|
|
|
MIRA
INFORM REPORT
|
Report No. : |
492005 |
|
Report Date : |
13.02.2018 |
IDENTIFICATION DETAILS
|
Name : |
LARVIK GRANITE AS |
|
|
|
|
Registered Office : |
Dronningens Gate 28, 3262 Larvik |
|
|
|
|
Country : |
Norway |
|
|
|
|
Financials (as on) : |
2016 |
|
|
|
|
Date of Incorporation : |
12.03.1995 |
|
|
|
|
Com. Reg. No.: |
930307378 |
|
|
|
|
Legal Form : |
Limited Company |
|
|
|
|
Line of Business : |
Quarrying of Ornamental and Building Stone |
|
|
|
|
No. of Employees : |
53 |
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 (30.06.2017) |
Current Rating (30.09.2017) |
|
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; nonetheless, as a member of the European Economic
Area, it contributes sizably to the EU budget.
The country is richly endowed with natural resources in addition to oil
and gas, including hydropower, 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, though oil
production in 2016 was close to 50% below its peak in 2000; annual gas
production, conversely, more than doubled over the same time period. After a
continual decline from 2001 to 2013, oil production rose in 2016 for the third
year running, due to the higher production of existing oil fields and to new
fields coming on stream.
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 almost $900 billion as of early 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 2016. Lower oil prices in 2015 and 2016 caused growth to slow,
increased unemployment, and weakened the Norwegian krone. The latter trend has
mitigated the negative impact of lower oil and gas prices by making Norwegian
exports cheaper for foreign buyers. The government has expressed willingness to
increase public spending from the sovereign wealth fund to help prevent a
recession.
|
Source
: CIA |
Company summary
|
Company Name |
LARVIK GRANITE AS |
|
Company Number |
930307378 |
|
Legal Form |
Limited Company |
|
Status |
Active |
|
Address |
Dronningens Gate 28 |
|
City |
3262 Larvik |
|
Website Address |
- |
|
Telephone |
33138200 |
|
Share Capital |
1 000 000 |
|
Previous Name |
- |
|
Name Change Date |
- |
|
Registration Date |
12/03/1995 |
|
Register Type |
Register of Business Enterprises and VAT
Register |
|
E-mail Address |
|
|
Fax Number |
33138210 |
|
Currency |
NOK |
|
Number of Employees |
53 |
Postal Address
|
ADDRESS |
CITY |
|
- |
- |
Key Financials
|
YEAR TO DATE |
SALES REVENUE |
PROFIT BEFORE TAX |
TOTAL EQUITY |
|
2016 |
58 135 |
36 606 |
62 474 |
|
2015 |
80 254 |
63 121 |
65 089 |
|
2014 |
65 254 |
40 748 |
72 465 |
|
2013 |
56 048 |
30 565 |
86 596 |
|
2012 |
52 776 |
28 141 |
58 963 |
Industry
|
Main Industry Code & Description |
08.111 Quarrying of ornamental and building
stone |
|
Secondary Industry Code & Description |
- |
|
Other Industry Code & Description |
- |
|
Sector Code |
717 |
Ultimate Holding
Company
|
COMPANY NAME |
COUNTRY FLAG |
COMPANY NUMBER |
|
AOL GRANIT AS |
- |
Summary
|
Type |
Number |
Total Amount |
|
Unsettled ROP |
0 |
0 |
|
Partly Settled ROP |
0 |
0 |
|
Voluntary Pledge |
7 |
49 550 000 |
Voluntary Pledge
(Not Negative)
|
Type |
Date |
Ref Nr |
Amount |
Creditor |
Status |
|
CONTRACT OF FACTORING |
31/07/2014 |
310750 |
12 000 000 |
DNB BANK ASA |
- |
|
ENCUMBERED STOCK |
31/07/2014 |
310749 |
10 000 000 |
DNB BANK ASA |
- |
|
ENCUMBERED STOCK |
28/10/2005 |
305929 |
20 000 000 |
DNB BANK ASA |
- |
|
CONTRACT OF FACTORING |
30/10/2002 |
328735 |
5 000 000 |
Den norske Bank ASA |
- |
|
ENCUMBERED MOTOR VEHICLE/CONSTRUCTION MACHINE |
30/10/1998 |
315202 |
2 550 000 |
Gjensidige Bank Finans AS |
- |
|
LEASING CONTRACT MOTOR VEHICLE |
22/06/1995 |
138937 |
0 |
DnB Finans AS, Tønsberg. |
- |
|
LEASING CONTRACT MOTOR VEHICLE |
10/02/1992 |
030734 |
0 |
Elcon Finans AS, Oslo |
- |
Commentary
|
- |
Event History
|
DATE |
DESCRIPTION |
|
25/11/2016 |
New rating algorithm introduced |
|
04/01/2017 |
Limit change |
|
12/07/2017 |
Limit change |
|
|
Company Name |
Company Number |
Last Account Published |
Revenue |
|
1 |
AOL GRANIT AS |
- |
31/12/2004 |
0 KNOK |
|
2 |
LARVIK GRANITE AS |
- |
31/12/2016 |
58 135 KNOK |
|
3 |
EGERSUND GRANITE AS |
- |
31/12/2016 |
16 388 KNOK |
|
TØNSBERG GRANIT AS |
- |
31/12/2016 |
68 721 KNOK |
|
|
MONZONITE AS |
- |
31/12/2016 |
16 130 KNOK |
Current Directors
|
Name |
Address |
Date of Birth |
Function |
|
Hansen, Even Askemyr |
Bjørnsons Vei 9 LARVIK 3269 |
01/11/1961 |
General manager/CEO |
|
Overberghe, Dirk Ghislain Maurice van |
Schalumstrasse 33 9490 Vaduz |
21/07/1958 |
Chairman of the board |
|
Vaernewyck, Vinciana L R |
Schalumstrasse 33 9490 Vaduz |
22/08/1961 |
Board member(s) |
|
Van Overberghe, Gilles Ferdina G |
Molenstraat 1 |
22/03/1983 |
Board member(s) |
Signature
|
Signature |
Dirk Ghislain Maurice van Overberghe Two board members jointly or Chairman alone |
Procurement
|
Procurement |
Daglig leder. |
Auditors
|
Name |
Company Number |
Status |
Date |
|
BDO AS |
993606650 |
Active |
09/10/2012 |
Other Company
Officials
|
Name |
Address |
Date of Birth |
Function |
|
- |
- |
- |
- |
Shareholders
|
SHAREHOLDER NAME |
NUMBER OF SHARES |
PERCENTAGE SHARE |
|
BRACHOT HERMANT NV |
10000 |
100.00 |
Group Linkages
No Group Linkages information available for
the company
Announcements
|
Date |
Announcement Type |
|
10/07/2017 |
APPROVED END OF YEAR REPORT AND ACCOUNTS |
|
28/09/2016 |
APPROVED END OF YEAR REPORT AND ACCOUNTS |
|
30/06/2016 |
APPROVED END OF YEAR REPORT AND ACCOUNTS |
|
18/08/2015 |
APPROVED END OF YEAR REPORT AND ACCOUNTS |
|
05/06/2015 |
CHANGE OF BOARD OF DIRECTORS |
|
21/08/2014 |
APPROVED END OF YEAR REPORT AND ACCOUNTS |
|
11/08/2014 |
APPROVED END OF YEAR REPORT AND ACCOUNTS |
|
28/08/2013 |
APPROVED END OF YEAR REPORT AND ACCOUNTS |
|
09/10/2012 |
CHANGE OF AUDITOR |
|
14/08/2012 |
APPROVED END OF YEAR REPORT AND ACCOUNTS |
|
12/05/2012 |
CHANGE OF BOARD OF DIRECTORS |
|
COMPANY NAME |
COMPANY NUMBER |
INDUSTRY CODE |
ADDRESS |
CITY |
TELEPHONE |
STATUS |
|
LARVIK GRANITE AS |
973306464 |
08.111 |
Dronningens gate 28 |
- |
33138200 |
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 |
58 135 |
-27.56% |
80 254 |
22.99% |
65 254 |
16.43% |
56 048 |
6.20% |
52 776 |
|
Other operating income |
360 |
-59.87% |
897 |
11.43% |
805 |
232.64% |
242 |
+ |
2 |
|
Total Operating Income |
58 496 |
-27.92% |
81 151 |
22.85% |
66 059 |
17.35% |
56 290 |
6.65% |
52 779 |
|
Cost of stocks |
10 746 |
-10.22% |
11 969 |
-6.04% |
12 739 |
0.39% |
12 690 |
-1.95% |
12 943 |
|
Change in stock of work in progress and
finished goods |
3 387 |
349.78% |
-1 356 |
-208.13% |
1 254 |
172.15% |
-1 738 |
-138.59% |
4 504 |
|
Change in work in progress |
3 387 |
349.78% |
-1 356 |
-208.13% |
1 254 |
172.15% |
-1 738 |
-138.59% |
4 504 |
|
Wages & Salaries |
22 155 |
-5.46% |
23 434 |
-0.68% |
23 594 |
19.57% |
19 733 |
0.22% |
19 690 |
|
Depreciation |
7 589 |
0.56% |
7 547 |
-4.17% |
7 875 |
0.79% |
7 813 |
-9.48% |
8 631 |
|
Write down of tangible and intangible fixed
assets |
- |
N/A |
- |
N/A |
- |
N/A |
- |
N/A |
- |
|
Other operating expenses |
3 523 |
9.14% |
3 228 |
-34.58% |
4 934 |
-10.36% |
5 504 |
8.86% |
5 056 |
|
Total Operating Expenses |
47 399 |
5.75% |
44 822 |
-11.06% |
50 396 |
14.53% |
44 003 |
-13.42% |
50 824 |
|
Operating Profit |
11 097 |
-69.45% |
36 329 |
131.94% |
15 663 |
27.48% |
12 287 |
528.49% |
1 955 |
|
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 |
16 |
-40.74% |
27 |
35.00% |
20 |
-25.93% |
27 |
35.00% |
20 |
|
Other financial income |
- |
N/A |
12 404 |
74.73% |
7 099 |
13.24% |
6 269 |
41.54% |
4 429 |
|
Financial Income |
31 030 |
-20.29% |
38 930 |
15.45% |
33 719 |
28.23% |
26 296 |
-16.39% |
31 449 |
|
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 |
158 |
8.22% |
146 |
-25.89% |
197 |
-83.76% |
1 213 |
-24.71% |
1 611 |
|
Other financial expenses |
5 363 |
-55.28% |
11 992 |
42.14% |
8 437 |
23.98% |
6 805 |
86.39% |
3 651 |
|
Other financial costs |
5 363 |
-55.28% |
11 992 |
42.14% |
8 437 |
23.98% |
6 805 |
86.39% |
3 651 |
|
Financial Expenses |
5 521 |
-54.51% |
12 138 |
40.58% |
8 634 |
7.68% |
8 018 |
52.38% |
5 262 |
|
Total\net financial items |
25 509 |
-4.79% |
26 792 |
6.80% |
25 085 |
37.24% |
18 278 |
-30.20% |
26 187 |
|
Profit Before Tax |
36 606 |
-42.01% |
63 121 |
54.91% |
40 748 |
33.32% |
30 565 |
8.61% |
28 141 |
|
Tax |
2 630 |
-73.12% |
9 786 |
154.51% |
3 845 |
31.14% |
2 932 |
737.71% |
350 |
|
Profit After Tax |
33 976 |
-36.30% |
53 335 |
44.53% |
36 903 |
33.55% |
27 633 |
-0.57% |
27 792 |
|
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 |
33 976 |
-36.30% |
53 335 |
44.53% |
36 903 |
33.55% |
27 633 |
-0.57% |
27 792 |
|
Dividends |
- |
N/A |
- |
N/A |
- |
N/A |
- |
N/A |
- |
|
Group contributions |
- |
N/A |
- |
N/A |
- |
N/A |
- |
N/A |
- |
|
Allocation other equity/covering of
previous uncovered loss |
-2 024 |
-113.20% |
15 335 |
-33.04% |
22 903 |
-17.12% |
27 633 |
36.18% |
20 292 |
|
Total transfers and allocations |
33 976 |
-36.30% |
53 335 |
44.53% |
36 903 |
33.55% |
27 633 |
-0.57% |
27 792 |
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 |
- |
N/A |
- |
N/A |
- |
|
Concessions, patents, licences, trademarks
and similar rights |
- |
N/A |
- |
N/A |
- |
N/A |
- |
N/A |
- |
|
Deferred tax asset |
- |
N/A |
- |
N/A |
- |
N/A |
- |
N/A |
- |
|
Goodwill/intangible assets |
- |
N/A |
- |
N/A |
- |
N/A |
- |
N/A |
- |
|
Other intangible fixed assets |
- |
N/A |
- |
N/A |
- |
N/A |
- |
N/A |
- |
|
Intangible Assets |
0 |
0.00% |
0 |
0.00% |
0 |
0.00% |
0 |
0.00% |
0 |
|
Land & Buildings |
5 012 |
-7.83% |
5 438 |
-7.26% |
5 864 |
-6.89% |
6 298 |
-7.95% |
6 842 |
|
Plant & Machinery |
28 883 |
-6.24% |
30 806 |
5.88% |
29 095 |
-3.14% |
30 038 |
-7.48% |
32 467 |
|
Ships, rigs, aircraft, etc |
- |
N/A |
- |
N/A |
- |
N/A |
- |
N/A |
- |
|
Operating equipment, fixtures, fittings,
tools, office machines, etc. |
- |
N/A |
- |
N/A |
- |
N/A |
0 |
-100.00% |
72 |
|
Other operation factors |
- |
N/A |
- |
N/A |
- |
N/A |
- |
N/A |
- |
|
Total Tangible Assets |
33 894 |
-6.48% |
36 244 |
3.68% |
34 959 |
-3.79% |
36 336 |
-7.73% |
39 381 |
|
Shares/investment in subsidiaries |
51 872 |
0.00% |
51 872 |
0.00% |
51 872 |
0.00% |
51 872 |
1.74% |
50 987 |
|
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 |
10 |
0.00% |
10 |
0.00% |
10 |
0.00% |
10 |
0.00% |
10 |
|
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 |
- |
N/A |
- |
N/A |
- |
N/A |
- |
N/A |
- |
|
Total financial fixed assets |
51 882 |
0.00% |
51 882 |
0.00% |
51 882 |
0.00% |
51 882 |
1.74% |
50 997 |
|
Other fixed assets |
- |
N/A |
- |
N/A |
- |
N/A |
- |
N/A |
- |
|
TOTAL FIXED ASSETS |
85 776 |
-2.67% |
88 126 |
1.48% |
86 841 |
-1.56% |
88 218 |
-2.39% |
90 378 |
|
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 |
6 696 |
-33.59% |
10 083 |
12.48% |
8 964 |
-20.95% |
11 340 |
9.33% |
10 372 |
|
Inventories |
6 696 |
-33.59% |
10 083 |
12.48% |
8 964 |
-20.95% |
11 340 |
9.33% |
10 372 |
|
Trade Receivables |
35 111 |
-2.99% |
36 192 |
26.72% |
28 560 |
-3.32% |
29 542 |
-0.18% |
29 594 |
|
Other Receivables |
1 032 |
-52.24% |
2 161 |
49.34% |
1 447 |
-41.77% |
2 485 |
114.04% |
1 161 |
|
Receivables to companies in the same group |
4 094 |
N/A |
- |
N/A |
- |
N/A |
- |
N/A |
- |
|
Total receivable |
40 238 |
4.91% |
38 353 |
27.81% |
30 007 |
-6.31% |
32 028 |
4.14% |
30 755 |
|
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 |
2 319 |
52.87% |
1 517 |
2.71% |
1 477 |
50.71% |
980 |
3.48% |
947 |
|
Total funds/bank/post |
2 319 |
52.87% |
1 517 |
2.71% |
1 477 |
50.71% |
980 |
3.48% |
947 |
|
Other current assets |
- |
N/A |
- |
N/A |
- |
N/A |
- |
N/A |
- |
|
TOTAL CURRENT ASSETS |
49 252 |
-1.40% |
49 953 |
23.50% |
40 448 |
-8.80% |
44 349 |
5.41% |
42 074 |
|
TOTAL ASSETS |
135 028 |
-2.21% |
138 079 |
8.48% |
127 288 |
-3.98% |
132 567 |
0.09% |
132 452 |
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 |
1 000 |
0.00% |
1 000 |
0.00% |
1 000 |
0.00% |
1 000 |
0.00% |
1 000 |
|
Own shares (treasury stock) |
- |
N/A |
- |
N/A |
- |
N/A |
- |
N/A |
- |
|
Share Premium Reserve |
12 137 |
0.00% |
12 137 |
0.00% |
12 137 |
0.00% |
12 137 |
0.00% |
12 137 |
|
Other paid-in capital |
- |
N/A |
- |
N/A |
59 327 |
N/A |
- |
N/A |
- |
|
Total equity deposits |
13 137 |
0.00% |
13 137 |
-81.87% |
72 465 |
451.61% |
13 137 |
0.00% |
13 137 |
|
Valuation reserve |
- |
N/A |
- |
N/A |
- |
N/A |
- |
N/A |
- |
|
Other equity |
49 337 |
-5.03% |
51 952 |
N/A |
- |
N/A |
73 459 |
60.30% |
45 826 |
|
Minority interests ( Groups ) |
- |
N/A |
- |
N/A |
- |
N/A |
- |
N/A |
- |
|
Total Retained Earnings |
49 337 |
-5.03% |
51 952 |
100.00% |
0 |
-100.00% |
73 459 |
60.30% |
45 826 |
|
Other Reserves |
- |
N/A |
- |
N/A |
- |
N/A |
- |
N/A |
- |
|
TOTAL EQUITY |
62 474 |
-4.02% |
65 089 |
-10.18% |
72 465 |
-16.32% |
86 596 |
46.86% |
58 963 |
|
Long Term Pension Commitments |
- |
N/A |
- |
N/A |
- |
N/A |
- |
N/A |
- |
|
Deferred tax liabilities |
1 027 |
-37.91% |
1 654 |
1.47% |
1 630 |
-14.26% |
1 901 |
-11.87% |
2 157 |
|
Other provisions |
1 459 |
3.04% |
1 416 |
21.86% |
1 162 |
6.51% |
1 091 |
16.19% |
939 |
|
Total provisions for liabilities and
charges |
2 486 |
-19.02% |
3 070 |
9.96% |
2 792 |
-6.68% |
2 992 |
-3.36% |
3 096 |
|
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 |
1 122 |
-82.39% |
6 372 |
-81.39% |
34 241 |
|
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 |
1 282 |
100.00% |
0 |
0.00% |
0 |
0.00% |
0 |
0.00% |
0 |
|
Total other long-term liabilities |
- |
N/A |
- |
N/A |
1 122 |
-82.39% |
6 372 |
-81.39% |
34 241 |
|
TOTAL LONG TERM LIABILITIES |
3 768 |
22.74% |
3 070 |
-21.56% |
3 914 |
-58.20% |
9 364 |
-74.92% |
37 337 |
|
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 |
932 |
165.27% |
-1 428 |
48.00% |
-2 746 |
-346.28% |
1 115 |
334.24% |
-476 |
|
Trade Creditors |
12 326 |
57.26% |
7 838 |
-9.22% |
8 634 |
-33.92% |
13 065 |
111.75% |
6 170 |
|
Payable tax |
3 061 |
-67.81% |
9 509 |
131.08% |
4 115 |
44.69% |
2 844 |
128.43% |
1 245 |
|
Special government taxes |
2 686 |
-8.39% |
2 932 |
1.81% |
2 880 |
36.49% |
2 110 |
1.59% |
2 077 |
|
Suggested dividend |
36 000 |
-5.26% |
38 000 |
171.43% |
14 000 |
N/A |
- |
N/A |
- |
|
Short Term Liabilities to Group |
10 385 |
N/A |
- |
N/A |
17 724 |
N/A |
- |
N/A |
- |
|
Other creditors |
- |
N/A |
- |
N/A |
- |
N/A |
- |
N/A |
- |
|
TOTAL CURRENT LIABILITIES |
68 786 |
-1.62% |
69 920 |
37.34% |
50 910 |
39.07% |
36 607 |
1.26% |
36 152 |
|
TOTAL LIABILITIES |
72 554 |
-0.60% |
72 990 |
33.14% |
54 824 |
19.26% |
45 971 |
-37.45% |
73 489 |
|
Total liabilities and equity |
135 028 |
-2.21% |
138 079 |
8.48% |
127 288 |
-3.98% |
132 567 |
0.09% |
132 452 |
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 |
-19 534 |
2.17% |
-19 967 |
-90.85% |
-10 462 |
-235.13% |
7 742 |
30.73% |
5 922 |
|
Net Worth |
62 474 |
-4.02% |
65 089 |
-10.18% |
72 465 |
-16.32% |
86 596 |
46.86% |
58 963 |
|
Capital Employed |
66 242 |
-2.81% |
68 159 |
-10.76% |
76 379 |
-20.41% |
95 960 |
-0.35% |
96 300 |
|
Man-labour year |
- |
N/A |
- |
N/A |
- |
N/A |
49 |
N/A |
- |
|
Employees |
- |
N/A |
49 |
-3.92% |
51 |
N/A |
- |
N/A |
- |
|
General manager salary |
1 905 |
-3.50% |
1 974 |
4.89% |
1 882 |
67.59% |
1 123 |
2.46% |
1 096 |
|
Auditor's remuneration |
142 |
26.79% |
112 |
2.75% |
109 |
7.92% |
101 |
-12.93% |
116 |
Ratios
|
Financial Year |
2016 |
2015 |
2014 |
2013 |
2012 |
|
Pre-Tax Profit Margin |
62.97 |
78.65 |
62.45 |
54.53 |
53.32 |
|
Return on Capital Employed |
55.26 |
92.61 |
53.35 |
31.85 |
29.22 |
|
Return on Total Assets Employed |
27.11 |
45.71 |
32.01 |
23.06 |
21.25 |
|
Return on Net Assets Employed |
58.59 |
96.98 |
56.23 |
35.30 |
47.73 |
|
Sales/Net Working Capital |
-2.98 |
-4.02 |
-6.24 |
7.24 |
8.91 |
|
Stock Turnover Ratio |
11.52 |
12.56 |
13.74 |
20.23 |
19.65 |
|
Debtor Days |
220.44 |
164.60 |
159.75 |
192.39 |
204.67 |
|
Creditor Days |
77.39 |
35.65 |
48.29 |
85.08 |
42.67 |
|
Current Ratio |
0.72 |
0.71 |
0.79 |
1.21 |
1.16 |
|
Liquidity Ratio/Acid Test |
0.62 |
0.57 |
0.62 |
0.90 |
0.88 |
|
Current Debt Ratio |
1.10 |
1.07 |
0.70 |
0.42 |
0.61 |
|
Solvency Ratio |
46.27 |
47.14 |
56.93 |
65.32 |
44.52 |
|
Equity in Percentage |
75.14 |
75.51 |
96.10 |
107.33 |
72.39 |
|
Total Debt Ratio |
1.16 |
1.12 |
0.76 |
0.53 |
1.25 |
No Auditor Remarks information available for
the company
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 64.28 |
|
|
1 |
INR 89.02 |
|
Euro |
1 |
INR 78.93 |
|
NOK |
1 |
INR 8.14 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
PRI |
|
|
|
|
Report Prepared
by : |
SYL |
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.