|
Report Date : |
05.06.2014 |
IDENTIFICATION DETAILS
|
Name : |
BENT VANGSOE
NATURSTEN AS |
|
|
|
|
Registered Office : |
Fynsvej 8, Middelfart 5500 |
|
|
|
|
Country : |
Denmark |
|
|
|
|
Financials (as on) : |
2013 |
|
|
|
|
Date of Incorporation : |
05.10.2000 |
|
|
|
|
Com. Reg. No.: |
25676815 |
|
|
|
|
Legal Form : |
Limited Company |
|
|
|
|
Line of Business : |
Supplier of natural stone such as granite tiles, cobbles,
setts, curbstones & granite blocks |
|
|
|
|
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 – 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 |
Company Summary
|
Business Name |
Bent Vangsøe Natursten A/S |
|
Country |
DENMARK |
|
Company Registration Number/CVR |
25676815 |
|
Main Code |
467200 |
|
Main Activity |
Supplier of
natural stone such as granite tiles, cobbles, setts, curbstones &
granite blocks |
|
Company Status |
Active |
|
Latest Shareholder Equity |
11.688 |
Company
Information
|
Basic Information |
|
|
Business Name |
Bent Vangsøe Natursten A/S |
|
Registered Company Name |
Bent Vangsøe Natursten A/S |
|
Company Registration Number |
25676815 |
|
Country |
DENMARK |
|
Date of Company Registration |
2000-10-05 |
|
Legal Form |
Limited company |
|
Company Status |
Active |
|
Currency of this Report |
DKK |
|
Principal Activity Code |
467200 |
|
Principal Activity Description |
Supplier of
natural stone such as granite tiles, cobbles, setts, curbstones &
granite blocks |
|
Contact Address |
Fynsvej 8, Middelfart 5500 |
|
Contact Telephone Number |
70201822 |
|
Activities |
|
|
Activity Code |
Activity Description |
|
467200 |
Supplier of
natural stone such as granite tiles, cobbles, setts, curbstones &
granite blocks |
Contact
Information
|
Main Address |
||
|
Address |
Country |
Telephone |
|
Fynsvej 8, Middelfart 5500 |
DENMARK |
70201822 |
|
Email Addresses |
|
Web Pages |
Directors/Managers
|
Current Directors |
||
|
Name |
Position |
Start Date |
|
Peter Nygaard |
General manager |
|
|
Jesper Vangsøe |
Chairman |
|
|
Peter Nygaard |
Member of the board |
|
|
Bente Irene Pedersen |
Member of the board |
|
No negative information given.
Share Capital
Structure
|
Currency |
DKK |
|
Nominal Share Capital |
500.000 |
Group Structure
|
Ultimate Holding Parent |
|
|
Name |
Country |
|
BP Invest, Gamborg 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 |
- |
- |
- |
|
Operating Profit |
3.108.000 |
2.161.000 |
3.362.000 |
|
Retained Profit |
1.770.000 |
1.075.000 |
1.426.000 |
|
Balance Sheet |
|||
|
Financial Date |
2013 |
2012 |
2011 |
|
Number of Weeks |
52 |
52 |
52 |
|
Currency |
DKK |
DKK |
DKK |
|
Total Assets |
33.091.000 |
36.483.000 |
38.883.000 |
|
Other Reserves |
11.688.000 |
10.959.000 |
11.425.000 |
|
Additional Accounts Information |
|
|
Date Format |
MM-DD |
|
Accounts Start Date |
10-01 |
|
Accounts End Date |
09-30 |
|
Additional
Accounts Notes |
|
|
Notes Date |
Notes Detail |
|
12/1-01-01T00:00:00 |
In the financial statement of 12/13 attention is drawn to leasing
commitments. |
|
Other
Information |
|
|
Type |
Text |
|
Historical data |
The company is a continuation of Bent Marius Vangsøe's former
personally owned business which was established in 2000. |
|
Capital conditions |
fully paid up |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.59.34 |
|
UK Pound |
1 |
Rs.99.18 |
|
Euro |
1 |
Rs.80.76 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.