|
Report Date : |
22.11.2014 |
IDENTIFICATION DETAILS
|
Name : |
AKZO
NOBEL FUNCTIONAL CHEMICALS AB |
|
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|
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Registered Office : |
|
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Country : |
|
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Financials (as on) : |
2013 |
|
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Date of Incorporation : |
02.11.1983 |
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Com. Reg. No.: |
5562349398 |
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|
Legal Form : |
Limited Liability Company |
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Line of Business : |
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|
No of Employees : |
400 |
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 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
|
Off-credit |
D |
Aided by peace and neutrality
for the whole of the 20th century,
|
Source
: CIA |
Business Name AKZO NOBEL FUNCTIONAL CHEMICALS AB
Country
Company Registration Number 5562349398
Main Activity Manufacture of other
organic basic chemicals
Activity Code 20140
Company Status Active
Latest Turnover Figure 2.792.002.000
Latest Shareholder Equity Figure 194.757.000
Basic Information
Business Name Akzo Nobel
Functional Chemicals AB
Registered Company Name Akzo Nobel
Functional Chemicals AB
Company Registration Number 5562349398
Country
VAT Registration Number SE556234939801
Date of Company Registration 02/11/1983
Legal Form Limited liability
company
Company Status Active
Currency of this Report SEK
Principal Activity
Description The
company will manufacture and sell amines and derivatives, chelates,
micronutrients and salt, and related business.
Contact Address Box 851, 44485
STENUNGSUND
Contact Telephone Number 0303-85000
Activities
Activity Code Activity
Description
20140 Manufacture
of other organic basic chemicals
20160 Manufacture
of plastics in primary forms
21100 Manufacture
of basic pharmaceutical products
46380 Wholesale
of other food, including fish, crustaceans and molluscs
20590 Manufacture
of other chemical products n.e.c.
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 |
3.011.342.000 |
3.124.234.000 |
3.564.465.000 |
|
Operating Costs |
2.870.985.000 |
3.050.151.000 |
3.037.543.000 |
|
Operating Profit |
140.357.000 |
74.083.000 |
526.922.000 |
|
Wages & Salaries |
- |
- |
- |
|
Depreciation |
- |
- |
- |
|
Financial Income |
292.000 |
433.000 |
575.000 |
|
Financial Expenses |
-17.457.000 |
-16.491.000 |
-14.359.000 |
|
Extraordinary Income |
- |
- |
- |
|
Extraordinary Costs |
-17.457.000 |
-16.491.000 |
-14.359.000 |
|
Profit before Tax |
123.192.000 |
58.026.000 |
513.138.000 |
|
Tax |
-1.120.000 |
-7.911.000 |
-2.725.000 |
|
Profit after Tax |
122.072.000 |
50.115.000 |
510.413.000 |
|
Minority Interests |
- |
- |
- |
|
Other Appropriations |
-118.293.000 |
-50.400.000 |
-491.650.000 |
|
Retained Profit |
3.779.000 |
-285.000 |
18.763.000 |
|
|
|||
|
Balance
Sheet |
|||
|
Financial Year |
2013 |
2012 |
2011 |
|
Number of Weeks |
52 |
52 |
52 |
|
Currency |
SEK |
SEK |
SEK |
|
Consolidated Accounts |
N |
N |
N |
|
Land & Buildings |
52.512.000 |
55.792.000 |
55.268.000 |
|
Plant & Machinery |
458.471.000 |
529.332.000 |
426.629.000 |
|
Other Tangible Assets |
14.007.000 |
10.639.000 |
110.341.000 |
|
Total Tangible Assets |
524.990.000 |
595.763.000 |
592.238.000 |
|
Goodwill |
0 |
0 |
0 |
|
Other Intangible Assets |
30.379.000 |
31.828.000 |
37.407.000 |
|
Total Intangible Assets |
30.379.000 |
31.828.000 |
37.407.000 |
|
Loans To Group |
8.000.000 |
8.800.000 |
9.600.000 |
|
Other Loans |
0 |
0 |
0 |
|
Miscellaneous Fixed Assets |
21.177.000 |
18.253.000 |
20.392.000 |
|
Total Other Fixed Assets |
29.177.000 |
27.053.000 |
29.992.000 |
|
TOTAL
FIXED ASSETS |
584.546.000 |
654.644.000 |
659.637.000 |
|
Work In Progress |
0 |
0 |
0 |
|
Other Inventories |
277.205.000 |
390.568.000 |
352.552.000 |
|
Total Inventories |
277.205.000 |
390.568.000 |
352.552.000 |
|
Trade Receivables |
220.296.000 |
308.865.000 |
409.400.000 |
|
Group Receivables |
677.813.000 |
139.595.000 |
167.486.000 |
|
Miscellaneous Receivables |
24.353.000 |
35.241.000 |
53.824.000 |
|
Total Receivables |
922.462.000 |
483.701.000 |
630.710.000 |
|
Cash |
0 |
0 |
0 |
|
Other Current Assets |
0 |
0 |
0 |
|
TOTAL
CURRENT ASSETS |
1.199.667.000 |
874.269.000 |
983.261.000 |
|
TOTAL
ASSETS |
1.784.213.000 |
1.528.913.000 |
1.642.898.000 |
|
Trade Payables |
306.133.000 |
311.619.000 |
367.958.000 |
|
Bank Liabilities |
0 |
0 |
0 |
|
Group Payables |
203.444.000 |
568.693.000 |
573.574.000 |
|
Miscellaneous Liabilities |
150.352.000 |
92.671.000 |
130.480.000 |
|
TOTAL
CURRENT LIABILITIES |
659.929.000 |
972.983.000 |
1.072.012.000 |
|
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 |
323.479.000 |
364.952.000 |
379.623.000 |
|
TOTAL
LONG TERM LIABILITIES |
|
929.527.000 |
364.952.000 |
379.623.000 |
|
TOTAL
LIABILITIES |
1.589.456.000 |
1.337.935.000 |
1.451.635.000 |
|
|
Called Up Share Capital |
|
100.000 |
100.000 |
100.000 |
|
Share Premium |
0 |
0 |
0 |
|
|
Revenue Reserves |
|
109.637.000 |
105.858.000 |
106.143.000 |
|
Other Reserves |
85.020.000 |
85.020.000 |
85.020.000 |
|
|
TOTAL
SHAREHOLDERS EQUITY |
|
194.757.000 |
190.978.000 |
191.263.000 |
|
|
||||
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Other
Financials |
||||
|
Contingent Liabilities |
|
0 |
0 |
0 |
|
Working Capital |
539.738.000 |
-98.714.000 |
-88.751.000 |
|
|
Net Worth |
|
164.378.000 |
159.150.000 |
153.856.000 |
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Ratios |
||||
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Pre-Tax Profit Margin |
|
4.09 % |
1.86 % |
14.40 % |
|
Return On Capital Employed |
5.04 % |
2.32 % |
18.90 % |
|
|
Return On Total Assets Employed |
|
6.90 % |
3.80 % |
31.23 % |
|
Return On Net Assets Employed |
63.25 % |
30.38 % |
268.29 % |
|
|
Sales/Net Working Capital |
|
5.58 |
-31.65 |
-40.16 |
|
Stock Turnover Ratio |
9.21 % |
12.50 % |
9.89 % |
|
|
Debtor Days |
|
26.70 |
36.08 |
41.92 |
|
Creditor Days |
37.11 |
36.41 |
37.68 |
|
|
Current Ratio |
|
1.82 |
0.90 |
0.92 |
|
Liquidity Ratio/Acid Test |
1.40 |
0.50 |
0.59 |
|
|
Current Debt Ratio |
|
3.39 |
5.09 |
5.60 |
|
Gearing |
314.89 % |
3.78 % |
3.77 % |
|
|
Equity In Percentage |
|
11.29 % |
12.99 % |
12.14 % |
|
Total Debt Ratio |
8.16 |
7.01 |
7.59 |
|
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Main
Address |
||
|
Address |
Country |
Telephone |
|
Box
851, 44485 STENUNGSUND |
SWEDEN |
0303-85000 |
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Other
Address |
|
|
Address |
Country |
|
Horneborgsvagen
13, 89250 |
SWEDEN |
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Marieholmsgatan
70, 41502 |
SWEDEN |
|
Ljungstromsvagen
2, 69275 |
SWEDEN |
|
Spantgatan
2, 29632 |
SWEDEN |
Email Addresses
No information for this company.
Web Pages
www.akzonobel.com/ea
Issued Share Capital 100.000
Current Directors
|
Name |
Appointment Date |
Position |
|
|
Jan Allan Lennart Svard |
05/07/2012 |
Actual
Member of Board |
|
|
Egbert Anton Henstra |
04/08/2010 |
Actual
Member of Board |
|
|
Kent Ake Eriksson |
10/10/2006 |
Actual
Member of Board |
|
|
Lars Magnus Carlsson |
08/09/2014 |
Actual
Member of Board |
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|
Leif Bo Ingemar Gustavsson |
01/07/2009 |
Actual
Member of Board |
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|
Britt Ingegerd Sandberg |
01/11/2003 |
Substitute |
|
|
Mats Lennart Rundblad |
10/10/2006 |
Substitute |
|
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|
|||
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Previous Directors |
|||
|
Name |
Appointment Date |
Position |
Resignation Date |
|
Ann Charlott Margareta Enberg |
04/08/2010 |
Actual
Member of Board |
|
|
Tommy Carl Kenneth Ohlin |
10/10/2006 |
Actual
Member of Board |
|
|
Henstra, Egbert Anton |
01/07/2009 |
Actual
Member of Board |
|
|
Klas Johan Stefan Lif |
01/07/2009 |
Actual
Member of Board |
|
Extended Group Structure
|
Company Name |
Country |
Number |
Latest Annual Accounts |
|
Akzo
Nobel N.V. |
NL |
090078090000 |
31/12/2013 |
|
Akzo
Nobel Sweden Finance AB (publ) |
SE |
5567684062 |
31/12/2013 |
|
Fastiqhets
AB Hammarb Vidbn |
SE |
5568081607 |
31/12/2013 |
|
Anholmen
Fastiqhets AB |
SE |
5562352418 |
31/12/2013 |
|
Akzo
Nobel Aktiebolag |
SE |
5564160967 |
31/12/2013 |
|
Akzo
Nobel Chemicals Holding Aktiebolag |
SE |
5564161007 |
31/12/2013 |
|
Akzo
Nobel International Aktiebolaq |
SE |
5560001629 |
31/12/2013 |
|
Akzo
Nobel Bygglim AB |
SE |
5560261876 |
31/12/2013 |
|
Akzo
Nobel Car Refinishes Aktiebolaq |
SE |
5564160975 |
31/12/2013 |
|
Akzo
Nobel Decorative Coatings AB |
SE |
5561428011 |
31/12/2013 |
|
Nordsib
Butiker AB |
SE |
5560728833 |
31/12/2013 |
|
Akzo
Nobel Functional Chemicals AB |
SE |
5562349398 |
31/12/2013 |
|
Akzo
Nobel Salt AB |
SE |
5561968206 |
31/12/2010 |
|
AKZO
Nobel Industrial Coatings Aktiebolaq |
SE |
5560359993 |
31/12/2013 |
|
Nobel
Coatings Aktiebolaq |
SE |
5560003146 |
31/12/2013 |
|
Akzo
Nobel Industrial Finishes AB |
SE |
5564949641 |
31/12/2013 |
|
Akzo
Nobel Surface Chemistry Aktiebolaq |
SE |
5560138983 |
31/12/2013 |
|
Stenunqsunds
Kemiska Aktiebolaq |
SE |
5560549395 |
31/12/2013 |
|
Carbide
Sweden AB |
SE |
5564161031 |
31/12/2013 |
|
Casco
Adhesives AB |
SE |
5560045311 |
31/12/2013 |
|
Akzo
Nobel Pulp and Performance Chemicals AB |
SE |
5560229972 |
31/12/2013 |
|
Akzo
Nobel Pulp And Performance Chemicals Norway |
NO |
|
|
|
Pt
Akzo Nobel Pulp And Performance Chemicals |
ID |
|
|
|
KemaNord
Kraft Aktiebolag |
SE |
5560131715 |
31/12/2013 |
|
International
Farg Aktiebolaq |
SE |
5564949666 |
31/12/2013 |
|
KemaNord
Aktiebolaq |
SE |
5561084145 |
01/12/2007 |
Other Information
|
||||
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|
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Employee
Information |
||||
|
Year |
Number of Employees |
|||
|
2013 |
400 |
|||
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2012 |
413 |
|
|
|
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2011 |
418 |
|||
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2010 |
407 |
|
|
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2009 |
403 |
|||
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Advisors |
||||
|
Auditor
Name |
Karl
Johan Kratz |
|||
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
|
Event History |
|
|
Event
Date |
Event
Description |
|
07/11/2014 |
Group Structure Change |
|
21/10/2014 |
Group Structure Change |
|
03/10/2014 |
Group Structure Change |
|
19/09/2014 |
Group Structure Change |
|
18/09/2014 |
Group Structure Change |
|
09/09/2014 |
Company representatives, changed |
|
09/09/2014 |
Authorised signatories amended or new/amended vacancy text |
|
02/09/2014 |
Group Structure Change |
|
01/09/2014 |
Group Structure Change |
|
26/08/2014 |
Group Structure Change |
|
14/08/2014 |
Group Structure Change |
|
11/08/2014 |
Group Structure Change |
|
08/08/2014 |
Group Structure Change |
|
29/07/2014 |
Annual account, new |
|
23/07/2014 |
Annual report (PDF), new |
|
10/07/2014 |
Group Structure Change |
|
08/07/2014 |
Group Structure Change |
|
04/03/2014 |
Certificate, registered |
|
04/02/2014 |
Authorised signatories amended or new/amended vacancy text |
|
04/02/2014 |
Company representatives, changed |
|
05/12/2013 |
Certificate, deregistered |
|
18/09/2013 |
Group Structure Change |
|
17/09/2013 |
Group Structure Change |
|
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 |
|
02/08/2013 |
Authorised signatories amended or new/amended vacancy text |
|
02/08/2013 |
Company representatives, changed |
|
31/07/2013 |
Group Structure Change |
|
30/07/2013 |
Group Structure Change |
|
25/07/2013 |
Group Structure Change |
|
22/07/2013 |
Annual account, new |
|
17/07/2013 |
Group Structure Change |
|
03/07/2013 |
Annual report (PDF), new |
|
06/06/2013 |
Group Structure Change |
|
31/05/2013 |
Company representatives, changed |
|
31/05/2013 |
Authorised signatories amended or new/amended vacancy text |
|
12/02/2013 |
Authorised signatories amended or new/amended vacancy text |
|
12/02/2013 |
Company representatives, changed |
|
08/01/2013 |
Certificate, registered |
|
02/10/2012 |
Certificate, deregistered |
|
11/07/2012 |
Authorised signatories amended or new/amended vacancy text |
|
11/07/2012 |
Company representatives, changed |
|
11/07/2012 |
Board, changed |
|
06/07/2012 |
Company representatives, changed |
|
06/07/2012 |
Authorised signatories amended or new/amended vacancy text |
|
06/07/2012 |
Board, changed |
|
19/06/2012 |
Annual account, new |
|
31/05/2012 |
Annual report (PDF), new |
|
14/02/2012 |
Board, changed |
|
14/02/2012 |
Authorised signatories amended or new/amended vacancy text |
|
14/02/2012 |
Company representatives, changed |
|
20/10/2011 |
Certificate, registered |
|
04/10/2011 |
Certificate, deregistered |
|
15/07/2011 |
Authorised signatories amended or new/amended vacancy text |
|
15/07/2011 |
Board, changed |
|
15/07/2011 |
Company representatives, changed |
|
12/07/2011 |
Authorised signatories amended or new/amended vacancy text |
|
12/07/2011 |
Board, changed |
|
12/07/2011 |
Company representatives, changed |
|
07/07/2011 |
Company representatives, changed |
|
07/07/2011 |
Board, changed |
|
07/07/2011 |
Company business activity, changed |
|
07/07/2011 |
Authorised signatories amended or new/amended vacancy text |
|
16/06/2011 |
Annual account, new |
|
10/06/2011 |
Merge information, changed |
|
10/06/2011 |
Status, changed |
|
30/05/2011 |
Annual report (PDF), new |
|
31/03/2011 |
Status, changed |
|
31/03/2011 |
Merge information, changed |
|
29/03/2011 |
Fax number, new |
|
07/02/2011 |
Certificate, deregistered |
|
21/01/2011 |
Board, changed |
|
21/01/2011 |
Company representatives, changed |
|
21/01/2011 |
Authorised signatories amended or new/amended vacancy text |
|
07/09/2010 |
Board, changed |
|
13/08/2010 |
Board, changed |
|
13/08/2010 |
Authorised signatory, changed |
|
05/08/2010 |
Authorised signatory, changed |
|
05/08/2010 |
Board, changed |
|
05/08/2010 |
Company representatives, changed |
|
29/06/2010 |
Annual account, new |
|
04/06/2010 |
Annual report (PDF), new |
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 5
Number of reclaimed/revoked applications 7
Latest Private Claim
Date 14/08/2014
Amount 180 SEK
Creditor Eniro Sverige AB
Comments Decision
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.85 |
|
|
1 |
Rs.97.01 |
|
Euro |
1 |
Rs.77.62 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUM |
|
|
|
|
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.