MIRA
INFORM REPORT
|
Report Date : |
11.05.2013 |
IDENTIFICATION DETAILS
|
Name : |
PERSTORP
SPECIALTY CHEMICALS AB |
|
|
|
|
Registered Office : |
SE-28480
Perstorp |
|
|
|
|
Country : |
Sweden |
|
|
|
|
Financials (as on) : |
2011 |
|
|
|
|
Date of Incorporation : |
31.08.1984 |
|
|
|
|
Com. Reg. No.: |
5562476290 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
Manufacture
of other organic basic chemicals |
|
|
|
|
No. of Employees : |
301 |
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 – 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 |
|
Business Name |
PERSTORP
SPECIALTY CHEMICALS AB |
|
Country |
SWEDEN |
|
Company
Registration Number |
5562476290 |
|
Main Activity |
Manufacture
of other organic basic chemicals |
|
Activity Code |
20140 |
|
Company Status |
Active |
|
Latest Turnover
Figure |
2.845.102.000
SEK |
|
Latest Shareholder
Equity Figure |
1.388.241.000
SEK |
|
Basic Information |
|
|
Business Name |
PERSTORP
SPECIALTY CHEMICALS AB |
|
Registered Company
Name |
PERSTORP
SPECIALTY CHEMICALS AB |
|
Company
Registration Number |
5562476290 |
|
Country |
SWEDEN |
|
VAT Registration
Number |
SE556247629001 |
|
Date of Company
Registration |
31/08/1984 |
|
Legal Form |
Limited
liability company |
|
Company Status |
Active |
|
Currency of this
Report |
SEK |
|
Principal Activity
Description |
The company has
to fbremal for their business - directly or indirectly through subsidiaries,
in Sweden and abroad, to develop, manufacture and trade of polyalcohols,
formalin, and formalin derivatives, others formalin based products, |
|
Contact Address |
,
28480 PERSTORP |
|
Contact Telephone
Number |
0435-38000 |
|
|
|
|
Activities |
|
|
Activity Code |
Activity
Description |
|
20140 |
Manufacture
of other organic basic chemicals |
|
46750 |
Wholesale
of chemical products |
|
20160 |
Manufacture
of plastics in primary forms |
|
20130 |
Manufacture
of other inorganic basic chemicals |
|
Profit
and Loss |
||||||
|
Financial
Year |
2011 |
2010 |
2009 |
|||
|
Number
of Weeks |
52 |
52 |
52 |
|||
|
Currency |
SEK |
SEK |
SEK |
|||
|
Conslotidated
Accounts |
N |
N |
N |
|||
|
Revenue |
2.887.240.000 |
2.851.549.000 |
2.288.160.000 |
|||
|
Operating
Costs |
2.603.201.000 |
2.418.968.000 |
1.961.759.000 |
|||
|
Operating
Profit |
284.039.000 |
432.581.000 |
326.401.000 |
|||
|
Wages
& Salaries |
|
|
|
|||
|
Depreciation
- - - |
||||||
|
Financial
Income |
6.726.000 |
6.771.000 |
9.087.000 |
|||
|
Financial
Expenses |
-20.990.000 |
-14.423.000 |
-18.049.000 |
|||
|
Extraordinary
Income |
|
|
|
|||
|
Extraordinary
Costs
- - - |
||||||
|
Profit
before Tax |
269.775.000 |
424.929.000 |
317.439.000 |
|||
|
Tax |
-92.328.000 |
-129.288.000 |
-98.468.000 |
|||
|
Profit
after Tax |
177.447.000 |
295.641.000 |
218.971.000 |
|||
|
Minority
Interests - - - |
||||||
|
Other
Appropriations |
81.280.000 |
70.320.000 |
58.400.000 |
|||
|
Retained
Profit |
258.727.000 |
365.961.000 |
277.371.000 |
|||
|
|
||||||
|
Balance
Sheet |
||||||
|
Financial
Year |
2011 |
2010 |
2009 |
|||
|
Number
of Weeks |
52 |
52 |
52 |
|||
|
Currency |
SEK |
SEK |
SEK |
|||
|
Consolidated
Accounts |
N |
N |
N |
|||
|
Land
& Buildings |
916.000 |
1.017.000 |
1.119.000 |
|||
|
Plant
& Machinery |
573.445.000 |
608.848.000 |
660.387.000 |
|||
|
Other
Tangible Assets |
99.212.000 |
88.352.000 |
34.312.000 |
|||
|
Total
Tangible Assets |
673.573.000 |
698.217.000 |
695.818.000 |
|||
|
Goodwill |
0 |
0 |
0 |
|||
|
Other
Intangible Assets |
17.136.000 |
5.627.000 |
8.148.000 |
|||
|
Total
Intangible Assets |
17.136.000 |
5.627.000 |
8.148.000 |
|||
|
Loans
To Group |
0 |
0 |
0 |
|||
|
Other
Loans |
0 |
0 |
0 |
|||
|
Miscellaneous
Fixed Assets |
962.283.000 |
961.475.000 |
958.627.000 |
|||
|
Total
Other Fixed Assets |
962.283.000 |
961.475.000 |
958.627.000 |
|||
|
TOTAL
FIXED ASSETS |
1.652.992.000 |
1.665.319.000 |
1.662.593.000 |
|||
|
Work
In Progress |
0 |
0 |
0 |
|||
|
Other
Inventories |
272.357.000 |
259.214.000 |
215.619.000 |
|||
|
Total
Inventories |
272.357.000 |
259.214.000 |
215.619.000 |
|||
|
Trade
Receivables |
364.871.000 |
389.951.000 |
383.673.000 |
|||
|
Group
Receivables |
286.015.000 |
509.850.000 |
659.275.000 |
|||
|
Miscellaneous
Receivables |
42.787.000 |
56.606.000 |
49.178.000 |
|||
|
Total
Receivables |
693.673.000 |
956.407.000 |
1.092.126.000 |
|||
|
Cash |
18.000 |
4.716.000 |
0 |
|||
|
Other
Current Assets |
0 |
0 |
0 |
|||
|
TOTAL
CURRENT ASSETS |
966.048.000 |
1.220.337.000 |
1.307.745.000 |
|||
|
TOTAL
ASSETS |
2.619.040.000 |
2.885.656.000 |
2.970.338.000 |
|||
|
Trade
Payables |
171.269.000 |
175.669.000 |
155.931.000 |
|||
|
Bank
Liabilities |
0 |
0 |
0 |
|||
|
Group
Payables |
405.507.000 |
562.029.000 |
490.132.000 |
|||
|
Miscellaneous
Liabilities |
164.086.000 |
194.178.000 |
153.796.000 |
|||
|
TOTAL
CURRENT LIABILITIES |
740.862.000 |
931.876.000 |
799.859.000 |
|||
|
Bank
Liabilities Due After 1 Year |
209.170.000 |
209.170.000 |
209.170.000 |
|||
|
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 |
280.767.000 |
362.231.000 |
433.304.000 |
|||
|
TOTAL LONG TERM
LIABILITIES |
489.937.000 |
571.401.000 |
793.889.000 |
|||
|
TOTAL LIABILITIES |
1.230.799.000 |
1.503.277.000 |
1.593.748.000 |
|||
|
Called Up Share
Capital |
83.000.000 |
83.000.000 |
83.000.000 |
|||
|
Share Premium |
0 |
0 |
0 |
|||
|
Revenue Reserves |
1.541.506.000 |
1.282.779.000 |
1.552.016.000 |
|||
|
Other Reserves |
-236.265.000 |
16.600.000 |
-258.426.000 |
|||
|
TOTAL SHAREHOLDERS
EQUITY |
1.388.241.000 |
1.382.379.000 |
1.376.590.000 |
|||
|
|
||||||
|
Other Financials |
||||||
|
Contingent
Liabilities |
10.232.233.000 |
10.641.000 |
11.579.479.000 |
|||
|
Working Capital |
225.186.000 |
288.461.000 |
507.886.000 |
|||
|
Net Worth |
1.371.105.000 |
1.376.752.000 |
1.368.442.000 |
|||
|
|
||||||
|
Ratios |
||||||
|
Pre-Tax Profit
Margin |
9.34 % |
14.90 % |
13.87 % |
|||
|
Return On Capital
Employed |
8.03 % |
11.13 % |
8.42 % |
|||
|
Return On Total
Assets Employed |
10.30 % |
14.73 % |
10.69 % |
|||
|
Return On Net
Assets Employed |
19.43 % |
30.74 % |
23.06 % |
|||
|
Sales/Net Working
Capital |
12.82 |
9.89 |
4.51 |
|||
|
Stock Turnover
Ratio |
9.43 % |
9.09 % |
9.42 % |
|||
|
Debtor Days |
46.13 |
49.91 |
61.20 |
|||
|
Creditor Days |
21.65 |
22.49 |
24.87 |
|||
|
Current Ratio |
1.30 |
1.31 |
1.63 |
|||
|
Liquidity
Ratio/Acid Test |
0.94 |
1.03 |
1.37 |
|||
|
Current Debt Ratio |
0.53 |
0.67 |
0.58 |
|||
|
Gearing |
15.07 % |
15.13 % |
26.19 % |
|||
|
Equity In
Percentage |
84.67 % |
72.05 % |
68.71 % |
|||
|
Total Debt Ratio |
0.89 |
1.09 |
1.16 |
|||
|
Main
Address |
||
|
Address |
Country |
Telephone |
|
, 28480
PERSTORP |
SWEDEN |
0435-38000 |
Other
Address
Address
Country
No other
addresses for this company.
Email
Addresses
No
information for this company.
Web Pages
Issued Share
Capital 83.000.000 SEK
|
Current Directors |
|||
|
Name |
Appointment Date |
Position |
|
|
Mats
Olle Persson |
27/11/2007 |
Actual
Member of Board |
|
|
Per
Eric Anders Hansson |
07/06/2012 |
Actual
Member of Board |
|
|
Carl
Hakan Mats Olofsson |
02/03/2009 |
Actual
Member of Board |
|
|
Per
Mikael Ekblad |
02/03/2009 |
Actual
Member of Board |
|
|
Thord
Martin Hemborg |
11/03/2010 |
Actual
Member of Board |
|
|
|
|||
|
Previous Directors |
|||
|
Name |
Appointment Date |
Position |
Resignation Date |
|
Ulf
Hakan Kihlberg |
07/10/2008 |
Actual
Member of Board |
07/06/2012 |
|
Karl
Ake Gunnar Modalen |
07/10/2008 |
Actual
Member of Board |
10/02/2010 |
|
Nils
Klas Ingvar Gard |
07/09/2001 |
Actual
Member of Board |
02/03/2009 |
|
Jonas
Bo Dankis |
12/10/2006 |
Actual
Member of Board |
07/10/2008 |
|
Bo
Gustav Lennart Hagelqvist |
27/11/2007 |
Actual
Member of Board |
07/10/2008 |
|
Bengt
Anders Lennart Sallmen |
01/11/2003 |
Actual
Member of Board |
07/10/2008 |
|
Ultimate Holding
Parent |
|
|
Ultimate Holding
Company Name |
Perstorp
Holding AB |
|
Ultimate Holding
Company Country |
SWEDEN |
|
|
|
|
Immediate Holding
Parent |
|
|
Immediate Holding
Company Name |
Perstorp
Aktiebolag |
|
Immediate Holding
Company Country |
SWEDEN |
|
Subsidary Companies |
||
|
Subsidiary Name |
Country |
Number |
|
Formox
AB |
SWEDEN |
5567604235 |
|
Perstorp
(Shanghai) Chemical Co Ltd |
CHINA |
|
|
Perstorp
Oxo AB |
SWEDEN |
5560410895 |
|
|
||
|
Affiliates |
||
|
Affiliate Name |
Country |
Number |
|
Pernovo
- Perstorp New Business Development Aktiebolag |
SWEDEN |
5560160946 |
|
Aktiebolaget
Klosters Fabriker, Jbnkbping |
SWEDEN |
5560053489 |
|
Perstorp
BioProducts AB |
SWEDEN |
5567285779 |
|
Perstorp
Fastighets AB |
SWEDEN |
5565713798 |
|
Perstorp
Iberica |
SPAIN |
B65592503 |
|
Perstorp
Oy |
FINLAND |
18825131 |
|
Perstorp
Beijing Trading Co Ltd |
CHINA |
|
|
Perstorp
Oxo Belgium AB |
SWEDEN |
5565794244 |
|
Perstorp
Holding B.V. |
NETHERLANDS |
340892500000 |
|
Franklin
Feed Additives |
SPAIN |
A62958368 |
|
Perstorp
Specialty Chemicals Holding B.V. |
NETHERLANDS |
230923360000 |
|
Perstorp
Waspik B.V. |
NETHERLANDS |
181167590000 |
|
Vencorex
Holding |
FRANCE |
504867300 |
|
Chloralp |
FRANCE |
411129612 |
|
Vencorex
France |
FRANCE |
444187884 |
|
Vencorex
Tdi |
FRANCE |
504868183 |
|
Perstorp
Holding GmbH |
GERMANY |
HRB
7465 |
|
PCL
Grundstucksverwaltung GmbH |
GERMANY |
HRB
41997 |
|
Perstorp
Chemicals GmbH |
GERMANY |
HRB
1900 |
|
Perstorp
Service GmbH |
GERMANY |
HRB
6542 |
|
Employee
Information |
|
|
|
Number of Employees |
|
2011 |
301 |
|
2010 |
285 |
|
2009 |
293 |
|
2008 |
520 |
|
2007 |
642 |
Auditor Name PricewaterhouseCoopers AB
|
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 |
|
20140 |
|
Activity
Description |
Manufacture
of other organic basic chemicals |
|
|
|
||
|
Event History |
||
|
Event Date |
Event Description |
|
|
02/04/2013 |
Certificate,
registered |
|
|
02/10/2012 |
|
Certificate,
registered |
|
18/09/2012 |
Authorised
signatory, changed |
|
|
18/09/2012 |
|
Company
representatives, changed |
|
12/09/2012 |
Company
representatives, changed |
|
|
12/09/2012 |
|
Authorised
signatory, changed |
|
21/08/2012 |
Group
annual accout, new |
|
|
21/08/2012 |
|
Annual
account, new |
|
31/07/2012 |
Annual
report (PDF), new |
|
|
08/06/2012 |
|
Company
representatives, changed |
|
08/06/2012 |
Authorised
signatory, changed |
|
|
08/06/2012 |
|
Board,
changed |
|
20/01/2012 |
Board,
changed |
|
|
26/08/2011 |
|
Annual
account, new |
|
26/08/2011 |
Group
annual accout, new |
|
|
28/07/2011 |
|
Annual
report (PDF), new |
|
29/03/2011 |
Fax
number, changed |
|
|
16/07/2010 |
|
Annual
account, new |
|
12/07/2010 |
Annual
report (PDF), new |
|
|
12/03/2010 |
|
Limit,
increase |
|
12/03/2010 |
Company
representatives, changed |
|
|
12/03/2010 |
|
Board,
changed |
|
12/03/2010 |
Authorised
signatory, changed |
|
|
11/02/2010 |
|
Company
representatives, changed |
|
11/02/2010 |
Limit,
decrease |
|
|
11/02/2010 |
|
Authorised
signatory, changed |
|
11/02/2010 |
Board,
changed |
|
|
19/08/2009 |
|
Annual
account, new |
|
12/08/2009 |
Board,
changed |
|
|
12/08/2009 |
|
Company
business activity, changed |
|
12/08/2009 |
Company
representatives, changed |
|
|
07/08/2009 |
|
Annual
report (PDF), new |
|
03/03/2009 |
Board,
changed |
|
|
03/03/2009 |
|
Company
representatives, changed |
|
03/03/2009 |
Authorised
signatory, changed |
|
|
08/10/2008 |
|
Board,
changed |
|
08/10/2008 |
Company
representatives, changed |
|
|
08/10/2008 |
|
Authorised
signatory, changed |
|
22/09/2008 |
Annual
account, new |
|
|
05/09/2008 |
|
Annual
report (PDF), new |
Date Event
Description
No
company status history for this company
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
Number of reclaimed/revoked
applications
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.54 |
|
|
1 |
Rs.84.19 |
|
Euro |
1 |
Rs.71.11 |
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.