MIRA
INFORM REPORT
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Report Date : |
10.01.2008 |
IDENTIFICATION
DETAILS
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Name : |
A/S HEA-NET |
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Registered Office : |
Østergade 54,
7430 Ikast |
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Country : |
Denmark |
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Financials (as on) : |
31.12.2006 |
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Date of Incorporation : |
1998-04-28 |
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Com. Reg. No.: |
20759097 A/S |
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Legal Form : |
Limited company |
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Line of Business : |
Wholesale clothing and footwear |
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 A/S
HEA-NET
Main address ØSTERGADE
54
City 7430 IKAST
Country Denmark
Phone-no. +45-97-151599
Fax-no. +45-97-152399
Nat. partner
ID-no. 771505
ID-/Reg.-no. 20759097
A/S
Legal form Limited
company
Company
Status Active
Activity
Activity 51.42
Wholesale clothing and footwear
No of employees empl 9
Management Information
Management STEEN
KROGSGAARD
Board of
directors HANS LADEKJÆR JEPPESEN (Chairman of the board)
STEEN KROGSGAARD (Member of the board)
POUL KROGSGAARD (Member of the board)
Historical Data
Established 1975
Registered 1998-04-28
Credit Facilities
Bankers DANSKE BANK IKAST AFDELING
ØSTERGADE 1 7430 IKAST
Financial data
Currency Danish Kroner
* *>
Closing date 2006-12-31 2005-12-31 2004-12-31
Source Ann. report
Ann. report Ann. report
Ordinary
result 2.000 -4.019.000 478.000
Tax -26.000 -980.000 89.000
Annual result 28.000 -3.039.000 389.000
<* Assets *>
Fixed assets 7.446.000 7.837.000 7.489.000
Current assets 22.755.000 21.276.000 20.279.000
<* Liabilities
*>
Equity capital 3.971.000 4.601.000 7.200.000
Share capital 1.000.000 1.000.000 1.000.000
Long-term
debts 3.264.000 3.461.000 3.744.000
Short-term
debts 22.967.000 21.052.000 16.818.000
<* Company
Ratios *>
Gearing I -754,85 -757,51 -7.114,88
Acid test ratio
I 99,08 101,06 120,58
Acid test ratio
II 63,78 36,50 31,45
Return on
investment 2,42 -14,15 1,96
Return on
equity 0,05 -87,35 6,64
Solvency ratio 13,15 15,80 25,93
Property
Property Yes
Property ass.
value 4.289.000
(Annual report)
Mortgaging I Yes
Total mortgaging 3.251.000
Corporate Structure
Parent
company STEEN KROGSGAARD HOLDING APS (ID:771343) (67%)
Subsidiaries HN
COMPANY A/S (ID:826003) (100%)
HN COMPANY NORWAY AS (100%)
Associated
business POUL KROGSGAARD HOLDING APS (ID:1172232) (33%)
VANTING COLLECTION APS (ID:1144468) (50%)
Payment profile
Payment
profile Payment regular
Credit Summary
Credit limit Estimated 600.000
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%)