MIRA INFORM REPORT

 

Report Date :

12.10.2007

 

IDENTIFICATION DETAILS

 

Name :

DAHL BRODRENE AS

 

 

Registered Office :

Pb 6146 Etterstad, 0602 Oslo NO

 

 

Country :

Norway

 

 

Financials (as on) :

31.12.2006

 

 

Date of Incorporation :

1987

 

 

Com. Reg. No.:

945757280

 

 

Legal Form :

Private / Public Limited company

 

 

Line of Business :

Agents involved in the sale of timber and building materials

 

 

RATING & COMMENTS

 

MIRA’s Rating :

A

 

RATING

STATUS

PROPOSED CREDIT LINE

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

 

Maximum Credit Limit :

5000000 NOK

 

 

Status :

Good

 

 

Payment Behaviour :

Regular

 

 

Litigation :

Clear

 

 

name & address

 

DAHL BRODRENE AS

PB 6146 ETTERSTAD

0602 OSLO NO

Tel. Number       +47--22725500

Fax number       +47--22658765

web-address      WWW.DAHL.NO

 

 

Business founded

00 1987

Business registered

21 October 1988 - Private/Public Limited company

Business last updated

11 October 2007

Registration number,

945757280,

Legal form

Private/Public Limited company

Activities

Agents involved in the sale of timber and building materials

 

 

Payment experience

Payment incident

Credit opinion

High creditworthiness

 

Maximum credit limit 5000000 NOK is advised

Employees (Business)

 894

Debt collection .23 August 2007

 2909

Debt collection .21 August 2007

 2355

Debt collection .06 August 2007

 2000

Debt collection .02 August 2007

 1061

Debt collection .28 June 2007

 1093

Debt collection .19 June 2007

 1506

Debt collection .15 September 2006

 235969

Debt collection .08 February 2006

 42099

Debt collection .09 August 2005

 1794

Total share capital

NOK 22400000

Bank

FOKUS BANK ASA   

Boardmembers

MALO K!ARE IVAR OLSEN   Chairman of the board

 

OLSEN ARNE ERIK   Boardmember

 

NORBERG MATS SIXTEN   Boardmember

 

DRAMSTAD TOVE   Boardmember

 

SVENDSEN MARIAN   Boardmember

Management

OLSEN ARNE ERIK   Managing director

(Part-) Owner

DAHL HOLDING AB   100 %   Shareholder

Parent company :

DAHL HOLDING AB   100 %   

Subsidiary company.

810203722   ANDERSEN TRYGVE AS   100 %   

 

936200427   DAHL MILJ!O AS   100 %   

 

DAHL BR!ODRENE ROMANIA SRL   100 %   

 

951425281   NORSK R!ORSENTER AS   53 %   

Authorized signature.

   Two members jointly

 

 

 

Corporate balance sheet for the year: 01 January 2006 - 31 December 2006  in  NOK 

Concessions and industrial rights, goodwill

0,-

Total intangible fixed assets

35.602.000,-

Land and buildings

3.898.000,-

Plant, machinery and equipment

0,-

Total tangible fixed assets

84.483.000,-

Subordinate loan capital

0,-

Total financial fixed assets

353.774.000,-

Total fixed assets

473.859.000,-

Inventories and work in progress (incl. prepayments)

407.347.000,-

Accounts receivable (trade)

490.742.000,-

Outstanding deposit on the subscribed capital, from which amount called

0,-

Receivables from affiliates and companies in which participations are held

0,-

Investments (short-term)

0,-

Cash in hand and at bank

2.717.000,-

Total Current assets

935.842.000,-

Total assets incl. prepaid expenses and accrued income

1.409.701.000,-

Issued (subscribed) capital

22.400.000,-

Share premium account (capital reserve)

0,-

Profit reserves

406.990.000,-

Total equity (Shareholders' funds)

429.390.000,-

Minority interests

0,-

Total provisions

70.461.000,-

Long-term liabilities to credit institutions

0,-

Long-term payables to affiliated companies and to companies in which participations are held

86.226.000,-

Long-term Loans, Mortgage debts

85.908.000,-

Total long-term liabilities

172.134.000,-

Current liabilities to credit institutions

0,-

Current accounts payable (trade)

334.167.000,-

Income and social tax liabilities

75.604.000,-

Current payables to affiliated companies and to companies in which participations are held

328.879.000,-

Total current liabilities

737.717.000,-

Total liabilities

909.851.000,-

Total equity, provisions, liabilities, accrued expenses and deferred income

1.409.702.000,-

Operating margin

8,-

Current ratio

1,-

Equity ratio

30,-

Debt-equity ratio

2,-

Interest Cover

18,-

Cash flow

6,-

Stock financing

49,-

Return on equity

48,-

Total return

22,-

 

Corporate balance sheet for the year: 01 January 2005 - 31 December 2005  in  NOK 

Concessions and industrial rights, goodwill

0,-

Total intangible fixed assets

48.348.000,-

Land and buildings

3.898.000,-

Plant, machinery and equipment

0,-

Total tangible fixed assets

75.537.000,-

Subordinate loan capital

0,-

Total financial fixed assets

30.694.000,-

Total fixed assets

154.579.000,-

Inventories and work in progress (incl. prepayments)

311.448.000,-

Accounts receivable (trade)

467.749.000,-

Outstanding deposit on the subscribed capital, from which amount called

0,-

Receivables from affiliates and companies in which participations are held

0,-

Investments (short-term)

0,-

Cash in hand and at bank

2.249.000,-

Total Current assets

853.465.000,-

Total assets incl. prepaid expenses and accrued income

1.008.044.000,-

Issued (subscribed) capital

22.400.000,-

Share premium account (capital reserve)

0,-

Profit reserves

347.299.000,-

Total equity (Shareholders' funds)

369.699.000,-

Minority interests

0,-

Total provisions

116.410.000,-

Long-term liabilities to credit institutions

0,-

Long-term payables to affiliated companies and to companies in which participations are held

35.956.000,-

Long-term Loans, Mortgage debts

0,-

Total long-term liabilities

35.956.000,-

Current liabilities to credit institutions

1.388.000,-

Current accounts payable (trade)

274.714.000,-

Income and social tax liabilities

68.925.000,-

Current payables to affiliated companies and to companies in which participations are held

107.116.000,-

Total current liabilities

485.979.000,-

Total liabilities

521.935.000,-

Total equity, provisions, liabilities, accrued expenses and deferred income

1.008.044.000,-

Operating margin

8,-

Current ratio

2,-

Equity ratio

37,-

Debt-equity ratio

2,-

Interest Cover

22,-

Cash flow

6,-

Stock financing

118,-

Return on equity

47,-

Total return

25,-

 

Corporate balance sheet for the year: 01 January 2004 - 31 December 2004  in  NOK 

Concessions and industrial rights, goodwill

1.500.000,-

Total intangible fixed assets

24.175.000,-

Land and buildings

3.898.000,-

Plant, machinery and equipment

0,-

Total tangible fixed assets

63.208.000,-

Subordinate loan capital

0,-

Total financial fixed assets

21.002.000,-

Total fixed assets

108.385.000,-

Inventories and work in progress (incl. prepayments)

298.971.000,-

Accounts receivable (trade)

425.187.000,-

Outstanding deposit on the subscribed capital, from which amount called

0,-

Receivables from affiliates and companies in which participations are held

0,-

Investments (short-term)

0,-

Cash in hand and at bank

76.954.000,-

Total Current assets

808.552.000,-

Total assets incl. prepaid expenses and accrued income

916.937.000,-

Issued (subscribed) capital

22.400.000,-

Share premium account (capital reserve)

0,-

Profit reserves

308.692.000,-

Total equity (Shareholders' funds)

331.092.000,-

Minority interests

0,-

Total provisions

36.039.000,-

Long-term liabilities to credit institutions

35.691.000,-

Long-term payables to affiliated companies and to companies in which participations are held

0,-

Long-term Loans, Mortgage debts

0,-

Total long-term liabilities

35.691.000,-

Current liabilities to credit institutions

4.048.000,-

Current accounts payable (trade)

287.266.000,-

Income and social tax liabilities

43.705.000,-

Current payables to affiliated companies and to companies in which participations are held

111.975.000,-

Total current liabilities

514.115.000,-

Total liabilities

549.806.000,-

Total equity, provisions, liabilities, accrued expenses and deferred income

916.937.000,-

Operating margin

6,-

Current ratio

2,-

Equity ratio

36,-

Debt-equity ratio

2,-

Interest Cover

8,-

Cash flow

4,-

Stock financing

98,-

Return on equity

29,-

Total return

18,-

 

Corporate profit and loss account for the year: 01 January 2006 - 31 December 2006  in  NOK 

Main revenue (sales/turnover)

3.629.117.000,-

Total operating income/revenue

3.629.117.000,-

Cost of materials (type of expenditure format)

-2.609.180.000,-

Personnel costs

-335.720.000,-

Depreciation

0,-

Total operating expenses

-3.328.419.000,-

Gross profit or loss after cost of materials or after cost of goods sold

300.698.000,-

Financial income

6.447.000,-

Financial expenses

-16.716.000,-

Result of ordinary operations

290.429.000,-

Extraordinary income

0,-

Extraordinary expenses

0,-

Extraordinary result

0,-

Taxes

-85.314.000,-

Net profit or loss

205.115.000,-

Appropriations

-205.115.000,-

 

Corporate profit and loss account for the year: 01 January 2005 - 31 December 2005  in  NOK 

Main revenue (sales/turnover)

3.188.983.000,-

Total operating income/revenue

3.188.983.000,-

Cost of materials (type of expenditure format)

-2.268.654.000,-

Personnel costs

-341.771.000,-

Depreciation

0,-

Total operating expenses

-2.943.734.000,-

Gross profit or loss after cost of materials or after cost of goods sold

245.249.000,-

Financial income

4.729.000,-

Financial expenses

-11.297.000,-

Result of ordinary operations

238.681.000,-

Extraordinary income

0,-

Extraordinary expenses

0,-

Extraordinary result

0,-

Taxes

-65.097.000,-

Net profit or loss

173.584.000,-

Appropriations

-173.584.000,-

 

Corporate profit and loss account for the year: 01 January 2004 - 31 December 2004  in  NOK 

Main revenue (sales/turnover)

2.735.592.000,-

Total operating income/revenue

2.735.592.000,-

Cost of materials (type of expenditure format)

-1.956.888.000,-

Personnel costs

-318.927.000,-

Depreciation

0,-

Total operating expenses

-2.578.445.000,-

Gross profit or loss after cost of materials or after cost of goods sold

157.147.000,-

Financial income

4.603.000,-

Financial expenses

-21.031.000,-

Result of ordinary operations

140.719.000,-

Extraordinary income

0,-

Extraordinary expenses

0,-

Extraordinary result

0,-

Taxes

-46.077.000,-

Net profit or loss

94.642.000,-

Appropriations

-94.642.000,-

 

Turnover for the period: 11 October 2007 - 11 October 2007  in  NOK 22.400.000,00

 Fully paid in share capital: 

 

 

 

 

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

Unfavourable & favourable factors carry similar weight in credit consideration. 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

NR

In view of the lack of information, we have no basis upon which to recommend credit dealings

No Rating

 

 

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%)

 

 

 

 

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