MIRA
INFORM REPORT
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Report Date : |
13.07.2013 |
IDENTIFICATION DETAILS
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Name : |
CLAYTON POWER APS |
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Registered Office : |
Pakhusgarden 42, 000 Odense C |
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Country : |
Denmark |
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Financials (as on) : |
31.12.2012 |
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Date of Incorporation : |
09.07.2009 |
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Com. Reg. No.: |
29821631 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Advertising Agencies
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No. of Employees : |
08 |
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 – March 31st 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
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Denmark |
A2 |
A2 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
|
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 a high standard of living
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, has since continued to decline. The global
financial crisis has exacerbated this cyclical slowdown through increased
borrowing costs and lower export demand, consumer confidence, and investment. The
global financial crisis cut Danish real GDP in 2008-09. 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 2010-12, 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 delivered a modest stimulus to the economy in 2012. Nonetheless,
Denmark's fiscal position remains among the strongest in the EU with public
debt at about 45% of GDP in 2012. 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 summary
Company name CLAYTON POW ER APS
Operative address PAKHUSGARDEN 42
000 ODENSE C Denmark
Legal form Private limited company - ApS
Registration number Trade register number: 29821631
Trade register number: 29821631
VAT-number DK29 82 16 31
Year 2012 Mutation 2011 Mutation
2010
Fixed assets 39.509 37,25 28.786 -13,25 33.182
Total receivables 222.591 32.974,44 673 -92,99 9.595
Total equity 168.483 863,48 17.487 2,51 17.058
Short term liabilities 337.636 1.449,43 21.791 -6,56 23.321
Net result 151.072 27.980,30 538 34,50 400
Working capital 303.083 9.895,83 -3.094 35,51 -4.798
Quick ratio 0,95 10,47 0,86 8,86 0,79
Contact information
Company name CLAYTON POW ER APS
Operative address PAKHUSGARDEN 42
5000 ODENSE C Denmark
Correspondence address PAKHUSGARDEN 42
5000 ODENSE C Denmark
Registration
Registration number Trade register number: 29821631
Trade register number: 29821631
VAT-number DK29 82 16 31
Status Active
Establishment date 2009-07-09
Legal form Private limited company - ApS
Subscribed share capital DKK 125.000
Activities
NACE Advertising agencies (7311)
Management
Management Fullname: Mr. Janick Lauenborg
Type: Individual
Gender: Male
date of birth: 1976/03/28
Age: 37
Country of nationality: Denmark
Address: Denmark
Number of involvements: 3
Function: Member of the board
Level of responsibility: Member
Appointment date: 2012/06/28
Fullname: Mr. Janick Lauenborg
Type: Individual
Gender: Male
date of birth: 1976/03/28
Age: 37
Country of nationality: Denmark
Address: Denmark
Number of involvements: 3
Function: General Manager
Level of responsibility: Highest executive
Appointment date: 2012/06/28
Fullname: Mr. John Nielsen
Type: Individual
Gender: Male
date of birth: 1974/11/14
Age: 38
Country of nationality: Denmark
Address: Slovakia
Number of involvements: 3
Function: Member of the board
Level of responsibility: Member
Appointment date: 2012/06/28
Fullname: Mr. Mads Bronserud Nielsen
Type: Individual
Gender: Male
Address: Denmark
Number of involvements: 2
Function: Member of the board
Level of responsibility: Member
Appointment date: 2012/06/28
Fullname: Mr. Bart W esterkamp
Type: Individual
Gender: Male
Address: GERMANY
Number of involvements: 1
Function: Member of the board
Level of responsibility: Member
Appointment date: 2012/06/28
Employees
|
Year |
2012 |
2011 |
2010 |
|
Total |
8 |
1 |
1 |
Financial analysis
Trend Fluctuating
Profitability Positive
Solvability Limited
Liquidity Positive
Show amount in Euro
Key figures
|
Year |
2012 |
2011 |
2010 |
|
Quick ratio |
0,95 |
0,86 |
0,79 |
|
Current ratio |
1,90 |
0,86 |
0,79 |
|
W orking capital/ balance total |
0,45 |
-0,07 |
-0,09 |
|
Equity / balance total |
0,45 |
-0,07 |
-0,09 |
|
Equity / Fixed assets |
4,26 |
0,61 |
0,51 |
|
Solvability |
1,33 |
1,60 |
1,51 |
|
W orking capital |
303.083 |
-3.094 |
-4.798 |
|
Equity |
168.483 |
17.487 |
17.058 |
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Mutation equity |
863,48 |
2,51 |
|
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Mutation short term liabilities |
1.449,43 |
-6,56 |
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Return on total assets (ROA) |
29,63 |
1,42 |
1,80 |
|
Return on equity (ROE) |
119,63 |
3,85 |
5,47 |
|
Gross profit margin |
|
|
1,85 |
|
Net profit margin |
|
|
0,19 |
|
Average collection ratio |
|
|
8,96 |
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Average payment ratio |
|
|
21,78 |
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Equity turnover ratio |
|
|
12,25 |
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Total assets turnover ratio |
|
|
4,04 |
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Fixed assets turnover ratio |
|
|
6,30 |
|
Turnover |
|
|
208.955 |
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Gross margin |
464.735 |
78.825 |
126.732 |
|
Operating result |
209.198 |
2.287 |
3.865 |
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Net result after taxes |
151.072 |
538 |
400 |
|
Cashflow |
160.983 |
7.129 |
10.661 |
|
EBITDA |
219.109 |
8.878 |
14.126 |
Summary
The 2012 financial result structure is a postive working captial of 303.083 euro, which is in agreement with 45 % of the total assets of the company.
The working capital has increased with 9895.83 % compared to previous year. The ratio, with respect to the total assets of the company has however, increased.
The improvement between 2011 and 2012 has mainly been caused by an increase of the current assets.
The current ratio of the company in 2012 was 1.9. A company with a current ratio between 1.5 and 3.0 generally indicates good short-term financial strength.
The quick ratio in 2012 of the company was 0.95. A company with a Quick Ratio of less than 1 cannot currently pay back its current liabilities.
The 2011 financial result structure is a negative working captial of -3.094 euro, which is in agreement with -7 % of the total assets of the company.
The working capital has increased with 35.51 % compared to previous year. The ratio, with respect to the total assets of the company has however, increased.
The improvement between 2010 and 2011 has mainly been caused by an increase of the current assets.
The current ratio of the company in 2011 was 0.86. W hen the current ratio is below 1.5, the company may have problems meeting its short-term obligations.
The quick ratio in 2011 of the company was 0.86. A company with a Quick Ratio of less than 1 cannot currently pay back its current liabilities.
financial statement
Auditor Name: RSM Plus Statsautoriseret Revisionsaktieselskab
Last annual account 2012
Remark annual account The company is obliged to file its financial statements.
Type of annual account Corporate
Annual account CLAYTON POW ER APS
PAKHUSGARDEN 42
5000 ODENSE C Denmark
Balance sheet
|
Year |
2012 |
2011 |
2010 |
|
End date |
2012-12-31 |
2011-12-31 |
2010-12-31 |
|
Tangible fixed assets |
13.527 |
20.042 |
25.853 |
|
Other fixed assets |
25.982 |
8.743 |
7.463 |
|
Fixed assets |
39.509 |
28.786 |
33.182 |
|
Inventories |
318.350 |
|
|
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Total receivables |
222.591 |
673 |
9.595 |
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Liquid funds |
80.492 |
3.228 |
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Other current assets |
19.286 |
|
|
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Current assets |
640.719 |
18.697 |
18.523 |
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Total assets |
680.228 |
47.483 |
51.706 |
|
Total equity |
168.483 |
17.487 |
17.058 |
|
Provisions |
|
269 |
400 |
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Long term liabilities |
174.242 |
7.936 |
10.927 |
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Accounts payable |
346.162 |
5.246 |
10.661 |
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Short term liabilities |
337.636 |
21.791 |
23.321 |
|
Total liabilities |
680.228 |
47.483 |
51.706 |
Summary
The total assets of the company increased with 1332.57 % between 2011 and 2012.
The fixed asset growth of 37.25 % is lower than the total asset growth.
In 2012 the assets of the company were 5.81 % composed of fixed assets and 94.19 % by current assets. The assets are being financed by an equity of 24.77 %, and total debt of 75.23 %.
The total assets of the company decreased with -8.17 % between 2010 and 2011. This downturn is mainly retrievable in the fixed asset decrease of -13.25 %.
In 2011 the assets of the company were 60.62 % composed of fixed assets and 39.38
% by current assets. The assets are being financed by an equity of 36.83 %, and total debt of 63.17 %.
Profit & loss
|
Year |
2012 |
2011 |
2010 |
|
Net Turnover |
|
|
208.955 |
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Cost of sales |
|
|
82.223 |
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Gross Margin |
464.735 |
78.825 |
126.732 |
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W ages and salaries |
245.627 |
68.736 |
112.606 |
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Amorization and depreciation |
9.911 |
6.591 |
10.261 |
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Operating expenses |
255.537 |
76.538 |
122.868 |
|
Operating result |
209.198 |
2.287 |
3.865 |
|
Financial expenses |
7.634 |
1.614 |
2.799 |
|
Financial result |
-7.634 |
-1.614 |
-2.799 |
|
Result on ordinary operations before taxes |
201.564 |
673 |
933 |
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Taxation on the result of ordinary activities |
50.491 |
135 |
533 |
|
Result of ordinary activities after taxes |
151.072 |
538 |
400 |
|
Net result |
151.072 |
538 |
400 |
Summary
The 2012 financial result structure is a positive working capital of 303.083 euro, which is in agreement with 45 % of the total assets of the company.
The working capital has increased with 9895.83 % compared to previous year. The ratio, with respect to the total assets of the company has however, increased.
The improvement between 2011 and 2012 has mainly been caused by an increase of the current assets.
The current ratio of the company in 2012 was 1.9. A company with a current ratio between 1.5 and 3.0 generally indicates good short-term financial strength.
The quick ratio in 2012 of the company was 0.95. A company with a Quick Ratio of less than 1 cannot current ly pay back its current liabilities.
The 2011 financial result structure is a negative working capital of -3.094 euro, which is in agreement with -7 % of the total assets of the company.
The working capital has increased with 35.51 % compared to previous year. The ratio, with respect to the total assets of the company has however, increased.
The improvement between 2010 and 2011 has mainly been caused by an increase of the current assets.
The current ratio of the company in 2011 was 0.86. When the current ratio is below 1.5, the company may have problems meeting its short-term obligations.
The quick ratio in 2011 of the company was 0.86. A company with a Quick Ratio of less than 1 cannot currently pay back its current liabilities
Publications
Remarks Status : Active
Category: Small company
Last year: 2012
Result last year: 151.072 EUR
TOTAL assets last year: 680.228 EUR
Number of employees: 8
Number of shareholders: 0
Number of subsidiaries: 0
Number of branches: 0
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.59.89 |
|
UK Pound |
1 |
Rs.90.88 |
|
Euro |
1 |
Rs.78.32 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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 |
|
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 |
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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.