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Report Date : |
08.10.2013 |
IDENTIFICATION DETAILS
|
Name : |
MOVENTAS GEARS OY |
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|
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Registered Office : |
Vesangantie 1, Jyväskylä 40100 |
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|
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Country : |
Finland |
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Financials (as on) : |
2011 |
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Date of Incorporation : |
31.12.2006 |
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Com. Reg. No.: |
20447264 |
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Legal Form : |
Limited Company |
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Line of Business : |
Manufacture of bearings, gears, gearing and driving elements |
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No. of Employees : |
462 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
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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
|
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 MOVENTAS GEARS OY
Company Registration Number 20447264
Country FI
Number FI03184302
Activity Code 28150
Activity Description Manufacture of
bearings, gears, gearing and driving elements
Company Status Active
Latest Turnover 69,647,000.00
(EUR)
Activities
Activity Code 28150
Activity Description Manufacture of
bearings, gears, gearing and driving elements
Previous Name Moventas Finland
Oy
Company Name Moventas Gears Oy
Registered Company Name Moventas Gears Oy
Company Registration Number 20447264
Country FI
VAT Registration Number 20447264
VAT Registration Date 01/01/2007
Date of Company Registration 31/12/2006
Date of Starting Operations 31/12/2006
Commercial Court Legal Form Limited Company
Type of Ownership Company Status Active
Principal Activity Code 28150
Principal Activity Description Manufacture of
bearings, gears, gearing and driving elements
Contact Address Vesangantie 1,
JYVÄSKYLÄ 40100
Contact Telephone Number 0201847000
Address Vesangantie 1,
JYVÄSKYLÄ 40100
Country
FI
Telephone 0201847000
Other Addresses
Address Vesangantie 1,
JYVÄSKYLÄ 40700
Address JYVÄSKYLÄ 40101
Web Addresses
www.moventas.com
Name Laine Mikael Eino
Pekka
Date of Birth 11/06/1964
Position Actual Member of
Board
Date Appointed 27/08/2013
Name McColl James Allan
Date of Birth 22/12/1951
Position Chairman of Board
Date Appointed 27/08/2013
Name McColl James Allan
Date of Birth 22/12/1951
Position Chairman of Board
Date Appointed 27/08/2013
Name Stewart Alexander
Date of Birth 08/09/1958
Position Actual
Member of Board
Date Appointed 27/08/2013
Name Mccallum Gavin
John
Date of Birth 15/08/1972
Position Actual Member of
Board
Date Appointed 27/08/2013
Name Viitala Mikko
Justus
Date of Birth 11/06/1974
Position Actual Member of
Board
Date Appointed 27/08/2013
Name Laine Mikael Eino
Pekka
Date of Birth 11/06/1964
Position Managing director
Date Appointed 21/03/2012
Name Oksanen Miika
Joakim
Date of Birth 07/04/1972
Position Actual Member of
Board
Date Appointed 27/08/2013
Name Stewart Alexander
Date of Birth 08/09/1958
Position Actual Member of
Board
Date Appointed 27/08/2013
Name Mccallum Gavin
John
Date of Birth 15/08/1972
Position Actual Member of
Board
Date Appointed 27/08/2013
Issued Share capital 4,000,000.00 (EUR)
Year 2011
Number of Employees 462
Year 2010
Number of Employees 518
Year 2009
Number of Employees 621
Year 2008
Number of Employees 321
Profit & Loss
Financial Year 2011 2010
2009
Number of Weeks 52 52 52
Currency EUR EUR EUR
Revenue 69,647,000.00 102,668,000.00 125,509,000.00
Profit After Tax -25,248,000.00 -22,296,000.00 -7,058,000.00
Balance Sheet
Financial Year 2011 2010 2009
Number of Weeks 52 52 52
Currency EUR EUR EUR
Total Assets 84,912,000.00 178,634,290.00 205,611,000.00
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.78 |
|
|
1 |
Rs.99.06 |
|
Euro |
1 |
Rs.83.84 |
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.