MIRA
INFORM REPORT
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Report Date : |
29.03.2011 |
IDENTIFICATION DETAILS
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Name : |
L-FASHION GROUP OY |
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Formerly Known As : |
LUHTA OY |
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Registered Office : |
Linjakatu 5, 15100, |
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Country : |
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Date of Incorporation : |
12.01.1937 |
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Legal Form : |
Limited Company |
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Line of Business : |
Manufacture of other outerwear |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal commitments. |
Satisfactory |
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Maximum Credit Limit : |
(€) 50.000 |
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Status : |
Satisfactory |
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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 – December 31, 2010
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Country Name |
Previous Rating (30.09.2010) |
Current Rating (31.12.2010) |
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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 |
Summary
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Company Name |
L-Fashion Group Oy |
Company Number |
01491585 |
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Trading Name |
L-Fashion Group Oy |
Trade Registry Number |
81029 |
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Company Name |
L-Fashion Group Oy |
Business ID |
01491585 |
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Previous Name |
Luhta Oy |
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Telephone Number |
03822111 |
Registered Address |
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Fax Number |
038221215 |
Visiting Address |
Linjakatu 5, 15100, |
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Postal Address |
PL 55, 15501, |
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Incorporation Date |
12.01.1937 |
Branches |
35 click to view branches |
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Company Type |
Limited company |
Website Address |
www.luhta.fi |
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Primary Sic Code |
14130 |
Accountant |
Tuokko Timo Antero |
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Primary Sic Description |
Manufacture of other outerwear |
Last Accounts Date |
31.12.2009 |
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Share Capital (€) |
10.462.130 |
Holding Company |
POLAP-TEAM OY |
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Deals in importing |
Yes |
Foreign Ownership |
No |
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Deals in exporting |
Yes |
Currency |
EUR |
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Credit Limit
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Today’s Limit (€) |
50.000 |
Key Financials
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Year |
31.12.2009 |
% |
31.12.2008 |
% |
31.12.2007 |
% |
31.12.2006 |
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Turnover (€) |
130.899.000 |
6% |
123.360.000 |
7% |
114.918.000 |
-8% |
124.717.000 |
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Result After Taxes(€) |
1.452.000 |
999.9% |
85.000 |
-98% |
3.406.000 |
-48% |
6.532.000 |
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Total Assets(€) |
94.143.690 |
-4% |
97.678.500 |
-18% |
119.208.460 |
8% |
110.363.370 |
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Number of Employees |
435 |
-4% |
454 |
-11% |
509 |
-11% |
571 |
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Estimated Shareholders Funds |
58.369.088 |
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58.607.100 |
-9% |
64.372.568 |
1% |
64.010.755 |
Ratios
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Year |
31.12.2009 |
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31.12.2008 |
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31.12.2007 |
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31.12.2006 |
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Solvency Ratio |
62% |
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60% |
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54% |
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58% |
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Exceptionally Low Indebtedness |
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Low Indebtedness |
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Low Indebtedness |
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Low Indebtedness |
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Operating Result Ratio |
5,60 |
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3,00 |
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6,20 |
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9,30 |
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Turnover Employee Ratio |
30.092,00 |
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27.172,00 |
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22.577,00 |
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21.842,00 |
Shareholder Information
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Year |
31.12.2009 |
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Total Value of Shares |
10.462.130 |
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Number of Shares |
957.000 |
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Value of Shares |
10.93 |
Registrations in Force
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State |
Registration Date |
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Tax Administration |
Registered |
15.03.1978 |
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Trade Register |
Registered |
12.01.1937 |
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Employer Register |
Registered |
01.01.1979 |
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Prepayment Register |
Registered |
01.03.1995 |
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Value Added Tax-Liability |
VAT-liable for business activity |
01.06.1994 |
Business History
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Date |
Event |
Source Company Name |
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01.01.2011 |
Merger |
L-Retail Oy merged into L-Fashion Group Oy |
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31.12.2010 |
Merger |
L-Retail Oy merged into L-Fashion Group Oy |
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01.07.2010 |
Merger |
Everdeal Retail Oy merged into L-Fashion Group Oy |
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30.06.2010 |
Merger |
Everdeal Retail Oy merged into L-Fashion Group Oy |
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31.12.1996 |
Merger |
07491295 merged into L-Fashion Group Oy |
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26.07.1995 |
Merger |
06902312 merged into L-Fashion Group Oy |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.44.78 |
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1 |
Rs.71.64 |
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Euro |
1 |
Rs.62.96 |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 |
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<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 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.