MIRA
INFORM REPORT
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Report Date : |
05.07.2012 |
IDENTIFICATION DETAILS
|
Name : |
TEXMODA FASHION GROUP -OSUUSKUNTA |
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Registered Office : |
Läkkisepäntie 3, 00620, |
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Country : |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
30.06.1997 |
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Legal Form : |
Cooperative |
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Line of Business : |
Wholesale of textiles |
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No. of Employees : |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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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 – March 31st, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
|
Finland |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
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 |
REGISTERED NAME & COMPANY SUMMARY
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Trading
Name |
Texmoda Fashion Group |
Trade
Registry Number |
710926 |
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Company
Name |
Texmoda Fashion Group -osuuskunta |
Business
ID |
10935440 |
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Previous
Name |
- |
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Telephone
Number |
097771200 |
Registered
Address |
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Fax
Number |
0977712099 |
Visiting
Address |
Läkkisepäntie 3, 00620,
HELSINKI |
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Home
Municipality |
Helsinki |
Postal
Address |
-, -, - |
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Incorporation
Date |
30.06.1997 |
Branches |
4 |
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Company
Type |
Cooperative |
Website
Address |
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Primary
Sic Code |
46412 |
Accountant |
KPMG Oy Ab |
||
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Primary
Sic Description |
Wholesale of textiles |
Last
Accounts Date |
31.12.2011 |
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Share
Capital (€) |
- |
Holding
Company |
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Deals
in importing |
Yes |
Foreign
Ownership |
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Deals
in exporting |
No |
Currency |
EUR |
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DIRECTORS/MANAGEMENT
Current Directors
|
Name |
Tukiainen Sari Hannele |
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Date of Birth |
06.02.1961 |
Appointment Date |
29.06.2012 |
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Nationality |
FINLAND |
Function |
Actual Member of Board |
|
Name |
Rantalankila Tuomo Tapani |
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Date of Birth |
18.06.1958 |
Appointment Date |
01.08.2001 |
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Nationality |
FINLAND |
Function |
Managing director |
|
Name |
Olakivi Jorma Olavi |
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Date of Birth |
23.06.1952 |
Appointment Date |
29.06.2012 |
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Nationality |
FINLAND |
Function |
Actual Member of Board |
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Name |
Ratsula Matti Juhani |
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Date of Birth |
02.06.1959 |
Appointment Date |
29.06.2012 |
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Nationality |
FINLAND |
Function |
Chairman of Board |
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Name |
Hokkanen Pekka Tuomas Oskari |
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Date of Birth |
24.01.1968 |
Appointment Date |
29.06.2012 |
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Nationality |
FINLAND |
Function |
Actual Member of Board |
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Name |
Mikkola Jarkko Juhani |
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Date of Birth |
24.03.1970 |
Appointment Date |
29.06.2012 |
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Nationality |
FINLAND |
Function |
Actual Member of Board |
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Name |
Sivonen Antti Kalervo |
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Date of Birth |
17.07.1959 |
Appointment Date |
29.06.2012 |
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Nationality |
FINLAND |
Function |
Actual Member of Board |
Other Company Officials
|
Name |
Huopainen Tapani Veli |
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|
|
Date of Birth |
06.09.1956 |
Appointment Date |
29.06.2012 |
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Nationality |
FINLAND |
Function |
Principal accountant |
NEGATIVE INFORMATION
Na
SHARE & SHARE CAPITAL
INFORMATION
Shareholder Information
|
Year |
31.12.2011 |
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Total Value of Shares |
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Number of Shares |
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Value of Shares |
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PAYMENT INFORMATION
Na
GROUP STRUCTURE & AFFILIATED COMPANIES
Group structure
|
Linked Companies
|
No linked companies |
FINANCIAL INFORMATION
Key Financials
|
Year |
31.12.2011 |
% |
31.12.2010 |
% |
31.12.2009 |
% |
31.12.2008 |
|
Turnover (€) |
10.183.000 |
4% |
9.756.000 |
-5% |
10.261.000 |
-24% |
13.527.000 |
|
Result After Taxes (€) |
56.000 |
47% |
38.000 |
23% |
31.000 |
3% |
30.000 |
|
Total Assets(€) |
1.920.060 |
8% |
1.773.890 |
-8% |
1.931.380 |
-19% |
2.382.560 |
|
Number of Employees |
18 |
-5% |
19 |
-5% |
20 |
-5% |
21 |
|
Estimated Shareholders Funds |
921.629 |
8% |
851.467 |
-4% |
888.435 |
4% |
857.722 |
Ratios
|
Year |
31.12.2011 |
|
31.12.2010 |
|
31.12.2009 |
|
31.12.2008 |
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Solvency Ratio |
48% |
|
48% |
|
46% |
|
36% |
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Low Indebtedness |
|
Low Indebtedness |
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Low Indebtedness |
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Moderate Indebtedness |
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Operating Result Ratio |
1,10 |
|
1,10 |
|
1,20 |
|
0,90 |
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Turnover Employee Ratio |
56.572,00 |
|
51.347,00 |
|
51.305,00 |
|
64.414,00 |
Solvency Ratio Definitions
|
Solvency Ratio is calculated as: |
Shareholders Funds |
|
This ratio measures if the total liabilities of a business
(both secured and unsecured) are too high, indicating a possible over
dependency on outside sources for long-term financial support. An average score
would be between 20% and 40% whilst poor performers can generate scores of
below 20% or even have a negative score. Exceptionally performing businesses
could reach a value in excess of 60%. |
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Less than zero % - Extremely High Indebtedness |
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0 – 20% - High Indebtedness |
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21 – 40% - Moderate Indebtedness |
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41 – 60% - Low Indebtedness |
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Greater than 60% - Exceptionally Low Indebtedness |
FOREIGN EXCHANGE RATES
Na
ADDITIONAL INFORMATION
Registrations in Force
|
|
State |
Registration Date |
|
Tax Administration |
Registered |
01.08.1997 |
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Trade Register |
Registered |
30.06.1997 |
|
Employer Register |
Registered |
01.09.1997 |
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Prepayment Register |
Registered |
01.08.1997 |
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Value Added Tax-Liability |
VAT-liable for business activity |
01.08.1997 |
NOTES & COMMENTS
Na
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.55 |
|
|
1 |
Rs.85.47 |
|
Euro |
1 |
Rs.68.70 |
INFORMATION DETAILS
|
Report Prepared
by : |
PDT |
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 |
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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 |
|
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 |
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-- |
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.