|
|
|
MIRA INFORM REPORT
|
Report No. : |
498832 |
|
Report Date : |
19.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
NORILIA AS |
|
|
|
|
Registered Office : |
Lørenveien 37, 0585 Oslo |
|
|
|
|
Country : |
Norway |
|
|
|
|
Financials (as on) : |
2016 |
|
|
|
|
Date of Incorporation : |
18.08.2010 |
|
|
|
|
Com. Reg. No.: |
995643316 |
|
|
|
|
Legal Form : |
Limited Company |
|
|
|
|
Line of Business : |
· Wholesale of hides · Wholesale of meat and meat products |
|
|
|
|
No. of Employees : |
57 |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A |
|
Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
No Complaints |
|
|
|
|
Litigation : |
Clear |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List
|
Country Name |
Previous Rating (30.09.2017) |
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; nonetheless, as a member of the European Economic Area, it contributes sizably to the EU budget.
The country is richly endowed with natural resources in addition to oil and gas, including hydropower, fish, forests, and minerals. Norway is a leading producer and the world’s second largest exporter of seafood, after China. The government manages the country’s petroleum resources through extensive regulation. The petroleum sector provides about 9% of jobs, 12% of GDP, 13% of the state’s revenue, and 37% of exports, according to official national estimates. Norway is one of the world's leading petroleum exporters, though oil production in 2016 was close to 50% below its peak in 2000; annual gas production, conversely, more than doubled over the same time period. After a continual decline from 2001 to 2013, oil production rose in 2016 for the third year running, due to the higher production of existing oil fields and to new fields coming on stream.
In anticipation of eventual declines in oil and gas production, Norway saves state revenue from petroleum sector activities in the world's largest sovereign wealth fund, valued at almost $900 billion as of early 2017. To help balance the federal budget each year, the government follows a “fiscal rule,” which states that spending of revenues from petroleum and fund investments shall correspond to the expected real rate of return on the fund, an amount it estimates is sustainable over time. In February 2017, the government revised the expected rate of return for the fund downward from 4% to 3%.
After solid GDP growth in the 2004-07 period, the economy slowed in 2008, and contracted in 2009, before returning to modest, positive growth from 2010 to 2016. Lower oil prices in 2015 and 2016 caused growth to slow, increased unemployment, and weakened the Norwegian krone. The latter trend has mitigated the negative impact of lower oil and gas prices by making Norwegian exports cheaper for foreign buyers. The government has expressed willingness to increase public spending from the sovereign wealth fund to help prevent a recession.
|
Source
: CIA |
Company
summery
|
Company Name |
NORILIA AS |
|
Company Number |
995643316 |
|
Legal Form |
Limited company |
|
Status |
Active |
|
Address |
Lørenveien 37 |
|
City |
0585 OSLO |
|
Website Address |
- |
|
Telephone |
22092100 |
|
Share Capital |
1 000 000 |
|
Previous Name |
- |
|
Name Change Date |
- |
|
Registration Date |
18/08/2010 |
|
Register Type |
Register of Business Enterprises and VAT Register |
|
E-mail Address |
|
|
Fax Number |
- |
|
Currency |
NOK |
|
Number of Employees |
57 |
Postal
Address
|
Address |
City |
|
Postboks 360 Økern |
0513 OSLO |
Key
Financials
|
Year to Date |
Sales Revenue |
Profit Before Tax |
Total Equity |
|
2016 |
411 364 |
14 063 |
20 926 |
|
2015 |
450 420 |
23 722 |
22 418 |
|
2014 |
496 330 |
23 918 |
31 345 |
|
2013 |
467 722 |
11 228 |
25 156 |
|
2012 |
412 993 |
13 359 |
22 284 |
Industry
|
Main Industry Code & Description |
46.240 Wholesale of hides |
|
Secondary Industry Code & Description |
46.320 Wholesale of meat and meat products |
|
Other Industry Code & Description |
- |
|
Sector Code |
710 |
Ultimate
Holding Company
|
Company Name |
Country Flag |
Company Number |
|
NORTURA SA |
- |
Summary
|
Type |
Number |
Total Amount |
|
Unsettled ROP |
0 |
0 |
|
Partly Settled ROP |
0 |
0 |
|
Voluntary Pledge |
0 |
0 |
Commentary
-
|
|
Company Name |
Company Number |
Last Account Published |
Revenue |
|
1 |
NORTURA SA |
- |
31/12/2016 |
16 744 679 KNOK |
|
2 |
DET NYE KJØKKEN AS |
- |
31/12/2016 |
0 KNOK |
|
2 |
YGGESETH AS |
- |
31/12/2007 |
0 KNOK |
|
2 |
GILDE VEST BA |
- |
31/12/2005 |
2 932 388 KNOK |
|
2 |
JÆREN EIENDOMSINVEST AS |
- |
31/12/2015 |
0 KNOK |
|
2 |
NORILIA AS |
- |
31/12/2016 |
411 364 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 |
|
Sollerud, Morten |
Granbakken 19 ASKER 1386 |
24/11/1957 |
General manager/CEO |
|
Daugaard, Knud Peder |
Bekkeleia 6 ÅLGÅRD 4330 |
10/07/1950 |
Chairman of the board |
|
Drange, Ove |
Orredalsveien 11 HELLELAND 4376 |
29/09/1963 |
Board member(s) |
|
Hansen, Roy |
Evenrødveien 4 FREDRIKSTAD 1615 |
19/11/1961 |
Board member(s) |
|
Hassan, Abdifatah Isak |
Halvdan Svartes Gate 7 HØNEFOSS 3515 |
03/02/1987 |
Board member(s) |
|
Høeg, Erik Steinar |
21 Queens Drive Lane Ilkley LS29 9 QS |
10/02/1976 |
Board member(s) |
|
Lilleslett, Jon |
Strømvegen 15 HOVET 3577 |
06/08/1967 |
Board member(s) |
|
Vestveit, Stig |
Åsmund Sveens Veg 17 ELVERUM 2407 |
01/12/1973 |
Board member(s) |
|
Fosseng, Fred Willy |
Kilevoldbuen 46 FREDRIKSTAD 1617 |
20/10/1975 |
Deputy board member/substitute |
|
Solhaug, Helmi Schaug-Pettersen |
Nylennavegen 20 SØRUMSAND 1920 |
21/06/1959 |
Deputy board member/substitute |
Signature
|
Signature |
Daglig leder og styrets leder i fellesskap. |
Procurement
|
Procurement |
Morten Sollerud |
Auditors
|
Name |
Company Number |
Status |
Date |
|
BDO AS |
993606650 |
Active |
18/08/2010 |
Shareholders
|
Shareholder Name |
Number of Shares |
Percentage Share |
|
NORTURA SA |
100 |
100.00 |
Group
Linkages
No Group Linkages information available for the company
Announcements
|
Date |
Announcement Type |
|
25/04/2017 |
APPROVED END OF YEAR REPORT AND ACCOUNTS |
|
18/06/2016 |
Completion of merger |
|
10/05/2016 |
CHANGE OF BOARD OF DIRECTORS |
|
11/04/2016 |
Merger decision |
|
07/04/2016 |
APPROVED END OF YEAR REPORT AND ACCOUNTS |
|
16/03/2015 |
APPROVED END OF YEAR REPORT AND ACCOUNTS |
|
31/10/2014 |
CHANGE OF BUSINESS ADDRESS |
|
22/05/2014 |
Completion of merger |
|
17/05/2014 |
APPROVED END OF YEAR REPORT AND ACCOUNTS |
|
05/03/2014 |
Merger decision |
|
28/10/2013 |
CHANGE OF BUSINESS ADDRESS |
|
26/06/2013 |
CHANGE OF BOARD OF DIRECTORS |
|
15/05/2013 |
APPROVED END OF YEAR REPORT AND ACCOUNTS |
|
04/07/2012 |
APPROVED END OF YEAR REPORT AND ACCOUNTS |
|
02/07/2012 |
CHANGE OF BOARD OF DIRECTORS |
|
05/09/2011 |
APPROVED END OF YEAR REPORT AND ACCOUNTS |
|
Company Name |
Company Number |
Industry Code |
Address |
City |
Telephone |
Status |
|
NORILIA AS AVD ULLSTASJON HARSTAD |
973187376 |
46.240 |
Stangnesterminalen |
- |
077070000 |
Deleted |
|
NORILIA AS ADM - KJØP/SALG ULL |
982356105 |
70.100 |
Lørenveien 37 |
0513 OSLO |
22092100 |
Active |
|
NORILIA AS AVD HUDANLEGG SKJEBERG |
973100815 |
10.110 |
Løenveien 1 |
0513 OSLO |
- |
Active |
|
NORILIA AS AVD ULLSTASJON GOL |
973138685 |
46.240 |
- |
- |
33358600 |
Active |
|
NORILIA AS AVD TARMER FREDRIKSTAD |
973100823 |
46.240 |
Stabburveien 26 |
- |
- |
Active |
|
NORILIA AS AVD HUDER EUDSVÅG |
973100831 |
46.240 |
Jordalsveien 37 |
- |
- |
Deleted |
|
NORILIA AS AVD NUTRI |
979747543 |
46.320 |
Gamle Forusveg |
- |
51576740 |
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 |
411 364 |
-8.67% |
450 420 |
-9.25% |
496 330 |
6.12% |
467 722 |
13.25% |
412 993 |
|
Other operating income |
30 010 |
0.19% |
29 953 |
12.49% |
26 627 |
20.06% |
22 178 |
-15.79% |
26 337 |
|
Total Operating Income |
441 374 |
-8.12% |
480 373 |
-8.14% |
522 957 |
6.75% |
489 899 |
11.51% |
439 330 |
|
Cost of stocks |
334 617 |
-9.81% |
371 029 |
-10.69% |
415 426 |
3.35% |
401 966 |
20.18% |
334 461 |
|
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 |
32 960 |
-1.81% |
33 567 |
1.97% |
32 918 |
3.21% |
31 893 |
0.70% |
31 671 |
|
Depreciation |
8 427 |
-1.08% |
8 519 |
-2.32% |
8 721 |
52.41% |
5 722 |
27.72% |
4 480 |
|
Write down of tangible and intangible fixed assets |
- |
N/A |
0 |
-100.00% |
800 |
100.00% |
0 |
-100.00% |
1 000 |
|
Other operating expenses |
43 425 |
9.36% |
39 709 |
1.24% |
39 223 |
1.01% |
38 832 |
-18.79% |
47 815 |
|
Total Operating Expenses |
419 429 |
-7.37% |
452 824 |
-8.90% |
497 088 |
3.90% |
478 413 |
14.06% |
419 426 |
|
Operating Profit |
21 945 |
-20.34% |
27 549 |
6.49% |
25 869 |
125.22% |
11 486 |
-42.29% |
19 904 |
|
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 |
0 |
-100.00% |
192 |
N/A |
- |
N/A |
- |
N/A |
- |
|
Other financial income |
1 451 |
-75.90% |
6 020 |
23.89% |
4 859 |
-11.81% |
5 510 |
67.12% |
3 297 |
|
Financial Income |
1 458 |
-76.82% |
6 289 |
27.75% |
4 923 |
-11.96% |
5 592 |
67.58% |
3 337 |
|
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 |
- |
N/A |
- |
N/A |
- |
|
Other financial expenses |
7 340 |
26.20% |
5 816 |
-0.89% |
5 868 |
0.31% |
5 850 |
-30.89% |
8 465 |
|
Other financial costs |
9 340 |
-7.67% |
10 116 |
47.18% |
6 873 |
17.49% |
5 850 |
-40.80% |
9 882 |
|
Financial Expenses |
9 340 |
-7.67% |
10 116 |
47.18% |
6 873 |
17.49% |
5 850 |
-40.80% |
9 882 |
|
Total\net financial items |
-7 881 |
-105.93% |
-3 827 |
-96.26% |
-1 950 |
-655.81% |
-258 |
96.06% |
-6 545 |
|
Profit Before Tax |
14 063 |
-40.72% |
23 722 |
-0.82% |
23 918 |
113.02% |
11 228 |
-15.95% |
13 359 |
|
Tax |
2 978 |
-46.72% |
5 589 |
-17.00% |
6 734 |
117.23% |
3 100 |
-25.91% |
4 184 |
|
Profit After Tax |
11 086 |
-38.86% |
18 133 |
5.52% |
17 185 |
111.43% |
8 128 |
-11.41% |
9 175 |
|
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 |
11 086 |
-38.86% |
18 133 |
5.52% |
17 185 |
111.43% |
8 128 |
-11.41% |
9 175 |
|
Dividends |
- |
N/A |
- |
N/A |
- |
N/A |
- |
N/A |
- |
|
Group contributions |
- |
N/A |
- |
N/A |
17 710 |
164.49% |
6 696 |
232.14% |
2 016 |
|
Allocation other equity/covering of previous uncovered loss |
2 821 |
257.77% |
-1 788 |
-240.57% |
-525 |
-136.66% |
1 432 |
-80.00% |
7 159 |
|
Total transfers and allocations |
11 086 |
-38.86% |
18 133 |
5.52% |
17 185 |
111.43% |
8 128 |
-11.41% |
9 175 |
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 |
- |
N/A |
- |
N/A |
- |
N/A |
- |
N/A |
0 |
|
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 |
47 837 |
-5.73% |
50 742 |
-5.42% |
53 647 |
+ |
4 110 |
-6.78% |
4 409 |
|
Plant & Machinery |
1 747 |
-46.64% |
3 274 |
-34.94% |
5 032 |
-29.06% |
7 093 |
18.08% |
6 007 |
|
Ships, rigs, aircraft, etc |
- |
N/A |
- |
N/A |
- |
N/A |
- |
N/A |
- |
|
Operating equipment, fixtures, fittings, tools, office machines,
etc. |
16 314 |
-12.63% |
18 672 |
-14.49% |
21 837 |
-14.25% |
25 466 |
-6.52% |
27 242 |
|
Other operation factors |
- |
N/A |
- |
N/A |
- |
N/A |
- |
N/A |
- |
|
Total Tangible Assets |
65 898 |
-9.34% |
72 688 |
-9.72% |
80 517 |
119.58% |
36 669 |
-2.62% |
37 657 |
|
Shares/investment in subsidiaries |
3 355 |
257.29% |
939 |
-82.08% |
5 239 |
-16.10% |
6 244 |
11.34% |
5 608 |
|
Investments in group companies |
- |
N/A |
- |
N/A |
- |
N/A |
- |
N/A |
- |
|
Investments in associated companies |
1 645 |
295.43% |
416 |
10.93% |
375 |
8.07% |
347 |
15.67% |
300 |
|
Investments in shares and interests |
15 |
0.00% |
15 |
0.00% |
15 |
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 |
7 174 |
-14.26% |
8 367 |
-46.42% |
15 616 |
20.49% |
12 960 |
17.42% |
11 037 |
|
Other fixed assets |
- |
N/A |
- |
N/A |
- |
N/A |
- |
N/A |
- |
|
TOTAL FIXED ASSETS |
73 072 |
-9.85% |
81 055 |
-15.68% |
96 133 |
93.70% |
49 629 |
1.92% |
48 694 |
|
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 |
45 519 |
8.31% |
42 028 |
-15.27% |
49 603 |
0.65% |
49 284 |
26.16% |
39 065 |
|
Inventories |
45 519 |
8.31% |
42 028 |
-15.27% |
49 603 |
0.65% |
49 284 |
26.16% |
39 065 |
|
Trade Receivables |
49 598 |
-8.11% |
53 977 |
-17.13% |
65 136 |
-9.00% |
71 578 |
29.61% |
55 227 |
|
Other Receivables |
2 159 |
22.25% |
1 766 |
-74.94% |
7 047 |
23.57% |
5 703 |
27.81% |
4 462 |
|
Receivables to companies in the same group |
0 |
-100.00% |
87 |
295.45% |
22 |
N/A |
- |
N/A |
- |
|
Total receivable |
51 970 |
-7.82% |
56 378 |
-15.93% |
67 058 |
-7.99% |
72 883 |
14.39% |
63 717 |
|
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 |
12 704 |
-19.48% |
15 778 |
129.03% |
6 889 |
227.74% |
2 102 |
-24.01% |
2 766 |
|
Total funds/bank/post |
12 704 |
-19.48% |
15 778 |
129.03% |
6 889 |
227.74% |
2 102 |
-24.01% |
2 766 |
|
Other current assets |
- |
N/A |
- |
N/A |
- |
N/A |
- |
N/A |
- |
|
TOTAL CURRENT ASSETS |
110 193 |
-3.50% |
114 184 |
-7.58% |
123 550 |
-0.58% |
124 268 |
17.74% |
105 548 |
|
TOTAL ASSETS |
183 265 |
-6.13% |
195 239 |
-11.13% |
219 683 |
26.33% |
173 897 |
12.74% |
154 242 |
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 |
1 000 |
0.00% |
1 000 |
0.00% |
1 000 |
0.00% |
1 000 |
0.00% |
1 000 |
|
Own shares (treasury stock) |
- |
N/A |
- |
N/A |
- |
N/A |
- |
N/A |
- |
|
Share Premium Reserve |
7 832 |
0.00% |
7 832 |
0.00% |
7 832 |
2.69% |
7 627 |
0.00% |
7 627 |
|
Other paid-in capital |
2 376 |
0.00% |
2 376 |
0.00% |
2 376 |
N/A |
- |
N/A |
- |
|
Total equity deposits |
11 208 |
0.00% |
11 208 |
0.00% |
11 208 |
29.92% |
8 627 |
0.00% |
8 627 |
|
Valuation reserve |
- |
N/A |
- |
N/A |
- |
N/A |
- |
N/A |
- |
|
Other equity |
9 718 |
-13.31% |
11 210 |
-44.33% |
20 137 |
21.83% |
16 529 |
21.03% |
13 657 |
|
Minority interests ( Groups ) |
- |
N/A |
- |
N/A |
- |
N/A |
- |
N/A |
- |
|
Total Retained Earnings |
9 718 |
-13.31% |
11 210 |
-44.33% |
20 137 |
21.83% |
16 529 |
21.03% |
13 657 |
|
Other Reserves |
- |
N/A |
- |
N/A |
- |
N/A |
- |
N/A |
- |
|
TOTAL EQUITY |
20 926 |
-6.66% |
22 418 |
-28.48% |
31 345 |
24.60% |
25 156 |
12.89% |
22 284 |
|
Long Term Pension Commitments |
- |
N/A |
0 |
-100.00% |
44 |
-85.23% |
298 |
-35.36% |
461 |
|
Deferred tax liabilities |
464 |
-23.43% |
606 |
-74.60% |
2 386 |
124.67% |
1 062 |
80.61% |
588 |
|
Other provisions |
- |
N/A |
- |
N/A |
- |
N/A |
- |
N/A |
- |
|
Total provisions for liabilities and charges |
464 |
-23.43% |
606 |
-75.06% |
2 430 |
78.68% |
1 360 |
29.65% |
1 049 |
|
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 |
81 940 |
0.00% |
81 940 |
-15.47% |
96 940 |
34.64% |
72 000 |
0.00% |
72 000 |
|
Liable loan capital |
- |
N/A |
- |
N/A |
- |
N/A |
- |
N/A |
- |
|
Other long-term liabilities |
0 |
0.00% |
0 |
0.00% |
0 |
0.00% |
0 |
0.00% |
0 |
|
Total other long-term liabilities |
81 940 |
0.00% |
81 940 |
-15.47% |
96 940 |
34.64% |
72 000 |
0.00% |
72 000 |
|
TOTAL LONG TERM LIABILITIES |
82 404 |
-0.17% |
82 546 |
-16.93% |
99 370 |
35.46% |
73 360 |
0.43% |
73 049 |
|
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 |
28 108 |
61.34% |
17 422 |
49.88% |
11 624 |
-28.11% |
16 169 |
136.08% |
6 849 |
|
Trade Creditors |
22 783 |
9.62% |
20 784 |
9.28% |
19 019 |
-1.69% |
19 346 |
-11.06% |
21 752 |
|
Payable tax |
1 |
100.00% |
0 |
-100.00% |
2 |
-90.48% |
21 |
+ |
1 |
|
Special government taxes |
1 251 |
43.63% |
871 |
-14.36% |
1 017 |
88.33% |
540 |
-49.91% |
1 078 |
|
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 |
79 935 |
-11.45% |
90 275 |
1.47% |
88 967 |
18.02% |
75 380 |
27.96% |
58 909 |
|
TOTAL LIABILITIES |
162 339 |
-6.07% |
172 821 |
-8.24% |
188 337 |
26.62% |
148 741 |
12.72% |
131 958 |
|
Total liabilities and equity |
183 265 |
-6.13% |
195 239 |
-11.13% |
219 683 |
26.33% |
173 897 |
12.74% |
154 242 |
Miscellaneous
NOTE: All values displayed in 1000
|
Financial Year |
2016 |
|
2015 |
|
2014 |
|
2013 |
|
2012 |
|
Total Exports |
- |
N/A |
- |
N/A |
- |
N/A |
- |
N/A |
267 982 |
|
Working Capital |
30 258 |
26.55% |
23 909 |
-30.86% |
34 583 |
-29.26% |
48 888 |
4.82% |
46 639 |
|
Net Worth |
20 926 |
-6.66% |
22 418 |
-28.48% |
31 345 |
24.60% |
25 156 |
12.89% |
22 284 |
|
Capital Employed |
103 330 |
-1.56% |
104 964 |
-19.70% |
130 715 |
32.68% |
98 516 |
3.34% |
95 333 |
|
Man-labour year |
46 |
4.55% |
44 |
15.79% |
38 |
0.00% |
38 |
-13.64% |
44 |
|
Employees |
45 |
2.27% |
44 |
2.33% |
43 |
0.00% |
43 |
N/A |
- |
|
General manager salary |
1 245 |
1.38% |
1 228 |
3.11% |
1 191 |
5.12% |
1 133 |
4.52% |
1 084 |
|
Auditor's remuneration |
161 |
61.00% |
100 |
-28.57% |
140 |
40.00% |
100 |
11.11% |
90 |
Ratios
|
Financial Year |
2016 |
2015 |
2014 |
2013 |
2012 |
|
Pre-Tax Profit Margin |
3.42 |
5.27 |
4.82 |
2.40 |
3.23 |
|
Return on Capital Employed |
13.61 |
22.60 |
18.30 |
11.40 |
14.01 |
|
Return on Total Assets Employed |
7.67 |
12.15 |
10.89 |
6.46 |
8.66 |
|
Return on Net Assets Employed |
67.20 |
105.82 |
76.31 |
44.63 |
59.95 |
|
Sales/Net Working Capital |
13.60 |
18.84 |
14.35 |
9.57 |
8.86 |
|
Stock Turnover Ratio |
11.07 |
9.33 |
9.99 |
10.54 |
9.46 |
|
Debtor Days |
44.01 |
43.74 |
47.90 |
55.86 |
48.81 |
|
Creditor Days |
20.22 |
16.84 |
13.99 |
15.10 |
19.22 |
|
Current Ratio |
1.38 |
1.26 |
1.39 |
1.65 |
1.79 |
|
Liquidity Ratio/Acid Test |
0.81 |
0.80 |
0.83 |
0.99 |
1.13 |
|
Current Debt Ratio |
3.82 |
4.03 |
2.84 |
3.00 |
2.64 |
|
Solvency Ratio |
11.42 |
11.48 |
14.27 |
14.47 |
14.45 |
|
Equity in Percentage |
11.88 |
12.00 |
15.36 |
15.63 |
15.56 |
|
Total Debt Ratio |
7.76 |
7.71 |
6.01 |
5.91 |
5.92 |
No Auditor Remarks information available for the company
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 64.87 |
|
|
1 |
INR 90.49 |
|
Euro |
1 |
INR 79.91 |
|
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 : |
TPT |
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.