MIRA INFORM REPORT

 

 

Report No. :

349449

Report Date :

21.11.2015

 

IDENTIFICATION DETAILS

 

Name :

AKTIEBOLAGET SANDVIK MATERIALS TECHNOLOGY

 

 

Registered Office :

81181 Sandviken

 

 

Country :

Sweden

 

 

Financials (as on) :

2014

 

 

Date of Incorporation :

11.10.1983

 

 

Com. Reg. No.:

5562346832

 

 

Legal Form :

Limited Liability Company

 

 

Line of Business :

Manufacture of Tubes, Pipes, Hollow Profiles and Related Fittings, of Steel.

 

 

No. of Employees :

Not Available

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ca

 

RATING

STATUS

PROPOSED CREDIT LINE

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

 

Status :

Moderate

 

 

Payment Behaviour :

Slow

 

 

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

 

 

Company Summary

 

Business Name

Aktiebolaget Sandvik Materials Technology

Country

SWEDEN

Company Registration Number

5562346832

Activity Code

24200

Activity Description

Manufacture of tubes, pipes, hollow profiles and related fittings, of steel

Company Status

Commission (Other)

Latest Turnover Figure

97.518.000  SEK

Latest Shareholder Equity Figure

-5.208.000  SEK

 

 

Basic Information

 

Business Name

Aktiebolaget Sandvik Materials Technology

Registered Company Name

Aktiebolaget Sandvik Materials Technology

Company Registration Number

5562346832

Country

SWEDEN

VAT Registration Number

via VAT group

Date of Company Registration

11/10/1983

Legal Form

Limited liability company

Company Status

Commission (Other)

Currency of this Report

SEK

Principal Activity Code

No code

Principal Activity Description

Object of the company is the development, manufacture and sale of steel and other metal and metal alloy products, leases of various types of licenses pertaining thereto, together with associated activities.

Contact Address

81181 SANDVIKEN

Contact Telephone Number

026-263000

 

 

Main Address

 

Address

81181 SANDVIKEN

Country

SWEDEN

Telephone

026-263000

 

 

Other Addresses

 

Address

Country

 

No other addresses for this company

 

 

Activities

 

Activity Code

 

Activity Description

24200

Manufacture of tubes, pipes, hollow profiles and related fittings, of steel

24100

Manufacture of basic iron and steel and of ferro-alloys

24320

Cold rolling of narrow strip

24450

Other non-ferrous metal production

 

 

Email Addresses

 

No email addresses for this company

 

 

Web Pages

 

www.smt.sandvik.com

 

 

Employee Information

 

Year

Number of Employees

2014

0

2013

0

2012

0

2011

0

2010

0

 

 

Advisors

 

Auditor Name

KPMG AB

 

 

 

Tax Registrations

 

Registered for FTax

Yes

 

Registered for VAT

Yes

 

Registered for Employee Tax

Yes

 

 

 

Certificates

 

Type

 

Category

Issuer

No certificate information for this company

 

 

 

 

Industry Comparison

 

Activity Code

24200

 

Activity Description

Manufacture of tubes, pipes, hollow profiles and related fittings, of steel

 

 

 

Event History

 

Event Date

Event Description

 

11/11/2015

Group Structure Change

09/11/2015

Group Structure Change

06/11/2015

Group Structure Change

27/10/2015

Group Structure Change

21/10/2015

Group Structure Change

19/10/2015

Group Structure Change

14/10/2015

Group Structure Change

06/10/2015

Authorised signatories amended or new/amended vacancy text

06/10/2015

Company representatives, changed

30/09/2015

Group Structure Change

04/09/2015

Group Structure Change

31/08/2015

Group Structure Change

26/08/2015

Group Structure Change

24/08/2015

Group Structure Change

20/08/2015

Group Structure Change

07/08/2015

Annual account, new

04/08/2015

Group Structure Change

29/07/2015

Company business activity, changed

27/07/2015

Group Structure Change

24/07/2015

Annual report (PDF), new

23/07/2015

Group Structure Change

22/07/2015

Group Structure Change

10/07/2015

Group Structure Change

08/07/2015

Group Structure Change

07/07/2015

Group Structure Change

06/07/2015

Group Structure Change

03/07/2015

Group Structure Change

02/07/2015

Group Structure Change

30/06/2015

Group Structure Change

29/06/2015

Group Structure Change

26/06/2015

Group Structure Change

25/06/2015

Group Structure Change

22/06/2015

Group Structure Change

17/06/2015

Group Structure Change

16/06/2015

Group Structure Change

12/06/2015

Group Structure Change

10/06/2015

Group Structure Change

01/06/2015

Group Structure Change

21/05/2015

Group Structure Change

19/05/2015

Group Structure Change

14/05/2015

Group Structure Change

13/05/2015

Group Structure Change

19/03/2015

Limit, decrease

13/03/2015

Company representatives, changed

Event Date

Event Description

13/03/2015

Authorised signatories amended or new/amended vacancy text

29/11/2014

Limit, increase

15/11/2014

Limit, decrease

08/11/2014

Limit, increase

06/11/2014

Group Structure Change

16/10/2014

Authorised signatories amended or new/amended vacancy text

10/10/2014

Authorised signatories amended or new/amended vacancy text

10/10/2014

Group Structure Change

10/10/2014

Company representatives, changed

09/10/2014

Group Structure Change

03/10/2014

Group Structure Change

01/10/2014

Group Structure Change

29/09/2014

Group Structure Change

26/09/2014

Group Structure Change

22/09/2014

Group Structure Change

18/09/2014

Group Structure Change

10/09/2014

Group Structure Change

09/09/2014

Group Structure Change

08/09/2014

Group Structure Change

27/08/2014

Group Structure Change

22/08/2014

Group Structure Change

18/08/2014

Group Structure Change

13/08/2014

Limit, decrease

13/08/2014

Annual account, new

11/08/2014

Group Structure Change

07/08/2014

Annual report (PDF), new

07/08/2014

Group Structure Change

04/08/2014

Group Structure Change

01/08/2014

Group Structure Change

31/07/2014

Group Structure Change

30/07/2014

Group Structure Change

28/07/2014

Group Structure Change

24/07/2014

Group Structure Change

23/07/2014

Group Structure Change

22/07/2014

Group Structure Change

21/07/2014

Group Structure Change

18/07/2014

Group Structure Change

16/07/2014

Group Structure Change

11/07/2014

Authorised signatories amended or new/amended vacancy text

11/07/2014

Company representatives, changed

10/07/2014

Group Structure Change

09/07/2014

Group Structure Change

08/07/2014

Group Structure Change

07/07/2014

Group Structure Change

 

Event Date

Event Description

11/06/2014

Authorised signatories amended or new/amended vacancy text

11/06/2014

Company representatives, changed

18/05/2014

Limit, increase

11/05/2014

Limit, decrease

07/12/2013

Authorised signatories amended or new/amended vacancy text

07/12/2013

Company representatives, changed

10/11/2013

Limit, increase

02/10/2013

Group Structure Change

25/09/2013

Group Structure Change

08/09/2013

Limit, decrease

06/09/2013

Group Structure Change

05/09/2013

Group Structure Change

30/08/2013

Group Structure Change

28/08/2013

Group Structure Change

26/08/2013

Group Structure Change

19/08/2013

Group Structure Change

16/08/2013

Group Structure Change

15/08/2013

Group Structure Change

14/08/2013

Group Structure Change

13/08/2013

Group Structure Change

12/08/2013

Group Structure Change

08/08/2013

Group Structure Change

07/08/2013

Group Structure Change

06/08/2013

Group Structure Change

05/08/2013

Group Structure Change

31/07/2013

Group Structure Change

30/07/2013

Group Structure Change

29/07/2013

Group Structure Change

24/07/2013

Annual account, new

24/07/2013

Limit, increase

20/07/2013

Limit, decrease

19/07/2013

Group Structure Change

17/07/2013

Group Structure Change

13/07/2013

Limit, increase

12/07/2013

Group Structure Change

11/07/2013

Group Structure Change

10/07/2013

Group Structure Change

09/07/2013

Group Structure Change

08/07/2013

Group Structure Change

04/07/2013

Authorised signatories amended or new/amended vacancy text

04/07/2013

Company representatives, changed

04/07/2013

Annual report (PDF), new

03/07/2013

Group Structure Change

01/07/2013

Group Structure Change

 

Event Date

Event Description

24/06/2013

Limit, decrease

03/04/2013

Company representatives, changed

03/04/2013

Authorised signatories amended or new/amended vacancy text

21/02/2013

Authorised signatories amended or new/amended vacancy text

21/02/2013

Company representatives, changed

02/02/2013

Limit, increase

19/01/2013

Limit, decrease

15/12/2012

Limit, increase

01/12/2012

Limit, decrease

24/11/2012

Limit, increase

23/10/2012

Limit, increase

25/07/2012

Annual account, new

04/07/2012

Company representatives, changed

04/07/2012

Board, changed

04/07/2012

Authorised signatories amended or new/amended vacancy text

03/07/2012

Annual report (PDF), new

14/03/2012

Authorised signatories amended or new/amended vacancy text

14/03/2012

Board, changed

14/03/2012

Company representatives, changed

17/01/2012

Authorised signatories amended or new/amended vacancy text

17/01/2012

Board, changed

17/01/2012

Company representatives, changed

26/11/2011

Limit, decrease

06/11/2011

Limit, increase

20/10/2011

Limit, decrease

07/10/2011

Company representatives, changed

07/10/2011

Authorised signatories amended or new/amended vacancy text

07/10/2011

Board, changed

03/09/2011

Company representatives, changed

03/09/2011

Board, changed

03/09/2011

Authorised signatories amended or new/amended vacancy text

08/08/2011

Annual account, new

08/08/2011

Limit, decrease

01/08/2011

Board, changed

19/07/2011

Annual report (PDF), new

08/06/2011

Certificate, deregistered

14/05/2011

Authorised signatories amended or new/amended vacancy text

14/05/2011

Board, changed

14/05/2011

Limit, decrease

14/05/2011

Company representatives, changed

30/04/2011

Limit, increase

09/04/2011

Limit, decrease

29/03/2011

Phone number, changed

17/02/2011

Company representatives, changed

17/02/2011

Board, changed

17/02/2011

Authorised signatories amended or new/amended vacancy text

05/01/2011

Limit, increase

18/12/2010

Limit, decrease

15/12/2010

Limit, increase

 

 

Status History

 

No status history events for this company

 

 

Profit and Loss

 

Financial Year

2014

2013

2012

Number of Weeks

52

52

52

Currency

SEK

SEK

SEK

Consolidated Accounts

No

No

No

Revenue

97.518.000

90.126.000

84.806.000

Operating Costs

97.518.000

90.126.000

84.806.000

Operating Profit

-

-

-

Wages & Salaries

-

-

-

Depreciation

-91.371.000

-84.497.000

-75.853.000

Financial Income

-

-

-

Financial Expenses

-

-

-

Extraordinary Income

-

-

-

Extraordinary Costs

-

-

-

Profit before Tax

-

-

-

Tax

242.000

-845.000

2.879.000

Profit after Tax

242.000

-845.000

2.879.000

Minority Interests

-

-

-

Other Appropriations

-3.307.000

513.000

428.000

Retained Profit

-3.065.000

-333.000

3.307.000

 

 

Balance Sheet

 

Financial Year

2014

2013

2012

Number of Weeks

52

52

52

Currency

SEK

SEK

SEK

Consolidated Accounts

No

No

No

Land & Buildings

1.685.109.000

1.713.807.000

1.516.817.000

Plant & Machinery

4.443.000

4.934.000

5.475.000

Other Tangible Assets

-

-

100.000.000

Total Tangible Assets

1.689.552.000

1.718.741.000

1.622.292.000

Goodwill

-

-

-

Other Intangible Assets

-

-

-

Total Intangible Assets

-

-

-

Loans To Group

-

-

-

Other Loans

-

-

-

 

Miscellaneous Fixed Assets

-

-

-

Total Other Fixed Assets

-

-

-

TOTAL FIXED ASSETS

1.689.552.000

1.718.741.000

1.622.292.000

Work In Progress

-

-

-

Other Inventories

-

-

-

Total Inventories

-

-

-

Trade Receivables

-

-

-

Group Receivables

-

-

-

Miscellaneous Receivables

-

-

-

Total Receivables

-

-

-

Cash

-

-

-

Other Current Assets

-

-

-

TOTAL CURRENT ASSETS

-

-

-

TOTAL ASSETS

1.689.552.000

1.718.741.000

1.622.292.000

Trade Payables

-

-

-

Bank Liabilities

-

-

-

Group Payables

1.671.551.000

1.699.068.000

1.589.058.000

Miscellaneous Liabilities

295.000

361.000

8.978.000

TOTAL CURRENT LIABILITIES

1.671.846.000

1.699.429.000

1.598.036.000

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

22.914.000

23.454.000

24.209.000

TOTAL LONG TERM LIABILITIES

22.914.000

23.454.000

24.209.000

TOTAL LIABILITIES

1.694.760.000

1.722.883.000

1.622.245.000

Called Up Share Capital

100.000

100.000

100.000

Share Premium

-

-

-

Revenue Reserves

-7.328.000

-406.000

1.530.000

Other Reserves

2.020.000

-3.836.000

-1.583.000

TOTAL SHAREHOLDERS EQUITY

-5.208.000

-4.142.000

47.000

 

 

Other Financials

 

Contingent Liabilities

-

-

-

Working Capital

-1.671.846.000

-1.699.429.000

-1.598.036.000

Net Worth

-5.208.000

-4.142.000

47.000

 

 

Ratios

 

Pre-Tax Profit Margin

0

0

0

Return On Capital Employed

0

0

0

Return On Total Assets Employed

0

0

0

Return On Net Assets Employed

0

0

0

Sales/Net Working Capital

-0.06

-0.05

-0.05

Stock Turnover Ratio

0

0

0

Debtor Days

0.00

0.00

0.00

Creditor Days

0.00

0.00

0.00

Current Ratio

0.00

0.00

0.00

Liquidity Ratio/Acid Test

0.00

0.00

0.00

Current Debt Ratio

-321.01

-410.29

34000.77

Gearing

0

0

0

Equity In Percentage

-0.31 %

-0.24 %

0

Total Debt Ratio

-325.41

-415.95

34515.85

 

 

Share Capital Structure

 

Issued Share Capital

100.000 SEK

 

 

 

Shareholders

 

No shareholders data for this company.

 

 

Current Directors

 

Name

 

Appointment Date

Position

Lars Bengt Olov Wijk

10/07/2014

Actual Member of Board

Petra Irene Einarsson

16/02/2013

Actual Member of Board

Andreas Erik Urban Burman

06/10/2011

Actual Member of Board

Arne Thomas Mårtensson

13/03/2012

Actual Member of Board

Bettina Baumgartner

10/06/2014

Actual Member of Board

Tomas Ivar Kärnström

05/10/2015

Actual Member of Board

 

Name

Appointment Date

Position

Arto Tapani Tolppanen

05/10/2015

Substitute

Mats Walter Lundberg

03/07/2012

Substitute

 

 

Previous Directors

 

Name

 

Appointment Date

Position

Resignation Date

Bo Wilhelm Boström

11/10/1983

Actual Member of Board

05/10/2015

Tomas Ivar Kärnström

20/04/2000

Substitute

05/10/2015

Bo Stefan Severin

16/02/2013

Actual Member of Board

10/07/2014

Johan Tomas Hedlund

02/04/2013

Actual Member of Board

10/06/2014

Anders Erik Forslund

16/02/2011

Actual Member of Board

02/04/2013

Jonas Mikael Gustavsson

13/05/2011

Actual Member of Board

16/02/2013

Lars Ola Salmén

13/03/2012

Actual Member of Board

16/02/2013

Lars Bengt Olov Wijk

16/02/2011

External Signatory

16/02/2013

Karin Maria Östring

02/09/2011

Substitute

03/07/2012

Antti Juha Laine

12/08/1998

Actual Member of Board

13/03/2012

Carl Erik Peter Larsson

31/10/2003

Chairman of Board

13/03/2012

Jan Åke Öhman

03/02/2007

Actual Member of Board

06/10/2011

Lars Anders Sjödén

15/04/2009

Substitute

02/09/2011

Peter Gossas

12/06/2002

Actual Member of Board

13/05/2011

 

 

Negative Information

 

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

2

Number Of Private Claims

7

Number Of Applications

2

Number Of Revoked Applications

41

Latest Public Claim

 

Type

Roadtraffic-tax

Date

2015-03-18

Amount

284 (SEK)

Currency

SEK

Latest Private Claim

 

Date

2014-08-07

Amount

9199 (SEK)

 

 

Debt Balance

 

Currency

SEK

Creditor

Momentum Industrial AB

Comments

Decision

 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.66.09

UK Pound

1

Rs.101.04

Euro

1

Rs.70.86

 

INFORMATION DETAILS

 

Analysis Done by :

TRI

 

 

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

--

 

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%)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.