MIRA INFORM REPORT

 

 

Report Date :

14.02.2012

 

IDENTIFICATION DETAILS

 

Name :

PAGUNETTE AS

 

 

Registered Office :

Skælskør Landevej 39, Gerlev Dk-4200 Slagelse

 

 

Country :

Denmark

 

 

Financials (as on) :

30.06.2011

 

 

Date of Incorporation :

16.12.2003

 

 

Com. Reg. No.:

CVR-No.: 27508219

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Wholesale trade in home textiles such as curtains, towels, bath mats etc.

 

 

No. of Employees :

30

 

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 200.000

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 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’S NAME  

 

PAGUNETTE A/S

 

ADDRESS                                         Skælskør Landevej 39, Gerlev

                                                         DK-4200 SLAGELSE

 

TELEPHONE-NO                                +45 58 57 04 00

 

TELEFAX-NO                                     +45 58 58 41 27

 

E-MAIL-ADDRESS                             pagunette@pagunette.dk

 

 

Summary

 

LOCAL CURRENCY                           D K K

 

FOUNDATION                                    16.12.2003

 

CENTRAL BUSINESS-REG-NO           CVR-No.: 27508219

 

EU-VAT-ID-NO                                   DK 27 50 82 19

 

LEGAL FORM                                    Private Limited Company

 

SHARE CAPITAL                               DKK 1.500.000

 

PARENT COMPANY                          DK 38 92 88 13

                                                         Texcare-Gruppen A/S, at above address.

 

AUDITORS                                         Deloitte

                                                         Ndr. Ringgade 70A

                                                         4200 SLAGELSE

 

BOARD OF DIRECTORS                    Benny Christensen, chairman

                                                         Rådhuspladsen 8

                                                         4200 SLAGELSE

 

                                                         Carsten Vendal Sørensen

                                                         Halsebyvej 26, Svenstrup

                                                         4220 KORSØR

 

                                                         Helle Vendal Sørensen

                                                         Klostergade 2A

                                                         4200 SLAGELSE

 

MANAGING DIRECTOR                      Carsten Vendal Sørensen, born 27.05.1957

 

ACTIVITY                                           Wholesale trade in home textiles such as curtains, towels, bath mats etc.

 

TRADENAMES                                  ARKITEX-TEXTIL A/S
BIRGITTA-GARDINER A/S
MULTI LINE BOLIGTEXTILER A/S
P-DESIGN A/S

 

EMPLOYEES                                    30

 

TURNOVER                                       Figures are strictly confidential.

 

SUBSIDIARIES                                  None

 

FINANCIAL STANDING                       The financial standing is sound.

 

ACCOUNTS                                       See latest published figures below.

 

REAL ESTATE                                   Own property

 

PAYMENTS                                       Nothing detrimental has been noted.

 

BANKERS                                         Jyske Bank A/S

 

CREDIT OPINION                               Business and credit connection admissible.

 

MAX CREDIT 30 DAYS                       EUR 200.000,-

 

 

Financials

 

ACCOUNTS CLOSED AS PER                           30.06.2011             30.06.2010

 

EXTRACT IN 1000 DKK

 

PROFIT & LOSS ACCOUNT

 

OPERATING RESULTS                                       1.812                -259

 

RESULTS BEFORE TAXES                                 1.565                 298

 

YEAR’S NET RESULT                                        1.082                 206

 

TOTAL ASSETS                                               34.895                   36.142

 

ASSETS

 

FIXED ASSETS                                                  8.991                   10.811

-Tangible assets                                                  8.991                   10.781

-Financial assets                                                 0                           0

-Intangible assets                                                0                         30

 

CURRENT ASSETS                                           25.904                   25.331

-Receivables                                                      10.777                   11.263

-Inventories                                                        11.620                   12.129

-Cash, bank , etc.                                                3.508                     1.939

 

EQUITY & LIABILITIES

 

SHORTTERM LIABILITIES                                    8.382                     8.795

-Suppliers                                                           2.920                     2.553

 

 

LONGTERM LIABILITIES                                      2.121                     2.353

 

 

RESERVES/PROVISIONS                                   1.535                     1.880

 

 

SHAREHOLDER’S EQUITY                               22.857                   23.114

 

                                                                 


 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.49.32

UK Pound

1

Rs.77.84

Euro

1

Rs.65.35

 

 

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.