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|
|
MIRA INFORM REPORT
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Report No. : |
497080 |
|
Report Date : |
12.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
SSAB EMEA AB |
|
|
|
|
Registered Office : |
613 80 Oxelösund, Södermanland |
|
|
|
|
Country : |
Sweden |
|
|
|
|
Financials (as on) : |
December 2016 |
|
|
|
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Date of Incorporation : |
10.12.1987 |
|
|
|
|
Com. Reg. No.: |
5563137933 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
· Manufacture of basic iron and steel and of ferro-alloys · Manufacture of coke oven products · Cold rolling of narrow strip · Manufacture of gas · Collection of non-hazardous waste |
|
|
|
|
No. of Employees : |
5626 [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 : |
Regular |
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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 |
|
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 |
SSAB EMEA AB |
|
Country |
SWEDEN |
|
Company
Registration Number |
5563137933 |
|
Activity Code |
24100 |
|
Activity Description |
Manufacture of basic iron and steel and of ferro-alloys |
|
Company Status |
Active (Active) |
|
Latest Turnover
Figure |
19,313,000,000 SEK |
|
Latest
Shareholder Equity Figure |
1,111,000,000 SEK |
Basic Information
|
|
|
Business Name |
SSAB EMEA AB |
|
Registered
Company Name |
SSAB EMEA AB |
|
Company
Registration Number |
5563137933 |
|
Country |
SWEDEN |
|
VAT Registration
Number |
SE556313793301 |
|
Date of Company
Registration |
10/12/1987 |
|
Legal Form |
Limited Liability Company |
|
Company Status |
Active (Active) |
|
Currency of this
Report |
SEK |
|
Principal
Activity Code |
No code |
|
Principal
Activity Description |
- |
|
Contact Address |
613 80 Oxelösund, Södermanland |
|
Contact
Telephone Number |
- - |
Main Address
|
|
|
Address |
613 80 OXELÖSUND, SÖDERMANLAND |
|
Country |
SWEDEN |
|
Telephone |
- - |
Other Addresses
|
|
|
Address |
Country |
|
Slottsvägen SAPA INDUSTRISEVICE AB, 612 31 |
SWEDEN |
|
Klarabergsviadukten 70, 111 64 |
SWEDEN |
|
Svartöns Industriområde, 974 37 |
SWEDEN |
|
Kontorsviksvägen 7, 784 44 |
SWEDEN |
Activities
|
|
|
Activity Code |
Activity
Description |
|
24100 |
Manufacture of basic iron and steel and of ferro-alloys |
|
19100 |
Manufacture of coke oven products |
|
24320 |
Cold rolling of narrow strip |
|
35210 |
Manufacture of gas |
|
38110 |
Collection of non-hazardous waste |
Email Addresses
|
Employee Information
|
|
|
Year |
Number of
Employees |
|
2016 |
5626 |
|
2015 |
5989 |
|
2014 |
5757 |
|
2013 |
4865 |
|
2012 |
5726 |
Advisors
|
|
Auditor Name PricewaterhouseCoopers 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 |
24100 |
|
Activity
Description |
Manufacture of basic iron and steel and of ferro-alloys |
Event History
|
|
|
Event Date |
Event
Description |
|
05/02/2018 |
Certificate, deregistered |
|
05/02/2018 |
Certificate, registered |
|
24/10/2017 |
Group Structure Change |
|
12/10/2017 |
Certificate, deregistered |
|
28/09/2017 |
Group Structure Change |
|
08/09/2017 |
Group Structure Change |
|
14/08/2017 |
Group Structure Change |
|
03/08/2017 |
Group Structure Change |
|
01/08/2017 |
Annual account, new |
|
01/08/2017 |
Limit, increase |
|
24/07/2017 |
Group Structure Change |
|
20/07/2017 |
Annual report (PDF), new |
|
17/07/2017 |
Group Structure Change |
|
14/07/2017 |
Company representatives, changed |
|
14/07/2017 |
Group Structure Change |
|
14/07/2017 |
Authorised signatories amended or new/amended vacancy text |
|
06/07/2017 |
Group Structure Change |
|
15/06/2017 |
Group Structure Change |
|
05/06/2017 |
Group Structure Change |
|
24/05/2017 |
Group Structure Change |
|
18/08/2016 |
Group Structure Change |
|
17/08/2016 |
Group Structure Change |
|
15/08/2016 |
Group Structure Change |
|
01/08/2016 |
Group Structure Change |
|
15/07/2016 |
Group Structure Change |
|
27/06/2016 |
Group Structure Change |
|
20/06/2016 |
Group Structure Change |
|
10/06/2016 |
Group Structure Change |
|
26/05/2016 |
Company representatives, changed |
|
26/05/2016 |
Authorised signatories amended or new/amended vacancy text |
|
25/05/2016 |
Group Structure Change |
|
24/05/2016 |
Limit, decrease |
|
24/05/2016 |
Annual account, new |
|
20/05/2016 |
Group Structure Change |
|
17/05/2016 |
Authorised signatories amended or new/amended vacancy text |
|
17/05/2016 |
Company representatives, changed |
|
16/05/2016 |
Group Structure Change |
|
16/05/2016 |
Annual report (PDF), new |
|
02/05/2016 |
Group Structure Change |
|
27/10/2015 |
Group Structure Change |
|
14/10/2015 |
Group Structure Change |
|
28/09/2015 |
Group Structure Change |
|
Event Date |
Event
Description |
|
11/09/2015 |
Group Structure Change |
|
26/08/2015 |
Authorised signatories amended or new/amended vacancy text |
|
26/08/2015 |
Company representatives, changed |
|
05/08/2015 |
Group Structure Change |
|
27/07/2015 |
Annual account, new |
|
23/07/2015 |
Group Structure Change |
|
14/07/2015 |
Annual report (PDF), new |
|
01/07/2015 |
Group Structure Change |
|
15/06/2015 |
Group Structure Change |
|
12/06/2015 |
Group Structure Change |
|
29/05/2015 |
Group Structure Change |
|
10/04/2015 |
Certificate, registered |
|
17/03/2015 |
Authorised signatories amended or new/amended vacancy text |
|
17/03/2015 |
Company representatives, changed |
|
03/02/2015 |
Certificate, deregistered |
|
09/10/2014 |
Group Structure Change |
|
09/09/2014 |
Authorised signatories amended or new/amended vacancy text |
|
09/09/2014 |
Company representatives, changed |
|
29/08/2014 |
Group Structure Change |
|
14/08/2014 |
Group Structure Change |
|
06/08/2014 |
Group Structure Change |
|
28/07/2014 |
Group Structure Change |
|
11/07/2014 |
Annual account, new |
|
07/07/2014 |
Annual report (PDF), new |
|
19/06/2014 |
Group Structure Change |
|
13/06/2014 |
Group Structure Change |
|
11/06/2014 |
Group Structure Change |
|
19/05/2014 |
Group Structure Change |
|
14/05/2014 |
Group Structure Change |
|
08/05/2014 |
Group Structure Change |
|
05/05/2014 |
Group Structure Change |
|
24/03/2014 |
Group Structure Change |
|
09/09/2013 |
Group Structure Change |
|
05/09/2013 |
Group Structure Change |
|
28/08/2013 |
Annual account, new |
|
28/08/2013 |
Group annual accout, new |
|
21/08/2013 |
Group Structure Change |
|
12/08/2013 |
Group Structure Change |
|
30/07/2013 |
Annual report (PDF), new |
|
09/07/2013 |
Group Structure Change |
|
08/07/2013 |
Group Structure Change |
|
20/05/2013 |
Group Structure Change |
Status History
|
|
No status history events for this company |
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 |
19,797,000,000 |
19,335,000,000 |
19,213,000,000 |
|
Operating Costs |
19,899,000,000 |
19,335,000,000 |
19,762,000,000 |
|
Operating Profit |
-102,000,000 |
- |
-549,000,000 |
|
Financial Income |
16,000,000 |
9,000,000 |
14,000,000 |
|
Financial
Expenses |
225,000,000 |
253,000,000 |
745,000,000 |
|
Extraordinary
Income |
- |
- |
- |
|
Extraordinary
Costs |
- |
- |
- |
|
Profit before
Tax |
-270,000,000 |
- |
-1,273,000,000 |
|
Tax |
17,000,000 |
-14,000,000 |
2,000,000 |
|
Profit after Tax |
-287,000,000 |
14,000,000 |
-1,275,000,000 |
|
Minority
Interests |
- |
- |
- |
|
Other
Appropriations |
360,000,000 |
959,000,000 |
745,000,000 |
|
Retained Profit |
73,000,000 |
- |
-530,000,000 |
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 |
1,134,000,000 |
1,124,000,000 |
1,202,000,000 |
|
Plant & Machinery |
5,985,000,000 |
6,545,000,000 |
6,144,000,000 |
|
Other Tangible
Assets |
581,000,000 |
641,000,000 |
863,000,000 |
|
Total Tangible
Assets |
7,700,000,000 |
8,310,000,000 |
8,209,000,000 |
|
Goodwill |
- |
- |
- |
|
Other Intangible
Assets |
- |
- |
- |
|
Total Intangible
Assets |
- |
- |
- |
|
Loans To Group |
- |
32,000,000 |
29,000,000 |
|
Other Loans |
- |
- |
- |
|
Miscellaneous
Fixed Assets |
781,000,000 |
587,000,000 |
297,000,000 |
|
Total Other
Fixed Assets |
781,000,000 |
619,000,000 |
326,000,000 |
|
TOTAL FIXED
ASSETS |
8,481,000,000 |
8,929,000,000 |
8,535,000,000 |
|
Work In Progress |
- |
- |
- |
|
Other
Inventories |
5,886,000,000 |
4,803,000,000 |
4,858,000,000 |
|
Total
Inventories |
5,886,000,000 |
4,803,000,000 |
4,858,000,000 |
|
Trade
Receivables |
1,755,000,000 |
1,584,000,000 |
1,973,000,000 |
|
Group
Receivables |
4,299,000,000 |
3,714,000,000 |
4,144,000,000 |
|
Miscellaneous
Receivables |
470,000,000 |
430,000,000 |
439,000,000 |
|
Total
Receivables |
6,524,000,000 |
5,728,000,000 |
6,556,000,000 |
|
Cash |
30,000,000 |
51,000,000 |
95,000,000 |
|
Other Current
Assets |
- |
- |
- |
|
TOTAL CURRENT
ASSETS |
12,440,000,000 |
10,582,000,000 |
11,509,000,000 |
|
TOTAL ASSETS |
20,921,000,000 |
19,511,000,000 |
20,044,000,000 |
|
Trade Payables |
2,973,000,000 |
2,130,000,000 |
1,931,000,000 |
|
Bank Liabilities |
- |
- |
- |
|
Group Payables |
12,555,000,000 |
12,446,000,000 |
11,930,000,000 |
|
Miscellaneous
Liabilities |
1,686,000,000 |
1,442,000,000 |
1,454,000,000 |
|
TOTAL CURRENT
LIABILITIES |
17,214,000,000 |
16,018,000,000 |
15,315,000,000 |
|
Bank Liabilities
Due After 1 Year |
- |
- |
- |
|
Other Loans Or Finance Due
After 1 Year |
- |
- |
- |
|
Group Payables
Due After 1 Year |
301,000,000 |
1,000,000 |
1,000,000 |
|
Miscellaneous Liabilities Due After 1 Year |
2,295,000,000 |
2,458,000,000 |
3,507,000,000 |
|
TOTAL LONG TERM
LIABILITIES |
2,596,000,000 |
2,459,000,000 |
3,508,000,000 |
|
TOTAL
LIABILITIES |
19,810,000,000 |
18,477,000,000 |
18,823,000,000 |
|
Called Up Share
Capital |
1,000,000 |
1,000,000 |
1,000,000 |
|
Share Premium |
- |
- |
- |
|
Revenue Reserves |
1,110,000,000 |
1,220,000,000 |
1,220,000,000 |
|
Other Reserves |
- |
- |
- |
|
TOTAL
SHAREHOLDERS EQUITY |
1,111,000,000 |
1,034,000,000 |
1,221,000,000 |
Other Financials
|
|||
|
Financial Year |
12/2016 |
12/2015 |
12/2014 |
|
Contingent
Liabilities |
- |
- |
- |
|
Working Capital |
-4,774,000,000 |
-5,436,000,000 |
-3,806,000,000 |
|
Net Worth |
1,111,000,000 |
1,034,000,000 |
1,221,000,000 |
Ratios
|
|||
|
Financial Year |
12/2016 |
12/2015 |
12/2014 |
|
Pre-Tax Profit
Margin (%) |
-1.36 % |
- |
-6.63 % |
|
Return On
Capital Employed (%) |
-0.71 % |
- |
-3.60 % |
|
Return On Total
Assets Employed (%) |
-1.29 % |
- |
-6.35 % |
|
Return On Net
Assets Employed (%) |
-24.30 % |
- |
-104.26 % |
|
Sales/Net
Working Capital |
-4.15 |
-3.56 |
-5.05 |
|
Stock Turnover
Ratio (%) |
29.73 % |
24.84 % |
25.28 % |
|
Debtor Days |
32.36 |
29.90 |
37.48 |
|
Creditor Days |
54.81 |
40.21 |
36.68 |
|
Current Ratio |
0.72 |
0.66 |
0.75 |
|
Liquidity
Ratio/Acid Test |
0.38 |
0.36 |
0.43 |
|
Current Debt
Ratio |
15.49 |
15.49 |
12.54 |
|
Gearing (%) |
44.37 % |
0.10 % |
4.75 % |
|
Equity In
Percentage (%) |
5.52 % |
5.47 % |
6.19 % |
|
Total Debt Ratio |
17.83 |
17.87 |
15.42 |
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 SEK |
Shareholders
|
|
No shareholders data for this company. |
Current Directors
|
||
|
Name |
Appointment Date |
Position |
|
Erik Martin Lindqvist |
17/01/2011 |
Chairman of Board |
|
Per Olof Birger Stark |
16/03/2015 |
Managing Director |
|
Juha Olavi Huhtala |
08/09/2014 |
Actual Member of Board |
|
Bo Sture Bergvall |
19/01/2010 |
Actual Member of Board |
|
Patrick Alexanderson Sjöholm |
30/07/2011 |
Actual Member of Board |
|
Sven Jonas Bergstrand |
06/08/2008 |
Actual Member of Board |
|
Erik Erland Mikael Henriksson |
13/07/2017 |
Substitute |
|
Tomas Erik Jansson |
25/08/2015 |
Substitute |
Previous Directors
|
|||
|
Name |
Appointment Date |
Position |
Resignation Date |
|
Lars Jimmy Gustavsson |
16/05/2016 |
Substitute |
13/07/2017 |
|
Lars Peter Holmér |
13/11/2012 |
Substitute |
16/05/2016 |
|
Karl Uno Granbom |
19/01/2010 |
Substitute |
25/08/2015 |
|
Klas Lennart Melker Jernberg |
18/11/2011 |
Actual Member of Board |
08/09/2014 |
Group Structure
|
|
No group structure for this company |
Negative Information
|
|
|
Debt Balance No Debt Balance for this company. |
|
|
Record of Non
Payment |
|
|
Number Of
Distraint Or Repossessions |
0 |
|
Number Of Public
Claims |
4 |
|
Number Of
Private Claims |
39 |
|
Number Of
Applications |
22 |
|
Number Of
Revoked Applications |
31 |
|
Latest Public
Claim No Latest Public Claim for this company. Latest Private
Claim |
|
|
Amount |
2511 (SEK) |
|
Currency |
SEK |
|
Creditor |
PostNord Sverige AB |
|
Comments |
Decision |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 65.07 |
|
|
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
: |
PRA |
|
|
|
|
Report Prepared
by : |
TPT |
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.