MIRA
INFORM REPORT
|
Report Date : |
04.06.2013 |
IDENTIFICATION DETAILS
|
Name : |
STENA METAL INTERNATIONAL AB |
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Registered Office : |
Goteborg, 40040 |
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Country : |
Sweden |
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Financials (as on) : |
31.08.2012 |
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Date of Incorporation : |
2007 |
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Com. Reg. No.: |
5567322895 |
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Legal Form : |
Private Subsidiary |
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Line of Business : |
Subject is engaged in the merchant wholesale distribution
of automotive scrap, industrial scrap, and other recyclable materials. |
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No. of Employees : |
33 |
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 |
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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 – March, 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
Sweden |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
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 the contraction continued 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, but growth slipped to 1.2% in
2012. The government proposed stimulus measures in 2012 to curb the effects of
a global economic slowdown and boost employment and growth.
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Source
: CIA |
Company name and address
STENA METAL INTERNATIONAL AB
Göteborg, 40040 Sweden
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Business Description
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
|
Name |
Title |
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Sven Thomas Andersson |
verkst dir, ledamot |
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Leif Stefan Gustafsson |
ledamot och ordförande |
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Carl Anders Höglund |
ledamot |
|
John Peter Lindqvist |
ledamot |
Registered No.(SWE): 5567322895
1 - Profit & Loss Item Exchange Rate: USD 1 = SEK 6.799393
2 - Balance Sheet Item Exchange Rate:
USD 1 = SEK 6.690567
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ANZSIC 2006 Codes: |
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3322 |
- |
Metal and
Mineral Wholesaling |
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NACE 2002 Codes: |
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5157 |
- |
Wholesale of
waste and scrap |
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NAICS 2002 Codes: |
||
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423930 |
- |
Recyclable
Material Merchant Wholesalers |
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42393 |
- |
Recyclable
Material Merchant Wholesalers |
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US SIC 1987: |
||
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5093 |
- |
Scrap and
Waste Materials |
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UK SIC 2003: |
||
|
5157 |
- |
Wholesale of
waste and scrap |
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UK SIC 2007: |
||
|
4677 |
- |
Wholesale of
waste and scrap |
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.
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Corporate
Family
Corporate Structure News:
Total Corporate Family Members: 81
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Company Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
|
Parent |
Goteborg |
Sweden |
Water Transportation |
4,027.1 |
15,576 |
|
|
Subsidiary |
Gothenburg |
Sweden |
Water Transportation |
1,358.6 |
5,700 |
|
|
Unit |
Göteborg |
Sweden |
Miscellaneous Capital Goods |
4,430.1 |
3,486 |
|
|
Subsidiary |
Warszawa |
Poland |
Waste Management Services |
191.5 |
542 |
|
|
Subsidiary |
Göteborg, Västra Götaland |
Sweden |
Construction - Supplies and Fixtures |
252.2 |
406 |
|
|
Subsidiary |
Storfors, Värmland |
Sweden |
Miscellaneous Fabricated Products |
20.9 |
|
|
|
Subsidiary |
Molkom, Värmland |
Sweden |
Miscellaneous Fabricated Products |
20.6 |
|
|
|
Subsidiary |
Göteborg, Västra Götaland |
Sweden |
Waste Management Services |
72.7 |
182 |
|
|
Subsidiary |
Køge |
Denmark |
Waste Management Services |
240.8 |
176 |
|
|
Subsidiary |
Castenedolo, Brescia |
Italy |
Waste Management Services |
15.4 |
139 |
|
|
Subsidiary |
Ă„lmhult |
Sweden |
Miscellaneous Fabricated Products |
142.0 |
105 |
|
|
Subsidiary |
Göteborg, Västra Götaland |
Sweden |
Miscellaneous Financial Services |
24.9 |
96 |
|
|
Subsidiary |
Vantaa |
Finland |
Waste Management Services |
146.0 |
90 |
|
|
Subsidiary |
Vantaa |
Finland |
Waste Management Services |
10.1 |
|
|
|
Subsidiary |
Bucharest |
Romania |
Waste Management Services |
|
35 |
|
|
Subsidiary |
Göteborg, Västra Götaland |
Sweden |
Waste Management Services |
1,171.1 |
33 |
|
|
Subsidiary |
Göteborg |
Sweden |
Oil and Gas Operations |
1,197.5 |
14 |
|
|
Subsidiary |
Göteborg, Västra Götaland |
Sweden |
Investment Services |
975.5 |
6 |
|
|
Subsidiary |
Werder, Brandenburg |
Germany |
Commercial Banks |
|
3 |
|
|
Subsidiary |
Hamburg, Hamburg |
Germany |
Waste Management Services |
46.6 |
140 |
|
|
Subsidiary |
Werder, Brandenburg |
Germany |
Waste Management Services |
|
70 |
|
|
Subsidiary |
Riihimäki |
Finland |
Iron and Steel |
115.8 |
|
|
|
Unit |
Dun Laoghaire Harbour, Co Dublin |
Ireland |
Water Transportation |
307.0 |
1,693 |
|
|
Unit |
Hoek van Holland, Holland |
Netherlands |
Miscellaneous Transportation |
9.2 |
500 |
|
|
Unit |
Stranraer |
United Kingdom |
Miscellaneous Transportation |
|
500 |
|
|
Unit |
Gothenburg |
Sweden |
Miscellaneous Transportation |
1,173.5 |
400 |
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|
Unit |
Gothenburg |
Sweden |
Miscellaneous Transportation |
|
400 |
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Affiliates |
Goteborg |
Sweden |
Water Transportation |
80.2 |
381 |
|
|
Unit |
Goodwick |
United Kingdom |
Water Transportation |
|
300 |
|
|
Unit |
Kiel, Schleswig-Holstein |
Germany |
Miscellaneous Transportation |
|
120 |
|
|
Unit |
Frederikshavn |
Denmark |
Water Transportation |
|
110 |
|
|
Unit |
Belfast |
United Kingdom |
Miscellaneous Transportation |
|
100 |
|
|
Unit |
Oslo |
Norway |
Miscellaneous Transportation |
13.9 |
60 |
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|
Unit |
Amsterdam |
Netherlands |
Water Transportation |
38.8 |
50 |
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|
Unit |
Frederikshavn |
Denmark |
Miscellaneous Transportation |
24.8 |
50 |
|
|
Unit |
Harwich |
United Kingdom |
Water Transportation |
|
40 |
|
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Unit |
Varberg |
Sweden |
Miscellaneous Transportation |
|
25 |
|
|
Unit |
Lyckeby |
Sweden |
Miscellaneous Transportation |
|
25 |
|
|
Unit |
Grena |
Denmark |
Water Transportation |
|
25 |
|
|
Unit |
Gothenburg |
Sweden |
Miscellaneous Transportation |
|
19 |
|
|
Unit |
Rosslare, Wexford |
Ireland |
Miscellaneous Transportation |
|
15 |
|
|
Unit |
Kiel |
Germany |
Miscellaneous Transportation |
|
14 |
|
|
Subsidiary |
Hoek van Holland |
Netherlands |
Water Transportation |
266.4 |
5,700 |
|
|
Subsidiary |
Hoek Van Holland, Zuid-Holland |
Netherlands |
Miscellaneous Transportation |
227.6 |
2 |
|
|
Subsidiary |
Göteborg |
Sweden |
Water Transportation |
785.0 |
2,164 |
|
|
Subsidiary |
Holyhead |
United Kingdom |
Water Transportation |
325.1 |
1,568 |
|
|
Subsidiary |
Göteborg, Västra Götaland |
Sweden |
Real Estate Operations |
11.3 |
248 |
|
|
Subsidiary |
Göteborg, Västra Götaland |
Sweden |
Real Estate Operations |
17.8 |
77 |
|
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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 |
|
|
Subsidiary |
Stockholm, Stockholm |
Sweden |
Real Estate Operations |
19.9 |
20 |
|
|
Subsidiary |
Saltsjöbaden, Stockholm |
Sweden |
Real Estate Operations |
21.7 |
18 |
|
|
Subsidiary |
Göteborg, Västra Götaland |
Sweden |
Water Transportation |
34.4 |
70 |
|
|
Subsidiary |
Göteborg, Västra Götaland |
Sweden |
Oil and Gas Operations |
234.8 |
20,000 |
|
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Subsidiary |
Singapore |
Singapore |
Miscellaneous Transportation |
0.5 |
|
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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 |
Valbonne |
France |
Business Services |
3.4 |
7 |
|
|
Subsidiary |
Amstelveen, Noord-Holland |
Netherlands |
Miscellaneous Financial Services |
2.3 |
|
|
|
Subsidiary |
Amstelveen, Noord-Holland |
Netherlands |
Miscellaneous Financial Services |
|
11 |
|
|
Subsidiary |
London |
United Kingdom |
Water Transportation |
0.0 |
|
|
|
Subsidiary |
Amstelveen, Noord-Holland |
Netherlands |
Business Services |
|
|
|
|
Subsidiary |
Amstelveen, Noord-Holland |
Netherlands |
Miscellaneous Financial Services |
|
|
|
|
Subsidiary |
Goodwick |
United Kingdom |
Business Services |
|
550 |
|
|
Subsidiary |
Sevenoaks |
United Kingdom |
Water Transportation |
325.1 |
1,568 |
|
|
Subsidiary |
Sevenoaks |
United Kingdom |
Business Services |
1.1 |
16 |
|
|
Subsidiary |
Sevenoaks |
United Kingdom |
Miscellaneous Transportation |
2.7 |
|
|
|
Subsidiary |
London |
United Kingdom |
Commercial Banks |
|
|
|
|
Subsidiary |
London |
United Kingdom |
Nonclassifiable Industries |
|
|
|
|
Subsidiary |
London |
United Kingdom |
Investment Services |
|
|
|
|
Subsidiary |
Edinburgh |
United Kingdom |
Nonclassifiable Industries |
|
|
|
|
UK Branch/Trading address |
Kent |
United Kingdom |
Miscellaneous Financial Services |
|
1,000 |
|
|
Subsidiary |
Singapore |
Singapore |
Miscellaneous Transportation |
0.4 |
4 |
|
|
Subsidiary |
Sevenoaks |
United Kingdom |
Water Transportation |
|
49 |
|
|
Subsidiary |
Sevenoaks |
United Kingdom |
Water Transportation |
44.4 |
|
|
|
Subsidiary |
Stranraer |
United Kingdom |
Business Services |
1.6 |
|
|
|
Subsidiary |
Sevenoaks |
United Kingdom |
Water Transportation |
|
|
|
|
Subsidiary |
Sevenoaks |
United Kingdom |
Water Transportation |
|
|
|
|
Subsidiary |
Hoek Van Holland, Zuid-Holland |
Netherlands |
Miscellaneous Financial Services |
2.4 |
|
|
|
Subsidiary |
Valbonne |
France |
Miscellaneous Financial Services |
1.5 |
|
|
|
Subsidiary |
Göteborg, Västra Götaland |
Sweden |
Investment Services |
0.5 |
|
Executives Report
Board of Directors
|
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verkst dir, ledamot |
Director/Board Member |
|||
|
ledamot och ordförande |
Director/Board Member |
|||
|
ledamot |
Director/Board Member |
|||
|
ledamot |
Director/Board Member |
Executives
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|
verkst dir, ledamot |
Managing Director |
Annual Profit & Loss
|
|
31-Aug-2012 |
31-Aug-2011 |
|
Period Length |
12 Months |
12 Months |
|
Filed Currency |
SEK |
SEK |
|
Exchange Rate (Period
Average) |
6.799393 |
6.540951 |
|
Consolidated |
No |
No |
|
|
|
|
|
Total Revenue |
1,171.1 |
976.2 |
|
Gross Profit |
10.5 |
8.6 |
|
Net Financial Items |
-6.1 |
-4.3 |
|
Operating Income |
10.5 |
8.6 |
|
Income Before Tax |
4.5 |
4.3 |
|
Net Income |
3.2 |
3.1 |
Annual
Balance Sheet
Financials in: USD (mil)
|
|
31-Aug-2012 |
31-Aug-2011 |
|
Filed Currency |
SEK |
SEK |
|
Exchange Rate |
6.690567 |
6.32405 |
|
Consolidated |
No |
No |
|
|
|
|
|
Total Assets |
109.0 |
146.8 |
|
Total Liabilities |
108.3 |
146.2 |
|
Total Equity |
0.8 |
0.7 |
Annual
Ratios
|
|
31-Aug-2012 |
31-Aug-2011 |
|
Period Length |
12 Months |
12 Months |
|
Filed Currency |
- |
- |
|
Exchange Rate |
- |
- |
|
Consolidated |
No |
No |
|
|
|
|
|
Operating Margin |
0.91 |
0.88 |
|
Current Ratio |
100.68 |
100.43 |
|
Total debt/total equity |
0.69 |
0.45 |
|
Return on average equity |
601.07 |
674.22 |
Annual
Growth Rates
|
|
31-Aug-2011 |
|
Period Length |
12 Months |
|
Filed Currency |
- |
|
Exchange Rate |
- |
|
Consolidated |
No |
|
|
|
|
Turnover Percent Change |
24.70% |
|
Marginal Contribution Percent Change |
28.04% |
|
Net Financial Items Percent Change |
-48.18% |
|
Operating Results Percent Change |
27.85% |
|
Profit/Loss Before Tax Percent Change |
7.69% |
|
Profit/Loss for the Year Percent Change |
5.99% |
|
Assets Percent Change |
-21.45% |
|
Debts Percent Change |
-21.64% |
|
Equity Capital Percent Change |
20.79% |
|
Operating Margin Percent Change |
3.41% |
|
Current Ratio Percent Change |
0.25% |
|
Debt/Equity Ratio Percent Change |
53.33% |
|
Retun On Equity Percent Change |
-10.85% |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.56.57 |
|
|
1 |
Rs.86.15 |
|
Euro |
1 |
Rs.73.64 |
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.