MIRA
INFORM REPORT
|
Report Date : |
13.11.2008 |
IDENTIFICATION
DETAILS
|
Name : |
O.W. BUNKER & TRADING A/S |
|
|
|
|
Registered Office : |
Gasværksvej 48 9000 Aalborg |
|
|
|
|
Country : |
Denmark |
|
|
|
|
Financials (as on) : |
31.12.2007 |
|
|
|
|
Year of Establishment : |
1980 |
|
|
|
|
Com. Reg. No.: |
66441717 A/S |
|
|
|
|
Legal Form : |
Limited Company |
|
|
|
|
Line of Business : |
Wholesale of Solid, Liquid and Gaseous Fuels |
RATING &
COMMENTS
|
MIRA’s Rating : |
A |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Maximum Credit Limit : |
DK 10.000.000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
Company ID
Main name O.W. BUNKER & TRADING A/S
Main address GASVÆRKSVEJ 48
City 9000 AALBORG
Country Denmark
Phone-no. +45-98-127277
Fax-no. +45-98-167277
Nat. partner ID-no. 168824
ID-/Reg.-no. 66441717 A/S
Legal form Limited company
Company Status Active
Activity
Activity 46.71 Wholesale of solid, liquid and gaseous
fuels and r
No of employees empl 28
Management Information
Management JIM BØJESEN HESSELLUND PEDERSEN (Managing
director)
-
Board of directors JANE CHRISTENSEN (Member of the board)
GØTZ LEHSTEN (Member of the
board)
JIM BØJESEN HESSELLUND PEDERSEN
(Member of the
- board)
MORTEN
SKOU (Member of the board)
KIM WEIDEMANN (Member of the
board)
Historical Data
Established 1980
Registered 1981-06-20
Credit Facilities
Bankers NORDEA BANK DANMARK A/S STORKUNDEAFDELINGEN
- STRANDGADE 3,
Financial data
Currency Danish Krone
Closing date
2007-12-31 2006-12-31 2005-12-31
Source Ann.
report Ann. report Ann.
report
Turnover
7.637.656.000
5.915.969.000 4.758.135.000
Costs
7.598.519.000
5.876.756.000 4.718.214.000
Ordinary result
126.517.000
179.712.000 139.172.000
Tax
36.082.000 59.183.000 46.287.000
Annual result
90.435.000 120.529.000 92.885.000
<* Assets *>
Fixed assets
1.597.492.000
1.068.054.000 1.019.331.000
Current assets
1.151.570.000
586.374.000 540.758.000
<* Liabilities *>
Equity capital
322.992.000
561.236.000 452.220.000
Share capital
5.000.000 5.000.000 5.000.000
Long-term debts
223.954.000
100.000.000 60.000.000
Short-term debts
2.201.458.000
993.193.000 1.047.870.000
<* Company Ratios *>
Gearing I
-190,30 -215,70 -195,35
Acid test ratio I
52,31 59,04 51,61
Acid test ratio II
48,08 50,41 38,41
Return on investment
1,42 2,37 2,56
Return on equity
39,17 32,02 30,78
Solvency ratio
11,75 33,92 28,99
Property
Property No
Corporate Structure
Parent company WRIST GROUP A/S (ID:951019) (100%)
Subsidiaries MARITIME AGENCY BUNKER A/S (ID:197996)
(100%)
OW BUNKER FAR EAST PTE LTD (100%)
OW BUNKER MALTA (100%)
O.W. SUPPLY & TRADING A/S
(ID:305832) (100%)
OW BUNKERING
SWEDEN AB (100%)
FALCON OIL
LIMITED (100%)
OW BUNKERS UK
LIMITED (100%)
OW BUNKER
SOUTH AFRICA LTD (100%)
OW BUNKER
NETHERLANDS BV (100%)
O.W. TANKERS
A/S (ID:1092472) (100%)
OW FUEL
SERVICES UK LTD (100%)
OW BUNKER BELGIUM (NV) (100%)
OW BUNKER KLAIPEDA LTD (57%)
OW BUNKER CHINA (100%)
OW BUNKER
SWITZERLAND SA (100%)
OW BUNKER
ESTONIA LTD (100%)
OW BUNKERING
RIGA LTD (67%)
SELSKAB AF 10. JUNI 2008 A/S (ID:1327088) (100%)
O.W. BUNKER SPAIN S.L.
(100%)
ABC ATLANTIC
BUNKER S.L. (100%)
Associated business TBS DENIZCILIK VE PATROL (50%)
PETROCARGO/OW BUNKER SP ZOO (50%)
Secondary names(s) ALBA SHIPPING A/S
O.W. BUNKER & TRADING CO.
LTD. A/S
Payment profile
Payment profile Payment
regular
Credit Summary
Credit limit Estimated
10.000.000
FOREIGN EXCHANGE
RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.48.79 |
|
UK Pound |
1 |
Rs.75.41 |
|
Euro |
1 |
Rs.61.48 |
RATING
EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
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 |
|
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 |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average. |
Small |
|
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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
|
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%)