MIRA INFORM REPORT

 

 

Report Date :

25.10.2007

 

IDENTIFICATION DETAILS

 

Name :

ARES OY NIKOTIPS

 

 

Registered Office :

Läntinen Teollisuuskatu 9, 02920 ESPOO 

 

 

Country :

Finland

 

 

Financials (as on) :

31.12.2006

 

 

Date of Incorporation :

01.12.1970

 

 

Com. Reg. No.:

01065965,

 

 

Legal Form :

Private joint-stock company

 

 

Line of Business :

Wholesale of hardware, plumbing and heatingequipment and supplies

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Status :

Satisfactory

 

 

Payment Behaviour :

Regular

 

 

Litigation :

Clear

 

 

COMPANY NAME & ADDRESS

 

ARES OY NIKOTIPS

Läntinen teollisuuskatu 9

02920 ESPOO FI

Tel. Number +358-9-8545520

Fax number +358-9-85455240

web-address WWW.ARES.FI

E-mail address ARES@ARES.FI

 

 

Business founded

01 December 1970

Business registered

24 June 1971 - Private joint-stock company

Tax number :,

01065965,

Registration number,

01065965,

Brand name,

LAHDEN KUMIKESKUS,

Registration address,

L!ENTINEN TEOLLISUUSKATU 9, ESPOO, 02920, FI

Delivery address,

L!ENTINEN TEOLLISUUSKATU 9, ESPOO, 02920, FI

Legal form

Private joint-stock company

Activities

Wholesale of hardware, plumbing and heatingequipment and supplies

Payment experience

Payment regular

Credit opinion

High creditworthiness

 

Maximum credit limit 35000 EUR is advised

Employees (Business)

 32

Total share capital24 June 1971

EUR 84094

Management

KIRJAVAINEN JUSSI HEIKKI   Managing director

Boardmembers

WARTIOVAARA RISTO KUSTAA   Chairman of the board

 

KIRJAVAINEN JUSSI HEIKKI   Boardmember

 

M!ENTYNEN HEIKKI ENSIO   Boardmember

(Part-) Owner

15124436   CAPTUM GROUP OY   100,0 %   Main shareholder

Parent company :

15124436   CAPTUM GROUP OY   100,0 %   

Auditor

KAUPPI-HAKKARAINEN EIJA INKERI   Auditor

 

PALVI MAURI JUHA   Deputy auditor

Bank

RAHOITUSYHTI!O,    

 

SAMPO PANKKI OYJ,    

Sister company.

09434446   ROTATOR OY,SAMMONVALTATIE 100,33100,TAMPERE,FI   

 

01139768   E-M SISUSTUS OY,VELLAMONKATU 30 A,00550,HELSINKI,FI   

 

01147207   TAMMIHOLMA OY,TEERISUONKUJA 5,00700,HELSINKI,FI   

 

07990828   KIINTEIST!O OY KUOPION TEOLLISUUSKATU 1,TEOLLISUUSKATU 1,70620,KUOPIO,   

Branch office(s)

ESPOO   

 

JYV!ESKYL!E   

 

LAHTI   

 

SEIN!EJOKI   

 

TAMPERE   

 

TURKU   

 

 

The business have taken out debentures and /or debenture mortgages?  Yes (mortgages/Debentures) 01 February 1990

all debentures and debenture mortgages taken out.  655933 Total debentures / debenture mortgages

 

Corporate balance sheet/profit and loss account for the year: 01 January 2006 - 31 December 2006  in  EUR 

Total assets incl. prepaid expenses and accrued income

3.220.186,-

Total fixed assets

328.379,-

Total intangible fixed assets

4.392,-

Total tangible fixed assets

320.994,-

Plant, machinery and equipment

320.994,-

Total financial fixed assets

2.993,-

Investments (long-term)

2.993,-

Total Current assets

2.891.804,-

Inventories and work in progress (incl. prepayments)

1.616.194,-

Accounts receivable (trade)

837.100,-

Cash in hand and at bank

438.510,-

Total equity, provisions, liabilities, accrued expenses and deferred income

3.220.186,-

Total equity (Shareholders' funds)

502.386,-

Issued (subscribed) capital

84.093,-

Share premium account (capital reserve)

206.030,-

Capital reserve

206030

Profit or loss for the previous year

98.713,-

Profit or loss for the financial year

113.550,-

Total liabilities

2.717.796,-

Total long-term liabilities

266.666,-

Long-term liabilities to credit institutions

266.666,-

Total current liabilities

2.451.130,-

Current liabilities to credit institutions

1.958.529,-

Income and social tax liabilities

492.601,-

Total operating income/revenue

8.998.968,-

Main revenue (sales/turnover)

8.988.621,-

Total operating expenses

889.988,-

Cost of materials (type of expenditure format)

-5.336.698,-

Personnel costs

1.362.347,-

Depreciation

103.741,-

Operating profit or loss

1.306.193,-

Financial income

13.057,-

Financial expenses

13.916,-

Result of ordinary operations

1.305.334,-

Extraordinary expenses

1.150.000,-

Pre-tax and pre-appropriation profit or loss

155.334,-

Appropriations

2.874,-

Taxes

44.659,-

Net profit or loss

113.550,-

Borrowing ratio

545,75 %

Current ratio

117,98 %

Debt gearing

53,08 %

Profit margin.

14,68 %

Quick ratio

52,04 %

Return on assets

40,97 %

Return on equity.

259,83 %

Solidity or equity ratio

15,6 %

Change in turnover %

9,-

Turnover per person:

280.894,-

Operating margin

16,-

Trading profit %

15,-

Return on investment %

54,-

Return on capital %

42,-

Quick ratio

1,-

Current ratio

1,-

Equity ratio

16,-

Working capital %

24,-

Inventories/turnover %

18,-

Accounts receivable turnover in days

32,-

Accounts payable turnover in days

15,-

 

Corporate balance sheet/profit and loss account for the year: 01 January 2005 - 31 December 2005  in  EUR 

Total assets incl. prepaid expenses and accrued income

3.086.618,-

Total fixed assets

318.760,-

Total intangible fixed assets

4.203,-

Total tangible fixed assets

311.664,-

Plant, machinery and equipment

311.664,-

Total financial fixed assets

2.893,-

Investments (long-term)

2.893,-

Total Current assets

2.767.855,-

Inventories and work in progress (incl. prepayments)

1.542.406,-

Accounts receivable (trade)

810.658,-

Cash in hand and at bank

414.791,-

Total equity, provisions, liabilities, accrued expenses and deferred income

3.086.618,-

Total equity (Shareholders' funds)

391.709,-

Issued (subscribed) capital

84.093,-

Share premium account (capital reserve)

206.030,-

Capital reserve

206030

Statutory reserves

2.874,-

Profit or loss for the previous year

48.086,-

Profit or loss for the financial year

50.626,-

Total liabilities

2.694.903,-

Total long-term liabilities

333.333,-

Long-term liabilities to credit institutions

333.333,-

Total current liabilities

2.361.570,-

Current liabilities to credit institutions

1.898.937,-

Income and social tax liabilities

462.633,-

Total operating income/revenue

8.232.945,-

Main revenue (sales/turnover)

8.223.647,-

Total operating expenses

822.062,-

Cost of materials (type of expenditure format)

-4.911.792,-

Personnel costs

1.293.590,-

Depreciation

103.386,-

Operating profit or loss

1.102.113,-

Financial income

3.682,-

Financial expenses

13.283,-

Result of ordinary operations

1.092.511,-

Extraordinary expenses

1.035.000,-

Pre-tax and pre-appropriation profit or loss

57.511,-

Appropriations

13.806,-

Taxes

20.691,-

Net profit or loss

50.626,-

Borrowing ratio

695,45 %

Current ratio

117,2 %

Debt gearing

85,1 %

Profit margin.

13,45 %

Quick ratio

51,89 %

Return on assets

35,83 %

Return on equity.

278,91 %

Solidity or equity ratio

12,69 %

Change in turnover %

13,-

Operating margin

15,-

Trading profit %

13,-

Return on investment %

50,-

Return on capital %

39,-

Quick ratio

1,-

Current ratio

1,-

Equity ratio

13,-

Working capital %

26,-

Inventories/turnover %

19,-

Accounts receivable turnover in days

35,-

Accounts payable turnover in days

18,-

 

Corporate balance sheet/profit and loss account for the year: 01 January 2004 - 31 December 2004  in  EUR 

Total assets incl. prepaid expenses and accrued income

2.629.000,-

Total fixed assets

311.000,-

Total intangible fixed assets

6.000,-

Total tangible fixed assets

302.000,-

Plant, machinery and equipment

302.000,-

Total financial fixed assets

3.000,-

Investments (long-term)

3.000,-

Total Current assets

2.318.000,-

Inventories and work in progress (incl. prepayments)

1.455.000,-

Accounts receivable (trade)

698.000,-

Cash in hand and at bank

165.000,-

Total equity, provisions, liabilities, accrued expenses and deferred income

2.629.000,-

Total equity (Shareholders' funds)

356.000,-

Issued (subscribed) capital

84.000,-

Share premium account (capital reserve)

206.000,-

Capital reserve

206000

Statutory reserves

17.000,-

Profit or loss for the previous year

31.000,-

Profit or loss for the financial year

18.000,-

Total liabilities

2.274.000,-

Total long-term liabilities

168.000,-

Long-term liabilities to credit institutions

168.000,-

Total current liabilities

2.106.000,-

Current liabilities to credit institutions

1.695.000,-

Income and social tax liabilities

411.000,-

Total operating income/revenue

7.280.000,-

Main revenue (sales/turnover)

7.268.000,-

Total operating expenses

1.004.000,-

Cost of materials (type of expenditure format)

-4.310.000,-

Personnel costs

928.000,-

Depreciation

113.000,-

Operating profit or loss

925.000,-

Financial income

4.000,-

Financial expenses

13.000,-

Result of ordinary operations

916.000,-

Extraordinary expenses

910.000,-

Pre-tax and pre-appropriation profit or loss

6.000,-

Appropriations

21.000,-

Taxes

10.000,-

Net profit or loss

18.000,-

Borrowing ratio

649,71 %

Current ratio

110,07 %

Debt gearing

47,19 %

Profit margin.

12,78 %

Quick ratio

40,98 %

Return on assets

35,32 %

Return on equity.

257,3 %

Solidity or equity ratio

13,54 %

Change in turnover %

6,-

Turnover per person:

250.621,-

Operating margin

14,-

Trading profit %

13,-

Return on investment %

46,-

Return on capital %

36,-

Quick ratio

0,-

Current ratio

1,-

Equity ratio

14,-

Working capital %

26,-

Inventories/turnover %

20,-

Accounts receivable turnover in days

32,-

Accounts payable turnover in days

16,-

 

Turnover for the period: 01 January 2006 - 31 December 2006  in  EUR 8.988.621,00

 Not consolidated profit and loss turnover of the business: 

 

Turnover for the period: 01 January 2005 - 31 December 2005  in  EUR 8.223.647,00

 Not consolidated profit and loss turnover of the business: 

 

Turnover for the period: 01 January 2004 - 31 December 2004  in  EUR 7.268.000,00

 Not consolidated profit and loss turnover of the business: 

 

 

RATING EXPLANATIONS

 

RATING

STATUS

 

 

PROPOSED CREDIT LINE

>86

Aaa

Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums

 

Unlimited

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

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

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

 

Satisfactory

26-40

B

Unfavourable & favourable factors carry similar weight in credit consideration. Capability to overcome financial difficulties seems comparatively below average.

 

Small

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

<10

C

Absolute credit risk exists. Caution needed to be exercised

 

 

Credit not recommended

NR

In view of the lack of information, we have no basis upon which to recommend credit dealings

No Rating

 

 

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 and their relative weights (as indicated through %) are as follows:

 

Financial condition (40%)            Ownership background (20%)                 Payment record (10%)

Credit history (10%)                    Market trend (10%)                                Operational size (10%)

 

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions