MIRA
INFORM REPORT
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Report Date : |
27th
June 2006 |
IDENTIFICATION
DETAILS
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Name : |
ANI BIOTECH OY |
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Registered Office : |
Tiilitie 3 |
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Country : |
Finland |
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Financials (as on) : |
31-12-2003 |
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Date of Incorporation : |
01.09.1986 |
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Legal Form : |
Joint-stock
company |
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Line of Business : |
Engaged
in the business of research and development on medical sciences (73101). |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal.
Capable to meet normal commitments. |
Satisfactory |
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Status : |
Good |
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Payment Behaviour : |
Regular
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Litigation : |
Clear |
name & address
Ani Biotech Oy
Tiilitie 3
01720 Vantaa
Tiilitie 3, 01720 Vantaa
Telephone: +358 0201557512
Telefax: +358 0201557517
Trade register number
382457
Registered
21.01.1987
Business ID
06564296
Business started
01.09.1986
Turnover
In 2004, the turnover amounted to
2.260 thousand EUR, the length of the accounting period was 12 months, and the
period ended on 31.12.2004.
Number of employees
In 2004, the number of employees
amounted to 24.
Line of business
The company´s investigated line
of business on 06.09.2005 is: research and development on medical sciences
(73101).
Summary
Payments Background Finances
> very positive strong excellent
positive > good good
not negative satisfactory satisfactory
slightly negative passable passable
negative poor poor
no classification > no classification
Maximum credit recommendation
60.000 EUR
Basics
Company form Joint-stock company
Type of ownership Private Finnish
Share capital
Paid share capital: 10.000 EUR
Maximum share capital: 40.000 EUR
Minimum share capital: 10.000 EUR
Activity
In 2004, the turnover amounted to
2.260 thousand EUR, the length of the accounting period was 12 months, and the
period ended on 31.12.2004.
In
2004, the number of employees amounted to 24.
The
company´s investigated line of business on 06.09.2005 is: research and development on medical sciences (73101).
The
company´s investigated secondary line of business on 06.09.2005 is: other health care services.
The
company is engaged in export and import.
The
company works both in owned and rented premises.
Financial
statement requested on 22.06.2005, 22.07.2005, 06.09.2005.
The
company has been in the Prepayment register since 01.03.1995. Validity to be checked on 28.02.2007.
The
company has been VAT liable for business activity since 01.06.1994.
The
company has been in the Employer Register since 01.06.1988.
According
to an account of 06.09.2005, the company´s bankers/financiers are Cooperative bank -Länsi-Uudenmaan Osuuspankki, Karkkila, Nordea Bank Finland Plc -Helsinki.
Payments
The
company has no registered payment defaults. There are positive remarks
concerning the company´s payments.
Persons in charge
Managing director
Niskanen Aimo Juhani, from 21.01.1987 on
080643-0335, Espoo
Participation in 9 companies on the basis of the identity number, the companies
have no payment defaults.
Chairman
Latvus Arno Achates, from 14.02.1996 on
061148-141N, Helsinki
Participation in 12 companies on the basis of the identity number, of these 1 with payment defaults.
Ordinary
member
Niskanen Aimo Juhani, from 21.01.1987 on
080643-0335, Espoo
Participation in 9 companies on the basis of the identity number, the companies have no payment defaults.
Ordinary
member
Salovaara Pekka Tapio, from 21.01.1987 on
140655-101A, Espoo
Participation in 5 companies on the basis of the identity number, the companies have no payment defaults.
Authorised
signatures
According to the statutes, the chairman of
the Board and the managing director sign for the firm separately, and the members
of the Board, two jointly.
Procuration rights have not been granted.
Shareholders
According to information received
from the company on 06.09.2005, shareholders are:
Niskanen Aimo, born 08.06.1943, with 46,0% of the shares
Latvus Arno, born 06.11.1948, with 35,0% of the shares
Salovaara Pekka, born 14.06.1955, with 19,0% of the shares
Business mortgages
Business mortgages total
altogether 635 thousand EUR.
Number of enquiries
10 enquiries have been made on the company
during the past 6 months, of which 2 during the past 30 days.
Suomen Asiakastieto Oy does not guarantee that the information in the report is correct or complete, nor does it assume responsibility for damages possibly caused by the use of this report.
Company´s payments
Period Code From
due date Delayed,
total Number
of observations
05/2006 ML 1
04/2006 ML 1
03/2006 ML 1
02/2006 ML 1
12/2005 ML 1
11/2005 ML 1
10/2005 ML 1
09/2005 ML 1
08/2005 ML 1
07/2005 ML 1
Business mortgages
Numbers Amount Amount, each Creditor or holder/ Receiver of secondary mortgage Date
of application
001 -
005 5 16,8
t EUR Vihdin-Karkkilan
Osuuspankki, 14.04.1989
001 1 50,5
t EUR Valtiontakuukeskus 25.04.1994
001 1 500,0
t EUR Länsi-Uudenmaan
Osuuspankki 28.12.2004
Business mortgages,
total 634,6
t EUR
The register is not equivalent to the
official extract. The official extracts are available at the trade register.
Summary of the profit and loss account (t EUR)
31.12.2003 12
months 31.12.2002 12 months 31.12.2001 12 months
Turnover 2.405,3 1.834,4 1.580,5
Other operating income -2,4 19,0 23,2
Raw materials and services -575,2 -604,1 -336,4
Gross result 1.827,7 1.249,3 1.267,3
Other operating expenses -1.004,4 -888,4 -889,9
Depreciation -74,9 -74,4 -66,3
Operating result 748,4 286,6 310,8
Financing income 22,5 0,7 0,3
Financing expenses -41,7 -22,1 -8,9
Result before extraordinary
items 729,2 265,3 302,2
Extraordinary items -520,8
Result before appropriations
and taxes 208,4 265,3 302,2
Appropriations
Direct taxes -61,2 -77,5 -88,5
Result for the financial year
147,2 187,8 213,6
Summary of the profit and loss account (t EUR)
31.12.2000 12 months 31.12.1999 12 months
Turnover 1.496,0 1.854,6
Other operating income -9,6 11,4
Raw materials and services -471,8 -534,7
Gross result 1.014,7 1.331,4
Other operating expenses -731,8 -701,2
Depreciation -47,9 -45,7
Operating result 235,0 584,5
Financing income 10,1 0,0
Financing expenses -6,7 -14,3
Result before extraordinary items 238,3 570,3
Extraordinary items 0,2
Result before appropriations and taxes 238,3 570,5
Appropriations
Direct taxes -69,6 -160,3
Result for the financial year 168,9 410,2
Profit and loss account (t EUR)
31.12.2003 12 months
PROFIT AND LOSS ACCOUNT
NET TURNOVER 2.405,3
Variation in stocks of finished products and work -2,4
Raw materials and services
Raw materials and consumables
Purchases during the financial year -547,5
Variation in stocks 100,5
External services -128,2
Staff expenses
Wages and salaries -541,1
Social security expenses
Pension expenses -114,9
Other social security expenses -30,5
Depreciation and reductions in value
Depreciation according to plan -74,9
Other operating expenses -317,9
OPERATING RESULT 748,4
Financial income and expenses
Other interest and financial income 22,5
Interest and other financial expenses -41,7
RESULT BEFORE EXTRAORDINARY ITEMS
729,2
Extraordinary items
Extraordinary expenses -520,8
RESULT BEFORE APPROPRIATIONS AND TAXES
208,4
Appropriations
Income taxes -61,2
RESULT FOR THE FINANCIAL YEAR 147,2
Summary of the balance sheet (t
EUR)
31.12.2003 12 months 31.12.2002 12 months 31.12.2001
12 months
Intangible
assets
Tangible assets
357,7 364,6 354,7
Investments 7,8 7,8 2,7
Stocks 317,8 219,7 199,5
Current
financial assets 1.603,7 1.196,2 662,7
Subscribed
capital 10,0 2,5 2,5
Reserves
Retained
earnings 840,4 756,0 628,7
Result for the
financial year 147,2 187,8 213,6
Subordinated
loans
Accumulated
appropriations
Provisions
Long-term debts
496,3 562,8 115,4
Current
liabilities 793,0 279,0 259,3
Balance
sheet total 2.286,9 1.788,2 1.219,5
Company´s ratios
Accounting period 31.12.2003 31.12.2002 31.12.2001 31.12.2000 31.12.1999
Volume
Turnover EUR 1000 2.405,3 1.834,4 1.580,5 1.496,0 1.854,6
Change in turnover in % 31,1 16,1
5,6
-19,3
59,3
Turnover/person EUR 1000 92,5 71,2
97,6
Profitability
Operating margin in % 34,2 19,7
23,9
18,9
34,0
Operating income in % 31,1 15,6
19,7
15,7
31,5
Return on investment in % 46,3 22,0
33,4
26,7
76,3
Return on total assets in % 37,8 19,1
26,8
20,4
54,7
Liquidity
Quick ratio 2,0
4,3
2,6
2,4
1,9
Current ratio 2,4
5,1
3,3
2,7
2,2
Solvency
Equity ratio in % 43,6 52,9
69,3
63,7
54,4
Net gearing 0,6
0,6
-0,1
-0,2
0,2
Relative indebtedness in % 53,6 45,9
23,7
26,9
31,8
Working capital
Working capital ratio in % 31,8 35,7
34,9
19,5
35,6
Inventories/turnover in % 13,2 12,0
12,6
5,9
8,7
Sales receivable turnover in days 133 95 90
79
117
Accounts payable turnover in days 232 26 33
107
61
Ratios of the line of business
Line
of business 85149 Other health care services (5055 kpl)
Year 2003 2002 2001 2000 1999
Companies in the
line 273
216
165
163
138
Volume
Turnover EUR 1000
66,2
67,4
66,1
59,9
56,7
Change in
turnover in % 6,0
4,0
8,1
4,9
1,4
Turnover/person
EUR 1000 46,8
44,3
41,6
35,1
36,0
Profitability
Operating margin
in % 19,2
21,7
17,7
19,3
17,9
Operating income
in % 14,0
15,1
12,6
13,8
14,1
Return on
investment in % 20,5
25,0
18,7
20,1
18,8
Return on total
assets in % 18,2
21,3
16,3
16,8
17,3
Liquidity
Quick ratio 1,8
2,1
2,0
2,1
1,9
Current ratio 2,0
2,3
2,1
2,2
2,0
Solvency
Equity ratio in %
62,0
60,4
62,7
59,8
61,5
Relative
indebtedness in % 20,5
18,9
17,3
20,7
21,6
Working capital
Working capital
ratio in % 2,2
2,9
3,9
3,0
2,6
Inventories/turnover
in % 9,4
5,7
4,8
5,7
1,8
Sales receivable
turnover in days 24
19
26
27
21
Accounts payable
turnover in days 89
51
71
84
72
Company Line of business
Payment default risk 1,2% 9,7%
Bankruptcy risk 0,0% 1,0%
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial
base with the strongest capability for timely payment of interest and
principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal.
Capable to meet normal commitments. |
Satisfactory |
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26-40 |
B |
Unfavourable & favourable factors
carry similar weight in credit consideration. Capability to overcome
financial difficulties seems comparatively below average/normal. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution
needed to be exercised |
Credit not recommended |