MIRA INFORM REPORT

 

 

Report Date :

29.03.2008

 

 

IDENTIFICATION DETAILS

 

Name :

UNIFERM OY

 

 

Registered Office :

Tekniikantie 14, Espoo, 02150

 

 

Country :

Finland

 

 

Financials (as on) :

31.12.2006

 

 

Date of Incorporation :

01.12.1994

 

 

Com. Reg. No.:

09919347

 

 

Legal Form :

Private Joint-Stock Company

 

 

Line of Business :

Wholesale of Chemical Products

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

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

Small

 

Status :

Moderate

 

 

Payment Behaviour :

Slow

 

 

Litigation :

Clear

 

 

 

name & address

 

UNIFERM OY

ALEKSANTERINKATU 17

 00100 HELSINKI FI

Tel. Number +358-9-2952261

Fax number +358-9-2952262

web-address WWW.UNIFERM.FI

 

 

 

Business founded

01 December 1994

Business registered

11 January 1995 - Private joint-stock company

Tax number :,

09919347,

Registration number,

09919347,

Registration address,

TEKNIIKANTIE 14, ESPOO, 02150, FI

Visiting address,

ALEKSANTERINKATU 17, HELSINKI, 00100, FI

Delivery address,

ALEKSANTERINKATU 17, HELSINKI, 00100, FI

Legal form

Private joint-stock company

Activities

Wholesale of chemical products

Payment experience

Payment are slow

Credit opinion

Credit opinion

 

 

Employees (Business)

 10

L5131 January 2008

 

L5031 December 2007

 

L4:U

UDENMAAN VEROVIRASTO

Injunction to pay . The court/authorities has passed a judgement on the15 January 2008

 42058,69

L4:I

TALGELATINE S.P.A.

Total number of judgements, injunctions, claims, etc. (”weak negative facts”)29 October 2007

 4

Total share capital11 January 1995

EUR 10091

Management

LAINE JAAKKO EINARI   Managing director

Board members

LAINE EILA MARJATTA   Board member

 

LAINE JAAKKO EINARI   Deputy board member

(Part-) Owner

LAINE JUHA-PEKKA JAAKKO VALTTERI   50,0 %   Shareholder

 

SOLIN TIMO PERTTI   50,0 %   Shareholder

Authorized signature.

LAINE JAAKKO EINARI   The Chairman and the managing director alone

Bank

NORDEA PANKKI SUOMI OYJ,    

Subsidiary company.

09458755   KIINTEIST!O OY RAUMAN MLK?N SAARKARTANO,ALEKSANTERINKATU 17 C/O UNIFE   100,0 %   

Branch office(s)

NOKIA   

 

 

 

 

 

The business have taken out debentures and /or debenture mortgages?  Yes (mortgages/Debentures) 14 June 2004

all debentures and debenture mortgages taken out.  200000 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

3.687.566,-

Total fixed assets

50.370,-

Concessions and industrial rights, goodwill

7.630,-

Total tangible fixed assets

42.404,-

Plant, machinery and equipment

42.404,-

Total financial fixed assets

336,-

Investments (long-term)

336,-

Total Current assets

3.637.196,-

Inventories and work in progress (incl. prepayments)

529.442,-

Accounts receivable (trade)

3.000.324,-

Cash in hand and at bank

107.430,-

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

3.687.566,-

Total equity (Shareholders' funds)

584.317,-

Issued (subscribed) capital

10.091,-

Profit or loss for the previous year

410.368,-

Profit or loss for the financial year

163.858,-

Total liabilities

3.103.248,-

Total long-term liabilities

150.000,-

Long-term liabilities to credit institutions

150.000,-

Total current liabilities

2.953.248,-

Current liabilities to credit institutions

2.885.203,-

Income and social tax liabilities

68.045,-

Total operating income/revenue

7.224.072,-

Main revenue (sales/turnover)

7.209.558,-

Total operating expenses

663.868,-

Cost of materials (type of expenditure format)

-5.760.242,-

Personnel costs

450.570,-

Depreciation

7.951,-

Operating profit or loss

341.441,-

Financial income

55.718,-

Financial expenses

159.651,-

Result of ordinary operations

237.508,-

Pre-tax and pre-appropriation profit or loss

237.508,-

Taxes

73.650,-

Net profit or loss

163.858,-

Borrowing ratio

538,12 %

Current ratio

113 %

Debt gearing

25,67 %

Profit margin.

5,51 %

Quick ratio

92,83 %

Return on assets

10,77 %

Return on equity.

40,65 %

Solidity or equity ratio

15,85 %

Change in turnover %

22,-

Turnover per person:

720.956,-

Operating margin

5,-

Trading profit %

5,-

Return on investment %

21,-

Return on capital %

12,-

Quick ratio

1,-

Current ratio

1,-

Equity ratio

16,-

Working capital %

-1,-

Inventories/turnover %

7,-

Accounts receivable turnover in days

45,-

Accounts payable turnover in days

99,-

 

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

3.003.630,-

Total fixed assets

447.809,-

Total tangible fixed assets

47.473,-

Plant, machinery and equipment

47.473,-

Total financial fixed assets

400.336,-

Investments (long-term)

400.336,-

Total Current assets

2.555.821,-

Inventories and work in progress (incl. prepayments)

528.596,-

Accounts receivable (trade)

961.591,-

Receivables from affiliates and companies in which participations are held

932.912,-

Cash in hand and at bank

132.722,-

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

3.003.630,-

Total equity (Shareholders' funds)

500.460,-

Issued (subscribed) capital

10.091,-

Profit or loss for the previous year

391.800,-

Profit or loss for the financial year

98.569,-

Total liabilities

2.503.170,-

Total long-term liabilities

150.000,-

Long-term liabilities to credit institutions

150.000,-

Total current liabilities

2.353.170,-

Current liabilities to credit institutions

2.304.318,-

Income and social tax liabilities

48.852,-

Total operating income/revenue

5.905.092,-

Main revenue (sales/turnover)

5.905.028,-

Total operating expenses

403.497,-

Cost of materials (type of expenditure format)

-4.903.735,-

Personnel costs

360.150,-

Depreciation

9.096,-

Operating profit or loss

228.613,-

Financial income

43.389,-

Financial expenses

130.040,-

Result of ordinary operations

141.961,-

Pre-tax and pre-appropriation profit or loss

141.961,-

Taxes

43.393,-

Net profit or loss

98.569,-

Borrowing ratio

500,17 %

Current ratio

95,86 %

Debt gearing

29,97 %

Profit margin.

4,61 %

Quick ratio

73,09 %

Return on assets

9,06 %

Return on equity.

28,37 %

Solidity or equity ratio

16,66 %

Change in turnover %

4,-

Turnover per person:

590.503,-

Operating margin

4,-

Trading profit %

4,-

Return on investment %

18,-

Return on capital %

10,-

Quick ratio

1,-

Current ratio

1,-

Equity ratio

17,-

Working capital %

-11,-

Inventories/turnover %

9,-

Accounts receivable turnover in days

7,-

Accounts payable turnover in days

94,-

 

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

2.472.339,-

Total fixed assets

451.626,-

Total tangible fixed assets

51.290,-

Plant, machinery and equipment

51.290,-

Total financial fixed assets

400.336,-

Investments (long-term)

400.336,-

Total Current assets

2.020.713,-

Inventories and work in progress (incl. prepayments)

444.975,-

Accounts receivable (trade)

677.727,-

Receivables from affiliates and companies in which participations are held

787.618,-

Cash in hand and at bank

110.393,-

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

2.472.339,-

Total equity (Shareholders' funds)

481.890,-

Issued (subscribed) capital

10.091,-

Profit or loss for the previous year

281.954,-

Profit or loss for the financial year

189.845,-

Total liabilities

1.990.449,-

Total long-term liabilities

150.000,-

Long-term liabilities to credit institutions

150.000,-

Total current liabilities

1.840.449,-

Current liabilities to credit institutions

1.763.417,-

Income and social tax liabilities

77.032,-

Total operating income/revenue

5.703.125,-

Main revenue (sales/turnover)

5.703.125,-

Total operating expenses

505.614,-

Cost of materials (type of expenditure format)

-4.535.376,-

Personnel costs

338.941,-

Depreciation

10.368,-

Operating profit or loss

312.826,-

Financial income

21.822,-

Financial expenses

78.905,-

Result of ordinary operations

255.743,-

Extraordinary income

23.649,-

Pre-tax and pre-appropriation profit or loss

279.392,-

Taxes

89.546,-

Net profit or loss

189.845,-

Borrowing ratio

413,05 %

Current ratio

109,79 %

Debt gearing

31,13 %

Profit margin.

5,87 %

Quick ratio

85,19 %

Return on assets

13,54 %

Return on equity.

53,07 %

Solidity or equity ratio

19,49 %

Change in turnover %

24,-

Turnover per person:

814.732,-

Operating margin

6,-

Trading profit %

6,-

Return on investment %

34,-

Return on capital %

16,-

Quick ratio

1,-

Current ratio

1,-

Equity ratio

20,-

Working capital %

-9,-

Inventories/turnover %

8,-

Accounts receivable turnover in days

10,-

Accounts payable turnover in days

86,-

 

Turnover for the period: 01 January 2006 - 31 December 2006  in  EUR 7.209.558,00

 Not consolidated profit and loss turnover of the business: 

 

Turnover for the period: 01 January 2005 - 31 December 2005  in  EUR 5.905.028,00

 Not consolidated profit and loss turnover of the business: 

 

Turnover for the period: 01 January 2004 - 31 December 2004  in  EUR 5.703.125,00

 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