MIRA
INFORM REPORT
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Report Date : |
04.12.2008 |
IDENTIFICATION
DETAILS
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Name : |
BRIXIUS TRADING A/S |
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Registered Office : |
Bredskiftevej 38 8210 Århus V |
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Country : |
Denmark |
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Financials (as on) : |
31.12.2007 |
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Date of Incorporation : |
22.07.1992 |
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Com. Reg. No.: |
16122149 A/S |
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Legal Form : |
Limited Company |
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Line of Business : |
Wholesale of Agricultural Machinery,
Equipment |
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 2.500.000 |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
Company ID
Main name BRIXIUS TRADING A/S
Main address BREDSKIFTEVEJ 38
City 8210
ÅRHUS V
Country Denmark
Phone-no. +45-86-244255
Fax-no. +45-86-244105
Nat. partner ID-no. 115733
ID-/Reg.-no. 16122149 A/S
Legal form Limited company
Company Status Active
Activity
Activity 46.61 Wholesale of agricultural
machinery, equipment
No of employees empl 13
Management Information
Management IB BRIXIUS
Board of directors IB BRIXIUS (Member of the board)
NIELS ULRICH MADSEN (Member of the board)
ANN BRIXIUS (Member of the board)
Historical Data
Established 1992
Registered 1992-07-22
Credit Facilities
Bankers DANSKE BANK GIROSTRØGET
1, BYGNING CS 800 HØJE
- TAASTRUP
JYSKE BANK
ØSTERGADE 4 8000 ÅRHUS C
Financial data
Currency Danish Krone
Closing date
2007-12-31 2006-12-31 2005-12-31
Source Ann.
report Ann. report Ann. report
Ordinary result
3.331.000 2.187.000 2.393.000
Tax
836.000 600.000 662.000
Annual result 2.495.000 1.587.000
1.731.000
<* Assets *>
Fixed assets
1.317.000 1.184.000 1.207.000
Current assets
20.212.000 17.395.000 15.255.000
<* Liabilities *>
Equity capital 11.786.000 9.891.000
8.904.000
Share capital
1.000.000 1.000.000 1.000.000
Short-term debts
9.666.000 8.583.000 7.435.000
<* Company Ratios *>
Gearing I 92,33 98,58
96,60
Acid test ratio I
209,10 202,67 205,18
Acid test ratio II
69,13 55,98 50,52
Return on investment
16,50 12,89 16,24
Return on equity
28,26 22,11 26,88
Solvency ratio
54,74 53,24 54,09
Property
Property No
Corporate Structure
Parent company BRIXIUS
HOLDING APS (ID:642527) (100%)
Payment profile
Payment profile Payment
regular
Credit Summary
Risk class Very low
Credit limit Estimated
2.500.000
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.49.79 |
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UK Pound |
1 |
Rs.73.37 |
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Euro |
1 |
Rs.63.08 |
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%)