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Report Date : |
17.11.2012 |
IDENTIFICATION DETAILS
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Name : |
JESSICA IMPEX |
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Registered Office : |
Ndr: Ringvej 63, DK-6000 |
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Country : |
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Date of Incorporation : |
01.01.2009 |
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Legal Form : |
Sole proprietorship |
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Line of Business : |
Retail trade in leather goods |
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No. of Employees : |
3 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
Denmark |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
DENMARK - ECONOMIC OVERVIEW
This thoroughly modern market economy features a
high-tech agricultural sector, state-of-the-art industry with world-leading
firms in pharmaceuticals, maritime shipping and renewable energy, and a high
dependence on foreign trade. Denmark is a member of the European Union (EU);
Danish legislation and regulations conform to EU standards on almost all
issues. Danes enjoy among the highest standards of living in the world and the
Danish economy is characterized by extensive government welfare measures and an
equitable distribution of income. Denmark is a net exporter of food and energy
and enjoys a comfortable balance of payments surplus but depends on imports of
raw materials for the manufacturing sector. Within the EU, Denmark is among the
strongest supporters of trade liberalization. After a long consumption-driven
upswing, Denmark's economy began slowing in 2007 with the end of a housing
boom. Housing prices dropped markedly in 2008-09 and, following a short respite
in 2010, continued to decline in 2011 though at a slower pace. The global
financial crisis has exacerbated this cyclical slowdown through increased
borrowing costs and lower export demand, consumer confidence, and investment.
The global financial crises cut Danish real GDP by 0.8% in 2008 and 5.8% in
2009. Denmark made a modest recovery in 2010 with real GDP growth of 1.3%, in
part because of increased government spending; however, the country experienced
a technical recession in late 2010-early 2011. Historically low levels of
unemployment rose sharply with the recession and have remained at about 6% in
2010-11, based on the national measure, about two-thirds average EU
unemployment. An impending decline in the ratio of workers to retirees will be
a major long-term issue. Denmark maintained a healthy budget surplus for many
years up to 2008, but the budget balance swung into deficit in 2009. In spite
of the deficits, the new coalition government plans to deliver a modest
stimulus to the economy in 2012. Nonetheless, Denmark's fiscal position remains
among the strongest in the EU at 46.5% of GDP in 2011. Despite previously
meeting the criteria to join the European Economic and Monetary Union (EMU), so
far Denmark has decided not to join, although the Danish krone remains pegged
to the euro. Denmark held the EU presidency during the first half of 2012;
priorities included promoting a responsible, dynamic, green, and safe Europe,
while working to steer Europe out of its euro zone economic crisis
|
Source
: CIA |
JESSICA IMPEX / DIMITRA KOLLIA
VISITING ADDRESS Ndr: Ringvej 63
DK-6000
KOLDING
TELEPHONE-NO +45 75 54 31 07
+ 69 90 37 69
MOBILE-TEL-NO +45 30 12 51 97
LOCAL CURRENCY D K K
FOUNDATION 01.01.2009
CENTRAL BUSINESS-REG-NO CVR.-No.: 26 36 32 84
EU-VAT-ID-NO DK26 36 32 84
Sole proprietorship
Dimitra Kollia
Retail trade in
leather goods
3
Figures are strictly
confidential.
Freeny, Jernbanegade
2, Kolding
Freeny, Sønder Alle
5, Aarhus C, Tel. 44523107
Nothing detrimental
has been noted.
A closer insight
into the financial situation has not been possible.
Own property at
heading address
No official remarks
have been noted.
Confidential
Credits demand
securities.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.99 |
|
|
1 |
Rs.87.21 |
|
Euro |
1 |
Rs.70.22 |
INFORMATION DETAILS
|
Report Prepared
by : |
PDT |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.