MIRA INFORM REPORT

 

 

Report Date :           

18.05.2011

 

IDENTIFICATION DETAILS

 

Name :

INTER-CONNECT APS TEAM ELLEGAARD

 

 

Registered Office :

Ny Moesgårdvej 61, 8270 Højbjerg

 

 

Country :

Denmark

 

 

Financials (as on) :

31.12.2010

 

 

Date of Incorporation :

04.01.1985

 

 

Com. Reg. No.:

75197314 APS

 

 

Legal Form :

Limited company

 

 

Line of Business :

Wholesale of textiles

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Maximum Credit Limit :

Estimated 150.000 DK

Status :

Moderate

Payment Behaviour :

Usually Correct 

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 – December 31, 2010

 

Country Name

Previous Rating

                   (30.09.2010)                  

Current Rating

(31.12.2010)

Denmark

a2

a2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 Bottom of Form

 

Company ID

 

Main name                  INTER-CONNECT APS TEAM ELLEGAARD

Main address               NY MOESGÅRDVEJ 61

City                              8270 HØJBJERG

Country                        Denmark

Phone-no.                    +45-86-193311

Fax-no.                        +45-86-194777

Nat. partner ID-no.       185231

ID-/Reg.-no.                  75197314 APS

Legal form                   Limited company

Company Status          Active

 

 

Activity

 

Activity             46.41 Wholesale of textiles

 

No of employees empl 6

 

 

Management Information

 

Management               POUL MICHAEL ELLEGAARD-HANSEN

                                    BIRGIT WINDAHL

 

 

Historical Data

 

Established          1984

 

Registered           1985-01-04        

 

 

Credit Facilities

 

Bankers              HANDELSBANKEN ÅRHUS SYD FINDERUPVEJ 5 8000 AARHUS C

                     -

Financial data

 

Currency             Danish Krone

 

<* *>

 

Closing date                 2010-12-31        2009-12-31        2008-12-31

 

Source                      Ann. report       Ann. report       Ann. report

 

Ordinary result               1.563.000          -298.000           367.000

Tax                             333.000                             102.000

Annual result                 1.230.000          -298.000           265.000

 

<* Assets *>

Fixed assets                    286.000           428.000           679.000

Current assets                3.044.000         1.264.000         1.694.000

 

<* Liabilities *>

Equity capital                  871.000           842.000         1.140.000

Share capital                   200.000           200.000           200.000

Short-term debts              2.459.000           850.000         1.233.000

 

 

Company Ratios

 

Gearing I                        420,34            205,31            267,46

Acid test ratio I                123,79            148,71            137,39

Acid test ratio II               123,46            148,71            101,70

Return on investment              47,12             -9,52             18,75

Return on equity                 179,45            -35,39             32,19

Solvency ratio                    26,16             49,76             48,04

 

 

Property

 

Property             No

 

 

Corporate Structure

 

Shareholder          POUL MICHAEL ELLEGAARD-HANSEN (100%) (Shareholder)

 

Payment profile

 

Payment profile      Payment regular

 

 

Credit Summary

 

Credit limit         Estimated 150.000

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.45.07

UK Pound

1

Rs.63.57

Euro

1

Rs.72.97

 

 

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.