MIRA INFORM
REPORT
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Report Date : |
07.05.2008 |
IDENTIFICATION
DETAILS
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Correct Name : |
DSHWOOD A/S |
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Registered Office : |
Glarmestervej 7
7000 Fredericia Fredericia / Syddanmark |
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Country : |
Denmark |
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Financials (as on) : |
31.12.2007 |
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Date of Incorporation : |
2000 |
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Legal Form : |
Limited company |
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Line of Business : |
Wholesale of
Wood, Construction Materials and Sani |
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 : |
DKK 3.000.000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
Company
ID
Company name DSHWOOD
A/S
Address GLARMESTERVEJ
7
City 7000
FREDERICIA
Municipality/County FREDERICIA
/ SYDDANMARK
Country Denmark
Phone-no. +45-74-552636
E-mail INFO@DANSKE-SKOVES-HANDEL
Fax-no. +45-74-552490
Nat. partner ID-no. 947213
Official ID-no. 25672305
Legal form Limited
company
Company Status Active
Established 2000
Employees 16
(Ann. report)
Trade (NACE) 46.73
Wholesale of wood, construction materials and sani
Credit
Summary
Risk class Normal
Credit limit Estimated
DKK 3.000.000
Payment
profile
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Tabel 1: Date of measuring: March 2008
The business's Time of payment
mode of payment Days exceeding agreement
in relation to 3 mth 12 mth
24 mth
payment custom -----------------------------------------------------------
The business's time of payment N/A
0,91 0,83
Upper
Quartile, Danish companies 0,20 0,18
0,14
Median, Danish companies 1,05 1,10 1,00
Lower Quartile, Danish companies 3,29
3,57 3,19
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Tabel 2: Month
Total Within Outside
The business's From date exp. agreem.
agreement
payment time ----------------------------------------
0 1-7
8-29 30-59 60-89
90 -
days days
days days days
days
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1 -
3 2 2
0 0 0
0 0
4 -
6 5 5
0 0 0
0 0
7 - 12
4 3 0
1 0 0
0
1 - 12
11 10 0
1 0 0
0
13 - 24
1 1 0
0 0 0
0
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Tabel 3: Interval
Total Within Outside
The business's exp.
agreem. agreement
mode of payment ----------------------------------------
divid. in amount 1.000
0 1-7 8-29
30-59 60-89 90 -
last 12 months DKK (1.000)
days days days
days days days
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100 -
0 0 0
0 0 0
0
25 - 99
1 1 0
0 0 0
0
10 - 24
0 0 0
0 0 0 0
1 -
9 7 7
0 0 0
0 0
0 -
1 3 2
0 1 0
0 0
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Financial
data
Currency Danish Kroner (1.000)
Share Capital 6.000
Closing date 2007-12-31
2007-06-30 2006-06-30 2005-06-30
2004-06-30
Source Ann. report
Profit and loss account
Gross profit 4.988
14.955 7.599 8.119 4.445
Personnel costs -3.758
-7.495 -4.913 -4.462 -4.158
Depriciation -146
-224 -110 -96 -123
Operating profit 1.084 7.236 2.577 3.560 165
Financial items net -171
30 168 67 -35
Ordinary result 913
7.266 2.745 3.627 129
Pre-tax profit 913
7.266 2.745 3.627 129
Annual result 657
5.417 1.990 2.587 72
Dividends 0
900 375 388 100
<* Assets *>
Land and buildings 9.477
9.075 7.723 2.293 834
Tangible fixed asset 9.893 9.503
7.890 2.383 963
Fixed assets 9.893
9.503 7.890 2.383 963
Inventories 32.933
23.397 14.079 8.355 8.089
Debtors 33.507
28.326 8.621 11.440 6.778
Cash in hand and at 38
41 23 6.025 148
Current assets 71.576
55.993 23.386 28.466 16.910
<* Liabilities *>
Share capital 6.000
6.000 3.000 3.000 3.000
Equity 16.085
15.428 9.910 8.296 6.197
Provisions 99
102 52 0 18
Creditors 34.222
28.427 15.167 16.416 9.313
Short-term liabiliti 63.017 47.652
18.909 22.553 11.658
Balance sheet
Balance 81.469
65.496 31.276 30.849 17.873
<* Ratios *>
Primary result/emplo 68 603
286 396 18
Ordinary result/empl 57 606
305 403 14
Net result/employee 57
606 305 403 14
Fixed assets/employe 618 792
877 265 107
Staff charges/employ -235 -625
-546 -496 -462
Capacity ratio 1,28
1,94 1,51 1,78 1,04
Return on investment 1,33 11,05
8,24 11,54 0,92
Operational leverage 4,60 2,07
2,95 2,28 26,94
Wage ratio 75,34
50,12 64,65 54,96 93,54
Acid test ratio I 113,58 117,50
123,68 126,22 145,05
Acid test ratio II 61,32
68,40 49,22 89,17 75,66
Solvency ratio 19,74
23,56 31,69 26,89 34,67
Return on equity 1 5,68
47,10 27,70 43,72 2,08
Return on equity 2 5,68
47,10 27,70 43,72 2,08
Capital ratio 2,68
2,57 3,30 2,77 2,07
Intrinsic value 268,08
257,13 330,33 276,53 206,57
Gearing 4,06
3,24 2,15 2,72 1,88
Tax 256
1.849 755 1.040 57
Property
Property Yes
Prop. ass. value (to DKK 4.600.000 (Annual report)
Mortgage Total amount 2.360.000
Management
Information
Management LARS
BROEGAARD MERNILD (General manager) 2005-09-05
Board of directors JAN PETER SEEBERG
ERLUND (Chairman of the board)
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2007-09-14
JAN
SDERGAARD (Member of the board) 2005-11-09
TOKE
ALEXANDER FOSS (Member of the board)
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2007-06-01
ESBEN MLER MADSEN (Member of the board)
- 2008-01-02
Auditor GRANT
THORNTON STATSAUTORISERET REVISIONS A/S
-
(Auditor)
Credit Facilities
Bankers NORDEA BANK DANMARK A/S VESTERBROGADE 8 POSTBOKS
- 850,
90
Historical Data
Established 2000
Registered 2000-12-07
Date Art. of assoc. 2007-12-14
Capital history 2007-06-01 Share capital - new issue DKK
6.000.000
2007-06-01
Share capital - new issue DKK 4.000.000
2001-02-13
Share capital - new issue DKK 3.000.000
Management history JAN SDERGAARD (General manager) Resigned
-
2005-09-05
Board history FRANK
UHRENHOLT (Chairman of the board) Resigned
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2006-11-24
ANDERS
TUVEHJELM (Chairman of the board) Resigned
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2007-09-14
JIMMI
ENEVOLDSEN (Member of the board) Resigned
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2008-01-02
Previous Names DANSKE SKOVES
HANDELSKONTOR A/S
Queries 12
Credit Report
2008-05-07
Credit Report
2008-05-07
Credit Report
2008-05-06
Credit Report
2008-05-06
Credit Report
2008-04-13
Credit Report
2008-04-13
Credit Report
2008-03-01
Credit Report
2008-02-05
Credit Report
2007-12-29
Credit Report
2007-11-29 Credit Report
Corporate
Structure
Shareholder DANSK SKOVFORENING (ID:161102) (100%) (Shareholder)
Secondary names(s) DANSKE SKOVES HANDELSKONTOR A/S
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%)