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MIRA INFORM REPORT
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Report No. : |
490864 |
|
Report Date : |
09.02.2018 |
IDENTIFICATION DETAILS
|
Name : |
OUTOTEC (FINLAND) OY |
|
|
|
|
Registered Office : |
Rauhalanpuisto 9, 02230 Espoo |
|
|
|
|
Country : |
Finland |
|
|
|
|
Financials (as on) : |
December 2016 |
|
|
|
|
Date of Incorporation : |
01.06.1999 |
|
|
|
|
Com. Reg. No.: |
15386292 |
|
|
|
|
Legal Form : |
Limited company |
|
|
|
|
Line of Business : |
Mechanical and process engineering design |
|
|
|
|
No. of Employees : |
1042 |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A |
|
Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with moderate
risk of default |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
No Complaints |
|
|
|
|
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
|
Country Name |
Previous Rating (30.06.2017) |
Current Rating (30.09.2017) |
|
Finland |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately 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 GDP almost as high as that of Austria and the Netherlands and slightly above that of Germany and Belgium. Trade is important, with exports accounting for over one-third of GDP in recent years. The government is open to, and actively takes steps to attract, foreign direct investment.
Finland is historically competitive in manufacturing - principally the wood, metals, engineering, telecommunications, and electronics industries. Finland excels in export of technology as well as promotion of startups in the information and communications technology, 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 cold climate, agricultural development is limited to maintaining self-sufficiency in basic products. Forestry, an important export industry, 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, causing Finland’s economy to contract from 2012 to 2014. The recession affected general government finances and the debt ratio. The economy returned to growth in 2016, posting a 1.9% GDP increase before growing 2.8% in 2017.
Finland's main challenges will be reducing high labor costs and boosting demand for its exports. In June 2016, the government enacted a Competitiveness Pact aimed at reducing labor costs, increasing hours worked, and introducing more flexibility into the wage bargaining system. The Government was also seeking to reform the health care system and social services. In the long 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
|
Business Name |
Outotec (Finland) Oy |
|
Country |
FINLAND |
|
Company Registration Number |
15386292 |
|
Activity Code |
71127 |
|
Activity Description |
Mechanical and process engineering design |
|
Company Status |
Active (Active) |
|
Latest Turnover Figure |
454,242,000 EUR |
|
Latest Shareholder Equity Figure |
100,912,000 EUR |
Basic
Information
|
Business Name |
Outotec (Finland) Oy |
|
Registered Company Name |
Outotec (Finland) Oy |
|
Company Registration Number |
15386292 |
|
Country |
FINLAND |
|
VAT Registration Number |
15386292 |
|
VAT Registration Date |
01/07/1999 |
|
Date of Company Registration |
30/06/1999 |
|
Date of Starting Operations |
01/06/1999 |
|
Legal Form |
Limited company |
|
Type of Ownership |
Private Finnish |
|
Company Status |
Active (Active) |
|
Currency of this Report |
EUR |
|
Principal Activity Code |
71127 |
|
Principal Activity Description |
Mechanical and process engineering design |
|
Contact Address |
Rauhalanpuisto 9, 02230 Espoo |
|
Contact Telephone Number |
+358 205 29211 |
Main
Address
|
Address |
Rauhalanpuisto 9, 02230 Espoo |
|
Country |
FINLAND |
|
Telephone |
+358 205 29211 |
Other
Addresses
|
Address |
Country |
|
Pl 1000, 02231 Espoo |
|
Activities
|
Activity Code |
Activity Description |
|
71127 |
Mechanical and process engineering design |
Email
Addresses
No email addresses for this company
Web
Pages
http://www.outotec.com
Employee
Information
|
Year |
Number of Employees |
|
2016 |
1042 |
|
2015 |
1096 |
|
2014 |
1018 |
|
2013 |
856 |
|
2012 |
745 |
|
2011 |
623 |
Advisors
|
Auditor Name |
PricewaterhouseCoopers Oy |
Miscellaneous
Information
|
Fax Number |
+358 0205292996 |
|
Number of places of business |
7 |
Auditor
comment
|
Date of accounts |
Comments |
|
2016-12-30 |
The auditor has given an audit report of standard format. |
|
Additional names |
|
|
Name |
Type |
|
Larox |
Auxiliary business name |
|
Numcore |
Auxiliary business name |
Branches
Name
Harjavalta Kokkola
Kuopio
Lappeenranta
Pori
Turku
Business
mortgages summary
No business mortgages for this company
Business
mortgages
No business mortgages for this company
Import
export activities
|
Import |
Export |
|
No |
Yes |
Register
Information
|
Tax administration |
30/06/1999 |
|
Trade register |
30/06/1999 |
|
Employer register |
01/07/1999 |
|
Prepayment register |
28/02/2018 |
|
Date of latest chagne in trade register |
21/09/2017 |
|
|
01/07/1999 |
financials
|
Profit and Loss |
|
|
|
|
|
|
Financial Year |
12/2016 |
(%) |
12/2015 |
(%) |
12/2014 |
|
Number of Weeks |
52 |
(%) |
52 |
(%) |
52 |
|
Currency |
EUR |
(%) |
EUR |
(%) |
EUR |
|
Consolidated Accounts |
No |
(%) |
No |
(%) |
No |
|
Revenue |
454,242,000 |
-16.9% |
546,801,000 |
19.3% |
458,412,000 |
|
Operating Costs |
480,589,000 |
-9.3% |
529,958,000 |
19.1% |
445,028,000 |
|
Operating Profit |
-26,347,000 |
-256.4% |
16,843,000 |
25.8% |
13,384,000 |
|
Pension Costs |
- |
- |
- |
- |
- |
|
Financial Income |
827,000 |
- |
- |
- |
- |
|
Financial Expenses |
1,560,000 |
38.5% |
1,126,000 |
-6.9% |
1,209,000 |
|
Extraordinary Costs |
17,212,000 |
-38.1% |
27,815,000 |
595.4% |
4,000,000 |
|
Profit before Tax |
-44,292,000 |
-266.1% |
-12,098,000 |
-248.0% |
8,175,000 |
|
Tax |
2,151,000 |
365.6% |
462,000 |
-75.3% |
1,873,000 |
|
Profit after Tax |
-46,443,000 |
-269.8% |
-12,560,000 |
-299.3% |
6,302,000 |
|
Other Appropriations |
-10,395,000 |
-4,734.9% |
-215,000 |
-126.9% |
799,000 |
|
Retained Profit |
-36,048,000 |
-192.0% |
-12,345,000 |
-324.4% |
5,502,000 |
|
Balance Sheet |
|
|
|
|
|
|
Financial Year |
12/2016 |
(%) |
12/2015 |
(%) |
12/2014 |
|
Number of Weeks |
52 |
(%) |
52 |
(%) |
52 |
|
Currency |
EUR |
(%) |
EUR |
(%) |
EUR |
|
Consolidated Accounts |
No |
(%) |
No |
(%) |
No |
|
Land & Buildings |
3,248,000 |
-11.5% |
3,672,000 |
9.8% |
3,343,000 |
|
Plant & Machinery |
5,962,000 |
-30.8% |
8,614,000 |
-16.9% |
10,369,000 |
|
Other Tangible Assets |
299,000 |
169.4% |
111,000 |
19.4% |
93,000 |
|
Total Tangible Assets |
9,509,000 |
-23.3% |
12,397,000 |
-10.2% |
13,805,000 |
|
Goodwill |
13,857,000 |
-8.4% |
15,127,000 |
28.9% |
11,739,000 |
|
Other Intangible Assets |
81,132,000 |
-18.6% |
99,732,000 |
5.2% |
94,797,000 |
|
Total Intangible Assets |
94,989,000 |
-17.3% |
114,859,000 |
7.8% |
106,536,000 |
|
Investments |
44,820,000 |
18.3% |
37,893,000 |
78.7% |
21,203,000 |
|
Loans To Group |
- |
- |
- |
- |
- |
|
Total Other Fixed Assets |
- |
- |
- |
- |
- |
|
TOTAL FIXED ASSETS |
153,896,000 |
-8.4% |
167,947,000 |
15.3% |
145,606,000 |
|
Raw Materials |
28,609,000 |
45.2% |
19,699,000 |
16.6% |
16,896,000 |
|
Work In Progress |
23,460,000 |
-1.9% |
23,917,000 |
54.9% |
15,440,000 |
|
Other Inventories |
33,534,000 |
-1.8% |
34,160,000 |
168.4% |
12,726,000 |
|
Total Inventories |
85,603,000 |
10.1% |
77,776,000 |
72.6% |
45,062,000 |
|
Trade Receivables |
22,759,000 |
-77.5% |
101,363,000 |
99.0% |
50,934,000 |
|
Group Receivables |
125,990,000 |
- |
- |
- |
- |
|
Receivables Due After 1 Year |
- |
- |
- |
- |
- |
|
Miscellaneous Receivables |
56,030,000 |
-60.0% |
140,080,000 |
-10.1% |
155,732,000 |
|
Total Receivables |
204,779,000 |
-15.2% |
241,443,000 |
16.8% |
206,666,000 |
|
Cash |
1,690,000 |
381.5% |
351,000 |
902.9% |
35,000 |
|
Other Current Assets |
- |
- |
- |
- |
- |
|
TOTAL CURRENT ASSETS |
292,072,000 |
-8.6% |
319,570,000 |
26.9% |
251,763,000 |
|
TOTAL ASSETS |
445,968,000 |
-8.5% |
487,517,000 |
22.7% |
397,369,000 |
|
Trade Payables |
28,233,000 |
-71.2% |
98,176,000 |
25.1% |
78,455,000 |
|
Bank Liabilities |
175,000 |
- |
- |
- |
|
|
Other Loans Or Finance |
2,706,000 |
-88.0% |
22,561,000 |
318.4% |
5,392,000 |
|
Group Payables |
182,756,000 |
- |
- |
- |
- |
|
Miscellaneous Liabilities |
113,812,000 |
-42.0% |
196,366,000 |
35.2% |
145,197,000 |
|
TOTAL CURRENT LIABILITIES |
327,682,000 |
3.3% |
317,103,000 |
38.4% |
229,044,000 |
|
Trade Payables Due After 1 Year |
- |
- |
- |
- |
- |
|
Other Loans Or Finance Due After 1 |
- |
-100.0% |
788,000 |
-26.6% |
1,074,000 |
|
Year |
|
|
|
|
|
|
Group Payables Due After 1 Year |
- |
- |
- |
- |
- |
|
Miscellaneous Liabilities Due After 1 |
18,259,000 |
-44.6% |
32,956,000 |
84.6% |
17,849,000 |
|
Year |
|
|
|
|
|
|
TOTAL LONG TERM LIABILITIES |
18,259,000 |
-45.9% |
33,744,000 |
78.3% |
18,923,000 |
|
TOTAL LIABILITIES |
345,941,000 |
-1.4% |
350,847,000 |
41.5% |
247,967,000 |
|
Called Up Share Capital |
6,000,000 |
0.0% |
6,000,000 |
0.0% |
6,000,000 |
|
Share Premium |
6,532,000 |
6,532,000 |
6,532,000 |
|
|
|
Revenue Reserves |
-37,210,000 |
-3,105.0% |
-1,161,000 |
-110.4% |
11,184,000 |
|
Other Reserves |
124,708,000 |
-0.5% |
125,299,000 |
-0.3% |
125,685,000 |
|
TOTAL SHAREHOLDERS EQUITY |
100,030,000 |
-26.8% |
136,670,000 |
-8.5% |
149,401,000 |
Other
Financials
|
Financial Year |
12/2016 |
(%) |
12/2015 |
(%) |
12/2014 |
|
Working Capital |
-35,610,000 |
-1,543.5% |
2,467,000 |
-89.1% |
22,719,000 |
|
Net Worth |
5,041,000 |
-76.9% |
21,811,000 |
-49.1% |
42,865,000 |
Ratios
|
Financial Year |
12/2016 |
12/2015 |
12/2014 |
|
Pre-Tax Profit Margin (%) |
-9.75 % |
-2.21 % |
1.78 % |
|
Return On Capital Employed (%) |
-37.44 % |
-7.10 % |
4.86 % |
|
Return On Total Assets Employed (%) |
-9.93 % |
-2.48 % |
2.06 % |
|
Return On Net Assets Employed (%) |
-44.28 % |
-8.85 % |
5.47 % |
|
Sales/Net Working Capital |
-12.76 |
221.65 |
20.18 |
|
Stock Turnover Ratio (%) |
18.85 % |
14.22 % |
9.83 % |
|
Debtor Days |
18.29 |
67.66 |
40.56 |
|
Creditor Days |
22.69 |
65.53 |
62.47 |
|
Current Ratio |
0.89 |
1.01 |
1.10 |
|
Liquidity Ratio/Acid Test |
0.63 |
0.76 |
0.90 |
|
Current Debt Ratio |
3.28 |
2.32 |
1.53 |
|
Gearing (%) |
18.43 % |
24.69 % |
12.67 % |
|
Equity In Percentage (%) |
28.50 % |
36.67 % |
51.37 % |
|
Total Debt Ratio |
3.46 |
2.57 |
1.66 |
Additional
financials
|
Financial Year |
12/2016 |
12/2015 |
12/2014 |
|
Bonds and notes - short terms |
- |
- |
- |
|
Bonds and notes - long terms |
- |
- |
- |
|
Gross revenue |
100,728,000 |
- |
- |
|
Operating margin ratio |
|
|
|
|
Working capital ratio |
9.20 |
2.20 |
-13.10 |
|
Networking capital percentage |
-7.80 |
0.50 |
5.00 |
|
Net gearing |
0.00 |
0.20 |
0.00 |
|
Equity ratio |
24.80 |
35.40 |
50.30 |
|
Operating income percentage |
-5.80 |
3.10 |
2.90 |
|
Relative indebtedness |
67.50 |
49.50 |
34.70 |
|
Turnover per person |
435,933 |
498,906 |
450,306 |
|
Financing result percentage |
|
|
|
|
Number of shares |
4,001 |
|
|
Share
Capital Structure
|
Nominal Share Capital |
6,000,000 EUR |
|
Issued Share Capital |
6,000,000 EUR |
Shareholders
|
Shareholder |
|
% Shares Held |
|
Outotec Oyj |
100 |
|
Current
Directors
|
Name |
Date of birth |
City |
Appointment Date
Position |
|
|
Nastamo Olli Pekka |
07/12/1956 |
Helsinki |
28/04/2014 |
Managing director |
|
Ålgars Jari Matti |
14/08/1964 |
Espoo |
24/11/2015 |
Chairman |
|
Härkki Kalle Kustaa |
20/10/1969 |
Espoo |
08/11/2013 |
Ordinary member |
|
Kiviranta Nina Paula Kristina |
26/09/1964 |
Helsinki |
08/11/2013 |
Ordinary member |
Other
Company Officials
|
Name |
City |
Appointment Date |
Position |
|
|
Katajisto Markku Juhani |
Vantaa |
08/03/2016 |
|
Princ. resp. auditor of acc. corp. |
Ultimate
Holding Parent
|
Ultimate Holding Company Name |
VAT/Registration Number |
|
Outotec -konserni |
08281054 |
Immediate
Holding Parent
|
Immediate Holding Company Name |
VAT/Registration Number |
|
Outotec Oyj |
08281054 |
Subsidiary
Companies
Subsidiary Name
Outotec B.V., Alankomaat
Outotec (Filters) GmbH, Saksa
Outotec (Netherlands) B.V.,
Alankomaat Outotec (Norway) AS, Norja
Outotec (Polska) Sp. z.o.o. , Puola
Outotec (UK) Limited, Iso-Britannia
OOO Larox, Venäjä
Outotec (India) Pvt. Ltd., Intia
Outotec (Kazakhstan) LLP, Kazakstan
ZAO Outotec St. Petersburg, Venäjä
Benedict Holdco LLC, Yhdysvallat
Energy Products of Idaho Limited Partnership, Yhdysvallat
Affiliates
Affiliate Name
PT Outotec Technology Solutions, Indonesia
Negative
Information
No negative information for this company
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 64.16 |
|
|
1 |
INR 89.19 |
|
Euro |
1 |
INR 78.75 |
|
Euro |
1 |
INR 78.94 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
VIV |
|
|
|
|
Report Prepared
by : |
KET |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
D |
High Risk |
Business dealing not recommended or on
secured terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
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 are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.