MIRA INFORM REPORT
|
Report Date : |
26.07.2011 |
IDENTIFICATION DETAILS
|
Name : |
PF CONCEPT AS |
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Registered Office : |
Trollåsveien 8, 1414 Trollåsen |
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Country : |
Norway |
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Financials (as on) : |
2009 |
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Date of Incorporation : |
17.10.2001 |
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Com. Reg. No.: |
983770339 |
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|
Legal Form : |
Limited Liability Company |
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Line of Business : |
Wholesale trade, except of motor vehicles and motorcycles |
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 : |
47.100 NOK |
|
Status : |
Satisfactory |
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Payment
Behaviour : |
No Complaints |
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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
|
Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
|
Norway |
a1 |
a1 |
|
Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
|
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
Company Summary
|
Business Name |
PF CONCEPT AS |
|
Country |
NORWAY |
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Company Registration Number |
983770339 |
|
Main Activity |
WHOLESALE TRADE, EXCEPT OF MOTOR VEHICLES AND MOTORCYCLES |
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Activity Code |
4600000 |
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Company Status |
Active |
|
Latest Turnover Figure |
46.108.000 NOK |
|
Latest Shareholder Equity Figure |
314.000 NOK |
Company
Information
|
Basic Information |
|
|
Business Name |
PF CONCEPT AS |
|
Registered Company Name |
PF CONCEPT AS |
|
Company Registration Number |
983770339 |
|
Country |
NORWAY |
|
Date of Company Registration |
17/10/2001 |
|
Date of Starting Operations |
01/01/2001 |
|
Legal Form |
Limited liability company |
|
Company Status |
Active |
|
Currency of this Report |
NOK |
|
Principal Activity Description |
WHOLESALE TRADE, EXCEPT OF MOTOR VEHICLES AND MOTORCYCLES |
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Contact Address |
TROLLÅSVEIEN 8, 1414 TROLLÅSEN |
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Contact Telephone Number |
66816030 |
CREDIT RECOMENDATION
Current Credit Limit: 47.100 NOK
DIRECTORS/MANAGEMENT
Directors/Managers
|
Current Directors |
||
|
Name |
Date of Birth |
Position |
|
BERGNER KNUT OLA |
14/08/1959 |
Member of the board |
|
LECA YANN |
20/05/1967 |
Member of the board |
|
MARTENS CORNELIS E H W |
03/03/1965 |
Member of the board |
|
BERGNER KNUT OLA |
14/08/1959 |
Managing Director |
|
VARNIER PHILIPPE MARCEL |
12/02/1956 |
Chairman of the board of directors |
NEGATIVE INFORMATION
Negative
Information
|
No negative information for this company |
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|
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Bankruptcy Prediction |
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|
Score |
2.15 |
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Explanation |
Yellow zone = Danger |
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SHARE & SHARE CAPITAL INFORMATION
Share Capital
Structure
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Issued Share Capital |
100.000 NOK |
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Shareholders |
||
|
Name |
Share Percent |
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No Shareholders for this company. |
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|
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Latest Turnover Figure |
46.108.000 NOK |
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Latest Shareholder Equity Figure |
314.000 NOK |
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PAYMENT INFORMATION
Na
GROUP STRUCTURE & AFFILIATED
COMPANIES
Group Structure
|
Immediate Holding Parent |
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|
Immediate Holding Company Name |
CLIPPER GROUP HOLDING AB |
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Immediate Holding Company ID |
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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 |
2009 |
2008 |
2007 |
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Number of Weeks |
52 |
52 |
52 |
|
Currency |
NOK |
NOK |
NOK |
|
Revenue |
46.108.000 |
55.459.000 |
40.761.000 |
|
Operating Costs |
-46.490.000 |
-53.190.000 |
-37.885.000 |
|
Operating Profit |
-381.000 |
2.269.000 |
2.876.000 |
|
Wages & Salaries |
-5.595.000 |
-4.535.000 |
-3.899.000 |
|
Depreciation |
-235.000 |
-213.000 |
-266.000 |
|
Financial Income |
1.344.000 |
89.000 |
424.000 |
|
Financial Expenses |
-594.000 |
-1.855.000 |
-447.000 |
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Profit before Tax |
369.000 |
504.000 |
2.853.000 |
|
Tax |
-5.000 |
-48.000 |
-962.000 |
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Profit after Tax |
369.000 |
504.000 |
2.853.000 |
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Other Appropriations |
- |
- |
- |
|
Retained Profit |
364.000 |
456.000 |
1.891.000 |
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Balance Sheet |
|||
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Financial Year |
2009 |
2008 |
2007 |
|
Number of Weeks |
52 |
52 |
52 |
|
Currency |
NOK |
NOK |
NOK |
|
Land & Buildings |
0 |
0 |
0 |
|
Plant & Machinery |
0 |
0 |
0 |
|
Other Tangible Assets |
422.000 |
458.000 |
282.000 |
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Total Tangible Assets |
422.000 |
458.000 |
282.000 |
|
Goodwill |
0 |
0 |
0 |
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Other Intangible Assets |
695.000 |
1.246.000 |
1.422.000 |
|
Total Intangible Assets |
695.000 |
1.246.000 |
1.422.000 |
|
Investments |
0 |
0 |
0 |
|
Loans To Group |
0 |
0 |
0 |
|
Other Loans |
0 |
0 |
0 |
|
Miscellaneous Fixed Assets |
0 |
0 |
0 |
|
Total Other Fixed Assets |
0 |
0 |
0 |
|
TOTAL FIXED ASSETS |
1.117.000 |
1.704.000 |
1.704.000 |
|
Total Inventories |
638.000 |
532.000 |
651.000 |
|
Trade Receivables |
13.165.000 |
14.945.000 |
8.692.000 |
|
Group Receivables |
0 |
0 |
0 |
|
Miscellaneous Receivables |
1.446.000 |
860.000 |
604.000 |
|
Total Receivables |
14.611.000 |
15.805.000 |
9.296.000 |
|
Cash |
6.436.000 |
9.167.000 |
4.108.000 |
|
Other Current Assets |
0 |
0 |
0 |
|
TOTAL CURRENT ASSETS |
21.684.000 |
25.503.000 |
14.054.000 |
|
TOTAL ASSETS |
22.801.000 |
27.207.000 |
15.758.000 |
|
Trade Payables |
624.000 |
1.641.000 |
6.794.000 |
|
Bank Liabilities |
0 |
0 |
0 |
|
Other Loans Or Finance |
0 |
0 |
0 |
|
Group Payables |
19.520.000 |
22.975.000 |
0 |
|
Miscellaneous Liabilities |
2.343.000 |
2.642.000 |
9.470.000 |
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TOTAL CURRENT LIABILITIES |
22.487.000 |
27.258.000 |
16.264.000 |
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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 |
22.487.000 |
27.258.000 |
16.264.000 |
|
Called Up Share Capital |
100.000 |
100.000 |
100.000 |
|
Share Premium |
4.000 |
4.000 |
4.000 |
|
Revenue Reserves |
210.000 |
-154.000 |
-610.000 |
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TOTAL SHAREHOLDERS EQUITY |
314.000 |
-50.000 |
-506.000 |
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Other Financials |
|||
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Working Capital |
-803.000 |
-1.755.000 |
-2.210.000 |
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Net Worth |
-381.000 |
-1.296.000 |
-1.928.000 |
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Ratios |
|||
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Pre-Tax Profit Margin |
0.80 % |
0.91 % |
7.00 % |
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Return On Capital Employed |
1.62 % |
1.85 % |
18.11 % |
|
Return On Total Assets Employed |
1.62 % |
1.85 % |
18.11 % |
|
Return On Net Assets Employed |
117.52 % |
-988.24 % |
-563.83 % |
|
Sales/Net Working Capital |
-57.42 |
-31.60 |
-18.44 |
|
Stock Turnover Ratio |
2.84 % |
1.95 % |
4.00 % |
|
Debtor Days |
104.22 |
98.36 |
77.83 |
|
Creditor Days |
4.94 |
10.80 |
60.84 |
|
Current Ratio |
1.00 |
0.90 |
0.90 |
|
Liquidity Ratio/Acid Test |
0.94 |
0.92 |
0.82 |
|
Current Debt Ratio |
71.61 |
-545.16 |
-32.14 |
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Gearing |
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|
|
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Equity In Percentage |
1.42 % |
-0.19 % |
-3.53 % |
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Total Debt Ratio |
71.60 |
-545.20 |
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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 |
|
4642000 |
Wholesale of clothing and footwear |
|
4642100 |
Wholesale of clothing |
|
6800000 |
REAL ESTATE ACTIVITIES |
|
6820000 |
Renting and operating of own or leased real estate |
|
6820900 |
Other letting of real estate |
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Previous Names |
|
Previous Name |
|
PF CLIPPER CONCEPT AS |
|
TEKÅGEL INVEST III AS |
Contact
Information
|
Main Address |
||
|
Address |
Country |
Telephone |
|
TROLLÅSVEIEN 8, 1414 TROLLÅSEN |
NORWAY |
66816030 |
|
Other Address |
|
|
Address |
Country |
|
PB 800, 1411 KOLBOTN |
NORWAY |
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Email Addresses |
|
obergner@online.no |
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Web Pages |
|
www.pfconcept.com |
Other Information
|
Employee Information |
|
|
Year |
Number of Employees |
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2011 |
5 |
|
2010 |
5 |
|
2009 |
7 |
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Bankers |
|
No banker information for this company. |
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Advisors |
|
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Auditor Name |
ERNST & YOUNG AS |
Additional
Information
|
Other Information |
|
|
Company Purpose |
SELSKAPETS VIRKSOMHET ER SALG AV
PROMOTIONARTIKLER, SAMT VIRKSOMHET SOM STÅR I FORBINDELSE MED DETTE. |
|
Comment |
|
|
Other Financial Information |
|
|
Managing Director Salary |
747000 |
|
Overdraft |
|
|
Auditors Report |
|
|
Date of Financials |
31/12/2009 |
|
Auditors Comment |
ANNUAL ACCOUNTS NOT SUBMITTED BY LEGAL DEADLINE |
|
Auditors Comment 2 |
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|
Auditors Comment 3 |
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|
Auditors Comment 4 |
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Event History |
|
|
Event Date |
Event Description |
|
17/02/2009 |
NAME CHANGE |
|
28/01/2011 |
MEMBER OF THE BOARD CHANGED |
|
06/05/2011 |
CHANGE IN REMARK |
|
07/05/2011 |
RATING CALCULATED |
NOTES & COMMENTS
Na
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.42 |
|
UK Pound |
1 |
Rs.72.49 |
|
Euro |
1 |
Rs.63.87 |
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.