MIRA INFORM REPORT

 

 

Report Date :

25.08.2011

 

IDENTIFICATION DETAILS

 

Name :

KULTAJOUSI OY

 

 

Registered Office :

Välitalontie 71 Helsinki, 00660

 

 

Country :

Finland

 

 

Financials (as on) :

01.12.2009

 

 

Year of Establishment :

1967

 

 

Com. Reg. No.:

02221632

 

 

Legal Form :

Private Subsidiary

 

 

Line of Business :

Other retail sale in specialised stores

 

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 :

Clear

 

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 and address

 

Top of Form

Kultajousi Oy

                                                                                                                                                

 

Välitalontie 71

 

 

Helsinki, 00660

Finland

 

Tel:

358 20 7417600

Fax:

358 20 7417619

 

www.kultajousi.fi

 

Employees:

247

Company Type:

Private Subsidiary

Corporate Family:

3 Companies

Ultimate Parent:

Golden Heights Oy

 

 

Incorporation Date:

1967

Financials in:

USD (mil)

 

 

Fiscal Year End:

01-Dec-2009

Reporting Currency:

Euro

Annual Sales:

47.8

Net Income:

(1.0)

Total Assets:

36.4

 

Business Description          

 

 

Kultajousi Oy is primarily engaged in retailing miscellaneous specialty foods (except meat, fish, seafood, fruit and vegetables, confections, nuts, popcorn, and baked goods) not for immediate consumption and not made on the premises.

 

Industry

             

 

Industry

Retail (Specialty)

ANZSIC 2006:

4279 - Other Store-Based Retailing Not Elsewhere Classified

NACE 2002:

5248 - Other retail sale in specialised stores

NAICS 2002:

453 - Miscellaneous Store Retailers

UK SIC 2003:

5248 - Other retail sale in specialised stores

US SIC 1987:

599 - Retail Stores, Not Elsewhere Classified

 

Key Executives   

             

 

Name

Title

Kaj Wikström

Managing Director / Director

Sten Tage Birger Warborn

Chairman

Sverker Albrektson

Board member

Bengt Oskar Lennart Warborn

Board member

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
Välitalontie 71
Helsinki, 00660
Finland

 

Tel:

358 20 7417600

Fax:

358 20 7417619

 

www.kultajousi.fi

Sales EUR(mil):

34.6

Assets EUR(mil):

24.1

Employees:

247

Fiscal Year End:

01-Dec-2009

 

Industry:

Retail (Specialty)

Incorporation Date:

1967

Company Type:

Private Subsidiary

Quoted Status:

Not Quoted

Registered No.(UK):

02221632

Registered No.(FIN):

02221632

 

Managing Director / Director:

Kaj Wikström

Contents

·         Industry Codes

·         Business Description

·         Financial Data

·         Subsidiaries

Industry Codes

 

ANZSIC 2006 Codes:

4279

-

Other Store-Based Retailing Not Elsewhere Classified

 

NACE 2002 Codes:

5248

-

Other retail sale in specialised stores

 

NAICS 2002 Codes:

453

-

Miscellaneous Store Retailers

 

US SIC 1987:

599

-

Retail Stores, Not Elsewhere Classified

 

UK SIC 2003:

5248

-

Other retail sale in specialised stores

 

 

Business Description

Kultajousi Oy is primarily engaged in retail sale of floor coverings; retail sale of photographic, optical and precision equipment, office supplies and equipment (including computers); retail sale of jewellery, clocks and watches; retail sale of sports goods, games and toys, stamps and coins; retail sale in commercial art galleries; retail sale by opticians; retail sale of mobile telephones; and other retail sale in specialised stores not elsewhere classified.

 

 

More Business Descriptions

Kultajousi Oy is primarily engaged in retailing miscellaneous specialty foods (except meat, fish, seafood, fruit and vegetables, confections, nuts, popcorn, and baked goods) not for immediate consumption and not made on the premises.

 

 

 

 

 

 

Financial Data

 

Financials in:

EUR(mil)

 

Revenue:

34.6

Net Income:

-0.7

Assets:

24.1

Current Assets:

20.3

 

Issued Capital:

0.1

 

Net Worth:

12.7

 

 

 

Date of Financial Data:

01-Dec-2009

 

1 Year Growth

NA

NA

NA

 

 

Subsidiaries

Company

Percentage Owned

Country

Oy Alexander Tillander AB

 

Finland

 

 

 

 

 

 

Corporate Structure News

 

Kultajousi Oy
Total Corporate Family Members: 3

 

 

 

 

Company Name

Company Type

Location

Country

Industry

Sales
(USD mil)

Employees

Golden Heights Oy

Parent

 

 

 

 

 

Kultajousi Oy

Subsidiary

Helsinki

Finland

Retail (Specialty)

47.8

247

Oy Alexander Tillander AB

Subsidiary

Helsinki

Finland

Retail (Specialty)

1.8

6

 

 

 

 

Executives Report

 

 

Board of Directors

 

Name

Title

Function

Sten Tage Birger Warborn

 

Chairman

Chairman

Sverker Albrektson

 

Board member

Director/Board Member

Bengt Oskar Lennart Warborn

 

Board member

Director/Board Member

 

Executives

 

Name

Title

Function

Kaj Wikström

 

Managing Director / Director

Managing Director

  

 

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

1.5

5.9

Cost of goods sold

-

2.5

Other operating costs

0.5

2.0

Total operating costs

0.5

6.3

Interest received from loans

0.0

0.0

Interest payable on loans

0.2

0.0

Profit before tax

0.0

-0.5

Total taxation

-

0.0

Income before depreciation

1.0

-0.5

Depreciation

0.7

0.2

Profit before financial items

0.2

-0.8

Income/profit after financial items

0.0

-0.8

Extraordinary items

-

0.3

Income before allocations

0.0

-0.5

Net income

0.0

-0.5

 

 

 

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

1.1

0.3

Untaxed/reserves allocations

-

0.1

Other restricted equity

12.4

0.4

Non restricted equity

-2.1

-0.4

Total stockholders equity

11.5

0.3

Other long-term liabilities

8.0

0.6

Trade creditors

-

1.1

Other current liabilities

-

1.1

Total current liabilities

8.0

2.7

Land and buildings

18.6

0.6

Machinery and tools

0.4

0.8

Depreciable assets

19.0

1.7

Total non-current assets

19.0

1.7

Stocks

-

0.6

Trade debtors

-

0.6

Cash and liquid assets

0.5

0.3

Short-term investments

-

0.0

Shares in associated companies

-

0.0

Total current assets

0.5

1.4

Total assets

19.5

3.1

 

 

 

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

-

0.70

Quick ratio

334.00

0.40

Asset turnover

-

0.02%

Profit margin

-

-0.14%

Equity ratio

0.59%

0.13%

Interest on liabilities

-

0.05%

Risk margin

75.97%

3.06%

Interest cover

0.00%

0.00%

Net worth

11.5

0.3

Number of employees

-

36

 

 

 Bottom of Form

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.45.77

UK Pound

1

Rs.75.57

Euro

1

Rs.65.97

 

 

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.