MIRA INFORM REPORT

 

 

Report Date :

22.06.2013

 

IDENTIFICATION DETAILS

 

Name :

ABB AB

 

 

Head Office :

ADP/ Components SE-77180 Ludvika Box No 9300 Sweden 771 80

 

 

Country :

Sweden

 

 

Financials (as on) :

2011

 

 

Date of Incorporation :

23.01.1931

 

 

Com. Reg. No.:

5560297029

 

 

Legal Form :

Limited liability company

 

 

LINE OF BUSINESS :

·         MANUFACTURE OF ELECTRICITY DISTRIBUTION AND CONTROL APPARATUS

·         MANUFACTURE OF ELECTRIC MOTORS, GENERATORS AND TRANSFORMERS

 

 

No. of Employees :

8742

 

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 :

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

 

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 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.

 

Source : CIA

 

 

REGISTERED NAME & COMPANY SUMMARY

 

Company Summary

 

Business Name

ABB AB

Head Office / Mailing Address:

ADP/ Components SE-77180 Ludvika Box No 9300 Sweden 771 80, Sweden

Country

SWEDEN

Company Registration Number

5560297029

Main Activity

Manufacture of electricity distribution and control apparatus

Activity Code

27120

Company Status

Active

Latest Turnover Figure

31.505.000.000 SEK

Latest Shareholder Equity Figure

9.172.000.000 SEK

 

 

Basic Information Company Information

 

Business Name

ABB AB

Registered Company Name

ABB AB

Company Registration Number

5560297029

Country

SWEDEN

VAT Registration Number

SE556029702901

Date of Company Registration

23/01/1931

Legal Form

Limited liability company

Company Status

Active

Currency of this Report

SEK

Principal Activity Description

Bolaget har till föremål för sin verksamhet - att för egen del eller annans räkning utveckla, konstruera, tillverka, marknadsföra, försälja, ta i drift samt underhålla

Contact Address

72183 VÄSTERÅS

Contact Telephone Number

021-325000

 

 

DIRECTORS/MANAGEMENT

 

Current Directors

Name

Appointment Date

Position

 

Steel, Gary Glachan

01/11/2003

Actual Member of Board

 

Frank Johan Söderström

01/06/2010

Actual Member of Board

 

Trevor, John Gregory

03/05/2011

Actual Member of Board

 

Carl-Johan Mikael Linér

17/10/2012

Actual Member of Board

 

Inga Eva-Lena Pettersson

23/12/2003

Employee Representative

 

Lena Maria Andersson

01/09/2010

Actual Member of Board

 

Sven Peter Freyhult

14/02/2006

Employee Representative

 

Ulf Stefan Viking

26/05/2008

Employee Representative

 

Bo Gunnar Björkenor

23/05/2007

Substitute

 

Daniel Erik Ingemar Eriksson

06/03/2012

Substitute

 

Dennis André Bäckman

16/09/2006

Employee Representative

 

Lars Fredrik Holmgren

29/05/2009

Substitute

 

Åsa Cecilia Jackson

06/03/2012

Substitute

 

 

Previous Directors

Name

Appointment Date

Position

Resignation Date

Helge Pontus Valdemar Petersson

28/03/2007

Actual Member of Board

06/03/2012

Lena Kristina Eliasson

14/02/2006

Substitute

06/03/2012

Inga Eva-Lena Pettersson

23/12/2003

Substitute

06/03/2012

Sten Erik Jakobsson

16/08/2001

Actual Member of Board

04/04/2011

Andersson, Lena Maria

03/05/2010

External Signatory

01/06/2010

Per Haugland

01/11/2003

Actual Member of Board

03/05/2010

Ulf Magnus Örnberg

14/02/2006

Actual Member of Board

03/05/2010

Leif Olof Ivarsson

14/02/2006

Employee Representative

29/05/2009

Ulf Stefan Viking

26/05/2008

Substitute

29/05/2009

Voitto Ilmari Riihimäki

23/12/2003

Employee Representative

26/05/2008

 

 

NEGATIVE INFORMATION

 

Na

SHARE & SHARE CAPITAL INFORMATION

 

Issued Share Capital

400.000.000 SEK

 

 

PAYMENT INFORMATION

 

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

-

Number of applications for an order to pay

1

Number of reclaimed/revoked applications

13

 

 

GROUP STRUCTURE & AFFILIATED COMPANIES

 

Ultimate Holding Parent

 

Ultimate Holding Company Name

ABB LTD

 

Ultimate Holding Company Country

SWITZERLAND

 

 

Immediate Holding Parent

No information for this company.

 

Subsidary Companies

Subsidiary Name

Country

Number

No subsidaries for this company.

 

 

 

Affiliates

Affiliate Name

Country

Number

No affiliates for this company.

 

 

Other Information

 

 

FINANCIAL 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

31.505.000.000

27.187.000.000

28.357.000.000

Operating Costs

27.233.000.000

25.487.000.000

25.605.000.000

Operating Profit

4.272.000.000

1.700.000.000

2.752.000.000

Wages & Salaries

-

-

-

Depreciation

-

-

-

Financial Income

115.000.000

34.000.000

55.000.000

Financial Expenses

-51.000.000

-7.000.000

-47.000.000

Extraordinary Income

-

-

-

Extraordinary Costs

-51.000.000

-7.000.000

-47.000.000

Profit before Tax

4.336.000.000

1.751.000.000

2.774.000.000

Tax

-1.149.000.000

-441.000.000

-731.000.000

Profit after Tax

4.336.000.000

1.751.000.000

2.774.000.000

Minority Interests

-

-

-

Other Appropriations

-114.000.000

-66.000.000

-59.000.000

Retained Profit

3.073.000.000

1.244.000.000

1.984.000.000

 

Balance Sheet

Financial Year

2011

2010

2009

Number of Weeks

52

52

52

Currency

SEK

SEK

SEK

Consolidated Accounts

N

N

N

Land & Buildings

28.000.000

30.000.000

14.000.000

Plant & Machinery

1.262.000.000

985.000.000

807.000.000

Other Tangible Assets

779.000.000

912.000.000

844.000.000

Total Tangible Assets

2.069.000.000

1.927.000.000

1.665.000.000

Goodwill

75.000.000

95.000.000

24.000.000

Other Intangible Assets

129.000.000

199.000.000

310.000.000

Total Intangible Assets

204.000.000

294.000.000

334.000.000

Loans To Group

0

0

0

Other Loans

0

0

0

Miscellaneous Fixed Assets

2.151.000.000

1.099.000.000

419.000.000

Total Other Fixed Assets

2.151.000.000

1.099.000.000

419.000.000

TOTAL FIXED ASSETS

4.424.000.000

3.320.000.000

2.418.000.000

Work In Progress

3.732.000.000

1.737.000.000

2.191.000.000

Other Inventories

3.884.000.000

4.048.000.000

4.007.000.000

Total Inventories

7.616.000.000

5.785.000.000

6.198.000.000

Trade Receivables

6.310.000.000

5.592.000.000

5.626.000.000

Group Receivables

0

0

0

Miscellaneous Receivables

1.444.000.000

3.397.000.000

1.849.000.000

Total Receivables

7.754.000.000

8.989.000.000

7.475.000.000

Cash

5.381.000.000

6.033.000.000

4.983.000.000

Other Current Assets

0

0

0

TOTAL CURRENT ASSETS

20.751.000.000

20.807.000.000

18.656.000.000

TOTAL ASSETS

25.175.000.000

24.127.000.000

21.074.000.000

Trade Payables

3.947.000.000

3.767.000.000

3.506.000.000

Bank Liabilities

0

0

0

Group Payables

0

0

0

Miscellaneous Liabilities

8.923.000.000

8.756.000.000

7.949.000.000

TOTAL CURRENT LIABILITIES

12.870.000.000

12.523.000.000

11.455.000.000

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

3.133.000.000

3.213.000.000

1.357.000.000

TOTAL LONG TERM LIABILITIES

3.133.000.000

3.213.000.000

1.791.000.000

TOTAL LIABILITIES

16.003.000.000

15.736.000.000

13.246.000.000

Called Up Share Capital

400.000.000

400.000.000

400.000.000

Share Premium

0

0

0

Revenue Reserves

9.184.000.000

7.794.000.000

7.845.000.000

Other Reserves

-412.000.000

197.000.000

-417.000.000

TOTAL SHAREHOLDERS EQUITY

9.172.000.000

8.391.000.000

7.828.000.000

 

Other Financials

Contingent Liabilities

88.000.000

80.000.000

80.000.000

Working Capital

7.881.000.000

8.284.000.000

7.201.000.000

Net Worth

8.968.000.000

8.097.000.000

7.494.000.000

 

Ratios

Pre-Tax Profit Margin

13.76 %

6.44 %

9.78 %

Return On Capital Employed

11.40 %

4.78 %

8.53 %

Return On Total Assets Employed

17.22 %

7.26 %

13.16 %

Return On Net Assets Employed

47.27 %

20.87 %

35.44 %

Sales/Net Working Capital

4.00

3.28

3.94

Stock Turnover Ratio

24.17 %

21.28 %

21.86 %

Debtor Days

73.10

75.08

72.42

Creditor Days

45.73

50.57

45.13

Current Ratio

1.61

1.66

1.63

Liquidity Ratio/Acid Test

1.02

1.20

1.09

Current Debt Ratio

1.40

1.49

1.46

Gearing

13.18 %

14.54 %

5.63 %

Equity In Percentage

40.19 %

36.91 %

38.52 %

Total Debt Ratio

1.74

1.88

1.69

 

 

FOREIGN EXCHANGE RATES

 

Na

 

ADDITIONAL INFORMATION

 

Activities

Activity Code

Activity Description

27120

Manufacture of electricity distribution and control apparatus

27110

Manufacture of electric motors, generators and transformers

27320

Manufacture of other electronic and electric wires and cables

33200

Installation of industrial machinery and equipment

27900

Manufacture of other electrical equipment

 

Main Address

Address

Country

Telephone

Unknown address

SWEDEN

021-325000

 

Other Address

Address

Country

Mekanikervägen 6, BANKERYD 56435

SWEDEN

Stationsgatan 55, HALMSTAD 30250

SWEDEN

Sävelundsgatan 2, ALINGSÅS 44138

SWEDEN

Boplatsgatan 3, MALMÖ 21376

SWEDEN

Varlabergsvägen 11, KUNGSBACKA 43439

SWEDEN

Valhallavägen 2, LUDVIKA 77131

SWEDEN

Industrivägen 9, GRÄNGESBERG 77232

SWEDEN

Fältmätargatan 16, VÄSTERÅS 72135

SWEDEN

Kanalvägen 17, TÄBY 18330

SWEDEN

Ventilgatan 5, KARLSTAD 65345

SWEDEN

Lunnagårdsgatan 4, MÖLNDAL 43190

SWEDEN

Grännavägen 24, HUSKVARNA 56134

SWEDEN

Norra Malmvägen 143, SOLLENTUNA 19162

SWEDEN

Boplatsgatan 8, MALMÖ 21376

SWEDEN

Universitetsallén 32, SUNDSVALL 85234

SWEDEN

Pendelgatan 2, UMEÅ 90422

SWEDEN

Banvägen 11, LULEÅ 97346

SWEDEN

Linnégatan 28, NORRKÖPING 60223

SWEDEN

Forskargränd 8, VÄSTERÅS 72226

SWEDEN

Stureholmsvägen 1A, UDDEVALLA 45155

SWEDEN

Arnöleden 2, NYKÖPING 61131

SWEDEN

Fabriksvägen 25, FIGEHOLM 57275

SWEDEN

Lugna Gatan, VÄSTERÅS 72136

SWEDEN

Verkö, LYCKEBY 37165

SWEDEN

Axeltoftavägen 170, LANDSKRONA 26135

SWEDEN

Metallverksgatan 21, VÄSTERÅS 72130

SWEDEN

Skylvägen 1, ÖJEBYN 94333

SWEDEN

Östra Ringvägen 147, OLOFSTRÖM 29340

SWEDEN

Södra Kungsvägen 315, LIDINGÖ 18163

SWEDEN

Norra Oskarsgatan 12, LINKÖPING 58273

SWEDEN

Nyby Bruk, TORSHÄLLA 64431

SWEDEN

Hammarbyvägen 4, STORVIK 81230

SWEDEN

Vuoskojärvivägen 13, GÄLLIVARE 98238

SWEDEN

Hannugatan 1 A, KIRUNA 98133

SWEDEN

Verkstadsvägen 1, SKELLEFTEÅ 93161

SWEDEN

Hovgatan 6, SUNDSVALL 85462

SWEDEN

Höglandsvägen 5, ÖRNSKÖLDSVIK 89150

SWEDEN

Västerselsvägen 12, MELLANSEL 89540

SWEDEN

Exportgatan 20B, HISINGS BACKA 42246

SWEDEN

Örjansgränd 10, VÄSTERÅS 72132

SWEDEN

 

 

Email Addresses

No information for this company.

Web Pages

No information for this company.

 

 

Employee Information

Year

Number of Employees

2011

8742

2010

8843

2009

9074

2008

9113

2007

8833

 

Advisors

Auditor Name

Börje Stefan Andersson Berglund

Auditor Name

Ernst & Young Aktiebolag

Additional Information

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

27120

Activity Description

Manufacture of electricity distribution and control apparatus

Industry Average Credit Rating

78 (1 - 100)

Industry Average Credit Limit

206.000 SEK

 

Event History

Event Date

Event Description

15/01/2013

Company representatives, changed

15/01/2013

Authorised signatory, changed

15/12/2012

Status, changed

15/12/2012

Authorised signatory, changed

06/11/2012

Certificate, deregistered

18/10/2012

Company representatives, changed

18/10/2012

Authorised signatory, changed

05/10/2012

Status, changed

17/07/2012

Annual account, new

17/07/2012

Group annual accout, new

22/06/2012

Annual report (PDF), new

20/06/2012

Board, changed

20/06/2012

Company representatives, changed

20/06/2012

Authorised signatory, changed

08/06/2012

Authorised signatory, changed

08/06/2012

Board, changed

08/06/2012

Company representatives, changed

31/05/2012

Merge information, changed

31/05/2012

Status, changed

25/04/2012

Board, changed

25/04/2012

Authorised signatory, changed

25/04/2012

Company representatives, changed

24/03/2012

Status, changed

24/03/2012

Merge information, changed

07/03/2012

Authorised signatory, changed

07/03/2012

Company representatives, changed

07/03/2012

Board, changed

14/02/2012

Merge information, changed

14/02/2012

Status, changed

30/12/2011

Authorised signatory, changed

30/12/2011

Company representatives, changed

30/12/2011

Board, changed

08/12/2011

Merge information, changed

08/12/2011

Status, changed

04/10/2011

Certificate, registered

23/08/2011

Status, changed

23/08/2011

Merge information, changed

28/07/2011

Annual account, new

28/07/2011

Group annual accout, new

11/07/2011

Annual report (PDF), new

15/06/2011

Merge information, changed

15/06/2011

Status, changed

04/05/2011

Authorised signatory, changed

04/05/2011

Board, changed

04/05/2011

Limit, increase

04/05/2011

Company representatives, changed

05/04/2011

Board, changed

05/04/2011

Limit, decrease

05/04/2011

Company representatives, changed

05/04/2011

Authorised signatory, changed

29/03/2011

Phone number, new

11/01/2011

Company representatives, changed

11/01/2011

Authorised signatory, changed

11/01/2011

Board, changed

03/01/2011

Certificate, deregistered

23/12/2010

Status, changed

23/12/2010

Merge information, changed

26/11/2010

Board, changed

26/11/2010

Authorised signatory, changed

26/11/2010

Company representatives, changed

15/10/2010

Merge information, changed

15/10/2010

Status, changed

13/09/2010

Annual account, new

02/09/2010

Board, changed

02/09/2010

Authorised signatory, changed

02/09/2010

Company representatives, changed

01/09/2010

Annual report (PDF), new

04/08/2010

Authorised signatory, changed

04/08/2010

Company representatives, changed

04/08/2010

Board, changed

02/06/2010

Board, changed

02/06/2010

Limit, increase

02/06/2010

Authorised signatory, changed

02/06/2010

Company representatives, changed

04/05/2010

Authorised signatory, changed

04/05/2010

Company representatives, changed

04/05/2010

Limit, decrease

04/05/2010

Board, changed

05/03/2010

Company representatives, changed

05/03/2010

Authorised signatory, changed

05/03/2010

Board, changed

28/09/2009

Board, changed

28/09/2009

Authorised signatory, changed

28/09/2009

Company representatives, changed

08/07/2009

Annual account, new

25/06/2009

Annual report (PDF), new

01/06/2009

Company representatives, changed

01/06/2009

Board, changed

01/06/2009

Authorised signatory, changed

12/03/2009

Board, changed

12/03/2009

Authorised signatory, changed

12/03/2009

Company representatives, changed

29/01/2009

Company representatives, changed

29/01/2009

Board, changed

29/01/2009

Authorised signatory, changed

20/01/2009

Company representatives, changed

20/01/2009

Board, changed

20/01/2009

Authorised signatory, changed

31/07/2008

Authorised signatory, changed

31/07/2008

Company representatives, changed

31/07/2008

Board, changed

10/07/2008

Annual account, new

30/06/2008

Annual report (PDF), new

27/05/2008

Authorised signatory, changed

27/05/2008

Board, changed

27/05/2008

Company representatives, changed

12/02/2008

Board, changed

12/02/2008

Authorised signatory, changed

12/02/2008

Company representatives, changed

Negative Information

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.59.35

UK Pound

1

Rs.92.11

Euro

1

Rs.78.59

 

INFORMATION DETAILS

 

Report Prepared by :

NLM

 

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%)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.