|
Report No. : |
346529 |
|
Report Date : |
28.10.2015 |
IDENTIFICATION DETAILS
|
Name : |
AKZO NOBEL SURFACE CHEMISTRY AKTIEBOLAG |
|
|
|
|
Registered Office : |
44485 Stenungsund |
|
|
|
|
Country : |
Sweden |
|
|
|
|
Financials (as on) : |
2014 |
|
|
|
|
Date of Incorporation : |
20.12.1916 |
|
|
|
|
Com. Reg. No.: |
5560138983 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
Subject is engage in manufacturing, sales and trading of chemical and
chemical products |
|
|
|
|
No. of Employee : |
355 (2014) |
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 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 |
AKZO NOBEL SURFACE
CHEMISTRY AKTIEBOLAG
|
Business Name |
Akzo Nobel Surface Chemistry Aktiebolag |
|
Country |
SWEDEN |
|
Company
Registration Number |
5560138983 |
|
Activity Code |
20140 |
|
Activity
Description |
Manufacture of other organic basic chemicals |
|
Company Status |
Active (Active) |
|
Latest Turnover
Figure |
2.976.614.000 SEK |
|
Latest
Shareholder Equity Figure |
611.035.000 SEK |
|
Local
Description |
Very good credit worthiness |
|
Business Name |
Akzo Nobel Surface Chemistry Aktiebolag |
|
Registered
Company Name |
Akzo Nobel Surface Chemistry Aktiebolag |
|
Company
Registration Number |
5560138983 |
|
Country |
SWEDEN |
|
VAT
Registration Number |
SE556013898301 |
|
Date of Company
Registration |
20/12/1916 |
|
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 subsidiaries engage
in manufacturing, sales and trading of chemical and chemical products in
Sweden and abroad, conduct related operations |
|
Contact Address |
44485 STENUNGSUND |
|
Contact
Telephone Number |
0303-85000 |
|
Address |
44485 STENUNGSUND |
|
Country |
SWEDEN |
|
Telephone |
0303-85000 |
|
Address |
Country |
|
Address |
Stockviksvägen 20, 85467 |
|
Country |
SWEDEN |
|
Activity Code |
Activity
Description |
|
20140 |
Manufacture of other organic basic chemicals |
|
20410 |
Manufacture of soap and detergents, cleaning and
polishing preparations |
|
20160 |
Manufacture of plastics in primary forms |
|
20590 |
Manufacture of other chemical products n.e.c. |
|
21100 |
Manufacture of basic pharmaceutical products |
EMAIL ADDRESSES
No email addresses for this company
WEB PAGES
www.akzonobel.se
|
Year |
Number of
Employees |
|
2014 |
355 |
|
2013 |
363 |
|
2012 |
372 |
|
2011 |
370 |
|
2010 |
399 |
|
Auditor Name |
KPMG 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 |
20140 |
|
Activity
Description |
Manufacture of other organic basic chemicals |
|
Event Date |
Event
Description |
|
29/09/2015 |
Group Structure Change |
|
28/09/2015 |
Group Structure Change |
|
23/09/2015 |
Group Structure Change |
|
21/09/2015 |
Group Structure Change |
|
18/09/2015 |
Group Structure Change |
|
17/09/2015 |
Group Structure Change |
|
10/09/2015 |
Group Structure Change |
|
09/09/2015 |
Group Structure Change |
|
27/08/2015 |
Annual account, new |
|
14/08/2015 |
Annual report (PDF), new |
|
08/01/2015 |
Company representatives, changed |
|
08/01/2015 |
Authorised signatories amended or new/amended vacancy
text |
|
07/11/2014 |
Group Structure Change |
|
21/10/2014 |
Group Structure Change |
|
08/10/2014 |
Certificate, deregistered |
|
03/10/2014 |
Group Structure Change |
|
26/09/2014 |
Company representatives, changed |
|
26/09/2014 |
Authorised signatories amended or new/amended vacancy
text |
|
20/09/2014 |
Status, changed |
|
19/09/2014 |
Group Structure Change |
|
18/09/2014 |
Group Structure Change |
|
02/09/2014 |
Group Structure Change |
|
01/09/2014 |
Group Structure Change |
|
26/08/2014 |
Group Structure Change |
|
14/08/2014 |
Group Structure Change |
|
11/08/2014 |
Group Structure Change |
|
08/08/2014 |
Group Structure Change |
|
23/07/2014 |
Annual account, new |
|
16/07/2014 |
Annual report (PDF), new |
|
15/07/2014 |
Status, changed |
|
10/07/2014 |
Group Structure Change |
|
08/07/2014 |
Group Structure Change |
|
15/04/2014 |
Company representatives, changed |
|
15/04/2014 |
Authorised signatories amended or new/amended vacancy
text |
|
18/09/2013 |
Group Structure Change |
|
17/09/2013 |
Group Structure Change |
|
10/09/2013 |
Company representatives, changed |
|
10/09/2013 |
Authorised signatories amended or new/amended vacancy
text |
|
09/09/2013 |
Group Structure Change |
|
05/09/2013 |
Group Structure Change |
|
29/08/2013 |
Group Structure Change |
|
19/08/2013 |
Group Structure Change |
|
07/08/2013 |
Group Structure Change |
|
05/08/2013 |
Group Structure Change |
|
31/07/2013 |
Group Structure Change |
|
30/07/2013 |
Group Structure Change |
|
25/07/2013 |
Group Structure Change |
|
17/07/2013 |
Group Structure Change |
|
16/07/2013 |
Group annual accout, new |
|
16/07/2013 |
Annual account, new |
|
01/07/2013 |
Annual report (PDF), new |
|
06/06/2013 |
Group Structure Change |
|
09/04/2013 |
Authorised signatories amended or new/amended vacancy
text |
|
09/04/2013 |
Company representatives, changed |
|
02/04/2013 |
Certificate, registered |
|
29/11/2012 |
Company representatives, changed |
|
29/11/2012 |
Authorised signatories amended or new/amended vacancy
text |
|
01/10/2012 |
Interim report (PDF), new |
|
01/08/2012 |
Annual account, new |
|
12/07/2012 |
Annual report (PDF), new |
|
12/10/2011 |
Company representatives, changed |
|
12/10/2011 |
Board, changed |
|
12/10/2011 |
Authorised signatories amended or new/amended vacancy
text |
|
07/09/2011 |
Interim report (PDF), new |
|
27/07/2011 |
Authorised signatories amended or new/amended vacancy
text |
|
27/07/2011 |
Company representatives, changed |
|
27/07/2011 |
Board, changed |
|
06/07/2011 |
Annual account, new |
|
30/06/2011 |
Annual report (PDF), new |
|
11/05/2011 |
Board, changed |
|
11/05/2011 |
Authorised signatories amended or new/amended vacancy
text |
|
11/05/2011 |
Company representatives, changed |
|
29/03/2011 |
Fax number, new |
|
Date |
19/09/2014 |
|
Event
Description |
Merger cessation |
|
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 |
3.020.231.000 |
2.809.700.000 |
2.800.300.000 |
|
Operating Costs |
2.700.007.000 |
2.601.200.000 |
2.604.100.000 |
|
Operating
Profit |
320.224.000 |
208.500.000 |
196.200.000 |
|
Financial
Income |
8.359.000 |
9.200.000 |
11.200.000 |
|
Financial
Expenses |
-180.000 |
-300.000 |
-100.000 |
|
Extraordinary
Income |
- |
- |
- |
|
Extraordinary
Costs |
- |
- |
- |
|
Profit before
Tax |
328.403.000 |
217.400.000 |
207.300.000 |
|
Tax |
-4.380.000 |
-48.800.000 |
-53.300.000 |
|
Profit after
Tax |
324.023.000 |
168.600.000 |
154.000.000 |
|
Minority
Interests |
- |
- |
- |
|
Other
Appropriations |
-319.000.000 |
- |
-5.000.000 |
|
Retained Profit |
5.023.000 |
168.600.000 |
149.000.000 |
|
Financial Year |
2014 |
2013 |
2012 |
|
Number of Weeks |
52 |
52 |
52 |
|
Currency |
SEK |
SEK |
SEK |
|
Consolidated
Accounts |
No |
No |
No |
|
Land &
Buildings |
115.594.000 |
115.700.000 |
121.100.000 |
|
Plant &
Machinery |
226.716.000 |
217.100.000 |
244.200.000 |
|
Other Tangible
Assets |
308.809.000 |
268.600.000 |
182.300.000 |
|
Total Tangible
Assets |
651.119.000 |
601.400.000 |
547.600.000 |
|
Goodwill |
- |
900.000 |
14.600.000 |
|
Other
Intangible Assets |
82.174.000 |
91.300.000 |
75.800.000 |
|
Total
Intangible Assets |
82.174.000 |
92.200.000 |
90.400.000 |
|
Loans To Group |
- |
- |
- |
|
Other Loans |
- |
- |
- |
|
Miscellaneous
Fixed Assets |
- |
500.000 |
2.000.000 |
|
Total Other
Fixed Assets |
- |
500.000 |
2.000.000 |
|
TOTAL FIXED
ASSETS |
733.293.000 |
694.100.000 |
640.000.000 |
|
Work In
Progress |
- |
- |
- |
|
Other
Inventories |
277.331.000 |
227.800.000 |
220.800.000 |
|
Total
Inventories |
277.331.000 |
227.800.000 |
220.800.000 |
|
Trade
Receivables |
257.626.000 |
261.000.000 |
243.200.000 |
|
Group
Receivables |
415.818.000 |
341.000.000 |
335.800.000 |
|
Miscellaneous
Receivables |
43.274.000 |
38.100.000 |
43.900.000 |
|
Total
Receivables |
716.718.000 |
640.100.000 |
622.900.000 |
|
Cash |
24.282.000 |
21.000.000 |
25.000.000 |
|
Other Current
Assets |
- |
- |
- |
|
TOTAL CURRENT
ASSETS |
1.018.331.000 |
888.900.000 |
868.700.000 |
|
TOTAL ASSETS |
1.751.624.000 |
1.583.000.000 |
1.508.700.000 |
|
Trade Payables |
83.902.000 |
198.900.000 |
166.500.000 |
|
Bank
Liabilities |
- |
- |
- |
|
Group Payables |
689.773.000 |
411.100.000 |
306.600.000 |
|
Miscellaneous
Liabilities |
79.014.000 |
93.600.000 |
152.700.000 |
|
TOTAL CURRENT
LIABILITIES |
852.689.000 |
703.600.000 |
625.800.000 |
|
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 |
287.900.000 |
279.600.000 |
281.300.000 |
|
TOTAL LONG TERM
LIABILITIES |
287.900.000 |
279.600.000 |
281.300.000 |
|
TOTAL LIABILITIES |
1.140.589.000 |
983.200.000 |
907.100.000 |
|
Called Up Share
Capital |
120.000.000 |
120.000.000 |
120.000.000 |
|
Share Premium |
- |
- |
- |
|
Revenue
Reserves |
459.976.000 |
619.100.000 |
601.900.000 |
|
Other Reserves |
31.059.000 |
-139.300.000 |
-120.300.000 |
|
TOTAL
SHAREHOLDERS EQUITY |
611.035.000 |
599.800.000 |
601.600.000 |
|
Contingent
Liabilities |
2.228.000 |
2.100.000 |
1.400.000 |
|
Working Capital |
165.642.000 |
185.300.000 |
242.900.000 |
|
Net Worth |
528.861.000 |
507.600.000 |
511.200.000 |
Ratios
|
|
|
|
|
Pre-Tax Profit
Margin |
10.87 % |
7.74 % |
7.40 % |
|
Return On
Capital Employed |
12.61 % |
9.51 % |
9.71 % |
|
Return On Total
Assets Employed |
18.75 % |
13.73 % |
13.74 % |
|
Return On Net
Assets Employed |
53.75 % |
36.25 % |
34.46 % |
|
Sales/Net
Working Capital |
18.23 |
15.16 |
11.53 |
|
Stock Turnover
Ratio |
9.18 % |
8.11 % |
7.88 % |
|
Debtor Days |
31.13 |
33.91 |
31.70 |
|
Creditor Days |
10.14 |
25.84 |
21.70 |
|
Current Ratio |
1.19 |
1.26 |
1.39 |
|
Liquidity
Ratio/Acid Test |
0.87 |
0.94 |
1.04 |
|
Current Debt
Ratio |
1.40 |
1.17 |
1.04 |
|
Gearing |
0 |
0 |
0 |
|
Equity In
Percentage |
36.60 % |
40.25 % |
42.48 % |
|
Total Debt
Ratio |
1.87 |
1.64 |
1.51 |
|
Issued Share
Capital |
120.000.000 SEK |
|
SHAREHOLDERS |
|
No shareholders data for this company. |
|
Name |
Appointment
Date |
Position |
|
Agneta Christina Gerdner |
02/07/2010 |
Actual Member of Board |
|
Michiel Arnold Hoogendijk |
25/09/2014 |
Actual Member of Board |
|
Annika Jeanett Josefson |
31/05/2006 |
Actual Member of Board |
|
Kerstin Anna-Lena Palm |
03/05/2004 |
Actual Member of Board |
|
Per Anders Öst |
22/08/2005 |
Actual Member of Board |
|
Annika Susanne Persson |
09/09/2013 |
Substitute |
|
Ulf Ove Assar Johansson |
02/07/2010 |
Substitute |
|
Name |
Appointment
Date |
Position |
Resignation
Date |
|
Per Johan Landfors |
11/10/2011 |
Actual Member of Board |
25/09/2014 |
|
Britt-Marie Helén Olsson |
02/07/2010 |
Actual Member of Board |
09/09/2013 |
|
Jenny Christina Ersson |
02/07/2010 |
Substitute |
09/09/2013 |
|
Tommy Carl Kenneth Öhlin |
11/10/2011 |
External Signatory |
28/11/2012 |
|
Debt Balance |
|
|
Currency |
SEK |
|
Number Of
Private Claims |
0 |
|
Debt Balance |
|
|
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 |
1 |
|
Number Of
Private Claims |
9 |
|
Number Of
Applications |
5 |
|
Number Of
Revoked Applications |
28 |
|
Latest Public
Claim |
|
|
Type |
TV-fee |
|
Date |
2015-04-15 |
|
Amount |
801 (SEK) |
|
Currency |
SEK |
|
Latest Private
Claim |
|
|
Date |
2015-07-14 |
|
Amount |
3561 (SEK) |
|
Currency |
SEK |
|
Creditor |
arvato Finance AB |
|
Comments |
Decision |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.64.96 |
|
|
1 |
Rs.99.73 |
|
Euro |
1 |
Rs.71.84 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAS |
|
|
|
|
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.