MIRA
INFORM REPORT
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Report Date : |
18.01.2012 |
IDENTIFICATION DETAILS
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Name : |
COLUMBI AS |
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Registered Office : |
Fabrikkvegen 1, 5265 Ytre
Arna |
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Country : |
Norway |
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Financials (as on) : |
2010 |
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Date of Incorporation : |
01.01.1997 |
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Com. Reg. No.: |
979483147 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Wholesale Trade, Except of Motor Vehicles and Motorcycles |
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No. of Employees : |
3 |
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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Maximum Credit Limit : |
145.700 NOK |
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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 – September 30, 2011
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Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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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 |
REGISTERED NAME & COMPANY
SUMMARY
Company Summary
Business Name COLUMBI AS
Country NORWAY
Company Registration Number 979483147
Main
Activity WHOLESALE
TRADE, EXCEPT OF MOTOR VEHICLES AND MOTORCYCLES
Activity Code 4600000
Company Status Active
Latest Turnover Figure 5.810.000 NOK
Latest Shareholder Equity Figure 2.321.000
NOK
Company Information
Basic Information
Business Name COLUMBI AS
Registered Company Name COLUMBI AS
Company Registration Number 979483147
Country NORWAY
Date of Company Registration 02/01 /1998
Date of Starting Operations 01 /01 /1997
Legal Form Limited
liability company
Company Status Active
Currency of this Report NOK
Principal
Activity Description WHOLESALE
TRADE, EXCEPT OF MOTOR VEHICLES AND MOTORCYCLES
Contact Address FABRIKKVEGEN 1, 5265 YTRE ARNA
Contact Telephone Number
CREDIT RECOMENDATION
Current Credit Limit: 145.700
NOK
DIRECTORS/MANAGEMENT
Directors/Managers
Current
Directors
Name Date of Birth Position
IVERSEN MAGNE ROGNE 19/12/1949 Deputy
IVERSEN MAGNE ROGNE 19/12/1949 Owner
SØRENSEN TOM 1 6/03/1956 Owner
IVERSEN MAGNE ROGNE 19/12/1949 Managing Director
SØRENSEN TOM 16/03/1956 Chairman of the board of directors
NEGATIVE INFORMATION
Negative
Information
Payment
Remarks
Date 27/04/2011
Type INVENTORY GIVEN AS SECURITY
Source BRØNNØYSUNDREGISTRENE
Status UNSETTLED
Case Number
Amount 5000000
Settlement Date
Name of Creditor SPAREBANK 1 SR-BANK
Type of Payment Remark VOLUNTARY
Date 27/04/2011
Type SECURITY IN OPERATING EQUIPMENT
Source BRØNNØYSUNDREGISTRENE
Status UNSETTLED
Case Number
Amount 5000000
Settlement Date
Name of Creditor SPAREBANK 1 SR-BANK
Type of Payment Remark VOLUNTARY
Date 27/04/2011
Type SECURITY
IN DEBTS
Source BRØNNØYSUNDREGISTRENE
Status UNSETTLED
Case Number
Amount 5000000
Settlement Date
Name of Creditor SPAREBANK 1 SR-BANK
SHARE & SHARE CAPITAL
INFORMATION
Share Capital Structure
Issued Share Capital 723.600 NOK
Shareholders
Name Share Percent
No Shareholders for this company.
PAYMENT INFORMATION
Na
GROUP STRUCTURE & AFFILIATED
COMPANIES
Group
Structure
No group structure for this company.
FINANCIAL INFORMATION
Financial
Information
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Profit and
Loss |
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Financial Year |
2010 |
2009 |
2008 |
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Number of Weeks |
52 |
52 |
52 |
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Currency |
NOK |
NOK |
NOK |
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Revenue |
5.810.000 |
7.492.000 |
7.651.000 |
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Operating Costs |
-5.991.000 |
-6.920.000 |
-7.371.000 |
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Operating Profit |
-181.000 |
573.000 |
280.000 |
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Wages 8t Salaries |
-1.384.000 |
-1.659.000 |
-1.982.000 |
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Depreciation |
-76.000 |
-59.000 |
-38.000 |
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Financial Income |
18.000 |
56.000 |
39.000 |
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Financial Expenses |
-75.000 |
-114.000 |
-177.000 |
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Profit before Tax |
-239.000 |
515.000 |
142.000 |
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Tax |
- |
-156.000 |
-46.000 |
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Profit after Tax |
-239.000 |
515.000 |
142.000 |
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Other
Appropriations |
- |
- |
- |
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Retained Profit |
-239.000 |
359.000 |
96.000 |
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Balance Sheet |
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Financial Year |
2010 |
2009 |
2008 |
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Number of Weeks |
52 |
52 |
52 |
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Currency |
NOK |
NOK |
NOK |
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Land 8t
Buildings |
0 |
0 |
0 |
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Plant 8t
Machinery |
0 |
0 |
0 |
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Other Tangible Assets |
169.000 |
75.000 |
115.000 |
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Total Tangible Assets |
169.000 |
75.000 |
115.000 |
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Goodwi ll |
0 |
0 |
0 |
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Other Intangible Assets |
0 |
0 |
0 |
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Total Intangible Assets |
0 |
0 |
0 |
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Investments |
0 |
0 |
0 |
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Loans To Group |
0 |
0 |
0 |
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Other Loans |
0 |
0 |
0 |
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Miscellaneous
Fixed Assets |
0 |
0 |
0 |
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Total Other Fixed Assets |
0 |
0 |
0 |
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TOTAL FIXED ASSETS |
169.000 |
75.000 |
115.000 |
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Total Inventories |
2.135.000 |
2.197.000 |
2.439.000 |
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Trade
Receivables |
328.000 |
554.000 |
518.000 |
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Group
Receivables |
0 |
0 |
0 |
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Miscellaneous
Receivables |
165.000 |
192.000 |
197.000 |
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Total Receivables |
493.000 |
746.000 |
716.000 |
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Cash |
615.000 |
1.432.000 |
1.588.000 |
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Other Current Assets |
0 |
0 |
0 |
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TOTAL CURRENT ASSETS |
3.244.000 |
4.375.000 |
4.743.000 |
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TOTAL ASSETS |
3.413.000 |
4.450.000 |
4.858.000 |
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Trade Payables |
79.000 |
210.000 |
475.000 |
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Bank Liabilities |
0 |
0 |
0 |
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Other Loans Or Finance |
0 |
0 |
0 |
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Group Payables |
0 |
0 |
0 |
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Miscellaneous Liabilities |
608.000 |
980.000 |
1.182.000 |
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TOTAL CURRENT LIABILITIES |
687.000 |
1.190.000 |
1.657.000 |
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Bank Liabilities Due After 1 Year |
405.000 |
700.000 |
1.000.000 |
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Other Loans Or Finance Due After 1
Year |
0 |
0 |
0 |
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Group Payables Due After 1 Year |
0 |
0 |
0 |
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Miscellaneous Liabilities Due After
1 Year |
0 |
0 |
0 |
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TOTAL LONG
TERM LIABILITIES |
405.000 |
700.000 |
1.000.000 |
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TOTAL LIABILITIES |
1.092.000 |
1.890.000 |
2.657.000 |
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Called Up Share Capital |
724.000 |
724.000 |
724.000 |
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Share Premium |
0 |
0 |
0 |
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Revenue Reserves TOTAL
SHAREHOLDERS EQUITY |
1.598.000 |
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1.836.000 |
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1.477.000 |
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Other
Financials |
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Working Capital |
2.557.000 |
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3.185.000 |
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3.086.000 |
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Net Worth |
2.321.000 |
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2.560.000 |
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2.200.000 |
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Ratios |
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Pre-Tax Profit
Margin |
-4.11 |
% |
6.87 |
% |
1.86 % |
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Return On
Capital Employed |
-7.00 |
% |
11.57 |
% |
2.92 % |
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Return On Total
Assets Employed |
-7.00 |
% |
11.57 |
% |
2.92 % |
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Return On
Net Assets Employed |
-10.30 |
% |
20.12 |
% |
6.45 % |
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Sales/Net
Working Capital |
2.27 |
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2.35 |
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2.48 |
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Stock Turnover Ratio |
310.77 |
% |
184.62 |
% |
147.19 % |
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Debtor Days |
20.61 |
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26.99 |
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24.71 |
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Creditor
Days |
4.96 |
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10.23 |
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22.66 |
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Current Ratio |
4.70 |
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3.70 |
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2.90 |
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Liquidity
Ratio/Acid Test |
1.61 |
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1.83 |
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1.39 |
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Current Debt
Ratio |
0.30 |
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0.46 |
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0.75 |
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Gearing |
17.45 |
% |
27.34 |
% |
45.45 % |
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Equity In
Percentage |
68.00 |
% |
57.53 |
% |
45.29 % |
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Total Debt
Ratio |
0.50 |
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0.70 |
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1.20 |
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FOREIGN EXCHANGE RATES
Na
ADDITIONAL INFORMATION
Contact
Information
Main Address
Address Country Telephone
FABRIKKVEGEN 1, 5265 YTRE ARNA NORWAY
Other Address
Address Country
PB 101 YTRE ARNA, 5889 BERGEN NORWAY
Email
Addresses
No information for this
company.
Web Pages
No information for this
company.
Other Information
Employee
Information
Year Number of Employees
2012 3
2011 3
2010 3
Ban kers
No banker information for
this company.
Advisors
Auditor Name REVISORGRUPPEN HORDALAND DA
Additional Information
Other Information
Company Purpose OMSETNING AV GAVER OG INTERIØRARTIKLER. INVESTERINGER I
BESLEKTET VIRKSOMHET.
Comment
Other Financial
Information
Managing Director Salary 461000
Overd raft
Auditors
Report
Date of Fi nancials 31 / 12 /2010
Auditors Comment NORMAL REPORT
Auditors Comment 2
Auditors Comment 3
Auditors Comment 4
NOTES & COMMENTS
Na
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.51.06 |
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|
1 |
Rs.78.48 |
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Euro |
1 |
Rs.64.99 |
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 |
|
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.