MIRA INFORM REPORT

 

 

Report Date :

24.01.2008

 

IDENTIFICATION DETAILS

 

Name :

NILSSON ARVID NORGE AS

 

 

Registered Office :

 Vinjarmoen 2870 Dokka 

 

 

Country :

Norway

 

 

Financials (as on) :

31.12.2006

 

 

Date of Incorporation :

1990

 

 

Com. Reg. No.:

959514887

 

 

Legal Form :

Private/Public Limited company

 

 

Line of Business :

Wholesale of Hardware, Plumbing and Heating Equipment and Supplies

 

 

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 :

NOK  5000000

 

 

Status :

Good

 

 

Payment Behaviour :

Regular

 

 

Litigation :

Clear

name and address of the company

 

NILSSON ARVID NORGE AS

 VINJARMOEN

 2870 DOKKA NO

Tel. Number +47--61113000

Fax number +47--61113091

Web-address WWW.ARVIDNILSSON.COM

 

 

Business founded

00 1990

Business registered

10 January 1991 - Private/Public Limited company

Registration number,

959514887,

Legal form

Private/Public Limited company

Activities

Wholesale of hardware, plumbing and heating equipment and supplies

 

 

Payment experience

Payment regular

Credit opinion

High creditworthiness

 

Maximum credit limit 5000000 NOK is advised

Employees (Business)

 28

Total share capital

NOK 2750000

Bank

DNB NOR BANK ASA   

Board members

BR!ODB!EK STEEN GUNNER BRAN   Chairman of the board

 

NIELSEN HENRIK ALIFAS   Board member

 

BREITENSTEIN TINA   Board member

Management

HOEL ANDREAS   Managing director

(Part-) Owner

NILSSON ARVID AS   100 %   Shareholder

Parent company :

NILSSON ARVID AS   100 %   

Subsidiary company.

942850999   DOKKA FASTENERS AS   100 %   

 

 

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

Concessions and industrial rights, goodwill

0,-

Total intangible fixed assets

662.000,-

Land and buildings

0,-

Plant, machinery and equipment

80.000,-

Total tangible fixed assets

163.000,-

Subordinate loan capital

0,-

Total financial fixed assets

69.070.000,-

Total fixed assets

69.895.000,-

Inventories and work in progress (incl. prepayments)

6.137.000,-

Accounts receivable (trade)

32.847.000,-

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

2.200.000,-

Total Current assets

54.068.000,-

Total assets incl. prepaid expenses and accrued income

123.963.000,-

Issued (subscribed) capital

2.750.000,-

Share premium account (capital reserve)

40.942.000,-

Profit reserves

39.268.000,-

Total equity (Shareholders' funds)

82.960.000,-

Minority interests

0,-

Total provisions

857.000,-

Long-term liabilities to credit institutions

7.326.000,-

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

7.326.000,-

Current liabilities to credit institutions

0,-

Current accounts payable (trade)

5.415.000,-

Income and social tax liabilities

0,-

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

0,-

Total current liabilities

32.820.000,-

Total liabilities

40.146.000,-

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

123.963.000,-

Operating margin

10,-

Current ratio

2,-

Equity ratio

67,-

Debt-equity ratio

0,-

Interest Cover

14,-

Cash flow

24,-

Stock financing

346,-

Return on equity

47,-

Total return

34,-

 

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

75.000,-

Subordinate loan capital

0,-

Total financial fixed assets

4.572.000,-

Total fixed assets

4.647.000,-

Inventories and work in progress (incl. prepayments)

2.400.000,-

Accounts receivable (trade)

19.843.000,-

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

1.451.000,-

Total Current assets

39.447.000,-

Total assets incl. prepaid expenses and accrued income

44.094.000,-

Issued (subscribed) capital

2.250.000,-

Share premium account (capital reserve)

1.442.000,-

Profit reserves

0,-

Total equity (Shareholders' funds)

3.692.000,-

Minority interests

0,-

Total provisions

820.000,-

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

6.048.000,-

Current accounts payable (trade)

2.251.000,-

Income and social tax liabilities

0,-

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

0,-

Total current liabilities

39.582.000,-

Total liabilities

39.582.000,-

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

44.094.000,-

Operating margin

5,-

Current ratio

1,-

Equity ratio

8,-

Debt-equity ratio

11,-

Interest Cover

1,-

Cash flow

0,-

Stock financing

-6,-

Return on equity

-8,-

Total return

4,-

 

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

Concessions and industrial rights, goodwill

198.000,-

Total intangible fixed assets

198.000,-

Land and buildings

0,-

Plant, machinery and equipment

0,-

Total tangible fixed assets

564.000,-

Subordinate loan capital

0,-

Total financial fixed assets

10.456.000,-

Total fixed assets

11.219.000,-

Inventories and work in progress (incl. prepayments)

4.319.000,-

Accounts receivable (trade)

14.955.000,-

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

677.000,-

Total Current assets

20.168.000,-

Total assets incl. prepaid expenses and accrued income

31.387.000,-

Issued (subscribed) capital

2.000.000,-

Share premium account (capital reserve)

0,-

Profit reserves

-13.014.000,-

Total equity (Shareholders' funds)

3.987.000,-

Minority interests

0,-

Total provisions

827.000,-

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

6.008.000,-

Current accounts payable (trade)

2.328.000,-

Income and social tax liabilities

0,-

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

0,-

Total current liabilities

26.573.000,-

Total liabilities

26.573.000,-

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

31.387.000,-

Operating margin

-2,-

Current ratio

1,-

Equity ratio

13,-

Debt-equity ratio

7,-

Interest Cover

-7,-

Cash flow

-19,-

Stock financing

-148,-

Return on equity

-402,-

Total return

-44,-

 

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

Main revenue (sales/turnover)

162.439.000,-

Total operating income/revenue

162.439.000,-

Cost of materials (type of expenditure format)

-122.761.000,-

Personnel costs

-11.621.000,-

Depreciation

0,-

Total operating expenses

-145.404.000,-

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

17.036.000,-

Financial income

24.596.000,-

Financial expenses

-3.026.000,-

Result of ordinary operations

38.606.000,-

Extraordinary income

0,-

Extraordinary expenses

0,-

Extraordinary result

0,-

Taxes

662.000,-

Net profit or loss

39.268.000,-

Appropriations

-39.268.000,-

 

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

Main revenue (sales/turnover)

113.604.000,-

Total operating income/revenue

113.852.000,-

Cost of materials (type of expenditure format)

-90.637.000,-

Personnel costs

-10.271.000,-

Depreciation

0,-

Total operating expenses

-108.582.000,-

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

5.271.000,-

Financial income

-3.291.000,-

Financial expenses

-2.274.000,-

Result of ordinary operations

-295.000,-

Extraordinary income

0,-

Extraordinary expenses

0,-

Extraordinary result

0,-

Taxes

0,-

Net profit or loss

-295.000,-

Appropriations

295.000,-

 

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

Main revenue (sales/turnover)

82.051.000,-

Total operating income/revenue

82.051.000,-

Cost of materials (type of expenditure format)

-67.763.000,-

Personnel costs

-9.455.000,-

Depreciation

0,-

Total operating expenses

-83.913.000,-

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

-1.861.000,-

Financial income

-12.101.000,-

Financial expenses

-2.067.000,-

Result of ordinary operations

-16.029.000,-

Extraordinary income

0,-

Extraordinary expenses

0,-

Extraordinary result

0,-

Taxes

0,-

Net profit or loss

-16.029.000,-

Appropriations

16.029.000,-

 

Turnover for the period: 23 January 2008 - 23 January 2008  in  NOK 2.750.000,00

 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