MIRA INFORM REPORT

 

 

Report Date :

19.11.2008

 

IDENTIFICATION DETAILS

 

Name :

OY MOTORAL AB

 

 

Registered Office :

Valuraudankuja 1, 00700 Helsinki

 

 

Country :

Finland

 

 

Financials (as on) :

31.03.2007

 

 

Date of Incorporation :

01.01.1958

 

 

Com. Reg. No.:

01117761

 

 

Legal Form :

Private Joint-Stock Company

 

 

Line of Business :

Sale of Motor Vehicle Parts and Accessories

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Maximum Credit Limit :

EUR 850000

 

 

Status :

Good

 

 

Payment Behaviour :

Regular

 

 

Litigation :

Clear

 

Name & address

 

OY MOTORAL AB

VALURAUDANKUJA 1

00700 HELSINKI FI

Tel. Number                                    +358-9-37541

Fax number                                     +358-9-3754321

web-address                                    WWW.MOTORAL.FI

E-mail address                                 MOTORAL@MOTORAL.FI

 

 

Business founded

01 January 1958

Business registered

18 July 1958 - Private joint-stock company

Tax number :,

01117761,

Registration number,

01117761,

Brand name,

PULL-CINELLA,

Trade name,

MOTOPLAST,

Registration address,

VALURAUDANTIE 18, HELSINKI, 00700, FI

Visiting address,

VALURAUDANKUJA 1, HELSINKI, 00700, FI

Delivery address,

VALURAUDANKUJA 1, HELSINKI, 00700, FI

Legal form

Private joint-stock company

Activities

Sale of motor vehicle parts and accessories

 

Manufacture of builders' ware of plastic

Payment experience

Payment regular

Credit opinion

High creditworthiness

 

Maximum credit limit 850000 EUR is advised

Employees (Business)

 125

Total share capital18 July 1958

EUR 1009128

Management

KIVINEN JUHA ERKKI   Managing director

Boardmembers

STR!OM KAJ CHRISTER   Chairman of the board

 

STR!OM REIJO OLAVI   Boardmember

 

KIVINEN JUHA ERKKI   Boardmember

(Part-) Owner

STR!OM KAJ   50,0 %   Shareholder

 

STR!OM REIJO OLAVI   50,0 %   Shareholder

Auditor

VUORENALUSTA ASKO EINARI   Auditor

 

MITRO ERKKI JUHANI   Auditor

Bank

NORDEA PANKKI SUOMI OYJ, HELSINKI-YRITYSKONTTORI   

Subsidiary company.

01147645   OY TARVIKEYHTYM!E AB,VALURAUDANKUJA 1,00700,HELSINKI,FI   100,0 %   

 

01779298   OY P. SIIVONEN,TIILITIE 153,61330,KOSKENKORVA,FI   100,0 %   

 

08138346   OY MOTOPLAST AB,VALURAUDANTIE 18,00700,HELSINKI,FI   100,0 %   

 

10304673   KIINTEIST!O OY VALURAUDANKUJA 1,VALURAUDANKUJA 1,00700,HELSINKI,FI   100,0 %   

 

MOTORAL EESTI AS, VIRO   100,0 %   

Branch office(s)

ILMAJOKI   

 

 

 

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

all debentures and debenture mortgages taken out.  2943289 

 

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

Total assets incl. prepaid expenses and accrued income

30.273.581,-

Total fixed assets

14.569.818,-

Total intangible fixed assets

61.648,-

Total tangible fixed assets

6.974.879,-

Land and buildings

6.074.700,-

Plant, machinery and equipment

900.179,-

Total financial fixed assets

7.533.291,-

Investments (long-term)

7.533.291,-

Total Current assets

15.703.757,-

Inventories and work in progress (incl. prepayments)

7.731.111,-

Accounts receivable (trade)

5.300.163,-

Receivables from affiliates and companies in which participations are held

1.673.167,-

Cash in hand and at bank

999.316,-

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

30.273.581,-

Total equity (Shareholders' funds)

10.625.346,-

Issued (subscribed) capital

1.009.127,-

Share premium account (capital reserve)

3.751.430,-

Capital reserve

840,-

Revaluation reserves

3.750.590,-

Profit or loss for the previous year

4.630.285,-

Profit or loss for the financial year

1.234.504,-

Total liabilities

19.648.229,-

Total long-term liabilities

7.691.690,-

Long-term Loans, Mortgage debts

570.632,-

Long-term liabilities to credit institutions

7.121.058,-

Total current liabilities

11.956.539,-

Current liabilities to credit institutions

11.717.277,-

Income and social tax liabilities

239.262,-

Total operating income/revenue

30.380.517,-

Main revenue (sales/turnover)

30.060.112,-

Total operating expenses

2.792.261,-

Cost of materials (type of expenditure format)

-21.349.892,-

Personnel costs

4.856.260,-

Depreciation

400.519,-

Operating profit or loss

981.582,-

Financial income

-26.046,-

Financial expenses

573.157,-

Result of ordinary operations

382.378,-

Extraordinary income

1.314.000,-

Extraordinary expenses

4.372,-

Pre-tax and pre-appropriation profit or loss

1.692.005,-

Taxes

457.501,-

Net profit or loss

1.234.504,-

Borrowing ratio

186 %

Current ratio

131,34 %

Debt gearing

72,39 %

Profit margin.

3,18 %

Quick ratio

62,55 %

Return on assets

3,16 %

Return on equity.

3,6 %

Solidity or equity ratio

35,1 %

Change in turnover %

19,-

Turnover per person:

240.481,-

Operating margin

5,-

Trading profit %

3,-

Return on investment %

4,-

Return on capital %

3,-

Quick ratio

1,-

Current ratio

1,-

Equity ratio

35,-

Working capital %

33,-

Inventories/turnover %

26,-

Accounts receivable turnover in days

57,-

Accounts payable turnover in days

50,-

 

 

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

 

Total assets incl. prepaid expenses and accrued income

27.468.025,-

Total fixed assets

14.456.150,-

Total intangible fixed assets

32.334,-

Total tangible fixed assets

6.890.525,-

Land and buildings

6.152.126,-

Plant, machinery and equipment

738.399,-

Total financial fixed assets

7.533.291,-

Investments (long-term)

7.533.291,-

Total Current assets

13.011.868,-

Inventories and work in progress (incl. prepayments)

7.986.373,-

Accounts receivable (trade)

3.337.855,-

Receivables from affiliates and companies in which participations are held

1.222.234,-

Cash in hand and at bank

465.406,-

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

27.468.025,-

Total equity (Shareholders' funds)

9.770.842,-

Issued (subscribed) capital

1.009.127,-

Share premium account (capital reserve)

3.751.430,-

Capital reserve

840,-

Revaluation reserves

3.750.590,-

Profit or loss for the previous year

4.101.167,-

Profit or loss for the financial year

909.118,-

Total liabilities

17.697.176,-

Total long-term liabilities

8.539.049,-

Long-term Loans, Mortgage debts

822.523,-

Long-term liabilities to credit institutions

7.716.526,-

Total current liabilities

9.158.127,-

Current liabilities to credit institutions

8.340.469,-

Income and social tax liabilities

817.658,-

Total operating income/revenue

25.709.951,-

Main revenue (sales/turnover)

25.377.815,-

Total operating expenses

2.414.600,-

Cost of materials (type of expenditure format)

-17.732.005,-

Personnel costs

4.436.038,-

Depreciation

357.399,-

Operating profit or loss

769.905,-

Financial income

25.237,-

Financial expenses

473.394,-

Result of ordinary operations

321.747,-

Extraordinary income

912.000,-

Pre-tax and pre-appropriation profit or loss

1.233.747,-

Taxes

324.629,-

Net profit or loss

909.118,-

Borrowing ratio

181,72 %

Current ratio

142,08 %

Debt gearing

87,39 %

Profit margin.

3,13 %

Quick ratio

54,08 %

Return on assets

2,89 %

Return on equity.

3,29 %

Solidity or equity ratio

35,57 %

Change in turnover %

7,-

Turnover per person:

222.612,-

Operating margin

4,-

Trading profit %

3,-

Return on investment %

4,-

Return on capital %

3,-

Quick ratio

1,-

Current ratio

1,-

Equity ratio

36,-

Working capital %

35,-

Inventories/turnover %

32,-

Accounts receivable turnover in days

45,-

Accounts payable turnover in days

48,-

 

 

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

 

Total assets incl. prepaid expenses and accrued income

23.113.748,-

Total fixed assets

10.072.364,-

Total intangible fixed assets

36.992,-

Total tangible fixed assets

6.687.081,-

Land and buildings

6.098.727,-

Plant, machinery and equipment

588.354,-

Total financial fixed assets

3.348.291,-

Investments (long-term)

3.348.291,-

Total Current assets

13.041.376,-

Inventories and work in progress (incl. prepayments)

8.050.600,-

Accounts receivable (trade)

3.156.037,-

Receivables from affiliates and companies in which participations are held

1.803.166,-

Cash in hand and at bank

31.573,-

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

23.113.748,-

Total equity (Shareholders' funds)

9.241.723,-

Issued (subscribed) capital

1.009.127,-

Share premium account (capital reserve)

3.751.430,-

Capital reserve

840,-

Revaluation reserves

3.750.590,-

Profit or loss for the previous year

3.314.839,-

Profit or loss for the financial year

1.166.327,-

Total liabilities

13.872.020,-

Total long-term liabilities

5.059.402,-

Long-term Loans, Mortgage debts

1.112.095,-

Long-term liabilities to credit institutions

3.947.307,-

Total current liabilities

8.812.618,-

Current liabilities to credit institutions

7.891.962,-

Income and social tax liabilities

920.656,-

Total operating income/revenue

24.074.441,-

Main revenue (sales/turnover)

23.782.853,-

Total operating expenses

2.201.287,-

Cost of materials (type of expenditure format)

-16.386.238,-

Personnel costs

4.083.687,-

Depreciation

303.738,-

Operating profit or loss

1.099.488,-

Financial income

54.005,-

Financial expenses

368.771,-

Result of ordinary operations

784.722,-

Extraordinary income

799.000,-

Pre-tax and pre-appropriation profit or loss

1.583.722,-

Taxes

417.394,-

Net profit or loss

1.166.327,-

Borrowing ratio

150,71 %

Current ratio

147,99 %

Debt gearing

54,75 %

Profit margin.

4,85 %

Quick ratio

55,37 %

Return on assets

4,99 %

Return on equity.

8,49 %

Solidity or equity ratio

39,98 %

Change in turnover %

8,-

Turnover per person:

218.191,-

Operating margin

6,-

Trading profit %

5,-

Return on investment %

6,-

Return on capital %

5,-

Quick ratio

1,-

Current ratio

2,-

Equity ratio

40,-

Working capital %

35,-

Inventories/turnover %

34,-

Accounts receivable turnover in days

45,-

Accounts payable turnover in days

56,-

 

Turnover for the period: 01 April 2006 - 31 March 2007  in  EUR 30.060.112,00

 Not consolidated profit and loss turnover of the business: 

 

Turnover for the period: 01 April 2005 - 31 March 2006  in  EUR 25.377.815,00

 Not consolidated profit and loss turnover of the business: 

 

Turnover for the period: 01 April 2004 - 31 March 2005  in  EUR 23.782.853,00

 Not consolidated profit and loss turnover of the business: 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.50.52

UK Pound

1

Rs.75.54

Euro

1

Rs.63.12

 

 

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