MIRA INFORM REPORT
|
Report Date : |
22.02.2014 |
IDENTIFICATION DETAILS
|
Name : |
KOIVUPUISTO OY |
|
|
|
|
Formerly Known as: |
Koivupuiston Tekstiilitukku Oy |
|
|
|
|
Registered Office : |
Tuottajantie 17, 60100, Seinäjoki |
|
|
|
|
Country : |
Finland |
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
04.02.1972 |
|
|
|
|
Legal Form : |
Limited Company |
|
|
|
|
Line of Business : |
Wholesaler of clothing and footwear |
|
|
|
|
No. of Employees : |
07 (31.12.2012) |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow |
|
|
|
|
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 – december 01, 2013
|
Country Name |
Previous Rating (30.09.2013) |
Current Rating (01.12.2013) |
|
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
summary
|
Trading Name |
Koivupuisto Oy Valmisvaatteiden ja
Kodintekstiilien Tukkukauppa |
Trade Registry
Number |
210650 |
|
Company Name |
Koivupuisto Oy |
Business ID |
01820449 |
|
Previous Name |
Koivupuiston Tekstiilitukku Oy |
|
|
|
Telephone Number |
064144526 |
Registered Address |
---- |
|
Fax Number |
064144525 |
Visiting Address |
Tuottajantie 17, 60100, SEINÄJOKI |
|
Home Municipality |
Seinäjoki |
Postal Address |
-, -, - |
|
Incorporation Date |
04.02.1972 |
Branches |
1 |
|
Company Type |
Limited company |
Website Address |
|
|
Primary Sic Code |
46421 |
Accountant |
PricewaterhouseCoopers Oy |
|
Primary Sic
Description |
Wholesale of clothing and footwear |
Last Accounts Date |
31.12.2011 |
|
Share Capital (€) |
18.000 |
Holding Company |
|
|
Deals in importing |
Yes |
Foreign Ownership |
|
|
Deals in exporting |
No |
Currency |
EUR |
Key
Financials (€)
|
Year |
31.12.2012 |
% |
31.12.2011 |
% |
31.12.2010 |
||
|
Number of weeks |
52 |
52 |
52 |
||||
|
Turnover |
2.725.717 |
-10% |
3.016.614 |
-4% |
3.145.130 |
||
|
Operating Profit/Loss |
26.803 |
-90% |
260.296 |
-37% |
416.389 |
||
|
Profit/Loss after Financial Items |
46.831 |
-84% |
284.249 |
-36% |
442.065 |
||
|
Profit/Loss after tax |
35.308 |
-83% |
210.133 |
-36% |
327.300 |
||
|
Current Assets |
2.349.454 |
-5% |
2.476.304 |
-3% |
2.545.482 |
||
|
Fixed Assets |
13.830 |
-15% |
16.176 |
-16% |
19.202 |
||
|
Long Term Debts |
0 |
- |
0 |
- |
0 |
||
|
Current Liabilities |
208.178 |
8% |
192.681 |
-27% |
263.069 |
||
|
Shareholders Equity |
2.155.106 |
-6% |
2.299.799 |
0% |
2.301.615 |
||
|
Balance sheet total |
2.363.284 |
-5% |
2.492.480 |
-3% |
2.564.684 |
||
|
Number of employees |
7 |
- |
- |
||||
|
Auditor qualification |
The auditor has
no reservations |
The auditor has
no reservations |
The auditor has
no reservations |
Ratios
|
Year |
31.12.2012 |
31.12.2011 |
31.12.2010 |
||||
|
Solvency Ratio |
91% |
92% |
90% |
|
|||
|
Exceptionally
Low Indebtedness |
Exceptionally
Low Indebtedness |
Exceptionally
Low Indebtedness |
|||||
|
Net margin (%) |
2% |
9% |
14% |
||||
|
Interest Coverage Ratio (times) |
22 |
426 |
128 |
||||
|
Gearing (%) |
0% |
0% |
0% |
||||
|
Liquidity Ratio/Acid Test |
8 |
7 |
6 |
||||
|
Risk Buffer (%) |
1% |
11% |
16% |
Shareholder
Information
|
Year |
31.12.2012 |
|
|
Total Value of Shares |
18.000 |
|
|
Number of Shares |
150 |
|
|
Value of Shares |
- |
Registrations
in Force
|
State |
Registration Date |
|
|
Tax Administration |
Registered |
15.03.1978 |
|
Trade Register |
Registered |
04.02.1972 |
|
Employer Register |
Registered |
01.04.1977 |
|
Prepayment Register |
Registered |
01.03.1995 |
|
Value Added Tax-Liability |
VAT-liable for business activity |
01.06.1994 |
Current
Directors
|
Name |
Koivupuisto Mika Tomi Petteri |
||
|
Date of Birth |
08.07.1976 |
Appointment Date |
15.01.2002 |
|
Nationality |
FINLAND |
Function |
Actual Member of Board |
|
Name |
Koivupuisto Hannu Jaakko Tapio |
||
|
Date of Birth |
17.01.1965 |
Appointment Date |
15.01.2002 |
|
Nationality |
FINLAND |
Function |
Chairman of Board |
|
Name |
Koivupuisto Mika Tomi Petteri |
||
|
Date of Birth |
08.07.1976 |
Appointment Date |
15.01.2002 |
|
Nationality |
FINLAND |
Function |
Managing director |
Other
Company Officials
|
Name |
Koivupuisto Hannu Jaakko Tapio |
||
|
Date of Birth |
17.01.1965 |
Appointment Date |
06.10.2000 |
|
Nationality |
FINLAND |
Function |
Procurist |
|
Name |
Koivupuisto Mika Tomi Petteri |
||
|
Date of Birth |
08.07.1976 |
Appointment Date |
06.10.2000 |
|
Nationality |
FINLAND |
Function |
Procurist |
|
Name |
Ulvinen Riitta Talvikki |
||
|
Date of Birth |
24.11.1973 |
Appointment Date |
04.11.2008 |
|
Nationality |
FINLAND |
Function |
Principal accountant |
|
Name |
Koivupuisto-Petäys Nina Hannele |
||
|
Date of Birth |
05.09.1968 |
Appointment Date |
15.01.2002 |
|
Nationality |
FINLAND |
Function |
Alternate Member of Board |
Profit
& Loss (€)
|
OPERATING INCOME |
31.12.2012 |
% |
31.12.2011 |
% |
31.12.2010 |
|||
|
Number of weeks |
52 |
52 |
52 |
|||||
|
Consolidated Accounts |
no |
no |
no |
|||||
|
Sales Revenue |
2.725.717 |
-10% |
3.016.614 |
-4% |
3.145.130 |
|||
|
Other Operating Income |
385 |
-51% |
780 |
- |
0 |
|||
|
Total Operating Income |
2.726.102 |
-10% |
3.017.394 |
-4% |
3.145.130 |
|||
|
Wages & Salaries |
521.027 |
31% |
397.164 |
-17% |
478.480 |
|||
|
Depreciation |
2.345 |
-23% |
3.026 |
-23% |
3.927 |
|||
|
Total Operating Expenses |
2.699.299 |
-2% |
2.757.098 |
1% |
2.728.741 |
|||
|
Operating Profit/Loss |
26.803 |
-90% |
260.296 |
-37% |
416.389 |
|||
|
RESULT FROM FINANCIAL
INVESTMENTS |
||||||||
|
Financial Income |
22.267 |
-10% |
24.622 |
-16% |
29.158 |
|||
|
Financial Expenses |
2.239 |
235% |
669 |
-81% |
3.482 |
|||
|
Total Financial Investments |
20.028 |
-16% |
23.953 |
-7% |
25.676 |
|||
|
Profit/Loss after Financial Items |
46.831 |
-84% |
284.249 |
-36% |
442.065 |
|||
|
Extraordinary Income |
0 |
- |
0 |
- |
0 |
|||
|
Extraordinary Expenses |
0 |
- |
0 |
- |
0 |
|||
|
Profit/Loss Before Tax |
46.832 |
-84% |
284.250 |
-36% |
442.065 |
|||
|
Tax |
11.524 |
-84% |
74.117 |
-35% |
114.765 |
|||
|
Profit/Loss After Tax |
35.308 |
-83% |
210.133 |
-36% |
327.300 |
|||
Balance
Sheet (€)
|
ASSETS |
12.2012 |
% |
12.2011 |
% |
12.2010 |
|||
|
Number of weeks |
52 |
52 |
52 |
|||||
|
Consolidated Accounts |
no |
no |
no |
|||||
|
FIXED ASSETS |
||||||||
|
Intangible Assets |
0 |
- |
0 |
- |
0 |
|||
|
Tangible Assets |
11.045 |
-18% |
13.391 |
-18% |
16.417 |
|||
|
Other Fixed Assets |
2.785 |
0% |
2.785 |
0% |
2.785 |
|||
|
Total Fixed Assets |
13.830 |
-15% |
16.176 |
-16% |
19.202 |
|||
|
CURRENT ASSETS |
||||||||
|
Inventories |
778.148 |
-25% |
1.034.760 |
21% |
852.187 |
|||
|
Trade Receivables |
158.860 |
-28% |
219.583 |
-31% |
316.634 |
|||
|
Other Receivables |
48.283 |
210% |
15.573 |
-58% |
36.855 |
|||
|
Cash & Bank Balances |
1.364.163 |
13% |
1.206.388 |
-10% |
1.339.806 |
|||
|
Other Current Assets |
0 |
- |
0 |
- |
0 |
|||
|
Total Current Assets |
2.349.454 |
-5% |
2.476.304 |
-3% |
2.545.482 |
|||
|
Total Assets |
2.363.284 |
-5% |
2.492.480 |
-3% |
2.564.684 |
|||
Equity
and Liabilities (€)
|
EQUITY |
||||||||
|
Share Capital |
18.000 |
0% |
18.000 |
0% |
18.000 |
|||
|
Share Premium Reserve |
0 |
- |
0 |
- |
0 |
|||
|
Retained Earnings |
2.137.106 |
-6% |
2.281.799 |
0% |
2.283.615 |
|||
|
Other Reserves |
0 |
- |
0 |
- |
0 |
|||
|
Total Equity |
2.155.106 |
-6% |
2.299.799 |
0% |
2.301.615 |
|||
|
LONG TERM LIABILITIES |
||||||||
|
Long Term Liabilities to Financial Institutions |
0 |
- |
0 |
- |
0 |
|||
|
Other Long Term Liabilities Finance |
0 |
- |
0 |
- |
0 |
|||
|
Other Long Term Liabilities |
0 |
- |
0 |
- |
0 |
|||
|
Total Long Term Debts |
0 |
- |
0 |
- |
0 |
|||
|
CURRENT LIABILITIES |
||||||||
|
Trade Payables |
31.694 |
-59% |
77.830 |
20% |
64.699 |
|||
|
Liabilities to Financial Institutions |
0 |
- |
0 |
- |
0 |
|||
|
Other Short Term Financial Loans |
0 |
- |
0 |
- |
0 |
|||
|
Other Short Term Liabilities |
176.484 |
54% |
114.851 |
-42% |
198.370 |
|||
|
Total Current Liabilities |
208.178 |
8% |
192.681 |
-27% |
263.069 |
|||
|
Total Liabilities |
208.178 |
8% |
192.681 |
-27% |
263.069 |
|||
|
Total Equity & Liabilities |
2.363.284 |
-5% |
2.492.480 |
-3% |
2.564.684 |
|||
Other
Financials (€)
|
Working Capital |
2.141.276 |
-6% |
2.283.623 |
0% |
2.282.413 |
|||
|
Net Worth |
2.155.106 |
-6% |
2.299.799 |
0% |
2.301.615 |
Key
Ratios
|
31.12.2012 |
31.12.2011 |
31.12.2010 |
||||||
|
Number of weeks |
52 |
52 |
52 |
|||||
|
Consolidated Accounts |
no |
no |
no |
|||||
|
PROFITABILITY |
||||||||
|
Net Margin % |
1,7% |
9,4% |
14,1% |
|||||
|
Operating Profit/Loss % |
1,0% |
8,6% |
13,2% |
|||||
|
Pre-Tax Profit Margin % |
1,7% |
9,4% |
14,1% |
|||||
|
TRADING PERFORMANCE |
||||||||
|
Return on Net Assets Employed % |
2,2% |
12,4% |
19,2% |
|||||
|
Return on Total Capital % |
2,1% |
11,4% |
17,4% |
|||||
|
Interest Coverage Ratio (times) |
22 |
426 |
128 |
|||||
|
Return on Capital Employed % |
2,2% |
12,4% |
19,2% |
|||||
|
Return on Total Assets Employed % |
2,0% |
11,4% |
17,2% |
|||||
|
Interest on Debt % |
1,1% |
0,4% |
1,3% |
|||||
|
Risk Buffer % |
1,0% |
11,1% |
16,1% |
|||||
|
SHORT TERM LIQUIDITY |
||||||||
|
Liquidity Ratio/Acid Test |
8 |
7 |
6 |
|||||
|
Current Ratio % |
1129,0% |
1285,0% |
968,0% |
|||||
|
Debtor Days |
21 |
27 |
37 |
|||||
|
Working capital |
2.141.276 |
2.283.623 |
2.282.413 |
|||||
|
LONG TERM LIQUIDITY |
||||||||
|
Equity Ratio % |
91,2% |
92,3% |
89,7% |
|||||
|
Gearing % |
0,0% |
0,0% |
0,0% |
|||||
|
Current Debt Ratio |
0 |
0 |
0 |
|||||
|
Total Debt Ratio |
0 |
0 |
0 |
|||||
|
Relative debt % |
7,6% |
6,4% |
8,4% |
|||||
|
BUSINESS MEASURES |
||||||||
|
Change in turnover % |
-9,6% |
-4,1% |
- |
|||||
|
Turnover/employees |
389388 |
- |
- |
|||||
|
Sales/Net Working Capital |
1 |
1 |
1 |
|||||
|
Stock Turnover Ratio % |
28,6% |
34,3% |
27,1% |
|||||
|
Creditor Days |
4 |
9 |
8 |
|||||
|
Equity in Percentage % |
91,3% |
92,4% |
89,8% |
|||||
Group
structure
No group structure
Linked
Companies
|
No linked companies |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.16 |
|
UK Pound |
1 |
Rs.103.44 |
|
Euro |
1 |
Rs.85.27 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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.