MIRA
INFORM REPORT
|
Report Date : |
02.12.2011 |
IDENTIFICATION DETAILS
|
Name : |
BILLERUD AKTIEBOLAG |
|
|
|
|
Registered Office : |
Box 703, 16927 Solna |
|
|
|
|
Country : |
Sweden |
|
|
|
|
Financials (as on) : |
2010 |
|
|
|
|
Date of Incorporation : |
29.12.1926 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
Manufacture of kraft paper and paperboard |
|
|
|
|
No. of Employees : |
924 |
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 |
|
Maximum Credit Limit : |
250.000.000 SEK |
|
|
|
|
Status : |
Good |
|
|
|
|
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 – September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
Sweden |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
REGISTERED NAME
& COMPANY SUMMARY
|
Business Name |
Billerud Aktiebolag |
|
Country |
SWEDEN |
|
Company Registration Number |
|
|
Main Activity |
Manufacture of kraft paper and paperboard |
|
Activity Code |
17123 |
|
Company Status |
Active |
|
Latest Turnover Figure |
3.814.000.000 SEK |
|
Latest Shareholder Equity Figure |
3.915.000.000 SEK |
Company Information
|
Basic Information |
|
|
Business Name |
Billerud Aktiebolag |
|
Registered Company Name |
Billerud Aktiebolag |
|
Company Registration Number |
5560255001 |
|
Country |
SWEDEN |
|
VAT Registration Number |
SE556025500101 |
|
Date of Company Registration |
29/12/1926 |
|
Legal Form |
Limited liability company |
|
Company Status |
Active |
|
Currency of this Report |
SEK |
|
Principal Activity Description |
Bolaget ska direkt och indirekt bedriva
skogsindustriell verksamhet, särskilt tillverkning och försäljning av massa
och papper samt att bedriva annan därmed förenlig verksamhet. |
|
Contact Address |
16927 SOLNA |
|
Contact Telephone Number |
08-55333500 |
Contact Information
|
Main Address |
||
|
Address |
Country |
Telephone |
|
Box 703, 16927 SOLNA |
SWEDEN |
08-55333500 |
|
Other Address |
|
|
Address |
Country |
|
Gruvöns Bruk, GRUMS 66432 |
SWEDEN |
|
Email Addresses |
|
info@billerud.com |
|
Web Pages |
|
www.billerud.se |
CREDIT RECOMENDATION
Current Credit Limit: 250.000.000 SEK
DIRECTORS/MANAGEMENT
Directors/Managers
|
Current Directors |
|||
|
Name |
Appointment Date |
Position |
|
|
Anders Henning Ingvar Petersson |
05/02/2001 |
Actual Member of Board |
|
|
Helena Teresa Andreas |
13/05/2011 |
Actual Member of Board |
|
|
Kaufmann, Michael Martin F. |
27/09/2005 |
Actual Member of Board |
|
|
Nageler, Ewald |
17/07/2006 |
Actual Member of Board |
|
|
Gundel Tora Gunilla Jönson |
01/11/2003 |
Actual Member of Board |
|
|
Marie Helen Elisabeth Gustafsson |
10/05/2010 |
Employee Representative |
|
|
Mikael Peter Hellberg |
13/05/2011 |
Actual Member of Board |
|
|
Sten Rickard Steve Cato |
08/06/2001 |
Actual Member of Board |
|
|
Yngve Arneson Stade |
27/05/2005 |
Actual Member of Board |
|
|
Anders Fredrik Nordström |
13/05/2011 |
Substitute |
|
|
Kurt Roger Lindvall |
08/06/2001 |
Substitute |
|
|
Previous Directors |
|||
|
Name |
Appointment Date |
Position |
Resignation Date |
|
Per-Christer Folke Lundberg |
21/03/2001 |
Actual Member of Board |
13/05/2011 |
|
Elsa Margareta Meg Tivéus Borglin |
21/03/2001 |
Actual Member of Board |
13/05/2011 |
|
Marie Helen Elisabeth Gustafsson |
10/05/2010 |
Substitute |
13/05/2011 |
|
Erik Stefan Mikael Ragnarsson |
09/09/2009 |
Employee Representative |
11/02/2011 |
|
Birgitta Katarina Stavöstrand |
14/06/2007 |
Employee Representative |
10/05/2010 |
|
Per-Gustav Nilsson |
08/06/2001 |
Employee Representative |
09/09/2009 |
|
Thor Gösta Brink |
08/06/2001 |
Actual Member of Board |
14/06/2007 |
NEGATIVE INFORMATION
Negative Information
|
Debt balance at the Swedish Enforcement Agency |
|
|
Number of Private Claims |
- |
|
Balance of Private Claims |
- |
|
Number of Public Claims |
- |
|
Balance of Public Claims |
- |
|
Total Balance |
- |
|
Record of non-payment |
|
|
Number of distraint attempts and repossessions |
- |
|
Number of public claims |
- |
|
Number of private claims |
- |
|
Number of applications for an order to pay |
- |
|
Number of reclaimed/revoked applications |
- |
SHARE & SHARE
CAPITAL INFORMATION
Share Capital Structure
|
Issued Share Capital |
774.173.065 SEK |
PAYMENT INFORMATION
Na
GROUP STRUCTURE
& AFFILIATED COMPANIES
Group Structure
|
Ultimate Holding Parent |
|
No information for this company. |
|
Immediate Holding Parent |
|
No information for this company. |
|
Subsidary Companies |
||
|
Subsidiary Name |
Country |
Number |
|
BILLERUD BEETHAM LTD |
COLOMBIA |
|
|
BILLERUD BENELUX BV AMSTERDAM |
NETHERLANDS |
|
|
BILLERUD FRANCE SAS PARIS |
FRANCE |
|
|
BILLERUD GMBH |
GERMANY |
|
|
BILLERUD IBERICA SL |
SPAIN |
|
|
Billerud Karlsborg Aktiebolag |
SWEDEN |
5563104198 |
|
BILLERUD SALES LTD |
UNITED KINGDOM |
|
|
Billerud Skog AB |
SWEDEN |
5567245641 |
|
Billerud Skärblacka Aktiebolag |
SWEDEN |
5561903179 |
|
BILLERUD SRL ITALY |
ITALY |
|
|
Billerud Tenova Bioplastics AB |
SWEDEN |
5566396197 |
|
BILLERUD TRADING CO LTD |
CHINA |
|
|
BILLERUD WOOD SUPPLY SIA |
SWEDEN |
|
|
CEBECO MEDIENA UAB |
SWEDEN |
|
|
Billerud Fresh Services AB |
SWEDEN |
5564597572 |
|
Affiliates |
||
|
Affiliate Name |
Country |
Number |
|
No affiliates for this company. |
|
|
FINANCIAL
INFORMATION
Financial Information
|
Profit and Loss |
|||
|
Financial Year |
2010 |
2009 |
2008 |
|
Number of Weeks |
52 |
52 |
52 |
|
Currency |
SEK |
SEK |
SEK |
|
Conslotidated Accounts |
N |
N |
N |
|
Revenue |
3.881.000.000 |
3.322.000.000 |
3.443.000.000 |
|
Operating Costs |
3.356.000.000 |
3.237.000.000 |
3.349.000.000 |
|
Operating Profit |
525.000.000 |
85.000.000 |
94.000.000 |
|
Wages & Salaries |
-608.000.000 |
-604.000.000 |
-597.000.000 |
|
Depreciation |
-256.000.000 |
-255.000.000 |
-227.000.000 |
|
Financial Income |
9.000.000 |
3.000.000 |
22.000.000 |
|
Financial Expenses |
-79.000.000 |
-121.000.000 |
-173.000.000 |
|
Extraordinary Income |
- |
- |
- |
|
Extraordinary Costs |
-79.000.000 |
-121.000.000 |
-173.000.000 |
|
Profit before Tax |
464.000.000 |
11.000.000 |
-53.000.000 |
|
Tax |
-673.000.000 |
579.000.000 |
-482.000.000 |
|
Profit after Tax |
464.000.000 |
11.000.000 |
-53.000.000 |
|
Minority Interests |
- |
- |
- |
|
Other Appropriations |
2.098.000.000 |
-2.098.000.000 |
1.900.000.000 |
|
Retained Profit |
1.889.000.000 |
-1.508.000.000 |
1.365.000.000 |
|
Balance Sheet |
||||
|
Financial Year |
2010 |
2009 |
2008 |
|
|
Number of Weeks |
52 |
52 |
52 |
|
|
Currency |
SEK |
SEK |
SEK |
|
|
Consolidated Accounts |
N |
N |
N |
|
|
Land & Buildings |
291.000.000 |
314.000.000 |
332.000.000 |
|
|
Plant & Machinery |
2.329.000.000 |
2.421.000.000 |
2.604.000.000 |
|
|
Other Tangible Assets |
18.000.000 |
27.000.000 |
6.000.000 |
|
|
Total Tangible Assets |
2.638.000.000 |
2.762.000.000 |
2.942.000.000 |
|
|
Goodwill |
0 |
0 |
0 |
|
|
Other Intangible Assets |
17.000.000 |
21.000.000 |
21.000.000 |
|
|
Total Intangible Assets |
17.000.000 |
21.000.000 |
21.000.000 |
|
|
Loans To Group |
0 |
0 |
0 |
|
|
Other Loans |
0 |
0 |
0 |
|
|
Miscellaneous Fixed Assets |
1.491.000.000 |
1.235.000.000 |
1.199.000.000 |
|
|
Total Other Fixed Assets |
1.491.000.000 |
1.235.000.000 |
1.199.000.000 |
|
|
TOTAL FIXED ASSETS |
4.146.000.000 |
4.018.000.000 |
4.162.000.000 |
|
|
Work In Progress |
0 |
0 |
0 |
|
|
Other Inventories |
376.000.000 |
326.000.000 |
341.000.000 |
|
|
Total Inventories |
376.000.000 |
326.000.000 |
341.000.000 |
|
|
Trade Receivables |
1.338.000.000 |
1.104.000.000 |
1.091.000.000 |
|
|
Group Receivables |
458.000.000 |
1.069.000.000 |
1.037.000.000 |
|
|
Miscellaneous Receivables |
111.000.000 |
128.000.000 |
83.000.000 |
|
|
Total Receivables |
1.907.000.000 |
2.301.000.000 |
2.211.000.000 |
|
|
Cash |
644.000.000 |
741.000.000 |
443.000.000 |
|
|
Other Current Assets |
0 |
0 |
0 |
|
|
TOTAL CURRENT ASSETS |
2.927.000.000 |
3.368.000.000 |
2.995.000.000 |
|
|
TOTAL ASSETS |
7.073.000.000 |
7.386.000.000 |
7.157.000.000 |
|
|
Trade Payables |
224.000.000 |
203.000.000 |
266.000.000 |
|
|
Bank Liabilities |
150.000.000 |
697.000.000 |
574.000.000 |
|
|
Group Payables |
426.000.000 |
194.000.000 |
564.000.000 |
|
|
Miscellaneous Liabilities |
412.000.000 |
274.000.000 |
269.000.000 |
|
|
TOTAL CURRENT LIABILITIES |
1.212.000.000 |
1.368.000.000 |
1.673.000.000 |
|
|
Bank Liabilities Due After 1 Year |
0 |
0 |
0 |
|
|
Other Loans Or Finance Due After 1 Year |
675.000.000 |
825.000.000 |
1.225.000.000 |
|
|
Group Payables After 1 Year |
0 |
0 |
0 |
|
|
Miscellaneous Liabilities Due After 1 Year |
930.000.000 |
2.697.000.000 |
1.891.000.000 |
|
|
TOTAL LONG TERM LIABILITIES |
1.946.000.000 |
3.790.000.000 |
3.188.000.000 |
|
|
TOTAL LIABILITIES |
3.158.000.000 |
5.158.000.000 |
4.861.000.000 |
|
|
Called Up Share Capital |
774.000.000 |
774.000.000 |
667.000.000 |
|
|
Share Premium |
0 |
827.000.000 |
9.000.000 |
|
|
Revenue Reserves |
3.147.000.000 |
478.000.000 |
1.471.000.000 |
|
|
Other Reserves |
-6.000.000 |
149.000.000 |
149.000.000 |
|
|
TOTAL SHAREHOLDERS EQUITY |
3.915.000.000 |
2.228.000.000 |
2.296.000.000 |
|
|
Other Financials |
||||
|
Contingent Liabilities |
97.000.000 |
104.000.000 |
121.000.000 |
|
|
Working Capital |
1.715.000.000 |
2.000.000.000 |
1.322.000.000 |
|
|
Net Worth |
3.898.000.000 |
2.207.000.000 |
2.275.000.000 |
|
|
Ratios |
|||
|
Pre-Tax Profit Margin |
11.96 % |
0.33 % |
-1.54 % |
|
Return On Capital Employed |
5.60 % |
0.13 % |
-0.60 % |
|
Return On Total Assets Employed |
6.56 % |
0.15 % |
-0.74 % |
|
Return On Net Assets Employed |
11.85 % |
0.49 % |
-2.31 % |
|
Sales/Net Working Capital |
2.26 |
1.66 |
2.60 |
|
Stock Turnover Ratio |
9.69 % |
9.81 % |
9.90 % |
|
Debtor Days |
125.84 |
121.30 |
115.66 |
|
Creditor Days |
21.07 |
22.30 |
28.20 |
|
Current Ratio |
2.42 |
2.46 |
1.79 |
|
Liquidity Ratio/Acid Test |
2.10 |
2.22 |
1.59 |
|
Current Debt Ratio |
0.31 |
0.61 |
0.73 |
|
Gearing |
31.34 % |
88.64 % |
128.75 % |
|
Equity In Percentage |
70.35 % |
36.35 % |
38.67 % |
|
Total Debt Ratio |
0.81 |
2.32 |
2.12 |
FOREIGN EXCHANGE
RATES
Na
ADDITIONAL
INFORMATION
|
Activities |
|
|
Activity Code |
Activity Description |
|
17123 |
Manufacture of kraft paper and paperboard |
|
17129 |
Manufacture of other paper and paperboard |
|
17112 |
Manufacture of sulphate pulp |
|
20140 |
Manufacture of other organic basic chemicals |
Other Information
|
Employee Information |
||
|
Year |
Number of Employees |
|
|
2010 |
924 |
|
|
2009 |
933 |
|
|
2008 |
1011 |
|
|
2007 |
1061 |
|
|
2006 |
1133 |
|
|
Advisors |
||
|
Auditor Name |
Ernst & Young Aktiebolag |
|
Additional Information
|
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 |
17123 |
|
Activity Description |
Manufacture of kraft paper and paperboard |
|
Industry Average Credit Rating |
81 (1 - 100) |
|
Industry Average Credit Limit |
19.123.000 SEK |
|
Event History |
|
|
Event Date |
Event Description |
|
20/09/2011 |
Authorised signatory, changed |
|
20/09/2011 |
Company representatives, changed |
|
20/09/2011 |
Board, changed |
|
06/09/2011 |
Interim report (PDF), new |
|
01/06/2011 |
Group annual accout, new |
|
01/06/2011 |
Annual account, new |
|
26/05/2011 |
Annual report (PDF), new |
|
14/05/2011 |
Board, changed |
|
14/05/2011 |
Authorised signatory, changed |
|
14/05/2011 |
Company representatives, changed |
|
12/02/2011 |
Company representatives, changed |
|
12/02/2011 |
Authorised signatory, changed |
|
12/02/2011 |
Board, changed |
|
14/01/2011 |
Company name, changed (old name: Billerud Aktiebolag) |
|
26/10/2010 |
Board, changed |
|
09/09/2010 |
Interim report (PDF), new |
|
01/06/2010 |
Annual account, new |
|
26/05/2010 |
Annual report (PDF), new |
|
11/05/2010 |
Board, changed |
|
11/05/2010 |
Authorised signatory, changed |
|
11/05/2010 |
Company representatives, changed |
|
10/09/2009 |
Authorised signatory, changed |
|
10/09/2009 |
Board, changed |
|
10/09/2009 |
Company representatives, changed |
|
09/09/2009 |
Interim report (PDF), new |
|
15/06/2009 |
Annual account, new |
|
01/06/2009 |
Annual report (PDF), new |
|
12/05/2009 |
Board, changed |
|
12/05/2009 |
Company representatives, changed |
|
29/09/2008 |
Board, changed |
|
28/05/2008 |
Annual account, new |
|
23/05/2008 |
Annual report (PDF), new |
|
27/12/2007 |
Board, changed |
|
27/12/2007 |
Company representatives, changed |
|
27/12/2007 |
Authorised signatory, changed |
|
26/12/2007 |
Board, changed |
|
26/12/2007 |
Authorised signatory, changed |
|
26/12/2007 |
Company representatives, changed |
|
25/12/2007 |
Board, changed |
|
25/12/2007 |
Company representatives, changed |
|
25/12/2007 |
Authorised signatory, changed |
|
03/07/2007 |
Annual account, new |
|
15/06/2007 |
Board, changed |
|
15/06/2007 |
Company representatives, changed |
|
15/06/2007 |
Authorised signatory, changed |
Na
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.51.65 |
|
|
1 |
Rs.81.06 |
|
Euro |
1 |
Rs.69.51 |
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.