MIRA
INFORM REPORT
|
Report Date : |
25.07.2012 |
IDENTIFICATION DETAILS
|
Name : |
OY BANMARK AB |
|
|
|
|
Registered Office : |
Kutojantie 12, 02630, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2011 |
|
|
|
|
Date of Incorporation : |
15.01.1971 |
|
|
|
|
Legal Form : |
Limited Company |
|
|
|
|
Line of Business : |
Wholesale of chemical products |
|
|
|
|
No. of Employees : |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
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 – March 31st, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
|
|
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
REGISTERED NAME & COMPANY
SUMMARY
Banmark Ab
|
Trading Name |
Banmark Oy Ab |
Trade Registry Number |
204701 |
|
Company Name |
Oy Banmark Ab |
Business ID |
01069544 |
|
Previous Name |
OY Banmark
AB |
|
|
|
Telephone Number |
09476500 |
Registered Address |
Kutojantie 12, 02630, |
|
Fax Number |
0947650380 |
Visiting Address |
Kutojantie 12, 02630, |
|
|
|
Postal Address |
PL 746, 00101, |
|
|
|
Postal Address |
Kisallintie 13 01730 |
|
Incorporation Date |
15.01.1971 |
Branches |
1 |
|
Company Type |
Limited company |
Website Address |
|
|
Primary Sic Code |
46750 |
Accountant |
Holmberg Jan Olof Osvald |
|
Primary Sic Description |
Wholesale of chemical products |
Last Accounts Date |
31.12.2011 |
|
Share Capital (€) |
10.091 |
Holding Company |
|
|
Deals in importing |
Yes |
Foreign Ownership |
No |
|
Deals in exporting |
No |
Currency |
EUR |
DIRECTORS/MANAGEMENT
Current Directors
|
Name |
Didrichsen-Enlund Ann Marie |
||
|
Date of Birth |
14.03.1953 |
Appointment Date |
19.08.2011 |
|
Nationality |
|
Function |
Actual Member of Board |
|
Name |
Ansaharju Aulis Mikael |
||
|
Date of Birth |
09.04.1951 |
Appointment Date |
19.08.2011 |
|
Nationality |
|
Function |
Actual Member of Board |
|
Name |
Strengell Jyrki Ilkka Tapio |
||
|
Date of Birth |
21.03.1960 |
Appointment Date |
19.08.2011 |
|
Nationality |
|
Function |
Chairman of Board |
|
Name |
Didrichsen Jon Christian |
||
|
Date of Birth |
07.01.1945 |
Appointment Date |
25.03.2009 |
|
Nationality |
|
Function |
Managing director |
Other Company Officials
|
Name |
Mäki Petri Juhani |
||
|
Date of Birth |
15.08.1965 |
Appointment Date |
09.12.2010 |
|
Nationality |
|
Function |
Procurist |
|
Accountant |
Holmberg Jan Olof Osvald |
NEGATIVE INFORMATION
No negative information
found
SHARE & SHARE CAPITAL
INFORMATION
Shareholder Information
|
Year |
31.12.2011 |
|
Total Value of
Shares |
10.091 |
|
Number of Shares |
1.000 |
|
Value of Shares |
- |
|
Share Capital (€) |
10.091 |
PAYMENT INFORMATION
Na
GROUP STRUCTURE & AFFILIATED
COMPANIES
Group structure
|
Company Name |
Registered
Number |
Latest Key
Financials |
Percentage Owned |
Turnover |
|
|
02024663 |
31.12.2010 |
- |
€44.308.000 |
|
|
N/A |
- |
90% |
- |
|
|
N/A |
- |
74% |
- |
|
|
N/A |
- |
60% |
- |
|
|
N/A |
- |
100% |
- |
|
|
N/A |
- |
100% |
- |
|
|
01069544 |
31.12.2011 |
100% |
€21.019.000 |
|
|
5566157425 |
31.12.2010 |
100% |
- |
|
|
N/A |
- |
100% |
- |
|
|
N/A |
- |
100% |
- |
Linked Companies
|
No linked companies |
|
Holding Company |
|
FINANCIAL INFORMATION
Key Financials (€)
|
Year |
31.12.2011 |
% |
31.12.2010 |
|
Number of weeks |
52 |
|
52 |
|
Turnover |
22.921.031 |
15% |
19.877.361 |
|
Operating
Profit/Loss |
2.937.251 |
45% |
2.020.654 |
|
Profit/Loss
after Financial Items |
2.892.170 |
41% |
2.050.993 |
|
Profit/Loss
after tax |
2.124.069 |
46% |
1.453.932 |
|
Current Assets |
7.525.847 |
5% |
7.139.203 |
|
Fixed Assets |
465.846 |
-7% |
500.099 |
|
Long Term Debts |
0 |
- |
26.767 |
|
Current
Liabilities |
3.201.465 |
-7% |
3.446.376 |
|
Shareholders
Equity |
4.790.228 |
15% |
4.166.159 |
|
Balance sheet
total |
7.991.693 |
5% |
7.639.302 |
|
Number of
employees |
- |
|
- |
|
Auditor
qualification |
The auditor has no reservations |
|
The auditor has no reservations |
Ratios
|
Year |
31.12.2011 |
|
31.12.2010 |
|
Solvency Ratio |
60% |
|
55% |
|
|
Low Indebtedness |
|
Low Indebtedness |
|
Net margin (%) |
13% |
|
10% |
|
Interest
Coverage Ratio (times) |
24 |
|
62 |
|
Gearing (%) |
0% |
|
1% |
|
Liquidity
Ratio/Acid Test |
2 |
|
2 |
|
Risk Buffer (%) |
34% |
|
26% |
Profit & Loss (€)
|
Operating Income |
31.12.2011 |
% |
31.12.2010 |
|
Number of weeks |
52 |
|
52 |
|
Consolidated
Accounts |
yes |
|
yes |
|
Sales Revenue |
22.921.031 |
15% |
19.877.361 |
|
Other Operating
Income |
6.060 |
376% |
1.273 |
|
Total Operating
Income |
22.927.091 |
15% |
19.878.634 |
|
Wages &
Salaries |
2.514.021 |
10% |
2.283.605 |
|
Depreciation |
159.480 |
-2% |
163.302 |
|
Total Operating
Expenses |
19.989.840 |
12% |
17.857.980 |
|
Operating
Profit/Loss |
2.937.251 |
45% |
2.020.654 |
|
Result From Financial Investments |
|
Financial Income |
81.362 |
27% |
64.082 |
|
Financial
Expenses |
126.443 |
275% |
33.743 |
|
Total Financial
Investments |
-45.081 |
- |
30.339 |
|
Profit/Loss
after Financial Items |
2.892.170 |
41% |
2.050.993 |
|
Extraordinary
Income |
0 |
- |
0 |
|
Extraordinary
Expenses |
0 |
- |
0 |
|
Profit/Loss
Before Tax |
2.892.170 |
41% |
2.050.993 |
|
Tax |
768.101 |
29% |
597.061 |
|
Profit/Loss
After Tax |
2.124.069 |
46% |
1.453.932 |
Balance Sheet (€)
|
Assets |
12.2011 |
% |
12.2010 |
|
Number of weeks |
52 |
|
52 |
|
Consolidated
Accounts |
yes |
|
yes |
|
Fixed Assets |
|||
|
Intangible Assets |
0 |
- |
620 |
|
Tangible Assets |
415.069 |
-7% |
448.702 |
|
Other Fixed
Assets |
50.777 |
0% |
50.777 |
|
Total Fixed
Assets |
465.846 |
-7% |
500.099 |
|
Current Assets |
|||
|
Inventories |
980.901 |
-22% |
1251.530 |
|
Trade
Receivables |
3.669.973 |
0% |
3.669.081 |
|
Other
Receivables |
1.047.552 |
99% |
525.253 |
|
Cash & Bank
Balances |
1.827.421 |
133% |
783.188 |
|
Other Current
Assets |
0 |
- |
910.151 |
|
Total Current
Assets |
7.525.847 |
5% |
7.139.203 |
|
Total Assets |
7.991.693 |
5% |
7.639.302 |
Equity and Liabilities (€)
|
EQUITY |
|||
|
Share Capital |
10.091 |
0% |
10.091 |
|
Share Premium
Reserve |
0 |
- |
0 |
|
Retained
Earnings |
4.475.082 |
16% |
3.851.013 |
|
Other Reserves |
305.055 |
0% |
305.055 |
|
Total Equity |
4.790.228 |
15% |
4.166.159 |
|
LONG TERM LIABILITIES |
|||
|
Long Term
Liabilities to Financial Institutions |
0 |
- |
0 |
|
Other Long Term
Liabilities Finance |
0 |
- |
0 |
|
Other Long Term
Liabilities |
0 |
- |
26.767 |
|
Total Long Term
Debts |
0 |
- |
26.767 |
|
Total Equity
& Liabilities |
7.991.693 |
5% |
7.639.302 |
|
CURRENT LIABILITIES |
|||
|
Trade Payables |
1.309.642 |
-31% |
1.894.080 |
|
Liabilities to
Financial Institutions |
0 |
- |
0 |
|
Other Short Term
Financial Loans |
0 |
- |
0 |
|
Other Short Term
Liabilities |
1.891.823 |
22% |
1.552.296 |
|
Total Current
Liabilities |
3.201.465 |
-7% |
3.446.376 |
|
Total
Liabilities |
3.201.465 |
-8% |
3.473.143 |
Other Financials (€)
|
Working Capital |
4.324.382 |
17% |
3.692.827 |
|
Net Worth |
4.790.228 |
15% |
4.165.539 |
Key Ratios
|
|
31.12.2011 |
31.12.2010 |
|
Number of weeks |
52 |
52 |
|
Consolidated
Accounts |
yes |
yes |
|
PROFITABILITY |
||
|
Net Margin % |
12,6% |
10,3% |
|
Operating
Profit/Loss % |
12,8% |
10,2% |
|
Pre-Tax Profit
Margin % |
12,6% |
10,3% |
|
TRADING PERFORMANCE |
||
|
Return on Net Assets
Employed % |
60,4% |
49,2% |
|
Return on Total
Capital % |
37,8% |
27,3% |
|
Interest
Coverage Ratio (times) |
24 |
62 |
|
Return on
Capital Employed % |
60,4% |
48,9% |
|
Return on Total
Assets Employed % |
36,2% |
26,9% |
|
Interest on Debt
% |
4,0% |
1,0% |
|
Risk Buffer % |
33,8% |
26,3% |
|
SHORT TERM LIQUIDITY |
||
|
Liquidity
Ratio/Acid Test |
2 |
2 |
|
Current Ratio % |
235,0% |
207,0% |
|
Debtor Days |
58 |
67 |
|
Working capital |
4.324.382 |
3.692.827 |
|
LONG TERM LIQUIDITY |
||
|
Equity Ratio % |
59,9% |
54,5% |
|
Gearing % |
0,0% |
0,6% |
|
Current Debt
Ratio |
1 |
1 |
|
Total Debt Ratio |
1 |
1 |
|
Relative debt % |
14,0% |
17,5% |
|
BUSINESS MEASURES |
||
|
Change in
turnover % |
15,3% |
- |
|
Turnover/employees |
- |
- |
|
Sales/Net
Working Capital |
5 |
5 |
|
Stock Turnover
Ratio % |
4,3% |
6,3% |
|
Creditor Days |
21 |
35 |
|
Equity in
Percentage % |
60,3% |
54,9% |
FOREIGN EXCHANGE RATES
Na
ADDITIONAL INFORMATION
|
Incorporation Date |
15.01.1971 |
|
Company Type |
Limited company |
|
Primary Sic Code |
46750 |
|
Primary Sic Description |
Wholesale of chemical products |
|
Branches |
1 |
|
Website Address |
|
Registrations in Force
|
|
State |
Registration
Date |
|
Tax
Administration |
Registered |
15.03.1978 |
|
Trade Register |
Registered |
15.01.1971 |
|
Employer
Register |
Registered |
01.08.1971 |
|
Prepayment
Register |
Registered |
01.03.1995 |
|
Value Added
Tax-Liability |
VAT-liable for business activity |
01.06.1994 |
NOTES & COMMENTS
Na
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.56.01 |
|
|
1 |
Rs.86.89 |
|
Euro |
1 |
Rs.67.83 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.