MIRA
INFORM REPORT
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Report Date : |
07.11.2007 |
IDENTIFICATION
DETAILS
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Name : |
DANISCO A/S |
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Registered Office : |
Langebrogade 1, 1411, Kobenhavn K |
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Country : |
Denmark |
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Financials (as on) : |
30.04.2007 |
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Date of Incorporation : |
1881 |
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Com. Reg. No.: |
11350356 |
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Legal Form : |
Limited Company |
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Line of Business : |
24.66 Prod. other chemical products n.e.c. |
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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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
Company ID
Main name DANISCO A/S
Main address LANGEBROGADE 1
City 1411 KØBENHAVN K
Country Denmark
Phone-no. +45-32-662000
Fax-no. +45-32-662175
Nat. partner ID-no. 139710
ID-/Reg.-no. 11350356 A/S
Legal form Limited company
Company Status Active
Latest change 2007-10-26
Activity
Activity 24.66 Prod. other
chemical products n.e.c.
74.20 Architectural, eng. consultancy
activities etc.
15.89
Manufacture of other food products n.e.c.
24.14 Prod.
other organic basic chemicals
No of employees empl 1486
Management
Information
Management TOM
KNUTZEN (Managing director)
MOGENS
GRANBORG
SØREN BJERRE-NIELSEN
Board of directors ANDERS JØRN KNUTSEN (Chairman of the
board)
JØRGEN EINAR TANDRUP
PETER HØJLAND (Member of the
board)
MATTI PEKKA ILMARI VUORIA (Member
of the board)
KIRSTEN AARUP DREJER (Member of
the board)
SVEN HÅKAN BJØRKLUND (Member of
the board)
LIS GLIBSTRUP (Member of the
board)
FLEMMING KRISTENSEN (Member of
the board)
BENT WILLY LARSEN (Member of the
board)
Historical Data
Established 1881
Registered 1900-01-01
Credit Facilities
Bankers DANSKE BANK HOLMENS KANAL AFDELING HOLMENS KANAL 2
- 1092 KØ
NORDEA BANK DANMARK A/S STORKUNDEAFDELINGEN
- STRANDGADE 3,
Financial data
Currency Danish Kroner
Closing date
2007-04-30 2006-04-30 2005-04-30
Source Ann.
report Ann. report Ann. report
Turnover
2.893.000.000
6.803.000.000 6.054.000.000
Costs 2.951.000.000 6.640.000.000 5.806.000.000
Ordinary result
-139.000.000
302.000.000 766.000.000
Extraordinary items 42.000.000
Tax
-67.000.000
-152.000.000 27.000.000
Annual result
-72.000.000
454.000.000 781.000.000
Assets
Fixed assets
20.541.000.000
24.602.000.000 25.811.000.000
Current assets
9.327.000.000 6.795.000.000 7.873.000.000
Liabilities
Equity capital
9.153.000.000
9.641.000.000 10.063.000.000
Share capital
979.000.000
978.000.000 994.000.000
Long-term debts
6.475.000.000
6.157.000.000 6.095.000.000
Short-term debts
14.240.000.000
15.599.000.000 16.805.000.000
Company Ratios
Gearing I
-181,90 -145,42 -145,42
Acid test ratio I
65,50 43,56 46,85
Acid test ratio II
62,46 34,10 37,55
Return on investment
-0,19 0,52 0,74
Return on equity
-1,52 3,13 7,61
Solvency ratio 30,64 30,71
29,87
Property
Property Yes
Property ass. value 602.000.000 (Annual report)
Mortgaging I Yes Total mortgaging 29.000.000
Corporate Structure
Shareholder LØNMODTAGERNES DYRTIDSFOND
(ID:393416) (5%)
- (Shareholder)
ARBEJDSMARKEDETS TILLÆGSPENSION
(ID:553003) (10%)
- (Shareholder)
Subsidiaries DANISCO
DEUTSCHLAND GMBH (100%)
DANISCO INGREDIENTS BETEILIGUNGSGESELLSCHAFT MBH
- (100%)
DANISCO LANDERNEAU SAS (100%)
DANISCO SEILLANS SAS (100%)
DANISCO SWEETENERS (FRANCE) SA
(100%)
DANISCO
BV (100%)
YDERNÆS 1 A/S (ID:212243) (100%)
PERLAROM INVESTISSEMENTS SA
(100%)
COMETRA A/S (ID:198344) (100%)
A/S SYNTETIC (ID:202822) (100%)
AFVIKLINGSSELSKABET AF 2 JANUAR
2007 APS
- (ID:143057) (100%)
CULTOR HOLLAND BV (100%)
DANISCO HOLDING FRANCE SAS (100%)
DANISCO SINGAPORE PTE LTD (100%)
DANISCO BRASIL LTDA (100%)
DANISCO CULTOR ESPANA SA (100%)
DANISCO (CHINA) CO LTD (100%)
DANISCO (MALAYSIA) SDN BHD (100%)
DANISCO CZECH REPUBLIC AS (100%)
DANISCO CANADA INC (100%)
Associated business TAFFEL FOODS EJENDOMSSELSKAB A/S (ID:143800)
(50%)
MAJOR INTERNATIONAL LTD (50%)
Secondary names(s) DANISCO ANIMAL NUTRITION A/S
DANISCO CULTOR INGREDIENTS A/S
DANISCO-CULTOR A/S
DANISCO CULTOR A/S
DANISCO CULTURES A/S
Payment profile
Payment profile Payment
regular
Credit Summary
Rating 73
Credit limit Estimated
10.000.000
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. |
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%)