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Report Date : |
21.04.2014 |
IDENTIFICATION DETAILS
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Name : |
ANITE TELECOMS OY |
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Formerly Known As : |
ELEKTROBIT SYSTEM TEST OY |
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Registered Office : |
Tutkijantie 6, 90590, Oulu |
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Country : |
Finland |
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Financials (as on) : |
31.12.2012 |
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Date of Incorporation : |
15.10.1986 |
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Com. Reg. No.: |
06477192 |
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Legal Form : |
Limited company |
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Line of Business : |
Manufacture of computers and peripheral equipment |
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No. of Employees : |
42 |
RATING & COMMENTS
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MIRAs Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
No complaints |
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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 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
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Finland |
A2 |
A2 |
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Risk Category |
ECGC Classification |
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Insignificant |
A1 |
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Low Risk |
A2 |
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Moderately Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderately High Risk |
C1 |
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High Risk |
C2 |
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Very High Risk |
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, or Sweden. Trade is important, with exports
accounting for over one-third of GDP in recent years. Finland is historically
competitive in manufacturing - principally the wood, metals, engineering,
telecommunications, and electronics industries. Finland excels in export of
technology for mobile phones as well as promotion of startups in the ICT,
gaming, cleantech, and biotechnology sectors. 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, however, continued recession within the
EU dampened the economy in 2012-13. The recession affected general government
finances and the debt ratio, turning previously strong budget surpluses into
deficits, but Finland took action to ensure it that it met the EU deficit
targets in 2013 and retained its triple-A credit rating. Finland's main
challenge will be to stimulate growth while faced with weak export demand in
the EU and its own government austerity measures. Longer-term, Finland must
address a rapidly aging population and decreasing productivity in traditional
industries that threaten competitiveness, fiscal sustainability, and economic
growth.
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Source
: CIA |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.60.38 |
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|
1 |
Rs.101.63 |
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Euro |
1 |
Rs.83.57 |
INFORMATION DETAILS
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Analysis Done by
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SUB |
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Report Prepared
by : |
NNA |
RATING EXPLANATIONS
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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 |
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This score serves as a reference to assess SCs
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.