MIRA
INFORM REPORT
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Report Date : |
25.02.2013 |
IDENTIFICATION DETAILS
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Name : |
BRIXIUS TRADING AS |
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Registered Office : |
Logistikparken 16-18, Brabrand, 8220 |
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Country : |
Denmark |
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Financials (as on) : |
31.12.2011 |
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Year of Establishments: |
1986 |
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Com. Reg. No.: |
16122149 |
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Legal Form : |
Private Subsidiary Company |
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Line of Business : |
manufacturing tires and inner tubes from natural
and synthetic rubber |
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No. of Employees : |
14 employees |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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
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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.
Source
CIA
Company name
Brixius Trading A/S
Company Address
Logistikparken 16-18
Brabrand, 8220
Denmark
Tel: +45 86 24 42 55
Fax: +45 86 24 41 05
Operating Address
Bredskiftevej 38, 8210 Aarhus V, Denmark
Synthesis
Employees: 14
Company Type: Private Subsidiary
Corporate Family: 2
Companies
Ultimate Parent: Brixius Holding ApS
Incorporation Date: 1986
Financials in: USD
(Millions)
Fiscal Year End:
31-Dec-2011
Reporting Currency: Danish
Krone
Annual Sales: 0.0
Net Income: 0.2
Total Assets: 4.8
Business Description
Brixius Trading A/S is primarily engaged in manufacturing tires and
inner tubes from natural and synthetic rubber.
Industry
Industry Tires
ANZSIC 2006: 1914 - Tyre
Manufacturing
NACE 2002: 2511 - Manufacture
of rubber tyres and tubes
NAICS 2002: 326211 - Tire
Manufacturing (except Retreading)
UK SIC 2003: 2511 - Manufacture
of rubber tyres and tubes
UK SIC 2007: 2211 - Manufacture
of rubber tyres and tubes; retreading and rebuilding of rubber tyres
US SIC 1987: 3011 - Tires and
Inner Tubes
Key Executives
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Name |
Title |
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Ib Brixius |
Managing Director / Director, Purchasing
Executive |
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Claus Brixius |
Sales Director |
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Ann Brixius |
Board Member |
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Niels Ulrich Madsen |
Board Member |
Registered No.(DNK): 16122149
1 - Profit & Loss Item Exchange Rate: USD 1 = DKK 5.358236
2 - Balance Sheet Item Exchange Rate: USD 1 = DKK 5.72535
Corporate Overview
Location
Logistikparken 16-18
Brabrand, 8220
Denmark
Tel: +45 86 24 42 55
Fax: +45 86 24 41 05
Sales DKK(mil): 0.0
Assets DKK(mil): 27.7
Employees: 14
Fiscal Year End: 31-Dec-2011
Industry: Tires
Incorporation Date: 1986
Company Type: Private Subsidiary
Quoted Status: Not Quoted
Registered No.(DNK): 16122149
Managing Director / Director, Purchasing Executive: Ib Brixius
Contents
Industry Codes
Business Description
Financial Data
Industry Codes
ANZSIC 2006 Codes:
1914 - Tyre Manufacturing
NACE 2002 Codes:
2511 - Manufacture of rubber tyres and tubes
NAICS 2002 Codes:
326211 - Tire Manufacturing (except Retreading)
32621 - Tire Manufacturing
US SIC 1987:
3011 - Tires and Inner Tubes
UK SIC 2003:
2511 - Manufacture of rubber tyres and tubes
UK SIC 2007:
2211 - Manufacture of rubber tyres and tubes; retreading and
rebuilding of rubber tyres
Business
Description
Brixius Trading A/S is primarily engaged in manufacturing tires and
inner tubes from natural and synthetic rubber.
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Corporate Family |
Corporate
Structure News: |
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Brixius
Trading A/S |
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Brixius Trading A/S |
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Company
Name |
Company
Type |
Location |
Country |
Industry |
Sales |
Employees |
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Brixius Holding ApS |
Parent |
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Brixius Trading A/S |
Subsidiary |
Brabrand |
Denmark |
Tires |
0.0 |
14 |
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Executive report
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Board of
Directors |
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Managing Director / Director, Purchasing Executive |
Director/Board Member |
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Board Member |
Director/Board Member |
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Board Member |
Director/Board Member |
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Executives |
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Managing Director / Director, Purchasing Executive |
Managing Director |
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Sales Director |
Sales Executive |
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Annual Profit & Loss
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31-Dec-2011 |
31-Dec-2010 |
31-Dec-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) |
5.358236 |
5.623146 |
5.354263 |
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Consolidated |
No |
No |
No |
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Gross Profit |
1.4 |
1.3 |
0.9 |
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Operating Income |
0.4 |
0.4 |
-0.1 |
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Net Income |
0.2 |
0.3 |
-0.1 |
Annual Balance
Sheet
Financials in: USD (mil)
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|
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
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Filed Currency |
DKK |
DKK |
DKK |
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Exchange Rate |
5.72535 |
5.55485 |
5.18625 |
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Consolidated |
No |
No |
No |
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Total Assets |
4.8 |
4.5 |
3.9 |
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Provisions |
0.0 |
0.0 |
- |
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Total Liabilities |
- |
- |
1.6 |
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Total Equity |
2.4 |
2.4 |
2.3 |
Annual Ratios
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31-Dec-2011 |
31-Dec-2010 |
31-Dec-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 |
No |
No |
No |
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Current Ratio |
189.31 |
202.50 |
223.63 |
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Total debt/total equity |
50.24 |
53.12 |
59.06 |
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Return on average equity |
8.29 |
11.12 |
- |
Annual Growth
Rates
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31-Dec-2010 |
31-Dec-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 |
No |
No |
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Marginal Contribution Percent Change |
2.55% |
54.06% |
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Operating Results Percent Change |
-15.51% |
548.89% |
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Profit/Loss for the Year Percent Change |
-22.42% |
301.49% |
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Assets Percent Change |
10.10% |
25.09% |
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Provisions Percent Change |
-7.58% |
- |
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Equity Capital Percent Change |
4.13% |
12.52% |
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Current Ratio Percent Change |
-6.51% |
-9.45% |
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Debt/Equity Ratio Percent Change |
-5.42% |
-10.06% |
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Return On Equity Percent Change |
-25.45% |
- |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.54.43 |
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UK Pound |
1 |
Rs.83.20 |
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Euro |
1 |
Rs.71.91 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
RATING EXPLANATIONS
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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.