MIRA INFORM REPORT

 

 

Report Date :

29.08.2011

 

IDENTIFICATION DETAILS

 

Name :

PANKABOARD OY

 

 

Registered Office :

Ruukintie 2 Pankakoski, 81750

 

 

Country :

Finland

 

 

Financials (as on) :

01.12.2009

 

 

Year of Establishment :

1993

 

 

Com. Reg. No.:

09209134

 

 

Legal Form :

Private Subsidiary

 

 

Line of Business :

Manufacture of paper and paperboard

 

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

 

Bottom of Form

Pankaboard Oy

                                                                                                                                                 

 

Ruukintie 2

 

 

Pankakoski, 81750

Finland

 

Tel:

358 10 4804600

Fax:

358 20 4627624

 

www.pankaboard.com

 

Employees:

185

Company Type:

Private Subsidiary

Corporate Family:

2 Companies

Ultimate Parent:

Pankakoski Board Trading Oy

 

 

Incorporation Date:

1993

Financials in:

USD (mill)

 

 

Fiscal Year End:

01-Dec-2009

Reporting Currency:

Euro

Annual Sales:

71.7

Net Income:

(1.5)

Total Assets:

48.4

 

Business Description

 

 

Pankaboard Oy is primarily engaged in performing one or more of the following activities associated with making products designed for purposes other than packaging: (1) cutting and coating paper; (2) cutting and laminating paper and other flexible materials (except plastics film to plastics film); and (3) laminating aluminum and other metal foils for nonpackaging uses from purchased foils. The products made in this industry are made from purchased sheet materials and may be printed in the same establishment.

 

Industry

             

 

Industry

Paper and Paper Products

ANZSIC 2006:

1510 - Pulp, Paper and Paperboard Manufacturing

NACE 2002:

2112 - Manufacture of paper and paperboard

NAICS 2002:

3221 - Pulp, Paper, and Paperboard Mills

UK SIC 2003:

2112 - Manufacture of paper and paperboard

US SIC 1987:

2231 - Broadwoven Fabric Mills, Wool (Including Dyeing and Finishing)

 

Key Executives   

             

 

Name

Title

Lauri Junnila

Managing Director / Director

Mauri Karhapää

Finance Manager

Harri Malinen

Sales Director

Pasi Saastamoinen

Materiaalitoiminnot

Antti Veitola

Production Director

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
Ruukintie 2
Pankakoski, 81750
Finland

 

Tel:

358 10 4804600

Fax:

358 20 4627624

 

www.pankaboard.com

Sales EUR(mil):

51.9

Assets EUR(mil):

32.1

Employees:

185

Fiscal Year End:

01-Dec-2009

 

Industry:

Paper and Paper Products

Incorporation Date:

1993

Company Type:

Private Subsidiary

Quoted Status:

Not Quoted

Registered No.(UK):

09209134

Registered No.(FIN):

09209134

 

Managing Director / Director:

Lauri Junnila

Contents

·         Industry Codes

·         Business Description

·         Financial Data

Industry Codes

 

ANZSIC 2006 Codes:

1510

-

Pulp, Paper and Paperboard Manufacturing

 

NACE 2002 Codes:

2112

-

Manufacture of paper and paperboard

 

NAICS 2002 Codes:

3221

-

Pulp, Paper, and Paperboard Mills

 

US SIC 1987:

2231

-

Broadwoven Fabric Mills, Wool (Including Dyeing and Finishing)

 

UK SIC 2003:

2112

-

Manufacture of paper and paperboard

 

 

 

Business Description

Pankaboard Oy is primarily engaged in manufacture of paper and paperboard intended for further industrial processing. This class also includes: coating, covering and impregnation of paper and paperboard; manufacture of creped or crinkled paper; manufacture of newsprint and other printing paper or writing paper; and manufacture of cellulose wadding and webs of cellulose fibres.

 

 

More Business Descriptions

Pankaboard Oy is primarily engaged in performing one or more of the following activities associated with making products designed for purposes other than packaging: (1) cutting and coating paper; (2) cutting and laminating paper and other flexible materials (except plastics film to plastics film); and (3) laminating aluminum and other metal foils for nonpackaging uses from purchased foils. The products made in this industry are made from purchased sheet materials and may be printed in the same establishment.

 

 

 

 

 

 

 

 

Financial Data

 

Financials in:

EUR(mil)

 

Revenue:

51.9

Net Income:

-1.1

Assets:

32.1

Current Assets:

20.5

 

Issued Capital:

5.1

 

Net Worth:

1.1

 

 

 

Date of Financial Data:

01-Dec-2009

 

1 Year Growth

NA

NA

NA

 

 

 

 

Corporate Structure News

 

Pankaboard Oy
Total Corporate Family Members: 2

 

 

 

 

Company Name

Company Type

Location

Country

Industry

Sales
(USD mil)

Employees

Pankakoski Board Trading Oy

Parent

 

 

 

 

 

Pankaboard Oy

Subsidiary

Pankakoski

Finland

Paper and Paper Products

71.7

185

 

 

 

Executives Report

 

 

Board of Directors

 

Name

Title

Function

Ian Mcmillan Halliday

 

Chairman

Chairman

Magnus Christopher Diesen

 

Board member

Director/Board Member

Mikko Arvo Antero Heinonen

 

Board member

Director/Board Member

Karl-Johan Lindborg

 

Board member

Director/Board Member

 

 

Executives

 

Name

Title

Function

Ari Kotilainen

 

General Manager / Manager, Technical Manager

Division Head Executive

Lauri Junnila

 

Managing Director / Director

Managing Director

Mauri Karhapää

 

Finance Manager

Finance Executive

Aimo Hämäläinen

 

Tehdaspalvelu

Sales Executive

Harri Malinen

 

Sales Director

Sales Executive

Gunnar Ramstedt

 

Sales Director

Sales Executive

Antti Veitola

 

Production Director

Product Management Executive

Pasi Saastamoinen

 

Materiaalitoiminnot

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

1.1

1.3

Cost of goods sold

0.3

0.6

Other operating costs

0.3

0.2

Total operating costs

0.8

1.2

Interest received from loans

0.0

0.0

Profit before tax

0.2

0.1

Total taxation

0.0

0.0

Income before depreciation

0.3

0.2

Depreciation

0.1

0.0

Profit before financial items

0.2

0.1

Other financial expenses

0.0

-

Income/profit after financial items

0.2

0.1

Income before allocations

0.2

0.1

Net income

0.0

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

0.0

0.0

Untaxed/reserves allocations

0.2

-

Non restricted equity

0.3

0.4

Total stockholders equity

0.4

0.4

Other long-term liabilities

1.2

-

Trade creditors

0.0

0.0

Other current liabilities

0.2

0.1

Total current liabilities

1.5

0.1

Land and buildings

-

0.2

Machinery and tools

1.5

0.0

Depreciable assets

1.6

0.2

Total non-current assets

1.6

0.2

Stocks

0.0

0.1

Trade debtors

0.1

0.1

Cash and liquid assets

0.3

0.1

Short-term investments

0.0

-

Shares in associated companies

0.0

-

Other current assets

0.0

-

Total current assets

0.4

0.3

Total assets

2.0

0.5

 

 

 

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

1.60

2.90

Quick ratio

1.40

1.70

Asset turnover

0.01%

0.02%

Profit margin

0.18%

0.10%

Equity ratio

0.25%

0.77%

Interest on liabilities

-

0.01%

Risk margin

3.70%

3.18%

Net worth

0.4

0.4

Number of employees

6

8

 

 

Bottom of Form

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.46.05

UK Pound

1

Rs.75.19

Euro

1

Rs.66.47

 

 

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.