|
Report Date : |
25.08.2014 |
IDENTIFICATION DETAILS
|
Name : |
SONDEX HOLDING A S |
|
|
|
|
Registered Office : |
Jernet 9, |
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Country : |
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Date of Incorporation : |
08.08.1997 |
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Com. Reg. No.: |
20311495 |
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|
Legal Form : |
Limited Company |
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|
|
Line of Business : |
Non-Financial Holding Companies Note: Detail Activity
is Not Available |
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No of Employees : |
Not Available |
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 – June 01, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
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 |
SONDEX HOLDING A/S |
|
Country |
DENMARK |
|
Company
Registration Number/CVR |
20311495 |
|
Main Code |
642020 |
|
Main
Activity |
Non-financial holding companies |
|
Company
Status |
Active |
|
Latest
Revenue |
|
|
Latest
Shareholder Equity |
579.296 |
|
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 |
Sondex Holding A/S |
|
Registered
Company Name |
Sondex Holding A/S |
|
Company
Registration Number |
20311495 |
|
Country |
DENMARK |
|
Date of
Company Registration |
1997-08-08 |
|
Legal Form |
Limited company |
|
Company
Status |
Active |
|
Currency
of this Report |
DKK |
|
Principal Activity
Code |
642020 |
|
Principal
Activity Description |
Non-financial holding companies |
|
Contact
Address |
Jernet 9, Kolding 6000 |
|
Contact
Telephone Number |
76306100 |
|
ACTIVITIES |
|
|
Activity Code |
Activity Description |
|
642020 |
Non-financial holding companies |
|
PROFIT AND LOSS |
|||
|
Financial Date |
2013 |
2012 |
2011 |
|
Number of
Weeks |
52 |
52 |
52 |
|
Currency |
DKK |
DKK |
DKK |
|
Revenue |
544.000 |
549.000 |
491.000 |
|
Operating
Profit |
92.000 |
154.000 |
-427.000 |
|
Retained
Profit |
65.365.000 |
71.165.000 |
73.812.000 |
|
|
|||
|
BALANCE SHEET |
|||
|
Financial Date |
2013 |
2012 |
2011 |
|
Number of
Weeks |
52 |
52 |
52 |
|
Currency |
DKK |
DKK |
DKK |
|
Total
Assets |
641.343.000 |
617.863.000 |
530.439.000 |
|
Other
Reserves 579.296.000 564.100.000
506.456.000 |
579.296.000 |
564.100.000 |
506.456.000 |
|
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. |
|
Date
of Latest Rating Change |
14-08-2014 |
CONTACT
INFORMATION
|
|||
|
Main
Address |
|
||
|
Address |
Country |
Telephone |
|
|
Jernet 9,
Kolding 6000 |
DENMARK |
76306100 |
|
|
Email Addresses |
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|
Web Pages |
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Currency |
DKK |
|
Nominal
Share Capital |
15.000.000 |
|
CURRENT DIRECTORS |
||
|
Name |
Position |
Start Date |
|
Aage
Sondergaard Nielsen |
General manager |
|
|
IngeMargrethe
Nielsen |
Chairman |
|
|
Aage
Sondergaard Nielsen |
Member of the board |
|
|
Mikkel
Sondergaard Nielsen |
Member of the board |
|
|
Louise
Sondergaard Andersen |
Member of the board |
|
|
ULTIMATE HOLDING PARENT |
|
|
|
Name |
Country |
|
|
ASN Sondex
A/S |
||
|
SUBSIDIARIES |
|
|
Name |
Country |
|
Sondex A/S |
Denmark |
|
Sondex
Australia Pty Ltd |
Australia |
|
Sondex BV |
Netherlands |
|
Sondex Inc |
United states |
|
Sondex
Deutchland Gmbh |
Germany |
|
Gulf
Sondex Fzco Dubai |
United Arab Emirates |
|
Sondex
France Sari |
France |
|
Sondex
(Uk) Ltd |
United Kingdom |
|
Sondex
Service A/S |
Denmark |
|
Sondex
S.P.Z.O.O. |
Poland |
|
Sc Sondex
Romania Sri |
Romania |
|
Sondex
Braze S.P.Z.O.O. |
Poland |
|
Sondex
Korea LLC |
Republic of Korea |
|
Sondex Dis
Ticaret Limited Tyrkiet |
Turkey |
|
Sondex
Pumps A/S |
Denmark |
|
Sondex Phe
Sro Slovakiet |
Slovakia |
|
Sondex Tapiro
OYAB |
Finland |
|
Sondex
Hbcserelbk Magyarorszag KFT |
Hungary |
|
Sondex
Hellas Greece |
Greece |
|
Sondex
South East Asia PTE Ltd. |
Singapore |
|
Sondex
Heat Exchangers India Private Ltd. |
India |
|
Sondex JV
East Holding A/S |
Denmark |
|
Sondex Italia
s.r.l |
Italy |
|
Sondex
Finance Polska So Z.O.O. |
Poland |
|
Sondex
Polska Sp Z.O.O. |
Poland |
|
Danpumps
A/S |
Denmark |
|
Sondex
Heat Exchangers (Ningbo) Co.Ltd. |
China |
|
Sondex
Heat Exchangers(Taichang) Co Ltd |
China |
|
Sondex
Ningbo Pte Ltd |
China |
|
Sondex
Production SRL |
Romania |
|
Sondex
Poland Sp Z.o.o - Poland |
Poland |
|
Scanpro
Servicing PTL Ltd. Singapor |
Singapore |
EMPLOYEE
INFORMATION
Year Reported Number
of Employees
2012 0
2011 0
REAL ESTATE
Real Estate No
OTHER TRADING NAMES
Type Name
No other trading names for this company.
OTHER INFORMATION
Type Text
Capital conditions Fully
paid up
Authorization to sign A
General Manager or two Members of the Board jointly
|
ADDITIONAL ACCOUNTS INFORMATION |
|
|
|
Date
Format |
MM-DD |
|
|
Accounts
Start Date |
01-01 |
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|
Accounts
End Date |
12-31 |
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||
|
ADDITIONAL ACCOUNTS NOTES |
|
|
|
Notes Date |
Notes
Detail |
|
|
2013-01-01T00:00:00 |
In the financial statement of 2013
attention is drawn to leasing commitments. |
|
|
OTHER INFORMATION |
|
|
Type |
Text |
|
Capital
conditions |
Fully paid up |
|
Authorization
to sign |
A General Manager or two Members of the Board jointly |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.77 |
|
|
1 |
Rs.100.72 |
|
Euro |
1 |
Rs.80.55 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
TPT |
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.