MIRA INFORM REPORT
|
Report Date : |
18.11.2013 |
IDENTIFICATION DETAILS
|
Name : |
PERSTORP SPECIALTY CHEMICALS AB |
|
|
|
|
Registered Office : |
28480 Perstorp |
|
|
|
|
Country : |
Sweden |
|
|
|
|
Financials (as on) : |
2012 |
|
|
|
|
Date of Incorporation : |
31.05.1984 |
|
|
|
|
Com. Reg. No.: |
5562476290 |
|
|
|
|
Legal Form : |
Limited liability company |
|
|
|
|
Line of Business : |
The objects of the
Subject are - directly or indirectly through subsidiaries - in Sweden and
abroad, to develop, manufacture and trade of polyalcohols, formalin, and
formalin derivatives, others formalin based products |
|
|
|
|
No. of Employees : |
311 |
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 |
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 |
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 |
2.830.496.000 |
|
Latest Shareholder Equity Figure |
1.378.507.000 |
|
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 objects of the Company are - 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 |
DIRECTORS/MANAGEMENT
|
Current Directors |
|||
|
Name |
Appointment Date |
Position |
|
|
Secher, Jan Joel Aron |
28/10/2013 |
Actual Member of Board |
|
|
Per Eric Anders Hansson |
07/06/2012 |
Actual Member of Board |
|
|
Carl Håkan Mats
Olofsson |
17/09/2012 |
Foreign Resident outside the EEA |
|
|
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 |
|
Mats Olle Persson |
11/09/2012 |
Foreign Resident outside the EEA |
|
|
Ulf Håkan Kihlberg |
07/10/2008 |
Actual Member of Board |
|
|
Karl Åke Gunnar
Modalen |
07/10/2008 |
Actual Member of Board |
|
|
Nils Klas Ingvar Gard |
07/09/2001 |
Actual Member of Board |
|
NEGATIVE
INFORMATION
No negative information found
SHARE
& SHARE CAPITAL INFORMATION
|
Issued Share Capital |
83.000.000 |
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 |
- |
|
Number of reclaimed/revoked applications |
- |
GROUP
STRUCTURE & AFFILIATED COMPANIES
|
Extended Group Structure |
||||
|
Company Name |
Country |
Number |
Latest Annual Accounts |
|
|
SE |
5566674205 |
31/12/2012 |
|
|
|
SE |
5567624563 |
31/12/2012 |
|
|
|
NL |
340892500000 |
31/12/2012 |
|
|
|
|
DE |
HRB 7465 |
31/12/2011 |
|
|
SE |
5560246513 |
31/12/2012 |
|
|
|
|
FR |
|
||
|
|
SG |
|
||
|
GB |
02715398 |
31/12/2012 |
|
|
|
|
JP |
|
||
|
SE |
5567285779 |
31/12/2012 |
|
|
|
SE |
5565713798 |
31/12/2012 |
|
|
|
|
US |
|
||
|
ES |
B65592503 |
|
||
|
|
CN |
|
||
|
|
IT |
|
||
|
|
CL |
|
||
|
|
BR |
|
||
|
SE |
5562476290 |
31/12/2012 |
|
|
|
|
SG |
|
||
|
|
SG |
|
||
|
|
SG |
|
||
|
FR |
504867300 |
31/12/2012 |
|
|
|
|
US |
|
||
|
FR |
444187884 |
31/12/2012 |
|
|
|
FR |
504868183 |
31/12/2012 |
|
|
|
FR |
411129612 |
31/12/2012 |
|
|
|
SE |
5560160946 |
31/12/2010 |
|
|
FINANCIAL INFORMATION
|
Profit and Loss |
|||
|
Financial Year |
2012 |
2011 |
2010 |
|
Number of Weeks |
52 |
52 |
52 |
|
Currency |
SEK |
SEK |
SEK |
|
Conslotidated Accounts |
N |
N |
N |
|
Revenue |
2.871.591.000 |
2.887.240.000 |
2.851.549.000 |
|
Operating Costs |
2.725.342.000 |
2.603.201.000 |
2.418.968.000 |
|
Operating Profit |
146.249.000 |
284.039.000 |
432.581.000 |
|
Wages & Salaries |
- |
- |
- |
|
Depreciation |
- |
- |
- |
|
Financial Income |
922.000 |
6.726.000 |
6.771.000 |
|
Financial Expenses |
-28.684.000 |
-20.990.000 |
-14.423.000 |
|
Extraordinary Income |
- |
- |
- |
|
Extraordinary Costs |
-28.684.000 |
-20.990.000 |
-14.423.000 |
|
Profit before Tax |
118.487.000 |
269.775.000 |
424.929.000 |
|
Tax |
-53.902.000 |
-92.328.000 |
-129.288.000 |
|
Profit after Tax |
118.487.000 |
269.775.000 |
424.929.000 |
|
Minority Interests |
- |
- |
- |
|
Other Appropriations |
89.000.000 |
81.280.000 |
70.320.000 |
|
Retained Profit |
153.586.000 |
258.727.000 |
365.961.000 |
|
Balance Sheet |
|||
|
Financial Year |
2012 |
2011 |
2010 |
|
Number of Weeks |
52 |
52 |
52 |
|
Currency |
SEK |
SEK |
SEK |
|
Consolidated Accounts |
N |
N |
N |
|
Land & Buildings |
814.000 |
916.000 |
1.017.000 |
|
Plant & Machinery |
537.063.000 |
573.445.000 |
608.848.000 |
|
Other Tangible Assets |
151.877.000 |
99.212.000 |
88.352.000 |
|
Total Tangible Assets |
689.754.000 |
673.573.000 |
698.217.000 |
|
Goodwill |
0 |
0 |
0 |
|
Other Intangible Assets |
19.199.000 |
17.136.000 |
5.627.000 |
|
Total Intangible Assets |
19.199.000 |
17.136.000 |
5.627.000 |
|
Loans To Group |
0 |
0 |
0 |
|
Other Loans |
0 |
0 |
0 |
|
Miscellaneous Fixed Assets |
970.869.000 |
962.283.000 |
961.475.000 |
|
Total Other Fixed Assets |
970.869.000 |
962.283.000 |
961.475.000 |
|
TOTAL FIXED ASSETS |
1.679.822.000 |
1.652.992.000 |
1.665.319.000 |
|
Work In Progress |
0 |
0 |
0 |
|
Other Inventories |
322.252.000 |
272.357.000 |
259.214.000 |
|
Total Inventories |
322.252.000 |
272.357.000 |
259.214.000 |
|
Trade Receivables |
316.657.000 |
364.871.000 |
389.951.000 |
|
Group Receivables |
280.690.000 |
286.015.000 |
509.850.000 |
|
Miscellaneous Receivables |
53.139.000 |
42.787.000 |
56.606.000 |
|
Total Receivables |
650.486.000 |
693.673.000 |
956.407.000 |
|
Cash |
3.194.000 |
18.000 |
4.716.000 |
|
Other Current Assets |
0 |
0 |
0 |
|
TOTAL CURRENT ASSETS |
975.932.000 |
966.048.000 |
1.220.337.000 |
|
TOTAL ASSETS |
2.655.754.000 |
2.619.040.000 |
2.885.656.000 |
|
Trade Payables |
211.290.000 |
171.269.000 |
175.669.000 |
|
Bank Liabilities |
0 |
0 |
0 |
|
Group Payables |
503.223.000 |
405.507.000 |
562.029.000 |
|
Miscellaneous Liabilities |
140.670.000 |
164.086.000 |
194.178.000 |
|
TOTAL CURRENT LIABILITIES |
855.183.000 |
740.862.000 |
931.876.000 |
|
Bank Liabilities Due After 1 Year |
0 |
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 |
210.046.000 |
280.767.000 |
362.231.000 |
|
TOTAL LONG TERM LIABILITIES |
422.064.000 |
489.937.000 |
571.401.000 |
|
TOTAL LIABILITIES |
1.277.247.000 |
1.230.799.000 |
1.503.277.000 |
|
Called Up Share Capital |
83.000.000 |
83.000.000 |
83.000.000 |
|
Share Premium |
0 |
0 |
0 |
|
Revenue Reserves |
1.442.226.000 |
1.541.506.000 |
1.282.779.000 |
|
Other Reserves |
-146.719.000 |
-236.265.000 |
16.600.000 |
|
TOTAL SHAREHOLDERS EQUITY |
1.378.507.000 |
1.388.241.000 |
1.382.379.000 |
|
Other Financials |
|||
|
Contingent Liabilities |
9.594.796.000 |
10.232.233.000 |
10.641.000 |
|
Working Capital |
120.749.000 |
225.186.000 |
288.461.000 |
|
Net Worth |
1.359.308.000 |
1.371.105.000 |
1.376.752.000 |
|
Ratios |
|||
|
Pre-Tax Profit Margin |
4.13 % |
9.34 % |
14.90 % |
|
Return On Capital Employed |
3.37 % |
8.03 % |
11.13 % |
|
Return On Total Assets Employed |
4.46 % |
10.30 % |
14.73 % |
|
Return On Net Assets Employed |
8.60 % |
19.43 % |
30.74 % |
|
Sales/Net Working Capital |
23.78 |
12.82 |
9.89 |
|
Stock Turnover Ratio |
11.22 % |
9.43 % |
9.09 % |
|
Debtor Days |
40.25 |
46.13 |
49.91 |
|
Creditor Days |
26.86 |
21.65 |
22.49 |
|
Current Ratio |
1.14 |
1.30 |
1.31 |
|
Liquidity Ratio/Acid Test |
0.76 |
0.94 |
1.03 |
|
Current Debt Ratio |
0.62 |
0.53 |
0.67 |
|
Gearing |
15.38 % |
15.07 % |
15.13 % |
|
Equity In Percentage |
82.76 % |
84.67 % |
72.05 % |
|
Total Debt Ratio |
0.93 |
0.89 |
1.09 |
FOREIGN
EXCHANGE RATES
N/a
ADDITIONAL
INFORMATION
|
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 |
|
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 |
|
www.perstorp.com |
|
Employee Information |
|
|
Year |
Number of Employees |
|
2012 |
311 |
|
2011 |
301 |
|
2010 |
285 |
|
2009 |
293 |
|
2008 |
520 |
|
Advisors |
|
|
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 |
|
Industry Average Credit Rating |
72 (1 - 100) |
|
Industry Average Credit Limit |
6.796.000 |
|
Event History |
|
Event Date |
Event Description |
|
29/10/2013 |
Company representatives, changed |
|
29/10/2013 |
Authorised signatories amended or
new/amended vacancy text |
|
12/10/2013 |
Authorised signatories amended or
new/amended vacancy text |
|
12/10/2013 |
Company representatives, changed |
|
08/10/2013 |
Certificate, registered |
|
03/09/2013 |
Certificate, deregistered |
|
03/09/2013 |
Certificate, registered |
|
07/08/2013 |
Group Structure Change |
|
06/08/2013 |
Certificate, deregistered |
|
01/08/2013 |
Group Structure Change |
|
31/07/2013 |
Group Structure Change |
|
25/07/2013 |
Group annual accout, new |
|
25/07/2013 |
Annual account, new |
|
25/07/2013 |
Group Structure Change |
|
05/07/2013 |
Annual report (PDF), new |
|
01/07/2013 |
Group Structure Change |
|
27/05/2013 |
Group Structure Change |
|
02/04/2013 |
Certificate, registered |
|
02/10/2012 |
Certificate, registered |
|
18/09/2012 |
Authorised signatories amended or
new/amended vacancy text |
|
18/09/2012 |
Company representatives, changed |
|
12/09/2012 |
Company representatives, changed |
|
12/09/2012 |
Authorised signatories amended or
new/amended vacancy text |
|
21/08/2012 |
Group annual accout, new |
|
21/08/2012 |
Annual account, new |
|
31/07/2012 |
Annual report (PDF), new |
|
08/06/2012 |
Board, changed |
|
08/06/2012 |
Authorised signatories amended or
new/amended vacancy text |
|
08/06/2012 |
Company representatives, 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 |
Company representatives, changed |
|
12/03/2010 |
Board, changed |
|
12/03/2010 |
Authorised signatory, changed |
|
12/03/2010 |
Limit, increase |
|
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 |
Company business activity, changed |
|
12/08/2009 |
Board, changed |
|
12/08/2009 |
Company representatives, changed |
|
07/08/2009 |
Annual report (PDF), new |
|
03/03/2009 |
Authorised signatory, changed |
|
03/03/2009 |
Board, changed |
|
03/03/2009 |
Company representatives, changed |
NOTES
& COMMENTS
N/a
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.06 |
|
|
1 |
Rs.101.15 |
|
Euro |
1 |
Rs.84.95 |
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.