MIRA INFORM REPORT

 

 

Report Date :

20.05.2011

 

IDENTIFICATION DETAILS

 

Name :

VILA A/S

 

 

Registered Office :

Stilling Kirkevej 10, City 8660 Skanderborg, Country  Denmark

 

 

Country :

Denmark

 

 

Financials (as on) :

31.07.2010

 

 

Year of Establishment :

1982

 

 

Com. Reg. No.:

67756819 A/S

 

 

Legal Form :

Limited Company

 

 

Line of Business :

Wholesale of clothing and footwear

 

 

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 :

Estimated 10.000.000 DK

Status :

Good

Payment Behaviour :

Regular

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

 

Main name       

    

VILA A/S

 

 

Main address 

      

STILLING KIRKEVEJ 10

City        8660 SKANDERBORG

Country  Denmark

 

Phone-no.                     +45-99-423900

Nat. partner                   ID-no.  171274

ID-/Reg.-no.                   67756819 A/S

 

 

Legal form          

 

Limited company

 

 

Activity   

        

Wholesale of clothing and footwear

 

 

No of employees

 

146

 

 

Management Information

 

Management           ANDERS HOLCH POVLSEN (Managing director)

 

Board of directors   FINN POULSEN (Member of the board)

ANDERS HOLCH POVLSEN (Member of the board)

ERIK WEIBEL (Member of the board)

 

 

Historical Data

 

Established          1982

 

Registered           1988-08-06

 

 

Credit Facilities

 

Bankers              NORDEA BANK DANMARK A/S BRANDE AFDELING STOREGADE

- 30 7330 BRANDE

 

 

Financial data

 

Currency             Danish Krone

 

Closing date                 2010-07-31        2009-07-31        2008-07-31

 

Source                      Ann. report       Ann. report       Ann. report

 

Turnover                    808.305.000       523.533.000       498.416.000

Costs                       638.646.000       470.645.000       425.955.000

Ordinary result             212.872.000        67.388.000        97.626.000

Tax                          47.293.000        11.218.000        27.000.000

Annual result               165.579.000        56.170.000        70.626.000

 

<* Assets *>

Fixed assets                 56.625.000        55.351.000        55.995.000

Current assets              454.564.000       224.473.000       191.254.000

 

<* Liabilities *>

Equity capital              194.445.000       145.547.000       131.441.000

Share capital                 6.300.000         6.300.000         6.300.000

Short-term debts            316.105.000       133.503.000       115.329.000

 

 

Company Ratios

 

Gearing I                        229,36            148,01            152,86

Acid test ratio I                143,80            168,14            165,83

Acid test ratio II               118,41            123,37            139,62

Return on investment              33,19             18,90             29,31

Return on equity                 109,48             46,30             74,27

Solvency ratio                    38,04             52,01             53,16

 

 

Property

 

Property             No

Corporate Structure

 

Subsidiaries     

VILA NORGE AS (100%)

VILA CLOTHES LTD (100%)

VILA CLOTHES BENELUX BV (100%)

VILA CLOTHES AG (100%)

VILA SWEEDEN AB (81%)

VILA FINLAND OY (100%)

VILA BELGIUM BVBA (100%)

VILA FRANCE SAS (100%)

VILA GMBH (100%)

VILA RETAIL A/S (ID:1529659) (100%)

 

Associated business 

AKTIESELSKABET AF 2.12.1998 (ID:809959) (50%)

AKTIESELSKABET AF 1.8.2000 (ID:1052357) (50%)

VILA RETAIL LTD (50%)

 

Secondary names(s)   AKTIESELSKABET AF 4.1.1994

 

 

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.45.08

UK Pound

1

Rs.73.35

Euro

1

Rs.64.30

 

 

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.