MIRA
INFORM REPORT
|
Report Date : |
26.03.2008 |
IDENTIFICATION
DETAILS
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Name : |
UNIGLASS ENGINEERING OY |
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Registered Office : |
Menotie 4,
Fi-33470 Ylöjärvi |
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Country : |
Finland |
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Financials (as on) : |
31.12.2006 |
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Date of Incorporation : |
01.05.1996 |
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Com. Reg. No.: |
10523497 |
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Legal Form : |
Private joint-stock company |
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Line of Business : |
Manufacturer of furnaces and furnace burners |
RATING &
COMMENTS
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MIRA’s Rating : |
A |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
Name & address
UNIGLASS
ENGINEERING OY
MENOTIE 4
FI-33470 Ylöjärvi
Finland
Tel. Number +358-20-7430220
Fax number +358-20-7430221
Web-address WWW.UNIGLASS.COM
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Business founded |
01 May 1996 |
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Business registered |
04 June 1996 - Private joint-stock company |
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Tax number :, |
10523497, |
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Registration number, |
10523497, |
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Registration address, |
YL!OTIE 1, YL!OJ!ERVI, 33470, FI |
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Visiting address, |
MENOTIE 4, YL!OJ!ERVI, 33470, FI |
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Delivery address, |
PL 394, TAMPERE, 33101, FI |
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Legal form |
Private joint-stock company |
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Activities |
Manufacture of furnaces and furnace burners |
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Payment experience |
Payment regular |
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Credit opinion |
High creditworthiness |
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Employees (Business) |
22 |
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Total share capital04 June 1996 |
EUR 400000 |
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Management |
VEHMAS JUKKA HEIKKI Managing director |
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Board members |
SEITOVIRTA MIKA ILKKA Chairman of the board |
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LAUTANEN KIMMO ANTERO Boardmember |
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LOUHIMO ARJA ANNELI Boardmember |
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(Part-) Owner |
16515850 GLASTON OYJ ABP 100,0
% Main shareholder |
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Parent company : |
16515850 GLASTON OYJ ABP 100,0
% |
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Auditor |
NYMAN SIXTEN OVE Auditor |
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KPMG WIDERI OY AB Auditor |
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Bank |
NORDEA PANKKI SUOMI OYJ, |
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Subsidiary company. |
GLASTON ESTONIA OU 100,0 % |
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Sister company. |
07213033 GLASTON SERVICES LTD. OY,VEHMAISTENKATU
5,33730,TAMPERE,FI |
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06056849 KIINTEIST!O OY TORIKYR!O,KYR!ONSARVENTIE
6,39100,H!EMEENKYR!O,FI |
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The business have taken out debentures and /or debenture
mortgages? Yes (mortgages/Debentures) 12 March 2001 |
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all debentures and debenture mortgages taken
out. 1614604 Total debentures / debenture mortgages |
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Corporate balance sheet/profit and loss account for the year: 01
January 2006 - 31 December 2006 in EUR |
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Total assets incl. prepaid expenses and accrued income |
5.575.000,- |
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Total fixed assets |
575.000,- |
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Concessions and industrial rights, goodwill |
515.000,- |
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Total tangible fixed assets |
57.000,- |
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Plant, machinery and equipment |
57.000,- |
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Total financial fixed assets |
3.000,- |
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Investments (long-term) |
3.000,- |
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Total Current assets |
5.002.000,- |
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Inventories and work in progress (incl. prepayments) |
1.382.000,- |
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Accounts receivable (trade) |
3.619.000,- |
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Cash in hand and at bank |
1.000,- |
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Total equity, provisions, liabilities, accrued expenses and deferred
income |
5.575.000,- |
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Total equity (Shareholders' funds) |
2.870.000,- |
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Issued (subscribed) capital |
400.000,- |
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Share premium account (capital reserve) |
1.230.000,- |
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Share premium account |
1230000 |
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Profit or loss for the previous year |
283.000,- |
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Profit or loss for the financial year |
957.000,- |
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Total liabilities |
2.704.000,- |
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Total current liabilities |
2.704.000,- |
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Current accounts payable (trade) |
1.332.000,- |
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Current liabilities to credit institutions |
466.000,- |
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Income and social tax liabilities |
906.000,- |
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Total operating income/revenue |
9.619.000,- |
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Main revenue (sales/turnover) |
10.368.000,- |
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Total operating expenses |
1.967.000,- |
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Cost of materials (type of expenditure format) |
-5.085.000,- |
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Personnel costs |
1.194.000,- |
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Depreciation |
85.000,- |
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Operating profit or loss |
1.288.000,- |
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Financial income |
8.000,- |
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Financial expenses |
0,- |
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Result of ordinary operations |
1.296.000,- |
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Extraordinary income |
0,- |
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Pre-tax and pre-appropriation profit or loss |
1.296.000,- |
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Taxes |
340.000,- |
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Net profit or loss |
957.000,- |
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Borrowing ratio |
114,82 % |
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Current ratio |
145,3 % |
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Debt gearing |
0 % |
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Profit margin. |
12,5 % |
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Quick ratio |
185,64 % |
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Return on assets |
23,25 % |
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Return on equity. |
45,16 % |
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Solidity or equity ratio |
67,64 % |
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Change in turnover % |
40,- |
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Turnover per person: |
471.273,- |
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Operating margin |
13,- |
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Trading profit % |
12,- |
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Return on investment % |
51,- |
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Return on capital % |
23,- |
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Quick ratio |
2,- |
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Current ratio |
2,- |
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Equity ratio |
68,- |
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Working capital % |
-4,- |
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Inventories/turnover % |
13,- |
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Accounts payable turnover in days |
32,- |
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Corporate balance sheet/profit and loss account for the year: 01
January 2005 - 31 December 2005 in EUR |
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Total assets incl. prepaid expenses and accrued income |
5.718.000,- |
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Total fixed assets |
306.000,- |
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Total intangible fixed assets |
255.000,- |
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Total tangible fixed assets |
48.000,- |
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Plant, machinery and equipment |
48.000,- |
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Total financial fixed assets |
3.000,- |
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Investments (long-term) |
3.000,- |
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Total Current assets |
5.413.000,- |
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Inventories and work in progress (incl. prepayments) |
2.160.000,- |
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Accounts receivable (trade) |
3.252.000,- |
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Cash in hand and at bank |
1.000,- |
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Total equity, provisions, liabilities, accrued expenses and deferred
income |
5.718.000,- |
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Total equity (Shareholders' funds) |
1.913.000,- |
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Issued (subscribed) capital |
400.000,- |
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Share premium account (capital reserve) |
1.230.000,- |
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Share premium account |
1230000 |
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Profit or loss for the previous year |
269.000,- |
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Profit or loss for the financial year |
14.000,- |
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Total liabilities |
3.805.000,- |
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Long-term Loans, Mortgage debts |
0,- |
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Total current liabilities |
3.805.000,- |
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Current accounts payable (trade) |
2.178.000,- |
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Current liabilities to credit institutions |
666.000,- |
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Income and social tax liabilities |
961.000,- |
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Total operating income/revenue |
8.772.000,- |
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Main revenue (sales/turnover) |
7.431.000,- |
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Total operating expenses |
2.284.000,- |
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Cost of materials (type of expenditure format) |
-5.592.000,- |
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Personnel costs |
1.190.000,- |
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Depreciation |
74.000,- |
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Operating profit or loss |
-368.000,- |
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Financial expenses |
3.000,- |
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Result of ordinary operations |
-371.000,- |
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Extraordinary income |
400.000,- |
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Pre-tax and pre-appropriation profit or loss |
29.000,- |
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Taxes |
15.000,- |
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Net profit or loss |
14.000,- |
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Borrowing ratio |
229,49 % |
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Current ratio |
142,26 % |
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Debt gearing |
0 % |
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Profit margin. |
-4,95 % |
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Quick ratio |
199,94 % |
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Return on assets |
-6,44 % |
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Return on equity. |
-19,39 % |
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Solidity or equity ratio |
54,04 % |
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Change in turnover % |
24,- |
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Turnover per person: |
337.773,- |
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Operating margin |
-4,- |
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Trading profit % |
-5,- |
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Return on investment % |
-16,- |
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Return on capital % |
-7,- |
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Quick ratio |
2,- |
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Current ratio |
1,- |
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Equity ratio |
54,- |
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Working capital % |
-6,- |
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Inventories/turnover % |
29,- |
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Accounts payable turnover in days |
27,- |
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Corporate balance sheet/profit and loss account for the year: 01
January 2004 - 31 December 2004 in EUR |
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Total assets incl. prepaid expenses and accrued income |
4.542.000,- |
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Total fixed assets |
207.000,- |
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Concessions and industrial rights, goodwill |
156.000,- |
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Total tangible fixed assets |
51.000,- |
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Plant, machinery and equipment |
51.000,- |
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Total Current assets |
4.335.000,- |
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Inventories and work in progress (incl. prepayments) |
376.000,- |
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Accounts receivable (trade) |
3.734.000,- |
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Cash in hand and at bank |
225.000,- |
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Total equity, provisions, liabilities, accrued expenses and deferred
income |
4.542.000,- |
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Total equity (Shareholders' funds) |
1.899.000,- |
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Issued (subscribed) capital |
400.000,- |
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Share premium account (capital reserve) |
1.230.000,- |
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Share premium account |
1.230.000,- |
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Profit or loss for the previous year |
375.000,- |
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Profit or loss for the financial year |
-106.000,- |
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Subordinate loan capital |
0,- |
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Total liabilities |
2.643.000,- |
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Total long-term liabilities |
40.000,- |
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Long-term Loans, Mortgage debts |
40.000,- |
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Total current liabilities |
2.603.000,- |
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Current accounts payable (trade) |
45.000,- |
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Current liabilities to credit institutions |
1.159.000,- |
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Income and social tax liabilities |
1.399.000,- |
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Total operating income/revenue |
6.258.000,- |
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Main revenue (sales/turnover) |
5.995.000,- |
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Total operating expenses |
1.730.000,- |
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Cost of materials (type of expenditure format) |
-3.251.000,- |
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Personnel costs |
1.069.000,- |
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Depreciation |
104.000,- |
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Operating profit or loss |
104.000,- |
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Financial expenses |
19.000,- |
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Result of ordinary operations |
85.000,- |
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Pre-tax and pre-appropriation profit or loss |
85.000,- |
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Taxes |
191.000,- |
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Net profit or loss |
-106.000,- |
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Borrowing ratio |
151,64 % |
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Current ratio |
166,54 % |
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Debt gearing |
2,11 % |
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Profit margin. |
1,73 % |
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Quick ratio |
154,77 % |
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Return on assets |
2,29 % |
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Return on equity. |
4,48 % |
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Solidity or equity ratio |
42,23 % |
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Change in turnover % |
-19,- |
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Turnover per person: |
272.500,- |
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Operating margin |
3,- |
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Trading profit % |
2,- |
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Return on investment % |
4,- |
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Return on capital % |
2,- |
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Quick ratio |
2,- |
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Current ratio |
2,- |
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Equity ratio |
42,- |
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Working capital % |
-4,- |
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Inventories/turnover % |
6,- |
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Accounts payable turnover in days |
61,- |
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Turnover for the period: 01 January 2006 - 31 December 2006
in EUR 10.368.000,00 |
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Not consolidated profit and loss turnover of the business: |
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Turnover for the period: 01 January 2005 - 31 December 2005
in EUR 7.431.000,00 |
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Not consolidated profit and loss turnover of the business: |
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Turnover for the period: 01 January 2004 - 31 December 2004
in EUR 5.995.000,00 |
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Not consolidated profit and loss turnover of the business: |
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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. |
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 |
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NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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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%)