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Report Date : |
13.10.2014 |
IDENTIFICATION DETAILS
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Name : |
DISA INDUSTRIES A S |
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Formerly Known As : |
GEORG FISCHER DISA A/S |
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Registered Office : |
Højager 8, Taastrup 2630 |
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Country : |
Denmark |
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Financials (as on) : |
2013 |
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Date of Incorporation : |
07.09.1995 |
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Com. Reg. No.: |
18802996 |
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Legal Form : |
Limited company |
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Line of Business : |
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No. of Employees : |
298 |
RATING & COMMENTS
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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 – June 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
Denmark |
A2 |
A2 |
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Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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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
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Source
: CIA |
|
Business Name |
DISA INDUSTRIES A/S |
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Country |
DENMARK |
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Company Registration Number/CVR |
18802996 |
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Main Code |
289900 |
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Main Activity |
Manufacture of other special-purpose machinery n.e |
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Company Status |
Active |
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Latest Revenue |
|
Basic Information |
|
|
Business Name |
DISA INDUSTRIES A/S |
|
Registered Company Name |
DISA INDUSTRIES A/S |
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Company Registration Number |
18802996 |
|
Country |
DENMARK |
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Date of Company Registration |
1995-09-07 |
|
Legal Form |
Limited company |
|
Company Status |
Active |
|
Currency of this Report |
DKK |
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Principal Activity Code |
289900 |
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Principal Activity Description |
Manufacture of other special-purpose machinery n.e |
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Contact Address |
Højager 8, Taastrup 2630 |
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Contact Telephone Number |
44505050 |
Directors/Managers
|
Current Directors |
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|
Name |
Position |
Start Date |
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Peter Holm Larsen |
Managing director |
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Kim Alfred Tjerrild |
Chairman |
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Dagmar Munkgård Møller |
Member of the board |
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Jan Arnold Johansen |
Member of the board |
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Simon Bisgaard Jensen |
Elected by employees |
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Rene Stegger |
Elected by employees |
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Dagmar Møller |
Finance |
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Ulla Bjergorg Pollas |
Sales |
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Bo Bugge |
IT |
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Bo Bugge |
Internet |
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Jimmy Sørensen |
Production |
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|
Anders Duer Pedersen |
Purchasing |
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No negative information found.
Share Capital Structure
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Currency |
DKK |
|
Nominal Share Capital |
30.000.000 |
|
Latest Shareholder Equity |
117.525.000 |
No complaints
Group Structure
|
Ultimate Holding Parent |
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|
Name |
Country |
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DISA Industrie AG |
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Subsidaries |
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Name |
Country |
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No group structure for this company. |
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Accounts
|
Profit and Loss |
|||
|
Financial Date |
2013 |
2012 |
2011 |
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Number of Weeks |
52 |
52 |
52 |
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Currency |
DKK |
DKK |
DKK |
|
Revenue |
694.254.000 |
686.884.000 |
670.055.000 |
|
Operating Profit |
72.436.000 |
75.832.000 |
44.769.000 |
|
Retained Profit |
53.320.000 |
54.671.000 |
27.627.000 |
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Balance Sheet |
|||
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Financial Date |
2013 |
2012 |
2011 |
|
Number of Weeks |
52 |
52 |
52 |
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Currency |
DKK |
DKK |
DKK |
|
Total Assets |
403.114.000 |
427.325.000 |
506.221.000 |
|
Other Reserves |
117.525.000 |
113.733.000 |
126.260.000 |
N/a
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Activities |
|
|
Activity Code |
Activity Description |
|
289900 |
Manufacture of other special-purpose machinery n.e |
|
289200 |
Manufacture of machinery for mining, quarrying and |
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Previous Names |
|
|
Previous Name |
Date Changed from Previous Name |
|
Disa Technologies A/S |
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|
Georg Fischer Disa A/S |
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Main Address |
||
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Address |
Country |
Telephone |
|
Højager 8, Taastrup 2630 |
DENMARK |
44505050 |
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Email Addresses |
|
disa.industries@disagroup.com |
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Web Pages |
|
www.disagroup.com |
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Employee Information |
|
|
Year Reported |
Number of Employees |
|
2013 |
298 |
|
2012 |
334 |
|
2011 |
334 |
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Real Estate |
|
|
Real Estate |
No |
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Other Trading Names |
|
|
Type |
Name |
|
Business name |
Disa Ejendomme A/S |
|
Business name |
Disa Elektronik A/S |
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Business name |
Disa Hærderi A/S |
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Business name |
Disa Tools A/S |
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Popular name |
Bukh Motorfabrik |
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Popular name |
Disa Systems |
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Global Trading Information |
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Export |
Worldwide |
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Import |
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Other
Information
|
|
|
Type |
Text |
|
No. of employees |
According to information from the business the number of employees is 318. |
|
Historical data |
In 1996 (01.01.1996) the company took over the activities previously carried on by "Dansk Industri Syndikat A/S" reg. 36.863. |
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Capital conditions |
fully paid up |
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Authorisation to sign |
the chairman of the board together with a manager or two members of the board together with a manager or the entire board of directors |
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 |
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 |
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|
Type |
Name |
|
Business name |
Disa Ejendomme A/S |
|
Business name |
Disa Elektronik A/S |
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Business name |
Disa Hærderi A/S |
|
Business name |
Disa Tools A/S |
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Popular name |
Bukh Motorfabrik |
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Popular name |
Disa Systems |
Global
Trading Information
|
|
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Export |
Worldwide |
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Import |
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|
Other Information |
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|
Type |
Text |
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No. of employees |
According to information from the business the number of employees is 318. |
|
Historical data |
In 1996 (01.01.1996) the company took over the activities previously carried on by "Dansk Industri Syndikat A/S" reg. 36.863. |
|
Capital conditions |
fully paid up |
|
Authorisation to sign |
the chairman of the board together with a manager or two members of the board together with a manager or the entire board of directors |
N/a
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.16 |
|
|
1 |
Rs.98.62 |
|
Euro |
1 |
Rs.77.67 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared by
: |
NIS |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
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>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 |
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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 |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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-- |
NB |
New Business |
-- |
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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.