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Report Date : |
29.07.2014 |
IDENTIFICATION DETAILS
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Name : |
C. NORGAARD A/S |
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Formerly Known as: |
C. NORGAARD'S EFTF A/S |
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Registered Office : |
Wichmandsgade 15, |
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Country : |
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Financials (as on) : |
2013 |
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Date of Incorporation : |
01.04.1991 |
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Com. Reg. No.: |
15039736 |
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Legal Form : |
Limited company |
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Line of Business : |
Non-specialized wholesale trade |
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|
|
No. of Employees |
18 |
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 |
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Payment Behaviour : |
No Complaints |
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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 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
Denmark |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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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, 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 |
C. NORGAARD A/S |
|
Country |
DENMARK |
|
Company Registration Number/CVR |
15039736 |
|
Main Code |
469000 |
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Main Activity |
Non-specialized wholesale trade |
|
Company Status |
Active |
|
Latest Revenue |
|
|
Latest Shareholder Equity |
7.742 |
|
Basic
Information |
|
|
Business Name |
C. NORGAARD A/S |
|
Registered Company Name |
C. NORGAARD A/S |
|
Company Registration Number |
15039736 |
|
Country |
DENMARK |
|
Date of Company Registration |
1991-04-01 |
|
Legal Form |
Limited company |
|
Company Status |
Active |
|
Currency of this Report |
DKK |
|
Principal Activity Code |
469000 |
|
Principal Activity Description |
Non-specialized wholesale trade |
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Contact Address |
Wichmandsgade 15, Odense C 5000 |
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Contact Telephone Number |
66117030 |
Directors/Managers
|
Current
Directors |
||
|
Name |
Position |
Start Date |
|
Ole Leif Geert Petersen |
General manager |
|
|
Carsten Georg Lauth |
Chairman |
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|
Nils Lykke Rasmussen |
Member of the board |
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|
Ole Leif Geert Petersen |
Member of the board |
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|
Ole Leif Geert Petersen |
Finance |
|
|
Nils Lykke Rasmussen |
Sales |
|
|
Ole Leif Geert Petersen |
IT |
|
|
Ole Leif Geert Petersen |
Internet |
|
|
Ole Leif Geert Petersen |
Personnel |
|
|
Nils Lykke Rasmussen |
Export |
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No negative information found.
Share Capital
Structure
|
Currency |
DKK |
|
Nominal Share Capital |
1.000.000 |
|
Global Trading
Information |
|
|
Export |
Europe |
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Import |
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Group Structure
|
Ultimate Holding Parent |
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|
Name |
Country |
|
NLR Holding ApS |
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Subsidaries |
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|
Name |
Country |
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No group structure for this company. |
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Accounts
|
Profit and Loss |
|||
|
Financial Date |
2013 |
2012 |
2011 |
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Number of Weeks |
52 |
52 |
52 |
|
Currency |
DKK |
DKK |
DKK |
|
Revenue |
- |
- |
- |
|
Operating Profit |
1.616.000 |
601.000 |
1.098.000 |
|
Retained Profit |
820.000 |
15.000 |
8.000 |
|
Balance Sheet |
|||
|
Financial Date |
2013 |
2012 |
2011 |
|
Number of Weeks |
52 |
52 |
52 |
|
Currency |
DKK |
DKK |
DKK |
|
Total Assets |
25.414.000 |
25.050.000 |
27.948.000 |
|
Other Reserves |
7.742.000 |
10.368.000 |
10.353.000 |
N/a
|
Activities |
|
|
Activity Code |
Activity
Description |
|
469000 |
Non-specialized wholesale trade |
|
Previous Names |
|
|
Previous Name |
Date Changed
from Previous Name |
|
C. Norgaard's Eftf A/S |
|
|
SLP 10697 A/S |
|
Contact
Information
|
Main Address |
||
|
Address |
Country |
Telephone |
|
Wichmandsgade 15, Odense C 5000 |
DENMARK |
66117030 |
|
Email Addresses |
|
info@cnsafety.dk |
|
Web Pages |
|
www.cnsafety.dk |
Other Information
|
Employee
Information |
|
|
Year Reported |
Number of Employees |
|
2012 |
18 |
|
2011 |
19 |
|
Real Estate |
|
|
Real Estate |
No |
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Other Trading
Names |
|
|
Type |
Name |
|
Popular name |
Gl. Træsko, Bredebro |
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Other
Information |
|
|
Type |
Text |
|
No. of employees |
According to information from the business the number of employees is
19. |
|
Historical data |
The company was formed in 1991 under the name of "SLP 10.697
A/S", but in 1991 it changed its name to the present one. |
|
Capital conditions |
fully paid up |
|
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. |
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Other Trading
Names |
|
|
Type |
Name |
|
Popular name |
Gl. Træsko, Bredebro |
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Global Trading
Information |
|
|
Export |
Europe |
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Import |
|
|
Other
Information |
|
|
Type |
Text |
|
No. of employees |
According to information from the business the number of employees is
19. |
|
Historical data |
The company was formed in 1991 under the name of "SLP 10.697
A/S", but in 1991 it changed its name to the present one. |
|
Capital conditions |
fully paid up |
N/a
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.10 |
|
UK Pound |
1 |
Rs.102.04 |
|
Euro |
1 |
Rs.80.74 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
SDA |
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 |
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|
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.