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MIRA INFORM REPORT
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Report Date : |
22.09.2011 |
IDENTIFICATION DETAILS
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Name : |
AERON AS |
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Registered Office : |
Strandgt. 22, Flekkefjord, 4400 |
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Country : |
Norway |
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Year of Establishment : |
1979 |
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Com. Reg. No.: |
937775741 |
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Legal Form : |
Private Subsidiary Company |
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Line of Business : |
manufacturing electric and
nonelectric major household-type appliances (except cooking equipment,
refrigerators, upright and chest freezers, and household-type laundry
equipment). |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment
Behaviour : |
Unknown |
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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
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Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
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Norway |
a2 |
a2 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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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 |
Company name & address
AERON AS
Strandgt. 22
Flekkefjord, 4400
Norway
Tel: +47 38 32 78 00
Fax: +47 38 32 78 01
Synthesis
Employees: 31
Company Type: Private Subsidiary
Corporate Family: 7
Companies
Ultimate Parent: AF
Gruppen ASA
Incorporation Date: 1979
Reporting Currency: NA
Annual Sales: NA
Total Assets: NA
Business Description
AERON AS is
primarily engaged in manufacturing electric and nonelectric major
household-type appliances (except cooking equipment, refrigerators, upright and
chest freezers, and household-type laundry equipment).
Industry
Industry Appliance and Tool
ANZSIC 2006: 2449 - Other
Domestic Appliance Manufacturing
NACE 2002: 2971 - Manufacture
of electric domestic appliances
NAICS 2002: 335228 - Other
Major Household Appliance Manufacturing
UK SIC 2003: 2971 - Manufacture
of electric domestic appliances
US SIC 1987: 3639 - Household
Appliances, Not Elsewhere Classified
Key Executives
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Name |
Title |
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Arvid Holmen |
dagl.leder, leder |
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Fred Arve Normann |
marine, Sales Director |
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Atle Larsen |
Purchasing Executive, Purchasing Executive |
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Odd Willy Larsen |
Technical Executive, Technical Executive |
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Linda Fossdal |
HR Executive |
News
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Title |
Date |
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Defnydd
deilen gron i drin llosg eira |
14-Sep-2011 |
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Medal marks
half-century |
14-Sep-2011 |
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Policy powers
gray market in generators |
12-Sep-2011 |
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BORD Gais
has spent more than ?150,000 on state-of-the-art chairs for its new
headquarters, just four weeks after increasing its prices by 12pc. |
31-Aug-2011 |
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Jahr
learned from Norway visit |
26-Aug-2011 |
Registered No.(NOR): 937775741
1 - Profit & Loss Item Exchange Rate: USD 1 =
2 - Balance Sheet Item Exchange Rate: USD 1 =
Corporate Overview
Location
Strandgt. 22
Flekkefjord, 4400
Norway
Tel: +47 38 32 78 00
Fax: +47 38 32 78 01
Sales (mil): NA
Assets (mil): NA
Employees: 31
Industry: Appliance
and Tool
Incorporation Date: 1979
Company Type: Private
Subsidiary
Quoted Status: Not
Quoted
Registered No.(NOR): 937775741
dagl.leder, leder: Arvid
Holmen
Contents
· Industry Codes
· Business Description
· Key Corporate Relationships
Industry Codes
ANZSIC 2006 Codes:
2449 - Other Domestic Appliance Manufacturing
323 - Building Installation Services
2452 - Fixed Space Heating, Cooling and Ventilation Equipment
Manufacturing
2441 - Whiteware Appliance Manufacturing
2499 - Other Machinery and Equipment Manufacturing Not Elsewhere
Classified
244 - Domestic Appliance Manufacturing
NACE 2002 Codes:
292 - Manufacture of other general purpose machinery
2971 - Manufacture of electric domestic appliances
2923 - Manufacture of non-domestic cooling and ventilation
equipment
453 - Building installation
4533 - Plumbing
2921 - Manufacture of furnaces and furnace burners
NAICS 2002 Codes:
3334 - Ventilation, Heating, A/C, and Commercial Refrigeration
Equipment Manufacturing
335211 - Electric Housewares and Household Fan Manufacturing
23822 - Plumbing, Heating, and Air-Conditioning Contractors
3352 - Household Appliance Manufacturing
33341 - Ventilation, Heating, A/C, and Commercial Refrigeration
Equipment Manufacturing
33522 - Major Appliance Manufacturing
333412 - Industrial and Commercial Fan and Blower Manufacturing
335228 - Other Major Household Appliance Manufacturing
333414 - Heating Equipment (except Warm Air Furnaces) Manufacturing
333415 - Air-Conditioning and Warm Air Heating Equipment and
Commercial and Industrial Refrigeration Equipment Manufacturing
238220 - Plumbing, Heating, and Air-Conditioning Contractors
33521 - Small Electrical Appliance Manufacturing
333411 - Air Purification Equipment Manufacturing
335221 - Household Cooking Appliance Manufacturing
US SIC 1987:
3634 - Electric Housewares and Fans
3433 - Heating Equipment, Except Electric and Warm Air Furnaces
3564 - Industrial and Commercial Fans and Blowers and Air
Purification Equipment
3631 - Household Cooking Equipment
3585 - Air-Conditioning and Warm Air Heating Equipment and Commercial
and Industrial Refrigeration Equipment
3639 - Household Appliances, Not Elsewhere Classified
1711 - Plumbing, Heating and Air-Conditioning
363 - Household Appliances
UK SIC 2003:
453 - Building installation
2921 - Manufacture of furnaces and furnace burners
4533 - Plumbing
292 - Manufacture of other general purpose machinery
2923 - Manufacture of non-domestic cooling and ventilation
equipment
2971 - Manufacture of electric domestic appliances
Business
Description
AERON AS is primarily engaged in manufacturing electric and nonelectric
major household-type appliances (except cooking equipment, refrigerators,
upright and chest freezers, and household-type laundry equipment).
Key Corporate
Relationships
Bank: Sparebank 1 SR Bank
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Corporate
Family |
Corporate
Structure News: |
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Total Corporate Family Members: 7 |
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Company Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
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Parent |
Oslo |
Norway |
Construction Services |
963.8 |
1,995 |
Acquisition of Dr
Techn Olav Olsen AS proposed/announced.See corporate
structure news on AF
Gruppen ASA for details
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Subsidiary |
Oslo |
Norway |
Construction Services |
4,036.1 |
2,000 |
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Subsidiary |
Halden |
Norway |
Construction Services |
266.0 |
80 |
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Subsidiary |
Oslo |
Norway |
Construction Services |
564.1 |
1,421 |
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Subsidiary |
Oslo, Oslo |
Norway |
Retail (Specialty) |
10.7 |
55 |
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Subsidiary |
Flekkefjord, Vest-Agder |
Norway |
Appliance and Tool |
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31 |
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Subsidiary |
Skedsmokorset, Akershus |
Norway |
Construction Services |
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24 |
Executive report
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Board
of Directors |
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dagl.leder, leder |
Director/Board Member |
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Executives |
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marine, Sales Director |
Division Head Executive |
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dagl.leder, leder |
Managing Director |
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Purchasing Executive, Purchasing Executive |
Administration Executive |
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HR Executive |
Human Resources Executive |
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Technical Executive, Technical Executive |
Engineering/Technical Executive |
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FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.47.89 |
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UK Pound |
1 |
Rs.75.31 |
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Euro |
1 |
Rs.65.64 |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NB |
New Business |
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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.