|
|
|
MIRA
INFORM REPORT
|
Report No. : |
494991 |
|
Report Date : |
28.02.2018 |
IDENTIFICATION DETAILS
|
Name : |
LUNDHS AS |
|
|
|
|
Registered Office : |
Postboks 2051, 3255 Larvik |
|
|
|
|
Country : |
Norway |
|
|
|
|
Financials (as on) : |
2016 |
|
|
|
|
Date of Incorporation : |
03.10.2008 |
|
|
|
|
Com. Reg. No.: |
993071641 |
|
|
|
|
Legal Form : |
Limited company |
|
|
|
|
Line of Business : |
·
Quarrying of ornamental and building
stone ·
Wholesale of construction materials |
|
|
|
|
No. of Employees : |
129 |
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 : |
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
|
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; 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 name and address
|
Company Name |
LUNDHS AS |
|
Company Number |
993071641 |
|
Legal Form |
Limited company |
|
Status |
Active |
|
Address |
Nedre Fritzøegate 1 |
|
City |
3264 LARVIK |
|
Website Address |
|
|
Telephone |
33121164 |
|
Share Capital |
50 000 000 |
|
Previous Name |
- |
|
Name Change Date |
- |
|
Registration Date |
03/10/2008 |
|
Register Type |
Register of Business Enterprises and VAT Register |
|
E-mail Address |
|
|
Fax Number |
33185535 |
|
Currency |
NOK |
|
Number of Employees |
129 |
Postal Address
|
Address |
City |
|
Postboks 2051 |
3255 LARVIK |
Key Financials
|
Year to Date |
Sales Revenue |
Profit Before Tax |
Total Equity |
|
2016 |
443 910 |
67 150 |
343 460 |
|
2015 |
551 166 |
100 533 |
370 048 |
|
2014 |
493 105 |
82 806 |
343 965 |
|
2013 |
396 660 |
69 105 |
357 794 |
|
2012 |
372 837 |
32 982 |
325 382 |
Industry
|
Main Industry Code & Description |
08.111 Quarrying of ornamental and building stone |
|
Secondary Industry Code & Description |
46.739 Wholesale of construction materials n.e.c. |
|
Other Industry Code & Description |
- |
|
Sector Code |
710 |
Ultimate Holding Company
|
Company Name |
Country Flag |
Company Number |
|
LUNDHS AS |
- |
Summary
|
Type |
Number |
Total Amount |
|
Unsettled ROP |
1 |
1 156 |
|
Partly Settled ROP |
0 |
0 |
|
Voluntary Pledge |
0 |
0 |
Voluntary Pledge (Not Negative)
|
Type |
Date |
Source |
Ref Nr |
Amount |
Creditor |
Status |
|
- |
- |
- |
- |
- |
- |
- |
Remarks of Payment (Negative)
|
Type |
Date |
Ref Nr |
Amount |
Creditor |
Status |
|
DEBT COLLECTION |
16/10/2017 |
26779378 |
1 156 |
BISNODE D&B NORWAY AS |
- |
.
Event History
|
Date |
Description |
|
25/11/2016 |
New rating algorithm introduced |
|
04/01/2017 |
Limit change |
|
25/05/2017 |
Limit change |
|
|
Company Name |
Company Number |
Last Account Published |
Revenue |
|
|
1 |
LUNDHS AS |
- |
31/12/2016 |
443 910 KNOK |
|
|
2 |
STONE SUPPLY AS |
- |
31/12/2016 |
1 376 KNOK |
|
|
LUNDHS EIENDOM AS |
- |
31/12/2016 |
0 KNOK |
||
|
NORTH SEA STONE INDUSTRY AS |
- |
31/12/2016 |
16 590 KNOK |
||
|
LUNDHS KLAASTAD AS |
- |
31/12/2010 |
182 944 KNOK |
||
|
2 |
LUNDHS TVEDALEN AS |
- |
31/12/2010 |
136 880 KNOK |
|
|
3 |
AS GRANIT |
- |
31/12/2016 |
0 KNOK |
|
|
4 |
AS GRØNNEVETSJØBUDA |
- |
31/12/2016 |
0 KNOK |
|
|
BJØRNØY AS |
- |
31/12/2006 |
54 782 KNOK |
||
|
NORHOLMEN AS |
- |
31/12/2006 |
63 646 KNOK |
||
|
ACTIESELSKABET GRANIT |
- |
31/12/2010 |
34 490 KNOK |
||
|
GRANIT 1893 AS |
- |
- |
- |
||
|
BLUE PEARL AS |
- |
31/12/2016 |
0 KNOK |
||
|
LARVIKITE AS |
- |
31/12/2016 |
0 KNOK |
||
|
EMERALD PEARL AS |
- |
31/12/2009 |
0 KNOK |
Current Directors
|
Name |
Address |
Date of Birth |
Function |
|
Håkestad, Thor-Anders Lundh |
Lyngveien 11 LARVIK 3260 |
26/03/1978 |
General manager/CEO |
|
Treschow, Michael Stang |
Buktaveien 8 STAVERN 3290 |
21/03/1987 |
Chairman of the board |
|
Eika, Thor Halvard |
Husebygrenda 11 SANDEFJORD 3219 |
07/06/1958 |
Board member(s) |
|
Halvorsen, Geir |
Torpesvingen 11 HELGEROA 3295 |
19/08/1970 |
Board member(s) |
|
Håkestad, Mette Lundh |
Håkestadveien 285 TJODALYNG 3280 |
30/08/1958 |
Board member(s) |
|
Lundh, Thor |
Bergeskaret 1 LARVIK 3260 |
26/06/1935 |
Board member(s) |
|
Paulsrud, Øystein |
Sundveien 23 R NØTTERØY 3128 |
08/04/1968 |
Board member(s) |
|
Sørlie, Steinar |
Holtet 3 NEVLUNGHAVN 3296 |
19/11/1948 |
Board member(s) |
|
Treschow, Mille-Marie |
Brunlanesveien 201 LARVIK 3267 |
03/04/1954 |
Board member(s) |
|
Wiklund, Arne Harald |
Lønneveien 9 SANDEFJORD 3229 |
22/02/1955 |
Board member(s) |
|
Haakestad, Pål |
Kaupangstranda 5 LARVIK 3261 |
04/09/1960 |
Deputy board member/substitute |
|
Nyhagen, Ole Petter |
Storsteinveien 4 LARVIK 3261 |
21/09/1964 |
Deputy board member/substitute |
Signature
|
Signature |
Thor Lundh |
Procurement
No Procurement information available for the company
Auditors
|
Name |
Company Number |
Status |
Date |
|
KPMG AS |
935174627 |
Active |
03/07/2015 |
Other Company Officials
|
Name |
Address |
Date of Birth |
Function |
|
- |
- |
- |
- |
Shareholders
|
Shareholder Name |
Number of Shares |
Percentage Share |
|
MELA STEIN AS |
250000 |
50.00 |
|
Treschow-Fritzøe AS |
250000 |
50.00 |
Group Linkages
No Group Linkages information available for the company
Announcements
|
Date |
Announcement Type |
|
|
14/11/2017 |
CHANGE OF SIGNATURE |
|
|
14/11/2017 |
CHANGE OF BOARD OF DIRECTORS |
|
|
13/07/2017 |
CHANGE OF BOARD OF DIRECTORS |
|
|
13/07/2017 |
CHANGE OF SIGNATURE |
|
|
23/05/2017 |
APPROVED END OF YEAR REPORT AND ACCOUNTS |
|
|
31/08/2016 |
CHANGE OF SIGNATURE |
|
|
31/08/2016 |
CHANGE OF BOARD OF DIRECTORS |
|
|
14/04/2016 |
APPROVED END OF YEAR REPORT AND ACCOUNTS |
|
|
23/07/2015 |
CHANGE OF BOARD OF DIRECTORS |
|
|
03/07/2015 |
CHANGE OF AUDITOR |
|
|
23/04/2015 |
APPROVED END OF YEAR REPORT AND ACCOUNTS |
|
|
25/10/2014 |
CHANGE OF SIGNATURE |
|
|
25/10/2014 |
CHANGE OF BOARD OF DIRECTORS |
|
|
22/04/2014 |
APPROVED END OF YEAR REPORT AND ACCOUNTS |
|
|
30/01/2014 |
CHANGE OF BOARD OF DIRECTORS |
|
|
30/01/2014 |
CHANGE OF SIGNATURE |
|
|
30/10/2013 |
CHANGE OF BOARD OF DIRECTORS |
|
|
15/06/2013 |
CHANGE OF BOARD OF DIRECTORS |
|
|
30/04/2013 |
APPROVED END OF YEAR REPORT AND ACCOUNTS |
|
|
06/09/2012 |
CHANGE OF SIGNATURE |
|
|
Company Name |
Company Number |
Industry Code |
Address |
City |
Telephone |
Status |
|
LUNDHS AS AVD PRODUKSJON |
973140604 |
08.111 |
Nedre Fritzøegate 1 |
3255 LARVIK |
- |
Active |
|
LUNDHS AS AVD SALG |
974096293 |
46.739 |
Nedre Fritzøegate 1 |
3255 LARVIK |
33121164 |
Active |
Financials
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 |
No |
No |
No |
No |
No |
||||
|
Sales Revenue |
443 910 |
-19.46% |
551 166 |
11.77% |
493 105 |
24.31% |
396 660 |
6.39% |
372 837 |
|
Other operating income |
6 050 |
-18.24% |
7 400 |
9.89% |
6 734 |
31.76% |
5 111 |
0.39% |
5 091 |
|
Total Operating Income |
449 959 |
-19.44% |
558 566 |
11.75% |
499 838 |
24.41% |
401 771 |
6.31% |
377 928 |
|
Cost of stocks |
85 023 |
-31.48% |
124 086 |
-0.75% |
125 027 |
366.33% |
26 811 |
35.75% |
19 751 |
|
Change in stock of work in progress and finished goods |
0 |
0.00% |
0 |
100.00% |
-11 609 |
-214.84% |
10 109 |
-58.54% |
24 385 |
|
Change in work in progress |
-4 071 |
-148.61% |
8 374 |
172.13% |
-11 609 |
-214.84% |
10 109 |
-58.54% |
24 385 |
|
Wages & Salaries |
101 179 |
1.17% |
100 008 |
1.89% |
98 154 |
-2.46% |
100 634 |
5.69% |
95 217 |
|
Depreciation |
26 848 |
-9.36% |
29 621 |
7.57% |
27 537 |
-1.10% |
27 842 |
-21.64% |
35 530 |
|
Write down of tangible and intangible fixed assets |
- |
N/A |
- |
N/A |
- |
N/A |
- |
N/A |
- |
|
Other operating expenses |
166 236 |
-15.44% |
196 579 |
16.13% |
169 273 |
0.91% |
167 739 |
3.24% |
162 481 |
|
Total Operating Expenses |
375 215 |
-18.19% |
458 668 |
12.31% |
408 382 |
22.59% |
333 135 |
-1.25% |
337 365 |
|
Operating Profit |
74 744 |
-25.18% |
99 899 |
9.23% |
91 456 |
33.25% |
68 636 |
69.21% |
40 563 |
|
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 |
1 311 |
11.76% |
1 173 |
-6.76% |
1 258 |
-40.49% |
2 114 |
1.34% |
2 086 |
|
Other financial income |
0 |
-100.00% |
12 542 |
+ |
470 |
-76.80% |
2 026 |
+ |
35 |
|
Financial Income |
-3 937 |
-194.23% |
4 178 |
176.30% |
-5 476 |
-198.58% |
5 555 |
193.45% |
1 893 |
|
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 |
22 |
-24.14% |
29 |
-56.06% |
66 |
-84.43% |
424 |
300.00% |
106 |
|
Other financial expenses |
-1 364 |
-138.79% |
3 516 |
13.13% |
3 108 |
-33.33% |
4 662 |
-50.23% |
9 368 |
|
Other financial costs |
3 636 |
3.41% |
3 516 |
13.13% |
3 108 |
-33.33% |
4 662 |
-50.23% |
9 368 |
|
Financial Expenses |
3 658 |
3.19% |
3 545 |
11.69% |
3 174 |
-37.58% |
5 085 |
-46.32% |
9 473 |
|
Total\net financial items |
-7 595 |
- |
634 |
107.33% |
-8 650 |
- |
469 |
106.19% |
-7 580 |
|
Profit Before Tax |
67 150 |
-33.21% |
100 533 |
21.41% |
82 806 |
19.83% |
69 105 |
109.52% |
32 982 |
|
Tax |
23 079 |
-34.41% |
35 187 |
24.87% |
28 178 |
12.37% |
25 077 |
78.79% |
14 026 |
|
Profit After Tax |
44 071 |
-32.56% |
65 346 |
19.62% |
54 627 |
24.07% |
44 029 |
132.26% |
18 957 |
|
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 |
44 071 |
-32.56% |
65 346 |
19.62% |
54 627 |
24.07% |
44 029 |
132.26% |
18 957 |
|
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 |
4 071 |
-93.47% |
62 317 |
851.71% |
-8 290 |
N/A |
- |
N/A |
-55 816 |
|
Total transfers and allocations |
-44 071 |
-167.44% |
65 346 |
19.62% |
54 627 |
24.07% |
44 029 |
132.26% |
18 957 |
|
Company Name |
LUNDHS AS |
|
Company Number |
993071641 |
|
Currency |
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 |
No |
No |
No |
No |
No |
||||
|
Research and development |
- |
N/A |
- |
N/A |
- |
N/A |
- |
N/A |
- |
|
Concessions, patents, licences, trademarks and similar rights |
375 |
N/A |
- |
N/A |
- |
N/A |
- |
N/A |
- |
|
Deferred tax asset |
9 320 |
-29.21% |
13 166 |
-29.13% |
18 578 |
-17.80% |
22 600 |
-18.58% |
27 757 |
|
Goodwill/intangible assets |
25 282 |
-34.25% |
38 449 |
-29.64% |
54 646 |
-22.86% |
70 844 |
-19.16% |
87 636 |
|
Other intangible fixed assets |
- |
N/A |
- |
N/A |
- |
N/A |
- |
N/A |
- |
|
Intangible Assets |
34 977 |
-32.23% |
51 615 |
-29.51% |
73 224 |
-21.64% |
93 444 |
-19.02% |
115 393 |
|
Land & Buildings |
20 804 |
-6.73% |
22 304 |
10.54% |
20 177 |
-7.40% |
21 790 |
-7.43% |
23 540 |
|
Plant & Machinery |
- |
N/A |
72 934 |
2.02% |
71 489 |
45.80% |
49 031 |
N/A |
- |
|
Ships, rigs, aircraft, etc |
- |
N/A |
- |
N/A |
- |
N/A |
- |
N/A |
- |
|
Operating equipment, fixtures, fittings, tools, office machines,
etc. |
79 318 |
+ |
125 |
N/A |
- |
N/A |
- |
N/A |
31 286 |
|
Other operation factors |
- |
N/A |
- |
N/A |
- |
N/A |
- |
N/A |
- |
|
Total Tangible Assets |
100 122 |
4.99% |
95 363 |
4.03% |
91 665 |
29.43% |
70 822 |
29.18% |
54 826 |
|
Shares/investment in subsidiaries |
11 144 |
5.26% |
10 587 |
-4.62% |
11 100 |
3.71% |
10 703 |
-15.98% |
12 738 |
|
Investments in group companies |
- |
N/A |
- |
N/A |
- |
N/A |
- |
N/A |
- |
|
Investments in associated companies |
19 364 |
-37.15% |
30 812 |
-21.50% |
39 250 |
-15.90% |
46 671 |
N/A |
- |
|
Investments in shares and interests |
148 |
0.00% |
148 |
0.00% |
148 |
0.00% |
148 |
-1.33% |
150 |
|
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 |
52 548 |
-16.00% |
62 555 |
2.88% |
60 804 |
-10.70% |
68 090 |
187.82% |
23 657 |
|
Other fixed assets |
- |
N/A |
- |
N/A |
- |
N/A |
- |
N/A |
- |
|
TOTAL FIXED ASSETS |
187 648 |
-10.44% |
209 533 |
-7.16% |
225 694 |
-2.87% |
232 356 |
19.85% |
193 876 |
|
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 |
69 952 |
6.18% |
65 882 |
-11.28% |
74 256 |
18.53% |
62 647 |
-13.89% |
72 756 |
|
Inventories |
69 952 |
6.18% |
65 882 |
-11.28% |
74 256 |
18.53% |
62 647 |
-13.89% |
72 756 |
|
Trade Receivables |
103 817 |
-1.58% |
105 480 |
-10.41% |
117 736 |
24.40% |
94 645 |
17.98% |
80 222 |
|
Other Receivables |
21 892 |
4.20% |
21 009 |
103.87% |
10 305 |
-2.50% |
10 569 |
-1.86% |
10 769 |
|
Receivables to companies in the same group |
1 159 |
157.56% |
450 |
N/A |
- |
N/A |
59 |
55.26% |
38 |
|
Total receivable |
112 438 |
-1.78% |
114 475 |
-14.89% |
134 501 |
29.63% |
103 759 |
20.56% |
86 065 |
|
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 |
118 740 |
-7.90% |
128 924 |
18.83% |
108 492 |
88.92% |
57 427 |
-52.78% |
121 614 |
|
Total funds/bank/post |
118 740 |
-7.90% |
128 924 |
18.83% |
108 492 |
88.92% |
57 427 |
-52.78% |
121 614 |
|
Other current assets |
- |
N/A |
- |
N/A |
- |
N/A |
- |
N/A |
- |
|
TOTAL CURRENT ASSETS |
301 130 |
-2.64% |
309 280 |
-2.51% |
317 249 |
41.74% |
223 832 |
-20.18% |
280 435 |
|
TOTAL ASSETS |
488 778 |
-5.79% |
518 814 |
-4.44% |
542 942 |
19.02% |
456 188 |
-3.82% |
474 311 |
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 |
No |
No |
No |
No |
No |
||||
|
Share Capital |
50 000 |
0.00% |
50 000 |
0.00% |
50 000 |
0.00% |
50 000 |
0.00% |
50 000 |
|
Own shares (treasury stock) |
- |
N/A |
- |
N/A |
- |
N/A |
- |
N/A |
- |
|
Share Premium Reserve |
- |
N/A |
- |
N/A |
- |
N/A |
- |
N/A |
- |
|
Other paid-in capital |
- |
N/A |
- |
N/A |
- |
N/A |
- |
N/A |
- |
|
Total equity deposits |
50 000 |
0.00% |
50 000 |
0.00% |
50 000 |
0.00% |
50 000 |
0.00% |
50 000 |
|
Valuation reserve |
- |
N/A |
- |
N/A |
- |
N/A |
- |
N/A |
- |
|
Other equity |
293 460 |
-8.31% |
320 048 |
10.01% |
290 936 |
-2.27% |
297 681 |
10.97% |
268 249 |
|
Minority interests ( Groups ) |
- |
N/A |
- |
N/A |
- |
N/A |
- |
N/A |
- |
|
Total Retained Earnings |
293 460 |
-8.31% |
320 048 |
8.87% |
293 965 |
-4.49% |
307 794 |
11.77% |
275 382 |
|
Other Reserves |
- |
N/A |
- |
N/A |
- |
N/A |
- |
N/A |
- |
|
TOTAL EQUITY |
343 460 |
-7.19% |
370 048 |
7.58% |
343 965 |
-3.87% |
357 794 |
9.96% |
325 382 |
|
Long Term Pension Commitments |
0 |
0.00% |
0 |
-100.00% |
110 |
-75.98% |
458 |
-65.12% |
1 313 |
|
Deferred tax liabilities |
- |
N/A |
- |
N/A |
- |
N/A |
- |
N/A |
- |
|
Other provisions |
3 800 |
-5.00% |
4 000 |
-2.44% |
4 100 |
-2.38% |
4 200 |
2.44% |
4 100 |
|
Total provisions for liabilities and charges |
3 800 |
-5.00% |
4 000 |
-4.99% |
4 210 |
-9.62% |
4 658 |
-13.95% |
5 413 |
|
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 |
3 800 |
-5.00% |
4 000 |
-4.99% |
4 210 |
-9.62% |
4 658 |
-13.95% |
5 413 |
|
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 |
0 |
-100.00% |
1 154 |
|
Trade Creditors |
59 790 |
19.19% |
50 163 |
-36.97% |
79 583 |
118.91% |
36 355 |
1.85% |
35 695 |
|
Payable tax |
19 227 |
-35.41% |
29 766 |
23.33% |
24 136 |
21.19% |
19 916 |
91.72% |
10 388 |
|
Special government taxes |
8 594 |
-5.74% |
9 117 |
43.51% |
6 353 |
1.11% |
6 283 |
-0.93% |
6 342 |
|
Suggested dividend |
40 000 |
0.00% |
40 000 |
-42.86% |
70 000 |
N/A |
- |
N/A |
75 000 |
|
Short Term Liabilities to Group |
- |
N/A |
- |
N/A |
- |
N/A |
- |
N/A |
376 |
|
Other creditors |
- |
N/A |
- |
N/A |
- |
N/A |
- |
N/A |
- |
|
TOTAL CURRENT LIABILITIES |
141 518 |
-2.24% |
144 766 |
-25.67% |
194 768 |
107.78% |
93 736 |
-34.69% |
143 516 |
|
TOTAL LIABILITIES |
145 318 |
-2.32% |
148 766 |
-25.23% |
198 978 |
102.23% |
98 394 |
-33.93% |
148 929 |
|
Total liabilities and equity |
488 778 |
-5.79% |
518 814 |
-4.44% |
542 942 |
19.02% |
456 188 |
-3.82% |
474 311 |
|
Company Name |
LUNDHS AS |
|
Company Number |
993071641 |
|
Currency |
Miscellaneous
|
NOTE: All values displayed in 1000 |
|||||||||
|
Financial Year |
2016 |
2015 |
2014 |
2013 |
2012 |
||||
|
Total Exports |
442 809 |
-19.53% |
550 260 |
N/A |
- |
N/A |
- |
N/A |
- |
|
Working Capital |
159 612 |
-2.98% |
164 514 |
34.32% |
122 481 |
-5.85% |
130 096 |
-4.98% |
136 919 |
|
Net Worth |
308 483 |
-3.12% |
318 433 |
17.62% |
270 741 |
2.42% |
264 350 |
25.89% |
209 989 |
|
Capital Employed |
347 260 |
-7.16% |
374 048 |
7.43% |
348 175 |
-3.94% |
362 452 |
9.57% |
330 795 |
|
Man-labour year |
130 |
-2.99% |
134 |
-2.90% |
138 |
4.55% |
132 |
-0.75% |
133 |
|
Employees |
- |
N/A |
143 |
10.85% |
129 |
4.88% |
123 |
-11.51% |
139 |
|
General manager salary |
1 885 |
8.90% |
1 731 |
0.46% |
1 723 |
9.54% |
1 573 |
13.74% |
1 383 |
|
Auditor's remuneration |
325 |
22.64% |
265 |
-26.39% |
360 |
16.13% |
310 |
-20.51% |
390 |
Ratios
|
Financial Year |
2016 |
2015 |
2014 |
2013 |
2012 |
||||
|
Pre-Tax Profit Margin |
15.13 |
18.24 |
16.79 |
17.42 |
8.85 |
||||
|
Return on Capital Employed |
19.34 |
26.88 |
23.78 |
19.07 |
9.97 |
||||
|
Return on Total Assets Employed |
13.74 |
19.38 |
15.25 |
15.15 |
6.95 |
||||
|
Return on Net Assets Employed |
19.55 |
27.17 |
24.07 |
19.31 |
10.14 |
||||
|
Sales/Net Working Capital |
2.78 |
3.35 |
4.03 |
3.05 |
2.72 |
||||
|
Stock Turnover Ratio |
15.76 |
11.95 |
15.06 |
15.79 |
19.51 |
||||
|
Debtor Days |
85.36 |
69.85 |
87.15 |
87.09 |
78.54 |
||||
|
Creditor Days |
49.16 |
33.22 |
58.91 |
33.45 |
34.94 |
||||
|
Current Ratio |
2.13 |
2.14 |
1.63 |
2.39 |
1.95 |
||||
|
Liquidity Ratio/Acid Test |
1.63 |
1.68 |
1.25 |
1.72 |
1.45 |
||||
|
Current Debt Ratio |
0.41 |
0.39 |
0.57 |
0.26 |
0.44 |
||||
|
Solvency Ratio |
70.27 |
71.33 |
63.35 |
78.43 |
68.60 |
||||
|
Equity in Percentage |
85.60 |
91.45 |
84.12 |
121.43 |
97.05 |
||||
|
Total Debt Ratio |
0.42 |
0.40 |
0.58 |
0.28 |
0.46 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 64.85 |
|
|
1 |
INR 90.58 |
|
Euro |
1 |
INR 79.97 |
|
NOK |
1 |
INR 8.28 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
NIS |
|
|
|
|
Report Prepared
by : |
TRU |
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.