MIRA INFORM REPORT

 

 

Report Date :

11.11.2013

 

IDENTIFICATION DETAILS

 

Name :

UPM SALES OY

 

 

Registered Office :

Etelaesplanadi 2, Helsinki 00130

 

 

Country :

Finland

 

 

Financials (as on) :

2012

 

 

Date of Incorporation :

04.10.2011

 

 

Com. Reg. No.:

24305335

 

 

Legal Form :

Limited company

 

 

Line of Business :

As the Biofore company subject’s main raw material is renewable and recyclable wood. Subject’s sustainable and innovative products are sold worldwide.

·      Paper

·      Energy

·      Biofuels

·      Pulp

·      Forest Services

·      Timber

·      Labels

·      Plywood

·      Composites

·      Biobased Chemicals and Additives

 

 

No. of Employees :

249

 

 

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 :

Slow but correct

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 name

 

UPM SALES OY

 

 

Company Summary

 

Company Name            UPM Sales Oy         Company Registration      24305335

Number

 

Country            FI                                          Number   FI03133300

Activity Code    46760                                     Activity Description         Wholesale of other intermediate products

Company Status          Active                       Latest Turnover    4,237,330,777.00 (EUR)

Latest Shareholders  Equity     401,099,961.00 (EUR)

 

 

Company Identification

 

Activities

Activity Code                46760

Activity Description      Wholesale of other intermediate products

 

 

Basic Information

 

Company Name                                    UPM Sales Oy 

Registered Company Name                  UPM Sales Oy

Company Registration Number           24305335         

Country                                                FI

VAT Registration Number                    24305335         

VAT Registration Date                          01/10/2011

Date of Company Registration             04/10/2011       

Date of Starting Operations                 04/10/2011

Legal Form                                           Limited company

Company Status                                  Active

Principal Activity Code                        46760   

Principal Activity Description             Wholesale of other intermediate products

Contact Address                                  Eteläesplanadi 2,   HELSINKI   00130    

Contact Telephone Number                 020415111

 

Main Address

 

Address          Etelaesplanadi 2, Helsinki 00130

Country            FI

Telephone        020415111

 

 

Other Addresses

 

Address          Eteläesplanadi 2,   HELSINKI   00130

Address          HELSINKI  00101

 

 

Current Directors Managers

 

Name                            Latva Sami Matti Tapio

Date of Birth                     25/05/1978

Position                       Actual Member of Board

Date Appointed            23/08/2012

 

Name                            Heikkilä Olli Paavo

Date of Birth                 07/03/1959

Position                       Chairman of Board

Date Appointed            23/08/2012

 

Name                            Wallenius Heikki Ilmari

Date of Birth                 11/09/1960

Position                       Actual Member of Board

Date Appointed            23/08/2012

 

 

Share Capital Structure

 

Issued Share capital    2,500.00 (EUR)

 

 

Employee Information

 

Year

Number of Employees             100-249

 

Financial Statements

 

PROFIT & LOSS

 

Financial Year                          2012

Number of Weeks                    68

Currency                                  EUR

 

 

BALANCE SHEET

 

Financial Year                          2012

Number of Weeks                    68

Currency                                  EUR

Consolidated  Accounts           False

Total Tangible Assets 0.00

Total Intangible Assets            1,493,334.00

Total Other Fixed Assets          0.00

Total Fixed Assets                   1,493,334.00

Total Inventories                      317,128,780.00

Trade Receivables                    774,142,254.00

Miscellaneous  Receivables     53,950,397.00

Total Receivables                     828,092,651.00

Cash                                         202.00

Other Current Assets   0.00

Total Current Assets                1,145,221,633.00

Total Assets                             1,146,714,967.00

Trade Payables                        153,513,828.00

Bank Liabilities                        0.00

Other Loans/Finance                0.00

Miscellaneous  Liabilities         591,986,306.00

Total Current Liabilities           745,500,134.00

Bank Liabilities due

after 1 year                               0.00

Other Loans/Finance    0.00

due after 1 year

Miscellaneous  Liabilities         114,872.00

due after 1 year

Total Long Term Liabilities      114,872.00

Total Liabilities                        745,615,006.00

Called Up Share Capital           2,500.00

Share Premium                        0.00

Revenue Reserves                    1,097,461.00

Other Reserves                         400,000,000.00

Total Shareholders  Equity       401,099,961.00

Other Financials

Working Capital                       399,721,499.00

Net Worth                                 399,606,627.00

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.62.73

UK Pound

1

Rs.100.92

Euro

1

Rs.84.06

 

 

INFORMATION DETAILS

 

Report Prepared by :

NIS

 

 

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.