MIRA INFORM REPORT

 

 

Report No. :

301882

Report Date :

06.01.2015

 

IDENTIFICATION DETAILS

 

Name :

PER AARSKOG AS

 

 

Registered Office :

Trollåsveien 4 Trollåsen 1414

 

 

Country :

Norway

 

 

Financials (as on) :

2013

 

 

Date of Incorporation :

19.02.1995

 

 

Com. Reg. No.:

918468919

 

 

Legal Form :

Limited company

 

 

Line of Business :

Non-specialised wholesale trade

[We tried to confirm / obtain the detailed activity but the same is not available from any sources]

 

 

No. of Employees :

115

 

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 – September 30, 2014

 

Country Name

Previous Rating

(30.06.2014)

Current Rating

(30.09.2014)

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 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 $830 billion in January 2014 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 2010-13. Nevertheless, the government budget remains in surplus

 

Source : CIA

 

Company name and address

 

Company name

PER AARSKOG AS

Company number

918468919

Address

Trollåsveien 4

 

 

City

TROLLÅSEN 1414

Legal form

Limited company

Website address

www.nille.no

E-mail address

-

Telephone Number

00 47 64923000

Fax Number

00 47 64927836

Registration date

19/02/1995

Status

Active

Previous Name

-

Share capital

2500000

Name change date

-

Currency

-

301218

 

Number of employees

115

Postal Address

Postboks 530 301218 KOLBOTN

 

 

Postal Code

1411

 

 

 

 

DIRECTORS/MANAGEMENT

 

Current Directors

Name

Address

Function

Øglænd, Joachim

51 Shawfield Street SW3 4BA London

Chairman of the board

Jacobsen, Andreas Sundfør

Undelstadveien 31 A ASKER 1387

General manager/CEO

Jacobsen, Andreas Sundfør

Undelstadveien 31 A ASKER 1387

Board member(s)

Wisløff, Kjetil

Tormods Vei 7 B OSLO 1184

Board member(s)

Opsahl, Børre

Bekkelagsterrassen 29 A OSLO 1177

Board member(s)

Kengelbach, Jan

46 Bradbourne Street SW6 3TE London

Board member(s)

Zuschke, Frank Stefan

Elbchaussee 251 22605 Hamburg

Board member(s)

 

 

Other Company Officials

No data exist

 

 

NEGATIVE INFORMATION

 

No negative information given.

 

 

 

SHARE & SHARE CAPITAL INFORMATION

 

Shareholders

Shareholder Name

Number of Shares

Percentage Share

NIPA HOLDING AS

200

100

 

 

PAYMENT INFORMATION

 

Na

 

 

GROUP STRUCTURE & AFFILIATED COMPANIES

 

Ultimate Holding Company

Company Name

Company Number

 

HERKULES PRIVATE EQUITY II (GP-1)

-

 

 

 

FINANCIAL INFORMATION

 

Key Financials

Year to Date

Sales Revenue

Profit Before Tax

Total Equity

2013

1029978000

131445000

218526000

2012

1013221000

185624000

217410000

2011

838972000

113644000

197706000

2010

833099000

171982000

196278000

2009

718083000

111908000

104581000

 

 

 

 

 

 

 

 

 

 

 

FOREIGN EXCHANGE RATES

 

Na

 

 

 

ADDITIONAL INFORMATION

 

Industry

Main Industry Code & Description

Non-specialised wholesale trade

Secondary Industry Code & Description

-

Other Industry Code & Description

-

 

Event History

Date

Description

22/07/2014

APPROVED END OF YEAR REPORT AND ACCOUNTS

05/05/2014

CHANGE OF BOARD OF DIRECTORS

05/05/2014

CHANGE OF GENERAL MANAGER

05/05/2014

CHANGE OF SIGNATURE

05/05/2014

CHANGE OF DATE IN ARTICLES OF ASSOCIATON

08/08/2013

CHANGE OF DATE IN ARTICLES OF ASSOCIATON

15/07/2013

APPROVED END OF YEAR REPORT AND ACCOUNTS

11/10/2012

CHANGE OF BOARD OF DIRECTORS

11/10/2012

CHANGE OF SIGNATURE

18/07/2012

CHANGE OF BUSINESS ADDRESS

18/07/2012

CHANGE OF DATE IN ARTICLES OF ASSOCIATON

12/07/2012

APPROVED END OF YEAR REPORT AND ACCOUNTS

 

 

NOTES & COMMENTS

 

Na

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.63.39

UK Pound

1

Rs.96.85

Euro

1

Rs.75.67

 

INFORMATION DETAILS

 

Analysis Done by :

KAR

 

 

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%)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.