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MIRA
INFORM REPORT
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Report No. : |
496181 |
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Report Date : |
12.03.2018 |
IDENTIFICATION DETAILS
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Name : |
METSA
BOARD SVERIGE AB |
|
|
|
|
Registered Office : |
Husums
Fabrik, 896 80 Husum, Vasternorrland |
|
|
|
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Country : |
Sweden |
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|
|
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Financials (as on) : |
December
2016 |
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|
|
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Date of Incorporation : |
18.02.2000 |
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|
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Com. Reg. No.: |
5565858866 |
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|
|
|
Legal Form : |
Limited
liability company |
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|
|
|
Line of Business : |
·
Manufacture
of other paper and paperboard ·
Manufacture of sulphate pulp |
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|
|
|
No. of Employees : |
749
|
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 |
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Status : |
Satisfactory |
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|
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Payment Behaviour : |
No Complaints |
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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 (30.09.2017) |
Current Rating (31.12.2017) |
|
Sweden |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
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Low Risk |
A2 |
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Moderately Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderately High Risk |
C1 |
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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.
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Source : CIA |
Company Summary
|
Business
Name |
Metsa
Board Sverige AB |
|
Country |
SWEDEN |
|
Company Registration Number |
5565858866 |
|
Activity Code |
17129 |
|
Activity Description |
Manufacture
of other paper and paperboard |
|
Company Status |
Active
(Active) |
|
Latest Turnover Figure |
4,265,232,000
SEK |
|
Latest Shareholder Equity Figure |
1,061,205,000
SEK |
Basic Information
|
Business Name |
Metsa Board Sverige AB |
|
Registered Company Name |
Metsa Board Sverige AB |
|
Company Registration Number |
5565858866 |
|
Country |
SWEDEN |
|
VAT Registration Number |
SE556585886601 |
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Date of Company Registration |
18/02/2000 |
|
Legal Form |
Limited liability company |
|
Company Status |
Active (Active) |
|
Currency of this Report |
SEK |
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Principal Activity Code |
No code |
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Principal Activity Description - |
|
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Contact Address |
Husums fabrik, 896 80 HUSUM, VASTERNORRLAND |
Main Address
|
Address |
Husums fabrik, 896 80 HUSUM, VASTERNORRLAND |
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Country |
SWEDEN |
Activities
|
Activity Code |
Activity Description |
|
17129 |
Manufacture of other paper and paperboard |
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17112 |
Manufacture of sulphate pulp |
Email Addresses
No email addresses for this company
Employee Information
|
Year |
Number of Employees |
|
2016 |
749 |
|
2015 |
856 |
|
2014 |
862 |
|
2013 |
856 |
|
2012 |
879 |
Advisors
|
Auditor Name |
KPMG AB |
Tax Registrations
|
Registered for FTax |
Yes |
|
Registered for VAT |
Yes |
|
Registered for Employee Tax |
Yes |
Certificates
No
certificate information for this company
Industry Comparison
|
Activity Code |
17129 |
|
Activity Description |
Manufacture of other paper and paperboard |
Event History
|
Event Date |
Event Description |
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05/02/2018 |
Certificate, registered |
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06/12/2017 |
Company representatives, changed |
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04/08/2017 |
Annual account, new |
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21/07/2017 |
Annual report, new |
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07/02/2017 |
Certificate, registered |
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07/02/2017 |
Certificate, deregistered |
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05/10/2016 |
Authorised signatories amended or new/amended
vacancy text |
|
05/10/2016 |
Company representatives, changed |
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25/08/2016 |
Authorised signatories amended or new/amended
vacancy text |
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25/08/2016 |
Company representatives, changed |
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11/08/2016 |
Group Structure Change |
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28/07/2016 |
Annual account, new |
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28/07/2016 |
Company representatives, changed |
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28/07/2016 |
Authorised signatories amended or new/amended
vacancy text |
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21/07/2016 |
Annual report, new |
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10/08/2015 |
Annual account, new |
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27/07/2015 |
Annual report, new |
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09/07/2015 |
Company representatives, changed |
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09/07/2015 |
Authorised signatories amended or new/amended
vacancy text |
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10/04/2015 |
Authorised signatories amended or new/amended
vacancy text |
|
10/04/2015 |
Company representatives, changed |
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06/02/2015 |
Company representatives, changed |
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06/02/2015 |
Authorised signatories amended or new/amended
vacancy text |
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03/02/2015 |
Certificate, registered |
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06/01/2015 |
Certificate, deregistered |
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03/12/2014 |
Certificate, deregistered |
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03/12/2014 |
Certificate, registered |
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16/10/2014 |
Company representatives, changed |
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16/10/2014 |
Authorised signatories amended or new/amended
vacancy text |
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08/10/2014 |
Certificate, registered |
|
12/08/2014 |
Authorised signatories amended or new/amended
vacancy text |
|
12/08/2014 |
Company representatives, changed |
|
12/08/2014 |
Annual account, new |
|
06/08/2014 |
Annual report, new |
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19/07/2014 |
Authorised signatories amended or new/amended
vacancy text |
|
19/07/2014 |
Company representatives, changed |
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04/03/2014 |
Certificate, deregistered |
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06/01/2014 |
Group Structure Change |
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13/11/2013 |
Certificate, deregistered |
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24/04/2013 |
Annual report, new |
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24/04/2013 |
Annual account, new |
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24/04/2013 |
Group annual accout, new |
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23/04/2013 |
Annual report, new |
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16/04/2013 |
Annual report, new |
Status History
No status history events
for this company
Financials
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Profit and Loss |
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Financial Year |
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|
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Number of Weeks |
|
|
|
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Currency |
SEK |
SEK |
SEK |
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Consolidated Accounts |
No |
No |
No |
|
Revenue |
4,582,146,000 |
5,403,177,000 |
5,929,314,000 |
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Operating Costs |
4,870,564,000 |
5,403,177,000 |
5,741,729,000 |
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Operating Profit |
-288,418,000 |
- |
187,585,000 |
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Wages & Salaries |
591,020,000 |
638,572,000 |
707,646,000 |
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Depreciation |
397,964,000 |
443,885,000 |
371,203,000 |
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Financial Income |
12,000 |
238,000 |
3,180,000 |
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Financial Expenses |
46,819,000 |
19,158,000 |
63,890,000 |
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Profit before Tax |
-335,225,000 |
- |
127,595,000 |
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Tax |
-2,533,000 |
41,393,000 |
7,935,000 |
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Profit after Tax |
-332,692,000 |
-41,393,000 |
119,660,000 |
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Other Appropriations |
295,715,000 |
-20,880,000 |
-93,835,000 |
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Retained Profit |
-36,977,000 |
- |
25,825,000 |
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Balance Sheet Financial Year |
12/2016 |
12/2015 |
12/2014 |
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Number of Weeks |
52 |
52 |
52 |
|
Currency |
SEK |
SEK |
SEK |
|
Consolidated Accounts |
No |
No |
No |
|
Land & Buildings |
347,119,000 |
264,866,000 |
280,345,000 |
|
Plant & Machinery |
3,265,579,000 |
1,704,076,000 |
2,049,619,000 |
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Other Tangible Assets |
255,331,000 |
1,351,281,000 |
30,400,000 |
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Total Tangible Assets |
3,868,029,000 |
3,320,223,000 |
2,360,364,000 |
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Other Intangible Assets |
37,539,000 |
6,190,000 |
29,067,000 |
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Total Intangible Assets |
37,539,000 |
6,190,000 |
29,067,000 |
|
Miscellaneous Fixed Assets |
1,821,000 |
1,821,000 |
1,821,000 |
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Total Other Fixed Assets |
1,821,000 |
1,821,000 |
1,821,000 |
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TOTAL FIXED ASSETS |
3,907,388,000 |
3,328,235,000 |
2,391,252,000 |
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Other Inventories |
1,284,420,000 |
639,383,000 |
838,350,000 |
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Total Inventories |
1,284,420,000 |
639,383,000 |
838,350,000 |
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Trade Receivables |
619,447,000 |
509,772,000 |
800,069,000 |
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Group Receivables |
76,703,000 |
86,749,000 |
416,866,000 |
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Miscellaneous Receivables |
154,976,000 |
108,499,000 |
100,763,000 |
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Total Receivables |
851,126,000 |
705,020,000 |
1,317,698,000 |
|
Cash |
398,000 |
437,000 |
235,000 |
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TOTAL CURRENT ASSETS |
2,135,944,000 |
1,344,840,000 |
2,156,283,000 |
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TOTAL ASSETS |
6,043,332,000 |
4,673,075,000 |
4,547,535,000 |
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Trade Payables |
272,114,000 |
470,263,000 |
312,963,000 |
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Bank Liabilities |
- |
- |
- |
|
Group Payables |
838,727,000 |
134,175,000 |
192,829,000 |
|
Miscellaneous Liabilities |
308,106,000 |
341,335,000 |
367,272,000 |
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TOTAL CURRENT LIABILITIES |
1,418,947,000 |
945,773,000 |
873,064,000 |
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Bank Liabilities Due After 1 Year |
- |
- |
- |
|
Other Loans Or Finance Due After 1 Year |
- |
- |
- |
|
Group Payables Due After 1 Year |
3,300,000,000 |
1,950,000,000 |
1,950,000,000 |
|
Miscellaneous Liabilities Due After 1 Year |
263,180,000 |
679,120,000 |
773,613,000 |
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TOTAL LONG TERM LIABILITIES |
3,563,180,000 |
2,629,120,000 |
2,723,613,000 |
|
TOTAL LIABILITIES |
4,982,127,000 |
3,574,893,000 |
3,596,677,000 |
|
Called Up Share Capital |
1,000,000,000 |
1,000,000,000 |
1,000,000,000 |
|
Share Premium |
- |
- |
- |
|
Revenue Reserves |
61,205,000 |
-49,142,000 |
-49,142,000 |
|
Other Reserves |
- |
- |
- |
|
TOTAL SHAREHOLDERS EQUITY |
1,061,205,000 |
1,098,182,000 |
950,858,000 |
|
Other Financials Financial Year |
12/2016 |
12/2015 |
12/2014 |
|
Contingent Liabilities |
- |
- |
- |
|
Working Capital |
716,997,000 |
399,067,000 |
1,283,219,000 |
|
Net Worth |
1,023,666,000 |
1,091,992,000 |
921,791,000 |
|
Ratios Financial Year |
12/2016 |
12/2015 |
12/2014 |
|
Pre-Tax Profit Margin (%) |
-7.32 % |
- |
2.15 % |
|
Return On Capital Employed (%) |
-4.49 % |
- |
2.35 % |
|
Return On Total Assets Employed (%) |
-5.55 % |
- |
2.81 % |
|
Return On Net Assets Employed (%) |
-31.59 % |
- |
13.42 % |
|
Sales/Net Working Capital |
6.39 |
13.54 |
4.62 |
|
Stock Turnover Ratio (%) |
28.03 % |
11.83 % |
14.14 % |
|
Debtor Days |
49.34 |
34.44 |
49.25 |
|
Creditor Days |
21.68 |
31.77 |
19.27 |
|
Current Ratio |
1.51 |
1.42 |
2.47 |
|
Liquidity Ratio/Acid Test |
0.60 |
0.75 |
1.51 |
|
Current Debt Ratio |
1.34 |
0.86 |
0.92 |
|
Gearing (%) |
310.97 % |
177.57 % |
205.08 % |
|
Equity In Percentage (%) |
17.68 % |
23.54 % |
21.05 % |
|
Total Debt Ratio |
4.69 |
3.26 |
3.78 |
Additional Financials Items
|
Year End Date |
|
2016 |
2015 |
2014 |
|
Audited Accounts |
|
Yes |
Yes |
Yes |
|
Auditor Comments |
|
- |
- |
- |
Share Capital Structure
Issued Share Capital 1,000,000,000 SEK
Shareholders
No shareholders data for this company.
Current Directors
|
Name |
Appointment Date |
Position |
|
Jussi Matti Noponen |
04/10/2016 |
Actual Member of Board |
|
Pertti Juhani Hietaniemi |
04/10/2016 |
Actual Member of Board |
|
Kjell Jonas Molander |
04/10/2016 |
Actual Member of Board |
|
Leif Gustav Kenneth Olsson |
20/05/2006 |
Actual Member of Board |
|
Leif Hakan Eriksen |
12/05/2009 |
Actual Member of Board |
|
Britt-Lis Maria Nordling Bystrom |
25/05/2011 |
Substitute |
|
Per Gosta Jonsson |
02/09/2008 |
Substitute |
Previous Directors
|
Name |
Appointment Date |
Position |
Resignation Date |
|
Kjell Anders Ek |
27/07/2016 |
Foreign Resident in the EEA |
04/10/2016 |
|
Per Markus Holm |
18/07/2014 |
Actual Member of Board |
04/10/2016 |
|
Jan Peter Svensson |
30/04/2008 |
Actual Member of Board |
04/10/2016 |
|
Seppo Tapani Puotinen |
09/04/2015 |
Foreign Resident in the EEA |
08/07/2015 |
|
Matti Kullervo Morsky |
12/05/2009 |
Actual Member of Board |
18/07/2014 |
Group Structure
No group structure for this company
Negative Information
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Debt Balance |
|
|
No Debt Balance for this company. |
|
|
Record of Non Payment |
|
|
Number Of Distraint Or Repossessions |
0 |
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Number Of Public Claims |
0 |
|
Number Of Private Claims |
2 |
|
Number Of Applications |
0 |
|
Number Of Revoked Applications |
4 |
|
Latest Public Claim |
|
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No Latest Public Claim for this company. |
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Latest Private Claim |
|
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Date |
|
|
Amount |
24281 (SEK) |
|
Currency |
SEK |
|
Creditor |
SUEZ Recycling AB |
|
Comments |
Decision |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 65.08 |
|
|
1 |
INR 89.85 |
|
Euro |
1 |
INR 80.16 |
|
SEK |
1 |
INR 7.90 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
SYL |
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.