MIRA INFORM REPORT

 

 

Report Date :

22.09.2011

 

IDENTIFICATION DETAILS

 

Name :

FINNFEEDS OY

 

 

Formerly Known As :

FFI PRODUCTION OY AB 

 

 

Registered Office :

Myllykatu 20, 65100, Vaasa

 

 

Country :

Finland

 

 

Financials (as on) :

30.04.2010

 

 

Date of Incorporation :

19.06.1991

 

 

Legal Form :

Limited Company

 

 

Line of Business :

Manufacture of other organic basic chemicals

 

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

 

REGISTERED NAME & COMPANY SUMMARY

 

Trading Name

Finnfeeds Oy

Trade Registry Number

516814

Company Name

Finnfeeds Oy

Business ID

08630939

Previous Name

FFI Production Oy Ab 

 

 

Telephone Number

010431020

Registered Address

MYLLYKATU 20, 65100, VAASA

Fax Number

063174697

Visiting Address

Myllykatu 20, 65100, VAASA

Home Municipality

Vaasa

Postal Address

PL 461, 65101, VAASA

Incorporation Date

19.06.1991

Branches

1  

Company Type

Limited company

Website Address

 

Primary Sic Code

20140

Accountant

Deloitte & Touche Oy

Primary Sic Description

Manufacture of other organic basic chemicals

Last Accounts Date

30.04.2010

Share Capital (€)

9.000

Holding Company

DANISCO A/S

Deals in importing

Yes

Foreign Ownership

DENMARK

Deals in exporting

Yes

Currency

EUR

 

CREDIT RECOMENDATION

 

Current Credit Limit: 50.000 (€)

 

DIRECTORS/MANAGEMENT

 

Current Directors

 

Name

Mansikkamäki Aino Marjatta

 

 

Date of Birth

18.07.1954

Appointment Date

02.10.2009

Nationality

FINLAND

Function

Chairman of Board

 

Name

Viljanen Jouni Ari

 

 

Date of Birth

02.03.1961

Appointment Date

30.11.2007

Nationality

FINLAND

Function

Managing director

 

Name

Viljanen Jouni Ari

 

 

Date of Birth

02.03.1961

Appointment Date

02.10.2009

Nationality

FINLAND

Function

Actual Member of Board

 

Name

Herfert Kenneth Frank

 

 

Date of Birth

24.10.1957

Appointment Date

02.10.2009

Nationality

UNITED STATES

Function

Actual Member of Board

 

 

Other Company Officials

 

Name

Kinos Juha Tapani

 

 

Date of Birth

13.02.1963

Appointment Date

27.07.2011

Nationality

FINLAND

Function

Authority to sign

 

Name

Kankaanpää-Sihtola Nina Annika

 

 

Date of Birth

02.09.1970

Appointment Date

27.07.2011

Nationality

FINLAND

Function

Authority to sign

 

Name

Itäniemi Merja Kristiina

 

 

Date of Birth

15.10.1963

Appointment Date

22.02.2008

Nationality

FINLAND

Function

Principal accountant

 

Name

Nygrén Johanna Kaarina

 

 

Date of Birth

26.10.1965

Appointment Date

27.07.2011

Nationality

FINLAND

Function

Authority to sign

 

NEGATIVE INFORMATION

 

No negative information found.

 

SHARE & SHARE CAPITAL INFORMATION

 

Shareholder Information

 

Year

30.04.2010

Total Value of Shares

9.000

Number of Shares

15

Value of Shares

600

PAYMENT INFORMATION

 

Na

 

GROUP STRUCTURE & AFFILIATED COMPANIES

 

Holding Company

DANISCO A/S

Companies in Group

2

Ultimate Holding Company

FINNFEEDS OY

Ownership Status

Ultimately Owned

 

Subsidiaries

 

Company Name

 

Country

Trade Registry Number

Business ID

Latest Key Financials

Ownership

DANISCO A/S

 

DENMARK

-

-

-

100%

 

Group Structure

 

Company Name

 

Country

Trade Registry Number

Business ID

Latest Key Financials

Ownership

DANISCO A/S

 

DENMARK

-

-

-

100%

 

FINANCIAL INFORMATION

 

Financial Statement

 

Year

2010

2009

 

 

Key Financials

 

Year

30.04.2010

%

30.04.2009

%

30.04.2008

%

30.04.2007

Turnover (€)

100.570.000

11%

90.406.000

35%

66.891.000

34%

49.933.000

Result After Taxes(€)

1.417.000

-81%

7.295.000

61%

4.544.000

-29%

6.410.000

Total Assets(€)

42.272.320

31%

32.360.000

-2%

33.022.000

-3%

33.994.000

Number of Employees

22

5%

21

17%

18

6%

17

Estimated Shareholders Funds

3.804.509

-61%

9.708.000

40%

6.934.620

-22%

8.838.440

Ratios

Year

30.04.2010

 

30.04.2009

 

30.04.2008

 

30.04.2007

Solvency Ratio

9% 

 

30% 

 

21% 

 

26% 

 

High Indebtedness

 

Moderate Indebtedness

 

Moderate Indebtedness

 

Moderate Indebtedness

Operating Result Ratio

21,10

 

15,50

 

7,70

 

17,10

Turnover Employee Ratio

457.136,00

 

430.505,00

 

371.617,00

 

293.724,00

 

FOREIGN EXCHANGE RATES

 

Na

 

ADDITIONAL INFORMATION

 

Minority Shares

 

-

 

 

Registrations in Force

 

 

State

Registration Date

Tax Administration

Registered

03.11.1991

Trade Register

Registered

19.06.1991

Employer Register

Registered

01.01.1993

Prepayment Register

Registered

01.03.1995

Value Added Tax-Liability

VAT-liable for business activity

01.06.1994

 

NOTES & COMMENTS

 

Na

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.47.89

UK Pound

1

Rs.75.31

Euro

1

Rs.65.63

 

 

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.