MIRA
INFORM REPORT
|
Report Date : |
23.09.2011 |
IDENTIFICATION DETAILS
|
Name : |
AERON AS |
|
|
|
|
Registered Office : |
Nulandsvika 8, 4400 Flekkefjord |
|
|
|
|
Country : |
Norway |
|
|
|
|
Financials (as on) : |
2010 |
|
|
|
|
Date of Incorporation : |
10.04.1989 |
|
|
|
|
Com. Reg. No.: |
937775741 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
Manufacture of other transport equipment |
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 |
|
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 – 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 |
REGISTERED NAME & COMPANY
SUMMARY
Company Summary
|
Business Name |
|
|
Country |
NORWAY |
|
Company Registration Number |
937775741 |
|
Main Activity |
MANUFACTURE OF OTHER TRANSPORT EQUIPMENT |
|
Activity Code |
3000000 |
|
Company Status |
Active |
Company
Information
|
Basic Information |
|
|
Business Name |
AERON AS |
|
Registered Company Name |
AERON AS |
|
Company Registration Number |
937775741 |
|
Country |
NORWAY |
|
Date of Company Registration |
10/04/1989 |
|
Date of Starting Operations |
01/01/1985 |
|
Legal Form |
Limited liability company |
|
Company Status |
Active |
|
Currency of this Report |
NOK |
|
Principal Activity Description |
MANUFACTURE OF OTHER TRANSPORT EQUIPMENT |
|
Contact Address |
NULANDSVIKA 8, 4400 FLEKKEFJORD |
|
Contact Telephone Number |
38327800 |
DIRECTORS/MANAGEMENT
Directors/Managers
|
Current Directors |
||
|
Name |
Date of Birth |
Position |
|
FLIKKA HEIDI NAG |
23/04/1975 |
Deputy |
|
HANSEN JAN KÅRE |
29/12/1966 |
Employee representative |
|
NYGAARD AAGE IVAR |
29/05/1949 |
Deputy |
|
PETTERSEN OLE MORTEN |
18/12/1959 |
Member of the board |
|
NORMANN FRED ARVE |
20/08/1964 |
Managing Director |
|
FJUKSTAD TORE |
03/06/1961 |
Chairman of the board of directors |
NEGATIVE INFORMATION
Negative
Information
|
Payment Remarks |
|
|
Date |
24/10/2005 |
|
Type |
SECURITY IN DEBTS |
|
Source |
BRØNNØYSUNDREGISTRENE |
|
Status |
UNSETTLED |
|
Case Number |
|
|
Amount |
10000000 |
|
Settlement Date |
|
|
Name of Creditor |
FLEKKEFJORD SPAREBANK |
|
Type of Payment Remark |
VOLUNTARY |
|
Date |
12/10/2005 |
|
Type |
INVENTORY GIVEN AS SECURITY |
|
Source |
BRØNNØYSUNDREGISTRENE |
|
Status |
UNSETTLED |
|
Case Number |
|
|
Amount |
10000000 |
|
Settlement Date |
|
|
Name of Creditor |
FLEKKEFJORD SPAREBANK |
|
Type of Payment Remark |
VOLUNTARY |
|
Date |
12/10/2005 |
|
Type |
SECURITY IN MOTOR VEHICLES |
|
Source |
BRØNNØYSUNDREGISTRENE |
|
Status |
UNSETTLED |
|
Case Number |
|
|
Amount |
10000000 |
|
Settlement Date |
|
|
Name of Creditor |
FLEKKEFJORD SPAREBANK |
|
Type of Payment Remark |
VOLUNTARY |
|
Date |
12/10/2005 |
|
Type |
SECURITY IN OPERATING EQUIPMENT |
|
Source |
BRØNNØYSUNDREGISTRENE |
|
Status |
UNSETTLED |
|
Case Number |
|
|
Amount |
10000000 |
|
Settlement Date |
|
|
Name of Creditor |
FLEKKEFJORD SPAREBANK |
|
Type of Payment Remark |
VOLUNTARY |
SHARE & SHARE CAPITAL
INFORMATION
Share Capital
Structure
|
Issued Share Capital |
1.138.800 NOK |
|
Shareholders |
|
|
Name |
Share Percent |
|
No Shareholders for this company |
|
PAYMENT INFORMATION
Na
GROUP STRUCTURE & AFFILIATED
COMPANIES
Group Structure
|
Immediate Holding Parent |
|
|
Immediate Holding Company Name |
AF ENTECH AS |
|
Immediate Holding Company ID |
993000396 |
|
Immediate Holding Company Country |
NORWAY |
|
Subsidary Companies |
||
|
Subsidiary Name |
Subsidiary ID |
Country |
|
No subsidaries for this company. |
|
|
|
Affiliated Companies |
||
|
Affiliate Name |
Affiliate ID |
Country |
|
No affiliates for this company. |
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FINANCIAL INFORMATION
Financial
Information
|
Profit and Loss |
|||
|
Financial Year |
2010 |
2009 |
2008 |
|
Number of Weeks |
52 |
52 |
52 |
|
Currency |
NOK |
NOK |
NOK |
|
Revenue |
238.986.000 |
282.443.000 |
362.992.000 |
|
Operating Costs |
-228.035.000 |
-262.412.000 |
-323.410.000 |
|
Operating Profit |
10.951.000 |
20.032.000 |
39.583.000 |
|
Wages & Salaries |
-34.367.000 |
-31.476.000 |
-25.368.000 |
|
Depreciation |
-798.000 |
-1.003.000 |
-493.000 |
|
Financial Income |
858.000 |
1.169.000 |
5.122.000 |
|
Financial Expenses |
-357.000 |
-1.182.000 |
-1.304.000 |
|
Profit before Tax |
11.452.000 |
20.019.000 |
43.400.000 |
|
Tax |
-3.303.000 |
-5.620.000 |
-12.173.000 |
|
Profit after Tax |
11.452.000 |
20.019.000 |
43.400.000 |
|
Other Appropriations |
- |
- |
- |
|
Retained Profit |
8.149.000 |
14.399.000 |
31.227.000 |
|
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 |
4.385.000 |
4.087.000 |
1.767.000 |
|
Total Tangible Assets |
4.385.000 |
4.087.000 |
1.767.000 |
|
Goodwill |
0 |
0 |
0 |
|
Other Intangible Assets |
0 |
0 |
0 |
|
Total Intangible Assets |
0 |
0 |
0 |
|
Investments |
254.000 |
1.118.000 |
254.000 |
|
Loans To Group |
0 |
0 |
0 |
|
Other Loans |
0 |
0 |
0 |
|
Miscellaneous Fixed Assets |
0 |
0 |
0 |
|
Total Other Fixed Assets |
254.000 |
1.118.000 |
254.000 |
|
TOTAL FIXED ASSETS |
4.639.000 |
5.205.000 |
2.021.000 |
|
Total Inventories |
4.592.000 |
4.340.000 |
3.551.000 |
|
Trade Receivables |
33.744.000 |
48.509.000 |
100.680.000 |
|
Group Receivables |
46.656.000 |
0 |
0 |
|
Miscellaneous Receivables |
4.077.000 |
3.875.000 |
96.000 |
|
Total Receivables |
84.476.000 |
52.384.000 |
100.776.000 |
|
Cash |
12.047.000 |
47.930.000 |
29.810.000 |
|
Other Current Assets |
0 |
0 |
0 |
|
TOTAL CURRENT ASSETS |
101.115.000 |
104.653.000 |
134.137.000 |
|
TOTAL ASSETS |
105.754.000 |
109.858.000 |
136.158.000 |
|
Trade Payables |
22.115.000 |
22.559.000 |
28.884.000 |
|
Bank Liabilities |
0 |
0 |
0 |
|
Other Loans Or Finance |
0 |
0 |
0 |
|
Group Payables |
21.355.000 |
14.059.000 |
8.700.000 |
|
Miscellaneous Liabilities |
9.849.000 |
8.898.000 |
38.678.000 |
|
TOTAL CURRENT LIABILITIES |
53.320.000 |
45.517.000 |
76.263.000 |
|
Bank Liabilities Due After 1 Year |
0 |
0 |
1.362.000 |
|
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 |
11.368.000 |
16.370.000 |
14.847.000 |
|
TOTAL LONG TERM LIABILITIES |
11.368.000 |
16.370.000 |
16.209.000 |
|
TOTAL LIABILITIES |
64.688.000 |
61.887.000 |
92.472.000 |
|
Called Up Share Capital |
1.139.000 |
1.139.000 |
1.139.000 |
|
Share Premium |
4.299.000 |
3.978.000 |
3.969.000 |
|
Revenue Reserves |
35.628.000 |
42.855.000 |
38.578.000 |
|
TOTAL SHAREHOLDERS EQUITY |
41.067.000 |
47.971.000 |
43.686.000 |
|
Other Financials |
|||
|
Working Capital |
47.795.000 |
59.136.000 |
57.874.000 |
|
Net Worth |
41.067.000 |
47.971.000 |
43.686.000 |
|
Ratios |
|||
|
Pre-Tax Profit Margin |
4.79 % |
7.09 % |
11.96 % |
|
Return On Capital Employed |
10.83 % |
18.22 % |
31.87 % |
|
Return On Total Assets Employed |
10.83 % |
18.22 % |
31.87 % |
|
Return On Net Assets Employed |
27.89 % |
41.73 % |
99.35 % |
|
Sales/Net Working Capital |
5.00 |
4.78 |
6.27 |
|
Stock Turnover Ratio |
8.61 % |
9.53 % |
4.66 % |
|
Debtor Days |
51.54 |
62.69 |
101.24 |
|
Creditor Days |
33.78 |
29.15 |
29.04 |
|
Current Ratio |
1.90 |
2.30 |
1.80 |
|
Liquidity Ratio/Acid Test |
1.81 |
2.20 |
1.71 |
|
Current Debt Ratio |
1.30 |
0.95 |
1.75 |
|
Gearing |
27.68 % |
34.12 % |
37.10 % |
|
Equity In Percentage |
38.93 % |
44.12 % |
32.14 % |
|
Total Debt Ratio |
1.60 |
1.30 |
|
FOREIGN EXCHANGE RATES
Na
ADDITIONAL INFORMATION
|
Latest Turnover Figure |
238.986.000 NOK |
|
|
Latest Shareholder Equity Figure |
41.067.000 NOK |
|
|
Activities |
||
|
Activity Code |
Activity Description |
|
|
3000000 |
MANUFACTURE OF OTHER TRANSPORT EQUIPMENT |
|
|
3010000 |
Building of ships and boats |
|
|
3011000 |
Building of ships and floating structures |
|
|
3011600 |
Installation and completion work on platforms and modules |
|
|
4300000 |
SPECIALISED CONSTRUCTION ACTIVITIES |
|
|
4320000 |
Electrical, plumbing and other construction installation act |
|
|
4321000 |
Electrical installation |
|
|
4322000 |
Plumbing, heat and air-conditioning installation |
|
|
4600000 |
WHOLESALE TRADE, EXCEPT OF MOTOR VEHICLES AND MOTORCYCLES |
|
|
4670000 |
Other specialised wholesale |
|
|
4673000 |
Wholesale of wood, construction materials and sanitary equip |
|
|
4673900 |
Wholesale of construction materials n.e.c. |
|
|
4674000 |
Wholesale of hardware, plumbing and heating equipment and su |
|
|
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 |
|
AERON MILJØTEKNIKK AS |
|
MILJØ-TEKNIKK AS |
Contact Information
|
Main Address |
||
|
Address |
Country |
Telephone |
|
NULANDSVIKA 8, 4400 FLEKKEFJORD |
NORWAY |
38327800 |
|
Other Address |
|
|
Address |
Country |
|
Address unknown |
NORWAY |
|
Email Addresses |
|
adm@aeron.no |
|
Web Pages |
|
www.aeron.no |
Additional
Information
|
Other Information |
|
|
Company Purpose |
DESIGN, RÅDGIVNING, SERVICE OG LEVERANSE AV KOMPLETTE VARME-, OG
VENTILASJON, OG AIRCONDITION SYSTEMER TIL SKIP OG INDUSTRIBYGG. DELTAGELSE I ANDRE
FORETAK INNEN SAMME BRANSJE. |
|
Comment |
|
|
Other Financial Information |
|
|
Managing Director Salary |
1260000 |
|
Overdraft |
|
|
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 |
|
29/04/2009 |
RATING CALCULATED |
|
23/08/2011 |
MEMBER OF THE BOARD CHANGED |
|
15/08/2011 |
AUDITOR CHANGED |
|
18/05/2011 |
RATING CALCULATED |
|
26/04/2010 |
CHANGE IN OWNER |
|
09/12/2009 |
RATING CALCULATED |
|
08/12/2009 |
CHANGE IN REMARK |
|
24/11/2009 |
RATING CALCULATED |
|
16/07/2009 |
MEMBER OF THE BOARD CHANGED |
|
14/05/2009 |
MANAGING DIRECTOR CHANGED |
|
29/04/2009 |
CHANGE IN OWNER |
|
29/04/2009 |
CHANGE IN SUBSIDIARY |
|
15/09/2008 |
CHAIRMAN OF THE BOARD CHANGED |
|
15/09/2008 |
MEMBER OF THE BOARD CHANGED |
|
05/09/2008 |
RATING CALCULATED |
|
17/03/2008 |
SHARE CAPITAL CHANGED |
NOTES & COMMENTS
Na
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.48.82 |
|
|
1 |
Rs.75.48 |
|
Euro |
1 |
Rs.66.10 |
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.