MIRA INFORM REPORT
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Report Date : |
22.09.2013 |
IDENTIFICATION DETAILS
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Name : |
STORA ENSO KVARNSVEDEN AB |
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Registered Office : |
Kvarnsveden Mill Borlange, 781 83 |
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Country : |
Sweden |
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Financials (as on) : |
31.12.2012 |
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Date of Incorporation : |
1923 |
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Com. Reg. No.: |
5560216722 |
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Legal Form : |
Private Subsidiary |
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Line of Business : |
Subject is engaged in making products designed for purposes other than packaging: · cutting and coating paper; · cutting and laminating paper and other flexible materials (except plastics film to plastics film); and · (3) laminating aluminum and other metal foils for nonpackaging uses from purchased foils. |
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No. of Employees : |
800 |
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 : |
Slow but 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 – March 31st, 2013
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Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
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Sweden |
A1 |
A1 |
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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 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
Company name and address
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Stora Enso Kvarnsveden AB |
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Business Description
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Stora Enso Kvarnsveden AB is primarily engaged in performing one or more of the following activities associated with making products designed for purposes other than packaging: (1) cutting and coating paper; (2) cutting and laminating paper and other flexible materials (except plastics film to plastics film); and (3) laminating aluminum and other metal foils for nonpackaging uses from purchased foils. The products made in this industry are made from purchased sheet materials and may be printed in the same establishment. |
Industry
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Industry |
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ANZSIC 2006: |
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ISIC Rev 4: |
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NACE Rev 2: |
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NAICS 2012: |
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UK SIC 2007: |
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US SIC 1987: |
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Key Executives
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Registered No.(SWE) 5560216722
1 - Profit & Loss Item Exchange
Rate: USD 1 = SEK 7.206564
2 - Balance Sheet Item Exchange Rate: USD 1 = SEK 6.72285
Corporate Overview
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Corporate family
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Company Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
|
Parent |
Helsinki |
Finland |
Paper Product Manufacturing |
13,896.8 |
28,330 |
|
|
Subsidiary |
Ostroleka |
Poland |
Paper Product Manufacturing |
293.8 |
1,765 |
|
|
Subsidiary |
Lodz |
Poland |
Travel and Reservation Services |
|
30 |
|
|
Subsidiary |
Ostroleka |
Poland |
Paper Product Manufacturing |
|
|
|
|
Subsidiary |
Ettlingen, Baden-Württemberg |
Germany |
Paper Wholesale |
1,147.4 |
1,030 |
|
|
Subsidiary |
Thalwil |
Switzerland |
Paper Wholesale |
231.1 |
229 |
|
|
Subsidiary |
Bruxelles |
Belgium |
Miscellaneous Wholesale |
0.0 |
|
|
|
Subsidiary |
Skoghall |
Sweden |
Paper Product Manufacturing |
854.8 |
984 |
|
|
Subsidiary |
Wisconsin Rapids, WI |
United States |
Paper Product Manufacturing |
591.8 |
973 |
|
|
Subsidiary |
Helsinki |
Finland |
Wood Product Manufacturing |
326.2 |
524 |
|
|
Subsidiary |
Brand |
Austria |
Wood Product Manufacturing |
498.4 |
808 |
|
|
Subsidiary |
Planá |
Czech Republic |
Wood Product Manufacturing |
112.1 |
230 |
|
|
Subsidiary |
Pfarrkirchen, Bayern |
Germany |
Construction and Hardware Materials Wholesale |
104.2 |
100 |
|
|
Subsidiary |
Kerava |
Finland |
Construction and Hardware Materials Wholesale |
209.1 |
171 |
|
|
Subsidiary |
Rp Nebolchi |
Russian Federation |
Wood Product Manufacturing |
44.6 |
90 |
|
|
Subsidiary |
Palkane |
Finland |
Furniture Manufacturing |
13.2 |
30 |
|
|
Subsidiary |
Tokyo |
Japan |
Miscellaneous Wholesale |
|
5 |
|
|
Subsidiary |
Impilakhti |
Russian Federation |
Wood Product Manufacturing |
|
|
|
|
Subsidiary |
Koper |
Slovenia |
Miscellaneous Wholesale |
|
|
|
|
Subsidiary |
Ybbs an der Donau |
Austria |
Miscellaneous Wholesale |
|
|
|
|
Subsidiary |
Bad Sankt Leonhard |
Austria |
Wood Product Manufacturing |
|
260 |
|
|
Subsidiary |
Sollenau |
Austria |
Paper Wholesale |
|
100 |
|
|
Subsidiary |
Murow |
Poland |
Miscellaneous Wholesale |
|
30 |
|
|
Subsidiary |
Bratislava |
Slovakia |
Miscellaneous Wholesale |
|
|
|
|
Subsidiary |
Zdirec |
Czech Republic |
Miscellaneous Wholesale |
|
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|
|
Subsidiary |
Helsinki |
Finland |
Paper Product Manufacturing |
|
500 |
|
|
Subsidiary |
Wavre |
Belgium |
Paper Wholesale |
|
500 |
|
|
Subsidiary |
Brussels |
Belgium |
Paper Wholesale |
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Subsidiary |
Kallo |
Belgium |
Commercial and Industrial Rental |
|
|
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|
Subsidiary |
Helsinki |
Finland |
Paper Product Manufacturing |
374.8 |
490 |
|
|
Facility |
Kemi |
Finland |
Crop and Animal Production |
|
1,400 |
|
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Subsidiary |
Uetersen, Schleswig-Holstein |
Germany |
Paper Product Manufacturing |
165.5 |
430 |
|
|
Subsidiary |
Gent |
Belgium |
Paper Product Manufacturing |
338.3 |
393 |
|
|
Subsidiary |
Tisselt |
Belgium |
Paper Product Manufacturing |
55.7 |
42 |
|
|
Subsidiary |
Brebières |
France |
Paper Product Manufacturing |
263.9 |
348 |
|
|
Subsidiary |
Uimaharju |
Finland |
Paper Product Manufacturing |
406.1 |
320 |
|
|
Subsidiary |
Eilenburg, Sachsen |
Germany |
Paper Product Manufacturing |
224.0 |
320 |
|
|
Subsidiary |
Balabanovo, Kaluzhskaya Oblast |
Russian Federation |
Paper Product Manufacturing |
|
315 |
|
|
Subsidiary |
Arapoti, Parana |
Brazil |
Crop and Animal Production |
34.9 |
300 |
|
|
Subsidiary |
Anjalankoski |
Finland |
Paper Product Manufacturing |
213.8 |
271 |
|
|
Subsidiary |
Lahti |
Finland |
Paper Product Manufacturing |
93.9 |
271 |
|
|
Subsidiary |
Saint-Seurin-sur-l-Isle |
France |
Paper Product Manufacturing |
|
87 |
|
|
Subsidiary |
Elduain, Guipuzcoa |
Spain |
Paper Product Manufacturing |
11.0 |
30 |
|
|
Subsidiary |
Bolton |
United Kingdom |
Paper Product Manufacturing |
19.9 |
63 |
|
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UK Branch/Trading address |
Bolton |
United Kingdom |
Paper Product Manufacturing |
19.9 |
100 |
|
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Subsidiary |
Edam |
Netherlands |
Paper Product Manufacturing |
|
60 |
|
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Subsidiary |
Wisconsin Rapids, WI |
United States |
Paper Product Manufacturing |
8.2 |
5 |
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Subsidiary |
Hamburg |
Germany |
Paper Product Manufacturing |
|
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Subsidiary |
Stockholm |
Sweden |
Paper Product Manufacturing |
8.9 |
223 |
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|
Subsidiary |
Borlänge |
Sweden |
Paper Product Manufacturing |
609.4 |
800 |
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|
Subsidiary |
Hyltebruk |
Sweden |
Paper Product Manufacturing |
471.1 |
788 |
|
|
Subsidiary |
Nymölla |
Sweden |
Paper Product Manufacturing |
459.9 |
750 |
|
|
Subsidiary |
Fors |
Sweden |
Paper Product Manufacturing |
465.0 |
676 |
|
|
Subsidiary |
Suzhou |
China |
Paper Product Manufacturing |
|
560 |
|
|
Subsidiary |
Skutskär |
Sweden |
Paper Product Manufacturing |
416.3 |
394 |
|
|
Subsidiary |
Skutskar |
Sweden |
Paper Product Manufacturing |
|
700 |
|
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Subsidiary |
Falun |
Sweden |
Wood Product Manufacturing |
344.7 |
377 |
|
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Subsidiary |
Bassens |
France |
Construction and Hardware Materials Wholesale |
75.6 |
34 |
|
|
Subsidiary |
Falun |
Sweden |
Paper Wholesale |
|
120 |
|
|
Subsidiary |
Falun |
Sweden |
Crop and Animal Production |
|
55 |
|
|
Subsidiary |
Falun |
Sweden |
Forestry and Logging |
|
50 |
|
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Subsidiary |
Falun |
Sweden |
Crop and Animal Production |
1,029.8 |
543 |
|
|
Subsidiary |
Linkoping |
Sweden |
Forestry and Logging |
144.9 |
12 |
|
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Subsidiary |
Courbevoie |
France |
Paper Wholesale |
11.4 |
39 |
|
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Subsidiary |
Norrkoping |
Sweden |
Paper Product Manufacturing |
|
20 |
|
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Subsidiary |
Beijing |
China |
Crop and Animal Production |
|
15 |
|
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Subsidiary |
Kolding |
Denmark |
Paper Wholesale |
2.8 |
14 |
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Subsidiary |
Zurich |
Switzerland |
Paper Wholesale |
|
14 |
|
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Subsidiary |
Amsterdam |
Netherlands |
Paper Wholesale |
|
13 |
|
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Subsidiary |
Jonkoping |
Sweden |
Paper Product Manufacturing |
3.8 |
11 |
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Subsidiary |
Prague |
Czech Republic |
Crop and Animal Production |
|
6 |
|
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Subsidiary |
Zdirec |
Czech Republic |
Wood Product Manufacturing |
|
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Subsidiary |
Dubendorf |
Switzerland |
Paper Product Manufacturing |
|
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Subsidiary |
Copenhagen |
Denmark |
Paper Product Manufacturing |
|
|
|
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Subsidiary |
Düsseldorf, Nordrhein-Westfalen |
Germany |
Consulting Services |
165.0 |
221 |
|
|
Subsidiary |
Düsseldorf, Nordrhein-Westfalen |
Germany |
Paper Product Manufacturing |
681.6 |
1,300 |
|
|
Subsidiary |
Hagen, Nordrhein-Westfalen |
Germany |
Paper Product Manufacturing |
|
800 |
|
|
Subsidiary |
Hagen, Nordrhein-Westfalen |
Germany |
Administrative Services |
|
1 |
|
|
Subsidiary |
Karlsruhe, Baden-Württemberg |
Germany |
Paper Product Manufacturing |
366.0 |
604 |
|
|
Subsidiary |
Düsseldorf, Nordrhein-Westfalen |
Germany |
Consulting Services |
381.3 |
45 |
|
|
Branch |
Lübeck, Schleswig-Holstein |
Germany |
Commercial and Industrial Rental |
|
23 |
|
|
Subsidiary |
Bochum, Nordrhein-Westfalen |
Germany |
Paper Product Manufacturing |
17.4 |
17 |
|
|
Holding |
Helsinki |
Finland |
Crop and Animal Production |
|
200 |
|
|
Subsidiary |
Kemi |
Finland |
Crop and Animal Production |
|
1,500 |
|
|
Subsidiary |
Tallinn |
Estonia |
Forestry and Logging |
|
200 |
|
|
Subsidiary |
Riga |
Latvia |
Paper Product Manufacturing |
|
65 |
|
|
Subsidiary |
Harjumaa |
Estonia |
Construction and Hardware Materials Wholesale |
|
16 |
|
|
Subsidiary |
Alytus |
Lithuania |
Paper Product Manufacturing |
|
|
|
|
Subsidiary |
Vilnius |
Lithuania |
Construction and Hardware Materials Wholesale |
|
7 |
|
|
Subsidiary |
Páty |
Hungary |
Paper Product Manufacturing |
46.0 |
187 |
|
|
Subsidiary |
Jönköping |
Sweden |
Construction and Hardware Materials Wholesale |
338.4 |
142 |
|
|
Subsidiary |
Åhus, Skåne |
Sweden |
Forestry and Logging |
13.9 |
8 |
|
|
Subsidiary |
Oulu |
Finland |
Consulting Services |
23.6 |
128 |
|
|
Subsidiary |
Helsinki |
Finland |
Crop and Animal Production |
150.5 |
120 |
|
|
Subsidiary |
Lahti |
Finland |
Paper Product Manufacturing |
|
400 |
|
|
Subsidiary |
Jönköping |
Sweden |
Paper Product Manufacturing |
143.2 |
443 |
|
|
Subsidiary |
Paty |
Hungary |
Paper Product Manufacturing |
|
200 |
|
|
Subsidiary |
Riga |
Latvia |
Paper Product Manufacturing |
|
130 |
|
|
Subsidiary |
Harjumaa |
Estonia |
Paper Product Manufacturing |
|
36 |
|
|
Subsidiary |
Lahti |
Finland |
Paper Product Manufacturing |
|
|
|
|
Division |
Imatra |
Finland |
Crop and Animal Production |
|
2,200 |
|
|
Division |
Lahti |
Finland |
Crop and Animal Production |
|
425 |
|
|
Division |
Imatra |
Finland |
Crop and Animal Production |
|
100 |
|
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Subsidiary |
Kaunas |
Lithuania |
Paper Product Manufacturing |
20.8 |
47 |
|
|
Subsidiary |
Lahti |
Finland |
Machinery and Equipment Manufacturing |
4.4 |
35 |
|
|
Subsidiary |
Lahti |
Finland |
Machinery and Equipment Manufacturing |
|
|
|
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Subsidiary |
Kallo (Kieldrecht) |
Belgium |
Paper Wholesale |
13.6 |
96 |
|
|
Subsidiary |
Cape Town |
South Africa |
Paper Wholesale |
|
80 |
|
|
Subsidiary |
Ettlingen, Baden-Württemberg |
Germany |
Paper Product Manufacturing |
|
70 |
|
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Subsidiary |
Baienfurt, Baden-Württemberg |
Germany |
Paper Product Manufacturing |
11.9 |
40 |
|
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Subsidiary |
Amsterdam Zuidoost, Noord-Holland |
Netherlands |
Miscellaneous Wholesale |
369.9 |
27 |
|
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Subsidiary |
Amsterdam, Noord-Holland |
Netherlands |
Construction and Hardware Materials Wholesale |
33.8 |
|
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Subsidiary |
Amsterdam Zuidoost, Noord-Holland |
Netherlands |
Paper Product Manufacturing |
|
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|
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Subsidiary |
Gothenburg |
Sweden |
Consulting Services |
775.7 |
25 |
|
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Subsidiary |
Stamford, CT |
United States |
Paper Product Manufacturing |
|
25 |
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Subsidiary |
Stamford, CT |
United States |
Paper Wholesale |
|
3 |
|
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Subsidiary |
Helsinki |
Finland |
Construction and Hardware Materials Wholesale |
381.8 |
21 |
|
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Subsidiary |
Vimodrone, Milan |
Italy |
Paper Wholesale |
4.7 |
20 |
|
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Subsidiary |
Orpington |
United Kingdom |
Miscellaneous Professional Services |
|
20 |
|
|
Subsidiary |
Stowmarket |
United Kingdom |
Paper Product Manufacturing |
8.1 |
57 |
|
|
Subsidiary |
Orpington |
United Kingdom |
Paper Product Manufacturing |
9.8 |
56 |
|
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UK Branch/Trading address |
Nottingham |
United Kingdom |
Paper Product Manufacturing |
9.8 |
20 |
|
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Subsidiary |
Orpington |
United Kingdom |
Miscellaneous Wholesale |
34.3 |
7 |
|
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Subsidiary |
Orpington |
United Kingdom |
Miscellaneous Wholesale |
|
|
|
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Subsidiary |
Orpington |
United Kingdom |
Miscellaneous Professional Services |
6.2 |
4 |
|
|
Subsidiary |
Orpington |
United Kingdom |
Miscellaneous Professional Services |
0.1 |
|
|
|
Subsidiary |
Orpington |
United Kingdom |
Paper Product Manufacturing |
|
|
|
|
Subsidiary |
Tilbury |
United Kingdom |
Trucking |
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Subsidiary |
London |
United Kingdom |
Holding Companies |
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Subsidiary |
London |
United Kingdom |
Nonclassifiable Establishments |
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Subsidiary |
Glasgow |
United Kingdom |
Nonclassifiable Establishments |
|
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Subsidiary |
Orpington |
United Kingdom |
Nonclassifiable Establishments |
|
|
|
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Subsidiary |
Singapore |
Singapore |
Paper Wholesale |
|
20 |
|
|
Subsidiary |
Vientiane |
Lao People's Democratic Republic |
Forestry and Logging |
|
80 |
|
|
Subsidiary |
Singapore |
Singapore |
Paper Wholesale |
|
16 |
|
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Subsidiary |
Kuala Lumpur |
Malaysia |
Crop and Animal Production |
|
8 |
|
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Subsidiary |
Jakarta |
Indonesia |
Paper Wholesale |
|
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Subsidiary |
Moscow |
Russian Federation |
Paper Wholesale |
|
20 |
|
|
Subsidiary |
Saint Petersburg |
Russian Federation |
Crop and Animal Production |
|
|
|
|
Subsidiary |
Olonets |
Russian Federation |
Forestry and Logging |
|
|
|
|
Subsidiary |
Saint Petersburg |
Russian Federation |
Forestry and Logging |
|
|
|
|
Subsidiary |
Madrid |
Spain |
Paper Wholesale |
4.3 |
17 |
|
|
Subsidiary |
Castellbisbal, Barcelona |
Spain |
Paper Product Manufacturing |
185.8 |
267 |
|
|
Subsidiary |
Madrid |
Spain |
Paper Product Manufacturing |
|
20 |
|
|
Subsidiary |
Shanghai |
China |
Paper Wholesale |
|
15 |
|
|
Holding |
Imatra |
Finland |
Miscellaneous Store Retailers |
|
13 |
|
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Division |
Imatra |
Finland |
Forestry and Logging |
|
100 |
|
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Subsidiary |
Helsinki |
Finland |
Crop and Animal Production |
|
|
|
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Subsidiary |
North Sydney, NSW |
Australia |
Miscellaneous Wholesale |
2.1 |
12 |
|
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Subsidiary |
Athens |
Greece |
Paper Wholesale |
|
12 |
|
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Subsidiary |
Tokyo |
Japan |
Construction and Hardware Materials Wholesale |
|
12 |
|
|
Subsidiary |
Causeway Bay |
Hong Kong |
Paper Wholesale |
|
10 |
|
|
Subsidiary |
Warszawa |
Poland |
Paper Wholesale |
1.6 |
9 |
|
|
Subsidiary |
Wien |
Austria |
Paper Wholesale |
3.2 |
8 |
|
|
Subsidiary |
Dubai |
United Arab Emirates |
Paper Product Manufacturing |
|
7 |
|
|
Subsidiary |
Beirut, Jdeideh |
Lebanon |
Construction and Hardware Materials Wholesale |
|
|
|
|
Subsidiary |
Seoul |
Korea, Republic of |
Construction and Hardware Materials Wholesale |
|
7 |
|
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Subsidiary |
Vienna |
Austria |
Paper Wholesale |
|
6 |
|
|
Subsidiary |
Vienna |
Austria |
Crop and Animal Production |
|
6 |
|
|
Subsidiary |
|
|
|
|
2 |
|
|
Subsidiary |
Estoril, Cascais |
Portugal |
Miscellaneous Wholesale |
0.4 |
1 |
|
|
Subsidiary |
Kotka |
Finland |
Paper Wholesale |
1.6 |
|
|
|
Subsidiary |
Imatra |
Finland |
Electricity Generation and Distribution |
1.0 |
|
|
|
Subsidiary |
Chiyoda-Ku, Tokyo |
Japan |
Miscellaneous Professional Services |
|
|
|
|
Subsidiary |
Buenos Aires |
Argentina |
Paper Wholesale |
|
|
|
|
Subsidiary |
Sao Paulo |
Brazil |
Paper Wholesale |
|
|
|
|
Subsidiary |
Arapoti, PA |
Brazil |
Paper Product Manufacturing |
232.7 |
350 |
|
|
Subsidiary |
São Paulo, SP |
Brazil |
Paper Wholesale |
|
150 |
|
|
Subsidiary |
Brebieres |
France |
Holding Companies |
|
|
|
|
Subsidiary |
Hamburg |
Germany |
Paper Wholesale |
|
|
|
|
Subsidiary |
Eilenburg |
Germany |
Crop and Animal Production |
|
320 |
|
|
Subsidiary |
Dusseldorf |
Germany |
Crop and Animal Production |
|
300 |
|
|
Subsidiary |
Dusseldorf |
Germany |
Crop and Animal Production |
|
220 |
|
|
Subsidiary |
Lubeck |
Germany |
Commercial and Industrial Rental |
|
30 |
|
|
Subsidiary |
Monchengladbach |
Germany |
Paper Product Manufacturing |
|
|
|
|
Subsidiary |
Hagen |
Germany |
Paper Product Manufacturing |
|
|
|
|
Subsidiary |
Mexico |
Mexico |
Paper Wholesale |
|
|
|
|
Executive report
|
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 |
No |
No |
No |
|
|
|
|
|
|
Total Revenue |
763.5 |
609.5 |
598.1 |
|
Gross Profit |
121.9 |
64.9 |
75.5 |
|
Net Financial Items |
-4.0 |
-5.0 |
-12.0 |
|
Operating Income |
59.6 |
8.8 |
23.6 |
|
Income Before Tax |
-6.1 |
29.0 |
-43.3 |
|
Net Income |
-4.7 |
21.0 |
-31.9 |
|
|
|
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 |
No |
No |
No |
|
|
|
|
|
|
Total Assets |
932.3 |
967.2 |
1,129.3 |
|
Provisions |
555.2 |
588.9 |
580.0 |
|
Total Liabilities |
348.9 |
345.2 |
521.0 |
|
Total Equity |
28.1 |
33.1 |
28.3 |
|
|
|
Annual Ratios |
|
|
|
|
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
|
Period Length |
12 Months |
12 Months |
12 Months |
|
Filed Currency |
- |
- |
- |
|
Exchange Rate |
- |
- |
- |
|
Consolidated |
No |
No |
No |
|
|
|
|
|
|
Operating Margin |
8.02 |
1.49 |
4.06 |
|
Current Ratio |
76.49 |
71.08 |
78.33 |
|
Total debt/total equity |
45.89 |
47.26 |
39.49 |
|
Return on average equity |
12.31 |
0.88 |
2.80 |
|
|
|
Annual Growth Rates |
|
|
|
|
31-Dec-2010 |
31-Dec-2009 |
|
Period Length |
12 Months |
12 Months |
|
Filed Currency |
- |
- |
|
Exchange Rate |
- |
- |
|
Consolidated |
No |
No |
|
|
|
|
|
Turnover Percent Change |
12.87% |
-3.95% |
|
Marginal Contribution Percent Change |
69.41% |
-19.05% |
|
Net Financial Items Percent Change |
27.98% |
60.55% |
|
Operating Results Percent Change |
513.63% |
-65.06% |
|
Profit/Loss Before Tax Percent Change |
-119.07% |
163.22% |
|
Profit/Loss for the Year Percent Change |
-119.96% |
162.03% |
|
Assets Percent Change |
-1.71% |
-19.35% |
|
Provisions Percent Change |
-3.86% |
-4.40% |
|
Debts Percent Change |
3.05% |
-37.61% |
|
Equity Capital Percent Change |
-13.51% |
10.19% |
|
Operating Margin Percent Change |
438.26% |
-63.30% |
|
Current Ratio Percent Change |
7.61% |
-9.26% |
|
Debt/Equity Ratio Percent Change |
-2.90% |
19.68% |
|
Retun On Equity Percent Change |
1,298.86% |
-68.57% |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.24 |
|
|
1 |
Rs.99.90 |
|
Euro |
1 |
Rs.84.23 |
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.