|
Report Date : |
15.02.2012 |
IDENTIFICATION DETAILS
|
Name : |
CUBUS AS |
|
|
|
|
Registered Office : |
Bergerveien 5 Billingstad 1377 |
|
|
|
|
Country : |
Norway |
|
|
|
|
Financials (as on) : |
2010 |
|
|
|
|
Date of Incorporation : |
19.02.1995 |
|
|
|
|
Com. Reg. No.: |
939522719 |
|
|
|
|
Legal Form : |
Limited company |
|
|
|
|
Line of Business : |
Retail sale of clothing in specialised stores |
|
|
|
|
No. of Employees : |
1,428 |
RATING & COMMENTS
|
MIRAs Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
17,000,000 NOK |
|
Status : |
Good |
|
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 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
Norway |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
|
Company Name |
CUBUS AS |
Company Number |
939522719 |
|
Company name |
CUBUS AS |
Company number |
939522719 |
|
Address |
Bergerveien 5 |
Safe number |
- |
|
City |
BILLINGSTAD 1377 |
Legal form |
Limited company |
|
Website address |
E-mail address |
- |
|
|
Telephone Number
|
00 47 66773200 |
Fax Number |
00 47 66773319 |
|
Registration
date |
19/02/1995 |
Status |
Active |
|
Previous Name |
- |
Share capital |
80,000,000 |
|
Name change date
|
- |
Currency |
- |
|
|
|
Number of
employees |
1,428 |
Address
|
City |
Postal Code |
|
Postboks 254 |
BILLINGSTAD |
1377 |
Current Credit Limit: 17,000,000
|
Name |
Address |
Function |
|
Odden 13 A NESΓYA 1397 |
General manager/CEO |
|
|
Odden 11 NESΓYA 1397 |
Chairman of the board |
|
|
Odden 15 NESΓYA 1397 |
Board member(s) |
|
|
Stuttvegen 2 OSLO 1166 |
Board member(s) |
|
|
MΓ₯rvegen 23 HUNNDALEN 2827 |
Board member(s) |
|
|
Otto Sverdrups Vei 5 FJELLHAMAR 1472 |
Board member(s) |
|
|
Unnebergveien 66 SANDEFJORD 3239 |
Board member(s) |
|
|
Holenveien 33 KURLAND 1479 |
Board member(s) |
|
|
Aarstens Vei 10 LARVIK 3260 |
Deputy board member/substitute |
|
|
Litjmyrvegen 10 KLΓBU 7540 |
Deputy board member/substitute |
|
|
Gamle Rovenvei 214 FETSUND 1900 |
Deputy board member/substitute |
|
|
Holtveien 15 A OSLO 1177 |
Deputy board member/substitute |
|
|
Vikveien 15 A MJΓNDALEN 3050 |
Deputy board member/substitute |
Na
|
Shareholder Name
|
Number of Shares
|
Percentage Share
|
|
VARNER RETAIL AS |
800,000 |
100.0 |
Na
|
Safe Number |
Company Name |
|
Company Number |
View linked
companies outside this companyβs group structure |
|
|
7 companies in 4 countries. Click here to visit
linked companies |
|
Year to Date |
Sales Revenue |
Profit Before
Tax |
Total Equity |
|
2010 |
2,279,013,000 |
425,793,000 |
493,705,000 |
|
2009 |
2,128,801,000 |
383,672,000 |
357,237,000 |
|
2008 |
1,930,344,000 |
245,833,000 |
366,774,000 |
|
2007 |
1,993,081,000 |
373,388,000 |
379,453,000 |
|
2006 |
1,883,034,000 |
291,373,000 |
388,544,000 |
|
Financial Year |
2010 |
|
2009 |
|
2008 |
|
2007 |
|
2006 |
|
Currency |
NOK |
|
NOK |
|
NOK |
|
NOK |
|
NOK |
|
Consolidated Accounts |
No |
|
No |
|
No |
|
No |
|
No |
|
Sales Revenue |
2,279,013,000 |
7.1 % |
2,128,801,000 |
10.3 % |
1,930,344,000 |
-3.1 % |
1,993,081,000 |
5.8 % |
1,883,034,000 |
|
Other operating income |
69,569,000 |
0.3 % |
69,387,000 |
3.7 % |
66,929,000 |
-0.4 % |
67,207,000 |
9.2 % |
61,572,000 |
|
Total Operating Income |
2,348,582,000 |
6.8 % |
2,198,188,000 |
10.1 % |
1,997,273,000 |
-3.1 % |
2,060,288,000 |
5.9 % |
1,944,606,000 |
|
Total Operating Expenses |
1,931,948,000 |
6.3 % |
1,818,035,000 |
5.8 % |
1,718,090,000 |
1.8 % |
1,687,113,000 |
2.5 % |
1,646,215,000 |
|
Operating Profit |
416,634,000 |
9.6 % |
380,153,000 |
36.2 % |
279,183,000 |
-25.2 % |
373,175,000 |
25.1 % |
298,391,000 |
|
Wages & Salaries |
377,968,000 |
7.9 % |
350,200,000 |
4.8 % |
334,244,000 |
-0.4 % |
335,668,000 |
8.8 % |
308,618,000 |
|
Depreciation |
27,679,000 |
30.1 % |
21,279,000 |
17.0 % |
18,189,000 |
16.6 % |
15,598,000 |
-10.5 % |
17,431,000 |
|
Financial Income |
15,852,000 |
-16.4 % |
18,959,000 |
35.5 % |
13,993,000 |
-27.3 % |
19,250,000 |
58.0 % |
12,182,000 |
|
Financial Expenses |
6,693,000 |
-56.7 % |
15,440,000 |
-67.4 % |
47,343,000 |
148.7 % |
19,037,000 |
-0.8 % |
19,200,000 |
|
Profit Before Tax |
425,793,000 |
11.0 % |
383,672,000 |
56.1 % |
245,833,000 |
-34.2 % |
373,388,000 |
28.1 % |
291,373,000 |
|
Tax |
-120,959,000 |
-8.7 % |
-111,329,000 |
-50.1 % |
-74,192,000 |
32.1 % |
-109,239,000 |
-26.9 % |
-86,054,000 |
|
Profit After Tax |
304,834,000 |
11.9 % |
272,343,000 |
58.7 % |
171,641,000 |
-35.0 % |
264,149,000 |
28.7 % |
205,319,000 |
|
Extraordinary Result |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Dividends |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Net Result after Dividends |
304,834,000 |
11.9 % |
272,343,000 |
58.7 % |
171,641,000 |
-35.0 % |
264,149,000 |
28.7 % |
205,319,000 |
|
Financial Year |
2010 |
|
2009 |
|
2008 |
|
2007 |
|
2006 |
|
Currency |
NOK |
|
NOK |
|
NOK |
|
NOK |
|
NOK |
|
Consolidated Accounts |
No |
|
No |
|
No |
|
No |
|
No |
|
Land & Buildings |
<span id |
|
|
|
|
|
|
|
|
Na
|
Main Industry
Code & Description |
Retail sale of clothing in specialised stores |
|
Secondary
Industry Code & Description |
Wholesale of clothing |
|
Other Industry
Code & Description |
- |
No data exist
Na
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.33 |
|
|
1 |
Rs.77.41 |
|
Euro |
1 |
Rs.64.84 |
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 SCs 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.