MIRA INFORM REPORT

 

 

Report Date :           

06.08.2011

 

IDENTIFICATION DETAILS

 

Name :

DEWACO OY

 

 

Registered Office :

Raviraitti 3, Laitila, 23800

 

 

Country :

Finland

 

 

Financials (as on) :

01.12.2009

 

 

Year of Establishment :

1986

 

 

Legal Form :

Private Independent

 

 

Line of Business :

providing advice and assistance to businesses and other organizations on environmental issues

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Moderate  

 

 

Payment Behaviour :

Unknown

 

 

Litigation :

----

 

NOTES :

Any query related to this report can be made on e-mail : infodept@mirainform.com while quoting report number, name and date.

 

 

ECGC Country Risk Classification List – March 31st, 2011

 

Country Name

Previous Rating

                   (31.12.2010)                  

Current Rating

(31.03.2011)

Finland

a2

a2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

Company name & address 

 

Dewaco Oy

 

Raviraitti 3

Laitila, 23800

Finland

 

Tel:       358 2 461800

Fax:      +358 (0)2 461 84 00

 Web:   www.dwteng.com

 

 

Synthesis     

 

Employees:                   29

Company Type:            Private Independent

Incorporation Date:         1986   

Financials in:                 USD (Millions)

Fiscal Year End:            01-Dec-2009

Reporting Currency:       Euro

Annual Sales:               7.0

Net Income:                   (0.2)

Total Assets:                 4.6

 

 

Business Description     

 

DEWACO OY is primarily engaged in providing advice and assistance to businesses and other organizations on environmental issues, such as the control of environmental contamination from pollutants, toxic substances, and hazardous materials. These establishments identify problems (e.g., inspect buildings for hazardous materials), measure and evaluate risks, and recommend solutions. They employ a multidisciplined staff of scientists, engineers, and other technicians with expertise in areas, such as air and water quality, asbestos contamination, remediation, and environmental law. Establishments providing sanitation or site remediation consulting services are included in this industry.

 

Industry

Industry            Miscellaneous Capital Goods

ANZSIC 2006:    2499 - Other Machinery and Equipment Manufacturing Not Elsewhere Classified

NACE 2002:      2956 - Manufacture of other special purpose machinery not elsewhere classified

NAICS 2002:     333298 - All Other Industrial Machinery Manufacturing

UK SIC 2003:    2956 - Manufacture of other special purpose machinery not elsewhere classified

US SIC 1987:    3569 - General Industrial Machinery and Equipment, Not Elsewhere Classified

 

           

Key Executives   

  Bottom of Form

Name

Title

Hannu Turunen

Managing Director / Director

Siri Dahanayake

Sales Director

Timo Kivimäki

Purchasing Executive

Pentti Antero Tuunala

Chairman

Kalevi Antero Lehto

Board member

 

Registered No.(UK): 06214587

Registered No.(FIN): 06214587

 

1 - Profit & Loss Item Exchange Rate: USD 1 = EUR 0.7234873

2 - Balance Sheet Item Exchange Rate: USD 1 = EUR 0.6625369

 

 

Corporate Overview

 

Location

Raviraitti 3

Laitila, 23800

Finland

Tel:       358 2 461800

Fax:      +358 (0)2 461 84 00

Web:    www.dwteng.com

           

Sales EUR(mil):             5.1

Assets EUR(mil):           3.0

Employees:                   29

Fiscal Year End:            01-Dec-2009

Industry:                        Miscellaneous Capital Goods

Incorporation Date:         1986

Company Type:             Private Independent

Quoted Status:              Not Quoted

Registered No.(UK):       06214587

Registered No.(FIN):       06214587

Managing Director

/ Director:                      Hannu Turunen

 

 

Contents

 

·         Industry Codes

·         Business Description

·         Financial Data

·         Key Corporate Relationships

 

Industry Codes

 

ANZSIC 2006 Codes:

2499     -          Other Machinery and Equipment Manufacturing Not Elsewhere Classified

 

NACE 2002 Codes:

2956     -          Manufacture of other special purpose machinery not elsewhere classified

 

NAICS 2002 Codes:

333298  -          All Other Industrial Machinery Manufacturing

 

US SIC 1987:

3569     -          General Industrial Machinery and Equipment, Not Elsewhere Classified

 

UK SIC 2003:

2956     -          Manufacture of other special purpose machinery not elsewhere classified

 

Business Description

Dewaco Oy is primarily engaged in manufacture of machinery for working soft rubber or plastics or for the manufacture of products of these materials (extruders, moulders, pneumatic tyre making or retreading machines and other machines for making a specific rubber or plastic product); manufacture of printing and bookbinding machines; manufacture of machinery for producing tiles, bricks, shaped ceramic pastes, pipes, graphite electrodes, blackboard chalk, foundry moulds, etc.; manufacture of moulding boxes for any material; mould bases; moulding patterns; moulds; manufacture of dryers for wood, paper pulp, paper or paperboard; manufacture of centrifugal clothes dryers; manufacture of diverse special machinery and equipment (machines to assemble electric or electronic lamps, tubes (valves) or bulbs; machines for production or hot-working of glass or glassware, glass fibre or yarn; machinery or apparatus for isotopic separation; rope-making machinery, etc.); and manufacture of industrial robots for multiple uses.

 

More Business Descriptions

DEWACO OY is primarily engaged in providing advice and assistance to businesses and other organizations on environmental issues, such as the control of environmental contamination from pollutants, toxic substances, and hazardous materials. These establishments identify problems (e.g., inspect buildings for hazardous materials), measure and evaluate risks, and recommend solutions. They employ a multidisciplined staff of scientists, engineers, and other technicians with expertise in areas, such as air and water quality, asbestos contamination, remediation, and environmental law. Establishments providing sanitation or site remediation consulting services are included in this industry.

 

Financial Data

Financials in:

EUR(mil)

 

Revenue:

5.1

Net Income:

-0.1

Assets:

3.0

Current Assets:

2.3

 

Issued Capital:

0.0

 

Net Worth:

0.8

 

 

 

Date of Financial Data:

01-Dec-2009

 

1 Year Growth

NA

NA

NA

 

Key Corporate Relationships

Bank:

Osuuspankki

 

 

 

 

 

 

 

 

 

Executives Report

 

Board of Directors

 

Name

Title

Function

 

Pentti Antero Tuunala

 

Chairman

Chairman

 

Kalevi Antero Lehto

 

Board member

Director/Board Member

 

Timo Antero Sarkki

 

Board member

Director/Board Member

 

 

Executives

 

Name

Title

Function

 

Hannu Turunen

 

Managing Director / Director

Managing Director

 

Siri Dahanayake

 

Sales Director

Sales Executive

 

Pekka Heinonen

 

Sales Director

Sales Executive

 

Timo Kivimäki

 

Purchasing Executive

Purchasing Executive

 

 

 

Annual Profit & Loss

 

 

 

01-Dec-2009

01-Dec-2008

Period Length

12 Months

12 Months

Filed Currency

EUR

EUR

Exchange Rate (Period Average)

0.723487

0.679421

Consolidated

No

No

 

 

 

Total income

1.0

2.2

Cost of goods sold

0.7

1.6

Other operating costs

0.1

0.2

Total operating costs

1.1

1.9

Interest received from loans

0.0

-

Profit before tax

-0.1

0.2

Total taxation

-

0.0

Income before depreciation

-0.1

0.2

Depreciation

0.0

0.0

Profit before financial items

-0.1

0.2

Other financial expenses

-

0.0

Income/profit after financial items

-0.1

0.2

Income before allocations

-0.1

0.2

Net income

-0.1

0.1

 

 

 

Annual Balance Sheet

 

Financials in: USD (mil)

 

 

 

01-Dec-2009

01-Dec-2008

Filed Currency

EUR

EUR

Exchange Rate

0.662537

0.793934

Consolidated

No

No

 

 

 

Issued capital

0.1

0.0

Non restricted equity

0.0

0.1

Total stockholders equity

0.1

0.1

Other long-term liabilities

-

0.2

Trade creditors

0.1

0.0

Other current liabilities

0.2

0.3

Total current liabilities

0.2

0.5

Land and buildings

-

0.3

Machinery and tools

0.0

0.1

Depreciable assets

0.1

0.4

Total non-current assets

0.1

0.4

Stocks

-

0.1

Trade debtors

0.1

0.1

Cash and liquid assets

0.1

0.0

Short-term investments

0.0

-

Shares in associated companies

0.0

-

Total current assets

0.2

0.3

Total assets

0.3

0.6

 

 

Annual Ratios

 

Financials in: USD (mil)

 

 

 

01-Dec-2009

01-Dec-2008

Period Length

12 Months

12 Months

Filed Currency

EUR

EUR

Exchange Rate

0.662537

0.793934

Consolidated

No

No

 

 

 

Current ratio

1.00

0.80

Quick ratio

1.00

0.40

Asset turnover

0.03%

0.03%

Profit margin

0.07%

0.07%

Equity ratio

0.23%

0.21%

Interest on liabilities

-

0.03%

Risk margin

0.49%

1.05%

Net worth

0.1

0.1

Number of employees

4

3

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.44.80

UK Pound

1

Rs.72.86

Euro

1

Rs.63.11

 

 

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

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

----

NB

New Business

----

 

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

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.