MIRA INFORM REPORT

 

 

Report Date :

02.05.2008

 

 

IDENTIFICATION DETAILS

 

Name :

SATOTUKKU OY

 

 

Registered Office :

Porttisuontie 9 01200 Vantaa 

 

 

Country :

Finland

 

 

Financials (as on) :

31.12.2006

 

 

Date of Incorporation :

01.01. 1967

 

 

Com. Reg. No.:

01136989

 

 

Legal Form :

Private Joint-Stock Company

 

 

Line of Business :

Wholesaler of Fruit and Vegetables

 

 

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 :

EUR 92000

 

 

Status :

Good

 

 

Payment Behaviour :

Regular

 

 

Litigation :

Clear

 

name & address

 

SATOTUKKU OY

 PORTTISUONTIE 9

 01200 VANTAA FI

Tel. Number +358-9-25159100

Fax number +358-9-25159110

web-address WWW.SATOTUKKU.FI

 

 

 

Business founded

01 January 1967

Business registered

28 July 1967 - Private joint-stock company

Tax number :,

01136989,

Registration number,

01136989,

Brand name,

LUOMUAHOLA,

Registration address,

PORTTISUONTIE 9, VANTAA, 01200, FI

Visiting address,

PORTTISUONTIE 9, VANTAA, 01200, FI

Delivery address,

PORTTISUONTIE 9, VANTAA, 01200, FI

Legal form

Private joint-stock company

Activities

Wholesale of fruit and vegetables

Payment experience

Payment regular

Credit opinion

High creditworthiness

 

Maximum credit limit 92000 EUR is advised

Employees (Business)

 52

Total share capital28 July 1967

EUR 75000

Management

HAKKARAINEN TOMI TAPIO   Managing director

Board members

SK!OLD LARS INGVAR   Chairman of the board

 

HAKKARAINEN TOMI TAPIO   Board member

 

NORLINDH SVEN PETER SIGURD INGMARS   Board member

 

BLADES THOMAS MICHAEL   Board member

(Part-) Owner

STC INTERFINANS AB/RUOTSI   100,0 %   

Auditor

VIHERLAAKSO CAMILLA SUSANN   Auditor

 

REVICO GRANT THORNTON OY   Auditor

Branch office(s)

TURKU   

 

 

 

 

 

 

The business have taken out debentures and /or debenture mortgages?  Yes (mortgages/Debentures) 03 March 2004

all debentures and debenture mortgages taken out.  506376 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

6.037.847,-

Total fixed assets

468.180,-

Concessions and industrial rights, goodwill

134.333,-

Total tangible fixed assets

333.847,-

Plant, machinery and equipment

333.847,-

Total Current assets

5.569.663,-

Inventories and work in progress (incl. prepayments)

716.329,-

Accounts receivable (trade)

4.046.588,-

Cash in hand and at bank

806.746,-

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

6.037.847,-

Total equity (Shareholders' funds)

1.228.514,-

Issued (subscribed) capital

75.000,-

Statutory reserves

84.256,-

Profit or loss for the previous year

762.822,-

Profit or loss for the financial year

306.436,-

Total liabilities

4.809.330,-

Total current liabilities

4.809.330,-

Current liabilities to credit institutions

4.519.459,-

Income and social tax liabilities

289.871,-

Total operating income/revenue

36.481.591,-

Main revenue (sales/turnover)

36.480.218,-

Total operating expenses

2.547.659,-

Cost of materials (type of expenditure format)

-31.592.969,-

Personnel costs

1.801.516,-

Depreciation

97.280,-

Operating profit or loss

442.162,-

Financial income

12.657,-

Financial expenses

3.997,-

Result of ordinary operations

450.822,-

Pre-tax and pre-appropriation profit or loss

450.822,-

Appropriations

-34.407,-

Taxes

109.978,-

Net profit or loss

306.436,-

Borrowing ratio

439,54 %

Current ratio

115,79 %

Debt gearing

0 %

Profit margin.

1,25 %

Quick ratio

100,89 %

Return on assets

7,53 %

Return on equity.

36,7 %

Solidity or equity ratio

20,35 %

Change in turnover %

18,-

Turnover per person:

701.543,-

Operating margin

2,-

Trading profit %

1,-

Return on investment %

27,-

Return on capital %

8,-

Quick ratio

1,-

Current ratio

1,-

Equity ratio

20,-

Working capital %

2,-

Inventories/turnover %

2,-

Accounts receivable turnover in days

39,-

Accounts payable turnover in days

46,-

 

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

4.903.985,-

Total fixed assets

473.021,-

Concessions and industrial rights, goodwill

186.333,-

Total tangible fixed assets

286.688,-

Plant, machinery and equipment

286.688,-

Total Current assets

4.430.960,-

Inventories and work in progress (incl. prepayments)

815.838,-

Accounts receivable (trade)

3.344.737,-

Receivables from affiliates and companies in which participations are held

15.553,-

Cash in hand and at bank

254.832,-

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

4.903.985,-

Total equity (Shareholders' funds)

1.037.669,-

Issued (subscribed) capital

75.000,-

Statutory reserves

49.848,-

Profit or loss for the previous year

712.873,-

Profit or loss for the financial year

199.948,-

Total liabilities

3.866.312,-

Total long-term liabilities

33.333,-

Long-term liabilities to credit institutions

33.333,-

Total current liabilities

3.832.979,-

Current liabilities to credit institutions

3.562.675,-

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

5.325,-

Income and social tax liabilities

264.979,-

Total operating income/revenue

30.803.093,-

Main revenue (sales/turnover)

30.802.993,-

Total operating expenses

2.389.675,-

Cost of materials (type of expenditure format)

-26.422.988,-

Personnel costs

1.634.496,-

Depreciation

69.243,-

Operating profit or loss

286.688,-

Financial income

10.600,-

Financial expenses

8.677,-

Result of ordinary operations

288.611,-

Pre-tax and pre-appropriation profit or loss

288.611,-

Appropriations

-17.283,-

Taxes

71.379,-

Net profit or loss

199.948,-

Borrowing ratio

454,15 %

Current ratio

115,57 %

Debt gearing

3,21 %

Profit margin.

0,97 %

Quick ratio

94,29 %

Return on assets

6,06 %

Return on equity.

27,81 %

Solidity or equity ratio

21,16 %

Change in turnover %

20,-

Turnover per person:

641.729,-

Operating margin

1,-

Trading profit %

1,-

Return on investment %

21,-

Return on capital %

7,-

Quick ratio

1,-

Current ratio

1,-

Equity ratio

21,-

Working capital %

3,-

Inventories/turnover %

3,-

Accounts receivable turnover in days

37,-

Accounts payable turnover in days

43,-

 

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

3.910.631,-

Total fixed assets

311.921,-

Concessions and industrial rights, goodwill

238.333,-

Total tangible fixed assets

73.588,-

Plant, machinery and equipment

73.588,-

Total Current assets

3.598.706,-

Inventories and work in progress (incl. prepayments)

659.325,-

Accounts receivable (trade)

2.829.454,-

Receivables from affiliates and companies in which participations are held

8.737,-

Cash in hand and at bank

101.190,-

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

3.910.631,-

Total equity (Shareholders' funds)

820.437,-

Issued (subscribed) capital

75.000,-

Statutory reserves

32.564,-

Profit or loss for the previous year

472.244,-

Profit or loss for the financial year

240.629,-

Total liabilities

3.090.192,-

Total long-term liabilities

100.000,-

Long-term liabilities to credit institutions

100.000,-

Total current liabilities

2.990.192,-

Current liabilities to credit institutions

2.755.349,-

Income and social tax liabilities

234.843,-

Total operating income/revenue

25.590.560,-

Main revenue (sales/turnover)

25.588.741,-

Total operating expenses

1.919.049,-

Cost of materials (type of expenditure format)

-22.015.593,-

Personnel costs

1.222.619,-

Depreciation

152.727,-

Operating profit or loss

280.572,-

Financial income

11.625,-

Financial expenses

16.705,-

Result of ordinary operations

275.493,-

Pre-tax and pre-appropriation profit or loss

275.493,-

Appropriations

64.011,-

Taxes

98.875,-

Net profit or loss

240.629,-

Borrowing ratio

530,87 %

Current ratio

120,35 %

Debt gearing

12,19 %

Profit margin.

1,14 %

Quick ratio

98,3 %

Return on assets

7,47 %

Return on equity.

33,58 %

Solidity or equity ratio

20,98 %

Change in turnover %

17,-

Turnover per person:

947.731,-

Operating margin

2,-

Trading profit %

1,-

Return on investment %

26,-

Return on capital %

8,-

Quick ratio

1,-

Current ratio

1,-

Equity ratio

21,-

Working capital %

3,-

Inventories/turnover %

3,-

Accounts receivable turnover in days

34,-

Accounts payable turnover in days

39,-

 

Turnover for the period: 01 January 2006 - 31 December 2006  in  EUR 36.480.218,00

 Not consolidated profit and loss turnover of the business: 

 

Turnover for the period: 01 January 2005 - 31 December 2005  in  EUR 30.802.993,00

 Not consolidated profit and loss turnover of the business: 

 

Turnover for the period: 01 January 2004 - 31 December 2004  in  EUR 25.588.741,00

 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