MIRA INFORM REPORT

 

 

Report Date :

26.04.2008

 

 

IDENTIFICATION DETAILS

 

Name :

EVACSIM AS

 

 

Registered Office :

Bjørkeveien 34. N-3179 Åsgårdstrand

 

 

Country :

Norway

 

 

Financials (as on) :

31.12.2006

 

 

Date of Incorporation :

00 2005

 

 

Com. Reg. No.:

988063169

 

 

Legal Form :

Private/Public Limited Company

 

 

Line of Business :

Architectural and Engineering Activities and related Technical Consultancy

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Unfavourable & favourable factors carry similar weight in credit consideration. Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Small Company

 

 

Payment Behaviour :

Regular

 

 

Litigation :

Clear

 

name & address

 

EVACSIM AS

 Bjørkeveien 34.

 N-3179 Åsgårdstrand NO

Tel. Number +47—33039558

 

 

 

Business founded

00 2005

Business registered

12 April 2005 - Private/Public Limited company

Registration number,

988063169,

Legal form

Private/Public Limited company

Activities

No Match!

 

Architectural and engineering activities and related technical consultancy

Payment experience

Payment regular

Total share capital

NOK 100000

Board members

HALTBREKKEN THOR   Chairman of the board

Management

HALTBREKKEN THOR   Managing director

(Part-) Owner

HALTBREKKEN THOR   80 %   Shareholder

 

HALTBREKKEN KJELL   20 %   Shareholder

Authorized signature.

   The Managing Director

 

 

 

 

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

Concessions and industrial rights, goodwill

0,-

Total intangible fixed assets

0,-

Land and buildings

0,-

Plant, machinery and equipment

0,-

Total tangible fixed assets

0,-

Subordinate loan capital

0,-

Total financial fixed assets

0,-

Total fixed assets

0,-

Inventories and work in progress (incl. prepayments)

27.000,-

Accounts receivable (trade)

22.000,-

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

110.000,-

Total Current assets

178.000,-

Total assets incl. prepaid expenses and accrued income

178.000,-

Issued (subscribed) capital

100.000,-

Share premium account (capital reserve)

0,-

Profit reserves

38.000,-

Total equity (Shareholders' funds)

138.000,-

Minority interests

0,-

Total provisions

0,-

Long-term liabilities to credit institutions

0,-

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

0,-

Current liabilities to credit institutions

0,-

Current accounts payable (trade)

41.000,-

Income and social tax liabilities

0,-

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

0,-

Total current liabilities

41.000,-

Total liabilities

41.000,-

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

179.000,-

Operating margin

-18,-

Current ratio

4,-

Equity ratio

77,-

Debt-equity ratio

0,-

Interest Cover

0,-

Cash flow

-18,-

Stock financing

507,-

Return on equity

-171,-

Total return

-132,-

 

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

Concessions and industrial rights, goodwill

0,-

Total intangible fixed assets

0,-

Land and buildings

0,-

Plant, machinery and equipment

0,-

Total tangible fixed assets

0,-

Subordinate loan capital

0,-

Total financial fixed assets

0,-

Total fixed assets

0,-

Inventories and work in progress (incl. prepayments)

8.000,-

Accounts receivable (trade)

228.000,-

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

480.000,-

Total Current assets

718.000,-

Total assets incl. prepaid expenses and accrued income

718.000,-

Issued (subscribed) capital

100.000,-

Share premium account (capital reserve)

0,-

Profit reserves

274.000,-

Total equity (Shareholders' funds)

374.000,-

Minority interests

0,-

Total provisions

0,-

Long-term liabilities to credit institutions

0,-

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

0,-

Current liabilities to credit institutions

0,-

Current accounts payable (trade)

46.000,-

Income and social tax liabilities

104.000,-

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

0,-

Total current liabilities

344.000,-

Total liabilities

344.000,-

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

718.000,-

Operating margin

20,-

Current ratio

2,-

Equity ratio

52,-

Debt-equity ratio

1,-

Interest Cover

0,-

Cash flow

15,-

Stock financing

4.675,-

Return on equity

73,-

Total return

53,-

 

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

Main revenue (sales/turnover)

1.304.000,-

Total operating income/revenue

1.304.000,-

Cost of materials (type of expenditure format)

-1.439.000,-

Personnel costs

0,-

Depreciation

0,-

Total operating expenses

-1.541.000,-

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

-237.000,-

Financial income

1.000,-

Financial expenses

0,-

Result of ordinary operations

-236.000,-

Extraordinary income

0,-

Extraordinary expenses

0,-

Extraordinary result

0,-

Taxes

0,-

Net profit or loss

-236.000,-

Appropriations

236.000,-

 

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

Main revenue (sales/turnover)

1.883.000,-

Total operating income/revenue

1.883.000,-

Cost of materials (type of expenditure format)

-1.437.000,-

Personnel costs

0,-

Depreciation

0,-

Total operating expenses

-1.505.000,-

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

378.000,-

Financial income

0,-

Financial expenses

0,-

Result of ordinary operations

378.000,-

Extraordinary income

0,-

Extraordinary expenses

0,-

Extraordinary result

0,-

Taxes

-104.000,-

Net profit or loss

274.000,-

Appropriations

-274.000,-

 

Turnover for the period: 25 April 2008 - 25 April 2008  in  NOK 100.000,00

 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