MIRA
INFORM REPORT
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Report Date : |
19.08.2008 |
IDENTIFICATION
DETAILS
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Name : |
GUMLINK A/S |
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Registered Office : |
Dandyvej 19 7100 Vejle |
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Country : |
Denmark |
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Financials (as on) : |
31.12.2007 |
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Date of Incorporation : |
2002 |
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Com. Reg. No.: |
26658748 A/S |
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Legal Form : |
Limited Company |
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Line of Business : |
Manufacture of Other Food Products Manufacture of Cocoa, Chocolate and Sugar |
RATING &
COMMENTS
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MIRA’s Rating : |
A |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Maximum Credit Limit : |
DK 10.000.000 |
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Status : |
Very Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
Company ID
Main name GUMLINK A/S
Main address DANDYVEJ 19
City 7100 VEJLE
Country Denmark
Phone-no. +45-72-151515
Fax-no. +45-72-151516
Nat. partner ID-no. 1064066
ID-/Reg.-no. 26658748 A/S
Legal form Limited company
Company Status Active
Activity
Activity 10.89
Manufacture of other food products n.e.c.
10.82
Manufacture of cocoa, chocolate and sugar confecti
No of employees empl 436
Management Information
Management SØREN BIRN
(Managing director)
Board of directors HOLGER BAGGER
SØRENSEN (Chairman of the board)
KNUD-ERIK BORUP
HELLE KRUSE NIELSEN (Member of the board)
STEEN GEDE (Member of the
board)
LARS
REJSENHUS JENSEN (Member of the board)
OHN
CHRISTIAN FRIIS (Member of the board)
Historical Data
Established 2002
Registered 2002-06-21
Credit Facilities
Bankers DANSKE BANK STORKUNDER DANMARK HOLMENS KANAL 2 1092
- KØBENHAVN K
Financial data
Currency Danish Krone
Closing date
2007-12-31 2006-12-31 2005-12-31
Source Ann.
report Ann. report Ann. report
Turnover
830.634.000
811.385.000 809.150.000
Costs
800.782.000
803.853.000 772.490.000
Ordinary result
1.797.000 -13.943.000 16.501.000
Tax
-892.000 -3.118.000 4.557.000
Annual result
2.689.000 -10.825.000 11.944.000
<* Assets *>
Fixed assets
568.023.000
654.224.000 664.582.000
Current assets
483.586.000
327.765.000 272.458.000
<* Liabilities *>
Equity capital
246.948.000
244.616.000 255.715.000
Share capital 54.630.000 54.630.000 54.630.000
Long-term debts
245.344.000
251.336.000 256.976.000
Short-term debts
534.595.000
459.906.000 408.971.000
<* Company Ratios *>
Gearing I -242,91 -173,64
-162,88
Acid test ratio I
90,46 71,27 66,62
Acid test ratio II
56,44 45,27 41,65
Return on investment
2,84 0,77 3,91
Return on equity
0,73 -5,70 6,45
Solvency ratio
23,48 24,91 27,29
Property
Property Yes
Property ass. value 150.405.000
(Annual report)
Mortgaging I Yes Total
mortgaging 251.370.000
Corporate Structure
Parent company
BAGGER-SØRENSEN & CO. A/S (ID:204899) (100%)
Subsidiaries GUMLINK US
CORPORATION (100%)
YOURGUM.COM
GMBH (100%)
GUMPOLE SP.Z.O.O (100%)
KONFECT PACK GMBH (100%)
Secondary names(s) CONTINENTAL
CANDY COMPANY A/S
DTF A/S
GUMBASE A/S
GUMLINK B2B A/S
Payment profile
Payment profile Payment
regular
Credit Summary
Credit limit Estimated
10.000.000
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.43.23 |
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UK Pound |
1 |
Rs.80.89 |
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Euro |
1 |
Rs.63.80 |
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%)