|
Report No. : |
350179 |
|
Report Date : |
17.11.2015 |
IDENTIFICATION DETAILS
|
Name : |
INOVYN SVERIGE AB |
|
|
|
|
Registered Office : |
44483 Stenungsund |
|
|
|
|
Country : |
Sweden |
|
|
|
|
Financials (as on) : |
2014 |
|
|
|
|
Date of Incorporation : |
01.03.1929 |
|
|
|
|
Com. Reg. No.: |
5560276635 |
|
|
|
|
Legal Form : |
Limited liability company |
|
|
|
|
Line of Business : |
|
|
|
|
|
No. of Employee : |
306 |
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 : |
Regular |
|
|
|
|
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 over its 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 2.1%. Sweden’s economy is expected to grow modestly in 2015, although the country continues to struggle with deflationary pressure.
|
Source
: CIA |
|
Business Name |
INOVYN SVERIGE AB |
|
Country |
SWEDEN |
|
Company Registration Number |
5560276635 |
|
Activity Code |
20160 |
|
Activity Description |
Manufacture of plastics in primary forms |
|
Company Status |
Active (Active) |
|
Latest Turnover Figure |
2.453.489.000 SEK |
|
Latest Shareholder Equity Figure |
425.320.000 SEK |
|
Business Name |
INOVYN SVERIGE AB |
|
Registered Company Name |
INOVYN SVERIGE AB |
|
Company Registration Number |
5560276635 |
|
Country |
SWEDEN |
|
VAT Registration Number |
SE556027663501 |
|
Date of Company Registration |
01/03/1929 |
|
Legal Form |
Limited liability company |
|
Company Status |
Active (Active) |
|
Currency of this Report |
SEK |
|
Principal Activity Code |
No code |
|
Principal Activity Description |
The company will manufacture and sell preferably chemical products and managing movable and immovable property
as well as to pursue
other compatible business. |
|
Contact Address |
44483 STENUNGSUND |
|
Contact Telephone Number |
0303-87500 |
|
Main Address |
|
|
Address |
44483 STENUNGSUND |
|
Country |
SWEDEN |
|
Telephone |
0303-87500 |
Other Addresses
|
Address |
Country |
|
No other addresses for this company |
|
|
Activities |
|
|
Activity Code |
Activity
Description |
|
20160 |
Manufacture of plastics in primary forms |
|
20130 |
Manufacture of other inorganic basic chemicals |
|
46750 |
Wholesale of chemical products |
|
20140 |
Manufacture of other organic basic chemicals |
Email Addresses
info.stenungsund@ineos.com
Web Pages
No websites for this company
|
Year |
Number of
Employees |
|
|
2014 |
306 |
|
|
2013 |
312 |
|
|
2012 |
333 |
|
|
2011 |
329 |
|
|
2010 |
332 |
|
|
Auditor Name |
PricewaterhouseCoopers 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 |
|
|
|
Activity Code |
20160 |
|
|
Activity Description |
Manufacture of plastics in primary forms |
|
|
Event Date |
Event
Description |
|
29/08/2015 |
Limit, increase |
|
29/08/2015 |
Authorised signatories amended or new/amended vacancy text |
|
29/08/2015 |
Company representatives, changed |
|
18/08/2015 |
Annual account, new |
|
04/08/2015 |
Annual report (PDF), new |
|
02/07/2015 |
Company name, changed (old name: INEOS Sverige AB) |
|
21/05/2015 |
Company representatives, changed |
|
21/05/2015 |
Authorised signatories amended or new/amended vacancy text |
|
16/04/2015 |
Company representatives, changed |
|
16/04/2015 |
Limit, decrease |
|
16/04/2015 |
Authorised signatories amended or new/amended vacancy text |
|
28/03/2015 |
Company representatives, changed |
|
28/03/2015 |
Authorised signatories amended or new/amended vacancy text |
|
15/08/2014 |
Authorised signatories amended or new/amended vacancy text |
|
15/08/2014 |
Company representatives, changed |
|
12/08/2014 |
Group Structure Change |
|
28/07/2014 |
Annual account, new |
|
21/07/2014 |
Annual report (PDF), new |
|
18/06/2014 |
Company representatives, changed |
|
18/06/2014 |
Authorised signatories amended or new/amended vacancy text |
|
07/11/2013 |
Company representatives, changed |
|
07/11/2013 |
Authorised signatories amended or new/amended vacancy text |
|
22/10/2013 |
Status, changed |
|
22/10/2013 |
Authorised signatories amended or new/amended vacancy text |
|
22/10/2013 |
Board, changed |
|
26/09/2013 |
Group Structure Change |
|
16/09/2013 |
Annual account, new |
|
29/08/2013 |
Group Structure Change |
|
16/08/2013 |
Annual report (PDF), new |
|
15/08/2013 |
Status, changed |
|
02/10/2012 |
Certificate, registered |
|
07/08/2012 |
Certificate, registered |
|
06/08/2012 |
Annual account, new |
|
05/07/2012 |
Annual report (PDF), new |
|
03/07/2012 |
Certificate, deregistered |
|
16/02/2012 |
Board, changed |
|
16/02/2012 |
Authorised signatories amended or new/amended vacancy text |
|
16/02/2012 |
Company representatives, changed |
|
20/10/2011 |
Board, changed |
|
20/10/2011 |
Company representatives, changed |
|
20/10/2011 |
Authorised signatories amended or new/amended vacancy text |
|
25/08/2011 |
Annual account, new |
|
23/08/2011 |
Annual report (PDF), new |
|
01/08/2011 |
Company representatives, changed |
|
01/08/2011 |
Board, changed |
|
01/08/2011 |
Authorised signatories amended or new/amended vacancy text |
|
05/07/2011 |
Certificate, deregistered |
|
29/03/2011 |
Fax number, new |
|
29/03/2011 |
Phone number, new |
|
14/01/2011 |
Authorised signatories amended or new/amended vacancy text |
|
14/01/2011 |
Board, changed |
|
14/01/2011 |
Company representatives, changed |
|
05/01/2011 |
Board, changed |
|
05/01/2011 |
Authorised signatories amended or new/amended vacancy text |
|
05/01/2011 |
Company representatives, 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 |
2.455.688.000 |
2.463.281.000 |
2.245.918.000 |
|
Operating Costs |
2.398.628.000 |
2.375.379.000 |
2.212.567.000 |
|
Operating Profit |
57.060.000 |
87.902.000 |
33.351.000 |
|
Financial Income |
35.739.000 |
15.139.000 |
3.296.000 |
|
Financial Expenses |
-16.889.000 |
-14.165.000 |
-23.502.000 |
|
Extraordinary Income |
- |
- |
- |
|
Extraordinary Costs |
- |
- |
- |
|
Profit before Tax |
75.911.000 |
88.877.000 |
13.145.000 |
|
Tax |
-24.781.000 |
-44.250.000 |
-5.732.000 |
|
Profit after Tax |
51.130.000 |
44.627.000 |
7.413.000 |
|
Minority Interests |
- |
- |
- |
|
Other Appropriations |
31.741.000 |
105.944.000 |
9.726.000 |
|
Retained Profit |
82.871.000 |
150.571.000 |
17.140.000 |
|
Financial Year |
2014 |
2013 |
2012 |
|
Number of Weeks |
52 |
52 |
52 |
|
Currency |
SEK |
SEK |
SEK |
|
Consolidated
Accounts |
No |
No |
No |
|
Land & Buildings |
32.365.000 |
36.365.000 |
40.557.000 |
|
Plant & Machinery |
166.563.000 |
156.918.000 |
197.901.000 |
|
Other Tangible Assets |
9.711.000 |
11.118.000 |
12.979.000 |
|
Total Tangible Assets |
208.639.000 |
204.401.000 |
251.437.000 |
|
Goodwill |
- |
- |
- |
|
Other Intangible Assets |
5.931.000 |
6.111.000 |
6.291.000 |
|
Total Intangible Assets |
5.931.000 |
6.111.000 |
6.291.000 |
|
Loans To Group |
- |
- |
- |
|
Other Loans |
- |
- |
- |
|
Miscellaneous Fixed Assets |
450.000 |
450.000 |
506.000 |
|
Total Other Fixed Assets |
450.000 |
450.000 |
506.000 |
|
TOTAL FIXED ASSETS |
215.020.000 |
210.962.000 |
258.234.000 |
|
Work In Progress |
- |
- |
- |
|
Other Inventories |
137.672.000 |
191.040.000 |
175.407.000 |
|
Total Inventories |
137.672.000 |
191.040.000 |
175.407.000 |
|
Trade Receivables |
69.286.000 |
78.908.000 |
82.856.000 |
|
Group Receivables |
588.268.000 |
466.320.000 |
361.574.000 |
|
Miscellaneous Receivables |
23.947.000 |
19.096.000 |
14.650.000 |
|
Total Receivables |
681.501.000 |
564.324.000 |
459.080.000 |
|
Cash |
54.432.000 |
52.858.000 |
15.763.000 |
|
Other Current Assets |
- |
- |
- |
|
TOTAL CURRENT ASSETS |
873.605.000 |
808.222.000 |
650.250.000 |
|
TOTAL ASSETS |
1.088.625.000 |
1.019.184.000 |
908.484.000 |
|
Trade Payables |
146.022.000 |
110.459.000 |
180.618.000 |
|
Bank Liabilities |
- |
- |
- |
|
Group Payables |
70.623.000 |
92.482.000 |
53.333.000 |
|
Miscellaneous Liabilities |
95.945.000 |
117.263.000 |
104.977.000 |
|
TOTAL CURRENT LIABILITIES |
312.590.000 |
320.204.000 |
338.928.000 |
|
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 |
350.715.000 |
360.336.000 |
452.482.000 |
|
TOTAL LONG TERM LIABILITIES |
350.715.000 |
360.336.000 |
452.482.000 |
|
TOTAL LIABILITIES |
663.305.000 |
680.540.000 |
791.410.000 |
|
Called Up Share Capital |
50.000.000 |
50.000.000 |
50.000.000 |
|
Share Premium |
- |
- |
- |
|
Revenue Reserves |
365.320.000 |
278.644.000 |
57.074.000 |
|
Other Reserves |
10.000.000 |
10.000.000 |
10.000.000 |
|
TOTAL SHAREHOLDERS EQUITY |
425.320.000 |
338.644.000 |
117.074.000 |
|
Contingent Liabilities |
109.634.000 |
140.685.000 |
118.215.000 |
|
Working Capital |
561.015.000 |
488.018.000 |
311.322.000 |
|
Net Worth |
419.389.000 |
332.533.000 |
110.783.000 |
|
Pre-Tax Profit Margin |
3.09 % |
3.61 % |
0.59 % |
||
|
Return On Capital Employed |
5.42 % |
6.64 % |
1.05 % |
||
|
Return On Total Assets Employed |
6.97 % |
8.72 % |
1.45 % |
||
|
Return On Net Assets Employed |
17.85 % |
26.24 % |
11.23 % |
||
|
Sales/Net Working Capital |
4.38 |
5.05 |
7.21 |
||
|
Stock Turnover Ratio |
5.61 % |
7.76 % |
7.81 % |
||
|
Debtor Days |
10.30 |
11.69 |
13.47 |
||
|
Creditor Days |
21.70 |
16.37 |
29.35 |
||
|
Current Ratio |
2.79 |
2.52 |
1.92 |
||
|
Liquidity Ratio/Acid Test |
2.35 |
1.93 |
1.40 |
||
|
Current Debt Ratio |
0.73 |
0.95 |
2.89 |
||
|
Gearing |
0 |
0 |
0 |
||
|
Equity In Percentage |
39.30 % |
33.44 % |
12.98 % |
||
|
Total Debt Ratio |
1.56 |
2.01 |
6.76 |
||
|
Issued Share Capital |
50.000.000 SEK |
|
|
Shareholders |
|
|
|
No shareholders data for this company. |
|
|
|
Name |
Appointment Date |
Position |
|
Lars Wilhelm Josefsson |
27/11/2009 |
Chairman of Board |
|
Decadt, Ghislain Georges Jose |
04/01/2011 |
Actual Member of Board |
|
Maher, Michael John |
19/10/2011 |
Actual Member of Board |
|
Tuft, Geir |
26/06/2007 |
Actual Member of Board |
|
Mats Erik Andersson |
20/05/2015 |
Actual Member of Board |
|
Reine Lennart Johansson |
08/07/2009 |
Actual Member of Board |
|
Anders Ingemar Karlsson |
20/05/2015 |
Substitute |
|
Jens Larry Petersen |
20/05/2015 |
Substitute |
Previous Directors
|
Name |
Appointment Date |
Position |
Resignation Date |
|
Jens Larry Petersen |
14/08/2014 |
Actual Member of Board |
20/05/2015 |
|
Mats Erik Andersson |
06/11/2013 |
Substitute |
20/05/2015 |
|
Claes Algot Valter Fossum |
17/08/2004 |
Employee Representative |
20/05/2015 |
|
Metcalfe, Keith |
15/02/2012 |
Actual Member of Board |
15/04/2015 |
|
Jenssen, Bjarne Erik Herbert |
11/01/2010 |
External CEO |
27/03/2015 |
|
Bert Bohlin |
11/07/2001 |
Actual Member of Board |
14/08/2014 |
|
Lena Karlsson |
26/05/2004 |
Substitute |
06/11/2013 |
|
Tane, Christopher Edward |
10/03/2008 |
Actual Member of Board |
19/10/2011 |
|
Tore Karl Erik Claesson |
26/06/1996 |
Actual Member of Board |
29/07/2011 |
|
Stangeby, Trond |
04/07/2006 |
Actual Member of Board |
29/07/2011 |
|
Schnurr, Otto |
10/03/2008 |
Actual Member of Board |
04/01/2011 |
|
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 |
0 |
|
Number Of Revoked Applications |
2 |
|
Latest Public
Claim |
|
|
No Latest Public Claim for this company. |
|
|
Latest Private
Claim |
|
|
Date |
2012-07-30 |
|
Amount |
160 (SEK) |
|
Currency |
SEK |
|
Creditor |
ISS Facility Services AB |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.17 |
|
UK Pound |
1 |
Rs.100.66 |
|
Euro |
1 |
Rs.70.97 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
TRU |
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.