MIRA INFORM REPORT

 

 

Report No. :

322181

Report Date :

16.05.2015

 

IDENTIFICATION DETAILS

 

Name :

AALAND METALS

 

 

Registered Office :

C/O Tilitoimisto EMU Oy Köydenpunojankatu 2 A D, 00180, Helsinki

 

 

Country :

Finland

 

 

Date of Incorporation :

26.05.2011

 

 

Legal Form :

Private person carrying on trade

 

 

Line of Business :

Sale of fuels, ores, metals and industrial chemicals

 

 

No. of Employees :

Not Available

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ca

 

RATING

STATUS

PROPOSED CREDIT LINE

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

 

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.

 

 

ECGC Country Risk Classification List – December 31, 2014

 

Country Name

Previous Rating

(30.09.2014)

Current Rating

(31.12.2014)

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.

 

 

Source : CIA

Company summary

 

Trading Name

Trade Registry Number

Company Name

AALAND METALS

Business ID

24055508

Previous Name

- 

 

 

Telephone Number

-

Registered Address

c/o Tilitoimisto EMU Oy Köydenpunojankatu 2a D, 00180, HELSINKI

Fax Number

-

Visiting Address

Home Municipality

-

Postal Address

-, -, -

Incorporation Date

26.05.2011

Branches

 

Company Type

Private person carrying on trade

Website Address

Primary Sic Code

46120

Accountant

-

Primary Sic Description

Agents involved in the sale of fuels, ores, metals and industrial chemicals

Last Accounts Date

-

Share Capital (€)

-

Holding Company

Deals in importing

No

Foreign Ownership

Deals in exporting

No

Currency

€

 

 

Shareholder Information

 

Total Value of Shares

Number of Shares

Value of Shares

 

 

Registrations in Force

 

State

Registration Date

Tax Administration

Registered

29.04.2011

Trade Register

Registered

26.05.2011

Employer Register

EXPIRED

01.08.2011

Prepayment Register

Registered

06.10.2011

Value Added Tax-Liability

VAT-liable for business activity

01.10.2011

 

 

Current Directors

 

Other Company Officials

 

Name

Gupta Rohit

Date of Birth

07.09.1983

Appointment Date

26.05.2011

Nationality

INDIA

Function

Private person carrying on trade

 

 

Group structure

 

No group structure

 

 

Linked Companies

 

No linked companies

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.63.58

UK Pound

1

Rs.100.30

Euro

1

Rs.72.38

 

INFORMATION DETAILS

 

Analysis Done by :

KAR

 

 

Report Prepared by :

VNT

 

               

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%)

 

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This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.