|
|
|
MIRA INFORM REPORT
|
Report No. : |
493996 |
|
Report Date : |
01.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
VATAN ENGROS AS |
|
|
|
|
Registered Office : |
Herslebs gate 6, 0561 OSLO |
|
|
|
|
Country : |
Norway |
|
|
|
|
Financials (as on) : |
2016 |
|
|
|
|
Date of Incorporation : |
24.10.2000 |
|
|
|
|
Com. Reg. No.: |
982524067 |
|
|
|
|
Legal Form : |
Limited company |
|
|
|
|
Line of Business : |
Wholesale of fruit and vegetables |
|
|
|
|
No. of Employees : |
2 422 |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
C |
|
Credit Rating |
Explanation |
Rating Comments |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow |
|
|
|
|
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.
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
name and address
|
Company
Name |
VATAN
ENGROS AS |
||
|
Company
Number |
982524067 |
||
|
Safe
Number |
NO00673416 |
||
|
Legal
Form |
Limited
company |
||
|
Status |
Active |
||
|
Address |
Herslebs
gate 6 |
||
|
City |
0561
OSLO |
||
|
Website
Address |
-
|
||
|
Telephone |
22375583 |
Register
Type |
Register
of Business Enterprises and VAT Register |
|
Share
Capital |
100
000 |
E-mail
Address |
-
|
|
Previous
Name |
- |
Fax
Number |
22370056 |
|
Name
Change Date |
- |
Currency |
NOK |
|
Registration
Date |
24/10/2000 |
Number
of Employees |
0 |
Key
Financials
|
Year to Date |
Sales Revenue |
Profit Before Tax |
Total Equity |
|
2016 |
84
008 |
-4
032 |
2
422 |
|
2015 |
100
608 |
2
615 |
6
311 |
|
2014 |
70
938 |
4
732 |
4
692 |
|
2013 |
63
734 |
2
689 |
2
827 |
|
2012 |
50
038 |
2
135 |
3
790 |
Industry
|
Main
Industry Code & Description |
46.310
Wholesale of fruit and vegetables |
|
Secondary
Industry Code & Description |
- |
|
Other
Industry Code & Description |
- |
|
Sector
Code |
710 |
Ultimate
Holding Company
|
Safe Number |
Company Name |
Country Flag |
Company Number |
|
- |
VATAN
HOLDING AS |
- |
Summary
|
Type |
Number |
Total
Amount |
|
Unsettled
ROP |
1 |
1
359 351 |
|
Partly
Settled ROP |
0 |
0 |
|
Voluntary
Pledge |
7 |
7
353 115 |
Voluntary
Pledge (Not Negative)
|
Type |
Date |
Source |
Ref
Nr |
Amount |
Creditor |
Status |
|
SECURITY
FOR UNPAID PURCHASE |
30/09/2016 |
Løsøreregisteret |
445753 |
353
506 |
SANTANDER
CONSUMER BANK AS |
- |
|
SECURITY
FOR UNPAID PURCHASE |
21/07/2016 |
Løsøreregisteret |
331041 |
343
506 |
SANTANDER
CONSUMER BANK AS |
- |
|
SECURITY
FOR UNPAID PURCHASE |
21/12/2015 |
Løsøreregisteret |
554499 |
320
363 |
SANTANDER
CONSUMER BANK AS |
- |
|
ENCUMBERED
MACHINERY AND PLANT |
31/08/2015 |
Løsøreregisteret |
373459 |
2
000 000 |
DNB
BANK ASA |
- |
|
ENCUMBERED
STOCK |
31/08/2015 |
Løsøreregisteret |
373458 |
2
000 000 |
DNB
BANK ASA |
- |
|
CONTRACT
OF FACTORING |
31/08/2015 |
Løsøreregisteret |
373460 |
2
000 000 |
DNB
BANK ASA |
- |
|
SECURITY
FOR UNPAID PURCHASE |
13/03/2015 |
Løsøreregisteret |
107985 |
335
740 |
SANTANDER
CONSUMER BANK AS |
- |
Remarks
of Payment (Negative)
|
Type |
Date |
Source |
Ref
Nr |
Amount |
Creditor |
Status |
|
DISTRAINT |
12/01/2018 |
Løsøreregisteret |
020087 |
1
359 351 |
SKATT
ØST |
- |
Event
History
|
Date |
Description |
|
25/11/2016 |
New
rating algorithm introduced |
|
|
Company Name |
Company Number |
Last Account Published |
Revenue |
|
|
1 |
VATAN HOLDING AS |
- |
31/12/2016 |
0 KNOK |
|
|
2 |
VATAN ENGROS AS |
- |
31/12/2016 |
84 008 KNOK |
|
|
VATAN DETALJ AS |
- |
31/12/2016 |
10 415 KNOK |
Current
Directors
|
Name |
Address |
Date
of Birth |
Function |
|
Ayhan,
Ramazan |
Edelgranveien
30 BEKKESTUA 1356 |
11/03/1947 |
General
manager/CEO |
|
Kuyu,
Yasar Hanim |
Edelgranveien
38 BEKKESTUA 1356 |
02/11/1966 |
Chairman
of the board |
|
Ayhan,
Osman |
Sørhalla
4 HASLUM 1344 |
25/05/1972 |
Board
member(s) |
|
Ayhan,
Ramazan |
Edelgranveien
30 BEKKESTUA 1356 |
11/03/1947 |
Board
member(s) |
|
Kuyu,
Seher |
Sørhalla
8 HASLUM 1344 |
11/08/1970 |
Board
member(s) |
Signature
|
Signature |
Styrets
leder alene. Daglig leder alene. |
Procurement
|
Individual
Procurement |
Yasar
Hanim Kuyu |
Auditors
|
Name |
Company
Number |
Status |
Date |
|
SYSTEMREVISJON
AS |
971178965 |
Active |
16/10/2008 |
Other
Company Officials
|
Name |
Address |
Date
of Birth |
Function |
|
EKONOR
AS |
Storgata
3 KRISTIANSUND N 6509 |
- |
Accountant |
Shareholders
|
Shareholder Name |
Number of Shares |
Percentage Share |
|
VATAN
HOLDING AS |
100 |
100.00 |
Group
Linkages
No
Group Linkages information available for the company
Announcements
|
Date |
Announcement
Type |
|
|
26/10/2017 |
APPROVED
END OF YEAR REPORT AND ACCOUNTS |
|
|
20/09/2016 |
APPROVED
END OF YEAR REPORT AND ACCOUNTS |
|
|
23/09/2015 |
APPROVED
END OF YEAR REPORT AND ACCOUNTS |
|
|
16/09/2014 |
APPROVED
END OF YEAR REPORT AND ACCOUNTS |
|
|
14/10/2013 |
APPROVED
END OF YEAR REPORT AND ACCOUNTS |
|
|
28/08/2012 |
APPROVED
END OF YEAR REPORT AND ACCOUNTS |
|
|
03/10/2011 |
APPROVED
END OF YEAR REPORT AND ACCOUNTS |
|
|
Company Name |
Company Number |
Safe Number |
Industry Code |
Address |
City |
Telephone |
Status |
|
VATAN
ENGROS AS |
982536030 |
NO00673882 |
46.310 |
Herslebs
gate 6 |
- |
22375583 |
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 |
Yes |
Yes |
Yes |
Yes |
No |
||||||||
|
Sales
Revenue |
84
008 |
-16.50%
|
100
608 |
41.83%
|
70
938 |
11.30%
|
63
734 |
27.37%
|
50
038 |
||||
|
Other
operating income |
141
|
35.58%
|
104
|
-51.40%
|
214
|
157.83%
|
83
|
84.44%
|
45
|
||||
|
Total
Operating Income |
84
149 |
-16.45%
|
100
712 |
41.54%
|
71
152 |
11.49%
|
63
817 |
27.42%
|
50
083 |
||||
|
Cost
of stocks |
72
698 |
2.94%
|
70
619 |
42.18%
|
49
668 |
-2.35%
|
50
861 |
23.39%
|
41
221 |
||||
|
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 |
7
049 |
-57.48%
|
16
578 |
103.39%
|
8
151 |
269.32%
|
2
207 |
100.00%
|
0
|
||||
|
Depreciation
|
1
011 |
124.17%
|
451
|
109.77%
|
215
|
6.97%
|
201
|
55.81%
|
129
|
||||
|
Write
down of tangible and intangible fixed assets |
-
|
N/A
|
-
|
N/A
|
-
|
N/A
|
-
|
N/A
|
-
|
||||
|
Other
operating expenses |
7
125 |
-29.73%
|
10
140 |
45.13%
|
6
987 |
-8.68%
|
7
651 |
15.24%
|
6
639 |
||||
|
Total
Operating Expenses |
87
882 |
-10.13%
|
97
788 |
50.39%
|
65
022 |
6.73%
|
60
921 |
26.95%
|
47
989 |
||||
|
Operating
Profit |
-3
733 |
-227.71%
|
2
923 |
-52.32%
|
6
130 |
111.60%
|
2
897 |
38.35%
|
2
094 |
||||
|
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 |
102
|
0.99%
|
101
|
4.12%
|
97
|
212.90%
|
31
|
-51.56%
|
64
|
||||
|
Other
financial income |
3
|
-50.00%
|
6
|
-80.65%
|
31
|
19.23%
|
26
|
-94.22%
|
450
|
||||
|
Financial
Income |
104
|
-1.89%
|
106
|
-17.83%
|
129
|
126.32%
|
57
|
-88.93%
|
515
|
||||
|
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 |
345
|
91.67%
|
180
|
32.35%
|
136
|
-41.13%
|
231
|
50.98%
|
153
|
||||
|
Other
financial expenses |
58
|
-75.21%
|
234
|
-83.17%
|
1
390 |
+
|
33
|
-89.72%
|
321
|
||||
|
Other
financial costs |
58
|
-75.21%
|
234
|
-83.17%
|
1
390 |
+
|
33
|
-89.72%
|
321
|
||||
|
Financial
Expenses |
403
|
-2.89%
|
415
|
-72.80%
|
1
526 |
478.03%
|
264
|
-44.19%
|
473
|
||||
|
Total\net
financial items |
-299
|
2.92%
|
-308
|
77.95%
|
-1
397 |
-571.63%
|
-208
|
-607.32%
|
41
|
||||
|
Profit
Before Tax |
-4
032 |
-254.19%
|
2
615 |
-44.74%
|
4
732 |
75.98%
|
2
689 |
25.95%
|
2
135 |
||||
|
Tax
|
-143
|
-120.31%
|
704
|
-51.75%
|
1
459 |
123.09%
|
654
|
+
|
54
|
||||
|
Profit
After Tax |
-3
889 |
-303.51%
|
1
911 |
-41.61%
|
3
273 |
60.84%
|
2
035 |
-2.26%
|
2
082 |
||||
|
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 |
-3
889 |
-303.51%
|
1
911 |
-41.61%
|
3
273 |
60.84%
|
2
035 |
-2.26%
|
2
082 |
||||
|
Dividends
|
-
|
N/A
|
-
|
N/A
|
-
|
N/A
|
-
|
N/A
|
-
|
||||
|
Group
contributions |
-
|
N/A
|
292
|
-79.26%
|
1
408 |
56.79%
|
898
|
527.97%
|
143
|
||||
|
Allocation
other equity/covering of previous uncovered loss |
-3
889 |
-340.21%
|
1
619 |
-13.19%
|
1
865 |
293.67%
|
-963
|
-149.69%
|
1
938 |
||||
|
Total
transfers and allocations |
-3
889 |
-303.51%
|
1
911 |
-41.61%
|
3
273 |
60.84%
|
2
035 |
-2.26%
|
2
082 |
||||
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 |
No |
||||
|
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 |
-
|
N/A
|
-
|
N/A
|
-
|
N/A
|
-
|
N/A
|
-
|
|
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. |
4
903 |
30.61%
|
3
754 |
509.42%
|
616
|
-16.30%
|
736
|
12.20%
|
656
|
|
Other
operation factors |
-
|
N/A
|
-
|
N/A
|
-
|
N/A
|
-
|
N/A
|
-
|
|
Total
Tangible Assets |
4
903 |
30.61%
|
3
754 |
509.42%
|
616
|
-16.30%
|
736
|
12.20%
|
656
|
|
Shares/investment
in subsidiaries |
-
|
N/A
|
-
|
N/A
|
-
|
N/A
|
-
|
N/A
|
-
|
|
Investments
in group companies |
-
|
N/A
|
-
|
N/A
|
-
|
N/A
|
-
|
N/A
|
-
|
|
Investments
in associated companies |
-
|
N/A
|
-
|
N/A
|
-
|
N/A
|
-
|
N/A
|
-
|
|
Investments
in shares and interests |
-
|
N/A
|
-
|
N/A
|
-
|
N/A
|
-
|
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 |
782
|
10.61%
|
707
|
100.00%
|
0
|
0.00%
|
0
|
0.00%
|
0
|
|
Other
fixed assets |
-
|
N/A
|
-
|
N/A
|
-
|
N/A
|
-
|
N/A
|
-
|
|
TOTAL
FIXED ASSETS |
5
685 |
27.44%
|
4
461 |
624.19%
|
616
|
-16.30%
|
736
|
12.20%
|
656
|
|
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 |
29
714 |
41.85%
|
20
948 |
38.02%
|
15
178 |
16.49%
|
13
030 |
-2.70%
|
13
392 |
|
Inventories
|
29
714 |
41.85%
|
20
948 |
38.02%
|
15
178 |
16.49%
|
13
030 |
-2.70%
|
13
392 |
|
Trade
Receivables |
5
050 |
-15.30%
|
5
962 |
14.24%
|
5
219 |
-26.46%
|
7
097 |
44.54%
|
4
910 |
|
Other
Receivables |
1
931 |
-28.16%
|
2
688 |
-3.93%
|
2
798 |
-46.36%
|
5
216 |
-19.42%
|
6
473 |
|
Receivables
to companies in the same group |
-
|
N/A
|
-
|
N/A
|
-
|
N/A
|
-
|
N/A
|
-
|
|
Total
receivable |
6
981 |
-19.29%
|
8
650 |
7.90%
|
8
017 |
-34.90%
|
12
314 |
8.18%
|
11
383 |
|
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 |
563
|
-59.26%
|
1
382 |
76.05%
|
785
|
138.60%
|
329
|
-16.71%
|
395
|
|
Total
funds/bank/post |
563
|
-59.26%
|
1
382 |
76.05%
|
785
|
138.60%
|
329
|
-16.71%
|
395
|
|
Other
current assets |
-
|
N/A
|
-
|
N/A
|
-
|
N/A
|
-
|
N/A
|
-
|
|
TOTAL
CURRENT ASSETS |
37
257 |
20.26%
|
30
981 |
29.20%
|
23
980 |
-6.59%
|
25
672 |
1.99%
|
25
170 |
|
TOTAL
ASSETS |
42
943 |
21.16%
|
35
442 |
44.10%
|
24
596 |
-6.87%
|
26
409 |
2.26%
|
25
826 |
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 |
No |
||||||||
|
Share
Capital |
100
|
0.00%
|
100
|
0.00%
|
100
|
0.00%
|
100
|
0.00%
|
100
|
||||
|
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 |
100
|
0.00%
|
100
|
0.00%
|
100
|
0.00%
|
100
|
0.00%
|
100
|
||||
|
Valuation
reserve |
-
|
N/A
|
-
|
N/A
|
-
|
N/A
|
-
|
N/A
|
-
|
||||
|
Other
equity |
2
322 |
-62.61%
|
6
211 |
35.26%
|
4
592 |
68.39%
|
2
727 |
-26.10%
|
3
690 |
||||
|
Minority
interests ( Groups ) |
-
|
N/A
|
-
|
N/A
|
-
|
N/A
|
-
|
N/A
|
-
|
||||
|
Total
Retained Earnings |
2
322 |
-62.61%
|
6
211 |
35.26%
|
4
592 |
68.39%
|
2
727 |
-26.10%
|
3
690 |
||||
|
Other
Reserves |
-
|
N/A
|
-
|
N/A
|
-
|
N/A
|
-
|
N/A
|
-
|
||||
|
TOTAL
EQUITY |
2
422 |
-61.62%
|
6
311 |
34.51%
|
4
692 |
65.97%
|
2
827 |
-25.41%
|
3
790 |
||||
|
Long
Term Pension Commitments |
-
|
N/A
|
-
|
N/A
|
-
|
N/A
|
-
|
N/A
|
-
|
||||
|
Deferred
tax liabilities |
-
|
N/A
|
143
|
N/A
|
-
|
N/A
|
-
|
N/A
|
-
|
||||
|
Other
provisions |
-
|
N/A
|
-
|
N/A
|
-
|
N/A
|
-
|
N/A
|
-
|
||||
|
Total
provisions for liabilities and charges |
0
|
-100.00%
|
143
|
100.00%
|
0
|
0.00%
|
0
|
0.00%
|
0
|
||||
|
Convertible
loans |
-
|
N/A
|
-
|
N/A
|
-
|
N/A
|
-
|
N/A
|
-
|
||||
|
Other
Long Term Loans |
-
|
N/A
|
-
|
N/A
|
-
|
N/A
|
-
|
N/A
|
-
|
||||
|
Long
Term Liabilities to Financial Institutions |
1
192 |
91.33%
|
623
|
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 |
5
908 |
62.13%
|
3
644 |
100.00%
|
0
|
0.00%
|
0
|
0.00%
|
0
|
||||
|
Total
other long-term liabilities |
7
100 |
66.35%
|
4
268 |
N/A
|
-
|
N/A
|
-
|
N/A
|
-
|
||||
|
TOTAL
LONG TERM LIABILITIES |
7
100 |
61.00%
|
4
410 |
100.00%
|
0
|
0.00%
|
0
|
0.00%
|
0
|
||||
|
Convertible
loan |
-
|
N/A
|
-
|
N/A
|
-
|
N/A
|
-
|
N/A
|
-
|
||||
|
Certificate
loan |
-
|
N/A
|
-
|
N/A
|
-
|
N/A
|
-
|
N/A
|
-
|
||||
|
Short
Term Liabilities to Financial Institutions |
1
560 |
2.09%
|
1
528 |
+
|
5
|
-99.03%
|
513
|
-0.19%
|
514
|
||||
|
Trade
Creditors |
27
600 |
105.13%
|
13
455 |
41.63%
|
9
500 |
-14.19%
|
11
071 |
-32.85%
|
16
488 |
||||
|
Payable
tax |
0
|
-100.00%
|
453
|
-51.71%
|
938
|
208.55%
|
304
|
N/A
|
-
|
||||
|
Special
government taxes |
358
|
-89.20%
|
3
315 |
15.46%
|
2
871 |
3.31%
|
2
779 |
739.58%
|
331
|
||||
|
Suggested
dividend |
-
|
N/A
|
-
|
N/A
|
-
|
N/A
|
2
100 |
N/A
|
-
|
||||
|
Short
Term Liabilities to Group |
2
825 |
0.00%
|
2
825 |
N/A
|
-
|
N/A
|
-
|
N/A
|
-
|
||||
|
Other
creditors |
-
|
N/A
|
-
|
N/A
|
-
|
N/A
|
-
|
N/A
|
-
|
||||
|
TOTAL
CURRENT LIABILITIES |
33
421 |
35.19%
|
24
721 |
24.19%
|
19
905 |
-15.59%
|
23
582 |
7.02%
|
22
036 |
||||
|
TOTAL
LIABILITIES |
40
521 |
39.10%
|
29
131 |
46.35%
|
19
905 |
-15.59%
|
23
582 |
7.02%
|
22
036 |
||||
|
Total
liabilities and equity |
42
943 |
21.16%
|
35
442 |
44.10%
|
24
596 |
-6.87%
|
26
409 |
2.26%
|
25
826 |
||||
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 |
3
836 |
-38.72%
|
6
260 |
53.62%
|
4
075 |
94.98%
|
2
090 |
-33.31%
|
3
134 |
|
Net
Worth |
2
422 |
-61.62%
|
6
311 |
34.51%
|
4
692 |
65.97%
|
2
827 |
-25.41%
|
3
790 |
|
Capital
Employed |
9
522 |
-11.18%
|
10
721 |
128.50%
|
4
692 |
65.97%
|
2
827 |
-25.41%
|
3
790 |
|
Man-labour
year |
16
|
-73.77%
|
61
|
177.27%
|
22
|
266.67%
|
6
|
N/A
|
-
|
|
Employees
|
-
|
N/A
|
-
|
N/A
|
-
|
N/A
|
-
|
N/A
|
-
|
|
General
manager salary |
-
|
N/A
|
0
|
N/A
|
-
|
N/A
|
0
|
0.00%
|
0
|
|
Auditor's
remuneration |
85
|
77.08%
|
48
|
-12.73%
|
55
|
7.84%
|
51
|
50.00%
|
34
|
Ratios
|
Financial
Year |
2016 |
2015 |
2014 |
2013 |
2012 |
||||
|
Pre-Tax
Profit Margin |
-4.80
|
2.60
|
6.67
|
4.22
|
4.27
|
||||
|
Return
on Capital Employed |
-42.34
|
24.39
|
100.85
|
95.12
|
56.33
|
||||
|
Return
on Total Assets Employed |
-9.39
|
7.38
|
19.24
|
10.18
|
8.27
|
||||
|
Return
on Net Assets Employed |
-166.47
|
41.44
|
100.85
|
95.12
|
56.33
|
||||
|
Sales/Net
Working Capital |
21.90
|
16.07
|
17.41
|
30.49
|
15.97
|
||||
|
Stock
Turnover Ratio |
35.37
|
20.82
|
21.40
|
20.44
|
26.76
|
||||
|
Debtor
Days |
21.94
|
21.63
|
26.85
|
40.64
|
35.82
|
||||
|
Creditor
Days |
119.92
|
48.81
|
48.88
|
63.40
|
120.27
|
||||
|
Current
Ratio |
1.11
|
1.25
|
1.20
|
1.09
|
1.14
|
||||
|
Liquidity
Ratio/Acid Test |
0.23
|
0.41
|
0.44
|
0.54
|
0.53
|
||||
|
Current
Debt Ratio |
13.80
|
3.92
|
4.24
|
8.34
|
5.81
|
||||
|
Solvency
Ratio |
5.64
|
17.81
|
19.08
|
10.70
|
14.68
|
||||
|
Equity
in Percentage |
5.74
|
18.17
|
19.08
|
10.71
|
14.68
|
||||
|
Total
Debt Ratio |
16.73
|
4.62
|
4.24
|
8.34
|
5.81
|
|
Date |
Remark |
|
31/12/2016 |
The
company's annual report was not submitted within the statutory time limit. |
|
Other
disclaimers |
|
|
31/12/2015 |
New
audit report after the previous report has been recalled. |
|
The
company's annual report was not submitted within the statutory time limit. |
|
|
31/12/2014 |
New
audit report after the previous report has been recalled. |
|
The
company's annual report was not submitted within the statutory time limit. |
|
|
31/12/2013 |
New
audit report after the previous report has been recalled. |
|
The
company's annual report was not submitted within the statutory time limit. |
|
|
Weaknesses
/ lack of documentation and internal controls. |
|
|
Illegal
loans/commissions to shareholders, senior management or employees |
|
|
31/12/2012 |
Other
disclaimers |
|
New
audit report after the previous report has been recalled. |
|
|
The
company's annual report was not submitted within the statutory time limit. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 64.10 |
|
|
1 |
INR 94.44 |
|
Euro |
1 |
INR 79.59 |
|
NOK |
1 |
INR 8.24 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
PRI |
|
|
|
|
Report Prepared
by : |
KET |
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.