MIRA
INFORM REPORT
|
Report Date : |
23.12.2011 |
IDENTIFICATION DETAILS
|
Name : |
BORMAIA FINLAND OY |
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Registered Office : |
Bulevarden 19 C 17, 00120, Helsinki |
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Country : |
Finland |
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Financials (as on) : |
31.12.2008 |
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Date of Incorporation : |
23.08.1995 |
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Com. Reg. No.: |
634051 |
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Legal Form : |
Limited Company |
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Line of Business : |
Wholesale of textiles |
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No. of Employees : |
1-4 |
RATING & COMMENTS
|
MIRAs Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
3.000 Euro |
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Status : |
Moderate |
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Payment Behaviour : |
No Complaints |
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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 September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
Finland |
A2 |
A2 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
REGISTERED NAME & COMPANY
SUMMARY
|
Trading Name |
Bormaia Finland Oy |
Trade Registry
Number |
634051 |
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Company Name |
Bormaia Finland Oy |
Business ID |
10163081 |
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Previous Name |
- |
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|
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Telephone Number |
096850230 |
Registered
Address |
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|
Fax Number |
096931302 |
Visiting Address |
Bulevarden 19 C 17, 00120, HELSINKI |
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Home
Municipality |
Helsinki |
Postal Address |
-, -, - |
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Incorporation
Date |
23.08.1995 |
Branches |
1 |
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Company Type |
Limited company |
Website Address |
|
|
Primary Sic Code |
46412 |
Accountant |
Lobbas Frej Viking |
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Primary Sic
Description |
Wholesale of textiles |
Last Accounts
Date |
31.12.2008 |
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Share Capital
() |
3.364 |
Holding Company |
|
|
Deals in
importing |
Yes |
Foreign
Ownership |
No |
|
Deals in
exporting |
No |
Currency |
EUR |
CREDIT RECOMENDATION
Current Credit Limit: 3.000
Euro
DIRECTORS/MANAGEMENT
Current Directors
|
Name |
Engstrφm Jarl Robert
Markus |
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|
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Date of Birth |
09.09.1949 |
Appointment Date |
19.02.2002 |
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Nationality |
FINLAND |
Function |
Actual Member of Board |
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Name |
Engstrφm Agneta Maria |
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|
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Date of Birth |
03.07.1950 |
Appointment Date |
03.08.2010 |
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Nationality |
FINLAND |
Function |
Managing director |
Other Company Officials
|
Name |
Engstrφm Robert Mathias |
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|
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Date of Birth |
27.03.1975 |
Appointment Date |
19.02.2002 |
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Nationality |
FINLAND |
Function |
Alternate Member of Board |
NEGATIVE INFORMATION
No negative information
found.
SHARE & SHARE CAPITAL
INFORMATION
Shareholder Information
|
Year |
31.12.2008 |
|
Total Value of Shares |
3.364 |
|
Number of Shares |
20 |
|
Value of Shares |
168.19 |
PAYMENT INFORMATION
Na
GROUP STRUCTURE & AFFILIATED
COMPANIES
Group Structure
|
Company Name |
|
Country |
Trade Registry Number |
Business ID |
Latest Key Financials |
Ownership |
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||||
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FINLAND |
299445 |
04590888 |
31.12.2010 |
- |
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|||||
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Holding Company |
Companies in Group |
2 |
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Ultimate Holding Company |
Ownership Status |
Ultimately Owned |
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Subsidiaries
|
- |
Minority Shares
|
- |
FINANCIAL INFORMATION
Key Financials
|
Year |
31.12.2008 |
% |
31.12.2007 |
% |
31.12.2006 |
% |
31.12.2005 |
|
Turnover () |
65.000 |
41% |
46.000 |
254% |
13.000 |
-75% |
52.000 |
|
Result After Taxes() |
6.000 |
-25% |
8.000 |
300% |
2.000 |
-67% |
6.000 |
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Total Assets() |
52.670 |
14% |
46.310 |
13% |
41.000 |
-18% |
50.000 |
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Number of Employees |
1-4 |
|
1-4 |
|
1-4 |
|
1-4 |
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Estimated Shareholders
Funds |
50.563 |
13% |
44.921 |
25% |
36.080 |
6% |
34.000 |
Ratios
|
Year |
31.12.2008 |
|
31.12.2007 |
|
31.12.2006 |
|
31.12.2005 |
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Solvency Ratio |
96% |
|
97% |
|
88% |
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68% |
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Exceptionally Low
Indebtedness |
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Exceptionally Low
Indebtedness |
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Exceptionally Low
Indebtedness |
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Exceptionally Low
Indebtedness |
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Operating Result Ratio |
12,90 |
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22,20 |
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30,80 |
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15,40 |
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Turnover Employee Ratio |
26,00 |
|
18,40 |
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5,20 |
|
20,80 |
Financial Statement
|
Year |
|
2010 |
|
2009 |
FOREIGN EXCHANGE RATES
Na
ADDITIONAL INFORMATION
Registrations in Force
|
|
State |
Registration Date |
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Tax Administration |
Registered |
23.08.1995 |
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Trade Register |
Registered |
23.08.1995 |
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Employer Register |
EXPIRED |
01.01.1996 |
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Prepayment Register |
EXPIRED |
25.03.1996 |
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Value Added
Tax-Liability |
VAT-liable for business activity |
14.08.1995 |
NOTES & COMMENTS
Na
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.52.78 |
|
|
1 |
Rs.82.73 |
|
Euro |
1 |
Rs.68.88 |
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 |
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-- |
NB |
New Business |
-- |
This score serves as a reference to assess SCs 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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.