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3decades

 

MIRA INFORM REPORT

 

 

Report No. :

517266

Report Date :

28.06.2018

 

IDENTIFICATION DETAILS

 

Name :

AS SPAR KJOP

 

 

Registered Office :

Kokstadflaten 30, 5257 Kokstad

 

 

Country :

Norway

 

 

Financials (as on) :

2016

 

 

Date of Incorporation :

19.02.1995

 

 

Com. Reg. No.:

952884840

 

 

Legal Form :

Limited Company

 

 

Line of Business :

Retail sale of clothing in specialised stores

 

 

No. of Employees :

638

 

 

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 :

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

(31.12.2017)

Current Rating

(01.04.2018)

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

AS SPAR KJØP

Company Number

952884840

Legal Form

Limited company

Status

Active

Address

Kokstadflaten 30

City

5257 KOKSTAD

Website Address

-

Telephone

55527070

Share Capital

400 000

Previous Name

-

Name Change Date

-

Registration Date

19/02/1995

Register Type

Register of Business Enterprises and VAT Register

E-mail Address

info@sparkjop.no

Fax Number

55527008

Currency

NOK

Number of Employees

638

 

 

Postal Address

 

ADDRESS

CITY

Postboks 7303

5020 BERGEN

 

 

Key Financials

 

YEAR TO DATE

SALES REVENUE

PROFIT BEFORE TAX

TOTAL EQUITY

2016

870 815

-37 254

400 686

2015

808 994

-63 691

398 277

2014

810 552

-51 815

404 231

2013

827 155

6 728

400 381

2012

841 637

16 540

395 909

 

 

Industry

 

Main Industry Code & Description

47.710 Retail sale of clothing in specialised stores

Secondary Industry Code & Description

47.912 Retail sale of textiles

Other Industry Code & Description

-

Sector Code

710

 

 

Ultimate Holding Company

 

SAFE NUMBER

COMPANY NAME

COUNTRY FLAG

COMPANY NUMBER

-

WEST COAST INVEST AS

-

 

 

Summary

 

Type

Number

Total Amount

Unsettled ROP

1

2 406

Partly Settled ROP

0

0

Voluntary Pledge

2

300 000 000

 

 

Voluntary Pledge

 

(Not Negative)

 

Type

Date

Source

Ref Nr

Amount

Creditor

Status

ENCUMBERED STOCK

13/06/2017

Løsøreregisteret

268299

150 000 000

NORDEA BANK AB (PUBL) FILIAL NORGE

-

ENCUMBERED MACHINERY AND PLANT

13/06/2017

Løsøreregisteret

268300

150 000 000

NORDEA BANK AB (PUBL) FILIAL NORGE

-

 

 

Remarks of Payment

 

(Negative)

Type

Date

Source

Ref Nr

Amount

Creditor

Status

DEBT COLLECTION

08/05/2018

Finans2 Kapital AS

574775

2 406

Siemens Financial Services

-

 

 

Event History

 

DATE

DESCRIPTION

24/07/2017

Limit change

24/07/2017

Rating change

25/11/2016

New rating algorithm introduced

 

Company Name

Company Number

Last Account Published

Revenue

1

WEST COAST INVEST AS

-

31/12/2016

0 KNOK

2

BGO BYGG AS

-

31/12/2016

0 KNOK

LØNNINGSHAUGEN-3 AS

-

31/12/2016

0 KNOK

VESTBY HANDEL AS

-

31/12/2016

0 KNOK

GJESDALBAKKEN 9 AS

-

31/12/2016

0 KNOK

KOKSTADFLATEN 32 AS

-

31/12/2016

0 KNOK

SKIEN HANDELSPARK AS

-

31/12/2016

0 KNOK

KOKSTAD HELSEPARK AS

-

31/12/2016

0 KNOK

LILLE ØVREGATE 18 AS

-

31/12/2016

0 KNOK

GJESDALBAKKEN 7 AS

-

31/12/2016

0 KNOK

AS SPARELAND CASH OG CARRY

-

31/12/2016

0 KNOK

AS SPAR KJØP

-

31/12/2016

870 815 KNOK

+ Indicates where branch(es) have been hidden in this version of the group structure, please refer to the online version of the report for the full group structure

 

 

Current Directors

 

Name

Address

Date of Birth

Function

Knudsen, Jeaneth Eide

Schweigårds Vei 1 G BERGEN 5063

23/07/1986

General manager/CEO

Knudsen, Iwan Eide

Hjellestadvegen 269 B HJELLESTAD 5259

07/04/1964

Chairman of the board

Harveland, Eirin Renate Johansen

Prost Ottesens Vei 20 SANDNES 4325

16/04/1972

Board member(s)

Håland, Linda Lund Sivertsen

Hamrevegen 2 KALANDSEIDET 5229

05/02/1967

Board member(s)

Knudsen, Jeaneth Eide

Schweigårds Vei 1 G BERGEN 5063

23/07/1986

Board member(s)

Knudsen, Thomas Strand

Holtaåsen 28 RÅDAL 5239

18/03/1984

Board member(s)

Knudsen, Tom Eide

Hjellestadvegen 269 A HJELLESTAD 5259

05/05/1959

Board member(s)

Vedvik, Dag Magne

Fanahammeren 24 G FANA 5244

01/03/1954

Board member(s)

Hustad, Trond Egil Fjesme

Stadionveien 42 KRISTIANSAND S 4632

26/12/1975

Deputy board member/substitute

Lindtner, Emil

Drangsneset 128 LYSEKLOSTER 5215

25/10/1990

Deputy board member/substitute

 

 

Signature

 

Signature

Daglig leder alene. 
Styrets leder alene. 

 

 

Procurement

 

Procurement

Iwan Eide Knudsen 
Daglig leder alene. 

 

 

Auditors

 

Name

Company Number

Status

Date

COLLEGIUM REVISJON AS

988782041

Active

24/05/2006

 

 

Other Company Officials

 

---

 

 

Shareholders

 

SHAREHOLDER NAME

NUMBER OF SHARES

PERCENTAGE SHARE

WEST COAST INVEST AS

1600

100.00

 

 

Group Linkages

 

No Group Linkages information available for the company

 

 

Announcements

 

Date

Announcement Type

01/12/2017

CHANGE OF DATE IN ARTICLES OF ASSOCIATON

01/12/2017

CHANGE OF GENERAL MANAGER

01/12/2017

CHANGE OF BOARD OF DIRECTORS

29/09/2017

CHANGE OF BOARD OF DIRECTORS

22/07/2017

APPROVED END OF YEAR REPORT AND ACCOUNTS

30/08/2016

APPROVED END OF YEAR REPORT AND ACCOUNTS

16/12/2015

CHANGE OF SIGNATURE

16/12/2015

CHANGE OF DATE IN ARTICLES OF ASSOCIATON

09/10/2015

CHANGE OF BOARD OF DIRECTORS

29/08/2015

APPROVED END OF YEAR REPORT AND ACCOUNTS

31/07/2014

APPROVED END OF YEAR REPORT AND ACCOUNTS

09/09/2013

APPROVED END OF YEAR REPORT AND ACCOUNTS

11/09/2012

CHANGE OF BOARD OF DIRECTORS

01/09/2012

APPROVED END OF YEAR REPORT AND ACCOUNTS

07/09/2011

APPROVED END OF YEAR REPORT AND ACCOUNTS

 

COMPANY NAME

COMPANY NUMBER

INDUSTRY CODE

ADDRESS

CITY

TELEPHONE

STATUS

SPAR KJØP AS AVD MJØNDALEN

977054850

47.710

Orkidehøgda 5

-

-

Active

SPAR KJØP AS AVD ÅLESUND

917534489

47.710

Digerneset

-

-

Active

SPAR KJØP AS AVD DROTNINGSVIK

973164392

47.710

Drotningsvikveien 132

-

-

Active

SPAR KJØP AS AVD BRYNE

973164317

47.710

Reevegen 13

-

-

Active

SPAR KJØP AS AVD NETTHANDEL/POSTORDRE

973164295

47.912

Kokstadflaten 30

5020 BERGEN

-

Active

SPAR KJØP AS AVD FØRDE

973164368

47.710

Kronborgvegen 3

-

-

Active

AS SPAR KJØP AVD HOMMELVIK

983718140

47.710

Sveberg

-

-

Active

SPAR KJØP AS AVD HOVEDKONTOR/BUTIKK KOKSTAD

814864022

47.710

Kokstadflaten 30

5020 BERGEN

-

Active

SPAR KJØP AS AVD BERGEN

973164309

47.710

Allehelgens gate 4

-

-

Active

SPAR KJØP AS AVD SKIEN

916920946

47.710

Kjørbekkdalen 4

-

-

Active

SPAR KJØP AS AVD SKI

882106152

00.000

Åsveien 11

-

-

Deleted

SPAR KJØP AS AVD SVINESUND

990051836

47.710

Svinesundparken 5

-

-

Active

SPAR KJØP AS AVD TROMSØ

999537448

47.710

Stormåsevegen 1

-

-

Active

SPAR KJØP AS AVD KRISTIANSUND

998299764

47.710

Rørgata 3

-

-

Active

SPAR KJØP AS AVD SANDNES

973164384

47.710

Gjesdalbakken 3

-

-

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

870 815

7.64%

808 994

-0.19%

810 552

-2.01%

827 155

-1.72%

841 637

 

Other operating income

6 134

7.71%

5 695

15.52%

4 930

237.90%

1 459

-14.38%

1 704

 

Total Operating Income

876 949

7.64%

814 689

-0.10%

815 481

-1.58%

828 613

-1.75%

843 342

 

Cost of stocks

488 381

10.59%

441 633

0.00%

441 623

8.38%

407 470

-8.25%

444 104

 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

174 441

0.71%

173 219

-0.20%

173 562

1.41%

171 156

7.39%

159 379

Depreciation

17 747

2.70%

17 281

14.46%

15 098

0.09%

15 084

17.83%

12 801

 Write down of tangible and intangible fixed assets

-

N/A

-

N/A

-

N/A

-

N/A

-

Other operating expenses

235 999

1.00%

233 671

0.68%

232 089

1.22%

229 301

7.32%

213 658

 Total Operating Expenses

916 568

5.86%

865 804

0.40%

862 371

4.78%

823 011

-0.84%

829 942

Operating Profit

-39 619

22.49%

-51 115

-9.01%

-46 890

-937.02%

5 602

-58.19%

13 400

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

607

N/A

-

N/A

-

N/A

-

Other interest income

-

N/A

-

N/A

-

N/A

-

N/A

-

Other financial income

15 705

423.85%

2 998

3.31%

2 902

-27.10%

3 981

-37.01%

6 320

Financial Income

16 652

378.37%

3 481

39.46%

2 496

-41.53%

4 269

-28.92%

6 006

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

96

N/A

-

N/A

-

N/A

-

Other interest expenses

-

N/A

-

N/A

-

N/A

-

N/A

-

 

Other financial expenses

14 286

-10.49%

15 961

115.08%

7 421

136.04%

3 144

17.40%

2 678

Other financial costs

14 286

-10.49%

15 961

115.08%

7 421

136.04%

3 144

9.70%

2 866

Financial Expenses

14 286

-11.03%

16 057

116.37%

7 421

136.04%

3 144

9.74%

2 865

Total\net financial items

2 365

118.81%

-12 576

-155.35%

-4 925

-537.78%

1 125

-64.18%

3 141

Profit Before Tax

-37 254

41.51%

-63 691

-22.92%

-51 815

-870.14%

6 728

-59.32%

16 540

Tax

-8 756

42.14%

-15 132

-8.49%

-13 948

-718.26%

2 256

-53.75%

4 878

Profit After Tax

-28 498

41.31%

-48 560

-28.24%

-37 867

-946.95%

4 471

-61.66%

11 662

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

-28 498

41.31%

-48 560

-28.24%

-37 867

-946.95%

4 471

-61.66%

11 662

Dividends

-

N/A

-

N/A

-

N/A

-

N/A

-

Group contributions

-30 907

27.46%

-42 606

N/A

-

N/A

-

N/A

0

Allocation other equity/covering of previous uncovered loss

2 409

140.46%

-5 954

84.28%

-37 867

-946.95%

4 471

-61.66%

11 662

 

Total transfers and allocations

-28 498

41.31%

-48 560

-28.24%

-37 867

-946.95%

4 471

-61.66%

11 662

 

 

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

10 291

-8.93%

11 300

9.02%

10 365

-12.51%

11 847

-16.00%

14 103

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

10 291

-8.93%

11 300

9.02%

10 365

-12.51%

11 847

-16.00%

14 103

Land & Buildings

-

N/A

-

N/A

-

N/A

-

N/A

0

Plant & Machinery

-

N/A

-

N/A

-

N/A

-

N/A

-

Ships, rigs, aircraft, etc

-

N/A

-

N/A

-

N/A

-

N/A

-

Operating equipment, fixtures, fittings, tools, office machines, etc.

72 454

4.39%

69 410

6.88%

64 940

11.70%

58 140

36.68%

42 537

Other operation factors

-

N/A

-

N/A

-

N/A

-

N/A

-

Total Tangible Assets

72 454

4.39%

69 410

6.88%

64 940

11.70%

58 140

36.68%

42 537

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

4 777

29.56%

3 687

-3.25%

3 811

-9.65%

4 218

7.33%

3 930

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

8 437

128.83%

3 687

-3.25%

3 811

-9.65%

4 218

7.33%

3 930

 

Other fixed assets

-

N/A

-

N/A

-

N/A

-

N/A

-

 

TOTAL FIXED ASSETS

91 182

8.04%

84 397

6.68%

79 116

6.62%

74 205

22.51%

60 570

 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

294 230

-7.36%

317 592

21.20%

262 048

-5.79%

278 151

22.61%

226 854

 

Inventories

294 230

-7.36%

317 592

21.20%

262 048

-5.79%

278 151

22.61%

226 854

Trade Receivables

6 148

-0.13%

6 156

23.54%

4 983

48.75%

3 350

100.72%

1 669

Other Receivables

3 660

-97.03%

123 083

94.32%

63 339

984.76%

5 839

-92.44%

77 281

Receivables to companies in the same group

-

N/A

-

N/A

-

N/A

-

N/A

-

Total receivable

271 524

110.09%

129 239

89.16%

68 322

643.52%

9 189

-88.36%

78 950

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

0

-100.00%

1 878

Other investments

-

N/A

-

N/A

-

N/A

-

N/A

-

 

Total Investments

0

0.00%

0

0.00%

0

0.00%

0

-100.00%

1 878

Cash & Bank Deposits

8 475

-91.41%

98 636

-6.45%

105 440

-24.32%

139 331

-6.68%

149 302

Total funds/bank/post

8 475

-91.41%

98 636

-6.45%

105 440

-24.32%

139 331

-6.68%

149 302

Other current assets

-

N/A

-

N/A

-

N/A

-

N/A

-

TOTAL CURRENT ASSETS

574 229

5.27%

545 466

25.16%

435 810

2.14%

426 671

-6.63%

456 983

 

TOTAL ASSETS

665 411

5.64%

629 863

22.32%

514 927

2.81%

500 876

-3.22%

517 553

 

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

400

0.00%

400

0.00%

400

0.00%

400

0.00%

400

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

115 230

36.65%

84 323

102.13%

41 717

N/A

-

N/A

-

Total equity deposits

115 630

36.48%

84 723

101.16%

42 117

+

400

0.00%

400

Valuation reserve

-

N/A

-

N/A

-

N/A

-

N/A

-

Other equity

285 056

-9.09%

313 554

-13.41%

362 113

-9.47%

399 981

1.13%

395 509

Minority interests ( Groups )

-

N/A

-

N/A

-

N/A

-

N/A

-

Total Retained Earnings

285 056

-9.09%

313 554

-13.41%

362 113

-9.47%

399 981

1.13%

395 509

Other Reserves

-

N/A

-

N/A

-

N/A

-

N/A

-

TOTAL EQUITY

400 686

0.60%

398 277

-1.47%

404 231

0.96%

400 381

1.13%

395 909

Long Term Pension Commitments

3 247

-3.91%

3 379

-13.29%

3 897

-8.86%

4 276

-15.02%

5 032

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

3 247

-3.91%

3 379

-13.29%

3 897

-8.86%

4 276

-15.02%

5 032

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

150 944

22.30%

123 422

100.00%

0

0.00%

0

0.00%

0

Total other long-term liabilities

-

N/A

-

N/A

-

N/A

-

N/A

-

TOTAL LONG TERM LIABILITIES

154 191

21.60%

126 801

+

3 897

-8.86%

4 276

-15.02%

5 032

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

54 554

-6.73%

58 492

-3.17%

60 407

16.21%

51 980

-13.64%

60 188

 Payable tax

0

-100.00%

5

N/A

-

N/A

0

-100.00%

3 952

 Special government taxes

38 564

27.27%

30 301

-0.53%

30 461

4.71%

29 092

10.64%

26 294

Suggested dividend

-

N/A

-

N/A

-

N/A

-

N/A

-

Short Term Liabilities to Group

-

N/A

-

N/A

-

N/A

-

N/A

-

Other creditors

-

N/A

-

N/A

-

N/A

-

N/A

-

TOTAL CURRENT LIABILITIES

110 535

5.49%

104 785

-1.89%

106 799

11.00%

96 219

-17.49%

116 611

TOTAL LIABILITIES

264 725

14.31%

231 586

109.21%

110 696

10.15%

100 495

-17.39%

121 643

Total liabilities and equity

665 411

5.64%

629 863

22.32%

514 927

2.81%

500 876

-3.22%

517 553

 

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

463 694

5.22%

440 681

33.94%

329 011

-0.44%

330 452

-2.91%

340 372

 Net Worth

390 395

0.88%

386 977

-1.75%

393 866

1.37%

388 534

1.76%

381 806

Capital Employed

554 877

5.68%

525 078

28.66%

408 128

0.86%

404 657

0.93%

400 941

Man-labour year

332

-9.78%

368

-4.66%

386

0.00%

386

5.46%

366

Employees

605

5.22%

575

2.86%

559

N/A

-

N/A

-

General manager salary

-

N/A

0

N/A

-

N/A

0

N/A

-

 Auditor's remuneration

128

-20.99%

162

32.79%

122

-17.01%

147

N/A

-

 

RATIOS

 

Financial Year

2016

2015

2014

2013

2012

 Pre-Tax Profit Margin

-4.28

-7.87

-6.39

0.81

1.97

 Return on Capital Employed

-6.71

-12.13

-12.70

1.66

4.13

 Return on Total Assets Employed

-5.60

-10.11

-10.06

1.34

3.20

 Return on Net Assets Employed

-9.30

-15.99

-12.82

1.68

4.18

 Sales/Net Working Capital

1.88

1.84

2.46

2.50

2.47

 Stock Turnover Ratio

33.79

39.26

32.33

33.63

26.95

 Debtor Days

2.58

2.78

2.24

1.48

0.72

 Creditor Days

22.87

26.39

27.20

22.94

26.10

 Current Ratio

5.19

5.21

4.08

4.43

3.92

 Liquidity Ratio/Acid Test

2.53

2.17

1.63

1.54

1.97

 Current Debt Ratio

0.28

0.26

0.26

0.24

0.29

 Solvency Ratio

60.22

63.23

78.50

79.94

76.50

 Equity in Percentage

61.96

64.77

80.73

82.58

79.26

 Total Debt Ratio

0.66

0.58

0.27

0.25

0.31

 

 

Auditor Remarks

 

No Auditor Remarks information available for the company

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

INR 68.52

UK Pound

1

INR 90.60

Euro

1

INR 79.86

NOK

1

INR 8.41

 

Note : Above are approximate rates obtained from sources believed to be correct

 

 

INFORMATION DETAILS

 

Analysis Done by :

VAR

 

 

Report Prepared by :

SUJ

                                                


 

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)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.