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Report No. : |
340784 |
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Report Date : |
16.09.2015 |
IDENTIFICATION DETAILS
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Name : |
BRØDRENE LONDON AS |
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|
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Formerly Known As : |
NYE BRØDRENE LONDON AS |
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|
|
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Registered Office : |
Oksenøyveien 80 Lysaker 1366 |
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|
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Country : |
Norway |
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Date of Incorporation : |
04.11.2014 |
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Com. Reg. No.: |
914256623 |
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Legal Form : |
Limited Company |
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Line of Business : |
Other letting of real estate |
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No. of Employees : |
99 |
RATING & COMMENTS
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MIRA’s Rating : |
NB |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
- |
NB |
New Business |
- |
|
Status : |
New Business |
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Payment Behaviour : |
Unknown |
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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 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
Norway
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
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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 $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 |
BRØDRENE LONDON AS |
Company number |
914256623 |
|
Address |
Oksenøyveien 80 |
Legal form |
Limited company |
|
City |
LYSAKER 1366 |
E-mail address |
- |
|
Website address |
Fax Number |
- |
|
|
Telephone Number |
- |
Status |
Active |
|
Registration date |
04/11/2014 |
Share capital |
30,000 |
|
Previous Name |
NYE BRØDRENE LONDON AS |
Currency |
- |
|
Name change date |
04/11/2014 |
Number of employees |
99 |
No
data exist
No
data exist
|
Year
to Date |
Sales
Revenue |
Profit
Before Tax |
Total
Equity |
|
Main
Industry Code & Description |
Other
letting of real estate |
|
Secondary
Industry Code & Description |
-
|
|
Other
Industry Code & Description |
-
|
No
data exist
|
Name |
Address |
Function |
|
Bernhard Herres Vei 7 OSLO 0376 |
General manager/CEO |
|
|
Bernhard Herres Vei 7 OSLO 0376 |
Chairman of the board |
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|
Bernhard Herres Vei 7 OSLO 0376 |
Deputy board member/substitute |
No
data exist
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Date
|
Description
|
|
14/03/2015
|
CHANGE
OF DATE IN ARTICLES OF ASSOCIATON |
|
14/03/2015
|
CHANGE
IN BUSINESS NAME |
|
12/01/2015
|
CHANGE
OF DATE IN ARTICLES OF ASSOCIATON |
|
12/01/2015
|
CHANGE
OF BUSINESS ADDRESS |
|
05/12/2014
|
Merger
decision |
|
04/11/2014
|
NEW
REGISTRATION |
No
data exist
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.44 |
|
UK Pound |
1 |
Rs.102.41 |
|
Euro |
1 |
Rs.75.05 |
INFORMATION DETAILS
|
Analysis Done by
: |
KIN |
|
|
|
|
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.