MIRA INFORM
REPORT
|
Report Date : |
30.06.2011 |
IDENTIFICATION DETAILS
|
Name : |
OUTOKUMPU STAINLESS AB |
|
|
|
|
Registered Office : |
10327 Stockholm |
|
|
|
|
Country : |
Sweden |
|
|
|
|
Financials (as on) : |
2009 |
|
|
|
|
Date of Incorporation : |
17.01.1898 |
|
|
|
|
Com. Reg. No.: |
5560018748 |
|
|
|
|
Legal Form : |
Limited liability company |
|
|
|
|
Line of Business : |
Manufacture of basic iron and steel and of ferro-alloys |
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 – 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 |
REGISTERED NAME & COMPANY
SUMMARY
|
Business Name |
Outokumpu Stainless AB |
|
Country |
SWEDEN |
|
Company Registration Number |
5560018748 |
|
Main Activity |
Manufacture of basic iron and steel and of ferro-alloys |
|
Activity Code |
24100 |
|
Company Status |
Active |
|
Latest Turnover Figure |
10.007.000.000 SEK |
|
Latest Shareholder Equity Figure |
2.894.000.000 SEK |
Company Information
|
Basic
Information |
|
|
Business Name |
Outokumpu Stainless AB |
|
Registered Company Name |
Outokumpu Stainless AB |
|
Company Registration Number |
5560018748 |
|
Country |
SWEDEN |
|
VAT Registration Number |
SE556001874801 |
|
Date of Company Registration |
17/01/1898 |
|
Legal Form |
Limited liability company |
|
Company Status |
Active |
|
Currency of this Report |
SEK |
|
Principal Activity Description |
BOLAGET SKALL DIREKT ELLER GENOM INNEHAV
AV AKTIER OCH´ELLER ANDELAR I ANDRA FÖRETAG - TILLVERKA, UTVECKLA, SÄLJA OCH
DISTRIBUERA ROSTFRIA STÅLPRODUKTER, OCH NICKELBASERADE LEGERINGAR SAMT
BEDRIVA DÄRMED FÖRENLIG VERKSAMHET. (The Company shall, directly or through holdings
of shares OCH'ELLER participations
in other companies - manufactures,
develops, sells and distributes stainless steel
products, and nickel-based alloys
and conducts operations.) |
|
Contact Address |
10327 STOCKHOLM |
|
Contact Telephone Number |
0226-81000 |
|
Activities |
|
|
Activity Code |
Activity Description |
|
24100 |
Manufacture of basic iron and steel and of ferro-alloys |
|
24320 |
Cold rolling of narrow strip |
|
24330 |
Cold forming or folding |
|
62090 |
Other information technology and computer service activities |
CREDIT RECOMENDATION
Current Credit Limit: 250.000.000 SEK
Credit Rating /
Limit additional comments:
|
Current Credit Limit |
250.000.000 SEK |
|
Current Contract Limit |
2.544.300.000 SEK |
|
Date of Latest Rating Change |
12/03/2011 |
|
Previous Credit Rating |
90 |
|
Previous Rating Description |
Very good credit worthiness |
|
Previous Credit Limit |
10.000.001.000 SEK |
Directors/Managers
|
Current Directors |
|||
|
Name |
Appointment Date |
Position |
|
|
Bo Gerhard Annvik |
16/11/2007 |
Actual Member of Board |
|
|
Anders Lennart Finnström |
16/08/2006 |
Actual Member of Board |
|
|
Bengt Olov Anders Bergstrand |
24/02/2010 |
Actual Member of Board |
|
|
Leif Arne Axelsson |
|
Employee Representative |
|
|
Leif Arne Rosén |
09/07/2008 |
Actual Member of Board |
|
|
Mats Allan Nordén |
21/02/2003 |
Actual Member of Board |
|
|
Bo Karl-Gustaf Lindkvist |
03/09/2009 |
Substitute |
|
|
Herbert Wasserfaller |
16/11/2007 |
Substitute |
|
|
Previous Directors |
|||
|
Name |
Appointment Date |
Position |
Resignation Date |
|
Erkkilä, Pekka Tuomas |
31/10/2003 |
Foreign Resident in the EEA |
17/09/2010 |
|
Sigrid Kersti Maria Magnusson |
07/07/1999 |
Substitute |
03/09/2009 |
|
Ulf Peter Einar Öhnfeldt |
14/03/2006 |
Actual Member of Board |
09/07/2008 |
|
Karl Åke Sahlin |
16/08/2006 |
Actual Member of Board |
09/07/2008 |
|
Tauno Olavi Tommola |
10/07/2002 |
Substitute |
09/07/2008 |
|
Jensen, Ejlif |
31/10/2003 |
Substitute |
16/03/2007 |
|
Johan Sören Emanuel Aspgren |
|
Employee Representative |
16/08/2006 |
|
Kent Bror Arvid Källin |
03/06/1992 |
Employee Representative |
16/08/2006 |
|
Mats Allan Nordén |
21/02/2003 |
Managing Director |
16/08/2006 |
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 |
2 |
SHARE & SHARE CAPITAL
INFORMATION
Share Capital Structure
|
Issued Share
Capital |
1.580.001.000 SEK |
PAYMENT INFORMATION
Na
GROUP STRUCTURE & AFFILIATED
COMPANIES
Group Structure
|
Ultimate Holding
Parent |
|
|
|
Ultimate Holding
Company Name |
OUTOKUMPU STAINLESS STEEL OY |
|
|
Ultimate Holding
Company Country |
FINLAND |
|
|
Immediate
Holding Parent |
|
No information for this company. |
|
Subsidiary
Companies |
||
|
Subsidiary Name |
Country |
Number |
|
No subsidaries for this company. |
|
|
|
Affiliates |
||
|
Affiliate Name |
Country |
Number |
|
No affiliates for this company. |
|
|
FINANCIAL INFORMATION
Financial Information
|
Profit and Loss |
|||
|
Financial Year |
2009 |
2008 |
2007 |
|
Number of Weeks |
52 |
52 |
52 |
|
Currency |
SEK |
SEK |
SEK |
|
Conslotidated Accounts |
N |
N |
N |
|
Revenue |
10.177.000.000 |
19.071.000.000 |
25.171.000.000 |
|
Operating Costs |
11.132.000.000 |
18.739.000.000 |
22.697.000.000 |
|
Operating Profit |
-955.000.000 |
332.000.000 |
2.474.000.000 |
|
Wages & Salaries |
-1.206.000.000 |
-1.519.000.000 |
-1.319.000.000 |
|
Depreciation |
-666.000.000 |
-479.000.000 |
-449.000.000 |
|
Financial Income |
125.000.000 |
275.000.000 |
155.000.000 |
|
Financial Expenses |
-378.000.000 |
-1.030.000.000 |
-481.000.000 |
|
Extraordinary Income |
- |
- |
- |
|
Extraordinary Costs |
-378.000.000 |
-1.030.000.000 |
-481.000.000 |
|
Profit before Tax |
-1.688.000.000 |
-147.000.000 |
2.552.000.000 |
|
Tax |
212.000.000 |
75.000.000 |
-508.000.000 |
|
Profit after Tax |
-1.688.000.000 |
-147.000.000 |
2.552.000.000 |
|
Minority Interests |
- |
- |
- |
|
Other Appropriations |
400.000.000 |
325.000.000 |
-276.000.000 |
|
Retained Profit |
-1.076.000.000 |
253.000.000 |
1.768.000.000 |
|
Balance Sheet |
|||
|
Financial Year |
2009 |
2008 |
2007 |
|
Number of Weeks |
52 |
52 |
52 |
|
Currency |
SEK |
SEK |
SEK |
|
Consolidated Accounts |
N |
N |
N |
|
Land & Buildings |
728.000.000 |
630.000.000 |
603.000.000 |
|
Plant & Machinery |
3.168.000.000 |
3.080.000.000 |
3.127.000.000 |
|
Other Tangible Assets |
849.000.000 |
1.176.000.000 |
283.000.000 |
|
Total Tangible Assets |
4.745.000.000 |
4.886.000.000 |
4.013.000.000 |
|
Goodwill |
153.000.000 |
204.000.000 |
255.000.000 |
|
Other Intangible Assets |
0 |
0 |
0 |
|
Total Intangible Assets |
153.000.000 |
204.000.000 |
255.000.000 |
|
Loans To Group |
3.000.000 |
0 |
0 |
|
Other Loans |
0 |
0 |
0 |
|
Miscellaneous Fixed Assets |
6.455.000.000 |
6.734.000.000 |
4.836.000.000 |
|
Total Other Fixed Assets |
6.458.000.000 |
6.734.000.000 |
4.836.000.000 |
|
TOTAL FIXED ASSETS |
11.356.000.000 |
11.824.000.000 |
9.104.000.000 |
|
Work In Progress |
0 |
0 |
0 |
|
Other Inventories |
2.656.000.000 |
3.105.000.000 |
4.485.000.000 |
|
Total Inventories |
2.656.000.000 |
3.105.000.000 |
4.485.000.000 |
|
Trade Receivables |
846.000.000 |
1.279.000.000 |
2.086.000.000 |
|
Group Receivables |
2.885.000.000 |
3.237.000.000 |
3.902.000.000 |
|
Miscellaneous Receivables |
198.000.000 |
188.000.000 |
172.000.000 |
|
Total Receivables |
3.929.000.000 |
4.704.000.000 |
6.160.000.000 |
|
Cash |
0 |
0 |
0 |
|
Other Current Assets |
0 |
0 |
0 |
|
TOTAL CURRENT ASSETS |
6.585.000.000 |
7.809.000.000 |
10.645.000.000 |
|
TOTAL ASSETS |
17.941.000.000 |
19.633.000.000 |
19.749.000.000 |
|
Trade Payables |
555.000.000 |
505.000.000 |
829.000.000 |
|
Bank Liabilities |
0 |
0 |
0 |
|
Group Payables |
4.690.000.000 |
6.774.000.000 |
7.138.000.000 |
|
Miscellaneous Liabilities |
478.000.000 |
509.000.000 |
675.000.000 |
|
TOTAL CURRENT LIABILITIES |
5.723.000.000 |
7.788.000.000 |
8.642.000.000 |
|
Bank Liabilities Due After 1 Year |
0 |
0 |
0 |
|
Other Loans Or Finance Due After 1 Year |
0 |
0 |
0 |
|
Group Payables After 1 Year |
0 |
0 |
0 |
|
Miscellaneous Liabilities Due After 1 Year |
1.884.000.000 |
2.429.000.000 |
2.639.000.000 |
|
TOTAL LONG TERM LIABILITIES |
9.324.000.000 |
7.914.000.000 |
5.440.000.000 |
|
TOTAL LIABILITIES |
15.047.000.000 |
15.702.000.000 |
14.082.000.000 |
|
Called Up Share Capital |
1.580.000.000 |
1.580.000.000 |
1.580.000.000 |
|
Share Premium |
0 |
0 |
0 |
|
Revenue Reserves |
-629.000.000 |
436.000.000 |
2.143.000.000 |
|
Other Reserves |
1.943.000.000 |
1.915.000.000 |
1.944.000.000 |
|
TOTAL SHAREHOLDERS EQUITY |
2.894.000.000 |
3.931.000.000 |
5.667.000.000 |
|
Other Financials |
|||
|
Contingent Liabilities |
105.000.000 |
84.000.000 |
98.000.000 |
|
Working Capital |
862.000.000 |
21.000.000 |
2.003.000.000 |
|
Net Worth |
2.741.000.000 |
3.727.000.000 |
5.412.000.000 |
|
Ratios |
|||
|
Pre-Tax Profit Margin |
-16.59 % |
-0.77 % |
10.14 % |
|
Return On Capital Employed |
-7.13 % |
-0.54 % |
8.99 % |
|
Return On Total Assets Employed |
-9.41 % |
-0.75 % |
12.92 % |
|
Return On Net Assets Employed |
-58.33 % |
-3.74 % |
45.03 % |
|
Sales/Net Working Capital |
11.81 |
908.14 |
12.57 |
|
Stock Turnover Ratio |
26.10 % |
16.28 % |
17.82 % |
|
Debtor Days |
30.34 |
24.48 |
30.25 |
|
Creditor Days |
19.91 |
9.67 |
12.02 |
|
Current Ratio |
1.15 |
1.00 |
1.23 |
|
Liquidity Ratio/Acid Test |
0.69 |
0.60 |
0.71 |
|
Current Debt Ratio |
1.98 |
1.98 |
1.52 |
|
Gearing |
257.29 % |
139.71 % |
49.59 % |
|
Equity In Percentage |
25.54 % |
30.96 % |
38.66 % |
|
Total Debt Ratio |
5.20 |
3.99 |
|
FOREIGN EXCHANGE RATES
Please complete
ADDITIONAL INFORMATION
Contact Information
|
Main Address |
||
|
Address |
Country |
Telephone |
|
Box 16377, 10327 STOCKHOLM |
SWEDEN |
0226-81000 |
|
Other Address |
|
|
|
Address |
Country |
|
|
Koppardalsvägen 65, AVESTA 77441 |
SWEDEN |
|
|
Bergsnäsgatan 11 JERNVERKET, AVESTA 77441 |
SWEDEN |
|
|
Polervägen 8, AVESTA 77441 |
SWEDEN |
|
|
Industriområdet KLOSTERVERKEN, LÅNGSHYTTAN 77070 |
SWEDEN |
|
|
Jannelundsvägen, DEGERFORS 69331 |
SWEDEN |
|
|
Koppardalsvägen 71, AVESTA 77441 |
SWEDEN |
|
|
Nohabgatan 12 D, TROLLHÄTTAN 46153 |
SWEDEN |
|
|
Industrigatan 4, DEGERFORS 69335 |
SWEDEN |
|
|
Nybyvägen, TORSHÄLLA 64431 |
SWEDEN |
|
|
Email Addresses |
||
|
No information for this company. |
||
|
Web Pages |
|
www.outokumpu.com |
Other Information
|
Employee
Information |
|
|
Year |
Number of Employees |
|
2009 |
2149 |
|
2008 |
2303 |
|
2007 |
2257 |
|
2006 |
2191 |
|
2005 |
2253 |
|
Advisors |
|
|
Auditor Name |
KPMG AB |
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 |
24100 |
|
Activity
Description |
Manufacture of basic iron and steel and of ferro-alloys |
|
Industry Average
Credit Rating |
85 (1 - 100) |
|
Industry Average
Credit Limit |
32.092.000 SEK |
|
Event History |
|
||
|
Event Date |
Event
Description |
|
|
|
29/03/2011 |
Fax number, removed |
|
|
|
07/02/2011 |
Certificate, deregistered |
|
|
|
03/01/2011 |
Certificate, registered |
|
|
|
18/09/2010 |
Company representatives, changed |
|
|
|
18/09/2010 |
Board, changed |
|
|
|
18/09/2010 |
Authorised signatory, changed |
|
|
|
04/08/2010 |
Annual account, new |
|
|
|
28/07/2010 |
Annual report (PDF), new |
|
|
|
25/02/2010 |
Company representatives, changed |
|
|
|
25/02/2010 |
Authorised signatory, changed |
|
|
|
25/02/2010 |
Board, changed |
|
|
|
04/09/2009 |
Authorised signatory, changed |
|
|
|
04/09/2009 |
Board, changed |
|
|
|
04/09/2009 |
Company representatives, changed |
|
|
|
12/06/2009 |
Annual account, new |
|
|
|
01/06/2009 |
Annual report (PDF), new |
|
|
|
27/02/2009 |
Authorised signatory, changed |
|
|
|
27/02/2009 |
Board, changed |
|
|
|
27/02/2009 |
Company representatives, changed |
|
|
|
29/09/2008 |
Board, changed |
|
|
|
10/07/2008 |
Company representatives, changed |
|
|
|
10/07/2008 |
Board, changed |
|
|
|
10/07/2008 |
Authorised signatory, changed |
|
|
|
30/06/2008 |
Annual account, new |
|
|
|
18/06/2008 |
Annual report (PDF), new |
|
|
|
19/11/2007 |
Company representatives, changed |
|
|
|
19/11/2007 |
Board, changed |
|
|
|
19/11/2007 |
Authorised signatory, changed |
|
|
|
18/09/2007 |
Annual account, new |
|
|
|
19/03/2007 |
Authorised signatory, changed |
|
|
|
19/03/2007 |
Board, changed |
|
|
|
28/11/2006 |
Board, changed |
|
|
|
28/11/2006 |
Authorised signatory, changed |
|
|
|
28/11/2006 |
Company representatives, changed |
|
|
|
01/11/2006 |
Merge information, changed |
|
|
|
24/08/2006 |
Merge information, changed |
||
|
17/08/2006 |
Authorised signatory, changed |
||
|
17/08/2006 |
Company representatives, changed |
||
|
17/08/2006 |
Board, changed |
||
|
08/08/2006 |
Annual account, new |
||
NOTES & COMMENTS
Na
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.94 |
|
UK Pound |
1 |
Rs.71.91 |
|
Euro |
1 |
Rs.64.60 |
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.