|
Report Date : |
05.09.2013 |
IDENTIFICATION DETAILS
|
Name : |
MULLER GAS EQUIPMENT A/S |
|
|
|
|
Registered Office : |
Mommarkvej 7-11 Sonderborg, 6400 |
|
|
|
|
Country : |
Denmark |
|
|
|
|
Financials (as on) : |
30.09.2012 |
|
|
|
|
Date of Incorporation : |
1930 |
|
|
|
|
Com. Reg. No.: |
14126104 |
|
|
|
|
Legal Form : |
Private Subsidiary |
|
|
|
|
Line of Business : |
Development and manufacture of pressure regulators for LPG
and natural gas installations, cylinder valves for technical and medical
gases, fire extinguishers and fire extinguishing installations |
|
|
|
|
No. of Employees : |
176 |
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.
|
Source
: CIA |