MIRA
INFORM REPORT
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Report Date : |
18.02.2013 |
IDENTIFICATION DETAILS
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Name : |
VILA A/S |
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Registered Office : |
Stilling Kirkevej 10, Stilling Skanderborg, 8660 |
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Country : |
Denmark |
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Financials (as on) : |
31.07.2011 |
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Date of Incorporation : |
1982 |
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Com. Reg. No.: |
67756819 |
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Legal Form : |
Private Subsidiary |
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Line of Business : |
Subject is engaged in the merchant wholesale distribution of
piece goods, fabrics, knitting yarns (except industrial), thread and other
notions, and/or hair accessories. |
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No. of Employees : |
28 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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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
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Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
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Denmark |
A2 |
A2 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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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.
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Source : CIA |
company name and address
VILA A/S
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Business Description
Vila A/S is primarily engaged in the merchant wholesale
distribution of piece goods, fabrics, knitting yarns (except industrial),
thread and other notions, and/or hair accessories.
Industry
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Industry |
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ANZSIC 2006: |
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NACE 2002: |
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NAICS 2002: |
424310 -
Piece Goods, Notions, and Other Dry Goods Merchant Wholesalers |
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UK SIC 2003: |
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UK SIC 2007: |
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US SIC 1987: |
Key Executives
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Name |
Title |
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Anders Holch Povlsen |
Managing Director / Director, Board Member |
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Finn Poulsen |
Board Member |
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Erik Weibel |
Board Member |
News
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Title |
Date |
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Court ruling on PM questioned |
13-Feb-2013 |
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AMBASSADORS OF INCLUSION PROGRAM
SEEKS APPLICANTS |
12-Feb-2013 |
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Petition against PM struck out |
11-Feb-2013 |
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Brazil Carnival honors South Korea,
Korean immigrants |
10-Feb-2013 |
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France : ALSTOM bags SĂƒO PAULO s
Line 5 extension contract |
9-Feb-2013 |
Registered No.(DNK): 67756819
1 - Profit & Loss
Item Exchange Rate: USD 1 = DKK 5.632832
2 - Balance Sheet Item Exchange Rate: USD 1 = DKK 6.067908
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ANZSIC 2006 Codes: |
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3711 |
- |
Textile Product Wholesaling |
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371 |
- |
Textile, Clothing and Footwear Wholesaling |
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NACE 2002 Codes: |
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5141 |
- |
Wholesale of textiles |
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514 |
- |
Wholesale of household goods |
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NAICS 2002 Codes: |
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424310 |
- |
Piece Goods, Notions, and Other Dry Goods Merchant
Wholesalers |
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4243 |
- |
Apparel, Piece Goods, and Notions Merchant Wholesalers |
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42431 |
- |
Piece Goods, Notions, and Other Dry Goods Merchant
Wholesalers |
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US SIC 1987: |
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5131 |
- |
Piece Goods, Notions, and Other Dry Good |
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513 |
- |
Apparel, Piece Goods, and Notions |
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UK SIC 2003: |
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5141 |
- |
Wholesale of textiles |
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514 |
- |
Wholesale of household goods |
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UK SIC 2007: |
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4641 |
- |
Wholesale of textiles |
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464 |
- |
Wholesale of household goods |
Vila A/S is primarily engaged in the merchant wholesale distribution of piece goods, fabrics, knitting yarns (except industrial), thread and other notions, and/or hair accessories.
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Corporate
Structure News
Vila
A/S
Total Corporate Family Members: 2
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Company Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
|
Bestseller United A/S |
Parent |
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Subsidiary |
Skanderborg |
Denmark |
Personal and Household Products |
198.9 |
28 |
Board of Directors
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Managing Director / Director, Board Member |
Director/Board Member |
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Board Member |
Director/Board Member |
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Board Member |
Director/Board Member |
Executives
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Managing Director / Director, Board Member |
Managing Director |
News
|
Court
ruling on PM questioned |
13-Feb-2013 |
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Ambassadors
Of Inclusion Program Seeks Applicants |
12-Feb-2013 |
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Petition
against PM struck out |
11-Feb-2013 |
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Brazil
Carnival honors South Korea, Korean immigrants |
10-Feb-2013 |
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France :
ALSTOM bags SĂƒO PAULO s Line 5 extension contract |
09-Feb-2013 |
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hotels |
09-Feb-2013 |
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DJ
Legendary Investments: Medgold Gets Option on Portuguese Gold Licenses |
08-Feb-2013 |
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EDP Escelsa
kicks off Jurama power substation construction |
07-Feb-2013 |
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Think smart
about your kids' mobile phones.. |
07-Feb-2013 |
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Wise up
before you buy the kids a smartphone |
07-Feb-2013 |
Articles
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M'Vila
snubs QPR for Russia move |
24-Jan-2013 |
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Fulham out
to pip QPR to M'Vila |
17-Jan-2013 |
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Redknapp:
Remy deal is done, M'Vila close |
16-Jan-2013 |
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Arsenal
Transfer News: M'Vila, Diame, Shaw And Nkoudou Involved In Latest Speculation |
16-Jan-2013 |
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QPR M'Vila
swoop could pave way for Mbia to join Chelsea |
14-Jan-2013 |
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Arsenal
Transfer News: Remy, M'Vila, Adrian And Negredo Involved In Latest
Speculation |
11-Jan-2013 |
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Arsenal Transfer
News: M'Vila, Negredo, Capoue And Szalai Discussed In Latest Speculation |
10-Jan-2013 |
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Arsenal
Transfer News: Villa, M'Vila, Biglia And Walcott Discussed In Latest
Speculation |
08-Jan-2013 |
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Arsenal
Transfer News: Villa, M'Vila, Zaha And Walcott Discussed In Latest
Speculation |
03-Jan-2013 |
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Arsenal Transfer
News: Villa, Ba, M'Vila And Holtby Discussed In Latest Speculation |
28-Dec-2012 |
Annual Profit & Loss
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31-Jul-2011 |
31-Jul-2010 |
31-Jul-2009 |
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Period Length |
12 Months |
12 Months |
12 Months |
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Filed Currency |
DKK |
DKK |
DKK |
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Exchange Rate (Period
Average) |
5.423659 |
5.415394 |
5.495619 |
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Consolidated |
Yes |
Yes |
Yes |
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Total Revenue |
207.5 |
178.6 |
116.3 |
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Gross Profit |
49.2 |
64.7 |
34.6 |
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Operating Income |
29.1 |
37.0 |
15.8 |
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Net Income |
22.9 |
30.6 |
10.4 |
Annual
Balance Sheet
Financials in: USD (mil)
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31-Jul-2011 |
31-Jul-2010 |
31-Jul-2009 |
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Filed Currency |
DKK |
DKK |
DKK |
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Exchange Rate |
5.18495 |
5.71955 |
5.25185 |
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Consolidated |
Yes |
Yes |
Yes |
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Total Assets |
101.8 |
96.3 |
59.5 |
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Provisions |
0.4 |
0.3 |
0.2 |
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Total Liabilities |
- |
- |
31.3 |
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Total Equity |
32.5 |
34.0 |
28.0 |
Annual
Ratios
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31-Jul-2011 |
31-Jul-2010 |
31-Jul-2009 |
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Period Length |
12 Months |
12 Months |
12 Months |
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Filed Currency |
- |
- |
- |
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Exchange Rate |
- |
- |
- |
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Consolidated |
Yes |
Yes |
Yes |
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Operating Margin |
14.01 |
20.69 |
13.60 |
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Current Ratio |
139.43 |
151.97 |
185.48 |
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Total debt/total equity |
31.94 |
35.32 |
47.08 |
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Return on average equity |
73.59 |
85.15 |
38.90 |
Annual
Growth Rates
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31-Jul-2010 |
31-Jul-2009 |
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Period Length |
12 Months |
12 Months |
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Filed Currency |
- |
- |
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Exchange Rate |
- |
- |
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Consolidated |
Yes |
Yes |
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Turnover Percent Change |
16.35% |
51.31% |
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Marginal Contribution Percent Change |
-23.89% |
84.32% |
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Operating Results Percent Change |
-21.22% |
130.19% |
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Profit/Loss for the Year Percent Change |
-25.10% |
189.58% |
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Assets Percent Change |
-4.16% |
76.34% |
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Provisions Percent Change |
13.63% |
83.20% |
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Equity Capital Percent Change |
-13.33% |
32.27% |
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Operating Margin Percent Change |
-32.29% |
52.13% |
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Current Ratio Percent Change |
-8.25% |
-18.07% |
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Debt/Equity Ratio Percent Change |
-9.57% |
-24.98% |
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Retun On Equity Percent Change |
-13.58% |
118.89% |
FOREIGN EXCHANGE RATES
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Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.99 |
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|
1 |
Rs.83.72 |
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Euro |
1 |
Rs.72.08 |
INFORMATION DETAILS
|
Report Prepared
by : |
SDA |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
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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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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NB |
New Business |
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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.