MIRA INFORM REPORT

 

 

Report Date :

05.08.2011

 

IDENTIFICATION DETAILS

 

Name :

JENSEN WOMEN AS

 

 

Registered Office :

Industrivænget 4 Herning, 7400 Private Subsidiary

 

 

Country :

Denmark

 

 

Year of Establishment :

1971

 

 

Legal Form :

Private Subsidiary

 

 

Line of Business :

Clothing and Footwear Wholesaling

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Moderate

 

 

Payment Behaviour :

Unknown

 

 

Litigation :

Clear

 

NOTES :

Any query related to this report can be made on e-mail: infodept@mirainform.com while quoting report number, name and date.

 

 

ECGC Country Risk Classification List – March 31st, 2011

 

Country Name

Previous Rating

(31.12.2010)

Current Rating

(31.03.2011)

Denmark

A2

A2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

company name and address

 

Jensen Women A/S

                                                                                                                                                  

 

Industrivænget 4

 

 

Herning, 7400

Denmark

 

Tel:

+45 97 26 88 00

Fax:

+45 97 26 88 26

 

www.jensenwomen.dk

 

Employees:

40

Company Type:

Private Subsidiary

Corporate Family:

8 Companies

Ultimate Parent:

BTX Group A/S

 

 

Incorporation Date:

1971

Financials in:

USD (mil)

 

 

Fiscal Year End:

31-Dec-2009

Reporting Currency:

Danish Krone

Annual Sales:

0.0

Net Income:

1.7

Total Assets:

6.5

 

Business Description     

 

Jensen Women A/S is primarily engaged in manufacturing apparel and apparel accessories (except apparel knitting mills; cut and sew apparel contractors; cut and sew apparel; hats and caps; mittens and gloves; and men's and boys' neckwear). Jobbers for these products, who perform entrepreneurial functions involved in other apparel and accessory manufacture, including buying raw materials, designing and preparing samples, arranging for other apparel and accessories to be made from their materials, and marketing finished other apparel and accessories, are included. Examples of products made by these establishments are apparel trimmings and findings, belts, Women's scarves, and suspenders.

 

Industry

             

 

Industry

Apparel and Accessories

ANZSIC 2006:

3712 - Clothing and Footwear Wholesaling

NACE 2002:

5142 - Wholesale of clothing and footwear

NAICS 2002:

42433 - Women's, Children's, and Infants' Clothing and Accessories Merchant Wholesalers

UK SIC 2003:

5142 - Wholesale of clothing and footwear

US SIC 1987:

5137 - Women's, Children's, and Infants' Clothing and Accessories

 

Key Executives

             

 

Name

Title

Michael A. Jørgensen

Managing Director

Tina Søndergård

Finance Executive

Bent Bak

Sales Director

Kim Tryk

Purchasing Executive, Production Director

Jesper Ibæk Roe

Managing Director / Director, Board Member

1 - Profit & Loss Item Exchange Rate: USD 1 = DKK 5.354263

2 - Balance Sheet Item Exchange Rate: USD 1 = DKK 5.18625

 

 

Corporate Overview

 

 

Location
Industrivænget 4
Herning, 7400
Denmark

 

Tel:

+45 97 26 88 00

Fax:

+45 97 26 88 26

 

www.jensenwomen.dk

Sales DKK(mil):

0.0

Assets DKK(mil):

33.7

Employees:

40

Fiscal Year End:

31-Dec-2009

 

Industry:

Apparel and Accessories

Incorporation Date:

1971

Company Type:

Private Subsidiary

Quoted Status:

Not Quoted

Registered No.(DNK):

76348316

 

Managing Director:

Michael A. Jørgensen

Contents

·         Industry Codes

·         Business Description

·         Financial Data

·         Key Corporate Relationships

Industry Codes

 

ANZSIC 2006 Codes:

3712

-

Clothing and Footwear Wholesaling

 

NACE 2002 Codes:

5142

-

Wholesale of clothing and footwear

 

NAICS 2002 Codes:

42433

-

Women's, Children's, and Infants' Clothing and Accessories Merchant Wholesalers

 

US SIC 1987:

5137

-

Women's, Children's, and Infants' Clothing and Accessories

 

UK SIC 2003:

5142

-

Wholesale of clothing and footwear

 

 

Business Description

Jensen Women A/S is primarily engaged in manufacturing apparel and apparel accessories (except apparel knitting mills; cut and sew apparel contractors; cut and sew apparel; hats and caps; mittens and gloves; and men's and boys' neckwear). Jobbers for these products, who perform entrepreneurial functions involved in other apparel and accessory manufacture, including buying raw materials, designing and preparing samples, arranging for other apparel and accessories to be made from their materials, and marketing finished other apparel and accessories, are included. Examples of products made by these establishments are apparel trimmings and findings, belts, Women's scarves, and suspenders.

 

 

More Business Descriptions

Women's, Children's, and Infants' Clothing and Accessories Merchant Wholesalers

 

 

 

 

 

 

Financial Data

Financials in:

DKK(mil)

 

Revenue:

0.0

Net Income:

9.2

Assets:

33.7

Total Liabilities:

19.0

 

 

 

Date of Financial Data:

31-Dec-2009

 

1 Year Growth

NA

NA

NA

 

Key Corporate Relationships

Bank:

Danske Bank

 

 

 

 

 

 

 

 

 

Corporate Structure News

 

 

BTX Group A/S
Jensen Women A/S

 

 

Jensen Women A/S
Total Corporate Family Members: 8

 

 

 

 

Company Name

Company Type

Location

Country

Industry

Sales
(USD mil)

Employees

BTX Group A/S

Parent

Brande

Denmark

Apparel and Accessories

527.9

1,340

B-Young A/S

Subsidiary

Kolding

Denmark

Apparel and Accessories

94.0

100

Fransa Clothing Company A/S

Subsidiary

Odense SØ

Denmark

Apparel and Accessories

55.0

100

Brandtex A/S

Subsidiary

Brande

Denmark

Apparel and Accessories

66.7

72

Blend A/S

Subsidiary

Vejle

Denmark

Apparel and Accessories

149.9

139

Btx Retail A/S

Subsidiary

København N

Denmark

Retail (Apparel)

 

70

Jensen Women A/S

Subsidiary

Herning

Denmark

Apparel and Accessories

0.0

40

Signature A/S

Subsidiary

Brande

Denmark

Apparel and Accessories

0.0

15

 

 

 

 

 

 

 

 

 

 

Executives Report

 

 

Board of Directors

 

Name

Title

Function

Søren Bach

 

Bestyrelsesformand

Director/Board Member

Steen Engelbrecht Reinholdt

 

Board Member

Director/Board Member

Jesper Ibæk Roe

 

Managing Director / Director, Board Member

Director/Board Member

 

Executives

 

Name

Title

Function

Michael A. Jørgensen

 

Managing Director

Chief Executive Officer

Jesper Ibæk Roe

 

Managing Director / Director, Board Member

Managing Director

Leif Lyngaard

 

Finance Manager

Finance Executive

Tina Søndergård

 

Finance Executive

Finance Executive

Bent Bak

 

Sales Director

Sales Executive

Kim Tryk

 

Purchasing Executive, Production Director

Product Management Executive

  

 

Annual Profit & Loss

 

 

 

 

 

 

 

 

 

31-Dec-2009

31-Dec-2008

31-Dec-2007

Period Length

12 Months

12 Months

12 Months

Filed Currency

DKK

DKK

DKK

Exchange Rate (Period Average)

5.354263

5.097335

5.44373

Consolidated

No

No

No

 

 

 

 

Gross Profit

11.9

14.3

13.2

Operating Income

2.2

3.6

2.9

Net Income

1.7

2.6

2.0

 

 

 

Annual Balance Sheet

Financials in: USD (mil)

 

 

 

31-Dec-2009

31-Dec-2008

31-Dec-2007

Filed Currency

DKK

DKK

DKK

Exchange Rate

5.18625

5.35465

5.10005

Consolidated

No

No

No

 

 

 

 

Total Assets

6.5

8.4

10.0

Provisions

-

0.1

-

Total Liabilities

3.7

3.4

7.5

Total Equity

2.8

4.9

2.5

 

 

 

Annual Ratios

 

 

 

 

31-Dec-2009

31-Dec-2008

31-Dec-2007

Period Length

12 Months

12 Months

12 Months

Filed Currency

-

-

-

Exchange Rate

-

-

-

Consolidated

No

No

No

 

 

 

 

Current Ratio

176.16

245.93

128.50

Total debt/total equity

43.54

58.61

25.00

Return on average equity

62.38

50.87

84.69

 

 

 

Annual Growth Rates

 

 

 

 

31-Dec-2008

31-Dec-2007

Period Length

12 Months

12 Months

Filed Currency

-

-

Exchange Rate

-

-

Consolidated

No

No

 

 

 

Marginal Contribution Percent Change

-12.53%

1.77%

Operating Results Percent Change

-34.61%

16.99%

Profit/Loss for the Year Percent Change

-31.87%

24.26%

Assets Percent Change

-25.21%

-11.78%

Provisions Percent Change

-100.00%

-

Debts Percent Change

5.40%

-52.88%

Equity Capital Percent Change

-44.44%

106.85%

Current Ratio Percent Change

-28.37%

91.39%

Debt/Equity Ratio Percent Change

-25.71%

134.44%

Retun On Equity Percent Change

22.63%

-39.93%

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.44.41

UK Pound

1

Rs.72.70

Euro

1

Rs.63.55

 

 

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

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

--

NB

                                       New Business

 

--

 

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

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.