MIRA
INFORM REPORT
|
Report Date : |
24.05.2013 |
IDENTIFICATION DETAILS
|
Name : |
CELLMARK AB |
|
|
|
|
Registered Office : |
Lilla Bommen 3C, PO Box 11927, Goteborg, 404 39 |
|
|
|
|
Country : |
Sweden |
|
|
|
|
Financials (as on) : |
31.12.2011 |
|
|
|
|
Year of Establishments: |
1984 |
|
|
|
|
Com. Reg. No.: |
5562442433 |
|
|
|
|
Legal Form : |
Private Subsidiary |
|
|
|
|
Line of Business : |
Subject is a global supply chain service company. |
|
|
|
|
No. of Employees : |
524 |
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 |
|
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 |
A2 |
A2 |
|
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 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.
|
Source : CIA |
Company name & address
CellMark AB
Lilla Bommen 3C
PO Box 11927
Goteborg, 404 39
Sweden
Tel: 46-031100300
Fax: 4631136421
Web: www.cellmark.com
synthesis
Employees: 524
Company Type: Private Subsidiary
Corporate Family: 11
Companies
Ultimate Parent: CellMark Holding AB
Incorporation Date: 1984
Financials in: USD
(Millions)
Fiscal Year End:
31-Dec-2010
Reporting Currency: Swedish
Krona
Annual Sales: 2,858.4
Total Assets: NA
Business Description
CellMark AB (CellMark) is a global supply chain service company. It
operates through six divisions, namely, Paper, Packaging, Pulp, Recycling,
Chemicals and Metals. CellMark offers services such as financial services,
sales and marketing, logistics, converting paper, printing and graphics, custom
manufacturing, regulatory support and waste management consulting. The company
markets its products to the producers and end-users of wood pulp and recovered
paper raw materials, printing papers, packaging papers and boards. CellMark
operates through a global network of 65 offices in about 30 countries spanning
Europe, North America, Latin America, Middle East, Asia and Oceania. CellMark
AB is headquartered in Gothenburg, Sweden.
Industry
Industry Containers and Packaging
ANZSIC 2006: 3736 - Paper
Product Wholesaling
NACE 2002: 5156 - Wholesale
of other intermediate products
NAICS 2002: 424130 -
Industrial and Personal Service Paper Merchant Wholesalers
UK SIC 2003: 5156 - Wholesale
of other intermediate products
UK SIC 2007: 4676 - Wholesale
of other intermediate products
US SIC 1987: 5113 - Industrial
and Personal Service Paper
Key Executives
|
Name |
Title |
|
Hans Kling |
President, CEO & VP |
|
Ulf Eggefors |
CFO |
|
Tommy Gustafsson |
förpackning |
|
Björn Karmebäck |
IT Manager |
|
Peter Norrman |
Purchasing Executive |
NEWS
|
Registered No.(SWE): 5562442433
1 - Profit & Loss Item Exchange Rate: USD 1 = SEK 7.206564
2 - Balance Sheet Item Exchange Rate: USD 1 = SEK 6.72285
Corporate Overview
Location
Lilla Bommen 3C
PO Box 11927
Goteborg, 404 39
Sweden
Tel: 46-031100300
Fax: 4631136421
Web: www.cellmark.com
Sales SEK(mil): 20,599.0
Assets SEK(mil): NA
Employees: 524
Fiscal Year End: 31-Dec-2010
Industry: Containers and Packaging
Incorporation Date: 1984
Company Type: Private Subsidiary
Quoted Status: Not Quoted
Registered No.(SWE): 5562442433
President, CEO & VP : Hans
Kling
Contents
Industry Codes
Business Description
Brand/Trade Names
Financial Data
Industry Codes
ANZSIC 2006 Codes:
3736 - Paper Product Wholesaling
3323 - Industrial and Agricultural Chemical Product Wholesaling
NACE 2002 Codes:
5156 - Wholesale of other intermediate products
5155 - Wholesale of chemical products
NAICS 2002 Codes:
424130 - Industrial and Personal Service Paper Merchant Wholesalers
424690 - Other Chemical and Allied Products Merchant Wholesalers
US SIC 1987:
5113 - Industrial and Personal Service Paper
5169 - Chemicals and Allied Products, Not Elsewhere Classified
UK SIC 2003:
5156 - Wholesale of other intermediate products
5155 - Wholesale of chemical products
UK SIC 2007:
4676 - Wholesale of other intermediate products
4675 - Wholesale of chemical products
Business
Description
Trade in forest products and chemicals
More Business
Descriptions
Pulp & Paper Marketer
CellMark AB is
primarily engaged in converting paper or paperboard into products (except
containers, bags, coated and treated paper, stationery products, and sanitary
paper products) or converting pulp into pulp products, such as egg cartons,
food trays, and other food containers from molded pulp.
CellMark AB
(CellMark) is a global supply chain service company. It operates through six
divisions, namely, Paper, Packaging, Pulp, Recycling, Chemicals and Metals.
CellMark offers services such as financial services, sales and marketing,
logistics, converting paper, printing and graphics, custom manufacturing,
regulatory support and waste management consulting. The company markets its
products to the producers and end-users of wood pulp and recovered paper raw
materials, printing papers, packaging papers and boards. CellMark operates
through a global network of 65 offices in about 30 countries spanning Europe,
North America, Latin America, Middle East, Asia and Oceania. CellMark AB is
headquartered in Gothenburg, Sweden.
Trading Companies
Brand/Trade Names
CellMark
|
|||||||||||||||||||||
|
|
|
Corporate Family |
Corporate
Structure News: |
|
|
CellMark
Holding AB |
|
CellMark AB |
|
|
Company Name |
Company
Type |
Location |
Country |
Industry |
Sales |
Employees |
|
Parent |
Göteborg |
Sweden |
Miscellaneous Financial Services |
|
700 |
|
|
Subsidiary |
Göteborg |
Sweden |
Containers and Packaging |
2,858.4 |
524 |
|
|
Subsidiary |
Corte Madera, CA |
United States |
Office Supplies |
27.3 |
60 |
|
|
Subsidiary |
Singapore |
Singapore |
Paper and Paper Products |
91.5 |
30 |
|
|
Subsidiary |
Singapore |
Singapore |
Personal and Household Products |
134.8 |
25 |
|
|
Subsidiary |
Jakarta, Jakarta |
Indonesia |
Miscellaneous Capital Goods |
|
20 |
|
|
Subsidiary |
Shanghai, PRC |
China |
Printing and Publishing |
|
14 |
|
|
Subsidiary |
Hyltebruk, Halland |
Sweden |
Paper and Paper Products |
6.3 |
9 |
|
|
Subsidiary |
Champigny Sur Marne |
France |
Miscellaneous Capital Goods |
14.4 |
7 |
|
|
Subsidiary |
Geldrop, Noord-Brabant |
Netherlands |
Miscellaneous Capital Goods |
|
7 |
|
|
Subsidiary |
Dorking |
United Kingdom |
Business Services |
|
|
Competitors Report
|
Company
Name |
Location |
Employees |
Ownership |
|
Central National Gottesman Inc |
Purchase, New York, United
States |
1,000 |
Private |
Executive report
|
Board of
Directors |
|
|
|
|
||||
|
Board Member |
Chairman |
|
||||
|
|||||||
|
Board Member |
Vice-Chairman |
|
|
|||
|
Finance Manager, ledamot |
Director/Board Member |
|
|
|||
|
|||||||
|
Non-Executive Director |
Director/Board Member |
|
|
|||
|
Non-Executive Director |
Director/Board Member |
|
|
|||
|
Board Member |
Director/Board Member |
|
|
|||
|
Senior VP-CellMark Recycling |
Director/Board Member |
|
|
|||
|
|||||||
|
Executives |
|
|
|
|
|||
|
President, CEO & VP |
Chief Executive Officer |
|
|||
|
Finance Manager, ledamot |
Finance Executive |
|
|||
|
||||||
|
CFO |
Finance Executive |
|
|
||
|
förpackning |
Sales Executive |
|
|
||
|
papper |
Sales Executive |
|
|
||
|
pappersmassa |
Sales Executive |
|
|
||
|
IT Manager |
Information Executive |
|
|
||
|
Purchasing Executive |
Purchasing Executive |
|
|
||
|
Senior Vice President CellMark Pulp |
Other |
|
|
||
|
Senior Vice President CellMark Packaging |
Other |
|
|
||
|
Senior Vice President CellMark Chemicals |
Other |
|
|
||
|
Senior Vice President CellMark Paper |
Other |
|
|
||
Annual Profit & Loss
|
|
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
|
Period Length |
12 Months |
12 Months |
12 Months |
|
Filed Currency |
SEK |
SEK |
SEK |
|
Exchange Rate
(Period Average) |
6.493691 |
7.206564 |
7.645194 |
|
Consolidated |
Yes |
Yes |
Yes |
|
|
|
|
|
|
Total Revenue |
2,810.7 |
2,587.8 |
2,150.2 |
|
Gross Profit |
27.3 |
31.1 |
32.5 |
|
Net Financial Items |
-2.5 |
-0.8 |
-2.7 |
|
Operating Income |
23.0 |
27.5 |
28.7 |
|
Income Before Tax |
20.5 |
26.9 |
26.4 |
|
Net Income |
17.4 |
21.8 |
18.7 |
Annual Balance Sheet
Financials in: USD (mil)
|
|
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
|
Filed Currency |
SEK |
SEK |
SEK |
|
Exchange Rate |
6.8553 |
6.72285 |
7.1401 |
|
Consolidated |
Yes |
Yes |
Yes |
|
|
|
|
|
|
Total Assets |
956.1 |
732.7 |
625.9 |
|
Total Liabilities |
801.7 |
596.0 |
511.7 |
|
Total Equity |
154.4 |
136.7 |
114.2 |
Annual Ratios
|
|
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
|
Period Length |
12 Months |
12 Months |
12 Months |
|
Filed Currency |
- |
- |
- |
|
Exchange Rate |
- |
- |
- |
|
Consolidated |
Yes |
Yes |
Yes |
|
|
|
|
|
|
Operating Margin |
0.96 |
1.26 |
1.53 |
|
Current Ratio |
118.42 |
118.07 |
118.13 |
|
Total debt/total equity |
16.14 |
18.66 |
18.25 |
|
Return on average equity |
12.61 |
21.00 |
24.36 |
Annual Growth Rates
|
|
31-Dec-2010 |
31-Dec-2009 |
|
Period Length |
12 Months |
12 Months |
|
Filed Currency |
- |
- |
|
Exchange Rate |
- |
- |
|
Consolidated |
Yes |
Yes |
|
|
|
|
|
Turnover Percent Change |
-2.13% |
13.45% |
|
Marginal Contribution Percent Change |
-21.00% |
-9.76% |
|
Net Financial Items Percent Change |
-196.99% |
73.75% |
|
Operating Results Percent Change |
-24.61% |
-9.56% |
|
Profit/Loss Before Tax Percent Change |
-31.22% |
-4.02% |
|
Profit/Loss for the Year Percent Change |
-28.26% |
9.71% |
|
Assets Percent Change |
33.05% |
10.23% |
|
Debts Percent Change |
37.17% |
9.68% |
|
Equity Capital Percent Change |
15.12% |
12.73% |
|
Operating Margin Percent Change |
-23.81% |
-17.65% |
|
Current Ratio Percent Change |
0.30% |
-0.05% |
|
Debt/Equity Ratio Percent Change |
-13.50% |
2.25% |
|
Return On Equity Percent Change |
-39.95% |
-13.79% |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.99 |
|
UK Pound |
1 |
Rs.84.19 |
|
Euro |
1 |
Rs.71.86 |
INFORMATION DETAILS
|
Report Prepared
by : |
NIT |
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.