MIRA INFORM REPORT

 

 

Report Date :           

01.02.2012

 

IDENTIFICATION DETAILS

 

Correct Name :

MONJASA AS

 

 

Registered Office :

Strevelinsvej 34, Dk-7000 Fredericia

 

 

Country :

Denmark

 

 

Financials (as on) :

31.12.2010

 

 

Date of Incorporation :

14.02.2002

 

 

Com. Reg. No.:

26480531         

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Purchase and sale of oil for the marine business as well as trade in related products and services worldwide

 

 

No. of Employees :

27

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Maximum Credit Limit :

EUR 1.000.000,00

Status :

Satisfactory

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 – September 30th, 2011

 

Country Name

Previous Rating

                   (30.06.2011)                  

Current Rating

(30.09.2011)

Denmark

a2

a2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

Company summary

 

COMPANY’S NAME                              MONJASA A/S

 

ADDRESS                                         Strevelinsvej 34     

                                                         DK-7000 FREDERICIA

 

TELEPHONE-NO                                +45 70 26 02 31

 

TELEFAX-NO                                     +45 70 26 02 33

 

E-MAIL-ADDRESS                             denmark@monjasa.com

 

LOCAL CURRENCY                           D K K

 

FOUNDATION                                    14.02.2002

 

CENTRAL BUSINESS-REG-NO           CVR-No.:26480531

 

EU-VAT-ID-NO                                   DK26 48 05 31

 

LEGAL FORM                                    Private Limited Company

 

SHARE CAPITAL                               DKK 578.000,00

 

PARENT COMPANY                          DK33 15 07 09

                                                         MONJASA HOLDING A/S – 100 %

 

AUDITORS                                         PricewaterhouseCoopers

                                                         Strandvejen 44

                                                         2900 HELLERUP

 

BOARD OF DIRECTORS                    Christian Merrild, Chairman

                                                         Jan Jacobsen

                                                         Anders Østergaard

                                                         Tage Benedikt Bundgaard

                                                         Jens Vandborg Mathiasen

                                                         Anders Holger Nørgaard

 

EXECUTIVE BOARD                           Anders Østergaard

                                                         Jan Jacobsen

 

ACTIVITY                                           Purchase and sale of oil for the marine

                                                         business as well as trade in related products

                                                         and services worldwide.                      

 

EMPLOYEES                                    27

 

TURNOVER                                       2009 DKK 1.694.338.000,00

                                                         2010 DKK 2.983.845.000,00

 

SUBSIDIARIES                                  None

 

COMPANY’S NAME                          MONJASA A/S

 

 

GROUP ENTERPRISE                        Magadir Shipping Aps, Fredericia

                                                         Monjasa Chartering ApS, Fredericia

                                                         Energizer Shipping ApS, Fredericia

                                                         Wavecat Transfers ApS, Fredericia

                                                         C-Bed II BV, Holland

                                                         C-Bed BV, Holland

                                                         Monjasa Pte. Ltd., Singapore

                                                         Monjasa DMCC, Dubai/UAE               

 

FINANCIAL STANDING                       The financial situation is sound.          

 

ACCOUNTS                                       See latest published balance-sheet on page 3.

 

REAL ESTATE                                   Facilities are rented.

 

PAYMENTS                                       Nothing detrimental has been noted

 

BANKERS                                         Nordea Bank Danmark A/S

                                                         Rendebanen 13

                                                         6000 KOLDING

 

CREDIT OPINION                               Business- and credit connection admissible

 

MAX CREDIT 30 DAYS                       EUR 1.000.000,00

 

The name you provided (mAnjasa) is not completely correct.

 

 

Financial detail

 

ACCOUNTS CLOSED AS PER                           31.12.2010             31.12.2009

 

EXTRACT IN 1000 DKK

 

PROFIT & LOSS ACCOUNT

 

GROSS RESULTS                                             67.205              46.682

 

OPERATING RESULTS                                      48.215              30.272

 

RESULTS BEFORE TAXES                                53.055                   21.373

 

YEAR’S NET RESULT                                       42.641              15.621

 

TOTAL ASSETS                                                438.185 320.437

 

ASSETS

 

FIXED ASSETS                                                 8.111                4.588

-Tangible assets                                                  2.760                     3.140

-Financial assets                                                 3.952                 105

-Intangible assets                                                1.399                     1.343

 

CURRENT ASSETS                                         430.074                 315.849

-Receivables                                                    390.037                 279.028

-Inventories                                                        37.303                   35.142

-Cash, bank , etc.                                                2.734                     1.679

 

EQUITY & LIABILITIES

SHORTTERM LIABILITIES                                310.809                 235.702

-Suppliers                                                        161.098                 117.212

-Bankers                                                         103.786                   86.294

 

LONGTERM LIABILITIES                                      0                           0

                                                                           

SHAREHOLDER’S EQUITY                              127.376                   84.735

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.49.68

UK Pound

1

Rs.78.17

Euro

1

Rs.65.52

 

 

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.