MIRA INFORM REPORT
|
Report Date : |
29.02.2012 |
IDENTIFICATION DETAILS
|
Name : |
MUNKSJÖ PAPER AB |
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Registered Office : |
Box 624, 55118 Jonkoping |
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Country : |
Sweden |
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Financials (as on) : |
2010 |
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Date of Incorporation : |
24.06.1968 |
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Com. Reg. No.: |
5561179044 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Manufacture of other printing paper |
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No. of Employees
: |
390 |
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 : |
50.000.000 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 30th, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
Sweden |
a2 |
a2 |
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Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
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Business Name |
Munksjö Paper AB |
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Country |
SWEDEN |
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Company Registration Number |
5561179044 |
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Main Activity |
Manufacture of other printing paper |
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Activity Code |
17122 |
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Company Status |
Active |
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Latest Turnover Figure |
860.554.000 SEK |
|
Latest Shareholder Equity Figure |
78.651.000 SEK |
|
Credit Limit |
50.000.000 SEK |
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Basic Information |
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Business Name |
Munksjö Paper AB |
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Registered Company Name |
Munksjö Paper AB |
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Company Registration Number |
5561179044 |
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Country |
SWEDEN |
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VAT Registration Number |
SE556117904401 |
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Date of Company Registration |
24/06/1968 |
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Legal Form |
Limited liability company |
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Company Status |
Active |
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Currency of this Report |
SEK |
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Principal Activity Description |
Bolaget skall bedriva tillverkning och
försäljning av pappersmassa, papper och likartade produkter samt därmed
förenlig verksamhet. (The company will engage in the
manufacture and sale of pulp, paperand related products and related
business.) |
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Contact Address |
55118 JÖNKÖPING |
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Contact Telephone Number |
036-303300 |
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Main Address |
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Address |
Country |
Telephone |
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Box 624, 55118 JÖNKÖPING |
SWEDEN |
036-303300 |
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Other Address |
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Address |
Country |
|
Strandvägen 7, BILLINGSFORS 66011 |
SWEDEN |
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Email Addresses |
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No information for this company. |
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Web Pages |
Current Credit Limit: 50.000.000 SEK
|
Current Directors |
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|
Name |
Appointment Date |
Position |
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|
Jan Oliver Åström |
12/03/2008 |
Actual Member of Board |
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Henriksson, Kim Christian |
09/08/2011 |
Actual Member of Board |
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Bo Sören Eriksson |
10/07/2009 |
Actual Member of Board |
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Marcus William Englund |
10/07/2009 |
Actual Member of Board |
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Mats Lennart Flood |
03/07/2006 |
Actual Member of Board |
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Nils Otto Lennart Jonasson |
01/08/2007 |
Employee Representative |
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Ulf Evert Maxén |
16/10/2008 |
Actual Member of Board |
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Annika Sofia Krave |
07/12/2004 |
Substitute |
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Jan Erik Blomqvist |
15/05/1992 |
Substitute |
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Previous Directors |
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Name |
Appointment Date |
Position |
Resignation Date |
|
Dan Erik Kurt Adrianzon |
25/06/1998 |
Actual Member of Board |
09/08/2011 |
|
Anton Antic |
03/07/2006 |
Actual Member of Board |
10/07/2009 |
|
Anders Carl-Johan Simonsson |
19/06/2000 |
Actual Member of Board |
10/07/2009 |
|
Göran Lars-Olof Tidstam |
03/07/2006 |
Actual Member of Board |
16/10/2008 |
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Claes Gunnar Mathias Palme |
28/02/2006 |
Actual Member of Board |
12/03/2008 |
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Nils Otto Lennart Jonasson |
01/08/2007 |
Substitute |
30/08/2007 |
Na
|
Issued Share Capital |
20.000.000 SEK |
|
Debt balance at the Swedish Enforcement Agency |
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|
Number of Private Claims |
- |
|
Balance of Private Claims |
- |
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Number of Public Claims |
- |
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Balance of Public Claims |
- |
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Total Balance |
- |
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Record of non-payment |
|
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Number of distraint attempts and repossessions |
- |
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Number of public claims |
- |
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Number of private claims |
- |
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Number of applications for an order to pay |
- |
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Number of reclaimed/revoked applications |
1 |
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Ultimate Holding Parent |
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Ultimate Holding Company Name |
MUNKSJÖ LUXEMBOURG HOLDING SARL |
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Ultimate Holding Company Country |
LUXEMBOURG |
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Immediate Holding Parent |
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No information for this company. |
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Subsidiary Companies |
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Subsidiary Name |
Country |
Number |
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No subsidiaries for this company. |
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Affiliates |
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Affiliate Name |
Country |
Number |
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No affiliates for this company. |
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Profit and Loss |
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Financial Year |
2010 |
2009 |
2008 |
|
Number of Weeks |
52 |
52 |
52 |
|
Currency |
SEK |
SEK |
SEK |
|
Conslotidated Accounts |
N |
N |
N |
|
Revenue |
860.554.000 |
816.876.000 |
828.005.000 |
|
Operating Costs |
820.648.000 |
748.904.000 |
789.310.000 |
|
Operating Profit |
39.906.000 |
67.972.000 |
38.695.000 |
|
Wages & Salaries |
-194.501.000 |
-192.584.000 |
-187.287.000 |
|
Depreciation |
-39.534.000 |
-44.777.000 |
-40.712.000 |
|
Financial Income |
2.034.000 |
1.523.000 |
2.075.000 |
|
Financial Expenses |
-12.085.000 |
-11.603.000 |
-12.305.000 |
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Extraordinary Income |
- |
- |
- |
|
Extraordinary Costs |
-12.085.000 |
-11.603.000 |
-12.305.000 |
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Profit before Tax |
29.855.000 |
57.892.000 |
28.465.000 |
|
Tax |
1.032.000 |
2.633.000 |
994.000 |
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Profit after Tax |
29.855.000 |
57.892.000 |
28.465.000 |
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Minority Interests |
- |
- |
- |
|
Other Appropriations |
-34.329.000 |
-68.422.000 |
-33.030.000 |
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Retained Profit |
-3.442.000 |
-7.897.000 |
-3.571.000 |
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Balance Sheet |
||||||
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Financial Year |
2010 |
2009 |
2008 |
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Number of Weeks |
52 |
52 |
52 |
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Currency |
SEK |
SEK |
SEK |
|||
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Consolidated Accounts |
N |
N |
N |
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Land & Buildings |
58.553.000 |
63.695.000 |
68.641.000 |
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Plant & Machinery |
195.431.000 |
211.384.000 |
201.367.000 |
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Other Tangible Assets |
12.212.000 |
5.632.000 |
36.899.000 |
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Total Tangible Assets |
266.196.000 |
280.711.000 |
306.907.000 |
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Goodwill |
0 |
0 |
0 |
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Other Intangible Assets |
0 |
252.000 |
588.000 |
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Total Intangible Assets |
0 |
252.000 |
588.000 |
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Loans To Group |
0 |
0 |
0 |
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Other Loans |
0 |
0 |
0 |
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Miscellaneous Fixed Assets |
0 |
0 |
0 |
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Total Other Fixed Assets |
0 |
0 |
0 |
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TOTAL FIXED ASSETS |
266.196.000 |
280.963.000 |
307.495.000 |
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Work In Progress |
0 |
0 |
0 |
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Other Inventories |
109.895.000 |
105.835.000 |
120.996.000 |
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Total Inventories |
109.895.000 |
105.835.000 |
120.996.000 |
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Trade Receivables |
155.105.000 |
135.904.000 |
138.219.000 |
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Group Receivables |
11.786.000 |
6.658.000 |
7.081.000 |
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Miscellaneous Receivables |
13.199.000 |
10.348.000 |
10.771.000 |
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Total Receivables |
180.090.000 |
152.910.000 |
156.071.000 |
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Cash |
28.000 |
20.000 |
24.000 |
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Other Current Assets |
0 |
0 |
0 |
|||
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TOTAL CURRENT ASSETS |
290.013.000 |
258.765.000 |
277.091.000 |
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TOTAL ASSETS |
556.209.000 |
539.728.000 |
584.586.000 |
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Trade Payables |
67.366.000 |
65.176.000 |
110.920.000 |
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Bank Liabilities |
0 |
0 |
0 |
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Group Payables |
35.636.000 |
78.709.000 |
32.190.000 |
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Miscellaneous Liabilities |
60.632.000 |
61.140.000 |
59.132.000 |
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TOTAL CURRENT LIABILITIES |
163.634.000 |
205.025.000 |
202.242.000 |
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Bank Liabilities Due After 1 Year |
0 |
0 |
0 |
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Other Loans Or Finance Due After 1 Year |
0 |
0 |
0 |
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Group Payables After 1 Year |
0 |
0 |
0 |
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Miscellaneous Liabilities Due After 1 Year |
195.515.000 |
193.848.000 |
201.362.000 |
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TOTAL LONG TERM LIABILITIES |
313.924.000 |
252.610.000 |
292.354.000 |
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TOTAL LIABILITIES |
477.558.000 |
457.635.000 |
494.596.000 |
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Called Up Share Capital |
20.000.000 |
20.000.000 |
20.000.000 |
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Share Premium |
0 |
0 |
0 |
|||
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Revenue Reserves |
7.998.000 |
7.556.000 |
11.569.000 |
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Other Reserves |
50.653.000 |
54.537.000 |
58.421.000 |
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TOTAL SHAREHOLDERS EQUITY |
78.651.000 |
82.093.000 |
89.990.000 |
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Other Financials |
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Contingent Liabilities |
13.246.000 |
13.221.000 |
13.184.000 |
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Working Capital |
126.379.000 |
53.740.000 |
74.849.000 |
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Net Worth |
78.651.000 |
81.841.000 |
89.402.000 |
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Ratios |
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Pre-Tax Profit Margin |
3.47 % |
7.09 % |
3.44 % |
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Return On Capital Employed |
4.15 % |
7.77 % |
3.62 % |
|
Return On Total Assets Employed |
5.37 % |
10.73 % |
4.87 % |
|
Return On Net Assets Employed |
37.96 % |
70.52 % |
31.63 % |
|
Sales/Net Working Capital |
6.81 |
15.20 |
11.06 |
|
Stock Turnover Ratio |
12.77 % |
12.96 % |
14.61 % |
|
Debtor Days |
65.79 |
60.73 |
60.93 |
|
Creditor Days |
28.57 |
29.12 |
48.90 |
|
Current Ratio |
1.77 |
1.26 |
1.37 |
|
Liquidity Ratio/Acid Test |
1.10 |
0.75 |
0.77 |
|
Current Debt Ratio |
2.08 |
2.50 |
2.25 |
|
Gearing |
150.55 % |
71.58 % |
101.11 % |
|
Equity In Percentage |
14.14 % |
15.22 % |
15.41 % |
|
Total Debt Ratio |
6.07 |
5.57 |
5.50 |
Na
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Activities |
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|
Activity Code |
Activity Description |
|
17122 |
Manufacture of other printing paper |
|
17129 |
Manufacture of other paper and paperboard |
|
17123 |
Manufacture of kraft paper and paperboard |
|
17112 |
Manufacture of sulphate pulp |
|
46769 |
Wholesale of other intermediate products n.e.c. |
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Employee
Information |
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|
Year |
Number of Employees |
|
|
2010 |
390 |
|
|
2009 |
386 |
|
|
2008 |
394 |
|
|
2007 |
382 |
|
|
2006 |
386 |
|
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Advisors |
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Auditor Name |
Ernst & Young Aktiebolag |
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|
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. |
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|
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Industry
Comparison |
|
|
Activity Code |
17122 |
|
Activity Description |
Manufacture of other printing paper |
|
Industry Average Credit Limit |
35.725.000 SEK |
|
Event History |
|
|
Event Date |
Event Description |
|
02/02/2012 |
Status, changed |
|
02/02/2012 |
Merge information, changed |
|
01/11/2011 |
Certificate, registered |
|
04/10/2011 |
Certificate, deregistered |
|
24/08/2011 |
Annual account, new |
|
10/08/2011 |
Authorised signatory, changed |
|
10/08/2011 |
Company representatives, changed |
|
10/08/2011 |
Board, changed |
|
02/08/2011 |
Annual report (PDF), new |
|
23/07/2010 |
Annual account, new |
|
12/07/2010 |
Annual report (PDF), new |
|
11/08/2009 |
Annual account, new |
|
24/07/2009 |
Annual report (PDF), new |
|
13/07/2009 |
Board, changed |
|
13/07/2009 |
Authorised signatory, changed |
|
13/07/2009 |
Company representatives, changed |
|
17/10/2008 |
Company representatives, changed |
|
17/10/2008 |
Authorised signatory, changed |
|
17/10/2008 |
Board, changed |
|
28/07/2008 |
Annual account, new |
|
09/07/2008 |
Annual report (PDF), new |
|
13/03/2008 |
Company representatives, changed |
|
13/03/2008 |
Authorised signatory, changed |
|
13/03/2008 |
Board, changed |
|
31/08/2007 |
Company representatives, changed |
|
31/08/2007 |
Authorised signatory, changed |
|
31/08/2007 |
Board, changed |
|
20/08/2007 |
Annual account, new |
|
02/08/2007 |
Board, changed |
|
02/08/2007 |
Authorised signatory, changed |
|
02/08/2007 |
Company representatives, changed |
Na
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.14 |
|
UK Pound |
1 |
Rs.77.86 |
|
Euro |
1 |
Rs.66.06 |
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.