MIRA INFORM REPORT
|
Report Date : |
13.12.2012 |
IDENTIFICATION DETAILS
|
Name : |
HELKAMA BICA OY |
|
|
|
|
Formerly Known As : |
UUSI HELKAMA BICA OY |
|
|
|
|
Registered Office : |
Lasitehtaankatu 12, 10960, Hanko Pohjoinen |
|
|
|
|
Country : |
Finland |
|
|
|
|
Financials (as on) : |
31.12.2011 |
|
|
|
|
Date of Incorporation : |
20.11.2009 |
|
|
|
|
Com. Reg. No.: |
22989534 |
|
|
|
|
Legal Form : |
Limited company |
|
|
|
|
Line of Business : |
Manufacture of other electronic and electric wires and cables |
|
|
|
|
No. of Employees : |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
|
With Financials |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
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 – June 30th,
2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
Finland |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
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.
|
Source : CIA |
REGISTERED
NAME & COMPANY SUMMARY
|
Trading
Name |
Helkama
Bica Oy |
Trade
Registry Number |
|
|
|
|
Company
Name |
Helkama
Bica Oy |
Business
ID |
22989534 |
|
|
|
Previous
Name |
Uusi
Helkama Bica Oy |
|
|
|
|
|
Telephone
Number |
024108700 |
Registered
Address |
|
|
|
|
Fax
Number |
0192482016 |
Visiting
Address |
Lasitehtaankatu
12, 10960, HANKO POHJOINEN |
|
|
|
Home
Municipality |
Hanko |
Postal
Address |
-, -, - |
|
|
|
Incorporation
Date |
20.11.2009 |
Branches |
2 |
|
|
|
Company
Type |
Limited
company |
Website
Address |
|
|
|
|
Primary
Sic Code |
27320 |
Accountant |
Oy Soinio
& Co |
||
|
Primary
Sic Description |
Manufacture
of other electronic and electric wires and cables |
Last
Accounts Date |
31.12.2011 |
|
|
|
Share
Capital (€) |
100.000 |
Holding
Company |
|
|
|
|
Deals in
importing |
Yes |
Foreign
Ownership |
No |
|
|
|
Deals in
exporting |
Yes |
Currency |
EUR |
|
|
|
Unit |
Lakimiehenkatu
4, FI 20780, Kaarina, Finland |
|
|
|
|
Registrations
in Force
|
|
State |
Registration
Date |
|
Tax
Administration |
Registered |
24.11.2009 |
|
Trade
Register |
Registered |
20.11.2009 |
|
Employer
Register |
Registered |
01.01.2010 |
|
Prepayment
Register |
Registered |
01.01.2010 |
|
Value Added
Tax-Liability |
VAT-liable
for business activity |
01.01.2010 |
DIRECTORS/MANAGEMENT
Current Directors
|
Name |
Rönnholm
Thomas Ulf Runar |
|
|
|
Date of
Birth |
16.06.1954 |
Appointment
Date |
22.10.2012 |
|
Nationality |
FINLAND |
Function |
Actual
Member of Board |
|
Name |
Vesala
Timo Juhani |
|
|
|
Date of
Birth |
09.04.1958 |
Appointment
Date |
20.11.2009 |
|
Nationality |
FINLAND |
Function |
Managing
director |
|
Name |
Helkama
Satu Elina |
|
|
|
Date of
Birth |
06.12.1974 |
Appointment
Date |
22.10.2012 |
|
Nationality |
FINLAND |
Function |
Actual
Member of Board |
|
Name |
Salakka
Jouko Lauri Elias |
|
|
|
Date of
Birth |
10.08.1951 |
Appointment
Date |
22.10.2012 |
|
Nationality |
FINLAND |
Function |
Actual
Member of Board |
|
Name |
Pihl Sture
Christer August |
|
|
|
Date of
Birth |
02.02.1945 |
Appointment
Date |
22.10.2012 |
|
Nationality |
FINLAND |
Function |
Chairman
of Board |
|
Name |
Voipio
Raimo Hannes |
|
|
|
Date of
Birth |
03.08.1955 |
Appointment
Date |
22.10.2012 |
|
Nationality |
FINLAND |
Function |
Actual
Member of Board |
Other
Company Officials
|
Name |
Soinio
Osmo Antero |
|
|
|
Date of
Birth |
28.04.1973 |
Appointment
Date |
20.11.2009 |
|
Nationality |
FINLAND |
Function |
Principal
accountant |
|
Name |
Helkama Satu
Elina |
|
|
|
Date of
Birth |
06.12.1974 |
Appointment
Date |
20.11.2009 |
|
Nationality |
FINLAND |
Function |
Authority
to sign |
|
Name |
Pohjonen
Jarkko Mikael |
|
|
|
Date of
Birth |
14.02.1961 |
Appointment
Date |
20.11.2009 |
|
Nationality |
FINLAND |
Function |
Authority
to sign |
NEGATIVE
INFORMATION
No negative
information found.
SHARE
& SHARE CAPITAL INFORMATION
Shareholder
Information
|
Year |
31.12.2011 |
|
Total
Value of Shares |
100.000 |
|
Number of
Shares |
400 |
|
Value of
Shares |
- |
GROUP
STRUCTURE & AFFILIATED COMPANIES
Group
structure
|
Company
Name |
|
Registered
Number |
Latest
Key Financials |
Percentage
Owned |
Turnover |
|
|
|
06135221 |
31.12.2011 |
- |
€1 551 000
|
|
|
|
18002354 |
31.08.2005 |
100% |
€642 000
|
|
|
|
22989534 |
31.12.2011 |
100% |
€31 565 000
|
|
|
|
N/A |
- |
100% |
- |
|
|
|
22772095 |
31.12.2011 |
100% |
€15 179 000
|
|
|
|
09801357 |
31.12.2011 |
100% |
€10 850 000
|
HELKAMA
EMOTOR OY FINANCIAL
INFORMATION
Key Financials (€)
|
Year |
31.12.2011 |
% |
31.12.2010 |
|
Number of
weeks |
52 |
|
52 |
|
Turnover |
31.565.290
|
13% |
28.008.463
|
|
Operating
Profit/Loss |
146.344 |
- |
-384.864 |
|
Profit/Loss
after Financial Items |
-82.972 |
- |
-170.457 |
|
Profit/Loss
after tax |
9.785 |
-86% |
70.843 |
|
Current
Assets |
15.947.376
|
1% |
15.735.042
|
|
Fixed
Assets |
3.725.964
|
-2% |
3.812.729
|
|
Long Term
Debts |
4.831.883
|
437% |
900.000 |
|
Current
Liabilities |
6.238.192
|
13% |
5.522.408
|
|
Shareholders
Equity |
8.603.265
|
-34% |
13.125.363
|
|
Balance
sheet total |
19.673.340
|
1% |
19.547.771
|
|
Number of
employees |
124 |
|
133 |
|
Auditor
qualification |
Not
audited |
|
Not
audited |
Ratios
|
Year |
31.12.2011 |
|
31.12.2010 |
|
Solvency
Ratio |
44%
|
|
67%
|
|
|
Low
Indebtedness |
|
Exceptionally
Low Indebtedness |
|
Net
margin (%) |
0% |
|
-1% |
|
Interest
Coverage Ratio (times) |
1 |
|
-1 |
|
Gearing
(%) |
63% |
|
11% |
|
Liquidity
Ratio/Acid Test |
1 |
|
1 |
|
Risk
Buffer (%) |
-2% |
|
-2% |
Profit
& Loss (€)
|
|
Operating
Income |
31.12.2011 |
% |
31.12.2010 |
|
|
|
|
|
|
Number of
weeks |
52 |
|
52 |
|
|
|
|
|
|
Consolidated
Accounts |
no |
|
no |
|
|
|
|
|
|
Sales
Revenue |
31.565.290
|
13% |
28.008.463
|
|
|
|
|
|
|
Other
Operating Income |
360.449 |
-26% |
487.205 |
|
|
|
|
|
|
Total
Operating Income |
31.925.739
|
12% |
28.495.668
|
|
|
|
|
|
|
Wages
& Salaries |
4.808.543
|
-1% |
4.844.889
|
|
|
|
|
|
|
Depreciation |
215.161 |
-21% |
272.182 |
|
|
|
|
|
|
Total
Operating Expenses |
31.779.395
|
10% |
28.880.532
|
|
|
|
|
|
|
Operating
Profit/Loss |
146.344 |
- |
-384.864 |
|
|
|
|
|
|
Result From
Financial Investments |
|||||||
|
|
Financial
Income |
52.710 |
-84% |
321.549 |
|
|
|
|
|
|
Financial
Expenses |
282.026 |
163% |
107.142 |
|
|
|
|
|
|
Total
Financial Investments |
-229.316 |
- |
214.407 |
|
|
|
|
|
|
Profit/Loss
after Financial Items |
-82.972 |
- |
-170.457 |
|
|
|
|
|
|
Extraordinary
Income |
100.000 |
-60% |
250.000 |
|
|
|
|
|
|
Extraordinary
Expenses |
0 |
- |
0 |
|
|
|
|
|
|
Profit/Loss
Before Tax |
17.027 |
-79% |
79.542 |
|
|
|
|
|
|
Tax |
7.242 |
-17% |
8.699 |
|
|
|
|
|
|
Profit/Loss
After Tax |
9.785 |
-86% |
70.843 |
|
|
|
|
Balance
Sheet (€)
|
|
Assets |
12.2011 |
% |
12.2010 |
|
|
|
|
|
|
Number of
weeks |
52 |
|
52 |
|
|
|
|
|
|
Consolidated
Accounts |
no |
|
no |
|
|
|
|
|
|
Fixed
Assets |
|||||||
|
|
Intangible
Assets |
193.541 |
21% |
159.807 |
|
|
|
|
|
|
Tangible
Assets |
544.426 |
-18% |
664.925 |
|
|
|
|
|
|
Other
Fixed Assets |
2.987.997
|
0% |
2.987.997
|
|
|
|
|
|
|
Total
Fixed Assets |
3.725.964
|
-2% |
3.812.729
|
|
|
|
|
|
|
Current
Assets |
|||||||
|
|
Inventories |
7.847.348
|
1% |
7.804.537
|
|
|
|
|
|
|
Trade
Receivables |
5.923.689
|
4% |
5.670.487
|
|
|
|
|
|
|
Other
Receivables |
1.064.735
|
19% |
891.931 |
|
|
|
|
|
|
Cash
& Bank Balances |
1.111.604
|
-19% |
1.368.087
|
|
|
|
|
|
|
Other
Current Assets |
0 |
- |
0 |
|
|
|
|
|
|
Total
Current Assets |
15.947.376
|
1% |
15.735.042
|
|
|
|
|
|
|
Total
Assets |
19.673.340
|
1% |
19.547.771
|
|
|
|
|
Equity
and Liabilities (€)
|
|
EQUITY |
|||||||
|
|
Share
Capital |
100.000 |
0% |
100.000 |
|
|
|
|
|
|
Share
Premium Reserve |
0 |
- |
0 |
|
|
|
|
|
|
Retained
Earnings |
3.265 |
3373% |
94 |
|
|
|
|
|
|
Other
Reserves |
8.500.000
|
-35% |
13.025.269
|
|
|
|
|
|
|
Total
Equity |
8.603.265
|
-34% |
13.125.363
|
|
|
|
|
|
|
LONG TERM
LIABILITIES |
|||||||
|
|
Long Term
Liabilities to Financial Institutions |
300.000 |
-67% |
900.000 |
|
|
|
|
|
|
Other
Long Term Liabilities Finance |
0 |
- |
0 |
|
|
|
|
|
|
Other
Long Term Liabilities |
4.531.883
|
- |
0 |
|
|
|
|
|
|
Total
Long Term Debts |
4.831.883
|
437% |
900.000 |
|
|
|
|
|
|
CURRENT
LIABILITIES |
|||||||
|
|
Trade
Payables |
2.060.906
|
3% |
1.993.997
|
|
|
|
|
|
|
Liabilities
to Financial Institutions |
600.000 |
0% |
600.000 |
|
|
|
|
|
|
Other
Short Term Financial Loans |
0 |
- |
0 |
|
|
|
|
|
|
Other
Short Term Liabilities |
3.577.286
|
22% |
2.928.411
|
|
|
|
|
|
|
Total
Current Liabilities |
6.238.192
|
13% |
5.522.408
|
|
|
|
|
|
|
Total
Liabilities |
11.070.075
|
72% |
6.422.408
|
|
|
|
|
|
|
Total
Equity & Liabilities |
19.673.340
|
1% |
19.547.771
|
|
|
|
|
Other
Financials (€)
|
|
Working
Capital |
9.709.184
|
-5% |
10.212.634
|
|
|
|
|
|
|
Net Worth |
8.409.724
|
-35% |
12.965.556
|
|
|
|
|
Key
Ratios
|
|
|
31.12.2011 |
|
31.12.2010 |
|
|
|
|
|
|
Number of
weeks |
52 |
|
52 |
|
|
|
|
|
|
Consolidated
Accounts |
no |
|
no |
|
|
|
|
|
|
PROFITABILITY
|
|||||||
|
|
Net
Margin % |
-0,3% |
|
-0,6% |
|
|
|
|
|
|
Operating
Profit/Loss % |
0,5% |
|
-1,4% |
|
|
|
|
|
|
Pre-Tax
Profit Margin % |
0,1% |
|
0,3% |
|
|
|
|
|
|
TRADING
PERFORMANCE |
|||||||
|
|
Return on
Net Assets Employed % |
0,2% |
|
0,6% |
|
|
|
|
|
|
Return on
Total Capital % |
1,0% |
|
-0,3% |
|
|
|
|
|
|
Interest
Coverage Ratio (times) |
1 |
|
-1 |
|
|
|
|
|
|
Return on
Capital Employed % |
0,1% |
|
0,6% |
|
|
|
|
|
|
Return on
Total Assets Employed % |
0,1% |
|
0,4% |
|
|
|
|
|
|
Interest
on Debt % |
2,6% |
|
1,7% |
|
|
|
|
|
|
Risk
Buffer % |
-1,5% |
|
-2,0% |
|
|
|
|
|
|
SHORT
TERM LIQUIDITY |
|||||||
|
|
Liquidity
Ratio/Acid Test |
1 |
|
1 |
|
|
|
|
|
|
Current
Ratio % |
256,0% |
|
285,0% |
|
|
|
|
|
|
Debtor
Days |
69 |
|
74 |
|
|
|
|
|
|
Working
capital |
9.709.184
|
|
10.212.634
|
|
|
|
|
|
|
LONG TERM
LIQUIDITY |
|||||||
|
|
Equity
Ratio % |
43,7% |
|
67,2% |
|
|
|
|
|
|
Gearing % |
63,1% |
|
11,4% |
|
|
|
|
|
|
Current
Debt Ratio |
1 |
|
0 |
|
|
|
|
|
|
Total
Debt Ratio |
1 |
|
0 |
|
|
|
|
|
|
Relative
debt % |
35,1% |
|
22,9% |
|
|
|
|
|
|
BUSINESS
MEASURES |
|||||||
|
|
Change in
turnover % |
12,7% |
|
- |
|
|
|
|
|
|
Turnover/employees |
254559 |
|
210590 |
|
|
|
|
|
|
Sales/Net
Working Capital |
3 |
|
3 |
|
|
|
|
|
|
Stock Turnover
Ratio % |
24,9% |
|
27,9% |
|
|
|
|
|
|
Creditor Days |
24 |
|
26 |
|
|
|
|
|
|
Equity in
Percentage % |
52,2% |
|
80,0% |
|
|
|
|
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian
Rupees |
|
US Dollar |
1 |
Rs.54.27 |
|
UK Pound |
1 |
Rs.87.42 |
|
Euro |
1 |
Rs.70.54 |
INFORMATION DETAILS
|
Report
Prepared by : |
NLM |
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.