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Report Date : |
19.01.2013 |
IDENTIFICATION DETAILS
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Name : |
TELLABS DENMARK A/S |
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Registered Office : |
Lyskær 3C 4 Dk-2730 Herlev |
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Country : |
Denmark |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
01.01.1990 |
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Com. Reg. No.: |
AS188352 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Service Providers of high-technology transmission and
access solutions to the telecommunications industry, ensuring optimal
bandwidth in the telecommunications network for companies as well as private
persons. |
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No. of Employees : |
35 |
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’S NAME TELLABS
DENMARK A/S
ADDRESS Lyskær
3C 4
DK-2730
HERLEV
TELEPHONE-NO +45
44 84 50 00
TELEFAX-NO +45
44 73 30 01
E-MAIL-ADDRESS info@tellabs.com
LOCAL CURRENCY D
K K
FOUNDATION 01.01.1990
CENTRAL BUSINESS-REG-NO CVR.-No.: 13920982
COMPANY-REG-NO AS188352
EU-VAT-ID-NO DK13
92 09 82
LEGAL FORM Private
Limited Company
SHARE CAPITAL DKK
100.000.000,00
Tellabs Finland OY
Sinikalliontie 7
FIN-02630 ESPOO
Ultimative group-parent:
Tellabs Inc.,
1415 West Diehl Road
NAPERVILLE, IL 60563
USA
ERNST & YOUNG P/S
Gyngemose Parkvej 50
DK-2860 SØBORG
Daniel Patrick Kelly, Chairman
Grand Avenue 5132
WESTERN SPRINGS, IL 60558
USA
Mark Allen Pashan
Wagontire Road 7N642
SAINT CHARLES IL 60175
USA
BOARD OF DIRECTORS CONTS.
Tom Gunnar Jansson
Bergkullantie 35
FIN-02400 KIRKKONUMMI
Ejner Krogh Schønberg
Willmoesgade 47
DK-2100 COPENHAGEN Ø
Lars Brink Terkildsen
Roskildevej 145
DK-3400 HILLERØD
Svend-Erik Frisch, Deputy
Sortemosevej 18
DK-2730 HERLEV
Leo Jakobsen
Lindebugten 68
DK-2500 VALBY
MANAGING DIRECTORS
Mark Allen Pashan
Wagontire Road 7N642
SAINT CHARLES IL 60175
USA
Per Urup
Engdraget 8
DK-4621 GADSTRUP
The Chairman together with 1 BoD-member or with
1 MD, or 3 BoD-members jointly or 2 MD’s jointly
Providers of high-technology transmission and access
solutions to the telecommunications industry, ensuring optimal bandwidth in the
telecommunications network for companies as well as private persons.
35
2007 DKK 198.727.000,00
2008 DKK 141.980.000,00
2009 DKK 127.017.000,00
2010 DKK 104.263.000,00
2011 DKK
62.100.000,00
Tellabs Communication (India) Pvt.Ltd. 100%
Kring-Tellabs (India) Pvt. Ltd., India 49%
The financial situation is sound.
See latest published balance-sheet on page 4.
Facilities are rented.
Nothing detrimental has been noted
Skandinaviska Enskilda Banken
EXTRACT IN
1000 DKK
GROSS
RESULTS 49.307 85.659
OPERATING
RESULTS 3.881 4.457
RESULTS
BEFORE TAXES 8.585 9.999
FIXED ASSETS 352.592 357.007
-Tangible assets 3.729 7.627
-Financial
assets 348.863 349.380
-Intangible
assets 0 0
CURRENT
ASSETS 114.145 115.139
-Current
receivables 114.134 114.935
-Inventories 1 157
-Cash,
bank etc. 10 47
EQUITY
& LIABILITIES
SHORTTERM
LIABILITIES 11.545 20.158
-Suppliers 2.344 4.198
LONGTERM
LIABILITIES 0 0
PROVISIONS/RESERVES 2.297 2.302
SHAREHOLDER’S EQUITY 452.895 449.686
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.54.94 |
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|
1 |
Rs.86.24 |
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Euro |
1 |
Rs.72.20 |
INFORMATION DETAILS
|
Report Prepared
by : |
SDA |
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.