|
Report Date : |
30.12.2013 |
IDENTIFICATION DETAILS
|
Name : |
BIRODAN AS |
|
|
|
|
Registered Office : |
P.O.Pedersens Vej 22, Aarhus
N 8200 |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.03.2013 |
|
|
|
|
Date of Incorporation : |
28.04.2003 |
|
|
|
|
Com. Reg. No.: |
27184979 |
|
|
|
|
Legal Form : |
Limited Company |
|
|
|
|
Line of Business : |
Subject sells equipment for gases, lpg &
ammonia products to the Burner,
Boiler and Heat Exchanger Manufacturing |
|
|
|
|
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 |
|
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, 2013
|
Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
|
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 a high standard of living 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, has since continued to decline. The global financial crisis has exacerbated this cyclical slowdown through increased borrowing costs and lower export demand, consumer confidence, and investment. The global financial crisis cut Danish real GDP in 2008-09. 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 2010-12, 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 delivered a modest stimulus to the economy in 2012. Nonetheless, Denmark's fiscal position remains among the strongest in the EU with public debt at about 45% of GDP in 2012. 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.
|
|
|
|
Source : CIA |
|
Business
Name |
Birodan A/S |
|
Country |
DENMARK |
|
Company Registration Number/CVR |
27184979 |
|
Main Code |
466900 |
|
Main Activity |
Subject sells equipment for gases,
lpg & ammonia products to the Burner, Boiler
and Heat Exchanger Manufacturing |
|
Company Status |
Active |
Directors/Managers
|
Current Directors |
||
|
Name |
Position |
Start Date |
|
Anders Dahl Jørgensen |
General manager |
2003-06-18 |
|
Lars Karlsmose |
Chairman |
2012-07-04 |
|
Christian Fredberg |
Member of the board |
2012-07-04 |
|
Anders Dahl Jørgensen |
Member of the board |
2003-06-18 |
|
No negative information on this company. |
Share Capital Structure
|
Currency |
DKK |
|
Nominal Share Capital |
500.000 |
|
Global Trading Information |
|
|
Export |
Europe |
|
Import |
|
Group Structure
|
Ultimate Holding Parent |
|
|
Name |
Country |
|
Kosan Crisplant A/S |
DENMARK |
|
Subsidiaries |
|
|
Name |
Country |
|
No group structure for this company. |
|
Accounts
|
Profit and Loss |
|||
|
Financial Date |
2013-03-31 |
2011-12-31 |
2010-12-31 |
|
Number
of Weeks |
65 |
52 |
52 |
|
Currency |
DKK |
DKK |
DKK |
|
Revenue |
- |
- |
- |
|
Operating Profit |
1.748.000 |
1.609.000 |
1.236.000 |
|
Retained Profit |
1.301.000 |
1.235.000 |
975.000 |
|
Balance Sheet |
|||
|
Financial Date |
2013-03-31 |
2011-12-31 |
2010-12-31 |
|
Number of Weeks |
65 |
52 |
52 |
|
Currency |
DKK |
DKK |
DKK |
|
Total Assets |
4.052.000 |
4.101.000 |
3.380.000 |
|
Other Reserves |
2.871.000 |
1.569.000 |
1.569.000 |
Company
Information
|
Basic Information |
|
|
Business Name |
Birodan A/S |
|
Registered Company Name |
Birodan A/S |
|
Company Registration Number |
27184979 |
|
Country |
DENMARK |
|
Date of Company Registration |
2003-04-28 |
|
Legal Form |
Limited company |
|
Company Status |
Active |
|
Currency of this Report |
DKK |
|
Principal Activity Code |
466900 |
|
Principal Activity Description |
Subject sells equipment for gases,
lpg & ammonia products to the Burner,
Boiler and Heat Exchanger Manufacturing |
|
Contact Address |
P.O.Pedersens Vej 22, Aarhus
N 8200 |
|
Contact Telephone Number |
86448734 |
|
Activities |
|
|
Activity Code |
Activity Description |
|
466900 |
Subject sells equipment for gases,
lpg & ammonia products to the Burner, Boiler
and Heat Exchanger Manufacturing |
Contact
Information
|
Main Address |
||
|
Address |
Country |
Telephone |
|
P.O.Pedersens Vej 22, Aarhus
N 8200 |
DENMARK |
86448734 |
|
Email Addresses |
|
Web Pages |
Other Information
|
Employee Information |
|
|
Year Reported |
Number of Employees |
|
No employee information for this company. |
|
|
Real Estate |
|
|
Real Estate |
No |
|
Other Trading Names |
|
|
Type |
Name |
|
No other trading names for this company. |
|
|
Other Information |
|
|
Type |
Text |
|
Historical data |
The company is a continuation of Anders Dahl Jørgensen (Cvr. 25529065)'s
former personally owned business which was established in 2000. |
|
Capital conditions |
fully paid up |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.06 |
|
UK Pound |
1 |
Rs.102.03 |
|
Euro |
1 |
Rs.85.27 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.