MIRA
INFORM REPORT
|
Report Date : |
26.07.2008 |
IDENTIFICATION
DETAILS
|
Name : |
STOCKMANN OYJ
ABP |
|
|
|
|
Registered Office : |
Aleksanterinkatu 52 B 00100 Hels |
|
|
|
|
Country : |
Finland |
|
|
|
|
Financials (as on) : |
31.12.2007 |
|
|
|
|
Date of Incorporation : |
20.01.1919 |
|
|
|
|
Com. Reg. No.: |
01141622 |
|
|
|
|
Legal Form : |
Public Limited Company |
|
|
|
|
Line of Business : |
Miscellaneous Retail Sale in Non-Specialized stores |
RATING &
COMMENTS
|
MIRA’s Rating : |
Aa |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Maximum Credit Limit : |
EUR 15000000 |
|
|
|
|
Status : |
Very Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
name & address
STOCKMANN OYJ ABP
ALEKSANTERINKATU
52 B
00100 HELSINKI FI
Tel. Number
+358-9-1211
Fax number
+358-9-1213101
web-address
WWW.STOCKMANN.FI
Business founded
20 January 1919
Business registered
20 January 1919 -
Public limited company (no information regarding quotation)
Tax number
01141622,
Registration number
01141622,
Brand name
AKATEEMINEN
KIRJAKAUPPA,
Registration address
ALEKSANTERINKATU
52, HELSINKI, 00100, FI
Visiting address
ALEKSANTERINKATU
52 B, HELSINKI, 00100, FI
Delivery address
PL 220, HELSINKI,
00101, FI
Legal form
Public limited
company (no information regarding quotation)
Activities
Miscellaneous
retail sale in non-specializedstores
Retail sale
of cosmetic and toilet articles
Retail sale
of clothing
Retail sale
of books, newspapers and stationery
Payment experience
Payment regular
Credit opinion
High
creditworthiness
Maximum credit
limit 15000000 EUR is advised
Employees (Business)
5157
Total share capital27 June 2008
EUR 123406672
Last former total share capital26
June 2008
EUR 113065188
Total share capital before last former total share
capital14 May 2007
EUR 112187224
Management
PENTTIL!E HANNU
ERKKI OLAVI Managing director
V!E!EN!ENEN HEIKKI JUHANI Deputy managing director
Board members
TAXELL LARS EVALD CHRISTOFFER Chairman
of the board
ETOLA ERKKI
OLAVI Board member
WIKLUND HENRY
ALF Board member
NIEMIST!O KARI PERTTI HENRIK Boardmember
BERGH KAJ-GUSTAF
JOHAN Board member
LILJEBLOM EVA
HELENA MARIA Board member
TEIR-LEHTINEN
CAROLA MARGARETA Board member
(Part-) Owner
MUUT 24,6
%
SVENSKA
LITTERATURS!ELLSKAPET I FINLAND 17,2 %
F!ORENINGEN KONSTSAMFUNDET -RYHM!E 15,8
%
NIEMIST!O-RYHM!E 10,5
%
ETOLA-YHTI!OT 7,0
%
STIFTELSEN F!OR
!ABO AKADEMI 6,7 %
SAMFUNDET
FOLKH!ELSAN I SVENSKA FINLAND 3,2 %
WILHELM OCH ELSE
STOCKMANNS STIFTELSE 2,6 %
JENNY JA ANTTI
WIHURIN RAHASTO 2,4 %
SIGRID JUSELIUS
STIFTELSE 2,4 %
HELENE OCH WALTER GR!ONQVISTS STIFTELSE 1,7
%
05332979 KESKIN!EINEN
TY!OEL!EKEVAKUUTUSYHTI!O VARMA 1,3
% Shareholder
STIFTELSEN BENSOWS
BARNHEM GRANHYDDAN 1,2 %
STIFTELSEN BRITA
MARIA RENLUNDS MINNE 1,0 %
INEZ OCH JULIUS
POLINS FOND 0,9 %
01076381 KESKIN!EINEN
EL!EKEVAKUUTUSYHTI!O ILMARINEN 0,4 % Shareholder
TAPIOLA-RYHM!E 0,4
%
OP-DELTA
SIJOITUSRAHASTO 0,3 %
VALTION
EL!EKERAHASTO 0,2 %
01141622 STOCKMANN
OYJ ABP 0,1 % Shareholder
KESKIN!EINEN TY!OEL!EKEVAKUUTUSYHTI!O ETERA 0,1
%
Authorized signature.
KORHONEN PENTTI
ANTERO Two members of the Board of Directors jointly, and the
Chairman of the Board and the Managing Director alone
KUUTSA JUSSI
KALEVA Two members of the Board of Directors jointly, and the
Chairman of the Board and the
Managing Director
alone
NYBERG
STIG-BJ!ORN Two members of the Board of Directors jointly, and
the Chairman of the Board and the Managing Director alone
NYHOLM-SILVENNOINEN
JESSICA MIKAELA Two members of the Board of Directors jointly,
and the Chairman of the Board and the Managing Director alone
OKKONEN TERHI
P!EIVIKKI Two members of the Board of Directors jointly, and
the Chairman of the Board and the Managing Director alone
OKSANEN JUHA
OLAVI Two members of the Board of Directors jointly, and the
Chairman of the Board and the Managing Director alone
PYYKK!O-TUOMINEN
PIRJO HANNELE Two members of the Board of Directors jointly,
and the Chairman of the Board and the Managing Director alone
STOCKMANN KARL
WILHELM STEN Two members of the Board of Directors jointly,
and the Chairman of the Board and the Managing Director alone
VARTILA EIJA
IRMELI Two members of the Board of Directors jointly, and the
Chairman of the Board and the Managing Director alone
V!EH!EHYYPP!E SIMO
PEKKA Two members of the Board of Directors jointly, and the
Chairman of the Board and the Managing Director alone
W!ENTTINEN TUIJA
AINIKKI Two members of the Board of Directors jointly, and the
Chairman of the Board and the Managing Director alone
Auditor
HOLMBOM KARL
HENRIK Auditor
H!ERM!EL!E JARI KARL ERIK Auditor
KPMG OY
AB Deputy auditor
Bank
NORDEA PANKKI
SUOMI OYJ, HELSINKI-SUURASIAKASKONTTORI
OKO PANKKI OYJ,
HELSINKI
Subsidiary company.
01138757 SEPP!EL!E
OY,ALEKSANTERINKATU 52 B C/O STOCKMANN OYJ ABP,00100,HELSINK 100,0%
07109324 OY
HULLUT P!EIV!ET - GALNA DAGAR AB,ALEKSANTERINKATU
52,00100,HELSINKI 100,0 %
07414337 OY
SUOMEN P!E!EOMARAHOITUS - FINLANDS KAPITALFINANS
AB,ALEKSANTERINKAT 100,0%
05756202 KIINTEIST!O
OY MUUNTAJANKATU 4,PL 220/STOCKMANN OYJ
ABP,00101,HELSINKI 100,0%
07230642 OY
STOCKMANN RUSSIA HOLDING AB,C/O STOCKMANN OYJ ABP, PL
220,00101,HEL 100,0%
15444413 Z-FASHION
FINLAND OY,C/O STOCKMANN OYJ ABP, ALEKSANTERINKATU 52
B,0010 100,0%
20915064 KIINTEIST!O
OY MANNERHEIMINTIEN PYS!EK!OINTILAITOS,ALEKSANTERINKATU
52 100,0%
08161546 TF-AUTOKESKUS
OY,C/O STOCKMANN OYJ ABP ALEKSANTERINKATU 52
B,00100,HEL 100,0%
08152009 ESPOON
AUTOTALO OY,ALEKSANTERINKATU 52 B / STOCKMANN OYJ ABP,00100,HEL 100,0%
15132639 KIINTEIST!O
OY ST!EV!O,PL 220 / STOCKMANN OYJ ABP,00101,HELSINKI,FI 100,0
%
09487871 KIINTEIST!O
OY FRIISINKESKUS II,ALEKSANTERINKATU 52/ STOCKMANN OYJ
ABP 97,0 %
STOCKMANN
AS 100,0 %
STOCKMANN SVERIGE
AB 100,0 %
UAB
STOCKMANN 100,0 %
SIA STOCKMANN,
RIIKA 100,0 %
SIA STOCKMANN
CENTRS 63,0 %
Associate company.
04237902 KIINTEIST!O
OY TAPIOLAN S!E!EST!OTAMMI FASTIGHETS AB,L!ENSITUULENTIE
3 37,8 %
Branch office(s)
ESPOO
VANTAA
JOENSUU
JYV!ESKYL!E
KUOPIO
LAHTI
LAPPEENRANTA
LEMP!E!EL!E
OULU
PORI
ROVANIEMI
SEIN!EJOKI
TAMPERE
TURKU
VAASA
|
The business have taken out debentures and /or debenture
mortgages? No (mortgages/Debentures) |
|
|
|
|
|
Corporate
balance sheet/profit and loss account for the year: 01 January 2007 - 31
December 2007 in EUR |
|
|
|
|
|
Total assets incl. prepaid expenses and accrued income |
1.605.900.000,- |
|
Total fixed assets |
344.600.000,- |
|
Total intangible fixed assets |
1.700.000,- |
|
Concessions and industrial rights, goodwill |
2.800.000,- |
|
Total tangible fixed assets |
235.000.000,- |
|
Land and buildings |
137.300.000,- |
|
Plant, machinery and equipment |
97.700.000,- |
|
Total financial fixed assets |
105.100.000,- |
|
Investments (long-term) |
105.100.000,- |
|
Total Current assets |
1.261.300.000,- |
|
Inventories and work in progress (incl. prepayments) |
75.400.000,- |
|
Accounts receivable (trade) |
96.900.000,- |
|
Receivables from affiliates and companies in which participations are
held |
1.084.300.000,- |
|
Investments (short-term) |
100.000,- |
|
Cash in hand and at bank |
4.600.000,- |
|
Total equity, provisions, liabilities, accrued expenses and deferred
income |
1.605.900.000,- |
|
Total equity (Shareholders' funds) |
577.000.000,- |
|
Issued (subscribed) capital |
112.200.000,- |
|
Share premium account (capital reserve) |
230.000.000,- |
|
Capital reserve |
43.700.000,- |
|
Share premium account |
186300000 |
|
Statutory reserves |
67.900.000,- |
|
Profit or loss for the previous year |
94.500.000,- |
|
Profit or loss for the financial year |
72.400.000,- |
|
Total liabilities |
1.028.900.000,- |
|
Total long-term liabilities |
856.300.000,- |
|
Long-term liabilities to credit institutions |
856.300.000,- |
|
Total current liabilities |
172.600.000,- |
|
Current liabilities to credit institutions |
99.600.000,- |
|
Current payables to affiliated companies and to companies in which participations
are held |
42.200.000,- |
|
Income and social tax liabilities |
30.800.000,- |
|
Total operating income/revenue |
736.100.000,- |
|
Main revenue (sales/turnover) |
713.500.000,- |
|
Total operating expenses |
99.300.000,- |
|
Cost of materials (type of expenditure format) |
-413.400.000,- |
|
Personnel costs |
137.100.000,- |
|
Depreciation |
11.600.000,- |
|
Operating profit or loss |
74.700.000,- |
|
Financial income |
19.800.000,- |
|
Financial expenses |
12.900.000,- |
|
Result of ordinary operations |
81.600.000,- |
|
Extraordinary income |
18.200.000,- |
|
Extraordinary expenses |
2.500.000,- |
|
Pre-tax and pre-appropriation profit or loss |
97.300.000,- |
|
Appropriations |
500.000,- |
|
Taxes |
25.400.000,- |
|
Net profit or loss |
72.400.000,- |
|
Borrowing ratio |
179,72 % |
|
Current ratio |
220,92 % |
|
Debt gearing |
148,41 % |
|
Profit margin. |
13,24 % |
|
Quick ratio |
177,23 % |
|
Return on assets |
5,88 % |
|
Return on equity. |
14,14 % |
|
Solidity or equity ratio |
35,93 % |
|
Change in turnover % |
5,- |
|
Turnover per person: |
138.356,- |
|
Operating margin |
12,- |
|
Trading profit % |
10,- |
|
Return on investment % |
9,- |
|
Return on capital % |
8,- |
|
Quick ratio |
2,- |
|
Current ratio |
2,- |
|
Equity ratio |
36,- |
|
Working capital % |
17,- |
|
Inventories/turnover % |
11,- |
|
Accounts receivable turnover in days |
48,- |
|
Accounts payable turnover in days |
44,- |
|
|
|
|
|
|
|
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 |
729.000.000,- |
|
Total fixed assets |
267.600.000,- |
|
Total intangible fixed assets |
1.100.000,- |
|
Concessions and industrial rights, goodwill |
3.500.000,- |
|
Total tangible fixed assets |
206.800.000,- |
|
Land and buildings |
132.700.000,- |
|
Plant, machinery and equipment |
74.100.000,- |
|
Total financial fixed assets |
56.200.000,- |
|
Investments (long-term) |
56.200.000,- |
|
Total Current assets |
461.400.000,- |
|
Inventories and work in progress (incl. prepayments) |
72.900.000,- |
|
Accounts receivable (trade) |
98.000.000,- |
|
Receivables from affiliates and companies in which participations are
held |
244.200.000,- |
|
Investments (short-term) |
39.000.000,- |
|
Cash in hand and at bank |
7.300.000,- |
|
Total equity, provisions, liabilities, accrued expenses and deferred
income |
729.000.000,- |
|
Total equity (Shareholders' funds) |
573.700.000,- |
|
Issued (subscribed) capital |
111.300.000,- |
|
Share premium account (capital reserve) |
227.800.000,- |
|
Capital reserve |
44.100.000,- |
|
Share premium account |
183700000 |
|
Statutory reserves |
68.400.000,- |
|
Profit or loss for the previous year |
63.500.000,- |
|
Profit or loss for the financial year |
102.700.000,- |
|
Total liabilities |
155.300.000,- |
|
Total long-term liabilities |
10.000.000,- |
|
Long-term liabilities to credit institutions |
10.000.000,- |
|
Total current liabilities |
145.300.000,- |
|
Current liabilities to credit institutions |
75.400.000,- |
|
Current payables to affiliated companies and to companies in which participations
are held |
46.900.000,- |
|
Income and social tax liabilities |
23.000.000,- |
|
Total operating income/revenue |
708.000.000,- |
|
Main revenue (sales/turnover) |
681.400.000,- |
|
Total operating expenses |
94.600.000,- |
|
Cost of materials (type of expenditure format) |
-401.700.000,- |
|
Personnel costs |
134.200.000,- |
|
Depreciation |
12.200.000,- |
|
Operating profit or loss |
65.300.000,- |
|
Financial income |
41.200.000,- |
|
Financial expenses |
3.500.000,- |
|
Result of ordinary operations |
103.000.000,- |
|
Extraordinary income |
22.000.000,- |
|
Extraordinary expenses |
1.200.000,- |
|
Pre-tax and pre-appropriation profit or loss |
123.800.000,- |
|
Appropriations |
1.200.000,- |
|
Taxes |
22.300.000,- |
|
Net profit or loss |
102.700.000,- |
|
Borrowing ratio |
27,29 % |
|
Current ratio |
264,14 % |
|
Debt gearing |
1,74 % |
|
Profit margin. |
15,63 % |
|
Quick ratio |
213,97 % |
|
Return on assets |
14,61 % |
|
Return on equity. |
17,95 % |
|
Solidity or equity ratio |
78,7 % |
|
Change in turnover % |
5,- |
|
Turnover per person: |
133.216,- |
|
Operating margin |
11,- |
|
Trading profit % |
9,- |
|
Return on investment % |
18,- |
|
Return on capital % |
15,- |
|
Quick ratio |
2,- |
|
Current ratio |
3,- |
|
Equity ratio |
79,- |
|
Working capital % |
17,- |
|
Inventories/turnover % |
11,- |
|
Accounts receivable turnover in days |
49,- |
|
Accounts payable turnover in days |
47,- |
|
|
|
|
|
|
|
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 |
669.100.000,- |
|
Total fixed assets |
260.300.000,- |
|
Total intangible fixed assets |
11.900.000,- |
|
Concessions and industrial rights, goodwill |
3.300.000,- |
|
Total tangible fixed assets |
149.900.000,- |
|
Land and buildings |
126.100.000,- |
|
Plant, machinery and equipment |
23.800.000,- |
|
Total financial fixed assets |
95.200.000,- |
|
Investments (long-term) |
95.200.000,- |
|
Total Current assets |
408.800.000,- |
|
Inventories and work in progress (incl. prepayments) |
79.600.000,- |
|
Accounts receivable (trade) |
97.400.000,- |
|
Receivables from affiliates and companies in which participations are
held |
225.900.000,- |
|
Investments (short-term) |
100.000,- |
|
Cash in hand and at bank |
5.800.000,- |
|
Total equity, provisions, liabilities, accrued expenses and deferred
income |
669.100.000,- |
|
Total equity (Shareholders' funds) |
511.900.000,- |
|
Issued (subscribed) capital |
109.000.000,- |
|
Share premium account (capital reserve) |
210.500.000,- |
|
Capital reserve |
43.700.000,- |
|
Share premium account |
166800000 |
|
Statutory reserves |
69.600.000,- |
|
Profit or loss for the previous year |
55.600.000,- |
|
Profit or loss for the financial year |
67.200.000,- |
|
Total liabilities |
157.200.000,- |
|
Total current liabilities |
157.200.000,- |
|
Current liabilities to credit institutions |
102.200.000,- |
|
Current payables to affiliated companies and to companies in which
participations are held |
27.100.000,- |
|
Income and social tax liabilities |
27.900.000,- |
|
Total operating income/revenue |
664.400.000,- |
|
Main revenue (sales/turnover) |
647.300.000,- |
|
Total operating expenses |
87.200.000,- |
|
Cost of materials (type of expenditure format) |
-385.100.000,- |
|
Personnel costs |
128.000.000,- |
|
Depreciation |
12.400.000,- |
|
Operating profit or loss |
51.700.000,- |
|
Financial income |
18.100.000,- |
|
Financial expenses |
4.000.000,- |
|
Result of ordinary operations |
65.800.000,- |
|
Extraordinary income |
27.700.000,- |
|
Extraordinary expenses |
4.100.000,- |
|
Pre-tax and pre-appropriation profit or loss |
89.400.000,- |
|
Appropriations |
1.400.000,- |
|
Taxes |
23.600.000,- |
|
Net profit or loss |
67.200.000,- |
|
Borrowing ratio |
31,65 % |
|
Current ratio |
234,8 % |
|
Debt gearing |
0 % |
|
Profit margin. |
10,78 % |
|
Quick ratio |
184,16 % |
|
Return on assets |
10,43 % |
|
Return on equity. |
12,85 % |
|
Solidity or equity ratio |
76,51 % |
|
Change in turnover % |
-33,- |
|
Turnover per person: |
131.059,- |
|
Operating margin |
10,- |
|
Trading profit % |
8,- |
|
Return on investment % |
12,- |
|
Return on capital % |
10,- |
|
Quick ratio |
2,- |
|
Current ratio |
2,- |
|
Equity ratio |
77,- |
|
Working capital % |
20,- |
|
Inventories/turnover % |
12,- |
|
Accounts receivable turnover in days |
52,- |
|
Accounts payable turnover in days |
42,- |
|
|
|
|
Turnover for the period: 01 January 2007 - 31 December 2007
in EUR 713.500.000,00 |
|
|
Not consolidated profit and loss turnover of the business: |
|
|
|
|
|
Turnover for the period: 01 January 2006 - 31 December 2006
in EUR 681.400.000,00 |
|
|
Not consolidated profit and loss turnover of the business: |
|
|
|
|
|
Turnover for the period: 01 January 2005 - 31 December 2005
in EUR 647.300.000,00 |
|
|
Not consolidated profit and loss turnover of the business: |
|
FOREIGN EXCHANGE
RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.42.23 |
|
UK Pound |
1 |
Rs.83.88 |
|
Euro |
1 |
Rs.66.41 |
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%)