MIRA INFORM REPORT

 

 

Report Date :

15th November, 2006

 

IDENTIFICATION DETAILS

 

Name :

AKTIESELSKABET AF 4.1.1994

 

 

Registered Office :

STORSKOVVEJ 20 8260 VIBY J, Denmark

 

 

Country :

Denmark

 

 

Financials (as on) :

31.07.2005

 

 

Date of Incorporation :

06.08.1988

 

 

Com. Reg. No.:

67756819 A/S

 

 

Legal Form :

Limited company

 

 

Line of Business :

Wholesale clothing and footwear

 

RATING & COMMENTS

 

MIRA’s Rating :

Aaa

 

RATING

STATUS

PROPOSED CREDIT LINE

>86

Aaa

Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums

Unlimited

 

Status :

Good

 

 

Payment Behaviour :

Regular

 

 

Litigation :

Clear

 

 

Main name

 

AKTIESELSKABET AF 4.1.1994

 

 

Main address

 

STORSKOVVEJ 20

City                              8260 VIBY J

Country                         Denmark

Phone-no.                     +45-99-423900

 

 

Nat. partner ID-no.

 

171274

 

 

ID-/Reg.-no.

 

67756819 A/S

 

 

Legal form

 

Limited company

 

 

Company Status

 

Active

 

 

Latest change

 

2006-10-28

 

 

Activity

 

51.42 Wholesale clothing and footwear

 

 

No of employees

 

empl 94

Management Information

 

Management

ANDERS HOLCH POVLSEN (Managing director)

 

Board of directors

FINN POULSEN (Member of the board)

ANDERS HOLCH POVLSEN (Member of the board)

TROELS HOLCH POVLSEN (Member of the board)

 

 

Historical Data

 

Established

1982

 

Registered

1988-08-06

 

 

Credit Facilities

 

Bankers

NORDEA BANK DANMARK A/S BRANDE AFDELING STOREGADE

- 30 7330 BRANDE

 

 

Financial data

 

Currency             Danish Kroner

 

 

 

Closing date                 2005-07-31        2004-07-31        2003-07-31

 

Source                      Ann. report       Ann. report       Ann. report

 

Turnover                    420.397.000       297.936.000       304.152.000

Costs                       359.769.000       278.432.000       267.331.000

Ordinary result              96.962.000        32.581.000        64.473.000

Tax                          26.666.000         9.970.000        19.484.000

Annual result                70.296.000        22.611.000        44.989.000

 

<* Assets *>

Fixed assets                 26.040.000        29.350.000        32.962.000

Current assets              200.033.000       110.228.000       133.889.000

 

<* Liabilities *>

Equity capital               80.079.000        69.303.000        67.065.000

Share capital                 6.300.000         6.300.000         6.300.000

Short-term debts            145.555.000        69.995.000        99.303.000

 

<* Company Ratios *>

Gearing I                        269,35            175,19            291,19

Acid test ratio I                137,43            157,48            134,83

Acid test ratio II               118,42            118,14            118,07

Return on investment              26,82             13,97             22,07

Return on equity                 121,08             47,01             96,14

Solvency ratio                    35,42             49,65             40,19

 

 

Property             

 

No

 

 

Corporate Structure 

 

Subsidiaries         

VILA NORGE AS (100%)

VITA VERDE SVERIGE AB (84%)

VILA CLOTHES LTD (100%)

VILA CLOTHES BENELUX BV (100%)

VILA CLOTHES AG (100%)

 

Associated business  

AKTIESELSKABET AF 2/12 1998 (ID:809959) (50%)

AKTIESELSKABET AF 1.8.2000 (ID:1052357) (50%)

VILA RETAIL LTD (50%)

 

Secondary names(s)   

VILA A/S

 

 

Payment profile      

 

Payment regular

 

 

Credit Summary 

 

Rating               84

 

Risk class           Very low

 

Credit limit         Estimated 10.000.000

 

 

 

RATING EXPLANATIONS

 

 

RATING

STATUS

PROPOSED CREDIT LINE

>86

Aaa

Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums

Unlimited

71-85

Aa

Possesses adequate working capital. No caution needed for credit transaction. It has above average (strong) capability for payment of interest and principal sums

Large

56-70

A

Financial & operational base are regarded healthy. General unfavourable factors will not cause fatal effect. Satisfactory capability for payment of interest and principal sums

Fairly Large

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

26-40

B

Unfavourable & favourable factors carry similar weight in credit consideration. Capability to overcome financial difficulties seems comparatively below average/normal.

Small

11-25

Ca

Adverse factors are apparent. Repayment of interest and principal sums in default or expected to be in default upon maturity

Limited with full security

<10

C

Absolute credit risk exists. Caution needed to be exercised

Credit not recommended

NR

In view of the lack of information, we have no basis upon which to recommend credit dealings

No Rating

 

 

 

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