MIRA
INFORM REPORT
|
Report Date : |
09.08.2014 |
IDENTIFICATION DETAILS
|
Name : |
AKZO NOBEL SURFACE CHEMISTRY AKTIEBOLAG |
|
|
|
|
Registered Office : |
44485 Stenungsund |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
2013 |
|
|
|
|
Date of Incorporation : |
20.12.1916 |
|
|
|
|
Com. Reg. No.: |
5560138983 |
|
|
|
|
Legal Form : |
Limited liability company |
|
|
|
|
Line of Business : |
Manufacture of other organic basic chemicals |
|
|
|
|
No of Employees : |
363 |
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 – June 01, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
Sweden |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderate Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderate High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
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 a rebound in 2010, but growth slipped in 2013, as a result of continued economic weakness in the EU - Sweden’s main export market.
|
Source
: CIA |
REGISTERED NAME & COMPANY
SUMMARY
|
Business Name |
Akzo Nobel Surface Chemistry Aktiebolag |
|
Country |
SWEDEN |
|
Company Registration Number |
5560138983 |
|
Main Activity |
Manufacture of other organic basic chemicals |
|
Activity Code |
20140 |
|
Company Status |
Active |
|
Latest Turnover Figure |
2.762.100.000 |
|
Latest Shareholder Equity Figure |
599.800.000 |
|
Basic
Information |
|
|
Business Name |
Akzo Nobel Surface Chemistry Aktiebolag |
|
Registered Company Name |
Akzo Nobel Surface Chemistry Aktiebolag |
|
Company Registration Number |
5560138983 |
|
Country |
SWEDEN |
|
VAT Registration Number |
SE556013898301 |
|
Date of Company Registration |
20/12/1916 |
|
Legal Form |
Limited liability company |
|
Company Status |
Active |
|
Currency of this Report |
SEK |
|
Principal Activity Description |
Bolaget skall direkt eller
genom dotterbolag bedriva tillverkning och försäljning samt handel med
kemiska och kemisk-tekniska produkter i Sverige och utomlands bedriva därmed förenlig
verksam |
|
Contact Address |
, 44485 STENUNGSUND |
|
Contact Telephone Number |
0303-85000 |
DIRECTORS/MANAGEMENT
|
Current
Directors |
|||
|
Name |
Appointment Date |
Position |
|
|
Agneta Christina Gerdner |
02/07/2010 |
Actual Member of Board |
|
|
Per Johan Landfors |
11/10/2011 |
Actual Member of Board |
|
|
Annika Jeanett Josefson |
31/05/2006 |
Actual Member of Board |
|
|
Kerstin Anna-Lena Palm |
03/05/2004 |
Actual Member of Board |
|
|
Per Anders Öst |
22/08/2005 |
Actual Member of Board |
|
|
Annika Susanne Persson |
09/09/2013 |
Substitute |
|
|
Ulf Ove Assar Johansson |
02/07/2010 |
Substitute |
|
|
Previous
Directors |
|||
|
Name |
Appointment Date |
Position |
Resignation Date |
|
Britt-Marie Helén Olsson |
02/07/2010 |
Actual Member of Board |
|
|
Jenny Christina Ersson |
02/07/2010 |
Substitute |
|
|
Tommy Carl Kenneth Öhlin |
11/10/2011 |
External Signatory |
|
|
Anders Henrik Herrmann |
21/09/2009 |
Actual Member of Board |
|
|
Kent Ĺke Eriksson |
03/05/2004 |
Substitute |
|
|
Hans Erik Lundkvist |
30/04/2008 |
Substitute |
|
|
Harry Nils Rainer Stenbacka |
31/01/2007 |
Substitute |
|
|
Christina Maria Tenfält |
31/05/2006 |
Actual Member of Board |
|
NEGATIVE INFORMATION
No negative information found.
SHARE & SHARE CAPITAL
INFORMATION
|
Issued Share Capital |
120.000.000 |
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 |
1 |
|
Number of applications for an order to pay |
- |
|
Number of reclaimed/revoked applications |
4 |
GROUP STRUCTURE & AFFILIATED
COMPANIES
|
Extended Group
Structure |
|
Company Name |
Country |
Number |
Latest Annual Accounts |
|
NL |
090078090000 |
31/12/2013 |
|
|
SE |
5567684062 |
31/12/2013 |
|
|
SE |
5568081607 |
31/12/2013 |
|
|
SE |
5562352418 |
31/12/2012 |
|
|
SE |
5564160967 |
31/12/2012 |
|
|
SE |
5564161007 |
31/12/2013 |
|
|
SE |
5560001629 |
31/12/2012 |
|
|
SE |
5560261876 |
31/12/2012 |
|
|
SE |
5564160975 |
31/12/2012 |
|
|
SE |
5561428011 |
31/12/2012 |
|
|
SE |
5560728833 |
31/12/2012 |
|
|
SE |
5562349398 |
31/12/2013 |
|
|
SE |
5561968206 |
31/12/2010 |
|
|
SE |
5560359993 |
31/12/2012 |
|
|
SE |
5560003146 |
31/12/2013 |
|
|
SE |
5564949641 |
31/12/2013 |
|
|
SE |
5560138983 |
31/12/2013 |
|
|
SE |
5560549395 |
31/12/2013 |
|
|
SE |
5564161031 |
31/12/2012 |
|
|
SE |
5560045311 |
31/12/2013 |
|
|
SE |
5560229972 |
31/12/2013 |
|
|
SE |
5561885632 |
31/12/2011 |
|
|
SE |
5562474683 |
31/12/2010 |
|
|
|
ZA |
|
|
|
NO |
964102651 |
31/12/2013 |
|
|
|
JP |
|
|
|
SE |
5562246024 |
31/12/2010 |
|
|
SE |
5560131715 |
31/12/2013 |
|
|
|
ID |
|
|
|
SE |
5564949666 |
31/12/2013 |
|
|
SE |
5561084145 |
01/12/2007 |
FINANCIAL INFORMATION
|
Profit
and Loss |
|||
|
Financial Year |
2013 |
2012 |
2011 |
|
Number of Weeks |
52 |
52 |
52 |
|
Currency |
SEK |
SEK |
SEK |
|
Consolidated Accounts |
N |
N |
N |
|
Revenue |
2.809.700.000 |
2.800.300.000 |
2.818.700.000 |
|
Operating Costs |
2.601.200.000 |
2.604.100.000 |
2.647.000.000 |
|
Operating Profit |
208.500.000 |
196.200.000 |
171.700.000 |
|
Wages & Salaries |
- |
- |
- |
|
Depreciation |
- |
- |
- |
|
Financial Income |
9.200.000 |
11.200.000 |
10.600.000 |
|
Financial Expenses |
-300.000 |
-100.000 |
- |
|
Extraordinary Income |
- |
- |
- |
|
Extraordinary Costs |
-300.000 |
-100.000 |
- |
|
Profit before Tax |
217.400.000 |
207.300.000 |
182.300.000 |
|
Tax |
-48.800.000 |
-53.300.000 |
-49.900.000 |
|
Profit after Tax |
168.600.000 |
154.000.000 |
132.400.000 |
|
Minority Interests |
- |
- |
- |
|
Other Appropriations |
- |
-5.000.000 |
-5.000.000 |
|
Retained Profit |
168.600.000 |
149.000.000 |
127.400.000 |
|
Balance Sheet |
|||
|
Financial Year |
2013 |
2012 |
2011 |
|
Number of Weeks |
52 |
52 |
52 |
|
Currency |
SEK |
SEK |
SEK |
|
Consolidated Accounts |
N |
N |
N |
|
Land & Buildings |
115.700.000 |
121.100.000 |
132.900.000 |
|
Plant & Machinery |
217.100.000 |
244.200.000 |
212.900.000 |
|
Other Tangible Assets |
268.600.000 |
182.300.000 |
219.500.000 |
|
Total Tangible Assets |
601.400.000 |
547.600.000 |
565.300.000 |
|
Goodwill |
900.000 |
14.600.000 |
30.800.000 |
|
Other Intangible Assets |
91.300.000 |
75.800.000 |
76.200.000 |
|
Total Intangible Assets |
92.200.000 |
90.400.000 |
107.000.000 |
|
Loans To Group |
0 |
0 |
0 |
|
Other Loans |
0 |
0 |
0 |
|
Miscellaneous Fixed
Assets |
500.000 |
2.000.000 |
1.600.000 |
|
Total Other Fixed Assets |
500.000 |
2.000.000 |
1.600.000 |
|
TOTAL FIXED ASSETS |
694.100.000 |
640.000.000 |
673.900.000 |
|
Work In Progress |
0 |
0 |
0 |
|
Other Inventories |
227.800.000 |
220.800.000 |
251.600.000 |
|
Total Inventories |
227.800.000 |
220.800.000 |
251.600.000 |
|
Trade Receivables |
261.000.000 |
243.200.000 |
292.800.000 |
|
Group Receivables |
341.000.000 |
335.800.000 |
292.000.000 |
|
Miscellaneous
Receivables |
38.100.000 |
43.900.000 |
42.900.000 |
|
Total Receivables |
640.100.000 |
622.900.000 |
627.700.000 |
|
Cash |
21.000.000 |
25.000.000 |
9.900.000 |
|
Other Current Assets |
0 |
0 |
0 |
|
TOTAL CURRENT ASSETS |
888.900.000 |
868.700.000 |
889.200.000 |
|
TOTAL ASSETS |
1.583.000.000 |
1.508.700.000 |
1.563.100.000 |
|
Trade Payables |
198.900.000 |
166.500.000 |
193.600.000 |
|
Bank Liabilities |
0 |
0 |
0 |
|
Group Payables |
411.100.000 |
306.600.000 |
351.900.000 |
|
Miscellaneous
Liabilities |
93.600.000 |
152.700.000 |
138.500.000 |
|
TOTAL CURRENT
LIABILITIES |
703.600.000 |
625.800.000 |
684.000.000 |
|
Bank Liabilities Due
After 1 Year |
0 |
0 |
0 |
|
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 |
279.600.000 |
281.300.000 |
275.100.000 |
|
TOTAL LONG TERM
LIABILITIES |
279.600.000 |
281.300.000 |
275.100.000 |
|
TOTAL LIABILITIES |
983.200.000 |
907.100.000 |
959.100.000 |
|
Called Up Share Capital |
120.000.000 |
120.000.000 |
120.000.000 |
|
Share Premium |
0 |
0 |
0 |
|
Revenue Reserves |
619.100.000 |
601.900.000 |
590.600.000 |
|
Other Reserves |
-139.300.000 |
-120.300.000 |
-106.600.000 |
|
TOTAL SHAREHOLDERS
EQUITY |
599.800.000 |
601.600.000 |
604.000.000 |
|
Other Financials |
|||
|
Contingent Liabilities |
2.100.000 |
1.400.000 |
5.300.000 |
|
Working Capital |
185.300.000 |
242.900.000 |
205.200.000 |
|
Net Worth |
507.600.000 |
511.200.000 |
497.000.000 |
|
Ratios |
|||
|
Pre-Tax Profit Margin |
7.74 % |
7.40 % |
6.47 % |
|
Return On Capital
Employed |
9.51 % |
9.71 % |
8.11 % |
|
Return On Total Assets
Employed |
13.73 % |
13.74 % |
11.66 % |
|
Return On Net Assets
Employed |
36.25 % |
34.46 % |
30.18 % |
|
Sales/Net Working
Capital |
15.16 |
11.53 |
13.74 |
|
Stock Turnover Ratio |
8.11 % |
7.88 % |
8.93 % |
|
Debtor Days |
33.91 |
31.70 |
37.92 |
|
Creditor Days |
25.84 |
21.70 |
25.07 |
|
Current Ratio |
1.26 |
1.39 |
1.30 |
|
Liquidity Ratio/Acid
Test |
0.94 |
1.04 |
0.93 |
|
Current Debt Ratio |
1.17 |
1.04 |
1.13 |
|
Gearing |
|
|
|
|
Equity In Percentage |
40.25 % |
42.48 % |
41.53 % |
|
Total Debt Ratio |
1.64 |
1.51 |
1.59 |
FOREIGN EXCHANGE RATES
N/a
ADDITIONAL INFORMATION
|
Activities |
|
|
Activity Code |
Activity Description |
|
20140 |
Manufacture of other organic basic chemicals |
|
20410 |
Manufacture of soap and detergents, cleaning and polishing
preparations |
|
20590 |
Manufacture of other chemical products n.e.c. |
|
20160 |
Manufacture of plastics in primary forms |
|
21100 |
Manufacture of basic pharmaceutical products |
|
Main
Address |
||
|
Address |
Country |
Telephone |
|
, 44485 STENUNGSUND |
SWEDEN |
0303-85000 |
|
Other
Address |
|
|
Address |
Country |
|
Stockviksvägen 20, 85467 |
SWEDEN |
|
Email Addresses |
|
No information for this company. |
|
Web Pages |
|
www.akzonobel.se |
|
Employee
Information |
|
|
Year |
Number of Employees |
|
2013 |
363 |
|
2012 |
372 |
|
2011 |
370 |
|
2010 |
399 |
|
2009 |
351 |
|
Advisors |
|
|
Auditor Name |
KPMG 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 |
|
23/07/2014 |
Annual account, new |
|
16/07/2014 |
Annual report (PDF), new |
|
15/07/2014 |
Status, changed |
|
10/07/2014 |
Group Structure Change |
|
08/07/2014 |
Group Structure Change |
|
15/04/2014 |
Authorised signatories amended
or new/amended vacancy text |
|
15/04/2014 |
Company representatives,
changed |
|
18/09/2013 |
Group Structure Change |
|
17/09/2013 |
Group Structure Change |
|
10/09/2013 |
Authorised signatories
amended or new/amended vacancy text |
|
10/09/2013 |
Company representatives,
changed |
|
09/09/2013 |
Group Structure Change |
|
05/09/2013 |
Group Structure Change |
|
29/08/2013 |
Group Structure Change |
|
19/08/2013 |
Group Structure Change |
|
07/08/2013 |
Group Structure Change |
|
05/08/2013 |
Group Structure Change |
|
31/07/2013 |
Group Structure Change |
|
30/07/2013 |
Group Structure Change |
|
25/07/2013 |
Group Structure Change |
|
17/07/2013 |
Group Structure Change |
|
16/07/2013 |
Annual account, new |
|
16/07/2013 |
Group annual accout, new |
|
01/07/2013 |
Annual report (PDF), new |
|
06/06/2013 |
Group Structure Change |
|
09/04/2013 |
Company representatives,
changed |
|
09/04/2013 |
Authorised signatories
amended or new/amended vacancy text |
|
02/04/2013 |
Certificate, registered |
|
29/11/2012 |
Company representatives,
changed |
|
29/11/2012 |
Authorised signatories
amended or new/amended vacancy text |
|
01/10/2012 |
Interim report (PDF),
new |
|
01/08/2012 |
Annual account, new |
|
12/07/2012 |
Annual report (PDF), new |
|
12/10/2011 |
Company representatives,
changed |
|
12/10/2011 |
Board, changed |
|
12/10/2011 |
Authorised signatories
amended or new/amended vacancy text |
|
07/09/2011 |
Interim report (PDF),
new |
|
27/07/2011 |
Company representatives,
changed |
|
27/07/2011 |
Board, changed |
|
27/07/2011 |
Authorised signatories
amended or new/amended vacancy text |
|
06/07/2011 |
Annual account, new |
|
30/06/2011 |
Annual report (PDF), new |
|
11/05/2011 |
Board, changed |
|
11/05/2011 |
Company representatives,
changed |
|
11/05/2011 |
Authorised signatories
amended or new/amended vacancy text |
|
29/03/2011 |
Fax number, new |
|
16/09/2010 |
Interim report (PDF),
new |
|
03/07/2010 |
Authorised signatory,
changed |
|
03/07/2010 |
Company representatives,
changed |
|
03/07/2010 |
Board, changed |
|
29/06/2010 |
Annual account, new |
|
23/06/2010 |
Annual report (PDF), new |
|
09/02/2010 |
Company representatives,
changed |
|
09/02/2010 |
Authorised signatory,
changed |
|
09/02/2010 |
Board, changed |
|
22/09/2009 |
Authorised signatory, changed |
|
22/09/2009 |
Company representatives,
changed |
|
22/09/2009 |
Board, changed |
|
11/09/2009 |
Interim report (PDF),
new |
|
Latest Private Claim |
|
|
Date |
30/12/2009 |
|
Amount |
456 SEK |
|
Creditor |
Quill Kontorslagret AB |
|
Comments |
Decision |
NOTES & COMMENTS
N/a
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 61.55 |
|
|
1 |
Rs. 103.50 |
|
Euro |
1 |
Rs. 82.41 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
DPT |
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.