|
Report No. : |
333884 |
|
Report Date : |
27.07.2015 |
IDENTIFICATION DETAILS
|
Name : |
OUTOKUMPU STAINLESS AB |
|
|
|
|
Registered Office : |
Box 16377, 10327 Stockholm |
|
|
|
|
Country : |
Sweden |
|
|
|
|
Financials (as on) : |
2013 |
|
|
|
|
Date of Incorporation : |
17.01.1898 |
|
|
|
|
Com. Reg. No.: |
5560018748 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
Manufacture of Basic Iron and Steel and of Ferro-Alloys |
|
|
|
|
No. of Employees : |
1859 [2013] |
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 – 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 |
Outokumpu Stainless AB |
|
Country |
SWEDEN |
|
Company Registration Number |
5560018748 |
|
Activity Code |
24100 |
|
Activity Description |
Manufacture of Basic Iron and Steel and of Ferro-Alloys |
|
Company Status |
Active (Active) |
|
Latest Turnover Figure |
8.658.000.000 SEK |
|
Latest Shareholder Equity Figure |
2.059.000.000 SEK |
|
|
|
Basic
Information
|
|
|
Business Name |
Outokumpu Stainless AB |
|
Registered Company Name |
Outokumpu Stainless AB |
|
Company Registration Number |
5560018748 |
|
Country |
SWEDEN |
|
VAT Registration Number |
SE556001874801 |
|
Date of Company Registration |
17/01/1898 |
|
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, directly or through holdings of shares och'eller participations in other
companies - produce, develop, sell, and distribute stainless steel products
and nickel-based alloys and conduct related business. |
|
Contact Address |
Box 16377, 10327 Stockholm |
|
Contact Telephone Number |
0226-81000 |
|
|
|
Main
Address
|
|
|
Address |
Box 16377, 10327 STOCKHOLM |
|
Country |
SWEDEN |
|
Telephone |
0226-81000 |
|
Address |
Country |
|
Address |
Koppardalsvägen 65, 77441 |
|
Country |
SWEDEN |
|
Address |
Bergsnäsgatan 11 JERNVERKET, 77441 |
|
Country |
SWEDEN |
|
Address |
Klarabergsviadukten 63 WATERFRONT BUILDING, 11164 |
|
Country |
SWEDEN |
|
Address |
Nybyvägen, 64431 |
|
Country |
SWEDEN |
|
Address |
Industrigatan 4, 69335 |
|
Country |
SWEDEN |
|
Address |
Jannelundsvägen, 69331 |
|
Country |
SWEDEN |
|
|
|
Activities
|
|
|
Activity Code |
Activity
Description |
|
24100 |
Manufacture of basic iron and steel and of ferro-alloys |
|
24320 |
Cold rolling of narrow strip |
|
24330 |
Cold forming or folding |
|
38110 |
Collection of non-hazardous waste |
No email addresses for this company
www.outokumpu.com
|
Year |
Number of
Employees |
|
2013 |
1859 |
|
2012 |
1895 |
|
2011 |
2270 |
|
2010 |
2144 |
|
2009 |
2149 |
|
|
|
Advisors
|
|
|
Auditor Name |
KPMG AB |
|
|
|
Tax
Registrations
|
|
|
Registered for FTax |
Yes |
|
Registered for VAT |
Yes |
|
Registered for Employee Tax |
Yes |
|
Type |
Category |
Issuer |
|
No certificate information for this company |
|
|
|
|
|
|
Industry
Comparison
|
|
|
|
Activity Code |
24100 |
|
|
Activity Description |
Manufacture of basic iron and steel and of ferro-alloys |
|
|
|
|
|
Event
History
|
|
|
|
Event Date |
Event
Description |
|
|
29/06/2015 |
Group Structure Change |
|
|
13/05/2015 |
Group Structure Change |
|
|
13/01/2015 |
Authorised signatories amended or new/amended vacancy text |
|
|
13/01/2015 |
Company representatives, changed |
|
|
06/01/2015 |
Certificate, deregistered |
|
|
06/01/2015 |
Certificate, registered |
|
|
03/12/2014 |
Certificate, registered |
|
|
03/12/2014 |
Certificate, deregistered |
|
|
17/10/2014 |
Company representatives, changed |
|
|
17/10/2014 |
Authorised signatories amended or new/amended vacancy text |
|
|
27/09/2014 |
Company representatives, changed |
|
|
27/09/2014 |
Authorised signatories amended or new/amended vacancy text |
|
|
19/09/2014 |
Group Structure Change |
|
|
25/08/2014 |
Group Structure Change |
|
|
21/08/2014 |
Group Structure Change |
|
|
20/08/2014 |
Group Structure Change |
|
|
01/08/2014 |
Annual account, new |
|
|
30/07/2014 |
Group Structure Change |
|
|
28/07/2014 |
Annual report (PDF), new |
|
|
20/06/2014 |
Group Structure Change |
|
|
13/09/2013 |
Authorized signatories amended or new/amended vacancy text |
|
|
13/09/2013 |
Company representatives, changed |
|
|
05/09/2013 |
Group Structure Change |
|
|
22/08/2013 |
Group Structure Change |
|
|
19/08/2013 |
Annual account, new |
|
|
08/08/2013 |
Group Structure Change |
|
|
02/08/2013 |
Group Structure Change |
|
|
24/07/2013 |
Annual report (PDF), new |
|
|
08/07/2013 |
Group Structure Change |
|
|
04/06/2013 |
Certificate, registered |
|
|
30/05/2013 |
Status, changed |
|
|
30/05/2013 |
Authorized signatories amended or new/amended vacancy text |
|
|
Event Date |
Event
Description |
|
07/05/2013 |
Certificate, deregistered |
|
22/03/2013 |
Status, changed |
|
08/03/2013 |
Authorised signatories amended or new/amended vacancy text |
|
08/03/2013 |
Company representatives, changed |
|
05/02/2013 |
Certificate, registered |
|
19/10/2012 |
Company representatives, changed |
|
19/10/2012 |
Authorised signatories amended or new/amended vacancy text |
|
04/10/2012 |
Annual account, new |
|
08/08/2012 |
Annual report (PDF), new |
|
08/11/2011 |
Board, changed |
|
08/11/2011 |
Authorised signatories amended or new/amended vacancy text |
|
08/11/2011 |
Company representatives, changed |
|
22/09/2011 |
Company representatives, changed |
|
22/09/2011 |
Authorised signatories amended or new/amended vacancy text |
|
22/09/2011 |
Board, changed |
|
23/08/2011 |
Annual account, new |
|
03/08/2011 |
Annual report (PDF), new |
|
29/03/2011 |
Fax number, removed |
|
07/02/2011 |
Certificate, deregistered |
|
03/01/2011 |
Certificate, registered |
|
18/09/2010 |
Company representatives, changed |
|
18/09/2010 |
Board, changed |
|
18/09/2010 |
Authorised signatory, changed |
|
04/08/2010 |
Annual account, new |
|
28/07/2010 |
Annual report (PDF), new |
Status
History
|
|
No status history events for this company |
Profit
and Loss
|
|||
|
Financial Year |
2013 |
2012 |
2011 |
|
Number of Weeks |
52 |
52 |
52 |
|
Currency |
SEK |
SEK |
SEK |
|
Consolidated Accounts |
No |
No |
No |
|
Revenue |
8.686.000.000 |
10.710.000.000 |
14.639.000.000 |
|
Operating Costs |
8.916.000.000 |
12.081.000.000 |
15.878.000.000 |
|
Operating Profit |
-230.000.000 |
-1.371.000.000 |
-1.239.000.000 |
|
Wages & Salaries |
-1.137.000.000 |
-1.174.000.000 |
-1.459.000.000 |
|
Depreciation |
-405.000.000 |
-1.259.000.000 |
-1.043.000.000 |
|
Financial Income |
27.000.000 |
189.000.000 |
502.000.000 |
|
Financial Expenses |
-287.000.000 |
-509.000.000 |
-581.000.000 |
|
Extraordinary Income |
- |
- |
- |
|
Extraordinary Costs |
- |
- |
- |
|
Profit before Tax |
-1.512.000.000 |
-2.011.000.000 |
-2.683.000.000 |
|
Tax |
10.000.000 |
-453.000.000 |
86.000.000 |
|
Profit
after Tax |
-1.502.000.000 |
-2.464.000.000 |
-2.597.000.000 |
|
Minority
Interests |
- |
- |
- |
|
Other
Appropriations |
- |
588.000.000 |
850.000.000 |
|
Retained
Profit |
-1.502.000.000 |
-1.876.000.000 |
-1.747.000.000 |
Balance Sheet
|
|||
|
Financial
Year |
2013 |
2012 |
2011 |
|
Number of
Weeks |
52 |
52 |
52 |
|
Currency |
SEK |
SEK |
SEK |
|
Consolidated Accounts |
No |
No |
No |
|
Land & Buildings |
537.000.000 |
550.000.000 |
676.000.000 |
|
Plant & Machinery |
2.360.000.000 |
2.179.000.000 |
2.752.000.000 |
|
Other Tangible Assets |
170.000.000 |
352.000.000 |
423.000.000 |
|
Total Tangible Assets |
3.067.000.000 |
3.081.000.000 |
3.851.000.000 |
|
Goodwill |
- |
4.000.000 |
53.000.000 |
|
Other Intangible Assets |
- |
- |
- |
|
Total Intangible Assets |
- |
4.000.000 |
53.000.000 |
|
Loans To Group |
2.000.000 |
3.000.000 |
4.000.000 |
|
Other Loans - - - |
|||
|
Miscellaneous Fixed Assets |
3.802.000.000 |
5.334.000.000 |
5.308.000.000 |
|
Total Other Fixed Assets |
3.804.000.000 |
5.337.000.000 |
5.312.000.000 |
|
TOTAL FIXED ASSETS |
6.871.000.000 |
8.422.000.000 |
9.216.000.000 |
|
Work In Progress |
- |
- |
- |
|
Other Inventories |
1.633.000.000 |
2.191.000.000 |
2.598.000.000 |
|
Total Inventories |
1.633.000.000 |
2.191.000.000 |
2.598.000.000 |
|
Trade Receivables |
685.000.000 |
717.000.000 |
1.101.000.000 |
|
Group Receivables |
1.376.000.000 |
1.181.000.000 |
2.374.000.000 |
|
Miscellaneous Receivables |
128.000.000 |
127.000.000 |
153.000.000 |
|
Total Receivables |
2.189.000.000 |
2.025.000.000 |
3.628.000.000 |
|
Cash |
- |
- |
- |
|
Other Current Assets |
- |
- |
- |
|
TOTAL CURRENT ASSETS |
3.822.000.000 |
4.216.000.000 |
6.226.000.000 |
|
TOTAL ASSETS |
10.693.000.000 |
12.638.000.000 |
15.442.000.000 |
|
Trade Payables |
817.000.000 |
963.000.000 |
901.000.000 |
|
Bank Liabilities
- - - |
|||
|
Group Payables |
2.246.000.000 |
2.121.000.000 |
3.142.000.000 |
|
Miscellaneous Liabilities |
422.000.000 |
442.000.000 |
551.000.000 |
|
TOTAL CURRENT LIABILITIES |
3.485.000.000 |
3.526.000.000 |
4.594.000.000 |
|
Bank Liabilities Due After 1 Year |
- |
- |
- |
|
Other Loans Or Finance Due After 1 Year |
- |
- |
- |
|
Group Payables Due After 1 Year |
5.130.000.000 |
6.630.000.000 |
8.430.000.000 |
|
Miscellaneous Liabilities Due After 1 Year |
19.000.000 |
23.000.000 |
699.000.000 |
|
TOTAL LONG TERM LIABILITIES |
5.149.000.000 |
6.653.000.000 |
9.129.000.000 |
|
TOTAL LIABILITIES |
8.634.000.000 |
10.179.000.000 |
13.723.000.000 |
|
Called Up Share Capital |
1.580.000.000 |
1.580.000.000 |
1.580.000.000 |
|
Share Premium |
- |
- |
- |
|
Revenue Reserves |
-762.000.000 |
-1.876.000.000 |
-1.747.000.000 |
|
Other Reserves |
1.241.000.000 |
2.755.000.000 |
1.886.000.000 |
|
TOTAL SHAREHOLDERS EQUITY |
2.059.000.000 |
2.459.000.000 |
1.719.000.000 |
|
|
|
|
|
Other
Financials
|
|||
|
Contingent Liabilities |
1.000.000 |
23.000.000 |
75.000.000 |
|
Working Capital |
337.000.000 |
690.000.000 |
1.632.000.000 |
|
Net Worth |
2.059.000.000 |
2.455.000.000 |
1.666.000.000 |
|
|
|
|
|
Ratios
|
|
|
|
|
Pre-Tax Profit Margin |
-17.41 % |
-18.78 % |
-18.33 % |
|
Return On Capital Employed |
-10.66 % |
-12.44 % |
-13.39 % |
|
Return On Total Assets Employed |
-14.14 % |
-15.91 % |
-17.37 % |
|
Return On Net Assets Employed |
-73.43 % |
-81.78 % |
-156.08 % |
|
Sales/Net Working Capital |
25.77 |
15.52 |
8.97 |
|
Stock Turnover Ratio |
18.80 % |
20.46 % |
17.75 % |
|
Debtor Days |
28.78 |
24.44 |
27.45 |
|
Creditor Days |
34.33 |
32.82 |
22.46 |
|
Current Ratio |
1.10 |
1.20 |
1.36 |
|
Liquidity Ratio/Acid Test |
0.63 |
0.57 |
0.79 |
|
Current Debt Ratio |
1.69 |
1.43 |
2.67 |
|
Gearing |
249.25 % |
269.66 % |
490.58 % |
|
Equity In Percentage |
29.89 % |
33.70 % |
17.06 % |
|
Total Debt Ratio |
4.19 |
4.14 |
7.98 |
Share
Capital Structure
|
|||
|
Issued Share Capital |
1.580.001.000 SEK |
|
|
|
|
|
|
|
Shareholders
|
|
|
|
|
No shareholders data for this company. |
|
|
|
|
|
|
|
|
Current
Directors
|
|||
|
Name |
Appointment Date |
Position |
|
|
Mats Allan Nordén |
07/11/2011 |
Chairman of Board |
|
|
Bjarne Kent Öllgaard Rasmussen |
26/09/2014 |
Actual Member of Board |
|
|
Ernst Johan Patrik Sundell |
26/09/2014 |
Actual Member of Board |
|
|
Karl Tony Ove Andersson |
26/09/2014 |
Actual Member of Board |
|
|
Pål Torsten Åström |
26/09/2014 |
Actual Member of Board |
|
|
Emil Iliev Zhekov |
18/10/2012 |
Substitute |
|
|
Erik Johan Patrik Sundin |
26/09/2014 |
Substitute |
|
|
|
|
|
|
Previous
Directors
|
|||
|
Name |
Appointment Date |
Position |
Resignation Date |
|
Bengt Olov Anders Bergstrand |
24/02/2010 |
Actual Member of Board |
26/09/2014 |
|
Anders Lennart Finnström |
16/08/2006 |
Actual Member of Board |
26/09/2014 |
|
Mikael Karl-Erik Matsson |
18/10/2012 |
Actual Member of Board |
26/09/2014 |
|
Leif Arne Rosén |
09/07/2008 |
Actual Member of Board |
26/09/2014 |
|
Jacob Nils Tage Sandberg |
07/11/2011 |
Actual Member of Board |
26/09/2014 |
|
Herbert Wasserfaller |
16/11/2007 |
Substitute |
26/09/2014 |
|
Jarmo Tapio Tonteri |
12/09/2013 |
Foreign Resident in the EEA |
26/09/2014 |
|
Leif Arne Axelsson |
14/07/1997 |
Actual Member of Board |
18/10/2012 |
|
Bo Karl-Gustaf Lindkvist |
03/09/2009 |
Substitute |
18/10/2012 |
|
Karl Åke Sahlin |
21/09/2011 |
Actual Member of Board |
07/11/2011 |
|
Bo Gerhard Annvik |
16/11/2007 |
Actual Member of Board |
21/09/2011 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.64.00 |
|
|
1 |
Rs.99.43 |
|
Euro |
1 |
Rs.70.61 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
ASH |
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.