MIRA INFORM REPORT

 

 

Report Date :

04.09.2007

 

IDENTIFICATION DETAILS

 

Name :

LILLEBORG AS

 

 

Registered Office :

PB 4236 Nydalen, 0401 Oslo NO

 

 

Country :

Norway

 

 

Financials (as on) :

31.12.2006

 

 

Date of Incorporation :

1912

 

 

Com. Reg. No.:

911161230

 

 

Legal Form :

Private/Public Limited company

 

 

Line of Business :

Manufacture of soap and detergents, cleaning and polishing preparations, perfumes and toilet

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Aa

 

RATING

STATUS

PROPOSED CREDIT LINE

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

 

Maximum Credit Limit :

5000000 NOK

 

 

Status :

Good

 

 

Payment Behaviour :

Usually correct

 

 

Litigation :

Clear

name & address

 

LILLEBORG AS

PB 4236 NYDALEN

0401 OSLO NO

Tel. Number       +47--22895000

Fax number       +47--22157489

 

 

Business founded

00 1912

Business registered

16 November 1988 - Private/Public Limited company

Registration number,

911161230,

Legal form

Private/Public Limited company

Activities

Manufacture of soap and detergents, cleaning and polishing preparations, perfumes and toilet

Payment experience

Payment incident

Debt collection .21 July 2007

 2000

Debt collection .16 July 2007

 4125

Debt collection .09 July 2007

 17800

Debt collection .28 June 2007

 1531

Debt collection .25 June 2007

 217

Debt collection .25 June 2007

 230

Debt collection .25 June 2007

 277

Debt collection .18 June 2007

 6041

Debt collection .18 June 2007

 1972

 

 

Credit opinion

High creditworthiness

 

Maximum credit limit 5000000 NOK is advised

 

 

Employees (Business)

 674

Total share capital

NOK 17585000

Bank

DNB NOR BANK ASA   

Boardmembers

OPEDAL DAG JAKOB   Chairman of the board

 

ENGELAND ROAR   Boardmember

 

MYRBERG HILDE   Boardmember

 

SOLHAUG INGER JOHANNE   Boardmember

 

GRESVIG AASE M G   Boardmember

 

SALTE SIDSEL E KJELDAAS   Boardmember

 

HELMERSEN !OYSTEIN   Boardmember

 

LIAB!O GUNHILD MARIE   Boardmember

Management

NORDBERG TORKILD   Managing director

(Part-) Owner

910747711   ORKLA ASA   100 %   Shareholder

Parent company :

910747711   ORKLA ASA   100 %   

Subsidiary company.

980475484   SOLIDOX AS   100 %   

 

982405076   HELT RENT AS   100 %   

 

N!ODINGE AB   100 %   

 

982582024   DEFINE AS   100 %   

 

882773442   PLUSSTID AS   100 %   

 

912692094   LA MOTE AS   100 %   

 

959709955   M!OLLER PETER AS   100 %   

 

LILLEBORG AB   100 %   

 

982299306   SUNSILK AS   100 %   

 

930146161   KLORINGFABRIKKEN AS   100 %   

Associate company.

923248579   JOTUN AS   42 %   

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

18.134.000,-

Total intangible fixed assets

33.282.000,-

Land and buildings

170.757.000,-

Plant, machinery and equipment

0,-

Total tangible fixed assets

180.955.000,-

Subordinate loan capital

0,-

Total financial fixed assets

242.382.000,-

Total fixed assets

456.619.000,-

Inventories and work in progress (incl. prepayments)

152.381.000,-

Accounts receivable (trade)

263.696.000,-

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)

1.002.000,-

Cash in hand and at bank

156.619.000,-

Total Current assets

1.278.214.000,-

Total assets incl. prepaid expenses and accrued income

1.734.833.000,-

Issued (subscribed) capital

17.585.000,-

Share premium account (capital reserve)

0,-

Profit reserves

339.709.000,-

Total equity (Shareholders' funds)

446.858.000,-

Minority interests

0,-

Total provisions

71.263.000,-

Long-term liabilities to credit institutions

0,-

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

1.234.000,-

Long-term Loans, Mortgage debts

0,-

Total long-term liabilities

1.234.000,-

Current liabilities to credit institutions

0,-

Current accounts payable (trade)

86.078.000,-

Income and social tax liabilities

0,-

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

899.247.000,-

Total current liabilities

1.215.478.000,-

Total liabilities

1.216.712.000,-

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

1.734.833.000,-

Operating margin

15,-

Current ratio

1,-

Equity ratio

26,-

Debt-equity ratio

3,-

Interest Cover

229,-

Cash flow

17,-

Stock financing

41,-

Return on equity

70,-

Total return

23,-

 

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

Concessions and industrial rights, goodwill

21.997.000,-

Total intangible fixed assets

21.997.000,-

Land and buildings

116.489.000,-

Plant, machinery and equipment

0,-

Total tangible fixed assets

172.023.000,-

Subordinate loan capital

0,-

Total financial fixed assets

240.456.000,-

Total fixed assets

434.476.000,-

Inventories and work in progress (incl. prepayments)

126.415.000,-

Accounts receivable (trade)

232.202.000,-

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)

1.417.000,-

Cash in hand and at bank

39.187.000,-

Total Current assets

1.128.648.000,-

Total assets incl. prepaid expenses and accrued income

1.563.124.000,-

Issued (subscribed) capital

17.585.000,-

Share premium account (capital reserve)

0,-

Profit reserves

799.045.000,-

Total equity (Shareholders' funds)

904.572.000,-

Minority interests

0,-

Total provisions

118.738.000,-

Long-term liabilities to credit institutions

0,-

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

1.234.000,-

Long-term Loans, Mortgage debts

0,-

Total long-term liabilities

1.234.000,-

Current liabilities to credit institutions

0,-

Current accounts payable (trade)

96.284.000,-

Income and social tax liabilities

28.384.000,-

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

192.557.000,-

Total current liabilities

538.580.000,-

Total liabilities

539.814.000,-

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

1.563.124.000,-

Operating margin

15,-

Current ratio

2,-

Equity ratio

58,-

Debt-equity ratio

1,-

Interest Cover

177,-

Cash flow

16,-

Stock financing

467,-

Return on equity

31,-

Total return

24,-

 

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

Concessions and industrial rights, goodwill

15.628.000,-

Total intangible fixed assets

18.937.000,-

Land and buildings

118.991.000,-

Plant, machinery and equipment

0,-

Total tangible fixed assets

183.697.000,-

Subordinate loan capital

0,-

Total financial fixed assets

300.367.000,-

Total fixed assets

503.001.000,-

Inventories and work in progress (incl. prepayments)

120.815.000,-

Accounts receivable (trade)

219.755.000,-

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

865.139.000,-

Total Current assets

1.216.577.000,-

Total assets incl. prepaid expenses and accrued income

1.719.578.000,-

Issued (subscribed) capital

17.585.000,-

Share premium account (capital reserve)

0,-

Profit reserves

547.104.000,-

Total equity (Shareholders' funds)

652.631.000,-

Minority interests

0,-

Total provisions

21.434.000,-

Long-term liabilities to credit institutions

0,-

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

265.683.000,-

Long-term Loans, Mortgage debts

0,-

Total long-term liabilities

265.683.000,-

Current liabilities to credit institutions

0,-

Current accounts payable (trade)

83.924.000,-

Income and social tax liabilities

15.718.000,-

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

700.511.000,-

Total current liabilities

779.830.000,-

Total liabilities

1.045.513.000,-

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

1.719.578.000,-

Operating margin

15,-

Current ratio

2,-

Equity ratio

38,-

Debt-equity ratio

2,-

Interest Cover

232,-

Cash flow

16,-

Stock financing

362,-

Return on equity

39,-

Total return

20,-

 

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

Main revenue (sales/turnover)

1.898.040.000,-

Total operating income/revenue

1.957.234.000,-

Cost of materials (type of expenditure format)

-864.392.000,-

Personnel costs

-289.190.000,-

Depreciation

0,-

Total operating expenses

-1.662.900.000,-

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

294.334.000,-

Financial income

110.957.000,-

Financial expenses

-1.772.000,-

Result of ordinary operations

403.519.000,-

Extraordinary income

0,-

Extraordinary expenses

0,-

Extraordinary result

0,-

Taxes

-91.693.000,-

Net profit or loss

311.826.000,-

Appropriations

-311.825.000,-

 

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

Main revenue (sales/turnover)

1.846.929.000,-

Total operating income/revenue

1.895.955.000,-

Cost of materials (type of expenditure format)

-848.703.000,-

Personnel costs

-262.664.000,-

Depreciation

0,-

Total operating expenses

-1.602.271.000,-

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

293.684.000,-

Financial income

79.866.000,-

Financial expenses

-2.116.000,-

Result of ordinary operations

371.434.000,-

Extraordinary income

0,-

Extraordinary expenses

0,-

Extraordinary result

0,-

Taxes

-88.874.000,-

Net profit or loss

282.560.000,-

Appropriations

-282.560.000,-

 

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

Main revenue (sales/turnover)

1.824.736.000,-

Total operating income/revenue

1.856.466.000,-

Cost of materials (type of expenditure format)

-820.914.000,-

Personnel costs

-265.365.000,-

Depreciation

0,-

Total operating expenses

-1.577.158.000,-

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

279.309.000,-

Financial income

63.146.000,-

Financial expenses

-1.474.000,-

Result of ordinary operations

340.980.000,-

Extraordinary income

0,-

Extraordinary expenses

0,-

Extraordinary result

0,-

Taxes

-84.675.000,-

Net profit or loss

256.305.000,-

Appropriations

-256.305.000,-

 

Turnover for the period: 31 August 2007 - 31 August 2007  in  NOK 17.585.000,00

 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