|
Report Date : |
15.10.2013 |
IDENTIFICATION DETAILS
|
Name : |
AKZO NOBEL FUNCTIONAL CHEMICALS AB |
|
|
|
|
Registered Office : |
Box 851, 44485 Stenungsund |
|
|
|
|
Country : |
Sweden |
|
|
|
|
Financials (as on) : |
2012 |
|
|
|
|
Date of Incorporation : |
02.11.1983 |
|
|
|
|
Com. Reg. No.: |
5562349398 |
|
|
|
|
Legal Form : |
Limited liability company |
|
|
|
|
Line of Business : |
Manufacture of plastics
in primary forms |
|
|
|
|
No. of Employees : |
413 |
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 : |
Slow but correct |
|
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
AKZO NOBEL FUNCTIONAL CHEMICALS AB
|
Company Name AKZO NOBEL FUNCTIONAL Company Registration 5562349398 Chemicals AB |
|
Country SE |
|
Activity Code 20160 Activity Description Manufacture of plastics in primary forms |
|
Company Status Active Latest Turnover 3,091,702,000.00 (SEK) |
|
Latest Shareholders Equity 190,978,000.00 (SEK) |
Activities
Activity Code 20160
Activity Description Manufacture of plastics in primary forms
Activity Code 20140
Activity Description Manufacture of other organic basic chemicals
Activity Code 20590
Activity Description Manufacture of other chemical products n.e.c.
Activity Code 21100
Activity Description Manufacture of basic pharmaceutical products
Activity Code 46380
Activity Description Wholesale of other food, including fish, crustaceans and molluscs
Company Name Akzo Nobel Functional Chemicals AB
Registered Company Name Akzo Nobel Functional Chemicals AB
Company Registration Number 5562349398
Country SE
VAT Registration Number SE556234939801
Date of Company Registration 02/11/1983
Legal Form Limited liability company
Company Status Active
Principal Activity Code No code
Principal
Activity Description The company will manufacture and sell amines and
cellulose derivatives, chelates, micronutrients, and salt, and related business.
Contact Address Box 851, 44485 STENUNGSUND
Contact Telephone Number 0303-85000
Address Box 851, 44485 STENUNGSUND
Country SE
Telephone 0303-85000
Address Hörneborgsvägen 13, 89250
Country SE
Address Marieholmsgatan 70, 41502
Country SE
Address Ljungströmsvägen 2, 69275
Country SE
Address Spantgatan 2, 29632
Country SE
Web Addresses
Name Jan Allan Lennart Svärd
Gender Male
Date of Birth 15/12/1959
Position Actual Member of Board
Date Appointed 05/07/2012
Name Egbert Anton Henstra
Gender Male
Date of Birth 22/04/1963
Position Actual Member of Board
Date Appointed 04/08/2010
Name Kent Åke Eriksson
Gender Male
Date of Birth 13/06/1972
Position Actual Member of Board
Date Appointed 10/10/2006
Name Leif Bo Ingemar Gustavsson
Gender Male
Date of Birth 02/12/1951
Position Actual Member of Board
Date Appointed 01/07/2009
Name Britt Ingegerd Sandberg
Gender Female
Date of Birth 31/08/1956
Position Substitute
Date Appointed 01/11/2003
Name Mats Lennart Rundblad
Gender Male
Date of Birth 29/08/1965
Position Substitute
Date Appointed 10/10/2006
Name Ann Charlott Margareta Enberg
Gender Female
Date of Birth 05/01/1969
Position Actual Member of Board
Date Appointed 04/08/2010
Resignation Date 05/07/2012
Name Tommy Carl Kenneth Öhlin
Gender Male
Date of Birth 10/09/1947
Position Actual Member of Board
Date Appointed 10/10/2006
Resignation Date 05/07/2012
Name Henstra, Egbert Anton
Date of Birth 22/04/1963
Position Actual Member of Board
Date Appointed 01/07/2009
Resignation Date 04/08/2010
Name Klas Johan Stefan Lif
Gender Male
Date of Birth 28/12/1964
Position Actual Member of Board
Date Appointed 01/07/2009
Resignation Date 04/08/2010
Name Karin Helene Axelsson
Gender Female
Date of Birth 31/07/1959
Position Actual Member of Board
Date Appointed 04/09/2002
Resignation Date 01/07/2009
Name Christina Maria Tenfält
Gender Female
Date of Birth 10/10/1956
Position Actual Member of Board
Date Appointed 09/07/2001
Resignation Date 01/07/2009
Name Leif Bo Ingemar Gustavsson
Gender Male
Date of Birth 02/12/1951
Position Substitute
Date Appointed 18/06/2007
Resignation Date 01/07/2009
Issued Share capital 100,000.00 (SEK)
Company Name Registration Number Status Last Financials
1 Akzo Nobel N.V. 090078090000 31/12/2012
2 Akzo Nobel Sweden Finance AB (publ) 5567684062 31/12/2012
|
3 Fastighets AB Hammarö Vidön |
5568081607 |
31/12/2012 |
|
3 Anholmen Fastighets AB |
5562352418 |
31/12/2012 |
|
3 Akzo Nobel Aktiebolag |
5564160967 |
31/12/2012 |
|
4 Akzo Nobel Chemicals Holding Aktiebolag |
5564161007 |
31/12/2012 |
|
4 Akzo Nobel International Aktiebolag |
5560001629 |
31/12/2012 |
|
3 Akzo Nobel Bygglim AB |
5560261876 |
31/12/2012 |
|
3 Akzo Nobel Car Refinishes Aktiebolag |
5564160975 |
31/12/2012 |
|
3 Akzo Nobel Decorative Coatings AB |
5561428011 |
31/12/2012 |
|
4 Nordsjö Butiker AB |
5560728833 |
31/12/2012 |
|
3 Akzo Nobel Functional Chemicals AB |
5562349398 |
31/12/2012 |
|
4 Akzo Nobel Salt AB |
5561968206 |
31/12/2010 |
|
3 AKZO Nobel Industrial Coatings Aktiebolag |
5560359993 |
31/12/2012 |
|
4 Nobel Coatings Aktiebolag |
5560003146 |
31/12/2012 |
|
3 Akzo Nobel Industrial Finishes AB |
5564949641 |
31/12/2012 |
|
3 Akzo Nobel Surface Chemistry Aktiebolag |
5560138983 |
31/12/2012 |
|
4 Stenungsunds Kemiska Aktiebolag |
5560549395 |
31/12/2012 |
|
3 Carbide Sweden AB |
5564161031 |
31/12/2012 |
|
3 Casco Adhesives AB |
5560045311 |
31/12/2012 |
|
3 Akzo Nobel Pulp and Performance Chemicals AB |
5560229972 |
31/12/2012 |
|
4 Aqvarinse Aktiebolag |
5561885632 |
31/12/2011 |
|
4 Chemtron Aktiebolag |
5562474683 |
31/12/2010 |
|
4 Eka Chemicals (Pte) Ltd |
|
|
|
4 Akzo Nobel Pulp And Performance |
964102651 |
31/12/2012 |
|
4 Eka Chemicals K.K. |
|
|
|
4 Fastighetsaktiebolaget Stockvik |
5562246024 |
31/12/2010 |
|
4 KemaNord Kraft Aktiebolag |
5560131715 |
31/12/2012 |
|
4 Pt Eka Nobel Indonesia |
|
|
3 International Färg Aktiebolag 5564949666 31/12/2012
2 KemaNord Aktiebolag 5561084145 01/12/2007
Affiliate Name Fastighets AB Hammarö Vidön
Affiliate ID SE011/X/5568081607
Country SE
Affiliate Name Anholmen Fastighets AB
Affiliate ID SE011/X/5562352418
Country SE
Affiliate Name Akzo Nobel Aktiebolag
Affiliate ID SE011/X/5564160967
Country SE
Affiliate Name Akzo Nobel Chemicals Holding Aktiebolag
Affiliate ID SE011/X/5564161007
Country SE
Affiliate Name Akzo Nobel International Aktiebolag
Affiliate ID SE011/X/5560001629
Country SE
Affiliate Name Akzo Nobel Bygglim AB
Affiliate ID SE011/X/5560261876
Country SE
Affiliate Name Akzo Nobel Car Refinishes Aktiebolag
Affiliate ID SE011/X/5564160975
Country SE
Affiliate Name Akzo Nobel Decorative Coatings AB
Affiliate ID SE011/X/5561428011
Country SE
Affiliate Name Nordsjö Butiker AB
Affiliate ID SE011/X/5560728833
Country SE
Affiliate Name AKZO Nobel Industrial Coatings Aktiebolag
Affiliate ID SE011/X/5560359993
Country SE
Affiliate Name Nobel Coatings Aktiebolag
Affiliate ID SE011/X/5560003146
Country SE
Affiliate Name Akzo Nobel Industrial Finishes AB
Affiliate ID SE011/X/5564949641
Country SE
Affiliate Name Akzo Nobel Surface Chemistry Aktiebolag
Affiliate ID SE011/X/5560138983
Country SE
Affiliate Name Stenungsunds Kemiska Aktiebolag
Affiliate ID SE011/X/5560549395
Country SE
Affiliate Name Carbide Sweden AB
Affiliate ID SE011/X/5564161031
Country SE
Affiliate Name Casco Adhesives AB
Affiliate ID SE011/X/5560045311
Country SE
Affiliate Name Akzo Nobel Pulp and Performance Chemicals AB
Affiliate ID SE011/X/5560229972
Country SE
Affiliate Name Aqvarinse Aktiebolag
Affiliate ID SE011/X/5561885632
Country SE
Affiliate Name Chemtron Aktiebolag
Affiliate ID SE011/X/5562474683
Country SE
Affiliate Name Akzo Nobel Pulp And Performance
Affiliate ID NO017/X/964102651
Country NO
Affiliate Name Fastighetsaktiebolaget Stockvik
Affiliate ID SE011/X/5562246024
Country SE
Affiliate Name KemaNord Kraft Aktiebolag
Affiliate ID SE011/X/5560131715
Country SE
Affiliate Name International Färg Aktiebolag
Affiliate ID SE011/X/5564949666
Country SE
Affiliate Name KemaNord Aktiebolag
Affiliate ID SE011/X/5561084145
Country SE
Year 2012
Number of Employees 413
Year 2011
Number of Employees 418
Year 2010
Number of Employees 407
Year 2009
Number of Employees 403
Year 2008
Number of Employees 418
PROFIT & LOSS
Financial Year 2012 2011 2010
Number of Weeks 52 52 52
Currency SEK SEK SEK
Consolidated Accounts False False False
Revenue 3,124,234,000.00 3,564,465,000.00 3,887,753,000.00
Operating Costs 3,050,151,000.00 3,037,543,000.00 2,903,961,000.00
Operating Profit 74,083,000.00 526,922,000.00 983,792,000.00
Financial Income 433,000.00 575,000.00 261,000.00
Financial Expenses -16,491,000.00 -14,359,000.00 -11,461,000.00
Extraordinary Income 0.00 0.00 0.00
Extraordinary Costs 0.00 0.00 0.00
Profit Before Tax 58,026,000.00 513,138,000.00 972,592,000.00
Tax -7,911,000.00 -2,725,000.00 1,577,000.00
Profit After Tax 50,115,000.00 510,413,000.00 974,169,000.00
Minority Interests 0.00 0.00 0.00
Other Appropriations 34,600,000.00 -406,650,000.00 -905,000,000.00
Retained Profit -285,000.00 18,763,000.00 -15,830,000.00
BALANCE SHEET
Financial Year 2012 2011 2010
Number of Weeks 52 52 52
Currency SEK SEK SEK
Consolidated Accounts False False False
Land & Buildings 55,792,000.00 55,268,000.00 51,667,000.00
Plant & Machinery 529,332,000.00 426,629,000.00 456,971,000.00
Other Tangible Assets 10,639,000.00 110,341,000.00 47,127,000.00
Total Tangible Assets 595,763,000.00 592,238,000.00 555,765,000.00
Goodwill 0.00 0.00 0.00
Other Intangible Assets 31,828,000.00 37,407,000.00 38,292,000.00
Total Intangible Assets 31,828,000.00 37,407,000.00 38,292,000.00
Loans to Group 8,800,000.00 9,600,000.00 10,400,000.00
Other Loans 0.00 0.00 0.00
Miscellaneous Fixed Assets 18,253,000.00 20,392,000.00 14,562,000.00
Total Other Fixed Assets 27,053,000.00 29,992,000.00 24,962,000.00
Total Fixed Assets 654,644,000.00 659,637,000.00 619,019,000.00
Work in Progress 0.00 0.00 0.00
Other Inventories 390,568,000.00 352,552,000.00 276,467,000.00
Total Inventories 390,568,000.00 352,552,000.00 276,467,000.00
Trade Receivables 308,865,000.00 409,400,000.00 535,646,000.00
Group Receivables 139,595,000.00 167,486,000.00 745,000.00
Miscellaneous Receivables 35,241,000.00 53,824,000.00 65,256,000.00
Total Receivables 483,701,000.00 630,710,000.00 601,647,000.00
Cash 0.00 0.00 0.00
Other Current Assets 0.00 0.00 0.00
Total Current Assets 874,269,000.00 983,261,000.00 878,114,000.00
Total Assets 1,528,913,000.00 1,642,898,000.00 1,497,133,000.00
Trade Payables 311,619,000.00 367,958,000.00 330,251,000.00
Bank Liabilities 0.00 0.00 0.00
Group Payables 568,693,000.00 573,574,000.00 498,794,000.00
Miscellaneous Liabilities 92,671,000.00 130,480,000.00 95,707,000.00
Total Current Liabilities 972,983,000.00 1,072,012,000.00 924,752,000.00
Bank Liabilities due
after 1 year 0.00 0.00 0.00
Other Loans/Finance
0.00 0.00 0.00
due after 1 year
Group Payables due
after 1 year 0.00 0.00 0.00
Miscellaneous Liabilities 364,952,000.00 379,623,000.00 439,623,000.00
due after 1
Total Long Term Liabilities 364,952,000.00 379,623,000.00 439,623,000.00
Total Liabilities 1,337,935,000.00 1,451,635,000.00 1,364,374,000.00
Called Up Share Capital 100,000.00 100,000.00 100,000.00
Share Premium 0.00 0.00 0.00
Revenue Reserves 105,858,000.00 106,143,000.00 47,639,000.00
Other Reserves 85,020,000.00 85,020,000.00 85,020,000.00
Total Shareholders Equity 190,978,000.00 191,263,000.00 132,759,000.00
Other Financials
Contingent Liabilities 0 0 0
Working Capital -98,714,000.00 -88,751,000.00 -46,638,000.00
Net Worth 159,150,000.00 153,856,000.00 94,467,000.00
Pre-Tax Profit Margin 1.86 14.40 25.02
Return on Capital Employed 2.32 18.90 40.16
Return on Total Assets 3.80 31.23 64.96
Return on Net Assets Employed 30.38 268.29 732.60
Sales/Net Working Capital -31.65 -40.16 -83.36
Stock Turnover Ratio 12.50 9.89 7.11
Debtor Days 36.08 41.92 50.29
Creditor Days 36.41 37.68 31.01
Current Ratio 0.90 0.92 0.95
Liquidity Ratio/Acid Test 0.50 0.59 0.65
Current Debt Ratio 5.09 5.60 6.97
Gearing 3.78 3.77 5.44
Equity in Percentage 12.99 12.14 9.26
Total Debt Ratio 7.01 7.59 10.28
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.30 |
|
|
1 |
Rs.97.99 |
|
Euro |
1 |
Rs.83.15 |
INFORMATION DETAILS
|
Report
Prepared by : |
NIS |
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.