MIRA INFORM REPORT

 

 

Report Date :           

19.08.2011

 

IDENTIFICATION DETAILS

 

Name :

CHEMARK APS

 

 

Registered Office :

Vordingborgvej 187 (Since 27.05.2011), Dk-4682 Tureby

 

 

Country :

Denmark

 

 

Financials (as on) :

31.12.2010

 

 

Date of Incorporation :

16.07.1999

 

 

Com. Reg. No.:

21816272

 

 

Legal Form :

Limited Liability Company

 

 

Line of Business :

Agency trade with products for the chemical industry

 

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

 

Status :

Satisfactory

Payment Behaviour :

No Complaints

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’S NAME & address 

 

CHEMARK APS

 

Vordingborgvej 187 (since 27.05.2011)

DK-4682 TUREBY

Telephone-No                +45 56 63 86 00

Telefax-No                     +45 56 63 80 45

E-Mail-Address              chemark@chemark.dk

 

 

Company summary

 

LOCAL CURRENCY                                           D K K

 

FOUNDATION                                                   16.07.1999

 

CENTRAL BUSINESS-REG-NO  CVR-No.:          21816272

 

EU-VAT-ID-NO                                                   DK 21 81 62 72

 

LEGAL FORM                                                   Limited liability company

 

NOMINAL CAPITAL                                           DKK 125.000

 

PARENT COMPANY                                          DK 21 85 78 31  100 %

                                                                        JJD Holding ApS, at above address.

 

AUDITORS                                                        PricewaterhouseCoopers

                                                                        Toldbuen 1

                                                                        4700 NÆSTVED

 

BOARD OF DIRECTORS                                    Jesper Damm, chairman

                                                                        Jane Damm

                                                                        Egon Døj

 

MANAGING DIRECTOR                         Peter Ravn Nielsen

                                                                        Anders Englund

 

ACTIVITY                                                          Agency trade with products for the chemical industry.

           

EMPLOYEES                                                    9

 

TURNOVER                                                      Figures are strictly confidential.

 

SUBSIDIARIES                                                  None

 

FINANCIAL STANDING                                      The financial standing is sound.

 

REAL ESTATE                                                  None registered

 

PAYMENTS                                                      Nothing detrimental has been noted.

 

BANKERS                                                        Spar Nord Bank A/S

            Søndre Allé 1

            4600 KØGE

 

REMARKS                                                        Your request on a former address

                                                            Nørregade 10 C, 4600 KØGE

 

 

Financials

 

ACCOUNTS CLOSED AS PER              31.12.2010    31.12.2009

 

EXTRACT IN 1000 DKK

 

PROFIT & LOSS ACCOUNT

 

OPERATING RESULTS                   11.503      10.359

 

RESULTS BEFORE TAXES                11.213        10.292

 

YEAR’S NET RESULT                    8.390         7.699

 

TOTAL ASSETS                        49.414        34.778

 

ASSETS

 

FIXED ASSETS                        1.937          1.325

-Tangible assets                     1.866         1.254

-Financial assets                   70           70

 

CURRENT ASSETS                      47.477        33.454

-Receivables                        30.495        20.690

-Inventories                        14.233         9.432

-Cash, bank , etc.                   2.749         3.332

 

EQUITY & LIABILITIES

 

SHORTTERM LIABILITIES               36.685        23.452

-Suppliers                          21.442        15.944

-Bankers                             5.734       504

 

LONGTERM LIABILITIES               316           316

 

RESERVES/PROVISIONS                 35            23

 

SHAREHOLDER’S EQUITY                12.377        10.987

 

 

 Bottom of Form

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.46.13

UK Pound

1

Rs.74.18

Euro

1

Rs.64.88

 

 

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.