MIRA INFORM REPORT
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Report Date : |
20.05.2013 |
IDENTIFICATION DETAILS
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Name : |
TERVAKOSKI OY |
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Registered Office : |
Vahikkalantie 1, Tervakoski, 12400 |
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Country : |
Finland |
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Financials (as on) : |
01.12.2011 |
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Date of Incorporation : |
02.09.1999 |
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Com. Reg. No.: |
15162969 |
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Legal Form : |
Private Subsidiary |
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Line of Business : |
Manufacture of speciality papers including printing
papers, release base papers and letterhead papers |
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No. of Employees : |
336 |
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, 2013
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Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
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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 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
Company Name and Address
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Tervakoski Oy |
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Business
Description
Manufacture of speciality papers including printing papers,
release base papers and letterhead papers
Industry
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Industry |
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ANZSIC 2006: |
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NACE 2002: |
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NAICS 2002: |
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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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Klaus Weitkämper |
Board member, Managing director |
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Martin Zahlbruckner |
Chairman |
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Roland Alexander Faihs |
Board member |
1 - Profit & Loss Item Exchange Rate: USD 1 = EUR 0.7189224
2 - Balance Sheet Item Exchange Rate:
USD 1 = EUR 0.7423905
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ANZSIC 2006 Codes: |
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1510 |
- |
Pulp, Paper and Paperboard Manufacturing |
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NACE 2002 Codes: |
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2112 |
- |
Manufacture of paper and paperboard |
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NAICS 2002 Codes: |
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322121 |
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Paper (except Newsprint) Mills |
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US SIC 1987: |
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2621 |
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Paper Mills |
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UK SIC 2003: |
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2112 |
- |
Manufacture of paper and paperboard |
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UK SIC 2007: |
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1712 |
- |
Manufacture of paper and paperboard |
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More Business
Descriptions |
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Financial
Data
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Tervakoski Oy |
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Company Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
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Delfort Group AG |
Parent |
Traun, OberĂsterreich |
Austria |
Miscellaneous Financial Services |
706.7 |
110 |
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Tervakoski Oy |
Subsidiary |
Tervakoski |
Finland |
Paper and Paper Products |
184.5 |
336 |
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Executives Report
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Board
of Directors |
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Chairman |
Chairman |
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Board member |
Director/Board Member |
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Board member, Managing director |
Director/Board Member |
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Executives |
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Board member, Managing director |
Managing Director |
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Annual
Profit & Loss
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01-Dec-2011 |
01-Dec-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) |
0.718922 |
0.749339 |
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Consolidated |
No |
No |
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Total income |
184.5 |
170.1 |
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Cost of goods sold |
128.5 |
112.8 |
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Other operating costs |
22.4 |
22.2 |
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Total operating
costs |
176.7 |
160.1 |
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Interest received from loans |
0.1 |
0.1 |
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Interest payable on loans |
1.7 |
1.4 |
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Profit before tax |
1.7 |
-1.2 |
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Income before depreciation |
11.7 |
8.2 |
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Depreciation |
8.3 |
8.1 |
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Profit before financial items |
3.4 |
0.1 |
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Income/profit after financial items |
1.7 |
-1.2 |
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Income before allocations |
1.7 |
-1.2 |
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Net income |
1.7 |
-1.2 |
Annual
Balance Sheet
Financials in: USD (mil)
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01-Dec-2011 |
01-Dec-2010 |
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Filed Currency |
EUR |
EUR |
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Exchange Rate |
0.74239 |
0.765521 |
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Consolidated |
No |
No |
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Issued capital |
22.7 |
22.0 |
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Non restricted equity |
11.0 |
9.0 |
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Total
stockholders equity |
33.6 |
31.0 |
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Total long-term
liabilities |
27.2 |
34.6 |
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Trade creditors |
21.1 |
19.5 |
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Other current liabilities |
25.4 |
18.4 |
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Total current
liabilities |
74.5 |
73.3 |
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Land and buildings |
6.7 |
6.8 |
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Machinery and tools |
32.1 |
27.3 |
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Depreciable assets |
41.7 |
42.8 |
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Total
non-current assets |
41.9 |
43.0 |
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Stocks |
25.1 |
22.2 |
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Trade debtors |
32.2 |
29.8 |
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Cash and liquid assets |
8.9 |
9.3 |
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Short-term investments |
0.2 |
0.2 |
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Shares in associated companies |
0.2 |
0.2 |
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Total current
assets |
66.2 |
61.3 |
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Total assets |
108.2 |
104.3 |
Annual Ratios
Financials in: USD (mil)
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01-Dec-2011 |
01-Dec-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 |
0.74239 |
0.765521 |
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Consolidated |
No |
No |
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Current ratio |
1.40 |
1.60 |
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Quick ratio |
0.90 |
1.00 |
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Asset turnover |
0.02% |
0.02% |
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Profit margin |
0.01% |
-0.01% |
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Equity ratio |
0.31% |
0.30% |
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Interest on liabilities |
0.04% |
- |
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Risk margin |
249.58% |
237.08% |
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Interest cover |
0.01% |
0.01% |
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Net worth |
33.6 |
31.0 |
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Number of employees |
348 |
376 |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.54.89 |
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1 |
Rs.83.66 |
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Euro |
1 |
Rs.70.58 |
INFORMATION DETAILS
|
Report
Prepared by : |
NIT |
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.