|
Report Date : |
04.02.2013 |
IDENTIFICATION DETAILS
|
Name : |
AB KARL HEDIN SÅGVERK |
|
|
|
|
Registered Office : |
Karbenning, 73892 Norberg |
|
|
|
|
Country : |
Sweden |
|
|
|
|
Financials (as on) : |
2011 |
|
|
|
|
Date of Incorporation : |
13.12.1976 |
|
|
|
|
Com. Reg. No.: |
5561940775 |
|
|
|
|
Legal Form : |
Limited liability company |
|
|
|
|
Line of Business : |
The Subject shall conduct forestry and timber business and property
and to conduct other related activities. |
|
|
|
|
No. of Employees : |
192 |
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 |
|
Business Name |
AB Karl Hedin Sågverk |
|
Country |
SWEDEN |
|
Company Registration Number |
5561940775 |
|
Main Activity |
Sawmilling |
|
Activity Code |
16101 |
|
Company Status |
Active |
|
Latest Turnover Figure |
1.179.457.000 SEK |
|
Latest Shareholder Equity Figure |
144.141.000 SEK |
|
Credit Rating |
95 (1 - 100) |
|
Rating Description |
Very good credit worthiness |
|
Credit Limit |
50.000.000 SEK |
|
Basic Information |
|
|
Business Name |
AB KARL HEDIN SÅGVERK |
|
Registered Company Name |
AB Karl Hedin Sågverk |
|
Company Registration Number |
5561940775 |
|
Country |
SWEDEN |
|
VAT Registration Number |
SE556194077501 |
|
Date of Company Registration |
13/12/1976 |
|
Legal Form |
Limited liability company |
|
Company Status |
Active |
|
Currency of this Report |
SEK |
|
Principal Activity Description |
The Company shall conduct forestry and timber business and property and to conduct other related activities. |
|
Contact Address |
73892 NORBERG |
|
Contact Telephone Number |
0226-77100 |
|
Current Directors |
|||
|
Name |
Appointment Date |
Position |
|
|
Jan Peter Wigert |
16/11/1999 |
Actual Member of Board |
|
|
Björn Thorsten Andrén |
08/09/2010 |
Actual Member of Board |
|
|
Erik Conny Hanser |
30/08/2008 |
Actual Member of Board |
|
|
Karl Hedin |
|
Actual Member of Board |
|
|
Nils Anders Runnérus |
22/07/2008 |
Actual Member of Board |
|
|
Per-Olof Salling |
31/10/2003 |
Actual Member of Board |
|
|
Previous Directors |
|||
|
Name |
Appointment Date |
Position |
Resignation Date |
|
Nils Ingvar Fredrik
Nilsson Marnefeldt |
27/01/2010 |
Actual Member of Board |
28/06/2012 |
|
Per-Olof Salling |
27/09/2000 |
Managing Director |
27/01/2010 |
|
Karl Hedin |
16/11/1999 |
Chairman of Board |
22/07/2008 |
|
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 |
- |
|
Issued Share Capital |
100.000 SEK |
|
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 |
- |
No group structure for this company.
|
Profit and Loss |
|||
|
Financial Year |
2011 |
2010 |
2009 |
|
Number of Weeks |
52 |
52 |
52 |
|
Currency |
SEK |
SEK |
SEK |
|
Conslotidated Accounts |
N |
N |
N |
|
Revenue |
1.183.160.000 |
1.093.455.000 |
868.416.000 |
|
Operating Costs |
1.165.423.000 |
989.438.000 |
851.845.000 |
|
Operating Profit |
17.737.000 |
104.017.000 |
16.571.000 |
|
Wages & Salaries |
- |
- |
- |
|
Depreciation |
- |
- |
- |
|
Financial Income |
1.624.000 |
449.000 |
657.000 |
|
Financial Expenses |
-9.491.000 |
-6.953.000 |
-7.470.000 |
|
Extraordinary Income |
- |
- |
- |
|
Extraordinary Costs |
-9.491.000 |
-6.953.000 |
-7.470.000 |
|
Profit before Tax |
9.874.000 |
96.512.000 |
12.127.000 |
|
Tax |
-7.007.000 |
-16.882.000 |
-2.746.000 |
|
Profit after Tax |
9.874.000 |
96.512.000 |
12.127.000 |
|
Minority Interests |
- |
- |
- |
|
Other Appropriations |
14.978.000 |
-34.169.000 |
-1.463.000 |
|
Retained Profit |
17.845.000 |
45.461.000 |
7.918.000 |
|
Balance Sheet |
|||
|
Financial Year |
2011 |
2010 |
2009 |
|
Number of Weeks |
52 |
52 |
52 |
|
Currency |
SEK |
SEK |
SEK |
|
Consolidated Accounts |
N |
N |
N |
|
Land & Buildings |
40.197.000 |
37.222.000 |
37.233.000 |
|
Plant & Machinery |
177.463.000 |
213.079.000 |
242.625.000 |
|
Other Tangible Assets |
31.699.000 |
27.631.000 |
22.557.000 |
|
Total Tangible Assets |
249.359.000 |
277.932.000 |
302.415.000 |
|
Goodwill |
0 |
0 |
0 |
|
Other Intangible Assets |
333.000 |
0 |
0 |
|
Total Intangible Assets |
333.000 |
0 |
0 |
|
Loans To Group |
0 |
0 |
0 |
|
Other Loans |
0 |
0 |
0 |
|
Miscellaneous Fixed Assets |
86.692.000 |
90.388.000 |
93.807.000 |
|
Total Other Fixed Assets |
86.692.000 |
90.388.000 |
93.807.000 |
|
TOTAL FIXED ASSETS |
336.384.000 |
368.320.000 |
396.222.000 |
|
Work In Progress |
0 |
0 |
0 |
|
Other Inventories |
201.385.000 |
225.080.000 |
174.353.000 |
|
Total Inventories |
201.385.000 |
225.080.000 |
174.353.000 |
|
Trade Receivables |
130.488.000 |
5.003.000 |
0 |
|
Group Receivables |
27.705.000 |
133.431.000 |
49.661.000 |
|
Miscellaneous Receivables |
21.969.000 |
24.456.000 |
18.614.000 |
|
Total Receivables |
180.162.000 |
162.890.000 |
68.275.000 |
|
Cash |
5.000 |
1.874.000 |
7.000 |
|
Other Current Assets |
0 |
0 |
0 |
|
TOTAL CURRENT ASSETS |
381.552.000 |
389.844.000 |
242.635.000 |
|
TOTAL ASSETS |
717.936.000 |
758.164.000 |
638.857.000 |
|
Trade Payables |
140.406.000 |
43.315.000 |
35.275.000 |
|
Bank Liabilities |
10.000.000 |
10.000.000 |
10.000.000 |
|
Group Payables |
108.186.000 |
219.218.000 |
161.944.000 |
|
Miscellaneous Liabilities |
56.389.000 |
45.543.000 |
31.261.000 |
|
TOTAL CURRENT LIABILITIES |
314.981.000 |
318.076.000 |
238.480.000 |
|
Bank Liabilities Due After 1 Year |
10.000.000 |
20.000.000 |
30.000.000 |
|
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 |
218.990.000 |
233.968.000 |
199.799.000 |
|
TOTAL LONG TERM LIABILITIES |
258.814.000 |
283.792.000 |
259.623.000 |
|
TOTAL LIABILITIES |
573.795.000 |
601.868.000 |
498.103.000 |
|
Called Up Share Capital |
100.000 |
100.000 |
100.000 |
|
Share Premium |
0 |
0 |
0 |
|
Revenue Reserves |
144.016.000 |
156.090.000 |
140.131.000 |
|
Other Reserves |
25.000 |
106.000 |
523.000 |
|
TOTAL SHAREHOLDERS EQUITY |
144.141.000 |
156.296.000 |
140.754.000 |
|
Other Financials |
|||
|
Contingent Liabilities |
0 |
0 |
0 |
|
Working Capital |
66.571.000 |
71.768.000 |
4.155.000 |
|
Net Worth |
143.808.000 |
156.296.000 |
140.754.000 |
|
Ratios |
|||
|
Pre-Tax Profit Margin |
0.83 % |
8.83 % |
1.40 % |
|
Return On Capital Employed |
0.96 % |
8.97 % |
1.38 % |
|
Return On Total Assets Employed |
1.38 % |
12.73 % |
1.90 % |
|
Return On Net Assets Employed |
6.85 % |
61.75 % |
8.62 % |
|
Sales/Net Working Capital |
17.77 |
15.24 |
209.01 |
|
Stock Turnover Ratio |
17.02 % |
20.58 % |
20.08 % |
|
Debtor Days |
40.26 |
1.67 |
0.00 |
|
Creditor Days |
43.31 |
14.46 |
14.83 |
|
Current Ratio |
1.21 |
1.23 |
1.02 |
|
Liquidity Ratio/Acid Test |
0.57 |
0.52 |
0.29 |
|
Current Debt Ratio |
2.19 |
2.04 |
1.69 |
|
Gearing |
34.57 % |
38.28 % |
49.61 % |
|
Equity In Percentage |
22.85 % |
23.41 % |
25.82 % |
|
Total Debt Ratio |
3.98 |
3.85 |
3.54 |
N/a
|
Activities |
|
|
Activity Code |
Activity Description |
|
16101 |
Sawmilling |
|
16102 |
Planing of wood |
|
46731 |
Wholesale of wood and other construction
materials |
|
Main Address |
||
|
Address |
Country |
Telephone |
|
Karbenning, 73892 NORBERG |
SWEDEN |
0226-77100 |
|
Other Address |
|
|
Address |
Country |
|
Lastgatan 4, KRYLBO 77554 |
SWEDEN |
|
Karbenning 1, NORBERG 73892 |
SWEDEN |
|
Gamla Sjukhusvägen 1, SÄTER 78332 |
SWEDEN |
|
Email Addresses |
|
No information for this company. |
|
Web Pages |
|
No information for this company. |
|
Employee Information |
|
|
Year |
Number of Employees |
|
2011 |
192 |
|
2010 |
175 |
|
2009 |
165 |
|
2008 |
148 |
|
2007 |
122 |
|
Advisors |
|
|
Auditor Name |
Torbjörn Sjöström |
|
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 |
16101 |
|
Activity Description |
Sawmilling |
|
Industry Average Credit Rating |
75 (1 - 100) |
|
Industry Average Credit Limit |
1.107.000 SEK |
|
Event History |
|
|
Event Date |
Event Description |
|
04/10/2012 |
Annual account, new |
|
04/10/2012 |
Group annual accout, new |
|
06/09/2012 |
Status, changed |
|
06/09/2012 |
Authorised signatory, changed |
|
08/08/2012 |
Annual report (PDF), new |
|
29/06/2012 |
Board, changed |
|
29/06/2012 |
Merge information, changed |
|
29/06/2012 |
Status, changed |
|
29/06/2012 |
Company representatives, changed |
|
29/06/2012 |
Authorised signatory, changed |
|
18/08/2011 |
Annual account, new |
|
08/08/2011 |
Annual report (PDF), new |
|
10/05/2011 |
Board, changed |
|
29/03/2011 |
Phone number, new |
|
29/03/2011 |
Fax number, new |
|
15/02/2011 |
Board, changed |
|
15/02/2011 |
Company representatives, changed |
|
15/02/2011 |
Authorised signatory, changed |
|
09/09/2010 |
Board, changed |
|
09/09/2010 |
Authorised signatory, changed |
|
09/09/2010 |
Company representatives, changed |
|
30/08/2010 |
Annual account, new |
|
19/08/2010 |
Annual report (PDF), new |
|
01/02/2010 |
Company representatives, changed |
|
01/02/2010 |
Authorised signatory, changed |
|
01/02/2010 |
Board, changed |
|
28/01/2010 |
Authorised signatory, changed |
|
28/01/2010 |
Board, changed |
|
28/01/2010 |
Company representatives, changed |
|
10/09/2009 |
Annual account, new |
|
07/08/2009 |
Annual report (PDF), new |
|
01/09/2008 |
Company representatives, changed |
|
01/09/2008 |
Authorised signatory, changed |
|
01/09/2008 |
Board, changed |
|
19/08/2008 |
Annual account, new |
|
07/08/2008 |
Annual report (PDF), new |
|
23/07/2008 |
Company representatives, changed |
|
23/07/2008 |
Authorised signatory, changed |
|
23/07/2008 |
Board, changed |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.32 |
|
|
1 |
Rs.84.60 |
|
Euro |
1 |
Rs.72.63 |
INFORMATION DETAILS
|
Report Prepared
by : |
SDA |
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.