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Report Date : |
22.12.2012 |
IDENTIFICATION DETAILS
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Name : |
AMMARA IMPORT APS |
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Registered Office : |
Kuldyssen 17, DK-2630
TAASTRUP |
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Country : |
Denmark |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
08.12.2010 |
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Com. Reg. No.: |
APS485205 |
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Legal Form : |
Private Limited Liability
Company |
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Line of Business : |
Import and wholesale
trade in food products. |
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No. of Employees : |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Moderate |
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Payment Behaviour : |
Slow |
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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 (31.03.2012) |
Current Rating (30.06.2012) |
|
Denmark |
A2 |
A2 |
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Risk Category |
ECGC
Classification |
|
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.
|
Source : CIA |
COMPANY NAME AMMARA IMPORT ApS
POSTAL ADDRESS Kuldyssen 17
DK-2630 TAASTRUP
VISITING ADDRESS Høje Taastrup
Boulevard 51
DK-2630
TAASTRUP
TELEPHONE-NO +45
43 55 28 26
LOCAL CURRENCY D K K
FOUNDATION 08.12.2010
CENTRAL BUSINESS-REG-NO CVR.-No.:33368895
COMPANY-REG-NO APS485205
EU-VAT-ID-NO DK33 36 88 95
LEGAL FORM Private
Limited Liability Company
SHARE CAPITAL DKK 80.000,00
SHAREHOLDERS Mr Rizwan Zafar
Øksen 11
2 0109
2630
TAASTRUP
AUDITORS AGENDA
REVISION
Ringager
4 C
2605
BRØNDBY
MANAGING DIRECTOR Rizwan Zafar
AUTHORISED SIGNATORY The Director
ACTIVITY Import
and wholesale trade in food products.
TRADENAMES AMMARA
FOOD ApS
EMPLOYEES None
TURNOVER Figures
are strictly confidential
GROSS RESULTS 31.12.2011 DKK
-296.286,00
SUBSIDIARIES None
The financial situation
seem to be weak.
Net loss 2011: DKK
350.512,00.
Equity capital is negative.
Further development should
be followed.
Facilities are rented.
No official remarks noted.
Nordea
Credit against full
securities only.
ACCOUNTS CLOSED AT 31.12.2011
EXTRACT IN 1000 DKK
PROFIT & LOSS ACCOUNT
OPERATING RESULTS -462
RESULTS BEFORE TAXES -465
YEAR’S NET RESULT -350
TOTAL ASSETS 1.326
ASSETS
FIXED ASSETS 29
-Tangible assets 29
-Financial assets 0
-Intangible assets 0
CURRENT ASSETS 1.297
-Current receivables 277
-Inventories 1.000
-Cash, bank etc. 20
EQUITY & LIABILITIES
SHORTTERM LIABILITIES 1.597
-Suppliers 1.434
LONGTERM LIABILITIES 0
PROVISIONS/RESERVES 0
SHAREHOLDER’S EQUITY -270
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.08 |
|
UK Pound |
1 |
Rs.89.53 |
|
Euro |
1 |
Rs.72.77 |
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 |
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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 |
|
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 |
|
<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.