Commercial Credit Report for Vardar AS

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	Vardar AS
Ovre Eikervei 14
Phone: +47 32201400p:+47 32201400	DRAMMEN, 3048 Norway	Fax: +47 32201410f:+47 32201410

Business Summary

Vardar AS is a Norway-based Company which is engaged in investments in renewable energy. The Company operates mostly through its subsidiaries and includes the business areas: Sparkling Energy, responsible for sale of power to end users and business; Hydropower, which consists of VARDAR VANNKRAFT AS and is engaged in energy production at a power plant; Wind Power, which consists of VARDAR BOREAS AS and is engaged in wind power production; and District Heating, which consists of VARDAR VARME AS that is engaged in production and sale of district heating.

(Source: 10QSB)

Scores and Ratings

FRISK^® Score	Z'' Score	PAYCE^® Score	DBT Index	Moody's Rating	Fitch Rating	DBRS Rating
Yes	-	-	-	-	-	-

Financials, News and Filings

Latest Statement	Last Audit	News	SEC Filings	Bankruptcy Filings	Suit & Judgment Filings	Tax Lien Filings
12/31/2023	12/31/2023	Yes	-	-	-	-

Industries

SIC Code	Description
4911	Electric services
6512	Operators of nonresidential buildings

Officers and Directors

Title	Name	Age	Title Date	Start Date
Chairman of the Board	RoarFlathen	74	6/1/2016	6/1/2016
Chief Executive Officer	RobertOlsen
Chief Financial Officer	IrenBogen		1/1/2023
Chief Executive Officer - Vardar Varme	KjetilBockmann
Senior Vice President - Wind Power	KristinAnkile		1/1/2023

General Information

Number of Employees:	18	(As of 12/31/2022)
Outstanding Shares:	49,054	(As of 12/31/2023)
Fax Number:	+47 32201410

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