MIRA
INFORM REPORT
|
Report Date : |
05.12.2012 |
IDENTIFICATION DETAILS
|
Name : |
BILLERUD |
|
|
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Registered Office : |
Eteläesplanadi 14, 00130, HELSINKI |
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Country : |
Finland |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
06.04.2011 |
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Reg. No.: |
23927749 |
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Legal Form : |
Limited company |
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Line of Business : |
Manufacture of paper and paperboard |
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No. of Employees : |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Moderate |
|
Payment Behaviour : |
Unknown |
|
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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2011) |
Current Rating (30.06.2012) |
|
Finland |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
|
Off-credit |
D |
Finland - ECONOMIC OVERVIEW
Finland has a highly industrialized, largely free-market economy with per capita output roughly that of Austria, Belgium, the Netherlands, and Sweden. Trade is important with exports accounting for over one third of GDP in recent years. Finland is strongly competitive in manufacturing - principally the wood, metals, engineering, telecommunications, and electronics industries. Finland excels in high-tech exports such as mobile phones. Except for timber and several minerals, Finland depends on imports of raw materials, energy, and some components for manufactured goods. Because of the climate, agricultural development is limited to maintaining self-sufficiency in basic products. Forestry, an important export earner, provides a secondary occupation for the rural population. Finland had been one of the best performing economies within the EU in recent years and its banks and financial markets avoided the worst of global financial crisis. However, the world slowdown hit exports and domestic demand hard in 2009, with Finland experiencing one of the deepest contractions in the euro zone. A recovery of exports, domestic trade, and household consumption stimulated economic growth in 2010. The recession left a deep mark on general government finances and the debt ratio, turning previously strong budget surpluses into deficits. In addition to marginal growth prospects, general government finances will remain in deficit during the next few years. The great challenge of economic policy will be to mitigate a possible recession in 2012 in which measures supporting growth will be combined with general government adjustment measures. Longer-term, Finland must address a rapidly aging population and decreasing productivity that threaten competitiveness, fiscal sustainability, and economic growth.
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Source : CIA |
|
Trading Name |
BILLERUD FINLAND OY |
Trade Registry
Number |
|
|
Company Name |
BILLERUD FINLAND OY |
Business ID |
23927749 |
|
Previous Name |
GC Tuohi Oy |
|
|
|
Telephone Number |
0207765765 |
Registered
Address |
Eteläesplanadi 14, 00130, HELSINKI |
|
Fax Number |
0207765001 |
Visiting Address |
Eteläesplanadi 14, 00130, HELSINKI |
|
Home
Municipality |
Helsinki |
Postal Address |
PL 233, 00131, HELSINKI |
|
Incorporation
Date |
06.04.2011 |
Branches |
1 |
|
Company Type |
Limited company |
Website Address |
|
|
Primary Sic Code |
17120 |
Accountant |
Revico Grant Thornton Oy |
|
Primary Sic
Description |
Manufacture of paper and paperboard |
Last Accounts
Date |
- |
|
Share Capital
(€) |
2.500 |
Holding Company |
|
|
Deals in
importing |
No |
Foreign
Ownership |
|
|
Deals in
exporting |
No |
Currency |
EUR |
Key Financials (€)
|
Year |
31.12.2011 |
|
Number of weeks |
45 |
|
Turnover |
0 |
|
Operating
Profit/Loss |
-2 |
|
Profit/Loss
after Financial Items |
-2 |
|
Profit/Loss after
tax |
-2 |
|
Current Assets |
2.497 |
|
Fixed Assets |
0 |
|
Long Term Debts |
0 |
|
Current
Liabilities |
0 |
|
Shareholders
Equity |
2.497 |
|
Balance sheet
total |
2.497 |
|
Number of
employees |
- |
|
Auditor
qualification |
Not audited |
Ratios
|
Year |
31.12.2011 |
|
Solvency Ratio |
100% |
|
|
Exceptionally Low Indebtedness |
|
Net margin (%) |
- |
|
Interest Coverage
Ratio (times) |
- |
|
Gearing (%) |
0% |
|
Liquidity
Ratio/Acid Test |
- |
|
Risk Buffer (%) |
0% |
Shareholder Information
|
Year |
31.12.2011 |
|
Total Value of
Shares |
2.500 |
|
Number of Shares |
2.500 |
|
Value of Shares |
- |
Registrations in Force
|
|
State |
Registration
Date |
|
Tax
Administration |
Registered |
11.04.2011 |
|
Trade Register |
Registered |
06.04.2011 |
|
Employer
Register |
Registered |
30.12.2011 |
|
Prepayment
Register |
Registered |
30.12.2011 |
|
Value Added
Tax-Liability |
VAT-liable for business activity |
30.12.2011 |
Current Directors
|
Name |
Bjurbom Per Gustav |
|
|
|
Date of Birth |
30.12.1961 |
Appointment Date |
12.06.2012 |
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Nationality |
SWEDEN |
Function |
Actual Member of Board |
|
Name |
Lindberg Per Gunnar |
|
|
|
Date of Birth |
17.02.1959 |
Appointment Date |
12.06.2012 |
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Nationality |
SWEDEN |
Function |
Chairman of Board |
|
Name |
Lithander Karin Susanne |
|
|
|
Date of Birth |
27.02.1961 |
Appointment Date |
12.06.2012 |
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Nationality |
SWEDEN |
Function |
Actual Member of Board |
Other Company Officials
Profit &
Loss (€)
|
Operating Income |
31.12.2011 |
|
|
Number of weeks |
45 |
|
|
Consolidated
Accounts |
no |
|
|
Sales Revenue |
0 |
|
|
Other Operating Income |
0 |
|
|
Total Operating
Income |
0 |
|
|
Wages &
Salaries |
0 |
|
|
Depreciation |
0 |
|
|
Total Operating
Expenses |
2 |
|
|
Operating
Profit/Loss |
-2 |
|
|
Result From Financial Investments |
|
|
|
Financial Income |
0 |
|
|
Financial
Expenses |
0 |
|
|
Total Financial
Investments |
0 |
|
|
Profit/Loss
after Financial Items |
-2 |
|
|
Extraordinary
Income |
0 |
|
|
Extraordinary
Expenses |
0 |
|
|
Profit/Loss
Before Tax |
-2 |
|
|
Tax |
0 |
|
|
Profit/Loss
After Tax |
-2 |
|
Balance Sheet
(€)
|
Assets |
12.2011 |
|
Number of weeks |
45 |
|
Consolidated
Accounts |
no |
|
Fixed Assets |
|
|
Intangible Assets |
0 |
|
Tangible Assets |
0 |
|
Other Fixed
Assets |
0 |
|
Total Fixed
Assets |
0 |
|
Current Assets |
|
|
Inventories |
0 |
|
Trade
Receivables |
0 |
|
Other
Receivables |
0 |
|
Cash & Bank
Balances |
2.497 |
|
Other Current
Assets |
0 |
|
Total Current
Assets |
2.497 |
|
Total Assets |
2.497 |
Equity and
Liabilities (€)
|
EQUITY |
|
|
Share Capital |
2.500 |
|
Share Premium
Reserve |
0 |
|
Retained
Earnings |
-3 |
|
Other Reserves |
0 |
|
Total Equity |
2.497 |
|
LONG TERM LIABILITIES |
|
|
Long Term
Liabilities to Financial Institutions |
0 |
|
Other Long Term
Liabilities Finance |
0 |
|
Other Long Term
Liabilities |
0 |
|
Total Long Term
Debts |
0 |
|
CURRENT LIABILITIES |
|
|
Trade Payables |
0 |
|
Liabilities to
Financial Institutions |
0 |
|
Other Short Term
Financial Loans |
0 |
|
Other Short Term
Liabilities |
0 |
|
Total Current Liabilities |
0 |
|
Total
Liabilities |
0 |
|
Total Equity
& Liabilities |
2.497 |
Other
Financials (€)
|
Working Capital |
2.497 |
|
Net Worth |
2.497 |
Key Ratios
|
|
31.12.2011 |
|
Number of weeks |
45 |
|
Consolidated Accounts |
no |
|
PROFITABILITY |
|
|
Net Margin % |
- |
|
Operating
Profit/Loss % |
- |
|
Pre-Tax Profit
Margin % |
- |
|
TRADING PERFORMANCE |
|
|
Return on Net
Assets Employed % |
-0,1% |
|
Return on Total
Capital % |
-0,1% |
|
Interest
Coverage Ratio (times) |
- |
|
Return on
Capital Employed % |
-0,1% |
|
Return on Total
Assets Employed % |
-0,1% |
|
Interest on Debt
% |
0,0% |
|
Risk Buffer % |
-0,1% |
|
SHORT TERM LIQUIDITY |
|
|
Liquidity
Ratio/Acid Test |
- |
|
Current Ratio % |
- |
|
Debtor Days |
- |
|
Working capital |
2.497 |
|
LONG TERM LIQUIDITY |
|
|
Equity Ratio % |
100,0% |
|
Gearing % |
0,0% |
|
Current Debt
Ratio |
0 |
|
Total Debt Ratio |
0 |
|
Relative debt % |
0,0% |
|
BUSINESS MEASURES |
|
|
Change in
turnover % |
- |
|
Turnover/employees |
- |
|
Sales/Net
Working Capital |
0 |
|
Stock Turnover
Ratio % |
- |
|
Creditor Days |
- |
|
Equity in
Percentage % |
100,0% |
Group structure
No group structure
Linked Companies
No linked companies
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.94 |
|
|
1 |
Rs.88.42 |
|
Euro |
1 |
Rs.71.71 |
INFORMATION DETAILS
|
Report
Prepared by : |
SDA |
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.