MIRA INFORM
REPORT
|
Report Date : |
16.06.2011 |
IDENTIFICATION DETAILS
|
Name : |
HOBAS AS |
|
|
|
|
Registered Office : |
Ydstebø, 4180 kvitsøy |
|
|
|
|
Country : |
Norway |
|
|
|
|
Financials (as on) : |
2009 |
|
|
|
|
Date of Incorporation : |
01.01.2008 |
|
|
|
|
Com. Reg. No.: |
993013757 |
|
|
|
|
Legal Form : |
Limited Liability Company |
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|
|
|
Line of Business : |
Architectural and engineering activities; technical testing |
RATING & COMMENTS
|
MIRA’s Rating : |
C |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
Status : |
Poor |
|
Payment
Behaviour : |
Unknown |
|
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 |
Company Summary
|
Business Name |
HOBAS AS |
|
Country |
NORWAY |
|
Company Registration Number |
993013757 |
|
Main Activity |
ARCHITECTURAL AND ENGINEERING ACTIVITIES; TECHNICAL TESTING |
|
Activity Code |
7100000 |
|
Company Status |
Active |
|
Latest Turnover Figure |
3.681.000 NOK |
|
Latest Shareholder Equity Figure |
-206.000 NOK |
|
Credit Limit |
-1 NOK |
Company Information
|
Basic Information |
|
|
Business Name |
HOBAS AS |
|
Registered Company Name |
HOBAS AS |
|
Company Registration Number |
993013757 |
|
Country |
NORWAY |
|
Date of Company Registration |
25/08/2008 |
|
Date of Starting Operations |
01/01/2008 |
|
Legal Form |
Limited liability company |
|
Company Status |
Active |
|
Currency of this Report |
NOK |
|
Principal Activity Description |
ARCHITECTURAL AND ENGINEERING ACTIVITIES; TECHNICAL TESTING |
|
Contact Address |
YDSTEBØ, 4180 KVITSØY |
|
Contact Telephone Number |
51325900 |
|
Trading Address |
Kjelsbergtunet 29, 4050 Sola, Norway |
|
Activities |
|
|
Activity Code |
Activity Description |
|
7100000 |
ARCHITECTURAL AND ENGINEERING ACTIVITIES; TECHNICAL TESTING |
|
7110000 |
Architectural and engineering activities and related technic |
|
7112000 |
Engineering activities and related technical consultancy |
|
7112900 |
Other technical consulting activities |
|
Previous Names |
|
Previous Name |
|
HOBAS 2 AS |
|
SIMONS TJUETO AS |
Financial Information
|
Profit and Loss |
||
|
Financial Year |
2009 |
2008 |
|
Number of Weeks |
52 |
52 |
|
Currency |
NOK |
NOK |
|
Revenue |
3.681.000 |
4.021.000 |
|
Operating Costs |
-4.604.000 |
-3.149.000 |
|
Operating Profit |
-923.000 |
872.000 |
|
Wages & Salaries |
-2.021.000 |
-663.000 |
|
Depreciation |
-43.000 |
-8.000 |
|
Financial Income |
3.000 |
7.000 |
|
Financial Expenses |
-11.000 |
-5.000 |
|
Profit before Tax |
-932.000 |
873.000 |
|
Tax |
258.000 |
-258.000 |
|
Profit after Tax |
-932.000 |
873.000 |
|
Other Appropriations |
- |
- |
|
Retained Profit |
-674.000 |
615.000 |
|
Balance Sheet |
||
|
Financial Year |
2009 |
2008 |
|
Number of Weeks |
52 |
52 |
|
Currency |
NOK |
NOK |
|
Land & Buildings |
0 |
0 |
|
Plant & Machinery |
151.000 |
48.000 |
|
Other Tangible Assets |
39.000 |
0 |
|
Total Tangible Assets |
190.000 |
48.000 |
|
Goodwill |
0 |
0 |
|
Other Intangible Assets |
111.000 |
0 |
|
Total Intangible Assets |
111.000 |
0 |
|
Investments |
1.817.000 |
0 |
|
Loans To Group |
0 |
0 |
|
Other Loans |
0 |
0 |
|
Miscellaneous Fixed Assets |
0 |
0 |
|
Total Other Fixed Assets |
1.817.000 |
0 |
|
TOTAL FIXED ASSETS |
2.118.000 |
48.000 |
|
Total Inventories |
0 |
0 |
|
Trade Receivables |
0 |
2.526.000 |
|
Group Receivables |
1.657.000 |
410.000 |
|
Miscellaneous Receivables |
977.000 |
803.000 |
|
Total Receivables |
2.635.000 |
3.739.000 |
|
Cash |
308.000 |
201.000 |
|
Other Current Assets |
0 |
0 |
|
TOTAL CURRENT ASSETS |
2.942.000 |
3.940.000 |
|
TOTAL ASSETS |
5.060.000 |
3.988.000 |
|
Trade Payables |
12.000 |
129.000 |
|
Bank Liabilities |
0 |
0 |
|
Other Loans Or Finance |
0 |
0 |
|
Group Payables |
2.017.000 |
430.000 |
|
Miscellaneous Liabilities |
688.000 |
458.000 |
|
TOTAL CURRENT LIABILITIES |
2.716.000 |
1.017.000 |
|
Bank Liabilities Due After 1 Year |
0 |
0 |
|
Other Loans Or Finance Due After 1 Year |
0 |
0 |
|
Group Payables Due After 1 Year |
2.550.000 |
2.550.000 |
|
Miscellaneous Liabilities Due After 1 Year |
0 |
15.000 |
|
TOTAL LONG TERM LIABILITIES |
2.550.000 |
2.565.000 |
|
TOTAL LIABILITIES |
5.266.000 |
3.582.000 |
|
Called Up Share Capital |
100.000 |
100.000 |
|
Share Premium |
0 |
0 |
|
Revenue Reserves |
-306.000 |
306.000 |
|
TOTAL SHAREHOLDERS EQUITY |
-206.000 |
406.000 |
|
Other Financials |
||
|
Working Capital |
226.000 |
2.923.000 |
|
Net Worth |
-317.000 |
406.000 |
|
Ratios |
||
|
Pre-Tax Profit Margin |
-25.32 % |
21.71 % |
|
Return On Capital Employed |
-18.42 % |
21.89 % |
|
Return On Total Assets Employed |
-18.42 % |
21.89 % |
|
Return On Net Assets Employed |
452.43 % |
215.02 % |
|
Sales/Net Working Capital |
16.29 |
1.38 |
|
Stock Turnover Ratio |
|
|
|
Debtor Days |
|
229.29 |
|
Creditor Days |
1.19 |
11.71 |
|
Current Ratio |
1.10 |
3.90 |
|
Liquidity Ratio/Acid Test |
1.08 |
3.87 |
|
Current Debt Ratio |
-13.18 |
2.50 |
|
Gearing |
-1237.86 % |
631.77 % |
|
Equity In Percentage |
-6.58 % |
10.18 % |
|
Total Debt Ratio |
-25.60 |
8.80 |
Contact
Information
|
Main Address |
||
|
Address |
Country |
Telephone |
|
YDSTEBØ, 4180 KVITSØY |
NORWAY |
51325900 |
|
Other Address |
|
|
Address |
Country |
|
PB 391, 4067 STAVANGER |
NORWAY |
|
Email Addresses |
|
ad@hobas.no |
|
Web Pages |
|
www.hobas.no |
Share Capital Structure
|
Issued Share Capital |
100.000 NOK |
|
Shareholders |
|
|
Name |
Share Percent |
|
No Shareholders for this company. |
|
Directors/Managers
|
Current Directors |
||
|
Name |
Date of Birth |
Position |
|
DRENGSTIG TORMOD |
21/08/1968 |
Member of the board |
|
JENSSEN JAN ERIK |
01/03/1957 |
Member of the board |
|
JENSSEN JAN ERIK |
01/03/1957 |
Managing Director |
|
REIME ALF |
31/08/1954 |
Chairman of the board of directors |
Group Structure
|
Immediate Holding Parent |
|
|
Immediate Holding Company Name |
NLF INVEST AS |
|
Immediate Holding Company ID |
981071190 |
|
Immediate Holding Company Country |
NORWAY |
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Subsidiary Companies |
||
|
Subsidiary Name |
Subsidiary ID |
Country |
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No subsidiaries for this company. |
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|
|
Affiliated Companies |
||
|
Affiliate Name |
Affiliate ID |
Country |
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No affiliates for this company. |
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|
Other Information
|
Employee Information |
|
|
Year |
Number of Employees |
|
2011 |
1 |
|
2010 |
1 |
|
2009 |
4 |
|
Bankers |
|
No banker information for this company. |
|
Advisors |
|
|
Auditor Name |
ERGA REVISJON AS |
Additional Information
|
Other Information |
|
|
Company Purpose |
TILBY TJENESTER OG SALG AV TEKNOLOGI, SAMT VARER OG ANDRE TJENESTER
SOM HERVED STÅR I FORBINDELSE TIL HAVBRUKSNÆRINGEN. |
|
Comment |
|
|
Other Financial Information |
|
|
Managing Director Salary |
0 |
|
Overdraft |
|
|
Auditors Report |
|
|
Date of Financials |
31/12/2009 |
|
Auditors Comment |
CLARIFICATION OF LOST SHARE CAPITAL |
|
Auditors Comment 2 |
|
|
Auditors Comment 3 |
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|
Auditors Comment 4 |
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|
Event History |
|
|
Event Date |
Event Description |
|
21/01/2011 |
MANAGING DIRECTOR CHANGED |
|
21/01/2011 |
MEMBER OF THE BOARD CHANGED |
|
31/07/2010 |
RATING CALCULATED |
|
03/01/2010 |
RATING CALCULATED |
|
20/10/2009 |
MEMBER OF THE BOARD CHANGED |
|
20/10/2009 |
CHAIRMAN OF THE BOARD CHANGED |
|
17/09/2009 |
RATING CALCULATED |
|
12/09/2009 |
MEMBER OF THE BOARD CHANGED |
|
03/05/2009 |
RATING CALCULATED |
|
01/02/2009 |
RATING CALCULATED |
|
11/01/2009 |
RATING CALCULATED |
|
09/01/2009 |
RATING CALCULATED |
|
08/01/2009 |
MEMBER OF THE BOARD CHANGED |
|
08/01/2009 |
CHAIRMAN OF THE BOARD CHANGED |
|
04/01/2009 |
RATING CALCULATED |
|
29/12/2008 |
NAME CHANGE |
|
21/10/2008 |
RATING CALCULATED |
|
09/10/2008 |
AUDITOR CHANGED |
|
09/10/2008 |
MEMBER OF THE BOARD CHANGED |
|
09/10/2008 |
CHAIRMAN OF THE BOARD CHANGED |
|
02/10/2008 |
NAME CHANGE |
|
05/09/2008 |
RATING CALCULATED |
|
04/09/2008 |
RATING CALCULATED |
|
27/08/2008 |
RATING CALCULATED |
|
Bankruptcy Prediction |
|
|
Score |
0.1 |
|
Explanation |
Red zone = Critical |
Negative Information
|
No negative information for this company. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.68 |
|
UK Pound |
1 |
Rs.73.05 |
|
Euro |
1 |
Rs.64.29 |
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.