MIRA INFORM REPORT

 

 

Report Date :

12.07.2014

 

IDENTIFICATION DETAILS

 

Name :

IVF TECH APS

 

 

Registered Office :

Toppevadvej 34, Stenløse 3660

 

 

Country :

Denmark

 

 

Financials (as on) :

2013

 

 

Date of Incorporation :

07.05.1998

 

 

Com. Reg. No.:

20892307

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Wholesaler of other machinery and equipment

 

Subject product ranges includes :-

 

Flowcabinets

·         IVFtech Light

IVFtech DS

IVFtech UNICA

IVFtech Class II

IVFtech Sterile

 

Accessories

·         Flushing Machines & tuber Warmer

Z- tables

 

&

 

Anti-Vibration Table

 

 

No of Employees :

05 (2013)

 

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 – March 31, 2014

 

Country Name

Previous Rating

(31.12.2013)

Current Rating

(31.03.2014)

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

 


REGISTERED NAME & COMPANY SUMMARY

 

Business Name

IVF Tech ApS

Country

DENMARK

Company Registration Number/CVR

20892307

Main Code

466900

Main Activity

Wholesale of other machinery and equipment

Company Status

Active

Latest Revenue

 

Latest Shareholder Equity

1.969

Provider Rating Description

Businesses at this level are regarded as having a reasonably good creditworthiness. This level has two characteristic features. A. Large businesses with less good operating and financial results. These are evaluated against factors such as size and age. B. Small businesses with good operating results. These figures are usually very good as the business "loses" points on, for example, size.

 

 

Company Information

Basic Information

Business Name

IVF Tech ApS

Registered Company Name

IVF Tech ApS

Company Registration Number

20892307

Country

DENMARK

Date of Company Registration

1998-05-07

Legal Form

Private limited company

Company Status

Active

Currency of this Report

DKK

Principal Activity Code

466900

Principal Activity Description

Wholesale of other machinery and equipment

Contact Address

Toppevadvej 34, Stenløse 3660

Contact Telephone Number

39402565

 

 

Activities

Activity Code

Activity Description

466900

Wholesale of other machinery and equipment

 

product details

 

Flowcabinets

·         IVFtech Light

IVFtech DS

IVFtech UNICA

IVFtech Class II

IVFtech Sterile

 

Accessories

·         Flushing Machines & tuber Warmer

Z- tables

 

&

 

Anti-Vibration Table

 

Contact Information

Main Address

Address

Country

Telephone

Toppevadvej 34, Stenløse 3660

DENMARK

39402565

 

Email Addresses

info@fertility.dk

 

Web Pages

www.ivftech.dk

 

DIRECTORS/MANAGEMENT

 

Directors/Managers

Current Directors

Name

Position

Start Date

Kjeld Ivan Nielsen

General manager

 

Luca Trama

Chairman

 

Karina Sandager Boserup

Member of the board

 

Domenico Girardi

Member of the board

 

Kjeld Ivan Nielsen

Member of the board

 

 

NEGATIVE INFORMATION

 

No negative information given.

 

SHARE & SHARE CAPITAL INFORMATION

 

Share Capital Structure

Currency

DKK

Nominal Share Capital

252.000

 

GROUP STRUCTURE & AFFILIATED COMPANIES

 

Group Structure

Ultimate Holding Parent

Name

Country

Boserup & Nielsen Holding ApS

 

 

Subsidiaries

Name

Country

No group structure for this company.

 

FINANCIAL INFORMATION

 

Accounts

Profit and Loss

Financial Date

2013

2012

2011

Number of Weeks

52

52

52

Currency

DKK

DKK

DKK

Revenue

-

-

7.892.000

Operating Profit

220.000

347.000

190.000

Retained Profit

-13.000

116.000

39.000

 

Balance Sheet

Financial Date

2013

2012

2011

Number of Weeks

52

52

52

Currency

DKK

DKK

DKK

Total Assets

5.776.000

5.085.000

4.588.000

Other Reserves

1.969.000

1.983.000

1.867.000

Additional Accounts Information

Date Format

MM-DD

Accounts Start Date

07-01

Accounts End Date

06-30

 


ADDITIONAL INFORMATION

 

Other Information

Employee Information

Year Reported

Number of Employees

2013

5

2012

4

2011

6

 

Real Estate

Real Estate

No

 

Other Trading Names

Type

Name

Business name

IVF Lab ApS

 

Other Information

Type

Text

Capital conditions

fully paid up

Authorisation to sign

A General Manager alone

 

Other Trading Names

Type

Name

Business name

IVF Lab ApS

 

Other Information

Type

Text

Capital conditions

fully paid up

Authorisation to sign

A General Manager alone

Additional Information

 


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.60.19

UK Pound

1

Rs.103.15

Euro

1

Rs.81.87

 

 

INFORMATION DETAILS

 

Analysis Done by :

RAS

 

 

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.