MIRA
INFORM REPORT
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Report Date : |
07.01.2012 |
IDENTIFICATION DETAILS
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Name : |
ESSWELL INTERNATIONAL AB |
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Registered Office : |
SĂdra Hamngatan 19-21 GĂteborg, 40430 |
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Country : |
Sweden |
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Financials (as on) : |
31.12.2010 |
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Year of Establishment : |
1994 |
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Com. Reg. No.: |
5565226403 |
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Legal Form : |
Private Subsidiary |
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Line of Business : |
Manufacture of paper and paperboard |
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No. of Employees : |
26 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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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
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Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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Sweden |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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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 |
Company name and address
Esswell International AB
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Business
Description
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Esswell International AB is primarily engaged in manufacturing paper
(except newsprint and uncoated groundwood paper) from pulp. These establishments
may manufacture or purchase pulp. In addition, the establishments may also
convert the paper they make. |
Industry
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Industry |
Paper and Paper Products |
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ANZSIC 2006: |
1510 - Pulp, Paper and Paperboard
Manufacturing |
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NACE 2002: |
2112 - Manufacture of paper and paperboard
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NAICS 2002: |
322121 - Paper (except Newsprint) Mills |
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UK SIC 2003: |
2112 - Manufacture of paper and paperboard
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US SIC 1987: |
2621 - Paper Mills |
Key Executives
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1 - Profit & Loss
Item Exchange Rate: USD 1 = SEK 7.206564
2 - Balance Sheet Item Exchange Rate: USD 1 = SEK 6.72285
Corporate Overview
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Corporate Structure News
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Esswell
International AB |
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Company Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
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Esswell International Holding AB |
Parent |
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Subsidiary |
GĂteborg, Västra GĂtaland |
Sweden |
Paper and Paper Products |
121.5 |
26 |
Executives Report
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Annual Profit
& Loss
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31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
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Period Length |
12 Months |
12 Months |
12 Months |
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Filed Currency |
SEK |
SEK |
SEK |
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Exchange Rate
(Period Average) |
7.206564 |
7.645194 |
6.599156 |
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Consolidated |
Yes |
Yes |
Yes |
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Total Revenue |
122.3 |
103.7 |
147.5 |
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Gross Profit |
4.4 |
3.9 |
3.6 |
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Net Financial Items |
-0.1 |
-0.1 |
-0.4 |
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Operating Income |
4.3 |
3.7 |
3.4 |
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Income Before Tax |
4.1 |
3.6 |
2.9 |
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Net Income |
3.0 |
2.7 |
2.1 |
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Annual Balance
Sheet |
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Financials in:
USD (mil) |
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31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
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Filed Currency |
SEK |
SEK |
SEK |
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Exchange Rate |
6.72285 |
7.1401 |
7.90795 |
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Consolidated |
Yes |
Yes |
Yes |
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Total Assets |
38.2 |
25.4 |
27.3 |
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Total Liabilities |
27.7 |
16.4 |
20.1 |
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Total Equity |
10.4 |
9.0 |
7.2 |
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Annual Ratios |
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31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
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Period Length |
12 Months |
12 Months |
12 Months |
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Filed Currency |
- |
- |
- |
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Exchange Rate |
- |
- |
- |
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Consolidated |
Yes |
Yes |
Yes |
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Operating Margin |
3.59 |
3.71 |
2.41 |
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Current Ratio |
139.52 |
155.32 |
134.26 |
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Total debt/total equity |
27.30 |
35.39 |
26.47 |
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Return on average equity |
43.50 |
43.80 |
34.67 |
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Annual Growth
Rates |
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31-Dec-2009 |
31-Dec-2008 |
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Period Length |
12 Months |
12 Months |
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Filed Currency |
- |
- |
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Exchange Rate |
- |
- |
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Consolidated |
Yes |
Yes |
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Turnover Percent Change |
11.24% |
-18.60% |
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Marginal Contribution Percent Change |
7.34% |
25.73% |
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Net Financial Items Percent Change |
21.15% |
80.87% |
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Operating Results Percent Change |
7.88% |
26.92% |
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Profit/Loss Before Tax Percent Change |
6.39% |
43.39% |
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Profit/Loss for the Year Percent Change |
6.38% |
47.20% |
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Assets Percent Change |
41.48% |
-16.10% |
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Debts Percent Change |
59.20% |
-26.28% |
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Equity Capital Percent Change |
9.14% |
12.16% |
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Operating Margin Percent Change |
-3.23% |
53.94% |
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Current Ratio Percent Change |
-10.17% |
15.69% |
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Debt/Equity Ratio Percent Change |
-22.86% |
33.70% |
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Retun On Equity Percent Change |
-0.68% |
26.33% |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.52.78 |
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|
1 |
Rs.81.79 |
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Euro |
1 |
Rs.67.46 |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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-- |
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.