MIRA INFORM REPORT

 

 

Report Date :

21.11.2014

 

IDENTIFICATION DETAILS

 

Name :

DANOFFICE APS

 

 

Registered Office :

Englandsvej 14, Svendborg 5700

 

 

Country :

Denmark

 

 

Financials (as on) :

2013

 

 

Date of Incorporation :

15.12.1998

 

 

Com. Reg. No.:

21370738

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Wholesale of computers, computer peripheral equipm

 

 

No of Employees :

43

 

 

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

 

Maximum Credit Limit :

100.000 DKK

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

 

Company Summary

 

Business Name

DANOFFICE APS

Country

DENMARK

Company Registration Number/CVR

21370738

Main Code

465100

Main Activity

Wholesale of computers, computer peripheral equipm

Company Status

Active

Latest Revenue

Latest Shareholder Equity

57.093.000

Credit Limit

equal to or greater than 100.000 DKK

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.

 

 

Company Information

 

Basic Information

Business Name

Danoffice ApS

Registered Company Name

Danoffice ApS

Company Registration Number

21370738

Country

DENMARK

Date of Company Registration

1998-12-15

Legal Form

Private limited company

Company Status

Active

Currency of this Report

DKK

Principal Activity Code

465100

Principal Activity Description

Wholesale of computers, computer peripheral equipm

Contact Address

Englandsvej 14, Svendborg 5700

Contact Telephone Number

62211766

 

Activities

Activity Code

Activity Description

465100

Wholesale of computers, computer peripheral equipm

 

 

Accounts

 

Profit and loss

Financial Date

2013

2012

2011

Number of Weeks

52

52

52

Currency

DKK

DKK

DKK

Revenue

Operating Profit

30.087.000

30.683.000

24.589.000

Retained Profit

15.122.000

19.579.000

15.333.000

 

Balance Sheet

Financial Date

2013

2012

2011

Number of Weeks

52

52

52

Currency

DKK

DKK

DKK

Total Assets

125.224.000

131.053.000

135.038.000

Other Reserves

57.093.000

             61.942.000

62.459.000

 

 

Credit Score

 

Current Credit Limit                                                      equal to or greater than 100.000 DKK

 

 

Contact Information

 

Main Address

Address                                                                                     Country                      Telephone

Englandsvej 14, Svendborg 5700                                              DENMARK               62211766

 

Email Addresses

danoffice@danoffice.com

 

Web Pages

www.danoffice.com

 

 

Share Capital Structure

 

Currency

DKK

Nominal Share Capital

125.000

 

 

Directors/Managers

 

 

Current Directors

Name

Position

Start Date

Lasse Stauenberg Heckmann

General manager

 

Anette Hansen

Finance

 

Soren Pedersen

Finance

 

 

Group Structure

 

Ultimate Holding Parent

 

Name

Country

Dangroup ApS

 

Subsidaries

Name

Country

Danoffice Inc.

UNITED STATES

Danoffice SA

SWITZERLAND

Danoffice Ltd.

UGANDA

 

 

Other Information

 

Employee Information

Year Reported

Number of Employees

2013

43

2012

32

2011

29

 

Real Estate

Real Estate                                                               No

 

Other Trading Names

Type                                                                          Name

Popular name                                                           Dan:XX

 

Global Trading Information

Export                                                                     Worldwide

Import

 

Other Information

Type                                         Text

No. of employees                    According to information from the business the number of employees is 46.

Historical data                          The company's assets and liabilities have been transferred to CVR no. 29930732, Danxx ApS.

Capital conditions                    fully paid up

 

 

Additional Information

 

Additional Accounts Information

Date Format                                                                MM-DD

Accounts Start Date                                                     01-01

Accounts End Date                                                      12-31

 

Additional Accounts Notes

Notes Date                                  Notes Detail

2013-01-01T00:00:00                  In the financial statement of 2013 attention is drawn to leasing commitments.

 

Other Trading Names

Type                                             Name

Popular name                                Dan:XX

 

Global Trading Information

Export                                           Worldwide

Import

 

Other Information

Type                                                  Text

No. of employees                             According to information from the business the number of employees is 46.

Historical data                                       The company's assets and liabilities have been transferred to CVR-no. 29930732, Danxx ApS.

Capital conditions                             fully paid up

 

 


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.62.10

UK Pound

1

Rs.97.32

Euro

1

Rs.77.91                        

 

INFORMATION DETAILS

 

Analysis Done by :

SUB

 

 

Report Prepared by :

SMN

 

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%)

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.