MIRA INFORM REPORT

 

 

Report Date :           

21.04.2012

 

IDENTIFICATION DETAILS

 

Name :

INTER LEATHER AS

 

 

Registered Office :

Industrivej 1, 6900 Skjern

 

 

Country :

Denmark

 

 

Financials (as on) :

31.12.2010

 

 

Date of Incorporation :

09.06.1995

 

 

Com. Reg. No.:

18458306 A/S

 

 

Legal Form :

Limited Company

 

 

Line of Business :

Wholesale of other household goods

 

 

No. of Employees :

0

 

RATING & COMMENTS

 

MIRA’s Rating :

Ca

 

RATING

STATUS

PROPOSED CREDIT LINE

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

 

Maximum Credit Limit :

10.000 DK  (Estimated )

Status :

Moderate

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, 2012

 

Country Name

Previous Rating

                   (31.12.2011)                  

Current Rating

(31.03.2012)

Denmark

a2

a2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

Company ID 

 

Main name                    INTER LEATHER A/S

 

Main address                 INDUSTRIVEJ 1

City                              6900 SKJERN

Country                         Denmark

Phone-no.                     +45-97-351177

Fax-no.                         +45-97-353930

 

Nat. partner ID-no.          394097

 

ID-/Reg.-no.                   18458306 A/S

 

Legal form                     Limited company

 

Company Status            Active

 

Latest change                2011-11-11

 

 

Activity 

 

Activity         46.49 Wholesale of other household goods

                     15.12 Manufacture of luggage, handbags and the like, sad

                     22.29 Manufacture of other plastic products

 

No of employees empl 0

 

 

Management Information 

 

Management                 GERT PULTZ SCHJØTT AXELSEN

 

Board of directors      KAJ SCHJØTT AXELSEN (Chairman of the board)

                     BJARNE EGON BØDTKER

                     GERT PULTZ SCHJØTT AXELSEN (Member of the board)

                     HANS-OLE JESSEN (Member of the board)

 

 

Historical Data 

 

Established          1957

 

Registered           1995-06-09

 

Credit Facilities 

 

Bankers      VESTJYSK BANK A/S RINGKØBING AFDELING TORVET 2 6950

                   - RINGKØBIN

                   VESTJYSK BANK A/S SKJERN AFDELING BREDGADE 38 6900

                   - SKJERN

 

 

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                -201.000             4.000            21.000

Tax                             -42.000            19.000            15.000

Annual result                  -159.000           -15.000             7.000

 

<* Assets *>

Fixed assets                    578.000           359.000           791.000

Current assets               10.739.000         9.493.000         9.753.000

 

<* Liabilities *>

Equity capital                  101.000           260.000           274.000

Share capital                   500.000           500.000           500.000

Short-term debts             11.216.000         9.591.000        10.270.000

 

 

Company Ratios 

 

Gearing I                     -2.351,36         -9.687,88         -1.986,46

Acid test ratio I                 95,75             98,98             94,97

Acid test ratio II                31,97             33,74             31,39

Return on investment               3,27              5,51              6,69

Return on equity                -199,01              1,54              7,66

Solvency ratio                     0,89              2,64              2,60

 

 

Property 

 

Property             No

 

Corporate Structure 

 

Parent company       GAX HOLDING APS (ID:918928) (100%)

 

 

Payment profile 

 

Payment profile      Payment regular

 

 

Credit Summary 

 

Credit limit         Estimated 10.000

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.51.99

UK Pound

1

Rs.83.54

Euro

1

Rs.63.40

 

 

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.