|
Report Date : |
05.06.2013 |
IDENTIFICATION DETAILS
|
Name : |
OSUUSKUNTA LAUKKUKETJU |
|
|
|
|
Registered Office : |
Hepolamminkatu 20, 33720, TAMPERE |
|
|
|
|
Country : |
Finland |
|
|
|
|
Financials (as on) : |
31.08.2012 |
|
|
|
|
Date of Incorporation : |
18.04.1980 |
|
|
|
|
Legal Form : |
Cooperative |
|
|
|
|
Line of Business : |
Wholesale of textiles |
|
|
|
|
No. of Employees : |
2 |
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 : |
Slow |
|
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, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
Finland |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
finland - ECONOMIC OVERVIEW
Finland has a highly industrialized, largely free-market
economy with per capita output almost as high as 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 2010-11. The recession affected general government finances and the debt
ratio, turning previously strong budget surpluses into deficits, but Finland
has taken action to ensure it will meet EU deficit targets by 2013 and retains
its triple-A credit rating. Finland's main challenge in 2013 will be to stimulate
growth in the face of weak demand in EU export markets and government austerity
measures meant to reduce its budget deficit. Longer-term, Finland must address
a rapidly aging population and decreasing productivity that threaten
competitiveness, fiscal sustainability, and economic growth.
|
Source
: CIA |
|
Trading Name |
Laukkuketju |
Trade Registry
Number |
278956 |
|
|
|
Company Name |
OSUUSKUNTA LAUKKUKETJU |
Business ID |
03571052 |
|
|
|
Telephone Number |
033451530 |
Registered
Address |
Hepolamminkatu 20, 33720, TAMPERE |
|
|
|
Fax Number |
033451495 |
Visiting Address |
Hepolamminkatu 20, 33720, TAMPERE |
|
|
|
Home
Municipality |
Tampere |
Postal Address |
-, -, - |
|
|
|
Incorporation
Date |
18.04.1980 |
Branches |
1 |
|
|
|
Company Type |
Cooperative |
Website Address |
|
|
|
|
Primary Sic Code |
46412 |
Accountant |
Ernst & Young Oy |
||
|
Primary Sic
Description |
Wholesale of textiles |
Last Accounts
Date |
31.08.2011 |
|
|
|
Share Capital
(€) |
- |
Holding Company |
|
|
|
|
Deals in
importing |
Yes |
Foreign
Ownership |
|
|
|
|
Deals in
exporting |
No |
Currency |
EUR |
|
|
|
Year |
31.08.2012 |
% |
31.08.2011 |
% |
31.08.2010 |
|
|
|
Number of weeks |
52 |
|
52 |
|
52 |
|
|
|
Turnover |
2.351.543 |
6% |
2.221.433 |
6% |
2.097.112 |
|
|
|
Operating
Profit/Loss |
-23.239 |
- |
-57.106 |
- |
-78.569 |
|
|
|
Profit/Loss
after Financial Items |
-14.879 |
- |
-37.765 |
- |
-60.152 |
|
|
|
Profit/Loss
after tax |
-14.879 |
- |
-37.764 |
- |
-60.151 |
|
|
|
Current Assets |
675.918 |
-16% |
809.227 |
-13% |
925.434 |
|
|
|
Fixed Assets |
2.216 |
-25% |
2.954 |
10% |
2.690 |
|
|
|
Long Term Debts |
0 |
- |
32.072 |
-64% |
88.793 |
|
|
|
Current
Liabilities |
101.261 |
-47% |
189.857 |
-10% |
211.315 |
|
|
|
Shareholders
Equity |
576.873 |
-2% |
590.252 |
-6% |
628.016 |
|
|
|
Balance sheet
total |
678.134 |
-17% |
812.181 |
-12% |
928.124 |
|
|
|
Number of
employees |
2 |
|
2 |
|
2 |
|
|
|
Auditor
qualification |
The auditor has
no reservations |
|
The auditor has
no reservations |
|
The auditor has
no reservations |
|
|
|
Year |
31.08.2012 |
|
31.08.2011 |
|
31.08.2010 |
|
|
|
Solvency Ratio |
85% |
|
73% |
|
68% |
|
|
|
|
Exceptionally
Low Indebtedness |
|
Exceptionally
Low Indebtedness |
|
Exceptionally
Low Indebtedness |
|
|
|
Net margin (%) |
-1% |
|
-2% |
|
-3% |
|
|
|
Interest
Coverage Ratio (times) |
-3 |
|
-6 |
|
-48 |
|
|
|
Gearing (%) |
0% |
|
5% |
|
14% |
|
|
|
Liquidity
Ratio/Acid Test |
4 |
|
3 |
|
3 |
|
|
|
Risk Buffer (%) |
-5% |
|
-6% |
|
-7% |
|
|
|
Year |
31.08.2012 |
|
|
Total Value of
Shares |
- |
|
|
Number of Shares |
- |
|
|
Value of Shares |
- |
|
|
|
State |
Registration
Date |
|
Tax
Administration |
Registered |
17.06.1980 |
|
Trade Register |
Registered |
18.04.1980 |
|
Employer
Register |
Registered |
01.09.2000 |
|
Prepayment
Register |
Registered |
01.03.1995 |
|
Value Added
Tax-Liability |
VAT-liable for business activity |
01.06.1994 |
|
Name |
Leimuvaara Timo Sakari |
|
|
|
Date of Birth |
21.06.1952 |
Appointment Date |
27.01.2006 |
|
Nationality |
FINLAND |
Function |
Actual Member of Board |
|
Name |
Terästö Matti Juhani Ilmari |
|
|
|
Date of Birth |
21.10.2045 |
Appointment Date |
27.01.2006 |
|
Nationality |
FINLAND |
Function |
Chairman of Board |
|
Name |
Tolvanen Pertti Olavi |
|
|
|
Date of Birth |
23.08.1951 |
Appointment Date |
27.01.2006 |
|
Nationality |
FINLAND |
Function |
Actual Member of Board |
|
Name |
Anttila Eija Birgitta |
|
|
|
Date of Birth |
22.07.1963 |
Appointment Date |
27.01.2006 |
|
Nationality |
FINLAND |
Function |
Actual Member of Board |
|
Name |
Leino Eila Anneli |
|
|
|
Date of Birth |
08.05.2041 |
Appointment Date |
27.01.2006 |
|
Nationality |
FINLAND |
Function |
Actual Member of Board |
|
Name |
Haapanen Reijo Vilho Juhani |
|
|
|
Date of Birth |
03.08.2045 |
Appointment Date |
27.01.2006 |
|
Nationality |
FINLAND |
Function |
Actual Member of Board |
|
Name |
Nieminen Mikko Lauri |
|
|
|
Date of Birth |
09.12.1968 |
Appointment Date |
27.01.2006 |
|
Nationality |
FINLAND |
Function |
Actual Member of Board |
|
Name |
Pulkkinen Hannu Kalevi |
|
|
|
Date of Birth |
28.01.1950 |
Appointment Date |
27.01.2006 |
|
Nationality |
FINLAND |
Function |
Actual Member of Board |
|
Name |
Leimuvaara Timo Sakari |
|
|
|
Date of Birth |
21.06.1952 |
Appointment Date |
05.08.2003 |
|
Nationality |
FINLAND |
Function |
Authority to sign |
|
Name |
Terästö Matti Juhani Ilmari |
|
|
|
Date of Birth |
21.10.2045 |
Appointment Date |
05.08.2003 |
|
Nationality |
FINLAND |
Function |
Authority to sign |
|
Name |
Anttila Eija Birgitta |
|
|
|
Date of Birth |
22.07.1963 |
Appointment Date |
05.08.2003 |
|
Nationality |
FINLAND |
Function |
Authority to sign |
|
Name |
Havukainen Jari Juhani |
|
|
|
Date of Birth |
29.12.1962 |
Appointment Date |
27.01.2006 |
|
Nationality |
FINLAND |
Function |
Principal accountant |
|
|
Operating Income |
31.08.2012 |
% |
31.08.2011 |
% |
31.08.2010 |
|
|
|
|
Number of weeks |
52 |
|
52 |
|
52 |
|
|
|
|
Consolidated
Accounts |
no |
|
no |
|
no |
|
|
|
|
Sales Revenue |
2.351.543 |
6% |
2.221.433 |
6% |
2.097.112 |
|
|
|
|
Other Operating
Income |
10.717 |
-39% |
17.482 |
98% |
8.831 |
|
|
|
|
Total Operating
Income |
2.362.260 |
6% |
2.238.915 |
6% |
2.105.943 |
|
|
|
|
Wages &
Salaries |
68.300 |
7% |
63.766 |
5% |
60.903 |
|
|
|
|
Depreciation |
739 |
-25% |
985 |
10% |
897 |
|
|
|
|
Total Operating
Expenses |
2.385.499 |
4% |
2.296.021 |
5% |
2.184.512 |
|
|
|
|
Operating
Profit/Loss |
-23.239 |
- |
-57.106 |
- |
-78.569 |
|
|
|
|
Result From
Financial Investments |
|||||||
|
|
Financial Income |
11.719 |
-53% |
24.858 |
26% |
19.654 |
|
|
|
|
Financial
Expenses |
3.359 |
-39% |
5.517 |
346% |
1.237 |
|
|
|
|
Total Financial
Investments |
8.360 |
-57% |
19.341 |
5% |
18.417 |
|
|
|
|
Profit/Loss
after Financial Items |
-14.879 |
- |
-37.765 |
- |
-60.152 |
|
|
|
|
Extraordinary
Income |
0 |
- |
0 |
- |
0 |
|
|
|
|
Extraordinary
Expenses |
0 |
- |
0 |
- |
0 |
|
|
|
|
Profit/Loss
Before Tax |
-14.879 |
- |
-37.764 |
- |
-60.151 |
|
|
|
|
Tax |
0 |
- |
0 |
- |
0 |
|
|
|
|
Profit/Loss After
Tax |
-14.879 |
- |
-37.764 |
- |
-60.151 |
|
|
|
|
Assets |
08.2012 |
% |
08.2011 |
% |
08.2010 |
|
|
|
|
Number of weeks |
52 |
|
52 |
|
52 |
|
|
|
|
Consolidated
Accounts |
no |
|
no |
|
no |
|
|
|
|
Fixed Assets |
|||||||
|
|
Intangible Assets |
0 |
- |
0 |
- |
0 |
|
|
|
|
Tangible Assets |
2.216 |
-25% |
2.954 |
10% |
2.690 |
|
|
|
|
Other Fixed
Assets |
0 |
- |
0 |
- |
0 |
|
|
|
|
Total Fixed
Assets |
2.216 |
-25% |
2.954 |
10% |
2.690 |
|
|
|
|
Current Assets |
|||||||
|
|
Inventories |
256.143 |
-13% |
295.301 |
-19% |
362.985 |
|
|
|
|
Trade
Receivables |
341.736 |
-6% |
362.593 |
-19% |
446.659 |
|
|
|
|
Other
Receivables |
48.509 |
-31% |
70.623 |
-35% |
109.429 |
|
|
|
|
Cash & Bank
Balances |
29.530 |
-63% |
80.710 |
1169% |
6.361 |
|
|
|
|
Other Current
Assets |
0 |
- |
0 |
- |
0 |
|
|
|
|
Total Current
Assets |
675.918 |
-16% |
809.227 |
-13% |
925.434 |
|
|
|
|
Total Assets |
678.134 |
-17% |
812.181 |
-12% |
928.124 |
|
|
|
|
EQUITY |
|||||||
|
|
Share Capital |
9.000 |
6% |
8.500 |
0% |
8.500 |
|
|
|
|
Share Premium
Reserve |
0 |
- |
0 |
- |
0 |
|
|
|
|
Retained
Earnings |
523.989 |
-3% |
538.868 |
-7% |
576.633 |
|
|
|
|
Other Reserves |
43.884 |
2% |
42.884 |
0% |
42.883 |
|
|
|
|
Total Equity |
576.873 |
-2% |
590.252 |
-6% |
628.016 |
|
|
|
|
LONG TERM LIABILITIES |
|||||||
|
|
Long Term Liabilities
to Financial Institutions |
0 |
- |
32.072 |
-64% |
88.793 |
|
|
|
|
Other Long Term
Liabilities Finance |
0 |
- |
0 |
- |
0 |
|
|
|
|
Other Long Term
Liabilities |
0 |
- |
0 |
- |
0 |
|
|
|
|
Total Long Term
Debts |
0 |
- |
32.072 |
-64% |
88.793 |
|
|
|
|
CURRENT LIABILITIES |
|||||||
|
|
Trade Payables |
83.710 |
-44% |
148.698 |
-27% |
202.406 |
|
|
|
|
Liabilities to
Financial Institutions |
0 |
- |
0 |
- |
0 |
|
|
|
|
Other Short Term
Financial Loans |
0 |
- |
0 |
- |
0 |
|
|
|
|
Other Short Term
Liabilities |
17.551 |
-57% |
41.159 |
362% |
8.909 |
|
|
|
|
Total Current
Liabilities |
101.261 |
-47% |
189.857 |
-10% |
211.315 |
|
|
|
|
Total
Liabilities |
101.261 |
-54% |
221.929 |
-26% |
300.108 |
|
|
|
|
Total Equity
& Liabilities |
678.134 |
-17% |
812.181 |
-12% |
928.124 |
|
|
|
|
Working Capital |
574.657 |
-7% |
619.370 |
-13% |
714.119 |
|
|
|
|
Net Worth |
576.873 |
-2% |
590.252 |
-6% |
628.016 |
|
|
|
|
|
31.08.2012 |
|
31.08.2011 |
|
31.08.2010 |
|
|
|
|
Number of weeks |
52 |
|
52 |
|
52 |
|
|
|
|
Consolidated
Accounts |
no |
|
no |
|
no |
|
|
|
|
PROFITABILITY |
|||||||
|
|
Net Margin % |
-0,6% |
|
-1,7% |
|
-2,9% |
|
|
|
|
Operating
Profit/Loss % |
-1,0% |
|
-2,6% |
|
-3,8% |
|
|
|
|
Pre-Tax Profit
Margin % |
-0,6% |
|
-1,7% |
|
-2,9% |
|
|
|
|
TRADING PERFORMANCE |
|||||||
|
|
Return on Net
Assets Employed % |
-2,6% |
|
-6,4% |
|
-9,6% |
|
|
|
|
Return on Total
Capital % |
-1,7% |
|
-4,0% |
|
-6,4% |
|
|
|
|
Interest
Coverage Ratio (times) |
-3 |
|
-6 |
|
-48 |
|
|
|
|
Return on
Capital Employed % |
-2,6% |
|
-6,1% |
|
-8,4% |
|
|
|
|
Return on Total Assets
Employed % |
-2,2% |
|
-4,7% |
|
-6,5% |
|
|
|
|
Interest on Debt
% |
3,3% |
|
2,5% |
|
0,4% |
|
|
|
|
Risk Buffer % |
-5,0% |
|
-6,5% |
|
-6,8% |
|
|
|
|
SHORT TERM LIQUIDITY |
|||||||
|
|
Liquidity
Ratio/Acid Test |
4 |
|
3 |
|
3 |
|
|
|
|
Current Ratio % |
668,0% |
|
426,0% |
|
438,0% |
|
|
|
|
Debtor Days |
53 |
|
60 |
|
78 |
|
|
|
|
Working capital |
574.657 |
|
619.370 |
|
714.119 |
|
|
|
|
LONG TERM LIQUIDITY |
|||||||
|
|
Equity Ratio % |
85,1% |
|
72,7% |
|
67,7% |
|
|
|
|
Gearing % |
0,0% |
|
5,4% |
|
14,1% |
|
|
|
|
Current Debt
Ratio |
0 |
|
0 |
|
0 |
|
|
|
|
Total Debt Ratio |
0 |
|
0 |
|
0 |
|
|
|
|
Relative debt % |
4,3% |
|
10,0% |
|
14,3% |
|
|
|
|
BUSINESS MEASURES |
|||||||
|
|
Change in
turnover % |
5,9% |
|
5,9% |
|
- |
|
|
|
|
Turnover/employees |
1175772 |
|
1110717 |
|
1048556 |
|
|
|
|
Sales/Net
Working Capital |
4 |
|
4 |
|
3 |
|
|
|
|
Stock Turnover
Ratio % |
10,9% |
|
13,3% |
|
17,3% |
|
|
|
|
Creditor Days |
13 |
|
24 |
|
35 |
|
|
|
|
Equity in
Percentage % |
85,1% |
|
72,7% |
|
67,7% |
|
|
No group structure
No linked companies
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.56.64 |
|
|
1 |
Rs.86.68 |
|
Euro |
1 |
Rs.73.97 |
INFORMATION DETAILS
|
Report Prepared
by : |
SDA |
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.