|
Report Date : |
28.03.2014 |
IDENTIFICATION DETAILS
|
Name : |
INOX STÅL HANDELSSELSKAB A/S |
|
|
|
|
Registered Office : |
Boeletvej 7, Ry 8680 |
|
|
|
|
Country : |
Denmark |
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
05.02.1985 |
|
|
|
|
Com. Reg. No.: |
87633411 |
|
|
|
|
Legal Form : |
Limited company |
|
|
|
|
Line of Business : |
Wholesale of metals and metal ores |
|
|
|
|
No. of Employees : |
51 |
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 – 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 |
|
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
Information
|
Basic
Information |
|
|
Business Name |
Inox Stål Handelsselskab A/S |
|
Registered Company Name |
INOX STÅL HANDELSSELSKAB A/S |
|
Company Registration Number |
87633411 |
|
Country |
DENMARK |
|
Date of Company Registration |
1985-02-05 |
|
Legal Form |
Limited company |
|
Company Status |
Active |
|
Currency of this Report |
DKK |
|
Principal Activity Code |
467200 |
|
Principal Activity Description |
Wholesale of metals and metal ores |
|
Contact Address |
Boeletvej 7, Ry 8680 |
|
Contact Telephone Number |
86892211 |
Directors/Managers
|
Current
Directors |
||
|
Name |
Position |
Start Date |
|
Henry Hansen |
General manager |
|
|
Michael Vinther |
Member of the board |
|
|
Henry Hansen |
Member of the board |
|
|
Massimo Amenduni Gresele |
Member of the board |
|
|
John Søften Sørensen |
Finance |
|
|
Mads Jensen |
Sales |
|
|
Carsten Rasmussen |
IT |
|
|
Mette Faurholt |
Personnel |
|
|
Palle Thomassen |
Purchasing |
|
|
Mads Jensen |
Export |
|
No negative information found.
Share Capital
Structure
|
Currency |
DKK |
|
Nominal Share Capital |
26.000.000 |
|
Global Trading
Information |
|
|
Export |
Scandinavia |
|
Import |
|
|
Global Trading
Information |
|
|
Export |
Scandinavia |
|
Import |
|
Group Structure
|
Ultimate Holding Parent |
|
|
Name |
Country |
|
Acciaierie Valbruna SpA |
ITALY |
|
Subsidiaries |
|
|
Name |
Country |
|
No group structure for this company. |
|
Accounts
|
Profit and Loss |
|||
|
Financial Date |
2012 |
2011 |
2010 |
|
Number of Weeks |
52 |
52 |
52 |
|
Currency |
DKK |
DKK |
DKK |
|
Revenue |
354.604.000 |
373.730.000 |
301.826.000 |
|
Operating Profit |
7.299.000 |
6.245.000 |
11.852.000 |
|
Retained Profit |
3.600.000 |
2.684.000 |
7.459.000 |
|
Balance Sheet |
|||
|
Financial Date |
2012 |
2011 |
2010 |
|
Number of Weeks |
52 |
52 |
52 |
|
Currency |
DKK |
DKK |
DKK |
|
Total Assets |
225.951.000 |
213.618.000 |
231.240.000 |
|
Other Reserves |
50.058.000 |
46.501.000 |
43.753.000 |
|
Additional
Accounts Information |
|
|
Date Format |
MM-DD |
|
Accounts Start Date |
01-01 |
|
Accounts End Date |
12-31 |
|
Additional
Accounts Notes |
|
|
Notes Date |
Notes Detail |
|
2012-01-01T00:00:00 |
In the financial statement of 2012 attention is drawn to leasing
commitments. |
N/a
|
Activities |
|
|
Activity Code |
Activity Description |
|
467200 |
Wholesale of metals and metal ores |
|
Main Address |
||
|
Address |
Country |
Telephone |
|
Boeletvej 7, Ry 8680 |
DENMARK |
86892211 |
|
Email Addresses |
|
inox@inox.dk |
|
Web Pages |
|
www.inox.dk |
Other Information
|
Employee Information |
|
|
Year Reported |
Number of Employees |
|
2012 |
51 |
|
2011 |
55 |
|
2010 |
55 |
|
Real Estate |
|
|
Real Estate |
No |
|
Other Trading
Names |
|
|
Type |
Name |
|
Business name |
Sylvest Stål A/S |
|
Other
Information |
|
|
Type |
Text |
|
Historical data |
The company was formed in 1978 under the name of "N.J. Juul
Handelsselskab ApS", but in 1982 it changed its name to the present one. |
|
Historical data |
The company merged on 06-07-2005 with Sylvest Stål ApS cvr.nr.66675416
, the registered company being the continuing one. |
|
Historical data |
In 1986 the legal form was changed. |
|
Capital conditions |
fully paid up |
|
Authorisation to sign |
a manager or two members of the board jointly or the entire board of
directors |
|
Other Trading
Names |
|
|
Type |
Name |
|
Business name |
Sylvest Stål A/S |
|
Other
Information |
|
|
Type |
Text |
|
Historical data |
The company was formed in 1978 under the name of "N.J. Juul
Handelsselskab ApS", but in 1982 it changed its name to the present one. |
|
Historical data |
The company merged on 06-07-2005 with Sylvest Stål ApS cvr.nr.66675416
, the registered company being the continuing one. |
|
Historical data |
In 1986 the legal form was changed. |
|
Capital conditions |
fully paid up |
|
Authorisation to sign |
a manager or two members of the board jointly or the entire board of
directors |
N/a
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.13 |
|
|
1 |
Rs.99.65 |
|
Euro |
1 |
Rs.82.91 |
INFORMATION DETAILS
|
Report Prepared
by : |
NNA |
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.