MIRA INFORM REPORT

 

 

Report Date :

12.05.2011

 

IDENTIFICATION DETAILS

 

Name :

OUTOKUMPU STAINLESS OY

 

 

Formerly Known As :

AVESTAPOLARIT STAINLESS OY 

 

 

Registered Office :

Terästie, 95490, Tornio

 

 

Country :

United Kingdom

 

 

Date of Incorporation :

21.11.1990

 

 

Legal Form :

Limited Company

 

 

Line of Business :

Manufacture of basic iron and steel and of ferro-alloys

 

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

 

Summary

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Trading Name

Outokumpu Stainless Oy

Trade Registry Number

500880

 

Company Name

Outokumpu Stainless Oy

Business ID

08233159

 

Previous Name

AvestaPolarit Stainless Oy 

 

 

 

Telephone Number

0164521

Registered Address

Terästie, 95490, TORNIO

 

Fax Number

016452620

Visiting Address

Tornion tehtaat, 95400, TORNIO

 

Home Municipality

Tornio

Postal Address

-, -, -

 

Incorporation Date

21.11.1990

Branches

1  

 

Company Type

Limited company

Website Address

 

 

Primary Sic Code

24100

Accountant

KPMG Oy Ab

Primary Sic Description

Manufacture of basic iron and steel and of ferro-alloys

Last Accounts Date

31.12.2009

 

 

Share Capital (€)

78.120.000

Holding Company

 

 

 

Deals in importing

Yes

Foreign Ownership

No

 

 

Deals in exporting

Yes

Currency

EUR

 

 

 

Credit Limit

 

Today’s Limit (€)

50.000

 

Key Financials

 

Year

31.12.2009

%

31.12.2008

%

31.12.2007

%

31.12.2006

Turnover (€)

1.256.222.000

-53%

2.650.673.000

-22%

3.395.239.000

3%

3.292.018.000

Result After Taxes(€)

-167.854.000

-888%

21.294.000

-1%

21.536.000

-70%

72.441.000

Total Assets(€)

1.633.859.720

-13%

1.867.818.090

-16%

2.211.551.050

-10%

2.467.927.230

Number of Employees

2037

-9%

2241

3%

2185

1%

2163

Estimated Shareholders Funds

539.173.708

-24%

709.770.874

 

707.696.336

2%

691.019.624

 

Ratios

 

Year

31.12.2009

 

31.12.2008

 

31.12.2007

 

31.12.2006

Solvency Ratio

33% 

 

38% 

 

32% 

 

28% 

 

Moderate Indebtedness

 

Moderate Indebtedness

 

Moderate Indebtedness

 

Moderate Indebtedness

Operating Result Ratio

-13,20

 

-1,30

 

3,60

 

10,80

Turnover Employee Ratio

6.167,00

 

118.281,00

 

155.389,00

 

152.197,00

 

Shareholder Information

 

Year

31.12.2009

Total Value of Shares

78.120.000

Number of Shares

42.000.000

Value of Shares

 

 

Registrations in Force

 

 

State

Registration Date

Tax Administration

Registered

28.11.1990

Trade Register

Registered

21.11.1990

Employer Register

Registered

01.01.1991

Prepayment Register

Registered

01.03.1995

Value Added Tax-Liability

VAT-liable for business activity

01.06.1994

Payment Delays

 

Current Directors

 

Name

Suurnäkki Matti Antero

 

 

Date of Birth

27.11.1964

Appointment Date

27.07.2010

Nationality

FINLAND

Function

Actual Member of Board

 

Name

Jaako Sakari Juhani

 

 

Date of Birth

29.11.1948

Appointment Date

27.07.2010

Nationality

FINLAND

Function

Actual Member of Board

 

Name

Tuunainen Raija Helena

 

 

Date of Birth

26.01.1949

Appointment Date

27.07.2010

Nationality

FINLAND

Function

Actual Member of Board

 

Name

Hautala Hannu Olavi

 

 

Date of Birth

20.10.1965

Appointment Date

30.04.2010

Nationality

FINLAND

Function

Managing director

 

Name

Kaitue Karri Pekka

 

 

Date of Birth

19.05.1964

Appointment Date

27.07.2010

Nationality

FINLAND

Function

Chairman of Board

 

Name

Viinikka Asko Olavi

 

 

Date of Birth

25.08.1965

Appointment Date

27.07.2010

Nationality

FINLAND

Function

Actual Member of Board

 

Name

Suutala Niilo Jaakko

 

 

Date of Birth

03.02.1951

Appointment Date

27.07.2010

Nationality

FINLAND

Function

Actual Member of Board

 

 

Other Company Officials

 

Name

Korteniemi Mikko Tapani

 

 

Date of Birth

03.05.1959

Appointment Date

25.02.2011

Nationality

FINLAND

Function

Procurist

 

Name

Liisanantti Risto Heikki

 

 

Date of Birth

23.02.1950

Appointment Date

25.02.2011

Nationality

FINLAND

Function

Procurist

 

Name

Lähteenmäki Hannu Olavi

 

 

Date of Birth

19.03.1965

Appointment Date

25.02.2011

Nationality

FINLAND

Function

Procurist

 

Name

Sassi Martti Olavi

 

 

Date of Birth

20.12.1964

Appointment Date

25.02.2011

Nationality

FINLAND

Function

Procurist

 

Name

Salo Paavo Sakari

 

 

Date of Birth

25.04.1947

Appointment Date

27.07.2010

Nationality

FINLAND

Function

Alternate Member of Board

 

Name

Palvi Mauri Juha

 

 

Date of Birth

26.06.1951

Appointment Date

29.06.2006

Nationality

FINLAND

Function

Principal accountant

 

Name

Laitinen Kai Kristian

 

 

Date of Birth

07.10.1970

Appointment Date

25.02.2011

Nationality

FINLAND

Function

Procurist

 

Name

Leinonen Risto Juhani

 

 

Date of Birth

27.05.1954

Appointment Date

25.02.2011

Nationality

FINLAND

Function

Procurist

 

Name

Rättyä Eero Arvi

 

 

Date of Birth

11.12.1948

Appointment Date

25.02.2011

Nationality

FINLAND

Function

Procurist

 

Name

Karhula Aija Irina

 

 

Date of Birth

31.03.1980

Appointment Date

27.07.2010

Nationality

FINLAND

Function

Alternate Member of Board

 

Name

Puukko Esa Antero

 

 

Date of Birth

19.12.1970

Appointment Date

27.07.2010

Nationality

FINLAND

Function

Alternate Member of Board

 

Name

Keränen Sauli Antero

 

 

Date of Birth

20.05.1957

Appointment Date

27.07.2010

Nationality

FINLAND

Function

Alternate Member of Board

 

Name

Doktare Erkki Juhani

 

 

Date of Birth

27.11.1952

Appointment Date

27.07.2010

Nationality

FINLAND

Function

Alternate Member of Board

 

Name

Mäki-Kullas Perttu Mikael

 

 

Date of Birth

28.06.1964

Appointment Date

25.02.2011

Nationality

FINLAND

Function

Procurist

 

Name

Ylitalo Mikko Juhani

 

 

Date of Birth

15.01.1967

Appointment Date

25.02.2011

Nationality

FINLAND

Function

Procurist

 

Name

Kuronen Aki Tommi Oskari

 

 

Date of Birth

09.02.1970

Appointment Date

25.02.2011

Nationality

FINLAND

Function

Procurist

 

Name

Pelttari Arvo Juhani

 

 

Date of Birth

07.04.1953

Appointment Date

27.07.2010

Nationality

FINLAND

Function

Alternate Member of Board

 

Name

Niska Erkki Antero

 

 

Date of Birth

13.05.1961

Appointment Date

25.02.2011

Nationality

FINLAND

Function

Procurist

 

 

Financial Statement

 

Year

2010

2009



Holding Company

OUTOKUMPU STAINLESS STEEL OY

Companies in Group

106

Ultimate Holding Company

OUTOKUMPU OYJ

Ownership Status

Ultimately Owned

 

Subsidiaries

 

Company Name

 

Country

Trade Registry Number

Business ID

Latest Key Financials

Ownership

OUTOKUMPU STAINLESS BV

 

NETHERLANDS

-

-

-

100%

OUTOKUMPU SHIPPING OY

 

FINLAND

51386

01933734

31.12.2009

100%

 

Group Structure

 

Company Name

 

Country

Trade Registry Number

Business ID

Latest Key Financials

Ownership

OUTOKUMPU BV

 

NETHERLANDS

-

-

-

100%

OUTOKUMPU COPPER HME B.V.

 

NETHERLANDS

-

-

-

100%

OUTOKUMPU COPPER LDM B.V.

 

NETHERLANDS

-

-

-

100%

OUTOKUMPU BENELUX B.V.

 

NETHERLANDS

-

-

-

100%

OUTOKUMPU ZINC B.V.

 

NETHERLANDS

-

-

-

100%

OUTOKUMPU GEBOUWEN BV

 

NETHERLANDS

-

-

-

100%

OUTOKUMPU STAINLESS BV

 

NETHERLANDS

-

-

-

100%

OUTOKUMPU PSC BENELUX B.V.

 

NETHERLANDS

-

-

-

100%

OUTOKUMPU NICKEL RESOURCES BV

 

NETHERLANDS

-

-

-

100%

OUTOKUMPU MIDDLE EAST FZCO

 

UNITED ARAB EMIRATES

-

-

-

80%

OUTOKUMPU ZINC AUSTRALIA PTY LTD

 

AUSTRALIA

-

-

-

100%

OUTOKUMPU MINING AUSTRALIA PTY LTD

 

AUSTRALIA

-

-

-

100%

OUTOKUMPU PTY LTD

 

AUSTRALIA

-

-

-

100%

OUTOKUMPU EXPLORATION VENTURES PTY.LTD

 

AUSTRALIA

-

-

-

100%

EUROTEC N.V.

 

BELGIUM

-

-

-

100%

CONTISTEEL N.V.

 

BELGIUM

-

-

-

100%

OUTOKUMPU TREASURY BELGIUM NV SA

 

BELGIUM

526526

-

-

100%

OUTOKUMPU NV

 

BELGIUM

-

-

-

100%

PANCARELIAN LTD

 

BERMUDA

-

-

-

100%

OUTOKUMPU BRASIL COMERCIO DE METAIS LTDA.

 

BRAZIL

-

-

-

100%

OUTOKUMPU MINERA ESPANOLA SA

 

SPAIN

-

-

-

100%

OUTOKUMPU S.A.

 

SPAIN

-

-

-

100%

OUTOKUMPU RAWMET SA

 

SPAIN

-

-

-

100%

OUTOKUMPU (PTY) LTD

 

SOUTH AFRICA

-

-

-

100%

OUTOKUMPU ASIA PACIFIC LTD

 

HONG KONG

-

-

-

100%

OUTOKUMPU INDIA PRIVATE LIMITED

 

INDIA

-

-

-

100%

SOGEPAR IRELAND LIMITED

 

IRELAND

-

-

-

100%

OUTOKUMPU LTD

 

IRELAND

-

-

-

100%

SO.GE.PAR S.P.A.

 

ITALY

-

-

-

100%

FINSOGEPAR S.P.A.

 

ITALY

-

-

-

100%

OUTOKUMPU SPA

 

ITALY

-

-

-

100%

OUTOKUMPU GES.M.B.H

 

AUSTRIA

-

-

-

100%

OUTOKUMPU K.K.

 

JAPAN

-

-

-

100%

OUTOKUMPU STAINLESS TUBULAR PRODUCTS LTD

 

CANADA

-

-

-

100%

2843617 CANADA INC

 

CANADA

-

-

-

100%

OUTOKUMPU MINES, INC.

 

CANADA

-

-

-

100%

OUTOKUMPU STAINLESS STEEL (CHINA) CO. LTD

 

CHINA

-

-

-

100%

OUTOKUMPU STAINLESS TRAIDING SHANGHAI CO LTD

 

CHINA

-

-

-

100%

OUTOKUMPU UAB

 

LITHUANIA

-

-

-

100%

OUTOKUMPU AS

 

NORWAY

-

-

-

100%

OUTOKUMPU LDA.

 

PORTUGAL

-

-

-

100%

OUTOKUMPU SP.ZO.O.

 

POLAND

-

-

-

100%

SOGEPAR FRANCE S.A.R.L.

 

FRANCE

-

-

-

100%

OUTOKUMPU COPPER BRASS SA

 

FRANCE

-

-

-

100%

OUTOKUMPU S.A.S.

 

FRANCE

723728

-

31.12.2009

100%

OUTOKUMPU SRL

 

ROMANIA

-

-

-

99%

VISCARIA AB

 

SWEDEN

-

-

-

100%

AVESTA KLIPPCENTER AB

 

SWEDEN

-

-

-

100%

OUTOKUMPU COPPER GUSUM AB

 

SWEDEN

-

-

-

100%

OUTOKUMPU COPPER FABRICATION AB

 

SWEDEN

-

-

-

100%

ABB INDUSTRIUNDERHÅLL AB

 

SWEDEN

-

-

-

49%

OUTOKUMPU NORDIC BRASS AB

 

SWEDEN

-

-

-

50%

FAGERSTA STAINLESS AB

 

SWEDEN

-

-

-

50%

OUTOKUMPU STAINLESS TUBULAR PRODUCTS AB

 

SWEDEN

-

-

-

100%

VISENTA FÖRSÄKRINGS AB

 

SWEDEN

-

-

-

100%

VISENT INVEST AB

 

SWEDEN

-

-

-

100%

OUTOKUMPU NORDIC AB

 

SWEDEN

-

-

-

100%

OUTOKUMPU PRESS PLATE AB

 

SWEDEN

-

-

-

100%

OUTOKUMPU PREFAB AB

 

SWEDEN

714145

-

31.12.2009

100%

OUTOKUMPU STAINLESS AB

 

SWEDEN

-

-

-

100%

AB ÖRNSKÖLDSVIKS MEKANISKA VERKSTAD

 

SWEDEN

-

-

-

100%

KOPPARLUNDEN DEVELOPMENT AB

 

SWEDEN

-

-

-

50%

GRANEFORS BRUK AB

 

SWEDEN

-

-

-

100%

KOPPARLUNDEN AB

 

SWEDEN

-

-

-

100%

SOGEPAR DEUTSCHLAND GMBH

 

GERMANY

-

-

-

100%

OUTOKUMPU COPPER NONFERRO METAL

 

GERMANY

659861

-

-

100%

OUTOKUMPU GMBH

 

GERMANY

-

-

-

100%

OUTOKUMPU PSC GERMANY GMBH

 

GERMANY

-

-

-

100%

OUTOKUMPU STAINLESS HOLDING GMBH

 

GERMANY

-

-

-

100%

OUTOKUMPU ARMETAL STAINLESS PIPE CO. LTD.

 

SAUDI ARABIA

-

-

-

51%

OUTOKUMPU (S.E.A.) PTE LTD.

 

SINGAPORE

723861

-

-

100%

OUTOKUMPU STAINLESS STEEL OY

 

FINLAND

499868

08233124

31.12.2005

100%

OUTOKUMPU MINING OY

 

FINLAND

455719

07732845

31.12.2007

100%

OUTOKUMPU CHROME OY

 

FINLAND

459982

07727683

31.12.2009

100%

OUTOKUMPU ROSSIJA OY

 

FINLAND

450542

07566621

31.12.2009

100%

OUTOKUMPU ALUEVERKKO OY

 

FINLAND

412905

07095559

31.12.2008

100%

OUTOKUMPU DISTRIBUTION OY

 

FINLAND

390247

06480551

31.12.2009

100%

SH-TRADE OY

 

FINLAND

340516

05760455

31.12.2009

100%

OUTOKUMPU OYJ

 

FINLAND

70759

02152542

31.12.2010

-

OUTOKUMPU SHIPPING OY

 

FINLAND

51386

01933734

31.12.2009

100%

ORIJÄRVI OY

 

FINLAND

38340

01122819

-

100%

OUTOKUMPU METALS OFF-TAKE OY

 

FINLAND

-

19431409

31.12.2006

100%

RAPID POWER OY

 

FINLAND

-

19143271

31.12.2008

33%

OUTOKUMPU STAINLESS TUBULAR PRODUCTS OY AB

 

FINLAND

-

17313177

31.12.2009

100%

OUTOKUMPU A/S

 

DENMARK

-

-

-

100%

OUTOKUMPU S.R.O.

 

CZECH REPUBLIC

-

-

-

100%

OUTOKUMPU ISTANBUL DIS TICARET LIMITED SIRKETI

 

TURKEY

-

-

-

100%

OUTOKUMPU COPPER TUBES KERESKEDEL

 

HUNGARY

-

-

-

100%

OUTOKUMPU KFT

 

HUNGARY

-

-

-

100%

ZAO OUTOKUMPU

 

RUSSIAN FEDERATION

-

-

-

100%

OUTOKUMPU BALTIC OÜ

 

ESTONIA

-

-

-

100%

AS OUTOKUMPU STAINLESS TUBULAR PRODUCTS

 

ESTONIA

-

-

-

100%

SOGEPAR UK LIMITED

 

UNITED KINGDOM

-

-

-

100%

OUTOKUMPU HOLDING UK LIMITED

 

UNITED KINGDOM

-

-

-

100%

AVESTAPOLARIT PENSION TRUSTEES LTD

 

UNITED KINGDOM

-

-

-

100%

OUTOKUMPU STAINLESS LTD

 

UNITED KINGDOM

-

-

-

100%

OUTOKUMPU STAINLESS HOLDINGS LTD

 

UNITED KINGDOM

-

-

-

100%

POLARIT WELDING INC

 

UNITED STATES

718301

-

-

100%

OUTOKUMPU STAINLESS COIL INC.

 

UNITED STATES

-

-

-

100%

OUTOKUMPU STAINLESS PLATE, INC.

 

UNITED STATES

-

-

-

100%

OUTOKUMPU STAINLESS PIPE, INC.

 

UNITED STATES

-

-

-

100%

OUTOKUMPU STAINLESS BAR, INC.

 

UNITED STATES

-

-

-

100%

OUTOKUMPU STAINLESS INC

 

UNITED STATES

-

-

-

100%

OUTOKUMPU ENGINEERING ENTEPRISES, INC.

 

UNITED STATES

-

-

-

100%

PRINCETON GAMMA-TECH INC

 

UNITED STATES

-

-

-

100%

SOGEPAR UK LIMITED

 

GREAT BRITAIN

-

-

-

100%

OUTOKUMPU HOLDING UK LIMITED

 

GREAT BRITAIN

-

-

-

100%

AVESTAPOLARIT PENSION TRUSTEES LTD

 

GREAT BRITAIN

-

-

-

100%

OUTOKUMPU STAINLESS LTD

 

GREAT BRITAIN

-

-

-

100%

OUTOKUMPU STAINLESS HOLDINGS LTD

 

GREAT BRITAIN

-

-

-

100%

POLARIT WELDING INC

 

UNITED STATES

718301

-

-

100%

OUTOKUMPU STAINLESS COIL INC.

 

UNITED STATES

-

-

-

100%

OUTOKUMPU STAINLESS PLATE, INC.

 

UNITED STATES

-

-

-

100%

OUTOKUMPU STAINLESS PIPE, INC.

 

UNITED STATES

-

-

-

100%

OUTOKUMPU STAINLESS BAR, INC.

 

UNITED STATES

-

-

-

100%

OUTOKUMPU STAINLESS INC

 

UNITED STATES

-

-

-

100%

OUTOKUMPU ENGINEERING ENTEPRISES, INC.

 

UNITED STATES

-

-

-

100%

PRINCETON GAMMA-TECH INC

 

UNITED STATES

-

-

-

100%

OUTOKUMPU S.R.O.

 

CZECH REPUBLIC

-

-

-

100%

 

 

Bottom of Form

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.44.69

UK Pound

1

Rs.73.12

Euro

1

Rs.64.39

 

 

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.