MIRA
INFORM REPORT
|
Report Date : |
13.06.2011 |
IDENTIFICATION DETAILS
|
Name : |
akzo nobel functional chemicals ab |
|
|
|
|
Registered Office : |
|
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2009 |
|
|
|
|
Date of Incorporation : |
02.11.1983 |
|
|
|
|
Com. Reg. No.: |
5562349398 |
|
|
|
|
Legal Form : |
Private Companies AB |
|
|
|
|
Line of Business : |
Manufacture and sell the amines and derivatives and related business. |
RATING & COMMENTS
|
MIRA’s Rating : |
A |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Maximum Credit Limit : |
(KSEK) 50,000 |
|
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 – March 31st, 2011
|
Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
|
Sweden |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
Company
Summary
|
Company Details |
|
|
Company Name |
Akzo Nobel Functional Chemicals AB |
|
Registered Number |
5562349398 |
|
Address |
|
|
Town |
STENUNGSUND |
|
PostCode |
44485 STENUNGSUND |
|
Region |
VÄSTRA GÖTALAND |
|
Telephone |
0303-85000 |
|
Fax |
- |
|
Legal Form |
A2 |
|
Currency |
KSEK (all financial data is in thousands) |
|
Share Capital |
100 |
|
Registration Date |
02/11/1983 |
|
Email |
egbert.henstra@akzonobel.com |
|
Web Address |
www.akzonobel.com/ea |
|
Company Type |
Private Companies AB |
|
Credit Information Summary |
|
|
Company Status |
Active |
|
Credit Limit (KSEK) |
50,000 |
|
Purchase Limit |
835,300 |
|
Date of Latest Accounts |
31/12/2009 |
|
Net Sales |
3,341,279 |
|
Profit After Financial Items |
726,047 |
|
Net Worth |
554,340 |
|
Court Data Summary |
|
|
Record of Non-Payment |
|
|
Number Of CCJs |
0 |
|
Number Of Taxation Claims |
0 |
|
Number Of Payment Applications |
0 |
|
Debt Balance at Kronofogdemyndigheten |
|
|
Balance Single (KSEK) |
0 |
|
Balance Common ROP (KSEK) |
0 |
|
Total (KSEK) |
0 |
|
Number Single |
0 |
|
Number Common |
0 |
|
Total Number |
0 |
Additional
Information
|
Company Details |
|
|
Company Number |
5562349398 |
|
Company Name |
Akzo Nobel Functional Chemicals AB |
|
Activity Description |
The
company will manufacture and sell
the amines and derivatives and related
business. |
|
Trade Code |
20140 |
|
Trade Description |
Organisk baskemikalieindustri |
|
Taxes & Charges |
|
|
Registered Tax |
Yes |
|
Registered VAT |
Yes |
|
Registered Employee Tax |
Yes |
|
Other Information |
|
|
Accountant Audited (YES/NO) |
Yes |
|
Employees |
403 |
|
Floating Charge |
0 |
Accounts
& Ratios
|
Period |
|||||
|
Company Number |
5562349398 |
Changes |
5562349398 |
Changes |
5562349398 |
|
Accounts End Date |
2009-12-31T00:00:00 |
% |
2008-12-31T00:00:00 |
% |
2007-12-31T00:00:00 |
|
Number Of Months |
12 |
- |
12 |
- |
12 |
|
Currency |
KSEK |
- |
KSEK |
- |
KSEK |
|
Profit & Loss |
|||||
|
Turnover |
3,341,279 |
-4.3% |
3,489,827 |
15.7% |
3,016,315 |
|
Total Operating Expenses |
2,597,619 |
-14.2% |
3,026,216 |
15.4% |
2,621,527 |
|
Operating Result |
743,660 |
60.4% |
463,611 |
17.4% |
394,788 |
|
Total Financial Income |
825 |
5.4% |
783 |
-85.3% |
5,311 |
|
Total Financial Expenses |
18,439 |
-65.0% |
52,637 |
3.6% |
50,804 |
|
Profit Loss After Financial Items |
726,047 |
76.3% |
411,758 |
17.9% |
349,296 |
|
Taxation |
7,952 |
-65.2% |
22,868 |
-33.7% |
34,487 |
|
Group Contribute |
-735,000 |
-162.5% |
-280,000 |
-600.0% |
-40,000 |
|
Extraordinary Items |
0 |
- |
0 |
- |
0 |
|
Other Appropriations |
23,215 |
142.4% |
-54,752 |
68.6% |
-174,464 |
|
Minority Interest And Profit |
0 |
- |
0 |
- |
0 |
|
Net Result |
6,311 |
-88.3% |
54,138 |
-46.0% |
100,344 |
|
Other Information |
|||||
|
- Employee Costs |
108,249 |
19.8% |
90,358 |
0.3% |
90,088 |
|
- Dividends |
0 |
- |
0 |
- |
0 |
|
Balance Sheet |
|||||
|
Accounts End Date |
2009-12-31T00:00:00 |
% |
2008-12-31T00:00:00 |
% |
2007-12-31T00:00:00 |
|
Number Of Months |
12 |
|
12 |
|
12 |
|
Currency |
KSEK |
- |
KSEK |
- |
KSEK |
|
Intangible Fixed Assets |
36,653 |
-7.4% |
39,596 |
-6.9% |
42,539 |
|
- Goodwill |
0 |
- |
0 |
- |
0 |
|
- Other Intangible Assets |
36,653 |
-7.4% |
39,596 |
-6.9% |
42,539 |
|
Tangible Fixed Assets |
643,655 |
-8.9% |
706,897 |
-16.8% |
849,661 |
|
- Land And Buildings |
57,559 |
-7.6% |
62,292 |
-5.3% |
65,802 |
|
- Plant And Machinery |
0 |
- |
0 |
- |
0 |
|
- Other Tangible Fixed Assets |
36,124 |
-0.6% |
36,349 |
-59.1% |
88,919 |
|
Financial Fixed Assets |
17,294 |
-3.1% |
17,842 |
-3.7% |
18,527 |
|
Total Fixed Assets |
697,602 |
-8.7% |
764,335 |
-16.1% |
910,726 |
|
Inventories |
311,395 |
-34.4% |
474,513 |
87.9% |
252,591 |
|
Trade Accounts Receivable |
504,062 |
3.8% |
485,555 |
17.8% |
412,319 |
|
- Cash |
0 |
- |
0 |
-100.0% |
5 |
|
- Miscellaneous Current Assets |
169,778 |
-29.0% |
239,177 |
233.9% |
71,640 |
|
Total Current Assets |
985,235 |
-17.8% |
1,199,245 |
62.8% |
736,555 |
|
|
|||||
|
Current Liabilities |
|||||
|
- Trade Creditors |
388,457 |
25.1% |
310,627 |
45.5% |
213,464 |
|
- Short Term Group Loans |
593,680 |
-36.3% |
931,892 |
- |
0 |
|
- Other Short Term Loans |
0 |
- |
0 |
- |
0 |
|
- Miscellaneous Current Liabilities |
95,269 |
-10.1% |
105,945 |
-87.5% |
847,866 |
|
Total Current Liabilities |
1,077,406 |
-20.1% |
1,348,464 |
27.1% |
1,061,330 |
|
Long Term Debts |
|||||
|
- Long Term Group Loans |
0 |
- |
0 |
- |
0 |
|
- Other Long Term Loans |
0 |
- |
0 |
- |
0 |
|
- Other Long Term Liabilities |
7,219 |
0.0% |
7,219 |
0.0% |
7,219 |
|
Total Long Term Debts |
7,219 |
0.0% |
7,219 |
0.0% |
7,219 |
|
Shareholders Equity |
|||||
|
Issued Share Capital |
100 |
0.0% |
100 |
0.0% |
100 |
|
Share Premium Account |
0 |
- |
0 |
- |
0 |
|
Other Share Capital And Reserves |
148,489 |
4.4% |
142,178 |
61.5% |
88,039 |
|
Revaluation Reserve |
0 |
- |
0 |
- |
0 |
|
Shareholders Equity |
590,993 |
-2.8% |
607,897 |
21.8% |
499,007 |
|
|
|||||
|
Working Capital |
-92,171 |
38.2% |
-149,219 |
54.1% |
-324,775 |
|
Net Worth |
554,340 |
-2.5% |
568,301 |
24.5% |
456,468 |
|
|
|||||
|
Ratios Analysis |
|||||
|
|
|||||
|
Return On Capital |
1.55 |
80.3% |
0.86 |
-5.3% |
0.91 |
|
Return On Capital Employed |
0.44 |
86.5% |
0.24 |
-2.5% |
0.24 |
|
Profit Margin |
0.22 |
67.7% |
0.13 |
1.5% |
0.13 |
|
Gross Profit Margin |
0.31 |
34.9% |
0.23 |
6.9% |
0.22 |
|
Capital Turnover |
1.99 |
11.8% |
1.78 |
-2.9% |
1.83 |
|
Solidity |
0.28 |
14.4% |
0.24 |
4.3% |
0.23 |
|
Rate Of Return |
40.38 |
357.6% |
8.82 |
12.0% |
7.88 |
|
|
|||||
|
Acid Test Ratio |
0.63 |
16.4% |
0.54 |
17.8% |
0.46 |
|
Inventory Turnover |
5.84 |
-20.8% |
7.38 |
-21.4% |
9.38 |
|
Average Payment Period |
44.05 |
8.4% |
40.63 |
1.8% |
39.92 |
|
Turnover / Employee |
8,291.02 |
-0.7% |
8,348.87 |
14.9% |
7,268.23 |
|
Average Debt Equity Ratio |
0.02 |
-57.1% |
0.04 |
-18.6% |
0.04 |
|
Cash Flow From Operation |
0.22 |
93.7% |
0.11 |
6.7% |
0.10 |
|
Accounts Receivable Turnover |
6.63 |
-7.8% |
7.19 |
-1.7% |
7.32 |
Record
of Payment / Debt Balance
|
Company CCJ's |
|
|
No CCJ's for this company. |
|
|
Company Tax Charges |
|
|
No CCJ's for this company. |
|
|
Company Debt Balance |
|
|
No company debt balance for this company. |
|
Event
History
|
Event Date |
Event Description |
|
07/09/2010 |
Board changed |
|
13/08/2010 |
Board changed |
|
13/08/2010 |
Authorised signatory changed |
|
05/08/2010 |
Change in company representatives |
|
05/08/2010 |
Authorised signatory changed |
|
05/08/2010 |
Board changed |
|
29/06/2010 |
New annual account |
|
04/06/2010 |
New annual report (PDF) |
|
02/07/2009 |
Board changed |
|
02/07/2009 |
Authorised signatory changed |
|
02/07/2009 |
Change in company representatives |
|
28/05/2009 |
New annual account |
|
20/05/2009 |
New annual report (PDF) |
|
05/09/2008 |
New interim report (PDF) |
|
03/06/2008 |
New annual account |
|
27/05/2008 |
New annual report (PDF) |
|
10/07/2007 |
New annual account |
|
19/06/2007 |
Change in company representatives |
|
19/06/2007 |
Board changed |
|
19/06/2007 |
Authorised signatory changed |
|
08/05/2007 |
Company merge procedures |
|
01/03/2007 |
Company merge procedures |
|
20/10/2006 |
Board changed |
|
11/10/2006 |
Board changed |
|
11/10/2006 |
Company business activity |
|
11/10/2006 |
Authorised signatory changed |
|
11/10/2006 |
Change in company representatives |
|
28/06/2006 |
New annual account |
|
03/05/2006 |
Authorised signatory changed |
|
03/05/2006 |
Board changed |
Group
Structure
|
No group structure for this company. |
Directors
|
Director |
|
|
Company Number |
5562349398 |
|
Person Number |
7206137833 |
|
Person Name |
|
|
From Date |
10/10/2006 |
|
To Date |
// |
|
Person Function |
Ledamot |
|
Director |
|
|
Company Number |
5562349398 |
|
Person Number |
5112025035 |
|
Person Name |
Gustavsson, Leif Bo Ingemar |
|
From Date |
01/07/2009 |
|
To Date |
// |
|
Person Function |
Ledamot |
|
Director |
|
|
Company Number |
5562349398 |
|
Person Number |
6304220376 |
|
Person Name |
Henstra, Egbert Anton |
|
From Date |
04/08/2010 |
|
To Date |
// |
|
Person Function |
Ledamot |
|
Director |
|
|
Company Number |
5562349398 |
|
Person Number |
6901050424 |
|
Person Name |
Öberg, Ann Charlott Margareta |
|
From Date |
04/08/2010 |
|
To Date |
// |
|
Person Function |
Ledamot |
|
Director |
|||||||||||
|
Company Number |
5562349398 |
||||||||||
|
Person Number |
4709100236 |
||||||||||
|
Person Name |
Öhlin, Tommy Carl Kenneth |
||||||||||
|
From Date |
10/10/2006 |
||||||||||
|
To Date |
// |
||||||||||
|
Person Function |
Ledamot |
||||||||||
|
|||||||||||
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|||||||||||
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||||||||||
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||||||||||
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||||||||||
|
Director |
|
|
Company Number |
5562349398 |
|
Person Number |
5608315007 |
|
Person Name |
Nilsson, Britt Ingegerd |
|
From Date |
01/11/2003 |
|
To Date |
// |
|
Person Function |
Suppleant |
|
Director |
|||||||||||
|
Company Number |
5562349398 |
||||||||||
|
Person Number |
6508294870 |
||||||||||
|
Person Name |
Rundblad, Mats Lennart |
||||||||||
|
From Date |
10/10/2006 |
||||||||||
|
To Date |
// |
||||||||||
|
Person Function |
Suppleant |
||||||||||
|
|||||||||||
|
Director |
|||||||||||
|
Company Number |
5562349398 |
||||||||||
|
Person Number |
4709100236 |
||||||||||
|
Person Name |
Öhlin, Tommy Carl Kenneth |
||||||||||
|
From Date |
10/10/2006 |
||||||||||
|
To Date |
// |
||||||||||
|
Person Function |
Ordförande |
||||||||||
|
|||||||||||
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|||||||||||
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|||||||||||
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|||||||||||
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|||||||||||
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Director |
|
|
Company Number |
5562349398 |
|
Person Number |
6304220376 |
|
Person Name |
Henstra, Egbert Anton |
|
From Date |
04/08/2010 |
|
To Date |
// |
|
Person Function |
Verkställande direktör |
|
Director |
|
|
Company Number |
5562349398 |
|
Person Number |
7112072579 |
|
Person Name |
Dikkerboom, Anne Ton Bart |
|
From Date |
18/06/2007 |
|
To Date |
// |
|
Person Function |
Extern firmatecknare |
|
Director |
|||||||||||
|
Company Number |
5562349398 |
||||||||||
|
Person Number |
5808016637 |
||||||||||
|
Person Name |
Fritiofsson, Stefan Olof |
||||||||||
|
From Date |
01/07/2009 |
||||||||||
|
To Date |
// |
||||||||||
|
Person Function |
Extern firmatecknare |
||||||||||
|
|||||||||||
|
|||||||||||
|
|||||||||||
|
|||||||||||
|
Director |
|
|
Company Number |
5562349398 |
|
Person Number |
4802122970 |
|
Person Name |
Johansson, Claes Arne Karl-Axel |
|
From Date |
01/07/2009 |
|
To Date |
// |
|
Person Function |
Extern firmatecknare |
|
Director |
|||||||||||
|
Company Number |
5562349398 |
||||||||||
|
Person Number |
5603171504 |
||||||||||
|
Person Name |
Nytorp, Karin Elisabet |
||||||||||
|
From Date |
01/07/2009 |
||||||||||
|
To Date |
// |
||||||||||
|
Person Function |
Extern firmatecknare |
||||||||||
|
|||||||||||
|
|||||||||||
|
Director |
|||||||||||
|
Company Number |
5562349398 |
||||||||||
|
Person Number |
5202203575 |
||||||||||
|
Person Name |
Reveman, Ulf Helmer |
||||||||||
|
From Date |
01/07/2009 |
||||||||||
|
To Date |
// |
||||||||||
|
Person Function |
Extern firmatecknare |
||||||||||
|
|||||||||||
|
Director |
|
|
Company Number |
5562349398 |
|
Person Number |
7209227227 |
|
Person Name |
Safarova, Marina |
|
From Date |
04/09/2002 |
|
To Date |
// |
|
Person Function |
Extern firmatecknare |
|
Director |
|||||||||||
|
Company Number |
5562349398 |
||||||||||
|
Person Number |
4901023533 |
||||||||||
|
Person Name |
Tilly, Nils Åke Göran |
||||||||||
|
From Date |
01/07/2009 |
||||||||||
|
To Date |
// |
||||||||||
|
Person Function |
Extern firmatecknare |
||||||||||
|
|||||||||||
|
Director |
|
|
Company Number |
5562349398 |
|
Person Number |
7206137833 |
|
Person Name |
|
|
From Date |
10/10/2006 |
|
To Date |
// |
|
Person Function |
Arbetstagarrepresentant |
|
Director |
|
|
Company Number |
5562349398 |
|
Person Number |
5608315007 |
|
Person Name |
Nilsson, Britt Ingegerd |
|
From Date |
01/11/2003 |
|
To Date |
// |
|
Person Function |
Arbetstagarrepresentant |
|
Director |
|||||||||||
|
Company Number |
5562349398 |
||||||||||
|
Person Number |
6508294870 |
||||||||||
|
Person Name |
Rundblad, Mats Lennart |
||||||||||
|
From Date |
10/10/2006 |
||||||||||
|
To Date |
// |
||||||||||
|
Person Function |
Arbetstagarrepresentant |
||||||||||
|
|||||||||||
|
Director |
|
|
Company Number |
5562349398 |
|
Person Number |
6901050424 |
|
Person Name |
Öberg, Ann Charlott Margareta |
|
From Date |
04/08/2010 |
|
To Date |
// |
|
Person Function |
Arbetstagarrepresentant |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.72 |
|
|
1 |
Rs.72.93 |
|
Euro |
1 |
Rs.64.72 |
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.