MIRA
INFORM REPORT
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Report Date : |
18.02.2013 |
IDENTIFICATION DETAILS
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Name : |
MOTORAL OY |
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Registered Office : |
Valuraudankuja 1 Helsinki, 00700 |
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Country : |
Finland |
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Financials (as on) : |
31.03.2011 |
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Date of Incorporation : |
1958 |
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Com. Reg. No.: |
01117761 |
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Legal Form : |
Private Parent |
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Line of Business : |
Subject is engaged in installation in buildings or other construction
projects of (electrical wiring and fittings |
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No. of Employees : |
232 |
RATING & COMMENTS
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MIRA’s 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 : |
Moderate |
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Payment Behaviour : |
Slow but Correct |
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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 – June 30th, 2012
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Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
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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 |
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.
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Source : CIA |
Company name and address
MOTORAL OY
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Business Description
Motoral Oy is primarily engaged in installation in buildings
or other construction projects of (electrical wiring and fittings; telecommunications
wiring; electrical heating systems, including electric solar energy collectors;
lifts and escalators; fire alarms; burglar alarm systems; residential antennas
and aerials; and lightning conductors, etc.).
Industry
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Industry |
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ANZSIC 2006: |
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NACE 2002: |
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NAICS 2002: |
423120 - Motor
Vehicle Supplies and New Parts Merchant Wholesalers |
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UK SIC 2003: |
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UK SIC 2007: |
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US SIC 1987: |
Key Executives
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Name |
Title |
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Juha Erkki Kivinen |
Board member, Managing director |
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Kaj Christer Ström |
Chairman |
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Kimmo Kalevi Koiso-Kanttila |
Board member |
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Kim Kristian Ström |
Board member |
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Roni Mikael Ström |
Board member |
News
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Title |
Date |
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NEW APPOINTMENT AT PANOSTAJA OYJ -
JUHA KIVINEN BECOMES MANAGING DIRECTOR AT KL-VARAOSAT OY |
12-Nov-2012 |
Registered No.(FIN): 01117761
1 - Profit & Loss Item Exchange Rate: USD 1 = EUR 0.7591309
2 - Balance Sheet Item Exchange Rate:
USD 1 = EUR 0.7231181
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ANZSIC 2006 Codes: |
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3504 |
- |
Motor Vehicle New Parts Wholesaling |
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NACE 2002 Codes: |
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5030 |
- |
Sale of motor vehicle parts and accessories |
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NAICS 2002 Codes: |
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423120 |
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Motor Vehicle Supplies and New Parts Merchant Wholesalers |
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US SIC 1987: |
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5013 |
- |
Motor Vehicle Supplies and New Parts |
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UK SIC 2003: |
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5030 |
- |
Sale of motor vehicle parts and accessories |
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UK SIC 2007: |
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4532 |
- |
Retail trade of motor vehicle parts and accessories |
Trade in motor vehicle components
More Business Descriptions
Motoral Oy is primarily engaged in installation in buildings or other construction projects of (electrical wiring and fittings; telecommunications wiring; electrical heating systems, including electric solar energy collectors; lifts and escalators; fire alarms; burglar alarm systems; residential antennas and aerials; and lightning conductors, etc.).
Motor Vehicle Supplies and New Parts Merchant Wholesalers
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Company |
Percentage Owned |
Country |
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Vta Tekniikka Oy |
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Finland |
|
Tarvikeyhtymä Oy |
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Finland |
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Motoplast Oy |
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Finland |
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Motoral Eesti As |
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Estonia |
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Kiinteistö Oy Valuraudankuja 1 |
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Finland |
Corporate
Structure News
Motoral Oy
Total Corporate Family Members: 3
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Company Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
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Parent |
Helsinki |
Finland |
Auto and Truck Parts |
41.3 |
232 |
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Subsidiary |
Vantaa |
Finland |
Business Services |
24.3 |
53 |
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Subsidiary |
Helsinki |
Finland |
Retail (Specialty) |
14.1 |
15 |
Board of Directors
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Chairman |
Chairman |
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Board member, Managing director |
Director/Board Member |
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Board member |
Director/Board Member |
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Board member |
Director/Board Member |
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Board member |
Director/Board Member |
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Board member |
Director/Board Member |
Executives
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Board member, Managing director |
Managing Director |
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NEW APPOINTMENT AT PANOSTAJA OYJ �
JUHA KIVINEN BECOMES MANAGING DIRECTOR AT KL-VARAOSAT OY
COMPANY NEWS SERVICE /
ENGLISH
12 NOVEMBER 2012
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[What follows is the full
text of the news story.] Panostaja Oyj Stock Exchange Bulletin, November 12, 2012, 10:00 amNEW APPOINTMENT AT PANOSTAJA OYJ � JUHA KIVINEN BECOMES MANAGING DIRECTOR ATKL-VARAOSAT OYM.Sc.(Econ.) Juha Kivinen (48) has been invited to become Managing Director ofKL-Varaosat Oy, which is part of the Panostaja Group. Kivinen has previouslyserved as Managing Director of Motoral Oy. Kivinen will assume his duties asManaging Director no later than February 4, 2013. Jarkko Iso-Eskeli, thepresent Managing Director of KL-Varaosat Oy, continues in his position untilJuha Kivinen, the becoming Managing Director of KL-Varaosat, will begin. Afterthat Jarkko Iso-Eskeli will not continue in the service of the Group.KL-Varaosat Oy specializes in the import, wholesale and distribution oforiginal spare parts for Mercedes-Benz and BMW cars and their resale tocompanies in the field and private individuals. The company also operates asuccessful online shop, with its head office located in Tampere.Panostaja OyjJuha SarsamaCEOFurther information:CEOJuha SarsamaPanostaja Oyj040 774 2099Panostaja is an investment company developing Finnish SMEs in the role of anactive majority shareholder. The company aims to be the most sought-afterpartner for business owners selling their companies as well as for the bestmanagers and investors. Together with its partners, Panostaja increases theGroup's shareholder value and creates Finnish success stories. The PanostajaGroup employs approximately 1,200 people. Panostaja�s shares (PNA1V) are quotedon the NASDAQ OMX Helsinki Stock Exchange. In the 2011 financial year, theGroup�s net sales totaled MEUR 163.2. www.panostaja.fi |
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Annual
Profit & Loss
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01-Mar-2011 |
01-Mar-2010 |
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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) |
0.759131 |
0.71112 |
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Consolidated |
No |
No |
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Total income |
41.3 |
39.2 |
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Cost of goods sold |
27.0 |
26.3 |
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Other operating costs |
2.7 |
2.1 |
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Total operating costs |
37.6 |
36.2 |
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Interest received from loans |
0.0 |
0.1 |
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Interest payable on loans |
0.5 |
0.8 |
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Profit before tax |
1.4 |
1.1 |
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Total taxation |
0.4 |
0.3 |
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Income before depreciation |
0.9 |
2.1 |
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Depreciation |
0.7 |
0.6 |
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Profit before financial items |
0.3 |
1.5 |
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Other financial expenses |
0.1 |
0.0 |
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Income/profit after financial items |
-0.3 |
0.7 |
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Extraordinary items |
2.1 |
0.5 |
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Income before allocations |
1.4 |
1.1 |
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Net income |
1.0 |
0.8 |
Annual
Balance Sheet
Financials in: USD (mil)
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01-Mar-2011 |
01-Mar-2010 |
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Filed Currency |
EUR |
EUR |
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Exchange Rate |
0.723118 |
0.741922 |
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Consolidated |
No |
No |
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Issued capital |
1.4 |
1.4 |
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Other restricted equity |
5.2 |
5.1 |
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Non restricted equity |
9.6 |
8.9 |
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Total stockholders equity |
16.2 |
15.4 |
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Total long-term liabilities |
13.8 |
11.5 |
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Trade creditors |
2.5 |
1.9 |
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Other current liabilities |
9.5 |
13.7 |
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Total current liabilities |
25.8 |
27.0 |
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Land and buildings |
9.6 |
7.9 |
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Machinery and tools |
1.5 |
1.3 |
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Depreciable assets |
11.2 |
9.3 |
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Total non-current assets |
20.1 |
19.8 |
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Stocks |
10.6 |
11.7 |
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Trade debtors |
7.3 |
6.6 |
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Cash and liquid assets |
4.0 |
4.2 |
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Short-term investments |
8.9 |
10.5 |
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Shares in associated companies |
8.9 |
10.5 |
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Total current assets |
21.9 |
22.5 |
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Total assets |
42.0 |
42.3 |
Annual
Ratios
Financials in: USD (mil)
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01-Mar-2011 |
01-Mar-2010 |
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Period Length |
12 Months |
12 Months |
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Filed Currency |
EUR |
EUR |
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Exchange Rate |
0.723118 |
0.741922 |
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Consolidated |
No |
No |
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Current ratio |
1.80 |
1.50 |
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Quick ratio |
0.90 |
0.70 |
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Asset turnover |
0.01% |
0.01% |
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Profit margin |
-0.01% |
0.02% |
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Equity ratio |
0.39% |
0.36% |
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Interest on liabilities |
0.06% |
- |
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Risk margin |
117.14% |
113.94% |
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Interest cover |
0.00% |
0.00% |
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Net worth |
16.2 |
15.4 |
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Number of employees |
129 |
139 |
FOREIGN EXCHANGE RATES
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Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.99 |
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|
1 |
Rs.83.72 |
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Euro |
1 |
Rs.72.08 |
INFORMATION DETAILS
|
Report Prepared
by : |
SDA |
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 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.