MIRA
INFORM REPORT
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Report Date : |
25.08.2011 |
IDENTIFICATION DETAILS
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Name : |
ADD MIKKELSEN AS |
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Registered Office : |
Hestehaven 201 Odense SØ, 5220 |
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Country : |
Denmark |
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Financials (as on) : |
31.12.2009 |
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Year of Establishment : |
1997 |
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Com. Reg. No.: |
20199806 |
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Legal Form : |
Private Independent |
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Line of Business : |
Providing professional design services (except architectural, landscape architecture, engineering, interior, industrial, graphic, and computer system design). |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
No Complaints |
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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
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Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
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Denmark |
A2 |
A2 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
company name and address
ADD Mikkelsen A/S
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Business Description
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ADD Mikkelsen A/S is primarily engaged in providing professional
design services (except architectural, landscape architecture, engineering,
interior, industrial, graphic, and computer system design). |
Industry
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Industry |
Business Services |
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ANZSIC 2006: |
6924 - Other Specialised Design Services |
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NACE 2002: |
7487 - Other business activities not
elsewhere classified |
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NAICS 2002: |
541490 - Other Specialized Design Services
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UK SIC 2003: |
74872 - Speciality design activities |
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US SIC 1987: |
7389 - Business Services, Not Elsewhere
Classified |
Key Executives
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1 - Profit & Loss Item Exchange Rate: USD 1 = DKK 5.354263
2 - Balance Sheet Item Exchange Rate: USD 1 = DKK 5.18625
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Executives Report
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31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
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Period Length |
12 Months |
12 Months |
12 Months |
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Filed Currency |
DKK |
DKK |
DKK |
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Exchange Rate
(Period Average) |
5.354263 |
5.097335 |
5.44373 |
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Consolidated |
Yes |
Yes |
Yes |
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Gross Profit |
12.4 |
10.4 |
8.1 |
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Operating Income |
1.3 |
-1.2 |
-1.5 |
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Net Income |
0.9 |
-2.0 |
-2.3 |
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Annual Balance
Sheet |
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Financials in:
USD (mil) |
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31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
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Filed Currency |
DKK |
DKK |
DKK |
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Exchange Rate |
5.18625 |
5.35465 |
5.10005 |
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Consolidated |
Yes |
Yes |
Yes |
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Total Assets |
16.4 |
15.9 |
15.2 |
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Provisions |
0.9 |
1.1 |
0.7 |
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Total Liabilities |
6.2 |
7.0 |
9.4 |
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Total Equity |
9.3 |
7.9 |
5.1 |
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Annual Ratios |
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31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
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Period Length |
12 Months |
12 Months |
12 Months |
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Filed Currency |
- |
- |
- |
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Exchange Rate |
- |
- |
- |
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Consolidated |
Yes |
Yes |
Yes |
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Current Ratio |
240.22 |
198.75 |
270.43 |
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Total debt/total equity |
56.66 |
49.59 |
33.80 |
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Return on average equity |
9.56 |
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- |
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Annual Growth
Rates |
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31-Dec-2008 |
31-Dec-2007 |
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Period Length |
12 Months |
12 Months |
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Filed Currency |
- |
- |
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Exchange Rate |
- |
- |
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Consolidated |
Yes |
Yes |
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Marginal Contribution Percent Change |
25.15% |
20.70% |
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Operating Results Percent Change |
209.92% |
20.77% |
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Profit/Loss for the Year Percent Change |
146.42% |
19.81% |
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Assets Percent Change |
0.06% |
10.01% |
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Provisions Percent Change |
-16.37% |
58.86% |
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Debts Percent Change |
-13.62% |
-21.84% |
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Equity Capital Percent Change |
14.34% |
61.39% |
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Current Ratio Percent Change |
20.87% |
-26.51% |
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Debt/Equity Ratio Percent Change |
14.26% |
46.72% |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.45.77 |
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1 |
Rs.75.57 |
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Euro |
1 |
Rs.65.97 |
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 |
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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-- |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.