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Report Date : |
23.05.2014 |
IDENTIFICATION DETAILS
|
Name : |
AGRAMKOW FLUID SYSTEMS A/S |
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Registered Office : |
Augustenborg Landevej 19, Sønderborg 6400 |
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Country : |
Denmark |
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Date of Incorporation : |
29.06.1988 |
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Com. Reg. No.: |
12245599 |
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Legal Form : |
Limited company |
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Line of Business : |
Manufacture of instruments and appliances for meas |
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|
|
|
No. of Employees |
97 |
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 |
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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 – 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 |
Agramkow Fluid Systems A/S |
|
Country |
DENMARK |
|
Company Registration Number/CVR |
12245599 |
|
Main Code |
265100 |
|
Main Activity |
Manufacture of instruments and appliances for meas |
|
Company Status |
Active |
|
Latest Revenue |
|
|
Latest Shareholder Equity |
64.419 |
|
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 |
Agramkow Fluid Systems A/S |
|
Registered Company Name |
Agramkow Fluid Systems A/S |
|
Company Registration Number |
12245599 |
|
Country |
DENMARK |
|
Date of Company Registration |
1988-06-29 |
|
Legal Form |
Limited company |
|
Company Status |
Active |
|
Currency of this Report |
DKK |
|
Principal Activity Code |
265100 |
|
Principal Activity Description |
Manufacture of instruments and appliances for meas |
|
Contact Address |
Augustenborg Landevej 19, Sønderborg 6400 |
|
Contact Telephone Number |
74123636 |
|
Activities |
|
|
Activity Code |
Activity DescriptionB |
|
265100 |
Manufacture of instruments and appliances for meas |
|
466900 |
Wholesale of other machinery and equipment |
|
Previous Names |
|
|
Previous Name |
Date Changed from Previous Name |
|
A. Gramkow A/S |
|
|
Gramkow A/S |
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Contact Information
|
Main Address |
||
|
Address |
Country |
Telephone |
|
Augustenborg Landevej 19, Sønderborg 6400 |
DENMARK |
74123636 |
|
Email Addresses |
|
agramkow@agramkow.com |
|
Web Pages |
|
www.agramkow.com |
|
Current Directors |
||
|
Name |
Position |
Start Date |
|
Bjarne Ravn Sørensen |
Managing director |
|
|
Ralf-Michael Fuchs |
Chairman |
|
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Wolfgang Helmut Maria Scheithe |
Member of the board |
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Kjeld Jørgen Kückelhahn |
Member of the board |
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Bjarne Ravn Sørensen |
Member of the board |
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Keld B Nilsen |
Finance |
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Jens Christian Bentzon |
IT |
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|
Claus Jensen |
Production |
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No negative information given
Share Capital Structure
|
Currency |
DKK |
|
Nominal Share Capital |
10.800.000 |
Na
Group Structure
|
Ultimate Holding Parent |
|
|
Name |
Country |
|
Carl Schenck Denmark ApS |
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Subsidaries |
|
|
Name |
Country |
|
AGRAMKOW do Brasil Ltda |
BRAZIL |
|
AGRAMKOW Asia Pacific Pte. Ltd. |
SINGAPORE |
|
Agramkow North America |
UNITED STATES |
|
AGRAMKOW China |
CHINA |
|
AGRAMKOW DE |
GERMANY |
|
AGRAMKOW India |
INDIA |
|
AGRAMKOW North America LLC |
UNITED STATES |
|
AGRAMKOW UK |
UNITED KINGDOM |
|
GWO Anlagenbau GmbH |
GERMANY |
Accounts
|
Profit and Loss |
|||
|
Financial Date |
2013 |
2012 |
2011 |
|
Number of Weeks |
52 |
52 |
52 |
|
Currency |
DKK |
DKK |
DKK |
|
Revenue |
170.650.000 |
218.971.000 |
173.007.000 |
|
Operating Profit |
9.573.000 |
75.258.000 |
33.752.000 |
|
Retained Profit |
7.945.000 |
61.892.000 |
26.785.000 |
|
Balance Sheet |
|||
|
Financial Date |
2013 |
2012 |
2011 |
|
Number of Weeks |
52 |
52 |
52 |
|
Currency |
DKK |
DKK |
DKK |
|
Total Assets |
121.955.000 |
204.085.000 |
121.514.000 |
|
Other Reserves |
64.419.000 |
85.418.000 |
37.083.000 |
Na
Other Information
|
Employee Information |
|
|
Year Reported |
Number of Employees |
|
2013 |
97 |
|
2012 |
93 |
|
2011 |
89 |
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Real Estate |
|
|
Real Estate |
No |
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Other Trading Names |
|
|
Type |
Name |
|
Business name |
A'Gramkow A/S |
|
Business name |
Agramkow A/S |
|
Business name |
Gramkow A/S |
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Global Trading Information |
|
|
Export |
Worldwide |
|
Import |
|
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Other Information |
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|
Type |
Text |
|
Historical data |
The company is a continuation of Asger Gramkow's former personally
owned business which was established in 1977. |
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Capital conditions |
fully paid up |
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Authorisation to sign |
a manager together with the chairman of the board, or a
manager together with two members of the board or the entire board of directors |
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Additional Accounts Information |
|
|
Date Format |
MM-DD |
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Accounts Start Date |
01-01 |
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Accounts End Date |
12-31 |
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Additional Accounts Notes |
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Notes Date |
Notes Detail |
|
2013-01-01T00:00:00 |
In the financial statement of 2013 attention is drawn to
leasing commitments. |
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Other Trading Names |
|
|
Type |
Name |
|
Business name |
A'Gramkow A/S |
|
Business name |
Agramkow A/S |
|
Business name |
Gramkow A/S |
|
Global Trading Information |
|
|
Export |
Worldwide |
|
Import |
|
|
Other Information |
|
|
Type |
Text |
|
Historical data |
The company is a continuation of Asger Gramkow's former
personally owned business which was established in 1977. |
|
Capital conditions |
fully paid up |
|
Authorisation to sign |
a manager together with the chairman of the board, or a
manager together with two members of the board or the entire board of
directors |
Na
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.58.57 |
|
|
1 |
Rs.98.87 |
|
Euro |
1 |
Rs.80.05 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUM |
|
|
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|
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 |
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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 |
|
|
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 |
|
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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.