MIRA INFORM REPORT

 

 

Report Date :

15.02.2014

 

IDENTIFICATION DETAILS

 

Name :

HOUSE DOCTOR APS

 

 

Registered Office :

Industrivej 29, Ikast 7430

 

 

Country :

Denmark

 

 

Date of Incorporation :

12.06.2002

 

 

Com. Reg. No.:

26652405

 

 

Legal Form :

Private limited company

 

 

Line of Business :

Wholesale of luggage and leather articles

 

 

No. of Employees :

32

 

 

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 – 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 Summary

Business Name

House Doctor ApS

Country

DENMARK

Company Registration Number/CVR

26652405

Main Code

464930

Main Activity

Wholesale of luggage and leather articles

Company Status

Active

Latest Revenue

 

Latest Shareholder Equity

21.949

Common Rating Description

Very Good Credit Worthiness

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.

 

 

Company Information

 

Basic Information

Business Name

House Doctor ApS

Registered Company Name

House Doctor ApS

Company Registration Number

26652405

Country

DENMARK

Date of Company Registration

2002-06-12

Legal Form

Private limited company

Company Status

Active

Currency of this Report

DKK

Principal Activity Code

464930

Principal Activity Description

Wholesale of luggage and leather articles

Contact Address

Industrivej 29, Ikast 7430

Contact Telephone Number

97252714

 

Activities

Activity Code

Activity Description

464930

Wholesale of luggage and leather articles

464700

Wholesale of furniture, carpets and lighting equip

477830

Retail sale of gift articles and craftwork

 

 

Contact Information

 

Main Address

Address

Country

Telephone

Industrivej 29, Ikast 7430

DENMARK

97252714

 

Email Addresses

info@housedoctor.dk

 

Web Pages

www.housedoctor.dk

 

 

DIRECTORS/MANAGEMENT

 

Directors/Managers

Current Directors

Name

Position

Start Date

Gitte Juhl Capel

General manager

 

Rikke Juhl Jensen

General manager

 

Klaus Juhl Pedersen

General manager

 

Rita Laumand

Finance

 

 

 

NEGATIVE INFORMATION

 

No negative information found.

 

 

SHARE & SHARE CAPITAL INFORMATION

 

Share Capital Structure

Currency

DKK

Nominal Share Capital

125.000

 

 

PAYMENT INFORMATION

 

Na

 

 

GROUP STRUCTURE & AFFILIATED COMPANIES

 

Group Structure

Ultimate Holding Parent

Name

Country

GJC Holding ApS

DENMARK

 

Subsidaries

Name

Country

No group structure for this company.

 

 

FINANCIAL INFORMATION

 

Accounts

Profit and Loss

Financial Date

2012

2011

2010

Number of Weeks

52

52

52

Currency

DKK

DKK

DKK

Revenue

-

-

-

Operating Profit

7.076.000

9.264.000

10.398.000

Retained Profit

5.261.000

6.873.000

7.174.000

 

Balance Sheet

Financial Date

2012

2011

2010

Number of Weeks

52

52

52

Currency

DKK

DKK

DKK

Total Assets

36.721.000

32.261.000

30.133.000

Other Reserves

21.949.000

20.871.000

17.898.000

 

Additional Accounts Information

Date Format

MM-DD

Accounts Start Date

01-01

Accounts End Date

12-31

 

Additional Accounts Notes

Notes Date

Notes Detail

2012-01-01T00:00:00

In the financial statement of 2012 attention is drawn to leasing commitments.

 

 

FOREIGN EXCHANGE RATES

 

Na

 

 

ADDITIONAL INFORMATION

 

Other Information

Employee Information

Year Reported

Number of Employees

2012

32

2011

27

 

Real Estate

Real Estate

No

 

Other Trading Names

Type

Name

No other trading names for this company.

 

 

Global Trading Information

Export

Europe

Import

 

 

Other Information

Type

Text

Historical data

House Doctor ApS has per 01.11.2002 transferred some of the former activities to Capel & Co. v/Rikke Breinholm Hedegaard Knudsen.

Capital conditions

fully paid up

Authorisation to sign

A General Manager

 

Global Trading Information

Export

Europe

Import

 

 

Other Information

Type

Text

Historical data

House Doctor ApS has per 01.11.2002 transferred some of the former activities to Capel & Co. v/Rikke Breinholm Hedegaard Knudsen.

Capital conditions

fully paid up

Authorisation to sign

A General Manager

 

 

NOTES & COMMENTS

 

Na

 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.62.27

UK Pound

1

Rs.103.66

Euro

1

Rs.85.17

 

 

INFORMATION DETAILS

 

Report Prepared by :

PDT

 

 

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.