|
Report Date : |
17.05.2013 |
IDENTIFICATION DETAILS
|
Name : |
INTRANET DISTRIBUSJON |
|
|
|
|
Registered Office : |
Laguneveien 7, Ră…Dal 5239 |
|
|
|
|
Country : |
Norway |
|
|
|
|
Financials (as on) : |
2009 |
|
|
|
|
Date of Incorporation : |
15.04.2009 |
|
|
|
|
Com. Reg. No.: |
993912344 |
|
|
|
|
Legal Form : |
Norwegian division of foreign business |
|
|
|
|
Line of Business : |
Data processing |
|
|
|
|
No. of Employees : |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Moderate |
|
Payment Behaviour : |
Unknown |
|
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,
2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
Norway |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
NORWAY - ECONOMIC OVERVIEW
The Norwegian economy is a prosperous mixed economy, with a vibrant private sector, a large state sector, and an extensive social safety net. The government controls key areas, such as the vital petroleum sector, through extensive regulation and large-scale state-majority-owned enterprises. The country is richly endowed with natural resources - petroleum, hydropower, fish, forests, and minerals - and is highly dependent on the petroleum sector, which accounts for the largest portion of export revenue and about 20% of government revenue. Norway is the world's third-largest natural gas exporter; and seventh largest oil exporter, making one of its largest offshore oil finds in 2011. Norway opted to stay out of the EU during a referendum in November 1994; nonetheless, as a member of the European Economic Area, it contributes sizably to the EU budget. In anticipation of eventual declines in oil and gas production, Norway saves state revenue from the petroleum sector in the world's second largest sovereign wealth fund, valued at over $700 billion in January 2013 and uses the fund's return to help finance public expenses. After solid GDP growth in 2004-07, the economy slowed in 2008, and contracted in 2009, before returning to positive growth in 2010-12, however, the government budget is set to remain in surplus.
|
Source : CIA |
|
Company Name |
INTRANET DISTRIBUSJON |
Company Number |
993912344 |
|
Company name |
INTRANET DISTRIBUSJON |
Company number |
993912344 |
|
Address |
Laguneveien 7 |
|
|
|
City |
RĂ…DAL 5239 |
Legal form |
Norwegian division of foreign business |
|
Website address |
E-mail address |
- |
|
|
Telephone Number |
- |
Fax Number |
- |
|
Registration date |
15/04/2009 |
Status |
Active |
|
Previous Name |
- |
Share capital |
- |
|
Name change date |
- |
Currency |
- |
|
|
|
Number of employees |
0 |
Postal
Address
No data exist
Current Directors
|
Name |
Address |
Function |
|
Ă˜vre KrohnĂ¥sen 4 RĂ…DAL 5239 |
General manager/CEO |
|
|
Ă˜vre KrohnĂ¥sen 4 RĂ…DAL 5239 |
Chairman of the board |
|
|
Ă˜vre KrohnĂ¥sen 4 RĂ…DAL 5239 |
Deputy board member/substitute |
Other
Company Officials
|
Name |
Address |
Function |
|
Conrad Mohrsvei 1 BERGEN 5068 |
Accountant |
Na
Shareholders
No data exist
Na
Na
Key Financials
|
Year to Date |
Sales Revenue |
Profit Before Tax |
Total Equity |
|
2009 |
3,490,000 |
64,000 |
46,000 |
|
Financial Year |
2009 |
|
Currency |
NOK |
|
Consolidated Accounts |
No |
|
Sales Revenue |
3,490,000 |
|
Other operating income |
0 |
|
Total Operating Income |
3,490,000 |
|
Total Operating Expenses |
3,424,000 |
|
Operating Profit |
66,000 |
|
Wages & Salaries |
179,000 |
|
Depreciation |
0 |
|
Financial Income |
9,000 |
|
Financial Expenses |
11,000 |
|
Profit Before Tax |
64,000 |
|
Tax |
-18,000 |
|
Profit After Tax |
46,000 |
|
Extraordinary Result |
0 |
|
Dividends |
- |
|
Net Result after Dividends |
46,000 |
|
Financial Year |
2009 |
|
Currency |
NOK |
|
Consolidated Accounts |
No |
|
Land & Buildings |
0 |
|
Plant & Machinery |
0 |
|
Other Tangible Assets |
0 |
|
Total Tangible Assets |
0 |
|
Intangible Assets |
0 |
|
Other Fixed Assets |
3,000 |
|
TOTAL FIXED ASSETS |
3,000 |
|
Inventories |
26,000 |
|
Trade Receivables |
1,068,000 |
|
Other Receivables |
317,000 |
|
Cash & Bank Deposits |
163,000 |
|
Other Current Assets |
0 |
|
TOTAL CURRENT ASSETS |
1,574,000 |
|
TOTAL ASSETS |
1,577,000 |
|
Trade Creditors |
1,128,000 |
|
Short Term Liabilities to Financial Institutions |
0 |
|
Short Term Liabilities to Group |
0 |
|
Other Short Term Loans |
0 |
|
Miscellaneous Current Liabilities |
403,000 |
|
TOTAL CURRENT LIABILITIES |
1,531,000 |
|
Long Term Liabilities to Financial Institutions |
0 |
|
Other Long Term Loans |
0 |
|
Long Term Pension Commitments |
0 |
|
Other Long Term Liabilities |
0 |
|
TOTAL LONG TERM LIABILITIES |
0 |
|
TOTAL LIABILITIES |
1,531,000 |
|
Share Capital |
0 |
|
Share Premium Reserve |
0 |
|
Revaluation Fund |
0 |
|
Total Retained Earnings |
46,000 |
|
Other Reserves |
0 |
|
TOTAL EQUITY |
46,000 |
|
Financial Year |
2009 |
|
Total Exports |
- |
|
Working Capital |
43,000 |
|
Net Worth |
46,000 |
|
Capital Employed |
46,000 |
|
Financial Year |
2009 |
|
Pre-Tax Profit Margin |
1.83 |
|
Return on Capital Employed |
139.13 |
|
Return on Total Assets Employed |
4.06 |
|
Return on Net Assets Employed |
139.13 |
|
Sales/Net Working Capital |
81.16 |
|
Stock Turnover Ratio |
0.74 |
|
Debtor Days |
111.70 |
|
Creditor Days |
117.97 |
|
Current Ratio |
1.03 |
|
Liquidity Ratio/Acid Test |
1.01 |
|
Current Debt Ratio |
33.28 |
|
Solvency Ratio |
2.92 |
|
Equity in Percentage |
2.92 |
|
Total Debt Ratio |
33.28 |
Na
Industry
|
Main Industry Code & Description |
Data processing |
|
Secondary Industry Code & Description |
- |
|
Other Industry Code & Description |
- |
|
Date |
Description |
|
07/09/2012 |
Rating Change |
|
05/09/2012 |
APPROVED END OF YEAR REPORT AND ACCOUNTS |
|
23/11/2011 |
Limit Change |
|
23/11/2011 |
Rating Change |
|
08/10/2011 |
APPROVED END OF YEAR REPORT AND ACCOUNTS |
Na
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian
Rupees |
|
US Dollar |
1 |
Rs.54.88 |
|
UK Pound |
1 |
Rs.83.65 |
|
Euro |
1 |
Rs.70.57 |
INFORMATION DETAILS
|
Report
Prepared by : |
NLM |
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.