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Report Date : |
18.06.2014 |
IDENTIFICATION DETAILS
|
Name : |
KMC, KARTOFFELMELCENTRALEN, AMBA |
|
|
|
|
Formerly Known as : |
Kartoffelmelcentralen
A.m.b.A. |
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|
|
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Registered Office : |
Herningvej 60, Brande 7330 |
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|
|
|
Country : |
Denmark |
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|
|
|
Financials (as on) : |
2013 |
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|
|
|
Date of Incorporation : |
12.11.1986 |
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|
|
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Com. Reg. No.: |
15230614 |
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|
Legal Form : |
Co-Operative With Limited Liability |
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|
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Line of Business : |
· Engaged in processing and preserving of potatoes · Engaged in manufacturing starches and starch products · Subject product ranges include Tapioca Starch, Potato Granules and Flakes |
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|
|
|
No of Employees : |
150 (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 |
|
Business Name |
KMC, Kartoffelmelcentralen, AMBA |
|
Country |
DENMARK |
|
Company Registration Number/CVR |
15230614 |
|
Main Code |
103100 |
|
Main Activity |
Processing and preserving of potatoes |
|
Company Status |
Active |
|
Latest Shareholder Equity |
253.655 |
|
Basic
Information |
|
|
Business Name |
KMC, Kartoffelmelcentralen, AMBA |
|
Registered Company Name |
KMC, Kartoffelmelcentralen, AMBA |
|
Company Registration Number |
15230614 |
|
Country |
DENMARK |
|
Date of Company Registration |
1986-11-12 |
|
Legal Form |
Co-operative with limited liability |
|
Company Status |
Active |
|
Currency of this Report |
DKK |
|
Principal Activity Code |
103100 |
|
Principal Activity Description |
Processing and preserving of potatoes |
|
Product details |
·
Tapioca Starch ·
Potato Granules
and · Flakes |
|
Contact Address |
Herningvej 60, Brande 7330 |
|
Contact Telephone Number |
+45 9642 5555 |
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Contact Fax Number |
+45 9642 5500 |
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E-Mail: |
|
Activities |
|
|
103100 |
Processing and preserving of potatoes |
|
106200 |
Manufacture of starches and starch products |
· Kartoffelmelcentralen A.m.b.A.
· KMC, Kartoffelmelcentralen, AMBA
|
Profit and Loss |
|||
|
Financial Date |
2013 |
2012 |
2011 |
|
Number of Weeks |
52 |
52 |
52 |
|
Currency |
DKK |
DKK |
DKK |
|
Revenue |
922.231.000 |
924.715.000 |
842.148.000 |
|
Operating Profit |
94.288.000 |
131.315.000 |
114.282.000 |
|
Retained Profit |
89.593.000 |
139.986.000 |
102.451.000 |
|
Balance Sheet |
|||
|
Financial Date |
2013 |
2012 |
2011 |
|
Number of Weeks |
52 |
52 |
52 |
|
Currency |
DKK |
DKK |
DKK |
|
Total Assets |
444.538.000 |
380.145.000 |
382.134.000 |
|
Other Reserves |
253.655.000 |
229.984.000 |
184.459.000 |
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Main Address |
|||
|
Address |
Country |
Telephone |
|
|
Herningvej 60, Brande 7330 |
DENMARK |
96425555 |
|
|
Email Addresses |
|
Web Pages |
Directors/Managers |
||
|
Current
Directors |
||
|
Name |
Position |
|
|
Hans Nicolai Hansen |
Managing
director |
|
|
Peter Christian Petersen |
Chairman |
|
|
Anders Dyrberg |
Deputy Chairman |
|
|
Martin Arvad Nielsen |
Member of the
board |
|
|
Jens Jorgen Hansen |
Member of the
board |
|
|
Laurits Holm Rosenlund |
Member of the
board |
|
|
Kristian Moller Sorensen |
Member of the
board |
|
|
Henrik Borum |
Finance |
|
|
Bjarne Larsen |
Sales |
|
|
Jesper Jensen |
Production |
|
|
Henrik Christiansen |
Purchasing |
|
Ultimate Holding
Parent
No information for
this company.
Subsidiaries |
|
|
Name |
Country |
|
Vandel Potatoesl/S |
DENMARK |
|
KMC UK Ltd |
UNITED KINGDOM |
|
KMC International A/S |
DENMARK |
|
KMC Ingredients GmbH |
GERMANY |
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Employee
Information |
||
|
Year Reported |
Number of Employees |
|
|
2013 |
150 |
|
|
2012 |
127 |
|
|
2011 |
121 |
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Real Estate No
|
No other trading names for this company. |
|
Other
Information |
||
|
Type |
Text |
|
|
No. of employees |
According to
information from the business the number of employees is 150. |
|
|
Historical data |
The co-operative
society has 3 members. |
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|
Additional
Accounts Information |
|
|
Date Format |
MM-DD |
|
Accounts Start Date |
09-01 |
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Accounts End Date |
08-31 |
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Additional
Accounts Notes |
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|
|
|
|
12/1-01-01T00:00:00 |
In the financial statement of 12/13 attention is drawn to leasing commitments. |
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Global Trading
Information |
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Export |
Worldwide |
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Import |
|
|
|
|
|
Other
Information |
|
|
Type |
Text |
|
No. of employees |
According to information from the business the number of employees is
150. |
|
Historical data |
The co-operative society has 3 members. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.37 |
|
UK Pound |
1 |
Rs.102.48 |
|
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.