|
Report No. : |
345312 |
|
Report Date : |
19.10.2015 |
IDENTIFICATION DETAILS
|
Name : |
STORA ENSO KVARNSVEDEN AB |
|
|
|
|
Registered Office : |
C/O Stora Enso Kvarnsveden AB78183 Borlänge |
|
|
|
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Country : |
|
|
|
|
|
Financials (as on) : |
2014 |
|
|
|
|
Date of Incorporation : |
09.03.1923 |
|
|
|
|
Com. Reg. No.: |
5560216722 |
|
|
|
|
Legal Form : |
Limited liability company |
|
|
|
|
Line of Business : |
·
Manufacture of other printing paper ·
Manufacture of newsprint ·
Steam and air conditioning supply |
|
|
|
|
No. of Employees : |
611 (2014) |
RATING & COMMENTS
|
MIRA’s Rating : |
C |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
Status : |
In Process of merger |
|
|
|
|
Payment Behaviour : |
-- |
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|
|
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Litigation : |
-- |
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 |
Stora Enso Kvarnsveden
AB |
|
Country |
SWEDEN |
|
Company Registration Number |
5560216722 |
|
Activity Code |
17122 |
|
Activity Description |
Manufacture of other printing paper |
|
Company Status |
Merger declared (Pending) |
|
Latest Turnover Figure |
2.967.000.000 SEK |
|
Latest Shareholder Equity Figure |
270.500.000 SEK |
Basic Information |
|
|
Business Name |
Stora Enso Kvarnsveden AB |
|
Registered Company Name |
Stora Enso Kvarnsveden AB |
|
Company Registration Number |
5560216722 |
|
Country |
SWEDEN |
|
VAT Registration Number |
SE556021672201 |
|
Date of Company Registration |
09/03/1923 |
|
Legal Form |
Limited liability company |
|
Company Status |
Merger declared (Pending) |
|
Currency of this Report |
SEK |
|
Principal Activity Code |
No code |
|
Principal Activity Description |
Bolaget skall tillverka och försälja trähaltigt tryckpapper samt
bedriva annan därmed förenlig verksamhet. |
|
Contact Address |
C/O Stora Enso Kvarnsveden AB78183 BORLÄNGE |
|
Contact Telephone Number |
010-4665000 |
Main Address |
|
|
Address |
C/O Stora Enso Kvarnsveden AB78183 BORLÄNGE |
|
Country |
SWEDEN |
|
Telephone |
010-4665000 |
|
Address |
Country |
|
No other addresses for this company |
|
Activities |
|
|
Activity Code |
Activity Description |
|
17122 |
Manufacture of other printing paper |
|
17121 |
Manufacture of newsprint |
|
35300 |
Steam and air conditioning supply |
No email addresses for this company
No websites for this company
|
Year |
Number of Employees |
|
|
2014 |
611 |
|
|
2013 |
626 |
|
|
2012 |
779 |
|
|
2011 |
824 |
|
|
2010 |
800 |
|
|
Auditor Name |
Deloitte AB |
|
|
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 |
17122 |
|
|
Activity Description |
Manufacture of other printing paper |
|
|
Event Date |
Event Description |
|
|
07/10/2015 |
Group Structure Change |
|
|
Event Date |
Event Description |
|
|
06/10/2015 |
Group Structure Change |
|
|
24/08/2015 |
Group Structure Change |
|
|
21/08/2015 |
Group Structure Change |
|
|
20/08/2015 |
Group Structure Change |
|
|
17/08/2015 |
Group Structure Change |
|
|
15/08/2015 |
Status, changed |
|
|
15/08/2015 |
Merge information, changed |
|
|
15/08/2015 |
Limit, decrease |
|
|
14/08/2015 |
Group Structure Change |
|
|
12/08/2015 |
Group Structure Change |
|
|
31/07/2015 |
Annual account, new |
|
|
20/07/2015 |
Annual report (PDF), new |
|
|
07/07/2015 |
Group Structure Change |
|
|
03/07/2015 |
Group Structure Change |
|
|
26/06/2015 |
Group Structure Change |
|
|
19/06/2015 |
Group Structure Change |
|
|
05/06/2015 |
Certificate, registered |
|
|
02/06/2015 |
Certificate, deregistered |
|
|
17/04/2015 |
Group Structure Change |
|
|
22/09/2014 |
Group Structure Change |
|
|
18/08/2014 |
Group Structure Change |
|
|
04/08/2014 |
Group Structure Change |
|
|
21/07/2014 |
Group Structure Change |
|
|
16/07/2014 |
Group Structure Change |
|
|
15/07/2014 |
Group Structure Change |
|
|
14/07/2014 |
Group Structure Change |
|
|
08/07/2014 |
Group Structure Change |
|
|
04/07/2014 |
Group Structure Change |
|
|
30/06/2014 |
Group Structure Change |
|
|
23/06/2014 |
Annual account, new |
|
|
16/06/2014 |
Annual report (PDF), new |
|
|
01/04/2014 |
Authorised signatories amended or new/amended vacancy text |
|
|
01/04/2014 |
Company representatives, changed |
|
|
18/11/2013 |
Group Structure Change |
|
|
05/09/2013 |
Annual account, new |
|
|
06/08/2013 |
Annual report (PDF), new |
|
|
15/01/2013 |
Company representatives, changed |
|
|
15/01/2013 |
Authorised signatories amended or new/amended vacancy text |
|
|
20/12/2012 |
Certificate, deregistered |
|
|
11/10/2012 |
Annual account, new |
|
|
08/08/2012 |
Annual report (PDF), new |
|
|
06/06/2012 |
Certificate, deregistered |
|
|
06/06/2012 |
Certificate, registered |
|
|
08/08/2011 |
Annual account, new |
|
|
Event Date |
Event Description |
|
|
29/07/2011 |
Annual report (PDF), new |
|
|
08/06/2011 |
Certificate, deregistered |
|
|
13/04/2011 |
Certificate, registered |
|
|
05/04/2011 |
Company representatives, changed |
|
|
05/04/2011 |
Authorised signatories amended or new/amended vacancy text |
|
|
05/04/2011 |
Board, changed |
|
|
02/04/2011 |
Board, changed |
|
|
02/04/2011 |
Authorised signatories amended or new/amended vacancy text |
|
|
02/04/2011 |
Company representatives, changed |
|
|
29/03/2011 |
Fax number, new |
|
|
29/03/2011 |
Phone number, new |
|
|
02/03/2011 |
Fax number, removed |
|
|
02/03/2011 |
Phone number, removed |
|
|
23/02/2011 |
Company representatives, changed |
|
|
23/02/2011 |
Authorised signatories amended or new/amended vacancy text |
|
|
23/02/2011 |
Address, changed |
|
|
23/02/2011 |
Board, changed |
|
|
03/01/2011 |
Certificate, registered |
|
Status History |
|
|
Date |
14/08/2015 |
|
Event Description |
Merger declared |
Applicant
Bankruptcy Trustee Company Name
Address
Court Name Additional Text
|
Financial Year |
2014 |
2013 |
2012 |
|
Number of Weeks |
52 |
52 |
52 |
|
Currency |
SEK |
SEK |
SEK |
|
Consolidated Accounts |
No |
No |
No |
|
Revenue |
2.988.100.000 |
3.591.100.000 |
4.575.300.000 |
|
Operating Costs |
3.070.100.000 |
6.066.000.000 |
4.839.300.000 |
|
Operating Profit |
-82.000.000 |
-2.474.900.000 |
-264.000.000 |
|
Wages & Salaries |
-334.300.000 |
-433.800.000 |
-479.300.000 |
|
Depreciation |
-258.900.000 |
-2.442.700.000 |
-671.800.000 |
|
Financial Income |
10.900.000 |
5.400.000 |
- |
|
Financial Expenses |
-20.000.000 |
-27.000.000 |
-41.700.000 |
|
Extraordinary Income |
- |
- |
- |
|
Extraordinary Costs |
- |
- |
- |
|
Profit before Tax |
-91.100.000 |
-2.496.500.000 |
-297.600.000 |
|
Tax |
-25.200.000 |
33.600.000 |
6.800.000 |
|
Profit after Tax |
-116.300.000 |
-2.462.900.000 |
-290.800.000 |
|
Minority Interests |
- |
- |
- |
|
Other Appropriations |
205.000.000 |
2.329.000.000 |
258.900.000 |
|
Retained Profit |
88.700.000 |
-133.900.000 |
-31.900.000 |
Balance Sheet |
|
|
|
|
Financial Year |
2014 |
2013 |
2012 |
|
Number of Weeks |
52 |
52 |
52 |
|
Currency |
SEK |
SEK |
SEK |
|
Consolidated Accounts |
No |
No |
No |
|
Land & Buildings |
207.200.000 |
231.500.000 |
580.700.000 |
|
Plant & Machinery |
1.187.000.000 |
1.299.000.000 |
3.320.000.000 |
|
Other Tangible Assets |
13.400.000 |
35.700.000 |
33.000.000 |
|
Total Tangible Assets |
1.407.600.000 |
1.566.200.000 |
3.933.700.000 |
|
Goodwill |
300.000 |
500.000 |
21.700.000 |
|
Other Intangible Assets |
- |
- |
- |
|
Total Intangible Assets |
300.000 |
500.000 |
21.700.000 |
|
Loans To Group |
- |
- |
- |
|
Other Loans |
- |
- |
- |
|
Miscellaneous Fixed Assets |
25.100.000 |
50.300.000 |
16.300.000 |
|
Total Other Fixed Assets |
25.100.000 |
50.300.000 |
16.300.000 |
|
TOTAL FIXED ASSETS |
1.433.000.000 |
1.617.000.000 |
3.971.700.000 |
|
Work In Progress |
- |
- |
- |
|
Other Inventories |
363.500.000 |
398.800.000 |
497.800.000 |
|
Total Inventories |
363.500.000 |
398.800.000 |
497.800.000 |
|
Trade Receivables |
366.700.000 |
369.500.000 |
550.100.000 |
|
Group Receivables |
365.500.000 |
457.000.000 |
455.500.000 |
|
Miscellaneous Receivables |
69.300.000 |
70.900.000 |
121.000.000 |
|
Total Receivables |
801.500.000 |
897.400.000 |
1.126.600.000 |
|
Cash |
- |
- |
- |
|
Other Current Assets |
- |
- |
- |
|
TOTAL CURRENT ASSETS |
1.165.000.000 |
1.296.200.000 |
1.624.400.000 |
|
TOTAL ASSETS |
2.598.000.000 |
2.913.200.000 |
5.596.100.000 |
|
Trade Payables |
236.700.000 |
239.900.000 |
92.200.000 |
|
Bank Liabilities |
- |
- |
- |
|
Group Payables |
1.089.500.000 |
1.101.400.000 |
1.768.100.000 |
|
Miscellaneous Liabilities |
198.800.000 |
224.300.000 |
266.100.000 |
|
TOTAL CURRENT LIABILITIES |
1.525.000.000 |
1.565.600.000 |
2.126.400.000 |
|
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 |
802.500.000 |
1.165.800.000 |
3.288.900.000 |
|
TOTAL LONG TERM LIABILITIES |
802.500.000 |
1.165.800.000 |
3.288.900.000 |
|
TOTAL LIABILITIES |
2.327.500.000 |
2.731.400.000 |
5.415.300.000 |
|
Called Up Share Capital |
150.000.000 |
150.000.000 |
150.000.000 |
|
Share Premium |
- |
- |
- |
|
Revenue Reserves |
90.500.000 |
-133.200.000 |
-19.200.000 |
|
Other Reserves |
30.000.000 |
165.000.000 |
50.000.000 |
|
TOTAL SHAREHOLDERS EQUITY |
270.500.000 |
181.800.000 |
180.800.000 |
Other Financials |
|
|
|
|
Contingent Liabilities |
62.900.000 |
9.100.000 |
3.700.000 |
|
Working Capital |
-360.000.000 |
-269.400.000 |
-502.000.000 |
|
Net Worth |
270.200.000 |
181.300.000 |
159.100.000 |
Ratios |
|
|
|
|
Pre-Tax Profit Margin |
-3.05 % |
-69.52 % |
-6.50 % |
|
Return On Capital Employed |
-2.21 % |
-55.74 % |
-3.85 % |
|
Return On Total Assets Employed |
-3.51 % |
-85.70 % |
-5.32 % |
|
Return On Net Assets Employed |
-33.68 % |
-1373.21 % |
-164.60 % |
|
Sales/Net Working Capital |
-8.30 |
-13.33 |
-9.11 |
|
Stock Turnover Ratio |
12.16 % |
11.11 % |
10.88 % |
|
Debtor Days |
44.79 |
37.56 |
43.88 |
|
Creditor Days |
28.91 |
24.38 |
7.36 |
|
Current Ratio |
0.76 |
0.83 |
0.76 |
|
Liquidity Ratio/Acid Test |
0.53 |
0.57 |
0.53 |
|
Current Debt Ratio |
5.64 |
8.61 |
11.76 |
|
Gearing |
0 |
0 |
0 |
|
Equity In Percentage |
10.51 % |
6.35 % |
3.25 % |
|
Total Debt Ratio |
8.60 |
15.02 |
29.95 |
Share Capital Structure |
|
|
|
|
Issued Share Capital |
150.000.000 SEK |
|
|
Shareholders |
|
|
|
|
No shareholders data for this company. |
|||
Current Directors |
|
|
|
|
Name |
Appointment Date |
Position |
|
|
Alm, Jarmo Pertti |
24/11/2009 |
Actual Member of Board |
|
|
Mikko Henrik Jokio |
01/04/2011 |
Actual Member of Board |
|
|
Pitkänen, Pertti Ilkka Tapani |
12/02/2008 |
Actual Member of Board |
|
Previous Directors |
|
||
|
Name |
Appointment Date |
Position |
Resignation Date |
|
Sune Anders Vikström |
28/12/2006 |
Actual Member of Board |
29/03/2014 |
|
Erik Sonny Wärn |
01/11/2003 |
Actual Member of Board |
29/03/2014 |
|
Sven-Erik Danielsson |
01/11/2003 |
Substitute |
29/03/2014 |
|
Jan Anders Pettersson |
22/01/1996 |
Substitute |
29/03/2014 |
|
Tarvonen, Heikki Ilmari |
12/02/2008 |
Actual Member of Board |
01/04/2011 |
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 |
0 |
|
Number Of Private Claims |
0 |
|
Number Of Applications |
0 |
|
Number Of Revoked Applications |
12 |
Latest Public Claim
No Latest Public Claim for this company.
Latest Private Claim
Debt Balance
No Latest Private Claim for this company.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.64.97 |
|
UK Pound |
1 |
Rs.100.55 |
|
Euro |
1 |
Rs.73.99 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
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.