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Report Date : |
31.08.2012 |
IDENTIFICATION DETAILS
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Name : |
KMC, KARTOFFELMELCENTRALEN, AMBA |
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Registered Office : |
Herningvej 60, 7330 Brande |
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Country : |
Denmark |
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Financials (as on) : |
31.08.2011 |
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Year of Establishment : |
1933 |
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Com. Reg. No.: |
15230614 AMB |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Processing and preserving of potatoes |
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No. of Employees : |
121 employees |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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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, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
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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 |
Denmark - ECONOMIC OVERVIEW
This thoroughly modern market economy features a high-tech agricultural sector, state-of-the-art industry with world-leading firms in pharmaceuticals, maritime shipping and renewable energy, and a high dependence on foreign trade. Denmark is a member of the European Union (EU); Danish legislation and regulations conform to EU standards on almost all issues. Danes enjoy among the highest standards of living in the world and the Danish economy is characterized by extensive government welfare measures and an equitable distribution of income. Denmark is a net exporter of food and energy and enjoys a comfortable balance of payments surplus but depends on imports of raw materials for the manufacturing sector. Within the EU, Denmark is among the strongest supporters of trade liberalization. After a long consumption-driven upswing, Denmark's economy began slowing in 2007 with the end of a housing boom. Housing prices dropped markedly in 2008-09 and, following a short respite in 2010, continued to decline in 2011 though at a slower pace. The global financial crisis has exacerbated this cyclical slowdown through increased borrowing costs and lower export demand, consumer confidence, and investment. The global financial crises cut Danish real GDP by 0.8% in 2008 and 5.8% in 2009. Denmark made a modest recovery in 2010 with real GDP growth of 1.3%, in part because of increased government spending; however, the country experienced a technical recession in late 2010-early 2011. Historically low levels of unemployment rose sharply with the recession and have remained at about 6% in 2010-11, based on the national measure, about two-thirds average EU unemployment. An impending decline in the ratio of workers to retirees will be a major long-term issue. Denmark maintained a healthy budget surplus for many years up to 2008, but the budget balance swung into deficit in 2009. In spite of the deficits, the new coalition government plans to deliver a modest stimulus to the economy in 2012. Nonetheless, Denmark's fiscal position remains among the strongest in the EU at 46.5% of GDP in 2011. Despite previously meeting the criteria to join the European Economic and Monetary Union (EMU), so far Denmark has decided not to join, although the Danish krone remains pegged to the euro. Denmark held the EU presidency during the first half of 2012; priorities included promoting a responsible, dynamic, green, and safe Europe, while working to steer Europe out of its euro zone economic crisis.
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Source : CIA |
KMC, KARTOFFELMELCENTRALEN, AMBA
Main address
HERNINGVEJ 60
City 7330 BRANDE
Country Denmark
Phone-no. +45-96-425555
Nat. partner ID-no. 82191
ID-/Reg.-no. 15230614 AMB
Legal form Private limited company
Company Status Active
Activity 10.31 Processing and preserving of potatoes
10.62 Manufacture of starches and starch products
No of employees empl 121
Management HANS NICOLAI HANSEN (Managing director)
Board of directors MARTIN ARVAD NIELSEN (Chairman of the board)
ANDERS DYRBERG
PETER CHRISTIAN PETERSEN (Member of the board)
JENS JØRGEN HANSEN (Member of the board)
LAURITS HOLM ROSENLUND (Member of the board)
KRISTIAN MØLLER SØRENSEN (Member of the board)
Established 1933
Registered 1995-10-11
Bankers NORDEA BANK DANMARK A/S ERHV.CENTER MIDT-OG
- VESTJYLLAND
Currency Danish Krone
<* *>
Closing date 2011-08-31 2010-08-31 2009-08-31
Source Ann. report Ann. report Ann. report
Turnover 842.148.000 646.844.000 626.018.000
Costs 727.866.000 662.564.000 602.299.000
Ordinary result 103.601.000 -33.977.000 16.821.000
Tax 1.150.000 629.000 901.000
Annual result 102.451.000 -34.606.000 15.920.000
<* Assets *>
Fixed assets 180.874.000 201.987.000 237.890.000
Current assets 201.260.000 153.278.000 147.037.000
<* Liabilities *>
Equity capital 184.459.000 91.169.000 147.013.000
Share capital 34.300.000 15.300.000 14.700.000
Long-term debts 73.297.000 92.170.000 111.409.000
Short-term debts 124.378.000 171.927.000 126.504.000
Gearing I 5.513,95 -238,32 -261,80
Acid test ratio I 161,81 89,15 116,23
Acid test ratio II 128,39 71,76 88,03
Return on investment 29,91 -4,42 6,16
Return on equity 56,16 -37,27 11,44
Solvency ratio 48,27 25,66 38,19
Property Yes
Property ass. value 82.288.000 (Annual report)
Mortgaging No
Shareholder KARUP KARTOFFELMELFABRIK AMBA (ID:116303) (44%)
- (Shareholder)
Subsidiaries KMC UK LTD (100%)
KMC TAPIOCA STARCH CO LTD (100%)
KMC INTERNATIONAL A/S (ID:987644) (100%)
KMC INGREDIENTS GMBH (75%)
Associated business ANDELS-KARTOFFELMELSFABRIKKEN SØNDERJYLLAND
- (ID:164743) (28%)
Payment profile Payment regular
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.55.65 |
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UK Pound |
1 |
Rs.88.10 |
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Euro |
1 |
Rs.69.84 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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.