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Report Date : |
21.03.2014 |
IDENTIFICATION DETAILS
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Name : |
MITA-TEKNIK A S |
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Registered Office : |
Håndværkervej 1, Rødkærsbro 8840 |
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Country : |
Denmark |
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Date of Incorporation : |
16.06.1980 |
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Com. Reg. No.: |
66089215 |
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Legal Form : |
Limited company |
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Line of Business : |
Computer programming activities |
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No. of Employees : |
102 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
No complaints |
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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 |
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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
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Business Name |
MITA-TEKNIK A/S |
|
Country |
DENMARK |
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Company Registration Number/CVR |
66089215 |
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Main Code |
620100 |
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Main Activity |
Computer programming activities |
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Company Status |
Active |
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Latest Revenue |
|
|
Common Rating Description |
Very Good Credit Worthiness |
|
Credit Limit |
equal to or greater than 100.000 DKK |
|
Provider Rating Description |
Businesses at this level are regarded as having excellent creditworthiness. Small businesses only have a limited possibility of achieving this level. Businesses at this level are in a class by themselves and will have results or financial foundations which are among the best in the country. The credit risk is regarded as minimal. |
Directors/Managers
|
Current Directors |
||
|
Name |
Position |
Start Date |
|
Jesper Hentze
Andersen |
Managing director |
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Thomas Hentze Andersen |
General manager |
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Karl Kristian
Nielsen |
Chairman |
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Søren Lindberg Cristofoli |
Deputy Chairman |
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Holger Hentze
Andersen |
Member of the board |
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Søren Friis
Knudsen |
Member of the board |
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Poul Lind |
Member of the board |
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Thomas Hentze
Andersen |
IT |
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Thomas Hentze Andersen |
Internet |
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Carsten Duelund
Nielsen |
Production |
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Xenia Duffy Obel |
Personnel |
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Frank J Aaby |
Purchasing |
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No negative information found.
Share Capital Structure
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Currency |
DKK |
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Nominal Share Capital |
1.200.000 |
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Global Trading Information |
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Export |
Worldwide |
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Import |
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Group Structure
|
Ultimate Holding Parent |
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|
Name |
Country |
|
Mita-Teknik Invest 1 A/S |
DENMARK |
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Subsidiaries |
|
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Name |
Country |
|
Aktieselskabet
af 12.12.2006 |
DENMARK |
|
Mita-Teknik,
Udlejning ApS |
DENMARK |
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Mita-Teknik Ltd |
UKRAINE |
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Mita-Teknik,
Invest ApS |
DENMARK |
|
Mita-Teknik Technology
Private Ltd |
INDIA |
|
Mita-Teknik
(Ningbo) Co. Ltd. |
CHINA |
Accounts
|
Profit and Loss |
|||
|
Financial Date |
2013 |
2012 |
2011 |
|
Number of Weeks |
52 |
52 |
52 |
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Currency |
DKK |
DKK |
DKK |
|
Revenue |
- |
- |
- |
|
Operating Profit |
29.082.000 |
32.813.000 |
81.390.000 |
|
Retained Profit |
32.600.000 |
23.540.000 |
63.299.000 |
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Balance Sheet |
|||
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Financial Date |
2013 |
2012 |
2011 |
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Number of Weeks |
52 |
52 |
52 |
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Currency |
DKK |
DKK |
DKK |
|
Total Assets |
190.899.000 |
120.787.000 |
168.017.000 |
|
Other Reserves |
132.779.000 |
73.056.000 |
117.389.000 |
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Additional Accounts
Information |
|
|
Date Format |
MM-DD |
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Accounts Start Date |
06-01 |
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Accounts End Date |
05-31 |
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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
Company Information
|
Basic Information |
|
|
Business Name |
Mita-Teknik A/S |
|
Registered Company Name |
Mita-Teknik A/S |
|
Company Registration Number |
66089215 |
|
Country |
DENMARK |
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Date of Company Registration |
1980-06-16 |
|
Legal Form |
Limited company |
|
Company Status |
Active |
|
Currency of this Report |
DKK |
|
Principal Activity Code |
620100 |
|
Principal Activity Description |
Computer programming activities |
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Contact Address |
Håndværkervej 1, Rødkærsbro 8840 |
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Contact Telephone Number |
86658600 |
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Activities |
|
|
Activity Code |
Activity Description |
|
620100 |
Computer programming activities |
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Previous Names |
|
|
Previous Name |
Date Changed from Previous Name |
|
Jetex Production A/S |
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|
Mita-Teknik,
Holger Andersen A/S |
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Contact Information
|
Main Address |
||
|
Address |
Country |
Telephone |
|
Håndværkervej 1, Rødkærsbro 8840 |
DENMARK |
86658600 |
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Email Addresses |
|
info@mita-teknik.com |
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Web Pages |
|
www.mita-teknik.com |
Other Information
|
Employee Information |
|
|
Year Reported |
Number of Employees |
|
2013 |
102 |
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2012 |
118 |
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2011 |
127 |
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Real Estate |
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Real Estate |
No |
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Other Trading Names |
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Type |
Name |
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No other trading names for this company. |
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Other Information |
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|
Type |
Text |
|
Historical data |
The company was formed in 1980 under the name of Jetex Produktion A/S, but in 1990 it changed its name to the present one. |
|
Historical data |
In 1990 the company took over the activities previously carried on by "Mita-Teknik A/S Reg.Nr. 60.339". |
|
Capital conditions |
fully paid up |
N/a
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.13 |
|
|
1 |
Rs.101.17 |
|
Euro |
1 |
Rs.84.59 |
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 |
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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 |
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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 |
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-- |
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.