MIRA
INFORM REPORT
|
Report Date : |
10.08.2011 |
IDENTIFICATION DETAILS
|
Name : |
BARNAS HUS NORDIC AS |
|
|
|
|
Registered Office : |
Grenseveien 107, 0663 Oslo |
|
|
|
|
Country : |
Norway |
|
|
|
|
Financials (as on) : |
2010 |
|
|
|
|
Date of Incorporation : |
01.01.1993 |
|
|
|
|
Com. Reg. No.: |
868289422 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
Wholesale, Trade, Except of Motor Vehicles and Motorcycles |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
5.000.000 NOK |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow |
|
|
|
|
Litigation : |
-- |
NOTES :
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – March 31st, 2011
|
Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
|
Norway |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
REGISTERED NAME & COMPANY
SUMMARY
|
Business Name |
BARNAS HUS NORDIC AS |
|
Country |
NORWAY |
|
Company
Registration Number |
868289422 |
|
Main Activity |
|
|
Activity Code |
4600000 |
|
Company Status |
Active |
|
Latest Turnover
Figure |
326.720.000 NOK |
|
Latest
Shareholder Equity Figure |
257.113.000 NOK |
|
Credit Rating |
900 (1 - 1000) |
|
Rating
Description |
Best creditworthiness |
|
Credit Limit |
5.000.000 NOK |
|
Basic
Information |
|
|
Business Name |
BARNAS HUS NORDIC AS |
|
Registered
Company Name |
BARNAS HUS NORDIC AS |
|
Company
Registration Number |
868289422 |
|
Country |
NORWAY |
|
Date of Company
Registration |
11/01/1994 |
|
Date of Starting
Operations |
01/01/1993 |
|
Legal Form |
Limited liability company |
|
Company Status |
Active |
|
Currency of this
Report |
NOK |
|
Principal
Activity Description |
WHOLESALE TRADE, EXCEPT OF MOTOR VEHICLES
AND MOTORCYCLES |
|
Contact Address |
GRENSEVEIEN 107, 0663 OSLO |
|
Contact
Telephone Number |
55116300 |
CREDIT RECOMENDATION
Current Credit Limit: 5.000.000 NOK
DIRECTORS/MANAGEMENT
Directors/Managers
|
Current
Directors |
||
|
Name |
Date of Birth |
Position |
|
CHARLESSON STURE WERNER I |
19/11/1954 |
Member of the board |
|
DYVI JAN FREDERIK |
19/05/1962 |
Member of the board |
|
LARSEN OVE STEINAR |
23/08/1950 |
Member of the board |
|
RIISBERG CHRISTIAN NISSEN |
16/05/1974 |
Member of the board |
|
SANDAHL PATRICK |
05/04/1967 |
Member of the board |
|
SILEN CARL RICHARD |
07/09/1973 |
Member of the board |
|
SCHROEDER TORSTEIN |
10/11/1965 |
Managing Director |
|
BILLE GØRAN HOLGER |
29/10/1955 |
Chairman of the board of directors |
NEGATIVE INFORMATION
|
Bankruptcy
Prediction |
|
|
Score |
2.55 |
|
Explanation |
Green zone |
Negative Information
|
Payment Remarks |
|
|
Date |
14/06/2011 |
|
Type |
DEBT COLLECTION CASE |
|
Source |
LINDORFF AS |
|
Status |
UNSETTLED |
|
Case Number |
19436490 |
|
Amount |
2187 |
|
Settlement Date |
|
|
Name of Creditor |
LINDORFF AS INNFORDRING |
|
Type of Payment
Remark |
FORCED |
|
Date |
01/06/2011 |
|
Type |
DEBT COLLECTION CASE |
|
Source |
PAYEX COLLECTION AS |
|
Status |
UNSETTLED |
|
Case Number |
H84384 |
|
Amount |
28918 |
|
Settlement Date |
|
|
Name of Creditor |
POS SYSTEM AS |
|
Type of Payment
Remark |
FORCED |
|
Date |
25/05/2011 |
|
Type |
DEBT COLLECTION CASE |
|
Source |
LINDORFF AS |
|
Status |
UNSETTLED |
|
Case Number |
19373666 |
|
Amount |
425 |
|
Settlement Date |
|
|
Name of Creditor |
NOR TEKSTIL AS |
|
Type of Payment
Remark |
FORCED |
|
Date |
12/04/2011 |
|
Type |
DEBT COLLECTION CASE |
|
Source |
LINDORFF AS |
|
Status |
UNSETTLED |
|
Case Number |
19217796 |
|
Amount |
4729 |
|
Settlement Date |
|
|
Name of Creditor |
SCHENKER AVD OSLO |
|
Type of Payment
Remark |
FORCED |
|
Date |
02/03/2011 |
|
Type |
DEBT COLLECTION CASE |
|
Source |
CONECTO AS |
|
Status |
UNSETTLED |
|
Case Number |
1068510 |
|
Amount |
105 |
|
Settlement Date |
|
|
Name of Creditor |
POSTEN NORGE AS |
|
Type of Payment
Remark |
FORCED |
|
Date |
07/12/2009 |
|
Type |
INVENTORY GIVEN AS SECURITY |
|
Source |
BRØNNØYSUNDREGISTRENE |
|
Status |
UNSETTLED |
|
Case Number |
|
|
Amount |
150000000 |
|
Settlement Date |
|
|
Name of Creditor |
HANDELSBANKEN |
|
Type of Payment
Remark |
VOLUNTARY |
|
Date |
07/12/2009 |
|
Type |
SECURITY IN OPERATING EQUIPMENT |
|
Source |
BRØNNØYSUNDREGISTRENE |
|
Status |
UNSETTLED |
|
Case Number |
|
|
Amount |
50000000 |
|
Settlement Date |
|
|
Name of Creditor |
HANDELSBANKEN |
|
Type of Payment
Remark |
VOLUNTARY |
|
Date |
07/12/2009 |
|
Type |
SECURITY IN DEBTS |
|
Source |
BRØNNØYSUNDREGISTRENE |
|
Status |
UNSETTLED |
|
Case Number |
|
|
Amount |
50000000 |
|
Settlement Date |
|
|
Name of Creditor |
HANDELSBANKEN |
|
Type of Payment
Remark |
VOLUNTARY |
SHARE & SHARE CAPITAL
INFORMATION
Share Capital Structure
|
Issued Share
Capital |
23.536.700 NOK |
|
Shareholders |
|
|
Name |
Share Percent |
|
No Shareholders for this company |
|
PAYMENT INFORMATION
Na
GROUP STRUCTURE & AFFILIATED
COMPANIES
Group Structure
|
Immediate
Holding Parent |
|
No information for this company. |
|
Subsidary
Companies |
||
|
Subsidiary Name |
Subsidiary ID |
Country |
|
REFLEX AS |
NORWAY |
985829179 |
|
BABYHUSET AS |
NORWAY |
|
|
REXINUS AB |
NORWAY |
|
|
LADE BARN AS |
NORWAY |
991922660 |
|
REFLEX REGNSKAP AS |
NORWAY |
992586982 |
|
BARNAS HUS SKANDINAVIA AS |
NORWAY |
988603880 |
|
BARNAS BESTE AS |
NORWAY |
980760189 |
|
SJARMTROLLET AS |
NORWAY |
979143664 |
|
Affiliated
Companies |
||
|
Affiliate Name |
Affiliate ID |
Country |
|
BARNAS HUS NORDIC AS |
NORWAY |
868289422 |
|
REFLEX AS |
NORWAY |
985829179 |
|
BABYHUSET AS |
|
|
|
REXINUS AB |
|
|
|
LADE BARN AS |
NORWAY |
991922660 |
|
REFLEX REGNSKAP AS |
NORWAY |
992586982 |
|
BARNAS HUS SKANDINAVIA AS |
NORWAY |
988603880 |
|
BARNAS BESTE AS |
NORWAY |
980760189 |
|
SJARMTROLLET AS |
NORWAY |
979143664 |
|
ALIPES AB |
|
|
|
DYVI INVEST AS |
NORWAY |
840282112 |
FINANCIAL INFORMATION
|
Profit and Loss |
|||
|
Financial Year |
2010 |
2009 |
2008 |
|
Number of Weeks |
52 |
52 |
52 |
|
Currency |
NOK |
NOK |
NOK |
|
Revenue |
326.720.000 |
256.533.000 |
188.092.000 |
|
Operating Costs |
-330.997.000 |
-245.578.000 |
-182.626.000 |
|
Operating Profit |
-4.277.000 |
10.954.000 |
5.466.000 |
|
Wages &
Salaries |
-26.177.000 |
-12.722.000 |
-8.647.000 |
|
Depreciation |
-2.066.000 |
-1.040.000 |
-525.000 |
|
Financial Income |
1.521.000 |
630.000 |
743.000 |
|
Financial Expenses |
-5.596.000 |
-2.621.000 |
-7.339.000 |
|
Profit before
Tax |
-8.352.000 |
8.964.000 |
-1.130.000 |
|
Tax |
2.370.000 |
-325.000 |
-950.000 |
|
Profit after Tax |
-8.352.000 |
8.964.000 |
-1.130.000 |
|
Other
Appropriations |
- |
- |
- |
|
Retained Profit |
-5.982.000 |
8.640.000 |
-2.080.000 |
|
Balance Sheet |
|||
|
Financial Year |
2010 |
2009 |
2008 |
|
Number of Weeks |
52 |
52 |
52 |
|
Currency |
NOK |
NOK |
NOK |
|
Land &
Buildings |
0 |
0 |
0 |
|
Plant &
Machinery |
0 |
0 |
0 |
|
Other Tangible
Assets |
7.743.000 |
4.685.000 |
835.000 |
|
Total Tangible
Assets |
7.743.000 |
4.685.000 |
835.000 |
|
Goodwill |
13.382.000 |
0 |
0 |
|
Other Intangible
Assets |
2.902.000 |
532.000 |
673.000 |
|
Total Intangible
Assets |
16.284.000 |
532.000 |
673.000 |
|
Investments |
205.468.000 |
147.995.000 |
99.037.000 |
|
Loans To Group |
41.221.000 |
29.665.000 |
0 |
|
Other Loans |
0 |
0 |
0 |
|
Miscellaneous
Fixed Assets |
0 |
0 |
0 |
|
Total Other
Fixed Assets |
246.689.000 |
177.659.000 |
99.037.000 |
|
TOTAL FIXED
ASSETS |
270.716.000 |
182.876.000 |
100.544.000 |
|
Total
Inventories |
16.892.000 |
26.760.000 |
19.933.000 |
|
Trade
Receivables |
14.852.000 |
18.249.000 |
9.811.000 |
|
Group
Receivables |
86.808.000 |
18.956.000 |
2.336.000 |
|
Miscellaneous
Receivables |
14.661.000 |
10.145.000 |
4.052.000 |
|
Total
Receivables |
116.322.000 |
47.350.000 |
16.200.000 |
|
Cash |
20.638.000 |
296.000 |
5.644.000 |
|
Other Current
Assets |
0 |
0 |
0 |
|
TOTAL CURRENT
ASSETS |
153.852.000 |
74.406.000 |
41.776.000 |
|
TOTAL ASSETS |
424.568.000 |
257.282.000 |
142.320.000 |
|
Trade Payables |
24.255.000 |
19.886.000 |
9.312.000 |
|
Bank Liabilities |
97.767.000 |
10.059.000 |
0 |
|
Other Loans Or
Finance |
0 |
0 |
0 |
|
Group Payables |
10.934.000 |
11.052.000 |
5.710.000 |
|
Miscellaneous
Liabilities |
8.805.000 |
50.008.000 |
4.914.000 |
|
TOTAL CURRENT
LIABILITIES |
141.760.000 |
91.005.000 |
19.937.000 |
|
Bank Liabilities
Due After 1 Year |
13.521.000 |
16.321.000 |
10.450.000 |
|
Other Loans Or
Finance Due After 1 Year |
0 |
0 |
0 |
|
Group Payables
Due After 1 Year |
0 |
0 |
0 |
|
Miscellaneous
Liabilities Due After 1 Year |
12.173.000 |
35.028.000 |
3.317.000 |
|
TOTAL LONG TERM
LIABILITIES |
25.695.000 |
51.349.000 |
13.767.000 |
|
TOTAL
LIABILITIES |
167.455.000 |
142.354.000 |
33.704.000 |
|
Called Up Share
Capital |
19.348.000 |
10.300.000 |
10.300.000 |
|
Share Premium |
228.332.000 |
88.913.000 |
96.767.000 |
|
Revenue Reserves |
3.433.000 |
9.715.000 |
1.549.000 |
|
TOTAL
SHAREHOLDERS EQUITY |
257.113.000 |
114.928.000 |
108.617.000 |
|
Other Financials |
|||
|
Working Capital |
12.092.000 |
-16.599.000 |
21.839.000 |
|
Net Worth |
240.829.000 |
114.396.000 |
107.944.000 |
|
Ratios |
|||
|
Pre-Tax Profit
Margin |
-2.56 % |
3.49 % |
-0.60 % |
|
Return On
Capital Employed |
-1.97 % |
3.48 % |
-0.79 % |
|
Return On Total
Assets Employed |
-1.97 % |
3.48 % |
-0.79 % |
|
Return On Net
Assets Employed |
-3.25 % |
7.80 % |
-1.04 % |
|
Sales/Net
Working Capital |
27.02 |
-15.45 |
8.61 |
|
Stock Turnover
Ratio |
11.92 % |
29.40 % |
99.98 % |
|
Debtor Days |
16.59 |
25.97 |
19.04 |
|
Creditor Days |
27.10 |
28.29 |
18.07 |
|
Current Ratio |
1.10 |
0.80 |
2.10 |
|
Liquidity
Ratio/Acid Test |
0.97 |
0.52 |
1.10 |
|
Current Debt
Ratio |
0.55 |
0.79 |
0.18 |
|
Gearing |
9776700009.99 % |
1005900044.68 % |
12.67 % |
|
Equity In
Percentage |
159.11 % |
145.31 % |
254.90 % |
|
Total Debt Ratio |
0.70 |
1.20 |
|
FOREIGN EXCHANGE RATES
Na
ADDITIONAL INFORMATION
|
Activities |
|
|
Activity Code |
Activity
Description |
|
4600000 |
WHOLESALE TRADE, EXCEPT OF MOTOR VEHICLES AND MOTORCYCLES |
|
4640000 |
Wholesale of household goods |
|
4641000 |
Wholesale of textiles |
|
4642000 |
Wholesale of clothing and footwear |
|
4642100 |
Wholesale of clothing |
|
4670000 |
Other specialised wholesale |
|
4675000 |
Wholesale of chemical products |
|
4690000 |
Non-specialised wholesale trade |
|
Previous Names |
|
Previous Name |
|
REFLEX AS |
Contact Information
|
Main Address |
||
|
Address |
Country |
Telephone |
|
GRENSEVEIEN 107, 0663 OSLO |
NORWAY |
55116300 |
|
Other Address |
|
|
Address |
Country |
|
PB 6273 ETTERSTAD, 0603 OSLO |
NORWAY |
|
Email Addresses |
|
post@reflex.no |
|
Web Pages |
|
www.barnashus.no |
Other Information
|
Employee
Information |
|
|
Year |
Number of
Employees |
|
2011 |
42 |
|
2010 |
33 |
|
2009 |
12 |
|
Bankers |
|
No banker information for this company. |
|
Advisors |
|
|
Auditor Name |
INTER REVISJON AS |
|
Other
Information |
||
|
Company Purpose |
INNKJØPSVIRKSOMHET OG KONSULENTVIRKSOMHET INNEN TEKSTILBRANSJEN FOR
SINE AKSJONÆRER, SAMT ANNEN VIRKSOMHET I TILKNYTNING TIL DETTE. |
|
|
Comment |
|
|
|
Other Financial
Information |
||
|
Managing
Director Salary |
2148000 |
|
|
Overdraft |
|
|
|
Auditors Report |
|
|
Date of
Financials |
31/12/2010 |
|
Auditors Comment |
NORMAL REPORT |
|
Auditors Comment
2 |
|
|
Auditors Comment
3 |
|
|
Auditors Comment
4 |
|
Event History
|
|
|
Event Date |
Event
Description |
|
21/10/2010 |
CHANGE IN SUBSIDIARY |
|
09/12/2010 |
NAME CHANGE |
|
09/12/2010 |
SHARE CAPITAL CHANGED |
|
19/01/2011 |
SHARE CAPITAL CHANGED |
|
27/01/2011 |
SHARE CAPITAL CHANGED |
|
31/03/2011 |
SHARE CAPITAL CHANGED |
|
15/04/2011 |
RATING CALCULATED |
|
27/04/2011 |
RATING CALCULATED |
|
17/05/2011 |
RATING CALCULATED |
|
20/05/2011 |
RATING CALCULATED |
|
31/05/2011 |
RATING CALCULATED |
|
15/06/2011 |
SHARE CAPITAL CHANGED |
|
16/06/2011 |
RATING CALCULATED |
|
22/06/2011 |
RATING CALCULATED |
|
29/06/2011 |
RATING CALCULATED |
|
08/07/2011 |
RATING CALCULATED |
|
14/07/2011 |
RATING CALCULATED |
|
16/07/2011 |
RATING CALCULATED |
|
19/07/2011 |
RATING CALCULATED |
|
23/07/2011 |
RATING CALCULATED |
|
27/07/2011 |
CHANGE IN OWNER |
|
27/07/2011 |
CHANGE IN SUBSIDIARY |
|
03/08/2011 |
RATING CALCULATED |
|
04/08/2011 |
CHANGE IN REMARK |
|
05/08/2011 |
RATING CALCULATED |
NOTES & COMMENTS
Na
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.45.17 |
|
|
1 |
Rs.73.72 |
|
Euro |
1 |
Rs.64.26 |
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 |
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 |
|
-- |
NB |
New Business |
-- |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.