MIRA INFORM REPORT
|
Report Date : |
18.01.2012 |
IDENTIFICATION DETAILS
|
Name : |
NOTHUSET AS |
|
|
|
|
Registered Office : |
Havnegata
11, 8800 Sandnessjøen |
|
|
|
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Country : |
Norway |
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|
|
|
Financials (as on) : |
2010 |
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|
|
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Date of Incorporation : |
01.01.1971 |
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Com. Reg. No.: |
918279148 |
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Legal Form : |
Limited Liability Company |
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|
|
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Line of Business : |
Manufacture of textiles |
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|
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|
No. of Employees
: |
16 |
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 |
|
Maximum Credit Limit : |
1.088.400 NOK |
|
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 – September 30th, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
Norway |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
|
Off-credit |
D |
REGISTERED NAME & COMPANY
SUMMARY
Company Summary
Business
Name NOTHUSET AS
Country NORWAY
Company
Registration Number 918279148
Main Activity MANUFACTURE OF TEXTILES
Activity Code 1300000
Company Status Active
Latest
Turnover Figure 36.245.000
NOK
Latest Shareholder Equity
Figure 8.953.000 NOK
Company Information
Basic Information
Business
Name NOTHUSET AS
Registered Company Name NOTHUSET AS
Company
Registration Number 918279148
Country NORWAY
Date
of Company Registration 09/05/1989
Date of Starting Operations 01 /01 /1971
Legal
Form Limited liability company
Company Status Active
Currency of this Report NOK
Principal Activity Description MANUFACTURE OF TEXTILES
Contact
Address HAVNEGATA 11, 8800 SANDNESSJØEN
Contact Telephone Number ---
CREDIT RECOMENDATION
Current Credit Limit: 1.088.400 NOK
DIRECTORS/MANAGEMENT
Directors/Managers
Current Directors
Name Date of Birth Position
EDVARDSEN PER EDVARD 10/02/1960 Member of the board
SKIPNES
KNUT MAGNE 06/05/1954 Member of the board
EDVARDSEN PER EDVARD 10/02/1960 Owner
JUNGE
EVA NINNI 04/03/1955 Owner
MENTZONI HILDUR N HANSEN 02/06/1963 Owner
SKIPNES
KNUT MAGNE 06/05/1954 Owner
SKIPNES KNUT MAGNE 06/05/1954 Managing Director
MENTZONI
HILDUR N HANSEN 02/06/1963 Chairman of the board of directors
NEGATIVE INFORMATION
Negative
Information
Date 20/01/2011
Type INVENTORY GIVEN AS SECURITY
Source BRØNNØYSUNDREGISTRENE
Status UNSETTLED
Case Number
Amount 1500000
Settlement Date
Name
of Creditor SANTANDER CONSUMER BANK AS
Type of Payment Remark VOLUNTARY
Date 28/02/2008
Type INVENTORY GIVEN AS SECURITY
Source BRØNNØYSUNDREGISTRENE
Status UNSETTLED
Case Number
Amount 3000000
Settlement Date
Name
of Creditor GE COMMERCIAL DISTRIBUTION
FINANCE S
Type of Payment Remark VOLUNTARY
Date 22/11/2007
Type INVENTORY GIVEN AS SECURITY
Source BRØNNØYSUNDREGISTRENE
Status UNSETTLED
Case Number
Amount 3000000
Settlement Date
Name
of Creditor NORDLANDSBANKEN ASA
Type of Payment Remark VOLUNTARY
Date 12/06/2006
Type SECURITY IN DEBTS
Source BRØNNØYSUNDREGISTRENE
Status UNSETTLED
Case Number
Amount 7400000
Settlement Date
Name
of Creditor NORDLANDSBANKEN ASA
Type of Payment Remark VOLUNTARY
Date 12/06/2006
Type INVENTORY GIVEN AS SECURITY
Source BRØNNØYSUNDREGISTRENE
Status UNSETTLED
Case Number
Amount 7400000
Settlement Date
Name
of Creditor NORDLANDSBANKEN ASA
Type of Payment Remark VOLUNTARY
Date 12/06/2006
Type SECURITY IN OPERATING EQUIPMENT
Source BRØNNØYSUNDREGISTRENE
Status UNSETTLED
Case Number
Amount 7400000
Settlement Date
Name of Creditor NORDLANDSBANKEN ASA
SHARE & SHARE CAPITAL
INFORMATION
Share Capital Structure
Issued Share Capital 1.176.000 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
|
Profit and Loss |
|
|
|
|
Financial
Year |
2010 |
2009 |
2008 |
|
Number
of Weeks |
52 |
52 |
52 |
|
Currency |
NOK |
NOK |
NOK |
|
Revenue |
36.245.000 |
34.887.000 |
40.686.000 |
|
Operating Costs |
-34.142.000 |
-31.418.000 |
-37.002.000 |
|
Operating Profit |
2.104.000 |
3.469.000 |
3.683.000 |
|
Wages & Salaries |
-5.755.000 |
-5.353.000 |
-5.008.000 |
|
Depreciation |
-829.000 |
-789.000 |
-749.000 |
|
Financial Income |
35.000 |
34.000 |
192.000 |
|
Financial Expenses |
-436.000 |
-537.000 |
-903.000 |
|
Profit before Tax |
1.703.000 |
2.965.000 |
2.973.000 |
|
Tax |
-566.000 |
-890.000 |
-918.000 |
|
Profit after Tax |
1.703.000 |
2.965.000 |
2.973.000 |
|
Other Appropriations |
- |
- |
- |
|
Retained Profit |
1.137.000 |
2.075.000 |
2.055.000 |
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|
|
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Balance Sheet |
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Financial Year |
2010 |
2009 |
2008 |
|
Number of Weeks |
52 |
52 |
52 |
|
Currency |
NOK |
NOK |
NOK |
|
Land & Buildings |
5.114.000 |
5.378.000 |
5.881.000 |
|
Plant & Machinery |
326.000 |
515.000 |
704.000 |
|
Other Tangible Assets |
227.000 |
304.000 |
349.000 |
|
Total Tangible Assets |
5.667.000 |
6.198.000 |
6.934.000 |
|
Goodwi ll |
0 |
0 |
0 |
|
Other Intangible Assets |
0 |
0 |
0 |
|
Total Intangible Assets |
0 |
0 |
0 |
|
Investments |
0 |
0 |
0 |
|
Loans To Group |
0 |
0 |
0 |
|
Other Loans |
0 |
0 |
0 |
|
Miscellaneous Fixed
Assets |
0 |
0 |
0 |
|
Total Other Fixed Assets |
0 |
0 |
0 |
|
TOTAL FIXED ASSETS |
5.667.000 |
6.198.000 |
6.934.000 |
|
Total Inventories |
12.773.000 |
12.166.000 |
13.367.000 |
|
Trade Receivables |
4.530.000 |
2.734.000 |
3.907.000 |
|
Group Receivables |
0 |
0 |
0 |
|
Miscellaneous
Receivables |
175.000 |
209.000 |
142.000 |
|
Total Receivables |
4.705.000 |
2.943.000 |
4.049.000 |
|
Cash |
1.074.000 |
2.055.000 |
281.000 |
|
Other Current Assets |
0 |
0 |
0 |
|
TOTAL CURRENT ASSETS |
18.552.000 |
17.164.000 |
17.697.000 |
|
TOTAL ASSETS |
24.219.000 |
23.362.000 |
24.631.000 |
|
Trade Payables |
3.150.000 |
1.483.000 |
3.781.000 |
|
Bank Liabilities |
0 |
0 |
424.000 |
|
Other Loans Or Finance |
0 |
0 |
0 |
|
Group Payables |
0 |
0 |
0 |
|
Miscellaneous Liabilities |
3.773.000 |
4.310.000 |
3.525.000 |
|
TOTAL CURRENT LIABILITIES |
6.923.000 |
5.793.000 |
7.729.000 |
|
Bank Liabilities Due After 1 Year |
8.200.000 |
9.080.000 |
9.960.000 |
|
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 |
143.000 |
143.000 |
143.000 |
|
TOTAL LONG TERM
LIABILITIES |
8.343.000 |
9.223.000 |
10.103.000 |
|
TOTAL LIABILITIES |
15.266.000 |
15.016.000 |
17.832.000 |
|
Called Up Share Capital |
1.176.000 |
1.176.000 |
1.176.000 |
|
Share Premium |
106.000 |
106.000 |
106.000 |
|
Revenue
Reserves TOTAL SHAREHOLDERS
EQUITY |
7.671.000 |
|
7.063.000 |
|
5.517.000 |
|
Other Financials |
|
|
|
|
|
|
Working Capital |
11.629.000 |
|
11.371.000 |
|
9.968.000 |
|
Net Worth |
8.953.000 |
|
8.345.000 |
|
6.799.000 |
|
|
|
|
|
|
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Ratios |
|
|
|
|
|
|
Pre-Tax Profit Margin |
4.70 |
% |
8.50 |
% |
7.31 % |
|
Return On Capital Employed |
7.03 |
% |
12.69 |
% |
12.07 % |
|
Return On Total Assets
Employed |
7.03 |
% |
12.69 |
% |
12.07 % |
|
Return On Net Assets Employed |
19.02 |
% |
35.53 |
% |
43.73 % |
|
Sales/Net Working
Capital |
3.12 |
|
3.07 |
|
4.08 |
|
Stock Turnover Ratio |
184.50 |
% |
210.01 |
% |
172.95 % |
|
Debtor Days |
45.62 |
|
28.60 |
|
35.05 |
|
Creditor Days |
31.72 |
|
15.52 |
|
33.92 |
|
Current Ratio |
2.70 |
|
3.00 |
|
2.30 |
|
Liquidity Ratio/Acid Test |
0.83 |
|
0.86 |
|
0.56 |
|
Current Debt Ratio |
0.77 |
|
0.69 |
|
1.14 |
|
Gearing |
93.19 |
% |
110.52 |
% |
42400148.60 % |
|
Equity In Percentage |
36.97 |
% |
35.72 |
% |
27.60 % |
|
Total Debt Ratio |
1.70 |
|
1.80 |
|
2.60 |
FOREIGN EXCHANGE RATES
Na
ADDITIONAL INFORMATION
Activities
Activity Code Activity Description
1300000 MANUFACTURE OF
TEXTILES
1390000 Manufacture of other textiles
1393000 Manufacture of carpets and rugs
1394000 Manufacture of cordage, rope, twine and netting
2800000 MANUFACTURE
OF MACHINERY AND EQUIPMENT N.E.C.
2820000 Manufacture of other general-purpose machinery
2829000 Manufacture of other general-purpose machinery n.e.c.
4500000 WHOLESALE AND RETAIL TRADE AND
REPAIR OF MOTOR VEHICLES AND
4530000 Sale of motor
vehicle parts and accessories
4532000 Retail
trade of motor vehicle parts and accessories
4600000 WHOLESALE TRADE, EXCEPT OF MOTOR VEHICLES AND MOTORCYCLES
4690000 Non-specialised
wholesale trade
4700000 RETAIL TRADE, EXCEPT OF MOTOR VEHICLES AND
MOTORCYCLES
4760000 Retail
sale of cultural and recreation goods in specialised
4764000 Retail sale of sporting equipment in specialised
stores
4764200 Retail
sale of pleasure boats and equipment in specialised s
Contact Information
Main Address
Address Country Telephone
HAVNEGATA 11, 8800
SANDNESSJØEN NORWAY
Other Address
Address Country
PB 216, 8801 SANDNESSJØEN NORWAY
Email Addresses
No
information for this company.
Web Pages
No
information for this company.
Other Information
Employee
Information
Year Number of Employees
2012 16
2011 16
2010 15
Bankers
No
banker information for this company.
Advisors
Auditor Name KPMG AS
Additional
Information
Other Information
|
|
DRIVE OMSETNING, REPRASJON OG MONTERING AV
FISKE- REDSKAPER OG DET SOM STÅR I FORBINDELSE HERMED. |
Comment
Other Financial Information
Managing Director Salary 638000
Overdraft
Auditors Report
Date
of Fi nancials 31 / 12 /2010
Auditors Comment NORMAL REPORT
Auditors Comment 2
Auditors Comment 3
Auditors Comment 4
Bankruptcy Prediction
Score 3.23
Explanation Green zone
NOTES & COMMENTS
Na
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.51.06 |
|
UK Pound |
1 |
Rs.78.48 |
|
Euro |
1 |
Rs.64.99 |
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.