MIRA INFORM REPORT
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Report Date : |
25.03.2013 |
IDENTIFICATION DETAILS
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Name : |
AKERS AB |
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Registered Office : |
Bruksallen 4, Aers Styckebruk, 64783 |
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Country : |
Sweden |
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Financials (as on) : |
31.12.2011 |
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Year of Establishments: |
1971 |
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Com. Reg. No.: |
5561534792 |
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Legal Form : |
Private Subsidiary Company |
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Line of Business : |
Subject is engaged in legal entities known as holding
companies (except bank holding) primarily engaged in holding the securities
of (or other equity interests in) companies and enterprises for the purpose
of owning a controlling interest or influencing the management decisions of
these firms |
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No. of Employees : |
32 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Usually Correct |
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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 & address
AkERS AB
Bruksallen 4
Aers Styckebruk, 64783
Sweden
Tel: +46 159 321 00
Fax: +46 159 321 01
Web: www.akersrolls.com
synthesis
Employees: 32
Company Type: Private Subsidiary
Corporate Family: 8
Companies
Ultimate Parent: Akers
Holding AB
Incorporation Date: 1971
Financials in: USD
(Millions)
Fiscal Year End:
31-Dec-2011
Reporting Currency: Swedish
Krona
Annual Sales: 159.6
Net Income: (49.4)
Total Assets: 286.4
Business Description
AKERS AB is primarily engaged in legal entities known as holding companies (except bank holding) primarily engaged in holding the securities of (or other equity interests in) companies and enterprises for the purpose of owning a controlling interest or influencing the management decisions of these firms. The holding companies in this industry do not administer, oversee, and manage other establishments of the company or enterprise whose securities they hold.
Industry
Industry Miscellaneous Financial Services
ANZSIC 2006: 6240 - Financial
Asset Investing
NACE 2002: 7415 - Management
activities of holding companies
NAICS 2002: 551112 - Offices of
Other Holding Companies
UK SIC 2003: 7415 - Management
activities of holding companies
UK SIC 2007: 642 - Activities
of holding companies
US SIC 1987: 6719 - Offices of
Holding Companies, Not Elsewhere Classified
Key Executives
|
Name |
Title |
|
Claes Lennart Ahrengart |
verkst dir, ledamot och ordförande |
|
Axel Alström |
Finance Manager |
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Fred Wennang |
Sales Director |
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Gunilla Khays |
Administration Executive |
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Kjell Andersson |
Purchasing Executive, Production Director |
News
|
Title |
Date |
|
Clownfest moves from NJ to Pennsylvania |
21-Mar-2013 |
|
No 49ers move
for free agent Tynes, as Giants sign replacement |
21-Mar-2013 |
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Carter
magistrate calls out paper |
20-Mar-2013 |
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Happy
Beavers celebrate |
20-Mar-2013 |
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BRIEF:
Akers, Meadows receive MSAC honors |
20-Mar-2013 |
|
New Nuclear
Engineering Data Have Been Reported by Investigators at Seoul National
University |
20-Mar-2013 |
Registered No.(SWE): 5561534792
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
Bruksallén 4
Ă…kers Styckebruk, 64783
Sweden
Tel: +46 159 321 00
Fax: +46 159 321 01
Web: www.akersrolls.com
Sales SEK(mil): 1,036.3
Assets SEK(mil): 1,963.3
Employees: 32
Fiscal Year End: 31-Dec-2011
Industry: Miscellaneous
Financial Services
Incorporation Date: 1971
Company Type: Private
Subsidiary
Quoted Status: Not
Quoted
Registered No.(SWE): 5561534792
verkst dir, ledamot
och ordförande
Claes Lennart Ahrengart
Industry Codes
ANZSIC 2006 Codes:
6240 - Financial Asset Investing
NACE 2002 Codes:
7415 - Management activities of holding companies
6523 - Other financial intermediation not elsewhere classified
NAICS 2002 Codes:
551112 - Offices of Other Holding Companies
551111 - Offices of Bank Holding Companies
US SIC 1987:
6719 - Offices of Holding Companies, Not Elsewhere Classified
6712 - Offices of Bank Holding Companies
UK SIC 2003:
7415 - Management activities of holding companies
6523 - Other financial intermediation not elsewhere classified
UK SIC 2007:
642 - Activities of holding companies
6499 - Other financial service activities, except insurance and
pension funding, n.e.c.
Business
Description
Ă…KERS AB is primarily engaged in legal entities known as holding
companies (except bank holding) primarily engaged in holding the securities of
(or other equity interests in) companies and enterprises for the purpose of
owning a controlling interest or influencing the management decisions of these
firms. The holding companies in this industry do not administer, oversee, and
manage other establishments of the company or enterprise whose securities they
hold.
More Business
Descriptions
Iron and Steel Mills and Ferroalloy Manufacturing
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Corporate Family |
Corporate
Structure News: |
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Ă…KERS
AB |
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Ă…KERS AB |
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Company
Name |
Company
Type |
Location |
Country |
Industry |
Sales |
Employees |
|
Ă…kers Holding AB |
Parent |
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Subsidiary |
Ă…kers Styckebruk |
Sweden |
Miscellaneous Financial Services |
159.6 |
32 |
|
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Subsidiary |
Taiyuan, Shanxi |
China |
Miscellaneous Capital Goods |
10.5 |
400 |
|
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Subsidiary |
Thionville |
France |
Miscellaneous Capital Goods |
103.9 |
341 |
|
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Subsidiary |
Seraing |
Belgium |
Construction - Supplies and Fixtures |
2.0 |
53 |
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Subsidiary |
Duisburg, Nordrhein-Westfalen |
Germany |
Iron and Steel |
|
144 |
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Subsidiary |
Ă…kers Styckebruk |
Sweden |
Miscellaneous Capital Goods |
9.9 |
29 |
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Subsidiary |
Sheffield |
United Kingdom |
Iron and Steel |
0.1 |
1 |
Executive report
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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 |
Yes |
Yes |
Yes |
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Total Revenue |
302.7 |
346.9 |
341.3 |
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Gross Profit |
-12.2 |
23.9 |
-13.6 |
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Net Financial Items |
-9.5 |
-6.7 |
-7.0 |
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Operating Income |
-23.9 |
7.7 |
-31.3 |
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Income Before Tax |
-30.9 |
2.8 |
-36.8 |
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Net Income |
-49.4 |
-2.8 |
-39.4 |
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 |
Yes |
Yes |
Yes |
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Total Assets |
286.4 |
302.3 |
322.1 |
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Total Liabilities |
262.6 |
231.5 |
246.8 |
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Total Equity |
23.8 |
70.8 |
75.4 |
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 |
- |
- |
- |
|
Exchange Rate |
- |
- |
- |
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Consolidated |
Yes |
Yes |
Yes |
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Operating Margin |
-7.44 |
3.27 |
-8.07 |
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Current Ratio |
148.85 |
203.56 |
245.62 |
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Total debt/total equity |
8.31 |
23.41 |
23.40 |
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Return on average equity |
-133.17 |
1.49 |
-54.35 |
Annual Growth
Rates
|
|
31-Dec-2010 |
31-Dec-2009 |
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Period Length |
12 Months |
12 Months |
|
Filed Currency |
- |
- |
|
Exchange Rate |
- |
- |
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Consolidated |
Yes |
Yes |
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Turnover Percent Change |
-21.37% |
-4.19% |
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Marginal Contribution Percent Change |
-145.92% |
265.73% |
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Net Financial Items Percent Change |
-27.88% |
9.16% |
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Operating Results Percent Change |
-379.67% |
123.20% |
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Profit/Loss Before Tax Percent Change |
-1,092.47% |
107.18% |
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Profit/Loss for the Year Percent Change |
-1,476.92% |
93.25% |
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Assets Percent Change |
-3.40% |
-11.64% |
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Debts Percent Change |
15.65% |
-11.66% |
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Equity Capital Percent Change |
-65.73% |
-11.58% |
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Operating Margin Percent Change |
-327.52% |
140.52% |
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Current Ratio Percent Change |
-26.88% |
-17.12% |
|
Debt/Equity Ratio Percent Change |
-64.50% |
0.04% |
|
Retun On Equity Percent Change |
-9,037.58% |
102.74% |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.34 |
|
UK Pound |
1 |
Rs.82.56 |
|
Euro |
1 |
Rs.70.10 |
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 |
|
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 |
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---- |
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.