|
|
|
MIRA
INFORM REPORT
|
Report No. : |
495145 |
|
Report Date : |
05.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
FIRE FIGHTING SYSTEMS AS |
|
|
|
|
Formerly Known As : |
UNITOR FIFI SYSTEMS AS |
|
|
|
|
Registered Office : |
Tykkemyr 27, 1597 MOSS |
|
|
|
|
Country : |
Norway |
|
|
|
|
Financials (as on) : |
2016 |
|
|
|
|
Date of Incorporation : |
08.10.2001 |
|
|
|
|
Com. Reg. No.: |
883747062 |
|
|
|
|
Legal Form : |
Limited company |
|
|
|
|
Line of Business : |
Wholesale of machinery and equipment for
trade |
|
|
|
|
No. of Employees : |
20 |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A |
|
Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List
|
Country Name |
Previous Rating (30.09.2017) |
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. 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 |
FIRE FIGHTING SYSTEMS AS |
|
Company Number |
883747062 |
|
Legal Form |
Limited company |
|
Status |
Active |
|
Address |
Tykkemyr 27 |
|
City |
1597 MOSS |
|
Website Address |
|
|
Telephone |
69244990 |
|
Share Capital |
1 798 500 |
|
Previous Name |
UNITOR FIFI SYSTEMS AS |
|
Name Change Date |
09/10/2001 |
|
Registration Date |
08/10/2001 |
|
Register Type |
Register of Business
Enterprises and VAT Register |
|
E-mail Address |
|
|
Fax Number |
69244995 |
|
Currency |
NOK |
|
Number of Employees |
20 |
Key Financials
|
Year
to Date |
Sales
Revenue |
Profit
Before Tax |
Total
Equity |
|
2016 |
113 069 |
43 982 |
55 851 |
|
2015 |
129 305 |
-3 172 |
27 048 |
|
2014 |
164 109 |
18 225 |
38 240 |
|
2013 |
118 319 |
10 817 |
31 745 |
|
2012 |
104 032 |
5 556 |
31 196 |
Industry
|
Main Industry Code &
Description |
46.694 Wholesale of machinery
and equipment for trade |
|
Secondary Industry Code
& Description |
- |
|
Other Industry Code &
Description |
- |
|
Sector Code |
710 |
Ultimate Holding
Company
|
Company
Name |
Country
Flag |
Company
Number |
|
FIRE FIGHTING SYSTEMS AS |
- |
Summary
|
Type |
Number |
Total Amount |
|
Unsettled ROP |
0 |
0 |
|
Partly Settled ROP |
0 |
0 |
|
Voluntary Pledge |
5 |
52 500 000 |
Voluntary Pledge (Not
Negative)
|
Type |
Date |
Ref Nr |
Amount |
Creditor |
Status |
|
CONTRACT OF FACTORING |
30/01/2009 |
025985 |
21 500 000 |
DNB BANK ASA |
- |
|
ENCUMBERED MACHINERY AND
PLANT |
04/09/2008 |
263933 |
7 900 000 |
DNB BANK ASA |
- |
|
ENCUMBERED STOCK |
04/09/2008 |
263934 |
10 200 000 |
DNB BANK ASA |
- |
|
ENCUMBERED MACHINERY AND
PLANT |
16/06/2004 |
168367 |
7 600 000 |
DnB NOR Bank ASA |
- |
|
ENCUMBERED STOCK |
06/11/2003 |
312746 |
5 300 000 |
Den norske Bank ASA |
- |
Commentary
|
- |
Event History
|
Date |
Description |
|
25/11/2016 |
New rating algorithm
introduced |
|
04/01/2017 |
Limit change |
|
04/01/2017 |
Rating change |
|
26/04/2017 |
Limit change |
|
26/04/2017 |
Rating change |
|
|
Company Name |
Company Number |
Last Account Published |
Revenue |
|
|
1 |
FIRE FIGHTING SYSTEMS AS |
- |
31/12/2016 |
113 069 KNOK |
|
|
2 |
FIRE FIGHTING SYSTEMS SWEDEN
AB |
- |
- |
- |
|
|
FIRE FIGHTING SYSTEMS (FAR
EAST) PTD LTD |
- |
- |
- |
Current Directors
|
Name |
Address |
Date of Birth |
Function |
|
Sørlie, Trond Øyvind |
Sjøhagen 6 MOSS 1539 |
28/05/1976 |
General manager/CEO |
|
Aannestad, Truls Fredrik |
Glimmerveien 41 SON 1555 |
14/02/1951 |
Chairman of the board |
|
Geheb, Line |
Lyngnesveien 37 STAVANGER
4018 |
24/12/1963 |
Board member(s) |
|
Haug, Gunnar |
20 Science Park Road #02-26
Tele Tech Park |
09/09/1960 |
Board member(s) |
|
Karlsson, Mats Robert |
Grindstigen 4 18162 Lidingø |
21/12/1958 |
Board member(s) |
Signature
|
Signature |
Styrets leder alene. |
Procurement
|
Procurement |
Daglig leder alene. |
Auditors
|
Name |
Company Number |
Status |
Date |
|
BDO AS |
993606650 |
Active |
24/09/2013 |
Other Company Officials
|
Name |
Address |
Date of Birth |
Function |
|
- |
- |
- |
- |
Shareholders
|
Shareholder
Name |
Number
of Shares |
Percentage
Share |
|
CHIEF AS |
248 |
20.68 |
|
PÅL HOLST-RONESS |
195 |
16.26 |
|
TRULS FREDRIK AANNESTAD |
185 |
15.43 |
|
RICHARD SPJUDVIK |
148 |
12.34 |
|
OLE IVAR BERG |
120 |
10.01 |
|
DANNY TAN KIM TECK |
100 |
8.34 |
|
EGNE AKSJER |
92 |
7.67 |
|
KONG WEI LEE |
55 |
4.59 |
|
SØRLIE INVEST AS |
34 |
2.84 |
|
WELL AB |
22 |
1.83 |
Group Linkages
No Group Linkages information
available for the company
Announcements
|
Date |
Announcement Type |
|
|
20/02/2018 |
CHANGE OF SIGNATURE |
|
|
20/02/2018 |
CHANGE OF BOARD OF DIRECTORS |
|
|
15/02/2018 |
CHANGE OF GENERAL MANAGER |
|
|
24/04/2017 |
APPROVED END OF YEAR REPORT
AND ACCOUNTS |
|
|
28/03/2017 |
CHANGE OF BOARD OF DIRECTORS |
|
|
30/03/2016 |
APPROVED END OF YEAR REPORT
AND ACCOUNTS |
|
|
14/04/2015 |
APPROVED END OF YEAR REPORT
AND ACCOUNTS |
|
|
18/09/2014 |
CHANGE OF DATE IN ARTICLES
OF ASSOCIATON |
|
|
18/09/2014 |
CHANGE OF CAPITAL |
|
|
31/05/2014 |
APPROVED END OF YEAR REPORT
AND ACCOUNTS |
|
|
24/09/2013 |
CHANGE OF AUDITOR |
|
|
15/07/2013 |
APPROVED END OF YEAR REPORT
AND ACCOUNTS |
|
|
21/11/2012 |
CHANGE OF BOARD OF DIRECTORS |
|
|
19/07/2012 |
APPROVED END OF YEAR REPORT
AND ACCOUNTS |
|
|
Company
Name |
Company
Number |
Industry
Code |
Address |
City |
Telephone |
Status |
|
FIRE FIGHTING SYSTEMS AS |
980248577 |
46.694 |
Tykkemyr 27 |
- |
- |
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 |
Yes |
||||||
|
Sales Revenue |
113 069 |
-12.56% |
129 305 |
-21.21% |
164 109 |
38.70% |
118 319 |
13.73% |
104 032 |
||
|
Other operating income |
0 |
0.00% |
0 |
0.00% |
0 |
0.00% |
0 |
-100.00% |
277 |
||
|
Total Operating Income |
113 069 |
-12.56% |
129 305 |
-21.21% |
164 109 |
38.70% |
118 319 |
13.43% |
104 309 |
||
|
Cost of stocks |
85 413 |
-14.63% |
100 050 |
-27.04% |
137 132 |
53.43% |
89 378 |
13.78% |
78 550 |
||
|
Change in stock of work in
progress and finished goods |
0 |
0.00% |
0 |
0.00% |
0 |
0.00% |
0 |
-100.00% |
2 783 |
||
|
Change in work in progress |
0 |
0.00% |
0 |
0.00% |
0 |
0.00% |
0 |
-100.00% |
2 783 |
||
|
Wages & Salaries |
21 203 |
1.67% |
20 854 |
-3.09% |
21 520 |
11.76% |
19 256 |
42.93% |
13 472 |
||
|
Depreciation |
2 911 |
38.55% |
2 101 |
28.34% |
1 637 |
17.94% |
1 388 |
29.48% |
1 072 |
||
|
Write down of tangible and
intangible fixed assets |
- |
N/A |
- |
N/A |
- |
N/A |
- |
N/A |
- |
||
|
Other operating expenses |
692 |
-74.57% |
2 721 |
125.25% |
1 208 |
-80.55% |
6 210 |
-25.60% |
8 347 |
||
|
Total Operating Expenses |
110 218 |
-12.33% |
125 726 |
-22.15% |
161 497 |
38.94% |
116 233 |
10.57% |
105 118 |
||
|
Operating Profit |
2 851 |
-20.34% |
3 579 |
37.02% |
2 612 |
25.28% |
2 085 |
357.41% |
-810 |
||
|
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 |
7 |
N/A |
- |
||
|
Other interest income |
38 |
-81.55% |
206 |
-60.76% |
525 |
+ |
17 |
N/A |
- |
||
|
Other financial income |
0 |
0.00% |
0 |
-100.00% |
438 |
-82.71% |
2 533 |
-62.41% |
6 738 |
||
|
Financial Income |
41 899 |
243.27% |
12 206 |
-23.54% |
15 964 |
27.12% |
12 558 |
86.38% |
6 738 |
||
|
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 |
4 |
-55.56% |
9 |
0.00% |
9 |
104.04% |
-223 |
N/A |
- |
||
|
Other financial expenses |
764 |
-95.97% |
18 948 |
+ |
343 |
-91.53% |
4 048 |
988.17% |
372 |
||
|
Other financial costs |
764 |
-95.97% |
18 948 |
+ |
343 |
-91.53% |
4 048 |
988.17% |
372 |
||
|
Financial Expenses |
768 |
-95.95% |
18 957 |
+ |
351 |
-90.82% |
3 825 |
928.23% |
372 |
||
|
Total\net financial items |
41 131 |
709.26% |
-6 751 |
-143.24% |
15 613 |
78.80% |
8 732 |
37.17% |
6 366 |
||
|
Profit Before Tax |
43 982 |
+ |
-3 172 |
-117.40% |
18 225 |
68.48% |
10 817 |
94.69% |
5 556 |
||
|
Tax |
341 |
108.57% |
-3 981 |
-551.87% |
881 |
227.51% |
269 |
59.17% |
169 |
||
|
Profit After Tax |
43 641 |
+ |
808 |
-95.34% |
17 344 |
64.41% |
10 549 |
95.82% |
5 387 |
||
|
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 |
43 641 |
+ |
808 |
-95.34% |
17 344 |
64.41% |
10 549 |
95.82% |
5 387 |
||
|
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 |
43 641 |
489.93% |
-11 192 |
-577.47% |
2 344 |
326.96% |
549 |
41.86% |
387 |
||
|
Total transfers and
allocations |
43 641 |
+ |
808 |
-95.34% |
17 344 |
64.41% |
10 549 |
95.82% |
5 387 |
||
|
Company Name |
FIRE FIGHTING SYSTEMS AS |
|
Company Number |
883747062 |
|
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 |
Yes |
Yes |
Yes |
Yes |
Yes |
||||
|
Research and development |
- |
N/A |
- |
N/A |
- |
N/A |
- |
N/A |
- |
|
Concessions, patents,
licences, trademarks and similar rights |
884 |
-50.14% |
1 773 |
-32.74% |
2 636 |
-25.01% |
3 515 |
N/A |
- |
|
Deferred tax asset |
4 741 |
-6.71% |
5 082 |
361.58% |
1 101 |
26.41% |
871 |
57.22% |
554 |
|
Goodwill/intangible assets |
- |
N/A |
- |
N/A |
- |
N/A |
- |
N/A |
0 |
|
Other intangible fixed
assets |
- |
N/A |
- |
N/A |
- |
N/A |
- |
N/A |
- |
|
Intangible Assets |
5 625 |
-17.94% |
6 855 |
83.39% |
3 738 |
-14.79% |
4 387 |
691.88% |
554 |
|
Land & Buildings |
0 |
0.00% |
0 |
0.00% |
0 |
0.00% |
0 |
0.00% |
0 |
|
Plant & Machinery |
0 |
0.00% |
0 |
N/A |
- |
N/A |
- |
N/A |
0 |
|
Ships, rigs, aircraft, etc |
0 |
0.00% |
0 |
N/A |
- |
N/A |
- |
N/A |
- |
|
Operating equipment,
fixtures, fittings, tools, office machines, etc. |
6 982 |
72.22% |
4 054 |
51.10% |
2 683 |
5.55% |
2 542 |
-46.16% |
4 721 |
|
Other operation factors |
- |
N/A |
- |
N/A |
- |
N/A |
- |
N/A |
- |
|
Total Tangible Assets |
6 982 |
72.22% |
4 054 |
51.10% |
2 683 |
5.55% |
2 542 |
-46.16% |
4 721 |
|
Shares/investment in
subsidiaries |
8 019 |
0.00% |
8 019 |
0.00% |
8 019 |
0.00% |
8 019 |
0.00% |
8 019 |
|
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
|
11 179 |
-3.80% |
11 620 |
-4.52% |
12 170 |
51.76% |
8 019 |
0.00% |
8 019 |
|
Other fixed assets |
- |
N/A |
- |
N/A |
- |
N/A |
- |
N/A |
- |
|
TOTAL FIXED ASSETS |
23 786 |
5.58% |
22 528 |
21.18% |
18 591 |
24.37% |
14 948 |
12.44% |
13 294 |
|
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 |
17 046 |
-28.56% |
23 859 |
1.27% |
23 559 |
35.32% |
17 410 |
82.07% |
9 562 |
|
Inventories |
17 046 |
-28.56% |
23 859 |
1.27% |
23 559 |
35.32% |
17 410 |
82.07% |
9 562 |
|
Trade Receivables |
13 420 |
39.76% |
9 602 |
-65.76% |
28 041 |
-15.13% |
33 039 |
31.77% |
25 073 |
|
Other Receivables |
3 160 |
-12.25% |
3 601 |
-13.25% |
4 151 |
-72.71% |
15 210 |
100.00% |
0 |
|
Receivables to companies in
the same group |
- |
N/A |
- |
N/A |
- |
N/A |
- |
N/A |
- |
|
Total receivable |
18 621 |
18.09% |
15 769 |
-68.25% |
49 662 |
2.93% |
48 249 |
42.99% |
33 744 |
|
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% |
682 |
|
Other investments |
- |
N/A |
- |
N/A |
- |
N/A |
- |
N/A |
- |
|
Total Investments |
0 |
0.00% |
0 |
0.00% |
0 |
0.00% |
0 |
-100.00% |
682 |
|
Cash & Bank Deposits |
38 748 |
34.23% |
28 866 |
152.99% |
11 410 |
-23.34% |
14 884 |
-2.10% |
15 204 |
|
Total funds/bank/post |
38 748 |
34.23% |
28 866 |
152.99% |
11 410 |
-23.34% |
14 884 |
-2.10% |
15 204 |
|
Other current assets |
- |
N/A |
- |
N/A |
- |
N/A |
- |
N/A |
- |
|
TOTAL CURRENT ASSETS |
74 415 |
8.64% |
68 494 |
-19.07% |
84 630 |
5.07% |
80 543 |
36.07% |
59 192 |
|
TOTAL ASSETS |
98 201 |
7.89% |
91 022 |
-11.82% |
103 221 |
8.10% |
95 491 |
31.74% |
72 486 |
Equity And Liabilities
|
NOTE: All values displayed
in 1000 |
|||||||||||
|
Financial Year |
2016 |
2015 |
2014 |
2013 |
2012 |
||||||
|
Currency |
NOK |
NOK |
NOK |
NOK |
NOK |
||||||
|
Consolidated Accounts |
No |
No |
No |
No |
No |
||||||
|
Complete Accounts |
Yes |
Yes |
Yes |
Yes |
Yes |
||||||
|
Share Capital |
1 799 |
0.00% |
1 799 |
0.00% |
1 799 |
3.81% |
1 733 |
0.00% |
1 733 |
||
|
Own shares (treasury stock) |
-138 |
N/A |
- |
N/A |
- |
N/A |
- |
N/A |
- |
||
|
Share Premium Reserve |
4 573 |
0.00% |
4 573 |
0.00% |
4 573 |
837.09% |
488 |
0.00% |
488 |
||
|
Other paid-in capital |
- |
N/A |
- |
N/A |
- |
N/A |
- |
N/A |
- |
||
|
Total equity deposits |
6 233 |
-2.17% |
6 371 |
0.00% |
6 371 |
186.98% |
2 220 |
0.00% |
2 220 |
||
|
Valuation reserve |
- |
N/A |
- |
N/A |
- |
N/A |
- |
N/A |
- |
||
|
Other equity |
49 617 |
139.96% |
20 677 |
-35.12% |
31 868 |
7.94% |
29 525 |
1.89% |
28 976 |
||
|
Minority interests ( Groups
) |
- |
N/A |
- |
N/A |
- |
N/A |
- |
N/A |
- |
||
|
Total Retained Earnings |
49 617 |
139.96% |
20 677 |
-35.12% |
31 868 |
7.94% |
29 525 |
1.89% |
28 976 |
||
|
Other Reserves |
- |
N/A |
- |
N/A |
- |
N/A |
- |
N/A |
- |
||
|
TOTAL EQUITY |
55 851 |
106.49% |
27 048 |
-29.27% |
38 240 |
20.46% |
31 745 |
1.76% |
31 196 |
||
|
Long Term Pension
Commitments |
542 |
-15.18% |
639 |
38.91% |
460 |
-32.94% |
686 |
-2.42% |
703 |
||
|
Deferred tax liabilities |
- |
N/A |
- |
N/A |
- |
N/A |
- |
N/A |
0 |
||
|
Other provisions |
264 |
186.96% |
92 |
N/A |
- |
N/A |
- |
N/A |
- |
||
|
Total provisions for
liabilities and charges |
806 |
10.26% |
731 |
58.91% |
460 |
-32.94% |
686 |
-2.42% |
703 |
||
|
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 |
1 560 |
44.44% |
1 080 |
80.00% |
600 |
400.00% |
120 |
100.00% |
0 |
||
|
Total other long-term
liabilities |
- |
N/A |
- |
N/A |
- |
N/A |
- |
N/A |
- |
||
|
TOTAL LONG TERM LIABILITIES |
2 366 |
30.65% |
1 811 |
70.85% |
1 060 |
31.51% |
806 |
14.65% |
703 |
||
|
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 |
6 600 |
-26.15% |
8 937 |
-35.55% |
13 866 |
26.11% |
10 995 |
-40.09% |
18 352 |
||
|
Payable tax |
0 |
0.00% |
0 |
-100.00% |
1 111 |
89.59% |
586 |
163.96% |
222 |
||
|
Special government taxes |
2 285 |
2.84% |
2 222 |
26.39% |
1 758 |
11.55% |
1 576 |
25.68% |
1 254 |
||
|
Suggested dividend |
- |
N/A |
0 |
-100.00% |
15 000 |
50.00% |
10 000 |
100.00% |
5 000 |
||
|
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 |
39 985 |
-35.68% |
62 163 |
-2.75% |
63 922 |
1.56% |
62 940 |
55.07% |
40 587 |
||
|
TOTAL LIABILITIES |
42 350 |
-33.80% |
63 974 |
-1.55% |
64 982 |
1.94% |
63 746 |
54.39% |
41 290 |
||
|
Total liabilities and equity
|
98 201 |
7.89% |
91 022 |
-11.82% |
103 221 |
8.10% |
95 491 |
31.74% |
72 486 |
||
Miscellaneous
|
NOTE: All values displayed
in 1000 |
|||||||||
|
Financial Year |
2016 |
2015 |
2014 |
2013 |
2012 |
||||
|
Total Exports |
113 069 |
-12.56% |
129 305 |
68.53% |
76 726 |
N/A |
- |
N/A |
104 309 |
|
Working Capital |
34 430 |
443.83% |
6 331 |
-69.43% |
20 708 |
17.64% |
17 603 |
-5.39% |
18 605 |
|
Net Worth |
50 226 |
148.73% |
20 193 |
-41.47% |
34 502 |
26.11% |
27 358 |
-10.72% |
30 642 |
|
Capital Employed |
58 217 |
101.73% |
28 859 |
-26.57% |
39 300 |
20.73% |
32 551 |
2.04% |
31 899 |
|
Man-labour year |
22 |
10.00% |
20 |
5.26% |
19 |
5.56% |
18 |
5.88% |
17 |
|
Employees |
- |
N/A |
- |
N/A |
- |
N/A |
- |
N/A |
- |
|
General manager salary |
1 130 |
-6.69% |
1 211 |
N/A |
- |
N/A |
1 153 |
0.00% |
1 153 |
|
Auditor's remuneration |
280 |
0.00% |
280 |
-30.00% |
400 |
102.02% |
198 |
-14.66% |
232 |
Ratios
|
Financial Year |
2016 |
2015 |
2014 |
2013 |
2012 |
||||
|
Pre-Tax Profit Margin |
38.90 |
-2.45 |
11.11 |
9.14 |
5.34 |
||||
|
Return on Capital Employed |
75.55 |
-10.99 |
46.37 |
33.23 |
17.42 |
||||
|
Return on Total Assets
Employed |
44.79 |
-3.48 |
17.66 |
11.33 |
7.66 |
||||
|
Return on Net Assets
Employed |
78.75 |
-11.73 |
47.66 |
34.07 |
17.81 |
||||
|
Sales/Net Working Capital |
3.28 |
20.42 |
7.92 |
6.72 |
5.59 |
||||
|
Stock Turnover Ratio |
15.08 |
18.45 |
14.36 |
14.71 |
9.19 |
||||
|
Debtor Days |
43.32 |
27.10 |
62.37 |
101.92 |
87.97 |
||||
|
Creditor Days |
21.31 |
25.23 |
30.84 |
33.92 |
64.39 |
||||
|
Current Ratio |
1.86 |
1.10 |
1.32 |
1.28 |
1.46 |
||||
|
Liquidity Ratio/Acid Test |
1.43 |
0.72 |
0.96 |
1.00 |
1.22 |
||||
|
Current Debt Ratio |
0.72 |
2.30 |
1.67 |
1.98 |
1.30 |
||||
|
Solvency Ratio |
56.87 |
29.72 |
37.05 |
33.24 |
43.04 |
||||
|
Equity in Percentage |
68.62 |
37.28 |
43.80 |
38.21 |
48.81 |
||||
|
Total Debt Ratio |
0.76 |
2.37 |
1.70 |
2.01 |
1.32 |
No Auditor Remarks information
available for the company
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 65.23 |
|
|
1 |
INR 89.71 |
|
Euro |
1 |
INR 79.50 |
|
NOK |
1 |
INR 8.37 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
PRA |
|
|
|
|
Report Prepared
by : |
SYL |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
D |
High Risk |
Business dealing not recommended or on
secured terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
This score serves as a reference to assess
SC’s credit risk and to set the amount of credit to be extended. It is
calculated from a composite of weighted scores obtained from each of the major
sections of this report. The assessed factors are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.