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MIRA INFORM REPORT

 

 

Report Date :

25.05.2013

 

IDENTIFICATION DETAILS

 

Name :

KONE HISSIT OY

 

 

Registered Office :

Eliel Saarisen Tie 2, 00400, Helsinki

 

 

Country :

Finland

 

 

Financials (as on) :

31.12.2011

 

 

Date of Incorporation :

22.06.2004

 

 

Legal Form :

Limited Company

 

 

Line of Business :

Installation of lifts and escalators

 

 

No. of Employees :

602 (2011)

 

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 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

Company summary

 

Trading Name

KONE Hissit Oy, Suomen liiketoiminnot

Trade Registry Number

 

 

Company Name              

KONE Hissit Oy

Business ID

19042921

 

Previous Name

- 

 

 

 

Telephone Number

02047551

Registered Address

Eliel Saarisen tie 2, 00400, HELSINKI

 

Fax Number

0204755800

Visiting Address

Eliel Saarisen tie 2, 00400, HELSINKI

 

Home Municipality

Helsinki

Postal Address

PL 26, 00401, HELSINKI

 

Incorporation Date

22.06.2004

Branches

29  

 

Company Type

Limited company

Website Address

 

 

Primary Sic Code

43292

Accountant

PricewaterhouseCoopers Oy

Primary Sic Description

Installation of lifts and escalators

Last Accounts Date

31.12.2011

 

 

Share Capital (€)

8.000.000

Holding Company

 

 

 

Deals in importing

Yes

Foreign Ownership

No

 

 

Deals in exporting

Yes

Currency

EUR

 

 

 

 

Key Financials (€)

 

Year

31.12.2011

%

31.12.2010

 

 

 

 

Number of weeks

52

 

52

 

 

 

 

Turnover

209.713.462

-1%

212.735.329

 

 

 

 

Operating Profit/Loss

27.720.367

-5%

29.166.239

 

 

 

 

Profit/Loss after Financial Items

28.449.771

-4%

29.561.411

 

 

 

 

Profit/Loss after tax

97.457

-99%

8.907.477

 

 

 

 

Current Assets

127.817.123

7%

119.640.778

 

 

 

 

Fixed Assets

3.050.534

-1%

3.077.636

 

 

 

 

Long Term Debts

997.298

-28%

1.392.516

 

 

 

 

Current Liabilities

110.709.982

19%

93.308.488

 

 

 

 

Shareholders Equity

19.160.377

-32%

28.017.410

 

 

 

 

Balance sheet total

130.867.657

7%

122.718.414

 

 

 

 

Number of employees

602

 

612

 

 

 

 

Auditor qualification

The auditor has no reservations

 

The auditor has no reservations

 

 

 

 

 

Ratios

 

Year

31.12.2011

 

31.12.2010

 

 

 

 

Solvency Ratio

15%  http://app.creditsafe.fi/CSFIWebsiteLive/Images/SolRed.png

 

23%  http://app.creditsafe.fi/CSFIWebsiteLive/Images/SolAmber.png

 

 

 

 

 

High Indebtedness

 

Moderate Indebtedness

 

 

 

 

Net margin (%)

14%

 

14%

 

 

 

 

Interest Coverage Ratio (times)

1435

 

1291

 

 

 

 

Gearing (%)

5%

 

5%

 

 

 

 

Liquidity Ratio/Acid Test

1

 

1

 

 

 

 

Risk Buffer (%)

22%

 

24%

 

 

 

 

 

Shareholder Information

Year

31.12.2011

 

Total Value of Shares

8.000.000

 

Number of Shares

8.000

 

Value of Shares

1000

 

 

Registrations in Force

 

State

Registration Date

Tax Administration

Registered

29.06.2004

Trade Register

Registered

22.06.2004

Employer Register

Registered

01.10.2004

Prepayment Register

Registered

15.06.2004

Value Added Tax-Liability

VAT-liable for business activity

04.06.2004

 

Business History

 

Date

Event

01.07.2007

Merger

30.06.2007

Merger

01.10.2006

Merger

30.09.2006

Merger

01.06.2006

Merger

31.05.2006

Merger

30.06.2005

Merger

 

 

Current Directors

 

Name

Lehtoranta Ari Tapio

 

 

Date of Birth

22.04.1963

Appointment Date

17.12.2010

Nationality

FINLAND

Function

Chairman of Board

 

Name

Korte Mikko Antero

 

 

Date of Birth

19.10.1968

Appointment Date

10.05.2011

Nationality

FINLAND

Function

Managing director

 

Name

Tuomas Kerttu Maria

 

 

Date of Birth

19.03.1957

Appointment Date

17.12.2010

Nationality

FINLAND

Function

Actual Member of Board

 

Name

Simola Jarmo Tapani

 

 

Date of Birth

16.02.1956

Appointment Date

17.12.2010

Nationality

FINLAND

Function

Actual Member of Board

 

Other Company Officials

Name

Ehrnrooth Henrik Georg Fredrik

 

 

Date of Birth

12.02.1969

Appointment Date

05.03.2013

Nationality

FINLAND

Function

Procurist

 

Name

Hillman Anna Leena

 

 

Date of Birth

09.05.1967

Appointment Date

05.03.2013

Nationality

FINLAND

Function

Procurist

 

Name

Hintikka Liisa Raakel

 

 

Date of Birth

27.11.1950

Appointment Date

05.03.2013

Nationality

FINLAND

Function

Procurist

 

Name

Maanselkä Mervi Maaret

 

 

Date of Birth

28.09.1950

Appointment Date

05.03.2013

Nationality

FINLAND

Function

Procurist

 

Name

Rauhala Mika Kalevi

 

 

Date of Birth

22.06.1965

Appointment Date

05.03.2013

Nationality

FINLAND

Function

Procurist

 

Name

Aalto Heli Maija-Leena

 

 

Date of Birth

06.10.1978

Appointment Date

05.03.2013

Nationality

FINLAND

Function

Procurist

 

Name

Vilske Niina Johanna

 

 

Date of Birth

30.07.1974

Appointment Date

07.07.2009

Nationality

FINLAND

Function

Principal accountant

 

Name

Lehtonen Kimmo Juhani

 

 

Date of Birth

30.06.1959

Appointment Date

05.03.2013

Nationality

FINLAND

Function

Procurist

 

Name

Sipilä Tomi Samuli

 

 

Date of Birth

04.12.1972

Appointment Date

05.03.2013

Nationality

FINLAND

Function

Procurist

 

Name

Kojamo Timo Jussi Kalervo

 

 

Date of Birth

29.07.1964

Appointment Date

05.03.2013

Nationality

FINLAND

Function

Procurist

 

Name

Julén Tuula Inkeri

 

 

Date of Birth

05.10.1959

Appointment Date

05.03.2013

Nationality

FINLAND

Function

Procurist

 

Name

Päivärinta Reijo Tapani

 

 

Date of Birth

26.11.1961

Appointment Date

05.03.2013

Nationality

FINLAND

Function

Procurist

 

Name

Uusivirta Tuula Hannele

 

 

Date of Birth

10.01.1966

Appointment Date

05.03.2013

Nationality

FINLAND

Function

Procurist

 

Name

Kukkonen Satu Maarit

 

 

Date of Birth

18.01.1967

Appointment Date

05.03.2013

Nationality

FINLAND

Function

Procurist

 

Name

Haasmaa Heikki Hannu Antonio

 

 

Date of Birth

31.07.1978

Appointment Date

05.03.2013

Nationality

FINLAND

Function

Procurist

 

Name

Markula Sirkku Helena

 

 

Date of Birth

03.06.1967

Appointment Date

05.03.2013

Nationality

FINLAND

Function

Procurist

 

Name

Lehtola Taija Maria Pauliina

 

 

Date of Birth

10.07.1973

Appointment Date

05.03.2013

Nationality

FINLAND

Function

Procurist

 

Name

Winter Ari Anders

 

 

Date of Birth

02.05.1956

Appointment Date

05.03.2013

Nationality

FINLAND

Function

Procurist

 

Name

Cawén Klaus Thomas

 

 

Date of Birth

21.05.1957

Appointment Date

05.03.2013

Nationality

FINLAND

Function

Procurist

 

Name

Kaivonen Jaakko Tuomas

 

 

Date of Birth

03.06.1975

Appointment Date

05.03.2013

Nationality

FINLAND

Function

Procurist

 

Name

Lehtinen Pertti Antero

 

 

Date of Birth

20.04.1968

Appointment Date

05.03.2013

Nationality

FINLAND

Function

Procurist

 

Name

Aitta Kaisu Irmeli

 

 

Date of Birth

22.03.1964

Appointment Date

05.03.2013

Nationality

FINLAND

Function

Procurist

 

 

Profit & Loss (€)

 

 

OPERATING INCOME

31.12.2011

%

31.12.2010

 

 

 

 

 

Number of weeks

52

 

52

 

 

 

 

 

Consolidated Accounts

no

 

no

 

 

 

 

 

Sales Revenue

209.713.462

-1%

212.735.329

 

 

 

 

 

Other Operating Income

488.501

-79%

2.290.558

 

 

 

 

 

Total Operating Income

210.201.963

-2%

215.025.887

 

 

 

 

 

Wages & Salaries

40.371.222

2%

39.661.351

 

 

 

 

 

Depreciation

116.692

-85%

772.981

 

 

 

 

 

Total Operating Expenses

182.481.596

-2%

185.859.648

 

 

 

 

 

Operating Profit/Loss

27.720.367

-5%

29.166.239

 

 

 

 

 

RESULT FROM FINANCIAL INVESTMENTS

 

Financial Income

749.248

79%

418.086

 

 

 

 

 

Financial Expenses

19.844

-13%

22.914

 

 

 

 

 

Total Financial Investments

729.404

85%

395.172

 

 

 

 

 

Profit/Loss after Financial Items

28.449.771

-4%

29.561.411

 

 

 

 

 

Extraordinary Income

0

-

0

 

 

 

 

 

Extraordinary Expenses

28.228.855

62%

17.442.000

 

 

 

 

 

Profit/Loss Before Tax

220.916

-98%

12.119.411

 

 

 

 

 

Tax

123.459

-96%

3.211.934

 

 

 

 

 

Profit/Loss After Tax

97.457

-99%

8.907.477

 

 

 

 

 

Balance Sheet (€)

 

 

ASSETS

12.2011

%

12.2010

 

 

 

 

 

Number of weeks

52

 

52

 

 

 

 

 

Consolidated Accounts

no

 

no

 

 

 

 

 

FIXED ASSETS

 

Intangible Assets

17.159

-76%

71.533

 

 

 

 

 

Tangible Assets

129.952

27%

102.680

 

 

 

 

 

Other Fixed Assets

2.903.423

0%

2.903.423

 

 

 

 

 

Total Fixed Assets

3.050.534

-1%

3.077.636

 

 

 

 

 

CURRENT ASSETS

 

Inventories

29.335.280

13%

25.994.014

 

 

 

 

 

Trade Receivables

25.074.599

3%

24.270.707

 

 

 

 

 

Other Receivables

71.900.391

7%

67.416.964

 

 

 

 

 

Cash & Bank Balances

1.302.712

-21%

1.640.655

 

 

 

 

 

Other Current Assets

204.141

-36%

318.438

 

 

 

 

 

Total Current Assets

127.817.123

7%

119.640.778

 

 

 

 

 

Total Assets

130.867.657

7%

122.718.414

 

 

 

 

Equity and Liabilities (€)

 

 

EQUITY

 

Share Capital

8.000.000

0%

8.000.000

 

 

 

 

 

Share Premium Reserve

11.059.235

0%

11.059.235

 

 

 

 

 

Retained Earnings

101.142

-99%

8.958.175

 

 

 

 

 

Other Reserves

0

-

0

 

 

 

 

 

Total Equity

19.160.377

-32%

28.017.410

 

 

 

 

 

LONG TERM LIABILITIES

 

Long Term Liabilities to Financial Institutions

0

-

0

 

 

 

 

 

Other Long Term Liabilities Finance

0

-

0

 

 

 

 

 

Other Long Term Liabilities

997.298

-28%

1.392.516

 

 

 

 

 

Total Long Term Debts

997.298

-28%

1.392.516

 

 

 

 

 

CURRENT LIABILITIES

 

Trade Payables

25.562.763

37%

18.638.818

 

 

 

 

 

Liabilities to Financial Institutions

0

-

0

 

 

 

 

 

Other Short Term Financial Loans

0

-

0

 

 

 

 

 

Other Short Term Liabilities

85.147.219

14%

74.669.670

 

 

 

 

 

Total Current Liabilities

110.709.982

19%

93.308.488

 

 

 

 

 

Total Liabilities

111.707.280

18%

94.701.004

 

 

 

 

 

Total Equity & Liabilities

130.867.657

7%

122.718.414

 

 

 

 

 

Other Financials (€)

 

 

Working Capital

17.107.141

-35%

26.332.290

 

 

 

 

 

Net Worth

19.143.218

-31%

27.945.877

 

 

 

 

 

Key Ratios

 

 

 

31.12.2011

 

31.12.2010

 

 

 

 

 

Number of weeks

52

 

52

 

 

 

 

 

Consolidated Accounts

no

 

no

 

 

 

 

 

PROFITABILITY

 

Net Margin %

13,6%

 

13,9%

 

 

 

 

 

Operating Profit/Loss %

13,2%

 

13,7%

 

 

 

 

 

Pre-Tax Profit Margin %

0,1%

 

5,7%

 

 

 

 

 

TRADING PERFORMANCE

 

Return on Net Assets Employed %

1,2%

 

43,3%

 

 

 

 

 

Return on Total Capital %

21,8%

 

24,1%

 

 

 

 

 

Interest Coverage Ratio (times)

1435

 

1291

 

 

 

 

 

Return on Capital Employed %

1,1%

 

41,2%

 

 

 

 

 

Return on Total Assets Employed %

0,2%

 

9,9%

 

 

 

 

 

Interest on Debt %

0,0%

 

0,0%

 

 

 

 

 

Risk Buffer %

21,7%

 

24,1%

 

 

 

 

 

SHORT TERM LIQUIDITY

 

Liquidity Ratio/Acid Test

1

 

1

 

 

 

 

 

Current Ratio %

115,0%

 

128,0%

 

 

 

 

 

Debtor Days

44

 

42

 

 

 

 

 

Working capital

17.107.141

 

26.332.290

 

 

 

 

 

LONG TERM LIQUIDITY

 

Equity Ratio %

14,6%

 

22,8%

 

 

 

 

 

Gearing %

5,2%

 

5,0%

 

 

 

 

 

Current Debt Ratio

6

 

3

 

 

 

 

 

Total Debt Ratio

6

 

3

 

 

 

 

 

Relative debt %

53,3%

 

44,5%

 

 

 

 

 

BUSINESS MEASURES

 

Change in turnover %

-1,4%

 

-

 

 

 

 

 

Turnover/employees

348361

 

347607

 

 

 

 

 

Sales/Net Working Capital

12

 

8

 

 

 

 

 

Stock Turnover Ratio %

14,0%

 

12,2%

 

 

 

 

 

Creditor Days

44

 

32

 

 

 

 

 

Equity in Percentage %

15,0%

 

23,4%

 

 

 

 

 

 

Group structure

 

COMPANY NAME

 

REGISTERED NUMBER

LATEST KEY FINANCIALS

PERCENTAGE OWNED

TURNOVER

 KONE OYJ

 

19274001

31.12.2011

-

€392 280 000

 ASBA MANTENIMIENTOS S.L.

 

N/A

-

100%

-

 ASCENSORES MARVI SL

 

N/A

-

100%

-

 ATPE_AMIB S.A

 

N/A

-

100%

-

 AUTOMATIQUE ACCES SERVICES...

 

N/A

-

100%

-

 BLEASDALE LIMITED

 

IE273616

31.12.2011

100%

-

 CENTRAL ELEVATOR SERVICES LTD

 

N/A

-

100%

-

 CENTRAL ELEVATOR SERVICES LTD

 

N/A

-

100%

-

 ELEVATORS S.R.L.

 

CT193481

-

60%

€953 600

 ENOK ELECTRICAL COMPANY, LLC

 

N/A

-

100%

-

 EVIN ASCENSEURS S.A.S.

 

N/A

-

100%

-

 FEIN BLANKING SDN BHD

 

N/A

-

100%

-

 FEIN BLANKING SDN BHD

 

N/A

-

100%

-

 FEIN BLANKING SDN BHD

 

N/A

-

100%

-

 FG MANAGEMENT

 

N/A

-

100%

-

 FUJI LIFT & ESCALATOR MANU...

 

N/A

-

100%

-

 FUJI LIFT & ESCALATOR MANU...

 

N/A

-

100%

-

 FUJI LIFT & ESCALATOR MANU...

 

N/A

-

100%

-

 FUJI LIFT & ESCALATOR SDN BHD

 

N/A

-

100%

-

 FUJI LIFT & ESCALATOR SDN BHD

 

N/A

-

100%

-

 FUJI LIFT & ESCALATOR SDN BHD

 

N/A

-

100%

-

 FINESCAL OY

 

10536749

-

100%

-

 KONE (IRELAND) LIMITED

 

IE123145

31.12.2011

100%

€15 182 691

 INDUSTRIAL LOGISTICS L...

 

IE266162

31.12.2011

100%

-

 KONE HOLDINGS (AUSTRALIA...

 

N/A

-

100%

-

 KONE ELEVATORS PTY LTD

 

N/A

-

100%

-

 KONE ELEVATORS EMPL...

 

N/A

-

100%

-

 KONE HOLDINGS (CANADA) INC.

 

N/A

-

100%

-

 KONE HOLDINGS (CANADA) INC.

 

N/A

-

100%

-

 CAJAX AB

 

5567074546

31.12.2012

100%

-

 KONE INC

 

N/A

-

100%

-

 KONE INC

 

N/A

-

100%

-

 VIRGINIA ELEVATOR CO...

 

N/A

-

100%

-

 KONE HOLDINGS, INC.

 

N/A

-

100%

-

 KONE LUXEMBOURG

 

B28496

31.12.2011

100%

-

 KONE SA

 

N/A

-

100%

-

 KONE SCANDINAVIA AB

 

5567458533

31.12.2012

100%

11 749 KSEK

 HISSJOUREN EKMANS AB

 

5561702985

31.12.2012

100%

203 KSEK

 KO-MONT INVESTMENT B.V.

 

27158689

-

100%

-

 KONE AKTIEBOLAG

 

5562344639

31.12.2011

100%

1 638 610 KSEK

 KONE METRO AB

 

N/A

-

100%

-

 KONE DOOR AB

 

5563735553

31.12.2011

100%

24 349 KSEK

 MOTALA HISSAR AKTIEBOLAG

 

5562123066

31.12.2011

100%

182 914 KSEK

 OOO LIFT RSU-5

 

N/A

-

100%

-

 OOO LIFT RSU-5

 

N/A

-

100%

-

 OOO LIFT RSU-5

 

N/A

-

100%

-

 SIA KONE LIFTI LATVIJA

 

N/A

-

100%

-

 G&G LIFTSERVICE B.V.

 

N/A

-

100%

-

 INDUSMAR S.A.

 

N/A

-

100%

-

 IRITI SRL

 

N/A

-

100%

-

 KIINTEISTÖ OY HEVES

 

04901658

-

100%

-

 KONE A/S

 

N/A

-

100%

-

 KONE AKSJESELSKAP

 

N/A

-

100%

-

 KONE AS

 

N/A

-

100%

-

 KONE AS

 

N/A

-

100%

-

 KONE ASANSÖR SANAYI VE TIC...

 

N/A

-

100%

-

 KONE ASCENSORUL SA

 

N/A

-

100%

-

 KONE BELGIUM SA

 

436407453

31.12.2011

100%

€120 459 886

 KONE CAPITAL OY

 

10536722

-

100%

-

 KONE EHF

 

N/A

-

100%

-

 KONE ELEVATOR INDIA PRIVAT...

 

N/A

-

100%

-

 KONE ELEVATORS CYPRUS LTD

 

N/A

-

100%

-

 KONE ELEVATORS SOUTH AFRIC...

 

N/A

-

100%

-

 KONE ELEVATORS SOUTH AFRIC...

 

N/A

-

100%

-

 KONE FELNOVO KFT

 

N/A

-

100%

-

 KONE HISSIT OY

 

19042921

31.12.2011

100%

€209 713 000

 SUUR-HELSINGIN HISSIHUOL...

 

09208238

31.12.2011

100%

€3 659 000

 KONE HOLDING FRANCE

 

403272388

31.12.2011

100%

€2 592 161

 ASCENSEURS TECHNOLOGIE S...

 

N/A

-

100%

-

 KONE INDUSTRIAL S.P.A.

 

MI1730246

-

100%

€55 733 135

 SLIMPA S.P.A.

 

VA50619

-

100%

€82 510 347

 KONE LIFTEN B.V.

 

27162401

-

100%

-

 KONE ELEVADORES

 

209100

31.12.2011

100%

€117 948 651

 KONE ASCENSORS I ESC...

 

N/A

-

100%

-

 KONE S.P.A.

 

MI1594415

-

100%

€243 144 174

 ELECOMP SRL

 

MI1380288

-

100%

€10 932

 NEULIFT SERVICE SARDEG...

 

N/A

-

100%

-

 SABIEM S.P.A.

 

MI1725924

-

100%

€3 589 647

 PROKODIS

 

379348915

31.12.2011

100%

€24 872 282

 SOCIETE EN PARTICIPATION...

 

N/A

-

100%

-

 KONE HOLLAND B.V.

 

27157140

-

100%

-

 AS KONE

 

N/A

-

100%

-

 HISSI B.V.

 

27246830

-

100%

-

 KONE ELEVATOR (HK) LIM...

 

N/A

-

100%

-

 KONE ELEVATOR (HK) LIM...

 

N/A

-

100%

-

 BEN FUNG MACHINERIES...

 

N/A

-

100%

-

 BEN FUNG ELEVATORS...

 

N/A

-

100%

-

 BEN FUNG ELEVATORS...

 

N/A

-

100%

-

 KONE ELEVATOR (MACAU...

 

N/A

-

100%

-

 KONE ELEVATORS CO LTD

 

N/A

-

95%

-

 NANJING LIAN AO EL...

 

N/A

-

100%

-

 KONE ELEVATORS INTERNA...

 

N/A

-

100%

-

 KONE ELEVATORS INTERNA...

 

N/A

-

100%

-

 KONE (SCHWEIZ) AG

 

N/A

-

100%

-

 KONE B.V.

 

27075288

31.12.2007

100%

€4 078 900 000

 HOPMANN LIFTSERVICE BV

 

N/A

-

100%

-

 KONE ELEVATORS TAIWAN...

 

N/A

-

100%

-

 KONE ELEVATORS TAIWAN...

 

N/A

-

100%

-

 KONE DEURSYSTEMEN B.V.

 

30080679

-

100%

-

 KONE FINANCE HOLDING B.V.

 

30146216

-

100%

-

 KONE DEVELOPPEMENT SNC

 

429661994

31.12.2011

100%

-

 ASCENSEURS SOULIER

 

562023978

31.12.2011

100%

€95 897

 KONE HOLDING GMBH

 

HRB 56581

31.12.2011

100%

-

 KONE HOLDING GMBH

 

HRB 56581

31.12.2011

100%

-

 KONE GMBH

 

HRB 6549

-

100%

-

 KONE GMBH

 

HRB 6549

-

100%

-

 HAGES VERWALTUNGSGES...

 

HRB 2519

31.12.2011

100%

-

 HAGES VERWALTUNGSGES...

 

HRB 2519

31.12.2011

100%

-

 HAGES-AUFZÜGE GMBH &...

 

N/A

-

100%

-

 HAGES-AUFZÜGE GMBH &...

 

N/A

-

100%

-

 KONE GARANT AUFZUG GMBH

 

HRB 1543

31.12.2011

100%

-

 KONE GARANT AUFZUG GMBH

 

HRB 1543

31.12.2011

100%

-

 KONE VERWALTUNGSGESELL...

 

HRB 61280

31.12.2011

100%

-

 KONE VERWALTUNGSGESELL...

 

HRB 61280

31.12.2011

100%

-

 KONE AUTOMATIKTÜREN GMBH

 

HRB 59932

31.12.2011

100%

€11 172 688

 KONE AUTOMATIKTÜREN GMBH

 

HRB 59932

31.12.2011

100%

€11 172 688

 KONE INDUSTRIAL SERVICIO...

 

N/A

-

100%

-

 KONE LIFTS LLC

 

N/A

-

100%

-

 KONE MEXICO SA DE CV

 

N/A

-

100%

-

 KONE INDUSTRIAL SA DE CV

 

N/A

-

100%

-

 KONE NEDERLAND HOLDING B.V.

 

27248908

-

100%

-

 KONE PTE LTD

 

N/A

-

100%

-

 KONE SERVICEZENTRALE GMBH

 

HRB 60942

31.12.2011

100%

-

 KONE SERVICEZENTRALE GMBH

 

HRB 60942

31.12.2011

100%

-

 ENGLER & HARING GMBH

 

N/A

-

100%

-

 ENGLER & HARING GMBH

 

N/A

-

100%

-

 KONE ESCALATOR SUPPLY...

 

HRB 14009

31.12.2011

100%

-

 KONE ESCALATOR SUPPLY...

 

HRB 14009

31.12.2011

100%

-

 KONE MONTAGE GMBH

 

HRB 6581

31.12.2011

100%

-

 KONE MONTAGE GMBH

 

HRB 6581

31.12.2011

100%

-

 KPI ELEVATORS INC

 

N/A

-

100%

-

 UAB UNIKALI IDEJA

 

N/A

-

100%

-

 UAB UNIKALI IDEJA

 

N/A

-

100%

-

 KONE INC

 

US11705140

-

100%

-

 MIRO ELEVATORS LTD

 

N/A

-

100%

-

 MIRO ELEVATORS LTD

 

N/A

-

100%

-

 KONE INDUSTRIAL OY

 

18919760

31.12.2011

100%

€630 896 000

 KONE INDUSTRIAL-KONCERN SRO

 

N/A

-

100%

-

 KONE INDUSTRIAL-KONCERN SRO

 

N/A

-

100%

-

 KONE INTERNATIONAL NV

 

N/A

-

100%

-

 KONE INVESTITION GMBH

 

N/A

-

100%

-

 KONE AG

 

N/A

-

100%

-

 KONE D.O.O.

 

N/A

-

100%

-

 KONE SPZOO

 

N/A

-

100%

-

 KONE JAPAN CO LTD

 

N/A

-

100%

-

 K-ONE LIMITED

 

02595426

-

100%

-

 CROWN LIFTS LTD

 

02132130

31.12.2011

100%

£8 317 801

 KONE (NI) LIMITED

 

NI003522

31.12.2011

100%

£8 440 064

 KONE ELEVATORS KOREA CO LTD

 

N/A

-

100%

-

 KONE PENSION TRUSTEES LI...

 

01493598

31.12.2011

100%

-

 KONEMATIC HOLDINGS LIMITED

 

04097474

31.12.2011

100%

-

 KONEMATIC LIMITED

 

03048963

31.12.2011

100%

-

 KONE BOLTON BRADY LI...

 

02733701

31.12.2011

100%

-

 UK LIFT (HOLDINGS) LTD

 

N/A

-

100%

-

 THE UK LIFT COMPANY LTD

 

N/A

-

100%

-

 KONE PORTUGAL - ELEVADORES...

 

N/A

-

100%

-

 KONE FUNCHALIFT LDA

 

N/A

-

100%

-

 KONE RULLETRAPPER AS

 

988592471

31.12.2011

100%

11 270 KNOK

 KONE

 

592052302

31.12.2011

100%

€497 595 116

 KONE SDN. BHD.

 

N/A

-

100%

-

 KONE SDN. BHD.

 

N/A

-

100%

-

 KONE SDN. BHD.

 

N/A

-

100%

-

 KONE SRO

 

N/A

-

100%

-

 KONE SSC SRO

 

N/A

-

100%

-

 KONE INDUSTRIES B.V.

 

27277999

-

70%

-

 KONE TELC INDUSTRIES CO LTD

 

N/A

-

70%

-

 KONE THAI LIFT

 

N/A

-

84%

-

 KONE VIETNAM LLC

 

N/A

-

100%

-

 KONEMATIC INC

 

US12840564

-

100%

-

 KREM

 

US22554448

-

100%

$32 500 000

 LAM LOMBARDA ASCENSORI MON...

 

N/A

-

70%

-

 LIFTEN E. THIERY NV

 

N/A

-

100%

-

 LUMICO S.ÀR.L.

 

B138491

31.12.2011

100%

-

 LÖDIGE AUFZUGSTECHNIK GMBH

 

HRB 3571

31.12.2010

85%

-

 LÖDIGE AUFZUGSTECHNIK GMBH

 

HRB 3571

31.12.2010

85%

-

 LÖDIGE AUFZÜGE GMBH

 

HRB 9040

31.12.2010

85%

-

 LÖDIGE AUFZÜGE GMBH

 

HRB 9040

31.12.2010

85%

-

 MAINTENANCE ET DEPANNAGE D...

 

N/A

-

100%

-

 MARINE ELEVATORS LLC

 

US08528017

-

100%

-

 MARVI ARAGON 2000

 

740203

31.12.2010

100%

€3 820 749

 MARVI ELEVADORES

 

276243

31.12.2010

100%

€9 324 240

 MARVI LEVANTE

 

56902

31.12.2010

100%

€8 993 379

 NEULIFT SRL

 

N/A

-

100%

-

 TOSCA ASCENSORI SRL

 

N/A

-

67%

-

 OAO RSU-6

 

N/A

-

100%

-

 OAO RSU-6

 

N/A

-

100%

-

 OAO RSU-6

 

N/A

-

100%

-

 OLYMPUS ELEVATOR PRIVATE LTD

 

N/A

-

100%

-

 OOO EKOLIFT

 

N/A

-

100%

-

 OOO EKOLIFT

 

N/A

-

100%

-

 OOO EKOLIFT

 

N/A

-

100%

-

 OOO KONE LIFTS

 

N/A

-

100%

-

 OOO KONE LIFTS

 

N/A

-

100%

-

 OOO KONE LIFTS

 

N/A

-

100%

-

 OY TUOTE-LEASING LTD.

 

01153893

31.12.2008

100%

€1 390 000

 PREMIER ELEVATORS SDN. BHD.

 

N/A

-

100%

-

 PREMIER ELEVATORS SDN. BHD.

 

N/A

-

100%

-

 PREMIER ELEVATORS SDN. BHD.

 

N/A

-

100%

-

 PT KONE INDO ELEVATOR

 

N/A

-

100%

-

 PT KONE INDO ELEVATOR

 

N/A

-

100%

-

 RECOLIFT SA

 

6226946

-

100%

-

 RUMAN SRL

 

N/A

-

100%

-

 SERVICE PROFESSIONNEL D'AS...

 

N/A

-

100%

-

 SERVICE PROFESSIONNEL D'AS...

 

N/A

-

100%

-

 STM

 

N/A

-

100%

-

 TECNOCRAM - S.R.L.

 

RM962658

-

80%

€1 749 598

 THAI ELEVATORS & ESCALATOR...

 

N/A

-

100%

-

 UAB KONE LIFTS

 

N/A

-

100%

-

 UAB KONE LIFTS

 

N/A

-

100%

-

 UPPSALA HISS AB

 

N/A

-

100%

-

 VTP-TRACTORES S.A.

 

N/A

-

99%

-

 WGQ TRADING COMPANY

 

N/A

-

100%

-

 ZAO KONE LIFTS MOSCOW

 

N/A

-

100%

-

 ZAO KONE LIFTS MOSCOW

 

N/A

-

100%

-

 ZAO KONE LIFTS MOSCOW

 

N/A

-

100%

-

 

Linked Companies

 

NAME

 

NUMBER

LATEST KEY FINANCIALS

TURNOVER

KONE PUBLIC LIMITED COMPANY

 

01372978

31.12.2011

£214 755 000

KONE INVEST AB

 

5563329415

31.12.2008

884 KSEK

MINGOT S.R.L.

 

TS101773

-

€1 550 058

EVIN

 

432345619

31.12.2011

-

ELEVANT SERVIZI S.R.L.

 

LE223481

-

€1 527 622

BIDDLE HOLDINGS LIMITED

 

00433221

31.12.2006

-

NEULIFT SERVICE MOLISE SOCIETA' A RESPONSABILITA' LIMITATA O IN FORMA ABBREVIATA NEULIFT SERVICE MOLISE S.R.L.

 

CB101597

-

€785 834

UK LIFT (HOLDINGS) LIMITED

 

02307371

31.12.2011

-

ASCENSEURS TECHNOLOGIE SERRURERIE

 

313402083

31.12.2011

€19 537 071

HAGES - AUFZÜGE GMBH & CO. KOMMANDITGESELLSCHAFT

 

HRA 45

31.12.2011

-

NEULIFT S.R.L. COMPAGNIA ITALOSVIZZERA ASCENSORI

 

MB1499143

-

€5 334 108

KONE GMBH

 

HRB 57225

31.12.2011

€269 458 579

ENGLER & HARING GMBH

 

HRB 27099 B

31.12.2010

-

GIS KONE DEUTSCHLAND GMBH

 

HRB 62632

31.12.2009

-

UPPSALA HISS MONTAGE OCH EL AB

 

5565796272

30.04.2012

70 031 KSEK

G & G LIFTSERVICE B.V.

 

37070334

31.12.2012

-

KNEBV INCENTIVE OY

 

20043630

31.12.2009

€3 168 000

KONE RULLTRAPPOR AKTIEBOLAG

 

5560816620

31.12.2009

64 768 KSEK

WASA HISSVÅRD AB

 

5566822770

31.12.2008

32 KSEK

KONE METRO AB

 

5567902738

31.12.2012

35 774 KSEK

TOSCA ASCENSORI S.R.L.

 

LO1448074

-

€2 011 512

L.A.M. LOMBARDA ASCENSORI MONTACARICHI SRL

 

MI1322428

-

€1 175 400

NEULIFT SERVICE LOMBARDIA S.R.L.

 

MB1859795

-

€1 789 602

NEULIFT SERVICE PIEMONTE S.R.L.

 

TO961355

-

€308 767

LIFT MAINTENANCE LIMITED

 

SC055628

15.11.2011

£5 835 804

ACRE LIFTS LIMITED

 

02707590

31.03.2012

£5 905 368

WALDOOR UK LTD

 

03998438

31.12.2003

-

KONE LIFTS LTD

 

00154254

31.12.2006

-

BENNIE LIFTS LIMITED

 

00283677

31.12.2006

-

O & K ESCALATORS LIMITED

 

00461601

31.12.2007

-

CABLE LIFT INSTALLATIONS LIMITED

 

01308693

31.12.2006

-

U.K. LIFT COMPANY LIMITED(THE)

 

01397101

31.12.2011

-

KONE ESCALATORS LIMITED

 

01465782

31.12.2006

-

KONEPART LIMITED

 

02648787

31.12.2006

-

KONE OYJ

 

01101399

-

-

BORGA-BIJSTEDE GEVELONDERHOUDSINSTALLATIES B.V.

 

08029850

-

-

AMC ADVANCED MANAGEMENT CONSULTING OY

 

10174354

31.12.2008

€69 720 000

ASCENSORES MOVER

 

1250815

-

-

HOPMANN LIFTSERVICE B.V.

 

14030606

-

-

KONE ELEVATOR HOLDING OY

 

20291626

-

-

LTF LIFTEN B.V.

 

30057588

-

-

WALDOOR B.V.

 

30182156

-

-

KONE SHARED SERVICES CENTRE B.V.

 

34209949

-

-

MANDOOR-KONE SA

 

404667865

31.12.2011

€1 176 984

KONE INTERNATIONAL NV

 

444307015

31.12.2011

€15 751 342

KONE MARKUS B.V.

 

54590248

-

-

HERBERT ACKER AUFZUGBAU GMBH

 

HRB 107916

-

-

KONE AUFZUG GMBH & CO. KG

 

HRA 25632

-

-

KONE SERVICE GMBH

 

HRB 53987 B

-

-

NEWS WATCH CHANNEL 15

 

US06282737

-

$55 000

WHAS

 

US11165725

-

$13 955 000

RESPONSE ELEVATOR CO INC

 

US11219820

-

-

KONE INC

 

US13753448

-

-

NORTHWEST CABLE NEWS INC

 

US13891134

-

$6 895 000

EAGLE ELEVATOR CORP

 

US14358355

-

$2 500 000

ASCENT ELEVATOR SERVICES OF SOUTHERN CALIFORNIA, INC

 

US15227715

-

-

TEXAS CABLE NEWS

 

US15832875

-

$6 100 000

WFAA-TV

 

US15967146

-

-

STERLING MACHINERY INC

 

US16469956

-

$5 900 000

KMOV-TV, INC

 

US16602493

-

-

KTTU-TV, INC

 

US16652979

-

-

KMSB-TV, INC

 

US16697905

-

$4 800 000

KASW-TV, INC

 

US16806412

-

$3 330 000

WWL-TV, INC

 

US17477855

-

$1 340 000

LONG ELEVATOR & MACHINE CO

 

US17499539

-

$7 500 000

WFAA HOLDINGS, INC

 

US18532684

-

-

MOLINE ACCESSORIES CORP

 

US18569785

-

-

KTVK, INC

 

US18574505

-

-

BELO MANAGEMENT SERVICES INC

 

US19050096

-

-

KENS-TV

 

US21367381

-

$17 806 000

BELO KENTUCKY INC

 

US21695523

-

-

KVUE-TV

 

US21726121

-

$1 340 000

KHOU-TV, INC

 

US21800745

-

-

BELO CORP

 

US22145318

-

$650 142 000

RELIANT ELEVATOR CO

 

US22207122

-

$3 059 000

KTVB

 

US22436872

-

$19 560 000

A LIFT ELEVATOR CO

 

US22477221

-

$500 000

KSKN TELEVISION, INC

 

US22557375

-

$5 740 000

KHOU HOLDINGS, INC

 

US22589036

-

-

KONG-TV, INC

 

US22936928

-

$8 086 000

QUALITY ELEVATOR SALES AND SERVICE, INC

 

US23479580

-

-

KONE INC - SERVICE CENTER

 

US24045222

-

-

ACCURATE ELEVATOR INSPECTIONS SERVICES

 

US24334818

-

-

WUPL TV

 

US29202110

-

-

KING TV

 

US29505015

-

-

VIRGINIA ELEVATOR CO INC

 

US42729318

-

$10 000 000

BELO CAPITAL BUREAU

 

US42745799

-

$5 000 000

APEX ELEVATOR CORP

 

US44055821

-

-

WCNC-TV, INC

 

US46655737

-

$618 000

WVEC-TELEVISION, INC

 

US46689082

-

-

AS KANDUR

 

-

-

-

ASCENSORES TECAS

 

-

-

-

BEN FUNG ELEVATORS TAIWAN LTD

 

-

-

-

BEN FUNG MACHINERIES & ENGINEERING LIMITED

 

-

-

-

BLEASDALE LTD

 

-

-

-

CENTRAL ELEVATOR SERVICES LTD

 

-

-

-

ELEVATORS PHILIPPINES CONSTRUCTION INC

 

-

-

-

ENOK ELECTRICAL COMPANY LLC

 

-

-

-

FEIN BLANKING SDN. BHD

 

-

-

-

FINESCAL LTD

 

-

-

-

FUJI LIFT & ESCALATOR MANUFACTURING SDN. BHD.

 

-

-

-

FUJI LIFT & ESCALATOR SDN. BHD

 

-

-

-

GIANT KONE ELEVATOR CO. LTD

 

-

-

-

HAGES VERWALTUNGS GMBH

 

-

-

-

HAGES-AUFZÜGE GMBH & CO. KG. DÜREN

 

-

-

-

HOPMANN LIFTEN NEDERLAND B.V

 

-

-

-

INDUSMAR S.A

 

-

-

-

KONE A/S

 

-

-

-

KONE AG

 

-

-

-

KONE AKSJESELSKAP

 

-

-

-

KONE AREECO LIMITED

 

-

-

-

KONE AS

 

-

-

-

KONE ASANSÖR SANAYI VE TICARET AS

 

-

-

-

KONE ASCENSORUL

 

-

-

-

KONE CANADA INC

 

-

-

-

KONE D.O.O.

 

-

-

-

KONE DZWIGI I CHODNIKI RUCHOME SP. Z.O.O

 

-

-

-

KONE EHF

 

-

-

-

KONE ELEVATOR HK LTD

 

-

-

-

KONE ELEVATOR INDIA PRIVATE LIMITED

 

-

-

-

KONE ELEVATOR M SDN. BHD

 

-

-

-

KONE ELEVATOR MACAU LIMITED

 

-

-

-

KONE ELEVATORS CO. LTD

 

-

-

-

KONE ELEVATORS CYPRUS LIMITED

 

-

-

-

KONE ELEVATORS EMPL. BENEFITS PTY LIMITED

 

-

-

-

KONE ELEVATORS FINLAND

 

-

-

-

KONE ELEVATORS INTERNATIONAL CHINA LIMITED

 

-

-

-

KONE ELEVATORS KOREA CO. LTD

 

-

-

-

KONE ELEVATORS PTY LTD

 

-

-

-

KONE ELEVATORS QATAR LLC

 

-

-

-

KONE ELEVATORS SOUTH AFRICA PTY LTD

 

-

-

-

KONE ELEVATORS TAIWAN CO. LTD

 

-

-

-

KONE FELVONÓ KFT

 

-

-

-

KONE FUNCHALIFT LDA

 

-

-

-

KONE HOLDINGS AUSTRALIA LIMITED

 

-

-

-

KONE HOLDINGS CANADA INC

 

-

-

-

KONE HOLDINGS INC

 

-

-

-

KONE INC

 

-

-

-

KONE INC

 

-

-

-

KONE INDUSTRIAL KONCERN S.R.O.

 

-

-

-

KONE INDUSTRIAL S.A DE C.V

 

-

-

-

KONE INDUSTRIAL SERVICIOS S.A DE C.V

 

-

-

-

KONE INVESTITION GMBH

 

-

-

-

KONE JAPAN CO. LTD

 

-

-

-

KONE LFTS LLC

 

-

-

-

KONE MEXICO S.A. DE C.V

 

-

-

-

KONE MIDDLE EAST LLC

 

-

-

-

KONE PLC

 

-

-

-

KONE PORTUGAL ELEVADORES LDA

 

-

-

-

KONE PTE LTD

 

-

-

-

KONE S.R.O

 

-

-

-

KONE SA

 

-

-

-

KONE SCHWEIZ AG

 

-

-

-

KONE SDN. BHD

 

-

-

-

KONE SP.Z O.O

 

-

-

-

KONE SSC S.R.O.

 

-

-

-

KONE TELC INDUSTRIES CO. LTD

 

-

-

-

KONE THAI LIFT PUBLIC COMPANY LIMITED

 

-

-

-

KONE ZACHOD SP. Z O.O

 

-

-

-

KONEMATIC GMBH

 

-

-

-

KPI ELEVATORS INC

 

-

-

-

KREM INC

 

-

-

-

KSM GMBH

 

-

-

-

KUNSHAN VATAPLE-KONE ESCALATOR EQUIPMENT CO. LTD

 

-

-

-

MIRO ELEVATORS LIMITED

 

-

-

-

NANJING LIAN AO ELEVATOR ENGINEERING CO. LTD

 

-

-

-

NEULIFT S.R.L

 

-

-

-

OLYMPUS ELEVATOR PRIVATE LIMITED

 

-

-

-

OOO EKOLIFT

 

-

-

-

OOO KONE LIFT ST. PETERSBURG

 

-

-

-

OOO KONE LIFTS

 

-

-

-

OOO LIFT RSU-5

 

-

-

-

OY TUOTE-LEASING LTD

 

-

-

-

OÜ PÄRNU LIFT

 

-

-

-

PREMIER ELEVATORS SDN. BHD

 

-

-

-

PT. KONE INDO ELEVATOR

 

-

-

-

RIGONZA S.A

 

-

-

-

RUMAN SRL

 

-

-

-

SERVICE PROFESSIONNELS D'ASCENSEURS SPA INC

 

-

-

-

SERVIPARKING S.L

 

-

-

-

SIA KONE LIFTI LATVIJA

 

-

-

-

THAI ELEVATORS & ESCALATORS LTD

 

-

-

-

THAI ELEVATORS HOLDING LTD

 

-

-

-

TOSCA ASCENSORI S.R.L

 

-

-

-

UAB ELEKTROS PAVARA IR KO

 

-

-

-

UAB UNIKALI IDEJA

 

-

-

-

UK LIFT LTD

 

-

-

-

VTP-TRACTORES S.A

 

-

-

-

VYTAHY SLAVÍK SPOL. S.R.O

 

-

-

-

WALDOOR POLSKA SP.Z.O.O

 

-

-

-

WALDOOR S.R.O

 

-

-

-

ZAO KONE LIFTS MOSCOW

 

-

-

-

ZAO KONE LIFTS ST. PETERSBURG

 

-

-

-

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.55.61

UK Pound

1

Rs.83.98

Euro

1

Rs.71.94

 

INFORMATION DETAILS

 

Report Prepared by :

MNL

 

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.