MIRA INFORM
REPORT
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Report Date : |
16.08.2011 |
IDENTIFICATION DETAILS
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Name : |
BRUNVOLL AS |
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Formerly Known As : |
BRUNVOLL DRIFT AS |
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Registered Office : |
Strandgata 4, 6415 Molde |
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Country : |
Norway |
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Financials (as on) : |
2010 |
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Date of Incorporation : |
06.09.2010 |
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Com. Reg. No.: |
995884070 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Manufacture of fabricated metal products, except machinery |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal commitments. |
Satisfactory |
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Status : |
Good |
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Payment
Behaviour : |
Unknown |
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Litigation : |
Clear |
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
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Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
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Norway |
a2 |
a2 |
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Risk Category |
ECGC Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
REGISTERED NAME & COMPANY
SUMMARY
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Business Name |
BRUNVOLL AS |
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Country |
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Company Registration Number |
995884070 |
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Main Activity |
MANUFACTURE OF FABRICATED METAL PRODUCTS,
EXCEPT MACHINERY A |
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Activity Code |
2500000 |
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Company Status |
Active |
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Latest Turnover Figure |
713.344.000 NOK |
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Latest Shareholder Equity Figure |
167.166.000 NOK |
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Basic
Information |
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Business Name |
BRUNVOLL AS |
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Registered Company Name |
BRUNVOLL AS |
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Company Registration Number |
995884070 |
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Country |
NORWAY |
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Date of Company Registration |
06/09/2010 |
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Date of Starting Operations |
01/01/2010 |
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Legal Form |
Limited liability company |
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Company Status |
Active |
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Currency of this Report |
NOK |
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Principal Activity Description |
MANUFACTURE OF FABRICATED METAL PRODUCTS, EXCEPT
MACHINERY A |
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Contact Address |
STRANDGATA 4, 6415 MOLDE |
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Contact Telephone Number |
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Activities |
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Activity Code |
Activity Description |
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2500000 |
MANUFACTURE OF FABRICATED METAL PRODUCTS,
EXCEPT MACHINERY A |
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2590000 |
Manufacture of other fabricated metal
products |
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2599000 |
Manufacture of other fabricated metal products n.e.c. |
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DIRECTORS/MANAGEMENT
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Current Director |
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Name |
Date of Birth |
Position |
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BRUNVOLL ANDREAS S T |
12/05/1973 |
Deputy |
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BRUNVOLL ARNLJOT |
09/04/1944 |
Member of the board |
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BRUNVOLL BÅRD STENER |
18/01/1964 |
Deputy |
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BRUNVOLL KARL ANDREW |
13/07/1960 |
Member of the board |
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BRUNVOLL TONE |
21/05/1965 |
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BRUNVOLL TROND |
13/11/1954 |
Member of the board |
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FARSTAD GEIR OLAV |
25/10/1964 |
Deputy |
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HANSEN MAGNAR |
04/10/1953 |
Employee representative |
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KJÆRLAND KNUT |
08/12/1963 |
Employee representative |
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SANDVIK JON MAGNUS |
29/09/1967 |
Employee representative |
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DYRSETH TERJE |
18/09/1947 |
Managing Director |
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BRUNVOLL ARTHUR INGE |
12/02/1953 |
Chairman of the board of directors |
NEGATIVE INFORMATION
Na
SHARE & SHARE CAPITAL
INFORMATION
Share
Capital Structure
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Issued Share
Capital |
100.000.000 NOK |
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Shareholders |
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Name |
Share Percent |
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No Shareholders for this company. |
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PAYMENT INFORMATION
Na
GROUP STRUCTURE & AFFILIATED
COMPANIES
Group
Structure
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Immediate
Holding Parent |
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Immediate
Holding Company Name |
BRUNVOLL HOLDING AS |
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Immediate
Holding Company ID |
910860488 |
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Immediate
Holding Company Country |
NORWAY |
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Subsidiary
Companies |
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Subsidiary Name |
Subsidiary ID |
Country |
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No subsidiaries for this company. |
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Affiliated Companies |
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Affiliate Name |
Affiliate ID |
Country |
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No affiliates for this company. |
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FINANCIAL INFORMATION
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Profit
and Loss |
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Financial Year |
2010 |
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Number of Weeks |
52 |
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Currency |
NOK |
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Revenue |
713.344.000 |
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Operating Costs |
-565.629.000 |
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Operating Profit |
147.715.000 |
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Wages & Salaries |
-153.594.000 |
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Depreciation |
-12.142.000 |
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Financial Income |
12.026.000 |
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Financial Expenses |
-9.271.000 |
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Profit before Tax |
150.469.000 |
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Tax |
-47.302.000 |
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Profit after Tax |
150.469.000 |
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Other Appropriations |
- |
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Retained Profit |
103.166.000 |
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Balance
Sheet |
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Financial Year |
2010 |
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Number of Weeks |
52 |
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Currency |
NOK |
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Land & Buildings |
0 |
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Plant & Machinery |
37.540.000 |
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Other Tangible Assets |
25.522.000 |
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Total Tangible Assets |
63.062.000 |
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Goodwill |
0 |
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Other Intangible Assets |
3.058.000 |
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Total Intangible Assets |
3.058.000 |
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Investments |
15.484.000 |
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Loans To Group |
0 |
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Other Loans |
0 |
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Miscellaneous Fixed Assets |
0 |
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Total Other Fixed Assets |
15.484.000 |
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TOTAL FIXED ASSETS |
81.604.000 |
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Total Inventories |
159.250.000 |
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Trade Receivables |
138.795.000 |
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Group Receivables |
50.000 |
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Miscellaneous Receivables |
2.918.000 |
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Total Receivables |
141.762.000 |
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Cash |
155.853.000 |
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Other Current Assets |
0 |
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TOTAL CURRENT ASSETS |
456.866.000 |
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TOTAL ASSETS |
538.470.000 |
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Trade Payables |
70.236.000 |
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Bank Liabilities |
0 |
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Other Loans Or Finance |
0 |
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Group Payables |
15.568.000 |
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Miscellaneous Liabilities |
210.922.000 |
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TOTAL CURRENT LIABILITIES |
296.725.000 |
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Bank Liabilities Due After 1 Year |
0 |
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Other Loans Or Finance Due After 1 Year |
0 |
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Group Payables Due After 1 Year |
53.075.000 |
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Miscellaneous Liabilities Due After 1 Year |
21.502.000 |
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TOTAL LONG TERM LIABILITIES |
74.577.000 |
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TOTAL LIABILITIES |
371.302.000 |
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Called Up Share Capital |
100.000.000 |
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Share Premium |
0 |
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Revenue Reserves |
67.166.000 |
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TOTAL SHAREHOLDERS EQUITY |
167.166.000 |
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Other Financials |
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Working Capital |
160.141.000 |
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Net Worth |
164.108.000 |
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Ratios |
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Pre-Tax Profit Margin |
21.09 % |
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Return On Capital Employed |
27.94 % |
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Return On Total Assets Employed |
27.94 % |
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Return On Net Assets Employed |
90.01 % |
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Sales/Net Working Capital |
4.45 |
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Stock Turnover Ratio |
53.67 % |
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Debtor Days |
71.02 |
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Creditor Days |
35.94 |
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Current Ratio |
1.50 |
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Liquidity Ratio/Acid Test |
1.00 |
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Current Debt Ratio |
1.78 |
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Gearing |
44.61 % |
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Equity In Percentage |
32.15 % |
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Total Debt Ratio |
2.20 |
FOREIGN EXCHANGE RATES
Na
ADDITIONAL INFORMATION
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Previous Name |
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BRUNVOLL DRIFT AS |
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Main Address |
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Address |
Country |
Telephone |
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STRANDGATA 4, 6415 MOLDE |
NORWAY |
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Other Address |
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Address |
Country |
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STRANDGATA 4-6, 6415 MOLDE |
NORWAY |
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Email Addresses |
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No information for this company. |
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Web Pages |
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No information for this company. |
Other Information
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Employee
Information |
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Year |
Number of
Employees |
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2011 |
257 |
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Bankers |
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No banker information for this company. |
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Advisors |
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Auditor Name |
INTER REVISJON AS |
Additional
Information
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Other
Information |
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Company Purpose |
PRODUSERE OG SELGE THRUSTERSYSTEM OG STYRESYSTEM FOR DISSE TIL SKIP. |
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Comment |
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Other Financial
Information |
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Managing
Director Salary |
1149000 |
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Overdraft |
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Auditors Report |
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Date of
Financials |
31/12/2010 |
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Auditors Comment |
NORMAL REPORT |
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Auditors Comment
2 |
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Auditors Comment
3 |
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Auditors Comment
4 |
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Event History |
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Event Date |
Event
Description |
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22/07/2011 |
RATING CALCULATED |
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13/05/2011 |
MEMBER OF THE BOARD CHANGED |
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06/01/2011 |
RATING CALCULATED |
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05/01/2011 |
SHARE CAPITAL CHANGED |
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03/01/2011 |
MEMBER OF THE BOARD CHANGED |
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03/01/2011 |
RATING CALCULATED |
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20/12/2010 |
NAME CHANGE |
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08/09/2010 |
RATING CALCULATED |
NOTES & COMMENTS
Na
FOREIGN EXCHANGE RATES
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Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.45.37 |
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UK Pound |
1 |
Rs.73.53 |
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Euro |
1 |
Rs.64.37 |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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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.