MIRA INFORM REPORT

 

 

Report Date :

24.05.2012

 

IDENTIFICATION DETAILS

 

Name :

ABENA AS

 

 

Registered Office :

Egelund 35, 6200 Aabenraa

 

 

Country :

Denmark

 

 

Financials (as on) :

30.04.2011

 

 

Year of Establishment :

1953

 

 

Com. Reg. No.:

25682742 A/S

 

 

Legal Form :

Limited Company

 

 

Line of Business :

Wholesale of other household goods

 

 

No. of Employees :

231

 

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

 

 

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 – 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 ID 

 

Main name             ABENA A/S

Main address         EGELUND 35

City                        6200 AABENRAA

Country                  Denmark

 

Phone-no.              +45-74-311818

 

Nat. partner ID-no. 937346

 

ID-/Reg.-no.          25682742 A/S

 

Legal form             Limited company

 

Company Status   Active

 

Latest change       2012-04-27

 

 

Activity 

 

Activity             46.49 Wholesale of other household goods

                     46.45 Wholesale of perfume and cosmetics

                     46.46 Wholesale of pharmaceutical goods

 

No of employees empl 231

 

 

Management Information 

 

Management           ERIK BARSØE BOHSEN

                               CLAUS MADSEN

 

Board of directors     PREBEN TERP-NIELSEN (Chairman of the board)

                                   ARNE TERP-NIELSEN (Member of the board)

                                      HANNE TERP-NIELSEN (Member of the board)

 

 

Historical Data 

 

Established          1953

 

Registered           2000-10-31

 

Credit Facilities 

 

Bankers              SYDBANK STOREGADE 18 6200 AABENRAA

 

 

Financial data 

 

Currency             Danish Krone

 

<* *>

 

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

 

Source                      Ann. report       Ann. report       Ann. report

 

Turnover                  2.152.674.000     1.996.675.000     2.000.618.000

Costs                     2.133.066.000     1.952.811.000     1.967.902.000

Ordinary result              19.686.000        44.649.000        32.446.000

Tax                           5.400.000        11.618.000         8.559.000

Annual result                14.286.000        33.031.000        23.887.000

 

<* Assets *>

Fixed assets                  9.570.000        12.960.000        14.940.000

Current assets              608.624.000       565.899.000       597.993.000

 

<* Liabilities *>

Equity capital              239.844.000       225.558.000       192.523.000

Share capital                50.000.000        50.000.000        50.000.000

Short-term debts            378.350.000       353.301.000       420.410.000

 

 

Company Ratios 

 

Gearing I                        164,30            166,18            236,74

Acid test ratio I                160,86            160,17            142,24

Acid test ratio II               101,61            101,73             95,02

Return on investment               3,17              7,58              5,34

Return on equity                   8,21             19,79             16,85

Solvency ratio                    38,80             38,97             31,41

 

 

Property 

 

Property             No

 

Corporate Structure 

 

Parent company       INSTITUTIONS HOLDING A/S (ID:937305) (90%)

 

Shareholder          ABENA PARTNERS A/S (ID:1401979) (10%) (Shareholder)

                     -

 

Secondary names(s)   ABENA CONSUMER PRODUCTS A/S

                     ABENA INTERNATIONAL A/S

                     BAMBO A/S

                     DANSK PAPIR-INDUSTRI A/S

                     SÆKKO A/S

 

 

Payment profile 

 

Payment profile      Payment regular

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.55.93

UK Pound

1

Rs.88.15.

Euro

1

Rs.70.88

 

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.