MIRA INFORM REPORT

 

 

Report Date :

23.05.2012

 

IDENTIFICATION DETAILS

 

Name :

BRIXIUS TRADING AS

 

 

Registered Office :

Logistikparken 16, Dk-8220 Brabrand

 

 

Country :

Denmark

 

 

Financials (as on) :

31.12.2011

 

 

Date of Incorporation :

26.05.1992

 

 

Com. Reg. No.:

CVR-No.:16122149

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Wholesale trade in wheels, tyres, hoses etc. mainly for the industry and agriculture

 

 

No. of Employees :

13

 

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

 

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 – March 31st, 2012

 

Country Name

Previous Rating

(31.12.2011)

Current Rating

(31.03.2012)

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                            BRIXIUS TRADING A/S

 

ADDRESS                                         Logistikparken 16

                                                         DK-8220 BRABRAND

 

TELEPHONE-NO                                +45 86 24 42 55

 

TELEFAX-NO                                     +45 86 24 41 05

 

MOBILE-TEL-NO                                +45 40 89 42 55

 

E-MAIL-ADDRESS                             sales@brixiustrading.dk

 

LOCAL CURRENCY                           DKK

 

FOUNDATION                                    26.05.1992

 

CENTRAL BUSINESS-REG-NO           CVR-No.:16122149

 

EU-VAT-ID-NO                                   DK16 12 21 49

 

LEGAL FORM                                    Private Limited Company

 

SHARE CAPITAL                               DKK 1.000.000,00

                                                        

PARENT COMPANY                          BRIXIUS HOLDING ApS, above address, 100 %

 

AUDITORS                                         rgd revision aps

                                                         Sommervej 31C

                                                         8210 AARHUS V

 

BOARD OF DIRECTORS                    Advokat Niels Ulrich Madsen

                                                         Stationsgade 2

                                                         8240 RISSKOV

 

                                                         Ib Brixius

                                                         Askøvænget 17

                                                         8381 TILST

 

                                                         Ann Brixius

                                                         Askøvænget 17

                                                         8381 TILST

 

MANAGING DIRECTOR                      Ib Brixius

ACTIVITY                                           Wholesale trade in wheels, tyres, hoses etc.mainly for the industry

                                                         and agriculture      

 

EMPLOYEES                                    13

 

TURNOVER                                       Figures are strictly confidential

 

SUBSIDIARIES                                  None

 

FINANCIAL STANDING                       The financial situation is sound.

 

REAL ESTATE                                   Facilities are rented.

 

SECURITIES                                     

-Company mortages                            DKK 1.000.000,00

 

PAYMENTS                                       Nothing detrimental has been noted

 

BANKERS                                         A/S Jyske Bank

                                                         Østergade 4

                                                         8000 AARHUS C

 

CREDIT OPINION                               Business- and credit connection admissible

 

REMARKS                                         Until 29.05.2009 subject’s address was:

                                                         Bredskiftevej 38, 8210 AARHUS, as you requested  on.

 

 

 

financial data

 

ACCOUNTS CLOSED AS PER              31.12.2011    31.12.2010

 

EXTRACT IN 1000 DKK

 

PROFIT & LOSS ACCOUNT

 

GROSS RESULTS                        7.562         7.375

 

OPERATING RESULTS                    2.047         2.424

 

RESULTS BEFORE TAXES                 1.538         1.982

 

YEAR’S NET RESULT                    1.161         1.485

 

TOTAL ASSETS                        27.672        25.134

 

ASSETS

 

FIXED ASSETS                         1.721         1.407

-Tangible assets                     1.721         1.407

-Financial assets                    0             0

-Intangible assets                   0             0

 

CURRENT ASSETS                      25.950        23.727

-Receivables                         6.831         6.618

-Inventories                        19.095        17.015

-Cash, bank , etc.                   7            63

-Others                             17            31

 

EQUITY & LIABILITIES

 

SHORTTERM LIABILITIES               13.708        11.717         

-Suppliers                           2.230         1.689

-Bankers                             5.518         4.498

 

LONGTERM LIABILITIES                 0             0

 

 

RESERVES/PROVISIONS                 60            65

 

 

SHAREHOLDER’S EQUITY                13.903        13.362

 

 

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.54.88

UK Pound

1

Rs.86.84

Euro

1

Rs.70.21

 

INFORMATION DETAILS

 

Report Prepared by :

MNL

 

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.