MIRA
INFORM REPORT
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Report Date : |
10.08.2012 |
IDENTIFICATION DETAILS
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Name : |
NOFI TROMSO¸ AS |
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Registered Office : |
Eidkjosen, Kvaloysletta, 9100 |
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Country : |
Norway |
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Financials (as on) : |
31.12.2010 |
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Year of Establishment : |
1978 |
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Com. Reg. No.: |
985374317 |
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Legal Form : |
Private Independent Company |
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Line of Business : |
manufacturing metal bolts, nuts, screws, rivets, and
washers, and other industrial fasteners using machines, such as headers,
threaders, and nut forming machines |
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No. of Employees : |
48 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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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 & address
NOFI Tromso¸ AS
Eidkjosen
Kvaloysletta, 9100
Norway
Tel: +47 77 69 80 00
Fax: +47 77 69 80 01
Web: www.nofi.no
Synthesis
Employees: 48
Company Type: Private Independent
Incorporation Date: 1978
Financials in: USD
(Millions)
Fiscal Year End: 31-Dec-2010
Reporting Currency: Norwegian
Krone
Annual Sales: 14.6
Net Income: 1.3
Total Assets: 8.1
Business Description
NOFI Tromso¸ AS is primarily engaged in manufacturing metal bolts, nuts,
screws, rivets, and washers, and other industrial fasteners using machines,
such as headers, threaders, and nut forming machines.
Industry
Industry Miscellaneous Fabricated Products
ANZSIC 2006: 2292 - Nut, Bolt,
Screw and Rivet Manufacturing
NACE 2002: 2874 - Manufacture
of fasteners, screw machine products, chains and springs
NAICS 2002: 332722 - Bolt,
Nut, Screw, Rivet, and Washer Manufacturing
UK SIC 2003: 2874 - Manufacture
of fasteners, screw machine products, chains and springs
US SIC 1987: 3452 - Bolts,
Nuts, Screws, Rivets, and Washers
Key Executives
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Name |
Title |
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Torgrim Rørtveit |
disponent |
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Ronald Andersen |
industriplast |
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Kjell Winge |
Purchasing Executive |
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Tor Kristian Fagerheim |
oljelenser |
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Eirik Fosland |
leder |
Registered No.(NOR): 985374317
1 - Profit & Loss Item Exchange Rate: USD 1 = NOK 6.047155
2 - Balance Sheet Item Exchange Rate: USD 1 = NOK 5.8125
Corporate Overview
Location
Eidkjosen
Kvaloysletta, 9100
Norway
Tel: +47 77 69 80 00
Fax: +47 77 69 80 01
Web: www.nofi.no
Sales NOK(mil): 88.2
Assets NOK(mil): 47.0
Employees: 48
Fiscal Year End: 31-Dec-2010
Industry: Miscellaneous
Fabricated Products
Incorporation Date: 1978
Company Type: Private
Independent
Quoted Status: Not
Quoted
Registered No.(NOR): 985374317
disponent: Torgrim
Rørtveit
Contents
Industry Codes
Business Description
Financial Data
Key Corporate Relationships
Industry Codes
ANZSIC 2006 Codes:
1351 - Clothing Manufacturing
1312 - Natural Textile Manufacturing
2292 - Nut, Bolt, Screw and Rivet Manufacturing
1332 - Rope, Cordage and Twine Manufacturing
NACE 2002 Codes:
2874 - Manufacture of fasteners, screw machine products, chains
and springs
182 - Manufacture of other wearing apparel and accessories
1821 - Manufacture of workwear
1711 - Preparation and spinning of cotton-type fibres
1752 - Manufacture of cordage, rope, twine and netting
NAICS 2002 Codes:
314991 - Rope, Cordage, and Twine Mills
33272 - Turned Product and Screw, Nut, and Bolt Manufacturing
313111 - Yarn Spinning Mills
332722 - Bolt, Nut, Screw, Rivet, and Washer Manufacturing
315225 - Men's and Boys' Cut and Sew Work Clothing Manufacturing
31523 - Women's and Girls' Cut and Sew Apparel Manufacturing
US SIC 1987:
2326 - Men's and Boys' Work Clothing
23 - Apparel and Other Finished Products
Made From Fabrics and Similar Materials
2281 - Yarn Spinning Mills
3452 - Bolts, Nuts, Screws, Rivets, and Washers
2298 - Cordage and Twine
UK SIC 2003:
1752 - Manufacture of cordage, rope, twine and netting
1821 - Manufacture of workwear
1711 - Preparation and spinning of cotton-type fibres
182 - Manufacture of other wearing apparel and accessories
2874 - Manufacture of fasteners, screw machine products, chains
and springs
Business
Description
NOFI Tromso¸ AS is primarily engaged in manufacturing metal bolts, nuts,
screws, rivets, and washers, and other industrial fasteners using machines,
such as headers, threaders, and nut forming machines.
Source: Kompass
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Executive report
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Board of Directors |
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leder |
Director/Board Member |
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Executives |
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disponent |
Managing Director |
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industriplast |
Sales Executive |
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oppdrett/industri |
Sales Executive |
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trĂĄl |
Sales Executive |
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butikk/værneutstyr |
Sales Executive |
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oljelenser |
Sales Executive |
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oljelenser |
Product Management Executive |
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Purchasing Executive |
Purchasing Executive |
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Annual Profit & Loss
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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 |
14.6 |
11.2 |
12.6 |
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Net Financial Items |
-0.1 |
0.0 |
-0.1 |
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Operating Income |
1.9 |
0.6 |
0.7 |
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Income Before Tax |
1.8 |
0.6 |
0.6 |
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Net Income |
1.3 |
0.5 |
0.4 |
Annual Balance Sheet
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 |
8.1 |
6.5 |
5.6 |
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Total Liabilities |
5.7 |
4.5 |
3.9 |
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Total Equity |
2.4 |
1.9 |
1.7 |
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 |
13.02 |
5.65 |
5.65 |
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Current Ratio |
1.71 |
2.61 |
2.33 |
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Total debt/total equity |
29.99 |
30.00 |
30.00 |
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Return on average equity |
57.81 |
25.61 |
20.56 |
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 |
25.75% |
-1.35% |
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Net Financial Items Percent Change |
-16.72% |
65.67% |
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Operating Results Percent Change |
189.85% |
-1.37% |
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Profit/Loss Before Tax Percent Change |
203.38% |
15.53% |
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Profit/Loss for the Year Percent Change |
182.82% |
18.31% |
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Assets Percent Change |
25.31% |
-5.01% |
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Debts Percent Change |
25.32% |
-5.01% |
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Equity Capital Percent Change |
25.28% |
-5.01% |
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Operating Margin Percent Change |
130.44% |
- |
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Current Ratio Percent Change |
-34.48% |
12.02% |
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Debt/Equity Ratio Percent Change |
-0.03% |
- |
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Retun On Equity Percent Change |
125.73% |
24.56% |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.55.17 |
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UK Pound |
1 |
Rs.86.43 |
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Euro |
1 |
Rs.68.27 |
INFORMATION DETAILS
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Report Prepared
by : |
MNL |
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.