|
Report No. : |
355925 |
|
Report Date : |
22.12.2015 |
IDENTIFICATION DETAILS
|
Name : |
CABB OY |
|
|
|
|
Formerly Known As : |
KEMFINE OY |
|
|
|
|
Registered Office : |
Tammasaarenkatu 3, 00180 Helsinki |
|
|
|
|
Country : |
Finland |
|
|
|
|
Financials (as on) : |
2014 |
|
|
|
|
Date of Incorporation : |
18.10.1995 |
|
|
|
|
Com. Reg. No.: |
10313107 |
|
|
|
|
Legal Form : |
Limited company |
|
|
|
|
Line of Business : |
Manufacture of other organic basic chemical |
|
|
|
|
No. of Employee : |
207 (2014) |
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 – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
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, 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 economic growth. The depreciating ruble will retard exports to Russia.
|
Source
: CIA |
|
Business Name |
CABB Oy |
|
Country |
FINLAND |
|
Company Registration Number |
10313107 |
|
Activity Code |
20140 |
|
Activity Description |
Manufacture of other organic basic chemicals |
|
Company Status |
Active (Active) |
|
Latest Turnover Figure |
96.412.000 EUR |
|
Latest Shareholder Equity Figure |
23.911.000 EUR |
|
Local Description |
Moderate Risk |
|
Business Name |
CABB Oy |
|
Registered Company Name |
CABB Oy |
|
Company Registration Number |
10313107 |
|
Country |
FINLAND |
|
VAT Registration Number |
10313107 |
|
VAT Registration Date |
01/01/1996 |
|
Date of Company Registration |
18/10/1995 |
|
Date of Starting Operations |
01/01/1996 |
|
Legal Form |
Limited company |
|
Type of Ownership |
Foreign owner |
|
Company Status |
Active (Active) |
|
Currency of this Report |
EUR |
|
Principal Activity Code |
20140 |
|
Principal Activity Description |
Manufacture of other organic basic chemicals |
|
Contact Address |
Tammasaarenkatu 3, 00180 Helsinki |
|
Contact Telephone Number |
+358 46 7100600 |
|
Address |
Tammasaarenkatu 3, 00180 Helsinki |
|
Country |
FINLAND |
|
Telephone |
+358 46 7100600 |
|
Address |
Country |
|
PL 660, 00181 Helsinki |
|
|
Activities |
|
|
Activity Code |
Activity Description |
|
20140 |
Manufacture of other organic basic chemicals |
No email addresses for this company
www.cabb-chemicals.com
|
Previous
Name |
Date
Changed from Previous Name |
|
KemFine Oy |
29/09/2011 |
|
Year |
Number
of Employees |
|
2014 |
207 |
|
2013 |
204 |
|
2012 |
193 |
|
2011 |
184 |
|
2010 |
178 |
|
2009 |
180 |
|
Auditor Name |
KPMG Oy Ab |
|
Fax Number |
+358 46 7100701 |
|
Number of places of business |
2 |
Auditor
comment
|
|
|
Date of
accounts |
Comments |
|
2014-12-30 |
The auditor has given an audit report of standard format. |
|
Name |
Type |
|
KemFine Ltd |
Parallel business name |
Name
Kokkola
|
Number of mortgages |
|
16 |
|
Total amounts of mortgages |
|
598072000 |
|
First
loan number |
Last loan number |
Number
of bonds |
Amount
of bonds |
Claimant/holder |
Date |
|
001 |
|
1 |
2000000 |
OKO Osuuspankkien Keskuspankki Oyj |
17/09/2004 |
|
002 |
|
1 |
2000000 |
OKO Osuuspankkien Keskuspankki Oyj |
17/09/2004 |
|
003 |
|
1 |
2000000 |
OKO Osuuspankkien Keskuspankki Oyj |
17/09/2004 |
|
004 |
|
1 |
2000000 |
OKO Osuuspankkien Keskuspankki Oyj |
17/09/2004 |
|
005 |
|
1 |
2000000 |
OKO Osuuspankkien Keskuspankki Oyj |
17/09/2004 |
|
006 |
|
1 |
2000000 |
OKO Osuuspankkien Keskuspankki Oyj |
17/09/2004 |
|
007 |
|
1 |
2000000 |
OKO Osuuspankkien Keskuspankki Oyj |
17/09/2004 |
|
008 |
|
1 |
1000000 |
OKO Osuuspankkien Keskuspankki Oyj |
17/09/2004 |
|
001 |
|
1 |
3000000 |
OKO Osuuspankkien Keskuspankki Oyj |
20/09/2005 |
|
002 |
|
1 |
3000000 |
OKO Osuuspankkien |
20/09/2005 |
|
003 |
|
1 |
3000000 |
OKO Osuuspankkien Keskuspankki Oyj |
20/09/2005 |
|
004 |
|
1 |
3000000 |
OKO Osuuspankkien Keskuspankki Oyj |
20/09/2005 |
|
|
|
|
|
Keskuspankki Oyj Keskuspankki Oyj |
|
|
005 |
|
1 |
1000000 |
OKO Osuuspankkien |
20/09/2005 |
|
|
|
|
|
Keskuspankki Oyj |
|
|
001 |
|
1 |
72000 |
Pohjola Pankki Oyj |
01/07/2009 |
|
001 |
|
1 |
20000000 |
DZ Bank AG Deutsche |
23/08/2011 |
|
|
|
|
|
Zentral- |
|
|
|
|
|
|
Genossenschaftsbank, F |
|
|
001 |
|
1 |
550000000 |
Wilmington Trust |
14/08/2014 |
|
|
|
|
|
(London) Limited |
|
|
Import |
Export |
|
Yes |
Yes |
|
Tax administration |
18/10/1995 |
|
Trade register |
18/10/1995 |
|
Employer register |
01/01/1996 |
|
Prepayment register |
29/02/2016 |
|
Date of latest chagne in trade register |
16/09/2015 |
|
VAT Liability |
01/01/1996 |
|
Financial
Year |
2014 |
(%) |
2013 |
(%) |
2012 |
|
Number of Weeks |
52 |
(%) |
52 |
(%) |
52 |
|
Currency |
EUR |
(%) |
EUR |
(%) |
EUR |
|
Consolidated Accounts |
No |
(%) |
No |
(%) |
No |
|
Revenue |
96.412.000 |
6.2% |
90.743.000 |
11.5% |
81.402.000 |
|
Operating Costs |
72.726.000 |
4.4% |
69.650.000 |
12.6% |
61.875.000 |
|
Operating Profit |
23.686.000 |
12.3% |
21.093.000 |
8.0% |
19.527.000 |
|
Wages & Salaries |
12.813.000 |
13.3% |
11.305.000 |
-16.7% |
13.575.000 |
|
Pension Costs |
3.981.000 |
37.1% |
2.903.000 |
- |
- |
|
Depreciation |
5.759.000 |
10.7% |
5.201.000 |
14.1% |
4.557.000 |
|
Financial Income |
-2.765.000 |
-55,400.0% |
5.000 |
- |
- |
|
Financial Expenses |
502.000 |
-73.3% |
1.877.000 |
6.2% |
1.768.000 |
|
Extraordinary Costs |
14.000.000 |
-19.1% |
17.300.000 |
4.8% |
16.500.000 |
|
Profit before Tax |
6.419.000 |
245.3% |
1.859.000 |
47.7% |
1.259.000 |
|
Tax |
385.000 |
1,733.3% |
21.000 |
61.5% |
13.000 |
|
Profit after Tax |
6.034.000 |
228.3% |
1.838.000 |
47.5% |
1.246.000 |
|
Other Appropriations |
5.824.000 |
228.7% |
1.772.000 |
46.6% |
1.209.000 |
|
Retained Profit |
210.000 |
218.2% |
66.000 |
73.7% |
38.000 |
Balance
Sheet
|
|
|
|
|
|
|
Financial
Year |
2014 |
(%) |
2013 |
(%) |
2012 |
|
Number of Weeks |
52 |
(%) |
52 |
(%) |
52 |
|
Currency |
EUR |
(%) |
EUR |
(%) |
EUR |
|
Consolidated Accounts |
No |
(%) |
No |
(%) |
No |
|
Land & Buildings |
3.966.000 |
5.7% |
3.753.000 |
- |
- |
|
Plant & Machinery |
38.464.000 |
31.2% |
29.324.000 |
- |
- |
|
Other Tangible Assets |
4.486.000 |
-53.1% |
9.561.000 |
-74.4% |
37.365.000 |
|
Total Tangible Assets |
46.916.000 |
10.0% |
42.638.000 |
14.1% |
37.365.000 |
|
Goodwill |
- |
- |
- |
- |
- |
|
Other Intangible Assets |
270.000 |
-10.0% |
300.000 |
-17.8% |
365.000 |
|
Total Intangible Assets |
270.000 |
-10.0% |
300.000 |
-17.8% |
365.000 |
|
Investments |
- |
- |
- |
- |
- |
|
Loans To Group |
- |
- |
- |
- |
- |
|
Total Other Fixed Assets |
- |
- |
- |
- |
- |
|
TOTAL FIXED ASSETS |
47.186.000 |
9.9% |
42.938.000 |
13.8% |
37.730.000 |
|
Raw Materials |
6.438.000 |
-12.8% |
7.387.000 |
-38.6% |
12.033.000 |
|
Finished Goods |
6.866.000 |
35.0% |
5.087.000 |
- |
- |
|
Other Inventories |
- |
- |
- |
- |
- |
|
Total Inventories |
13.304.000 |
6.7% |
12.474.000 |
3.7% |
12.033.000 |
|
Trade Receivables |
5.879.000 |
-55.7% |
13.266.000 |
- |
- |
|
Group Receivables |
11.044.000 |
- |
- |
- |
- |
|
Receivables Due After 1 Year |
- |
- |
- |
- |
- |
|
Miscellaneous Receivables |
1.720.000 |
-54.2% |
3.756.000 |
-74.8% |
14.924.000 |
|
Total Receivables |
18.643.000 |
9.5% |
17.022.000 |
14.1% |
14.924.000 |
|
Cash |
7.302.000 |
-7.8% |
7.924.000 |
0.6% |
7.879.000 |
|
Other Current Assets |
- |
- |
- |
- |
- |
|
TOTAL CURRENT ASSETS |
39.249.000 |
4.9% |
37.420.000 |
7.4% |
34.836.000 |
|
TOTAL ASSETS |
86.435.000 |
7.6% |
80.358.000 |
10.7% |
72.566.000 |
|
Trade Payables |
5.041.000 |
-30.1% |
7.212.000 |
- |
- |
|
Other Loans Or Finance |
933.000 |
-51.0% |
1.905.000 |
-95.5% |
41.963.000 |
|
Group Payables |
37.581.000 |
6.4% |
35.322.000 |
- |
- |
|
Miscellaneous Liabilities |
4.027.000 |
15.8% |
3.479.000 |
- |
- |
|
TOTAL CURRENT LIABILITIES |
47.582.000 |
-0.7% |
47.918.000 |
14.2% |
41.963.000 |
|
Trade Payables Due After 1 Year |
- |
- |
- |
- |
- |
|
Bank Liabilities Due After 1 Year |
- |
- |
14.562.000 |
- |
- |
|
Other Loans Or Finance Due After 1 |
15.923.000 |
- |
- |
-100.0% |
14.562.000 |
|
Year |
|
|
|
|
|
|
Group Payables Due After 1 Year |
- |
- |
- |
- |
- |
|
Miscellaneous Liabilities Due After 1 |
14.383.000 |
68.0% |
8.560.000 |
26.1% |
6.788.000 |
|
Year |
|
|
|
|
|
|
TOTAL LONG TERM LIABILITIES |
30.306.000 |
31.1% |
23.122.000 |
8.3% |
21.350.000 |
|
TOTAL LIABILITIES |
77.888.000 |
9.6% |
71.040.000 |
12.2% |
63.313.000 |
|
Called Up Share Capital |
8.915.000 |
0.0% |
8.915.000 |
0.0% |
8.915.000 |
|
Revenue Reserves |
613.000 |
52.1% |
403.000 |
19.6% |
337.000 |
|
Other Reserves |
- |
- |
- |
- |
- |
|
TOTAL SHAREHOLDERS EQUITY |
9.528.000 |
2.3% |
9.318.000 |
0.7% |
9.252.000 |
Other
Financials
|
|
|
|
|
|
|
Financial
Year |
2014 |
(%) |
2013 |
(%) |
2012 |
|
Working Capital |
-8.333.000 |
20.6% |
-10.498.000 |
-47.3% |
-7.127.000 |
|
Net Worth |
9.258.000 |
2.7% |
9.018.000 |
1.5% |
8.887.000 |
Ratios
|
|
|
|
|
|
|
Financial
Year |
2014 |
|
2013 |
|
2012 |
|
Pre-Tax Profit Margin (%) |
6.66 |
|
2.05 |
|
1.55 |
|
Return On Capital Employed (%) |
16.11 |
|
5.73 |
|
4.11 |
|
Return On Total Assets Employed (%) |
7.43 |
|
2.31 |
|
1.73 |
|
Return On Net Assets Employed (%) |
67.37 |
|
19.95 |
|
13.61 |
|
Sales/Net Working Capital |
-11.57 |
|
-8.64 |
|
-11.42 |
|
Stock Turnover Ratio (%) |
13.80 |
|
13.75 |
|
14.78 |
|
Debtor Days |
22.26 |
|
53.36 |
|
|
|
Creditor Days |
19.08 |
|
29.01 |
|
0.00 |
|
Current Ratio |
0.82 |
|
0.78 |
|
0.83 |
|
Liquidity Ratio/Acid Test |
0.55 |
|
0.52 |
|
0.54 |
|
Current Debt Ratio |
4.99 |
|
5.14 |
|
4.54 |
|
Gearing (%) |
318.07 |
|
248.14 |
|
230.76 |
|
Equity In Percentage (%) |
11.06 |
|
11.64 |
|
12.81 |
|
Total Debt Ratio |
8.17 |
|
7.62 |
|
6.84 |
|
Financial
Year |
2014 |
|
2013 |
|
2012 |
|
Bonds and notes - short terms |
- |
|
- |
|
- |
|
Bonds and notes - long terms |
- |
|
- |
|
- |
|
Gross revenue |
59.082.000 |
7.5% |
54.956.000 |
8.0% |
50.862.000 |
|
Operating margin ratio |
30.50 |
|
29.00 |
|
29.60 |
|
Working capital ratio |
14.70 |
|
20.40 |
|
14.80 |
|
Networking capital percentage |
-7.60 |
|
-11.60 |
|
-8.80 |
|
Net gearing |
0.40 |
|
0.50 |
|
3.00 |
|
Equity ratio |
27.40 |
|
22.20 |
|
22.10 |
|
Operating income percentage |
24.60 |
|
23.20 |
|
24.00 |
|
Relative indebtedness |
65.90 |
|
68.90 |
|
69.40 |
|
Turnover per person |
465.758 |
|
444.819 |
|
421.772 |
|
Financing result percentage |
26.70 |
|
26.80 |
|
27.40 |
|
Number of shares |
891.500 |
|
|
|
|
|
Issued Share Capital |
8.915.000 EUR |
|
|
Nominal Share Capital |
8.915.000 EUR |
|
|
Shareholder |
|
Address |
|
|
% Shares Held |
|
CABB Finland Oy |
|
100 |
|
|
|
|
Name |
Date of
birth |
City |
Appointment
Date Position |
|
|
Björkqvist Erik Ulf Johan |
31/07/1956 |
Espoo |
23/04/1997 |
Managing director |
|
Vanacker Peter Zeno Erik |
|
Saksa Ltv |
14/04/2015 |
Chairman |
|
Björkqvist Erik Ulf Johan |
31/07/1956 |
Espoo |
30/09/2011 |
Ordinary member |
|
Dahinden Robert |
|
Sveitsi |
19/09/2011 |
Ordinary member |
|
Siemssen Ulrich |
|
Saksa Ltv |
16/09/2015 |
Ordinary member |
Previous
Directors
|
|||||
|
Name |
Date of
birth |
City |
Appointment
Date |
Position |
Resignation
Date |
|
Salzer Uwe |
|
Saksa Ltv |
17/10/2011 |
Ordinary member |
15/09/2015 |
|
Wienkenhöver Martin Wilhelm Erwi |
|
Saksa Ltv |
19/09/2011 |
Chairman |
13/04/2015 |
|
Name |
City |
|
Appointment
Date |
Position |
|
|
Riihimäki Minna Irmeli |
Espoo |
04/02/2013 |
|
|
Princ. resp. auditor of acc. corp. |
Ultimate Holding Company Name
No information for this company.
|
Immediate
Holding Company Name |
VAT/Registration
Number |
|
CABB Finland Oy |
19036118 |
Subsidiary Name
No subsidaries for this company
Affiliate Name
No affiliates for this company
No negative information for this company
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.32 |
|
|
1 |
Rs.98.99 |
|
Euro |
1 |
Rs.72.13 |
|
EUR |
1 |
Rs.72.37 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
TRI |
|
|
|
|
Report Prepared
by : |
TRU |
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.