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Report Date : |
19.09.2013 |
IDENTIFICATION DETAILS
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Name : |
RUUKKI STAINLESS STEEL & ALUMINIUM |
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Registered Office : |
Suolakivenkatu 1, HELSINKI 00810 |
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Country : |
Finland |
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Date of Incorporation : |
17.02.2011 |
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Com. Reg. No.: |
23894430 |
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Legal Form : |
Limited company |
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Line of Business : |
Manufacture of basic iron and steel and of ferro-alloys |
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No. of Employees : |
88 |
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 : |
Unknown |
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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 |
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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 RUUKKI STAINLESS
STEEL & ALUMINIUM
Company Registration Number 23894430
Country FI
Number FI03090751
Activity Code 24100
Activity Description Manufacture of basic
iron and steel and of ferro-alloys
Company Status Active
Latest Turnover 63,929,000.00
(EUR)
Activities
Activity Code 24100
Activity Description Manufacture of
basic iron and steel and of ferro-alloys
Company Name Ruukki Stainless
Steel & Aluminium Oy
Registered Company Name Ruukki Stainless
Steel & Aluminium Oy
Company Registration Number 23894430
Country FI
VAT Registration Number 23894430
VAT Registration Date 01/03/2011
Date of Company Registration 17/02/2011
Date of Starting Operations 17/02/2011
Commercial Court Legal Form Limited company
Type of Ownership Company Status Active
Principal Activity Code 24100
Principal Activity Description Manufacture of
basic iron and steel and of ferro-alloys
Contact Address Suolakivenkatu 1,
HELSINKI 00810
Contact Telephone Number 0205911
Address Suolakivenkatu 1,
HELSINKI 00810
Country FI
Telephone 0205911
Other Addresses
Address Suolakivenkatu 1,
HELSINKI 00810
Address HELSINKI 00811
Current Directors Managers
Name Tanskanen Pia
Maarit
Date of Birth 07/04/1969
Position Actual Member of
Board
Date Appointed 28/11/2012
Name Honkasalo Markku
Juhani
Date of Birth 22/09/1964
Position Actual Member of
Board
Date Appointed 28/11/2012
Name Huhtala Juha Olavi
Date of Birth 05/02/1962
Position Managing director
Date Appointed 17/02/2011
Name Tamminen Veikko
Sakari
Date of Birth 18/12/1953
Position Chairman of Board
Date Appointed 28/11/2012
Name Ruokonen Vesa
Johannes
Date of Birth 25/04/1972
Position Actual Member of
Board
Date Appointed 28/11/2012
Issued Share capital 1,002,500.00 (EUR)
Year 2011
Number of Employees 88
Profit & Loss
Financial Year 2011
Number of Weeks 0
Currency EUR
Balance Sheet
Financial Year 2011
Number of Weeks 0
Currency EUR
Total Assets 33,046,000.00
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.14 |
|
|
1 |
Rs.100.48 |
|
Euro |
1 |
Rs.84.37 |
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 |
|
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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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.