|
Report Date : |
05.06.2014 |
IDENTIFICATION DETAILS
|
Name : |
VILA A/S |
|
|
|
|
Registered Office : |
Stilling Kirkevej 10, Skanderborg 8660 |
|
|
|
|
Country : |
Denmark |
|
|
|
|
Financials as on: |
2013 |
|
|
|
|
Date of Incorporation : |
08.01.1988 |
|
|
|
|
Com. Reg. No.: |
67756819 |
|
|
|
|
Legal Form : |
Limited Company |
|
|
|
|
Line of Business : |
Wholesale of clothing |
|
|
|
|
No. of Employees |
194 |
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 31st, 2014
|
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, 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 |
VILA A/S |
|
Country |
DENMARK |
|
Company Registration Number/CVR |
67756819 |
|
Main Code |
464210 |
|
Main Activity |
Wholesale of clothing |
|
Company Status |
Active |
|
Latest Revenue |
|
|
Latest Shareholder Equity |
176.762 |
|
Business Name |
VILA A/S |
|
Registered Company Name |
VILA A/S |
|
Company Registration Number |
67756819 |
|
Country |
DENMARK |
|
Date of Company Registration |
1988-01-08 |
|
Legal Form |
Limited company |
|
Company Status |
Active |
|
Currency of this Report |
DKK |
|
Principal Activity Code |
464210 |
|
Principal Activity Description |
Wholesale of clothing |
|
Contact Address |
Stilling Kirkevej 10, Skanderborg 8660 |
|
Contact Telephone Number |
99423900 |
|
Activity Code |
Activity
Description |
|
464210 |
Wholesale of clothing |
|
Previous Names |
|
|
Previous Name |
Date Changed from Previous Name |
|
Aktieselskabet af 4.1.1994 |
|
|
Mens Wear ApS |
|
|
Troels Holck Povlsen A/S |
|
|
Main Address |
||
|
Address |
Country |
Telephone |
|
Stilling Kirkevej 10, Skanderborg 8660 |
DENMARK |
99423900 |
|
Operating Office |
Country |
|
|
Stroskovvei 20 Ormsley, 8260 Viby J |
DENMARK |
|
|
Email Addresses |
|
vila@vila.com |
|
Web Pages |
|
www.vila.com |
Directors/Managers
|
Current
Directors |
||
|
Name |
Position |
Start Date |
|
Erik Weibel |
Managing director |
|
|
Anders Holch Povlsen |
Chairman |
|
|
Finn Poulsen |
Member of the board |
|
|
Erik Weibel |
Member of the board |
|
|
Lone Gregersen |
Finance |
|
No negative information given.
Share Capital
Structure
|
Currency |
DKK |
|
Nominal Share Capital |
6.300.000 |
Na
Group Structure
|
Ultimate
Holding Parent |
|
|
Name |
Country |
|
Aktieselskabet af 2.12.1998 |
|
|
Subsidaries |
|
|
Name |
Country |
|
Vila Norge As |
NORWAY |
|
Vila Clothes Ltd. |
IRELAND |
|
Vila Clothes AG |
SWITZERLAND |
|
Vila Finland Oy |
FINLAND |
|
Vila Belgium Bvba |
BELGIUM |
|
Vila France SAS |
FRANCE |
|
Vila Gmbh |
GERMANY |
|
Vila Trading A/S |
DENMARK |
|
Vila Stores ApS |
DENMARK |
|
Vila Clothes Handels GmbH |
AUSTRIA |
|
Vila Spain S.L.U. |
SPAIN |
|
Vila Clothes Ltd |
UNITED KINGDOM |
|
Vila Italy SpA |
ITALY |
|
Vila Benelux B.V. |
NETHERLANDS |
|
Vila Stores B.V. |
NETHERLANDS |
|
Vila Stores GmbH |
GERMANY |
|
Vila Sweden AB |
SWEDEN |
Accounts
|
Profit and Loss |
|||
|
Financial Date |
2013 |
2012 |
2011 |
|
Number of Weeks |
52 |
52 |
52 |
|
Currency |
DKK |
DKK |
DKK |
|
Revenue |
940.819.000 |
925.541.000 |
949.483.000 |
|
Operating Profit |
79.479.000 |
97.693.000 |
137.671.000 |
|
Retained Profit |
62.675.000 |
27.573.000 |
124.022.000 |
|
Balance Sheet |
|||
|
Financial Date |
2013 |
2012 |
2011 |
|
Number of Weeks |
52 |
52 |
52 |
|
Currency |
DKK |
DKK |
DKK |
|
Total Assets |
427.688.000 |
495.261.000 |
469.837.000 |
|
Other Reserves |
176.762.000 |
178.384.000 |
168.524.000 |
Na
Other Information
|
Employee
Information |
|
|
Year Reported |
Number of Employees |
|
2013 |
194 |
|
2012 |
190 |
|
2011 |
165 |
|
Real Estate |
|
|
Real Estate |
No |
|
Other Trading
Names |
|
|
Type |
Name |
|
Business name |
Aktieselskabet af 4.1.1994 |
|
Global Trading Information |
|
|
Export |
Scandinavia |
|
Import |
|
|
Other
Information |
|
|
Type |
Text |
|
Historical data |
The company was formed in 1982 under the name of "Mens Wear
ApS", but in 1988 it changed its name to the present one. |
|
Historical data |
In 1994 the company took over the activities previously carried on by
"Vitamin Danmark A/S" reg. 209.611. |
|
Capital conditions |
fully paid up |
|
Additional
Accounts Information |
|
|
Date Format |
MM-DD |
|
Accounts Start Date |
08-01 |
|
Accounts End Date |
07-30 |
|
Other Trading
Names |
|
|
Type |
Name |
|
Business name |
Aktieselskabet af 4.1.1994 |
|
Global Trading
Information |
|
|
Export |
Scandinavia |
|
Import |
|
|
Other Information |
|
|
Type |
Text |
|
Historical data |
The company was formed in 1982 under the name of "Mens Wear
ApS", but in 1988 it changed its name to the present one. |
|
Historical data |
In 1994 the company took over the activities previously carried on by
"Vitamin Danmark A/S" reg. 209.611. |
|
Capital conditions |
fully paid up |
Na
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 : |
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 |
|
|
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.