|
Report No. : |
339162 |
|
Report Date : |
08.09.2015 |
IDENTIFICATION DETAILS
|
Name : |
SIEMENS INDUSTRIAL TURBOMACHINERY AB |
|
|
|
|
Registered Office : |
61283 Finspång |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
2014 |
|
|
|
|
Date of Incorporation : |
22.02.2001 |
|
|
|
|
Com. Reg. No.: |
5566066048 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
The Company
engage in mechanical engineering and other industrial business development,
manufacture, sale and maintenance of gas and steam turbines, generators and
other products for the generation of electricity and heat, plants for flue
gas cleaning |
|
|
|
|
No. of Employees : |
2662 (2014) |
RATING & COMMENTS
|
MIRA’s Rating : |
A |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
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 |
Siemens Industrial Turbomachinery AB |
|
Country |
SWEDEN |
|
Company Registration Number |
5566066048 |
|
Activity Code |
28110 |
|
Activity Description |
Manufacture of engines and turbines, except aircraft,
vehicle and cycle engines |
|
Company Status |
Active (Active) |
|
Latest Turnover Figure |
9.107.634.000 SEK |
|
Latest Shareholder Equity
Figure |
2.867.061.000 SEK |
|
Business Name |
Siemens Industrial Turbomachinery AB |
|
Registered Company Name |
Siemens Industrial Turbomachinery AB |
|
Company Registration Number |
5566066048 |
|
Country |
SWEDEN |
|
VAT Registration Number |
SE556606604801 |
|
Date of Company Registration |
22/02/2001 |
|
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 engage in mechanical engineering and other industrial business development
, manufacture, sale and maintenance of gas and steam turbines , generators
and other products for the generation of electricity and heat, plants for
flue gas cleaning |
|
Contact Address |
61283 FINSPÅNG |
|
Contact Telephone Number |
0122-81000 |
|
Address |
61283 FINSPÅNG |
|
Country |
SWEDEN |
|
Telephone |
0122-81000 |
|
Address |
Country |
|
Address |
Kardanvägen 4, 46138 |
|
Country |
SWEDEN |
|
Activity Code |
Activity Description |
|
28110 |
Manufacture of engines and turbines, except aircraft,
vehicle and cycle engines |
|
25110 |
Manufacture of metal structures and parts of structures |
sit-ab.energy@siemens.com
www.siemens.se/sit
|
Year |
Number of Employees |
|
2014 |
2662 |
|
2013 |
2739 |
|
2012 |
2738 |
|
2011 |
2760 |
|
2010 |
2725 |
|
Auditor Name |
Ernst & Young Aktiebolag |
|
Registered for FTax |
Yes |
|
Registered for VAT |
Yes |
|
Registered for Employee Tax |
Yes |
|
Type |
Category |
Issuer |
|
No certificate information for this company |
|
|
|
Activity Code |
28110 |
|
Activity Description |
Manufacture of engines and turbines, except aircraft,
vehicle and cycle engines |
|
Event Date |
Event Description |
|
08/06/2015 |
Interim report (PDF), new |
|
11/05/2015 |
Group Structure Change |
|
24/04/2015 |
Group Structure Change |
|
06/04/2015 |
Group Structure Change |
|
02/04/2015 |
Group Structure Change |
|
31/03/2015 |
Company representatives, changed |
|
31/03/2015 |
Authorised signatories amended or new/amended vacancy
text |
|
27/03/2015 |
Group Structure Change |
|
04/03/2015 |
Group Structure Change |
|
03/03/2015 |
Group Structure Change |
|
02/03/2015 |
Annual account, new |
|
26/02/2015 |
Group Structure Change |
|
23/02/2015 |
Annual report (PDF), new |
|
14/10/2014 |
Fax number, changed |
|
24/06/2014 |
Interim report (PDF), new |
|
05/06/2014 |
Group Structure Change |
|
03/04/2014 |
Company representatives, changed |
|
03/04/2014 |
Authorised signatories amended or new/amended vacancy
text |
|
02/04/2014 |
Group Structure Change |
|
05/03/2014 |
Group Structure Change |
|
04/03/2014 |
Group Structure Change |
|
28/02/2014 |
Annual account, new |
|
25/02/2014 |
Annual report (PDF), new |
|
11/10/2013 |
Company representatives, changed |
|
11/10/2013 |
Authorised signatories amended or new/amended vacancy
text |
|
13/06/2013 |
Interim report (PDF), new |
|
10/06/2013 |
Group Structure Change |
|
18/04/2013 |
Company representatives, changed |
|
18/04/2013 |
Authorised signatories amended or new/amended vacancy
text |
|
12/03/2013 |
Annual account, new |
|
06/03/2013 |
Annual report (PDF), new |
|
12/06/2012 |
Interim report (PDF), new |
|
15/05/2012 |
Company representatives, changed |
|
15/05/2012 |
Authorised signatories amended or new/amended vacancy
text |
|
15/05/2012 |
Board, changed |
|
10/04/2012 |
Annual account, new |
|
04/04/2012 |
Annual report (PDF), new |
|
07/03/2012 |
Authorised signatories amended or new/amended vacancy
text |
|
07/03/2012 |
Board, changed |
|
07/03/2012 |
Company representatives, changed |
|
31/01/2012 |
Certificate, registered |
|
03/01/2012 |
Certificate, deregistered |
|
28/12/2011 |
Authorised signatories amended or new/amended vacancy
text |
|
28/12/2011 |
Board, changed |
|
28/12/2011 |
Company representatives, changed |
|
06/09/2011 |
Certificate, deregistered |
|
14/06/2011 |
Interim report (PDF), new |
|
20/05/2011 |
Board, changed |
|
20/05/2011 |
Authorised signatories amended or new/amended vacancy
text |
|
20/05/2011 |
Company representatives, changed |
|
18/04/2011 |
Limit, increase |
|
18/04/2011 |
Annual account, new |
|
11/04/2011 |
Annual report (PDF), new |
|
29/03/2011 |
Fax number, 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 |
9.838.695.000 |
10.935.195.000 |
11.611.425.000 |
|
Operating Costs |
8.240.042.000 |
9.079.005.000 |
10.672.474.000 |
|
Operating Profit |
1.598.653.000 |
1.856.190.000 |
938.951.000 |
|
Wages & Salaries |
-2.085.638.000 |
-2.081.856.000 |
-2.101.114.000 |
|
Depreciation |
-194.613.000 |
-183.408.000 |
-153.585.000 |
|
Financial Income |
23.499.000 |
45.614.000 |
92.929.000 |
|
Financial Expenses |
-1.671.000 |
-1.635.000 |
-12.003.000 |
|
Extraordinary Income |
- |
- |
- |
|
Extraordinary Costs |
- |
- |
- |
|
Profit before Tax |
1.620.481.000 |
1.900.169.000 |
1.019.877.000 |
|
Tax |
-277.852.000 |
-383.660.000 |
-274.160.000 |
|
Profit after Tax |
1.342.629.000 |
1.516.509.000 |
745.717.000 |
|
Minority Interests |
- |
- |
- |
|
Other Appropriations |
-346.000.000 |
-490.000.000 |
- |
|
Retained Profit |
996.629.000 |
1.026.509.000 |
745.717.000 |
|
Financial Year |
2014 |
2013 |
2012 |
|
Number of Weeks |
52 |
52 |
52 |
|
Currency |
SEK |
SEK |
SEK |
|
Consolidated Accounts |
No |
No |
No |
|
Land & Buildings |
535.564.000 |
511.968.000 |
475.041.000 |
|
Plant & Machinery |
563.107.000 |
582.863.000 |
599.354.000 |
|
Other Tangible Assets |
220.648.000 |
315.976.000 |
389.865.000 |
|
Total Tangible Assets |
1.319.319.000 |
1.410.807.000 |
1.464.260.000 |
|
Goodwill |
- |
- |
- |
|
Other Intangible Assets |
1.007.000 |
181.000 |
301.000 |
|
Total Intangible Assets |
1.007.000 |
181.000 |
301.000 |
|
Loans To Group |
- |
- |
- |
|
Other Loans |
- |
- |
- |
|
Miscellaneous Fixed Assets |
31.687.000 |
33.311.000 |
17.163.000 |
|
Total Other Fixed Assets |
31.687.000 |
33.311.000 |
17.163.000 |
|
TOTAL FIXED ASSETS |
1.352.013.000 |
1.444.299.000 |
1.481.724.000 |
|
Work In Progress |
- |
- |
- |
|
Other Inventories |
2.571.843.000 |
3.320.092.000 |
3.193.457.000 |
|
Total Inventories |
2.571.843.000 |
3.320.092.000 |
3.193.457.000 |
|
Trade Receivables |
527.443.000 |
646.227.000 |
710.986.000 |
|
Group Receivables |
4.473.754.000 |
4.340.817.000 |
5.279.220.000 |
|
Miscellaneous Receivables |
1.734.879.000 |
1.424.118.000 |
1.612.663.000 |
|
Total Receivables |
6.736.076.000 |
6.411.162.000 |
7.602.869.000 |
|
Cash |
413.000 |
117.000 |
414.000 |
|
Other Current Assets |
- |
- |
- |
|
TOTAL CURRENT ASSETS |
9.308.332.000 |
9.731.371.000 |
10.796.740.000 |
|
TOTAL ASSETS |
10.660.345.000 |
11.175.670.000 |
12.278.464.000 |
|
Trade Payables |
650.130.000 |
400.439.000 |
823.464.000 |
|
Bank Liabilities |
- |
- |
- |
|
Group Payables |
33.907.000 |
63.514.000 |
22.429.000 |
|
Miscellaneous Liabilities |
5.884.680.000 |
5.908.048.000 |
7.442.795.000 |
|
TOTAL CURRENT LIABILITIES |
6.568.717.000 |
6.372.001.000 |
8.288.688.000 |
|
Bank Liabilities Due After 1
Year |
- |
- |
- |
|
Other Loans Or Finance Due
After 1 Year |
- |
- |
- |
|
Group Payables Due After 1
Year |
335.000 |
33.000 |
5.000 |
|
Miscellaneous Liabilities
Due After 1 Year |
1.224.232.000 |
909.715.000 |
356.268.000 |
|
TOTAL LONG TERM LIABILITIES |
1.224.567.000 |
909.748.000 |
356.273.000 |
|
TOTAL LIABILITIES |
7.793.284.000 |
7.281.749.000 |
8.644.961.000 |
|
Called Up Share Capital |
30.000.000 |
30.000.000 |
30.000.000 |
|
Share Premium |
- |
- |
- |
|
Revenue Reserves |
2.567.961.000 |
3.594.821.000 |
3.334.403.000 |
|
Other Reserves |
269.100.000 |
269.100.000 |
269.100.000 |
|
TOTAL SHAREHOLDERS EQUITY |
2.867.061.000 |
3.893.921.000 |
3.633.503.000 |
|
Contingent Liabilities |
- |
- |
- |
|
Working Capital |
2.739.615.000 |
3.359.370.000 |
2.508.052.000 |
|
Net Worth |
2.866.054.000 |
3.893.740.000 |
3.633.202.000 |
|
Pre-Tax Profit Margin |
16.47 % |
17.38 % |
8.78 % |
|
Return On Capital Employed |
9.41 % |
10.83 % |
4.96 % |
|
Return On Total Assets
Employed |
15.20 % |
17.00 % |
8.31 % |
|
Return On Net Assets
Employed |
56.52 % |
48.80 % |
28.07 % |
|
Sales/Net Working Capital |
3.59 |
3.26 |
4.63 |
|
Stock Turnover Ratio |
26.14 % |
30.36 % |
27.50 % |
|
Debtor Days |
19.57 |
21.57 |
22.35 |
|
Creditor Days |
24.12 |
13.37 |
25.89 |
|
Current Ratio |
1.42 |
1.53 |
1.30 |
|
Liquidity Ratio/Acid Test |
1.03 |
1.01 |
0.92 |
|
Current Debt Ratio |
2.29 |
1.64 |
2.28 |
|
Gearing |
0.01 % |
0 |
0 |
|
Equity In Percentage |
26.98 % |
34.95 % |
29.63 % |
|
Total Debt Ratio |
2.72 |
1.87 |
2.38 |
|
Issued Share Capital |
30.000.000 SEK |
No shareholders data for this company.
|
Name |
Appointment Date |
Position |
|
Konrad, Wolfgang |
30/03/2015 |
Actual Member of Board |
|
Hans Anders Petrus Holmström |
06/03/2012 |
Actual Member of Board |
|
Henry Fred Fordell |
30/03/2015 |
Actual Member of Board |
|
Kent Gustav Gustafsson |
11/05/2006 |
Actual Member of Board |
|
Pär Gösta Mikael Wiström |
11/05/2006 |
Actual Member of Board |
|
Meixner, Willibald |
30/03/2015 |
Substitute |
|
Spannring, Thomas Hubert |
30/03/2015 |
Substitute |
|
Maja Kristina Munktell |
30/03/2015 |
Substitute |
|
Åke Jonny Persson |
30/03/2015 |
Substitute |
|
Name |
Appointment Date |
Position |
Resignation Date |
|
Meixner, Willibald |
17/04/2013 |
Actual Member of Board |
30/03/2015 |
|
Toupin, Thierry René Noël |
02/04/2014 |
Actual Member of Board |
30/03/2015 |
|
Ulf Gunnar Troedsson |
27/10/2009 |
Actual Member of Board |
30/03/2015 |
|
Wunderlich, Ralf Robert |
02/04/2014 |
Actual Member of Board |
30/03/2015 |
|
Erik Jonas Eriksson |
11/05/2006 |
Substitute |
30/03/2015 |
|
Dick Alexander Kindåker |
12/04/2010 |
Substitute |
30/03/2015 |
|
Schmitt, Peter Erich |
06/03/2012 |
Chairman of Board |
02/04/2014 |
|
Tacke, Markus |
12/04/2010 |
Actual Member of Board |
02/04/2014 |
|
Natter, Beatrix |
20/07/2010 |
Actual Member of Board |
17/04/2013 |
|
Blades, Thomas |
01/04/2009 |
Actual Member of Board |
06/03/2012 |
|
Jan-Erik Georg Rydén |
16/07/2007 |
Managing Director |
06/03/2012 |
|
Walprecht, Volker |
25/06/2008 |
Actual Member of Board |
27/12/2011 |
|
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 |
12 |
|
Number
Of Private Claims |
24 |
|
Number
Of Applications |
10 |
|
Number
Of Revoked Applications |
64 |
|
|
|
|
Latest
Public Claim |
|
|
Type |
Crowding-tax |
|
Date |
2015-07-01 |
|
Amount |
520 (SEK) |
|
Currency |
SEK |
|
|
|
|
Debt
Balance |
|
|
|
|
|
Latest
Private Claim |
|
|
Date |
2015-06-30 |
|
Amount |
4500 (SEK) |
|
Currency |
SEK |
|
Creditor |
Ferroprotect i Göteborg AB |
|
Comments |
Decision |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.74 |
|
UK Pound |
1 |
Rs.101.36 |
|
Euro |
1 |
Rs.74.27 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
VNT |
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.