|
Report Date : |
05.04.2013 |
IDENTIFICATION DETAILS
|
Name : |
SAINT-GOBAIN ECOPHON AKTIEBOLAG |
|
|
|
|
Registered Office : |
Box 500, 26503 Hyllinge |
|
|
|
|
Country : |
Sweden |
|
|
|
|
Financials (as on) : |
2011 |
|
|
|
|
Date of Incorporation : |
14.12.1970 |
|
|
|
|
Com. Reg. No.: |
5561425165 |
|
|
|
|
Legal Form : |
Limited liability company |
|
|
|
|
Line of Business : |
Manufacture of glass fibres |
|
|
|
|
No. of Employees : |
327 |
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 |
|
Status : |
Good |
|
Payment Behaviour : |
Regular |
|
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 |
A1 |
A1 |
|
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 |
Company Summary
|
Business Name |
Saint-Gobain Ecophon Aktiebolag |
|
Country |
SWEDEN |
|
Company Registration Number |
5561425165 |
|
Main Activity |
Manufacture of glass fibres |
|
Activity Code |
23140 |
|
Company Status |
Active |
|
Latest Turnover Figure |
1.512.125.000 SEK |
|
Latest Shareholder Equity Figure |
280.153.000 SEK |
|
Current Directors |
|||
|
Name |
Appointment Date |
Position |
|
|
Lambert, Thierry Claude Maxime |
24/11/2011 |
Actual Member of Board |
|
|
Gerardus Johannes Van Doormalen |
09/08/2010 |
Substitute |
|
|
Nielsen, Mogens |
14/09/2012 |
Actual Member of Board |
|
|
Vincent Alfred Hofman |
11/08/2011 |
Actual Member of Board |
|
|
Carsten Peter Svensson |
13/10/2004 |
Actual Member of Board |
|
|
Henrik Rafique Andrén |
10/08/2005 |
Actual Member of Board |
|
|
Glenn Roger Möllerström |
10/08/2005 |
Substitute |
|
|
Ralf Torgny Pettersson |
20/03/2006 |
Substitute |
|
|
Previous Directors |
|||
|
Name |
Appointment Date |
Position |
Resignation Date |
|
Neeteson, Reiner Paul |
12/01/2010 |
Actual Member of Board |
14/09/2012 |
|
Fafet, Gérald Pascal |
13/06/2008 |
Actual Member of Board |
24/11/2011 |
|
Hofman, Vincent Alfred |
09/08/2010 |
Actual Member of Board |
11/08/2011 |
|
Per Olof Nyström |
05/12/2002 |
Actual Member of Board |
09/08/2010 |
|
Nils Bertil Roland Malmros |
01/10/1998 |
Substitute |
09/08/2010 |
|
Toivonen, Jorma Rikhard |
13/10/2004 |
Actual Member of Board |
12/01/2010 |
|
Stefan Nils Michael Andersson |
05/12/2002 |
Actual Member of Board |
13/06/2008 |
|
Bo Peter Hjelm |
31/10/2003 |
Actual Member of Board |
13/06/2008 |
No negative information found
|
Issued Share Capital |
10.000.000 SEK |
|
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 |
- |
|
Number of applications for an order to pay |
- |
|
Number of reclaimed/revoked applications |
- |
|
Ultimate Holding Parent |
|
|
|
Ultimate Holding Company Name |
SAINT-GOBAIN ISG S.A. |
|
|
Ultimate Holding Company Country |
SWEDEN |
|
|
Immediate Holding Parent |
||
|
Immediate Holding Company Name |
Saint-Gobain Isover Aktiebolag |
|
|
Immediate Holding Company Country |
SWEDEN |
5560489931 |
|
Subsidary Companies |
||
|
Subsidiary Name |
Country |
Number |
|
Decoustics Ltd |
CANADA |
|
|
S-G Ecophon A/S |
NORWAY |
|
|
S-G Ecophon Production A/S |
DENMARK |
|
|
S-G Ecophon S.R.O |
CZECH REPUBLIC |
|
|
S-G Ecophon Zao |
RUSSIAN FEDERATION |
|
|
Affiliates |
||
|
Affiliate Name |
Country |
Number |
|
Saint-Gobain Rakennustuotteet Oy |
FINLAND |
574871 |
Other Information
|
Profit and Loss |
|||
|
Financial Year |
2011 |
2010 |
2009 |
|
Number of Weeks |
52 |
52 |
52 |
|
Currency |
SEK |
SEK |
SEK |
|
Conslotidated Accounts |
N |
N |
N |
|
Revenue |
1.543.812.000 |
1.156.139.000 |
1.190.009.000 |
|
Operating Costs |
1.337.965.000 |
963.081.000 |
995.914.000 |
|
Operating Profit |
205.847.000 |
193.058.000 |
194.095.000 |
|
Wages & Salaries |
- |
- |
- |
|
Depreciation |
- |
- |
- |
|
Financial Income |
2.164.000 |
723.000 |
906.000 |
|
Financial Expenses |
-2.410.000 |
-2.193.000 |
-1.854.000 |
|
Extraordinary Income |
- |
- |
- |
|
Extraordinary Costs |
- |
- |
- |
|
Profit before Tax |
244.596.000 |
258.743.000 |
293.558.000 |
|
Tax |
-54.548.000 |
-53.738.000 |
-53.716.000 |
|
Profit after Tax |
190.048.000 |
205.005.000 |
239.842.000 |
|
Minority Interests |
- |
- |
- |
|
Other Appropriations |
-1.147.000 |
12.867.000 |
7.408.000 |
|
Retained Profit |
188.901.000 |
217.872.000 |
247.250.000 |
|
Balance Sheet |
|||
|
Financial Year |
2011 |
2010 |
2009 |
|
Number of Weeks |
52 |
52 |
52 |
|
Currency |
SEK |
SEK |
SEK |
|
Consolidated Accounts |
N |
N |
N |
|
Land & Buildings |
13.300.000 |
13.675.000 |
14.788.000 |
|
Plant & Machinery |
39.638.000 |
40.184.000 |
31.684.000 |
|
Other Tangible Assets |
24.868.000 |
18.002.000 |
15.081.000 |
|
Total Tangible Assets |
77.806.000 |
71.861.000 |
61.553.000 |
|
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 |
79.733.000 |
81.255.000 |
82.614.000 |
|
Total Other Fixed Assets |
79.733.000 |
81.255.000 |
82.614.000 |
|
TOTAL FIXED ASSETS |
157.539.000 |
153.116.000 |
144.167.000 |
|
Work In Progress |
0 |
0 |
0 |
|
Other Inventories |
149.373.000 |
101.413.000 |
96.622.000 |
|
Total Inventories |
149.373.000 |
101.413.000 |
96.622.000 |
|
Trade Receivables |
148.943.000 |
72.960.000 |
61.238.000 |
|
Group Receivables |
198.341.000 |
257.896.000 |
202.112.000 |
|
Miscellaneous Receivables |
20.672.000 |
46.838.000 |
15.505.000 |
|
Total Receivables |
367.956.000 |
377.694.000 |
278.855.000 |
|
Cash |
10.000 |
6.000 |
208.000 |
|
Other Current Assets |
0 |
0 |
0 |
|
TOTAL CURRENT ASSETS |
517.339.000 |
479.113.000 |
375.685.000 |
|
TOTAL ASSETS |
674.878.000 |
632.229.000 |
519.852.000 |
|
Trade Payables |
72.354.000 |
74.279.000 |
58.980.000 |
|
Bank Liabilities |
0 |
0 |
0 |
|
Group Payables |
165.810.000 |
147.294.000 |
24.857.000 |
|
Miscellaneous Liabilities |
69.102.000 |
56.696.000 |
55.052.000 |
|
TOTAL CURRENT LIABILITIES |
307.266.000 |
278.269.000 |
138.889.000 |
|
Bank Liabilities Due After 1 Year |
0 |
0 |
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 |
87.459.000 |
81.106.000 |
88.603.000 |
|
TOTAL LONG TERM LIABILITIES |
87.459.000 |
81.106.000 |
88.603.000 |
|
TOTAL LIABILITIES |
394.725.000 |
359.375.000 |
227.492.000 |
|
Called Up Share Capital |
10.000.000 |
10.000.000 |
10.000.000 |
|
Share Premium |
0 |
0 |
0 |
|
Revenue Reserves |
285.473.000 |
345.025.000 |
280.360.000 |
|
Other Reserves |
-15.320.000 |
-82.171.000 |
2.000.000 |
|
TOTAL SHAREHOLDERS EQUITY |
280.153.000 |
272.854.000 |
292.360.000 |
|
Other Financials |
|||
|
Contingent Liabilities |
975.000 |
849.000 |
774.000 |
|
Working Capital |
210.073.000 |
200.844.000 |
236.796.000 |
|
Net Worth |
280.153.000 |
272.854.000 |
292.360.000 |
|
Ratios |
|||
|
Pre-Tax Profit Margin |
15.84 % |
22.38 % |
24.67 % |
|
Return On Capital Employed |
24.90 % |
28.42 % |
44.56 % |
|
Return On Total Assets Employed |
36.24 % |
40.93 % |
56.47 % |
|
Return On Net Assets Employed |
87.31 % |
94.83 % |
100.41 % |
|
Sales/Net Working Capital |
7.35 |
5.76 |
5.03 |
|
Stock Turnover Ratio |
9.68 % |
8.77 % |
8.12 % |
|
Debtor Days |
35.21 |
23.03 |
18.78 |
|
Creditor Days |
17.11 |
23.45 |
18.09 |
|
Current Ratio |
1.68 |
1.72 |
2.70 |
|
Liquidity Ratio/Acid Test |
1.20 |
1.36 |
2.01 |
|
Current Debt Ratio |
1.10 |
1.02 |
0.48 |
|
Gearing |
|
|
|
|
Equity In Percentage |
47.07 % |
49.52 % |
66.87 % |
|
Total Debt Ratio |
1.41 |
1.32 |
0.78 |
N/a
|
Basic Information |
|
|
Business Name |
Saint-Gobain Ecophon Aktiebolag |
|
Registered Company Name |
Saint-Gobain Ecophon Aktiebolag |
|
Company Registration Number |
5561425165 |
|
Country |
SWEDEN |
|
VAT Registration Number |
SE556142516501 |
|
Date of Company Registration |
14/12/1970 |
|
Legal Form |
Limited liability company |
|
Company Status |
Active |
|
Currency of this Report |
SEK |
|
Principal Activity Description |
Bolaget skall bedriva tillverkning och försäljning av
akustik-, installations- och övriga interiörprodukter ävensom idka därmed
förenlig verksamhet. |
|
Contact Address |
Box 500, 26503 HYLLINGE |
|
Contact Telephone Number |
042-179900 |
|
Activities |
|
|
Activity Code |
Activity Description |
|
23140 |
Manufacture of glass fibres |
|
25999 |
Manufacture of various other fabricated metal products
n.e.c. |
|
46731 |
Wholesale of wood and other construction materials |
|
Main Address |
||
|
Address |
Country |
Telephone |
|
Box 500, 26503 HYLLINGE |
SWEDEN |
042-179900 |
|
Other Address |
|
|
Address |
Country |
|
Kanalgatan 71, 93134 |
SWEDEN |
|
Krokslätts Fabriker 12, 43137 |
SWEDEN |
|
Thulegatan 20, 85236 |
SWEDEN |
|
Tunnlandsgatan 5, 70346 |
SWEDEN |
|
Borgmästargatan 12, 11629 |
SWEDEN |
|
Smedjegatan 37, 35246 |
SWEDEN |
|
Email Addresses |
|
No information for this company. |
|
Web Pages |
|
www.ecophon.com |
|
Employee Information |
|
|
Year |
Number of Employees |
|
2011 |
327 |
|
2010 |
305 |
|
2009 |
316 |
|
2008 |
324 |
|
2007 |
304 |
|
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 |
23140 |
|
Activity Description |
Manufacture of glass fibres |
|
Event History |
|
|
Event Date |
Event Description |
|
04/01/2013 |
Company representatives, changed |
|
28/09/2012 |
Company representatives, changed |
|
28/09/2012 |
Authorised signatory, changed |
|
26/09/2012 |
Company representatives, changed |
|
26/09/2012 |
Authorised signatory, changed |
|
20/09/2012 |
Company representatives, changed |
|
20/09/2012 |
Authorised signatory, changed |
|
15/09/2012 |
Authorised signatory, changed |
|
15/09/2012 |
Company representatives, changed |
|
16/08/2012 |
Authorised signatory, changed |
|
16/08/2012 |
Board, changed |
|
16/08/2012 |
Company representatives, changed |
|
30/07/2012 |
Annual account, new |
|
11/07/2012 |
Annual report (PDF), new |
|
25/11/2011 |
Authorised signatory, changed |
|
25/11/2011 |
Board, changed |
|
25/11/2011 |
Company representatives, changed |
|
12/08/2011 |
Company representatives, changed |
|
12/08/2011 |
Authorised signatory, changed |
|
12/08/2011 |
Board, changed |
|
14/07/2011 |
Annual account, new |
|
07/07/2011 |
Annual report (PDF), new |
|
29/03/2011 |
Fax number, new |
|
11/03/2011 |
Address, changed |
|
22/09/2010 |
Annual account, new |
|
09/09/2010 |
Annual report (PDF), new |
|
10/08/2010 |
Company representatives, changed |
|
10/08/2010 |
Board, changed |
|
10/08/2010 |
Authorised signatory, changed |
|
13/01/2010 |
Board, changed |
|
13/01/2010 |
Company representatives, changed |
|
13/01/2010 |
Authorised signatory, changed |
|
19/08/2009 |
Annual account, new |
|
24/07/2009 |
Annual report (PDF), new |
|
09/01/2009 |
Authorised signatory, changed |
|
09/01/2009 |
Board, changed |
|
09/01/2009 |
Company representatives, changed |
|
16/10/2008 |
Merge information, changed |
|
14/10/2008 |
Company representatives, changed |
|
14/10/2008 |
Board, changed |
|
14/10/2008 |
Authorised signatory, changed |
|
01/10/2008 |
Annual account, new |
|
29/09/2008 |
Board, changed |
|
26/09/2008 |
Annual report (PDF), new |
|
11/08/2008 |
Merge information, changed |
|
16/06/2008 |
Board, changed |
|
16/06/2008 |
Company representatives, changed |
|
16/06/2008 |
Authorised signatory, changed |
|
Status History |
|
|
Date |
Event Description |
|
11/08/2008 |
Merger ongoing |
|
11/08/2008 |
Merger ongoing |
|
16/10/2008 |
Merger concluded |
|
16/10/2008 |
Merger concluded |
N/a
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.64 |
|
|
1 |
Rs.82.41 |
|
Euro |
1 |
Rs.70.07 |
INFORMATION DETAILS
|
Report Prepared
by : |
PDT |
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.