MIRA INFORM REPORT

 

 

Report Date :

1st January, 2007

 

IDENTIFICATION DETAILS

 

Name :

INTEGRA TRADING APS

 

 

Registered Office :

Stubbeled 2, DK-2950 VEDBÆK

 

 

Country :

Denmark

 

 

Financials (as on) :

30.04.2006

 

 

Date of Incorporation :

24.11.1989

 

 

Com. Reg. No.:

ApS188151

 

 

Legal Form :

Limited Liability Company

 

 

Line of Business :

Subject was established due to request from many clients within the Food Processing and Temperature Controlled Storage Industry to work with a company able to provide conceptual design of hygienic and temperature controlled facilities, and subsequently also be able to supply and install materials and equipment according to this design.

 

RATING & COMMENTS

 

MIRA’s Rating :

C

 

RATING

STATUS

PROPOSED CREDIT LINE

<10

C

Absolute credit risk exists. Caution needed to be exercised

Credit not recommended

 

Status :

Small Company

 

 

Payment Behaviour :

Unknown

 

 

Litigation :

Clear

 

COMPANY’S NAME  

 

INTEGRA TRADING APS

 

 

ADDRESS

 

Stubbeled 2

DK-2950 VEDBÆK

                                                        

TELEPHONE-NO                                +45 45 66 00 44

TELEFAX-NO                                     +45 45 66 05 10

E-MAIL-ADDRESS                             integra@pip.dknet.dk

 

 

LOCAL CURRENCY  

 

D K K                                               

 

 

FOUNDATION

 

1988 – Registered 24.11.1989

 

                                                        

CENTRAL BUSINESS-REG-NO  

 

13-68-85-32

 

 

COMPANY REG-NO  

 

ApS188151

 

 

EU-VAT-ID-NO    

 

DK13688532

 

 

LEGAL FORM

 

Limited Liability Company

 

 

NOMINAL CAPITAL 

 

DKK 125.000

 

 

PARENT COMPANY 

 

DK14131299

Integra Holding ApS

 

 

AUDITORS

 

Deloitte

Datavej 58

3460 BIRKERØD

 

 

BOARD OF DIRECTORS

 

Carsten Thorsen

Michael Niels Thorsen

Peter Thorsen

 

 

MANAGING DIRECTOR 

 

Carsten Thorsen

 

                                                        

ACTIVITY

 

Subject was established in 1988 due to request from many clients within the Food Processing and Temperature Controlled Storage Industry to work with a company able to provide conceptual design of hygienic and temperature controlled facilities, and subsequently also be able to supply and install materials and equipment according to this design.

 

They have designed, supplied and installed projects within the Meat Processing Industry in many different countries worldwide, most recently a very large Meat Processing Plant in Macedonia, a large Slaughterhouse and Processing Facility in Serbia and a Meat Processing Facility in Spain.

 

 

TRADENAME

 

CT-Technologies ApS

 

 

EMPLOYEES 

 

1

 

 

TURNOVER   

 

30.04.2003 DKK 18.262.000

30.04.2004 DKK 15.395.000

30.04.2005 DKK  7.882.000

30.04.2006 DKK 11.656.000

 

 

SUBSIDIARIES   

 

DK10098416

Restaurationsselskabet af 10/3-03 ApS

 

 

PARTICIPATIONS    

 

DK27235131

Reftech A/S                                           25 %

 

Cool & Frost DOO                              50 %

 

 

FINANCIAL STANDING 

 

Weak, according to latest accounts. Futher development to follow.

 

 

ACCOUNTS   

 

See latest published figures on page 3.

 

 

REAL ESTATE    

 

None registered

 

 

PAYMENTS   

 

Nothing detrimental has been noted.

 

 

BANKERS

 

A/S Jyske Bank

 

 

CREDIT OPINION

 

Any credits against full securities.

 

MAX CREDIT 30 DAYS                       Can’t be figured

 

 

PROFIT & LOSS ACCOUNT

 

ACCOUNTS CLOSED AT                                   30.04.2006                    30.04.2005

 

EXTRACT IN 1000 DKK

 

OPERATING RESULTS                                                      -2                             -495

 

RESULTS BEFORE TAXES                                            -343                              -528

 

YEAR’S NET RESULT                                                   -195                              -345

             

TOTAL ASSETS                                                           6.735                            4.672

 

ASSETS

FIXED ASSETS                                                             502                              546

 

-Machines & equipments                                                  14                                  25

 

-Financial assets                                                           487                              521

 

CURENT ASSETS                                                      6.233                            4.126

 

-Receivables                                                               5.961                            3.661

 

-Inventories                                                                    125                              126

 

-Cash, bank etc.                                                            147                              339

 

 

EQUITY & LIABILITIES

 

SHORTTERM LIABILITIES                                           6.938                          4.680

-Bankers                                                                    5.339                          2.374

 

LONGTERM LIABILITIES                                                  0                                0

                   

PROVISIONS/RESERVES                                               0                                0

 

SHAREHOLDER’S EQUITY                                          -204                                -8

 

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