MIRA
INFORM REPORT
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Report Date : |
16.04.2007 |
IDENTIFICATION
DETAILS
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Name : |
SKAGEN TRÅDINDUSTRI I/S |
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Registered Office : |
Anker Engelunds
Vej 4, DK-9200 Aalborg Sv |
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Country : |
Denmark |
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Date of Incorporation : |
1986 |
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Legal Form : |
General
Partnership Company |
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Line of Business : |
Production and
distribution of wire products. |
RATING &
COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 200.000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
COMPANY’S NAME
SKAGEN TRÅDINDUSTRI I/S
ADDRESS
Anker Engelunds Vej 4
DK-9200 AALBORG SV
TELEPHONE-NO +45 70 20 05 07
TELEFAX-NO +45 70 20 05 25
E-MAIL-ADDRESS info@skagen-traad.sk
LOCAL CURRENCY
D K K
FOUNDATION
Originally 1986 founded as SIMONSEN A/S Present
form since 01.07.2003.
CENTRAL BUSINESS-REG-NO
27-39-33-73
EU-VAT-ID-NO
DK27393373
LEGAL FORM
General Partnership Company
GENERAL PARTNERS
Knud Erik Frederiksen
Mads Frederiksen
MANAGING DIRECTOR
Knud Erik Frederiksen
ACTIVITY
Production and distribution of wire products.
EMPLOYEES
8
TURNOVER
DK 15.000.000 approx. p.a.
FINANCIAL STANDING
Seem to be orderly. However, a closer insight was not
possible.
ACCOUNTS
Accounts are not published or made available.
REAL ESTATE
Own facilities. Trade value of the total property is estimated to be DKK 15.000.000.
PAYMENTS
Nothing detrimental has been noted.
BANKERS
Danske Bank A/S
Nordjyske Bank A/S
OVERDRAFT LIMIT
DKK 800.000
CREDIT OPINION
USD 200.000,- against documents admissible
RATING
EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit consideration.
Capability to overcome financial difficulties seems comparatively below
average/normal. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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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 and their relative weights (as indicated through
%) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)