|
Report No. : |
331088 |
|
Report Date : |
11.07.2015 |
IDENTIFICATION DETAILS
|
Name : |
VALMET AKTIEBOLAG |
|
|
|
|
Registered Office : |
85194 Sundsvall |
|
|
|
|
Country : |
Sweden |
|
|
|
|
Financials (as on) : |
2013 |
|
|
|
|
Date of Incorporation : |
02.05.1919 |
|
|
|
|
Com. Reg. No.: |
5560173386 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
Manufacture of Machinery for Paper and Paperboard Production. |
|
|
|
|
No. of Employees : |
1228 |
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 – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
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. Sweden remains outside
the Eurozone 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. Agriculture
accounts for less than 1% of GDP. Economic growth slowed in 2013, as a result
of continued economic weakness in the EU - Sweden’s main export market;
however, Sweden’s economy experienced modest growth in 2014, with an adjusted
real GDP growth that averaged 2.3%. Sweden’s economy is expected to grow
modestly in 2015, although the country continues to struggle with deflationary
pressure.
|
Source
: CIA |
|
Business Name |
Valmet Aktiebolag |
|
Country |
SWEDEN |
|
Company Registration Number |
5560173386 |
|
Activity Code |
28950 |
|
Activity Description |
Manufacture of machinery for paper and paperboard production |
|
Company Status |
Active (Active) |
|
Latest Turnover Figure |
4.240.011.000 SEK |
|
Latest Shareholder Equity Figure |
443.415.000 SEK |
|
Business Name |
Valmet Aktiebolag |
|
Registered Company Name |
Valmet Aktiebolag |
|
Company Registration Number |
5560173386 |
|
|
SWEDEN |
|
VAT Registration Number |
SE556017338601 |
|
Date of Company Registration |
02/05/1919 |
|
Legal Form |
Limited liability company |
|
Company Status |
Active (Active) |
|
Currency of this Report |
SEK |
|
Principal Activity Code |
No code |
|
Principal Activity Description |
The Company shall conduct the development, design, manufacture and
marketing of processes, equipment and machinery for the production of
chemical and mechanical pulp, tissue paper (tissue) and fiberboard, energy
conversion facilities. |
|
Contact Address |
85194 SUNDSVALL |
|
Contact Telephone Number |
060-165000 |
|
Address |
85194 SUNDSVALL |
|
Country |
SWEDEN |
|
Telephone |
060-165000 |
|
Address |
Country |
|
Address |
Knud Dahls Väg 1, 65230 |
|
Country |
SWEDEN |
|
Address |
Kolargatan 2, 78468 |
|
Country |
SWEDEN |
|
Address |
Vretenvägen 6A, 17154 |
|
Country |
SWEDEN |
|
Address |
Axel Johnsons Väg 6, 65221 |
|
Country |
SWEDEN |
|
Address |
Regnbågsgatan 6, 41755 |
|
Country |
SWEDEN |
|
Address |
Industrigatan 14, 80283 |
|
Country |
SWEDEN |
|
Address |
Hagfors Järnverks Industriområde, 68333 |
|
Country |
SWEDEN |
|
Activity Code |
Activity Description |
|
28950 |
Manufacture of machinery for paper and paperboard production |
|
28990 |
Manufacture of other special-purpose machinery n.e.c. |
|
70100 |
Activities of head offices |
|
33110 |
Repair of fabricated metal products |
|
33120 |
Repair of machinery |
|
Year |
Number of
Employees |
|
2013 |
1228 |
|
2012 |
658 |
|
2011 |
698 |
|
2010 |
552 |
|
2009 |
669 |
|
Auditor Name |
Öhrlings PricewaterhouseCoopers 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 |
28950 |
|
Activity Description |
Manufacture of machinery for paper and paperboard production |
|
Industry Average Credit Rating |
81 (1 - 100) |
|
Industry Average Credit Limit |
3.784.000 |
|
Event Date |
Event Description |
|
02/06/2015 |
Certificate, registered |
|
09/01/2015 |
Authorised signatories amended or new/amended vacancy text |
|
09/01/2015 |
Company representatives, changed |
|
03/01/2015 |
Company business activity, changed |
|
03/01/2015 |
Merge information, changed |
|
03/01/2015 |
Status, changed |
|
03/01/2015 |
Company representatives, changed |
|
03/01/2015 |
Authorised signatories amended or new/amended vacancy text |
|
06/12/2014 |
Merge information, changed |
|
01/10/2014 |
Status, changed |
|
30/09/2014 |
Certificate, deregistered |
|
30/09/2014 |
Group Structure Change |
|
11/09/2014 |
Group Structure Change |
|
18/08/2014 |
Group Structure Change |
|
08/08/2014 |
Group Structure Change |
|
06/08/2014 |
Group Structure Change |
|
10/07/2014 |
Authorised signatories amended or new/amended vacancy text |
|
10/07/2014 |
Company representatives, changed |
|
10/07/2014 |
Company business activity, changed |
|
01/07/2014 |
Group Structure Change |
|
24/06/2014 |
Group annual accout, new |
|
24/06/2014 |
Annual account, new |
|
17/06/2014 |
Annual report (PDF), new |
|
16/05/2014 |
Group Structure Change |
|
08/01/2014 |
Certificate, deregistered |
|
07/01/2014 |
Group Structure Change |
|
03/01/2014 |
Company name, changed (old name: Metso Paper Sweden Aktiebolag) |
|
22/11/2013 |
Authorised signatories amended or new/amended vacancy text |
|
22/11/2013 |
Company representatives, changed |
|
04/11/2013 |
Group Structure Change |
|
01/11/2013 |
Annual account, new |
|
Event Date |
Event
Description |
|
01/11/2013 |
Group annual accout, new |
|
28/10/2013 |
Annual report (PDF), new |
|
18/09/2013 |
Group Structure Change |
|
21/08/2013 |
Group Structure Change |
|
16/08/2013 |
Group Structure Change |
|
07/08/2013 |
Group Structure Change |
|
17/07/2013 |
Group Structure Change |
|
13/06/2013 |
Group Structure Change |
|
13/06/2013 |
Annual report (PDF), new |
|
12/06/2013 |
Group Structure Change |
|
10/06/2013 |
Annual account, new |
|
10/06/2013 |
Group annual accout, new |
|
11/01/2013 |
Company representatives, changed |
|
11/01/2013 |
Authorised signatories amended or new/amended vacancy text |
|
05/01/2013 |
Authorised signatories amended or new/amended vacancy text |
|
05/01/2013 |
Company representatives, changed |
|
03/01/2013 |
Status, changed |
|
03/01/2013 |
Authorised signatories amended or new/amended vacancy text |
|
01/10/2012 |
Status, changed |
|
21/06/2012 |
Board, changed |
|
21/06/2012 |
Company representatives, changed |
|
10/05/2012 |
Annual account, new |
|
10/05/2012 |
Group annual accout, new |
|
07/05/2012 |
Annual report (PDF), new |
|
01/11/2011 |
Limit, increase |
|
01/11/2011 |
Company representatives, changed |
|
01/11/2011 |
Authorised signatories amended or new/amended vacancy text |
|
01/11/2011 |
Board, changed |
|
06/09/2011 |
Certificate, registered |
|
16/08/2011 |
Board, changed |
|
16/08/2011 |
Authorised signatories amended or new/amended vacancy text |
|
16/08/2011 |
Company representatives, changed |
|
21/06/2011 |
Board, changed |
|
21/06/2011 |
Company representatives, changed |
|
21/06/2011 |
Authorised signatories amended or new/amended vacancy text |
|
19/05/2011 |
Authorised signatories amended or new/amended vacancy text |
|
19/05/2011 |
Company representatives, changed |
|
19/05/2011 |
Board, changed |
|
12/05/2011 |
Annual account, new |
|
12/05/2011 |
Group annual accout, new |
|
09/05/2011 |
Annual report (PDF), new |
|
29/03/2011 |
Fax number, new |
|
11/03/2011 |
Board, changed |
|
11/03/2011 |
Company representatives, changed |
|
Event Date |
Event
Description |
|
11/03/2011 |
Authorised signatories amended or new/amended vacancy text |
|
11/03/2011 |
Limit, decrease |
|
10/03/2011 |
Board, changed |
|
10/03/2011 |
Company representatives, changed |
|
10/03/2011 |
Authorised signatories amended or new/amended vacancy text |
|
04/01/2011 |
Status, changed |
|
04/01/2011 |
Authorised signatories amended or new/amended vacancy text |
|
04/01/2011 |
Board, changed |
|
04/01/2011 |
Company name, changed (old name: Metso Paper Sweden Aktiebolag) |
|
04/01/2011 |
Merge information, changed |
|
04/01/2011 |
Company representatives, changed |
|
04/01/2011 |
Company business activity, changed |
|
13/10/2010 |
Merge information, changed |
|
13/10/2010 |
Status, changed |
|
Date |
02/01/2015 |
|
Event Description |
Merger cessation |
|
|
|
|
Date |
02/01/2015 |
|
Event Description |
Merger cessation |
|
|
|
|
Date |
02/01/2015 |
|
Event Description |
Merger cessation |
|
Financial Year |
2013 |
2012 |
2011 |
|
Number of Weeks |
52 |
52 |
52 |
|
Currency |
SEK |
SEK |
SEK |
|
Consolidated
Accounts |
No |
No |
No |
|
Revenue |
4.278.248.000 |
2.904.357.000 |
3.600.437.000 |
|
Operating Costs |
4.034.387.000 |
2.715.486.000 |
3.434.731.000 |
|
Operating Profit |
243.861.000 |
188.871.000 |
165.706.000 |
|
Financial Income |
10.510.000 |
15.463.000 |
17.514.000 |
|
Financial Expenses |
-16.483.000 |
-15.913.000 |
-17.597.000 |
|
Extraordinary Income |
- |
- |
- |
|
Extraordinary Costs |
- |
- |
- |
|
Profit before Tax |
317.476.000 |
233.906.000 |
218.723.000 |
|
Tax |
-11.970.000 |
-10.246.000 |
-44.273.000 |
|
Profit after Tax |
305.506.000 |
223.660.000 |
174.450.000 |
|
Minority Interests |
- |
- |
- |
|
Other Appropriations |
-227.683.000 |
-186.788.000 |
-410.000 |
|
Retained Profit |
77.823.000 |
36.872.000 |
174.040.000 |
|
Financial Year |
2013 |
2012 |
2011 |
|
Number of Weeks |
52 |
52 |
52 |
|
Currency |
SEK |
SEK |
SEK |
|
Consolidated
Accounts |
No |
No |
No |
|
Land & Buildings |
157.345.000 |
79.711.000 |
86.157.000 |
|
Plant & Machinery |
140.560.000 |
96.790.000 |
102.988.000 |
|
Other Tangible Assets |
61.547.000 |
39.589.000 |
39.153.000 |
|
Total Tangible Assets |
359.452.000 |
216.090.000 |
228.298.000 |
|
Goodwill |
380.000 |
1.350.000 |
2.520.000 |
|
Other Intangible Assets |
42.136.000 |
93.000 |
119.000 |
|
Total Intangible Assets |
42.516.000 |
1.443.000 |
2.639.000 |
|
Loans To Group |
- |
- |
- |
|
Other Loans |
- |
- |
- |
|
Miscellaneous Fixed Assets |
145.686.000 |
235.155.000 |
145.832.000 |
|
Total Other Fixed Assets |
145.686.000 |
235.155.000 |
145.832.000 |
|
TOTAL FIXED ASSETS |
547.654.000 |
452.688.000 |
376.769.000 |
|
Work In Progress |
622.897.000 |
659.353.000 |
537.969.000 |
|
Other Inventories |
191.481.000 |
186.023.000 |
195.058.000 |
|
Total Inventories |
814.378.000 |
845.376.000 |
733.027.000 |
|
Trade Receivables |
549.764.000 |
302.312.000 |
517.083.000 |
|
Group Receivables |
1.134.282.000 |
1.029.612.000 |
1.237.763.000 |
|
Miscellaneous Receivables |
483.154.000 |
246.402.000 |
329.721.000 |
|
Total Receivables |
2.167.200.000 |
1.578.326.000 |
2.084.567.000 |
|
Cash |
2.587.000 |
631.000 |
1.298.000 |
|
Other Current Assets |
- |
- |
- |
|
TOTAL CURRENT ASSETS |
2.984.165.000 |
2.424.333.000 |
2.818.892.000 |
|
TOTAL ASSETS |
3.531.819.000 |
2.877.021.000 |
3.195.661.000 |
|
Trade Payables |
282.665.000 |
100.057.000 |
158.471.000 |
|
Bank Liabilities |
- |
- |
- |
|
Group Payables |
319.566.000 |
333.898.000 |
237.814.000 |
|
Miscellaneous Liabilities |
1.826.096.000 |
1.391.444.000 |
1.616.209.000 |
|
TOTAL CURRENT LIABILITIES |
2.428.327.000 |
1.825.399.000 |
2.012.494.000 |
|
Bank Liabilities Due After 1 Year |
- |
- |
- |
|
Other Loans Or Finance Due After 1 Year |
- |
- |
- |
|
Group Payables Due After 1 Year |
- |
- |
- |
|
Miscellaneous Liabilities Due After 1 Year |
660.077.000 |
579.888.000 |
610.805.000 |
|
TOTAL LONG TERM LIABILITIES |
660.077.000 |
579.888.000 |
610.805.000 |
|
TOTAL LIABILITIES |
3.088.404.000 |
2.405.287.000 |
2.623.299.000 |
|
Called Up Share Capital |
80.000.000 |
80.000.000 |
80.000.000 |
|
Share Premium |
- |
- |
- |
|
Revenue Reserves |
240.915.000 |
269.234.000 |
398.250.000 |
|
Other Reserves |
122.500.000 |
122.500.000 |
94.112.000 |
|
TOTAL SHAREHOLDERS EQUITY |
443.415.000 |
471.734.000 |
572.362.000 |
|
Contingent Liabilities |
10.231.000 |
14.644.000 |
17.344.000 |
|
Working Capital |
555.838.000 |
598.934.000 |
806.398.000 |
|
Net Worth |
400.899.000 |
470.291.000 |
569.723.000 |
|
Pre-Tax Profit Margin |
7.42 % |
8.05 % |
6.07 % |
|
Return On Capital Employed |
5.33 % |
4.97 % |
4.20 % |
|
Return On Total Assets Employed |
8.99 % |
8.13 % |
6.84 % |
|
Return On Net Assets Employed |
71.60 % |
49.58 % |
38.21 % |
|
Sales/Net Working Capital |
7.70 |
4.85 |
4.46 |
|
Stock Turnover Ratio |
19.04 % |
29.11 % |
20.36 % |
|
Debtor Days |
46.90 |
37.99 |
52.42 |
|
Creditor Days |
24.12 |
12.57 |
16.07 |
|
Current Ratio |
1.23 |
1.33 |
1.40 |
|
Liquidity Ratio/Acid Test |
0.89 |
0.86 |
1.04 |
|
Current Debt Ratio |
5.48 |
3.87 |
3.52 |
|
Gearing |
0 |
0 |
0 |
|
Equity In Percentage |
13.26 % |
17.87 % |
18.78 % |
|
Total Debt Ratio |
6.97 |
5.10 |
4.58 |
|
Issued Share Capital |
80.000.100 SEK |
No shareholders data for this company.
|
Name |
Appointment Date |
Position |
|
Laine, Pasi Kalevi |
09/07/2014 |
Actual Member of Board |
|
Jörgen Michael Nilsson |
21/11/2013 |
Actual Member of Board |
|
Honkasalo, Markku Juhani |
09/07/2014 |
Actual Member of Board |
|
Oksala, Rasmus Sebastian |
09/07/2014 |
Actual Member of Board |
|
Bo Anders Michael Östlund |
02/01/2015 |
Actual Member of Board |
|
Erik Valter Kornfeld |
02/01/2015 |
Actual Member of Board |
|
Hans Roland Johansson |
02/01/2015 |
Actual Member of Board |
|
Karl Stefan Mattsson |
09/07/2014 |
Actual Member of Board |
|
Lars Ove Asp |
09/07/2014 |
Actual Member of Board |
|
Sven Fredrik Tomas Pontén |
21/11/2013 |
Actual Member of Board |
|
Ulf Mikael Nyman |
04/01/2013 |
Actual Member of Board |
|
Bill Lennart Svensson |
02/01/2015 |
Substitute |
|
Claes Mikael Andersson |
02/01/2015 |
Substitute |
|
Karl Peter Melander |
02/06/2010 |
Substitute |
|
Kerstin Linda Helena Larsdotter Jarl |
02/01/2015 |
Substitute |
|
Name |
Appointment Date |
Position |
Resignation Date |
|
Claes Mikael Andersson |
04/01/2013 |
Actual Member of Board |
02/01/2015 |
|
Per Anders Björn |
04/01/2013 |
Actual Member of Board |
02/01/2015 |
|
Hans Roger Olov Svenneryd |
21/11/2013 |
Actual Member of Board |
02/01/2015 |
|
Jan Åke Gustavsson |
04/01/2013 |
Substitute |
02/01/2015 |
|
Erik Valter Kornfeld |
03/01/2011 |
Substitute |
02/01/2015 |
|
Bo Anders Michael Östlund |
04/01/2013 |
Substitute |
02/01/2015 |
|
Lars Olov Dahlqvist |
09/07/2014 |
External Signatory |
02/01/2015 |
|
Saarinen, Kari Juhani |
31/10/2011 |
Actual Member of Board |
09/07/2014 |
|
Mats Robert Johansson |
04/01/2013 |
Substitute |
09/07/2014 |
|
Rolf Robert Lindelöf |
03/01/2011 |
Actual Member of Board |
21/11/2013 |
|
Bo Anders Sandström |
11/05/2010 |
Actual Member of Board |
21/11/2013 |
|
Per Åke Färnstrand |
29/03/2007 |
Actual Member of Board |
31/10/2011 |
|
Nikunen, Harri Lassi Juhani |
03/01/2011 |
Actual Member of Board |
31/10/2011 |
|
Pär Erik Anders Larsson |
03/01/2011 |
Substitute |
10/03/2011 |
|
Jan Inge Nordin |
21/07/1999 |
Actual Member of Board |
03/01/2011 |
|
Nils Stefan Blom |
30/06/2009 |
Substitute |
03/01/2011 |
|
Ulf Henrik Hellberg |
11/05/2010 |
Substitute |
03/01/2011 |
|
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 |
1 |
|
Number Of Applications |
3 |
|
Number Of Revoked Applications |
31 |
|
|
|
|
Latest Public
Claim |
|
|
No Latest Public Claim for this company. |
|
|
|
|
|
Latest Private
Claim |
|
|
Date |
2013-07-03 |
|
Amount |
11269 (SEK) |
|
Currency |
SEK |
|
Creditor |
TOOLS Sverige AB |
|
Comments |
Decision |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.38 |
|
|
1 |
Rs.97.65 |
|
Euro |
1 |
Rs.70.43 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
NIT |
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 |
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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.