MIRA INFORM REPORT
|
Report Date : |
29.06.2011 |
IDENTIFICATION DETAILS
|
Name : |
SMOLTKOMPETANSE AS |
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Registered Office : |
9163 Jøkelfjord |
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Country : |
Norway |
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Financials (as on) : |
2009 |
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Date of Incorporation : |
01.01.1997 |
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Com. Reg. No.: |
979555687 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Fishing and Aquaculture |
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 |
|
Status : |
Satisfactory |
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|
|
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Payment
Behaviour : |
Usually Correct |
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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 |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
|
Off-credit |
D |
REGISTERED NAME & COMPANY
SUMMARY
Company Summary
|
Business Name |
SMOLTKOMPETANSE AS |
|
Country |
NORWAY |
|
Company Registration Number |
979555687 |
|
FISHING AND AQUACULTURE |
|
|
Activity Code |
0300000 |
|
Company Status |
Active |
|
Latest Turnover Figure |
- |
|
Latest Shareholder Equity Figure |
127.000 NOK |
Company
Information
|
Basic Information |
|
|
Business Name |
SMOLTKOMPETANSE AS |
|
Registered Company Name |
SMOLTKOMPETANSE AS |
|
Company Registration Number |
979555687 |
|
Country |
NORWAY |
|
Date of Company Registration |
06/02/1998 |
|
Date of Starting Operations |
01/01/1997 |
|
Legal Form |
Limited liability company |
|
Company Status |
Active |
|
Currency of this Report |
NOK |
|
Principal Activity Description |
FISHING AND AQUACULTURE |
|
Contact Address |
, 9163 JØKELFJORD |
|
Contact Telephone Number |
|
CREDIT RECOMENDATION
Current Credit Limit: No credit limit recommended.
DIRECTORS/MANAGEMENT
Directors/Managers
|
Current Directors |
||
|
Name |
Date of Birth |
Position |
|
BÅTNES KAJ ARVID |
22/01/1953 |
Deputy |
|
RØNNING TERJE KILDAL |
13/08/1961 |
Owner |
|
RØNNING TERJE KILDAL |
13/08/1961 |
Managing Director |
|
RØNNING TERJE KILDAL |
13/08/1961 |
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
Nothing to disclosed.
GROUP STRUCTURE & AFFILIATED
COMPANIES
Group Structure
|
No group structure for this company |
FINANCIAL INFORMATION
Financial
Information
|
Profit and Loss |
|||
|
Financial Year |
2009 |
2008 |
2007 |
|
Number of Weeks |
52 |
52 |
52 |
|
Currency |
NOK |
NOK |
NOK |
|
Revenue |
- |
83.000 |
272.000 |
|
Operating Costs |
-33.000 |
-57.000 |
-228.000 |
|
Operating Profit |
-32.000 |
26.000 |
45.000 |
|
Wages & Salaries |
-1.000 |
-1.000 |
-20.000 |
|
Depreciation |
-12.000 |
-3.000 |
-4.000 |
|
Financial Income |
1.000 |
3.000 |
1.000 |
|
Financial Expenses |
- |
- |
- |
|
Profit before Tax |
-31.000 |
29.000 |
46.000 |
|
Tax |
9.000 |
-8.000 |
-13.000 |
|
Profit after Tax |
-31.000 |
29.000 |
46.000 |
|
Other Appropriations |
- |
- |
- |
|
Retained Profit |
-23.000 |
21.000 |
33.000 |
Financial Information
|
Profit and Loss |
|||
|
Financial Year |
2009 |
2008 |
2007 |
|
Number of Weeks |
52 |
52 |
52 |
|
Currency |
NOK |
NOK |
NOK |
|
Revenue |
- |
83.000 |
272.000 |
|
Operating Costs |
-33.000 |
-57.000 |
-228.000 |
|
Operating Profit |
-32.000 |
26.000 |
45.000 |
|
Wages & Salaries |
-1.000 |
-1.000 |
-20.000 |
|
Depreciation |
-12.000 |
-3.000 |
-4.000 |
|
Financial Income |
1.000 |
3.000 |
1.000 |
|
Financial Expenses |
- |
- |
- |
|
Profit before Tax |
-31.000 |
29.000 |
46.000 |
|
Tax |
9.000 |
-8.000 |
-13.000 |
|
Profit after Tax |
-31.000 |
29.000 |
46.000 |
|
Other Appropriations |
- |
- |
- |
|
Retained Profit |
-23.000 |
21.000 |
33.000 |
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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 |
12.000 |
15.000 |
|
Other Tangible Assets |
0 |
0 |
0 |
|
Total Tangible Assets |
0 |
12.000 |
15.000 |
|
Goodwill |
0 |
0 |
0 |
|
Other Intangible Assets |
0 |
0 |
0 |
|
Total Intangible Assets |
0 |
0 |
0 |
|
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 |
0 |
12.000 |
15.000 |
|
Total Inventories |
40.000 |
40.000 |
40.000 |
|
Trade Receivables |
0 |
0 |
38.000 |
|
Group Receivables |
0 |
0 |
0 |
|
Miscellaneous Receivables |
9.000 |
2.000 |
5.000 |
|
Total Receivables |
9.000 |
2.000 |
43.000 |
|
Cash |
86.000 |
133.000 |
102.000 |
|
Other Current Assets |
0 |
0 |
0 |
|
TOTAL CURRENT ASSETS |
135.000 |
174.000 |
184.000 |
|
TOTAL ASSETS |
135.000 |
186.000 |
199.000 |
|
Trade Payables |
0 |
0 |
0 |
|
Bank Liabilities |
0 |
0 |
0 |
|
Other Loans Or Finance |
0 |
0 |
0 |
|
Group Payables |
0 |
0 |
0 |
|
Miscellaneous Liabilities |
8.000 |
37.000 |
70.000 |
|
TOTAL CURRENT LIABILITIES |
8.000 |
37.000 |
71.000 |
|
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 |
8.000 |
37.000 |
71.000 |
|
Called Up Share Capital |
100.000 |
100.000 |
100.000 |
|
Share Premium |
0 |
0 |
0 |
|
Revenue Reserves |
27.000 |
49.000 |
29.000 |
|
TOTAL SHAREHOLDERS EQUITY |
127.000 |
149.000 |
129.000 |
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Other |
|||
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Working Capital |
127.000 |
137.000 |
113.000 |
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Net Worth |
127.000 |
149.000 |
129.000 |
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Ratios |
|||
|
Pre-Tax Profit Margin |
|
34.94 % |
16.91 % |
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Return On Capital Employed |
-22.96 % |
15.59 % |
23.00 % |
|
Return On Total Assets Employed |
-22.96 % |
15.59 % |
23.12 % |
|
Return On Net Assets Employed |
-24.41 % |
19.46 % |
35.94 % |
|
Sales/Net Working Capital |
|
0.61 |
2.41 |
|
Stock Turnover Ratio |
500.00 % |
108.11 % |
56.34 % |
|
Debtor Days |
|
|
50.99 |
|
Creditor Days |
|
|
|
|
Current Ratio |
16.90 |
4.70 |
2.60 |
|
Liquidity Ratio/Acid Test |
11.88 |
3.62 |
2.03 |
|
Current Debt Ratio |
0.06 |
0.25 |
0.55 |
|
Gearing |
|
|
|
|
Equity In Percentage |
|
80.11 % |
64.82 % |
|
Total Debt Ratio |
0.10 |
0.20 |
|
FOREIGN EXCHANGE RATES
Na
ADDITIONAL INFORMATION
|
Main Address |
||
|
Address |
Country |
Telephone |
|
, 9163 JØKELFJORD |
NORWAY |
|
|
Other Address |
|
|
Address |
Country |
|
C/O STEIN CHRIS, 9163 JØKELFJORD |
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
|
Employee Information |
|
|
Year |
Number of Employees |
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No employee information for this company. |
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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 |
KPMG AS |
Additional
Information
|
Other Information |
|
|
Company Purpose |
TJENESTEYTELSER, DRIFT OG EIERSKAP I OPPDRETTSNÆRINGEN. |
|
Comment |
|
|
Other Financial Information |
|
|
Managing Director Salary |
0 |
|
Overdraft |
|
|
Auditors Report |
|
|
Date of Financials |
31/12/2009 |
|
Auditors Comment |
NORMAL REPORT |
|
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 |
|
|
|
13/07/2010 |
RATING CALCULATED |
|
|
|
25/07/2009 |
RATING CALCULATED |
|
|
|
23/07/2008 |
RATING CALCULATED |
|
|
|
06/01/2008 |
RATING CALCULATED |
|
|
|
27/06/2007 |
RATING CALCULATED |
|
|
|
Bankruptcy Prediction |
|||
|
Score |
11.21 |
||
|
Explanation |
Green zone |
||
NOTES & COMMENTS
Na
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.45.05 |
|
UK Pound |
1 |
Rs.71.92 |
|
Euro |
1 |
Rs.64.37 |
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.