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Report Date : |
21.03.2013 |
IDENTIFICATION DETAILS
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Name : |
UNITED NATIONS POPULATION FUND (UNFPA) |
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Formerly Known as: |
United
Nations Fund For Population Activities |
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Registered Office : |
Postboks 2530, Dk 2100 Copenhagen Ø |
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Country : |
Denmark |
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Year of Establishments: |
1969 |
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Legal Form : |
Project Organization under the authority of the
United Nations General Assembly |
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Line of Business : |
The Nordic Office co-operates closely with sister US
agencies and international organizations located in the UN House in Copenhagen,
which is also home to UNPFA’s procurement office which is responsible for the
procurement of reproductive health commodities |
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No. of Employees : |
about 1100 core staff members in regional, sub regional or field
offices in Denmark 45 people |
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.
Source
CIA
COMPANY’S NAME UNITED NATIONS POPULATION FUND (UNFPA)
PROCUREMENT SERVICES
POSTAL ADDRESS Postboks
2530
DK
2100 COPENHAGEN Ø
VISITOR’S ADDRESS UN
House
UNFPA NORDIC OFFICE
Midtermolen
3
DK
2100 COPENHAGEN Ø
TELEPHONE-NO +45
35 46 70 00
TELEFAX-NO +45
35 46 70 18
E-MAIL ADDRESS nordic.office@unfpa.dk
FOUNDATION Operations
of UNFPA started in 1969 as United Nations Fund For Population Activities. Name
changed to UNITED NATIONS POPULATION FUND in 1987.
LEGAL FORM Project
Organization under the authority
of
the United Nations General Assembly.
EXECUTIVE DIRECTOR UNFPA Mr
Roble Olhaye (Djibouti)
CHIEF/DK-OFFICE Mrs.
Pernille Fenger, Tel. 45 35 46 70 33
ACTIVITY The
Nordic Office co-operates closely with
sister
US agencies and international
organizations
located in the UN House in
Copenhagen,
which is also home to UNPFA’s
procurement
office which is responsible
for
the procurement of reproductive health
commodities.
UNFPA
partners with governments, other UN
agencies,
communities, NGOs, foundations and
the
private sector to raise awareness and
mobilize
the support and resources to achieve
its
mission.
UNFPA
has 5 regional and six subregional
offices
in the the field that help coordiante
work
in about 150 countries, areas and
territories
throuh 120 county offices.
The goals
of UNFPA - achieving universal access to sexual and reproductive health
(including family planning), promoting reproductive rights, reducing maternal
mortality and accelerating progress on the ICPD agenda and MDG 5 - are
inextricably linked. UNFPA also focuses on improving the lives of youths and
women by advocating for human rights and gender equality and by promoting the
understanding of population dynamics. Population dynamics, including growth
rates, age structure, fertility and mortality and migration have an effect on
every aspect of human, social and economic progress.
HEADQUARTER IN THE US United
Nations Population Fund
605
Third Avenue
New
York, NY 10158 USA
BRANCHES Liasion
offices in Brussels,
Copenhagen,
Geneva, Tokyo and Washington.
EMPLOYEES about 1100
core staff members in regional, subregional or field offices.
in Denmark:
45 people
UNFPA’S TOTAL REGULAR 2009 USD 783.000.000
INCOME 2010 USD 870.000.000
2011 USD 934.000.000
PROJECT EXPENDITURES 2011 USD 358.600.000
FINANCIAL STANDING Financial standing of the
fund is sound.
REAL ESTATE Facilities
are rented.
PAYMENTS Nothing
detrimental has been noted.
BANKERS Danske
Bank A/S
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.38 |
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UK Pound |
1 |
Rs.82.07 |
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Euro |
1 |
Rs.70.37 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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 |
---- |
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.