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MIRA INFORM REPORT
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Report No. : |
492639 |
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Report Date : |
19.02.2018 |
IDENTIFICATION DETAILS
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Name : |
RETEX AKTIEBOLAG |
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Registered Office : |
Industrigatan 17, 51162 Skene, Västra Götaland |
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Country : |
Sweden |
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Financials (as on) : |
June 2017 |
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Date of Incorporation : |
08.04.1986 |
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Com. Reg. No.: |
5562750355 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Wholesale of Textiles |
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No. of Employees : |
10 [2017] |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
A |
|
Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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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
|
Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
|
Sweden |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low Risk |
A2 |
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Moderately Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderately High Risk |
C1 |
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High Risk |
C2 |
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Very High Risk |
D |
SWEDEN - ECONOMIC OVERVIEW
Sweden has achieved an enviable standard of living with its combination
of free-market capitalism and extensive welfare benefits. Sweden remains
outside the euro zone largely out of concern that joining the European Economic
and Monetary Union would diminish the country’s sovereignty over its welfare
system. Timber, hydropower, and iron ore constitute the resource base of an
economy heavily oriented toward foreign trade.
Sweden’s economy experienced modest growth in 2014-17, with real GDP
growth above 3%, but continues to struggle with deflationary pressure.
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Source
: CIA |
Company Summary
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Business Name |
RETEX AKTIEBOLAG |
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Country |
SWEDEN |
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Company
Registration Number |
5562750355 |
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Activity Code |
46410 |
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Activity
Description |
Wholesale of textiles |
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Company Status |
Active (Active) |
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Latest Turnover
Figure |
35,701,000 SEK |
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Latest
Shareholder Equity Figure |
6,729,000 SEK |
Basic
Information
|
|
|
Business Name |
RETEX AKTIEBOLAG |
|
Registered
Company Name |
RETEX AKTIEBOLAG |
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Company
Registration Number |
5562750355 |
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Country |
SWEDEN |
|
VAT Registration
Number |
SE556275035501 |
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Date of Company
Registration |
08/04/1986 |
|
Legal Form |
Limited Liability Company |
|
Company Status |
Active (Active) |
|
Currency of this
Report |
SEK |
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Principal
Activity Code |
No code |
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Principal
Activity Description |
- |
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Contact Address |
Industrigatan 17, 51162 Skene, Västra Götaland |
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Contact
Telephone Number |
- |
Main Address
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|
|
Address |
Industrigatan 17, 51162 SKENE, VÄSTRA GÖTALAND |
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Country |
SWEDEN |
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Telephone |
- - |
Activities
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|
Activity Code Activity Description |
|
46410 Wholesale of textiles |
Email Addresses
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Employee Information
|
|
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Year |
Number of
Employees |
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2017 |
10 |
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2016 |
8 |
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2015 |
8 |
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2014 |
10 |
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2013 |
11 |
Advisors
|
|
Auditor Name Per Anders
Carlsson |
Tax Registrations
|
|
|
Registered for
FTax |
Yes |
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Registered for
VAT |
Yes |
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Registered for
Employee Tax |
Yes |
Certificates
|
|
No certificate information for this company |
Industry Comparison
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|
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Activity Code |
46410 |
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Activity
Description |
Wholesale of textiles |
Event History
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|
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Event Date |
Event
Description |
|
28/12/2017 |
Group Structure Change |
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06/12/2017 |
Group Structure Change |
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04/12/2017 |
Annual account, new |
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04/12/2017 |
Limit, increase |
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30/11/2017 |
Annual report (PDF), new |
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29/12/2016 |
Group Structure Change |
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22/11/2016 |
Group Structure Change |
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10/11/2016 |
Group Structure Change |
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09/11/2016 |
Annual account, new |
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09/11/2016 |
Limit, increase |
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Event Date |
Event
Description |
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03/11/2016 |
Annual report (PDF), new |
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20/01/2016 |
Group Structure Change |
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31/12/2015 |
Group Structure Change |
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29/12/2015 |
Annual account, new |
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29/12/2015 |
Limit, decrease |
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22/12/2015 |
Annual report (PDF), new |
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20/10/2015 |
Group Structure Change |
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16/10/2015 |
Group Structure Change |
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03/11/2014 |
Group Structure Change |
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31/10/2014 |
Limit, increase |
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31/10/2014 |
Annual account, new |
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24/10/2014 |
Annual report (PDF), new |
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17/10/2014 |
Group Structure Change |
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26/12/2013 |
Group Structure Change |
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23/12/2013 |
Annual account, new |
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23/12/2013 |
Limit, decrease |
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17/12/2013 |
Annual report (PDF), new |
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13/12/2013 |
Group Structure Change |
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12/07/2013 |
Group Structure Change |
Status History
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No status history events for this company |
Profit and Loss
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|||
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Financial Year |
06/2017 |
06/2016 |
06/2015 |
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Number of Weeks |
52 |
52 |
52 |
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Currency |
SEK |
SEK |
SEK |
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Consolidated
Accounts |
No |
No |
No |
|
Revenue |
35,914,000 |
31,762,000 |
27,311,000 |
|
Operating Costs |
34,268,000 |
30,082,000 |
27,892,000 |
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Operating Profit |
1,646,000 |
1,680,000 |
-581,000 |
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Wages &
Salaries |
5,515,000 |
4,618,000 |
4,586,000 |
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Depreciation |
52,000 |
72,000 |
73,000 |
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Financial Income |
60,000 |
9,000 |
38,000 |
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Financial
Expenses |
230,000 |
311,000 |
326,000 |
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Extraordinary
Income |
- |
- |
- |
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Extraordinary
Costs |
- |
- |
- |
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Profit before
Tax |
1,475,000 |
1,379,000 |
-869,000 |
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Tax |
338,000 |
194,000 |
5,000 |
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Profit after Tax |
1,137,000 |
1,185,000 |
-874,000 |
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Minority
Interests |
- |
- |
- |
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Other
Appropriations |
- |
-290,000 |
581,000 |
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Retained Profit |
1,138,000 |
895,000 |
-294,000 |
Balance Sheet
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Financial Year |
06/2017 |
06/2016 |
06/2015 |
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Number of Weeks |
52 |
52 |
52 |
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Currency |
SEK |
SEK |
SEK |
|
Consolidated
Accounts |
No |
No |
No |
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Land &
Buildings |
- |
- |
- |
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Plant &
Machinery |
- |
- |
- |
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Other Tangible
Assets |
71,000 |
83,000 |
156,000 |
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Total Tangible
Assets |
71,000 |
83,000 |
156,000 |
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Goodwill |
- |
- |
- |
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Other Intangible
Assets |
- |
- |
- |
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Total Intangible
Assets |
- |
- |
- |
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Loans To Group |
- |
- |
- |
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Other Loans |
- |
- |
- |
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Miscellaneous
Fixed Assets |
324,000 |
324,000 |
324,000 |
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Total Other
Fixed Assets |
324,000 |
324,000 |
324,000 |
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TOTAL FIXED
ASSETS |
395,000 |
407,000 |
479,000 |
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Work In Progress |
- |
- |
- |
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Other
Inventories |
18,827,000 |
15,083,000 |
16,628,000 |
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Total
Inventories |
18,827,000 |
15,083,000 |
16,628,000 |
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Trade
Receivables |
2,595,000 |
3,352,000 |
3,253,000 |
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Group
Receivables |
179,000 |
139,000 |
732,000 |
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Miscellaneous
Receivables |
214,000 |
214,000 |
383,000 |
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Total
Receivables |
2,988,000 |
3,705,000 |
4,368,000 |
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Cash |
1,136,000 |
399,000 |
30,000 |
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Other Current
Assets |
- |
- |
- |
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TOTAL CURRENT
ASSETS |
22,951,000 |
19,187,000 |
21,027,000 |
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TOTAL ASSETS |
23,346,000 |
19,594,000 |
21,506,000 |
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Trade Payables |
4,671,000 |
3,894,000 |
1,637,000 |
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Bank Liabilities |
- |
- |
- |
|
Group Payables |
32,000 |
76,000 |
1,777,000 |
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Miscellaneous
Liabilities |
4,976,000 |
1,880,000 |
1,672,000 |
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TOTAL CURRENT
LIABILITIES |
9,679,000 |
5,850,000 |
5,086,000 |
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Bank Liabilities
Due After 1 Year |
6,648,000 |
7,263,000 |
11,123,000 |
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Other Loans Or Finance Due
After 1 Year |
- |
- |
- |
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Group Payables
Due After 1 Year |
- |
- |
- |
|
Miscellaneous Liabilities Due After 1 Year |
290,000 |
290,000 |
- |
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TOTAL LONG TERM
LIABILITIES |
6,938,000 |
7,553,000 |
11,123,000 |
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TOTAL
LIABILITIES |
16,617,000 |
13,403,000 |
16,209,000 |
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Called Up Share
Capital |
421,000 |
421,000 |
421,000 |
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Share Premium |
- |
- |
- |
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Revenue Reserves |
6,228,000 |
5,690,000 |
4,796,000 |
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Other Reserves |
80,000 |
80,000 |
80,000 |
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TOTAL
SHAREHOLDERS EQUITY |
6,729,000 |
6,191,000 |
5,297,000 |
Other Financials
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|||
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Financial Year |
06/2017 |
06/2016 |
06/2015 |
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Contingent
Liabilities |
- |
- |
- |
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Working Capital |
13,272,000 |
13,337,000 |
15,941,000 |
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Net Worth |
6,729,000 |
6,191,000 |
5,297,000 |
Ratios
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Financial Year |
06/2017 |
06/2016 |
06/2015 |
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Pre-Tax Profit
Margin (%) |
4.11 % |
4.34 % |
-3.18 % |
|
Return On
Capital Employed (%) |
4.47 % |
5.42 % |
-3.27 % |
|
Return On Total
Assets Employed (%) |
6.32 % |
7.04 % |
-4.04 % |
|
Return On Net
Assets Employed (%) |
21.92 % |
22.27 % |
-16.41 % |
|
Sales/Net
Working Capital |
2.71 |
2.38 |
1.71 |
|
Stock Turnover
Ratio (%) |
52.42 % |
47.49 % |
60.88 % |
|
Debtor Days |
26.37 |
38.52 |
43.47 |
|
Creditor Days |
47.47 |
44.75 |
21.88 |
|
Current Ratio |
2.37 |
3.28 |
4.13 |
|
Liquidity
Ratio/Acid Test |
0.43 |
0.70 |
0.86 |
|
Current Debt
Ratio |
1.44 |
0.94 |
0.96 |
|
Gearing (%) |
98.80 % |
117.32 % |
209.99 % |
|
Equity In
Percentage (%) |
29.23 % |
32.13 % |
25.01 % |
|
Total Debt Ratio |
2.47 |
2.16 |
3.06 |
Additional Financials Items
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Year End Date |
2017 |
2016 |
2015 |
|
Audited Accounts |
Yes |
Yes |
Yes |
|
Auditor Comments |
- |
- |
- |
Share Capital Structure
|
|
Issued Share Capital 421,000 SEK |
Shareholders
|
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No shareholders data for this company. |
Current Directors
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||
|
Name |
Appointment Date |
Position |
|
Peter Nils-Ivar Ohlsson |
02/10/2004 |
Actual Member of Board |
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Bengt Krister Claesson |
02/10/2004 |
Managing Director |
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Jeannette Madeleine Brevik |
25/10/2012 |
Actual Member of Board |
Group Structure
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No group structure for this company |
Negative Information
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Debt Balance No Debt Balance for this company. |
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Record of Non
Payment |
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Number Of Distraint
Or Repossessions |
0 |
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Number Of Public
Claims |
0 |
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Number Of
Private Claims |
0 |
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Number Of
Applications |
0 |
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Number Of
Revoked Applications |
0 |
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Latest Public
Claim No Latest Public Claim for this company. |
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Latest Private
Claim No Latest Private Claim for this company. |
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FOREIGN EXCHANGE RATES
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Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 63.90 |
|
|
1 |
INR 90.31 |
|
Euro |
1 |
INR 80.17 |
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SEK |
1 |
INR 8.10 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
NIS |
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Report Prepared
by : |
TPT |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
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A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
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D |
High Risk |
Business dealing not recommended or on
secured terms only |
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NB |
New Business |
No recommendation can be done due to
business in infancy stage |
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NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
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 are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.