MIRA INFORM REPORT

 

 

Report Date :

16.07.2012

 

IDENTIFICATION DETAILS

 

Name :

OY LUNAWOOD LTD

 

 

Registered Office :

Asemantie 52 Iisalmi, 74170

 

 

Country :

Finland

 

 

Financials (as on) :

01.07.2010

 

 

Year of Establishment :

1986

 

 

Com. Reg. No.:

06063635

 

 

Legal Form :

Private Subsidiary

 

 

Line of Business :

Manufacture of builders' carpentry and joinery

 

 

No. of Employees :

50

 

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 and address Top of Form

Bottom of Form



Top of Form

Oy Lunawood LTD                                                                                                                        

 

Asemantie 52

 

 

Iisalmi, 74170

Finland

 

Tel:

358 17 7700200

Fax:

+358 (0)17 770 02 30

 

www.lunawood.fi

 

Employees:

50

Company Type:

Private Subsidiary

Corporate Family:

3 Companies

Ultimate Parent:

Capman Private Technology 2007 Ky

 

 

Incorporation Date:

1986

Financials in:

USD (mil)

 

 

Fiscal Year End:

01-Jul-2010

Reporting Currency:

Euro

Annual Sales:

12.8

Net Income:

0.9

Total Assets:

10.5

                                         

Business Description          

 

Oy Lunawood Ltd is primarily engaged in manufacturing wood products (except establishments operating sawmills and preservation facilities; establishments manufacturing veneer, engineered wood products, millwork, wood containers, pallets, and wood container parts; and establishments making manufactured homes (i.e., mobile homes) and prefabricated buildings and components).

          

Industry     

 

Industry

Construction - Supplies and Fixtures

ANZSIC 2006:

1492 - Wooden Structural Fitting and Component Manufacturing

NACE 2002:

2030 - Manufacture of builders' carpentry and joinery

NAICS 2002:

321213 - Engineered Wood Member (except Truss) Manufacturing

UK SIC 2003:

2030 - Manufacture of builders' carpentry and joinery

US SIC 1987:

2439 - Structural Wood Members, Not Elsewhere Classified

                      

Key Executives           

   

 

Name

Title

Petri Olavi Wager

Board member, Managing director

Petri Juhani Niemi

Chairman

Jarmo Tapani Hirvinen

Board member

Carl Anders Holmén

Board member

Esko Olavi Mäkeläinen

Board member

1 - Profit & Loss Item Exchange Rate: USD 1 = EUR 0.7217288
2 - Balance Sheet Item Exchange Rate: USD 1 = EUR 0.8028904

 

 

 

 

 

Corporate Overview

 

Location
Asemantie 52
Iisalmi, 74170
Finland

 

Tel:

358 17 7700200

Fax:

+358 (0)17 770 02 30

 

www.lunawood.fi

Sales EUR(mil):

9.2

Assets EUR(mil):

8.4

Employees:

50

Fiscal Year End:

01-Jul-2010

 

Industry:

Construction - Supplies and Fixtures

Incorporation Date:

1986

Company Type:

Private Subsidiary

Quoted Status:

Not Quoted

Registered No.(FIN):

06063635

 

Chairman:

Petri Juhani Niemi

Contents

Industry Codes

Business Description

Financial Data

Subsidiaries

Industry Codes

 

ANZSIC 2006 Codes:

1492

-

Wooden Structural Fitting and Component Manufacturing

 

NACE 2002 Codes:

2030

-

Manufacture of builders' carpentry and joinery

 

NAICS 2002 Codes:

321213

-

Engineered Wood Member (except Truss) Manufacturing

 

US SIC 1987:

2439

-

Structural Wood Members, Not Elsewhere Classified

 

UK SIC 2003:

2030

-

Manufacture of builders' carpentry and joinery

 

Business Description

Oy Lunawood Ltd is primarily engaged in manufacturing wood products (except establishments operating sawmills and preservation facilities; establishments manufacturing veneer, engineered wood products, millwork, wood containers, pallets, and wood container parts; and establishments making manufactured homes (i.e., mobile homes) and prefabricated buildings and components).

 

 

 

 

 

 

 

 

Financial Data

 

Financials in:

EUR(mil)

 

Revenue:

9.2

Net Income:

0.6

Assets:

8.4

Current Assets:

5.3

 

Issued Capital:

0.0

 

Net Worth:

2.2

 

 

 

Date of Financial Data:

01-Jul-2010

 

1 Year Growth

NA

NA

NA

 

Subsidiaries

Company

Percentage Owned

Country

Kiurutimber Oy

 

Finland

 

 

 

 

 

 

Corporate Structure News

 

Oy Lunawood LTD
Total Corporate Family Members: 3

 

 

 

 

Company Name

Company Type

Location

Country

Industry

Sales
(USD mil)

Employees

Capman Private Technology 2007 Ky

Parent

 

 

 

 

 

Oy Lunawood LTD

Subsidiary

Iisalmi

Finland

Construction - Supplies and Fixtures

12.8

50

Kiurutimber Oy

Subsidiary

Kiuruvesi

Finland

Forestry and Wood Products

6.1

20

 

 

 

 

Executives Report

 

 

Board of Directors

 

Name

Title

Function

Petri Juhani Niemi

 

Chairman

Chairman

Jarmo Tapani Hirvinen

 

Board member

Director/Board Member

Carl Anders Holmén

 

Board member

Director/Board Member

Esko Olavi Mäkeläinen

 

Board member

Director/Board Member

Petri Olavi Wager

 

Board member, Managing director

Director/Board Member

 

 

Executives

 

Name

Title

Function

Petri Olavi Wager

 

Board member, Managing director

Managing Director

 

Annual Profit & Loss

 

 

 

 

 

01-Jul-2010

01-Dec-2009

Period Length

7 Months

12 Months

Filed Currency

EUR

EUR

Exchange Rate (Period Average)

0.721729

0.723487

Consolidated

No

No

 

 

 

Total income

12.8

12.8

Cost of goods sold

6.4

5.8

Other operating costs

2.7

3.1

Total operating costs

9.4

12.1

Interest received from loans

0.0

0.0

Profit before tax

1.6

1.5

Total taxation

0.4

0.3

Income before depreciation

2.5

2.3

Depreciation

0.3

0.5

Profit before financial items

2.2

1.8

Other financial expenses

0.2

0.3

Income/profit after financial items

2.0

1.5

Extraordinary items

0.5

-

Income before allocations

1.0

1.1

Net income

0.9

1.0

 

 

 

Annual Balance Sheet

Financials in: USD (mil)

 

 

 

01-Jul-2010

01-Dec-2009

Filed Currency

EUR

EUR

Exchange Rate

0.80289

0.662537

Consolidated

No

No

 

 

 

Issued capital

0.0

0.0

Untaxed/reserves allocations

0.7

0.6

Other restricted equity

-

0.5

Non restricted equity

2.2

2.0

Total stockholders equity

2.7

3.1

Other long-term liabilities

4.3

4.3

Trade creditors

1.5

1.1

Other current liabilities

1.2

1.7

Total current liabilities

7.0

7.2

Land and buildings

2.0

3.0

Machinery and tools

1.6

2.1

Depreciable assets

3.8

5.4

Total non-current assets

3.9

5.5

Stocks

2.8

3.9

Trade debtors

2.7

1.4

Cash and liquid assets

1.1

0.5

Short-term investments

0.1

0.1

Shares in associated companies

0.1

0.0

Total current assets

6.6

5.8

Total assets

10.5

11.2

 

 

 

Annual Ratios

Financials in: USD (mil)

 

 

 

01-Jul-2010

01-Dec-2009

Period Length

7 Months

12 Months

Filed Currency

EUR

EUR

Exchange Rate

0.80289

0.662537

Consolidated

No

No

 

 

 

Current ratio

2.40

2.00

Quick ratio

1.40

0.70

Asset turnover

0.01%

0.01%

Profit margin

0.16%

0.12%

Equity ratio

0.32%

0.35%

Interest on liabilities

0.06%

-

Risk margin

28.07%

27.07%

Net worth

2.7

3.1

 

 

Bottom of Form

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.55.65

UK Pound

1

Rs.85.89

Euro

1

Rs.67.88

 

 

INFORMATION DETAILS

 

Report Prepared by :

PRL

 

 

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.