MIRA
INFORM REPORT
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Report Date : |
12.11.2012 |
IDENTIFICATION DETAILS
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Name : |
STENA METAL INTERNATIONAL AB |
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Registered Office : |
Goteborg, 40040 |
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Country : |
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Financials (as on) : |
31.08.2011 |
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Year of Establishment : |
2007 |
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Com. Reg. No.: |
5567322895 |
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Legal Form : |
Private Subsidiary Company |
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Line of Business : |
Engaged in the merchant wholesale distribution of automotive scrap, industrial scrap, and other recyclable materials. |
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No. of Employees : |
28 |
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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 – June 30th, 2012
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Country Name |
Previous Rating (31.03.2011) |
Current Rating (30.06.2012) |
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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 |
SWEDEN - ECONOMIC OVERVIEW
Aided by peace and neutrality for the whole of the 20th century, Sweden has achieved an enviable standard of living under a mixed system of high-tech capitalism and extensive welfare benefits. It has a modern distribution system, excellent internal and external communications, and a highly skilled labor force. In September 2003, Swedish voters turned down entry into the euro system concerned about the impact on the economy and sovereignty. Timber, hydropower, and iron ore constitute the resource base of an economy heavily oriented toward foreign trade. Privately owned firms account for vast majority of industrial output, of which the engineering sector accounts for about 50% of output and exports. Agriculture accounts for little more than 1% of GDP and of employment. Until 2008, Sweden was in the midst of a sustained economic upswing, boosted by increased domestic demand and strong exports. This and robust finances offered the center-right government considerable scope to implement its reform program aimed at increasing employment, reducing welfare dependence, and streamlining the state's role in the economy. Despite strong finances and underlying fundamentals, the Swedish economy slid into recession in the third quarter of 2008 and growth continued downward in 2009 as deteriorating global conditions reduced export demand and consumption. Strong exports of commodities and a return to profitability by Sweden''s banking sector drove the strong rebound in 2010, which continued in 2011, and the government is proposing stimulus measures in the 2012 budget to curb the effects of a global economic slowdown and boost employment and growth.
Source
: CIA
Company name and address
Stena Metal International AB
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Business
Description
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Stena Metal International AB is primarily engaged in the merchant
wholesale distribution of automotive scrap, industrial scrap, and other
recyclable materials. Included in this industry are auto wreckers primarily engaged
in dismantling motor vehicles for the purpose of wholesaling scrap. |
Industry
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Industry |
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ANZSIC 2006: |
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NACE 2002: |
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NAICS 2002: |
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UK SIC 2003: |
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UK SIC 2007: |
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US SIC 1987: |
Key Executives
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1 - Profit &
Loss Item Exchange Rate: USD 1 = SEK 6.540951
2 - Balance Sheet Item Exchange Rate: USD 1 = SEK 6.32405
Corporate Overview
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Corporate Structure News
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Stena Metal
International AB |
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Company Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
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Parent |
Goteborg |
Sweden |
Water Transportation |
3,993.9 |
15,576 |
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Subsidiary |
Göteborg, Västra Götaland |
Sweden |
Water Transportation |
302.1 |
20,000 |
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Subsidiary |
London |
United Kingdom |
Water Transportation |
0.0 |
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Subsidiary |
London |
United Kingdom |
Water Transportation |
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Subsidiary |
Gothenburg |
Sweden |
Water Transportation |
1,358.6 |
5,700 |
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Unit |
Göteborg |
Sweden |
Miscellaneous Capital Goods |
4,430.1 |
3,486 |
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Subsidiary |
Warszawa |
Poland |
Waste Management Services |
191.5 |
542 |
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Subsidiary |
Göteborg, Västra Götaland |
Sweden |
Miscellaneous Capital Goods |
263.0 |
358 |
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Subsidiary |
Nybro |
Sweden |
Miscellaneous Fabricated Products |
22.4 |
106 |
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Subsidiary |
Oskarshamn |
Sweden |
Miscellaneous Capital Goods |
12.2 |
65 |
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Subsidiary |
Värnamo |
Sweden |
Miscellaneous Capital Goods |
22.4 |
31 |
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Subsidiary |
Storfors, Värmland |
Sweden |
Miscellaneous Fabricated Products |
11.9 |
20 |
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Subsidiary |
Malmö |
Sweden |
Miscellaneous Capital Goods |
32.9 |
13 |
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Subsidiary |
Molkom, Värmland |
Sweden |
Miscellaneous Fabricated Products |
26.3 |
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Subsidiary |
Køge |
Denmark |
Waste Management Services |
240.8 |
176 |
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Subsidiary |
Esbjerg |
Denmark |
Waste Management Services |
10.9 |
15 |
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Subsidiary |
Göteborg, Västra Götaland |
Sweden |
Waste Management Services |
62.7 |
151 |
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Subsidiary |
Ă„lmhult |
Sweden |
Miscellaneous Fabricated Products |
142.0 |
105 |
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Subsidiary |
Bucharest |
Romania |
Waste Management Services |
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44 |
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Subsidiary |
Göteborg, Västra Götaland |
Sweden |
Waste Management Services |
976.2 |
28 |
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Subsidiary |
Göteborg, Västra Götaland |
Sweden |
Miscellaneous Financial Services |
5.4 |
18 |
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Subsidiary |
Göteborg |
Sweden |
Oil and Gas Operations |
773.3 |
11 |
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Subsidiary |
Göteborg, Västra Götaland |
Sweden |
Investment Services |
280.1 |
6 |
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Subsidiary |
Göteborg |
Sweden |
Miscellaneous Capital Goods |
250.0 |
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Subsidiary |
Kolding |
Denmark |
Miscellaneous Fabricated Products |
175.0 |
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Subsidiary |
Glostrup |
Denmark |
Paper and Paper Products |
125.0 |
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Subsidiary |
Riihimäki |
Finland |
Iron and Steel |
115.8 |
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Subsidiary |
Glostrup |
Denmark |
Consumer Financial Services |
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Unit |
Dun Laoghaire Harbour, Co Dublin |
Ireland |
Water Transportation |
307.0 |
1,693 |
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Unit |
Hoek van Holland, Holland |
Netherlands |
Miscellaneous Transportation |
9.0 |
500 |
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Unit |
Stranraer |
United Kingdom |
Miscellaneous Transportation |
|
500 |
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Unit |
Gothenburg |
Sweden |
Miscellaneous Transportation |
1,173.5 |
400 |
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Affiliates |
Goteborg |
Sweden |
Water Transportation |
86.2 |
400 |
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Unit |
Gothenburg |
Sweden |
Miscellaneous Transportation |
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400 |
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Subsidiary |
Hoek Van Holland, Zuid-Holland |
Netherlands |
Miscellaneous Transportation |
211.9 |
378 |
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Unit |
Goodwick |
United Kingdom |
Water Transportation |
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300 |
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Unit |
Kiel, Schleswig-Holstein |
Germany |
Miscellaneous Transportation |
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120 |
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Unit |
Frederikshavn |
Denmark |
Water Transportation |
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110 |
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Unit |
Belfast |
United Kingdom |
Miscellaneous Transportation |
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100 |
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Unit |
Oslo |
Norway |
Miscellaneous Transportation |
13.0 |
60 |
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Unit |
Amsterdam |
Netherlands |
Water Transportation |
33.2 |
50 |
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Unit |
Frederikshavn |
Denmark |
Miscellaneous Transportation |
24.8 |
50 |
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Unit |
Harwich |
United Kingdom |
Water Transportation |
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40 |
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Unit |
Grena |
Denmark |
Water Transportation |
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25 |
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Unit |
Varberg |
Sweden |
Miscellaneous Transportation |
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25 |
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Unit |
Lyckeby |
Sweden |
Miscellaneous Transportation |
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25 |
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Subsidiary |
LĂĽbeck-TravemĂĽnde |
Germany |
Water Transportation |
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20 |
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Unit |
Gothenburg |
Sweden |
Miscellaneous Transportation |
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19 |
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Unit |
Rosslare, Wexford |
Ireland |
Miscellaneous Transportation |
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15 |
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Unit |
Kiel |
Germany |
Miscellaneous Transportation |
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14 |
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Subsidiary |
Hoek van Holland |
Netherlands |
Water Transportation |
245.1 |
5,700 |
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Subsidiary |
Göteborg |
Sweden |
Water Transportation |
766.1 |
2,202 |
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Subsidiary |
Holyhead |
United Kingdom |
Water Transportation |
305.8 |
1,693 |
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Subsidiary |
Göteborg, Västra Götaland |
Sweden |
Real Estate Operations |
11.3 |
248 |
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Subsidiary |
Göteborg, Västra Götaland |
Sweden |
Real Estate Operations |
17.8 |
77 |
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Subsidiary |
Göteborg, Västra Götaland |
Sweden |
Real Estate Operations |
25.8 |
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Subsidiary |
Göteborg |
Sweden |
Real Estate Operations |
12.3 |
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Subsidiary |
Göteborg |
Sweden |
Real Estate Operations |
4.6 |
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Subsidiary |
Göteborg, Västra Götaland |
Sweden |
Real Estate Operations |
6.2 |
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Subsidiary |
Malmö, Skåne |
Sweden |
Real Estate Operations |
33.7 |
71 |
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Subsidiary |
Malmö, Skåne |
Sweden |
Real Estate Operations |
27.1 |
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Subsidiary |
Malmö, Skåne |
Sweden |
Real Estate Operations |
6.9 |
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Subsidiary |
Stockholm, Stockholm |
Sweden |
Real Estate Operations |
19.9 |
52 |
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Subsidiary |
Stockholm |
Sweden |
Real Estate Operations |
26.0 |
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Subsidiary |
Saltsjöbaden, Stockholm |
Sweden |
Real Estate Operations |
21.7 |
18 |
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Subsidiary |
Stockholm, Stockholm |
Sweden |
Real Estate Operations |
14.0 |
8 |
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Subsidiary |
Stockholm |
Sweden |
Real Estate Operations |
4.5 |
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Subsidiary |
Göteborg, Västra Götaland |
Sweden |
Water Transportation |
32.5 |
68 |
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Subsidiary |
Amstelveen, Noord-Holland |
Netherlands |
Miscellaneous Financial Services |
2.6 |
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Subsidiary |
Amstelveen, Noord-Holland |
Netherlands |
Miscellaneous Financial Services |
|
11 |
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Subsidiary |
Amstelveen, Noord-Holland |
Netherlands |
Business Services |
40.7 |
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Subsidiary |
London |
United Kingdom |
Water Transportation |
0.0 |
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Subsidiary |
Amstelveen, Noord-Holland |
Netherlands |
Miscellaneous Financial Services |
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Subsidiary |
Goodwick |
United Kingdom |
Business Services |
|
550 |
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Subsidiary |
Sevenoaks |
United Kingdom |
Water Transportation |
325.1 |
1,568 |
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UK Branch/Trading address |
Goodwick |
United Kingdom |
Water Transportation |
325.1 |
100 |
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Subsidiary |
Sevenoaks |
United Kingdom |
Miscellaneous Transportation |
2.7 |
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Subsidiary |
Sevenoaks |
United Kingdom |
Business Services |
0.1 |
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Subsidiary |
Sevenoaks |
United Kingdom |
Commercial Banks |
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Subsidiary |
Sevenoaks |
United Kingdom |
Nonclassifiable Industries |
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Subsidiary |
Sevenoaks |
United Kingdom |
Investment Services |
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Subsidiary |
Stranraer |
United Kingdom |
Nonclassifiable Industries |
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Subsidiary |
Sevenoaks |
United Kingdom |
Water Transportation |
44.4 |
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Subsidiary |
Stranraer |
United Kingdom |
Business Services |
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Subsidiary |
Sevenoaks |
United Kingdom |
Water Transportation |
38.0 |
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Subsidiary |
Sevenoaks |
United Kingdom |
Water Transportation |
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Subsidiary |
Sevenoaks |
United Kingdom |
Water Transportation |
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Subsidiary |
Hoek Van Holland, Zuid-Holland |
Netherlands |
Miscellaneous Financial Services |
2.4 |
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Subsidiary |
Göteborg |
Sweden |
Miscellaneous Financial Services |
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|
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Subsidiary |
Göteborg |
Sweden |
Electric Utilities |
0.6 |
4 |
Executives Report
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Annual Profit & Loss
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31-Aug-2011 |
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Period Length |
12 Months |
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Filed Currency |
SEK |
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Exchange Rate
(Period Average) |
6.540951 |
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Consolidated |
No |
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Total Revenue |
976.2 |
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Gross Profit |
8.6 |
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Net Financial Items |
-4.3 |
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Operating Income |
8.6 |
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Income Before Tax |
4.3 |
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Net Income |
3.1 |
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Annual Balance
Sheet |
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Financials in:
USD (mil) |
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31-Aug-2011 |
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Filed Currency |
SEK |
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Exchange Rate |
6.32405 |
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Consolidated |
No |
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Total Assets |
146.8 |
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Total Liabilities |
146.2 |
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Total Equity |
0.7 |
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Annual Ratios |
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31-Aug-2011 |
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Period Length |
12 Months |
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Filed Currency |
- |
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Exchange Rate |
- |
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Consolidated |
No |
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Operating Margin |
0.88 |
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Current Ratio |
100.43 |
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Total debt/total equity |
0.45 |
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Return on average equity |
674.22 |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.54.34 |
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UK Pound |
1 |
Rs.86.97 |
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Euro |
1 |
Rs.69.43 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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 |
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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.