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Report No. : |
311587 |
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Report Date : |
07.03.2015 |
IDENTIFICATION DETAILS
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Name : |
L-FASHION GROUP
OY |
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Registered Office : |
Linjakatu 5 PO
Box 55 Lahti, 15501 |
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Country : |
Finland |
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Financials (as on) : |
01.12.2011 |
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Year of Incorporation : |
1907 |
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Com. Reg. No.: |
01491585 |
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Legal Form : |
Private Subsidiary |
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Line of Business : |
Manufacture of ready-made clothing for men, women and children including ski wear, leisurewear, coats, suits and trousers |
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No. of Employees : |
1,759 |
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 – June 30th, 2012
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Country Name |
Previous Rating (31.03.2011) |
Current Rating (30.06.2012) |
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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 |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
FINLAND - ECONOMIC OVERVIEW
Finland has a highly industrialized, largely free-market economy with per capita output roughly 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. The recession left a deep mark on general government finances and the debt ratio, turning previously strong budget surpluses into deficits. In addition to marginal growth prospects, general government finances will remain in deficit during the next few years. The great challenge of economic policy will be to mitigate a possible recession in 2012 in which measures supporting growth will be combined with general government adjustment measures. Longer-term, Finland must address a rapidly aging population and decreasing productivity that threaten competitiveness, fiscal sustainability, and economic growth.
Source : CIA
L-Fashion Group Oy
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Business Description
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Manufacture of ready-made clothing for men,
women and children including ski wear, leisurewear, coats, suits and trousers |
Industry
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Industry |
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ANZSIC 2006: |
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NACE 2002: |
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NAICS 2002: |
315234 - Women's and Girls' Cut and Sew Suit, Coat,
Tailored Jacket, and Skirt Manufacturing |
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UK SIC 2003: |
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UK SIC 2007: |
14132 - Manufacture of women's outerwear, other than
leather clothes and workwear |
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US SIC 1987: |
2337 - Women's, Misses', and Juniors' Suits, Skirts,
and Coats |
Key Executives
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1 - Profit & Loss Item Exchange Rate: USD 1 = EUR 0.7189224
2 - Balance Sheet Item Exchange Rate: USD 1 = EUR 0.7423905
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L-Fashion Group Oy |
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Company Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
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L-Rentals OY |
Parent |
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Subsidiary |
Lahti |
Finland |
Apparel and Accessories |
275.0 |
1,759 |
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Subsidiary |
Maia, Maia |
Portugal |
Apparel and Accessories |
6.5 |
107 |
Executives Report
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01-Dec-2011 |
01-Dec-2010 |
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Period Length |
12 Months |
12 Months |
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Filed Currency |
EUR |
EUR |
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Exchange Rate (Period Average) |
0.718922 |
0.749339 |
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Consolidated |
No |
No |
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Total income |
275.0 |
206.4 |
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Cost of goods sold |
226.3 |
146.3 |
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Other operating costs |
46.9 |
31.0 |
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Total operating costs |
307.2 |
201.3 |
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Interest received from loans |
2.2 |
8.1 |
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Interest payable on loans |
1.4 |
0.8 |
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Profit before tax |
10.9 |
13.6 |
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Total taxation |
2.2 |
1.3 |
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Income before depreciation |
18.8 |
13.2 |
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Depreciation |
5.9 |
3.2 |
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Profit before financial items |
12.9 |
10.0 |
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Other financial expenses |
0.5 |
0.3 |
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Income/profit after financial items |
13.3 |
17.0 |
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Extraordinary items |
2.4 |
3.6 |
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Income before allocations |
11.8 |
12.0 |
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Net income |
9.1 |
11.5 |
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Annual Balance Sheet |
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Financials in:
USD (mil) |
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01-Dec-2011 |
01-Dec-2010 |
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Filed Currency |
EUR |
EUR |
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Exchange Rate |
0.74239 |
0.765521 |
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Consolidated |
No |
No |
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Issued capital |
14.1 |
13.7 |
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Untaxed/reserves allocations |
1.8 |
2.1 |
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Other restricted equity |
0.3 |
0.3 |
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Non restricted equity |
34.9 |
31.5 |
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Total stockholders equity |
88.1 |
83.0 |
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Other long-term liabilities |
- |
4.4 |
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Trade creditors |
12.3 |
12.9 |
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Other current liabilities |
67.8 |
42.5 |
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Total current liabilities |
80.1 |
59.8 |
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Land and buildings |
4.3 |
3.9 |
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Machinery and tools |
8.1 |
3.8 |
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Depreciable assets |
26.2 |
15.4 |
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Total non-current assets |
35.9 |
47.7 |
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Stocks |
76.4 |
30.8 |
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Trade debtors |
44.7 |
47.3 |
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Cash and liquid assets |
12.9 |
19.1 |
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Short-term investments |
4.7 |
25.3 |
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Shares in associated companies |
4.7 |
25.3 |
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Other current assets |
- |
0.0 |
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Total current assets |
134.0 |
97.2 |
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Total assets |
169.9 |
144.9 |
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Annual Ratios |
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Financials in:
USD (mil) |
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01-Dec-2011 |
01-Dec-2010 |
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Period Length |
12 Months |
12 Months |
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Filed Currency |
EUR |
EUR |
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Exchange Rate |
0.74239 |
0.765521 |
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Consolidated |
No |
No |
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Current ratio |
1.70 |
1.90 |
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Quick ratio |
0.80 |
1.30 |
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Asset turnover |
0.02% |
0.01% |
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Profit margin |
0.05% |
0.08% |
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Equity ratio |
0.53% |
0.58% |
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Interest on liabilities |
0.03% |
- |
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Risk margin |
666.97% |
651.71% |
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Interest cover |
0.01% |
0.02% |
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Net worth |
88.1 |
83.0 |
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Number of employees |
737 |
511 |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.62.20 |
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1 |
Rs.94.71 |
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Euro |
1 |
Rs.68.60 |
INFORMATION DETAILS
|
Report
Prepared by : |
TPT |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or
its officials.