MIRA
INFORM REPORT
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Report Date : |
05.01.2012 |
IDENTIFICATION DETAILS
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Name : |
KOIVUPUISTO OY |
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Registered Office : |
Tuottajantie 17 Seinajoki, 60100 |
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Country : |
Finland |
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Financials (as on) : |
01.12.2010 |
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Date of Incorporation : |
02.04.1972 |
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Com. Reg. No.: |
01820449 |
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Legal Form : |
Private Independent |
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Line of Business : |
Wholesale of clothing and footwear |
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No. of Employees : |
7 |
RATING & COMMENTS
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MIRAs Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Small Company |
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Payment Behaviour : |
No Complaints |
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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 September 30, 2011
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Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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Finland |
A2 |
A2 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Company name and address
Koivupuisto Oy
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Business
Description
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Koivupuisto Oy is primarily engaged in wholesale of adults' fur and
leather clothing; wholesale of children's and infants' clothing; wholesale of
footwear; and wholesale of clothing not elsewhere classified. |
Industry
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Industry |
Apparel and Accessories |
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ANZSIC 2006: |
371 - Textile, Clothing and Footwear
Wholesaling |
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NACE 2002: |
5142 - Wholesale of clothing and footwear |
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NAICS 2002: |
4243 - Apparel, Piece Goods, and Notions
Merchant Wholesalers |
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UK SIC 2003: |
5142 - Wholesale of clothing and footwear |
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US SIC 1987: |
513 - Apparel, Piece Goods, and Notions |
Key Executives
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1 - Profit &
Loss Item Exchange Rate: USD 1 = EUR 0.7493392
2 - Balance Sheet Item Exchange Rate: USD 1 = EUR 0.7655209
Corporate Overview
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Executives Report
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Annual Profit & Loss
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01-Dec-2010 |
01-Dec-2009 |
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Period Length |
12 Months |
12 Months |
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Filed Currency |
EUR |
EUR |
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Exchange Rate (Period
Average) |
0.749339 |
0.723487 |
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Consolidated |
No |
No |
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Total income |
4.2 |
4.0 |
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Cost of goods sold |
2.8 |
2.3 |
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Other operating costs |
0.4 |
0.4 |
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Total operating costs |
3.9 |
3.2 |
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Interest received from loans |
0.0 |
0.0 |
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Profit before tax |
0.6 |
0.6 |
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Total taxation |
0.2 |
0.2 |
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Income before depreciation |
0.6 |
0.6 |
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Depreciation |
0.0 |
0.0 |
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Profit before financial items |
0.6 |
0.6 |
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Other financial expenses |
0.0 |
0.0 |
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Income/profit after financial items |
0.6 |
0.6 |
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Income before allocations |
0.6 |
0.6 |
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Net income |
0.4 |
0.5 |
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Annual Balance
Sheet |
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Financials in:
USD (mil) |
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01-Dec-2010 |
01-Dec-2009 |
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Filed Currency |
EUR |
EUR |
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Exchange Rate |
0.765521 |
0.662537 |
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Consolidated |
No |
No |
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Issued capital |
0.0 |
0.0 |
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Non restricted equity |
3.0 |
3.3 |
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Total stockholders equity |
3.0 |
3.3 |
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Trade creditors |
0.1 |
0.1 |
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Other current liabilities |
0.3 |
0.2 |
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Total current liabilities |
0.3 |
0.3 |
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Land and buildings |
0.0 |
0.0 |
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Machinery and tools |
0.0 |
0.0 |
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Depreciable assets |
0.0 |
0.0 |
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Total non-current assets |
0.0 |
0.0 |
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Stocks |
1.0 |
1.0 |
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Trade debtors |
0.4 |
0.4 |
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Cash and liquid assets |
1.8 |
1.9 |
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Short-term investments |
0.0 |
0.0 |
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Shares in associated companies |
0.0 |
0.0 |
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Other current assets |
0.1 |
0.3 |
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Total current assets |
3.3 |
3.5 |
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Total assets |
3.4 |
3.6 |
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Annual Ratios |
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Financials in:
USD (mil) |
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01-Dec-2010 |
01-Dec-2009 |
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Period Length |
12 Months |
12 Months |
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Filed Currency |
EUR |
EUR |
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Exchange Rate |
0.765521 |
0.662537 |
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Consolidated |
No |
No |
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Current ratio |
9.60 |
12.70 |
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Quick ratio |
6.40 |
8.00 |
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Asset turnover |
0.01% |
0.01% |
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Profit margin |
0.14% |
0.16% |
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Equity ratio |
0.90% |
0.92% |
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Interest on liabilities |
0.01% |
- |
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Risk margin |
23.01% |
21.75% |
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Net worth |
3.0 |
3.3 |
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Number of employees |
7 |
7 |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.53.14 |
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1 |
Rs.83.08 |
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Euro |
1 |
Rs.69.25 |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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-- |
NB |
New Business |
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This score serves as a reference to assess SCs 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.