|
Report Date : |
07.11.2013 |
IDENTIFICATION DETAILS
|
Name : |
BERG LIPIDTECH AS |
|
|
|
|
Registered Office : |
Sjukenesstranda 62 EIDSNES 6037 |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
2012 |
|
|
|
|
Date of Incorporation : |
12.03.1995 |
|
|
|
|
Com. Reg. No.: |
967184314 |
|
|
|
|
Legal Form : |
Limited company |
|
|
|
|
Line of Business : |
Manufacture of crude fish oils and fats |
|
|
|
|
No. of Employees : |
29 |
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 : |
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 – March 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
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.
Source
: CIA
|
Company Name |
BERG LIPIDTECH AS |
Company Number |
967184314 |
|
Company name |
BERG LIPIDTECH AS |
Company number |
967184314 |
|
Address |
Sjukenesstranda 62 |
Safe number |
- |
|
City |
EIDSNES 6037 |
Legal form |
Limited company |
|
Website address |
E-mail address |
post@blt.no |
|
|
Telephone Number |
00 47 70199200 |
Fax Number |
00 47 70199201 |
|
Registration date |
12/03/1995 |
Status |
Active |
|
Previous Name |
- |
Share capital |
840,000 |
|
Name change date |
- |
Currency |
- |
|
|
|
Number of employees |
29 |
Postal Address
|
Address |
City |
Postal Code |
|
Postboks 9063 Vegsund |
Ă…LESUND |
6023 |
Current Directors
|
Name |
Address |
Function |
|
Nygata 3
Ă…LESUND 6002 |
General manager/CEO |
|
|
Nygata 3
Ă…LESUND 6002 |
Chairman of the board |
|
|
RabbevĂ¥gen 11
Ă…LESUND 6020 |
Board member(s) |
|
|
Jordmorvegen 38
Ă…LESUND 6020 |
Board member(s) |
Other Company
Officials
|
Name |
Address |
Function |
|
Langelandsvegen 17 Ă…LESUND 6010 |
Accountant |
No negative information found.
Shareholders
|
Shareholder Name |
Number of Shares |
Percentage Share |
|
STĂ…LE MAGNE BERG |
2,800 |
33.3 |
|
ANNE KARIN
KOLBERG BERG |
2,632 |
31.3 |
|
KJELL IVAR BERG
|
2,548 |
30.3 |
|
JOHN OLAV TĂ˜RLEN |
84 |
1.0 |
|
MADS ARMAND SPERRE |
84 |
1.0 |
|
SVEIN OVE RYE |
84 |
1.0 |
|
MARTE GRIMSTAD |
84 |
1.0 |
|
HĂ…KON EILERT
BERG |
84 |
1.0 |
N/a
N/a
Key Financials
|
Year to Date |
Sales Revenue |
Profit Before Tax |
Total Equity |
|
2012 |
119,993,000 |
5,824,000 |
59,143,000 |
|
2011 |
119,832,000 |
8,964,000 |
54,991,000 |
|
2010 |
117,586,000 |
8,435,000 |
48,534,000 |
|
2009 |
90,437,000 |
5,401,000 |
44,350,000 |
|
2008 |
111,801,000 |
6,470,000 |
40,499,000 |
|
Financial Year |
2012 |
|
2011 |
|
2010 |
|
2009 |
|
2008 |
|
Currency |
NOK |
|
NOK |
|
NOK |
|
NOK |
|
NOK |
|
Consolidated Accounts |
No |
|
No |
|
No |
|
No |
|
No |
|
Complete Accounts |
Yes |
|
Yes |
|
Yes |
|
Yes |
|
Yes |
|
Sales Revenue |
119,993,000 |
0.1 % |
119,832,000 |
1.9 % |
117,586,000 |
30.0 % |
90,437,000 |
-19.1 % |
111,801,000 |
|
Other operating income |
200,000 |
-10.7 % |
224,000 |
10.3 % |
203,000 |
-1.0 % |
205,000 |
31.4 % |
156,000 |
|
Total Operating Income |
120,193,000 |
0.1 % |
120,056,000 |
1.9 % |
117,789,000 |
29.9 % |
90,642,000 |
-19.0 % |
111,957,000 |
|
Total Operating Expenses |
104,224,000 |
-6.2 % |
111,079,000 |
4.8 % |
105,992,000 |
21.2 % |
87,471,000 |
-18.4 % |
107,172,000 |
|
Operating Profit |
15,969,000 |
77.9 % |
8,977,000 |
-23.9 % |
11,796,000 |
272.0 % |
3,171,000 |
-33.7 % |
4,785,000 |
|
Wages & Salaries |
19,847,000 |
3.6 % |
19,157,000 |
9.6 % |
17,482,000 |
7.1 % |
16,321,000 |
5.5 % |
15,474,000 |
|
Depreciation |
6,663,000 |
5.9 % |
6,292,000 |
25.8 % |
5,000,000 |
15.2 % |
4,340,000 |
11.3 % |
3,901,000 |
|
Financial Income |
13,415,000 |
-8.1 % |
14,590,000 |
121.8 % |
6,579,000 |
1.5 % |
6,479,000 |
-2.3 % |
6,634,000 |
|
Financial Expenses |
23,560,000 |
61.3 % |
14,603,000 |
46.9 % |
9,941,000 |
134.0 % |
4,249,000 |
-14.1 % |
4,949,000 |
|
Profit Before Tax |
5,824,000 |
-35.0 % |
8,964,000 |
6.3 % |
8,435,000 |
56.2 % |
5,401,000 |
-16.5 % |
6,470,000 |
|
Tax |
-1,671,000 |
33.3 % |
-2,507,000 |
-11.4 % |
-2,251,000 |
-45.2 % |
-1,550,000 |
17.3 % |
-1,875,000 |
|
Profit After Tax |
4,153,000 |
-35.7 % |
6,457,000 |
4.4 % |
6,184,000 |
60.6 % |
3,851,000 |
-16.2 % |
4,595,000 |
|
Extraordinary Result |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Dividends |
- |
- |
0 |
-100.0 % |
2,000,000 |
- |
- |
- |
2,000,000 |
|
Net Result after Dividends |
4,153,000 |
-35.7 % |
6,457,000 |
54.3 % |
4,184,000 |
8.6 % |
3,851,000 |
48.4 % |
2,595,000 |
|
Financial Year |
2012 |
|
2011 |
|
2010 |
|
2009 |
|
2008 |
|
Currency |
NOK |
|
NOK |
|
NOK |
|
NOK |
|
NOK |
|
Consolidated Accounts |
No |
|
No |
|
No |
|
No |
|
No |
|
Complete Accounts |
Yes |
|
Yes |
|
Yes |
|
Yes |
|
Yes |
|
Land & Buildings |
52,702,000 |
-5.8 % |
55,944,000 |
-1.8 % |
56,952,000 |
8.7 % |
52,379,000 |
1.8 % |
51,464,000 |
|
Plant & Machinery |
5,630,000 |
-19.9 % |
7,027,000 |
3.4 % |
6,799,000 |
109.5 % |
3,246,000 |
25.3 % |
2,590,000 |
|
Other Tangible Assets |
760,000 |
-15.3 % |
897,000 |
-9.4 % |
990,000 |
-16.5 % |
1,185,000 |
8.2 % |
1,095,000 |
|
Total Tangible Assets |
59,092,000 |
-7.5 % |
63,868,000 |
-1.3 % |
64,741,000 |
14.0 % |
56,810,000 |
3.0 % |
55,149,000 |
|
Intangible Assets |
30,000 |
0.0 % |
30,000 |
- |
0 |
-100.0 % |
237,000 |
-90.4 % |
2,475,000 |
|
Other Fixed Assets |
2,538,000 |
15.0 % |
2,206,000 |
7.5 % |
2,052,000 |
29.1 % |
1,590,000 |
-2.0 % |
1,623,000 |
|
TOTAL FIXED ASSETS |
61,660,000 |
-6.7 % |
66,104,000 |
-1.0 % |
66,793,000 |
13.9 % |
58,637,000 |
-1.0 % |
59,247,000 |
|
Inventories |
47,714,000 |
52.8 % |
31,221,000 |
24.8 % |
25,018,000 |
49.3 % |
16,756,000 |
-33.2 % |
25,094,000 |
|
Trade Receivables |
373,000 |
-95.6 % |
8,445,000 |
3.8 % |
8,135,000 |
-15.4 % |
9,620,000 |
35.5 % |
7,100,000 |
|
Other Receivables |
3,074,000 |
52.3 % |
2,018,000 |
-46.7 % |
3,784,000 |
-40.4 % |
6,353,000 |
217.0 % |
2,004,000 |
|
Cash & Bank Deposits |
2,431,000 |
-58.3 % |
5,833,000 |
167.9 % |
2,177,000 |
-79.5 % |
10,625,000 |
166.9 % |
3,981,000 |
|
Other Current Assets |
0 |
100.0 % |
-1,000 |
-200.0 % |
1,000 |
- |
0 |
- |
0 |
|
TOTAL CURRENT ASSETS |
53,592,000 |
12.8 % |
47,516,000 |
21.5 % |
39,115,000 |
-9.8 % |
43,354,000 |
13.6 % |
38,179,000 |
|
TOTAL ASSETS |
115,253,000 |
1.4 % |
113,620,000 |
7.3 % |
105,908,000 |
3.8 % |
101,990,000 |
4.7 % |
97,426,000 |
|
Trade Creditors |
4,799,000 |
177.9 % |
1,727,000 |
-55.6 % |
3,888,000 |
-64.7 % |
11,007,000 |
13.1 % |
9,735,000 |
|
Short Term Liabilities to Financial Institutions |
4,052,000 |
-69.1 % |
13,100,000 |
137.2 % |
5,522,000 |
33.4 % |
4,139,000 |
291.2 % |
1,058,000 |
|
Short Term Liabilities to Group |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Other Short Term Loans |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Miscellaneous Current Liabilities |
8,499,000 |
-29.2 % |
12,004,000 |
-8.0 % |
13,047,000 |
18.1 % |
11,052,000 |
-23.9 % |
14,529,000 |
|
TOTAL CURRENT LIABILITIES |
17,350,000 |
-35.3 % |
26,831,000 |
19.5 % |
22,457,000 |
-14.3 % |
26,198,000 |
3.5 % |
25,322,000 |
|
Long Term Liabilities to Financial Institutions |
36,691,000 |
17.1 % |
31,344,000 |
-9.2 % |
34,530,000 |
9.8 % |
31,442,000 |
-0.5 % |
31,604,000 |
|
Other Long Term Loans |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Long Term Pension Commitments |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Other Long Term Liabilities |
2,068,000 |
354.5 % |
455,000 |
17.6 % |
387,000 |
- |
0 |
- |
0 |
|
TOTAL LONG TERM LIABILITIES |
38,759,000 |
21.9 % |
31,799,000 |
-8.9 % |
34,917,000 |
11.1 % |
31,442,000 |
-0.5 % |
31,604,000 |
|
TOTAL LIABILITIES |
56,109,000 |
-4.3 % |
58,629,000 |
2.2 % |
57,374,000 |
-0.5 % |
57,640,000 |
1.3 % |
56,926,000 |
|
Share Capital |
840,000 |
0.0 % |
840,000 |
0.0 % |
840,000 |
0.0 % |
840,000 |
0.0 % |
840,000 |
|
Share Premium Reserve |
21,660,000 |
0.0 % |
21,660,000 |
0.0 % |
21,660,000 |
0.0 % |
21,660,000 |
0.0 % |
21,660,000 |
|
Revaluation Fund |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Total Retained Earnings |
36,643,000 |
12.8 % |
32,491,000 |
24.8 % |
26,034,000 |
19.1 % |
21,850,000 |
21.4 % |
17,999,000 |
|
Other Reserves |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
TOTAL EQUITY |
59,143,000 |
7.6 % |
54,991,000 |
13.3 % |
48,534,000 |
9.4 % |
44,350,000 |
9.5 % |
40,499,000 |
|
Financial Year |
2012 |
|
2011 |
|
2010 |
|
2009 |
|
2008 |
|
Total Exports |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Working Capital |
36,242,000 |
75.2 % |
20,685,000 |
24.2 % |
16,658,000 |
-2.9 % |
17,156,000 |
33.4 % |
12,857,000 |
|
Net Worth |
59,113,000 |
7.6 % |
54,961,000 |
13.2 % |
48,534,000 |
10.0 % |
44,113,000 |
16.0 % |
38,024,000 |
|
Capital Employed |
97,902,000 |
12.8 % |
86,790,000 |
4.0 % |
83,451,000 |
10.1 % |
75,792,000 |
5.1 % |
72,103,000 |
|
Financial Year |
2012 |
2011 |
2010 |
2009 |
2008 |
|
Pre-Tax Profit Margin |
4.85 |
7.48 |
7.17 |
5.97 |
5.79 |
|
Return on Capital Employed |
5.95 |
10.33 |
10.11 |
7.13 |
8.97 |
|
Return on Total Assets Employed |
5.05 |
7.89 |
7.96 |
5.30 |
6.64 |
|
Return on Net Assets Employed |
9.85 |
16.30 |
17.38 |
12.18 |
15.98 |
|
Sales/Net Working Capital |
3.31 |
5.79 |
7.06 |
5.27 |
8.70 |
|
Stock Turnover Ratio |
39.76 |
26.05 |
21.28 |
18.53 |
22.45 |
|
Debtor Days |
1.13 |
25.72 |
25.25 |
38.83 |
23.18 |
|
Creditor Days |
14.60 |
5.26 |
12.07 |
44.42 |
31.78 |
|
Current Ratio |
3.09 |
1.77 |
1.74 |
1.65 |
1.51 |
|
Liquidity Ratio/Acid Test |
0.34 |
0.61 |
0.63 |
1.02 |
0.52 |
|
Current Debt Ratio |
0.29 |
0.49 |
0.46 |
0.59 |
0.63 |
|
Solvency Ratio |
51.32 |
48.40 |
45.83 |
43.48 |
41.57 |
|
Equity in Percentage |
52.49 |
49.37 |
46.73 |
44.28 |
43.39 |
|
Total Debt Ratio |
0.95 |
1.07 |
1.18 |
1.30 |
1.41 |
N/a
Industry
|
Main Industry Code & Description |
Manufacture of crude fish oils and fats |
|
Secondary Industry Code & Description |
- |
|
Other Industry Code & Description |
- |
Event History
|
Date |
Description |
|
12/09/2013 |
Limit Change |
|
12/09/2013 |
Rating Change |
|
11/09/2013 |
Limit Change |
|
11/09/2013 |
Rating Change |
|
09/09/2013 |
APPROVED END OF YEAR REPORT AND ACCOUNTS |
|
24/09/2012 |
CHANGE OF BOARD OF DIRECTORS |
|
10/09/2012 |
Limit Change |
|
10/09/2012 |
Rating Change |
|
06/09/2012 |
APPROVED END OF YEAR REPORT AND ACCOUNTS |
|
23/11/2011 |
Limit Change |
|
23/11/2011 |
Rating Change |
|
10/09/2011 |
APPROVED END OF YEAR REPORT AND ACCOUNTS |
Rating History
No data exist.
N/a
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.92 |
|
|
1 |
Rs.99.60 |
|
Euro |
1 |
Rs.83.64 |
INFORMATION DETAILS
|
Report
Prepared by : |
NIS |
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.