

2014

2013

2012

Number of Weeks

52

52

52

Currency

SEK

SEK

SEK

Consolidated Accounts

No

No

No

Land & Buildings

-

-

-

Plant & Machinery

-

-

-

Other Tangible Assets

66.000.000

60.000.000

65.000.000

Total Tangible Assets

66.000.000

60.000.000

65.000.000

Goodwill

-

-

-

Other Intangible Assets

-

-

-

Total Intangible Assets

-

-

-

Loans To Group

3.174.000.000

2.027.000.000

-

Other Loans

-

-

-

Miscellaneous Fixed Assets

272.000.000

151.000.000

120.000.000

Total Other Fixed Assets

3.446.000.000

2.178.000.000

120.000.000

TOTAL FIXED ASSETS

3.512.000.000

2.238.000.000

185.000.000

Work In Progress

-

-

-

Other Inventories

9.886.000.000

8.359.000.000

7.781.000.000

Total Inventories

9.886.000.000

8.359.000.000

7.781.000.000

Trade Receivables

244.000.000

175.000.000

-

Group Receivables

13.114.000.000

7.388.000.000

9.263.000.000

Miscellaneous Receivables

1.151.000.000

621.000.000

529.000.000

Total Receivables

14.509.000.000

8.184.000.000

9.792.000.000

Cash

1.910.000.000

3.529.000.000

3.527.000.000

Other Current Assets

-

-

-

TOTAL CURRENT ASSETS

26.305.000.000

20.072.000.000

21.100.000.000

TOTAL ASSETS

29.817.000.000

22.310.000.000

21.285.000.000

Trade Payables

3.265.000.000

2.975.000.000

2.606.000.000

Bank Liabilities

-

-

-

Group Payables

9.232.000.000

13.675.000.000

3.764.000.000

Miscellaneous Liabilities

2.554.000.000

1.083.000.000

1.081.000.000

TOTAL CURRENT LIABILITIES

15.051.000.000

17.733.000.000

7.451.000.000

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

6.247.000.000

2.616.000.000

2.656.000.000

TOTAL LONG TERM LIABILITIES

6.247.000.000

2.616.000.000

2.656.000.000

TOTAL LIABILITIES

21.298.000.000

20.349.000.000

10.107.000.000

Called Up Share Capital

100.000

100.000

100.000

Share Premium

-

-

-

Revenue Reserves

10.711.371.000

8.040.376.000

11.177.900.000

Other Reserves

-2.192.471.000

-6.079.476.000

-

TOTAL SHAREHOLDERS EQUITY

8.519.000.000

1.961.000.000

11.178.000.000

 

 

Other Financials

 

Contingent Liabilities

270.000.000

275.000.000

387.000.000

Working Capital

11.254.000.000

2.339.000.000

13.649.000.000

Net Worth

8.519.000.000

1.961.000.000

11.178.000.000

 

 

Ratios

 

Pre-Tax Profit Margin

11.53 %

11.06 %

14.53 %

Return On Capital Employed

27.92 %

19.90 %

37.81 %

Return On Total Assets Employed

42.01 %

35.72 %

51.04 %

Return On Net Assets Employed

147.04 %

406.43 %

97.19 %

Sales/Net Working Capital

9.65

30.81

5.48

Stock Turnover Ratio

9.10 %

11.60 %

10.40 %

Debtor Days

0.82

0.89

0.00

Creditor Days

10.97

15.07

12.72

Current Ratio

1.75

1.13

2.83

Liquidity Ratio/Acid Test

1.09

0.66

1.79

Current Debt Ratio

1.77

9.04

0.67

Gearing

0

0

0

Equity In Percentage

32.30 %

9.74 %

52.81 %

Total Debt Ratio

2.50

10.38

0.90

 

 

Share Capital Structure

 

Issued Share Capital

100.000 SEK

 

 

 

Shareholders

 

No shareholders data for this company.

 

 

 

 

Current Directors

 

Name

Appointment Date

Position

INFORMATION PROTECTED

01/07/2009

Substitute

INFORMATION PROTECTED

20/11/1959

Actual Member of Board

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.65.22

UK Pound

1

Rs.99.93

Euro

1

Rs.71.67

 

INFORMATION DETAILS

 

Analysis Done by :

KIN

 

 

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%)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.