|
Report Date : |
26.04.2012 |
IDENTIFICATION DETAILS
|
Name : |
FAGERSTA STAINLESS AKTIEBOLAG |
|
|
|
|
Registered Office : |
|
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
2010 |
|
|
|
|
Date of Incorporation : |
21.01.1948 |
|
|
|
|
Com. Reg. No.: |
5560516881 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
Manufacture of basic iron and steel and of ferro-alloys |
|
|
|
|
No. of Employees : |
280 |
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 : |
50.000.000 SEK |
|
|
|
|
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 31st, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
|
Sweden |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
Company Summary
|
Business Name |
FAGERSTA STAINLESS AKTIEBOLAG |
||
|
Country |
SWEDEN |
||
|
Company Registration Number |
5560516881 |
||
|
Main Activity |
Manufacture of basic iron and steel and of ferro-alloys |
||
|
Activity Code |
24100 |
||
|
Company Status |
Active |
||
|
Latest Turnover Figure |
1.789.800.000 SEK |
||
|
Latest Shareholder Equity Figure |
311.300.000 SEK |
||
|
Credit Limit |
50.000.000 SEK |
||
|
Basic Information |
|||
|
Business Name |
Fagersta Stainless Aktiebolag |
||
|
Registered Company Name |
Fagersta Stainless Aktiebolag |
||
|
Company Registration Number |
5560516881 |
||
|
Country |
SWEDEN |
||
|
VAT Registration Number |
SE556051688101 |
||
|
Date of Company Registration |
21/01/1948 |
||
|
Legal Form |
Limited liability company |
||
|
Company Status |
Active |
||
|
Currency of this Report |
SEK |
||
|
Principal Activity Description |
Bolaget skall tillverka och försälja varmvalsad
tråd och band samt därmed förenlig verksamhet. |
||
|
Contact Address |
73725 FAGERSTA |
||
|
Contact Telephone Number |
0223-45500 |
||
|
Activities |
|||
|
Activity Code |
Activity Description |
||
|
24100 |
Manufacture of basic iron and steel and of ferro-alloys |
||
|
Main Address |
|||
|
Address |
Country |
Telephone |
|
|
Box 508, 73725 FAGERSTA |
SWEDEN |
0223-45500 |
|
|
Other Address |
|||
|
Address |
Country |
||
|
No other addresses for this company. |
|
||
|
Email Addresses |
|||
|
No information for this company. |
|||
|
Web Pages |
|||
|
No information for this company. |
|||
|
Issued Share Capital |
80.000.000 SEK |
||
Current Credit Limit: 50.000.000 SEK
|
Current Directors |
|||
|
Name |
Appointment Date |
Position |
|
|
Grahn, Tommy Verner |
27/04/2006 |
Actual Member of Board |
|
|
Kjell Erik Sune Andersson |
24/03/1994 |
Actual Member of Board |
|
|
Lars Esbjörn Edberg |
15/09/2000 |
Actual Member of Board |
|
|
Mats Allan Nordén |
27/04/2006 |
Actual Member of Board |
|
|
Sune Gustav Eriksson |
25/01/2008 |
Actual Member of Board |
|
|
Ulf Peter Einar Öhnfeldt |
20/12/2011 |
Actual Member of Board |
|
|
Laitinen, Kai Kristian |
20/12/2011 |
Substitute |
|
|
Andreas Erik Urban Burman |
20/12/2011 |
Substitute |
|
|
Frick Håkan Nyve |
20/12/2011 |
Substitute |
|
|
Sivert Gunnar Kilberg |
07/11/2002 |
Substitute |
|
|
Previous Directors |
|||
|
Name |
Appointment Date |
Position |
Resignation Date |
|
Sune Gustav Eriksson |
25/01/2008 |
Chairman of Board |
12/08/2008 |
|
Jan Åke Öhman |
31/07/2007 |
Actual Member of Board |
20/12/2011 |
|
Göte Conny Eriksson |
15/09/2000 |
Substitute |
20/12/2011 |
|
Pyyskänen, Mika Johannes |
06/02/2006 |
Substitute |
20/12/2011 |
|
Ulf Peter Einar Öhnfeldt |
20/11/2008 |
Substitute |
20/12/2011 |
|
Grahn, Tommy Verner |
12/08/2008 |
Chairman of Board |
10/06/2009 |
|
Mats Göran Helmer Björkman |
27/08/2005 |
Substitute |
20/11/2008 |
|
Lars Bengt Olov Wijk |
15/09/2000 |
Actual Member of Board |
25/01/2008 |
|
Petra Irene Einarsson |
31/10/2003 |
Actual Member of Board |
31/07/2007 |
|
Advisors |
|
|
Auditor Name |
Bengt Ove Wallinder |
No negative information
found.
|
Latest Turnover Figure |
1.789.800.000 SEK |
|
|
Latest Shareholder Equity Figure |
311.300.000 SEK |
|
|
Issued Share Capital |
80.000.000 SEK |
|
|
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 |
|
Ultimate Holding Parent |
||||
|
No information for this company. |
||||
|
Immediate Holding Parent |
||||
|
No information for this company. |
||||
|
Subsidiary Companies |
||||
|
Subsidiary Name |
Country |
Number |
||
|
FAGERSTA STAINLESS INC |
UNITED STATES |
|
||
|
Affiliates |
||||
|
Affiliate Name |
Country |
Number |
||
|
No affiliates for this company. |
|
|
||
|
Profit and Loss |
||||||||||||
|
Financial Year |
2010 |
2009 |
2008 |
|||||||||
|
Number of Weeks |
52 |
52 |
52 |
|||||||||
|
Currency |
SEK |
SEK |
SEK |
|||||||||
|
Consolidated Accounts |
N |
N |
N |
|||||||||
|
Revenue |
1.845.400.000 |
951.800.000 |
2.103.100.000 |
|||||||||
|
Operating Costs |
1.780.800.000 |
1.099.500.000 |
2.128.100.000 |
|||||||||
|
Operating Profit |
64.600.000 |
-147.700.000 |
-25.000.000 |
|||||||||
|
Wages & Salaries |
-144.500.000 |
-139.800.000 |
-154.500.000 |
|||||||||
|
Depreciation |
-20.000.000 |
-20.300.000 |
-20.500.000 |
|||||||||
|
Financial Income |
100.000 |
100.000 |
1.600.000 |
|||||||||
|
Financial Expenses |
-1.600.000 |
-2.500.000 |
-9.400.000 |
|||||||||
|
Extraordinary Income |
- |
- |
- |
|||||||||
|
Extraordinary Costs |
-1.600.000 |
-2.500.000 |
-9.400.000 |
|||||||||
|
Profit before Tax |
63.100.000 |
-150.100.000 |
-32.800.000 |
|||||||||
|
Tax |
- |
10.000.000 |
- |
|||||||||
|
Profit after Tax |
63.100.000 |
-150.100.000 |
-32.800.000 |
|||||||||
|
Minority Interests |
- |
- |
- |
|||||||||
|
Other Appropriations |
-65.300.000 |
109.600.000 |
28.900.000 |
|||||||||
|
Retained Profit |
-2.200.000 |
-30.500.000 |
-3.900.000 |
|||||||||
|
Balance Sheet |
||||||||||||
|
Financial Year |
2010 |
2009 |
2008 |
|||||||||
|
Number of Weeks |
52 |
52 |
52 |
|||||||||
|
Currency |
SEK |
SEK |
SEK |
|||||||||
|
Consolidated Accounts |
N |
N |
N |
|||||||||
|
Land & Buildings |
26.100.000 |
23.000.000 |
22.900.000 |
|||||||||
|
Plant & Machinery |
117.300.000 |
120.700.000 |
107.900.000 |
|||||||||
|
Other Tangible Assets |
18.700.000 |
20.400.000 |
29.500.000 |
|||||||||
|
Total Tangible Assets |
162.100.000 |
164.100.000 |
160.300.000 |
|||||||||
|
Goodwill |
0 |
0 |
0 |
|||||||||
|
Other Intangible Assets |
0 |
0 |
0 |
|||||||||
|
Total Intangible Assets |
0 |
0 |
0 |
|||||||||
|
Loans To Group |
0 |
0 |
0 |
|||||||||
|
Other Loans |
0 |
0 |
0 |
|||||||||
|
Miscellaneous Fixed Assets |
11.100.000 |
11.000.000 |
800.000 |
|||||||||
|
Total Other Fixed Assets |
11.100.000 |
11.000.000 |
800.000 |
|||||||||
|
TOTAL FIXED ASSETS |
173.200.000 |
175.100.000 |
161.100.000 |
|||||||||
|
Work In Progress |
0 |
0 |
0 |
|||||||||
|
Other Inventories |
322.100.000 |
278.700.000 |
316.500.000 |
|||||||||
|
Total Inventories |
322.100.000 |
278.700.000 |
316.500.000 |
|||||||||
|
Trade Receivables |
349.500.000 |
199.800.000 |
306.400.000 |
|||||||||
|
Group Receivables |
0 |
0 |
0 |
|||||||||
|
Miscellaneous Receivables |
9.200.000 |
15.700.000 |
34.500.000 |
|||||||||
|
Total Receivables |
358.700.000 |
215.500.000 |
340.900.000 |
|||||||||
|
Cash |
400.000 |
1.200.000 |
12.900.000 |
|||||||||
|
Other Current Assets |
0 |
0 |
0 |
|||||||||
|
TOTAL CURRENT ASSETS |
681.200.000 |
495.400.000 |
670.300.000 |
|||||||||
|
TOTAL ASSETS |
854.400.000 |
670.500.000 |
831.400.000 |
|||||||||
|
Trade Payables |
294.400.000 |
193.400.000 |
152.400.000 |
|||||||||
|
Bank Liabilities |
38.200.000 |
26.400.000 |
48.500.000 |
|||||||||
|
Group Payables |
0 |
0 |
200.000 |
|||||||||
|
Miscellaneous Liabilities |
32.900.000 |
25.200.000 |
60.200.000 |
|||||||||
|
TOTAL CURRENT LIABILITIES |
365.500.000 |
245.000.000 |
261.300.000 |
|||||||||
|
Bank Liabilities Due After 1 Year |
30.000.000 |
30.000.000 |
30.000.000 |
|||||||||
|
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 |
147.600.000 |
82.100.000 |
196.100.000 |
|||||||||
|
TOTAL LONG TERM LIABILITIES |
177.600.000 |
112.100.000 |
226.100.000 |
|||||||||
|
TOTAL LIABILITIES |
543.100.000 |
357.100.000 |
487.400.000 |
|||||||||
|
Called Up Share Capital |
80.000.000 |
80.000.000 |
80.000.000 |
|||||||||
|
Share Premium |
0 |
0 |
0 |
|||||||||
|
Revenue Reserves |
215.300.000 |
217.400.000 |
248.000.000 |
|||||||||
|
Other Reserves |
16.000.000 |
16.000.000 |
16.000.000 |
|||||||||
|
TOTAL SHAREHOLDERS EQUITY |
311.300.000 |
313.400.000 |
344.000.000 |
|||||||||
|
Other Financials |
||||||||||||
|
Contingent Liabilities |
0 |
0 |
0 |
|||||||||
|
Working Capital |
315.700.000 |
250.400.000 |
409.000.000 |
|||||||||
|
Net Worth |
311.300.000 |
313.400.000 |
344.000.000 |
|||||||||
|
Ratios |
||||||||||||
|
Pre-Tax Profit Margin |
3.42 % |
-15.77 % |
-1.56 % |
|||||||||
|
Return On Capital Employed |
5.17 % |
-16.40 % |
-3.00 % |
|||||||||
|
Return On Total Assets Employed |
7.39 % |
-22.39 % |
-3.95 % |
|||||||||
|
Return On Net Assets Employed |
20.27 % |
-47.89 % |
-9.53 % |
|||||||||
|
Sales/Net Working Capital |
5.85 |
3.80 |
5.14 |
|||||||||
|
Stock Turnover Ratio |
17.45 % |
29.28 % |
15.05 % |
|||||||||
|
Debtor Days |
69.13 |
76.62 |
53.18 |
|||||||||
|
Creditor Days |
58.23 |
74.17 |
26.45 |
|||||||||
|
Current Ratio |
1.86 |
2.02 |
2.57 |
|||||||||
|
Liquidity Ratio/Acid Test |
0.98 |
0.88 |
1.35 |
|||||||||
|
Current Debt Ratio |
1.17 |
0.78 |
0.76 |
|||||||||
|
Gearing |
21.91 % |
18.00 % |
22.82 % |
|||||||||
|
Equity In Percentage |
36.91 % |
47.52 % |
41.42 % |
|||||||||
|
Total Debt Ratio |
1.74 |
1.14 |
1.42 |
|||||||||
Na
|
Employee Information |
||||||
|
Year |
Number of Employees |
|||||
|
2010 |
280 |
|||||
|
2009 |
276 |
|||||
|
2008 |
309 |
|||||
|
2007 |
303 |
|||||
|
2006 |
308 |
|||||
|
Tax Registrations |
||||||
|
Registered for Tax |
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 Limit |
32.092.000 SEK |
|||||
|
Event History |
||||||
|
Event Date |
Event Description |
|||||
|
21/04/2012 |
Authorised signatory, changed |
|||||
|
21/04/2012 |
Company representatives, changed |
|||||
|
21/04/2012 |
Board, changed |
|||||
|
16/04/2012 |
Annual report (PDF), new |
|||||
|
21/12/2011 |
Authorised signatory, changed |
|||||
|
21/12/2011 |
Board, changed |
|||||
|
21/12/2011 |
Company representatives, changed |
|||||
|
28/07/2011 |
Annual account, new |
|||||
|
28/07/2011 |
Board, changed |
|||||
|
28/07/2011 |
Company representatives, changed |
|||||
|
28/07/2011 |
Group annual accout, new |
|||||
|
28/07/2011 |
Authorised signatory, changed |
|||||
|
20/07/2011 |
Annual report (PDF), new |
|||||
|
08/06/2011 |
Certificate, registered |
|||||
|
13/04/2011 |
Certificate, deregistered |
|||||
|
29/03/2011 |
Phone number, new |
|||||
|
29/03/2011 |
Fax number, new |
|||||
|
06/12/2010 |
Certificate, registered |
|||||
|
06/12/2010 |
Certificate, deregistered |
|||||
|
16/10/2010 |
Phone number, removed |
|||||
|
16/10/2010 |
Fax number, removed |
|||||
|
18/08/2010 |
Company representatives, changed |
|||||
|
18/08/2010 |
Board, changed |
|||||
|
18/08/2010 |
Authorised signatory, changed |
|||||
|
13/08/2010 |
Annual account, new |
|||||
|
06/08/2010 |
Annual report (PDF), new |
|||||
|
06/07/2009 |
Annual account, new |
|||||
|
18/06/2009 |
Annual report (PDF), new |
|||||
|
11/06/2009 |
Board, changed |
|||||
|
11/06/2009 |
Company representatives, changed |
|||||
|
11/06/2009 |
Authorised signatory, changed |
|||||
|
21/11/2008 |
Authorised signatory, changed |
|||||
|
21/11/2008 |
Board, changed |
|||||
|
21/11/2008 |
Company representatives, changed |
|||||
|
30/09/2008 |
Company representatives, changed |
|||||
|
30/09/2008 |
Board, changed |
|||||
|
30/09/2008 |
Authorised signatory, changed |
|||||
|
03/09/2008 |
Board, changed |
|||||
|
03/09/2008 |
Company representatives, changed |
|||||
|
03/09/2008 |
Authorised signatory, changed |
|||||
|
13/08/2008 |
Authorised signatory, changed |
|||||
|
13/08/2008 |
Company representatives, changed |
|||||
|
13/08/2008 |
Board, changed |
|||||
|
12/08/2008 |
Annual account, new |
|||||
|
06/08/2008 |
Annual report (PDF), new |
|||||
|
20/03/2008 |
Board, changed |
|||||
|
20/03/2008 |
Company representatives, changed |
|||||
|
20/03/2008 |
Authorised signatory, changed |
|||||
|
28/01/2008 |
Company representatives, changed |
|||||
|
28/01/2008 |
Authorised signatory, changed |
|||||
|
28/01/2008 |
Board, changed |
|||||
|
17/08/2007 |
Board, changed |
|||||
|
14/08/2007 |
Annual account, new |
|||||
|
01/08/2007 |
Board, changed |
|||||
|
01/08/2007 |
Authorised signatory, changed |
|||||
|
01/08/2007 |
Company representatives, changed |
|||||
|
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 |
||||||
Na
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.52.49 |
|
|
1 |
Rs.84.66 |
|
Euro |
1 |
Rs.69.25 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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.