|
Report No. : |
336666 |
|
Report Date : |
17.08.2015 |
IDENTIFICATION DETAILS
|
Name : |
HAVSERVICE ÅLESUND AS |
|
|
|
|
Formerly Known As : |
RAS EIENDOM AS |
|
|
|
|
Registered Office : |
Kvalsteinvegen
90 Ellingsøy 6057 |
|
|
|
|
Country : |
Norway |
|
|
|
|
Financials (as on) : |
2013 |
|
|
|
|
Date of Incorporation : |
31.01.2011 |
|
|
|
|
Com. Reg. No.: |
896493612 |
|
|
|
|
Legal Form : |
Limited Company |
|
|
|
|
Line of Business : |
Wholesale of shipping equipment and fishing tackle. |
|
|
|
|
No. of Employees : |
7 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
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.
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 30% 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 largest sovereign wealth fund, valued at over $870 billion in December 2014 and annually uses up to 4% of the fund, it’s projected long term 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 2010-14. Nevertheless, the government budget remains in surplus. Lower oil prices in 2015 may cause the economy to contract as higher costs production costs in the North Sea deter investment.
|
Source
: CIA |
|
Company
name |
HAVSERVICE
ÅLESUND AS |
Company
number |
896493612
|
|
Address
|
Kvalsteinvegen
90 |
Legal
form |
Limited
company |
|
City
|
ELLINGSØY
6057 |
E-mail
address |
post@havsund.no
|
|
Website
address |
Fax
Number |
00
47 70129841 |
|
|
Telephone
Number |
00
47 70129840 |
Status
|
Active
|
|
Registration
date |
31/01/2011
|
Share
capital |
1,400,000
|
|
Previous
Name |
RAS
EIENDOM AS |
Currency
|
-
|
|
Name
change date |
31/01/2011
|
Number
of employees |
7
|
No
data exist
|
Year
to Date |
Sales
Revenue |
Profit
Before Tax |
Total
Equity |
|
2013
|
10,761,000
|
902,000
|
1,538,000
|
|
2012
|
9,989,000
|
-553,000
|
899,000
|
|
2011
|
0
|
-142,000
|
503,000
|
|
Main
Industry Code & Description
|
Wholesale
of shipping equipment and fishing tackle |
|
Secondary
Industry Code & Description |
-
|
|
Other
Industry Code & Description |
-
|
|
Shareholder
Name |
Number
of Shares |
Percentage
Share |
|
ARILD
MATHISEN |
700
|
50.0
|
|
ROY
GUSTAV HUNSKÅR |
700
|
50.0
|
|
Name
|
Address
|
Function
|
|
Nedre
Hoffland 1 B ELLINGSØY 6057 |
General
manager/CEO |
|
|
Nedre
Hoffland 1 B ELLINGSØY 6057 |
Board
member(s) |
|
|
Nedre
Hoffland 1 B ELLINGSØY 6057 |
Deputy
board member/substitute |
|
|
Grytafjordvegen
1007 VATNE 6265 |
Board
member(s) |
|
|
BRATTVÅG
6270 |
Chairman
of the board |
|
Name
|
Address
|
Function
|
|
Temasenteret
SKODJE 6260 |
Accountant
|
|
|
Skjelt-Ole
Bakken 9 BRATTVÅG 6270 |
Accountant
|
|
Financial
Year |
2013 |
2012 |
2011 |
||
|
Currency
|
NOK |
NOK |
NOK |
||
|
Consolidated
Accounts |
No |
No |
No |
||
|
Complete
Accounts |
Yes |
Yes |
Yes |
||
|
Sales
Revenue |
10,761,000 |
7.7 % |
9,989,000 |
- |
0 |
|
Other
operating income |
56,000 |
5.7 % |
53,000 |
-75.3 % |
215,000 |
|
Total
Operating Income |
10,817,000 |
7.7 % |
10,042,000 |
4,570.7 % |
215,000 |
|
Total
Operating Expenses |
9,644,000 |
-6.8 % |
10,344,000 |
3,818.2 % |
264,000 |
|
Operating
Profit |
1,173,000 |
488.4 % |
-302,000 |
-516.3 % |
-49,000 |
|
Wages
& Salaries |
1,167,000 |
-26.5 % |
1,587,000 |
22,571.4 % |
7,000 |
|
Depreciation
|
192,000 |
4.3 % |
184,000 |
14.3 % |
161,000 |
|
Financial
Income |
24,000 |
84.6 % |
13,000 |
225.0 % |
4,000 |
|
Financial
Expenses |
296,000 |
12.1 % |
264,000 |
175.0 % |
96,000 |
|
Profit
Before Tax |
902,000 |
263.1 % |
-553,000 |
-289.4 % |
-142,000 |
|
Tax
|
-263,000 |
-275.3 % |
150,000 |
248.8 % |
43,000 |
|
Profit
After Tax |
639,000 |
258.6 % |
-403,000 |
-307.1 % |
-99,000 |
|
Extraordinary
Result |
0 |
- |
0 |
- |
0 |
|
Dividends
|
- |
- |
- |
- |
- |
|
Net
Result after Dividends |
639,000 |
258.6 % |
-403,000 |
-307.1 % |
-99,000 |
|
2013 |
2012 |
2011 |
|||
|
Currency
|
NOK |
NOK |
NOK |
||
|
Consolidated
Accounts |
No |
No |
No |
||
|
Complete
Accounts |
Yes |
Yes |
Yes |
||
|
Land
& Buildings |
2,548,000 |
-6.0 % |
2,711,000 |
-4.7 % |
2,845,000 |
|
Plant
& Machinery |
90,000 |
-23.7 % |
118,000 |
210.5 % |
38,000 |
|
Other
Tangible Assets |
0 |
-100.0 % |
1,000 |
- |
0 |
|
Total
Tangible Assets |
2,638,000 |
-6.8 % |
2,830,000 |
-1.8 % |
2,883,000 |
|
Intangible
Assets |
100,000 |
-48.2 % |
193,000 |
348.8 % |
43,000 |
|
Other
Fixed Assets |
87,000 |
8,800.0 % |
-1,000 |
0.0 % |
-1,000 |
|
TOTAL
FIXED ASSETS |
2,825,000 |
-6.5 % |
3,022,000 |
3.3 % |
2,925,000 |
|
Inventories
|
3,768,000 |
10.8 % |
3,400,000 |
- |
0 |
|
Trade
Receivables |
1,762,000 |
181.0 % |
627,000 |
864.6 % |
65,000 |
|
Other
Receivables |
22,000 |
-78.0 % |
100,000 |
9,900.0 % |
1,000 |
|
Cash
& Bank Deposits |
67,000 |
0.0 % |
67,000 |
24.1 % |
54,000 |
|
Other
Current Assets |
0 |
- |
0 |
- |
0 |
|
TOTAL
CURRENT ASSETS |
5,619,000 |
34.0 % |
4,194,000 |
3,395.0 % |
120,000 |
|
TOTAL
ASSETS |
8,444,000 |
17.0 % |
7,216,000 |
137.0 % |
3,045,000 |
|
Trade
Creditors |
1,020,000 |
14.1 % |
894,000 |
3,338.5 % |
26,000 |
|
Short
Term Liabilities to Financial Institutions |
2,459,000 |
-11.9 % |
2,792,000 |
- |
0 |
|
Short
Term Liabilities to Group |
0 |
- |
0 |
- |
0 |
|
Other
Short Term Loans |
0 |
- |
0 |
- |
0 |
|
Miscellaneous
Current Liabilities |
1,260,000 |
324.2 % |
297,000 |
1,647.1 % |
17,000 |
|
TOTAL
CURRENT LIABILITIES |
4,739,000 |
19.0 % |
3,983,000 |
9,162.8 % |
43,000 |
|
Long
Term Liabilities to Financial Institutions |
2,167,000 |
-7.1 % |
2,333,000 |
-6.7 % |
2,500,000 |
|
Other
Long Term Loans |
0 |
- |
0 |
- |
0 |
|
Long
Term Pension Commitments |
0 |
- |
0 |
- |
0 |
|
Other
Long Term Liabilities |
0 |
- |
0 |
- |
0 |
|
TOTAL
LONG TERM LIABILITIES |
2,167,000 |
-7.1 % |
2,333,000 |
-6.7 % |
2,500,000 |
|
TOTAL
LIABILITIES |
6,906,000 |
9.3 % |
6,317,000 |
148.4 % |
2,543,000 |
|
Share
Capital |
1,400,000 |
0.0 % |
1,400,000 |
133.3 % |
600,000 |
|
Share
Premium Reserve |
2,000 |
0.0 % |
2,000 |
0.0 % |
2,000 |
|
Revaluation
Fund |
0 |
- |
0 |
- |
0 |
|
Total
Retained Earnings |
137,000 |
127.3 % |
-502,000 |
-407.1 % |
-99,000 |
|
Other
Reserves |
-1,000 |
0.0 % |
-1,000 |
- |
0 |
|
TOTAL
EQUITY |
1,538,000 |
71.1 % |
899,000 |
78.7 % |
503,000 |
|
2013 |
2012 |
2011 |
|||
|
Total
Exports |
- |
- |
- |
- |
- |
|
Working
Capital |
880,000 |
317.1 % |
211,000 |
174.0 % |
77,000 |
|
Net
Worth |
1,438,000 |
103.7 % |
706,000 |
53.5 % |
460,000 |
|
Capital
Employed |
3,705,000 |
14.6 % |
3,232,000 |
7.6 % |
3,003,000 |
|
2013 |
2012 |
2011 |
|
|
Pre-Tax
Profit Margin |
8.38 |
-5.54 |
- |
|
Return
on Capital Employed |
24.35 |
-17.11 |
-4.73 |
|
Return
on Total Assets Employed |
10.68 |
-7.66 |
-4.66 |
|
Return
on Net Assets Employed |
58.65 |
-61.51 |
-28.23 |
|
Sales/Net
Working Capital |
12.23 |
47.34 |
0.00 |
|
Stock
Turnover Ratio |
35.02 |
34.04 |
- |
|
Debtor
Days |
59.76 |
22.91 |
- |
|
Creditor
Days |
34.60 |
32.67 |
- |
|
Current
Ratio |
1.19 |
1.05 |
2.79 |
|
Liquidity
Ratio/Acid Test |
0.39 |
0.20 |
2.79 |
|
Current
Debt Ratio |
3.08 |
4.43 |
0.09 |
|
Solvency
Ratio |
18.21 |
12.46 |
16.52 |
|
Equity
in Percentage |
18.63 |
12.80 |
16.75 |
|
Total
Debt Ratio |
4.49 |
7.03 |
5.06 |
|
Date
|
Description
|
|
06/09/2014
|
APPROVED
END OF YEAR REPORT AND ACCOUNTS |
|
04/12/2013
|
CHANGE
OF AUDITOR |
|
04/12/2013
|
CHANGE
OF BOARD OF DIRECTORS |
|
26/11/2013
|
Notification
of compulsory liquidation (due to lack of a registered board, general manager
or auditor) |
|
12/09/2013
|
APPROVED
END OF YEAR REPORT AND ACCOUNTS |
|
11/12/2012
|
CHANGE
OF BOARD OF DIRECTORS |
|
11/12/2012
|
CHANGE
OF GENERAL MANAGER |
|
30/08/2012
|
APPROVED
END OF YEAR REPORT AND ACCOUNTS |
|
03/05/2012
|
CHANGE
OF CAPITAL |
|
03/05/2012
|
CHANGE
OF DATE IN ARTICLES OF ASSOCIATON |
|
15/12/2011
|
CHANGE
IN BUSINESS NAME |
|
15/12/2011
|
CHANGE
OF DATE IN ARTICLES OF ASSOCIATON |
|
15/12/2011
|
CHANGE
OF MISSION/BUSINESS/INDUSTRY |
|
26/10/2011
|
CHANGE
OF AUDITOR |
|
26/10/2011
|
Auditing
of end of year report and accounts |
|
26/10/2011
|
CHANGE
OF BOARD OF DIRECTORS |
No
data exist
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.65.12 |
|
UK Pound |
1 |
Rs.101.62 |
|
Euro |
1 |
Rs.72.56 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared by
: |
VNT |
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.