|
|
|
MIRA INFORM REPORT
|
Report No. : |
503037 |
|
Report Date : |
10.04.2018 |
IDENTIFICATION DETAILS
|
Name : |
LAADER BERG AS |
|
|
|
|
Registered Office : |
Postboks 9514 Flisnes, 6047 Ålesund |
|
|
|
|
Country : |
Norway |
|
|
|
|
Financials (as on) : |
2016 |
|
|
|
|
Date of Incorporation : |
12.03.1995 |
|
|
|
|
Com. Reg. No.: |
950945524 |
|
|
|
|
Legal Form : |
Limited Company |
|
|
|
|
Line of Business : |
Manufacture of Plastics and Rubber
Machinery |
|
|
|
|
No. of Employees : |
52 |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A |
|
Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with moderate
risk of default |
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
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
|
Country Name |
Previous
Rating (30.09.2017) |
Current Rating (31.12.2017) |
|
Norway |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
NORWAY - ECONOMIC OVERVIEW
Norway has a stable economy with a vibrant private sector, a large state
sector, and an extensive social safety net. Norway opted out of the EU during a
referendum in November 1994. However, as a member of the European Economic
Area, Norway partially participates in the EU’s single market and contributes
sizably to the EU budget.
The country is richly endowed with natural resources such as oil and
gas, fish, forests, and minerals. Norway is a leading producer and the world’s
second largest exporter of seafood, after China. The government manages the
country’s petroleum resources through extensive regulation. The petroleum
sector provides about 9% of jobs, 12% of GDP, 13% of the state’s revenue, and
37% of exports, according to official national estimates. Norway is one of the
world's leading petroleum exporters, although oil production is close to 50%
below its peak in 2000. Gas production, conversely, has more than doubled since
2000. Although oil production is historically low, it rose in 2016 for the
third consecutive year due to the higher production of existing oil fields and
to new fields coming on stream. Norway’s domestic electricity production relies
almost entirely on hydropower.
In anticipation of eventual declines in oil and gas production, Norway
saves state revenue from petroleum sector activities in the world's largest
sovereign wealth fund, valued at over $1 trillion at the end of 2017. To help
balance the federal budget each year, the government follows a “fiscal rule,”
which states that spending of revenues from petroleum and fund investments
shall correspond to the expected real rate of return on the fund, an amount it
estimates is sustainable over time. In February 2017, the government revised
the expected rate of return for the fund downward from 4% to 3%.
After solid GDP growth in the 2004-07 period, the economy slowed in
2008, and contracted in 2009, before returning to modest, positive growth from
2010 to 2017. The Norwegian economy has been adjusting to lower energy prices,
as demonstrated by growth in labor force participation and employment in 2017.
GDP growth was about 1.5% in 2017, driven largely by domestic demand, which has
been boosted by the rebound in the labor market and supportive fiscal policies.
Economic growth is expected to remain constant or improve slightly in the next
few years.
|
Source
: CIA |
Company summary
|
Company Name |
LAADER BERG AS |
|
Company Number |
950945524 |
|
Legal Form |
Limited Company |
|
Status |
Active |
|
Address |
Langrabben 14 |
|
City |
6013 ÅLESUND |
|
Website Address |
- |
|
Telephone |
70177400 |
Register Type |
Register of Business Enterprises and VAT
Register |
|
Share Capital |
1 650 000 |
E-mail Address |
post@laaderberg.com |
|
Previous Name |
- |
Fax Number |
70177401 |
|
Name Change Date |
- |
Currency |
NOK |
|
Registration Date |
12/03/1995 |
Number of Employees |
52 |
Postal Address
|
ADDRESS |
CITY |
|
Postboks 9514 Flisnes |
6047 Ålesund |
Key Financials
|
YEAR TO DATE |
SALES REVENUE |
PROFIT BEFORE TAX |
TOTAL EQUITY |
|
2016 |
93 729 |
14 304 |
40 454 |
|
2015 |
78 777 |
12 302 |
35 748 |
|
2014 |
57 726 |
6 163 |
32 518 |
|
2013 |
65 373 |
10 400 |
31 276 |
|
2012 |
57 413 |
9 242 |
27 322 |
Industry
|
Main Industry Code & Description |
28.960 Manufacture of plastics and rubber
machinery |
|
Secondary Industry Code & Description |
- |
|
Other Industry Code & Description |
- |
|
Sector Code |
710 |
Summary
|
Type |
Number |
Total Amount |
|
Unsettled ROP |
0 |
0 |
|
Partly Settled ROP |
0 |
0 |
|
Voluntary Pledge |
3 |
65 000 000 |
Voluntary Pledge (Not Negative)
|
Type |
Date |
Ref Nr |
Amount |
Creditor |
Status |
|
ENCUMBERED STOCK |
14/03/2018 |
128260 |
30 000 000 |
DNB BANK ASA |
- |
|
CONTRACT OF FACTORING |
14/03/2018 |
128262 |
30 000 000 |
DNB BANK ASA |
- |
|
ENCUMBERED MACHINERY AND PLANT |
14/03/2018 |
128261 |
5 000 000 |
DNB BANK ASA |
- |
Commentary
|
- |
Event History
|
DATE |
DESCRIPTION |
|
25/11/2016 |
New rating algorithm introduced |
|
13/07/2017 |
Limit change |
No Group Structure information available for
the company
Current Directors
|
Name |
Address |
Date of Birth |
Function |
|
Vågen, Per Henning |
Torvmyrvegen 20 ÅLESUND 6020 |
12/01/1961 |
General manager/CEO |
|
Berg, Malvin Morritz |
Brendlia 23 ÅLESUND 6013 |
20/05/1951 |
Chairman of the board |
|
Berg, Alexander |
Gunnar Schjelderups V. 11 J OSLO 0485 |
23/07/1976 |
Board member(s) |
|
Berg, Erik Baade |
Jomarka 4 H ÅLESUND 6012 |
29/05/1988 |
Board member(s) |
|
Berg, Erling |
Rødsmyrveien 5 KRÅKERØY 1672 |
05/07/1974 |
Board member(s) |
|
Berg, Harry Eilert |
Brendlia 14 ÅLESUND 6013 |
21/03/1947 |
Board member(s) |
|
Berg, Veronica |
Oppsaltoppen 8 B OSLO 0687 |
20/03/1979 |
Board member(s) |
Signature
|
Signature |
Styrets leder alene. To styremedlemmer i
fellesskap, hvor minst en av |
Procurement
|
Procurement |
Johnny Hilmar Berg |
Auditors
|
Name |
Company Number |
Status |
Date |
|
ERNST & YOUNG AS |
976389387 |
Active |
19/10/2000 |
Other Company Officials
|
Name |
Address |
Date of Birth |
Function |
|
AZETS INSIGHT AS |
Kanalveien 52 BERGEN 5068 |
- |
Accountant |
Shareholders
|
SHAREHOLDER NAME |
NUMBER OF SHARES |
PERCENTAGE SHARE |
|
ERLING BERG |
1200 |
18.18 |
|
IRENE MARIE BERG |
1200 |
18.18 |
|
ALEXANDER BERG |
800 |
12.12 |
|
RICHARD BERG |
800 |
12.12 |
|
VERONICA BERG |
800 |
12.12 |
|
EGIL LORENTS BERG |
600 |
9.09 |
|
VAAGEN INNOVATION AS |
600 |
9.09 |
|
ERIK BAADE BERG |
200 |
3.03 |
|
JOHN ARNE BAADE BERG |
200 |
3.03 |
|
RENATE BAADE BERG |
200 |
3.03 |
Group Linkages
No Group Linkages information available for
the company
Announcements
|
Date |
Announcement Type |
|
11/07/2017 |
APPROVED END OF YEAR REPORT AND ACCOUNTS |
|
03/01/2017 |
CHANGE OF BOARD OF DIRECTORS |
|
16/07/2016 |
APPROVED END OF YEAR REPORT AND ACCOUNTS |
|
11/04/2016 |
CHANGE OF BOARD OF DIRECTORS |
|
27/07/2015 |
APPROVED END OF YEAR REPORT AND ACCOUNTS |
|
21/07/2014 |
CHANGE OF BOARD OF DIRECTORS |
|
24/06/2014 |
APPROVED END OF YEAR REPORT AND ACCOUNTS |
|
20/06/2013 |
APPROVED END OF YEAR REPORT AND ACCOUNTS |
|
19/07/2012 |
APPROVED END OF YEAR REPORT AND ACCOUNTS |
|
COMPANY NAME |
COMPANY NUMBER |
INDUSTRY CODE |
ADDRESS |
CITY |
TELEPHONE |
STATUS |
|
LAADER BERG AS |
973170678 |
28.960 |
Langrabben 14 |
6047 ÅLESUND |
070150520 |
Active |
Results
|
NOTE: All values displayed in 1000 |
|||||||||
|
Financial Year |
2016 |
2015 |
2014 |
2013 |
2012 |
||||
|
Currency |
NOK |
NOK |
NOK |
NOK |
NOK |
||||
|
Consolidated Accounts |
No |
No |
No |
No |
No |
||||
|
Complete Accounts |
Yes |
Yes |
Yes |
Yes |
Yes |
||||
|
Sales Revenue |
93 729 |
18.98% |
78 777 |
36.47% |
57 726 |
-11.70% |
65 373 |
13.86% |
57 413 |
|
Other operating income |
0 |
0.00% |
0 |
0.00% |
0 |
0.00% |
0 |
0.00% |
0 |
|
Total Operating Income |
93 729 |
18.98% |
78 777 |
36.47% |
57 726 |
-11.70% |
65 373 |
13.86% |
57 413 |
|
Cost of stocks |
35 055 |
38.18% |
25 369 |
51.47% |
16 749 |
-20.06% |
20 952 |
23.74% |
16 932 |
|
Change in stock of work in progress and finished
goods |
-1 415 |
-183.78% |
1 689 |
249.60% |
-1 129 |
65.69% |
-3 291 |
- |
240 |
|
Change in work in progress |
-1 415 |
-183.78% |
1 689 |
249.60% |
-1 129 |
65.69% |
-3 291 |
- |
240 |
|
Wages & Salaries |
31 288 |
22.02% |
25 641 |
6.62% |
24 049 |
2.02% |
23 572 |
18.14% |
19 952 |
|
Depreciation |
465 |
15.10% |
404 |
-36.97% |
641 |
63.94% |
391 |
23.34% |
317 |
|
Write down of tangible and intangible fixed
assets |
- |
N/A |
- |
N/A |
- |
N/A |
- |
N/A |
- |
|
Other operating expenses |
18 544 |
16.29% |
15 946 |
21.98% |
13 073 |
-9.70% |
14 477 |
19.85% |
12 079 |
|
Total Operating Expenses |
83 937 |
21.56% |
69 048 |
29.34% |
53 383 |
-4.84% |
56 101 |
13.29% |
49 519 |
|
Operating Profit |
9 792 |
0.65% |
9 729 |
124.02% |
4 343 |
-53.16% |
9 272 |
17.46% |
7 894 |
|
Allocated dividend |
- |
N/A |
- |
N/A |
- |
N/A |
- |
N/A |
- |
|
Revenue from subsidiaries |
0 |
0.00% |
0 |
0.00% |
0 |
0.00% |
0 |
0.00% |
0 |
|
Revenue from group companies |
0 |
0.00% |
0 |
0.00% |
0 |
0.00% |
0 |
0.00% |
0 |
|
Revenue from associated companies |
0 |
0.00% |
0 |
0.00% |
0 |
0.00% |
0 |
0.00% |
0 |
|
Interest income from group companies |
- |
N/A |
- |
N/A |
- |
N/A |
- |
N/A |
- |
|
Other interest income |
- |
N/A |
- |
N/A |
- |
N/A |
- |
N/A |
- |
|
Other financial income |
4 524 |
47.07% |
3 076 |
60.46% |
1 917 |
65.69% |
1 157 |
-21.08% |
1 466 |
|
Financial Income |
4 524 |
47.07% |
3 076 |
60.46% |
1 917 |
65.69% |
1 157 |
-21.08% |
1 466 |
|
Changes in value of quoted financial
current asssets |
0 |
0.00% |
0 |
0.00% |
0 |
0.00% |
0 |
0.00% |
0 |
|
Write-downs on other financial current
assets |
- |
N/A |
- |
N/A |
- |
N/A |
- |
N/A |
- |
|
Write-downs on financial fixed assets |
- |
N/A |
- |
N/A |
- |
N/A |
- |
N/A |
- |
|
Other interest expenses from group
companies |
- |
N/A |
- |
N/A |
- |
N/A |
- |
N/A |
- |
|
Other interest expenses |
- |
N/A |
- |
N/A |
- |
N/A |
- |
N/A |
- |
|
Other financial expenses |
12 |
-97.61% |
503 |
423.96% |
96 |
220.00% |
30 |
-74.58% |
118 |
|
Other financial costs |
12 |
-97.61% |
503 |
423.96% |
96 |
220.00% |
30 |
-74.58% |
118 |
|
Financial Expenses |
12 |
-97.61% |
503 |
423.96% |
96 |
220.00% |
30 |
-74.58% |
118 |
|
Total\net financial items |
4 512 |
75.36% |
2 573 |
41.30% |
1 821 |
61.58% |
1 127 |
-16.39% |
1 348 |
|
Profit Before Tax |
14 304 |
16.27% |
12 302 |
99.61% |
6 163 |
-40.74% |
10 400 |
12.53% |
9 242 |
|
Tax |
3 328 |
6.26% |
3 132 |
93.21% |
1 621 |
-41.05% |
2 750 |
11.47% |
2 467 |
|
Profit After Tax |
10 976 |
19.69% |
9 170 |
101.89% |
4 542 |
-40.63% |
7 650 |
12.92% |
6 775 |
|
Extraordinary Result |
0 |
0.00% |
0 |
0.00% |
0 |
0.00% |
0 |
0.00% |
0 |
|
Net profit\loss for the year before
miniority interests |
- |
N/A |
- |
N/A |
- |
N/A |
- |
N/A |
- |
|
Tax on extraordinary result |
0 |
0.00% |
0 |
0.00% |
0 |
0.00% |
0 |
0.00% |
0 |
|
Minority share before year result |
- |
N/A |
- |
N/A |
- |
N/A |
- |
N/A |
- |
|
Net Result after Dividends |
10 976 |
19.69% |
9 170 |
101.89% |
4 542 |
-40.63% |
7 650 |
12.92% |
6 775 |
|
Dividends |
- |
N/A |
- |
N/A |
- |
N/A |
- |
N/A |
- |
|
Group contributions |
- |
N/A |
- |
N/A |
0 |
N/A |
- |
N/A |
- |
|
Allocation other equity/covering of
previous uncovered loss |
4 706 |
45.70% |
3 230 |
160.06% |
1 242 |
-68.59% |
3 954 |
18.28% |
3 343 |
|
Total transfers and allocations |
10 976 |
19.69% |
9 170 |
101.89% |
4 542 |
-40.63% |
7 650 |
12.92% |
6 775 |
Assets
|
NOTE: All values displayed in 1000 |
|||||||||
|
Financial Year |
2016 |
2015 |
2014 |
2013 |
2012 |
||||
|
Currency |
NOK |
NOK |
NOK |
NOK |
NOK |
||||
|
Consolidated Accounts |
No |
No |
No |
No |
No |
||||
|
Complete Accounts |
Yes |
Yes |
Yes |
Yes |
Yes |
||||
|
Research and development |
- |
N/A |
- |
N/A |
0 |
N/A |
- |
N/A |
- |
|
Concessions, patents, licences, trademarks
and similar rights |
- |
N/A |
- |
N/A |
0 |
N/A |
- |
N/A |
- |
|
Deferred tax asset |
317 |
23.35% |
257 |
-17.89% |
313 |
39.11% |
225 |
-4.66% |
236 |
|
Goodwill/intangible assets |
- |
N/A |
- |
N/A |
0 |
N/A |
- |
N/A |
- |
|
Other intangible fixed assets |
- |
N/A |
- |
N/A |
- |
N/A |
- |
N/A |
- |
|
Intangible Assets |
317 |
23.35% |
257 |
-17.89% |
313 |
39.11% |
225 |
-4.66% |
236 |
|
Land & Buildings |
- |
N/A |
- |
N/A |
0 |
N/A |
- |
N/A |
- |
|
Plant & Machinery |
845 |
-9.53% |
934 |
-28.81% |
1 312 |
-27.15% |
1 801 |
212.67% |
576 |
|
Ships, rigs, aircraft, etc |
- |
N/A |
- |
N/A |
0 |
N/A |
- |
N/A |
- |
|
Operating equipment, fixtures, fittings,
tools, office machines, etc. |
275 |
38.19% |
199 |
22.09% |
163 |
-27.56% |
225 |
51.01% |
149 |
|
Other operation factors |
- |
N/A |
- |
N/A |
- |
N/A |
- |
N/A |
- |
|
Total Tangible Assets |
1 120 |
-1.06% |
1 132 |
-23.31% |
1 476 |
-27.15% |
2 026 |
179.45% |
725 |
|
Shares/investment in subsidiaries |
- |
N/A |
- |
N/A |
- |
N/A |
- |
N/A |
- |
|
Investments in group companies |
- |
N/A |
- |
N/A |
- |
N/A |
- |
N/A |
- |
|
Investments in associated companies |
- |
N/A |
- |
N/A |
- |
N/A |
- |
N/A |
- |
|
Investments in shares and interests |
- |
N/A |
- |
N/A |
- |
N/A |
4 136 |
2.00% |
4 055 |
|
Bonds and other accounts receivables |
- |
N/A |
- |
N/A |
- |
N/A |
- |
N/A |
- |
|
Pension funds |
- |
N/A |
- |
N/A |
- |
N/A |
- |
N/A |
- |
|
Other financial fixed assets |
- |
N/A |
- |
N/A |
- |
N/A |
- |
N/A |
- |
|
Bonds |
10 006 |
71.19% |
5 845 |
N/A |
- |
N/A |
- |
N/A |
- |
|
Total financial fixed assets |
10 006 |
71.19% |
5 845 |
54.10% |
3 793 |
-8.29% |
4 136 |
2.00% |
4 055 |
|
Other fixed assets |
- |
N/A |
- |
N/A |
- |
N/A |
- |
N/A |
- |
|
TOTAL FIXED ASSETS |
11 443 |
58.16% |
7 235 |
29.61% |
5 582 |
-12.59% |
6 386 |
27.29% |
5 017 |
|
Raw materials and purchased
semi-manufactured goods |
- |
N/A |
- |
N/A |
- |
N/A |
- |
N/A |
- |
|
Finished goods |
- |
N/A |
- |
N/A |
- |
N/A |
- |
N/A |
- |
|
Other inventories |
- |
N/A |
- |
N/A |
- |
N/A |
- |
N/A |
- |
|
Total inventories |
19 966 |
13.75% |
17 552 |
1.66% |
17 266 |
5.94% |
16 298 |
43.70% |
11 342 |
|
Inventories |
19 966 |
13.75% |
17 552 |
1.66% |
17 266 |
5.94% |
16 298 |
43.70% |
11 342 |
|
Trade Receivables |
9 742 |
-49.69% |
19 365 |
49.16% |
12 983 |
-42.58% |
22 610 |
180.49% |
8 061 |
|
Other Receivables |
2 013 |
-28.99% |
2 835 |
-25.26% |
3 793 |
229.25% |
1 152 |
-5.88% |
1 224 |
|
Receivables to companies in the same group |
- |
N/A |
- |
N/A |
- |
N/A |
- |
N/A |
- |
|
Total receivable |
11 756 |
-47.05% |
22 200 |
58.66% |
13 992 |
-41.12% |
23 763 |
155.90% |
9 286 |
|
Shares and interests in group companies |
- |
N/A |
- |
N/A |
- |
N/A |
- |
N/A |
- |
|
Quoted investment shares |
- |
N/A |
- |
N/A |
- |
N/A |
- |
N/A |
- |
|
Quoted bonds |
- |
N/A |
- |
N/A |
- |
N/A |
- |
N/A |
- |
|
Other marked based financial instr. |
- |
N/A |
- |
N/A |
- |
N/A |
- |
N/A |
- |
|
Other financial instr. |
- |
N/A |
- |
N/A |
- |
N/A |
- |
N/A |
- |
|
Other investments |
- |
N/A |
- |
N/A |
- |
N/A |
- |
N/A |
- |
|
Total Investments |
0 |
0.00% |
0 |
0.00% |
0 |
0.00% |
0 |
0.00% |
0 |
|
Cash & Bank Deposits |
35 386 |
24.56% |
28 409 |
82.52% |
15 565 |
8.02% |
14 409 |
-41.27% |
24 534 |
|
Total funds/bank/post |
35 386 |
24.56% |
28 409 |
82.52% |
15 565 |
8.02% |
14 409 |
-41.27% |
24 534 |
|
Other current assets |
- |
N/A |
- |
N/A |
- |
N/A |
- |
N/A |
- |
|
TOTAL CURRENT ASSETS |
67 108 |
-1.54% |
68 160 |
45.57% |
46 823 |
-14.04% |
54 470 |
20.61% |
45 161 |
|
TOTAL ASSETS |
78 551 |
4.19% |
75 395 |
43.87% |
52 405 |
-13.89% |
60 856 |
21.28% |
50 178 |
Equity And Liabilities
|
NOTE: All values displayed in 1000 |
|||||||||
|
Financial Year |
2016 |
2015 |
2014 |
2013 |
2012 |
||||
|
Currency |
NOK |
NOK |
NOK |
NOK |
NOK |
||||
|
Consolidated Accounts |
No |
No |
No |
No |
No |
||||
|
Complete Accounts |
Yes |
Yes |
Yes |
Yes |
Yes |
||||
|
Share Capital |
1 650 |
0.00% |
1 650 |
0.00% |
1 650 |
0.00% |
1 650 |
0.00% |
1 650 |
|
Own shares (treasury stock) |
- |
N/A |
- |
N/A |
- |
N/A |
- |
N/A |
- |
|
Share Premium Reserve |
2 123 |
0.00% |
2 123 |
0.00% |
2 123 |
0.00% |
2 123 |
0.00% |
2 123 |
|
Other paid-in capital |
- |
N/A |
- |
N/A |
- |
N/A |
- |
N/A |
- |
|
Total equity deposits |
3 773 |
0.00% |
3 773 |
0.00% |
3 773 |
0.00% |
3 773 |
0.00% |
3 773 |
|
Valuation reserve |
- |
N/A |
- |
N/A |
- |
N/A |
- |
N/A |
- |
|
Other equity |
36 681 |
14.72% |
31 975 |
11.24% |
28 745 |
4.52% |
27 503 |
16.79% |
23 549 |
|
Minority interests ( Groups ) |
- |
N/A |
- |
N/A |
- |
N/A |
- |
N/A |
- |
|
Total Retained Earnings |
36 681 |
14.72% |
31 975 |
11.24% |
28 745 |
4.52% |
27 503 |
16.79% |
23 549 |
|
Other Reserves |
- |
N/A |
- |
N/A |
- |
N/A |
- |
N/A |
- |
|
TOTAL EQUITY |
40 454 |
13.16% |
35 748 |
9.93% |
32 518 |
3.97% |
31 276 |
14.47% |
27 322 |
|
Long Term Pension Commitments |
- |
N/A |
- |
N/A |
- |
N/A |
- |
N/A |
- |
|
Deferred tax liabilities |
- |
N/A |
- |
N/A |
- |
N/A |
- |
N/A |
- |
|
Other provisions |
- |
N/A |
- |
N/A |
- |
N/A |
- |
N/A |
- |
|
Total provisions for liabilities and
charges |
0 |
0.00% |
0 |
0.00% |
0 |
0.00% |
0 |
0.00% |
0 |
|
Convertible loans |
- |
N/A |
- |
N/A |
- |
N/A |
- |
N/A |
- |
|
Other Long Term Loans |
- |
N/A |
- |
N/A |
- |
N/A |
- |
N/A |
- |
|
Long Term Liabilities to Financial
Institutions |
- |
N/A |
- |
N/A |
- |
N/A |
- |
N/A |
- |
|
Long-term group contribution liabilities |
- |
N/A |
- |
N/A |
- |
N/A |
- |
N/A |
- |
|
Liable loan capital |
- |
N/A |
- |
N/A |
- |
N/A |
- |
N/A |
- |
|
Other long-term liabilities |
0 |
0.00% |
0 |
0.00% |
0 |
0.00% |
0 |
0.00% |
0 |
|
Total other long-term liabilities |
- |
N/A |
- |
N/A |
- |
N/A |
- |
N/A |
- |
|
TOTAL LONG TERM LIABILITIES |
0 |
0.00% |
0 |
0.00% |
0 |
0.00% |
0 |
0.00% |
0 |
|
Convertible loan |
- |
N/A |
- |
N/A |
- |
N/A |
- |
N/A |
- |
|
Certificate loan |
- |
N/A |
- |
N/A |
- |
N/A |
- |
N/A |
- |
|
Short Term Liabilities to Financial
Institutions |
- |
N/A |
- |
N/A |
- |
N/A |
- |
N/A |
- |
|
Trade Creditors |
1 891 |
-38.52% |
3 076 |
68.46% |
1 826 |
-41.77% |
3 136 |
-13.35% |
3 619 |
|
Payable tax |
2 156 |
2.86% |
2 096 |
51.55% |
1 383 |
-29.69% |
1 967 |
0.51% |
1 957 |
|
Special government taxes |
2 397 |
18.14% |
2 029 |
19.99% |
1 691 |
-8.10% |
1 840 |
30.96% |
1 405 |
|
Suggested dividend |
- |
N/A |
- |
N/A |
- |
N/A |
- |
N/A |
- |
|
Short Term Liabilities to Group |
- |
N/A |
- |
N/A |
14 988 |
N/A |
- |
N/A |
- |
|
Other creditors |
- |
N/A |
- |
N/A |
- |
N/A |
- |
N/A |
- |
|
TOTAL CURRENT LIABILITIES |
38 097 |
-3.91% |
39 647 |
99.35% |
19 888 |
-32.77% |
29 580 |
29.42% |
22 856 |
|
TOTAL LIABILITIES |
38 097 |
-3.91% |
39 647 |
99.35% |
19 888 |
-32.77% |
29 580 |
29.42% |
22 856 |
|
Total liabilities and equity |
78 551 |
4.19% |
75 395 |
43.87% |
52 405 |
-13.89% |
60 856 |
21.28% |
50 178 |
Miscellaneous
|
NOTE: All values displayed in 1000 |
|||||||||
|
Financial Year |
2016 |
2015 |
2014 |
2013 |
2012 |
||||
|
Total Exports |
- |
N/A |
- |
N/A |
- |
N/A |
- |
N/A |
- |
|
Working Capital |
29 011 |
1.75% |
28 513 |
5.86% |
26 935 |
8.22% |
24 890 |
11.59% |
22 305 |
|
Net Worth |
40 137 |
13.09% |
35 491 |
10.20% |
32 205 |
3.72% |
31 051 |
14.64% |
27 086 |
|
Capital Employed |
40 454 |
13.16% |
35 748 |
9.93% |
32 518 |
3.97% |
31 276 |
14.47% |
27 322 |
|
Man-labour year |
48 |
11.63% |
43 |
7.50% |
40 |
2.56% |
39 |
8.33% |
36 |
|
Employees |
48 |
11.63% |
43 |
7.50% |
40 |
2.56% |
39 |
11.43% |
35 |
|
General manager salary |
1 352 |
6.37% |
1 271 |
-2.08% |
1 298 |
15.28% |
1 126 |
6.13% |
1 061 |
|
Auditor's remuneration |
71 |
1.43% |
70 |
-6.67% |
75 |
10.29% |
68 |
13.33% |
60 |
Ratios
|
Financial Year |
2016 |
2015 |
2014 |
2013 |
2012 |
|
Pre-Tax Profit Margin |
15.26 |
15.62 |
10.68 |
15.91 |
16.10 |
|
Return on Capital Employed |
35.36 |
34.41 |
18.95 |
33.25 |
33.83 |
|
Return on Total Assets Employed |
18.21 |
16.32 |
11.76 |
17.09 |
18.42 |
|
Return on Net Assets Employed |
35.36 |
34.41 |
18.95 |
33.25 |
33.83 |
|
Sales/Net Working Capital |
3.23 |
2.76 |
2.14 |
2.63 |
2.57 |
|
Stock Turnover Ratio |
21.30 |
22.28 |
29.91 |
24.93 |
19.76 |
|
Debtor Days |
37.94 |
89.72 |
82.09 |
126.24 |
51.25 |
|
Creditor Days |
7.36 |
14.25 |
11.55 |
17.51 |
23.01 |
|
Current Ratio |
1.76 |
1.72 |
2.35 |
1.84 |
1.98 |
|
Liquidity Ratio/Acid Test |
1.24 |
1.28 |
1.49 |
1.29 |
1.48 |
|
Current Debt Ratio |
0.94 |
1.11 |
0.61 |
0.95 |
0.84 |
|
Solvency Ratio |
51.50 |
47.41 |
62.05 |
51.39 |
54.45 |
|
Equity in Percentage |
59.29 |
51.59 |
67.33 |
55.36 |
59.54 |
|
Total Debt Ratio |
0.94 |
1.11 |
0.61 |
0.95 |
0.84 |
No Auditor Remarks information available for
the company
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 64.93 |
|
|
1 |
INR 91.50 |
|
Euro |
1 |
INR 79.69 |
|
NOK |
1 |
INR 8.35 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
NIS |
|
|
|
|
Report Prepared
by : |
TPT |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
D |
High Risk |
Business dealing not recommended or on
secured terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
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 are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.