|
Report Date : |
05.11.2014 |
IDENTIFICATION DETAILS
|
Name : |
FOSS
ANALYTICAL A/S |
|
|
|
|
Formerly Known As : |
Foss
Electric Produktion A/S |
|
|
|
|
Registered Office : |
FossAlle1,Hillerad
3400 |
|
|
|
|
Country : |
Denmark |
|
|
|
|
Financials (as on) : |
2013 |
|
|
|
|
Date of Incorporation : |
14.12.1983 |
|
|
|
|
Com. Reg. No.: |
73399815 |
|
|
|
|
Legal Form : |
Limited
company |
|
|
|
|
Line of Business : |
Manufacture
of instruments and appliances for meas |
|
|
|
|
No. of Employees : |
345 |
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 – June 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
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 |
|
Business
Name |
FOSS
ANALYTICAL A/S |
|
Country |
DENMARK |
|
Company
Registration Number/CVR |
73399815 |
|
Main
Code |
265100 |
|
Main
Activity |
Manufacture
of instruments and appliances for meas |
|
Company
Status |
Active |
|
Latest
Shareholder Equity |
170.054.000 |
|
Provider
Rating Description |
Businesses
at this level are regarded as having a very good creditworthiness. Small
businesses at this level will be in a class by themselves. Large businesses
at this level are run with respectable, good results or usually from a strong
financial foundation. |
|
Business
Name |
Foss
Analytical A/S |
|
Registered
Company Name |
Foss
Analytical A/S |
|
Company
Registration Number |
73399815 |
|
Country |
DENMARK |
|
Date
of Company Registration |
1983-12-14 |
|
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 |
FossAlle1,Hillerad
3400 |
|
Contact
Telephone Number |
70103370 |
|
Activity
Code |
Activity
Description |
|
265100 |
Manufacture
of instruments and appliances for meas |
|
466900 |
Wholesale
of other machinery and equipment |
|
Previous
Name |
Date
Changed from Previous Name |
|
|
Foss
Electric Produktion A/S |
||
|
Foss
Electric A/S |
||
Profit and Loss
|
Financial Date |
2013 |
2012 |
2011 |
|
Number
of Weeks |
52 |
52 |
52 |
|
Currency |
DKK |
DKK |
DKK |
|
Revenue |
609.296.000 |
579.627.000 |
598.288.000 |
|
Operating
Profit |
167.361.000 |
131.810.000 |
147.882.000 |
|
Retained
Profit |
117.788.000 |
90.116.000 |
103.853.000 |
|
Balance Sheet |
|
|
|
|
|
Financial Date |
2013 |
2012 |
2011 |
|
|
Number
of Weeks |
52 |
52 |
52 |
|
|
Currency |
DKK |
DKK |
DKK |
|
|
Total
Assets |
319.663.000 |
260.853.000 |
292.847.000 |
|
|
Other
Reserves |
170.054.000 |
141.576.000 |
143.911.000 |
|
|
Main Address |
|
||
|
Address |
Country |
Telephone |
|
|
FossAlle1,Hillerad
3400 |
DENMARK |
70103370 |
|
|
Currency |
DKK |
|
Nominal
Share Capital |
20.500.000 |
|
Current
Directors |
||
|
Name |
Position |
Start
Date |
|
Torben
Ladegaard Jensen |
Managing
director |
|
|
Kim
Vejlby Hansen |
General
manager |
|
|
Tue
Byskov Botkjaer |
General
manager |
|
|
Jan
Elgaard |
General
manager |
|
|
PoulBundgaard |
General
manager |
|
|
Kenneth
Aaby Sachse |
General
manager |
|
|
Peter
Alexander Foss |
Chairman |
|
|
Torben
Ladegaard Jensen |
Member
of the board |
|
|
Kenneth
Aaby Sachse |
Member
of the board |
|
|
Alex
Vestergaard |
Elected
by employees |
|
|
Sussie
My Nikolajsen |
Elected
by employees |
|
|
PoulBundgaard |
Production |
|
|
Tue
Byskov Botkjaer |
Personnel |
|
|
Steen
Nielsen |
Purchasing |
|
Ultimate
Holding Parent
Name
Foss
A/S
|
Subsidaries |
|
|
Name |
Country |
|
Lattec
l/S |
DENMARK |
|
Employee
Information |
|
|
Year
Reported |
Number
of Employees |
|
2013 |
345 |
|
2012 |
339 |
|
2011 |
345 |
Real
Estate No
|
Other Trading Names |
|
|
|
|
|
Business
name |
Foss
Electric A/S |
|
Business
name |
A/S
N. Foss DK |
|
Global Trading Information |
|
|
Export |
Worldwide |
|
Import |
|
Other Information
|
Type |
|
|
No.
of employees |
According
to information from the business the number of employees is 375. |
|
Historical
data |
The
company was formed in 1984 under the name of "Foss Electric Skandinavien
A/S", but in 1990 it changed its name to the present one. |
|
Historical
data |
In
1993 (04.12) the company took over the activities previously carried on by
"Foss Electric A/S" Reg. Nr. 26.787. |
|
Capital
conditions |
fully
paid up |
|
Additional Accounts
Information |
|
|
|
Date
Format |
MM-DD |
|
|
Accounts
Start Date |
01-01 |
|
|
Accounts
End Date |
12-31 |
|
|
|
||
|
Additional
Accounts Notes |
|
|
|
|
|
|
|
2013-01-01T00:00:00 |
In
the financial statement of 2013 attention is drawn to leasing commitments. |
|
|
Other Trading Names |
|
|
Type |
|
|
Business
name |
Foss
Electric A/S |
|
Business
name |
A/S
N. Foss DK |
|
Global Trading Information |
|
|
Export |
Worldwide |
|
Import |
|
|
Other Information |
|
|
|
|
|
|
|
|
|
No.
of employees |
According
to information from the business the number of employees is 375. |
|
|
|
Historical
data |
The
company was formed in 1984 under the name of "Foss Electric Skandinavien
A/S", but in 1990 |
||
|
it
changed its name to the present one. |
|||
|
Historical
data |
In
1993 (04.12) the company took over the activities previously carried on by
"Foss Electric A/S" |
||
|
Reg.
Nr. 26.787. |
|||
|
Capital
conditions |
fully
paid up |
||
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.41 |
|
|
1 |
Rs.98.06 |
|
Euro |
1 |
Rs.76.67 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
SDA |
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.