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Report Date : |
07.11.2013 |
IDENTIFICATION DETAILS
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Name : |
SEPPALA OY |
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Registered Office : |
Tikkurilantie 146 |
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Country : |
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Financials (as on) : |
01.12.2012 |
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Date of Incorporation : |
1976 |
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Com. Reg. No.: |
01138757 |
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Legal Form : |
Private Subsidiary |
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Line of Business : |
Subject is engaged in retail of clothing |
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No. of Employees : |
635 |
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 – March 31st, 2013
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Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
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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 |
Source
: CIA
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SEPPALA OY |
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Retail of clothing |
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Industry |
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ANZSIC 2006: |
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ISIC Rev 4: |
4771 - Retail sale of clothing, footwear and leather articles in specialized stores |
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NACE Rev 2: |
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NAICS 2012: |
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US SIC 1987: |
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Registered No.(FIN): 01138757
1 - Profit & Loss Item Exchange Rate: USD 1 = EUR
0.7779654
2 - Balance Sheet Item Exchange Rate: USD 1 = EUR 0.772118
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Company Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
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Parent |
|
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Department Stores |
2,719.5 |
14,678 |
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Division |
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Department Stores |
|
6,000 |
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Subsidiary |
|
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Clothing and Apparel Stores |
119.8 |
635 |
|
|
Subsidiary |
Göteborg |
|
Department Stores |
385.1 |
400 |
|
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Subsidiary |
|
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Clothing and Apparel Manufacturing |
146.7 |
953 |
|
|
Subsidiary |
|
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Department Stores |
95.2 |
497 |
|
|
Subsidiary |
Praha 1 |
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Clothing and Apparel Stores |
7.1 |
150 |
|
|
Subsidiary |
|
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Clothing and Apparel Stores |
|
38 |
|
|
Subsidiary |
Kwun Tong, |
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Clothing and Apparel Wholesale |
46.7 |
13 |
|
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Subsidiary |
Köln, Nordrhein-Westfalen |
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Clothing and Apparel Wholesale |
|
|
|
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Subsidiary |
|
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Department Stores |
|
400 |
|
|
Subsidiary |
|
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Department Stores |
|
250 |
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Subsidiary |
|
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Clothing and Apparel Wholesale |
|
180 |
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Subsidiary |
|
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Clothing and Apparel Stores |
28.7 |
176 |
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Division |
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Sporting Goods and Recreation Stores |
|
150 |
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Branch |
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Department Stores |
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10 |
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Subsidiary |
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Holding Companies |
0.2 |
1 |
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Subsidiary |
|
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Department Stores |
441.7 |
1,420 |
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Subsidiary |
|
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Real Estate Agents and Brokers |
30.6 |
372 |
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Subsidiary |
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Department Stores |
71.5 |
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Subsidiary |
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Commercial and Industrial Rental |
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Subsidiary |
|
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Clothing and Apparel Stores |
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Subsidiary |
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Clothing and Apparel Stores |
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01-Dec-2012 |
01-Dec-2011 |
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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) |
0.777965 |
0.718922 |
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Consolidated |
No |
No |
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Total income |
119.8 |
130.2 |
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Cost of goods sold |
43.2 |
59.9 |
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Other operating costs |
37.5 |
39.5 |
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Total operating costs |
105.7 |
126.5 |
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Interest received from loans |
0.1 |
0.1 |
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Profit before tax |
0.4 |
0.4 |
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Total taxation |
0.0 |
0.1 |
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Income before depreciation |
6.1 |
10.2 |
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Depreciation |
1.5 |
1.6 |
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Profit before financial items |
4.6 |
8.6 |
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Other financial expenses |
0.3 |
0.6 |
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Income/profit after financial items |
4.5 |
8.0 |
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Extraordinary items |
4.1 |
7.7 |
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Income before allocations |
0.0 |
0.3 |
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Net income |
0.1 |
0.3 |
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Annual Balance Sheet |
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Financials in: USD (mil) |
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01-Dec-2012 |
01-Dec-2011 |
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Filed Currency |
EUR |
EUR |
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Exchange Rate |
0.772118 |
0.74239 |
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Consolidated |
No |
No |
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Issued capital |
6.5 |
6.8 |
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Untaxed/reserves allocations |
0.2 |
0.0 |
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Non restricted equity |
11.3 |
11.6 |
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Total stockholders equity |
17.9 |
18.4 |
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Total long-term liabilities |
- |
5.4 |
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Trade creditors |
8.5 |
9.3 |
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Other current liabilities |
17.0 |
20.9 |
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Total current liabilities |
25.5 |
35.6 |
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Machinery and tools |
2.5 |
2.0 |
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Depreciable assets |
5.2 |
4.8 |
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Total non-current assets |
15.5 |
18.7 |
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Stocks |
18.1 |
23.0 |
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Trade debtors |
7.2 |
8.3 |
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Cash and liquid assets |
2.7 |
4.1 |
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Short-term investments |
0.2 |
0.3 |
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Shares in associated companies |
0.2 |
0.3 |
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Total current assets |
28.0 |
35.4 |
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Total assets |
43.5 |
54.1 |
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Annual Ratios |
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Financials in: USD (mil) |
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|
01-Dec-2012 |
01-Dec-2011 |
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Period Length |
12 Months |
12 Months |
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Filed Currency |
EUR |
EUR |
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Exchange Rate |
0.772118 |
0.74239 |
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Consolidated |
No |
No |
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|
|
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Current ratio |
1.50 |
1.60 |
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Quick ratio |
0.80 |
0.90 |
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Asset turnover |
0.03% |
0.02% |
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Profit margin |
0.04% |
0.06% |
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Equity ratio |
0.41% |
0.34% |
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Interest on liabilities |
0.02% |
- |
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Risk margin |
139.59% |
137.18% |
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Net worth |
17.9 |
18.4 |
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Number of employees |
902 |
909 |
FOREIGN EXCHANGE RATES
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Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.92 |
|
|
1 |
Rs.99.60 |
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Euro |
1 |
Rs.83.64 |
INFORMATION DETAILS
|
Report
Prepared by : |
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RATING EXPLANATIONS
|
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 |
-- |
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%)