MIRA
INFORM REPORT
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Report Date : |
09.08.2012 |
IDENTIFICATION DETAILS
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Name : |
J L BRUVIK AS |
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Registered Office : |
Langarinden 3, Postboks
73 Nyborg, Bergen, 5871 |
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Country : |
Norway |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
1986 |
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Com. Reg. No.: |
941616283 |
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Legal Form : |
Private Independent |
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Line of Business : |
Manufacturing small electric appliances and electric
housewares for heating, cooking, and other purposes |
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No. of Employees : |
45 |
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 : |
Slow but 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, 2012
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Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
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Norway |
A1 |
A1 |
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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 and address
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J L Bruvik AS |
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Business Description
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J L Bruvik AS is primarily
engaged in manufacturing small electric appliances and electric housewares
for heating, cooking, and other purposes, and electric household-type fans
(except attic fans). |
Industry
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Industry |
Miscellaneous
Capital Goods |
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ANZSIC
2006: |
2499
- Other Machinery and Equipment Manufacturing Not Elsewhere Classified |
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NACE
2002: |
2923
- Manufacture of non-domestic cooling and ventilation equipment |
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NAICS
2002: |
333411
- Air Purification Equipment Manufacturing |
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UK
SIC 2003: |
2923
- Manufacture of non-domestic cooling and ventilation equipment |
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US
SIC 1987: |
3564
- Industrial and Commercial Fans and Blowers and Air Purification Equipment |
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Registered No.(NOR)
941616283
1 - Profit & Loss Item Exchange Rate: USD 1 = NOK 6.287787
2 - Balance Sheet Item Exchange Rate: USD 1 = NOK 5.7768
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31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
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Period
Length |
12
Months |
12
Months |
12
Months |
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Filed
Currency |
NOK |
NOK |
NOK |
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Exchange
Rate (Period Average) |
6.047155 |
6.287787 |
5.651011 |
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Consolidated |
No |
No |
No |
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Total Revenue |
12.0 |
12.8 |
16.5 |
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Net Financial Items |
0.3 |
0.4 |
-0.1 |
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Operating Income |
0.6 |
0.9 |
1.3 |
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Income Before Tax |
0.9 |
1.3 |
1.2 |
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Net Income |
0.7 |
1.0 |
0.7 |
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Annual Balance Sheet |
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Financials
in: USD (mil) |
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31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
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Filed
Currency |
NOK |
NOK |
NOK |
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Exchange
Rate |
5.8125 |
5.7768 |
7.0021 |
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Consolidated |
No |
No |
No |
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Total Assets |
12.4 |
12.9 |
9.8 |
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Total Liabilities |
2.1 |
2.8 |
2.1 |
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Total Equity |
10.4 |
10.1 |
7.7 |
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Annual Ratios |
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31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
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Period
Length |
12
Months |
12
Months |
12
Months |
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Filed
Currency |
- |
- |
- |
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Exchange
Rate |
- |
- |
- |
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Consolidated |
No |
No |
No |
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Operating Margin |
5.29 |
7.30 |
7.71 |
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Current Ratio |
5.69 |
4.18 |
4.26 |
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Total debt/total equity |
83.44 |
78.19 |
78.60 |
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Return on average equity |
6.75 |
10.78 |
7.55 |
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Annual Growth Rates |
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31-Dec-2009 |
31-Dec-2008 |
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Period
Length |
12
Months |
12
Months |
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Filed
Currency |
- |
- |
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Exchange
Rate |
- |
- |
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Consolidated |
No |
No |
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Turnover Percent Change |
-9.99% |
-13.74% |
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Net Financial Items Percent Change |
-32.90% |
471.27% |
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Operating Results Percent Change |
-34.81% |
-18.27% |
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Profit/Loss Before Tax Percent Change |
-34.27% |
24.70% |
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Profit/Loss for the Year Percent Change |
-35.18% |
54.13% |
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Assets Percent Change |
-2.96% |
8.50% |
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Debts Percent Change |
-26.32% |
10.58% |
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Equity Capital Percent Change |
3.56% |
7.94% |
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Operating Margin Percent Change |
-27.53% |
-5.32% |
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Current Ratio Percent Change |
36.12% |
-1.88% |
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Debt/Equity Ratio Percent Change |
6.71% |
-0.52% |
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Retun On Equity Percent Change |
-37.38% |
42.78% |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.55.14 |
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1 |
Rs.86.00 |
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Euro |
1 |
Rs.68.31 |
INFORMATION DETAILS
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Report Prepared
by : |
PDT |
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 |
-- |
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.