|
|
|
MIRA INFORM REPORT
|
Report No. : |
486777 |
|
Report Date : |
19.01.2018 |
IDENTIFICATION DETAILS
|
Name : |
KONGSBERG NORCONTROL AS |
|
|
|
|
Formerly Known As : |
KONGSBERG NORCONTROL IT AS |
|
|
|
|
Registered Office : |
Bromsveien 17, 3183 Horten |
|
|
|
|
Country : |
Norway |
|
|
|
|
Financials (as on) : |
2016 |
|
|
|
|
Date of Incorporation : |
19.10.1998 |
|
|
|
|
Com. Reg. No.: |
980207285 |
|
|
|
|
Legal Form : |
Limited Company |
|
|
|
|
Line of Business : |
Manufacture of Instruments and Appliances for Measuring. |
|
|
|
|
No. of Employees : |
58 |
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 (30.06.2017) |
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
name and Summary
Company Name KONGSBERG
NORCONTROL AS
Company Status Active
|
Company
Name |
KONGSBERG
NORCONTROL AS |
|
Company
Number |
980207285 |
|
Legal
Form |
Limited
company |
|
Status |
Active |
|
Address |
Bromsveien
17 |
|
City |
3183
HORTEN |
|
Website
Address |
|
Telephone |
33084800 |
Register
Type |
Register
of Business Enterprises and VAT Register |
|
Share
Capital |
8
488 244 |
E-mail
Address |
|
|
Previous
Name |
KONGSBERG
NORCONTROL IT AS |
Fax
Number |
33045735 |
|
Name
Change Date |
09/05/2006 |
Currency |
NOK |
|
Registration
Date |
19/10/1998 |
Number
of Employees |
58 |
Postal
Address
|
Address |
City |
|
Postboks
1024 |
3194
HORTEN |
Key
Financials
|
Year to Date |
Sales Revenue |
Profit Before Tax |
Total Equity |
|
2016 |
139
577 |
-6
313 |
37
757 |
|
2015 |
135
553 |
4
992 |
30
030 |
|
2014 |
118
916 |
-38
094 |
23
687 |
|
2013 |
155
653 |
-12
447 |
57
222 |
|
2012 |
222
699 |
3
900 |
67
241 |
Industry
|
Main
Industry Code & Description |
26.510
Manufacture of instruments and appliances for measuring |
|
Secondary
Industry Code & Description |
- |
|
Other
Industry Code & Description |
- |
|
Sector
Code |
630 |
Ultimate
Holding Company
|
Company
Name |
Country
Flag |
Company
Number |
-- |
|
KONGSBERG
GRUPPEN ASA |
|
- |
-- |
|
32
companies in 10 countries. |
|||
Summary
|
Type |
Number |
Total
Amount |
|
Unsettled
ROP |
0 |
0 |
|
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 |
Source |
Ref
Nr |
Amount |
Creditor |
Status |
|
- |
- |
- |
- |
- |
- |
- |
Commentary
|
- |
Event
History
|
Date |
Description |
|
25/11/2016 |
New
rating algorithm introduced |
|
|
Company
Name |
Company
Number |
Last
Account Published |
Rating |
Limit |
Revenue |
|
|
|
KONGSBERG
GRUPPEN ASA |
-
|
31/12/2016
|
90
|
31
000 KNOK |
242
000 KNOK |
|
|
|
KONGSBERG
HOLDING AS |
-
|
31/12/2016
|
91
|
750
KNOK |
0
KNOK |
|
|
|
KONGSBERG
AEROSPACE AS |
-
|
31/12/2016
|
75
|
30
KNOK |
0
KNOK |
|
|
|
KONGSBERG
SPACE AS |
-
|
31/12/2016
|
75
|
30
KNOK |
0
KNOK |
|
|
|
KONGSBERG
DYNAMIC SYSTEMS AS |
-
|
31/12/2016
|
NR
|
-
|
0
KNOK |
|
|
|
KONGSBERG
TECHNOLOGY AS |
-
|
31/12/2016
|
NR
|
-
|
0
KNOK |
|
|
|
KONGSBERG
FORSVAR AS |
-
|
31/12/2016
|
75
|
30
KNOK |
0
KNOK |
|
|
|
KONGSBERG
DEFENCE SYSTEMS AS |
-
|
31/12/2016
|
68
|
20
KNOK |
0
KNOK |
|
|
|
KONGSBERG
NAVAL SYSTEMS AS |
-
|
31/12/2016
|
68
|
20
KNOK |
0
KNOK |
|
|
|
KONGSBERG
AIR DEFENCE SYSTEMS AS |
-
|
31/12/2016
|
NR
|
-
|
0
KNOK |
|
|
|
KONGSBERG
NEXT AS |
-
|
31/12/2016
|
92
|
3
350 KNOK |
0
KNOK |
|
|
|
KONGSBERG
RENEWABLES TECHNOLOGY AS |
-
|
31/12/2015
|
NR
|
-
|
1
181 KNOK |
|
|
|
KONGSBERG
EIENDOM HOLDING AS |
-
|
31/12/2016
|
71
|
1
500 KNOK |
0
KNOK |
|
|
|
KONGSBERG
NÆRINGSEIENDOM AS |
-
|
31/12/2016
|
87
|
1
500 KNOK |
55
383 KNOK |
|
|
|
KONGSBERG
NÆRINGSBYGG 11 AS |
-
|
31/12/2016
|
40
|
10
KNOK |
0
KNOK |
|
|
|
KONGSBERG
REAL ESTATE AS |
-
|
31/12/2016
|
40
|
10
KNOK |
0
KNOK |
|
|
|
KONGSBERG
TEKNOLOGIPARK AS |
-
|
31/12/2016
|
87
|
4
800 KNOK |
187
230 KNOK |
|
|
|
KONGSBERG
NÆRINGSPARKUTVIKLING AS |
-
|
31/12/2016
|
76
|
9
200 KNOK |
266
524 KNOK |
|
|
|
KONGSBERG
NÆRINGSBYGG 2 AS |
-
|
31/12/2016
|
82
|
1
600 KNOK |
23
579 KNOK |
|
|
|
KONGSBERG
NÆRINGSBYGG 3 AS |
-
|
31/12/2016
|
82
|
1
600 KNOK |
22
913 KNOK |
|
|
|
KONGSBERG
NÆRINGSBYGG 5 AS |
-
|
31/12/2016
|
81
|
1
500 KNOK |
15
235 KNOK |
|
|
|
KONGSBERG
NÆRINGSBYGG 6 AS |
-
|
31/12/2016
|
82
|
1
500 KNOK |
14
501 KNOK |
|
|
|
NERION
AS |
-
|
31/12/2016
|
78
|
265
KNOK |
196
KNOK |
|
|
|
KONGSBERG
BASETEC AS |
-
|
31/12/2016
|
77
|
1
500 KNOK |
0
KNOK |
|
|
|
KONGSBERG
DIGITAL AS |
-
|
31/12/2016
|
79
|
16
500 KNOK |
526
372 KNOK |
|
|
|
KONGSBERG
OIL & GAS TECHNOLOGIES AS |
-
|
31/12/2016
|
63
|
1
750 KNOK |
72
061 KNOK |
|
|
|
KONGSBERG
NEMOTECH AS |
-
|
31/12/2014
|
NR
|
-
|
51
452 KNOK |
|
|
|
HAVTROLL
AS |
-
|
31/12/2009
|
NR
|
-
|
22
251 KNOK |
|
|
|
HAVTROLL
TEKNIKK AS |
-
|
31/12/2009
|
NR
|
-
|
12
658 KNOK |
|
|
|
ADVALI
AS |
-
|
31/12/2012
|
NR
|
-
|
36
392 KNOK |
|
|
|
KONGSBERG
DRILLING MANAGEMENT |
-
|
31/12/2012
|
NR
|
-
|
36
799 KNOK |
|
|
|
NORSK
FORSVARSTEKNOLOGI AS |
-
|
31/12/2016
|
69
|
5
KNOK |
0
KNOK |
|
|
|
KONGSBERG
VÅPENFABRIKK AS |
-
|
31/12/2016
|
58
|
5
KNOK |
0
KNOK |
|
|
|
KONGSBERG
PROTECH AS |
-
|
31/12/2006
|
NR
|
-
|
1
023 975 KNOK |
|
|
|
KONGSBERG
ASSET MANAGEMENT AS |
-
|
30/11/2009
|
NR
|
-
|
0
KNOK |
|
|
|
KONGSBERG
DEFENCE & AEROSPACE AS |
-
|
31/12/2016
|
84
|
203
500 KNOK |
5
764 994 KNOK |
|
|
|
A/S
NAVTEK |
-
|
31/12/2006
|
NR
|
-
|
8
607 KNOK |
|
|
|
KONGSBERG
SPACETEC AS |
-
|
31/12/2016
|
88
|
5
650 KNOK |
81
982 KNOK |
|
|
|
KONGSBERG
NORCONTROL AS |
-
|
31/12/2016
|
78
|
4
550 KNOK |
139
577 KNOK |
|
|
|
APPLIED
RADAR PHYSICS AS |
-
|
31/12/2008
|
NR
|
-
|
7
622 KNOK |
|
|
|
KONGSBERG
DEFENCE |
-
|
31/12/2005
|
NR
|
-
|
562
866 KNOK |
|
|
|
KONGSBERG
NORSPACE AS |
-
|
31/12/2016
|
90
|
6
500 KNOK |
150
780 KNOK |
|
|
|
KONGSBERG
PROTECH-SYSTEMS AUSTRALIA PTY LTD. |
-
|
-
|
-
|
-
|
-
|
|
|
|
KONGSBERG
PROTECH SYSTEMS CANADA CORP |
-
|
-
|
-
|
-
|
-
|
|
|
|
KONGSBERG
DEFENCE SYSTEMS INC |
-
|
-
|
-
|
-
|
-
|
|
|
|
KONGSBERG
HUNGARIA KFT |
-
|
-
|
-
|
-
|
-
|
|
|
|
KONGSBERG
DEFENCE OY |
-
|
-
|
-
|
-
|
-
|
|
|
|
KONGSBERG
DEFENCE SP. Z.O.O |
-
|
-
|
-
|
-
|
-
|
|
|
|
KONGSBERG
DEFENCE LTD CO |
-
|
-
|
-
|
-
|
-
|
|
|
|
KONGSBERG
DEFENCE CHILE SPA |
-
|
-
|
-
|
-
|
-
|
|
|
|
KONGSBERG
INTEGRATED TACTICAL SYSTEMS INC |
-
|
-
|
-
|
-
|
-
|
|
|
|
KONGSBERG
GEOSPALIAL LTD |
-
|
-
|
-
|
-
|
-
|
|
|
|
KONGSBERG
PROTECH SYSTEMS USA CORP |
-
|
-
|
-
|
-
|
-
|
|
|
|
KONGSBERG
MARITIME AS |
-
|
31/12/2016
|
84
|
148
000 KNOK |
5
601 682 KNOK |
|
|
|
JOTRON
CONSULTAS AS |
-
|
31/12/2011
|
NR
|
-
|
11
176 KNOK |
|
|
|
SEAFLEX
AS |
-
|
31/12/2009
|
NR
|
-
|
106
236 KNOK |
|
|
|
METASYSTEMS
AS |
-
|
31/12/2008
|
NR
|
-
|
144
KNOK |
|
|
|
SIMRAD
AS |
-
|
31/12/2006
|
NR
|
-
|
146
707 KNOK |
|
|
|
KONGSBERG
SEATEX AS |
-
|
31/12/2016
|
75
|
16
000 KNOK |
427
503 KNOK |
|
|
|
VEHICLE
TRACKING AND INFORMATION |
-
|
31/12/2016
|
82
|
370
KNOK |
0
KNOK |
|
|
|
VETIS
AS |
-
|
-
|
-
|
-
|
-
|
|
|
|
LODIC
AS |
-
|
31/12/2012
|
NR
|
-
|
8
339 KNOK |
|
|
|
KONGSBERG
INTELLIFIELD AS |
-
|
31/12/2009
|
NR
|
-
|
117
061 KNOK |
|
|
|
SENSE
VISION AS |
-
|
31/12/2007
|
NR
|
-
|
19
226 KNOK |
|
|
|
KONGSBERG
SIM AS |
-
|
31/12/2009
|
NR
|
-
|
29
468 KNOK |
|
|
|
SENSE
INTELLIFIELD GMBH |
-
|
-
|
-
|
-
|
-
|
|
|
|
KONGSBERG
EVOTEC AS |
-
|
31/12/2016
|
84
|
3
150 KNOK |
174
118 KNOK |
|
|
|
KONGSBERG
MARITIME ENGINEERING AS |
-
|
31/12/2016
|
NR
|
-
|
304
428 KNOK |
|
|
|
PORTSIDE
AS |
-
|
31/12/2014
|
NR
|
-
|
3
662 KNOK |
|
|
|
KONGSBERG
MARITIME PANAMA |
-
|
-
|
-
|
-
|
-
|
|
|
|
SEATEX
LTD. |
-
|
-
|
-
|
-
|
-
|
|
|
|
KM
MALAYSIA |
-
|
-
|
-
|
-
|
-
|
|
|
|
SIMRAD
SPAIN SL |
-
|
-
|
-
|
-
|
-
|
|
|
|
KM
ROMA SRL |
-
|
-
|
-
|
-
|
-
|
|
|
|
KM
MEXICO S.A DE C.V |
-
|
-
|
-
|
-
|
-
|
|
|
|
KONGSBERG
MARITIME POLAND SP.Z.O.O. |
-
|
-
|
-
|
-
|
-
|
|
|
|
KONGSBERG
MARITIME SOUTH AFRICA |
-
|
-
|
-
|
-
|
-
|
|
|
|
KONGSBERG
OIL & GAS TECHNOLOGIES AB |
-
|
-
|
-
|
-
|
-
|
|
|
|
KONGSBERG
MARITIME HOLLAND BV |
-
|
-
|
-
|
-
|
-
|
|
|
|
SIMRAD
NORTH AMERICA INC. |
-
|
-
|
-
|
-
|
-
|
|
|
|
KONGSBERG
MARITIME INDIA PVT. LTD |
-
|
-
|
-
|
-
|
-
|
|
|
|
KM
CONTROS GMBH |
-
|
-
|
-
|
-
|
-
|
|
|
|
KONGSBERG
MARITIME MIDDLE EAST DMC |
-
|
-
|
-
|
-
|
-
|
|
|
|
KONGSBERG
MARITIME GMBH |
-
|
-
|
-
|
-
|
-
|
|
|
|
KONGSBERG
MARITIME HOLDING LTD. |
-
|
-
|
-
|
-
|
-
|
|
|
|
KM
GREECE AE |
-
|
-
|
-
|
-
|
-
|
|
|
|
KONGSBERG
MARITIME KOREA LTD. |
-
|
-
|
-
|
-
|
-
|
|
|
|
KM
AUSTRALIA PTY LTD |
-
|
-
|
-
|
-
|
-
|
|
|
|
KONGSBERG
MARITIME SRL |
-
|
-
|
-
|
-
|
-
|
|
|
|
KONGSBERG
MARITIME DO BRAZIL |
-
|
-
|
-
|
-
|
-
|
|
|
|
KONGSBERG
MARITIME EMBIENT GMBH |
-
|
-
|
-
|
-
|
-
|
|
|
|
AUTRONICA
AS |
-
|
11/12/2007
|
NR
|
-
|
0
KNOK |
|
|
|
KONGSBERG
MARITIME CHINA LTD |
-
|
-
|
-
|
-
|
-
|
|
|
|
KONSBERG
REINSURANCE LTD |
-
|
-
|
-
|
-
|
-
|
Current
Directors
|
Name |
Address |
Date of Birth |
Function |
|
Kristoffersen,
Per-Erik |
Stillausveien
6 A GRESSVIK 1621 |
31/05/1968 |
General
manager/CEO |
|
Hauglie-Hanssen,
Christian |
Grevlingåsen
21 ASKER 1386 |
11/10/1962 |
Chairman
of the board |
|
Dybdahl,
Trond Hugo |
Hornsruds
Vei 16 KONGSBERG 3612 |
21/03/1960 |
Deputy
chairman |
|
Gjersøe,
Amund Lorentz |
Thv
Bugges Gate 1 HORTEN 3188 |
06/06/1978 |
Board
member(s) |
|
Kaasa,
Tonje Aakre |
Tittuten
5 KONGSBERG 3612 |
28/03/1973 |
Deputy
board member/substitute |
|
Lie,
Bernt |
Olav
Trygvasons Gate 18 TØNSBERG 3125 |
16/09/1962 |
Deputy
board member/substitute |
|
Solberg,
Eivind |
Østengen
4 HORTEN 3186 |
02/07/1962 |
Deputy
board member/substitute |
Signature
|
Signature |
To
board members in common or the chairman of the board alone. |
Procurement
|
Procurement |
General
Manager. |
|
Joint
Procurement |
Espen
Kristian Garder |
Auditors
|
Name |
Company
Number |
Status |
Date |
|
ERNST
& YOUNG AS |
976389387 |
Active |
02/07/2003 |
Other
Company Officials
|
Name |
Address |
Date of Birth |
Function |
|
Vesterlund,
Lene |
Fjellveien
13 NØTTERØY 3121 |
19/09/1975 |
Observer |
Shareholders
|
Shareholder Name |
Number of Shares |
Percentage Share |
|
KONGSBERG
DEFENCE & AEROSPACE AS |
229412 |
100.00 |
Group
Linkages
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More
companies available, please refer to the company report |
Announcements
|
Date |
Announcement Type |
|
29/06/2017 |
CHANGE
OF BOARD OF DIRECTORS |
|
14/06/2017 |
APPROVED
END OF YEAR REPORT AND ACCOUNTS |
|
27/06/2016 |
CHANGE
IN BUSINESS NAME |
|
27/06/2016 |
CHANGE
OF DATE IN ARTICLES OF ASSOCIATON |
|
21/06/2016 |
APPROVED
END OF YEAR REPORT AND ACCOUNTS |
|
09/12/2015 |
CHANGE
OF BOARD OF DIRECTORS |
|
26/05/2015 |
APPROVED
END OF YEAR REPORT AND ACCOUNTS |
|
08/07/2014 |
APPROVED
END OF YEAR REPORT AND ACCOUNTS |
|
05/04/2014 |
CHANGE
OF GENERAL MANAGER |
|
09/01/2014 |
CHANGE
OF BOARD OF DIRECTORS |
|
09/01/2014 |
CHANGE
OF DATE IN ARTICLES OF ASSOCIATON |
|
28/08/2013 |
APPROVED
END OF YEAR REPORT AND ACCOUNTS |
|
10/05/2012 |
APPROVED
END OF YEAR REPORT AND ACCOUNTS |
|
Company Name |
Company Number |
Industry Code |
Address |
City |
Telephone |
Status |
|
KONGSBERG
NORCONTROL AS |
980223612 |
26.510 |
Bromsveien
17 |
3194
HORTEN |
33032000 |
Active |
FINANCIAL 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 |
139
577 |
2.97%
|
135
553 |
13.99%
|
118
916 |
-23.60%
|
155
653 |
-30.11%
|
222
699 |
|
|
Other
operating income |
0
|
0.00%
|
0
|
0.00%
|
0
|
0.00%
|
0
|
0.00%
|
0
|
|
|
Total
Operating Income |
139
577 |
2.97%
|
135
553 |
13.99%
|
118
916 |
-23.60%
|
155
653 |
-30.11%
|
222
699 |
|
|
Cost
of stocks |
60
359 |
7.76%
|
56
012 |
50.75%
|
37
156 |
-40.95%
|
62
925 |
-37.23%
|
100
246 |
|
|
Change
in stock of work in progress and finished goods |
0
|
0.00%
|
0
|
0.00%
|
0
|
0.00%
|
0
|
0.00%
|
0
|
|
|
Change
in work in progress |
0
|
0.00%
|
0
|
0.00%
|
0
|
0.00%
|
0
|
0.00%
|
0
|
|
|
Wages
& Salaries |
47
820 |
7.15%
|
44
627 |
-27.15%
|
61
262 |
14.90%
|
53
317 |
0.17%
|
53
228 |
|
|
Depreciation
|
4
451 |
-28.17%
|
6
197 |
-0.53%
|
6
230 |
2.08%
|
6
103 |
6.92%
|
5
708 |
|
|
Write
down of tangible and intangible fixed assets |
-
|
N/A
|
-
|
N/A
|
-
|
N/A
|
-
|
N/A
|
-
|
|
|
Other
operating expenses |
36
377 |
9.13%
|
33
335 |
-29.74%
|
47
448 |
1.91%
|
46
557 |
-21.35%
|
59
196 |
|
|
Total
Operating Expenses |
149
007 |
6.30%
|
140
171 |
-7.84%
|
152
096 |
-9.95%
|
168
902 |
-22.66%
|
218
377 |
|
|
Operating
Profit |
-9
430 |
-104.20%
|
-4
618 |
86.08%
|
-33
180 |
-150.43%
|
-13
249 |
-406.55%
|
4
322 |
|
|
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 |
1
131 |
41.02%
|
802
|
158.71%
|
310
|
100.00%
|
0
|
-100.00%
|
364
|
|
|
Other
interest income |
-
|
N/A
|
-
|
N/A
|
-
|
N/A
|
95
|
-59.92%
|
237
|
|
|
Other
financial income |
14
240 |
-11.85%
|
16
154 |
+
|
373
|
-72.55%
|
1
359 |
+
|
114
|
|
|
Financial
Income |
15
371 |
-9.35%
|
16
956 |
+
|
683
|
-53.03%
|
1
454 |
103.36%
|
715
|
|
|
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 |
6
192 |
49.78%
|
4
134 |
266.81%
|
1
127 |
235.42%
|
336
|
N/A
|
-
|
|
|
Other
interest expenses |
-
|
N/A
|
-
|
N/A
|
-
|
N/A
|
190
|
5.56%
|
180
|
|
|
Other
financial expenses |
4
753 |
47.98%
|
3
212 |
-28.14%
|
4
470 |
+
|
126
|
-86.85%
|
958
|
|
|
Other
financial costs |
6
062 |
88.73%
|
3
212 |
-28.14%
|
4
470 |
+
|
126
|
-86.85%
|
958
|
|
|
Financial
Expenses |
12
254 |
66.81%
|
7
346 |
31.25%
|
5
597 |
758.44%
|
652
|
-42.66%
|
1
137 |
|
|
Total\net
financial items |
3
117 |
-67.57%
|
9
610 |
295.56%
|
-4
914 |
-712.72%
|
802
|
290.05%
|
-422
|
|
|
Profit
Before Tax |
-6
313 |
-226.46%
|
4
992 |
113.10%
|
-38
094 |
-206.05%
|
-12
447 |
-419.15%
|
3
900 |
|
|
Tax
|
-3
375 |
-245.54%
|
2
319 |
121.95%
|
-10
567 |
-186.76%
|
-3
685 |
-305.87%
|
1
790 |
|
|
Profit
After Tax |
-2
938 |
-209.91%
|
2
673 |
109.71%
|
-27
527 |
-214.16%
|
-8
762 |
-515.26%
|
2
110 |
|
|
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 |
-2
938 |
-209.91%
|
2
673 |
109.71%
|
-27
527 |
-214.16%
|
-8
762 |
-515.26%
|
2
110 |
|
|
Dividends
|
-
|
N/A
|
-
|
N/A
|
-
|
N/A
|
-
|
N/A
|
-
|
|
|
Group
contributions |
-
|
N/A
|
0
|
100.00%
|
-4
149 |
N/A
|
-
|
N/A
|
-
|
|
|
Allocation
other equity/covering of previous uncovered loss |
-42
938 |
-
|
2
673 |
N/A
|
-
|
N/A
|
-8
763 |
-515.31%
|
2
110 |
|
|
Total
transfers and allocations |
-2
938 |
-209.91%
|
2
673 |
109.71%
|
-27
528 |
-214.14%
|
-8
763 |
-515.31%
|
2
110 |
|
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 |
0
|
-100.00%
|
3
693 |
-57.15%
|
8
618 |
-36.36%
|
13
542 |
-26.67%
|
18
467 |
|
Concessions,
patents, licences, trademarks and similar rights |
-
|
N/A
|
0
|
-100.00%
|
144
|
-49.83%
|
287
|
-33.41%
|
431
|
|
Deferred
tax asset |
12
624 |
-51.25%
|
25
894 |
-4.77%
|
27
190 |
57.64%
|
17
248 |
30.68%
|
13
199 |
|
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 |
12
624 |
-57.33%
|
29
587 |
-17.70%
|
35
952 |
15.69%
|
31
077 |
-3.18%
|
32
097 |
|
Land
& Buildings |
-
|
N/A
|
-
|
N/A
|
-
|
N/A
|
-
|
N/A
|
-
|
|
Plant
& Machinery |
1
677 |
-12.88%
|
1
925 |
-12.62%
|
2
203 |
398.42%
|
442
|
-3.49%
|
458
|
|
Ships,
rigs, aircraft, etc |
-
|
N/A
|
-
|
N/A
|
-
|
N/A
|
-
|
N/A
|
-
|
|
Operating
equipment, fixtures, fittings, tools, office machines, etc. |
909
|
7.96%
|
842
|
-45.82%
|
1
554 |
-64.48%
|
4
375 |
74.37%
|
2
509 |
|
Other
operation factors |
-
|
N/A
|
-
|
N/A
|
-
|
N/A
|
-
|
N/A
|
-
|
|
Total
Tangible Assets |
2
586 |
-6.54%
|
2
767 |
-26.35%
|
3
757 |
-22.01%
|
4
817 |
62.35%
|
2
967 |
|
Shares/investment
in subsidiaries |
4
025 |
-24.53%
|
5
333 |
0.00%
|
5
333 |
-5.38%
|
5
636 |
0.00%
|
5
636 |
|
Investments
in group companies |
-
|
N/A
|
-
|
N/A
|
-
|
N/A
|
-
|
N/A
|
-
|
|
Investments
in associated companies |
21
635 |
0.00%
|
21
635 |
0.00%
|
21
635 |
0.00%
|
21
635 |
0.00%
|
21
635 |
|
Investments
in shares and interests |
-
|
N/A
|
-
|
N/A
|
-
|
N/A
|
-
|
N/A
|
-
|
|
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 |
40
431 |
-8.98%
|
44
420 |
64.71%
|
26
968 |
-2.39%
|
27
627 |
-26.51%
|
37
595 |
|
Other
fixed assets |
-
|
N/A
|
-
|
N/A
|
-
|
N/A
|
-
|
N/A
|
-
|
|
TOTAL
FIXED ASSETS |
55
641 |
-27.53%
|
76
774 |
15.14%
|
66
677 |
4.97%
|
63
521 |
-12.58%
|
72
659 |
|
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 |
4
843 |
-39.64%
|
8
024 |
-7.93%
|
8
715 |
2.47%
|
8
505 |
-30.02%
|
12
153 |
|
Inventories
|
4
843 |
-39.64%
|
8
024 |
-7.93%
|
8
715 |
2.47%
|
8
505 |
-30.02%
|
12
153 |
|
Trade
Receivables |
29
385 |
-38.81%
|
48
025 |
-41.60%
|
82
234 |
47.71%
|
55
674 |
2.62%
|
54
252 |
|
Other
Receivables |
260
000 |
116.28%
|
120
212 |
100.00%
|
0
|
-100.00%
|
356
|
-96.55%
|
10
324 |
|
Receivables
to companies in the same group |
-
|
N/A
|
-
|
N/A
|
-
|
N/A
|
-
|
N/A
|
11
510 |
|
Total
receivable |
289
385 |
72.01%
|
168
237 |
61.16%
|
104
393 |
30.91%
|
79
746 |
10.28%
|
72
313 |
|
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
254 |
-86.30%
|
16
457 |
12.90%
|
14
576 |
176.95%
|
5
263 |
-75.32%
|
21
321 |
|
Total
funds/bank/post |
2
254 |
-86.30%
|
16
457 |
12.90%
|
14
576 |
176.95%
|
5
263 |
-75.32%
|
21
321 |
|
Other
current assets |
-
|
N/A
|
-
|
N/A
|
-
|
N/A
|
-
|
N/A
|
-
|
|
TOTAL
CURRENT ASSETS |
296
482 |
53.84%
|
192
718 |
50.93%
|
127
684 |
36.54%
|
93
514 |
-11.60%
|
105
788 |
|
TOTAL
ASSETS |
352
123 |
30.66%
|
269
492 |
38.66%
|
194
361 |
23.77%
|
157
035 |
-12.00%
|
178
447 |
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 |
8
488 |
0.00%
|
8
488 |
0.00%
|
8
488 |
0.00%
|
8
488 |
0.00%
|
8
488 |
|
|
Own
shares (treasury stock) |
-
|
N/A
|
-
|
N/A
|
-
|
N/A
|
-
|
N/A
|
-
|
|
|
Share
Premium Reserve |
12
476 |
0.00%
|
12
476 |
0.00%
|
12
476 |
0.00%
|
12
476 |
0.00%
|
12
476 |
|
|
Other
paid-in capital |
23
478 |
0.00%
|
23
478 |
1.10%
|
23
222 |
-50.20%
|
46
627 |
0.00%
|
46
627 |
|
|
Total
equity deposits |
44
442 |
0.00%
|
44
442 |
0.58%
|
44
186 |
-34.63%
|
67
591 |
0.00%
|
67
591 |
|
|
Valuation
reserve |
-
|
N/A
|
-
|
N/A
|
-
|
N/A
|
-
|
N/A
|
-
|
|
|
Other
equity |
-
|
N/A
|
-
|
N/A
|
-
|
N/A
|
-
|
N/A
|
0
|
|
|
Minority
interests ( Groups ) |
-
|
N/A
|
-
|
N/A
|
-
|
N/A
|
-
|
N/A
|
-
|
|
|
Total
Retained Earnings |
-6
685 |
53.62%
|
-14
412 |
29.69%
|
-20
499 |
-97.70%
|
-10
369 |
-
|
-350
|
|
|
Other
Reserves |
-
|
N/A
|
-
|
N/A
|
-
|
N/A
|
-
|
N/A
|
-
|
|
|
TOTAL
EQUITY |
37
757 |
25.73%
|
30
030 |
26.78%
|
23
687 |
-58.61%
|
57
222 |
-14.90%
|
67
241 |
|
|
Long
Term Pension Commitments |
6
131 |
49.39%
|
4
104 |
-67.91%
|
12
791 |
807.81%
|
1
409 |
100.00%
|
0
|
|
|
Deferred
tax liabilities |
-
|
N/A
|
0
|
-100.00%
|
212
|
N/A
|
-
|
N/A
|
-
|
|
|
Other
provisions |
233
317 |
N/A
|
-
|
N/A
|
-
|
N/A
|
-
|
N/A
|
-
|
|
|
Total
provisions for liabilities and charges |
239
448 |
+
|
4
104 |
-68.44%
|
13
003 |
822.85%
|
1
409 |
100.00%
|
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
|
193
317 |
77.36%
|
109
000 |
+
|
9
000 |
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
|
193
317 |
77.36%
|
109
000 |
+
|
9
000 |
N/A
|
-
|
|
|
TOTAL
LONG TERM LIABILITIES |
239
448 |
21.29%
|
197
421 |
61.82%
|
122
003 |
+
|
10
409 |
100.00%
|
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 |
1
956 |
100.00%
|
0
|
-100.00%
|
16
055 |
-63.78%
|
44
331 |
N/A
|
-
|
|
|
Trade
Creditors |
5
825 |
115.18%
|
2
707 |
-64.54%
|
7
633 |
7.96%
|
7
070 |
40.36%
|
5
037 |
|
|
Payable
tax |
0
|
-100.00%
|
581
|
-0.85%
|
586
|
273.37%
|
-338
|
-103.62%
|
9
332 |
|
|
Special
government taxes |
3
047 |
5.36%
|
2
892 |
-11.29%
|
3
260 |
-14.23%
|
3
801 |
16.24%
|
3
270 |
|
|
Suggested
dividend |
-
|
N/A
|
-
|
N/A
|
-
|
N/A
|
-
|
N/A
|
-
|
|
|
Short
Term Liabilities to Group |
-
|
N/A
|
-
|
N/A
|
-
|
N/A
|
-
|
N/A
|
13
094 |
|
|
Other
creditors |
-
|
N/A
|
-
|
N/A
|
-
|
N/A
|
-
|
N/A
|
-
|
|
|
TOTAL
CURRENT LIABILITIES |
74
918 |
78.20%
|
42
041 |
-13.62%
|
48
671 |
-45.56%
|
89
404 |
-19.61%
|
111
206 |
|
|
TOTAL
LIABILITIES |
314
366 |
31.28%
|
239
462 |
40.30%
|
170
674 |
70.99%
|
99
813 |
-10.24%
|
111
206 |
|
|
Total
liabilities and equity |
352
123 |
30.66%
|
269
492 |
38.66%
|
194
361 |
23.77%
|
157
035 |
-12.00%
|
178
447 |
|
MISCELLANEOUS
|
NOTE:
All values displayed in 1000 |
|||||||||
|
Financial
Year |
2016 |
2015 |
2014 |
2013 |
2012 |
||||
|
Total
Exports |
111
987 |
28.31%
|
87
281 |
90.36%
|
45
851 |
-58.73%
|
111
105 |
-28.38%
|
155
123 |
|
Working
Capital |
221
564 |
47.05%
|
150
677 |
90.70%
|
79
013 |
+
|
4
110 |
175.86%
|
-5
418 |
|
Net
Worth |
25
133 |
+
|
443
|
103.61%
|
-12
265 |
-146.91%
|
26
145 |
-25.61%
|
35
144 |
|
Capital
Employed |
277
205 |
21.87%
|
227
451 |
56.12%
|
145
690 |
115.42%
|
67
631 |
0.58%
|
67
241 |
|
Man-labour
year |
52
|
10.64%
|
47
|
-12.96%
|
54
|
8.00%
|
50
|
-20.63%
|
63
|
|
Employees
|
52
|
10.64%
|
47
|
-17.54%
|
57
|
7.55%
|
53
|
6.00%
|
50
|
|
General
manager salary |
1
539 |
3.92%
|
1
481 |
-58.64%
|
3
581 |
141.14%
|
1
485 |
-1.92%
|
1
514 |
|
Auditor's
remuneration |
253
|
-19.17%
|
313
|
3.64%
|
302
|
-3.51%
|
313
|
3.30%
|
303
|
RATIOS
|
Financial
Year |
2016 |
2015 |
2014 |
2013 |
2012 |
||||
|
Pre-Tax
Profit Margin |
-4.52
|
3.68
|
-32.03
|
-8.00
|
1.75
|
||||
|
Return
on Capital Employed |
-2.28
|
2.19
|
-26.15
|
-18.40
|
5.80
|
||||
|
Return
on Total Assets Employed |
-1.79
|
1.85
|
-19.60
|
-7.93
|
2.19
|
||||
|
Return
on Net Assets Employed |
-16.72
|
16.62
|
-160.82
|
-21.75
|
5.80
|
||||
|
Sales/Net
Working Capital |
0.63
|
0.90
|
1.51
|
37.87
|
-41.10
|
||||
|
Stock
Turnover Ratio |
3.47
|
5.92
|
7.33
|
5.46
|
5.46
|
||||
|
Debtor
Days |
76.84
|
129.32
|
252.41
|
130.55
|
88.92
|
||||
|
Creditor
Days |
15.23
|
7.29
|
23.43
|
16.58
|
8.26
|
||||
|
Current
Ratio |
3.96
|
4.58
|
2.62
|
1.05
|
0.95
|
||||
|
Liquidity
Ratio/Acid Test |
3.89
|
4.39
|
2.44
|
0.95
|
0.84
|
||||
|
Current
Debt Ratio |
1.98
|
1.40
|
2.05
|
1.56
|
1.65
|
||||
|
Solvency
Ratio |
10.72
|
11.14
|
12.19
|
36.44
|
37.68
|
||||
|
Equity
in Percentage |
12.62
|
15.36
|
18.02
|
58.19
|
61.83
|
||||
|
Total
Debt Ratio |
8.33
|
7.97
|
7.21
|
1.74
|
1.65
|
No
Auditor Remarks information available for the company
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 63.84 |
|
|
1 |
INR 88.28 |
|
Euro |
1 |
INR 77.88 |
|
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 : |
NIT |
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.