MIRA INFORM REPORT

 

 

Report Date :

26.06.2013

 

IDENTIFICATION DETAILS

 

Name :

TRADEMARK AS 

 

 

Registered Office :

Danmarksvej 32B, Skanderborg, 8660

 

 

Country :

Denmark

 

 

Financials (as on) :

31.12.2011

 

 

Year of Establishments:

2006

 

 

Com. Reg. No.:

29516316

 

 

Legal Form :

Private Subsidiary Company

 

 

Line of Business :

retailing new floor coverings, such as rugs and carpets, vinyl floor coverings, and floor tile (except ceramic or wood only)

retailing new floor coverings in combination with installation and repair services

 

 

No. of Employees :

05

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Moderate  

 

 

Payment Behaviour :

Slow

 

 

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 name & address

 

Trademark A/S

Danmarksvej 32B

Skanderborg, 8660

Denmark

Tel:       +45 70 24 16 44

Fax:      +45 97 15 49 40

Web:    www.trademarkas.dk

 

           

Synthesis

 

Employees:                  5

Company Type:            Private Subsidiary

Corporate Family:          2 Companies

Ultimate Parent:             Ericon Holding A/S

Incorporation Date:         2006   

Financials in:                 USD (Millions)

Fiscal Year End:            31-Dec-2011

Reporting Currency:       Danish Krone

Annual Sales:               0.0

Net Income:                  0.0

Total Assets:                0.5

 

 

Business Description     

 

Trademark A/S is primarily engaged in retailing new floor coverings, such as rugs and carpets, vinyl floor coverings, and floor tile (except ceramic or wood only); or retailing new floor coverings in combination with installation and repair services.

 

Industry             

Industry            Retail (Specialty)

ANZSIC 2006:    4212 - Floor Coverings Retailing

NACE 2002:      5248 - Other retail sale in specialised stores

NAICS 2002:     442210 - Floor Covering Stores

UK SIC 2003:    52481 - Retail sale of floor coverings

UK SIC 2007:    4753 - Retail sale of carpets, rugs, wall and floor coverings in specialised stores

US SIC 1987:    5713 - Floor Covering Stores

 

           


Key Executives   

 

Name

Title

Conny Ericon Andersen

Managing Director / Director, Board Member

Finn Dyhre Hansen

Board Member

Erik Ericon Andersen

Bestyrelsesformand

Annette Kjær Thormann

Board Member

Jan SkafsgĂ¥rd Thormann

Board Member

 

1 - Profit & Loss Item Exchange Rate: USD 1 = DKK 5.358236

2 - Balance Sheet Item Exchange Rate: USD 1 = DKK 5.72535

 

 

Corporate Overview

 

Location

Danmarksvej 32B

Skanderborg, 8660

Denmark

Tel:       +45 70 24 16 44

Fax:      +45 97 15 49 40

Web:    www.trademarkas.dk

           

Sales DKK(mil):             0.0

Assets DKK(mil):           3.0

Employees:                   5

Fiscal Year End:            31-Dec-2011

Industry:                        Retail (Specialty)

Incorporation Date:         2006

Company Type:             Private Subsidiary

Quoted Status:              Not Quoted

Registered No.(DNK):     29516316

 

Managing Director / Director, Board Member:

Conny Ericon Andersen

 

Industry Codes

ANZSIC 2006 Codes:

4212     -          Floor Coverings Retailing

3731     -          Furniture and Floor Covering Wholesaling

3494     -          Other Electrical and Electronic Goods Wholesaling

 

NACE 2002 Codes:

5248     -          Other retail sale in specialised stores

5147     -          Wholesale of other household goods

5143     -          Wholesale of electrical household appliances and radio and television goods

 

NAICS 2002 Codes:

442210  -          Floor Covering Stores

42362   -          Electrical and Electronic Appliance, TV, and Radio Set Merchant Wholesalers

42321   -          Furniture Merchant Wholesalers

423220  -          Home Furnishing Merchant Wholesalers

42322   -          Home Furnishing Merchant Wholesalers

423620  -          Electrical and Electronic Appliance, Television, and Radio Set Merchant Wholesalers

423210  -          Furniture Merchant Wholesalers

 

US SIC 1987:

5713     -          Floor Covering Stores

5021     -          Furniture

5023     -          Home furnishings

5064     -          Electrical Appliances, Television and Radio Sets

 

UK SIC 2003:

52481   -          Retail sale of floor coverings

51471   -          Wholesale of furniture

5143     -          Wholesale of electrical household appliances and radio and television goods

5147     -          Wholesale of other household goods

 

UK SIC 2007:

4753     -          Retail sale of carpets, rugs, wall and floor coverings in specialised stores

4643     -          Wholesale of electrical household appliances

4647     -          Wholesale of furniture, carpets and lighting equipment

4649     -          Wholesale of other household goods

 

Business Description

Trademark A/S is primarily engaged in retailing new floor coverings, such as rugs and carpets, vinyl floor coverings, and floor tile (except ceramic or wood only); or retailing new floor coverings in combination with installation and repair services.

 

Financial Data

Financials in:

DKK(mil)

 

Revenue:

0.0

Net Income:

-0.2

Assets:

3.0

Total Liabilities:

0.0

 

 

 

Date of Financial Data:

31-Dec-2011

 

1 Year Growth

NA

NA

NA

 

 

 

 

Corporate Family

Corporate Structure News:

 

Ericon Holding A/S
Trademark A/S

Trademark A/S 
Total Corporate Family Members: 2 

 

 

Company Name

Company Type

Location

Country

Industry

Sales
(USD mil)

Employees

 

Ericon Holding A/S

Parent

Skanderborg

Denmark

Miscellaneous Financial Services

0.0

5

 

Trademark A/S

Subsidiary

Skanderborg

Denmark

Retail (Specialty)

0.0

5

 

 

 

 

 

 

Executive report

 

Board of Directors

 

Name

Title

Function

 

Finn Dyhre Hansen

 

Board Member

Director/Board Member

 

Conny Ericon Andersen

 

Managing Director / Director, Board Member

Director/Board Member

 

Erik Ericon Andersen

 

Bestyrelsesformand

Director/Board Member

 

Annette Kjær Thormann

 

Board Member

Director/Board Member

 

Jan SkafsgĂ¥rd Thormann

 

Board Member

Director/Board Member

 

 

 

 

 

Executives

 

Name

Title

Function

 

Conny Ericon Andersen

 

Managing Director / Director, Board Member

Managing Director

 

 

Annual Profit & Loss

 

 

 

31-Dec-2011

31-Dec-2010

31-Dec-2009

Period Length

12 Months

12 Months

12 Months

Filed Currency

DKK

DKK

DKK

Exchange Rate (Period Average)

5.358236

5.623146

5.354263

Consolidated

No

No

No

 

 

 

 

Gross Profit

0.2

0.1

0.1

Operating Income

0.0

0.0

0.0

Net Income

0.0

0.0

0.0

 

 

Annual Balance Sheet

Financials in: USD (mil)

 

 

 

31-Dec-2011

31-Dec-2010

31-Dec-2009

Filed Currency

DKK

DKK

DKK

Exchange Rate

5.72535

5.55485

5.18625

Consolidated

No

No

No

 

 

 

 

Total Assets

0.5

0.3

0.4

Total Liabilities

-

-

0.4

Total Equity

-0.1

-0.1

0.0

 



 

Annual Ratios

 

 

 

 

31-Dec-2011

31-Dec-2010

31-Dec-2009

Period Length

12 Months

12 Months

12 Months

Filed Currency

-

-

-

Exchange Rate

-

-

-

Consolidated

No

No

No

 

 

 

 

Current Ratio

86.77

40.15

44.60

Total debt/total equity

-19.21

-17.67

-9.38

 

 

Annual Growth Rates

 

 

 

 

31-Dec-2010

31-Dec-2009

Period Length

12 Months

12 Months

Filed Currency

-

-

Exchange Rate

-

-

Consolidated

No

No

 

 

 

Marginal Contribution Percent Change

93.88%

41.35%

Operating Results Percent Change

80.00%

51.72%

Profit/Loss for the Year Percent Change

-46.99%

29.06%

Assets Percent Change

58.00%

3.72%

Equity Capital Percent Change

-71.76%

-95.40%

Current Ratio Percent Change

116.11%

-9.98%

Debt/Equity Ratio Percent Change

-8.72%

-88.38%

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.59.70

UK Pound

1

Rs.92.25

Euro

1

Rs.78.38

 

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

----

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%)

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.