MILSTRAND AS


Subscriber No: 037080334, Reference: AG
Delivery Date: Feb 25, 2013

Identification & Summary

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Identification & Summary

Identification

DUNS: 64-523-5474
Address: Randvere tee 5
Haabneeme alevik, Viimsi vald, 74001
ESTONIA
Telephone: 372 6055951
Telefax: 372 6055958
E-mail Address: terminal@milstrand.ee
Web Address: www.milstrand.ee

Summary

Started: 1995
Legal Form: Joint Stock Company
Reg No: 10047899
Employs: 31
SIC: 4222
Activity: Engaged in refrigerated warehousing and storage
 
 

Risk Summary

   
  (Click on Risk Summary items for full details)    
 
Risk Evaluation
   
 
Risk Indicator 2
 
 
D&B Rating 2A2
 
 
Avg Credit 204,368 USD
 
 
Principal Information
   
 
Principal(s) 7
 
 
Payment Information
   
 
Payments Prompt
 
 
Financial Summary
   
 
Registered Capital 1,629,450 EUR
 
 
Sales/Turnover 7,487,000 EUR
 
 
Tangible Net Worth 5,643,000 EUR
 
 
Total Assets 7,095,000 EUR
 
 
Pre-Tax Profit 1,844,000 EUR
 

CURRENCY
All monetary amounts quoted in this report are shown in Estonian Kroon unless otherwise stated.

Risk Assessment

 
  Risk Indicator 2  
 
 
  D&B Rating 2A2  
  Financial Strength 2A Based on tangible net worth  
  Risk Indicator 2 Good (low risk)  

The Dun & Bradstreet Rating of 2A2 indicates:
  A Financial Strength of USD 2.5 - 12 million (based on Net Worth) and a Risk Indicator which is Good (low risk).
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Principals

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Principals


Name: Ms. Helle Paevali
Position: Member of the Board
Born: May 17, 1960
   
Name: Mister Heiki Silm
Position: Member of the Board
Born: Jan 31, 1975
   
Name: Mister Ervin Hasselbach
Position: Member of the Board
Born: Dec 21, 1953
   
Name: Gaspard Boot
Position: Member of the Council
Born: Aug 10, 1963
   
Name: Mister Endel Siff
Position: Member of the Council
Born: Jun 20, 1957
   
Name: Ms. Kaisa Uibo
Position: Member of the Council
Born: Aug 17, 1978
   
Name: Sjoerd Beelen
Position: Member of the Council
Born: Mar 12, 1973
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TRADE PAYMENTS

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TRADE PAYMENTS

Informants report that subject's payments are prompt.
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Public Record Information

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Public Record Information

Protested Bills

No protested bills have been reported.
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History

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History

Background

Business started in May 16, 1995 as a Joint Stock Company under the name 'MILSTRAND AS' .



Subject moved from Randvere tee 5, Haabneeme kula Viimsi vald, Harjumaa, ESTONIA on May 17, 2012.

Legal Form

Joint Stock Company.
 
Registration No: 10047899
Tax Registration No: EE100442623

References

Auditors: DONOWAY ASSURANCE OU - Vadim Dontsevski

Capital

Nominal capital: 1,629,450 Euro
Issued capital: 1,629,450 Euro
Paid-Up capital: All
 
Starting capital is 977,848 Euro.
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Linkage

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Linkage

Ownership

Name: OU Loorand
Ownership: Holds 50% of the voting capital.
Shareholder DUNS: 50-581-4650
   
Name: VOORSTERBURGH INVESTERINGEN B.V.
Ownership: Holds 50% of the voting capital.
Shareholder DUNS: 41-367-4656
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Operations

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Operations

Line of Business

Engaged in refrigerated warehousing and storage (4222)
 
Net sales have increased during the last years.The level of sales is very high.Operating profit has increased during the last years.Profitability is very good.Amount of equity is very high.Registered capital has maintained the same level if compared to the last annual statement.Liquidity indicators: current ratio - very good,quick ratio - very good,cash ratio - very good,collection period - average.Debt ratio is very good, the company is relatively independent of debt capital.Return ratios: profit margin - very good,return on assets - very good.

Employees

Employs: 31 as at Dec 31, 2011

Location

Registered office: At heading address.
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Financial Information

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Financial Information

Trend of Turnover & Pre-Tax Profit


Trend of key balance sheet items


 

Net Worth and Total Assets are tangible figures shown after the deduction of intangible assets.

Comparatives


  Fiscal
Dec 31, 2009
(000 Euro)
Fiscal
Dec 31, 2010
(000 Euro)
Fiscal
Dec 31, 2011
(000 Euro)
Turnover 3,164 4,306 7,487
Pre-tax Profit 825 402 1,844
Net Worth 7,912 4,798 5,643
Fixed Assets 4,528 3,957 4,357
Total Assets 8,769 9,167 7,095
Current Assets 4,227 5,206 2,737
Current Liabilities 733 4,369 1,453
Working Capital 3,494 837 1,284
Long Term Debt 93 93 75
Financial Assets 0 0  
Intangibles 1 1 0
Employees
21 21 31
Net Worth and Total Assets are tangible figures shown after the deduction of intangible assets.

  Fiscal
Dec 31, 2006
(000 Euro)
Fiscal
Dec 31, 2007
(000 Euro)
Fiscal
Dec 31, 2008
(000 Euro)
Turnover 13,347 4,290 1,685
Pre-tax Profit 2,700 -114 -1,593
Net Worth 9,385 8,680 7,087
Fixed Assets 7,549 6,834 5,679
Total Assets 10,255 8,866 7,946
Current Assets 1,832 1,467 2,011
Current Liabilities 871 187 858
Working Capital 961 1,280 1,153
Long Term Debt 0 0 0
Financial Assets 833 531 233
Intangibles 0 1 1
Employees
48 44 24
Net Worth and Total Assets are tangible figures shown after the deduction of intangible assets.

Ratios


- Dec 31, 2009 Dec 31, 2010 Dec 31, 2011
Current Ratio 5.77 1.19 1.88
Solvency Ratio (%) 110.44 193.00 127.08
Fixed Assets / Net Worth (%) 57.23 82.47 77.21
Current Liabs / Net Worth (%) 9.26 91.06 25.75
Asset Turnover (%) 36.08 46.97 105.53
Sales / Net Working Capital 0.91 5.14 5.83
Assets / Sales (%) 277.15 212.89 94.76
Profit Margin (%) 26.07 9.34 24.63
Shareholders Return (%) 10.43 8.38 32.68
Return on Assets (%) 9.41 4.39 25.99
Sales / Employees * 150.67 205.05 241.52
Profit / Employees * 39.29 19.14 59.48
* The ratios are in thousands.

- Dec 31, 2006 Dec 31, 2007 Dec 31, 2008
Current Ratio 2.10 7.84 2.34
Solvency Ratio (%) 109.28 102.15 112.11
Fixed Assets / Net Worth (%) 80.44 78.73 80.13
Current Liabs / Net Worth (%) 9.28 2.15 12.11
Asset Turnover (%) 130.15 48.39 21.21
Sales / Net Working Capital 13.89 3.35 1.46
Assets / Sales (%) 76.83 206.67 471.57
Profit Margin (%) 20.23 -2.66 -94.54
Shareholders Return (%) 28.77 -1.31 -22.48
Return on Assets (%) 26.33 -1.29 -20.05
Sales / Employees * 278.06 97.50 70.21
Profit / Employees * 56.25 -2.59 -66.38
* The ratios are in thousands.

Balance Sheet

Abstract from individual interim balance sheet.
 
Assets As at Dec 31, 2009
(000 Euro)
As at Dec 31, 2010
(000 Euro)
As at Dec 31, 2011
(000 Euro)
Depreciation 0 8,660 8,909
Misc Fixed Assets 4,541 12,621 13,266
Total Fixed Assets 4,541 3,961 4,357
-
Investments 0 0  
Total Fin'cl Assets 0 0  
-
Misc Intangible Assets 1 1 0
Total Intangible Assets 1 1 0
-
CURRENT ASSETS
Stock 23 19 12
Trade Debtors 105 94 585
Prepaid Expenses 72    
Cash 3,679 5,093 2,142
Misc Current Assets 349    
-
TOTAL CURRENT 4,228 5,206 2,739
-
TOTAL ASSETS  8,770  9,168  7,096
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Liabilities As at Dec 31, 2009
(000 Euro)
As at Dec 31, 2010
(000 Euro)
As at Dec 31, 2011
(000 Euro)
Capital 1,630 1,630 1,630
Retained Profits 5,186 2,495 1,897
Profit for Year 825 402 1,844
Misc Reserves 272 272 272
Net Worth 7,913 4,799 5,643
-
-
CURRENT LIABILITIES
Trade Creditors   142 245
Accruals 641 983 324
Short Term Loans 0 0 0
Loan Instalments 93 93 75
Taxation 123 3,151 809
-
TOTAL CURRENT 857 4,369 1,453
-
TOTAL LIABS & NET WORTH  8,770  9,168  7,096

Assets As at Dec 31, 2006
(000 Euro)
As at Dec 31, 2007
(000 Euro)
As at Dec 31, 2008
(000 Euro)
Depreciation 4,912 0 7,005
Misc Fixed Assets 12,503 6,866 12,707
Total Fixed Assets 7,591 6,866 5,702
-
Investments 833 531 233
Total Fin'cl Assets 833 531 233
-
Misc Intangible Assets 0 1 1
Total Intangible Assets 0 1 1
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CURRENT ASSETS
Stock 0 8 7
Trade Debtors 820 576 345
Prepaid Expenses 57 34 55
Cash 459 535 1,296
Misc Current Assets 496 316 308
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TOTAL CURRENT 1,832 1,469 2,011
-
TOTAL ASSETS  10,256  8,867  7,947
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Liabilities As at Dec 31, 2006
(000 Euro)
As at Dec 31, 2007
(000 Euro)
As at Dec 31, 2008
(000 Euro)
Capital 1,630 1,630 1,630
Retained Profits 4,783 6,892 6,779
Profit for Year 2,700 -114 -1,593
Misc Reserves 272 272 272
Net Worth 9,385 8,680 7,088
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-
CURRENT LIABILITIES
Trade Creditors 245 89 92
Accruals 592 52 737
Bank Overdraft 0 0 0
Short Term Loans 0 0 0
Loan Instalments 0 0 0
Taxation 34 46 30
Misc Current Liabilities 0 0 0
-
TOTAL CURRENT 871 187 859
-
TOTAL LIABS & NET WORTH  10,256  8,867  7,947

Profit & Loss


- Jan 01, 2009
to Dec 31, 2009
(000 Euro)
Jan 01, 2010
to Dec 31, 2010
(000 Euro)
Jan 01, 2011
to Dec 31, 2011
(000 Euro)
Net Sales 3,051 4,209 7,296
Total Income 113 97 191
Cost of Goods Sold 329 361 3,776
-
Gross Profit 2,835 3,945 3,711
Selling/Admin Expenses 530 455 528
Payroll 395 469 689
Depreciation/Amortisation 1,134 600 359
Misc Operating Charges 4 1,086 9
-
Net Operating Income 772 1,335 2,126
Misc Financial Income 54 1  
Total Financial Income 54 1  
-
Misc Financial Expenses     17
Total Financial Expenses     17
-
Profit Before Taxes 826 1,336 2,109
Income Tax   934 266
-
Profit After Tax 826 402 1,843
-
Net Profit  826  402  1,843

- Jan 01, 2006
to Dec 31, 2006
(000 Euro)
Jan 01, 2007
to Dec 31, 2007
(000 Euro)
Jan 01, 2008
to Dec 31, 2008
(000 Euro)
Net Sales 9,352 3,189 1,386
Total Income 3,995 1,101 299
Cost of Goods Sold 5,119 1,417 489
-
Gross Profit 8,228 2,873 1,196
Selling/Admin Expenses 807 568 461
Payroll 779 645 455
Depreciation/Amortisation 1,106 1,084 1,216
Misc Operating Charges 1,714 449 772
-
Net Operating Income 3,822 127 -1,708
Misc Financial Income     114
Total Financial Income     114
-
Misc Financial Expenses 76 73  
Total Financial Expenses 76 73  
-
Profit Before Taxes 3,746 54 -1,594
Income Tax 1,045 167 0
-
Profit After Tax 2,701 -113 -1,594
-
Net Profit  2,701  -113  -1,594

Notes on Financials

The average number of employees during the year was 31.
According to the balance sheet as of Dec 31, 2011.
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Appendices

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Appendices

Customer Service

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Customer Service

Speed of service: Typically 4 working days
SCN: 201302255008010638
Order Date: Feb 25, 2013

Should you require any further information or have any questions, please contact your local Customer Service Centre.

Enquiries should always contain the below minimum details please:
  • Full Company Name
  • Full Headquarters Address (street, town, country)
  • Telephone Number
  • Business Identification Number (registration number, chamber of commerce number, VAT number, Government Gazette number)
  • Contact Name
  • SCN
  • Order Date

The information in this report was last updated on Jan 30, 2013.

D&B Rating Glossary

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D&B Rating Glossary

D&B Rating - The D&B Rating consists of two parts, the Financial Strength Indicator and the Risk Indicator.
For example: in the case of a 2A 4 rating, 2A means the financial strength of the business and 4 is the risk indicator.

The Risk Indicator is used in conjunction with the Financial Strength Indicator. The Risk Indicator reflects D&B's opinion of the risk associated with trading with a specific business, notably the likelihood of business continuance or failure over the next 12 months. Created from expert rules systems, the Risk Indicator is refreshed whenever data is loaded onto our databases. Please see the table below for the Risk Indicators and their corresponding values.

  Risk Indicators  
  4 Significant level of risk Take suitable assurances before extending credit
 
  3 Greater than average risk Proceed with transaction but monitor closely
 
  2 Low risk Proceed with transaction
 
  1 Minimal risk Proceed with transaction - offer terms required
 
  - Insufficient information to assign a risk indicator No public information or D&B proprietary information available to indicate trading activity
 

The Financial Strength Indicator is based on either Net Worth or Issued Capital. The table below contains the possible values.

  Financial Strength Indicator Range  
  Net Worth Capital FROM TO  
  5A 5AA $60 million And above  
  4A 4AA $25 million $60 million  
  3A 3AA $12 million $25 million  
  2A 2AA $2.5 million $12 million  
  1A 1AA $1.2 million $2.5 million  
  A AA $600,000 $1.2 million  
  B BB $345,000 $600,000  
  C CC $175,000 $345,000  
  D DD $120,000 $175,000  
  E EE $60,000 $120,000  
  F FF $35,000 $60,000  
  G GG $15,000 $35,000  
  H HH 0 $15,000  
  Alternate Ratings Used  
  N Financial Strength is negative  
  O Financial Strength is undisclosed  
  NB New Business: Less than 24 months  
  NQ Out of Business: Business has ceased to trade  

Financial Ratio Glossary

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Financial Ratio Glossary

Key Business Ratios are used to identify irregularities in the status and future potential of a company.

Name Formula Explanation
Current Ratio (x) Total Current Assets / Total Current Liabilities This ratio shows the cover by current assets of short term creditors, and the higher the ratio the more assurance there is that payment of creditors can be met.
Solvency Ratio % ((Total Current + Deferred + Long Term Liabilities) / Tangible Net Worth) x 100 From this can be seen the extent to which the company is financed by creditors and debt rather than permanent finance.

The higher the ratio the more likely it is that debt (either short term or long term) will be a burden to the company. The effect is higher interest charges, lower profits and a squeeze on liquidity to the disadvantage of creditors.
Fixed Assets to Net Worth (%) (Total Fixed Assets / Tangible Net Worth)x 100 The proportion of net worth that consists of fixed assets will vary greatly from industry to industry, but in general terms a company is under capitalised if fixed assets exceed net worth. In this case it is possible that the company has too much debt, and it should therefore be examined with care.

If on the other hand fixed assets are much lower than net worth the company is over capitalised and is either extremely cautious or in a position to expand. thus a ratio either well in excess of the median, or well below it, means that the company should be looked at with care.
Current Liabilities to Net Worth (%) (Total Current Liabilities / Tangible Net Worth) x100 This contrasts the funds that creditors are temporarily risking with a company with the funds permanently invested by the owners.

The higher the ratio the less security for creditors. Care should be exercised when selling to any company with creditors of less than one year exceeding two thirds of net worth.
Asset Turnover (%) (Turnover / Total Assets(including Intangibles)) x 100 This ratio measures how efficient the company's management has been in generating sales from the assets at its disposal.

The measure can vary considerably from industry to industry and should therefore be judged according to the industry norm.
Sales to net working capital (x) Turnover / Net working capital * This ratio indicates whether a company is overtrading (handling an excessive volume of sales in relation to working capital). Companies with substantial sales gains often reach a level where their working capital becomes strained.

Even if they maintain an adequate total investment for the volume being generated (assets to sales) that investment may be so centred in fixed assets or other non-current items that it will be difficult to continue meeting all current obligations. A ratio falling into either an extremely high or low position may indicate potential problems.
Assets to Sales (%) (Total Assets(including Intagibles) / Turnover) x 100 This correlates sales with the total investment that is used to generate those sales. By comparing a company's ratio with industry norms it can be be determined whether the business is overtrading or conversely, carrying more assets than needed for its sales volume.

Abnormally low ratios can indicate overtrading which may lead to financial difficulties if not corrected. Extremely high ratios can be the result of a too conservative management or too low a level of turnover.
Profit Margin (%) (Profit before Tax / Turnover) x 100 This reveals the profits earned per pound of sales and therefore measures the efficiency of the operation.

This ratio is an indicator of the business'ability to withstand adverse conditions such as falling prices, rising costs or declining sales
Shareholders' Return (%) (Profit before Tax / Tangible Net Worth*) x 100 This ratio is used to analyse the ability of the company's management to realise an adequate return on the capital invested by the owners of the business. There is a tendency to look increasingly to this ratio as a final measure of profitability.

Generally, a relationship of at least 10% is regarded as desirable for providing dividends plus funds for future growth.
Return on assets (%) (Profit before Tax / Total Assets) x 100 This is the key indicator of profitability for a company it matches operational profits with the assets available to earn a return.

Companies using their assets efficiently will have a relative high return while less well run businesses will have a relatively low return
Sales per Employee (000) Turnover / Employees This gives an indication of the efficiency of the labour force. This ratio will vary considerable from industry to industry
Profit per Employee (000) Profit before Tax / Employees This ratio gives a guide as to how effectively the labour force is utilised, and is the best way to measure productivity of labour investment

Glossary of Legal Forms

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Glossary of Legal Forms

Legal Form Legal Form (local)
Private Limited Co Osaühing (OÜ)
Public Limited Co (Joint-Stock Co) Aktsiaselts (AS)
Partnership Täisühing (TÜ)
Limited Partnership Usaldusühing (UÜ)
Co-Operative Tulundusühistu
Sole Proprietor Füüsilisest isikust ettevõtja (FIE)
Societas Europaea Euroopa äriühing
Branch Filiaal
Non-Profitmaking Association Mittetulundusühistu (MTÜ)
Foundation Sihtasutus (SA)
Legal Person in Public Law Avalik-õiguslik juriidiline isik
City Administrative Agency Linna ametiasutus
Constitutional Institution Põhiseaduslik institutsioon
State Institution Administered by a Goverment Agency Valitsusasutuse hallatav riigiasutus
Government Agency Valitsusasutus
Regional Office of a Government Agency Valitsusasutuse kohalik asutus

Glossary of Currencies

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Glossary of Currencies

Abbrev. Currency Name Abbrev. Currency Name
AMD Armenian Dram LAT Latvian Lats
AZM Azerbaijani Manat (Old) LEI Romanian Lei (Old)
AZN Azerbaijani Manat (New) LEK Albanian Lek
BAM Bosnia-Herzegovina Convertible Mark LEV Bulgarian Levs
BLR Belarusian Rouble LTS Lithuanian Litas
RSD Serbian Dinar MAL Maltese Lira
CYL Cypriot Pounds MLL Moldovan Leu
DRA Greek Drachma RON Romanian Lei (New)
EUR Euro ROU Russian Roubles
EEK Estonian Kroon TJS Tajik Somoni
GBL Gibraltan Pounds TKM Turkmen Manat
GEL Georgian Lari TUL Turkish Lira (old)
HRD Croatian Dinar UKL Pounds Sterling UK
HRK Croatian Kuna USD U S Dollars
HRY Ukrainian Hryvnia UZS Uzbekistani Sum
IKR Icelandic Krona YTL Turkish Lira (new)
KYS Kyrgyzstani Som YUD Yugoslavian Dinar
KZT Kazakhstani Tenge ZWD Zimbabwe Dollars

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  This report is forwarded to the Subscriber in strict confidence for the use by the Subscriber as one factor to consider in connection with credit and other business decisions. This report contains information compiled from information which Dun & Bradstreet does not control and which has not been verified unless otherwise indicated in this report. Dun & Bradstreet therefore cannot accept responsibility for the accuracy, completeness or timeliness of the report. Dun & Bradstreet disclaims all liability for any loss or damage arising out of or in anyway related to the contents of this report.

COPYRIGHT 2013 DUN & BRADSTREET. THIS REPORT MAY NOT BE REPRODUCED IN WHOLE OR IN PART IN ANY FORM OR MANNER WHATSOEVER.
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