MIRA INFORM REPORT
|
Report Date : |
13.07.2011 |
IDENTIFICATION DETAILS
|
Name : |
CORMET OY |
|
|
|
|
Registered Office : |
Lyhtytie 13, 00750, Helsinki |
|
|
|
|
Country : |
Finland |
|
|
|
|
Financials (as on) : |
31.12.2010 |
|
|
|
|
Date of Incorporation : |
07.05.1996 |
|
|
|
|
Legal Form : |
Limited Company |
|
|
|
|
Line of Business : |
Other architectural and engineering activities and related technical
consultancy |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
50,000 EUR |
|
|
|
|
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 |
REGISTERED NAME & COMPANY
SUMMARY
|
Trading Name |
Cormet
Oy |
Trade Registry Number |
677140 |
|
Company Name |
Cormet
Oy |
Business ID |
10525740 |
|
Previous Name |
Finncertech Oy |
|
|
|
Telephone Number |
095660950 |
Registered Address |
Lyhtytie
13, 00750, HELSINKI |
|
Fax
Number |
0956609555 |
Visiting Address |
Lyhtytie 13, 00750,
HELSINKI |
|
Home Municipality |
Helsinki |
Postal Address |
-, -, - |
|
Incorporation Date |
07.05.1996 |
Branches |
1 |
|
Company Type |
Limited company |
Website Address |
|
|
Primary Sic Code |
71129 |
Accountant |
Ernst & Young Oy |
|
Primary Sic Description |
Other architectural and
engineering activities and related technical consultancy |
Last Accounts Date |
31.12.2010 |
|
Share Capital (€) |
102.595 |
Holding Company |
|
|
Deals in importing |
Yes |
Foreign Ownership |
|
|
Deals in exporting |
Yes |
Currency |
EUR |
CREDIT RECOMENDATION
Current Credit Limit:
50,000 EUR
DIRECTORS/MANAGEMENT
Current Directors
|
Name |
Kääriäinen
Kari Mikael |
|
|
|
Date of Birth |
29.09.1946 |
Appointment Date |
28.12.2009 |
|
Nationality |
FINLAND |
Function |
Actual Member of Board |
|
Name |
Piippo Juha Petri |
|
|
|
Date of Birth |
12.06.1964 |
Appointment Date |
28.12.2009 |
|
Nationality |
FINLAND |
Function |
Chairman of Board |
|
Name |
Väinölä Jukka Tapani |
|
|
|
Date of Birth |
04.05.1950 |
Appointment Date |
07.05.1996 |
|
Nationality |
FINLAND |
Function |
Managing director |
|
Name |
Väinölä Jukka Tapani |
|
|
|
Date of Birth |
04.05.1950 |
Appointment Date |
28.12.2009 |
|
Nationality |
FINLAND |
Function |
Actual Member of Board |
Other Company
Officials
|
Name |
Nyholm Bengt Christer
Valdemar |
|
|
|
Date of Birth |
23.06.1962 |
Appointment Date |
27.04.2005 |
|
Nationality |
FINLAND |
Function |
Principal accountant |
NEGATIVE INFORMATION
No negative information
found.
SHARE & SHARE CAPITAL
INFORMATION
Shareholder
Information
|
Year |
31.12.2010 |
|
Total Value of Shares |
102.595 |
|
Number of Shares |
61 |
|
Value of Shares |
1681.88 |
PAYMENT INFORMATION
Na
GROUP STRUCTURE & AFFILIATED
COMPANIES
Na
FINANCIAL INFORMATION
Financial
Statement
|
Year |
|
2010 |
|
2009 |
Key Financials
|
Year |
31.12.2010 |
% |
31.12.2009 |
% |
31.12.2008 |
% |
31.12.2007 |
|
Turnover (€) |
1.776.000 |
-5% |
1.861.000 |
25% |
1.483.000 |
49% |
997.000 |
|
Result After Taxes(€) |
343.000 |
-6% |
365.000 |
47% |
249.000 |
133% |
107.000 |
|
Total Assets(€) |
1.427.000 |
31% |
1.086.150 |
53% |
709.160 |
-7% |
766.180 |
|
Number of Employees |
1-4 |
|
4 |
|
4 |
|
4 |
|
Estimated Shareholders
Funds |
1.270.030 |
65% |
771.167 |
47% |
524.778 |
49% |
352.443 |
Ratios
|
Year |
31.12.2010 |
|
31.12.2009 |
|
31.12.2008 |
|
31.12.2007 |
|
Solvency Ratio |
89% |
|
71% |
|
74% |
|
46% |
|
|
Exceptionally Low
Indebtedness |
|
Exceptionally Low
Indebtedness |
|
Exceptionally Low
Indebtedness |
|
Low Indebtedness |
|
Operating Result Ratio |
26,40 |
|
26,50 |
|
23,20 |
|
14,20 |
|
Turnover Employee Ratio |
710,40 |
|
46.525,00 |
|
37.075,00 |
|
24.925,00 |
FOREIGN EXCHANGE RATES
Na
ADDITIONAL INFORMATION
Registrations in
Force
|
|
State |
Registration Date |
|
Tax Administration |
Registered |
05.06.1996 |
|
Trade Register |
Registered |
07.05.1996 |
|
Employer Register |
Registered |
01.05.1996 |
|
Prepayment Register |
Registered |
28.05.1996 |
|
Value Added
Tax-Liability |
VAT-liable for business
activity |
01.05.1996 |
NOTES & COMMENTS
Na
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.69 |
|
UK Pound |
1 |
Rs.70.87 |
|
Euro |
1 |
Rs.62.26 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or
its officials.