MIRA INFORM REPORT

 

 

Report Date :           

28.02.2012

 

IDENTIFICATION DETAILS

 

Correct Name :

ENC NATURSTEN APS

 

 

Registered Office :

Englandsvej 1, 5700 Svendborg

 

 

Country :

Denmark

 

 

Financials (as on) :

30.09.2011

 

 

Date of Incorporation :

09.10.1996

 

 

Com. Reg. No.:

19401782 APS

 

 

Legal Form :

Limited Company

 

 

Line of Business :

Wholesale of wood, construction materials and sani

 

 

No. of Employees :

Not Available

 

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 :

600.000 DK

 

 

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 ID 

 

Main name                    ENC NATURSTEN APS

Main address                 ENGLANDSVEJ 1

City                             5700 SVENDBORG

Country                         Denmark

Phone-no.                     +45-70-102103

Fax-no.                         +45-70-102113

 Nat. partner 

ID-no.                            595047

 ID-/Reg.-no.                  19401782 APS

 Legal form                    Limited company

 Company Status            Active

 Latest change               2012-02-18

    

Activity 

 

Activity             46.73 Wholesale of wood, construction materials and sani

 

No of employees empl 0

 

 

Management Information 

 

Management     HENRIK GRØNNING MADSEN

                         CHARLOTTE GRAVHOLT FAURHØJ

 

 

Historical Data 

 

Established          1996

 

Registered           1996-10-09

 

 

Credit Facilities 

 

Bankers       DANSKE BANK SVENDBORG AFDELING MØLLERGADE 2,

                    - POSTBOX 30 5700 SV

 

 

Financial data

 

Currency             Danish Krone

 

<* *>

 

Closing date                 2011-09-30        2010-09-30        2009-09-30

 

Source                      Ann. report       Ann. report       Ann. report

 

Ordinary result                 604.000            39.000         1.066.000

Tax                             160.000            12.000           280.000

Annual result                   444.000            27.000           786.000

 

<* Assets *>

Fixed assets                    633.000           979.000           717.000

Current assets                9.955.000         9.856.000         9.286.000

 

<* Liabilities *>

Equity capital                3.401.000         2.958.000         3.430.000

Share capital                   125.000           125.000           125.000

Short-term debts              7.171.000         7.847.000         6.540.000

 

 

Company Ratios 

 

Gearing I                        259,07            396,51            241,06

Acid test ratio I                138,82            125,60            141,99

Acid test ratio II                24,42             34,62             38,26

Return on investment               7,50              2,27             13,20

Return on equity                  17,76              1,32             31,08

Solvency ratio                    32,12             27,30             34,29

 

 

Property 

 

Property             No

 

 

Corporate Structure 

 

Parent company            HGM HOLDING APS (ID:937892) (100%)

 

Secondary names(s)      VEGATOOLS APS

 

Payment profile 

 

Payment profile      Payment regular

 

 

Credit Summary 

 

Credit limit         Estimated 600.000

 

 

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.49.05

UK Pound

1

Rs.77.78

Euro

1

Rs.65.89

 

 

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.