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Report Date : |
06.03.2014 |
IDENTIFICATION DETAILS
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Name : |
AULUNA LEATHER COMPANY A/S |
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|
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Registered Office : |
Cypresvej 8, Herning 7400 |
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Country : |
Denmark |
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Date of Incorporation : |
06.11.2009 |
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Com. Reg. No.: |
32562701 |
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|
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Legal Form : |
Limited company |
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Line of Business : |
Wholesale of luggage and leather articles |
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|
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No. of Employees : |
23 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Slow but correct |
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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 – September 30, 2013
|
Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
|
Denmark |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
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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 |
AULUNA LEATHER COMPANY A/S |
|
Country |
DENMARK |
|
Company Registration Number/CVR |
32562701 |
|
Main Code |
464930 |
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Main Activity |
Wholesale of luggage and leather articles |
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Company Status |
Active |
|
Latest Shareholder Equity |
1.674 |
Basic
Information
|
|
|
Business Name |
Auluna Leather Company A/S |
|
Registered Company Name |
Auluna Leather Company A/S |
|
Company Registration Number |
32562701 |
|
Country |
DENMARK |
|
Date of Company Registration |
2009-11-06 |
|
Legal Form |
Limited company |
|
Company Status |
Active |
|
Currency of this Report |
DKK |
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Principal Activity Code |
464930 |
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Principal Activity Description |
Wholesale of luggage and leather articles |
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Contact Address |
Cypresvej 8, Herning 7400 |
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Contact Telephone Number |
97472411 |
Directors/Managers
|
Current Directors |
||
|
Name |
Position |
Start Date |
|
Ole Overgård |
General manager |
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|
Christian Lillelund Aachmann |
Member of the board |
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|
Lars Skjærbæk
Mathiassen |
Member of the board |
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Ole Overgård |
Member of the board |
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Negative Information |
||||
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Date |
Detail |
Current Status |
Date Completed |
Additional Information |
|
2010-01-29 |
Mortgage on other assets |
|||
Share Capital Structure
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Currency |
DKK |
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Nominal Share Capital |
1.000.000 |
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Global Trading Information |
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|
Export |
Europe |
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Import |
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Group Structure
|
Ultimate Holding Parent |
|
|
Name |
Country |
|
Auluna Group A/S |
DENMARK |
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Subsidaries |
|
|
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 |
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Currency |
DKK |
DKK |
DKK |
|
Revenue |
- |
- |
- |
|
Operating Profit |
-4.179.000 |
1.726.000 |
-338.000 |
|
Retained Profit |
-5.901.000 |
827.000 |
475.000 |
|
Balance Sheet |
|||
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Financial Date |
2013 |
2012 |
2011 |
|
Number of Weeks |
52 |
52 |
52 |
|
Currency |
DKK |
DKK |
DKK |
|
Total Assets |
26.481.000 |
34.773.000 |
22.944.000 |
|
Other Reserves |
1.674.000 |
7.874.000 |
1.447.000 |
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Additional Accounts Information |
|
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Date Format |
MM-DD |
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Accounts Start Date |
04-01 |
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Accounts End Date |
03-31 |
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Additional Accounts Notes |
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Notes Date |
Notes Detail |
|
12/1-01-01T00:00:00 |
In the financial statement of 12/13 attention is drawn to leasing commitments. |
N/a
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Activities |
|
|
Activity Code |
Activity Description |
|
464930 |
Wholesale of luggage and leather articles |
Contact Information
|
Main Address |
||
|
Address |
Country |
Telephone |
|
Cypresvej 8,
Herning 7400 |
DENMARK |
97472411 |
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Email Addresses |
|
auluna@auluna.dk |
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Web Pages |
|
www.aulunaleathercompany.com |
Other Information
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Employee Information |
|
|
Year Reported |
Number of Employees |
|
2013 |
23 |
|
2012 |
25 |
|
2011 |
28 |
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Real Estate |
|
|
Real Estate |
No |
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Other Trading Names |
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|
Type |
Name |
|
No other trading names for this company. |
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Other Information |
|
|
Type |
Text |
|
No. of employees |
According to information from the business the number of employees is 20. |
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Historical data |
In 2009 the company took over the activities previously carried on by Auluna Group A/S (CVR 41811714). |
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Capital conditions |
fully paid up |
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Authorisation to sign |
The Management or the entire Board of Directors. |
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Other Information |
|
|
Type |
Text |
|
No. of employees |
According to information from the business the number of employees is 20. |
|
Historical data |
In 2009 the company took over the activities previously carried on by Auluna Group A/S (CVR 41811714). |
|
Capital conditions |
fully paid up |
|
Authorisation to sign |
The Management or the entire Board of Directors. |
N/a
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.86 |
|
|
1 |
Rs.103.06 |
|
Euro |
1 |
Rs.84.92 |
INFORMATION DETAILS
|
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 |
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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.