MIRA INFORM REPORT

Report Date :

21.08.2014

IDENTIFICATION DETAILS

Name :	BALL WHOLESALE APS

Registered Office :	Kløvermarken 29, City 7190 Billund

Country :	Denmark

Financials (as on) :	31.12.2009

Date of Incorporation :	05.09.1990

Com. Reg. No.:	14017577 APS

Legal Form :	Limited Company

Line of Business :	Wholesaler of clothing and footwear

NOTES :

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ECGC Country Risk Classification List – June 01, 2014

Country Name

Previous Rating

(31.03.2014)

Current Rating

(01.06.2014)

Denmark

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

Company ID

Main name BALL WHOLESALE APS

Main address KLØVERMARKEN 29

City 7190 BILLUND

Country Denmark

Phone-no. +45-76-981100

Fax-no. +45-76-981109

ID-/Reg.-no. 14017577 APS

Legal form Limited company

Company Status Active

Latest change 2010-11-08

Activity

Activity 46.42 Wholesale of clothing and footwear

No of employees empl 93

Management Information

Management KRISTIAN TANDERUP KRISTENSEN

OLE HOLM

Historical Data

Established 1990

Registered 1990-09-05

Credit Facilities

Bankers NORDEA BANK DANMARK A/S ESBJERG AFDELING

- KONGENSGADE 44-48 6700 ES

Financial data

Currency Danish Krone

Closing date 2009-12-31 2008-12-31 2007-12-31

Source Ann. report Ann. report Ann. report

Turnover 346.696.000

Costs 324.192.000

Ordinary result 19.726.000 11.637.000 2.598.000

Tax 4.722.000 2.906.000 639.000

Annual result 15.004.000 8.731.000 1.959.000

<* Assets *>

Fixed assets 4.857.000 5.952.000 4.886.000

Current assets 84.278.000 61.485.000 19.027.000

<* Liabilities *>

Equity capital 5.035.000 5.723.000 200.000

Share capital 536.000 536.000 200.000

Short-term debts 84.101.000 61.514.000 23.587.000

<* Company Ratios *>

Gearing I 47.247,75 -26.862,01 -503,35

Acid test ratio I 100,21 99,95 80,67

Acid test ratio II 81,41 85,23 75,37

Return on investment 25,25 22,23 11,84

Return on equity 391,78 203,34 1.299,00

Solvency ratio 5,65 8,49 0,84

Property

Property No

Corporate Structure

Parent company BALL APS (ID:88675) (100%)

Secondary names(s) CULTURE APS

INVESTERINGSSELSKABET AF 1/11 2005 APS

LIPO LIPO APS

ZIZZI APS

ZIZZI JEANS APS

Payment profile

Payment profile Payment regular

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.60.66
UK Pound	1	Rs.100.80
Euro	1	Rs.80.72

INFORMATION DETAILS

Report Prepared by :

PDT

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