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MIRA
INFORM REPORT
|
Report No. : |
500503 |
|
Report Date : |
27.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
BILLERUDKORSNÄS AKTIEBOLAG (PUBL) |
|
|
|
|
Registered Office : |
Box 703, 169 27 Solna, Stockholm |
|
|
|
|
Country : |
Sweden |
|
|
|
|
Financials (as on) : |
December 2016 |
|
|
|
|
Date of Incorporation : |
29.12.1926 |
|
|
|
|
Com. Reg. No.: |
5560255001 |
|
|
|
|
Legal Form : |
Limited liability company |
|
|
|
|
Line of Business : |
Activities of head offices [We tried to confirm / obtain the detailed activity but the same is
not available from any sources] |
|
|
|
|
No. of Employees : |
100 (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 |
|
|
|
|
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 |
BillerudKorsnäs Aktiebolag (publ) |
|
Country |
SWEDEN |
|
Company Registration Number |
5560255001 |
|
Activity Code |
70100 |
|
Activity Description |
Activities of head offices |
|
Company Status |
Active (Active) |
|
Latest Turnover Figure |
462,000,000 SEK |
|
Latest Shareholder Equity Figure |
7,292,000,000 SEK |
Basic Information
|
Business Name |
BillerudKorsnäs Aktiebolag (publ) |
|
Registered Company Name |
BillerudKorsnäs Aktiebolag (publ) |
|
Company Registration Number |
5560255001 |
|
Country |
SWEDEN |
|
VAT Registration Number |
SE556025500101 |
|
Date of Company Registration |
29/12/1926 |
|
Legal Form |
Limited liability company |
|
Company Status |
Active (Active) |
|
Currency of this Report |
SEK |
|
Principal Activity Code |
No code |
|
Principal Activity Description |
- |
|
Contact Address |
Box 703, 169 27 SOLNA, STOCKHOLM |
|
Contact Telephone Number |
- |
Main Address
|
Address |
Box 703, 169 27 SOLNA, STOCKHOLM |
|
Country |
SWEDEN |
|
Telephone |
- |
Activities
|
Activity Code |
Activity Description |
|
70100 |
Activities of head offices |
Email Addresses
info@billerudkorsnas.com
Web Pages
www.billerud.se
Employee Information
|
Year |
Number of Employees |
|
2016 |
100 |
|
2015 |
96 |
|
2014 |
914 |
|
2013 |
948 |
|
2012 |
941 |
Advisors
|
Auditor Name |
KPMG AB |
Tax Registrations
|
Registered for FTax |
Yes |
|
Registered for VAT |
Yes |
|
Registered for Employee Tax |
Yes |
Certificates
|
Type |
Category |
Issuer |
|
No certificate information for this company |
|
|
Industry Comparison
|
Activity Code |
70100 |
|
Activity Description |
Activities of head offices |
Event History
|
Event Date |
Event Description |
|
05/01/2018 |
Company representatives, changed |
|
05/01/2018 |
Authorised signatories amended or new/amended vacancy text |
|
12/09/2017 |
Group Structure Change |
|
11/09/2017 |
Group Structure Change |
|
08/09/2017 |
Group Structure Change |
|
07/09/2017 |
Group Structure Change |
|
23/08/2017 |
Interim report (PDF), new |
|
07/08/2017 |
Group Structure Change |
|
31/07/2017 |
Group Structure Change |
|
13/06/2017 |
Company representatives, changed |
|
13/06/2017 |
Authorised signatories amended or new/amended vacancy text |
|
01/06/2017 |
Group Structure Change |
|
26/05/2017 |
Annual account, new |
|
26/05/2017 |
Group annual accout, new |
|
19/05/2017 |
Annual report (PDF), new |
|
05/09/2016 |
Interim report (PDF), new |
|
18/08/2016 |
Group Structure Change |
|
10/06/2016 |
Group Structure Change |
|
08/06/2016 |
Group annual accout, new |
|
08/06/2016 |
Annual account, new |
|
04/06/2016 |
Authorised signatories amended or new/amended vacancy text |
|
04/06/2016 |
Company representatives, changed |
|
31/05/2016 |
Annual report (PDF), new |
|
27/04/2016 |
Group Structure Change |
|
23/02/2016 |
Group Structure Change |
|
06/11/2015 |
Group Structure Change |
|
29/10/2015 |
Group Structure Change |
|
27/10/2015 |
Group Structure Change |
|
05/10/2015 |
Group Structure Change |
|
28/08/2015 |
Interim report (PDF), new |
|
19/08/2015 |
Group Structure Change |
|
13/08/2015 |
Group Structure Change |
|
06/08/2015 |
Company representatives, changed |
|
06/08/2015 |
Authorised signatories amended or new/amended vacancy text |
|
28/07/2015 |
Group Structure Change |
|
29/06/2015 |
Group Structure Change |
|
19/06/2015 |
Group annual accout, new |
|
19/06/2015 |
Annual account, new |
|
12/06/2015 |
Annual report (PDF), new |
|
29/05/2015 |
Company representatives, changed |
|
29/05/2015 |
Authorised signatories amended or new/amended vacancy text |
|
10/04/2015 |
Certificate, deregistered |
|
06/01/2015 |
Certificate, deregistered |
|
03/12/2014 |
Certificate, registered |
|
03/12/2014 |
Certificate, deregistered |
|
10/10/2014 |
Group Structure Change |
|
08/10/2014 |
Certificate, deregistered |
|
08/10/2014 |
Certificate, registered |
|
30/09/2014 |
Certificate, deregistered |
|
30/09/2014 |
Certificate, registered |
|
18/09/2014 |
Group Structure Change |
|
09/09/2014 |
Interim report (PDF), new |
|
27/08/2014 |
Company representatives, changed |
|
25/08/2014 |
Group Structure Change |
|
07/08/2014 |
Group Structure Change |
|
01/08/2014 |
Group Structure Change |
|
24/06/2014 |
Group annual accout, new |
|
24/06/2014 |
Annual account, new |
|
17/06/2014 |
Annual report (PDF), new |
|
22/05/2014 |
Company representatives, changed |
|
22/05/2014 |
Authorised signatories amended or new/amended vacancy text |
|
14/11/2013 |
Group Structure Change |
|
08/11/2013 |
Group Structure Change |
|
03/10/2013 |
Group Structure Change |
|
01/10/2013 |
Group Structure Change |
|
03/09/2013 |
Interim report (PDF), new |
|
14/08/2013 |
Group Structure Change |
|
06/08/2013 |
Certificate, deregistered |
|
06/08/2013 |
Group Structure Change |
|
05/08/2013 |
Group Structure Change |
|
02/08/2013 |
Group Structure Change |
|
12/07/2013 |
Group Structure Change |
|
04/07/2013 |
Annual account, new |
|
04/07/2013 |
Group annual accout, new |
|
01/07/2013 |
Annual report (PDF), new |
|
01/07/2013 |
Group Structure Change |
|
27/06/2013 |
Annual report (PDF), new |
|
24/06/2013 |
Group Structure Change |
|
04/06/2013 |
Certificate, registered |
|
31/05/2013 |
Company business activity, changed |
|
07/05/2013 |
Certificate, deregistered |
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 |
482,000,000 |
256,000,000 |
3,834,000,000 |
|
Operating Costs |
509,000,000 |
441,000,000 |
5,180,000,000 |
|
Operating Profit |
-27,000,000 |
-185,000,000 |
-1,346,000,000 |
|
Wages & Salaries |
223,000,000 |
206,000,000 |
734,000,000 |
|
Depreciation |
1,000,000 |
1,000,000 |
254,000,000 |
|
Financial Income |
3,000,000 |
3,000,000 |
30,000,000 |
|
Financial Expenses |
154,000,000 |
207,000,000 |
223,000,000 |
|
Extraordinary Income |
- |
- |
- |
|
Extraordinary Costs |
- |
- |
- |
|
Profit before Tax |
-148,000,000 |
1,133,000,000 |
-1,509,000,000 |
|
Tax |
245,000,000 |
69,000,000 |
-133,000,000 |
|
Profit after Tax |
-393,000,000 |
1,064,000,000 |
-1,376,000,000 |
|
Minority Interests |
- |
- |
- |
|
Other Appropriations |
1,291,000,000 |
707,000,000 |
950,000,000 |
|
Retained Profit |
898,000,000 |
1,771,000,000 |
-426,000,000 |
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 |
7,000,000 |
7,000,000 |
7,000,000 |
|
Plant & Machinery |
2,000,000 |
1,000,000 |
2,000,000 |
|
Other Tangible Assets |
1,000,000 |
1,000,000 |
- |
|
Total Tangible Assets |
10,000,000 |
9,000,000 |
9,000,000 |
|
Goodwill |
- |
- |
- |
|
Other Intangible Assets |
- |
- |
- |
|
Total Intangible Assets |
- |
- |
- |
|
Loans To Group |
15,000,000 |
11,000,000 |
41,000,000 |
|
Other Loans |
- |
- |
- |
|
Miscellaneous Fixed Assets |
10,729,000,000 |
10,744,000,000 |
10,717,000,000 |
|
Total Other Fixed Assets |
10,744,000,000 |
10,755,000,000 |
10,758,000,000 |
|
TOTAL FIXED ASSETS |
10,754,000,000 |
10,764,000,000 |
10,767,000,000 |
|
Work In Progress |
- |
- |
- |
|
Other Inventories |
- |
- |
- |
|
Total Inventories |
- |
- |
- |
|
Trade Receivables |
2,104,000,000 |
2,161,000,000 |
2,114,000,000 |
|
Group Receivables |
3,074,000,000 |
4,607,000,000 |
2,129,000,000 |
|
Miscellaneous Receivables |
53,000,000 |
37,000,000 |
278,000,000 |
|
Total Receivables |
5,231,000,000 |
6,805,000,000 |
4,521,000,000 |
|
Cash |
516,000,000 |
10,000,000 |
499,000,000 |
|
Other Current Assets |
- |
- |
- |
|
TOTAL CURRENT ASSETS |
5,747,000,000 |
6,815,000,000 |
5,020,000,000 |
|
TOTAL ASSETS |
16,501,000,000 |
17,579,000,000 |
15,787,000,000 |
|
Trade Payables |
26,000,000 |
39,000,000 |
32,000,000 |
|
Bank Liabilities |
1,100,000,000 |
1,330,000,000 |
2,281,000,000 |
|
Group Payables |
752,000,000 |
1,873,000,000 |
1,635,000,000 |
|
Miscellaneous Liabilities |
120,000,000 |
133,000,000 |
91,000,000 |
|
TOTAL CURRENT LIABILITIES |
1,998,000,000 |
3,375,000,000 |
4,039,000,000 |
|
Bank Liabilities Due After 1 Year |
- |
- |
- |
|
Other Loans Or Finance Due After 1 Year |
1,500,000,000 |
1,800,000,000 |
2,350,000,000 |
|
Group Payables Due After 1 Year |
3,781,000,000 |
3,580,000,000 |
848,000,000 |
|
Miscellaneous Liabilities Due After 1 Year |
1,930,000,000 |
1,561,000,000 |
2,421,000,000 |
|
TOTAL LONG TERM LIABILITIES |
7,211,000,000 |
6,941,000,000 |
5,619,000,000 |
|
TOTAL LIABILITIES |
9,209,000,000 |
10,316,000,000 |
9,658,000,000 |
|
Called Up Share Capital |
1,537,000,000 |
1,537,000,000 |
1,537,000,000 |
|
Share Premium |
4,408,000,000 |
4,408,000,000 |
4,408,000,000 |
|
Revenue Reserves |
1,198,000,000 |
1,169,000,000 |
35,000,000 |
|
Other Reserves |
149,000,000 |
149,000,000 |
149,000,000 |
|
TOTAL SHAREHOLDERS EQUITY |
7,292,000,000 |
7,263,000,000 |
6,129,000,000 |
Other Financials
|
Financial Year |
12/2016 |
12/2015 |
12/2014 |
|
Contingent Liabilities |
275,000,000 |
221,000,000 |
257,000,000 |
|
Working Capital |
3,749,000,000 |
3,440,000,000 |
981,000,000 |
|
Net Worth |
7,292,000,000 |
7,263,000,000 |
6,129,000,000 |
Ratios
|
Financial Year |
12/2016 |
12/2015 |
12/2014 |
|
Pre-Tax Profit Margin (%) |
-30.71
% |
442.58
% |
-39.36
% |
|
Return On Capital Employed (%) |
-0.80 % |
5.41 % |
-7.61 % |
|
Return On Total Assets Employed (%) |
-0.90 % |
6.45 % |
-9.56 % |
|
Return On Net Assets Employed (%) |
-2.03 % |
15.60 % |
-24.62
% |
|
Sales/Net Working Capital |
0.13 |
0.07 |
3.91 |
|
Stock Turnover Ratio (%) |
- |
- |
- |
|
Debtor Days |
1593.28 |
3081.11 |
201.25 |
|
Creditor Days |
19.69 |
55.61 |
3.05 |
|
Current Ratio |
2.88 |
2.02 |
1.24 |
|
Liquidity Ratio/Acid Test |
2.88 |
2.02 |
1.24 |
|
Current Debt Ratio |
0.27 |
0.46 |
0.66 |
|
Gearing (%) |
97.11 % |
102.02
% |
117.59
% |
|
Equity In Percentage (%) |
126.66
% |
106.43
% |
121.87
% |
|
Total Debt Ratio |
1.26 |
1.42 |
1.58 |
Additional Financials Items
|
Year End Date |
2016 |
2015 |
2014 |
|
Audited Accounts |
Yes |
Yes |
Yes |
|
Auditor Comments |
- |
- |
- |
Share Capital Structure
|
Issued Share Capital |
1,537,642,792 SEK |
Shareholders
|
No shareholders data for this company. |
Current Directors
|
Name |
Appointment Date |
Position |
|
Ulf Lennart Holm |
21/05/2014 |
Chairman of Board |
|
Bengt Hammar |
21/05/2014 |
Actual Member of Board |
|
Michael Martin F. Kaufmann |
27/09/2005 |
Actual Member of Board |
|
Andrea Gisle Joosen |
28/05/2015 |
Actual Member of Board |
|
Gunnevi Regina Lehtinen Johansson |
03/06/2016 |
Actual Member of Board |
|
Ingrid Viktoria Van Camp |
12/06/2017 |
Actual Member of Board |
|
Maria Christina Paulsdotter Schauman |
21/05/2014 |
Actual Member of Board |
|
Mikael Peter Hellberg |
21/05/2014 |
Actual Member of Board |
|
Ola Nicklas Johansson |
12/06/2017 |
Actual Member of Board |
|
Bo Ingvar Knöös |
12/06/2017 |
Substitute |
|
Ingrid Ulrika Gustavsson |
03/06/2016 |
Substitute |
Previous Directors
|
Name |
Appointment Date |
Position |
Resignation Date |
|
Jan Meindert Homan |
23/05/2012 |
Actual Member of Board |
12/06/2017 |
|
Gundel Tora Gunilla Jönson |
01/11/2003 |
Actual Member of Board |
12/06/2017 |
|
Kjell Ove Olsson |
30/11/2012 |
Actual Member of Board |
12/06/2017 |
|
Ola Nicklas Johansson |
03/06/2016 |
Substitute |
12/06/2017 |
|
Marie Helen Elisabeth Gustafsson |
13/05/2011 |
Actual Member of Board |
03/06/2016 |
|
Sten Rickard Steve Cato |
05/08/2015 |
Substitute |
03/06/2016 |
|
Tobias Oskar Söderholm |
30/11/2012 |
Substitute |
03/06/2016 |
|
Kurt Roger Lindvall |
08/06/2001 |
Substitute |
05/08/2015 |
|
Maria Christina Brunell Livfors |
30/11/2012 |
Actual Member of Board |
21/05/2014 |
|
Carl Wilhelm Orozco Klingspor |
30/11/2012 |
Actual Member of Board |
21/05/2014 |
|
Mikael Halvar Larsson |
30/11/2012 |
Actual Member of Board |
21/05/2014 |
|
Hannu Ragnvald Ryöppönen |
30/11/2012 |
Actual Member of Board |
21/05/2014 |
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 |
0 |
|
Number Of Private Claims |
0 |
|
Number Of Applications |
0 |
|
Number Of Revoked Applications |
2 |
Latest
Public Claim
No Latest Public Claim for this company.
Latest
Private Claim
No Latest Private Claim for this company.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 64.91 |
|
|
1 |
INR 91.87 |
|
Euro |
1 |
INR 80.26 |
|
SEK |
1 |
INR 7.92 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
PRA |
|
|
|
|
Report Prepared
by : |
TRU |
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.