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Report Date : |
20.06.2013 |
IDENTIFICATION DETAILS
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Name : |
UNIGRAPHIC SCANDINAVIA AS |
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Registered Office : |
Arne Jacobsens Alle 7, 5. sal København S, 2300 |
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Country : |
Denmark |
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Financials (as on) : |
30.04.2012 |
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Year of Incorporation : |
1992 |
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Com. Reg. No.: |
15911808 |
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Legal Form : |
Private Subsidiary |
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Line of Business : |
Manufacture of other special purpose machinery not elsewhere classified |
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No. of Employees : |
5 |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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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) |
|
Denmark |
A2 |
A2 |
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Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
|
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.
Source
: CIA
Unigraphic
Scandinavia A/S
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Business
Description
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Unigraphic Scandinavia A/S is primarily engaged in manufacturing printing
and bookbinding machinery and equipment, such as printing presses,
typesetting machinery, and bindery machinery. |
Industry
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Industry |
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ANZSIC 2006: |
2469 - Other Specialised Machinery and Equipment
Manufacturing |
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NACE 2002: |
2956 - Manufacture of other special purpose
machinery not elsewhere classified |
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NAICS 2002: |
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UK SIC 2003: |
2956 - Manufacture of other special purpose
machinery not elsewhere classified |
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UK SIC 2007: |
2899 - Manufacture of other special-purpose
machinery n.e.c. |
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US SIC 1987: |
Key Executives
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1 - Profit &
Loss Item Exchange Rate: USD 1 = DKK 5.451689
2 - Balance Sheet Item Exchange Rate: USD 1 = DKK 5.6121
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Unigraphic
Scandinavia A/S |
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Company Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
|
Unigraphic Scandinavia Holding ApS |
Parent |
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|
|
|
|
|
Subsidiary |
København S |
Denmark |
Miscellaneous Capital Goods |
0.0 |
5 |
Executives
Report
|
|
|
30-Apr-2012 |
30-Apr-2011 |
30-Apr-2010 |
|
Period Length |
12 Months |
12 Months |
12 Months |
|
Filed Currency |
DKK |
DKK |
DKK |
|
Exchange Rate (Period
Average) |
5.451689 |
5.610001 |
5.266698 |
|
Consolidated |
No |
No |
No |
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Gross Profit |
0.3 |
0.1 |
0.4 |
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Operating Income |
0.1 |
-0.1 |
0.1 |
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Net Income |
0.1 |
-0.2 |
0.1 |
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Annual Balance
Sheet |
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Financials in:
USD (mil) |
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|
30-Apr-2012 |
30-Apr-2011 |
30-Apr-2010 |
|
Filed Currency |
DKK |
DKK |
DKK |
|
Exchange Rate |
5.6121 |
5.02665 |
5.59745 |
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Consolidated |
No |
No |
No |
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Total Assets |
0.7 |
1.2 |
1.0 |
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Total Liabilities |
- |
- |
1.1 |
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Total Equity |
-0.2 |
-0.3 |
-0.1 |
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Annual Ratios |
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30-Apr-2012 |
30-Apr-2011 |
30-Apr-2010 |
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Period Length |
12 Months |
12 Months |
12 Months |
|
Filed Currency |
- |
- |
- |
|
Exchange Rate |
- |
- |
- |
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Consolidated |
No |
No |
No |
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Current Ratio |
59.60 |
72.01 |
87.56 |
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Total debt/total equity |
-36.57 |
-26.21 |
-10.10 |
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Annual Growth
Rates |
|
|
|
|
|
|
|
30-Apr-2011 |
30-Apr-2010 |
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Period Length |
12 Months |
12 Months |
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Filed Currency |
- |
- |
|
Exchange Rate |
- |
- |
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Consolidated |
No |
No |
|
|
|
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Marginal Contribution Percent Change |
224.60% |
-75.01% |
|
Operating Results Percent Change |
160.46% |
-201.15% |
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Profit/Loss for the Year Percent Change |
127.03% |
-383.86% |
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Assets Percent Change |
-41.13% |
12.79% |
|
Equity Capital Percent Change |
17.85% |
-192.64% |
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Current Ratio Percent Change |
-17.23% |
-17.76% |
|
Debt/Equity Ratio Percent Change |
-39.53% |
-159.50% |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.58.74 |
|
|
1 |
Rs.91.99 |
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Euro |
1 |
Rs.78.70 |
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 |
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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 |
|
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 |
|
<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.