MIRA INFORM REPORT
|
Report Date : |
19.11.2011 |
IDENTIFICATION DETAILS
|
Name : |
UPM-KYMMENE SEVEN SEAS OY |
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Registered Office : |
Etelaesplanadi 2, Helsinki, 00130 |
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Country : |
Finland |
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Financials (as on) : |
01.12.2009 |
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Year of Establishment : |
1972 |
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Com. Reg. No.: |
01345780 |
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Legal Form : |
Private Subsidiary Company |
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Line of Business : |
wholesale of furniture |
RATING & COMMENTS
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MIRA’s 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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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 30th, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
Finland |
a1 |
a1 |
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Risk Category |
ECGC Classification |
|
Insignificant |
A1 |
|
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 |
Company name & address
Upm-Kymmene Seven Seas Oy
Etelaesplanadi 2
Helsinki, 00130
Finland
Tel: 358 204 15111
Fax: 358 204 15-0434
Web: www.upm.com
Synthesis
Employees: NA
Company Type: Private Subsidiary
Corporate Family: 106
Companies
Ultimate Parent: UPM-Kymmene Corporation
Incorporation Date: 1972
Financials in: USD
(Millions)
Fiscal Year End: 01-Dec-2009
Reporting Currency: Euro
Annual Sales: 21.8
Net Income: 0.0
Total Assets: 223.4
Business Description
Upm-Kymmene Seven Seas Oy is primarily engaged in wholesale of
furniture; wholesale of jewellery; wholesale of musical instruments; wholesale
of photographic goods; wholesale of toys and games; wholesale of travel and
fancy goods; and wholesale of other household goods not elsewhere classified.
Industry
Industry Miscellaneous Capital Goods
ANZSIC 2006: 3739 - Other Goods
Wholesaling Not Elsewhere Classified
NACE 2002: 5147 - Wholesale
of other household goods
NAICS 2002: 4232 - Furniture
and Home Furnishing Merchant Wholesalers
UK SIC 2003: 5147 - Wholesale
of other household goods
US SIC 1987: 5099 - Durable
Goods, Not Elsewhere Classified
Key Executives
|
Name |
Title |
|
Mirja Inkeri Margareeta Salmelin |
Chairman |
|
Mikko Ahti Tapani Sointu |
Board member |
|
Heikki Ilmari Wallenius |
Board member |
Registered No.(UK): 01345780
Registered No.(FIN): 01345780
1 - Profit & Loss Item Exchange Rate: USD 1 = EUR 0.7234873
2 - Balance Sheet Item Exchange Rate: USD 1 = EUR 0.6625369
Corporate Overview
Location
Etelaesplanadi 2
Helsinki, 00130
Finland
Tel: 358 204 15111
Fax: 358 204 15-0434
Web www.upm.com
Sales EUR(mil): 15.8
Assets EUR(mil): 148.0
Employees: NA
Fiscal Year End: 01-Dec-2009
Industry: Miscellaneous Capital Goods
Incorporation Date: 1972
Company Type: Private Subsidiary
Quoted Status: Not Quoted
Registered No.(UK): 01345780
Registered No.(FIN): 01345780
Board member: Mikko Ahti Tapani Sointu
Contents
· Industry Codes
· Business Description
· Financial Data
Industry Codes
ANZSIC 2006 Codes:
3739 - Other Goods Wholesaling Not Elsewhere Classified
NACE 2002 Codes:
5147 - Wholesale of other household goods
NAICS 2002 Codes:
4232 - Furniture
and Home Furnishing Merchant Wholesalers
US SIC 1987:
5099 - Durable
Goods, Not Elsewhere Classified
UK SIC 2003:
5147 - Wholesale
of other household goods
Business Description
Upm-Kymmene Seven
Seas Oy is primarily engaged in wholesale of furniture; wholesale of jewellery;
wholesale of musical instruments; wholesale of photographic goods; wholesale of
toys and games; wholesale of travel and fancy goods; and wholesale of other
household goods not elsewhere classified.
More Business Descriptions
Industrial and Personal Service Paper Merchant Wholesalers
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Corporate
Family |
Corporate
Structure News: |
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Total Corporate Family Members: 106 |
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Company Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
|
Parent |
Helsinki |
Finland |
Paper and Paper Products |
11,846.5 |
24,235 |
|
|
Subsidiary |
Augsburg, Bayern |
Germany |
Business Services |
|
4,356 |
|
|
Subsidiary |
Augsburg, Bayern |
Germany |
Paper and Paper Products |
1,097.5 |
1,640 |
|
|
Subsidiary |
Augsburg |
Germany |
Paper and Paper Products |
10.0 |
|
|
|
Subsidiary |
Helsinki |
Finland |
Paper and Paper Products |
1,487.3 |
3,226 |
|
|
Subsidiary |
Albbruck |
Germany |
Paper and Paper Products |
|
630 |
|
|
Subsidiary |
Albbruck |
Germany |
Paper and Paper Products |
238.8 |
550 |
|
|
Subsidiary |
Myllykoski |
Finland |
Paper and Paper Products |
358.0 |
548 |
|
|
Subsidiary |
Ettringen |
Germany |
Paper and Paper Products |
347.9 |
450 |
|
|
Subsidiary |
Madison, ME |
United States |
Paper and Paper Products |
174.2 |
260 |
|
|
Subsidiary |
Norwalk, CT |
United States |
Paper and Paper Products |
|
21 |
|
|
Subsidiary |
Neuilly Sur Seine |
France |
Miscellaneous Capital Goods |
3.2 |
14 |
|
|
Subsidiary |
Lahti |
Finland |
Construction - Supplies and Fixtures |
397.7 |
2,608 |
|
|
Subsidiary |
Augsburg |
Germany |
Paper and Paper Products |
1,052.9 |
1,640 |
|
|
Subsidiary |
Dorpen |
Germany |
Paper and Paper Products |
1,024.7 |
1,500 |
|
|
Branch |
Moscow |
Russian Federation |
Office Supplies |
|
1,000 |
|
|
Subsidiary |
Levallois Perret |
France |
Paper and Paper Products |
1,467.5 |
989 |
|
|
Subsidiary |
Irvine |
United Kingdom |
Paper and Paper Products |
1,384.5 |
853 |
|
|
Subsidiary |
Tampere |
Finland |
Medical Equipment and Supplies |
332.8 |
538 |
|
|
Subsidiary |
Steyrermühl |
Austria |
Paper and Paper Products |
342.7 |
530 |
|
|
Subsidiary |
Cairndow |
United Kingdom |
Forestry and Wood Products |
|
494 |
|
|
Subsidiary |
Pompey |
France |
Chemical Manufacturing |
240.0 |
289 |
|
|
Subsidiary |
Jyskà |
Finland |
Business Services |
16.1 |
241 |
|
|
Subsidiary |
Hürth, HU |
Germany |
Paper and Paper Products |
428.1 |
215 |
|
|
Subsidiary |
Polinya, Barcelona |
Spain |
Paper and Paper Products |
138.5 |
211 |
|
|
Subsidiary |
Scarborough |
United Kingdom |
Paper and Paper Products |
239.9 |
186 |
|
|
Subsidiary |
Johor |
Malaysia |
Paper and Paper Products |
1.0 |
150 |
|
|
Subsidiary |
Augsburg, Bayern |
Germany |
Miscellaneous Capital Goods |
2,490.1 |
135 |
|
|
Subsidiary |
Düsseldorf |
Germany |
Office Supplies |
263.1 |
114 |
|
|
Subsidiary |
Dorpen, Niedersachsen |
Germany |
Paper and Paper Products |
21.3 |
108 |
|
|
Subsidiary |
Milano, Milano (Milan) |
Italy |
Miscellaneous Capital Goods |
73.4 |
74 |
|
|
Subsidiary |
Grand Couronne |
France |
Construction - Raw Materials |
|
74 |
|
|
Subsidiary |
Madrid |
Spain |
Containers and Packaging |
47.2 |
41 |
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|
Subsidiary |
Singapore |
Singapore |
Containers and Packaging |
641.5 |
36 |
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|
Subsidiary |
Antwerpen |
Belgium |
Office Supplies |
10.6 |
28 |
|
|
Subsidiary |
Hilversum, Noord-Holland |
Netherlands |
Business Services |
|
28 |
|
|
Branch |
Bussum |
Netherlands |
Construction - Supplies and Fixtures |
|
8 |
|
|
Subsidiary |
Augsburg, Bayern |
Germany |
Forestry and Wood Products |
81.2 |
27 |
|
|
Subsidiary |
Lappeenranta |
Finland |
Business Services |
1.2 |
21 |
|
|
Subsidiary |
Glostrup |
Denmark |
Office Supplies |
6.4 |
19 |
|
|
Subsidiary |
Zürich, Zurich |
Switzerland |
Paper and Paper Products |
50.0 |
15 |
|
|
Subsidiary |
Wien |
Austria |
Paper and Paper Products |
1.0 |
14 |
|
|
Subsidiary |
Stockholm |
Sweden |
Paper and Paper Products |
|
13 |
|
|
Subsidiary |
North Sydney, NSW |
Australia |
Paper and Paper Products |
1.0 |
12 |
|
|
Subsidiary |
Oslo |
Norway |
Office Supplies |
12.3 |
10 |
|
|
Branch |
North Sydney, NSW |
Australia |
Personal and Household Products |
12.5 |
8 |
|
|
Subsidiary |
Milano, Milano (Milan) |
Italy |
Miscellaneous Financial Services |
1.9 |
7 |
|
|
Subsidiary |
Singapore |
Singapore |
Construction - Supplies and Fixtures |
|
7 |
|
|
Subsidiary |
Hilversum, Noord-Holland |
Netherlands |
Miscellaneous Financial Services |
|
5 |
|
|
Subsidiary |
Lisboa |
Portugal |
Office Supplies |
|
5 |
|
|
Subsidiary |
Augsburg, Bayern |
Germany |
Commercial Banks |
|
3 |
|
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Subsidiary |
Dorpen, Niedersachsen |
Germany |
Personal Services |
99.9 |
190 |
|
|
Subsidiary |
Hilversum, Noord-Holland |
Netherlands |
Consumer Financial Services |
|
2 |
|
|
Subsidiary |
Tampere |
Finland |
Electric Utilities |
34.2 |
1 |
|
|
Subsidiary |
Helsinki |
Finland |
Electric Utilities |
3.0 |
1 |
|
|
Subsidiary |
Helsinki |
Finland |
Real Estate Operations |
1.6 |
1 |
|
|
Subsidiary |
Paris |
France |
Office Supplies |
625.0 |
|
|
|
Subsidiary |
Docelles |
France |
Office Supplies |
|
180 |
|
|
Subsidiary |
Grand-Couronne |
France |
Paper and Paper Products |
250.0 |
|
|
|
Subsidiary |
Strasbourg |
France |
Paper and Paper Products |
250.0 |
|
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|
Subsidiary |
Dreieich |
Germany |
Construction - Supplies and Fixtures |
625.0 |
|
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Subsidiary |
Pietarsaari |
Finland |
Construction - Supplies and Fixtures |
450.0 |
|
|
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Subsidiary |
Dorpen |
Germany |
Miscellaneous Transportation |
75.0 |
|
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|
Subsidiary |
Helsinki |
Finland |
Miscellaneous Capital Goods |
21.8 |
|
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|
Subsidiary |
Sofia |
Bulgaria |
Paper and Paper Products |
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|
Subsidiary |
Kotka |
Finland |
Water Transportation |
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Subsidiary |
Lisboa |
Portugal |
Paper and Paper Products |
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Subsidiary |
Chudovo |
Russian Federation |
Office Supplies |
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Subsidiary |
Jiangsu |
China |
Paper and Paper Products |
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Subsidiary |
Berazategui |
Argentina |
Paper and Paper Products |
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Subsidiary |
Seoul |
Korea, Republic of |
Paper and Paper Products |
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Subsidiary |
Paysandú |
Uruguay |
Paper and Paper Products |
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Subsidiary |
Johannesburg |
South Africa |
Paper and Paper Products |
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Subsidiary |
Otepää |
Estonia |
Paper and Paper Products |
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Branch |
Tallinn |
Estonia |
Paper and Paper Products |
|
9 |
|
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Subsidiary |
Montevideo |
Uruguay |
Paper and Paper Products |
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Subsidiary |
Braeside, VIC |
Australia |
Paper and Paper Products |
|
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|
Subsidiary |
Prague 1 |
Czech Republic |
Paper and Paper Products |
|
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Subsidiary |
Osnago |
Italy |
Construction - Supplies and Fixtures |
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Subsidiary |
Guangzhou |
China |
Paper and Paper Products |
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Subsidiary |
Pirkkala |
Finland |
Business Services |
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Subsidiary |
Levallois-Perret |
France |
Paper and Paper Products |
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Subsidiary |
Athens |
Greece |
Paper and Paper Products |
|
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|
Subsidiary |
Hong Kong |
Hong Kong |
Paper and Paper Products |
|
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|
Subsidiary |
Hong Kong |
Hong Kong |
Paper and Paper Products |
|
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|
Subsidiary |
Jakarta |
Indonesia |
Paper and Paper Products |
|
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|
Subsidiary |
Navi Mumbai |
India |
Paper and Paper Products |
|
|
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|
Subsidiary |
Tokyo |
Japan |
Paper and Paper Products |
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|
Subsidiary |
Mexico |
Mexico |
Paper and Paper Products |
|
|
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|
Subsidiary |
De Meern |
Netherlands |
Paper and Paper Products |
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|
Subsidiary |
Mt Wellington |
New Zealand |
Paper and Paper Products |
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Subsidiary |
Bucharest |
Romania |
Paper and Paper Products |
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Subsidiary |
Pestovo |
Russian Federation |
Construction - Supplies and Fixtures |
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Subsidiary |
Tikhvin |
Russian Federation |
Construction - Supplies and Fixtures |
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Subsidiary |
Bratislava |
Slovakia |
Paper and Paper Products |
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Subsidiary |
Bangkok |
Thailand |
Paper and Paper Products |
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Subsidiary |
Tallinn |
Estonia |
Construction - Supplies and Fixtures |
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Subsidiary |
Tatabánya |
Hungary |
Construction - Supplies and Fixtures |
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Branch |
Budapest |
Hungary |
Paper and Paper Products |
1.3 |
8 |
|
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Subsidiary |
Saint-Petersburg |
Russian Federation |
Construction - Supplies and Fixtures |
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Subsidiary |
Changshu |
China |
Paper and Paper Products |
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Subsidiary |
Warszawa |
Poland |
Office Supplies |
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Branch |
Kobierzyce |
Poland |
Paper and Paper Products |
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Subsidiary |
Ljubljana |
Slovenia |
Paper and Paper Products |
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Subsidiary |
Helsingborg |
Sweden |
Paper and Paper Products |
|
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Subsidiary |
Istanbul |
Turkey |
Paper and Paper Products |
|
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Executive report
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Board of
Directors |
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Chairman |
Chairman |
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|||
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Board member |
Director/Board Member |
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Board member |
Director/Board Member |
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Annual Profit & Loss
|
|
01-Dec-2009 |
01-Dec-2008 |
|
Period Length |
12 Months |
12 Months |
|
Filed Currency |
EUR |
EUR |
|
Exchange Rate
(Period Average) |
0.723487 |
0.679421 |
|
Consolidated |
No |
No |
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|
|
|
|
Total income |
1.4 |
1.4 |
|
Other operating costs |
1.6 |
1.6 |
|
Total operating costs |
1.7 |
1.8 |
|
Interest received from loans |
0.6 |
1.3 |
|
Interest payable on loans |
0.1 |
0.1 |
|
Profit before tax |
0.0 |
0.0 |
|
Income before depreciation |
-0.3 |
-0.4 |
|
Depreciation |
0.2 |
0.7 |
|
Profit before financial items |
-0.5 |
-1.1 |
|
Income/profit after financial items |
0.0 |
0.0 |
|
Income before allocations |
0.0 |
0.0 |
|
Net income |
0.0 |
0.0 |
Annual Balance Sheet
Financials in: USD (mil)
|
|
01-Dec-2009 |
01-Dec-2008 |
|
Filed Currency |
EUR |
EUR |
|
Exchange Rate |
0.662537 |
0.793934 |
|
Consolidated |
No |
No |
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|
|
|
|
Issued capital |
1.2 |
1.0 |
|
Non restricted equity |
-3.7 |
-3.1 |
|
Total stockholders equity |
23.1 |
19.3 |
|
Other long-term liabilities |
2.8 |
2.4 |
|
Trade creditors |
0.1 |
0.1 |
|
Other current liabilities |
0.5 |
0.8 |
|
Total current liabilities |
3.4 |
3.2 |
|
Land and buildings |
26.0 |
21.8 |
|
Machinery and tools |
0.0 |
0.0 |
|
Depreciable assets |
26.0 |
21.8 |
|
Total non-current assets |
26.0 |
21.9 |
|
Cash and liquid assets |
0.5 |
0.7 |
|
Short-term investments |
0.1 |
0.1 |
|
Shares in associated companies |
0.1 |
0.1 |
|
Total current assets |
0.5 |
0.7 |
|
Total assets |
26.5 |
22.5 |
Annual Ratios
Financials in: USD
(mil)
|
|
01-Dec-2009 |
01-Dec-2008 |
|
Period Length |
12 Months |
12 Months |
|
Filed Currency |
EUR |
EUR |
|
Exchange Rate |
0.662537 |
0.793934 |
|
Consolidated |
No |
No |
|
|
|
|
|
Current ratio |
0.70 |
0.80 |
|
Quick ratio |
0.70 |
0.80 |
|
Profit margin |
- |
0.00% |
|
Equity ratio |
0.87% |
0.86% |
|
Interest on liabilities |
0.22% |
- |
|
Risk margin |
153.16% |
153.16% |
|
Interest cover |
0.00% |
0.01% |
|
Net worth |
23.1 |
19.3 |
|
Number of employees |
1 |
1 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.51.35 |
|
UK Pound |
1 |
Rs.80.97 |
|
Euro |
1 |
Rs.68.26 |
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.