MIRA INFORM REPORT

 

 

Report Date :

19.10.2007

 

IDENTIFICATION DETAILS

 

Name :

LIBRA-PLAST AS

 

 

Registered Office :

6060 Hareid No

 

 

Country :

Norway

 

 

Financials (as on) :

31.12.2006

 

 

Date of Incorporation :

1988

 

 

Com. Reg. No.:

950603739

 

 

Legal Form :

Private/Public Limited company

 

 

Line of Business :

Manufacture of builders' carpentry and joinery

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Maximum Credit Limit :

964000 NOK

 

 

Status :

Satisfactory

 

 

Payment Behaviour :

Regular

 

 

Litigation :

Clear

 

 

name & address

 

LIBRA-PLAST AS

6060 HAREID NO

Tel. Number       +47--70095400

Fax number       +47--70095401

web-address      WWW.LIBRA.NO

 

 

Business founded

00 1988

Business registered

09 March 1989 - Private/Public Limited company

Registration number,

950603739,

Legal form

Private/Public Limited company

Activities

No Match!

 

Manufacture of builders' carpentry and joinery

 

No Match!

 

No Match!

Payment experience

Payment regular

Credit opinion

Normal creditworthiness

 

Maximum credit limit 964000 NOK is advised

Employees (Business)

 33

Total share capital

NOK 3400000

Bank

SPAREBANKEN M!ORE   

Boardmembers

HADDAL K!ARE AUDUN   Chairman of the board

 

LILLEB!O ARNE   Boardmember

 

LILLEB!O ANDERS   Boardmember

Management

PIEROTH EINAR BJ!ORN   Managing director

(Part-) Owner

813872072   LIBRA EIENDOM AS   91 %   Shareholder

 

PIEROTH EINAR BJ!ORN   9 %   Shareholder

Parent company :

813872072   LIBRA EIENDOM AS   91 %   

Subsidiary company.

SIA LIBRA PLAST,SALDUS LATVIA   100 %   

Authorized signature.

   The Chairman and a member jointly

 

 

 

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

Concessions and industrial rights, goodwill

100.000,-

Total intangible fixed assets

194.000,-

Land and buildings

0,-

Plant, machinery and equipment

829.000,-

Total tangible fixed assets

1.518.000,-

Subordinate loan capital

0,-

Total financial fixed assets

233.000,-

Total fixed assets

1.945.000,-

Inventories and work in progress (incl. prepayments)

9.908.000,-

Accounts receivable (trade)

13.717.000,-

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

1.415.000,-

Total Current assets

26.800.000,-

Total assets incl. prepaid expenses and accrued income

28.745.000,-

Issued (subscribed) capital

3.400.000,-

Share premium account (capital reserve)

0,-

Profit reserves

2.287.000,-

Total equity (Shareholders' funds)

6.432.000,-

Minority interests

0,-

Total provisions

203.000,-

Long-term liabilities to credit institutions

4.388.000,-

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

4.388.000,-

Current liabilities to credit institutions

2.826.000,-

Current accounts payable (trade)

7.576.000,-

Income and social tax liabilities

912.000,-

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

0,-

Total current liabilities

17.722.000,-

Total liabilities

22.110.000,-

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

28.745.000,-

Operating margin

6,-

Current ratio

2,-

Equity ratio

22,-

Debt-equity ratio

3,-

Interest Cover

9,-

Cash flow

5,-

Stock financing

92,-

Return on equity

43,-

Total return

14,-

 

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

Concessions and industrial rights, goodwill

200.000,-

Total intangible fixed assets

200.000,-

Land and buildings

0,-

Plant, machinery and equipment

966.000,-

Total tangible fixed assets

1.605.000,-

Subordinate loan capital

0,-

Total financial fixed assets

181.000,-

Total fixed assets

1.986.000,-

Inventories and work in progress (incl. prepayments)

7.093.000,-

Accounts receivable (trade)

6.322.000,-

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

1.088.000,-

Total Current assets

15.467.000,-

Total assets incl. prepaid expenses and accrued income

17.453.000,-

Issued (subscribed) capital

3.400.000,-

Share premium account (capital reserve)

0,-

Profit reserves

1.115.000,-

Total equity (Shareholders' funds)

5.260.000,-

Minority interests

0,-

Total provisions

0,-

Long-term liabilities to credit institutions

2.258.000,-

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

2.258.000,-

Current liabilities to credit institutions

1.102.000,-

Current accounts payable (trade)

4.411.000,-

Income and social tax liabilities

339.000,-

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

0,-

Total current liabilities

9.934.000,-

Total liabilities

12.192.000,-

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

17.452.000,-

Operating margin

2,-

Current ratio

2,-

Equity ratio

30,-

Debt-equity ratio

2,-

Interest Cover

6,-

Cash flow

3,-

Stock financing

78,-

Return on equity

14,-

Total return

7,-

 

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

Concessions and industrial rights, goodwill

300.000,-

Total intangible fixed assets

300.000,-

Land and buildings

0,-

Plant, machinery and equipment

1.337.000,-

Total tangible fixed assets

1.985.000,-

Subordinate loan capital

0,-

Total financial fixed assets

210.000,-

Total fixed assets

2.495.000,-

Inventories and work in progress (incl. prepayments)

6.060.000,-

Accounts receivable (trade)

6.842.000,-

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

995.000,-

Total Current assets

14.572.000,-

Total assets incl. prepaid expenses and accrued income

17.067.000,-

Issued (subscribed) capital

1.000.000,-

Share premium account (capital reserve)

0,-

Profit reserves

367.000,-

Total equity (Shareholders' funds)

2.112.000,-

Minority interests

0,-

Total provisions

48.000,-

Long-term liabilities to credit institutions

2.840.000,-

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

2.840.000,-

Current liabilities to credit institutions

1.359.000,-

Current accounts payable (trade)

4.888.000,-

Income and social tax liabilities

0,-

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

0,-

Total current liabilities

12.068.000,-

Total liabilities

14.908.000,-

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

17.068.000,-

Operating margin

2,-

Current ratio

1,-

Equity ratio

12,-

Debt-equity ratio

7,-

Interest Cover

2,-

Cash flow

3,-

Stock financing

41,-

Return on equity

13,-

Total return

4,-

 

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

Main revenue (sales/turnover)

67.013.000,-

Total operating income/revenue

67.021.000,-

Cost of materials (type of expenditure format)

-40.435.000,-

Personnel costs

-13.634.000,-

Depreciation

0,-

Total operating expenses

-63.201.000,-

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

3.821.000,-

Financial income

227.000,-

Financial expenses

-428.000,-

Result of ordinary operations

3.619.000,-

Extraordinary income

0,-

Extraordinary expenses

0,-

Extraordinary result

0,-

Taxes

-825.000,-

Net profit or loss

2.794.000,-

Appropriations

-2.794.000,-

 

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

Main revenue (sales/turnover)

45.559.000,-

Total operating income/revenue

45.591.000,-

Cost of materials (type of expenditure format)

-24.830.000,-

Personnel costs

-11.205.000,-

Depreciation

0,-

Total operating expenses

-44.508.000,-

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

1.083.000,-

Financial income

199.000,-

Financial expenses

-209.000,-

Result of ordinary operations

1.073.000,-

Extraordinary income

0,-

Extraordinary expenses

0,-

Extraordinary result

0,-

Taxes

-325.000,-

Net profit or loss

748.000,-

Appropriations

-748.000,-

 

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

Main revenue (sales/turnover)

33.941.000,-

Total operating income/revenue

34.053.000,-

Cost of materials (type of expenditure format)

-17.414.000,-

Personnel costs

-8.973.000,-

Depreciation

0,-

Total operating expenses

-33.440.000,-

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

613.000,-

Financial income

106.000,-

Financial expenses

-331.000,-

Result of ordinary operations

389.000,-

Extraordinary income

0,-

Extraordinary expenses

0,-

Extraordinary result

0,-

Taxes

-119.000,-

Net profit or loss

269.000,-

Appropriations

-269.000,-

 

Turnover : in  NOK 3.400.000,00

 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