|
Report No. : |
318612 |
|
Report Date : |
23.04.2015 |
IDENTIFICATION DETAILS
|
Name : |
UDDEHOLMS AB |
|
|
|
|
Registered Office : |
68385 Hagfors |
|
|
|
|
Country : |
Sweden |
|
|
|
|
Financials (as on) : |
2014 |
|
|
|
|
Date of Incorporation : |
19.11.1945 |
|
|
|
|
Com. Reg. No.: |
5560462755 |
|
|
|
|
Legal Form : |
Limited liability company |
|
|
|
|
Line of Business : |
|
|
|
|
|
No. of Employee : |
822 |
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 : |
Good |
|
|
|
|
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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
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. In September 2003, Swedish voters voted against a referendum on euro zone entry because of concerns with the impact on the country’s economy, welfare system 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; the engineering sector accounts for about 50% of output and exports. Agriculture accounts for little more than 1% of GDP and employment. Until 2008, Sweden was in the midst of a sustained economic upswing, boosted by increased domestic demand and strong exports. Despite sound public finances, the Swedish economy slid into recession in the third quarter of 2008 and the contraction continued into 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 slowed in 2013, as a result of continued economic weakness in the EU - Sweden’s main export market – and remained weak in 2014.
|
Source
: CIA |
|
Business Name |
UDDEHOLMS AB |
|
Country |
SWEDEN |
|
Company Registration Number |
5560462755 |
|
Activity Code |
24100 |
|
Activity Description |
Manufacture of basic iron and steel and of ferro-alloys |
|
Company Status |
Active (Active) |
|
Latest Turnover Figure |
2.161.925.000 SEK |
|
Latest Shareholder Equity Figure |
655.825.000 SEK |
|
Business Name |
Uddeholms AB |
|
Registered Company Name |
Uddeholms AB |
|
Company Registration Number |
5560462755 |
|
Country |
SWEDEN |
|
VAT Registration Number |
SE556046275501 |
|
Date of Company Registration |
19/11/1945 |
|
Legal Form |
Limited liability company |
|
Company Status |
Active (Active) |
|
Currency of this Report |
SEK |
|
Principal Activity Code |
No code |
|
Principal Activity Description |
Object of the company is to push the steel and engineering operations and to exercise other compatible |
|
|
verksamhet. |
|
Contact Address |
68385 HAGFORS |
|
Contact Telephone Number |
0563-17000 |
|
Address |
Country |
Telephone |
|
68385 HAGFORS |
SWEDEN |
0563-17000 |
|
Address |
Country |
|
Kilsta Industriområde, 69137 |
SWEDEN |
|
25500 |
Forging, pressing, stamping and roll-forming of metal, powder
metallurgy |
|
Activity Code |
Activity
Description |
|
24100 |
Manufacture of basic iron and steel and of ferro-alloys |
|
46720 |
Wholesale of metals and metal ores |
|
25500 |
Forging, pressing, stamping and roll-forming of metal, powder metallurgy |
No websites for this company
|
Year |
Number of Employees |
|
2014 |
822 |
|
2013 |
850 |
|
2012 |
871 |
|
2011 |
904 |
|
2010 |
828 |
|
Auditor Name |
KPMG AB |
|
Registered for FTax |
Yes |
|
Registered for VAT |
Yes |
|
Registered for Employee Tax |
Yes |
|
Type |
Category |
Issuer |
|
No certificate information for this company |
|
|
|
Activity Code |
24100 |
|
Activity Description |
Manufacture of basic iron and steel and of ferro-alloys |
|
Industry Average Credit Rating |
85 (1 - 100) |
|
Industry Average Credit Limit |
32.092.000 |
|
Event Date |
Event
Description |
|
01/04/2015 |
Company representatives, changed |
|
01/04/2015 |
Authorised signatories amended or new/amended vacancy text |
|
06/01/2015 |
Certificate, registered |
|
01/12/2014 |
Group Structure Change |
|
14/11/2014 |
Group Structure Change |
|
13/11/2014 |
Annual account, new |
|
13/11/2014 |
Group annual accout, new |
|
06/11/2014 |
Annual report (PDF), new |
|
05/11/2014 |
Group Structure Change |
|
14/10/2014 |
Fax number, removed |
|
14/07/2014 |
Group Structure Change |
|
24/05/2014 |
Authorised signatories amended or new/amended vacancy text |
|
24/05/2014 |
Company representatives, changed |
|
01/01/2014 |
Company representatives, changed |
|
01/01/2014 |
Authorised signatories amended or new/amended vacancy text |
|
05/12/2013 |
Certificate, registered |
|
11/10/2013 |
Group Structure Change |
|
10/10/2013 |
Annual account, new |
|
10/10/2013 |
Group annual accout, new |
|
04/10/2013 |
Annual report (PDF), new |
|
03/10/2013 |
Group Structure Change |
|
23/11/2012 |
Annual account, new |
|
23/11/2012 |
Group annual accout, new |
|
21/11/2012 |
Annual report (PDF), new |
|
14/11/2012 |
Annual report (PDF), new |
|
02/10/2012 |
Certificate, registered |
|
05/09/2012 |
Company representatives, changed |
|
05/09/2012 |
Authorised signatories amended or new/amended vacancy text |
|
06/04/2012 |
Board, changed |
|
06/04/2012 |
Authorised signatories amended or new/amended vacancy text |
|
06/04/2012 |
Company representatives, changed |
|
31/01/2012 |
Certificate, deregistered |
|
17/12/2011 |
Company representatives, changed |
|
17/12/2011 |
Authorised signatories amended or new/amended vacancy text |
|
17/12/2011 |
Board, changed |
|
22/11/2011 |
Company representatives, changed |
|
22/11/2011 |
Board, changed |
|
22/11/2011 |
Authorised signatories amended or new/amended vacancy text |
|
09/11/2011 |
Annual account, new |
|
08/11/2011 |
Annual report (PDF), new |
|
07/11/2011 |
Group annual accout, new |
|
07/11/2011 |
Annual account, new |
|
31/10/2011 |
Annual report (PDF), new |
|
29/03/2011 |
Fax number, new |
|
29/03/2011 |
Phone number, new |
|
26/01/2011 |
Company representatives, changed |
|
26/01/2011 |
Board, changed |
|
26/01/2011 |
Authorised signatories amended or new/amended vacancy text |
|
30/11/2010 |
Annual account, new |
|
26/11/2010 |
Annual report (PDF), new |
|
24/11/2010 |
Group annual accout, new |
|
24/11/2010 |
Annual account, new |
|
19/11/2010 |
Company representatives, changed |
|
19/11/2010 |
Board, changed |
|
19/11/2010 |
Authorised signatories amended or new/amended vacancy text |
|
17/11/2010 |
Annual report (PDF), new |
|
25/05/2010 |
Merge information, changed |
|
25/05/2010 |
Status, changed |
No status history events for this company
|
Financial Year |
2014 |
2013 |
2012 |
|
Number of Weeks |
52 |
52 |
52 |
|
Currency |
SEK |
SEK |
SEK |
|
Consolidated Accounts |
No |
No |
No |
|
Revenue |
2.223.374.000 |
2.255.633.000 |
2.436.654.000 |
|
Operating Costs |
2.039.690.000 |
2.142.155.000 |
2.297.116.000 |
|
Operating Profit |
183.684.000 |
113.478.000 |
139.538.000 |
|
Financial Income |
444.000 |
486.000 |
822.000 |
|
Financial Expenses |
-8.204.000 |
-8.717.000 |
-10.549.000 |
|
Extraordinary Income |
0 |
0 |
0 |
|
Extraordinary Costs |
0 |
0 |
0 |
|
Profit before Tax |
175.924.000 |
105.247.000 |
129.785.000 |
|
Tax |
-36.445.000 |
-9.721.000 |
-1.388.000 |
|
Profit after Tax |
139.479.000 |
95.526.000 |
128.397.000 |
|
Minority Interests |
0 |
0 |
0 |
|
Other Appropriations |
-8.301.000 |
-45.720.000 |
-11.170.000 |
|
Retained Profit |
131.178.000 |
49.806.000 |
117.227.000 |
|
Financial Year |
2014 |
2013 |
2012 |
|
Number of Weeks |
52 |
52 |
52 |
|
Currency |
SEK |
SEK |
SEK |
|
Consolidated Accounts |
No |
No |
No |
|
Land & Buildings |
89.014.000 |
96.526.000 |
101.874.000 |
|
Plant & Machinery |
599.789.000 |
616.580.000 |
565.849.000 |
|
Other Tangible Assets |
171.540.000 |
150.743.000 |
179.208.000 |
|
Total Tangible Assets |
860.343.000 |
863.849.000 |
846.931.000 |
|
Goodwill |
0 |
0 |
0 |
|
Other Intangible Assets |
0 |
0 |
0 |
|
Total Intangible Assets |
0 |
0 |
0 |
|
Loans To Group |
0 |
0 |
0 |
|
Other Loans |
0 |
0 |
0 |
|
Miscellaneous Fixed Assets |
1.342.000 |
1.342.000 |
8.342.000 |
|
Total Other Fixed Assets |
1.342.000 |
1.342.000 |
8.342.000 |
|
TOTAL FIXED ASSETS |
861.685.000 |
865.191.000 |
855.273.000 |
|
Work In Progress |
0 |
0 |
0 |
|
Other Inventories |
655.416.000 |
706.085.000 |
701.216.000 |
|
Total Inventories |
655.416.000 |
706.085.000 |
701.216.000 |
|
Trade Receivables |
49.463.000 |
56.566.000 |
67.726.000 |
|
Group Receivables |
614.193.000 |
500.559.000 |
557.288.000 |
|
Miscellaneous Receivables |
31.547.000 |
27.961.000 |
26.492.000 |
|
Total Receivables |
695.203.000 |
585.086.000 |
651.506.000 |
|
Cash |
1.427.000 |
1.461.000 |
4.116.000 |
|
Other Current Assets |
0 |
0 |
0 |
|
TOTAL CURRENT ASSETS |
1.352.046.000 |
1.292.632.000 |
1.356.838.000 |
|
TOTAL ASSETS |
2.213.731.000 |
2.157.823.000 |
2.212.111.000 |
|
Trade Payables |
211.757.000 |
234.353.000 |
223.205.000 |
|
Bank Liabilities |
0 |
0 |
0 |
|
Group Payables |
30.584.000 |
24.186.000 |
36.785.000 |
|
Miscellaneous Liabilities |
162.719.000 |
131.552.000 |
157.846.000 |
|
TOTAL CURRENT LIABILITIES |
405.060.000 |
390.091.000 |
417.836.000 |
|
Bank Liabilities Due After 1 Year |
30.133.000 |
60.267.000 |
60.267.000 |
|
Other Loans Or Finance Due After 1 Year |
0 |
0 |
0 |
|
Group Payables Due After 1 Year |
374.223.000 |
374.223.000 |
374.223.000 |
|
Miscellaneous Liabilities Due After 1 Year |
748.490.000 |
738.345.000 |
693.481.000 |
|
TOTAL LONG TERM LIABILITIES |
1.152.846.000 |
1.172.835.000 |
1.127.971.000 |
|
TOTAL LIABILITIES |
1.557.906.000 |
1.562.926.000 |
1.545.807.000 |
|
Called Up Share Capital |
90.000.000 |
90.000.000 |
90.000.000 |
|
Share Premium |
0 |
0 |
0 |
|
Revenue Reserves |
546.075.000 |
491.110.000 |
556.304.000 |
|
Other Reserves |
19.750.000 |
13.787.000 |
20.000.000 |
|
TOTAL SHAREHOLDERS EQUITY |
655.825.000 |
594.897.000 |
666.304.000 |
|
|
|
|
|
|
Contingent Liabilities |
218.813.000 |
224.277.000 |
241.250.000 |
|
Working Capital |
946.986.000 |
902.541.000 |
939.002.000 |
|
Net Worth |
655.825.000 |
594.897.000 |
666.304.000 |
|
|
|
|
|
|
Pre-Tax Profit Margin |
7.91 % |
4.67 % |
5.33 % |
|
Return On Capital Employed |
6.72 % |
4.13 % |
4.93 % |
|
Return On Total Assets Employed |
7.95 % |
4.88 % |
5.87 % |
|
Return On Net Assets Employed |
26.82 % |
17.69 % |
19.48 % |
|
Sales/Net Working Capital |
2.35 |
2.50 |
2.59 |
|
Stock Turnover Ratio |
29.48 % |
31.30 % |
28.78 % |
|
Debtor Days |
8.12 |
9.15 |
10.15 |
|
Creditor Days |
34.76 |
37.92 |
33.44 |
|
Current Ratio |
3.34 |
3.31 |
3.25 |
|
Liquidity Ratio/Acid Test |
1.72 |
1.50 |
1.57 |
|
Current Debt Ratio |
0.62 |
0.66 |
0.63 |
|
Gearing |
61.78 % |
73.17 % |
65.33 % |
|
Equity In Percentage |
29.64 % |
27.59 % |
30.23 % |
|
Total Debt Ratio |
2.38 |
2.63 |
2.32 |
|
Issued Share Capital |
90.000.000 SEK |
No shareholders data for this company.
|
Name |
Appointment Date |
Position |
|
|
Bauer, Robert |
19/11/2011 |
|
Chairman of Board |
|
Nöbauer, Reinhard |
18/11/2010 |
|
Actual Member of Board |
|
Potzinger, Markus |
30/12/2013 |
|
Actual Member of Board |
|
Rotter, Franz |
08/12/2009 |
|
Actual Member of Board |
|
Jonas Erik Falk |
03/11/1997 |
|
Actual Member of Board |
|
Per Olov Ronacher |
05/04/2012 |
|
Actual Member of Board |
|
Jan Börje Tomas Bergqvist |
05/04/2012 |
Substitute |
|
|
Karin Maria Steneholm |
14/08/2007 |
Substitute |
|
Previous
Directors
|
|||
|
Name |
Appointment Date |
Position |
Resignation Date |
|
Dan Gunnar Jörgen Ekström |
17/06/1992 |
Actual Member of Board |
31/03/2015 |
|
Königslehner, Horst |
31/10/2003 |
Foreign Resident in the EEA |
30/12/2013 |
|
Hans-Olov Stöllman |
28/01/2008 |
Actual Member of Board |
05/04/2012 |
|
Per Göran Haglund |
28/01/2008 |
Substitute |
05/04/2012 |
|
Emmerich, Wolfgang |
18/11/2010 |
Actual Member of Board |
16/12/2011 |
|
Rotter, Franz |
15/04/2010 |
Chairman of Board |
19/11/2011 |
|
Raidl, Claus J |
31/10/2003 |
Foreign Resident in the EEA |
25/01/2011 |
|
Haider, Karl |
08/12/2009 |
Actual Member of Board |
18/11/2010 |
|
|
|
|
Debt Balance |
|
|
Currency |
SEK |
|
Number Of Private Claims |
0 |
|
Balance Of Private Claims |
0 |
|
Number Of Public Claims |
0 |
|
Balance Of Public Claims |
0 |
|
Total Balance |
0 |
|
Record of Non Payment |
|
|
Number Of Distraint Or Repossessions |
0 |
|
Number Of Public Claims |
0 |
|
Number Of Private Claims |
0 |
|
Number Of Applications |
0 |
|
Number Of Revoked Applications |
0 |
No Latest Public Claim for this company.
No Latest Private Claim for this company.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.82 |
|
|
1 |
Rs.93.85 |
|
Euro |
1 |
Rs.67.59 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
ANK |
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.