|
|
|
MIRA INFORM REPORT
|
Report No. : |
516538 |
|
Report Date : |
22.06.2018 |
IDENTIFICATION DETAILS
|
Name : |
OUTOKUMPU STAINLESS AB |
|
|
|
|
Registered Office : |
Box 16377, 103 27 Stockholm, Stockholm |
|
|
|
|
Country : |
Sweden |
|
|
|
|
Financials (as on) : |
December, 2016 |
|
|
|
|
Date of Incorporation : |
17.01.1898 |
|
|
|
|
Com. Reg. No.: |
5560018748 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
Manufacture of basic iron and steel and of ferro-alloys. |
|
|
|
|
No. of Employees : |
1535 (2016) |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A |
|
Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
Status : |
Good |
|
|
|
|
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
|
Country Name |
Previous Rating (31.12.2017) |
Current Rating (01.04.2018) |
|
Sweden |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
SWEDEN - ECONOMIC OVERVIEW
Sweden’s small, open, and competitive economy has been thriving and Sweden has achieved an enviable standard of living with its combination of free-market capitalism and extensive welfare benefits. Sweden remains outside the euro zone largely out of concern that joining the European Economic and Monetary Union would diminish the country’s sovereignty over its welfare system.
Timber, hydropower, and iron ore constitute the resource base of a manufacturing economy that relies heavily on foreign trade. Exports, including engines and other machines, motor vehicles, and telecommunications equipment, account for more than 44% of GDP. Sweden enjoys a current account surplus of about 5% of GDP, which is one of the highest margins in Europe.
GDP grew an estimated 3.3% in 2016 and 2017 driven largely by investment in the construction sector. Economic growth is expected to ease slightly in the coming years as this investment subsides. Global economic growth boosted exports of Swedish manufactures further, helping drive domestic economic growth in 2017. The central bank is keeping an eye on deflationary pressures and is expected to maintain its expansionary monetary policy in 2018. Swedish prices and wages have grown only slightly over the past few years, helping to support the country’s competitiveness.
In the short and medium term Sweden’s economic challenges include keeping rising house prices in check and successfully integrating migrants into the labor market.
|
Source
: CIA |
Company Summary
|
Business Name |
Outokumpu Stainless AB |
|
Country |
SWEDEN |
|
Company Registration Number |
5560018748 |
|
Activity Code |
- |
|
Activity Description |
- |
|
Company Status |
Active (Active) |
|
Latest Turnover Figure |
10,391,000,000 SEK |
|
Latest Shareholder Equity Figure |
6,460,000,000 SEK |
Basic Information
|
Business Name |
Outokumpu Stainless AB |
|
Registered Company Name |
Outokumpu Stainless AB |
|
Company Registration Number |
5560018748 |
|
Country |
SWEDEN |
|
Date of Company Registration |
17/01/1898 |
|
Legal Form |
Limited Liability Company |
|
Company Status |
Active (Active) |
|
Currency of this Report |
SEK |
|
Principal Activity Code |
- |
|
Principal Activity Description |
- |
|
Contact Address |
Box 16377, 103 27
STOCKHOLM, STOCKHOLM |
|
Contact Telephone Number |
0226-81000 |
Main Address
|
Address |
Box 16377, 103 27
STOCKHOLM, STOCKHOLM |
|
Country |
SWEDEN |
|
Telephone |
0226-81000 |
Other Addresses
|
Address |
Country |
|
Koppardalsvägen 44, 774
41 |
SWEDEN |
|
Koppardalsvägen 65, 774
41 |
SWEDEN |
|
Bergsnäsgatan 11
JERNVERKET, 774 41 |
SWEDEN |
|
Klarabergsviadukten 63
WATERFRONT BUILDING, 111 64 |
SWEDEN |
|
Nybyvägen, 644 31 |
SWEDEN |
|
Industrigatan 4, 693 35 |
SWEDEN |
|
Jannelundsvägen, 693 31 |
SWEDEN |
Email Addresses
|
No email addresses for
this company |
Web Pages
Employee Information
|
Year |
Number of Employees |
|
2016 |
1535 |
|
2015 |
1610 |
|
2014 |
1755 |
|
2013 |
1859 |
|
2012 |
1895 |
Advisors
|
Auditor Name Öhrlings PricewaterhouseCoopers AB |
Tax Registrations
|
Registered for FTax |
No |
|
Registered for VAT |
No |
|
Registered for Employee Tax |
No |
Industry Comparison
|
Activity Code |
24100 |
|
Activity Description |
Manufacture of basic iron
and steel and of ferro-alloys |
Event History
|
Event Date Event
Description |
|
06/04/2018 Company representatives, changed |
|
Event Date |
Event Description |
|
06/04/2018 |
Authorised signatories
amended or new/amended vacancy text |
|
23/12/2017 |
Company representatives,
changed |
|
23/12/2017 |
Authorised signatories
amended or new/amended vacancy text |
|
02/12/2017 |
Merge information,
changed |
|
29/11/2017 |
Merge information,
changed |
|
26/09/2017 |
Group Structure Change |
|
13/09/2017 |
Company representatives,
changed |
|
13/09/2017 |
Authorised signatories
amended or new/amended vacancy text |
|
11/09/2017 |
Group Structure Change |
|
05/09/2017 |
Annual account, new |
|
15/08/2017 |
Annual report (PDF), new |
|
07/07/2017 |
Group Structure Change |
|
16/06/2017 |
Group Structure Change |
|
02/06/2017 |
Group Structure Change |
|
09/05/2017 |
Group Structure Change |
|
05/05/2017 |
Group Structure Change |
|
23/11/2016 |
Authorised signatories
amended or new/amended vacancy text |
|
23/11/2016 |
Company representatives,
changed |
|
12/09/2016 |
Group Structure Change |
|
09/09/2016 |
Group Structure Change |
|
01/08/2016 |
Group Structure Change |
|
21/07/2016 |
Annual account, new |
|
14/07/2016 |
Annual report (PDF), new |
|
30/06/2016 |
Group Structure Change |
|
26/05/2016 |
Group Structure Change |
|
20/05/2016 |
Group Structure Change |
|
01/12/2015 |
Authorised signatories
amended or new/amended vacancy text |
|
01/12/2015 |
Company representatives,
changed |
|
14/10/2015 |
Certificate, registered |
|
06/10/2015 |
Group Structure Change |
|
15/09/2015 |
Company representatives,
changed |
|
10/09/2015 |
Group Structure Change |
|
04/09/2015 |
Group Structure Change |
|
04/09/2015 |
Company representatives,
changed |
|
04/09/2015 |
Authorised signatories
amended or new/amended vacancy text |
|
26/08/2015 |
Group Structure Change |
|
24/08/2015 |
Annual account, new |
|
07/08/2015 |
Annual report (PDF), new |
|
03/08/2015 |
Group Structure Change |
|
10/07/2015 |
Group Structure Change |
|
29/06/2015 |
Group Structure Change |
|
13/05/2015 |
Group Structure Change |
|
13/01/2015 |
Authorised signatories
amended or new/amended vacancy text |
|
13/01/2015 |
Company representatives,
changed |
|
Event Date |
Event Description |
|
06/01/2015 |
Certificate, registered |
|
06/01/2015 |
Certificate,
deregistered |
|
03/12/2014 |
Certificate,
deregistered |
|
03/12/2014 |
Certificate, registered |
|
17/10/2014 |
Authorised signatories
amended or new/amended vacancy text |
|
17/10/2014 |
Company representatives,
changed |
|
27/09/2014 |
Authorised signatories
amended or new/amended vacancy text |
|
27/09/2014 |
Company representatives,
changed |
|
19/09/2014 |
Group Structure Change |
|
25/08/2014 |
Group Structure Change |
|
21/08/2014 |
Group Structure Change |
|
20/08/2014 |
Group Structure Change |
|
01/08/2014 |
Annual account, new |
|
30/07/2014 |
Group Structure Change |
|
28/07/2014 |
Annual report (PDF), new |
|
20/06/2014 |
Group Structure Change |
|
13/09/2013 |
Company representatives,
changed |
|
13/09/2013 |
Authorised signatories
amended or new/amended vacancy text |
|
05/09/2013 |
Group Structure Change |
|
22/08/2013 |
Group Structure Change |
|
19/08/2013 |
Annual account, new |
|
08/08/2013 |
Group Structure Change |
|
02/08/2013 |
Group Structure Change |
|
24/07/2013 |
Annual report (PDF), new |
|
08/07/2013 |
Group Structure Change |
Status History
|
Date |
28/11/2017 |
|
Event Description |
Merger ongoing |
|
Applicant |
|
|
Bankruptcy Trustee |
|
|
Company Name |
|
|
Address |
|
|
Court Name |
|
|
Additional Text |
|
|
Date |
28/11/2017 |
|
Event Description |
Merger ongoing |
|
Applicant |
|
|
Bankruptcy Trustee |
|
|
Company Name |
|
|
Address |
|
|
Court Name |
|
|
Additional Text |
|
|
Date 01/12/2017 |
|
Event Description Merger cessation |
|
Applicant |
|
Bankruptcy Trustee |
|
Company Name |
|
Address |
|
Court Name |
|
Additional Text |
Financial
|
Profit and Loss |
|
|||
|
Financial Year |
12/2016 |
12/2015 |
12/2014 |
|
|
Number of Weeks |
52 |
52 |
52 |
|
|
Currency |
SEK |
SEK |
SEK |
|
|
Consolidated Accounts |
No |
No |
No |
|
|
Revenue |
10,463,000,000 |
11,506,000,000 |
10,951,000,000 |
|
|
Operating Costs |
9,857,000,000 |
11,384,000,000 |
10,993,000,000 |
|
|
Operating Profit |
606,000,000 |
122,000,000 |
-42,000,000 |
|
|
Wages & Salaries |
1,085,000,000 |
1,143,000,000 |
1,229,000,000 |
|
|
Depreciation |
299,000,000 |
366,000,000 |
389,000,000 |
|
|
Financial Income |
16,000,000 |
138,000,000 |
41,000,000 |
|
|
Financial Expenses |
566,000,000 |
454,000,000 |
509,000,000 |
|
|
Extraordinary Income |
- |
- |
- |
|
|
Extraordinary Costs |
- |
- |
- |
|
|
Profit before Tax |
-21,000,000 |
-89,000,000 |
-441,000,000 |
|
|
Tax |
- |
- |
- |
|
|
Profit after Tax |
-21,000,000 |
-89,000,000 |
-441,000,000 |
|
|
Minority Interests |
- |
- |
- |
|
|
Other Appropriations |
72,000,000 |
71,000,000 |
108,000,000 |
|
|
Retained Profit |
51,000,000 |
-18,000,000 |
-333,000,000 |
|
|
Balance Sheet |
|||
|
Financial Year |
12/2016 |
12/2015 |
12/2014 |
|
Number of Weeks |
52 |
52 |
52 |
|
Currency |
SEK |
SEK |
SEK |
|
Consolidated Accounts |
No |
No |
No |
|
Land & Buildings |
433,000,000 |
471,000,000 |
507,000,000 |
|
Plant & Machinery |
1,987,000,000 |
2,119,000,000 |
2,268,000,000 |
|
Other Tangible Assets |
38,000,000 |
66,000,000 |
124,000,000 |
|
Total Tangible Assets |
2,458,000,000 |
2,656,000,000 |
2,899,000,000 |
|
Goodwill |
- |
- |
- |
|
Other Intangible Assets |
- |
- |
- |
|
Total Intangible Assets |
- |
- |
- |
|
Loans To Group |
3,000,000 |
2,000,000 |
2,000,000 |
|
Other Loans |
- |
- |
- |
|
Miscellaneous Fixed Assets |
7,903,000,000 |
8,066,000,000 |
7,975,000,000 |
|
Total Other Fixed Assets |
7,906,000,000 |
8,068,000,000 |
7,977,000,000 |
|
TOTAL FIXED ASSETS |
10,364,000,000 |
10,724,000,000 |
10,876,000,000 |
|
Work In Progress |
- |
- |
- |
|
Other Inventories |
1,868,000,000 |
1,724,000,000 |
2,138,000,000 |
|
Total Inventories |
1,868,000,000 |
1,724,000,000 |
2,138,000,000 |
|
Trade Receivables |
701,000,000 |
632,000,000 |
755,000,000 |
|
Group Receivables |
2,166,000,000 |
2,471,000,000 |
2,079,000,000 |
|
Miscellaneous Receivables |
137,000,000 |
128,000,000 |
277,000,000 |
|
Total Receivables |
3,004,000,000 |
3,231,000,000 |
3,111,000,000 |
|
Cash |
- |
- |
- |
|
Other Current Assets |
- |
- |
- |
|
TOTAL CURRENT ASSETS |
4,872,000,000 |
4,955,000,000 |
5,249,000,000 |
|
TOTAL ASSETS |
15,236,000,000 |
15,679,000,000 |
16,125,000,000 |
|
Trade Payables |
1,293,000,000 |
4,137,000,000 |
1,166,000,000 |
|
Bank Liabilities |
- |
1,006,000,000 |
- |
|
Group Payables |
3,513,000,000 |
- |
4,120,000,000 |
|
Miscellaneous Liabilities |
350,000,000 |
397,000,000 |
468,000,000 |
|
TOTAL CURRENT LIABILITIES |
5,156,000,000 |
5,540,000,000 |
5,754,000,000 |
|
Bank Liabilities Due After 1 Year |
- |
- |
- |
|
Other Loans Or Finance Due
After 1 Year |
- |
- |
- |
|
Group Payables Due After 1 Year |
3,350,000,000 |
3,500,000,000 |
3,755,000,000 |
|
Miscellaneous Liabilities Due After 1 Year |
270,000,000 |
230,000,000 |
190,000,000 |
|
TOTAL LONG TERM LIABILITIES |
3,620,000,000 |
3,730,000,000 |
3,945,000,000 |
|
TOTAL LIABILITIES |
8,776,000,000 |
9,270,000,000 |
9,699,000,000 |
|
Called Up Share Capital |
1,580,000,000 |
1,580,000,000 |
1,580,000,000 |
|
Share Premium |
- |
- |
- |
|
Revenue Reserves |
4,741,000,000 |
4,690,000,000 |
7,000,000 |
|
Other Reserves |
139,000,000 |
139,000,000 |
4,839,000,000 |
|
TOTAL SHAREHOLDERS EQUITY |
6,460,000,000 |
6,409,000,000 |
6,426,000,000 |
Other Financials
|
Financial Year |
12/2016 |
12/2015 |
12/2014 |
|
Contingent Liabilities |
7,904,000,000 |
7,904,000,000 |
12,951,000,000 |
|
Working Capital |
-284,000,000 |
-585,000,000 |
-505,000,000 |
|
Net Worth |
6,460,000,000 |
6,409,000,000 |
6,426,000,000 |
Ratios
|
Financial Year |
12/2016 |
12/2015 |
12/2014 |
|
Pre-Tax Profit Margin (%) |
-0.20 % |
-0.77 % |
-4.03 % |
|
Return On Capital Employed (%) |
-0.10 % |
-0.42 % |
-2.02 % |
|
Return On Total Assets Employed (%) |
-0.14 % |
-0.57 % |
-2.73 % |
|
Return On Net Assets Employed (%) |
-0.33 % |
-1.39 % |
-6.86 % |
|
Sales/Net Working Capital |
-36.84 |
-19.67 |
-21.69 |
|
Stock Turnover Ratio (%) |
17.85 % |
14.98 % |
19.52 % |
|
Debtor Days |
24.45 |
20.05 |
25.16 |
|
Creditor Days |
45.11 |
131.24 |
38.86 |
|
Current Ratio |
0.94 |
0.89 |
0.91 |
|
Liquidity Ratio/Acid Test |
0.58 |
0.58 |
0.54 |
|
Current Debt Ratio |
0.80 |
0.86 |
0.90 |
|
Gearing (%) |
51.87 % |
70.32 % |
58.45 % |
|
Equity In Percentage (%) |
88.13 % |
84.21 % |
78.87 % |
|
Total Debt Ratio |
1.36 |
1.45 |
1.51 |
Additional Financials Items
|
Year End Date |
2016 |
2015 |
2014 |
|
Audited Accounts |
Yes |
Yes |
Yes |
|
Auditor Comments |
- |
- |
- |
Share Capital Structure
|
Issued Share Capital 1,580,001,000 SEK |
Shareholders
|
No shareholders data for
this company. |
Current Directors
|
Name |
Appointment Date |
Position |
|
Mats Allan Nordén |
07/11/2011 |
Chairman of Board |
|
Ernst Johan Patrik
Sundell |
26/09/2014 |
Actual Member of Board |
|
Marie Ann-Sofie Larsson |
12/09/2017 |
Actual Member of Board |
|
Niklas Benny Wass |
05/04/2018 |
Actual Member of Board |
|
Pål Torsten Åström |
26/09/2014 |
Actual Member of Board |
|
Emil Iliev Zhekov |
18/10/2012 |
Substitute |
|
Erik Johan Patrik Sundin |
26/09/2014 |
Substitute |
Previous Directors
|
Name |
Appointment Date |
Position |
Resignation Date |
|
Karl Tony Ove Andersson |
26/09/2014 |
Actual Member of Board |
05/04/2018 |
|
Bjarne Kent Öllgaard
Rasmussen |
26/09/2014 |
Actual Member of Board |
12/09/2017 |
|
Bengt Olov Anders
Bergstrand |
24/02/2010 |
Actual Member of Board |
26/09/2014 |
|
Anders Lennart Finnström |
16/08/2006 |
Actual Member of Board |
26/09/2014 |
|
Mikael Karl-Erik Matsson |
18/10/2012 |
Actual Member of Board |
26/09/2014 |
|
Leif Arne Rosén |
09/07/2008 |
Actual Member of Board |
26/09/2014 |
|
Jacob Nils Tage Sandberg |
07/11/2011 |
Actual Member of Board |
26/09/2014 |
|
Herbert Wasserfaller |
16/11/2007 |
Substitute |
26/09/2014 |
|
Jarmo Tapio Tonteri |
12/09/2013 |
Foreign Resident in the
EEA |
26/09/2014 |
Group
Structure
|
Company Name |
|
Number |
Status |
Latest Annual |
|
|
|
|
Accounts |
|
|
0 |
Outokumpu Europe Oy |
08233124 |
31/12/2016 |
|
|
1 |
Outokumpu Stainless AB |
5560018748 |
31/12/2016 |
|
|
2 |
Outokumpu Industriunderhåll AB |
5561830505 |
31/12/2016 |
|
|
2 |
Avesta Klippcenter AB |
5565098109 |
31/12/2016 |
|
|
2 |
Outokumpu As |
934869028 |
31/12/2016 |
|
|
2 |
Outokumpu A/S |
|
- |
|
|
2 |
Outokumpu Benelux B.V. |
33196410 |
31/12/2016 |
|
|
2 |
Outokumpu Gesmbh |
|
- |
|
|
2 |
Outokumpu Nv |
401923656 |
31/12/2015 |
|
|
2 |
Outokumpu Nordic Aktiebolag |
5560691924 |
31/12/2016 |
|
|
2 |
Outokumpu Prefab AB |
5562328897 |
31/12/2016 |
|
|
2 |
Outokumpu Press Plate AB |
5560508839 |
31/12/2016 |
|
|
2 |
Outokumpu Pte Ltd. |
|
- |
|
|
2 |
Outokumpu Pty Ltd |
|
- |
|
|
2 |
Outokumpu S.A.S |
|
- |
|
|
2 |
Outokumpu |
A28202729 |
31/12/2016 |
|
|
2 |
Outokumpu Sp. Z.O.O. |
|
- |
|
|
2 |
Outokumpu Stainless Holdings Limited |
02721293 |
31/12/2016 |
|
|
|
|
|
|
Accounts |
|
2 |
Outokumpu Stainless Inc. |
US11614627 |
|
- |
|
2 |
Visent Invest Aktiebolag |
5560359076 |
|
31/12/2016 |
|
2 |
Visenta Försäkringsaktiebolag |
5164018680 |
|
- |
Negative Information
|
Debt Balance |
|
|
No Debt Balance for this
company. 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 Latest Public Claim |
0 |
|
No Latest Public Claim for
this company. Latest Private Claim |
|
|
Date |
|
|
Amount |
12703 (SEK) |
|
Currency |
SEK |
|
Creditor |
PostNord Sverige AB |
|
Comments |
Descision reopen on
court: 2015-06-12 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 68.20 |
|
UK Pound |
1 |
INR 89.58 |
|
Euro |
1 |
INR 78.79 |
|
SEK |
1 |
INR 7.65 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
VIV |
|
|
|
|
Report Prepared
by : |
POJ |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
D |
High Risk |
Business dealing not recommended or on
secured terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
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 are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.