|
|
|
MIRA INFORM REPORT
|
Report No. : |
493267 |
|
Report Date : |
10.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
TEAMTEC AS |
|
|
|
|
Registered Office : |
Nyvei 41, 4900 Tvedestrand |
|
|
|
|
Country : |
Norway |
|
|
|
|
Financials (as on) : |
2016 |
|
|
|
|
Date of Incorporation : |
31.03.1995 |
|
|
|
|
Com. Reg. No.: |
974388472 |
|
|
|
|
Legal Form : |
Limited company |
|
|
|
|
Line of Business : |
Manufacture of ovens |
|
|
|
|
No. of Employees : |
79 |
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
name
Company Name TEAMTEC AS
Company
summary
|
Company
Name |
TEAMTEC
AS |
|
Company
Number |
974388472 |
|
Legal
Form |
Limited
company |
|
Status |
Active |
|
Address |
Nyvei
41 |
|
City |
4900
TVEDESTRAND |
|
Website
Address |
|
|
Telephone |
37199800 |
|
Share
Capital |
11 850
000 |
|
Previous
Name |
- |
|
Name
Change Date |
- |
|
Registration
Date |
31/03/1995 |
|
Register
Type |
Register
of Business Enterprises and VAT Register |
|
E-mail
Address |
|
|
Fax
Number |
37199890 |
|
Currency |
NOK |
|
Number
of Employees |
79 |
Postal Address
|
Address |
City |
|
Postboks
203 |
4902 TVEDESTRAND |
Key Financials
|
Year to Date |
Sales Revenue |
Profit Before Tax |
Total Equity |
|
2016 |
131 837 |
9 909 |
48 044 |
|
2015 |
175 348 |
22 602 |
52 264 |
|
2014 |
175 656 |
24 031 |
39 807 |
|
2013 |
146 261 |
7 593 |
36 923 |
|
2012 |
186 815 |
10 967 |
31 785 |
Industry
|
Main
Industry Code & Description |
28.210
Manufacture of ovens |
|
Secondary
Industry Code & Description |
- |
|
Other
Industry Code & Description |
- |
|
Sector
Code |
710 |
Ultimate Holding Company
|
Company Name |
Country Flag |
Company Number |
|
IMS
GROUP AS |
- |
Summary
|
Type |
Number |
Total
Amount |
|
Unsettled
ROP |
0 |
0 |
|
Partly
Settled ROP |
0 |
0 |
|
Voluntary
Pledge |
3 |
465 000
000 |
Voluntary
Pledge (Not Negative)
|
Type |
Date |
Ref Nr |
Amount |
Creditor |
Status |
|
ENCUMBERED
MACHINERY AND PLANT |
19/01/2015 |
020802 |
155 000
000 |
NORDEA
BANK NORGE ASA |
- |
|
ENCUMBERED
STOCK |
19/01/2015 |
020806 |
155 000
000 |
NORDEA
BANK NORGE ASA |
- |
|
CONTRACT
OF FACTORING |
19/01/2015 |
020803 |
155 000
000 |
NORDEA
BANK NORGE ASA |
- |
Commentary
|
- |
Event History
|
Date |
Description |
|
25/11/2016 |
New
rating algorithm introduced |
|
|
Company
Name |
Company
Number |
Last
Account Published |
Revenue |
|
|
1 |
IMS
GROUP AS |
- |
31/12/2016
|
0 KNOK |
|
|
2 |
Schoenrock
Hydraulik Marine Systems GmbH |
- |
31/12/2016
|
- |
|
|
IMS
ECUBES AS |
- |
31/12/2016
|
0 KNOK |
||
|
IMS
TECHNOLOGIES AS |
- |
31/12/2016
|
186 330
KNOK |
||
|
IMS
EIENDOM AS |
- |
31/12/2016
|
0 KNOK |
||
|
2 |
BAGGERØD
HOLDING AS |
- |
31/12/2016
|
0 KNOK |
|
|
3 |
BAGGERØD
AS |
- |
31/12/2016
|
134 527
KNOK |
|
|
2 |
TEAMTEC
INVEST AS |
- |
31/12/2016
|
0 KNOK |
|
|
3 |
TEAMTEC
AS |
- |
31/12/2016
|
131 837
KNOK |
|
|
TEAMTEC
EIENDOM AS |
- |
31/12/2016
|
0 KNOK |
||
|
IMS
TEAMTEC PTE LTD |
- |
- |
- |
Current Directors
|
Name |
Address |
Date of
Birth |
Function |
|
Voie,
Olav |
Aklandsveien
93 VEGÅRSHEI 4985 |
07/11/1960 |
General
manager/CEO |
|
Langseth,
Roy |
Akland
5 RISØR 4950 |
27/03/1971 |
Chairman
of the board |
|
Aasbø,
Torleif |
Gamle
Songevei 412 SONGE 4909 |
17/03/1967 |
Board
member(s) |
|
Kristensen,
John Moltke |
Østerkleiv
23 TVEDESTRAND 4900 |
21/07/1970 |
Board
member(s) |
|
Nilsen,
Baard |
Svaleveien
21 RISØR 4956 |
26/09/1971 |
Board
member(s) |
|
Nilsen,
Roland |
Hammeråker
3 RISØR 4950 |
20/02/1974 |
Board
member(s) |
|
Sørensen,
Audun |
Dalenveien
33 SALTRØD 4815 |
25/02/1970 |
Board
member(s) |
|
Thomas,
Vigdis |
Ola Dyrmyrs
Vei 5 TVEDESTRAND 4900 |
20/07/1973 |
Board
member(s) |
|
Ausland,
Ånon |
Auslandsveien
145 GJERSTAD 4980 |
18/06/1975 |
Deputy
board member/substitute |
|
Frydenberg,
Tina |
Skauveien
21 RISØR 4956 |
07/10/1982 |
Deputy
board member/substitute |
|
Gledje,
Espen |
Holtsveien
304 TVEDESTRAND 4900 |
16/12/1972 |
Deputy
board member/substitute |
|
Gledje,
Jan Erik |
Lilleholtveien
11 TVEDESTRAND 4900 |
26/06/1969 |
Deputy
board member/substitute |
|
Nilsen,
Kristoffer |
Svaleveien
23 RISØR 4956 |
29/05/1987 |
Deputy
board member/substitute |
|
Nilsen,
Øyvind |
Nøysomheten
10 RISØR 4950 |
27/08/1979 |
Deputy
board member/substitute |
Signature
|
Signature |
To
styremedlemmer i fellesskap. |
Procurement
|
Procurement |
Daglig
leder alene. |
Auditors
|
Name |
Company
Number |
Status |
Date |
|
RSM
NORGE AS |
982316588 |
Active |
01/11/2017 |
Other Company Officials
|
Name |
Address |
Date of
Birth |
Function |
|
- |
- |
- |
- |
Shareholders
|
Shareholder Name |
Number of Shares |
Percentage Share |
|
TEAMTEC
INVEST AS |
120000 |
100.00 |
Group
Linkages
No Group
Linkages information available for the company
Announcements
|
Date |
Announcement
Type |
|
|
01/11/2017 |
CHANGE
OF AUDITOR |
|
|
09/08/2017 |
CHANGE
OF BOARD OF DIRECTORS |
|
|
12/07/2017 |
APPROVED
END OF YEAR REPORT AND ACCOUNTS |
|
|
20/08/2016 |
APPROVED
END OF YEAR REPORT AND ACCOUNTS |
|
|
01/10/2015 |
CHANGE
OF BOARD OF DIRECTORS |
|
|
22/04/2015 |
APPROVED
END OF YEAR REPORT AND ACCOUNTS |
|
|
02/12/2014 |
Completion
of merger |
|
|
16/10/2014 |
Merger
decision |
|
|
16/07/2014 |
APPROVED
END OF YEAR REPORT AND ACCOUNTS |
|
|
26/08/2013 |
APPROVED
END OF YEAR REPORT AND ACCOUNTS |
|
|
29/04/2013 |
CHANGE
OF BOARD OF DIRECTORS |
|
|
02/02/2013 |
CHANGE
OF BOARD OF DIRECTORS |
|
|
16/06/2012 |
APPROVED
END OF YEAR REPORT AND ACCOUNTS |
|
|
19/11/2011 |
CHANGE
OF BOARD OF DIRECTORS |
|
|
Company Name |
Company Number |
Industry Code |
Address |
City |
Telephone |
Status |
|
TEAMTEC
AS AVD DRAMMEN |
920541062 |
28.210 |
Hans
Kiærs gate 1D |
4902
TVEDESTRAND |
- |
Active |
|
TEAMTEC
AS AVD AKLAND |
985713391 |
28.210 |
Molandsveien
4 |
4902
TVEDESTRAND |
- |
Active |
|
TEAMTEC
AS AVD TVEDESTRAND |
972031844 |
28.210 |
Nyvei
41 |
4902
TVEDESTRAND |
37199800 |
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 |
131 837
|
-24.81%
|
175 348
|
-0.18% |
175 656
|
20.10% |
146 261
|
-21.71%
|
186 815
|
||||||||
|
Other
operating income |
41 |
64.00% |
25 |
-66.22%
|
74 |
-84.90%
|
490 |
-68.39%
|
1 550 |
||||||||
|
Total
Operating Income |
131 878
|
-24.80%
|
175 372
|
-0.20% |
175 730
|
19.75% |
146 751
|
-22.09%
|
188 364
|
||||||||
|
Cost of
stocks |
58 196 |
-27.81%
|
80 610 |
4.57% |
77 088 |
34.80% |
57 185 |
-38.41%
|
92 851 |
||||||||
|
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 |
39 380 |
-15.64%
|
46 683 |
-2.07% |
47 672 |
-11.18%
|
53 672 |
2.85% |
52 183 |
||||||||
|
Depreciation
|
2 514 |
15.85% |
2 170 |
-19.63%
|
2 700 |
1.85% |
2 651 |
2.32% |
2 591 |
||||||||
|
Write down
of tangible and intangible fixed assets |
- |
N/A |
- |
N/A |
- |
N/A |
- |
N/A |
- |
||||||||
|
Other
operating expenses |
21 654 |
-7.81% |
23 488 |
-7.42% |
25 370 |
-2.72% |
26 079 |
-10.89%
|
29 265 |
||||||||
|
Total Operating
Expenses |
121 744
|
-20.40%
|
152 951
|
0.08% |
152 829
|
9.49% |
139 587
|
-21.09%
|
176 891
|
||||||||
|
Operating
Profit |
10 134 |
-54.80%
|
22 421 |
-2.10% |
22 901 |
219.67%
|
7 164 |
-37.56%
|
11 474 |
||||||||
|
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 |
- |
N/A |
- |
N/A |
2 680 |
N/A |
- |
N/A |
- |
||||||||
|
Other
financial income |
2 821 |
291.26%
|
721 |
N/A |
- |
N/A |
1 097 |
219.83%
|
343 |
||||||||
|
Financial
Income |
2 821 |
291.26%
|
721 |
-73.10%
|
2 680 |
144.30%
|
1 097 |
219.83%
|
343 |
||||||||
|
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 |
- |
N/A |
- |
N/A |
1 550 |
N/A |
- |
N/A |
- |
||||||||
|
Other
financial expenses |
3 045 |
463.89%
|
540 |
N/A |
- |
N/A |
668 |
-21.41%
|
850 |
||||||||
|
Other
financial costs |
3 045 |
463.89%
|
540 |
100.00%
|
0 |
-100.00%
|
668 |
-21.41%
|
850 |
||||||||
|
Financial
Expenses |
3 045 |
463.89%
|
540 |
-65.16%
|
1 550 |
132.04%
|
668 |
-21.41%
|
850 |
||||||||
|
Total\net
financial items |
-225 |
-224.31%
|
181 |
-83.98%
|
1 130 |
163.40%
|
429 |
184.62%
|
-507 |
||||||||
|
Profit
Before Tax |
9 909 |
-56.16%
|
22 602 |
-5.95% |
24 031 |
216.49%
|
7 593 |
-30.77%
|
10 967 |
||||||||
|
Tax |
2 293 |
-62.97%
|
6 192 |
-3.76% |
6 434 |
193.92%
|
2 189 |
-29.48%
|
3 104 |
||||||||
|
Profit After
Tax |
7 616 |
-53.59%
|
16 410 |
-6.74% |
17 596 |
225.61%
|
5 404 |
-31.27%
|
7 863 |
||||||||
|
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 |
7 616 |
-53.59%
|
16 410 |
-6.74% |
17 596 |
225.61%
|
5 404 |
-31.27%
|
7 863 |
||||||||
|
Dividends
|
- |
N/A |
- |
N/A |
- |
N/A |
- |
N/A |
- |
||||||||
|
Group
contributions |
27 |
107.69%
|
13 |
-88.50%
|
113 |
-57.36%
|
265 |
-55.16%
|
591 |
||||||||
|
Allocation
other equity/covering of previous uncovered loss |
-4 220 |
-152.38%
|
8 057 |
179.47%
|
2 883 |
-43.90%
|
5 139 |
N/A |
- |
||||||||
|
Total
transfers and allocations |
7 616 |
-53.59%
|
16 410 |
-6.74% |
17 596 |
225.61%
|
5 404 |
-31.27%
|
7 863 |
||||||||
|
Company
Name |
TEAMTEC
AS |
|
Company
Number |
974388472
|
|
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 |
11 012 |
218.36%
|
3 459 |
N/A |
- |
N/A |
- |
N/A |
- |
|
Concessions,
patents, licences, trademarks and similar rights |
- |
N/A |
- |
N/A |
- |
N/A |
- |
N/A |
- |
|
Deferred
tax asset |
830 |
-24.61%
|
1 101 |
17.25% |
939 |
51.70% |
619 |
N/A |
- |
|
Goodwill/intangible
assets |
96 |
-11.11%
|
108 |
-10.00%
|
120 |
N/A |
- |
N/A |
- |
|
Other
intangible fixed assets |
- |
N/A |
- |
N/A |
- |
N/A |
- |
N/A |
- |
|
Intangible
Assets |
11 938 |
155.74%
|
4 668 |
340.79%
|
1 059 |
71.08% |
619 |
100.00%
|
0 |
|
Land
& Buildings |
- |
N/A |
- |
N/A |
- |
N/A |
- |
N/A |
- |
|
Plant
& Machinery |
1 788 |
204.08%
|
588 |
-31.47%
|
858 |
76.54% |
486 |
-34.50%
|
742 |
|
Ships,
rigs, aircraft, etc |
- |
N/A |
- |
N/A |
- |
N/A |
- |
N/A |
- |
|
Operating
equipment, fixtures, fittings, tools, office machines, etc. |
2 298 |
-16.35%
|
2 747 |
-34.49%
|
4 193 |
-16.82%
|
5 041 |
-23.48%
|
6 588 |
|
Other
operation factors |
- |
N/A |
- |
N/A |
- |
N/A |
- |
N/A |
- |
|
Total
Tangible Assets |
4 086 |
22.52% |
3 335 |
-33.97%
|
5 051 |
-8.61% |
5 527 |
-24.61%
|
7 331 |
|
Shares/investment
in subsidiaries |
455 |
-54.32%
|
996 |
0.00% |
996 |
0.00% |
996 |
0.00% |
996 |
|
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 |
56 |
0.00% |
56 |
0.00% |
56 |
-64.33%
|
157 |
-39.15%
|
258 |
|
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 |
511 |
-51.43%
|
1 052 |
0.00% |
1 052 |
-8.76% |
1 153 |
-79.43%
|
5 606 |
|
Other
fixed assets |
- |
N/A |
- |
N/A |
- |
N/A |
- |
N/A |
- |
|
TOTAL
FIXED ASSETS |
16 535 |
82.61% |
9 055 |
26.43% |
7 162 |
-1.88% |
7 299 |
-43.58%
|
12 936 |
|
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 |
27 928 |
-17.18%
|
33 723 |
11.62% |
30 211 |
-10.04%
|
33 581 |
14.37% |
29 361 |
|
Inventories
|
27 928 |
-17.18%
|
33 723 |
11.62% |
30 211 |
-10.04%
|
33 581 |
14.37% |
29 361 |
|
Trade
Receivables |
16 160 |
-37.28%
|
25 765 |
2.99% |
25 018 |
-6.14% |
26 654 |
15.48% |
23 082 |
|
Other
Receivables |
1 629 |
-93.25%
|
24 135 |
108.69%
|
11 565 |
100.00%
|
0 |
-100.00%
|
4 352 |
|
Receivables
to companies in the same group |
- |
N/A |
- |
N/A |
- |
N/A |
- |
N/A |
- |
|
Total
receivable |
17 789 |
-64.35%
|
49 900 |
36.40% |
36 583 |
22.06% |
29 972 |
-26.43%
|
40 740 |
|
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 |
17 482 |
12.88% |
15 487 |
-48.21%
|
29 903 |
187.86%
|
10 388 |
-16.70%
|
12 471 |
|
Total
funds/bank/post |
17 482 |
12.88% |
15 487 |
-48.21%
|
29 903 |
187.86%
|
10 388 |
-16.70%
|
12 471 |
|
Other
current assets |
- |
N/A |
- |
N/A |
- |
N/A |
- |
N/A |
- |
|
TOTAL
CURRENT ASSETS |
63 199 |
-36.23%
|
99 110 |
2.50% |
96 696 |
30.77% |
73 941 |
-10.45%
|
82 571 |
|
TOTAL
ASSETS |
79 734 |
-26.28%
|
108 165
|
4.15% |
103 858
|
27.84% |
81 240 |
-14.94%
|
95 508 |
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 |
11 850 |
0.00% |
11 850 |
0.00% |
11 850 |
0.00% |
11 850 |
0.00% |
11 850 |
||||||||
|
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 |
27 957 |
N/A |
- |
N/A |
19 935 |
||||||||
|
Total equity
deposits |
11 850 |
0.00% |
11 850 |
-70.23%
|
39 807 |
235.92%
|
11 850 |
-62.72%
|
31 785 |
||||||||
|
Valuation
reserve |
- |
N/A |
- |
N/A |
- |
N/A |
- |
N/A |
- |
||||||||
|
Other
equity |
36 194 |
-10.44%
|
40 414 |
N/A |
- |
N/A |
25 073 |
N/A |
- |
||||||||
|
Minority
interests ( Groups ) |
- |
N/A |
- |
N/A |
- |
N/A |
- |
N/A |
- |
||||||||
|
Total
Retained Earnings |
36 194 |
-10.44%
|
40 414 |
100.00%
|
0 |
-100.00%
|
25 073 |
100.00%
|
0 |
||||||||
|
Other
Reserves |
- |
N/A |
- |
N/A |
- |
N/A |
- |
N/A |
- |
||||||||
|
TOTAL
EQUITY |
48 044 |
-8.07% |
52 264 |
31.29% |
39 807 |
7.81% |
36 923 |
16.16% |
31 785 |
||||||||
|
Long
Term Pension Commitments |
- |
N/A |
- |
N/A |
0 |
-100.00%
|
232 |
-65.48%
|
672 |
||||||||
|
Deferred
tax liabilities |
- |
N/A |
- |
N/A |
- |
N/A |
0 |
-100.00%
|
751 |
||||||||
|
Other
provisions |
- |
N/A |
- |
N/A |
- |
N/A |
- |
N/A |
- |
||||||||
|
Total provisions
for liabilities and charges |
0 |
0.00% |
0 |
0.00% |
0 |
-100.00%
|
232 |
-83.70%
|
1 423 |
||||||||
|
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 |
2 888 |
N/A |
- |
N/A |
- |
||||||||
|
Liable
loan capital |
- |
N/A |
- |
N/A |
- |
N/A |
- |
N/A |
- |
||||||||
|
Other
long-term liabilities |
0 |
-100.00%
|
2 888 |
100.00%
|
0 |
-100.00%
|
2 888 |
0.00% |
2 888 |
||||||||
|
Total other
long-term liabilities |
- |
N/A |
- |
N/A |
2 888 |
N/A |
- |
N/A |
- |
||||||||
|
TOTAL
LONG TERM LIABILITIES |
0 |
-100.00%
|
2 888 |
0.00% |
2 888 |
-7.44% |
3 120 |
-27.63%
|
4 311 |
||||||||
|
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
|
9 810 |
-42.73%
|
17 129 |
-17.91%
|
20 867 |
12.69% |
18 517 |
12.48% |
16 463 |
||||||||
|
Payable
tax |
427 |
-93.17%
|
6 249 |
-3.56% |
6 480 |
87.50% |
3 456 |
33.75% |
2 584 |
||||||||
|
Special
government taxes |
1 412 |
-41.44%
|
2 411 |
-2.23% |
2 466 |
-12.30%
|
2 812 |
-11.74%
|
3 186 |
||||||||
|
Suggested
dividend |
- |
N/A |
8 340 |
-42.88%
|
14 600 |
100.00%
|
0 |
-100.00%
|
23 000 |
||||||||
|
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 |
31 690 |
-40.22%
|
53 013 |
-13.33%
|
61 163 |
48.47% |
41 196 |
-30.66%
|
59 412 |
||||||||
|
TOTAL
LIABILITIES |
31 690 |
-43.31%
|
55 901 |
-12.72%
|
64 051 |
44.53% |
44 317 |
-30.45%
|
63 723 |
||||||||
|
Total
liabilities and equity |
79 734 |
-26.28%
|
108 165
|
4.15% |
103 858
|
27.84% |
81 240 |
-14.94%
|
95 508 |
||||||||
|
Company
Name |
TEAMTEC
AS |
|
Company
Number |
974388472
|
|
Currency
|
Miscellaneous
|
NOTE:
All values displayed in 1000 |
|||||||||
|
Financial
Year |
2016 |
2015 |
2014 |
2013 |
2012 |
||||
|
Total
Exports |
131 837
|
-24.81%
|
175 348
|
-0.18% |
175 656
|
20.10% |
146 261
|
-21.71%
|
186 815
|
|
Working
Capital |
31 509 |
-31.65%
|
46 097 |
29.73% |
35 533 |
8.51% |
32 745 |
41.39% |
23 159 |
|
Net
Worth |
36 106 |
-24.14%
|
47 596 |
22.83% |
38 748 |
6.73% |
36 304 |
14.22% |
31 785 |
|
Capital
Employed |
48 044 |
-12.89%
|
55 152 |
29.18% |
42 695 |
6.62% |
40 043 |
10.93% |
36 096 |
|
Man-labour
year |
72 |
-2.70% |
74 |
2.78% |
72 |
2.86% |
70 |
-7.65% |
76 |
|
Employees
|
74 |
-6.33% |
79 |
0.00% |
79 |
5.33% |
75 |
-7.41% |
81 |
|
General
manager salary |
1 906 |
14.54% |
1 664 |
13.74% |
1 463 |
15.02% |
1 272 |
3.16% |
1 233 |
|
Auditor's
remuneration |
111 |
0.00% |
111 |
-34.32%
|
169 |
4.97% |
161 |
7.33% |
150 |
Ratios
|
Financial
Year |
2016 |
2015 |
2014 |
2013 |
2012 |
||||
|
Pre-Tax
Profit Margin |
7.52 |
12.89 |
13.68 |
5.19 |
5.87 |
||||
|
Return
on Capital Employed |
20.62 |
40.98 |
56.29 |
18.96 |
30.38 |
||||
|
Return
on Total Assets Employed |
12.43 |
20.90 |
23.14 |
9.35 |
11.48 |
||||
|
Return
on Net Assets Employed |
20.62 |
43.25 |
60.37 |
20.56 |
34.50 |
||||
|
Sales/Net
Working Capital |
4.18 |
3.80 |
4.94 |
4.47 |
8.07 |
||||
|
Stock
Turnover Ratio |
21.18 |
19.23 |
17.20 |
22.96 |
15.72 |
||||
|
Debtor
Days |
44.74 |
53.63 |
51.99 |
66.52 |
45.10 |
||||
|
Creditor
Days |
27.16 |
35.66 |
43.36 |
46.21 |
32.17 |
||||
|
Current
Ratio |
1.99 |
1.87 |
1.58 |
1.79 |
1.39 |
||||
|
Liquidity
Ratio/Acid Test |
1.11 |
1.23 |
1.09 |
0.98 |
0.90 |
||||
|
Current
Debt Ratio |
0.66 |
1.01 |
1.54 |
1.12 |
1.87 |
||||
|
Solvency
Ratio |
60.26 |
48.32 |
38.33 |
45.45 |
33.28 |
||||
|
Equity
in Percentage |
71.40 |
51.02 |
39.12 |
46.46 |
35.36 |
||||
|
Total
Debt Ratio |
0.66 |
1.07 |
1.61 |
1.20 |
2.00 |
|
Company
Name |
TEAMTEC
AS |
|
Company
Number |
974388472
|
|
Currency
|
No Auditor
Remarks information available for the company
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 65.08 |
|
|
1 |
INR 89.85 |
|
Euro |
1 |
INR 80.16 |
|
NOK |
1 |
INR 8.36 |
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.