|
Report Date : |
07.06.2013 |
IDENTIFICATION DETAILS
|
Name : |
BOMBAY
CIRCUS |
|
|
|
|
Registered Office : |
C/o Julie Verdich Schleppegrellsgade 3, 4 tv DK-2200 Copenhagen
N |
|
|
|
|
Country : |
Denmark |
|
|
|
|
Date of Incorporation : |
01.11.2011 |
|
|
|
|
Legal Form : |
General Partnership
Company |
|
|
|
|
Line of Business : |
Production and sales of
fashion wear |
|
|
|
|
No. of Employees : |
1 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
Payment Behaviour : |
No Complaints |
|
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) |
|
Denmark |
A2 |
A2 |
|
Risk Category |
ECGC Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
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 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.
Source
: CIA
COMPANY’S
NAME BOMBAY CIRCUS
ADDRESS c/o
Julie Verdich
Schleppegrellsgade
3, 4 tv
DK-2200 COPENHAGEN N
TELEPHONE-NO +45
88 18 83 59
E-MAIL-ADDRESS bombaycircus@gmail.com
LOCAL CURRENCY D
K K
FOUNDATION 01.11.2011
CENTRAL BUSINESS-REG-NO CVR-No.:
33922116
EU-VAT-ID-NO DK33
92 21 16
LEGAL FORM General
partnership company
GENERAL PARTNERS Cecilie Michel
Sankelmarksgade
5
1676
COPENHAGEN V
Julie
Verdich
Schleppegrellsgade
3, 4 tv
2200
COPENHAGEN N
MANAGING DIRECTOR The
partners + extra
ACTIVITY Production
and sales of fashion wear
EMPLOYEES The
Partners
TURNOVER Figures
are strictly confidential.
FINANCIAL STANDING The
financial standing seems to be sound.
However,
a closer insight was not possible.
Accounts
are not published or made available.
REAL ESTATE Facilities
are rented.
PAYMENTS Nothing
detrimental has been noted.
BANKERS Confidential
CREDIT OPINION Business
and credit connection admissible.
Any
credit risk against documents.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.56.87 |
|
|
1 |
Rs.87.65 |
|
Euro |
1 |
Rs.74.51 |
INFORMATION DETAILS
|
Report
Prepared by : |
PRL |
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 |
|
-- |
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.