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Report Date : |
19.02.2013 |
IDENTIFICATION DETAILS
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Name : |
HTM GROUP
APS |
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Registered Office : |
C/O Raadegaard Gods, Tågeskovvej 31, DK-4733 Tappernøje |
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Country : |
Denmark |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
02.05.2002 |
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Legal Form : |
Private limited liability
company |
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Line of Business : |
Manufacturing and trade
in dresses, coats and trousers for children and women. |
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No. of Employees : |
35 |
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 : |
Slow |
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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 |
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Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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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 |
COMPANY’S
NAME HTM GROUP APS
ADDRESS c/o
Raadegaard Gods
Tågeskovvej
31
DK-4733
TAPPERNØJE
TELEPHONE NO +45 55 56 40 77
TELEFAX NO +45 55 56
40 92
EMAIL-ADDRESS htmgroup@htmgroup.dk
LOCAL CURRENCY D K K
FOUNDATION 02.05.2002
CENTRAL
BUSINESS-REG-NO CVR-No.:
26596300
EU-VAT-ID-NO DK26 59 63 00
LEGAL FORM Private
limited liability company
NOMINAL CAPITAL DKK 1.000.000,00
MAIN SHAREHOLDER DK 14 12 38 06
Raadegaard
Gods A/S, heading address
AUDITORS Beierholm
BOARD OF DIRECTORS Henrik
Thorup Theilbjørnn, chairman
Tjørnekrogen
3
2820
GENTOFTE
Signe
Merete Tholstrup
Tågeskovvej
31
4733
TAPPERNØJE
Jan
Ole Tholstrup
Tågeskovvej
31
4733
TAPPERNØJE
Peter
Ingversen
Kronprinsessegade
10
1306
COPENHAGEN K
Christian
Lennart Gregers Bernhoft
Kronprinsessegade
46C
1306
COPENHAGEN K
Martin
Lumbye Hansen
Wildersgade
26
1408
COPENHAGEN K
MANAGING DIRECTOR Signe Merete Tholstrup
AUTHORIZED SIGNATUR Jan Ole and Signe Merete T.
jointly
ACTIVITY Manufacturing
and trade in dresses, coats and trousers for children and women.
BRANCHES Rosenvængets Allé 25, 1., 2100 COPENHAGEN Ø,
Tel.
+45 33 15 22 66
Tågeskovvej 18, 4733 TAPPERNØJE,
Tel. +45 55 56 40 77
Kronprinsensgade
7, 1114 COPENHAGEN K,
Tel. +45 60
21 60 41
TRADENAMES MINI A TURE
APS
WHIITE APS
EMPLOYEES 35
TURNOVER Figures
are strictly confidential.
GROSS RESULTS 2010 DKK
7.556.000,00
2011
DKK 8.855.196,00
SUBSIDIARIES None
FINANCIAL STANDING Losses in 2010 + 2011. Subject received group
contribution of DKK 13.174.125,- to cover losses in 2009 and DKK 7.000.000,-
2010.
Development
and accounts 2012 to follow.
ACCOUNTS See
latest published figures on page 3
REAL ESTATE Rented
premises
PAYMENTS Nothing
detrimental has been noted.
BANKERS Confidential
CREDIT OPINION Any credit risk
against securities
ACCOUNTS CLOSED AS PER 31.12.2011 31.12.2010 31.12.2009
EXTRACT IN 1000 DKK
RESULTS BEFORE TAXES -1.717 -8.640 -10.186
-Tangible assets 757 957 1.518
-Financial assets 432 427 416
CURRENT ASSETS 16.970 13.857 9.750
-Receivables 9.322 6.230 4.172
-Inventories 9.322 7.143 5.236
-Cash, bank , etc. 883 483 342
SHORTTERM LIABILITIES 15.120 10.544 7.946
-Suppliers 5.208 4.601 1.595
-Bankers 1.342 1.829 2.443
LONGTERM LIABILITIES 0 0 0
RESERVES/PROVISIONS 0 2.600 0
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian
Rupees |
|
US Dollar |
1 |
Rs.54.28 |
|
UK Pound |
1 |
Rs.84.09 |
|
Euro |
1 |
Rs.72.44 |
INFORMATION DETAILS
|
Report
Prepared by : |
NLM |
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 |
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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.