|
Report Date : |
08.10.2012 |
IDENTIFICATION DETAILS
|
Name : |
PERGO (EUROPE) AB |
|
|
|
|
Registered Office : |
23125
Trelleborg |
|
|
|
|
Country : |
Sweden |
|
|
|
|
Financials (as on) : |
2011 |
|
|
|
|
Date of Incorporation : |
08.03.1961 |
|
|
|
|
Com. Reg. No.: |
5560776006 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
Manufacture
of veneer sheets and wood-based panels |
|
|
|
|
No. of Employees : |
196 |
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 |
|
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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
Sweden |
A2 |
A2 |
|
Risk Category |
ECGC Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
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 |
|
Business Name |
Pergo (Europe) AB |
|
Country |
SWEDEN |
|
Company
Registration Number |
5560776006 |
|
Main Activity |
Manufacture
of veneer sheets and wood-based panels |
|
Activity Code |
16210 |
|
Company Status |
Active |
|
Latest Turnover
Figure |
819.177.000
SEK |
|
Latest Shareholder
Equity Figure |
180.129.000
SEK |
|
Basic Information |
|
|
Business Name |
Pergo
(Europe) AB |
|
Registered Company
Name |
Pergo
(Europe) AB |
|
Company
Registration Number |
5560776006 |
|
Country |
SWEDEN |
|
VAT Registration
Number |
SE556077600601 |
|
Date of Company
Registration |
08/03/1961 |
|
Legal Form |
Limited
liability company |
|
Company Status |
Active |
|
Currency of this
Report |
SEK |
|
Principal Activity
Description |
Bolaget skall utveckla, tillverka,
marknadsfbra, salja och installera golvprodukter, sarskilt laminatgolv, samt
att utveckla, tillverka och fbrsalja komponenter och tillbehbr fbr sadana
produkter avensom bedriva konsult- och analysverksamhet |
|
Contact Address |
23125
TRELLEBORG |
|
Contact Telephone
Number |
0410-363100 |
|
|
|
|
Activities |
|
|
Activity Code |
Activity
Description |
|
16210 |
Manufacture
of veneer sheets and wood-based panels |
|
22210 |
Manufacture
of plastic plates, sheets, tubes and profiles |
|
Profit and Loss |
|||
|
Financial Year |
2011 |
2010 |
2009 |
|
Number of Weeks |
52 |
52 |
52 |
|
Currency |
SEK |
SEK |
SEK |
|
Conslotidated
Accounts |
N |
N |
N |
|
Revenue |
847.945.000 |
1.160.836.000 |
970.549.000 |
|
Operating Costs |
902.229.000 |
976.014.000 |
945.149.000 |
|
Operating Profit |
-54.284.000 |
184.822.000 |
25.400.000 |
|
Wages &
Salaries |
|
|
|
|
Depreciation - - - |
|||
|
Financial Income |
27.222.000 |
27.263.000 |
11.747.000 |
|
Financial Expenses |
-62.852.000 |
-285.358.000 |
-18.161.000 |
|
Extraordinary
Income |
|
|
|
|
Extraordinary Costs |
-62.852.000 |
-285.358.000 |
-18.161.000 |
|
Profit before Tax |
-89.914.000 |
-73.273.000 |
18.986.000 |
|
Tax |
16.101.000 |
-50.075.000 |
-9.779.000 |
|
Profit after Tax |
-89.914.000 |
-73.273.000 |
18.986.000 |
|
Minority Interests
- - - |
|||
|
Other
Appropriations |
|
|
|
|
Retained Profit |
-73.813.000 |
-123.348.000 |
9.207.000 |
|
|
|||
|
Balance Sheet |
|||
|
Financial Year |
2011 |
2010 |
2009 |
|
Number of Weeks |
52 |
52 |
52 |
|
Currency |
SEK |
SEK |
SEK |
|
Consolidated
Accounts |
N |
N |
N |
|
Land &
Buildings |
69.490.000 |
79.651.000 |
94.122.000 |
|
Plant &
Machinery |
76.713.000 |
107.581.000 |
156.681.000 |
|
Other Tangible
Assets |
39.404.000 |
51.725.000 |
60.956.000 |
|
Total Tangible
Assets |
185.607.000 |
238.957.000 |
311.759.000 |
|
Goodwill |
0 |
0 |
0 |
|
Other Intangible
Assets |
123.405.000 |
0 |
0 |
|
Total Intangible
Assets |
123.405.000 |
0 |
0 |
|
Loans To Group |
0 |
135.109.000 |
0 |
|
Other Loans |
0 |
0 |
0 |
|
Miscellaneous Fixed
Assets |
20.330.000 |
4.229.000 |
29.603.000 |
|
Total Other Fixed
Assets |
20.330.000 |
139.338.000 |
29.603.000 |
|
TOTAL FIXED ASSETS |
329.342.000 |
378.295.000 |
341.362.000 |
|
Work In Progress |
0 |
0 |
0 |
|
Other Inventories |
131.816.000 |
132.452.000 |
118.427.000 |
|
Total Inventories |
131.816.000 |
132.452.000 |
118.427.000 |
|
Trade Receivables |
97.126.000 |
127.343.000 |
135.631.000 |
|
Group Receivables |
51.955.000 |
45.660.000 |
208.250.000 |
|
Miscellaneous
Receivables |
15.343.000 |
21.551.000 |
13.106.000 |
|
Total Receivables |
164.424.000 |
194.554.000 |
356.987.000 |
|
Cash |
25.719.000 |
62.573.000 |
17.645.000 |
|
Other Current
Assets |
0 |
0 |
0 |
|
TOTAL CURRENT
ASSETS |
321.959.000 |
389.579.000 |
493.059.000 |
|
TOTAL ASSETS |
651.301.000 |
767.874.000 |
834.421.000 |
|
Trade Payables |
50.488.000 |
57.321.000 |
53.737.000 |
|
Bank Liabilities |
190.163.000 |
0 |
0 |
|
Group Payables |
138.732.000 |
133.442.000 |
174.656.000 |
|
Miscellaneous
Liabilities |
91.789.000 |
63.606.000 |
59.182.000 |
|
TOTAL CURRENT
LIABILITIES |
471.172.000 |
254.369.000 |
287.575.000 |
|
Bank Liabilities
Due After 1 Year |
0 |
259.563.000 |
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 |
0 |
0 |
0 |
|
TOTAL LONG TERM
LIABILITIES |
0 |
259.563.000 |
276.442.000 |
|
TOTAL LIABILITIES |
471.172.000 |
513.932.000 |
564.017.000 |
|
Called Up Share
Capital |
13.000.000 |
13.000.000 |
13.000.000 |
|
Share Premium |
0 |
0 |
0 |
|
Revenue Reserves |
164.529.000 |
238.342.000 |
268.797.000 |
|
Other Reserves |
2.600.000 |
2.600.000 |
-11.393.000 |
|
TOTAL SHAREHOLDERS
EQUITY |
180.129.000 |
253.942.000 |
270.404.000 |
|
|
|||
|
Other Financials |
|||
|
Contingent
Liabilities |
8.145.128.000 |
7.047.275.000 |
6.591.849.000 |
|
Working Capital |
-149.213.000 |
135.210.000 |
205.484.000 |
|
Net Worth |
56.724.000 |
253.942.000 |
270.404.000 |
|
|
|||
|
Ratios |
|||
|
Pre-Tax Profit
Margin |
-10.60 % |
-6.31 % |
1.96 % |
|
Return On Capital
Employed |
-8.01 % |
-7.17 % |
1.69 % |
|
Return On Total
Assets Employed |
-13.81 % |
-9.54 % |
2.28 % |
|
Return On Net
Assets Employed |
-49.92 % |
-28.85 % |
7.02 % |
|
Sales/Net Working
Capital |
-5.68 |
8.59 |
4.72 |
|
Stock Turnover
Ratio |
15.55 % |
11.41 % |
12.20 % |
|
Debtor Days |
41.81 |
40.04 |
51.01 |
|
Creditor Days |
21.73 |
18.02 |
20.21 |
|
Current Ratio |
0.68 |
1.53 |
1.71 |
|
Liquidity
Ratio/Acid Test |
0.40 |
1.01 |
1.30 |
|
Current Debt Ratio |
2.62 |
1.00 |
1.06 |
|
Gearing |
105.57 % |
102.21 % |
102.23 % |
|
Equity In
Percentage |
35.49 % |
40.40 % |
33.60 % |
|
Total Debt Ratio |
2.62 |
2.02 |
2.09 |
|
Main Address |
||
|
Address |
Country |
Telephone |
|
Box
1010, 23125 TRELLEBORG |
SWEDEN |
0410-363100 |
|
Other Address |
|
|
Address |
Country |
|
Perstorp
Industripark 1, PERSTORP 28434 |
SWEDEN |
Email
Addresses
No
information for this company.
Web Pages
Issued Share
Capital 13.000.000 SEK
|
Current Directors |
|||
|
Name |
Appointment Date |
Position |
|
|
Riise,
Tor Ivar |
20/04/2012 |
Actual
Member of Board |
|
|
Hartmut
Olaf Lieder |
01/09/2010 |
Actual
Member of Board |
|
|
Bo
Christer Jbnsson |
11/02/2012 |
Actual
Member of Board |
|
|
Bo
Krister Hansson |
04/08/2011 |
Actual
Member of Board |
|
|
Lars
Jurgen Ohlert |
11/02/2012 |
Actual
Member of Board |
|
|
|
|||
|
Previous Directors |
|||
|
Name |
Appointment Date |
Position |
Resignation Date |
|
Hartmut
Olaf Lieder |
27/05/2010 |
External
Signatory |
01/09/2010 |
|
Eisermann,
Ralf Christoph Antonius 15/10/2008 |
Actual
Member of Board |
28/02/2012 |
|
|
seuferling,
stefan |
15/11/2010 |
Actual
Member of Board |
04/08/2011 |
|
Schmitz,
Christoph |
07/04/2009 |
Actual
Member of Board |
15/11/2010 |
|
Frida
Mari Rosenholm |
03/03/2006 |
Actual
Member of Board |
01/09/2010 |
|
Lena
Vivika Sjbvall |
03/06/2005 |
Actual
Member of Board |
07/04/2009 |
|
Ernst,
Michael |
22/08/2007 |
Actual
Member of Board |
15/10/2008 |
|
Sonesson,
Magnus Daniel |
14/05/2007 |
Actual
Member of Board |
25/02/2008 |
|
Ultimate Holding
Parent |
|
|
Ultimate Holding
Company Name |
PFEIDERER
SCWEIZ AG |
|
Ultimate Holding
Company Country |
SWITZERLAND |
Immediate
Holding Parent
No
information for this company.
|
Subsidary Companies |
||
|
Subsidiary Name |
Country |
Number |
No subsidiaries
for this company
Affiliates
|
Affiliates |
No affiliates for this company.
Employee Information
Year Number
of Employees
2011 196
2010 190
2009 213
2008 242
2007 249
Advisors
Auditor Name KPMG
AB
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 16210
Activity Description Manufacture
of veneer sheets and wood-based panels
Event
Date Event
Description
31/08/2012 Annual
account, new
10/08/2012 Annual report (PDF), new
26/04/2012 Authorised
signatory, changed
26/04/2012 Board, changed
26/04/2012 Company
representatives, changed
21/04/2012 Company representatives, changed
21/04/2012 Limit,
increase
21/04/2012 Authorised signatory, changed
21/04/2012 Board,
changed
29/02/2012 Company representatives, changed
29/02/2012 Authorised
signatory, changed
29/02/2012 Limit, decrease
29/02/2012 Board,
changed
14/02/2012 Board, changed
14/02/2012 Authorised
signatory, changed
14/02/2012 Company representatives, changed
11/11/2011 Annual
account, new
04/11/2011 Annual report (PDF), new
27/08/2011 Board,
changed
10/08/2011 Company representatives, changed
10/08/2011 Board,
changed
10/08/2011 Authorised signatory, changed
05/08/2011 Company
representatives, changed
|
05/08/2011 |
|
Board,
changed |
|
05/08/2011 |
Authorised
signatory, changed |
|
|
16/11/2010 |
|
Company
representatives, changed |
|
16/11/2010 |
Authorised
signatory, changed |
|
|
16/11/2010 |
|
Board,
changed |
|
02/09/2010 |
Board,
changed |
|
02/09/2010 |
Authorised
signatory, changed |
|
02/09/2010 |
Company
representatives, changed |
|
17/08/2010 |
Annual
account, new |
|
30/07/2010 |
Annual
report (PDF), new |
|
28/05/2010 |
Company
representatives, changed |
|
28/05/2010 |
Authorised
signatory, changed |
|
28/05/2010 |
Board,
changed |
|
10/11/2009 |
Authorised
signatory, changed |
|
10/11/2009 |
Board,
changed |
|
10/11/2009 |
Company
representatives, changed |
|
09/09/2009 |
Board,
changed |
|
09/09/2009 |
Company
representatives, changed |
|
11/08/2009 |
Annual
account, new |
|
24/07/2009 |
Annual
report (PDF), new |
|
20/04/2009 |
Board,
changed |
|
20/04/2009 |
Company
representatives, changed |
|
20/04/2009 |
Authorised
signatory, changed |
|
08/04/2009 |
Company
representatives, changed |
|
08/04/2009 |
Authorised
signatory, changed |
|
08/04/2009 |
Board,
changed |
|
16/10/2008 |
Board,
changed |
|
16/10/2008 |
Authorised
signatory, changed |
|
16/10/2008 |
Company
representatives, changed |
|
02/10/2008 |
Board,
changed |
|
18/08/2008 |
Annual
account, new |
|
13/08/2008 |
Annual
report (PDF), new |
|
25/06/2008 |
Authorised
signatory, changed |
|
25/06/2008 |
Board,
changed |
|
25/06/2008 |
Company
representatives, changed |
|
26/02/2008 |
Authorised
signatory, changed |
|
26/02/2008 |
Board,
changed |
|
26/02/2008 |
Company
representatives, changed |
|
25/01/2008 |
Board,
changed |
|
25/01/2008 |
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
Record
of non-payment
Number
of distraint attempts and repossessions -
Number
of public claims -
Number
of private claims 1
Number
of applications for an order to pay -
Number
of reclaimed/revoked applications 1
|
Latest Private
Claim |
|
|
Date |
14/07/2010 |
|
Amount |
500
SEK |
|
Creditor |
De
Lage Landen Finans AB |
|
Comments |
Decision |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.51.62 |
|
UK Pound |
1 |
Rs.83.57 |
|
Euro |
1 |
Rs.67.17 |
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.