MIRA INFORM REPORT
|
Report Date : |
17.06.2011 |
IDENTIFICATION DETAILS
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Name : |
CC GARDINER AS |
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Registered Office : |
Fossegrenda 13 B, 7038 Trondheim |
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Country : |
Norway |
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Financials (as on) : |
2009 |
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Date of Incorporation : |
14.02.1990 |
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Com. Reg. No.: |
937925387 |
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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 : |
333.900 NOK |
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Status : |
Good |
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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 |
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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
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Business Name |
CC GARDINER AS |
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Country |
NORWAY |
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Company Registration
Number |
937925387 |
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Main Activity |
WHOLESALE TRADE, EXCEPT
OF MOTOR VEHICLES AND MOTORCYCLES |
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Activity Code |
4600000 |
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Company Status |
Active |
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Basic Information |
||
|
Business Name |
CC GARDINER AS |
|
|
Registered Company Name |
CC GARDINER AS |
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|
Company Registration
Number |
937925387 |
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|
Country |
NORWAY |
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Date of Company
Registration |
14/02/1990 |
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Date of Starting
Operations |
01/01/1985 |
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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 |
WHOLESALE TRADE, EXCEPT
OF MOTOR VEHICLES AND MOTORCYCLES |
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Contact Address |
FOSSEGRENDA 13 B, 7038
TRONDHEIM |
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Contact Telephone Number |
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CREDIT RECOMENDATION
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Current Credit Limit |
333.900 NOK |
DIRECTORS/MANAGEMENT
|
Current Directors |
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|
Name |
Date of Birth |
Position |
|
FROST BJØRN |
07/08/1943 |
Member of the board |
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HOFSTAD BODIL MERETE |
28/06/1966 |
Member of the board |
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HOFSTAD WENCHE |
23/05/1964 |
Member of the board |
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HOFSTAD BODIL MERETE |
28/06/1966 |
Owner |
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HOFSTAD SIGMUND |
29/05/1941 |
Owner |
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HOFSTAD WENCHE |
23/05/1964 |
Owner |
|
HOFSTAD SIGMUND |
29/05/1941 |
Managing Director |
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HOFSTAD SIGMUND |
29/05/1941 |
Chairman of the board of
directors |
NEGATIVE INFORMATION
Negative Information
|
No negative information
for this company. |
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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PAYMENT INFORMATION
Na
GROUP STRUCTURE & AFFILIATED
COMPANIES
Group Structure
|
No group structure for
this company |
FINANCIAL INFORMATION
Financial Information
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Profit and Loss |
|||
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Financial Year |
2009 |
2008 |
2007 |
|
Number of Weeks |
52 |
52 |
52 |
|
Currency |
NOK |
NOK |
NOK |
|
Revenue |
11.065.000 |
10.612.000 |
9.810.000 |
|
Operating Costs |
-10.668.000 |
-10.345.000 |
-9.188.000 |
|
Operating Profit |
397.000 |
267.000 |
621.000 |
|
Wages & Salaries |
-3.310.000 |
-3.246.000 |
-2.884.000 |
|
Depreciation |
-63.000 |
-38.000 |
-39.000 |
|
Financial Income |
65.000 |
83.000 |
54.000 |
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Financial Expenses |
-17.000 |
-20.000 |
-144.000 |
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Profit before Tax |
445.000 |
331.000 |
531.000 |
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Tax |
-126.000 |
-93.000 |
-183.000 |
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Profit after Tax |
445.000 |
331.000 |
531.000 |
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Other Appropriations |
- |
- |
- |
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Retained Profit |
319.000 |
238.000 |
348.000 |
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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 |
127.000 |
165.000 |
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Other Tangible Assets |
287.000 |
0 |
0 |
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Total Tangible Assets |
287.000 |
127.000 |
165.000 |
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Goodwill |
0 |
0 |
0 |
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Other Intangible Assets |
134.000 |
112.000 |
205.000 |
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Total Intangible Assets |
134.000 |
112.000 |
205.000 |
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Investments |
7.000 |
45.000 |
80.000 |
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Loans To Group |
0 |
0 |
0 |
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Other Loans |
0 |
0 |
0 |
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Miscellaneous Fixed
Assets |
0 |
0 |
0 |
|
Total Other Fixed Assets |
7.000 |
45.000 |
80.000 |
|
TOTAL FIXED ASSETS |
427.000 |
283.000 |
449.000 |
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Total Inventories |
1.933.000 |
2.396.000 |
1.886.000 |
|
Trade Receivables |
657.000 |
464.000 |
713.000 |
|
Group Receivables |
0 |
0 |
0 |
|
Miscellaneous
Receivables |
27.000 |
25.000 |
23.000 |
|
Total Receivables |
683.000 |
489.000 |
736.000 |
|
Cash |
2.848.000 |
2.289.000 |
1.901.000 |
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Other Current Assets |
0 |
0 |
0 |
|
TOTAL CURRENT ASSETS |
5.464.000 |
5.174.000 |
4.523.000 |
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TOTAL ASSETS |
5.891.000 |
5.457.000 |
4.972.000 |
|
Trade Payables |
422.000 |
585.000 |
312.000 |
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Bank Liabilities |
0 |
0 |
0 |
|
Other Loans Or Finance |
0 |
0 |
0 |
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Group Payables |
0 |
0 |
0 |
|
Miscellaneous
Liabilities |
1.086.000 |
608.000 |
633.000 |
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TOTAL CURRENT
LIABILITIES |
1.508.000 |
1.193.000 |
946.000 |
|
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 |
1.508.000 |
1.193.000 |
946.000 |
|
Called Up Share Capital |
100.000 |
100.000 |
100.000 |
|
Share Premium |
0 |
0 |
0 |
|
Revenue Reserves |
4.284.000 |
4.165.000 |
3.927.000 |
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TOTAL SHAREHOLDERS
EQUITY |
4.384.000 |
4.265.000 |
4.027.000 |
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Other Financials |
|||
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Working Capital |
3.956.000 |
3.981.000 |
3.577.000 |
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Net Worth |
4.250.000 |
4.153.000 |
3.822.000 |
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Ratios |
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Pre-Tax Profit Margin |
4.02 % |
3.12 % |
5.41 % |
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Return On Capital
Employed |
7.55 % |
6.06 % |
10.68 % |
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Return On Total Assets
Employed |
7.55 % |
6.07 % |
10.68 % |
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Return On Net Assets
Employed |
10.15 % |
7.76 % |
13.19 % |
|
Sales/Net Working
Capital |
2.80 |
2.67 |
2.74 |
|
Stock Turnover Ratio |
128.18 % |
200.84 % |
199.37 % |
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Debtor Days |
21.67 |
15.96 |
26.53 |
|
Creditor Days |
13.92 |
20.12 |
11.61 |
|
Current Ratio |
3.60 |
4.30 |
4.80 |
|
Liquidity Ratio/Acid
Test |
2.34 |
2.33 |
2.79 |
|
Current Debt Ratio |
0.34 |
0.28 |
0.23 |
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Gearing |
|
|
|
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Equity In Percentage |
76.23 % |
80.46 % |
85.90 % |
|
Total Debt Ratio |
0.30 |
0.30 |
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FOREIGN EXCHANGE RATES
Na
ADDITIONAL INFORMATION
|
Main Address |
||
|
Address |
Country |
Telephone |
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FOSSEGRENDA 13 B, 7038
TRONDHEIM |
NORWAY |
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Other Address |
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Address |
Country |
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PB
4208, 7436 TRONDHEIM |
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. |
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Employee Information |
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|
Year |
Number of Employees |
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2011 |
10 |
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2010 |
10 |
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2009 |
12 |
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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 |
ORKLA REVISJON AS |
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Other Information |
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Company Purpose |
HANDELSVIRKSOMHET OG ALT
SOM DERMED STÅR I FORBINDELSE SAMT FORETA INVESTERINGER. |
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Comment |
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Other Financial
Information |
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Managing Director Salary |
293000 |
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Overdraft |
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Auditors Report |
|
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Date of Financials |
31/12/2009 |
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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 |
|
27/05/2009 |
RATING CALCULATED |
|
01/07/2008 |
RATING CALCULATED |
|
Bankruptcy Prediction |
|
|
Score |
5.73 |
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Explanation |
Green zone |
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Activities |
|
|
Activity Code |
Activity Description |
|
4600000 |
WHOLESALE TRADE, EXCEPT
OF MOTOR VEHICLES AND MOTORCYCLES |
|
4640000 |
Wholesale of household
goods |
|
4641000 |
Wholesale of textiles |
NOTES & COMMENTS
Na
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.90 |
|
UK Pound |
1 |
Rs.72.54 |
|
Euro |
1 |
Rs.63.39 |
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.