MIRA INFORM REPORT

 

 

Report Date :

07.02.2012

 

IDENTIFICATION DETAILS

 

Name :

DANISCO AS

 

 

Registered Office :

Langebrogade 1 1411 København K

 

 

Country :

Denmark

 

 

Financials (as on) :

30.04.2011

 

 

Year of Establishment :

1881

 

 

Com. Reg. No.:

11350356 A/S

 

 

Legal Form :

Limited Company

 

 

Line of Business :

Manufacture of other food products

 

 

No. of Employees :

1339

 

RATING & COMMENTS

 

MIRA’s Rating :

A

 

RATING

STATUS

PROPOSED CREDIT LINE

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

 

Maximum Credit Limit :

Estimated 10.000.000 Danish Krone

Status :

Good

Payment Behaviour :

Regular

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 30, 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 ID 

 

Main name                    DANISCO A/S

Main address                 LANGEBROGADE 1

City                              1411 KØBENHAVN K

Country                         Denmark

 

Phone-no.                     +45-32-662000

Fax-no.                         +45-32-662175

 

Nat. partner                   ID-no.  139710

 

ID-/Reg.-no.                   11350356 A/S

 

Legal form                     Limited company

 

Company Status            Active

 

Latest change                2012-01-29

 

Branch Address             Edwin Rahrs VEJ 38 DK-8220, Brabrand             

 

 

Activity 

 

Activity              10.89 Manufacture of other food products n.e.c.

                        20.59 Manufacture of other chemical products n.e.c.

 

No of employees empl 1339

 

 

Management Information

 

Management           CRAIG FRANK BINETTI

                     JAMES COMPTOM COLLINS JR

                     JØRGEN ROSENLUND NIELSEN

                     DEBORAH JO WOOD

 

Board of directors   NICHOLAS CHARLES FANANDAKIS (Chairman of the board)

                     -

                     IAN HUDSON

                     PATRICK STEPHAN SCHRIBER

                     BENITO CACHINERO-SANCHEZ (Member of the board)

                     SUSAN MATAMOROS STALNECKER (Member of the board)

                     JOHN RICHARD WILEY (Member of the board)

                     FLEMMING KRISTENSEN (Member of the board)

                     WERNER HESS (Member of the board)

                     ANNE AGGER SPARSØ (Member of the board)

 

Historical Data 

 

Established          1881

 

Registered           1900-01-01

 

 

Credit Facilities

 

Bankers              DANSKE BANK HOLMENS KANAL AFDELING HOLMENS KANAL 2

                         - 1092 KØ

                        NORDEA BANK DANMARK A/S STORKUNDEAFDELINGEN

                        - STRANDGADE 3,

 

 

Financial data 

 

Currency             Danish Krone

 

 

Closing date                 2011-04-30        2010-04-30        2009-04-30

 

Source                      Ann. report       Ann. report       Ann. report

 

Turnover                  3.110.000.000     3.226.000.000     2.795.000.000

Costs                     3.543.000.000     3.391.000.000     2.918.000.000

Ordinary result             576.000.000     1.580.000.000       768.000.000

Tax                          -3.000.000       -51.000.000       -50.000.000

Annual result               579.000.000     1.631.000.000       818.000.000

 

Assets 

Fixed assets             15.321.000.000    18.609.000.000    19.584.000.000

Current assets            6.557.000.000     5.615.000.000     5.723.000.000

 

Liabilities 

Equity capital           11.529.000.000    11.915.000.000    10.585.000.000

Share capital               954.000.000       954.000.000       954.000.000

Long-term debts           1.934.000.000     2.749.000.000     3.691.000.000

Short-term debts          8.125.000.000     9.260.000.000    10.595.000.000

 

Company Ratios 

Gearing I                       -265,27           -179,40           -158,75

Acid test ratio I                 80,70             60,64             54,02

Acid test ratio II                75,94             56,74             46,76

Return on investment              -1,98             -0,68             -0,49

Return on equity                   5,00             13,26              7,26

Solvency ratio                    52,70             49,19             41,83

 

Property

 

Property             Yes

 

Property ass. value  512.000.000 (Annual report)

 

Mortgaging I         Yes Total mortgaging 508.000.000

 

 

Corporate Structure 

 

Shareholder          LØNMODTAGERNES DYRTIDSFOND (ID:393416) (3%)

                     - (Shareholder)

                     ARBEJDSMARKEDETS TILLÆGSPENSION (ID:553003)

                     - (Shareholder)

 

Subsidiaries         DANISCO DEUTSCHLAND GMBH (100%)

                     DANISCO INGREDIENTS BETEILIGUNGSGESELLSCHAFT MBH

                     - (100%)

                     DANISCO LANDERNEAU SAS (100%)

                     DANISCO SEILLANS SAS (100%)

                     DANISCO SWEETENERS (FRANCE) SA (100%)

                     DANISCO BV (100%)

                     YDERNÆS 1 A/S (ID:212243) (100%)

                     PERLAROM INVESTISSEMENTS SA (100%)

                     COMETRA A/S (ID:198344) (100%)

                     A/S SYNTETIC (ID:202822) (100%)

                     CULTOR HOLLAND BV (100%)

                     DANISCO HOLDING FRANCE SAS (100%)

                     DANISCO SINGAPORE PTE LTD (100%)

                     DANISCO BRASIL LTDA (100%)

                     DANISCO CULTOR ESPANA SA (100%)

                     DANISCO (CHINA) CO LTD (100%)

                     DANISCO (MALAYSIA) SDN BHD (100%)

                     DANISCO CZECH REPUBLIC AS (100%)

                     DANISCO CANADA INC (100%)

                     DANISCO FRANCE SAS (100%)

 

Associated business  DANISCOSELSKAB NR. 1692 A/S (ID:143800) (50%)

                     MAJOR INTERNATIONAL LTD (50%)

 

Secondary names(s)   DANISCO ANIMAL NUTRITION A/S

                     DANISCO CULTOR INGREDIENTS A/S

                     DANISCO-CULTOR A/S

                     DANISCO CULTOR A/S

                     DANISCO CULTURES A/S

 

Payment profile 

 

Payment profile      Payment regular

 

 

Credit Summary 

 

Credit limit         Estimated 10.000.000

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.48.68

UK Pound

1

Rs.76.75

Euro

1

Rs.63.57

 

 

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.