MIRA
INFORM REPORT
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Report Date : |
18.07.2008 |
IDENTIFICATION
DETAILS
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Name : |
BLEND A S |
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Registered Office : |
Edisonvej 4, 7100 Vejle |
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Country : |
Denmark |
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Financials (as on) : |
31.12.2007 |
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Year of Establishment : |
1985 |
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Com. Reg. No.: |
76180113 A/S |
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Legal Form : |
Limited Company |
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Line of Business : |
Wholesale of 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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Maximum Credit Limit : |
DK 200.000 (Estimated) |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
Company
ID
Main name BLEND A/S
Main address EDISONVEJ 4
City 7100 VEJLE
Country Denmark
Phone-no. +45-79-433000
Nat. partner ID-no. 187430
ID-/Reg.-no. 76180113 A/S
Legal form Limited company
Company Status Active
Latest change 2008-06-27
Activity
Activity 46.42 Wholesale
of clothing and footwear
No of employees empl 193
Management
Information
Management PER BECH GASSEHOLM (Managing director)
Board of directors JAN STIG ANDERSEN (Chairman of the
board)
JESPER ROE (Member of the board)
PER BECH GASSEHOLM (Member of the
board)
historical
Data
Established 1985
Registered 1985-07-31
Credit
Facilities
Bankers DANSKE BANK VEJLE
AFDELING (9402) KIRKEGADE 21 7100
- VEJLE
Financial
data
Currency Danish Kroner
<* *>
Closing date
2007-12-31 2006-12-31 2005-12-31
Source Ann.
report Ann. report Ann. report
Turnover
883.328.000
942.722.000 851.039.000
Costs 874.288.000 859.478.000 814.278.000
Ordinary result
16.075.000 91.344.000 44.217.000
Tax
1.985.000 21.936.000 5.437.000
Annual result
14.090.000 69.408.000 38.780.000
<* Assets *>
Fixed assets
21.632.000 21.511.000 64.581.000
Current assets
220.858.000
414.493.000 205.208.000
<* Liabilities *>
Equity capital
907.000 99.225.000 121.445.000
Share capital
530.000 530.000 530.000
Short-term debts
241.583.000
336.780.000 143.992.000
Company
Ratios
Gearing I
-1.165,66 433,36 253,22
Acid test ratio I
91,42 123,08 142,51
Acid test ratio II
67,88 93,45 89,59
Return on investment
3,73 19,09 13,63
Return on equity
1.772,33 92,06 36,41
Solvency ratio
0,37 22,76 45,01
Property
Property No
Corporate
Structure
Parent company BTX GROUP A/S (ID:134558) (100%)
Subsidiaries BLEND OF AMERICA PTY LTD (100%)
BLEND SARL (100%)
BLEND LTD (100%)
Payment
profile
Payment profile Payment regular
Credit
Summary
Risk class Normal
Credit limit Estimated
200.000
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.42.78 |
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UK Pound |
1 |
Rs.85.51 |
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Euro |
1 |
Rs.67.90 |
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%)