|
Report Date : |
29.04.2014
|
IDENTIFICATION DETAILS
|
Name : |
IC
COMPANYS A S |
|
|
|
|
Registered Office : |
Raffinaderivej 10, Copenhagen S 2300 |
|
|
|
|
Country : |
Denmark |
|
|
|
|
Financials (as on) : |
2013 |
|
|
|
|
Date of Incorporation : |
11.08.1980 |
|
|
|
|
Com. Reg. No.: |
62816414 |
|
|
|
|
Legal Form : |
Limited company |
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|
|
|
Line of Business : |
Wholesale of clothing |
|
|
|
|
No. of Employees |
358 |
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 : |
Slow but correct |
|
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 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
Denmark |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderate Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderate High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
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, have since continued to decline. Household indebtedness is still relatively high at more than 275% of gross disposable income in the first half of 2013. The global financial crisis has exacerbated this cyclical slowdown through increased borrowing costs and lower export demand, consumer confidence, and investment. Denmark made a modest recovery in 2010, 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 2010-13, 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, where it remains. 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 46% of GDP in 2013. 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 |
|
Business Name |
IC
Companys A/S |
|
Country |
DENMARK |
|
Company
Registration Number/CVR |
62816414 |
|
Main
Code |
464210 |
|
Main
Activity |
Wholesale
of clothing |
|
Company
Status |
Active |
|
Provider
Rating Description |
Businesses
at this level are regarded as having excellent creditworthiness. Small
businesses only have a limited possibility of achieving this level.
Businesses at this level are in a class by themselves and will have results
or financial foundations which are among the best in the country. The credit
risk is regarded as minimal. |
|
|
|
|
|
|
|
Basic
Information |
|
|
Business
Name |
IC COMPANYS A/S |
|
Registered
Company Name |
IC COMPANYS A/S |
|
Company
Registration Number |
62816414 |
|
Country |
DENMARK |
|
Date
of Company Registration |
1980-08-11 |
|
Legal
Form |
Limited
company |
|
Company
Status |
Active |
|
Currency
of this Report |
DKK |
|
Principal
Activity Code |
464210 |
|
Principal
Activity Description |
Wholesale
of clothing |
|
Contact
Address |
Raffinaderivej
10, Copenhagen S 2300 |
|
Contact
Telephone Number |
32667788 |
|
|
|
|
Activities |
|
|
|
|
|
464210 |
Wholesale
of clothing |
|
477110 |
Retail
sale of clothing |
|
Profit
and Loss |
|||
|
Financial
Date |
2013 |
2012 |
2011 |
|
Number
of Weeks |
52 |
52 |
52 |
|
Currency |
DKK |
DKK |
DKK |
|
Revenue |
1.423.100.000 |
1.564.300.000 |
1.597.800.000 |
|
Operating
Profit |
-215.200.000 |
-108.900.000 |
-45.000.000 |
|
Retained
Profit |
-14.000.000 |
192.800.000 |
331.600.000 |
|
Previous
Name |
Date
Changed from Previous Name |
|
Carli
Gry Production Denmark A/S |
|
|
Carli
Gry International A/S |
|
Balance Sheet
|
|||
|
Financial
Date |
2013 |
2012 |
2011 |
|
Number
of Weeks |
52 |
52 |
52 |
|
Currency |
DKK |
DKK |
DKK |
|
Total
Assets |
2.493.100.000 |
2.489.400.000 |
2.394.200.000 |
|
Other
Reserves |
1.277.900.000 |
1.309.400.000 |
1.118.500.000 |
|
Current
Provider Rating Description |
Businesses
at this level are regarded as having excellent creditworthiness. Small
businesses only have a limited possibility of achieving this level.
Businesses at this level are in a class by themselves and will have results or
financial foundations which are among the best in the country. The credit
risk is regarded as minimal. |
Main Address
|
||
|
Address |
Country |
Telephone |
|
Raffinaderivej
10, Copenhagen S 2300 |
DENMARK |
32667788 |
|
Currency |
DKK |
|
Nominal
Share Capital |
169.428.070 |
|
Current
Directors |
||
|
Name |
Position |
Start
Date |
|
Mads
Henrik Ryder |
Managing
director |
|
|
Rud
Trabjerg Pedersen |
General
manager |
|
|
Niels
Erik Martinsen |
Chairman |
|
|
Anders
Colding Friis |
Deputy
Chairman |
|
|
Henrik
Tonsgaard Heideby |
Deputy
Chairman |
|
|
Ole
Wengel |
Member
of the board |
|
|
Per
Bank |
Member
of the board |
|
|
Annette
Pia Brandholt Sorensen |
Member
of the board |
|
|
Frederik
Aaggerlund |
IT |
|
|
Ultimate
Holding Parent |
|
|
Name |
|
|
Friheden
Invest A/S |
|
Subsidaries
|
|
|
Name |
|
|
IC
Companys Norway AS |
NORWAY |
|
IC
Companys Sweden AB |
SWEDEN |
|
IC
Companys Finland OY |
FINLAND |
|
IC
Companys Holding & Distributie BV |
NETHERLANDS |
|
IC
Companys (UK) Ltd |
UNITED
KINGDOM |
|
IC
Companys Austria GmbH |
AUSTRIA |
|
IC
Companys Hong Kong Ltd |
HONG
KONG |
|
IC
Companys Poland Sp zoo |
POLAND |
|
IC
Companys Spain SA |
SPAIN |
|
IC
Companys Verwaltungs GmbH |
GERMANY |
|
Carly
Gry International Sweden AB |
SWEDEN |
|
IC
Companys Canada Inc |
CANADA |
|
IC
Companys Romania SRL |
ROMANIA |
|
IC
Companys AG |
SWITZERLAND |
|
IC
Companys France SA |
FRANCE |
|
Peak
Performance Italy SRL |
ITALY |
|
IC
Companys Hungary Kft |
HUNGARY |
|
IC
Companys Cz sro |
CZECH
REPUBLIC |
|
IC
Companys Danmark A/S |
DENMARK |
|
Saint
Tropez af 1993 A/S |
DENMARK |
|
By
Malene Birger A/S |
DENMARK |
|
Tiger
of Sweden AB |
SWEDEN |
|
IC
Companys Belgium NV |
BELGIUM |
|
IC
Companys Sweden Holding AB |
SWEDEN |
|
Vingaker
Factory Outlet AB |
SWEDEN |
|
Peak
Performance AB |
SWEDEN |
|
Peak
Performance Production AB |
SWEDEN |
|
IC
Companys Nederland BV |
NETHERLANDS |
|
IC
Companys Germany GmbH |
GERMANY |
|
IC
Companys Shanghai Ltd |
CHINA |
|
Raffinaderivej
10 A/S |
DENMARK |
|
Designers
Remix A/S |
DENMARK |
|
I
CE Companys Sweden Holding AB |
SWEDEN |
|
S
T Sweden AB |
SWEDEN |
|
By
Malene Birger AB |
SWEDEN |
|
IC
Companys B.V. |
NETHERLANDS |
|
|
|
Other Information
|
|
|
|
|
|
Employee
Information |
|
|
|
|
|
2013 |
358 |
|
2012 |
394 |
|
2011 |
374 |
|
|
|
|
Real
Estate |
|
|
Real
Estate |
No |
|
|
|
|
Other
Trading Names |
|
|
|
|
|
Business
name |
Brand
Farm A/S |
|
Business
name |
Carli
Gry International A/S |
|
Business
name |
Inwear
Group A/S |
|
|
|
|
Global
Trading Information |
|
|
Export |
Europe |
|
Import |
|
|
|
|
|
Other
Information |
|
|
Type |
Text |
|
Historical
data |
In
1991 the company took over some of the activities previously carried on by
"Danstruplund Holding A/S" (reg.nr. 38.605). |
|
Historical
data |
The
company merged on 03-05-2001 with Inwear Group A/S (cvr. 48002714) , the
registered company being the continuing one. |
|
Historical
data |
The
company merged on 10-12-2009 with Brand Farm A/S (CVR 27556167) , the
registered company being the continuing one. |
|
Historical
data |
The
company was originally formed in 1980 under the name of Carli Gry Production,
Denmark A/S, but has changed its name several times, most recently in 2001 to
its present name. |
|
Capital
conditions |
fully
paid up |
|
Additional
Accounts Information |
|
|
Date
Format |
MM-DD |
|
Accounts
Start Date |
07-01 |
|
Accounts
End Date |
06-30 |
|
Additional
Accounts Notes |
|
|
Notes
Date |
|
|
12/1-01-01T00:00:00 |
In
the financial statement of 12/13 attention is drawn to leasing commitments. |
|
Other
Trading Names |
|
|
Type |
|
|
Business
name |
Brand
Farm A/S |
|
Business
name |
Carli
Gry International A/S |
|
Business
name |
Inwear
Group A/S |
|
|
|
|
Global
Trading Information |
|
|
Export |
Europe |
|
Import |
|
|
|
|
|
Other
Information |
|
|
Type |
Text |
|
Historical
data |
In
1991 the company took over some of the activities previously carried on by
"Danstruplund Holding A/S" (reg.nr. 38.605). |
|
Historical
data |
The
company merged on 03-05-2001 with Inwear Group A/S (cvr. 48002714) , the
registered company being the continuing one. |
|
Historical
data |
The
company merged on 10-12-2009 with Brand Farm A/S (CVR 27556167) , the registered
company being the continuing one. |
|
Historical
data |
The
company was originally formed in 1980 under the name of Carli Gry Production,
Denmark A/S, but has changed its name several times, most recently in 2001 to
its present name. |
|
Capital
conditions |
fully
paid up |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.50 |
|
|
1 |
Rs.101.69 |
|
Euro |
1 |
Rs.83.62 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
NIS |
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.