MIRA INFORM REPORT

 

 

Report Date :

06.02.2014

 

IDENTIFICATION DETAILS

 

Name :

UNITED NATIONS CHILDRENS FUND

 

 

Registered Office :

Oceanvej 10, 2150 Nordhavn, Municipality/County  Copenhagen/Hovedstaden

 

 

Country :

Denmark

 

 

Year of Establishments:

1954

 

 

Com. Reg. No.:

Not Available 

 

 

Legal Form :

Foreign company

 

 

Line of Business :

Activities of extraterritorial organisations and bodies which covers advocating children rights actively in more than 190 countries, territories and areas through country programmes and National Committees.

 

 

No. of Employees :

Not Available 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ca

 

RATING

STATUS

PROPOSED CREDIT LINE

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

 

Status :

Foreign Registered Company

 

 

Payment Behaviour :

Unknown 

 

 

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 – december 01, 2013

 

Country Name

Previous Rating

(30.09.2013)

Current Rating

(01.12.2013)

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

 

 

 

 


REGISTERED NAME & COMPANY SUMMARY

 

Company ID

Company name                         United Nations Childrens Fund

Address                                    Oceanvej 10

                                                2150 Nordhavn

Municipality/County                    Copenhagen/Hovedstaden

Phone-no.                                 +45 35 27 35 27

Web                                         www.unicef.org

CVR-no.                                    34529809

Legal form                                 Foreign company

Company Status                        Active

Established                               1954

Employees                                0

 

Activity (trade)                           99.00.00 Activities of extraterritorial organisations and bodies which covers

advocating children rights actively in more than 190 countries, territories and areas through country programmes and National Committees.

 

 

NEGATIVE INFORMATION

 

Public record information

Mortgage moveable pr               None

 

PAYMENT INFORMATION

 

Payment remarks

Official registr.                           None

Payment remarks                      None

Payment profile

-----------------------------------------------------------------------------

Tabel 1:                                                                         Date of measuring: December 2013

The business's                                                               Time of payment

mode of payment                                                           Days exceeding agreement

in relation to                                                                              3 mth  12 mth  24 mth

payment custom      

---------------------------------------------------------------------


The business's time of payment              N/A     N/A     N/A

Upper Quartile, Danish companies           0,00    0,00    0,00

Median, Danish companies                     0,00    0,31    0,27

Lower Quartile, Danish companies           0,68    1,59    1,33

----------------------------------------------------------------------------

Table 2:                                     Month               Total                 Within               Outside

The business's                           From date         exp.                  agreem.            agreement

payment time                              ------------------------------------------------------------

                                                0          1-7        8-29      30-59    60-89   90 -

                                                days     days     days     days     days   days

                                                 ----------------------------------------------------------------------------

                      1 -  3                   2          2          0          0          0          0          0

                      4 -  6                   0          0          0          0          0          0          0

                      7 - 12        0        0          0          0          0          0          0

 

                      1 - 12        2        2          0          0          0          0          0

                     13 - 24       0        0          0          0          0          0          0

                     ---------------------------------------------------------------------------

Table 3:                                     Interval              Total                 Within               Outside

The business's                                                   exp.                  agreem.            agreement

mode of payment                        -----------------------------------------------------

divid. in amount     1.000              0         1-7   8-29          30-59  60-89   90 -

last 12 months       DKK                days   days   days      days   days       days

                     ---------------------------------------------------------------------------

                     100 -          0        0          0          0          0          0          0

                      25 - 99      0        0          0          0          0          0          0

                      10 - 24      0        0          0          0          0          0          0

                       1 -  9                  2          2          0          0          0          0          0

                       0 -  1                  0          0          0          0          0          0          0

                     ---------------------------------------------------------------------------

 

GROUP STRUCTURE & AFFILIATED COMPANIES

 

Corporate Structure

Parent company                        None

Subsidiaries                              None

 

FINANCIAL INFORMATION

 

Financial data

Financial data                No financial status available for the business.

                                    Financial statements are not publicly available.

                                    On direct application the business did not want

                                    to give us any information about its financial

                                    position.

 

ADDITIONAL INFORMATION

 

Property

Property                        We have no information as to whether

                                    United Nations Childrens Fund owns real estate.

 

Credit Facilities

Credit facilities               The business does not want to give us the name of

                                    its bankers.

Historical Data

Established                               1954

Popular names                          UNICEF

 

Export - Import

 

Events

                                    Below you will find a presentation of the

                                    registered events for the company for the latest

                                    six months, a maximum of 25 events are shown.


FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.62.45

UK Pound

1

Rs.102.00

Euro

1

Rs.84.35

 

INFORMATION DETAILS

 

Report Prepared by :

MNL

 

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%)

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.