MIRA INFORM REPORT

 

 

Report Date :

21.11.2008

 

IDENTIFICATION DETAILS

 

Name :

ORANA A S

 

 

Registered Office :

Rynkebyvej 243, 5350 Rynkeby              

 

 

Country :

Denmark

 

 

Financials (as on) :

30.09.2007       

 

 

Date of Incorporation :

14.04.1999

 

 

Com. Reg. No.:

21624306 A/S

 

 

Legal Form :

Limited Company

 

 

Line of Business :

Wholesale of beverages

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Maximum Credit Limit :

DK 3.500.000 (Estimated)

 

 

Status :

Good

 

 

Payment Behaviour :

Regular

 

 

Litigation :

Clear

 

Company ID

 

Main name                  ORANA A/S

 

Main address               RYNKEBYVEJ 243

City                              5350 RYNKEBY

Country                        Denmark

Phone-no.                    +45-63-623575

Fax-no.                        +45-65-391574

 

Nat. partner ID-no.       837146

 

ID-/Reg.-no.                  21624306 A/S

 

Legal form                   Limited company

 

Company Status          Active

 

 

Activity

 

Activity             46.34 Wholesale of beverages

 

No of employees empl 26

 

 

Management Information

 

Management               NIELS OLAF ØSTERBERG

 

Board of directors        PETER SANGGAARD ANDERSEN (Chairman of the board)

                                    JØRGEN GROTH DIRKSEN (Member of the board)

                                    NIELS OLAF ØSTERBERG (Member of the board)

                                    ROLF LAVIGNE USSING (Member of the board)

                                    JENS ERIK BJØRNSBO DUE (Member of the board)

 

 

Historical Data

 

Established          1999

 

Registered           1999-04-14

 

 

Credit Facilities

 

Bankers              NORDEA BANK DANMARK A/S ERHVERVSAFDELINGEN FYN

                        - VESTERGADE

                        JYSKE BANK MAGELØS 8, POSTBOX 190 5100 ODENSE C

Financial data

 

Currency             Danish Krone

 

 

Closing date                 2007-09-30        2006-09-30        2005-09-30

 

Source                      Ann. report       Ann. report       Ann. report

 

Turnover                    127.993.000        92.895.000        82.243.000

Costs                       123.307.000        90.854.000        78.998.000

Ordinary result               3.371.000            69.000         4.536.000

Tax                             877.000          -118.000         1.041.000

Annual result                 2.494.000           187.000         3.495.000

 

Assets

Fixed assets                 12.244.000         7.922.000         5.062.000

Current assets               35.561.000        31.135.000        25.834.000

 

Liabilities

Equity capital               14.350.000        12.184.000        12.307.000

Share capital                 2.000.000         2.000.000         2.000.000

Short-term debts             31.955.000        25.373.000        17.088.000

 

Company Ratios

Gearing I                      1.517,33            595,33            235,86

Acid test ratio I                111,28            122,71            151,18

Acid test ratio II                94,11            108,46            149,33

Return on investment               9,80              5,23             10,50

Return on equity                  23,49              0,57             36,86

Solvency ratio                    30,02             31,20             39,83

 

 

Property

 

Property             No

 

Corporate Structure

 

Parent company          OSTERBERG SERVICE & TRADING A/S (ID:810418) (100%)

 

Subsidiaries                 DANISH FRUIT PRODUCTION A/S (ID:1139594) (100%)

                                    ORANA B.V. (100%)

                                    ORANA INDIA LTD. (100%)

                                    ORANA EGYPTEN (87%)

                                    INTERNATIONAL FRUIT PRODUCTION JOINT-STOCK COMPANY

                                    - (87%)

 

Payment profile

 

Payment profile           Payment regular

 

 

Credit limit        

 

Credit limit                   Estimated 3.500.000

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.50.03

UK Pound

1

Rs.74.42

Euro

1

Rs.62.71

 

 

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%)

 

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions