MIRA INFORM REPORT
|
Report Date : |
21.10.2011 |
IDENTIFICATION DETAILS
|
Name : |
BOTEX ENGROS AS |
|
|
|
|
Registered Office : |
Solbergveien 22, 3057 Solbergelva |
|
|
|
|
Country : |
Norway |
|
|
|
|
Financials (as on) : |
2010 |
|
|
|
|
Date of Incorporation : |
01.01.1975 |
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|
|
|
Com. Reg. No.: |
928049388 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
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 : |
19.200 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 30th, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
Norway |
a2 |
a2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
REGISTERED NAME & COMPANY
SUMMARY
Company Summary
|
Business Name |
BOTEX ENGROS AS |
|
NORWAY |
|
|
Company Registration Number |
928049388 |
|
Main Activity |
WHOLESALE TRADE, EXCEPT OF MOTOR VEHICLES AND MOTORCYCLES |
|
Activity Code |
4600000 |
|
Company Status |
Active |
|
Latest Turnover Figure |
7.209.000 NOK |
|
Latest Shareholder Equity Figure |
160.000 NOK |
Company
Information
|
Basic Information |
|
|
Business Name |
BOTEX ENGROS AS |
|
Registered Company Name |
BOTEX ENGROS AS |
|
Company Registration Number |
928049388 |
|
Country |
NORWAY |
|
Date of Company Registration |
28/05/1990 |
|
Date of Starting Operations |
01/01/1975 |
|
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 |
SOLBERGVEIEN 22, 3057 SOLBERGELVA |
|
Contact Telephone Number |
32232090 |
CREDIT RECOMENDATION
Current Credit Limit: 19.200 NOK
DIRECTORS/MANAGEMENT
Directors/Managers
|
Current Directors |
||
|
Name |
Date of Birth |
Position |
|
AAKRE KRISTIN BIRKEVOLD |
28/02/1964 |
Member of the board |
|
KJÆRVIK HANS-PETTER |
05/04/1948 |
Member of the board |
|
WIBERG AKSEL |
10/02/1972 |
Member of the board |
|
BRANDT TORE |
06/09/1964 |
Chairman of the board of directors |
NEGATIVE INFORMATION
Negative
Information
|
Payment Remarks |
||
|
Date |
01/11/1993 |
|
|
Type |
INVENTORY GIVEN AS SECURITY |
|
|
Source |
BRØNNØYSUNDREGISTRENE |
|
|
Status |
UNSETTLED |
|
|
Case Number |
|
|
|
Amount |
4000000 |
|
|
Settlement Date |
|
|
|
Name of Creditor |
CHRISTIANIA BANK OG KREDITKASSE. |
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|
Type of Payment Remark |
VOLUNTARY |
|
|
Date |
15/06/1992 |
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|
Type |
SECURITY IN DEBTS |
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|
Source |
BRØNNØYSUNDREGISTRENE |
|
|
Status |
UNSETTLED |
|
|
Case Number |
|
|
|
Amount |
4000000 |
|
|
Settlement Date |
|
|
|
Name of Creditor |
KREDITKASSEN, POSTBOKS 545, DRAMMEN. |
|
|
Type of Payment Remark |
VOLUNTARY |
|
|
Date |
15/08/1990 |
|
|
Type |
SECURITY IN DEBTS |
|
|
Source |
BRØNNØYSUNDREGISTRENE |
|
|
Status |
UNSETTLED |
|
|
Case Number |
|
|
|
Amount |
0 |
|
|
Settlement Date |
|
|
|
Name of Creditor |
CHRISTIANIA BANK OG KREDITKASSE, PB |
|
|
Type of Payment Remark |
VOLUNTARY |
|
|
Bankruptcy Prediction |
||
|
Score |
4.11 |
|
|
Explanation |
Green zone |
|
SHARE & SHARE CAPITAL
INFORMATION
Share Capital
Structure
|
Issued Share Capital |
108.000 NOK |
|
Shareholders |
|
|
Name |
Share Percent |
|
No Shareholders for this company. |
|
PAYMENT INFORMATION
Na
GROUP STRUCTURE & AFFILIATED
COMPANIES
Group Structure
|
Immediate Holding Parent |
|
No information for this company. |
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Subsidiary
Companies |
||
|
Subsidiary Name |
Subsidiary ID |
Country |
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No subsidiaries for this company. |
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|
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Affiliated
Companies |
||
|
Affiliate Name |
Affiliate ID |
Country |
|
TO ROM INTERIØR AS |
NORWAY |
982515610 |
|
W THOMSEN AS |
NORWAY |
916711093 |
|
I AKER-IVERSEN AS |
|
|
|
EINAR FJELDSKÅR AS |
NORWAY |
811673862 |
|
HERLIGHET AS |
NORWAY |
992266147 |
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INSPIRA HOME AS |
|
|
|
JENSEN INTERIØR AS |
NORWAY |
991443274 |
|
LILAND TEXTILHUS AS |
NORWAY |
979956614 |
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TK GULV & INTERIØR FREDRIKSTAD AS |
NORWAY |
986428313 |
|
ULDVAREN AS |
NORWAY |
881160692 |
|
K KRISTOFFERSEN AS |
NORWAY |
913600525 |
|
EGNE AKSJER |
|
|
|
KJELL NYGAARD AS |
NORWAY |
941472605 |
FINANCIAL INFORMATION
Financial
Information
|
Profit and Loss |
|||
|
Financial Year |
2010 |
2009 |
2008 |
|
Number of Weeks |
52 |
52 |
52 |
|
Currency |
NOK |
NOK |
NOK |
|
Revenue |
7.209.000 |
7.567.000 |
6.419.000 |
|
Operating Costs |
-7.057.000 |
-7.385.000 |
-6.246.000 |
|
Operating Profit |
151.000 |
183.000 |
172.000 |
|
Wages & Salaries |
-542.000 |
-536.000 |
-487.000 |
|
Depreciation |
- |
- |
- |
|
Financial Income |
- |
- |
3.000 |
|
Financial Expenses |
-147.000 |
-178.000 |
-171.000 |
|
Profit before Tax |
5.000 |
5.000 |
5.000 |
|
Tax |
- |
- |
- |
|
Profit after Tax |
5.000 |
5.000 |
5.000 |
|
Other Appropriations |
- |
- |
- |
|
Retained Profit |
5.000 |
5.000 |
5.000 |
|
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 |
0 |
0 |
0 |
|
Total Tangible Assets |
0 |
0 |
0 |
|
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 |
0 |
0 |
|
Total Inventories |
80.000 |
106.000 |
463.000 |
|
Trade Receivables |
1.429.000 |
701.000 |
934.000 |
|
Group Receivables |
0 |
0 |
0 |
|
Miscellaneous Receivables |
651.000 |
624.000 |
648.000 |
|
Total Receivables |
2.080.000 |
1.325.000 |
1.582.000 |
|
Cash |
31.000 |
360.000 |
27.000 |
|
Other Current Assets |
0 |
0 |
0 |
|
TOTAL CURRENT ASSETS |
2.190.000 |
1.790.000 |
2.072.000 |
|
TOTAL ASSETS |
2.190.000 |
1.790.000 |
2.072.000 |
|
Trade Payables |
49.000 |
174.000 |
38.000 |
|
Bank Liabilities |
397.000 |
0 |
350.000 |
|
Other Loans Or Finance |
0 |
0 |
0 |
|
Group Payables |
0 |
0 |
0 |
|
Miscellaneous Liabilities |
945.000 |
841.000 |
934.000 |
|
TOTAL CURRENT LIABILITIES |
1.391.000 |
1.015.000 |
1.322.000 |
|
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 |
640.000 |
621.000 |
608.000 |
|
TOTAL LONG TERM LIABILITIES |
640.000 |
621.000 |
608.000 |
|
TOTAL LIABILITIES |
2.031.000 |
1.636.000 |
1.930.000 |
|
Called Up Share Capital |
101.000 |
101.000 |
94.000 |
|
Share Premium |
0 |
0 |
0 |
|
Revenue Reserves |
59.000 |
54.000 |
49.000 |
|
TOTAL SHAREHOLDERS EQUITY |
160.000 |
155.000 |
142.000 |
|
Other Financials |
|||
|
Working Capital |
799.000 |
775.000 |
750.000 |
|
Net Worth |
160.000 |
155.000 |
142.000 |
|
Ratios |
|||
|
Pre-Tax Profit Margin |
0.07 % |
0.07 % |
0.08 % |
|
Return On Capital Employed |
0.23 % |
0.28 % |
0.24 % |
|
Return On Total Assets Employed |
0.23 % |
0.28 % |
0.24 % |
|
Return On Net Assets Employed |
3.14 % |
3.25 % |
3.52 % |
|
Sales/Net Working Capital |
9.02 |
9.76 |
8.56 |
|
Stock Turnover Ratio |
5.75 % |
10.44 % |
35.02 % |
|
Debtor Days |
72.35 |
33.81 |
53.11 |
|
Creditor Days |
2.48 |
8.39 |
2.16 |
|
Current Ratio |
1.60 |
1.80 |
1.60 |
|
Liquidity Ratio/Acid Test |
1.52 |
1.66 |
1.22 |
|
Current Debt Ratio |
8.69 |
6.55 |
9.31 |
|
Gearing |
39700400.00 % |
400.65 % |
35000428.17 % |
|
Equity In Percentage |
|
|
|
|
Total Debt Ratio |
12.70 |
10.60 |
|
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 |
|
4641000 |
Wholesale of textiles |
Contact
Information
|
Main Address |
||
|
Address |
Country |
Telephone |
|
SOLBERGVEIEN 22, 3057 SOLBERGELVA |
NORWAY |
32232090 |
|
Other Address |
|
|
Address |
Country |
|
Address unknown |
NORWAY |
|
Email Addresses |
|
Web Pages |
|
No information for this company. |
Other Information
|
Employee Information |
|
|
Year |
Number of Employees |
|
2011 |
2 |
|
2010 |
2 |
|
2009 |
2 |
|
Bankers |
|
No banker information for this company. |
|
Advisors |
|
|
Auditor Name |
DELOITTE AS |
Additional
Information
|
Other Information |
|
|
Company Purpose |
FELLES INNKJØP AV VARER TIL AKSJONÆRENE OG ANNEN VIRKSOMHET I
FORBINDELSE MED DETTE. |
|
Comment |
|
|
Other Financial Information |
|
No information for this company. |
|
Auditors Report |
|
|
Date of Financials |
31/12/2010 |
|
Auditors Comment |
NORMAL REPORT |
|
Auditors Comment 2 |
|
|
Auditors Comment 3 |
|
|
Auditors Comment 4 |
|
|
Event History |
|
|
Event Date |
Event Description |
|
03/01/2008 |
CHANGE IN OWNER |
|
02/06/2008 |
CHAIRMAN OF THE BOARD CHANGED |
|
02/06/2008 |
MEMBER OF THE BOARD CHANGED |
|
16/07/2008 |
RATING CALCULATED |
|
22/07/2008 |
CHANGE IN OWNER |
|
26/03/2009 |
RATING CALCULATED |
|
27/03/2009 |
CHANGE IN OWNER |
|
14/05/2010 |
CHANGE IN OWNER |
|
30/05/2011 |
RATING CALCULATED |
|
08/06/2011 |
CHANGE IN OWNER |
|
13/06/2011 |
MEMBER OF THE BOARD CHANGED |
NOTES & COMMENTS
Na
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.71 |
|
UK Pound |
1 |
Rs.78.09 |
|
Euro |
1 |
Rs.68.05 |
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.