MIRA INFORM REPORT
|
Report No. : |
317231 |
|
Report Date : |
15.04.2015 |
IDENTIFICATION DETAILS
|
Name : |
KAUPPAHUONE T & V OY |
|
|
|
|
Registered Office : |
Nukarintie 18, 05400, Jokela |
|
|
|
|
Country : |
Finland |
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
11.03.1997 |
|
|
|
|
Legal Form : |
Limited company |
|
|
|
|
Line of Business : |
Wholesale of perfume and cosmetics |
|
|
|
|
No. of Employee : |
2 (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 : |
Unknown |
|
|
|
|
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.
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 before 2009 and its banks and financial markets avoided the worst
of global financial crisis. However, the world slowdown hit exports and
domestic demand hard in that year, 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 2010-12, however, continued
recession within the EU dampened the economy in 2012-14. The recession affected
general government FINANCES and
the debt ratio, turning previously strong budget surpluses into deficits,
losing its coveted triple-A credit rating, and on pace to breach EU debt limits
in 2015. 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 eco
|
Source
: CIA |
Company name
KAUPPAHUONE T & V
OY
Company summary
|
Trading Name |
Kauppahuone T & V Oy |
Trade Registry Number |
|
||
|
Company Name |
Kauppahuone T & V Oy |
Business ID |
10755319 |
|
|
|
Previous Name |
- |
|
|||
|
Telephone Number |
0958441100 |
Registered Address |
NUKARINTIE 18, 05400, JOKELA |
|
|
|
Fax Number |
094173999 |
Visiting Address |
Nukarintie 18, 05400, JOKELA |
|
|
|
Home Municipality |
Tuusula |
Postal Address |
-, -, - |
|
|
|
Incorporation Date |
11.03.1997 |
Branches |
1 |
|
|
|
Company Type |
Limited company |
Website Address |
|
||
|
Primary Sic Code |
46450 |
Accountant |
Tarkela Timo Tapani |
||
|
Primary Sic Description |
Wholesale of perfume and cosmetics |
Last Accounts Date |
31.12.2012 |
||
|
Share Capital (€) |
16.651 |
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 |
4.279.266 |
3% |
4.163.681 |
368% |
890.573 |
|
Operating Profit/Loss |
391.738 |
-6% |
414.591 |
-10% |
461.651 |
|
Profit/Loss after Financial Items |
388.913 |
-6% |
414.976 |
-9% |
458.442 |
|
Profit/Loss after tax |
285.390 |
-7% |
305.842 |
-10% |
338.206 |
|
Current Assets |
1.214.516 |
-1% |
1.230.269 |
4% |
1.180.882 |
|
Fixed Assets |
36.810 |
14% |
32.306 |
6% |
30.591 |
|
Long Term Debts |
0 |
- |
0 |
- |
0 |
|
Current Liabilities |
390.402 |
13% |
344.041 |
-4% |
357.261 |
|
Shareholders Equity |
860.924 |
-6% |
918.534 |
8% |
854.212 |
|
Balance sheet total |
1.251.326 |
-1% |
1.262.575 |
4% |
1.211.473 |
|
Number of employees |
2 |
2 |
2 |
||
|
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 |
69% |
73% |
71% |
||
|
Exceptionally Low Indebtedness |
Exceptionally Low Indebtedness |
Exceptionally Low Indebtedness |
|||
|
Net margin (%) |
9% |
10% |
51% |
||
|
Interest Coverage Ratio (times) |
124 |
155 |
125 |
||
|
Gearing (%) |
0% |
0% |
0% |
||
|
Liquidity Ratio/Acid Test |
2 |
2 |
2 |
||
|
Risk Buffer (%) |
31% |
32% |
37% |
Shareholder Information
|
Year |
31.12.2012 |
|
Total Value of Shares |
16.651 |
|
Number of Shares |
660 |
|
Value of Shares |
25.23 |
Registrations in Force
|
State |
Registration Date |
|
|
Tax Administration |
Registered |
12.02.1997 |
|
Trade Register |
Registered |
11.03.1997 |
|
Employer Register |
Registered |
01.02.1997 |
|
Prepayment Register |
Registered |
18.02.1997 |
|
Value Added Tax-Liability |
VAT-liable for business activity |
01.02.1997 |
Current Directors
|
Name |
Vanhala Arto Kalevi |
||
|
Date of Birth |
29.10.1959 |
Appointment Date |
19.05.2006 |
|
Nationality |
FINLAND |
Function |
Actual Member of Board |
|
Name |
Toivonen Ari Magnus |
||
|
Date of Birth |
02.07.1941 |
Appointment Date |
19.05.2006 |
|
Nationality |
FINLAND |
Function |
Chairman of Board |
Other Company Officials
|
Name |
Korte Tiina Irmeli |
||
|
Date of Birth |
13.11.1966 |
Appointment Date |
19.05.2006 |
|
Nationality |
FINLAND |
Function |
Alternate Member of Board |
|
Name |
Vanhala-Harmanen Minna Leena |
||
|
Date of Birth |
03.08.1968 |
Appointment Date |
19.05.2006 |
|
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 |
4.279.266 |
3% |
4.163.681 |
368% |
890.573 |
||||
|
Other Operating Income |
0 |
- |
0 |
- |
0 |
||||
|
Total Operating Income |
4.279.266 |
3% |
4.163.681 |
368% |
890.573 |
||||
|
Wages & Salaries |
152.000 |
-48% |
289.991 |
42% |
204.870 |
||||
|
Depreciation |
6.096 |
0% |
6.082 |
640% |
822 |
||||
|
Total Operating Expenses |
3.887.528 |
4% |
3.749.090 |
774% |
428.922 |
||||
|
Operating Profit/Loss |
391.738 |
-6% |
414.591 |
-10% |
461.651 |
||||
|
RESULT FROM
FINANCIAL INVESTMENTS |
|
||||||||
|
Financial Income |
344 |
-89% |
3.076 |
529% |
489 |
||||
|
Financial Expenses |
3.169 |
18% |
2.691 |
-27% |
3.698 |
||||
|
Total Financial Investments |
-2.825 |
- |
385 |
- |
-3.209 |
||||
|
Profit/Loss after Financial Items |
388.913 |
-6% |
414.976 |
-9% |
458.442 |
||||
|
Extraordinary Income |
0 |
- |
0 |
- |
0 |
||||
|
Extraordinary Expenses |
0 |
- |
0 |
- |
0 |
||||
|
Profit/Loss Before Tax |
388.913 |
-6% |
414.976 |
-9% |
458.443 |
||||
|
Tax |
103.523 |
-5% |
109.134 |
-9% |
120.237 |
||||
|
Profit/Loss After Tax |
285.390 |
-7% |
305.842 |
-10% |
338.206 |
||||
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 |
22.744 |
25% |
18.240 |
10% |
16.525 |
|||
|
Other Fixed Assets |
14.066 |
0% |
14.066 |
0% |
14.066 |
|||
|
Total Fixed Assets |
36.810 |
14% |
32.306 |
6% |
30.591 |
|||
|
CURRENT ASSETS |
||||||||
|
Inventories |
479.393 |
21% |
397.333 |
37% |
290.930 |
|||
|
Trade Receivables |
326.975 |
-13% |
377.546 |
49% |
253.527 |
|||
|
Other Receivables |
18.700 |
-15% |
21.991 |
89% |
11.620 |
|||
|
Cash & Bank Balances |
389.448 |
-10% |
433.399 |
-31% |
624.805 |
|||
|
Other Current Assets |
0 |
- |
0 |
- |
0 |
|||
|
Total Current Assets |
1.214.516 |
-1% |
1.230.269 |
4% |
1.180.882 |
|||
|
Total Assets |
1.251.326 |
-1% |
1.262.575 |
4% |
1.211.473 |
|||
Equity and Liabilities (€)
|
EQUITY |
||||||||||||||
|
Share Capital |
16.651 |
0% |
16.651 |
0% |
16.651 |
|||||||||
|
Share Premium Reserve |
26.153 |
0% |
26.153 |
0% |
26.153 |
|||||||||
|
Retained Earnings |
818.120 |
-7% |
875.730 |
8% |
811.408 |
|||||||||
|
Other Reserves |
0 |
- |
0 |
- |
0 |
|||||||||
|
Total Equity |
860.924 |
-6% |
918.534 |
8% |
854.212 |
|||||||||
|
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 |
305.534 |
19% |
255.888 |
11% |
231.484 |
|
||||||||
|
Liabilities to Financial Institutions |
0 |
- |
0 |
- |
0 |
|
||||||||
|
Other Short Term Financial Loans |
0 |
- |
0 |
- |
0 |
|
||||||||
|
Other Short Term Liabilities |
84.868 |
-4% |
88.153 |
-30% |
125.777 |
|
||||||||
|
Total Current Liabilities |
390.402 |
13% |
344.041 |
-4% |
357.261 |
|
||||||||
|
Total Liabilities |
390.402 |
13% |
344.041 |
-4% |
357.261 |
|
||||||||
|
Total Equity & Liabilities |
1.251.326 |
-1% |
1.262.575 |
4% |
1.211.473 |
|
||||||||
Other Financials (€)
|
Working Capital |
824.114 |
-7% |
886.228 |
8% |
823.621 |
|||
|
Net Worth |
860.924 |
-6% |
918.534 |
8% |
854.212 |
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 % |
9,1% |
10,0% |
51,5% |
|||||
|
Operating Profit/Loss % |
9,2% |
10,0% |
51,8% |
|||||
|
Pre-Tax Profit Margin % |
9,1% |
10,0% |
51,5% |
|||||
|
TRADING
PERFORMANCE |
||||||||
|
Return on Net Assets Employed % |
45,2% |
45,2% |
53,7% |
|||||
|
Return on Total Capital % |
31,3% |
33,1% |
38,2% |
|||||
|
Interest Coverage Ratio (times) |
124 |
155 |
125 |
|||||
|
Return on Capital Employed % |
45,2% |
45,2% |
53,7% |
|||||
|
Return on Total Assets Employed % |
31,1% |
32,9% |
37,8% |
|||||
|
Interest on Debt % |
0,8% |
0,8% |
1,0% |
|||||
|
Risk Buffer % |
30,5% |
32,3% |
37,1% |
|||||
|
SHORT TERM
LIQUIDITY |
||||||||
|
Liquidity Ratio/Acid Test |
2 |
2 |
2 |
|||||
|
Current Ratio % |
311,0% |
358,0% |
331,0% |
|||||
|
Debtor Days |
28 |
33 |
104 |
|||||
|
Working capital |
824.114 |
886.228 |
823.621 |
|||||
|
LONG TERM
LIQUIDITY |
||||||||
|
Equity Ratio % |
68,8% |
72,8% |
70,5% |
|||||
|
Gearing % |
0,0% |
0,0% |
0,0% |
|||||
|
Current Debt Ratio |
0 |
0 |
0 |
|||||
|
Total Debt Ratio |
0 |
0 |
0 |
|||||
|
Relative debt % |
9,1% |
8,3% |
40,1% |
|||||
|
BUSINESS MEASURES |
||||||||
|
Change in turnover % |
2,8% |
367,5% |
- |
|||||
|
Turnover/employees |
2139633 |
2081841 |
445287 |
|||||
|
Sales/Net Working Capital |
5 |
5 |
1 |
|||||
|
Stock Turnover Ratio % |
11,2% |
9,5% |
32,7% |
|||||
|
Creditor Days |
26 |
22 |
95 |
|||||
|
Equity in Percentage % |
69,6% |
73,6% |
71,3% |
|||||
Group structure
No group structure
Linked Companies
No linked companies
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.39 |
|
|
1 |
Rs.91.06 |
|
Euro |
1 |
Rs.66.16 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
ANK |
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.