MIRA INFORM REPORT

 

 

Report Date :

03.08.2012

 

IDENTIFICATION DETAILS

 

Name :

KARTO OY

 

 

Registered Office :

Kuormaajantie 17, Jyvaskyla, 40351

 

 

Country :

Finland

 

 

Financials (as on) :

01.12.2010

 

 

Year of Establishment :

1971

 

 

Com. Reg. No.:

01744319

 

 

Legal Form :

Private Independent Company

 

 

Line of Business :

Subject is engaged in commercial printing (except lithographic, gravure, screen, or flexographic printing) without publishing (except books, grey goods, and manifold business forms)

 

 

No. of Employees :

150

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Moderate

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, 2012

 

Country Name

Previous Rating

(31.12.2011)

Current Rating

(31.03.2012)

Finland

A2

A2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 

Company name & address 

 

Karto Oy

Kuormaajantie 17

Jyvaskyla, 40351

Finland

Tel:       358-14-4433-311

Fax:      358-14-610-494

Web:    www.karto.fi

 

           

Synthesis

 

Employees:                  150

Company Type:            Private Independent

Incorporation Date:         1971   

Financials in:                 USD (Millions)

Fiscal Year End:            01-Dec-2010

Reporting Currency:       Euro

Annual Sales:               14.5

Net Income:                  0.2

Total Assets:                16.3

 

 

Business Description     

 

Karto Oy is primarily engaged in commercial printing (except lithographic, gravure, screen, or flexographic printing) without publishing (except books, grey goods, and manifold business forms). Printing processes included in this industry are letterpress printing and engraving printing. This industry includes establishments engaged in commercial printing on purchased stock materials, such as stationery, invitations, labels, and similar items, on a job order basis.

 

Industry             

Industry            Printing and Publishing

ANZSIC 2006:    5419 - Other Publishing (except Software, Music and Internet)

NACE 2002:      2215 - Other publishing

NAICS 2002:     511191 - Greeting Card Publishers

UK SIC 2003:    2215 - Other publishing

US SIC 1987:    2771 - Greeting Cards

 

           


Key Executives   

 

Name                                       Title    

Unto Ahonen                             Managing Director         

Ritva Herranen                           Finance Manager

Harri Riikonen                            Production Director       

Marko Johannes Malmberg         Chairman         

Markus Eemeli Kinnunen            Board member  

 

 

News 

 

Title

Date

LANDSLIDE KILLS TWO IN LAHAT
Antara (Indonesian National News Agency) (109 Words)

18-Jan-2012

Family shocked that he was the killer
The Straits Times (395 Words)

14-May-2011

 

Registered No.(FIN):                   01744319

 

1 - Profit & Loss Item Exchange Rate: USD 1 = EUR 0.7493392

2 - Balance Sheet Item Exchange Rate: USD 1 = EUR 0.7655209

 

 

Corporate Overview

 

Location

Kuormaajantie 17

Jyvaskyla, 40351

Finland

Tel:       358-14-4433-311

Fax:      358-14-610-494

Web:    www.karto.fi

           

Sales EUR(mil):             10.9

Assets EUR(mil):           12.5

Employees:                   150

Fiscal Year End:            01-Dec-2010

Industry:                        Printing and Publishing

Incorporation Date:         1971

Company Type:             Private Independent

Quoted Status:              Not Quoted

Registered No.(FIN):       01744319

Chairman:                     Marko Johannes Malmberg

Contents

Industry Codes

Business Description

Financial Data

Key Corporate Relationships

 

Industry Codes

 

ANZSIC 2006 Codes:

5419     -          Other Publishing (except Software, Music and Internet)

 

NACE 2002 Codes:

2215     -          Other publishing

 

NAICS 2002 Codes:

511191  -          Greeting Card Publishers

 

US SIC 1987:

2771     -          Greeting Cards

 

UK SIC 2003:

2215     -          Other publishing

 

Business Description

Greeting Card Publisher

 

More Business Descriptions

Karto Oy is primarily engaged in commercial printing (except lithographic, gravure, screen, or flexographic printing) without publishing (except books, grey goods, and manifold business forms). Printing processes included in this industry are letterpress printing and engraving printing. This industry includes establishments engaged in commercial printing on purchased stock materials, such as stationery, invitations, labels, and similar items, on a job order basis.

 

Financial Data

Financials in:

EUR(mil)

 

Revenue:

10.9

Net Income:

0.1

Assets:

12.5

Current Assets:

6.3

 

Issued Capital:

0.3

 

Net Worth:

6.0

 

 

 

Date of Financial Data:

01-Dec-2010

 

1 Year Growth

NA

NA

NA

Key Corporate Relationships

Bank:

Keski-Suomen o

 

 

 

 

 

 

 

 

 

 

 

Executive report

 

Board of Directors

 

Name

Title

Function

 

Marko Johannes Malmberg

 

Chairman

Chairman

 

Markus Eemeli Kinnunen

 

Board member

Director/Board Member

 

Anssi Eino Johannes Laine

 

Board member

Director/Board Member

 

Perttu Lauri Nousiainen

 

Board member

Director/Board Member

 

Ari Pekka Ojala

 

Board member, Managing director

Director/Board Member

 

 

Executives

 

Name

Title

Function

 

Unto Ahonen

 

Managing Director

Managing Director

 

Ari Pekka Ojala

 

Board member, Managing director

Managing Director

 

Ritva Herranen

 

Finance Manager

Finance Executive

 

Harri Riikonen

 

Production Director

Product Management Executive

 

 

 

Annual proft & loss

 

 

 

01-Dec-2010

01-Dec-2009

Period Length

12 Months

12 Months

Filed Currency

EUR

EUR

Exchange Rate (Period Average)

0.749339

0.723487

Consolidated

No

No

 

 

 

Total income

14.5

14.9

Cost of goods sold

4.6

3.9

Other operating costs

4.1

4.0

Total operating costs

13.9

12.3

Interest received from loans

0.2

0.3

Profit before tax

0.7

1.3

Total taxation

-

0.3

Income before depreciation

1.1

1.4

Depreciation

0.6

0.4

Profit before financial items

0.5

1.0

Other financial expenses

0.1

0.0

Income/profit after financial items

0.7

1.3

Income before allocations

-0.3

1.3

Net income

0.2

1.0

 

 

Annual Balance Sheet

Financials in: USD (mil)

 

 

01-Dec-2010

01-Dec-2009

Filed Currency

EUR

EUR

Exchange Rate

0.765521

0.662537

Consolidated

No

No

 

 

 

Issued capital

0.3

0.4

Untaxed/reserves allocations

1.1

0.7

Other restricted equity

0.6

0.6

Non restricted equity

6.8

7.8

Total stockholders equity

7.8

8.9

Other long-term liabilities

3.6

0.4

Trade creditors

1.1

1.5

Other current liabilities

2.7

2.8

Total current liabilities

7.5

4.7

Land and buildings

5.0

3.5

Machinery and tools

1.9

1.3

Depreciable assets

7.6

5.8

Total non-current assets

8.1

6.4

Stocks

2.7

2.9

Trade debtors

1.1

1.5

Cash and liquid assets

4.4

3.6

Short-term investments

0.5

0.6

Shares in associated companies

0.1

0.2

Total current assets

8.2

8.0

Total assets

16.3

14.3

 

 

Annual Ratios

Financials in: USD (mil)

 

 

 

01-Dec-2010

01-Dec-2009

Period Length

12 Months

12 Months

Filed Currency

EUR

EUR

Exchange Rate

0.765521

0.662537

Consolidated

No

No

 

 

 

Current ratio

2.10

1.80

Quick ratio

1.40

1.20

Asset turnover

0.01%

0.01%

Profit margin

0.05%

0.08%

Equity ratio

0.52%

0.66%

Interest on liabilities

0.05%

-

Risk margin

68.03%

63.91%

Net worth

7.8

8.9

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.55.78

UK Pound

1

Rs.86.75

Euro

1

Rs.68.32

 

INFORMATION DETAILS

 

Report Prepared by :

MNL

 

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.