MIRA INFORM REPORT

 

 

Report Date :

18.06.2014

 

IDENTIFICATION DETAILS

 

Name :

OUTOKUMPU STAINLESS OY

 

 

Formerly Known As:

AVESTAPOLARIT STAINLESS OY 

 

 

Registered Office :

Terästie, 95490, Tornio

 

 

Country :

Finland

 

 

Financials (as on) :

31.12.2013

 

 

Date of Incorporation :

21.11.1990

 

 

Com. Reg. No.:

08233159

 

 

Legal Form :

Limited company

 

 

Line of Business :

Manufacture of basic iron and steel and of ferro-alloys

 

 

No. of Employees

1904

 

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 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 31, 2014

 

Country Name

Previous Rating

(31.12.2013)

Current Rating

(31.03.2014)

Finland

A2

A2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low Risk

 

A2

Moderate Low Risk

 

B1

Moderate Risk

 

B2

Moderate High Risk

 

C1

High Risk

 

C2

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

 

Source : CIA

 

 

 

Company name and address

 

Trading Name

OUTOKUMPU STAINLESS OY TORNION TEHTAAT

Trade Registry Number

500880

 

Company Name

OUTOKUMPU STAINLESS OY

Business ID

08233159

 

Previous Name

AVESTAPOLARIT STAINLESS OY 

 

Telephone Number

0164521

Registered Address

Terästie, 95490, TORNIO

 

Fax Number

016452620

Visiting Address

Terästie, 95490, TORNIO

 

Home Municipality

Tornio

Postal Address

-, -, -

 

Incorporation Date

21.11.1990

Branches

1  

 

Company Type

Limited company

Website Address

 

 

Primary Sic Code

24100

Accountant

KPMG Oy Ab

Primary Sic Description

Manufacture of basic iron and steel and of ferro-alloys

Last Accounts Date

31.12.2012

 

 

Share Capital (€)

78.120.000

Holding Company

 

 

 

Deals in importing

Yes

Foreign Ownership

No

 

 

Deals in exporting

Yes

Currency

EUR

 

 

 

 

DIRECTORS/MANAGEMENT

 

Current Directors

Name

Suurnäkki Matti Antero

 

 

Date of Birth

27.11.1964

Appointment Date

25.06.2013

Nationality

FINLAND

Function

Actual Member of Board

 

Name

Sassi Martti Olavi

 

 

Date of Birth

20.12.1964

Appointment Date

13.03.2013

Nationality

FINLAND

Function

Managing director

 

Name

Seitovirta Mika Ilkka

 

 

Date of Birth

01.01.1962

Appointment Date

25.06.2013

Nationality

FINLAND

Function

Chairman of Board

 

Name

Sanaksenaho Asko Johannes

 

 

Date of Birth

26.08.1959

Appointment Date

25.06.2013

Nationality

FINLAND

Function

Actual Member of Board

 

Name

Keränen Sauli Antero

 

 

Date of Birth

20.05.1957

Appointment Date

25.06.2013

Nationality

FINLAND

Function

Actual Member of Board

 

Name

Suutala Niilo Jaakko

 

 

Date of Birth

03.02.1951

Appointment Date

25.06.2013

Nationality

FINLAND

Function

Actual Member of Board

 

Name

Taskila Jari Pekka

 

 

Date of Birth

14.11.1967

Appointment Date

25.06.2013

Nationality

FINLAND

Function

Actual Member of Board

 

Other Company Officials

Name

Niska Erkki Antero

 

 

Date of Birth

13.05.1961

Appointment Date

14.10.2013

Nationality

FINLAND

Function

Procurist

 

Name

Palosaari Mikko Tapio

 

 

Date of Birth

24.01.1979

Appointment Date

25.06.2013

Nationality

FINLAND

Function

Alternate Member of Board

 

Name

Elf Tarja Helena

 

 

Date of Birth

20.04.1963

Appointment Date

14.10.2013

Nationality

FINLAND

Function

Procurist

 

Name

Seppänen Heikki Tapani

 

 

Date of Birth

15.01.1978

Appointment Date

25.06.2013

Nationality

FINLAND

Function

Alternate Member of Board

 

Name

Koskiniemi Joni Antero

 

 

Date of Birth

27.02.1966

Appointment Date

14.10.2013

Nationality

FINLAND

Function

Procurist

 

Name

Leinonen Risto Juhani

 

 

Date of Birth

27.05.1954

Appointment Date

14.10.2013

Nationality

FINLAND

Function

Procurist

 

Name

Palvi Mauri Juha

 

 

Date of Birth

26.06.1951

Appointment Date

29.06.2006

Nationality

FINLAND

Function

Principal accountant

 

Name

Ylitalo Mikko Juhani

 

 

Date of Birth

15.01.1967

Appointment Date

14.10.2013

Nationality

FINLAND

Function

Procurist

 

Name

Mäki-Jokela Antero Kristian

 

 

Date of Birth

19.08.1980

Appointment Date

25.06.2013

Nationality

FINLAND

Function

Alternate Member of Board

 

Name

Kuronen Aki Tommi Oskari

 

 

Date of Birth

09.02.1970

Appointment Date

14.10.2013

Nationality

FINLAND

Function

Procurist

 

Name

Sillanpää Pertti Kalevi

 

 

Date of Birth

04.11.1957

Appointment Date

25.06.2013

Nationality

FINLAND

Function

Alternate Member of Board

 

Name

Markko Ahti Olavi

 

 

Date of Birth

05.10.1961

Appointment Date

25.06.2013

Nationality

FINLAND

Function

Alternate Member of Board

 

Name

Parkkila Olavi

 

 

Date of Birth

11.04.1960

Appointment Date

25.06.2013

Nationality

FINLAND

Function

Alternate Member of Board

 

 

NEGATIVE INFORMATION

 

No negative information found.

 

 

SHARE & SHARE CAPITAL INFORMATION

 

Shareholder Information

Year

31.12.2013

Total Value of Shares

78.120.000

Number of Shares

42.000.000

Value of Shares

-

 

 

PAYMENT INFORMATION

 

N/a

 

 

GROUP STRUCTURE & AFFILIATED COMPANIES

 

Group structure

Company Name

Registered Number

Latest Key Financials

Percentage Owned

Turnover

OUTOKUMPU OYJ

02152542

31.12.2012

-

€299 772 893

GRANEFORS BRUK AB

5561543405

31.12.2013

100%

234 KSEK

GKAB I VÄSTERÅS AKTIEBOLAG

N/A

-

100%

-

LDM B.V.

N/A

-

100%

-

LDM NONFERRO GMBH

N/A

-

100%

-

ORIJÄRVI OY

01122819

31.12.2011

100%

-

OUTOKUMPU COPPER FABRICATI...

5565793790

31.12.2013

100%

-

OUTOKUMPU COPPER BRASS SA

350719258

31.12.2011

100%

-

OUTOKUMPU HOLDING UK LIM...

N/A

-

100%

-

OUTOKUMPU INDUSTRIUNDERHÅL...

N/A

-

51%

-

OUTOKUMPU ISTANBUL DIS TIC...

N/A

-

100%

-

OUTOKUMPU LDA.

N/A

-

100%

-

OUTOKUMPU METALS OFF-TAKE OY

19431409

31.12.2011

100%

-

OUTOKUMPU MINES, INC.

N/A

-

100%

-

OUTOKUMPU ROSSIJA OY

N/A

-

100%

-

OUTOKUMPU EMEA OY

08233124

31.12.2011

100%

-

OSTP HOLDING OY

24299879

31.12.2012

64%

€3 140 886

OSTP ITALY S.R.L.

N/A

-

100%

-

OSTP SWEDEN AB

5560578592

31.12.2012

100%

969 700 KSEK

AB ÖRNSKÖLDSVIKS MEK...

N/A

-

100%

-

AS OUTOKUMPU STAINLE...

N/A

-

100%

-

OUTOKUMPU ARMETAL ST...

N/A

-

51%

-

OUTOKUMPU STAINLESS...

N/A

-

100%

-

OSTP FINLAND OY AB

17313177

31.12.2012

100%

€114 568 477

SH-TRADE OY

05760455

31.12.2011

100%

€4 993 000

OUTOKUMPU ASIA PACIFIC LTD

N/A

-

100%

-

OUTOKUMPU ASIA PACIFIC...

N/A

-

100%

-

OUTOKUMPU ASIA PACIFIC...

N/A

-

100%

-

OUTOKUMPU ASIA PACIFIC...

N/A

-

100%

-

OUTOKUMPU CHROME OY

07727683

31.12.2011

100%

€227 869 000

OUTOKUMPU INDIA PRIVATE...

N/A

-

100%

-

OUTOKUMPU MIDDLE EAST FZCO

N/A

-

100%

-

OUTOKUMPU SRL

N/A

-

100%

-

OUTOKUMPU STAINLESS AB

5560018748

31.12.2012

100%

10 710 000 KSEK

AVESTA KLIPPCENTER AB

5565098109

31.12.2012

100%

124 540 KSEK

EUROTEC NV

443917233

31.12.2012

100%

-

OUTOKUMPU (PTY) LTD

N/A

-

100%

-

OUTOKUMPU (S.E.A.) PTE...

N/A

-

100%

-

OUTOKUMPU A/S

N/A

-

100%

-

OUTOKUMPU AS

934869028

31.12.2012

100%

45 698 KNOK

OUTOKUMPU BALTIC OÜ

N/A

-

100%

-

OUTOKUMPU BENELUX B.V.

33196410

31.12.2012

100%

-

OUTOKUMPU B.V.

33083900

31.12.2012

100%

€2 624 490

OUTOKUMPU GEBOUWEN B.V.

33202753

31.12.2013

100%

€508 920

OUTOKUMPU PSC BENELU...

09030502

31.12.2012

100%

€22 750 000

OUTOKUMPU BRASIL COMER...

N/A

-

100%

-

OUTOKUMPU PSC FINLAND OY

06480551

31.12.2011

100%

€49 532 000

OUTOKUMPU GES.M.B.H

N/A

-

100%

-

OUTOKUMPU K.K.

N/A

-

100%

-

OUTOKUMPU KFT

N/A

-

100%

-

TRADEMET LIMITED

IE072111

31.12.2012

100%

-

OUTOKUMPU NORDIC AKTIE...

5560691924

31.12.2012

100%

876 591 KSEK

OUTOKUMPU NV

401923656

31.12.2012

100%

€18 115 470

OUTOKUMPU PREFAB AB

5562328897

31.12.2012

100%

92 734 KSEK

OUTOKUMPU PRESS PLATE AB

5560508839

31.12.2012

100%

128 430 KSEK

OUTOKUMPU PTY LTD

N/A

-

100%

-

OUTOKUMPU

290890

31.12.2012

100%

€30 984 000

OUTOKUMPU S.A.S.

N/A

-

100%

-

OUTOKUMPU S.R.O.

N/A

-

100%

-

OUTOKUMPU SP.ZO.O.

N/A

-

100%

-

OUTOKUMPU S.P.A.

MI587936

31.12.2012

100%

€277 849 297

OUTOKUMPU STAINLESS HO...

HRB 4114

31.12.2012

100%

-

THYSSENKRUPP EDELSTA...

HRB 6151

31.12.2012

100%

€265 509 747

OUTOKUMPU PSC GERMAN...

HRB 541182

31.12.2012

100%

€19 194 534

OUTOKUMPU STAINLESS HO...

02721293

31.12.2012

100%

-

AVESTAPOLARIT PENSIO...

04220484

31.12.2012

100%

-

OUTOKUMPU STAINLESS...

02794127

31.12.2012

100%

£565 700 000

SOGEPAR UK LIMITED

01707316

31.12.2012

100%

-

SOGEPAR IRELAND...

IE166859

31.12.2012

100%

-

OUTOKUMPU STAINLESS, INC

US11614627

-

100%

$18 918 000

2843617 CANADA INC

N/A

-

100%

-

OUTOKUMPU STAINLESS...

US20875046

-

100%

$12 500 000

OUTOKUMPU STAINLESS...

N/A

-

100%

-

OUTOKUMPU STAINLESS...

US08217097

-

100%

$36 000

OUTOKUMPU STAINLESS...

US10487580

-

100%

$10 000 000

POLARIT WELDING INC

N/A

-

100%

-

OUTOKUMPU UAB

N/A

-

100%

-

VISENT INVEST AKTIEBOLAG

5560359076

31.12.2012

100%

-

VISENTA FÖRSÄKRINGS AB

N/A

-

100%

-

ZAO OUTOKUMPU

N/A

-

100%

-

OUTOKUMPU STAINLESS OY

08233159

31.12.2012

100%

€2 317 947 605

OUTOKUMPU SHIPPING OY

01933734

31.12.2012

100%

€9 493 618

OUTOKUMPU STAINLESS B.V.

21016484

31.12.2013

100%

€26 738 020

OUTOKUMPU STAINLESS STEE...

N/A

-

100%

-

OUTOKUMPU STAINLESS TRAI...

N/A

-

100%

-

OUTOKUMPU TREASURY BELGIUM SA

892953690

31.12.2013

100%

-

OUTOKUMPU ZINC B.V.

24175160

31.12.2012

100%

-

OUTOKUMPU MINING AUSTRAL...

N/A

-

100%

-

OUTOKUMPU MINING OY

07732845

31.12.2011

100%

€200 000

OUTOKUMPU NICKEL RESOURC...

24280117

31.12.2011

100%

-

OUTOKUMPU ZINC AUSTRALIA...

N/A

-

100%

-

RULLFORMNINGSCENTRUM I FAG...

N/A

-

51%

-

VISCARIA AKTIEBOLAG

5562072891

31.12.2013

100%

-

 

 

Linked Companies

 

Name

Number

Latest Key financials

Turnover

OUTOKUMPU HOLDING NEDERLAND B.V.

 

24271249

31.12.2012

-

VISENTA FÖRSÄKRINGSAKTIEBOLAG

 

5164018680

-

-

ÖMV AB

 

5560809625

31.12.2013

73 239 KSEK

OUTOKUMPU DISTRIBUTION UK LIMITED

 

01569434

31.12.2012

£3 121 517

VDM METALS UK LIMITED

 

00490646

31.12.2012

£690 734

OUTOKUMPU INDUSTRIUNDERHÅLL AB

 

5561830505

31.12.2012

39 819 KSEK

VDM METALS GMBH

 

HRB 5327

31.12.2012

-

RFC RULLFORMNINGSCENTRUM I FAGERSTA AB

 

5567909873

31.12.2011

6 620 KSEK

AMARI IRELAND LIMITED

 

IE042861

31.12.2012

€29 273 805

AVESTAPOLARIT FÖRSÄLJNING AB

 

5565054219

31.12.2012

-

LEE STEEL STRIP LIMITED

 

00453810

31.12.2012

-

AVESTA SHEFFIELD DISTRIBUTION LIMITED

 

00643832

31.12.2012

-

ALLOY & METAL (OVERSEAS) LIMITED

 

00939112

31.12.2012

-

AVESTA-JOHNSON STAINLESS LIMITED

 

01757792

31.12.2012

-

OUTOKUMPU HOLDINGS UK LIMITED

 

02461836

31.12.2012

-

AVESTA SHEFFIELD PRECISION STRIP LIMITED

 

02925979

31.12.2012

-

AVESTA SHEFFIELD TRADING LTD

 

02949795

31.12.2012

-

STAINLESS AUTOMOTIVE COMPONENTS LIMITED

 

03148095

31.12.2012

-

KRUGER IN VEREFFENING BVBA

 

400819242

31.12.2006

-

CONTISTEEL NV

 

412930087

31.12.2008

€28 070 297

AVESTA SHEFFIELD IMMO IN VEREFFENING NV

 

451872322

-

-

OUTOKUMPU STAINLESS AB

 

989462709

-

-

OUTOKUMPU STAINLESS USA, LLC

 

US27774950

-

-

OUTOKUMPU STAINLESS USA LLC

 

US63749489

-

-

OUTOKUMPU STAINLESS COIL, INC

 

US75410615

-

-

 

 

FINANCIAL INFORMATION

 

Key Financials (€)

Year

31.12.2013

%

31.12.2012

%

31.12.2011

%

31.12.2010

Number of weeks

52

 

52

 

52

 

52

Turnover

2.078.337.122

-10%

2.317.947.605

-6%

2.474.168.145

11%

2.220.416.285

Operating Profit/Loss

105.303.812

-

-106.961.524

-

-67.897.573

-

-71.200.997

Profit/Loss after Financial Items

86.701.330

-

-132.933.898

-

-107.864.715

-

-104.354.781

Profit/Loss after tax

86.701.329

-

-130.556.798

-

-56.412.115

-

-38.188.981

Current Assets

598.873.777

-13%

690.549.830

-18%

845.956.068

-16%

1.009.856.026

Fixed Assets

660.744.078

-11%

743.145.484

-9%

819.031.466

-13%

941.775.075

Long Term Debts

315.819.137

-67%

971.226.601

-4%

1.010.700.358

131%

438.273.034

Current Liabilities

805.283.804

75%

459.864.798

-20%

577.758.678

-60%

1.456.374.507

Shareholders Equity

138.514.914

5219%

2.603.915

-97%

76.528.498

34%

56.983.560

Balance sheet total

1.259.617.855

-12%

1.433.695.314

-14%

1.664.987.534

-15%

1.951.631.101

Number of employees

1904

 

2076

 

2239

 

2178

Auditor qualification

The auditor has no reservations

 

The auditor has no reservations

 

The auditor has no reservations

 

The auditor has no reservations

 

Ratios

Year

31.12.2013

 

31.12.2012

 

31.12.2011

 

31.12.2010

Solvency Ratio

11%  http://app.creditsafe.fi/CSFIWebsiteLive/Images/SolRed.png

 

0%  http://app.creditsafe.fi/CSFIWebsiteLive/Images/SolRed.png

 

5%  http://app.creditsafe.fi/CSFIWebsiteLive/Images/SolRed.png

 

3%  http://app.creditsafe.fi/CSFIWebsiteLive/Images/SolRed.png

 

High Indebtedness

 

High Indebtedness

 

High Indebtedness

 

High Indebtedness

Net margin (%)

4%

 

-6%

 

-4%

 

-5%

Interest Coverage Ratio (times)

6

 

-4

 

-2

 

-2

Gearing (%)

228%

 

37299%

 

1321%

 

769%

Liquidity Ratio/Acid Test

0

 

1

 

1

 

0

Risk Buffer (%)

7%

 

-9%

 

-7%

 

-5%

 

Profit & Loss (€)

Operating Income

31.12.2013

%

31.12.2012

%

31.12.2011

%

31.12.2010

Number of weeks

52

 

52

 

52

 

52

Consolidated Accounts

no

 

no

 

no

 

no

Sales Revenue

2.078.337.122

-10%

2.317.947.605

-6%

2.474.168.145

11%

2.220.416.285

Other Operating Income

104.866.914

>9999%

844.472

-

0

-

0

Total Operating Income

2.183.204.036

-6%

2.318.792.077

-6%

2.474.168.145

11%

2.220.416.285

Wages & Salaries

107.359.947

-5%

113.177.474

-11%

126.600.444

4%

121.195.551

Depreciation

0

-

0

-

98.742.174

-1%

100.119.584

Total Operating Expenses

2.077.900.224

-14%

2.425.753.601

-5%

2.542.065.718

11%

2.291.617.282

Operating Profit/Loss

105.303.812

-

-106.961.524

-

-67.897.573

-

-71.200.997

Result From Financial Investments

Financial Income

0

-

0

-

448.193

88%

238.794

Financial Expenses

18.602.482

-28%

25.972.374

-36%

40.415.335

21%

33.392.578

Total Financial Investments

-18.602.482

-

-25.972.374

-

-39.967.142

-

-33.153.784

Profit/Loss after Financial Items

86.701.330

-

-132.933.898

-

-107.864.715

-

-104.354.781

Extraordinary Income

0

-

2.377.100

-95%

51.452.600

-22%

66.165.800

Extraordinary Expenses

0

-

0

-

0

-

0

Profit/Loss Before Tax

86.701.329

-

-130.556.798

-

-56.412.115

-

-38.188.981

Tax

0

-

0

-

0

-

0

Profit/Loss After Tax

86.701.329

-

-130.556.798

-

-56.412.115

-

-38.188.981

 

Balance Sheet (€)

Assets

12.2013

%

12.2012

%

12.2011

%

12.2010

Number of weeks

52

 

52

 

52

 

52

Consolidated Accounts

no

 

no

 

no

 

no

Fixed Assets

Intangible Assets

3.605.881

-22%

4.616.367

-24%

6.084.378

-5%

6.438.040

Tangible Assets

646.444.708

-11%

727.827.462

-9%

802.289.386

-13%

924.679.333

Other Fixed Assets

10.693.489

0%

10.701.655

0%

10.657.702

0%

10.657.702

Total Fixed Assets

660.744.078

-11%

743.145.484

-9%

819.031.466

-13%

941.775.075

Current Assets

Inventories

277.944.890

-12%

316.049.016

-24%

417.597.508

-21%

529.279.852

Trade Receivables

288.577.413

-2%

295.375.819

-5%

311.694.950

-7%

335.173.090

Other Receivables

32.351.474

-59%

79.124.995

-32%

116.663.610

-20%

145.244.778

Cash & Bank Balances

0

-

0

-

0

-

158.306

Other Current Assets

0

-

0

-

0

-

0

Total Current Assets

598.873.777

-13%

690.549.830

-18%

845.956.068

-16%

1.009.856.026

Total Assets

1.259.617.855

-12%

1.433.695.314

-14%

1.664.987.534

-15%

1.951.631.101

 

Equity and Liabilities (€)

EQUITY

Share Capital

78.120.000

0%

78.120.000

0%

78.120.000

0%

78.120.000

Share Premium Reserve

174.897.340

0%

174.897.340

0%

174.897.340

0%

174.897.340

Retained Earnings

-134.502.426

-

-270.413.425

-

-176.488.842

-

-196.033.780

Other Reserves

20.000.000

0%

20.000.000

-

0

-

0

Total Equity

138.514.914

5219%

2.603.915

-97%

76.528.498

34%

56.983.560

LONG TERM LIABILITIES

Long Term Liabilities to Financial Institutions

0

-

0

-

0

-

0

Other Long Term Liabilities Finance

40.625.000

-13%

46.875.000

-6%

50.000.000

-

0

Other Long Term Liabilities

275.194.137

-70%

924.351.601

-4%

960.700.358

119%

438.273.034

Total Long Term Debts

315.819.137

-67%

971.226.601

-4%

1.010.700.358

131%

438.273.034

CURRENT LIABILITIES

Trade Payables

315.109.327

-5%

331.800.487

10%

301.280.030

38%

218.282.562

Liabilities to Financial Institutions

0

-

0

-

0

-

0

Other Short Term Financial Loans

456.250.000

406%

90.125.000

-62%

240.000.000

-80%

1.202.250.000

Other Short Term Liabilities

33.924.477

-11%

37.939.311

4%

36.478.648

2%

35.841.945

Total Current Liabilities

805.283.804

75%

459.864.798

-20%

577.758.678

-60%

1.456.374.507

Total Liabilities

1.121.102.941

-22%

1.431.091.399

-10%

1.588.459.036

-16%

1.894.647.541

Total Equity & Liabilities

1.259.617.855

-12%

1.433.695.314

-14%

1.664.987.534

-15%

1.951.631.101

 

Other Financials (€)

Working Capital

-206.410.027

-

230.685.032

-14%

268.197.390

-

-446.518.481

Net Worth

134.909.033

-

-2.012.452

-

70.444.120

39%

50.545.520

 

Key Ratios

 

31.12.2013

 

31.12.2012

 

31.12.2011

 

31.12.2010

Number of weeks

52

 

52

 

52

 

52

Consolidated Accounts

no

 

no

 

no

 

no

PROFITABILITY

Net Margin %

4,2%

 

-5,7%

 

-4,4%

 

-4,7%

Operating Profit/Loss %

5,1%

 

-4,6%

 

-2,7%

 

-3,2%

Pre-Tax Profit Margin %

4,2%

 

-5,6%

 

-2,3%

 

-1,7%

TRADING PERFORMANCE

Return on Net Assets Employed %

62,6%

 

-5013,9%

 

-73,7%

 

-67,0%

Return on Total Capital %

8,4%

 

-7,5%

 

-4,1%

 

-3,6%

Interest Coverage Ratio (times)

6

 

-4

 

-2

 

-2

Return on Capital Employed %

19,1%

 

-13,4%

 

-5,2%

 

-7,7%

Return on Total Assets Employed %

6,9%

 

-9,1%

 

-3,4%

 

-2,0%

Interest on Debt %

1,7%

 

1,8%

 

2,5%

 

1,8%

Risk Buffer %

6,7%

 

-9,3%

 

-6,6%

 

-5,4%

SHORT TERM LIQUIDITY

Liquidity Ratio/Acid Test

0

 

1

 

1

 

0

Current Ratio %

74,0%

 

150,0%

 

146,0%

 

69,0%

Debtor Days

51

 

47

 

46

 

55

Working capital

-206.410.027

 

230.685.032

 

268.197.390

 

-446.518.481

LONG TERM LIQUIDITY

Equity Ratio %

11,0%

 

0,2%

 

4,6%

 

2,9%

Gearing %

228,0%

 

37298,7%

 

1320,7%

 

769,1%

Current Debt Ratio

6

 

177

 

8

 

26

Total Debt Ratio

8

 

550

 

21

 

33

Relative debt %

53,9%

 

61,7%

 

64,2%

 

85,3%

BUSINESS MEASURES

Change in turnover %

-10,3%

 

-6,3%

 

11,4%

 

-

Turnover/employees

1091564

 

1116545

 

1105033

 

1019475

Sales/Net Working Capital

-10

 

10

 

9

 

-5

Stock Turnover Ratio %

13,4%

 

13,6%

 

16,9%

 

23,8%

Creditor Days

55

 

52

 

44

 

36

Equity in Percentage %

11,1%

 

0,2%

 

4,6%

 

3,0%

 

 

FOREIGN EXCHANGE RATES

 

N/a

 

 

ADDITIONAL INFORMATION

 

Registrations in Force

 

State

Registration Date

Tax Administration

Registered

28.11.1990

Trade Register

Registered

21.11.1990

Employer Register

Registered

01.01.1991

Prepayment Register

Registered

01.03.1995

Value Added Tax-Liability

VAT-liable for business activity

01.06.1994

 

 

NOTES & COMMENTS

 

N/a

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.60.37

UK Pound

1

Rs.102.48

Euro

1

Rs.81.87

 

INFORMATION DETAILS

 

Analysis Done by :

DIV

 

 

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.