|
Report Date : |
02.06.2014 |
IDENTIFICATION DETAILS
|
Name : |
ABL-FOOD
A/S |
|
|
|
|
Formerly Known As : |
BAGERLAND
A/S |
|
|
|
|
Registered Office : |
Kliplev
Erhvervspark 8, Aabenraa 6200 |
|
|
|
|
Country : |
Denmark |
|
|
|
|
Financials (as on) : |
2013 |
|
|
|
|
Date of Incorporation : |
12.06.1981 |
|
|
|
|
Com. Reg. No.: |
65674815 |
|
|
|
|
Legal Form : |
Limited
company |
|
|
|
|
Line of Business : |
Non-specialized
wholesale of food, beverages |
|
|
|
|
No. of Employees |
11 |
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 : |
Slow but correct |
|
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 |
|
Business
Name |
ABL-FOOD A/S |
|
Country |
DENMARK |
|
Company Registration Number/CVR |
65674815 |
|
Main Code |
463900 |
|
Main Activity |
Non-specialized
wholesale of food, beverages and t |
|
Company Status |
Active |
|
Latest Shareholder Equity |
2.317 |
|
Common Rating Description |
Good
Credit Worthiness |
|
Provider Rating Description |
Businesses
at this level are regarded as having a very good creditworthiness. Small
businesses at this level will be in a class by themselves. Large businesses
at this level are run with respectable, good results or usually from a strong
financial foundation. |
|
Business Name |
ABL-Food
A/S |
|
Registered Company Name |
ABL-Food
A/S |
|
Company Registration Number |
65674815 |
|
Country |
DENMARK |
|
Date of Company Registration |
1981-06-12 |
|
Legal Form |
Limited
company |
|
Company Status |
Active |
|
Currency of this Report |
DKK |
|
Principal Activity Code |
463900 |
|
Principal Activity Description |
Non-specialized
wholesale of food, beverages and t |
|
Contact Address |
Kliplev
Erhvervspark 8, Aabenraa 6200 |
|
Contact Telephone Number |
73687850 |
Activities
|
|
|
Activity
Code |
Activity
Description |
|
463900 |
Non-specialized
wholesale of food, beverages and t |
Previous Names
|
|
|
|
Date
Changed from Previous Name |
|
Bagerland
A/S |
|
|
Financial
Date |
2013 |
2012 |
2011 |
|
Number
of Weeks |
52 |
52 |
52 |
|
Currency |
DKK |
DKK |
DKK |
|
Revenue -
- - |
|||
|
Operating
Profit |
2.863.000 |
2.431.000 |
-4.099.000 |
|
Retained
Profit |
1.527.000 |
603.000 |
-5.707.000 |
|
|
|||
|
Balance
Sheet |
|||
|
Financial
Date |
2013 |
2012 |
2011 |
|
Number
of Weeks |
52 |
52 |
52 |
|
Currency |
DKK |
DKK |
DKK |
|
Total
Assets |
38.604.000 |
34.470.000 |
37.992.000 |
|
Other
Reserves |
2.317.000 |
789.000 |
186.000 |
|
Main
Address |
||
|
Address |
Country |
Telephone |
|
Kliplev
Erhvervspark 8, Aabenraa 6200 |
DENMARK |
73687850 |
Email
Addresses
Web
Pages
|
Currency |
DKK |
|
Nominal
Share Capital |
738.500 |
Directors/Managers
Current
Directors
|
||
|
Name |
Position |
Start
Date |
|
Hans
Ludvig Lassen |
General
manager |
|
|
Lars
Blavnsfeldt |
Chairman |
|
|
Hans
Ludvig Lassen |
Member
of the board |
|
|
Kurt
Hansen |
Member
of the board |
|
|
Camilla
Clausen |
Sales |
|
|
Hans
Lassen |
Sales |
|
|
Morten
Sandager |
Sales |
|
|
Camilla
Clausen |
Export |
|
|
Ultimate
Holding Parent |
|
|
Name |
Country |
|
H.L.
Sogaard Holding ApS |
|
|
Employee
Information |
|
|
Year
Reported |
Number
of Employees |
|
2013 |
11 |
|
2012 |
13 |
Real
Estate
Real
Estate No
Other
Trading Names
Type
No other trading names for this company
|
Type |
Text |
|
Capital
conditions |
fully
paid up |
|
Authorisation
to sign |
A
General Manager alone or the entire Board of Directors |
|
Date
Format |
MM-DD |
|
Accounts
Start Date |
01-01 |
|
Accounts
End Date |
12-31 |
|
|
|
|
Additional
Accounts Notes |
|
|
Notes
Date |
Notes
Detail |
|
2013-01-01T00:00:00 |
In
the financial statement of 2013 attention is drawn to leasing commitments. |
|
|
|
|
Global
Trading Information |
|
|
Export |
Scandinavia |
|
Import |
|
|
Type |
|
|
Capital
conditions |
fully
paid up |
|
Authorisation
to sign |
A
General Manager alone or the entire Board of Directors |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.59.03 |
|
|
1 |
Rs.98.91 |
|
Euro |
1 |
Rs.80.34 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
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.