|
Report Date : |
03.11.2014 |
IDENTIFICATION DETAILS
|
Name : |
STORA ENSO HYLTE AKTIEBOLAG |
|
|
|
|
Registered Office : |
31481 Hyltebruk |
|
|
|
|
Country : |
Sweden |
|
|
|
|
Financials (as on) : |
2013 |
|
|
|
|
Date of Incorporation : |
21.07.1969 |
|
|
|
|
Com. Reg. No.: |
5561277954 |
|
|
|
|
Legal Form : |
Limited
Liability Company |
|
|
|
|
Line of Business : |
Manufacture
of newsprint |
|
|
|
|
No of Employees : |
635 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
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 – June 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
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 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 |
|
Business
Name |
STORA ENSO HYLTE
AKTIEBOLAG |
|
Country |
SWEDEN |
|
Company
Registration Number |
5561277954 |
|
Main
Activity |
Manufacture
of newsprint |
|
Activity
Code |
17121 |
|
Company
Status |
Active |
|
Latest
Turnover Figure |
2.212.600.000 |
|
Latest
Shareholder Equity Figure |
290.300.000 |
Company Information
|
|
Basic Information |
|
|
Business
Name |
Stora
Enso Hylte Aktiebolag |
|
Registered
Company Name |
Stora
Enso Hylte Aktiebolag |
|
Company
Registration Number |
5561277954 |
|
Country |
SWEDEN |
|
VAT
Registration Number |
SE556127795401 |
|
Date
of Company Registration |
21/07/1969 |
|
Legal
Form |
Limited
liability company |
|
Company
Status |
Active |
|
Currency
of this Report |
SEK |
|
Principal
Activity Description |
The company will manufacture and fbrsalja cellulose and paper, and thereby drive fbrenlig business. |
|
Contact Address |
31481 HYLTEBRUK |
|
Contact Telephone
Number |
010-4619000 |
|
|
|
|
Activities |
|
|
Activity Code |
Activity Description |
|
17121 |
Manufacture of
newsprint |
|
Profit and Loss |
|
|
|
|
Financial Year |
2013 |
2012 |
2011 |
|
Number of Weeks |
52 |
52 |
52 |
|
Currency |
SEK |
SEK |
SEK |
|
Consolidated Accounts |
N |
N |
N |
|
Revenue |
2.223.200.000 |
3.504.000.000 |
3.888.200.000 |
|
Operating
Costs |
2.961.500.000 |
3.602.600.000 |
3.416.200.000 |
|
Operating
Profit |
-738.300.000 |
-98.600.000 |
472.000.000 |
|
Wages
& Salaries |
-372.100.000 |
-448.300.000 |
-446.300.000 |
|
Depreciation |
-762.800.000 |
-254.200.000 |
-180.800.000 |
|
Financial
Income |
4.200.000 |
8.200.000 |
7.100.000 |
|
Financial
Expenses |
-8.200.000 |
-16.900.000 |
-11.600.000 |
|
Extraordinary
Income |
|||
|
Extraordinary
Costs |
-8.200.000 |
-16.900.000 |
-11.600.000 |
|
Profit
before Tax |
-742.300.000 |
-107.300.000 |
467.500.000 |
|
Tax |
-14.400.000 |
41.400.000 |
-3.000.000 |
|
Profit
after Tax |
-756.700.000 |
-65.900.000 |
464.500.000 |
|
Minority Interests |
|||
|
Other
Appropriations |
800.000.000 |
-89.200.000 |
-463.200.000 |
|
Retained
Profit |
43.300.000 |
-155.100.000 |
1.300.000 |
|
|
|||
|
|
|||
|
Balance Sheet |
|||
|
Financial Year |
2013 |
2012 |
2011 |
|
Number of Weeks |
52 |
52 |
52 |
|
Currency |
SEK |
SEK |
SEK |
|
Consolidated Accounts |
N |
N |
N |
|
Land
& Buildings |
95.900.000 |
165.600.000 |
167.300.000 |
|
Plant
& Machinery |
694.700.000 |
1.308.400.000 |
1.510.400.000 |
|
Other
Tangible Assets |
27.900.000 |
24.600.000 |
37.300.000 |
|
Total
Tangible Assets |
818.500.000 |
1.498.600.000 |
1.715.000.000 |
|
Goodwill |
5.000.000 |
7.500.000 |
2.800.000 |
|
Other
Intangible Assets |
0 |
0 |
0 |
|
Total
Intangible Assets |
5.000.000 |
7.500.000 |
2.800.000 |
|
Loans
To Group |
0 |
0 |
0 |
|
Other
Loans |
0 |
0 |
0 |
|
Miscellaneous
Fixed Assets |
53.300.000 |
66.300.000 |
21.600.000 |
|
Total
Other Fixed Assets |
53.300.000 |
66.300.000 |
21.600.000 |
|
TOTAL
FIXED ASSETS |
876.800.000 |
1.572.400.000 |
1.739.400.000 |
|
Work
In Progress |
0 |
0 |
0 |
|
Other
Inventories |
130.800.000 |
224.100.000 |
277.200.000 |
|
Total
Inventories |
130.800.000 |
224.100.000 |
277.200.000 |
|
Trade
Receivables |
205.100.000 |
366.300.000 |
402.600.000 |
|
Group
Receivables |
332.000.000 |
327.100.000 |
481.300.000 |
|
Miscellaneous
Receivables |
48.500.000 |
85.300.000 |
61.500.000 |
|
Total
Receivables |
585.600.000 |
778.700.000 |
945.400.000 |
|
Cash |
0 |
0 |
0 |
|
Other
Current Assets |
0 |
0 |
0 |
|
TOTAL
CURRENT ASSETS |
716.400.000 |
1.002.800.000 |
1.222.600.000 |
|
TOTAL
ASSETS |
1.593.200.000 |
2.575.200.000 |
2.962.000.000 |
|
Trade
Payables |
150.600.000 |
113.600.000 |
114.600.000 |
|
Bank
Liabilities |
0 |
0 |
0 |
|
Group
Payables |
309.500.000 |
578.400.000 |
961.100.000 |
|
Miscellaneous
Liabilities |
293.100.000 |
311.200.000 |
245.000.000 |
|
TOTAL
CURRENT LIABILITIES |
753.200.000 |
1.003.200.000 |
1.320.700.000 |
|
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 |
549.700.000 |
1.325.000.000 |
1.359.200.000 |
|
TOTAL LONG TERM LIABILITIES |
549.700.000 |
1.325.000.000 |
1.359.200.000 |
|
TOTAL LIABILITIES |
1.302.900.000 |
2.328.200.000 |
2.679.900.000 |
|
Called Up Share Capital |
200.000.000 |
200.000.000 |
200.000.000 |
|
Share Premium |
0 |
0 |
0 |
|
Revenue Reserves |
50.300.000 |
-113.000.000 |
42.100.000 |
|
Other Reserves |
40.000.000 |
160.000.000 |
40.000.000 |
|
TOTAL SHAREHOLDERS EQUITY |
290.300.000 |
247.000.000 |
282.100.000 |
|
|
|||
|
|
|||
|
Other
Financials |
|||
|
Contingent Liabilities |
3.300.000 |
3.200.000 |
32.400.000 |
|
Working Capital |
-36.800.000 |
-400.000 |
-98.100.000 |
|
Net Worth |
285.300.000 |
239.500.000 |
279.300.000 |
|
Ratios |
|
Pre-Tax Profit Margin |
-33.39 % |
-3.06% |
12.02% |
|
Return On Capital Employed |
-31.64% |
-3.00% |
10.92% |
|
Return On Total Assets Employed |
-46.59 % |
-4.17% |
15.78% |
|
Return On Net Assets Employed |
-255.70% |
-43.44% |
165.72 % |
|
Sales/Net Working Capital |
-60.41 |
-8760.00 |
-39.64 |
|
Stock Turnover Ratio |
5.88% |
6.40% |
7.13% |
|
Debtor Days |
33.67 |
38.16 |
37.79 |
|
Creditor Days |
24.73 |
11.83 |
10.76 |
|
Current Ratio |
0.95 |
1.00 |
0.93 |
|
Liquidity Ratio/Acid Test |
0.78 |
0.78 |
0.72 |
|
Current Debt Ratio |
2.59 |
4.06 |
4.68 |
|
Gearing |
|
|
|
|
Equity In Percentage |
18.91% |
9.87% |
9.60% |
|
Total Debt Ratio |
4.49 |
9.43 |
9.50 |
Main Address
Address Country
Telephone
31481 HYLTEBRUK SWEDEN
010-4619000
Other Address
Address Country
No other addresses for this company.
Email Addresses
No information for this company.
Web Pages
No information for this company.
Issued Share Capital 200.000.000
Directors/Managers
|
|||
|
|
|||
|
Current Directors |
|||
|
Name |
Appointment
Date |
Position |
|
|
Vanhainen,
Juha Kalervo |
21/01/2008 |
Actual
Member of Board |
|
|
Per
Hakan Kenneth Ohlsson |
23/08/2012 |
Actual
Member of Board |
|
|
Kaarlehto,
Jukka Kalervo |
01/11/2003 |
Foreign
Resident in the EEA |
|
|
|
|||
|
Previous Directors |
|||
|
|
Appointment
Date |
Position |
Resignation
Date |
|
Johan
Thomas Henrik Edenholm |
21/07/2005 |
Actual
Member of Board |
|
|
John
Anders Lbnnberg |
03/11/2004 |
Actual
Member of Board |
|
|
Ewa
Krystyna Bengtsson |
21/08/2002 |
Substitute |
|
|
Bert
Karl-Gustav Karlsson |
21/07/2005 |
Substitute |
|
|
Lars
Urban Helmer Lundin |
08/09/2010 |
Actual
Member of Board |
|
|
Tor
Erik Lundqvist |
29/03/2007 |
Actual
Member of Board |
|
Extended Group Structure
|
Company
Name |
Country |
Number |
Latest Annual Accounts |
|
Stora Enso Oyj |
Fl |
10390508 |
31/12/2012 |
|
Stora
Enso AB |
SE |
5561733360 |
31/12/2013 |
|
Stora
Kopparbergs Bergslags Aktiebolag |
SE |
5560129479 |
31/12/2013 |
|
Stora
Enso NN Paper AB |
SE |
5567383558 |
31/12/2013 |
|
Stora
Enso Timber AB |
SE |
5560274903 |
31/12/2013 |
|
Stora
Enso Laos Plantation AB |
SE |
5568009228 |
31/12/2013 |
|
Stora
Enso China Holdings AB |
SE |
5565783023 |
31/12/2013 |
|
Stora
Enso Pulp and Paper Asia Aktiebolag |
SE |
5562982552 |
31/12/2013 |
|
Stora
Enso Skog Aktiebolag |
SE |
5560095589 |
31/12/2013 |
|
Stora
Enso Skog As |
NO |
938124337 |
31/12/2013 |
|
Stora
Enso Bioenergi AB |
SE |
5562002203 |
31/12/2013 |
|
Sydved
Aktiebolag |
SE |
5561710814 |
31/12/2013 |
|
Stora
Enso (Schweiz) Ag |
CH |
|
|
|
Stora
Enso Logistics AB |
SE |
5560398694 |
31/12/2013 |
|
Stora
Enso Praha Sro |
CZ |
|
|
|
Stora
Enso Fors Aktiebolag |
SE |
5560128661 |
31/12/2013 |
|
Stora
Enso Hylte Aktiebolag |
SE |
5561277954 |
31/12/2013 |
|
DanfiberA/S |
DK |
|
|
|
Stora
Enso Skoghall Aktiebolag |
SE |
5562982545 |
31/12/2013 |
|
Stora
Enso Danmark A/S |
DK |
|
|
|
STORA
ENSO FORSAKRINGSAKTIEBOLAG |
SE |
5164018045 |
|
|
Stora
Enso Fine Paper Aktiebolag |
SE |
5560004425 |
31/12/2013 |
|
Stora
Enso Nymblla Aktiebolag |
SE |
5560704446 |
31/12/2013 |
|
Stora
Enso Treasury Stockholm AB |
SE |
5560238908 |
31/12/2013 |
|
Stora
Enso Amsterdam B.V. |
NL |
330569230000 |
31/12/2012 |
|
Stora
Enso Pulp Aktiebolag |
SE |
5560293408 |
31/12/2013 |
|
Skutskars
Industriservice Aktiebolag |
SE |
5560774019 |
31/12/2013 |
|
Norrsundet
Utvecklings AB |
SE |
5567759070 |
31/12/2013 |
|
Stora
Enso Activation AB |
SE |
5566094669 |
31/12/2012 |
|
Stora
Enso South Asia Holdings AB |
SE |
5569001638 |
31/12/2013 |
|
Stora
Enso Kvarnsveden AB |
SE |
5560216722 |
31/12/2013 |
Employee
Information
Year Number
of Employees
2013 635
2012 767
2011 774
2010 788
2009 794
Advisors
Auditor Name Deloitte
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 17121
Activity Description Manufacture of newsprint
Industry Average Credit Rating 71 (1 - 100)
Industry Average Credit Limit 10.011.000
Event History
|
Event
Date |
Event
Description |
|
22/09/2014 |
Group
Structure Change |
|
18/08/2014 |
Group
Structure Change |
|
04/08/2014 |
Group
Structure Change |
|
21/07/2014 |
Group
Structure Change |
|
16/07/2014 |
Group
Structure Change |
|
15/07/2014 |
Group
Structure Change |
|
14/07/2014 |
Group
Structure Change |
|
08/07/2014 |
Group
Structure Change |
|
04/07/2014 |
Group
Structure Change |
|
30/06/2014 |
Group
Structure Change |
|
27/06/2014 |
Group
Structure Change |
|
23/06/2014 |
Group
Structure Change |
|
23/06/2014 |
Annual
account, new |
|
23/06/2014 |
Group
annual accout, new |
|
16/06/2014 |
Group
Structure Change |
|
16/06/2014 |
Annual
report (PDF), new |
|
12/06/2014 |
Group
Structure Change |
|
28/05/2014 |
Group
Structure Change |
|
15/11/2013 |
Group
Structure Change |
|
11/10/2013 |
Authorised
signatories amended or new/amended vacancy text |
|
11/10/2013 |
Company
representatives, changed |
|
17/09/2013 |
Group
Structure Change |
|
11/09/2013 |
Group
Structure Change |
|
30/08/2013 |
Annual
account, new |
|
14/08/2013 |
Group
Structure Change |
|
06/08/2013 |
Group
Structure Change |
|
05/08/2013 |
Group
Structure Change |
|
31/07/2013 |
Annual
report (PDF), new |
|
29/07/2013 |
Group
Structure Change |
|
12/07/2013 |
Group
Structure Change |
|
11/07/2013 |
Group
Structure Change |
|
09/07/2013 |
Group
Structure Change |
|
08/07/2013 |
Group
Structure Change |
|
01/07/2013 |
Group
Structure Change |
|
21/06/2013 |
Group
Structure Change |
|
19/06/2013 |
Group
Structure Change |
|
13/06/2013 |
Group
Structure Change |
|
06/06/2013 |
Group
Structure Change |
|
04/06/2013 |
Group
Structure Change |
|
30/05/2013 |
Group
Structure Change |
|
23/05/2013 |
Group
Structure Change |
|
04/10/2012 |
Annual
account, new |
|
24/08/2012 |
Company
representatives, changed |
|
24/08/2012 |
Authorised
signatories amended or new/amended vacancy text |
|
24/08/2012 |
Board,
changed |
|
20/08/2012 |
Annual
report (PDF), new |
|
03/07/2012 |
Certificate,
registered |
|
06/06/2012 |
Certificate,
deregistered |
|
23/08/2011 |
Group
annual accout, new |
|
23/08/2011 |
Annual
account, new |
|
28/07/2011 |
Annual
report (PDF), new |
|
08/06/2011 |
Certificate,
deregistered |
|
29/03/2011 |
Phone
number, changed |
|
03/01/2011 |
Certificate,
registered |
|
15/11/2010 |
Annual
account, changed |
|
09/09/2010 |
Authorised
signatory, changed |
|
09/09/2010 |
Board,
changed |
|
09/09/2010 |
Company
representatives, changed |
|
17/08/2010 |
Annual
account, new |
|
30/07/2010 |
Annual
report (PDF), new |
|
20/04/2010 |
Board,
changed |
|
20/04/2010 |
Authorised
signatory, changed |
|
20/04/2010 |
Company
representatives, changed |
Negative 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 |
5 |
|
Number
of private claims |
7 |
|
Number
of applications for an order to pay |
6 |
|
Number
of reclaimed/revoked applications |
10 |
|
Latest Private Claim |
|
|
Date |
09/09/2013 |
|
Amount |
3.805
SEK |
|
Creditor |
TeliaSonera
Sverige Aktiebolag |
|
Comments |
Decision |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.41 |
|
|
1 |
Rs.98.06 |
|
Euro |
1 |
Rs.77.19 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
SMN |
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.