MIRA INFORM REPORT
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Report Date : |
22.12.2012 |
7
IDENTIFICATION DETAILS
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Name : |
NOWACO AS
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Formerly Known As : |
Nowaco Group A/S |
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Registered Office : |
Prinsensgade 15, PO Box 40, Aalborg, 9000 |
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Country : |
Denmark |
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Financials (as on) : |
31.12.2011 |
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Year of Establishment : |
1972 |
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Com. Reg. No.: |
62497718 |
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Legal Form : |
Private Independent Company |
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Line of Business : |
Wholesale of food and food products; food processing including the production of ice cream and ready-prepared dishes; packaging of vegetables and meat-cutting |
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No. of Employees : |
112 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 – June 30th, 2012
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Country Name |
Previous Rating (31.03.2011) |
Current Rating (30.06.2012) |
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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 |
Company
name & address
Nowaco A/S
Prinsensgade 15
PO Box 40
Aalborg, 9000
Denmark
Tel: 45 9630 8080
Fax: 45 9630 8090
Web: www.nowaco.com
Synthesis
Employees: 112
Company Type: Private Independent
Incorporation Date: 1972
Financials in: USD
(Millions)
Fiscal Year End:
31-Dec-2010
Reporting Currency: Danish
Krone
Annual Sales: 270.3
Total Assets: NA
Business
Description
Wholesale of food and food products; food processing including the
production of ice cream and ready-prepared dishes; packaging of vegetables and
meat-cutting
Industry
Industry Retail (Grocery)
ANZSIC 2006: 3601 - General Line
Grocery Wholesaling
NACE 2002: 5139 -
Non-specialised wholesale of food, beverages and tobacco
NAICS 2002: 424410 - General
Line Grocery Merchant Wholesalers
UK SIC 2003: 5139 -
Non-specialised wholesale of food, beverages and tobacco
US SIC 1987: 5141 - Groceries,
General Line
Key
Executives
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Name |
Title |
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Preben K Nielsen |
Managing Director and Chief Executive Officer |
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Brian S Larsen |
Finance Directorand Chief Financial Officer |
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Inge Buch Sørensen |
Executive Sales Manager (Trading) |
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Irving Munch |
Manager-Administrative |
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Niels B. Mørch Nielsen |
Manager-Information Technology |
News
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Title |
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Date |
Soup kitchen
Mint (921 Words)
12-Nov-2011
Registered
No.(DNK): 62497718
1 - Profit & Loss Item Exchange Rate: USD 1 = DKK 5.623146
2 - Balance Sheet Item Exchange Rate: USD 1 = DKK 5.55485
Corporate
Overview
Location
Prinsensgade 15
PO Box 40
Aalborg, 9000
Denmark
Tel: 45 9630 8080
Fax: 45 9630 8090
Web: www.nowaco.com
Sales DKK(mil): 1,520.0
Assets DKK(mil): NA
Employees: 112
Fiscal Year End: 31-Dec-2010
Industry: Retail
(Grocery)
Incorporation Date: 1972
Company Type: Private
Independent
Quoted Status: Not
Quoted
Previous Name: Nowaco
Group A/S
Registered No.(DNK): 62497718
Managing Director and
Chief Executive Officer: Preben K
Nielsen
Contents
Industry Codes
Business Description
Brand/Trade Names
Financial Data
Key Corporate Relationships
Industry Codes
ANZSIC 2006 Codes:
3602 - Meat, Poultry and Smallgoods Wholesaling
1140 - Fruit and Vegetable Processing
3601 - General Line Grocery Wholesaling
3609 - Other Grocery Wholesaling
1132 - Ice Cream Manufacturing
NACE 2002 Codes:
1533 - Processing and preserving of fruit and vegetables not
elsewhere classified
1552 - Manufacture of ice cream
5132 - Wholesale of meat and meat products
5139 - Non-specialised wholesale of food, beverages and tobacco
NAICS 2002 Codes:
424420 - Packaged Frozen Food Merchant Wholesalers
311520 - Ice Cream and Frozen Dessert Manufacturing
424440 - Poultry and Poultry Product Merchant Wholesalers
311412 - Frozen Specialty Food Manufacturing
424410 - General Line Grocery Merchant Wholesalers
US SIC 1987:
2038 - Frozen Specialties, Not Elsewhere Classified
5141 - Groceries, General Line
5142 - Packaged Frozen Foods
2024 - Ice Cream and Frozen Desserts
5144 - Poultry and Poultry Products
UK SIC 2003:
5132 - Wholesale of meat and meat products
1533 - Processing and preserving of fruit and vegetables not
elsewhere classified
5139 - Non-specialised wholesale of food, beverages and tobacco
1552 - Manufacture of ice cream
Business
Description
Wholesale of food and food products; food processing including the
production of ice cream and ready-prepared dishes; packaging of vegetables and
meat-cutting
More Business
Descriptions
Nowaco A/S is primarily
engaged in one or more of the following: (1) salting, roasting, drying,
cooking, or canning nuts; (2) processing grains or seeds into snacks; and (3)
manufacturing peanut butter.
Trading Companies
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Executive
report
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Board of
Directors |
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Deputy Chairman |
Chairman |
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Chairman |
Chairman |
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Board Member |
Director/Board Member |
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Executives |
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Managing Director and Chief Executive Officer |
Chief Executive Officer |
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General Manager and Chief Operating Officer |
Division Head Executive |
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Manager-Administrative |
Administration Executive |
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Sekretær |
Company Secretary |
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Finance Directorand Chief Financial Officer |
Finance Executive |
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Manager-Trading |
Investment Executive |
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Executive Sales Manager (Trading) |
Investment Executive |
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Human Resources Manager |
Human Resources Executive |
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Markedschef |
Marketing Executive |
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Information Technology |
Information Executive |
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Manager-Information Technology |
Information Executive |
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IT Manager |
Engineering/Technical Executive |
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Purchasing Executive, Production Director |
Product Management Executive |
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Member |
Partner |
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Member |
Partner |
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Member |
Partner |
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News
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Soup kitchen |
12-Nov-2011 |
Articles
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SLOVAKIA: Nowaco buys ice cream maker
Frost |
24-Jan-2012 |
Annual Profit & Loss
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31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
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Period Length |
12 Months |
12 Months |
12 Months |
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Filed Currency |
DKK |
DKK |
DKK |
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Exchange Rate
(Period Average) |
5.358236 |
5.623146 |
5.354263 |
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Consolidated |
Yes |
Yes |
Yes |
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Total Revenue |
329.9 |
270.3 |
308.4 |
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Gross Profit |
18.6 |
15.7 |
19.6 |
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Operating Income |
7.4 |
5.9 |
8.3 |
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Net Income |
6.3 |
5.2 |
6.9 |
Annual
Balance Sheet
Financials in: USD (mil)
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31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
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Filed Currency |
DKK |
DKK |
DKK |
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Exchange Rate |
5.72535 |
5.55485 |
5.18625 |
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Consolidated |
Yes |
Yes |
Yes |
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Total Assets |
67.1 |
57.3 |
52.2 |
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Provisions |
- |
0.0 |
- |
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Total Liabilities |
- |
- |
31.4 |
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Total Equity |
22.3 |
21.1 |
20.7 |
Annual
Ratios
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31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
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Period Length |
12 Months |
12 Months |
12 Months |
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Filed Currency |
- |
- |
- |
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Exchange Rate |
- |
- |
- |
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Consolidated |
Yes |
Yes |
Yes |
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Operating Margin |
2.25 |
2.19 |
2.69 |
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Current Ratio |
148.80 |
157.19 |
165.06 |
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Total debt/total equity |
33.25 |
36.85 |
39.76 |
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Return on average equity |
26.55 |
25.09 |
34.33 |
Annual
Growth Rates
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31-Dec-2010 |
31-Dec-2009 |
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Period Length |
12 Months |
12 Months |
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Filed Currency |
- |
- |
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Exchange Rate |
- |
- |
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Consolidated |
Yes |
Yes |
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Turnover Percent Change |
16.29% |
-7.95% |
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Marginal Contribution Percent Change |
13.11% |
-15.98% |
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Operating Results Percent Change |
19.63% |
-25.28% |
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Profit/Loss for the Year Percent Change |
15.19% |
-20.29% |
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Assets Percent Change |
20.62% |
17.66% |
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Provisions Percent Change |
-100.00% |
- |
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Equity Capital Percent Change |
8.86% |
9.04% |
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Operating Margin Percent Change |
2.74% |
-18.59% |
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Current Ratio Percent Change |
-5.34% |
-4.77% |
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Debt/Equity Ratio Percent Change |
-9.77% |
-7.32% |
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Retun On Equity Percent Change |
5.82% |
-26.92% |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.55.08 |
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UK Pound |
1 |
Rs.89.53 |
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Euro |
1 |
Rs.72.77 |
INFORMATION DETAILS
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Report Prepared
by : |
PRL |
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 |
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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.