MIRA INFORM REPORT

 

 

Report No. :

511530

Report Date :

28.05.2018

 

 

 

IDENTIFICATION DETAILS

 

Name :

OY BENZLER AB

 

 

Registered Office :

Vanha Talvitie 3 C, 00580 Helsinki

 

 

Country :

Finland

 

 

Financials (as on) :

March 2017

 

 

Date of Incorporation :

17.09.1976

 

 

Com. Reg. No.:

01069931

 

 

Legal Form :

Limited company

 

 

Line of Business :

Wholesale of other machinery for use in industry

 

 

No. of Employees :

2 (2017)

 

 

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

(30.09.2017)

Current Rating

(31.12.2017)

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, particularly in 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 an estimated 3.3% in 2017, supported by a strong increase in investment, private consumption, and net exports. GDP is expected to grow a rate of 2-3% in the next few years.

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. As a result, wage growth was nearly flat in 2017. 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

Oy Benzler Ab

Country

FINLAND

Company Registration Number

01069931

Activity Code

46692

Activity Description

Wholesale of other machinery for use in industry

Company Status

Active (Active)

Latest Turnover Figure

919,000 EUR

Latest Shareholder Equity Figure

171,000 EUR

 

 

Basic Information   

 

Business Name

Benzler Oy Ab

Registered Company Name

Oy Benzler Ab

Company Registration Number

01069931

Country

FINLAND

VAT Registration Number

01069931

VAT Registration Date

01/06/1994

Date of Company Registration

17/09/1976

Date of Starting Operations

01/01/1977

Legal Form

Limited company

Type of Ownership

Foreign owner

Company Status

Active (Active)

Currency of this Report

EUR

Principal Activity Code

46692

Principal Activity Description

Wholesale of other machinery for use in industry

Contact Address

Vanha Talvitie 3 C, 00580 Helsinki

Contact Telephone Number

+358 9 3401716

 

 

Main Address

 

Address

Vanha Talvitie 3 C, 00580 Helsinki

Country

FINLAND

Telephone

+358 9 3401716

 

 

Other Addresses

           

Address

Country

Ilkantie 4, 00400 Helsinki

 

Activities

                                        

Activity Code

Activity Description

46692

Wholesale of other machinery for use in industry

 

 

Email Addresses

 

info@benzlers.com

 

 

Web Pages

 

www.benzler.fi

 

 

Employee Information

 

 

Employee Information

 

Year

Number of Employees

2017

2

2016

0

2015

2

2014

2

2013

0

2012

2

 

 

Advisors    

 

Auditor Name

Deloitte Ab

 

 

Miscellaneous Information  

 

Fax Number

+358 9 3401761

Number of places of business

1

 

Auditor comment

 

Date of accounts

Comments

2017-03-30

The auditor has given an audit report of standard format.

 

 

Authorised Signatures

 

According to the Companies Act, the Board of Directors signs for the firm.

 

 

Procurement Holders

 

sKey

Date of birth

Name

Citizenship Country

Domicile

Text

Resignation Date

Text Clause

403750153

09/08/1956

Amin

Prashant

Chandrakant

US

Intia

Authorised signatory

-

The authorised persons sign for the firm two jointly.

sKey

Date of birth

Name

Citizenship Country

Domicile

Text

Resignation Date

Text Clause

405758400

12/04/1939

Patel

Chandrakant Babubhai

GB

Iso-Britannia

Authorised signatory

-

The authorised persons sign for the firm two jointly.

403750154

03/04/1958

Patel

Prayasvin

Bhanubhai

IN

Intia

Authorised signatory

-

The authorised persons sign for the firm two jointly.

405464538

28/12/1974

Wik Anna

Maria

Elisabeth

SE

Ruotsi

Authorised signatory

-

The authorised persons sign for the firm two jointly.

 

 

Additional names

 

Name Type

 

 

 

Branches

 

Name

No branches for current company

 

 

Business mortgages summary

 

No business mortgages for this company

 

 

Business mortgages

 

No business mortgages for this company

 

 

Import export activities

 

Import   Export

Yes      No

 

Register Information

 

Tax administration

17/09/1976

Trade register

17/09/1976

Employer register

01/02/1977

Prepayment register

-

Date of latest chagne in trade register

03/10/2017

 

01/06/1994

 

 

Profit and Loss

                                                                                                                           

Financial Year

03/2017

(%)

03/2016

(%)

03/2015

Number of Weeks

52

(%)

52

(%)

52

Currency

EUR

(%)

EUR

(%)

EUR

Consolidated Accounts

No

(%)

No

(%)

No

Revenue

919,000

9.2%

841,641

1.8%

827,000

Operating Costs

894,000

6.8%

836,785

3.4%

809,000

Operating Profit

25,000

414.8%

4,856

-73.0%

18,000

Wages & Salaries

96,000

-3.7%

99,687

14.6%

87,000

Pension Costs

22,000

9.9%

20,014

-16.6%

24,000

Financial Income

1,000

21.5%

823

-17.7%

1,000

Financial Expenses

-

83

-

-

 

Profit before Tax

26,000

364.5%

5,597

-70.5%

19,000

Tax

6,000

435.7%

1,120

-72.0%

4,000

Profit after Tax

20,000

346.7%

4,477

-70.2%

15,000

Other Appropriations

-

-

-

-

-

Retained Profit

20,000

346.8%

4,476

-70.2%

15,000

 

 

Balance Sheet

                                               

Financial Year

03/2017

(%)

03/2016

(%)

03/2015

Number of Weeks

52

(%)

52

(%)

52

Currency

EUR

(%)

EUR

(%)

EUR

Consolidated Accounts

No

(%)

No

(%)

No

Land & Buildings

-

-

-

-

-

Other Tangible Assets

-

-

-

-

-

Total Tangible Assets

-

-

-

-

-

Goodwill

-

-

-

-

-

Other Intangible Assets

-

-

-

-

-

Total Intangible Assets

-

-

-

-

-

Investments

-

-

-

-

-

Loans To Group

-

-

-

-

-

Total Other Fixed Assets

-

-

-

-

-

TOTAL FIXED ASSETS

-

-

-

-

-

Other Inventories

-

-

-

-

-

Total Inventories

-

-

-

-

-

Trade Receivables

144,000

60.3%

89,826

-27.0%

123,000

Group Receivables

110,000

72.1%

63,916

-18.1%

78,000

Receivables Due After 1 Year

-

-

-

-

-

Miscellaneous Receivables

10,000

-66.0%

29,371

389.5%

6,000

Total Receivables

264,000

44.2%

183,113

-11.5%

207,000

Cash

35,000

-19.5%

43,504

117.5%

20,000

Other Current Assets

-

-

-

-

-

TOTAL CURRENT ASSETS

299,000

31.9%

226,617

-0.2%

227,000

TOTAL ASSETS

299,000

31.9%

226,617

-0.2%

227,000

Trade Payables

2,000

-30.8%

2,889

188.9%

1,000

Other Loans Or Finance

49,000

37.8%

35,571

22.7%

29,000

Group Payables

44,000

434.3%

8,235

-31.4%

12,000

Miscellaneous Liabilities

33,000

37.1%

24,076

33.8%

18,000

TOTAL CURRENT LIABILITIES

128,000

80.9%

70,771

18.0%

60,000

Trade Payables Due After 1 Year

-

-

-

-

-

Other Loans Or Finance Due After 1

-

-

-

-

-

Year

 

 

 

 

 

Group Payables Due After 1 Year

-

-

-

-

-

Miscellaneous Liabilities Due After 1

-

-

-

-

-

Year

 

 

 

 

 

TOTAL LONG TERM LIABILITIES

-

-

-

-

-

TOTAL LIABILITIES

128,000

80.9%

70,771

18.0%

60,000

Called Up Share Capital

151,000

-0.2%

151,369

0.2%

151,000

Revenue Reserves

20,000

346.8%

4,476

-70.2%

15,000

Other Reserves

-

-

-

-

-

TOTAL SHAREHOLDERS EQUITY

171,000

9.7%

155,845

-6.1%

166,000

 

 

Other Financials     

                                   

Financial Year

03/2017

(%)

03/2016

(%)

03/2015

Working Capital

171,000

9.7%

155,846

-6.7%

167,000

Net Worth

171,000

9.7%

155,845

-6.1%

166,000

 

 

Ratios   

                                               

Financial Year

03/2017

03/2016

03/2015

Pre-Tax Profit Margin (%)

2.83 %

0.67 %

2.30 %

Return On Capital Employed (%)

15.20 %

3.59 %

11.45 %

Return On Total Assets Employed (%)

8.70 %

2.47 %

8.37 %

Return On Net Assets Employed (%)

15.20 %

3.59 %

11.45 %

Sales/Net Working Capital

5.37

5.40

4.95

Stock Turnover Ratio (%)

-

-

-

Debtor Days

57.19

38.96

54.29

Creditor Days

0.79

1.25

0.44

Current Ratio

2.34

3.20

3.78

Liquidity Ratio/Acid Test

2.34

3.20

3.78

Current Debt Ratio

0.75

0.45

0.36

Gearing (%)

-

-

-

Equity In Percentage (%)

57.19 %

68.77 %

73.13 %

Total Debt Ratio

0.75

0.45

0.36

 

 

Additional financials

                                                           

Financial Year

03/2017

 

03/2016

 

03/2015

Bonds and notes - short terms

-

 

-

 

-

Bonds and notes - long terms

-

 

-

 

-

Gross revenue

257,000

27.0%

202,297

0.6%

201,000

Operating margin ratio

2.70

 

0.60

 

2.20

Working capital ratio

15.50

 

10.30

 

14.80

Networking capital percentage

18.70

 

18.50

 

20.20

Net gearing

0.10

 

-0.10

 

0.10

Equity ratio

57.20

 

68.80

 

72.80

Operating income percentage

2.70

 

0.60

 

2.20

Relative indebtedness

13.80

 

8.40

 

7.30

Turnover per person

459,500

 

-

 

413,500

Financing result percentage

2.20

 

0.50

 

1.80

Number of shares

4,500

 

 

 

 

 

 

Share Capital Structure

                                                                                                                                                                  

Nominal Share Capital

151,369 EUR

Issued Share Capital

151,369 EUR

 

 

Shareholders

                                               

Shareholder

% Shares Held

AB Benzlers

100

 

 

Current Directors

                                                           

Name

Date of birth

City

Appointment Date   

Position

Patel Chandrakant Babubhai

-

Iso-Britannia

21/03/2016

Managing director

Patel Chandrakant Babubhai

-

Iso-Britannia

21/03/2016

Chairman

Amin Prashant Chandrakant

-

Intia

14/12/2010

Ordinary member

Patel Prayasvin Bhanubhai

-

Intia

14/12/2010

Ordinary member

 

 

Group Structure

 

No group structure for this company

 

 

Negative Information

 

No negative information for this company

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

INR 68.26

UK Pound

1

INR 91.22

Euro

1

INR 79.88

Euro

1

INR 79.00

 

Note : Above are approximate rates obtained from sources believed to be correct

 

 

INFORMATION DETAILS

 

Analysis Done by :

NIS

 

 

Report Prepared by :

TRU

                                                


 

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)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

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