|
Report Date : |
07.05.2014 |
IDENTIFICATION DETAILS
|
Name : |
STRUERS A/S |
|
|
|
|
Registered Office : |
Pederstrupvej 84, Ballerup 2750 |
|
|
|
|
Country : |
Denmark |
|
|
|
|
Date of Incorporation : |
01.11.1991 |
|
|
|
|
Com. Reg. No.: |
15683309 |
|
|
|
|
Legal Form : |
Limited company |
|
|
|
|
Line of Business : |
Manufacture of metal forming machinery |
|
|
|
|
No. of Employees |
Not Available |
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 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately 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 |
Company Summary
|
Business Name |
Struers A/S |
|
Country |
DENMARK |
|
Company Registration Number/CVR |
15683309 |
|
Main Code |
284100 |
|
Main Activity |
Manufacture of metal forming machinery |
|
Company Status |
Active |
|
Latest Revenue |
|
|
Latest Shareholder Equity |
1.803.499 |
|
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. |
|
Basic Information |
|
|
Business Name |
Struers A/S |
|
Registered Company Name |
Struers A/S |
|
Company Registration Number |
15683309 |
|
Country |
DENMARK |
|
Date of Company Registration |
1991-11-01 |
|
Legal Form |
Limited company |
|
Company Status |
Active |
|
Currency of this Report |
DKK |
|
Principal Activity Code |
284100 |
|
Principal Activity Description |
Manufacture of metal forming machinery |
|
Contact Address |
Pederstrupvej 84, Ballerup 2750 |
|
Contact Telephone Number |
44600800 |
|
Activities |
|
|
Activity Code |
Activity Description |
|
284100 |
Manufacture of metal forming machinery |
|
139600 |
Manufacture of other technical and industrial text |
|
239100 |
Manufacture of abrasive products |
Contact Information
|
Main Address |
||
|
Address |
Country |
Telephone |
|
Pederstrupvej 84, Ballerup 2750 |
DENMARK |
44600800 |
|
Email Addresses |
|
struers@struers.dk |
|
Web Pages |
|
www.struers.com |
Directors/Managers
|
Current Directors |
||
|
Name |
Position |
Start Date |
|
Steen Arne Jensen |
Managing director |
|
|
Jacob Holst Vinther |
Member of the board |
|
|
Paul Soni |
Member of the board |
|
|
Ole Victor Berg |
Member of the board |
|
|
Christian De Courcy Rasmussen |
Member of the board |
|
|
John Hestehave |
Member of the board |
|
|
John Reid Humphrey |
Member of the board |
|
|
Steen Arne Jensen |
Finance |
|
|
Jytte Agerup |
Finance |
|
|
Christian Nielsen |
Finance |
|
|
Anders Eskling |
Sales |
|
|
Anders Eskling |
Marketing |
|
|
Carsten Jacobsen |
IT |
|
|
Christian Heyde |
Production |
|
No negative information given.
Share Capital Structure
|
Currency |
DKK |
|
Nominal Share Capital |
3.000.000 |
|
Global Trading Information |
|
|
Export |
Worldwide |
|
Import |
|
|
Global Trading Information |
|
|
Export |
Worldwide |
|
Import |
|
Group Structure
|
Ultimate Holding Parent |
|
|
Name |
Country |
|
Struers S.a.r.l. |
|
|
Subsidaries |
|
|
Name |
Country |
|
Marumoto Struers KK |
JAPAN |
|
Roper Europe GmbH |
GERMANY |
|
Roper Germany GmbH & Co KG |
GERMANY |
|
Roper Germany GmbH |
GERMANY |
Accounts
|
Profit and Loss |
|||
|
Financial Date |
2012 |
2011 |
2010 |
|
Number of Weeks |
52 |
52 |
52 |
|
Currency |
DKK |
DKK |
DKK |
|
Revenue |
647.460.000 |
622.295.000 |
443.478.000 |
|
Operating Profit |
242.315.000 |
161.321.000 |
136.619.000 |
|
Retained Profit |
145.898.000 |
222.512.000 |
122.838.000 |
|
Balance Sheet |
|||
|
Financial Date |
2012 |
2011 |
2010 |
|
Number of Weeks |
52 |
52 |
52 |
|
Currency |
DKK |
DKK |
DKK |
|
Total Assets |
1.972.762.000 |
1.986.516.000 |
2.169.679.000 |
|
Other Reserves |
1.803.499.000 |
1.646.633.000 |
1.842.305.000 |
|
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. |
Na
Other Information
|
Employee Information |
|
|
Year Reported |
Number of Employees |
|
2012 |
224 |
|
2011 |
178 |
|
2010 |
150 |
|
Real Estate |
|
|
Real Estate |
No |
|
Other Trading Names |
|
|
Type |
Name |
|
Business name |
KBUS 17 Nr.1181 A/S |
|
Business name |
SPG Of 1997 A/S |
|
Business name |
Struers Holding A/S |
|
Business name |
Struers Tech A/S |
|
Other Information |
|
|
Type |
Text |
|
No. of employees |
According to information from the business the number of
employees is 203. |
|
Historical data |
In 1992 (05.01) the company took over some of the
activities previously carried on by "Struers A/S" Reg.Nr. 55.730. |
|
Historical data |
The company merged on 09.10.2002 with Struers Holding A/S,
CVR: 20246936 , the registered company being the continuing one. |
|
Historical data |
The company merged on 09-10-2002 with ApS KBUS 17 Nr. 1181,
CVR: 20249501 , the registered company being the continuing one. |
|
Historical data |
The company merged on 2002-10-09 with SPG of 1997 A/S,
CVR: 10349036 , the registered company being the continuing one. |
|
Capital conditions |
fully paid up |
|
Authorisation to sign |
two members of the board jointly or a manager together
with a member of the board |
|
Other Trading Names |
|
|
Type |
Name |
|
Business name |
KBUS 17 Nr.1181 A/S |
|
Business name |
SPG Of 1997 A/S |
|
Business name |
Struers Holding A/S |
|
Business name |
Struers Tech A/S |
|
Other Information |
|
|
Type |
Text |
|
No. of employees |
According to information from the business the number of
employees is 203. |
|
Historical data |
In 1992 (05.01) the company took over some of the activities
previously carried on by "Struers A/S" Reg.Nr. 55.730. |
|
Historical data |
The company merged on 09.10.2002 with Struers Holding A/S,
CVR: 20246936 , the registered company being the continuing one. |
|
Historical data |
The company merged on 09-10-2002 with ApS KBUS 17 Nr.
1181, CVR: 20249501 , the registered company being the continuing one. |
|
Historical data |
The company merged on 2002-10-09 with SPG of 1997 A/S,
CVR: 10349036 , the registered company being the continuing one. |
|
Capital conditions |
fully paid up |
|
Authorisation to sign |
two members of the board jointly or a manager together
with a member of the board |
Na
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.20 |
|
|
1 |
Rs.101.67 |
|
Euro |
1 |
Rs.83.55 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
PDT |
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%)