MIRA
INFORM REPORT
|
Report Date : |
10.12.2012 |
IDENTIFICATION DETAILS
|
Name : |
SOULMATE A/S |
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Registered Office : |
Industrivænget
5-9 Herning, 7400 |
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Country : |
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Financials (as on) : |
30.09.2011 |
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Date of Incorporation : |
2006 |
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Reg. No.: |
29533733 |
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Legal Form : |
Private Subsidiary |
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Line of Business : |
Subject is
engaged in the merchant wholesale distribution of footwear (including
athletic) of leather, rubber, and other materials. |
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No. of Employees : |
5 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Small Company |
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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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2011) |
Current Rating (30.06.2012) |
|
Denmark |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
|
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.
Source
: CIA
Company name and address
SOULMATE
A/S
Industrivænget
5-9
Herning,
7400
Denmark
Tel: +45 97 21 21 73
Fax: +45 97 21 21 94
Website: www.Zoulmate.dk
Employees: 5
Company
Type: Private Subsidiary
Corporate
Family: 2 Companies
Ultimate
Parent: Cbu Holding ApS
Incorporation
Date: 2006
Financials
in: USD (In Millions)
Fiscal Year
End: 30-Sep-2011
Reporting
Currency: Danish Krone
Annual Sales:
0.0
Net Income: 1.0
Total
Assets: 3.8
Business Description
Soulmate
A/S is primarily engaged in the merchant wholesale distribution of footwear
(including athletic) of leather, rubber, and other materials.
Industry
|
Industry |
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ANZSIC 2006: |
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NACE 2002: |
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NAICS 2002: |
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UK SIC 2003: |
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UK SIC 2007: |
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US SIC 1987: |
Key Executives
|
Name |
Title |
|
Claus Bucka |
Managing Director / Director, Board Member |
|
Torben Klausen |
Board Member |
|
Gitte Stensgaard |
Bestyrelsesformand |
News
|
Title |
Date |
|
M3 New
Media Applauded For Success in Author Book Marketing - Announces 'Best-Seller
Mojo 2013' as Acclaim For Book Marketing Software |
2-Dec-2012 |
|
A Bold way
to finish |
2-Dec-2012 |
|
'TRAGIC
NEWS WEEKS BEFORE OUR WEDDING' |
29-Nov-2012 |
|
Who is
Priya Mani's soulmate? |
24-Nov-2012 |
|
Wife makes
it special for skipper |
23-Nov-2012 |
Registered No.(DNK):
29533733
1 - Profit & Loss Item Exchange Rate: USD 1 = DKK 5.35043
2 - Balance Sheet Item Exchange Rate:
USD 1 = DKK 5.5461
Corporate Overview
Location
Industrivænget 5-9
Herning, 7400
Denmark
Tel: +45 97 21 21 73
Fax: +45 97 21 21 94
Website: www.Zoulmate.dk
Sales
DKK(mil): 0.0
Assets
DKK(mil): 21.0
Employees: 5
Fiscal Year
End: 30-Sep-2011
Industry: Footwear
Incorporation
Date: 2006
Company
Type: Private Subsidiary
Quoted
Status: Not Quoted
Registered
No.(DNK): 29533733
Managing
Director / Director, Board Member: Claus
Bucka
Industry Codes
|
ANZSIC
2006 Codes: |
||
|
3712 |
- |
Clothing
and Footwear Wholesaling |
|
371 |
- |
Textile, Clothing
and Footwear Wholesaling |
|
3711 |
- |
Textile
Product Wholesaling |
|
NACE 2002
Codes: |
||
|
5142 |
- |
Wholesale
of clothing and footwear |
|
5141 |
- |
Wholesale
of textiles |
|
514 |
- |
Wholesale
of household goods |
|
NAICS 2002
Codes: |
||
|
424340 |
- |
Footwear
Merchant Wholesalers |
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424310 |
- |
Piece
Goods, Notions, and Other Dry Goods Merchant Wholesalers |
|
4243 |
- |
Apparel,
Piece Goods, and Notions Merchant Wholesalers |
|
42431 |
- |
Piece Goods,
Notions, and Other Dry Goods Merchant Wholesalers |
|
42434 |
- |
Footwear
Merchant Wholesalers |
|
US SIC
1987: |
||
|
5139 |
- |
Footwear |
|
5131 |
- |
Piece
Goods, Notions, and Other Dry Good |
|
513 |
- |
Apparel,
Piece Goods, and Notions |
|
UK SIC
2003: |
||
|
51423 |
- |
Wholesale
of footwear |
|
514 |
- |
Wholesale
of household goods |
|
5142 |
- |
Wholesale
of clothing and footwear |
|
5141 |
- |
Wholesale
of textiles |
|
UK SIC
2007: |
||
|
4642 |
- |
Wholesale
of clothing and footwear |
|
464 |
- |
Wholesale
of household goods |
|
4641 |
- |
Wholesale
of textiles |
Business Description
Soulmate
A/S is primarily engaged in the merchant wholesale distribution of footwear (including
athletic) of leather, rubber, and other materials.
Financial Data
|
Financials in: |
DKK(mil) |
1 Year Growth |
|
Revenue: |
0.0 |
NA |
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Net Income: |
5.5 |
NA |
|
Assets: |
21.0 |
NA |
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Total Liabilities: |
0.0 |
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Date of Financial Data: |
30-Sep-2011 |
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Corporate Structure News
Soulmate A/S
Total Corporate Family Members: 2
|
Company Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
|
Cbu
Holding ApS |
Parent |
|
|
|
|
|
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Subsidiary |
Herning |
Denmark |
Footwear |
0.0 |
5 |
Board of Directors
|
|
|
|
||||
|
Managing Director
/ Director, Board Member |
Director/Board
Member |
KMPS |
||||
|
Board
Member |
Director/Board
Member |
KMPS |
||||
|
Bestyrelsesformand |
Director/Board
Member |
KMPS |
Executives
|
|
|
|||
|
Managing
Director / Director, Board Member |
Managing
Director |
|
M3 New Media
Applauded For Success in Author Book Marketing - Announces 'Best-Seller Mojo
2013' as Acclaim For Book Marketing Software |
02-Dec-2012 |
|
A Bold way
to finish |
02-Dec-2012 |
|
'TRAGIC
NEWS WEEKS BEFORE OUR WEDDING' |
29-Nov-2012 |
|
Who is
Priya Mani's soulmate? |
24-Nov-2012 |
|
Wife makes
it special for skipper |
23-Nov-2012 |
|
"YOU'RE
NEVER TOO OLD FOR LOVE" |
18-Nov-2012 |
|
PLAYING THE
MATING GAME |
16-Nov-2012 |
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MY BRAVE
SOULMATE |
16-Nov-2012 |
|
ARCHIE'S
BACK TO UPLIFT |
15-Nov-2012 |
|
New Book
Invites Readers to Travel, Adventure and Love in India |
14-Nov-2012 |
Articles
Annual Profit & Loss
|
|
30-Sep-2011 |
30-Sep-2010 |
30-Sep-2009 |
|
Period Length |
12 Months |
12 Months |
12 Months |
|
Filed Currency |
DKK |
DKK |
DKK |
|
Exchange Rate
(Period Average) |
5.35043 |
5.510584 |
5.509748 |
|
Consolidated |
No |
No |
No |
|
|
|
|
|
|
Gross Profit |
3.3 |
2.7 |
1.6 |
|
Operating Income |
1.3 |
1.3 |
0.6 |
|
Net Income |
1.0 |
1.0 |
0.4 |
Annual Balance Sheet
Financials
in: USD (mil)
|
|
30-Sep-2011 |
30-Sep-2010 |
30-Sep-2009 |
|
Filed Currency |
DKK |
DKK |
DKK |
|
Exchange Rate |
5.5461 |
5.4587 |
5.09315 |
|
Consolidated |
No |
No |
No |
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|
|
|
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Total Assets |
3.8 |
3.9 |
2.8 |
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Total Liabilities |
- |
- |
2.3 |
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Total Equity |
1.1 |
1.2 |
0.5 |
Annual Ratios
|
|
30-Sep-2011 |
30-Sep-2010 |
30-Sep-2009 |
|
Period Length |
12 Months |
12 Months |
12 Months |
|
Filed Currency |
- |
- |
- |
|
Exchange Rate |
- |
- |
- |
|
Consolidated |
No |
No |
No |
|
|
|
|
|
|
Current Ratio |
158.13 |
164.64 |
138.27 |
|
Total debt/total equity |
28.79 |
30.75 |
18.95 |
|
Return on average equity |
91.12 |
80.73 |
80.90 |
Annual Growth Rates
|
|
30-Sep-2010 |
30-Sep-2009 |
|
Period Length |
12 Months |
12 Months |
|
Filed Currency |
- |
- |
|
Exchange Rate |
- |
- |
|
Consolidated |
No |
No |
|
|
|
|
|
Marginal Contribution Percent Change |
16.76% |
72.86% |
|
Operating Results Percent Change |
-7.22% |
136.57% |
|
Profit/Loss for the Year Percent Change |
5.17% |
135.48% |
|
Assets Percent Change |
-0.46% |
45.40% |
|
Equity Capital Percent Change |
-6.81% |
135.98% |
|
Current Ratio Percent Change |
-3.95% |
19.07% |
|
Debt/Equity Ratio Percent Change |
-6.37% |
62.27% |
|
Retun On Equity Percent Change |
12.87% |
-0.21% |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.20 |
|
|
1 |
Rs.86.99 |
|
Euro |
1 |
Rs.70.22 |
INFORMATION DETAILS
|
Report
Prepared by : |
SDA |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.