|
Report Date : |
19.07.2012 |
IDENTIFICATION DETAILS
|
Name : |
BRUNVOLL AS |
|
|
|
|
Formerly Known As : |
BRUNVOLL DRIFT AS |
|
|
|
|
Registered Office : |
Strandgata 4-6 Molde 6415 |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
2011 |
|
|
|
|
Date of Incorporation : |
06.09.2010 |
|
|
|
|
Com. Reg. No.: |
995884070 |
|
|
|
|
Legal Form : |
Limited company |
|
|
|
|
Line of Business : |
Manufacture of other fabricated metal products |
|
|
|
|
No. of Employees : |
271 |
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 |
|
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 – March 31st, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
|
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 |
BRUNVOLL AS |
Company Number |
995884070 |
|
Company name |
BRUNVOLL AS |
Company number |
995884070 |
|
Address |
Strandgata 4-6 |
|
|
|
City |
MOLDE 6415 |
Legal form |
Limited company |
|
Website address |
E-mail address |
- |
|
|
Telephone Number
|
00 47 71219600 |
Fax Number |
00 47 71219690 |
|
Registration
date |
06/09/2010 |
Status |
Active |
|
Previous Name |
BRUNVOLL DRIFT AS |
Share capital |
100,000,000 |
|
Name change date
|
06/09/2010 |
Currency |
- |
|
|
|
Number of
employees |
271 |
|
Name |
Address |
Function |
|
Margareta Dahls Gate 11 MOLDE 6413 |
General manager/CEO |
|
|
Solbråtanveien 74 C KOLBOTN 1410 |
Chairman of the board |
|
|
Frøyslandsmoen 4 MANDAL 4517 |
Board member(s) |
|
|
Raumavegen 1 MOLDE 6410 |
Board member(s) |
|
|
Siriusvegen 15 MOLDE 6419 |
Board member(s) |
|
|
Bekkevollvegen 6 MOLDE 6412 |
Board member(s) |
|
|
Nordstien 12 MOLDE 6411 |
Board member(s) |
|
|
Boråsvegen 51 MOLDE 6415 |
Board member(s) |
|
|
Birkelandvegen 24 MOLDE 6416 |
Deputy chairman |
|
|
BATNFJORDSØRA 6631 |
Deputy board member/substitute |
|
|
Wilh. Wilhelmsens Vei 112 HOSLE
1362 |
Deputy board member/substitute |
|
|
Skådalsveien 4 A OSLO 0781 |
Deputy board member/substitute |
|
|
Lergrovikvegen 9 MOLDE 6419 |
Deputy board member/substitute |
|
|
Birkelandvegen 12 MOLDE 6416 |
Deputy board member/substitute |
|
|
Hjellmyrnakken 9 MOLDE 6429 |
Deputy board member/substitute |
|
|
Langmyrvegen 50 MOLDE 6415 |
Deputy board member/substitute |
|
|
Fagerhøyveien 14 B STABEKK 1369 |
Deputy board member/substitute |
No negative information
found
|
Share capital |
100,000,000 |
|
Shareholder Name
|
Number of Shares
|
Percentage Share
|
|
BRUNVOLL HOLDING AS |
100,000 |
100.0 |
Na
|
Company Name |
Company Number |
|
Year to Date |
Sales Revenue |
Profit Before
Tax |
Total Equity |
|
2011 |
743,007,000 |
110,975,000 |
206,907,000 |
|
2010 |
713,299,000 |
150,469,000 |
167,166,000 |
|
Financial Year |
2011 |
|
2010 |
|
Currency |
NOK |
|
NOK |
|
Consolidated Accounts |
No |
|
No |
|
Sales Revenue |
743,007,000 |
4.2 % |
713,299,000 |
|
Other operating income |
22,000 |
-51.1 % |
45,000 |
|
Total Operating Income |
743,029,000 |
4.2 % |
713,344,000 |
|
Total Operating Expenses |
631,056,000 |
11.6 % |
565,630,000 |
|
Operating Profit |
111,973,000 |
-24.2 % |
147,715,000 |
|
Wages & Salaries |
170,856,000 |
11.2 % |
153,594,000 |
|
Depreciation |
12,197,000 |
0.5 % |
12,142,000 |
|
Financial Income |
11,055,000 |
-8.1 % |
12,025,000 |
|
Financial Expenses |
12,053,000 |
30.0 % |
9,271,000 |
|
Profit Before Tax |
110,975,000 |
-26.2 % |
150,469,000 |
|
Tax |
-31,235,000 |
34.0 % |
-47,303,000 |
|
Profit After Tax |
79,740,000 |
-22.7 % |
103,166,000 |
|
Extraordinary Result |
0 |
- |
0 |
|
Dividends |
40,000,000 |
- |
- |
|
Net Result after Dividends |
39,740,000 |
-61.5 % |
103,166,000 |
|
Financial Year |
2011 |
|
2010 |
|
Currency |
NOK |
|
NOK |
|
Consolidated Accounts |
No |
|
No |
|
Land & Buildings |
0 |
- |
0 |
|
Plant & Machinery |
56,372,000 |
50.2 % |
37,540,000 |
|
Other Tangible Assets |
24,639,000 |
-3.5 % |
25,522,000 |
|
Total Tangible Assets |
81,011,000 |
28.5 % |
63,062,000 |
|
Intangible Assets |
4,865,000 |
59.1 % |
3,058,000 |
|
Other Fixed Assets |
16,130,000 |
4.2 % |
15,484,000 |
|
TOTAL FIXED ASSETS |
102,006,000 |
25.0 % |
81,604,000 |
|
Inventories |
220,756,000 |
38.6 % |
159,250,000 |
|
Trade Receivables |
199,200,000 |
43.5 % |
138,795,000 |
|
Other Receivables |
21,042,000 |
621.1 % |
2,918,000 |
|
Cash & Bank Deposits |
98,899,000 |
-36.5 % |
155,853,000 |
|
Other Current Assets |
0 |
-100.0 % |
50,000 |
|
TOTAL CURRENT ASSETS |
539,897,000 |
18.2 % |
456,866,000 |
|
TOTAL ASSETS |
641,903,000 |
19.2 % |
538,469,000 |
|
Trade Creditors |
106,958,000 |
52.3 % |
70,236,000 |
|
Short Term Liabilities to Financial Institutions |
0 |
- |
0 |
|
Short Term Liabilities to Group |
1,324,000 |
-91.5 % |
15,568,000 |
|
Other Short Term Loans |
0 |
- |
0 |
|
Miscellaneous Current Liabilities |
254,792,000 |
20.8 % |
210,921,000 |
|
TOTAL CURRENT LIABILITIES |
363,074,000 |
22.4 % |
296,725,000 |
|
Long Term Liabilities to Financial Institutions |
0 |
- |
0 |
|
Other Long Term Loans |
0 |
- |
0 |
|
Long Term Pension Commitments |
1,192,000 |
-32.1 % |
1,755,000 |
|
Other Long Term Liabilities |
70,731,000 |
-2.9 % |
72,822,000 |
|
TOTAL LONG TERM LIABILITIES |
71,923,000 |
-3.6 % |
74,577,000 |
|
TOTAL LIABILITIES |
434,996,000 |
17.2 % |
371,303,000 |
|
Share Capital |
100,000,000 |
0.0 % |
100,000,000 |
|
Share Premium Reserve |
0 |
- |
0 |
|
Revaluation Fund |
0 |
- |
0 |
|
Total Retained Earnings |
106,907,000 |
59.2 % |
67,166,000 |
|
Other Reserves |
0 |
- |
0 |
|
TOTAL EQUITY |
206,907,000 |
23.8 % |
167,166,000 |
|
Financial Year |
2011 |
|
2010 |
|
Total Exports |
524,494,000 |
13.2 % |
463,398,000 |
|
Working Capital |
176,823,000 |
10.4 % |
160,141,000 |
|
Net Worth |
202,042,000 |
23.1 % |
164,108,000 |
|
Capital Employed |
278,830,000 |
15.3 % |
241,743,000 |
|
Financial Year |
2011 |
2010 |
|
Pre-Tax Profit Margin |
14.94 |
21.09 |
|
Return on Capital Employed |
39.80 |
62.24 |
|
Return on Total Assets Employed |
17.29 |
27.94 |
|
Return on Net Assets Employed |
53.64 |
90.01 |
|
Sales/Net Working Capital |
4.20 |
4.45 |
|
Stock Turnover Ratio |
29.71 |
22.33 |
|
Debtor Days |
97.86 |
71.02 |
|
Creditor Days |
52.54 |
35.94 |
|
Current Ratio |
1.49 |
1.54 |
|
Liquidity Ratio/Acid Test |
0.88 |
1.00 |
|
Current Debt Ratio |
1.75 |
1.78 |
|
Solvency Ratio |
32.23 |
31.04 |
|
Equity in Percentage |
33.32 |
32.15 |
|
Total Debt Ratio |
2.10 |
2.22 |
Na
|
Legal form |
Limited company |
|
E-mail address |
- |
|
Fax Number |
00 47 71219690 |
|
Status |
Active |
|
Share capital |
100,000,000 |
|
Currency |
- |
|
Number of
employees |
271 |
|
Main Industry
Code & Description |
Manufacture of other fabricated metal products n.e.c. |
|
Secondary
Industry Code & Description |
- |
|
Other Industry
Code & Description |
- |
|
Date |
Description |
|
19/06/2012 |
CHANGE OF BOARD OF DIRECTORS |
|
05/06/2012 |
Limit Change |
|
05/06/2012 |
Rating Change |
|
04/06/2012 |
Rating Change |
|
02/06/2012 |
APPROVED END OF YEAR REPORT AND ACCOUNTS |
|
04/02/2012 |
CHANGE OF AUDITOR |
|
07/12/2011 |
CHANGE OF GENERAL MANAGER |
|
23/11/2011 |
Limit Change |
|
23/11/2011 |
Rating Change |
Na
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.34 |
|
|
1 |
Rs.86.55 |
|
Euro |
1 |
Rs.67.95 |
INFORMATION DETAILS
|
Report Prepared
by : |
PRL |
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.