MIRA INFORM REPORT

 

 

Report Date :           

26.03.2011

 

IDENTIFICATION DETAILS

 

Name :

SEPPÄLÄ OY

 

 

Registered Office :

C/O Stockmann Oyj Abp Aleksanterinkatu 52 B, 00100, Helsinki

 

 

Country :

Finland

 

 

Financials (as on) :

31.12.2009

 

 

Date of Incorporation :

24.09.1976

 

 

Com. Reg. No.:

01138757

 

 

Legal Form :

Limited Company

 

 

Line of Business :

Retail sale of clothing in non-specialized stores

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Maximum Credit Limit :

50.000 (€)

Status :

Satisfactory

Payment Behaviour :

No Complaints

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 – December 31, 2010

 

Country Name

Previous Rating

                   (30.09.2010)                  

Current Rating

(31.12.2010)

Finland

A2

a2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 

Company summary

 

Company Name

Seppälä Oy

Company Number

01138757

 

Trading Name

Seppälä Oy

Trade Registry Number

244326

 

Company Name

Seppälä Oy

Business ID

01138757

 

Previous Name

Sewex Oy 

 

 

 

Telephone Number

091217200

Registered Address

c/o STOCKMANN OYJ ABP ALEKSANTERINKATU 52 B, 00100, HELSINKI

 

Fax Number

098251100

Visiting Address

Tikkurilantie 146, 01530, VANTAA

 

Home Municipality

Helsinki

Postal Address

PL 234, 01531, VANTAA

 

Incorporation Date

24.09.1976

Branches

138  

 

Company Type

Limited company

Website Address

www.seppala.fi

 

Primary Sic Code

47719

Accountant

KPMG Oy Ab

Primary Sic Description

Retail sale of clothing in non-specialized stores

Last Accounts Date

31.12.2009

 

 

Share Capital (€)

5.046.000

Holding Company

STOCKMANN OYJ ABP

 

 

Deals in importing

Yes

Foreign Ownership

No

 

 

Deals in exporting

Yes

Currency

EUR

 

 

 

 

Credit Limit

 

Limit (€)

50.000

 

 

Key Financials

 

Year

31.12.2009

%

31.12.2008

%

31.12.2007

%

31.12.2006

Turnover (€)

94.349.000

-5%

99.484.000

-2%

101.129.000

 

101.428.000

Result After Taxes(€)

265.000

-8%

289.000

-29%

407.000

48%

275.000

Total Assets(€)

47.801.000

45%

33.049.000

-16%

39.302.000

 

39.218.000

Number of Employees

901

 

500-999

 

946

1%

933

Estimated Shareholders Funds

13.384.280

4%

12.889.110

2%

12.576.640

3%

12.157.580

 

Ratios

 

Year

31.12.2009

 

31.12.2008

 

31.12.2007

 

31.12.2006

Solvency Ratio

28% 

 

39% 

 

32% 

 

31% 

 

Moderate Indebtedness

 

Moderate Indebtedness

 

Moderate Indebtedness

 

Moderate Indebtedness

Operating Result Ratio

11,40

 

10,70

 

15,10

 

15,40

Turnover Employee Ratio

10.472,00

 

132,73

 

1.069,00

 

10.871,00

 

 

Solvency Ratio Definitions

 

Solvency Ratio is calculated as:

Shareholders Funds
      Total Assets

 

 

Shareholder Information

 

Year

31.12.2009

Total Value of Shares

5.046.000

Number of Shares

30.000

Value of Shares

168.2

 

 

Registrations in Force

 

State

Registration Date

Tax Administration

Registered

15.03.1978

Trade Register

Registered

24.09.1976

Employer Register

Registered

01.11.1991

Prepayment Register

Registered

01.03.1995

Value Added Tax-Liability

VAT-liable for business activity

01.06.1994

 



FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.44.65

UK Pound

1

Rs.71.91

Euro

1

Rs.63.28

 

 

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

 

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.