MIRA INFORM REPORT
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Report Date : |
19.01.2013 |
IDENTIFICATION DETAILS
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Name : |
KOSAN CRISPLANT
A/S |
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Registered Office : |
P. O. Pedersens Vej 22, Aarhus N, 8200 |
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Country : |
Denmark |
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Financials (as on) : |
31.03.2012 |
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Year of
Incorporation : |
1951 |
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Com. Reg. No.: |
25690869 |
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Legal Form : |
Private Subsidiary |
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Line of Business : |
Manufacturing packaging machinery, such as
wrapping, bottling, canning, and labeling machinery. |
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No. of Employees : |
100 |
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.
Source : CIA
COMPANY NAME & ADDRESS
KOSAN CRISPLANT
A/S
P. O. Pedersens Vej 22
Ã…rhus N, 8200
Denmark
Tel:
+45 87 40 30 00
Fax: +45 87 40 30 10
SYNTHESIS
Employees: 100
Company Type: Private
Subsidiary
Corporate Family: 2 Companies
Ultimate Parent: Kosan
Crisplant Holding A/S
Financials in: USD
(mil)
Fiscal Year End: 31-Mar-2012
Reporting Currency: Danish
Krone
Annual Sales: 82.7
Net Income: 3.6
Total Assets: 48.6
Business Description
Kosan Crisplant a/s is primarily engaged in
manufacturing packaging machinery, such as wrapping, bottling, canning, and
labeling machinery.
Industry
Industry Containers and
Packaging
ANZSIC 2006: 2499 - Other
Machinery and Equipment Manufacturing Not Elsewhere Classified
NACE 2002: 2924 - Manufacture
of other general purpose machinery not elsewhere classified
NAICS 2002: 333993 - Packaging
Machinery Manufacturing
UK SIC 2003: 2924 - Manufacture
of other general purpose machinery not elsewhere classified
UK SIC 2007: 2829 - Manufacture
of other general-purpose machinery n.e.c.
US SIC 1987: 3565 - Packaging
Machinery
Key Executives
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Registered No.(DNK): 25690869
1 - Profit & Loss
Item Exchange Rate: USD 1 = DKK 5.412271
2 - Balance Sheet Item Exchange Rate: USD 1 = DKK 5.6041
Location
P. O. Pedersens Vej 22
Ã…rhus N, 8200
Denmark
Tel: +45
87 40 30 00
Fax: +45 87
40 30 10
Sales DKK(mil): 447.7
Assets DKK(mil): 272.2
Employees: 100
Fiscal Year End: 31-Mar-2012
Industry: Containers
and Packaging
Company Type: Private Subsidiary
Quoted Status: Not Quoted
Registered No.(DNK): 25690869
Managing Director
/ Director: Lars Karlsmose
Industry
Codes
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Corporate
Family |
Corporate
Structure News: |
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Kosan Crisplant a/s |
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Company Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
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Kosan Crisplant Holding A/S |
Parent |
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Subsidiary |
Ã…rhus N |
Denmark |
Containers and Packaging |
82.7 |
100 |
Executives Report
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Annual Profit & Loss
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31-Mar-2012 |
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Period Length |
12 Months |
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Filed Currency |
DKK |
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Exchange Rate
(Period Average) |
5.412271 |
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Consolidated |
Yes |
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Total Revenue |
82.7 |
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Gross Profit |
23.5 |
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Operating Income |
6.2 |
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Net Income |
3.6 |
Annual Balance Sheet
Financials in: USD (mil)
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31-Mar-2012 |
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Filed Currency |
DKK |
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Exchange Rate |
5.60413 |
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Consolidated |
Yes |
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Total Assets |
48.6 |
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Provisions |
7.9 |
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Total Equity |
10.1 |
Annual Ratios
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31-Mar-2012 |
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Period Length |
12 Months |
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Filed Currency |
- |
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Exchange Rate |
- |
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Consolidated |
Yes |
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Operating Margin |
7.54 |
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Current Ratio |
131.90 |
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Total debt/total equity |
20.73 |
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Return on average equity |
34.17 |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian
Rupees |
|
US Dollar |
1 |
Rs.53.94 |
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UK Pound |
1 |
Rs.86.24 |
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Euro |
1 |
Rs.72.20 |
INFORMATION DETAILS
|
Report
Prepared by : |
NLM |
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 |
-- |
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.