MIRA INFORM REPORT

 

 

Report Date :

23.01.2008

 

IDENTIFICATION DETAILS

 

Name :

SUOMEN PULTTI OY

 

 

Registered Office :

Teerisuonkuja 1 00700 Helsinki 

 

 

Country :

Finland

 

 

Financials (as on) :

31.05.2007

 

 

Date of Incorporation :

01.12.1975

 

 

Com. Reg. No.:

02037528

 

 

Legal Form :

Private Joint Stock Company

 

 

Line of Business :

Wholesale of Hardware, Plumbing and Heating Equipment and Supplies

 

 

RATING & COMMENTS

 

MIRA’s Rating :

A

 

RATING

STATUS

PROPOSED CREDIT LINE

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

 

Maximum Credit Limit :

91000 EUR

 

 

Status :

Good

 

 

Payment Behaviour :

Regular

 

 

Litigation :

Clear

 

 

name and address of the company

 

SUOMEN PULTTI OY

 TEERISUONKUJA 1

 00700 HELSINKI FI

Tel. Number +358-9-7771630

Fax number +358-9-77716377

web-address WWW.SUOMENPULTTI.FI

E-mail address INFO@SUOMENPULTTI.FI

 

 

Business founded

01 December 1975

Business registered

17 October 1975 - Private joint-stock company

Tax number :,

02037528,

Registration number,

02037528,

Brand name,

SMP FASTENERS,

Registration address,

TEERISUONKUJA 1, HELSINKI, 00700, FI

Visiting address,

TEERISUONKUJA 1, HELSINKI, 00700, FI

Delivery address,

TEERISUONKUJA 1, HELSINKI, 00700, FI

Legal form

Private joint-stock company

Activities

Wholesale of hardware, plumbing and heating equipment and supplies

Payment experience

Payment regular

Credit opinion

High creditworthiness

 

The export volume in percentage of total sales for the company.  0   (Figure given by business or third party)

 

Maximum credit limit 91000 EUR is advised

Employees (Business)

 9

Total share capital17 October 1975

EUR 8409

Management

KIURU PETRI JUHANI   Managing director

Board members

KIURU YRJ!O ANTERO   Chairman of the board

 

KIURU PETRI JUHANI   Board member

 

KIURU RITVA ANNELI   Deputy board member

(Part-) Owner

01124726   OY PAMETO AB   100,0 %   Main shareholder

Auditor

SALMINEN PAULI SEPPO SAKARI   Auditor

 

KPMG OY AB   Auditor

Bank

NORDEA PANKKI SUOMI OYJ,    

 

RAHOITUSYHTI!O,    

 

EL!EKEVAKUUTUSYHTI!O,    

 

 

The business have taken out debentures and /or debenture mortgages?  Yes (mortgages/Debentures) 10 December 1992

all debentures and debenture mortgages taken out.  420470 Total debentures / debenture mortgages

 

Corporate balance sheet/profit and loss account for the year: 01 June 2006 - 31 May 2007  in  EUR 

Total assets incl. prepaid expenses and accrued income

2.422.692,-

Total fixed assets

816.122,-

Total tangible fixed assets

28.722,-

Plant, machinery and equipment

28.722,-

Total financial fixed assets

787.400,-

Investments (long-term)

787.400,-

Total Current assets

1.606.569,-

Inventories and work in progress (incl. prepayments)

1.122.839,-

Accounts receivable (trade)

342.503,-

Receivables from affiliates and companies in which participations are held

56.595,-

Cash in hand and at bank

84.632,-

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

2.422.692,-

Total equity (Shareholders' funds)

1.218.981,-

Issued (subscribed) capital

8.409,-

Share premium account (capital reserve)

615,-

Capital reserve

615

Profit or loss for the previous year

846.344,-

Profit or loss for the financial year

363.613,-

Total liabilities

1.203.707,-

Total long-term liabilities

775.000,-

Long-term payables to affiliated companies and to companies in which participations are held

775.000,-

Total current liabilities

428.707,-

Current liabilities to credit institutions

336.625,-

Current payables to affiliated companies and to companies in which participations are held

11.926,-

Income and social tax liabilities

80.156,-

Total operating income/revenue

3.376.304,-

Main revenue (sales/turnover)

3.364.319,-

Total operating expenses

201.271,-

Cost of materials (type of expenditure format)

-2.383.990,-

Personnel costs

267.823,-

Depreciation

9.574,-

Operating profit or loss

513.645,-

Financial income

11.111,-

Financial expenses

18.243,-

Result of ordinary operations

506.513,-

Extraordinary income

500,-

Pre-tax and pre-appropriation profit or loss

507.013,-

Taxes

143.399,-

Net profit or loss

363.613,-

Borrowing ratio

98,75 %

Current ratio

374,75 %

Debt gearing

63,58 %

Profit margin.

15,6 %

Quick ratio

112,83 %

Return on assets

21,66 %

Return on equity.

41,55 %

Solidity or equity ratio

50,32 %

Change in turnover %

35,-

Turnover per person:

373.813,-

Operating margin

16,-

Trading profit %

15,-

Return on investment %

32,-

Return on capital %

27,-

Quick ratio

1,-

Current ratio

4,-

Equity ratio

50,-

Working capital %

36,-

Inventories/turnover %

33,-

Accounts receivable turnover in days

35,-

Accounts payable turnover in days

35,-

 

Corporate balance sheet/profit and loss account for the year: 01 June 2005 - 31 May 2006  in  EUR 

Total assets incl. prepaid expenses and accrued income

1.485.523,-

Total fixed assets

283.236,-

Total tangible fixed assets

19.071,-

Plant, machinery and equipment

19.071,-

Total financial fixed assets

264.165,-

Investments (long-term)

264.165,-

Total Current assets

1.202.284,-

Inventories and work in progress (incl. prepayments)

978.483,-

Accounts receivable (trade)

222.232,-

Cash in hand and at bank

1.569,-

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

1.485.523,-

Total equity (Shareholders' funds)

939.367,-

Issued (subscribed) capital

8.409,-

Share premium account (capital reserve)

615,-

Capital reserve

615,-

Profit or loss for the previous year

389.053,-

Profit or loss for the financial year

541.290,-

Total liabilities

546.152,-

Total long-term liabilities

8.625,-

Long-term liabilities to credit institutions

8.625,-

Total current liabilities

537.527,-

Current liabilities to credit institutions

465.203,-

Income and social tax liabilities

72.324,-

Total operating income/revenue

2.764.836,-

Main revenue (sales/turnover)

2.496.988,-

Total operating expenses

181.082,-

Cost of materials (type of expenditure format)

-1.704.018,-

Personnel costs

217.765,-

Depreciation

6.357,-

Operating profit or loss

655.612,-

Financial income

13.559,-

Financial expenses

26.672,-

Result of ordinary operations

642.498,-

Pre-tax and pre-appropriation profit or loss

642.698,-

Taxes

101.207,-

Net profit or loss

541.290,-

Borrowing ratio

58,14 %

Current ratio

223,67 %

Debt gearing

0,92 %

Profit margin.

26,8 %

Quick ratio

41,64 %

Return on assets

45,05 %

Return on equity.

68,4 %

Solidity or equity ratio

63,23 %

Change in turnover %

10,-

Turnover per person:

312.124,-

Operating margin

24,-

Trading profit %

24,-

Return on investment %

63,-

Return on capital %

51,-

Quick ratio

0,-

Current ratio

2,-

Equity ratio

63,-

Working capital %

40,-

Inventories/turnover %

39,-

Accounts receivable turnover in days

29,-

Accounts payable turnover in days

33,-

 

Corporate balance sheet/profit and loss account for the year: 01 June 2004 - 31 May 2005  in  EUR 

Total assets incl. prepaid expenses and accrued income

1.146.746,-

Total fixed assets

95.456,-

Total tangible fixed assets

23.304,-

Plant, machinery and equipment

23.304,-

Total financial fixed assets

72.152,-

Investments (long-term)

72.152,-

Total Current assets

1.051.290,-

Inventories and work in progress (incl. prepayments)

785.474,-

Accounts receivable (trade)

263.809,-

Cash in hand and at bank

2.007,-

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

1.146.746,-

Total equity (Shareholders' funds)

429.700,-

Issued (subscribed) capital

8.409,-

Share premium account (capital reserve)

616,-

Capital reserve

616,-

Profit or loss for the previous year

196.077,-

Profit or loss for the financial year

224.598,-

Total liabilities

717.045,-

Total long-term liabilities

149.444,-

Long-term Loans, Mortgage debts

21.345,-

Long-term liabilities to credit institutions

128.099,-

Total current liabilities

567.601,-

Current liabilities to credit institutions

478.129,-

Income and social tax liabilities

89.472,-

Total operating income/revenue

2.367.071,-

Main revenue (sales/turnover)

2.274.967,-

Total operating expenses

170.742,-

Cost of materials (type of expenditure format)

-1.664.247,-

Personnel costs

178.765,-

Depreciation

7.768,-

Operating profit or loss

345.549,-

Financial income

3.737,-

Financial expenses

35.029,-

Result of ordinary operations

314.257,-

Pre-tax and pre-appropriation profit or loss

314.257,-

Taxes

89.659,-

Net profit or loss

224.598,-

Borrowing ratio

166,87 %

Current ratio

185,22 %

Debt gearing

34,78 %

Profit margin.

15,35 %

Quick ratio

46,83 %

Return on assets

30,46 %

Return on equity.

73,13 %

Solidity or equity ratio

37,47 %

Change in turnover %

21,-

Turnover per person:

454.993,-

Operating margin

15,-

Trading profit %

15,-

Return on investment %

43,-

Return on capital %

32,-

Quick ratio

1,-

Current ratio

2,-

Equity ratio

38,-

Working capital %

38,-

Inventories/turnover %

35,-

Accounts receivable turnover in days

40,-

Accounts payable turnover in days

35,-

 

Turnover for the period: 01 June 2006 - 31 May 2007  in  EUR 3.364.319,00

 Not consolidated profit and loss turnover of the business: 

 

Turnover for the period: 01 June 2005 - 31 May 2006  in  EUR 2.496.988,00

 Not consolidated profit and loss turnover of the business: 

 

Turnover for the period: 01 June 2004 - 31 May 2005  in  EUR 2.274.967,00

 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