|
|
|
MIRA
INFORM REPORT
|
Report No. : |
498939 |
|
Report Date : |
26.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
HARLEM FOOD AS |
|
|
|
|
Registered Office : |
Skøyenveien 18 0375 OSLO |
|
|
|
|
Country : |
Norway |
|
|
|
|
Financials (as on) : |
2016 |
|
|
|
|
Date of Incorporation : |
19.02.1995 |
|
|
|
|
Com. Reg. No.: |
927665859 |
|
|
|
|
Legal Form : |
Limited company |
|
|
|
|
Line of Business : |
Non-specialised wholesale of food |
|
|
|
|
No. of Employees : |
Not Available |
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 summery
|
Company Name |
HARLEM FOOD AS |
||
|
Company Number |
927665859 |
||
|
Legal Form |
Limited company |
||
|
Status |
Active |
||
|
Address |
Skøyenveien 18 |
||
|
City |
0375 OSLO |
||
|
Website Address |
- |
||
|
Telephone |
- |
Register Type |
Register of Business Enterprises and VAT Register |
|
Share Capital |
607 500 |
E-mail Address |
|
|
Previous Name |
- |
Fax Number |
- |
|
Name Change Date |
- |
Currency |
NOK |
|
Registration Date |
19/02/1995 |
Number of Employees |
0 |
Postal Address
|
Address |
City |
|
Postboks 57 Smestad |
0309 OSLO |
Key
Financials
|
Year to Date |
Sales Revenue |
Profit Before Tax |
Total Equity |
|
2016 |
740 672 |
27 572 |
156 620 |
|
2015 |
829 298 |
48 907 |
154 168 |
|
2014 |
634 641 |
55 946 |
135 120 |
|
2013 |
557 830 |
24 818 |
105 422 |
|
2012 |
491 910 |
53 635 |
94 213 |
Industry
|
Main Industry Code & Description |
46.390 Non-specialised wholesale of food |
|
Secondary Industry Code & Description |
- |
|
Other Industry Code & Description |
- |
|
Sector Code |
710 |
Ultimate Holding Company
|
Company Name |
Country Flag |
Company Number |
|
HARLEM FOOD AS |
- |
Summary
|
Type |
Number |
Total Amount |
|
Unsettled ROP |
0 |
0 |
|
Partly Settled ROP |
0 |
0 |
|
Voluntary Pledge |
2 |
100 000 000 |
Voluntary Pledge (Not Negative)
|
Type |
Date |
Source |
Ref Nr |
Amount |
Creditor |
Status |
|
CONTRACT OF FACTORING |
06/12/2005 |
Løsøreregisteret |
344935 |
50 000 000 |
DNB BANK ASA |
- |
|
ENCUMBERED STOCK |
06/12/2005 |
Løsøreregisteret |
344934 |
50 000 000 |
DNB BANK ASA |
- |
|
|
Company Name |
Company Number |
Last Account Published |
Revenue |
|
1 |
HARLEM FOOD AS |
- |
31/12/2016 |
740 672 KNOK |
|
2 |
AUTOMATPACK AS |
- |
31/12/2016 |
24 327 KNOK |
|
EUROCHEESE AS |
- |
31/12/2016 |
1 402 KNOK |
|
|
HARLEM GOURMET AS |
- |
31/12/2016 |
0 KNOK |
|
|
GJELLEBEKKSTUBBEN 1 AS |
- |
31/12/2016 |
0 KNOK |
Current Directors
|
Name |
Address |
Date of Birth |
Function |
|
Harlem, Christopher |
Bygdøynesveien 26 OSLO 0286 |
09/12/1974 |
General manager/CEO |
|
Harlem, Erik |
P. T. Mallings Vei 50 D OSLO 0286 |
04/09/1940 |
Chairman of the board |
|
Harlem, Hanne |
P. T. Mallings Vei 50 D OSLO 0286 |
10/11/1946 |
Deputy board member/substitute |
Signature
|
Signature |
Daglig leder og styrets leder hver for seg. |
Procurement
|
Procurement |
Christopher Harlem |
Auditors
|
Name |
Company Number |
Status |
Date |
|
KR WILHELMSEN & CO AS |
937441134 |
Active |
- |
Shareholders
|
Shareholder Name |
Number of Shares |
Percentage Share |
|
CHRISTOPHER HARLEM |
2447 |
40.28 |
|
GUDMUND HARLEM |
2353 |
38.73 |
|
ERIK HARLEM |
675 |
11.11 |
|
CATHRINE HARLEM |
600 |
9.88 |
Announcements
|
Date |
Announcement Type |
|
22/03/2018 |
CHANGE OF DATE IN ARTICLES OF ASSOCIATON |
|
11/07/2017 |
APPROVED END OF YEAR REPORT AND ACCOUNTS |
|
05/07/2017 |
CHANGE OF DATE IN ARTICLES OF ASSOCIATON |
|
12/07/2016 |
APPROVED END OF YEAR REPORT AND ACCOUNTS |
|
01/07/2016 |
CHANGE OF DATE IN ARTICLES OF ASSOCIATON |
|
23/07/2015 |
APPROVED END OF YEAR REPORT AND ACCOUNTS |
|
02/07/2014 |
APPROVED END OF YEAR REPORT AND ACCOUNTS |
|
30/07/2013 |
APPROVED END OF YEAR REPORT AND ACCOUNTS |
|
16/06/2012 |
APPROVED END OF YEAR REPORT AND ACCOUNTS |
|
Company Name |
Company Number |
Industry Code |
Address |
City |
Telephone |
Status |
|
HARLEM FOOD AS |
973327593 |
46.390 |
Skøyenveien 18 |
0309 OSLO |
- |
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 |
740 672 |
-10.69% |
829 298 |
30.67% |
634 641 |
13.77% |
557 830 |
13.40% |
491 910 |
|
Other operating income |
0 |
0.00% |
0 |
0.00% |
0 |
0.00% |
0 |
0.00% |
0 |
|
Total Operating Income |
740 672 |
-10.69% |
829 298 |
30.67% |
634 641 |
13.77% |
557 830 |
13.40% |
491 910 |
|
Cost of stocks |
671 545 |
-11.71% |
760 625 |
37.24% |
554 219 |
11.37% |
497 643 |
17.83% |
422 327 |
|
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 |
0 |
0.00% |
0 |
0.00% |
0 |
0.00% |
0 |
0.00% |
0 |
|
Depreciation |
0 |
0.00% |
0 |
0.00% |
0 |
0.00% |
0 |
0.00% |
0 |
|
Write down of tangible and intangible fixed assets |
- |
N/A |
- |
N/A |
- |
N/A |
- |
N/A |
- |
|
Other operating expenses |
50 321 |
23.62% |
40 705 |
-20.77% |
51 374 |
45.06% |
35 416 |
-15.33% |
41 829 |
|
Total Operating Expenses |
721 867 |
-9.92% |
801 330 |
32.32% |
605 592 |
13.61% |
533 059 |
14.84% |
464 156 |
|
Operating Profit |
18 805 |
-32.76% |
27 968 |
-3.72% |
29 049 |
17.27% |
24 771 |
-10.75% |
27 755 |
|
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 |
20 752 |
-6.34% |
22 156 |
-23.60% |
29 000 |
N/A |
- |
N/A |
1 257 |
|
Other financial income |
- |
N/A |
- |
N/A |
- |
N/A |
1 215 |
965.79% |
114 |
|
Financial Income |
20 752 |
-6.34% |
22 156 |
-23.60% |
29 000 |
+ |
1 648 |
-94.21% |
28 444 |
|
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 |
11 985 |
884.80% |
1 217 |
-42.10% |
2 102 |
N/A |
- |
N/A |
1 215 |
|
Other financial expenses |
- |
N/A |
- |
N/A |
- |
N/A |
1 601 |
N/A |
- |
|
Other financial costs |
0 |
0.00% |
0 |
0.00% |
0 |
-100.00% |
1 601 |
18.77% |
1 348 |
|
Financial Expenses |
11 985 |
884.80% |
1 217 |
-42.10% |
2 102 |
31.29% |
1 601 |
-37.53% |
2 563 |
|
Total\net financial items |
8 767 |
-58.13% |
20 939 |
-22.15% |
26 898 |
+ |
47 |
-99.82% |
25 881 |
|
Profit Before Tax |
27 572 |
-43.62% |
48 907 |
-12.58% |
55 946 |
125.43% |
24 818 |
-53.73% |
53 635 |
|
Tax |
2 639 |
-78.65% |
12 359 |
-19.49% |
15 350 |
115.77% |
7 114 |
-10.96% |
7 990 |
|
Profit After Tax |
24 933 |
-31.78% |
36 548 |
-9.97% |
40 597 |
129.31% |
17 704 |
-61.21% |
45 645 |
|
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 |
24 933 |
-31.78% |
36 548 |
-9.97% |
40 597 |
129.31% |
17 704 |
-61.21% |
45 645 |
|
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 |
14 933 |
-43.75% |
26 548 |
-34.61% |
40 597 |
129.31% |
17 704 |
-61.21% |
45 645 |
|
Total transfers and allocations |
24 933 |
-31.78% |
36 548 |
-9.97% |
40 597 |
129.31% |
17 704 |
-61.21% |
45 645 |
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 |
0 |
-100.00% |
500 |
-68.98% |
1 612 |
357.95% |
352 |
-3.56% |
365 |
|
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 |
-100.00% |
500 |
-68.98% |
1 612 |
357.95% |
352 |
-3.56% |
365 |
|
Land & Buildings |
- |
N/A |
- |
N/A |
- |
N/A |
- |
N/A |
0 |
|
Plant & Machinery |
- |
N/A |
- |
N/A |
- |
N/A |
- |
N/A |
- |
|
Ships, rigs, aircraft, etc |
- |
N/A |
- |
N/A |
- |
N/A |
- |
N/A |
- |
|
Operating equipment, fixtures, fittings, tools, office machines,
etc. |
- |
N/A |
- |
N/A |
- |
N/A |
- |
N/A |
- |
|
Other operation factors |
- |
N/A |
- |
N/A |
- |
N/A |
- |
N/A |
- |
|
Total Tangible Assets |
0 |
0.00% |
0 |
0.00% |
0 |
0.00% |
0 |
0.00% |
0 |
|
Shares/investment in subsidiaries |
49 281 |
10.64% |
44 543 |
841.12% |
4 733 |
0.19% |
4 724 |
1.05% |
4 675 |
|
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 |
34 872 |
-10.12% |
38 797 |
1.84% |
38 097 |
-1.36% |
38 623 |
14.87% |
33 623 |
|
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 |
97 113 |
-9.67% |
107 512 |
47.11% |
73 083 |
6.16% |
68 840 |
4.77% |
65 704 |
|
Other fixed assets |
- |
N/A |
- |
N/A |
- |
N/A |
- |
N/A |
- |
|
TOTAL FIXED ASSETS |
97 113 |
-10.09% |
108 012 |
44.60% |
74 696 |
7.95% |
69 192 |
4.73% |
66 069 |
|
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 |
68 754 |
-5.37% |
72 657 |
-4.76% |
76 287 |
30.22% |
58 584 |
14.77% |
51 044 |
|
Inventories |
68 754 |
-5.37% |
72 657 |
-4.76% |
76 287 |
30.22% |
58 584 |
14.77% |
51 044 |
|
Trade Receivables |
- |
N/A |
- |
N/A |
- |
N/A |
- |
N/A |
50 834 |
|
Other Receivables |
219 |
-95.93% |
5 384 |
429.40% |
1 017 |
-77.22% |
4 464 |
-36.97% |
7 082 |
|
Receivables to companies in the same group |
- |
N/A |
- |
N/A |
- |
N/A |
- |
N/A |
- |
|
Total receivable |
78 864 |
-15.27% |
93 082 |
67.05% |
55 720 |
3.03% |
54 083 |
5.44% |
51 292 |
|
Shares and interests in group companies |
- |
N/A |
- |
N/A |
- |
N/A |
- |
N/A |
- |
|
Quoted investment shares |
4 725 |
-28.41% |
6 600 |
34.69% |
4 900 |
-8.12% |
5 333 |
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 |
4 725 |
-28.41% |
6 600 |
34.69% |
4 900 |
-8.12% |
5 333 |
100.00% |
0 |
|
Cash & Bank Deposits |
15 565 |
46.45% |
10 628 |
-55.04% |
23 641 |
301.85% |
5 883 |
2.33% |
5 749 |
|
Total funds/bank/post |
15 565 |
46.45% |
10 628 |
-55.04% |
23 641 |
301.85% |
5 883 |
2.33% |
5 749 |
|
Other current assets |
- |
N/A |
- |
N/A |
- |
N/A |
- |
N/A |
- |
|
TOTAL CURRENT ASSETS |
167 908 |
-8.23% |
182 967 |
13.96% |
160 548 |
29.60% |
123 883 |
14.62% |
108 085 |
|
TOTAL ASSETS |
265 021 |
-8.92% |
290 980 |
23.69% |
235 244 |
21.84% |
193 075 |
10.86% |
174 154 |
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 |
608 |
0.00% |
608 |
0.00% |
608 |
0.00% |
608 |
0.00% |
608 |
|
Own shares (treasury stock) |
- |
N/A |
- |
N/A |
- |
N/A |
- |
N/A |
- |
|
Share Premium Reserve |
3 038 |
0.00% |
3 038 |
0.00% |
3 038 |
0.00% |
3 038 |
0.00% |
3 038 |
|
Other paid-in capital |
0 |
0.00% |
0 |
0.00% |
0 |
N/A |
- |
N/A |
- |
|
Total equity deposits |
3 645 |
0.00% |
3 645 |
0.00% |
3 645 |
0.00% |
3 645 |
0.00% |
3 645 |
|
Valuation reserve |
- |
N/A |
- |
N/A |
- |
N/A |
- |
N/A |
- |
|
Other equity |
152 975 |
1.63% |
150 523 |
14.49% |
131 475 |
29.18% |
101 777 |
12.38% |
90 568 |
|
Minority interests ( Groups ) |
- |
N/A |
- |
N/A |
- |
N/A |
- |
N/A |
- |
|
Total Retained Earnings |
152 975 |
1.63% |
150 523 |
14.49% |
131 475 |
29.18% |
101 777 |
12.38% |
90 568 |
|
Other Reserves |
- |
N/A |
- |
N/A |
- |
N/A |
- |
N/A |
- |
|
TOTAL EQUITY |
156 620 |
1.59% |
154 168 |
14.10% |
135 120 |
28.17% |
105 422 |
11.90% |
94 213 |
|
Long Term Pension Commitments |
- |
N/A |
- |
N/A |
- |
N/A |
- |
N/A |
- |
|
Deferred tax liabilities |
- |
N/A |
- |
N/A |
- |
N/A |
- |
N/A |
- |
|
Other provisions |
- |
N/A |
- |
N/A |
- |
N/A |
- |
N/A |
- |
|
Total provisions for liabilities and charges |
0 |
0.00% |
0 |
0.00% |
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 |
- |
N/A |
- |
N/A |
- |
N/A |
- |
N/A |
- |
|
Long-term group contribution liabilities |
12 896 |
-28.34% |
17 997 |
355.27% |
3 953 |
6.95% |
3 696 |
153.32% |
1 459 |
|
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 |
12 896 |
-28.34% |
17 997 |
355.27% |
3 953 |
6.95% |
3 696 |
153.32% |
1 459 |
|
TOTAL LONG TERM LIABILITIES |
12 896 |
-28.34% |
17 997 |
355.27% |
3 953 |
6.95% |
3 696 |
153.32% |
1 459 |
|
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 |
12 440 |
92.30% |
6 469 |
|
Trade Creditors |
70 463 |
-20.40% |
88 517 |
45.41% |
60 873 |
22.38% |
49 741 |
-13.46% |
57 479 |
|
Payable tax |
560 |
-92.43% |
7 397 |
-55.46% |
16 607 |
134.46% |
7 083 |
-9.59% |
7 834 |
|
Special government taxes |
1 930 |
-56.69% |
4 456 |
577.20% |
658 |
-77.89% |
2 976 |
-13.69% |
3 448 |
|
Suggested dividend |
10 000 |
0.00% |
10 000 |
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 |
95 505 |
-19.62% |
118 814 |
23.54% |
96 172 |
14.55% |
83 957 |
6.98% |
78 482 |
|
TOTAL LIABILITIES |
108 401 |
-20.77% |
136 812 |
36.64% |
100 124 |
14.23% |
87 653 |
9.65% |
79 941 |
|
Total liabilities and equity |
265 021 |
-8.92% |
290 980 |
23.69% |
235 244 |
21.84% |
193 075 |
10.86% |
174 154 |
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 |
72 403 |
12.86% |
64 153 |
-0.35% |
64 376 |
61.24% |
39 926 |
34.87% |
29 603 |
|
|
Net Worth |
156 620 |
1.92% |
153 668 |
15.10% |
133 508 |
27.07% |
105 070 |
11.96% |
93 848 |
|
|
Capital Employed |
169 516 |
-1.54% |
172 165 |
23.79% |
139 073 |
27.45% |
109 118 |
14.05% |
95 672 |
|
|
Man-labour year |
- |
N/A |
- |
N/A |
- |
N/A |
- |
N/A |
- |
|
|
Employees |
0 |
0.00% |
0 |
0.00% |
0 |
0.00% |
0 |
0.00% |
0 |
|
|
General manager salary |
0 |
0.00% |
0 |
0.00% |
0 |
0.00% |
0 |
0.00% |
0 |
|
|
Auditor's remuneration |
- |
N/A |
132 |
N/A |
- |
N/A |
121 |
9.01% |
111 |
|
Ratios
|
Financial Year |
2016 |
2015 |
2014 |
2013 |
2012 |
|
|||||
|
Pre-Tax Profit Margin |
3.72 |
5.90 |
8.82 |
4.45 |
10.90 |
||||||
|
Return on Capital Employed |
16.27 |
28.41 |
40.23 |
22.74 |
56.06 |
||||||
|
Return on Total Assets Employed |
10.40 |
16.81 |
23.78 |
12.85 |
30.80 |
||||||
|
Return on Net Assets Employed |
17.60 |
31.72 |
41.40 |
23.54 |
56.93 |
||||||
|
Sales/Net Working Capital |
10.23 |
12.93 |
9.86 |
13.97 |
16.62 |
||||||
|
Stock Turnover Ratio |
9.28 |
8.76 |
12.02 |
10.50 |
10.38 |
||||||
|
Debtor Days |
- |
- |
- |
- |
37.72 |
||||||
|
Creditor Days |
34.72 |
38.96 |
35.01 |
32.55 |
42.65 |
||||||
|
Current Ratio |
1.76 |
1.54 |
1.67 |
1.48 |
1.38 |
||||||
|
Liquidity Ratio/Acid Test |
1.04 |
0.93 |
0.88 |
0.78 |
0.73 |
||||||
|
Current Debt Ratio |
0.61 |
0.77 |
0.71 |
0.80 |
0.83 |
||||||
|
Solvency Ratio |
59.10 |
52.98 |
57.44 |
54.60 |
54.10 |
||||||
|
Equity in Percentage |
93.28 |
84.26 |
84.16 |
85.10 |
87.17 |
||||||
|
Total Debt Ratio |
0.69 |
0.89 |
0.74 |
0.83 |
0.85 |
||||||
No Auditor Remarks information available for the company
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 65.13 |
|
|
1 |
INR 91.95 |
|
Euro |
1 |
INR 80.34 |
|
NOK |
1 |
INR 8.43 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
VIV |
|
|
|
|
Report Prepared
by : |
TRU |
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.