MIRA
INFORM REPORT
|
Report Date : |
20.12.2011 |
IDENTIFICATION DETAILS
|
Name : |
IMS AS |
|
|
|
|
Registered Office : |
Bakkeveien 4 B, 1415 Oppegård |
|
|
|
|
Country : |
Norway |
|
|
|
|
Financials (as on) : |
2010 |
|
|
|
|
Date of Incorporation : |
01.01.1998 |
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|
|
|
Com. Reg. No.: |
980361292 |
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|
|
|
Legal Form : |
Limited Liability Company |
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|
|
|
Line of Business : |
Wholesale Trade, Except of Motor Vehicles and Motorcycles |
|
|
|
|
No. of Employees : |
1 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
85.200 NOK |
|
Status : |
Satisfactory |
|
Payment Behaviour : |
No Complaints |
|
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 – September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
Norway |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
|
Off-credit |
D |
REGISTERED NAME & COMPANY
SUMMARY
Company Summary
|
Business Name |
IMS AS |
|
Country |
NORWAY |
|
Company Registration Number |
980361292 |
|
Main Activity |
WHOLESALE TRADE, EXCEPT OF MOTOR VEHICLES AND MOTORCYCLES |
|
Activity Code |
4600000 |
|
Company Status |
Active |
|
Latest Turnover Figure |
2.833.000 NOK |
|
Latest Shareholder Equity Figure |
601.000 NOK |
Company Information
|
Basic Information |
|
|
Business Name |
IMS AS |
|
Registered Company Name |
IMS AS |
|
Company Registration Number |
980361292 |
|
Country |
NORWAY |
|
Date of Company Registration |
06/01/1999 |
|
Date of Starting Operations |
01/01/1998 |
|
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 |
BAKKEVEIEN 4 B, 1415 OPPEGÅRD |
|
Contact Telephone Number |
66991955 |
CREDIT RECOMENDATION
Current Credit Limit: 85.200 NOK
DIRECTORS/MANAGEMENT
Directors/Managers
|
Current Directors |
||
|
Name |
Date of Birth |
Position |
|
HAGA ASTRID JOHANNE |
22/12/1958 |
Deputy |
|
GULBRANDSEN THOR AUDUN |
13/10/1956 |
Owner |
|
GULBRANDSEN THOR AUDUN |
13/10/1956 |
Managing Director |
|
GULBRANDSEN THOR AUDUN |
13/10/1956 |
Chairman of the board of directors |
NEGATIVE INFORMATION
Negative Information
|
No negative information for this company |
SHARE & SHARE CAPITAL
INFORMATION
Share Capital Structure
|
Issued Share Capital |
100.000 NOK |
|
Shareholders |
|
|
Name |
Share Percent |
|
No Shareholders for this company. |
|
PAYMENT INFORMATION
Na
GROUP STRUCTURE & AFFILIATED
COMPANIES
Group Structure
|
No group structure for this company. |
FINANCIAL INFORMATION
Financial Information
|
Profit and Loss |
|||
|
Financial Year |
2010 |
2009 |
2008 |
|
Number of Weeks |
52 |
52 |
52 |
|
Currency |
NOK |
NOK |
NOK |
|
Revenue |
2.833.000 |
3.487.000 |
6.650.000 |
|
Operating Costs |
-2.470.000 |
-2.019.000 |
-6.763.000 |
|
Operating Profit |
363.000 |
1.469.000 |
-113.000 |
|
Wages & Salaries |
-1.647.000 |
-1.021.000 |
-1.747.000 |
|
Depreciation |
-63.000 |
-109.000 |
-7.000 |
|
Financial Income |
7.000 |
9.000 |
407.000 |
|
Financial Expenses |
-11.000 |
-1.000 |
-2.000 |
|
Profit before Tax |
359.000 |
1.478.000 |
293.000 |
|
Tax |
-104.000 |
-417.000 |
- |
|
Profit after Tax |
359.000 |
1.478.000 |
293.000 |
|
Other Appropriations |
- |
- |
- |
|
Retained Profit |
255.000 |
1.061.000 |
293.000 |
|
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 |
200.000 |
250.000 |
14.000 |
|
Total Tangible Assets |
200.000 |
250.000 |
14.000 |
|
Goodwill |
0 |
13.000 |
16.000 |
|
Other Intangible Assets |
0 |
0 |
0 |
|
Total Intangible Assets |
0 |
13.000 |
16.000 |
|
Investments |
484.000 |
484.000 |
218.000 |
|
Loans To Group |
0 |
0 |
0 |
|
Other Loans |
0 |
0 |
0 |
|
Miscellaneous Fixed Assets |
0 |
0 |
0 |
|
Total Other Fixed Assets |
484.000 |
484.000 |
218.000 |
|
TOTAL FIXED ASSETS |
684.000 |
747.000 |
248.000 |
|
Total Inventories |
0 |
0 |
0 |
|
Trade Receivables |
279.000 |
442.000 |
1.106.000 |
|
Group Receivables |
0 |
0 |
0 |
|
Miscellaneous Receivables |
73.000 |
1.000 |
85.000 |
|
Total Receivables |
352.000 |
443.000 |
1.191.000 |
|
Cash |
540.000 |
758.000 |
343.000 |
|
Other Current Assets |
0 |
0 |
0 |
|
TOTAL CURRENT ASSETS |
892.000 |
1.200.000 |
1.535.000 |
|
TOTAL ASSETS |
1.576.000 |
1.947.000 |
1.783.000 |
|
Trade Payables |
17.000 |
46.000 |
659.000 |
|
Bank Liabilities |
0 |
0 |
0 |
|
Other Loans Or Finance |
0 |
0 |
0 |
|
Group Payables |
0 |
0 |
0 |
|
Miscellaneous Liabilities |
957.000 |
1.489.000 |
915.000 |
|
TOTAL CURRENT LIABILITIES |
975.000 |
1.535.000 |
1.574.000 |
|
Bank Liabilities Due After 1 Year |
0 |
0 |
0 |
|
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 |
0 |
0 |
0 |
|
TOTAL LONG TERM LIABILITIES |
0 |
0 |
0 |
|
TOTAL LIABILITIES |
975.000 |
1.535.000 |
1.574.000 |
|
Called Up Share Capital |
100.000 |
100.000 |
100.000 |
|
Share Premium |
0 |
0 |
0 |
|
Revenue Reserves |
501.000 |
312.000 |
109.000 |
|
TOTAL SHAREHOLDERS EQUITY |
601.000 |
412.000 |
209.000 |
|
Other Financials |
|||
|
Working Capital |
-83.000 |
-335.000 |
-39.000 |
|
Net Worth |
601.000 |
399.000 |
193.000 |
|
Ratios |
|||
|
Pre-Tax Profit Margin |
12.67 % |
42.39 % |
4.41 % |
|
Return On Capital Employed |
22.78 % |
75.91 % |
16.43 % |
|
Return On Total Assets Employed |
22.78 % |
75.91 % |
16.43 % |
|
Return On Net Assets Employed |
59.73 % |
358.74 % |
140.19 % |
|
Sales/Net Working Capital |
-34.13 |
-10.41 |
-170.51 |
|
Stock Turnover Ratio |
|
|
|
|
Debtor Days |
35.95 |
46.27 |
60.71 |
|
Creditor Days |
2.19 |
4.82 |
36.17 |
|
Current Ratio |
0.90 |
0.80 |
1.00 |
|
Liquidity Ratio/Acid Test |
0.91 |
0.78 |
0.98 |
|
Current Debt Ratio |
1.62 |
3.73 |
7.53 |
|
Gearing |
|
|
|
|
Equity In Percentage |
55.04 % |
28.41 % |
13.49 % |
|
Total Debt Ratio |
1.60 |
3.70 |
|
FOREIGN EXCHANGE RATES
Na
ADDITIONAL INFORMATION
|
Activities |
|
|
Activity Code |
Activity Description |
|
4600000 |
WHOLESALE TRADE, EXCEPT OF MOTOR VEHICLES AND MOTORCYCLES |
|
4610000 |
Wholesale on a fee or contract basis |
|
4619000 |
Agents involved in the sale of a variety of goods |
|
4640000 |
Wholesale of household goods |
|
4649000 |
Wholesale of other household goods |
|
4649900 |
Wholesale of other household and personal goods n.e.c. |
|
7000000 |
ACTIVITIES OF HEAD OFFICES; MANAGEMENT CONSULTANCY ACTIVITIE |
|
7020000 |
Management consultancy activities |
|
7022000 |
Business and other management consultancy activities |
|
Previous Names |
|
Previous Name |
|
INNOVATIVE MUSIC SERVICE AS |
Contact Information
|
Main Address |
||
|
Address |
Country |
Telephone |
|
BAKKEVEIEN 4 B, 1415 OPPEGÅRD |
NORWAY |
66991955 |
|
Other Address |
|
|
Address |
Country |
|
Address unknown |
NORWAY |
|
Email Addresses |
|
thor.gulbrandsen@mantec.no |
|
Web Pages |
|
No information for this company. |
Other Information
|
Employee Information |
|
|
Year |
Number of Employees |
|
2011 |
1 |
|
2010 |
1 |
|
2009 |
1 |
|
Bankers |
|
No banker information for this company. |
|
Advisors |
|
|
Auditor Name |
SKI REVISJONSBYRÅ AS |
Additional Information
|
Other Information |
|
|
Company Purpose |
KONSULENTVIRKSOMHET ØKONOMI, LEDELSE, PROSESS STYRING. |
|
Comment |
|
|
Other Financial Information |
|
|
Managing Director Salary |
1130000 |
|
Overdraft |
|
|
Auditors Report |
|
|
Date of Financials |
31/12/2010 |
|
Auditors Comment |
NORMAL REPORT |
|
Auditors Comment 2 |
|
|
Auditors Comment 3 |
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|
Auditors Comment 4 |
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Event History |
|
|
Event Date |
Event Description |
|
20/07/2011 |
RATING CALCULATED |
|
04/08/2010 |
CHANGE IN SUBSIDIARY |
|
25/06/2010 |
RATING CALCULATED |
|
01/07/2009 |
RATING CALCULATED |
|
04/01/2009 |
RATING CALCULATED |
|
04/07/2008 |
RATING CALCULATED |
|
Bankruptcy Prediction |
|
|
Score |
3.41 |
|
Explanation |
Green zone |
NOTES & COMMENTS
Na
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.52.96 |
|
|
1 |
Rs.82.04 |
|
Euro |
1 |
Rs.68.91 |
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.