MIRA INFORM REPORT

 

 

Report No. :

508400

Report Date :

15.05.2018

 

 

IDENTIFICATION DETAILS

 

Name :

TIBNOR AS

 

 

Formerly Known As :

RUUKKI NORGE AS

 

 

Registered Office :

Tevlingveien 15, 1081 OSLO

 

 

Country :

Norway

 

 

Financials (as on) :

2016

 

 

Date of Incorporation :

19.02.1995

 

 

Com. Reg. No.:

911032767

 

 

Legal Form :

Limited company

 

 

Line of Business :

Processing of Metals

 

 

No. of Employees :

141

 

 

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 :

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. However, as a member of the European Economic Area, Norway partially participates in the EU’s single market and contributes sizably to the EU budget.

The country is richly endowed with natural resources such as oil and gas, fish, forests, and minerals. Norway is a leading producer and the world’s second largest exporter of seafood, after China. The government manages the country’s petroleum resources through extensive regulation. The petroleum sector provides about 9% of jobs, 12% of GDP, 13% of the state’s revenue, and 37% of exports, according to official national estimates. Norway is one of the world's leading petroleum exporters, although oil production is close to 50% below its peak in 2000. Gas production, conversely, has more than doubled since 2000. Although oil production is historically low, it rose in 2016 for the third consecutive year due to the higher production of existing oil fields and to new fields coming on stream. Norway’s domestic electricity production relies almost entirely on hydropower.

In anticipation of eventual declines in oil and gas production, Norway saves state revenue from petroleum sector activities in the world's largest sovereign wealth fund, valued at over $1 trillion at the end of 2017. To help balance the federal budget each year, the government follows a “fiscal rule,” which states that spending of revenues from petroleum and fund investments shall correspond to the expected real rate of return on the fund, an amount it estimates is sustainable over time. In February 2017, the government revised the expected rate of return for the fund downward from 4% to 3%.

After solid GDP growth in the 2004-07 period, the economy slowed in 2008, and contracted in 2009, before returning to modest, positive growth from 2010 to 2017. The Norwegian economy has been adjusting to lower energy prices, as demonstrated by growth in labor force participation and employment in 2017. GDP growth was about 1.5% in 2017, driven largely by domestic demand, which has been boosted by the rebound in the labor market and supportive fiscal policies. Economic growth is expected to remain constant or improve slightly in the next few years.

 

Source : CIA

 

Company Name And Address

 

Company Name

TIBNOR AS

 

Company Number

911032767

Legal Form

Limited company

Status

Active

Address

Tevlingveien 15

City

1081 OSLO

Website Address

-

Telephone

22909000

Register Type

Register of Business Enterprises and VAT Register

Share Capital

2 310 000

E-mail Address

firmapost@ruukki.com

Previous Name

RUUKKI NORGE AS

Fax Number

-

Name Change Date

30/06/2009

Currency

NOK

Registration Date

19/02/1995

Number of Employees

141

 

 

Postal Address

 

Address

City

Postboks 140 , FURUSET

1001 OSLO

 

 

Key Financials

 

Year to Date

Sales Revenue

Profit Before Tax

Total Equity

2016

1 438 974

20 233

355 159

2015

1 488 880

142 015

379 024

2014

1 675 467

62 495

284 435

2013

1 745 271

-3 056

270 009

2012

1 952 152

60 980

289 996

 

 

 

Industry

 

Main Industry Code & Description

25.620 Processing of Metals

Secondary Industry Code & Description

-

Other Industry Code & Description

-

Sector Code

717

 

 

Ultimate Holding Company

 

Safe Number

Company Name

Country Flag

Company Number

-

TIBNOR AB

-

-

 

 

Summary

 

Type

Number

Total Amount

Unsettled ROP

0

0

Partly Settled ROP

0

0

Voluntary Pledge

0

0

 

Voluntary Pledge (Not Negative)

Type

Date

Ref Nr

Amount

Creditor

Status

-

-

-

-

-

-

 

 

 

Company Name

Company Number

Last Account Published

Revenue

1

TIBNOR AB

-

-

-

2

TIBNOR AS

-

31/12/2016

1 438 974 KNOK

 

 

Current Directors

 

Name

Address

Date of Birth

Function

Nyquist, Sven Mikael

Ymervägen 14 B 18267 Djursholm

27/02/1963

General manager/CEO

Nyquist, Sven Mikael

Ymervägen 14 B 18267 Djursholm

27/02/1963

Chairman of the board

Borgman, Johannes

Tomtebogatan 33 SE-11338 Stockholm

18/06/1980

Deputy chairman

Borge, Tohnny

Solfallsveien 12 B ÅS 1430

07/01/1966

Board member(s)

Bryne, Morten

Strømsveien 20 Leilighet 202 OSLO 0657

16/01/1962

Board member(s)

Olsson, Lars Anders

Backes väg 6 SE-78454 Borlänge

13/06/1974

Board member(s)

Evensen, Rune

Kårtorpvegen 27 FURNES 2320

18/09/1957

Deputy board member/substitute

Simonsen, Espen

Bogerudslyngen 37 OSLO 0692

14/06/1971

Deputy board member/substitute

Strand, Robin Mikael

Konows Gate 22 E OSLO 0196

07/10/1986

Deputy board member/substitute

Torgersen, Maria-Montserrat Westgaard

Oberst Rodes Vei 119 A OSLO 1165

11/10/1965

Deputy board member/substitute

 

 

Signature

 

Signature

Styrets leder og nestleder hver for seg eller daglig leder alene.

 

 

Procurement

 

Procurement

Daglig leder alene.
To i fellesskap.

Joint Procurement

Stein Michel Ekrem
Erik Westby Tønnesen
Finn Kamås
Thomas Holten Mysterud

 

 

Auditors

 

Name

Company Number

Status

Date

PRICEWATERHOUSECOOPERS AS

987009713

Active

01/07/2015

 

 

Shareholders

 

Shareholder Name

Number of Shares

Percentage Share

TIBNOR AB

66

100.00

 

Group Linkages

No Group Linkages information available for the company

 

Announcements

 

Date

Announcement Type

17/07/2017

APPROVED END OF YEAR REPORT AND ACCOUNTS

06/03/2017

CHANGE OF BUSINESS ADDRESS

13/12/2016

Completion of merger

13/12/2016

Completion of merger

26/10/2016

Merger decision

25/10/2016

Merger decision

25/06/2016

APPROVED END OF YEAR REPORT AND ACCOUNTS

25/04/2016

CHANGE OF BOARD OF DIRECTORS

19/04/2016

CHANGE OF GENERAL MANAGER

01/07/2015

CHANGE OF AUDITOR

01/07/2015

CHANGE OF BOARD OF DIRECTORS

12/05/2015

APPROVED END OF YEAR REPORT AND ACCOUNTS

07/05/2015

CHANGE IN BUSINESS NAME

07/05/2015

CHANGE OF MISSION/BUSINESS/INDUSTRY

07/05/2015

CHANGE OF DATE IN ARTICLES OF ASSOCIATON

28/07/2014

CHANGE OF BOARD OF DIRECTORS

09/07/2014

APPROVED END OF YEAR REPORT AND ACCOUNTS

25/06/2014

APPROVED END OF YEAR REPORT AND ACCOUNTS

13/02/2014

CHANGE OF BOARD OF DIRECTORS

31/07/2013

APPROVED END OF YEAR REPORT AND ACCOUNTS

Company Name

Company Number

Industry Code

Address

City

Telephone

Status

TIBNOR AS AVD TRONDHEIM

976077016

25.620

Styrmannsgata 6

1001 OSLO

-

Active

TIBNOR AS AVD HAMAR

976077229

46.720

Olrud Handelspark Kårtorpvegen 1

1001 OSLO

-

Active

TIBNOR AS AVD ØRSTA

973150685

25.620

Industrivegen 28A

1001 OSLO

22306530

Active

TIBNOR AS AVD BRYNE

973150707

25.620

Jærvegen 142

1001 OSLO

51664046

Active

TIBNOR AS AVD OSLO

974310554

25.620

Tevlingveien 15

1001 OSLO

22306530

Active

TIBNOR AS AVD BERGER

894275782

46.720

Bølerveien 77

1001 OSLO

-

Active

RUUKKI NORGE AS AVD TROMSØ

986138153

46.720

Håndverkervegen 10

1001 OSLO

-

Deleted

TIBNOR AS AVD FAUSKE

986138110

46.720

Sjøgata 86

1001 OSLO

-

Active

TIBNOR AS AVD KRISTIANSAND

973150693

25.620

Mjåvannsvegen 154

1001 OSLO

22306530

Active

TIBNOR AS AVD STAVANGER

918149449

46.720

Gamle Forusveien 8

1001 OSLO

-

Active

TIBNOR AS AVD TØNSBERG

994275860

46.720

Smidsrødveien 95

1001 OSLO

-

Active

TIBNOR AS AVD HAUGESUND

973150669

46.720

Nylandsvegen 25

1001 OSLO

22306530

Active

TIBNOR AS AVD SKIEN

973150650

46.720

Bedriftsvegen 42

1001 OSLO

22306530

Active

TIBNOR AS AVD FREDRIKSTAD

983635083

25.620

Sørkilen 2

1001 OSLO

-

Active

TIBNOR AS AVD BERGEN

976077067

25.620

Janaflaten 37

1001 OSLO

-

Active

 

 

Financials

 

ResultsNOK

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

1 438 974

-3.35%

1 488 880

-11.14%

1 675 467

-4.00%

1 745 271

-10.60%

1 952 152

Other operating income

13 184

-91.13%

148 641

+

5 129

108.41%

2 461

-21.75%

3 145

Total Operating Income

1 452 159

-11.32%

1 637 521

-2.56%

1 680 596

-3.84%

1 747 732

-10.62%

1 955 297

Cost of stocks

1 154 473

-4.52%

1 209 173

-10.37%

1 349 100

-3.99%

1 405 169

-11.66%

1 590 687

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

112 466

-2.92%

115 849

-4.12%

120 824

0.31%

120 453

-5.56%

127 543

Depreciation

2 735

-38.46%

4 444

-8.97%

4 882

-14.62%

5 718

-7.95%

6 212

Write down of tangible and intangible fixed assets

-

N/A

-

N/A

-

N/A

-

N/A

-

Other operating expenses

161 970

12.07%

144 528

9.14%

132 430

-3.90%

137 807

-5.65%

146 067

Total Operating Expenses

1 431 644

-2.88%

1 474 151

-8.30%

1 607 657

-3.68%

1 669 019

-11.08%

1 877 026

Operating Profit

20 515

-87.44%

163 370

123.98%

72 939

-7.34%

78 713

0.56%

78 271

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

27

-91.82%

330

164.00%

125

-48.13%

241

20.50%

200

Other interest income

-

N/A

-

N/A

-

N/A

-

N/A

-

Other financial income

3 037

-9.88%

3 370

-7.54%

3 645

-55.13%

8 123

-82.57%

46 596

Financial Income

3 064

-17.19%

3 700

-1.86%

3 770

-54.93%

8 364

-82.13%

46 796

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

499

-91.33%

5 757

-19.17%

7 122

34.71%

5 287

0.15%

5 279

Other interest expenses

-

N/A

-

N/A

-

N/A

-

N/A

-

Other financial expenses

2 848

-85.24%

19 298

172.11%

7 092

-91.64%

84 846

44.28%

58 808

Other financial costs

2 848

-85.24%

19 298

172.11%

7 092

-91.64%

84 846

44.28%

58 808

Financial Expenses

3 346

-86.65%

25 055

76.27%

14 214

-84.23%

90 133

40.64%

64 087

Total\net financial items

-282

98.68%

-21 355

-104.47%

-10 444

87.23%

-81 769

-372.90%

-17 291

Profit Before Tax

20 233

-85.75%

142 015

127.24%

62 495

+

-3 056

-105.01%

60 980

Tax

5 549

-86.27%

40 419

131.42%

17 466

-17.20%

21 093

1.74%

20 732

Profit After Tax

14 683

-85.55%

101 596

125.62%

45 029

286.46%

-24 149

-160.00%

40 248

Extraordinary Result

-4 177

46.59%

-7 821

81.34%

-41 921

-835.46%

5 700

100.00%

0

Net profit\loss for the year before miniority interests

-

N/A

-

N/A

-

N/A

-

N/A

-

Tax on extraordinary result

0

100.00%

-2 111

81.35%

-11 318

-835.41%

1 539

100.00%

0

Minority share before year result

-

N/A

-

N/A

-

N/A

-

N/A

-

Net Result after Dividends

10 507

-89.04%

95 886

564.67%

14 426

172.17%

-19 988

-149.66%

40 248

Dividends

-

N/A

-

N/A

-

N/A

-

N/A

-

Group contributions

-

N/A

-

N/A

-

N/A

-

N/A

47 453

Allocation other equity/covering of previous uncovered loss

-39 493

-140.64%

97 183

N/A

-

N/A

-

N/A

-39 504

Total transfers and allocations

10 507

-89.04%

95 886

100.00%

0

0.00%

0

-100.00%

40 248

 

 

Assets

NOK

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

2 652

940.00%

255

-46.32%

475

N/A

-

N/A

-

Deferred tax asset

4 192

100.00%

0

-100.00%

3 200

100.00%

0

0.00%

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

6 844

+

255

-93.06%

3 675

915.19%

362

-36.93%

574

Land & Buildings

552

-80.56%

2 839

-85.36%

19 398

-6.87%

20 828

-6.45%

22 264

Plant & Machinery

5 085

-32.26%

7 507

-12.09%

8 539

N/A

-

N/A

-

Ships, rigs, aircraft, etc

-

N/A

-

N/A

-

N/A

-

N/A

-

Operating equipment, fixtures, fittings, tools, office machines, etc.

6 767

N/A

-

N/A

-

N/A

11 631

-25.66%

15 645

Other operation factors

-

N/A

-

N/A

-

N/A

-

N/A

-

Total Tangible Assets

12 404

19.89%

10 346

-62.97%

27 937

-13.93%

32 459

-14.38%

37 909

Shares/investment in subsidiaries

-

N/A

153 265

-10.97%

172 151

31.38%

131 034

-13.46%

151 415

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

0

0.00%

0

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

35 962

-79.78%

177 846

-5.96%

189 120

6.00%

178 408

-7.67%

193 229

Other fixed assets

-

N/A

-

N/A

-

N/A

-

N/A

-

TOTAL FIXED ASSETS

55 210

-70.70%

188 447

-14.63%

220 732

4.50%

211 229

-8.84%

231 712

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

299 412

-1.40%

303 649

-5.91%

322 728

23.27%

261 803

-4.08%

272 931

Inventories

299 412

-1.40%

303 649

-5.91%

322 728

23.27%

261 803

-4.08%

272 931

Trade Receivables

192 515

15.37%

166 871

-19.24%

206 629

-7.87%

224 280

11.18%

201 727

Other Receivables

35 962

46.30%

24 581

44.86%

16 969

-64.18%

47 374

13.30%

41 814

Receivables to companies in the same group

13 809

-12.98%

15 869

N/A

-

N/A

-

N/A

-

Total receivable

215 210

11.47%

193 067

-10.49%

215 694

-7.52%

233 243

10.25%

211 564

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

51 075

182.00%

18 112

-24.30%

23 926

-57.97%

56 931

-6.62%

60 965

Total funds/bank/post

51 075

182.00%

18 112

-24.30%

23 926

-57.97%

56 931

-6.62%

60 965

Other current assets

-

N/A

-

N/A

-

N/A

-

N/A

-

TOTAL CURRENT ASSETS

565 697

9.88%

514 828

-8.45%

562 348

1.88%

551 977

1.19%

545 460

TOTAL ASSETS

620 908

-11.71%

703 275

-10.19%

783 080

2.60%

763 206

-1.80%

777 172

 

Equity And Liabilities

NOK

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

2 310

0.00%

2 310

0.00%

2 310

0.00%

2 310

0.00%

2 310

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

12 357

N/A

-

N/A

-

N/A

-

N/A

-

Total equity deposits

14 667

534.94%

2 310

0.00%

2 310

0.00%

2 310

0.00%

2 310

Valuation reserve

-

N/A

-

N/A

-

N/A

-

N/A

-

Other equity

340 493

-9.61%

376 714

33.53%

282 125

5.39%

267 699

-6.95%

287 686

Minority interests ( Groups )

-

N/A

-

N/A

-

N/A

-

N/A

-

Total Retained Earnings

340 493

-9.61%

376 714

33.53%

282 125

5.39%

267 699

-6.95%

287 686

Other Reserves

-

N/A

-

N/A

-

N/A

-

N/A

-

TOTAL EQUITY

355 159

-6.30%

379 024

33.26%

284 435

5.34%

270 009

-6.89%

289 996

Long Term Pension Commitments

14 797

-10.66%

16 562

-4.31%

17 308

6.16%

16 304

-10.05%

18 126

Deferred tax liabilities

-

N/A

22 146

100.00%

0

-100.00%

6 449

451.67%

1 169

Other provisions

0

-100.00%

18 395

268.05%

4 998

N/A

-

N/A

-

Total provisions for liabilities and charges

14 797

-74.09%

57 103

156.00%

22 306

-1.96%

22 753

17.92%

19 295

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

0

-100.00%

210 000

0.00%

210 000

90.91%

110 000

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

-

N/A

-

N/A

210 000

0.00%

210 000

90.91%

110 000

TOTAL LONG TERM LIABILITIES

14 797

-74.09%

57 103

-75.42%

232 306

-0.19%

232 753

80.02%

129 295

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

147 595

9.58%

134 697

N/A

-

N/A

161 387

19.06%

135 549

Payable tax

-

N/A

0

-100.00%

644

N/A

-

N/A

-

Special government taxes

10 413

-19.95%

13 008

4.90%

12 400

-4.58%

12 995

-5.32%

13 725

Suggested dividend

50 000

N/A

-

N/A

-

N/A

-

N/A

-

Short Term Liabilities to Group

14 832

N/A

-

N/A

91 114

47.03%

61 971

-5.97%

65 907

Other creditors

-

N/A

-

N/A

-

N/A

-

N/A

-

TOTAL CURRENT LIABILITIES

250 952

-6.06%

267 148

0.30%

266 339

2.26%

260 444

-27.23%

357 883

TOTAL LIABILITIES

265 748

-18.04%

324 251

-34.97%

498 645

1.10%

493 197

1.24%

487 178

Total liabilities and equity

620 908

-11.71%

703 275

-10.19%

783 080

2.60%

763 206

-1.80%

777 174

 

Miscellaneous

NOTE: All values displayed in 1000

Financial Year

2016

2015

2014

2013

2012

Total Exports

29 915

-18.92%

36 897

N/A

-

N/A

27 389

N/A

-

Working Capital

314 745

27.08%

247 680

-16.33%

296 009

1.54%

291 533

55.42%

187 577

Net Worth

348 315

-8.04%

378 769

34.91%

280 760

4.12%

269 647

-6.83%

289 422

Capital Employed

369 956

-15.17%

436 127

-15.60%

516 741

2.78%

502 762

19.91%

419 291

Man-labour year

156

-3.11%

161

-13.90%

187

2.75%

182

-0.55%

183

Employees

161

-1.83%

164

-13.68%

190

3.26%

184

-1.08%

186

General manager salary

-

N/A

1 445

3.96%

1 390

0.94%

1 377

5.03%

1 311

Auditor's remuneration

362

4.62%

346

6.46%

325

-21.69%

415

-6.32%

443

 

Ratios

Financial Year

2016

2015

2014

2013

2012

Pre-Tax Profit Margin

1.41

9.54

3.73

-0.18

3.12

Return on Capital Employed

5.47

32.56

12.09

-0.61

14.54

Return on Total Assets Employed

3.26

20.19

7.98

-0.40

7.85

Return on Net Assets Employed

5.70

37.47

21.97

-1.13

21.03

Sales/Net Working Capital

4.57

6.01

5.66

5.99

10.41

Stock Turnover Ratio

20.81

20.39

19.26

15.00

13.98

Debtor Days

48.83

40.91

45.01

46.91

37.72

Creditor Days

37.44

33.02

-

33.75

25.34

Current Ratio

2.25

1.93

2.11

2.12

1.52

Liquidity Ratio/Acid Test

1.06

0.79

0.90

1.11

0.76

Current Debt Ratio

0.71

0.70

0.94

0.96

1.23

Solvency Ratio

57.20

53.89

36.32

35.38

37.31

Equity in Percentage

61.44

72.17

48.19

46.20

49.71

Total Debt Ratio

0.75

0.86

1.75

1.83

1.68

No Auditor Remarks information available for the company

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

INR 67.32

UK Pound

1

INR 91.25

Euro

1

INR 80.51

NOK

1

INR 8.40

 

Note : Above are approximate rates obtained from sources believed to be correct

 

 

INFORMATION DETAILS

 

Analysis Done by :

PRI

 

 

Report Prepared by :

KET

                                                


 

RATING EXPLANATIONS

 

Credit Rating

Explanation

Rating Comments

A++

Minimum Risk

Business dealings permissible with minimum risk of default

A+

Low Risk

Business dealings permissible with low risk of default

A

Acceptable Risk

Business dealings permissible with moderate risk of default

B

Medium Risk

Business dealings permissible on a regular monitoring basis

C

Medium High Risk

Business dealings permissible preferably on secured basis

D

High Risk

Business dealing not recommended or on secured terms only

NB

New Business

No recommendation can be done due to business in infancy stage

NT

No Trace

No recommendation can be done as the business is not traceable

 

NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.

 

This score serves as a reference to assess SC’s credit risk and to set the amount of credit to be extended. It is calculated from a composite of weighted scores obtained from each of the major sections of this report. The assessed factors are as follows:

 

·         Financial condition covering various ratios

·         Company background and operations size

·         Promoters / Management background

·         Payment record

·         Litigation against the subject

·         Industry scenario / competitor analysis

·         Supplier / Customer / Banker review (wherever available)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.