MIRA INFORM
REPORT
|
Report Date : |
04.08.2011 |
IDENTIFICATION DETAILS
|
Name : |
OUTOKUMPU STAINLESS OY |
|
|
|
|
Formerly Known As : |
AVESTAPOLARIT STAINLESS OY |
|
|
|
|
Registered Office : |
Terästie, 95490, |
|
|
|
|
Country : |
Finland |
|
|
|
|
Financials (as on) : |
31.12.2009 |
|
|
|
|
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 – 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 |
Summary
|
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, |
|
|
|
Fax Number |
016452620 |
Visiting Address |
Tornion tehtaat, 95400, |
|
|
|
|
|
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
|
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 |
Current Directors
|
Name |
Suurnäkki Matti Antero |
|
|
|
Date of Birth |
27.11.1964 |
Appointment Date |
27.07.2010 |
|
Nationality |
|
Function |
Actual Member of Board |
|
Name |
Jaako Sakari Juhani |
|
|
|
Date of Birth |
29.11.1948 |
Appointment Date |
27.07.2010 |
|
Nationality |
|
Function |
Actual Member of Board |
|
Name |
Tuunainen Raija Helena |
|
|
|
Date of Birth |
26.01.1949 |
Appointment Date |
27.07.2010 |
|
Nationality |
|
Function |
Actual Member of Board |
|
Name |
Hautala Hannu Olavi |
|
|
|
Date of Birth |
20.10.1965 |
Appointment Date |
30.04.2010 |
|
Nationality |
|
Function |
Managing director |
|
Name |
Kaitue Karri Pekka |
|
|
|
Date of Birth |
19.05.1964 |
Appointment Date |
27.07.2010 |
|
Nationality |
|
Function |
Chairman of Board |
|
Name |
Viinikka Asko Olavi |
|
|
|
Date of Birth |
25.08.1965 |
Appointment Date |
27.07.2010 |
|
Nationality |
|
Function |
Actual Member of Board |
|
Name |
Suutala Niilo Jaakko |
|
|
|
Date of Birth |
03.02.1951 |
Appointment Date |
27.07.2010 |
|
Nationality |
|
Function |
Actual Member of Board |
Other Company Officials
|
Name |
Korteniemi Mikko Tapani |
|
|
|
Date of Birth |
03.05.1959 |
Appointment Date |
25.02.2011 |
|
Nationality |
|
Function |
Procurist |
|
Name |
Liisanantti Risto Heikki |
|
|
|
Date of Birth |
23.02.1950 |
Appointment Date |
25.02.2011 |
|
Nationality |
|
Function |
Procurist |
|
Name |
Lähteenmäki Hannu Olavi |
|
|
|
Date of Birth |
19.03.1965 |
Appointment Date |
25.02.2011 |
|
Nationality |
|
Function |
Procurist |
|
Name |
Sassi Martti Olavi |
|
|
|
Date of Birth |
20.12.1964 |
Appointment Date |
25.02.2011 |
|
Nationality |
|
Function |
Procurist |
|
Name |
Salo Paavo Sakari |
|
|
|
Date of Birth |
25.04.1947 |
Appointment Date |
27.07.2010 |
|
Nationality |
|
Function |
Alternate Member of Board |
|
Name |
Palvi Mauri Juha |
|
|
|
Date of Birth |
26.06.1951 |
Appointment Date |
29.06.2006 |
|
Nationality |
|
Function |
Principal accountant |
|
Name |
Laitinen Kai Kristian |
|
|
|
Date of Birth |
07.10.1970 |
Appointment Date |
25.02.2011 |
|
Nationality |
|
Function |
Procurist |
|
Name |
Leinonen Risto Juhani |
|
|
|
Date of Birth |
27.05.1954 |
Appointment Date |
25.02.2011 |
|
Nationality |
|
Function |
Procurist |
|
Name |
Rättyä Eero Arvi |
|
|
|
Date of Birth |
11.12.1948 |
Appointment Date |
25.02.2011 |
|
Nationality |
|
Function |
Procurist |
|
Name |
Karhula Aija Irina |
|
|
|
Date of Birth |
31.03.1980 |
Appointment Date |
27.07.2010 |
|
Nationality |
|
Function |
Alternate Member of Board |
|
Name |
Puukko Esa Antero |
|
|
|
Date of Birth |
19.12.1970 |
Appointment Date |
27.07.2010 |
|
Nationality |
|
Function |
Alternate Member of Board |
|
Name |
Keränen Sauli Antero |
|
|
|
Date of Birth |
20.05.1957 |
Appointment Date |
27.07.2010 |
|
Nationality |
|
Function |
Alternate Member of Board |
|
Name |
Doktare Erkki Juhani |
|
|
|
Date of Birth |
27.11.1952 |
Appointment Date |
27.07.2010 |
|
Nationality |
|
Function |
Alternate Member of Board |
|
Name |
Mäki-Kullas Perttu Mikael |
|
|
|
Date of Birth |
28.06.1964 |
Appointment Date |
25.02.2011 |
|
Nationality |
|
Function |
Procurist |
|
Name |
Ylitalo Mikko Juhani |
|
|
|
Date of Birth |
15.01.1967 |
Appointment Date |
25.02.2011 |
|
Nationality |
|
Function |
Procurist |
|
Name |
Kuronen Aki Tommi Oskari |
|
|
|
Date of Birth |
09.02.1970 |
Appointment Date |
25.02.2011 |
|
Nationality |
|
Function |
Procurist |
|
Name |
Pelttari Arvo Juhani |
|
|
|
Date of Birth |
07.04.1953 |
Appointment Date |
27.07.2010 |
|
Nationality |
|
Function |
Alternate Member of Board |
|
Name |
Niska Erkki Antero |
|
|
|
Date of Birth |
13.05.1961 |
Appointment Date |
25.02.2011 |
|
Nationality |
|
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 |
|
|
- |
- |
- |
100% |
|
OUTOKUMPU SHIPPING OY |
|
|
51386 |
01933734 |
31.12.2009 |
100% |
Group Structure
|
Company Name |
|
Country |
Trade Registry Number |
Business ID |
Latest Key Financials |
Ownership |
|
|
|
|
- |
- |
- |
100% |
|
OUTOKUMPU COPPER HME B.V. |
|
|
- |
- |
- |
100% |
|
OUTOKUMPU COPPER LDM B.V. |
|
|
- |
- |
- |
100% |
|
OUTOKUMPU |
|
|
- |
- |
- |
100% |
|
OUTOKUMPU ZINC B.V. |
|
|
- |
- |
- |
100% |
|
|
|
|
- |
- |
- |
100% |
|
OUTOKUMPU STAINLESS BV |
|
|
- |
- |
- |
100% |
|
OUTOKUMPU PSC |
|
|
- |
- |
- |
100% |
|
OUTOKUMPU NICKEL |
|
|
- |
- |
- |
100% |
|
OUTOKUMPU MIDDLE |
|
UNITED ARAB EMIRATES |
- |
- |
- |
80% |
|
OUTOKUMPU ZINC AUSTRALIA PTY LTD |
|
|
- |
- |
- |
100% |
|
OUTOKUMPU MINING AUSTRALIA PTY LTD |
|
|
- |
- |
- |
100% |
|
OUTOKUMPU PTY LTD |
|
|
- |
- |
- |
100% |
|
OUTOKUMPU EXPLORATION VENTURES PTY.LTD |
|
|
- |
- |
- |
100% |
|
EUROTEC N.V. |
|
|
- |
- |
- |
100% |
|
CONTISTEEL N.V. |
|
|
- |
- |
- |
100% |
|
OUTOKUMPU TREASURY BELGIUM NV SA |
|
|
526526 |
- |
- |
100% |
|
OUTOKUMPU NV |
|
|
- |
- |
- |
100% |
|
PANCARELIAN LTD |
|
|
- |
- |
- |
100% |
|
OUTOKUMPU BRASIL COMERCIO DE METAIS LTDA. |
|
|
- |
- |
- |
100% |
|
OUTOKUMPU MINERA ESPANOLA SA |
|
|
- |
- |
- |
100% |
|
OUTOKUMPU |
|
|
- |
- |
- |
100% |
|
OUTOKUMPU RAWMET SA |
|
|
- |
- |
- |
100% |
|
OUTOKUMPU (PTY) LTD |
|
|
- |
- |
- |
100% |
|
OUTOKUMPU ASIA PACIFIC LTD |
|
|
- |
- |
- |
100% |
|
OUTOKUMPU INDIA PRIVATE LIMITED |
|
|
- |
- |
- |
100% |
|
SOGEPAR IRELAND LIMITED |
|
|
- |
- |
- |
100% |
|
OUTOKUMPU LTD |
|
|
- |
- |
- |
100% |
|
SO.GE.PAR S.P.A. |
|
|
- |
- |
- |
100% |
|
FINSOGEPAR S.P.A. |
|
|
- |
- |
- |
100% |
|
OUTOKUMPU SPA |
|
|
- |
- |
- |
100% |
|
OUTOKUMPU GES.M.B.H |
|
|
- |
- |
- |
100% |
|
OUTOKUMPU K.K. |
|
|
- |
- |
- |
100% |
|
OUTOKUMPU STAINLESS TUBULAR PRODUCTS LTD |
|
|
- |
- |
- |
100% |
|
2843617 CANADA INC |
|
|
- |
- |
- |
100% |
|
OUTOKUMPU MINES, INC. |
|
|
- |
- |
- |
100% |
|
OUTOKUMPU STAINLESS STEEL ( |
|
|
- |
- |
- |
100% |
|
OUTOKUMPU STAINLESS TRAIDING SHANGHAI CO
LTD |
|
|
- |
- |
- |
100% |
|
OUTOKUMPU UAB |
|
|
- |
- |
- |
100% |
|
OUTOKUMPU AS |
|
|
- |
- |
- |
100% |
|
OUTOKUMPU LDA. |
|
|
- |
- |
- |
100% |
|
OUTOKUMPU SP.ZO.O. |
|
|
- |
- |
- |
100% |
|
SOGEPAR |
|
|
- |
- |
- |
100% |
|
OUTOKUMPU COPPER BRASS SA |
|
|
- |
- |
- |
100% |
|
OUTOKUMPU S.A.S. |
|
|
723728 |
- |
31.12.2009 |
100% |
|
OUTOKUMPU SRL |
|
|
- |
- |
- |
99% |
|
VISCARIA AB |
|
|
- |
- |
- |
100% |
|
AVESTA KLIPPCENTER AB |
|
|
- |
- |
- |
100% |
|
OUTOKUMPU COPPER GUSUM AB |
|
|
- |
- |
- |
100% |
|
OUTOKUMPU COPPER FABRICATION AB |
|
|
- |
- |
- |
100% |
|
ABB INDUSTRIUNDERHÅLL AB |
|
|
- |
- |
- |
49% |
|
OUTOKUMPU NORDIC BRASS AB |
|
|
- |
- |
- |
50% |
|
FAGERSTA STAINLESS AB |
|
|
- |
- |
- |
50% |
|
OUTOKUMPU STAINLESS TUBULAR PRODUCTS AB |
|
|
- |
- |
- |
100% |
|
VISENTA FÖRSÄKRINGS AB |
|
|
- |
- |
- |
100% |
|
VISENT INVEST AB |
|
|
- |
- |
- |
100% |
|
OUTOKUMPU NORDIC AB |
|
|
- |
- |
- |
100% |
|
OUTOKUMPU PRESS PLATE AB |
|
|
- |
- |
- |
100% |
|
OUTOKUMPU PREFAB AB |
|
|
714145 |
- |
31.12.2009 |
100% |
|
OUTOKUMPU STAINLESS AB |
|
|
- |
- |
- |
100% |
|
AB ÖRNSKÖLDSVIKS MEKANISKA VERKSTAD |
|
|
- |
- |
- |
100% |
|
KOPPARLUNDEN DEVELOPMENT AB |
|
|
- |
- |
- |
50% |
|
GRANEFORS BRUK AB |
|
|
- |
- |
- |
100% |
|
KOPPARLUNDEN AB |
|
|
- |
- |
- |
100% |
|
SOGEPAR DEUTSCHLAND GMBH |
|
|
- |
- |
- |
100% |
|
OUTOKUMPU COPPER NONFERRO METAL |
|
|
659861 |
- |
- |
100% |
|
OUTOKUMPU GMBH |
|
|
- |
- |
- |
100% |
|
OUTOKUMPU PSC |
|
|
- |
- |
- |
100% |
|
OUTOKUMPU STAINLESS HOLDING GMBH |
|
|
- |
- |
- |
100% |
|
OUTOKUMPU ARMETAL STAINLESS PIPE CO. LTD. |
|
|
- |
- |
- |
51% |
|
OUTOKUMPU (S.E.A.) PTE LTD. |
|
|
723861 |
- |
- |
100% |
|
OUTOKUMPU STAINLESS STEEL OY |
|
|
499868 |
08233124 |
31.12.2005 |
100% |
|
OUTOKUMPU MINING OY |
|
|
455719 |
07732845 |
31.12.2007 |
100% |
|
OUTOKUMPU CHROME OY |
|
|
459982 |
07727683 |
31.12.2009 |
100% |
|
OUTOKUMPU ROSSIJA OY |
|
|
450542 |
07566621 |
31.12.2009 |
100% |
|
OUTOKUMPU ALUEVERKKO OY |
|
|
412905 |
07095559 |
31.12.2008 |
100% |
|
OUTOKUMPU DISTRIBUTION OY |
|
|
390247 |
06480551 |
31.12.2009 |
100% |
|
SH-TRADE OY |
|
|
340516 |
05760455 |
31.12.2009 |
100% |
|
OUTOKUMPU OYJ |
|
|
70759 |
02152542 |
31.12.2010 |
- |
|
OUTOKUMPU SHIPPING OY |
|
|
51386 |
01933734 |
31.12.2009 |
100% |
|
ORIJÄRVI OY |
|
|
38340 |
01122819 |
- |
100% |
|
OUTOKUMPU METALS OFF-TAKE OY |
|
|
- |
19431409 |
31.12.2006 |
100% |
|
RAPID POWER OY |
|
|
- |
19143271 |
31.12.2008 |
33% |
|
OUTOKUMPU STAINLESS TUBULAR PRODUCTS OY AB
|
|
|
- |
17313177 |
31.12.2009 |
100% |
|
OUTOKUMPU A/S |
|
|
- |
- |
- |
100% |
|
OUTOKUMPU S.R.O. |
|
|
- |
- |
- |
100% |
|
OUTOKUMPU ISTANBUL DIS TICARET LIMITED
SIRKETI |
|
|
- |
- |
- |
100% |
|
OUTOKUMPU COPPER TUBES KERESKEDEL |
|
|
- |
- |
- |
100% |
|
OUTOKUMPU KFT |
|
|
- |
- |
- |
100% |
|
ZAO OUTOKUMPU |
|
|
- |
- |
- |
100% |
|
OUTOKUMPU BALTIC OÜ |
|
|
- |
- |
- |
100% |
|
AS OUTOKUMPU STAINLESS TUBULAR PRODUCTS |
|
|
- |
- |
- |
100% |
|
SOGEPAR UK LIMITED |
|
|
- |
- |
- |
100% |
|
OUTOKUMPU HOLDING UK LIMITED |
|
|
- |
- |
- |
100% |
|
AVESTAPOLARIT PENSION TRUSTEES LTD |
|
|
- |
- |
- |
100% |
|
OUTOKUMPU STAINLESS LTD |
|
|
- |
- |
- |
100% |
|
OUTOKUMPU STAINLESS HOLDINGS LTD |
|
|
- |
- |
- |
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 |
|
|
- |
- |
- |
100% |
|
OUTOKUMPU HOLDING UK LIMITED |
|
|
- |
- |
- |
100% |
|
AVESTAPOLARIT PENSION TRUSTEES LTD |
|
|
- |
- |
- |
100% |
|
OUTOKUMPU STAINLESS LTD |
|
|
- |
- |
- |
100% |
|
OUTOKUMPU STAINLESS HOLDINGS LTD |
|
|
- |
- |
- |
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. |
|
|
- |
- |
- |
100% |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.38 |
|
|
1 |
Rs.72.21 |
|
Euro |
1 |
Rs.62.87 |
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.