|
Report Date : |
10.02.2014 |
IDENTIFICATION DETAILS
|
Name : |
TWINCA
AS |
|
|
|
|
Formerly Known As : |
TWINCA
APS |
|
|
|
|
Registered Office : |
Nr
Bjertvej 14, Vinderup 7830 |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
2012 |
|
|
|
|
Date of Incorporation : |
22.12.2000 |
|
|
|
|
Com. Reg. No.: |
25804929 |
|
|
|
|
Legal Form : |
Limited
company |
|
|
|
|
Line of Business : |
Manufacture
of agricultural and forestry machinery |
|
|
|
|
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 – September 30, 2013
|
Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
|
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 |
|
Business Name |
TWINCA A/S |
|
Country |
DENMARK |
|
Company Registration
Number/CVR |
25804929 |
|
Main
Code |
283000 |
|
Main
Activity |
Manufacture
of agricultural and forestry machinery |
|
Company
Status |
Active |
|
Latest
Revenue |
|
|
Latest
Shareholder Equity |
9.029 |
|
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 |
Twinca
A/S |
|
Registered
Company Name |
Twinca
A/S |
|
Company
Registration Number |
25804929 |
|
Country |
DENMARK |
|
Date of
Company Registration |
2000-12-22 |
|
Legal
Form |
Limited
company |
|
Company
Status |
Active |
|
Currency
of this Report |
DKK |
|
Principal
Activity Code |
283000 |
|
Principal
Activity Description |
Manufacture
of agricultural and forestry machinery |
|
Contact
Address |
Nr
Bjertvej 14, Vinderup 7830 |
|
Contact
Telephone Number |
97448555 |
|
|
Activity
Description |
|
283000 |
Manufacture
of agricultural and forestry machinery |
PREVIOUS NAMES
|
Previous
Name |
Date Changed
from Previous Name |
|
Twinca
ApS |
|
|
Profit
and Loss |
|||
|
Financial
Date |
2012 |
2011 |
2010 |
|
Number
of Weeks |
52 |
52 |
52 |
|
Currency |
DKK |
DKK |
DKK |
|
Revenue - - - |
|||
|
Operating
Profit |
4.428.000 |
1.245.000 |
3.243.000 |
|
Retained
Profit |
2.959.000 |
554.000 |
2.195.000 |
|
Financial
Date |
2012 |
2011 |
2010 |
|
Number
of Weeks |
52 |
52 |
52 |
|
Currency |
DKK |
DKK |
DKK |
|
Total
Assets |
19.585.000 |
19.475.000 |
15.769.000 |
|
Other
Reserves |
9.029.000 |
6.070.000 |
5.917.000 |
|
Main
Address |
||
|
Address |
Country |
Telephone |
|
Nr
Bjertvej 14, Vinderup 7830 |
DENMARK |
97448555 |
Email
Addresses
Web Pages
|
Currency |
DKK |
|
Nominal
Share Capital |
667.000 |
|
Current
Directors |
||
|
Name |
Position |
Start
Date |
|
Klaus
Strom Kristensen |
General
manager |
|
|
John
Bygballe Haven Andersen |
Chairman |
|
|
Klaus
Strom Kristensen |
Member
of the board |
|
|
Michael
Kjaer Salmansen |
Member
of the board |
|
|
Klaus
Strom Kristensen |
Production |
|
|
Ultimate
Holding Parent |
|
|
Name |
Country |
|
KSK
Finans ApS |
DENMARK |
Name
Country No group structure for this company
|
Negative
Information |
|
||||
|
Date |
Detail |
Current
Status |
Date Completed |
Additional
Information |
|
|
2009-11-07 |
Mortgage
on other assets |
|
|
||
|
Date
Format |
MM-DD |
|
Accounts
Start Date |
01-01 |
|
Accounts
End Date |
12-31 |
|
Export |
Eastern
Europe |
|
Import |
|
|
Type |
Text |
|
Historical
data |
In 2001
the company took over the activities previously carried on by Twinca I/S CVR
16102687. |
|
Historical
data |
On 2002-07-09
the Company changed legal form from APS to A/S. |
|
Capital
conditions |
fully
paid up |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.32 |
|
|
1 |
Rs.101.78 |
|
Euro |
1 |
Rs.84.68 |
INFORMATION DETAILS
|
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.