MIRA INFORM REPORT
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Report Date : |
25.02.2013 |
IDENTIFICATION DETAILS
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Name : |
PERSTORP OXO AB |
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Registered Office : |
Stenungsund, 444 84 |
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Country : |
Sweden |
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Financials (as on) : |
31.12.2011 |
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Year of Establishments: |
1942 |
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Com. Reg. No.: |
5560410895 |
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Legal Form : |
Private Subsidiary Company |
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Line of Business : |
Subject provides resource-solutions for business clients within
niches of organic and polymer chemistry |
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No. of Employees : |
243 |
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 : |
Good |
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Payment Behaviour : |
Regular |
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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 (31.03.2012) |
Current Rating (30.06.2012) |
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Sweden |
A2 |
A2 |
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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.
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Source : CIA |
Company name
Perstorp Oxo AB
Company Address
Stenungsund, 444 84
Sweden
Tel: 46 (303) 728 600
Fax: 46303728607
Web: www.perstorp.com
Synthesis
Employees: 243
Company Type: Private Subsidiary
Corporate Family: 256
Companies
Ultimate Parent: PAI
Partners SAS
Incorporation Date: 1942
Financials in: USD
(Millions)
Fiscal Year End:
31-Dec-2011
Reporting Currency: Swedish
Krona
Annual Sales: 598.7
Total Assets: NA
Business Description
Perstorp Oxo AB (Perstorp) is a chemical products marketing company, based in Sweden. The company provides resource- solutions for business clients within niches of organic and polymer chemistry. It produces and distributes chemicals group on polyalcohol. The company’s products include bio fuels, adhesives, detergents formaldehyde production, formaldehyde production, pharmaceutical intermediate, PVC, coatings - saturated polyesters (powder), coalesces, feed additives, hydroxy acids, PET - polyethylene terephthalate, plasticizers, polyalcohols (alkoxylated), polyalcohols (micronized), polycarbonate diols, silage additives, sodium chloride, polymers and sulphates. It joint ventures with Thailand’s chemical producer PTT Global Chemical for the manufacturing and sales of products for the polyurethane industry. Perstorp is headquartered in Perstorp, Sweden.
Industry
Industry Chemical Manufacturing
ANZSIC 2006: 1813 - Basic
Inorganic Chemical Manufacturing
NACE 2002: 2413 - Manufacture
of other inorganic basic chemicals
NAICS 2002: 325188 - All Other
Basic Inorganic Chemical Manufacturing
UK SIC 2003: 2413 - Manufacture
of other inorganic basic chemicals
UK SIC 2007: 2013 - Manufacture
of other inorganic basic chemicals
US SIC 1987: 2819 - Industrial
Inorganic Chemicals, Not Elsewhere Classified
Key Executives
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Name |
Title |
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Christer Andersson |
Managing Director |
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Annika Folkesson |
Finance Manager |
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Jerker Olsson |
Sales Manager |
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Thomas Hellberg |
Administration Manager, HR Executive |
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Lars-Olof Henriksson |
IT Executive |
Registered No.(SWE): 5560410895
1 - Profit & Loss Item Exchange Rate: USD 1 = SEK 6.49369
2 - Balance Sheet Item Exchange Rate: USD 1 = SEK 6.8553
Corporate Overview
Location
Stenungsund, 444 84
Sweden
Tel: 46 (303) 728 600
Fax: 46303728607
Web: www.perstorp.com
Sales SEK(mil): 3,888.0
Assets SEK(mil): NA
Employees: 243
Fiscal Year End: 31-Dec-2011
Industry: Chemical
Manufacturing
Incorporation Date: 1942
Company Type: Private
Subsidiary
Quoted Status: Not
Quoted
Registered No.(SWE): 5560410895
Managing Director: Christer
Andersson
Contents
Industry Codes
Business Description
Financial Data
Key Corporate Relationships
Industry Codes
ANZSIC 2006 Codes:
1813 - Basic Inorganic Chemical Manufacturing
3323 - Industrial and Agricultural Chemical Product Wholesaling
1812 - Basic Organic Chemical Manufacturing
NACE 2002 Codes:
2413 - Manufacture of other inorganic basic chemicals
5155 - Wholesale of chemical products
2414 - Manufacture of other organic basic chemicals
NAICS 2002 Codes:
325188 - All Other Basic Inorganic Chemical Manufacturing
325199 - All Other Basic Organic Chemical Manufacturing
424690 - Other Chemical and Allied Products Merchant Wholesalers
US SIC 1987:
2819 - Industrial Inorganic Chemicals, Not Elsewhere Classified
2869 - Industrial Organic Chemicals, Not Elsewhere Classified
5169 - Chemicals and Allied Products, Not Elsewhere Classified
UK SIC 2003:
2413 - Manufacture of other inorganic basic chemicals
5155 - Wholesale of chemical products
2414 - Manufacture of other organic basic chemicals
UK SIC 2007:
2013 - Manufacture of other inorganic basic chemicals
2014 - Manufacture of other organic basic chemicals
4675 - Wholesale of chemical products
Business
Description
Production and
sale of industrial chemicals including speciality chemicals for the paint,
coatings, rubber and plastic industries
More Business Descriptions
Perstorp Oxo AB
(Perstorp) is a chemical products marketing company, based in Sweden. The
company provides resource- solutions for business clients within niches of
organic and polymer chemistry. It produces and distributes chemicals group on
polyalcohol. The company’s products include bio fuels, adhesives, detergents
formaldehyde production, formaldehyde production, pharmaceutical intermediate,
PVC, coatings - saturated polyesters (powder), coalesces, feed additives,
hydroxy acids, PET - polyethylene terephthalate, plasticizers, polyalcohols
(alkoxylated), polyalcohols (micronized), polycarbonate diols, silage
additives, sodium chloride, polymers and sulphates. It joint ventures with
Thailand’s chemical producer PTT Global Chemical for the manufacturing and
sales of products for the polyurethane industry. Perstorp is headquartered in
Perstorp, Sweden.
All Other Chemical Product and Preparation Manufacturing
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Competitors Report
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Company
Name |
Location |
Employees |
Ownership |
|
Akzo Nobel N.V. |
Amsterdam, Netherlands |
55,590 |
Public |
|
Clariant International AG |
Muttenz, Switzerland |
21,536 |
Public |
Executive report
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Board
of Directors |
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ledamot och ordförande |
Director/Board Member |
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ledamot |
Director/Board Member |
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ledamot |
Director/Board Member |
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ledamot |
Director/Board Member |
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Executives |
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Managing Director |
Managing Director |
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Administration Executive |
Administration Executive |
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Administration Manager, HR Executive |
Administration Executive |
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Administration Executive |
Administration Executive |
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Finance Manager |
Finance Executive |
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Finance Manager |
Finance Executive |
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Director Comp & Benefit director |
Benefits & Compensation Executive |
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Executive Vice President Corporate HR
& Communications |
Human Resources Executive |
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Director HR |
Human Resources Executive |
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Human Resources Manager |
Human Resources Executive |
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Sales Manager |
Sales Executive |
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IT Executive |
Information Executive |
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Technical Manager, Technical Executive |
Engineering/Technical Executive |
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IT Manager |
Engineering/Technical Executive |
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Technical Executive |
Engineering/Technical Executive |
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Technical Manager |
Engineering/Technical Executive |
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Production Director |
Product Management Executive |
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Purchasing Manager |
Purchasing Executive |
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Annual Profit & Loss
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31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
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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) |
6.493691 |
7.206564 |
7.645194 |
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Consolidated |
No |
No |
No |
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Total Revenue |
602.8 |
520.0 |
340.5 |
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Gross Profit |
69.4 |
62.6 |
3.9 |
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Net Financial Items |
-8.3 |
-5.5 |
-5.1 |
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Operating Income |
58.0 |
51.8 |
-4.5 |
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Income Before Tax |
60.5 |
56.6 |
-1.5 |
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Net Income |
44.4 |
42.3 |
-1.1 |
Annual Balance
Sheet
Financials in: USD (mil)
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31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
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Filed Currency |
SEK |
SEK |
SEK |
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Exchange Rate |
6.8553 |
6.72285 |
7.1401 |
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Consolidated |
No |
No |
No |
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Total Assets |
244.9 |
268.8 |
251.1 |
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Provisions |
22.3 |
33.2 |
41.7 |
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Total Liabilities |
213.0 |
225.4 |
202.3 |
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Total Equity |
9.5 |
10.2 |
7.1 |
Annual Ratios
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31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
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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 |
No |
No |
No |
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Operating Margin |
9.66 |
10.00 |
-1.28 |
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Current Ratio |
57.23 |
63.19 |
64.92 |
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Total debt/total equity |
10.44 |
12.68 |
14.80 |
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Return on average equity |
184.12 |
145.42 |
-27.60 |
Annual Growth
Rates
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31-Dec-2010 |
31-Dec-2009 |
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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 |
No |
No |
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Turnover Percent Change |
4.45% |
43.98% |
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Marginal Contribution Percent Change |
-0.22% |
1,396.05% |
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Net Financial Items Percent Change |
-35.40% |
-3.44% |
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Operating Results Percent Change |
0.99% |
1,178.54% |
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Profit/Loss Before Tax Percent Change |
-3.77% |
3,726.39% |
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Profit/Loss for the Year Percent Change |
-5.54% |
3,771.34% |
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Assets Percent Change |
-7.09% |
0.77% |
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Provisions Percent Change |
-31.39% |
-25.14% |
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Debts Percent Change |
-3.61% |
4.92% |
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Equity Capital Percent Change |
-5.03% |
34.68% |
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Operating Margin Percent Change |
-3.40% |
881.25% |
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Current Ratio Percent Change |
-9.43% |
-2.66% |
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Debt/Equity Ratio Percent Change |
-17.67% |
-14.32% |
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Return On Equity Percent Change |
26.61% |
626.88% |
FOREIGN EXCHANGE RATES
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Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.43 |
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UK Pound |
1 |
Rs.83.20 |
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Euro |
1 |
Rs.71.91 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
RATING EXPLANATIONS
|
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 |
|
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 |
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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.