|
Report Date : |
16.10.2014 |
IDENTIFICATION DETAILS
|
Name : |
CELLMARK
AKTIEBOLAG |
|
|
|
|
Registered Office : |
Box 11927, 40439 Goteborg |
|
|
|
|
Country : |
Sweden |
|
|
|
|
Financials (as on) : |
2012 |
|
|
|
|
Date of Incorporation : |
10.05.1984 |
|
|
|
|
Com. Reg. No.: |
5562442433 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
Subject operates in following six division :- ·
Chemicals division ·
Metals Division ·
Pulp Division ·
Paper Division ·
Recycling Division ·
Packaging Division |
|
|
|
|
No of Employees : |
92 (2012) |
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) |
|
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 |
CellMark
Aktiebolag |
|
Country |
SWEDEN |
|
Company
Registration Number |
5562442433 |
|
Company Status |
Active |
|
Latest Turnover
Figure |
5.245.659.000 |
|
Latest Shareholder
Equity Figure |
829.540.000 |
|
Basic
Information |
|
|
Business Name |
CELLMARK
AKTIEBOLAG |
|
Registered
Company Name |
CELLMARK
AKTIEBOLAG |
|
Company
Registration Number |
5562442433 |
|
Country |
SWEDEN |
|
VAT Registration
Number |
SE556244243301 |
|
Date of Company
Registration |
10/05/1984 |
|
Legal Form |
Limited Liability Company |
|
Company Status |
Active |
|
Currency of this
Report |
SEK |
|
Principal
Activity Description |
Subject operates in following six division :- ·
Chemicals Division ·
Metals Division ·
Pulp Division ·
Paper Division ·
Recycling Division ·
Packaging Division |
|
Contact Address |
Box 11927, 40439 GOTEBORG |
|
Contact
Telephone Number |
031-100300 |
|
Profit and Loss |
|||
|
Financial Year |
2012 |
2011 |
2010 |
|
Number of Weeks |
52 |
52 |
52 |
|
Currency |
SEK |
SEK |
SEK |
|
Consolidated
Accounts |
N |
N |
N |
|
Revenue |
5.317.679.000 |
5.211.767.000 |
5.675.803.000 |
|
Operating Costs |
5.280.821.000 |
5.160.800.000 |
5.619.003.000 |
|
Operating Profit |
36.858.000 |
50.967.000 |
56.800.000 |
|
Wages &
Salaries |
-103.330.000 |
-99.809.000 |
-116.237.000 |
|
Depreciation |
-1.054.000 |
-1.477.000 |
-1.611.000 |
|
Financial Income |
8.993.000 |
13.127.000 |
14.606.000 |
|
Financial
Expenses |
-7.674.000 |
-8.142.000 |
-6.822.000 |
|
Extraordinary
Income |
|||
|
Extraordinary
Costs |
-7.674.000 |
-8.142.000 |
-6.822.000 |
|
Profit before
Tax |
163.311.000 |
265.171.000 |
195.984.000 |
|
Tax |
-9.806.000 |
-14.794.000 |
-20.152.000 |
|
Profit after Tax |
153.505.000 |
250.377.000 |
175.832.000 |
|
Minority
Interests
|
--- |
---- |
--- |
|
Other
Appropriations |
|||
|
Retained Profit |
153.505.000 |
250.377.000 |
175.832.000 |
Balance Sheet
|
Financial Year |
2012 |
2011 |
2010 |
|
Number of Weeks |
52 |
52 |
52 |
|
Currency |
SEK |
SEK |
SEK |
|
Consolidated
Accounts |
N |
N |
N |
|
Land &
Buildings |
0 |
0 |
0 |
|
Plant &
Machinery |
0 |
0 |
0 |
|
Other Tangible
Assets |
4.823.000 |
5.036.000 |
2.001.000 |
|
Total Tangible
Assets |
4.823.000 |
5.036.000 |
2.001.000 |
|
Goodwill |
0 |
0 |
0 |
|
Other Intangible
Assets |
0 |
0 |
458.000 |
|
Total Intangible
Assets |
0 |
0 |
458.000 |
|
Loans To Group |
11.618.000 |
12.346.000 |
12.387.000 |
|
Other Loans |
0 |
0 |
0 |
|
Miscellaneous
Fixed Assets |
480.865.000 |
364.895.000 |
224.418.000 |
|
Total Other
Fixed Assets |
492.483.000 |
377.241.000 |
236.805.000 |
|
TOTAL FIXED
ASSETS |
497.306.000 |
382.277.000 |
239.264.000 |
|
Work In Progress |
0 |
0 |
0 |
|
Other
Inventories |
196.398.000 |
194.124.000 |
143.667.000 |
|
Total
Inventories |
196.398.000 |
194.124.000 |
143.667.000 |
|
Trade
Receivables |
703.953.000 |
652.639.000 |
736.755.000 |
|
Group
Receivables |
847.218.000 |
816.898.000 |
597.907.000 |
|
Miscellaneous
Receivables |
34.208.000 |
51.942.000 |
34.800.000 |
|
Total
Receivables |
1.585.379.000 |
1.521.479.000 |
1.369.462.000 |
|
Cash |
9.239.000 |
34.372.000 |
132.562.000 |
|
Other Current
Assets |
0 |
0 |
0 |
|
TOTAL CURRENT
ASSETS |
1.791.016.000 |
1.749.975.000 |
1.645.691.000 |
|
TOTAL ASSETS |
2.288.322.000 |
2.132.252.000 |
1.884.955.000 |
|
Trade Payables |
769.402.000 |
548.601.000 |
611.204.000 |
|
Bank Liabilities |
240.961.000 |
413.716.000 |
266.351.000 |
|
Group Payables |
324.312.000 |
326.950.000 |
412.474.000 |
|
Miscellaneous
Liabilities |
99.353.000 |
108.503.000 |
117.330.000 |
|
TOTAL CURRENT
LIABILITIES |
1.434.028.000 |
1.397.770.000 |
1.407.359.000 |
|
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 |
24.754.000 |
21.895.000 |
15.386.000 |
|
TOTAL LONG TERM
LIABILITIES |
24.754.000 |
21.895.000 |
15.386.000 |
|
TOTAL
LIABILITIES |
1.458.782.000 |
1.419.665.000 |
1.422.745.000 |
|
Called Up Share
Capital |
9.015.000 |
9.015.000 |
9.015.000 |
|
Share Premium |
40.295.000 |
40.295.000 |
0 |
|
Revenue Reserves |
793.017.000 |
644.947.000 |
492.853.000 |
|
Other Reserves |
-12.787.000 |
18.330.000 |
-39.658.000 |
|
TOTAL
SHAREHOLDERS EQUITY |
829.540.000 |
712.587.000 |
462.210.000 |
|
Other Financials |
|||||||
|
Contingent
Liabilities |
|
702.623.000 |
737.528.000 |
340.100.000 |
|||
|
Working Capital |
356.988.000 |
352.205.000 |
238.332.000 |
||||
|
Net Worth |
|
829.540.000 |
712.587.000 |
461.752.000 |
|||
|
|
|||||||
Ratios
|
|||||||
|
Pre-Tax Profit
Margin |
|
3.07 % |
5.09 % |
3.45 % |
|||
|
Return On
Capital Employed |
4.39 % |
7.51 % |
5.95 % |
||||
|
Return On Total
Assets Employed |
7.14 % |
12.44 % |
10.40 % |
||||
|
Return On Net
Assets Employed |
19.69 % |
37.21 % |
42.40 % |
||||
|
Sales/Net
Working Capital |
14.90 |
14.80 |
23.81 |
||||
|
Stock Turnover
Ratio |
3.69 % |
3.72 % |
2.53 % |
||||
|
Debtor Days |
48.32 |
45.71 |
47.38 |
||||
|
Creditor Days |
52.81 |
38.42 |
39.31 |
||||
|
Current Ratio |
1.25 |
1.25 |
1.17 |
||||
|
Liquidity
Ratio/Acid Test |
1.11 |
1.11 |
1.07 |
||||
|
Current Debt
Ratio |
1.73 |
1.96 |
3.04 |
||||
|
Gearing |
29.05 % |
58.06 % |
57.63 % |
||||
|
Equity In
Percentage |
46.19 % |
40.60 % |
28.05 % |
||||
|
Total Debt Ratio |
1.76 |
1.99 |
3.08 |
||||
|
Main Address |
||||
|
Address |
Country |
Telephone |
||
|
Box 11927, 40439 GOTEBORG |
SWEDEN |
031-100300 |
||
Email Addresses
No information for
this company.
Web Pages
Share Capital
Structure
Issued Share
Capital SEK
9.015.000
|
Current
Directors |
||||
|
Name |
Appointment Date |
Position |
|
|
|
Bror Thomas Hedberg |
05/10/2009 |
Chairman of Board |
|
|
|
Hans Osten Kling |
18/09/2004 |
Actual Member of Board |
||
|
Kerstin Maria Ajax |
05/10/2009 |
Actual Member of Board |
|
|
|
|
||||
|
Previous
Directors |
||||
|
Name |
Appointment Date |
Position |
||
|
Jan Lennart Mueller |
05/10/2009 |
Actual Member of Board |
||
|
Per Waldemar Hultengren |
25/07/2007 |
Actual Member of Board |
|
|
|
Extended Group
Structure |
||||
|
|
Country |
Number |
|
Latest
Annual Accounts |
|
CellMark
Investment AB |
SE |
5567371959 |
|
31/12/2012 |
|
Cellmark
Holding Aktiebolag |
SE |
5564980893 |
|
31/12/2012 |
|
JL
CellMark Aktiebolag |
SE |
5562442433 |
|
31/12/2012 |
|
Cellmark
Papier Sas |
FR |
|
||
|
B C
Holdings Inc |
CA |
|
||
|
646325 B C
Ltd |
CA |
|
||
|
Singapore
Pulp Private Ltd |
SG |
|
||
|
Cellmark
Kimya Tic As |
TR |
|
||
|
Andorra
Holding AB |
SE |
5568651433 |
|
31/12/2012 |
|
Cellmark
Asia Pte Ltd |
SG |
|
||
|
Cellmark
Exports Inc |
US |
|
||
|
Cellmark
Iberica |
ES |
B62345061 |
|
31/12/2012 |
|
Cellmark
Inc |
US |
US12149708 |
|
|
|
Cellmark
Istanbul Seluloz |
TR |
|
||
|
Cellmark
Paper Peru Sri |
PE |
|
||
|
Cellmark
Paper Sa De Cv |
MX |
|
||
|
Cellmark
Recycling Benelux B.V. |
NL |
171000590000 |
|
31/12/2012 |
|
CellMark
SA |
CH |
CHE106718987 |
|
|
|
Cellmark
Uk Limited |
GB |
06048669 |
|
31/12/2012 |
|
Hylte
Converting Aktiebolag |
SE |
5565288924 |
|
31/12/2012 |
|
LU
SICUTECAB |
SE |
5567907216 |
|
31/12/2012 |
|
JL
Worldchem Scandinavia AB |
SE |
5564180361 |
|
31/12/2012 |
|
JL PA
Processing Perstorp AB |
SE |
5560468810 |
|
31/12/2012 |
|
CelltorpAB |
SE |
5560569716 |
|
31/12/2011 |
|
Employee
Information |
||||
|
|
Number of Employees |
|||
|
2012 |
92 |
|||
|
2011 |
89 |
|||
|
2010 |
87 |
|||
|
2009 |
84 |
|||
|
2008 |
82 |
|||
Advisors
|
Auditor Name |
Carl Magnus Gustaf Kollberg |
||
|
Auditor Name |
Ulf Roger Lindesson |
|
|
|
Tax
Registration |
||||
|
Registered for
Tax |
|
Yes |
|
|
|
Registered for VAT |
Yes |
|||
|
Registered for
Employee Tax |
|
Yes |
|
|
Certificates |
||||
|
No certificate information for this
company. |
|
|
|
|
Subject operates in following six division :-
·
Chemicals Division
·
Metals Division
·
Pulp Division
·
Paper Division
·
Recycling Division
·
Packaging Division
|
Event
Date |
Event
Description |
|
19/09/2013 |
Group Structure Change |
|
06/09/2013 |
Group Structure Change |
|
05/09/2013 |
Group Structure Change |
|
30/08/2013 |
Group Structure Change |
|
21/08/2013 |
Annual account, new |
|
21/08/2013 |
Group annual account, new |
|
19/08/2013 |
Group Structure Change |
|
15/08/2013 |
Group Structure Change |
|
27/07/2013 |
Annual report (PDF), new |
|
04/06/2013 |
Certificate, registered |
|
07/05/2013 |
Certificate, deregistered |
|
05/02/2013 |
Certificate, deregistered |
|
06/11/2012 |
Certificate, registered |
|
15/10/2012 |
Group annual account, new |
|
15/10/2012 |
Annual account, new |
|
02/10/2012 |
Certificate, deregistered |
|
10/08/2012 |
Annual report (PDF), new |
|
06/06/2012 |
Certificate, deregistered |
|
27/09/2011 |
Group annual account, new |
|
27/09/2011 |
Annual account, new |
|
16/08/2011 |
Annual report (PDF), new |
|
16/07/2011 |
Board, changed |
|
27/10/2010 |
Company representatives, changed |
|
27/10/2010 |
Authorised signatories amended or
new/amended vacancy text |
|
27/10/2010 |
Board, changed |
|
31/08/2010 |
Annual account, new |
|
13/08/2010 |
Annual report (PDF), new |
|
06/10/2009 |
Authorised signatory, changed |
|
06/10/2009 |
Company representatives, changed |
|
06/10/2009 |
Board, changed |
|
25/08/2009 |
Annual account, new |
|
10/08/2009 |
Annual report (PDF), new |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.11 |
|
|
1 |
Rs.98.15 |
|
Euro |
1 |
Rs.77.68 |
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.