|
Report Date : |
13.10.2014 |
IDENTIFICATION DETAILS
|
Name : |
RESOLUX APS |
|
|
|
|
Registered Office : |
Tjornevej 6, Orbaek 5853 |
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|
|
|
Country : |
Denmark |
|
|
|
|
Financials (as on) : |
2013 |
|
|
|
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Date of Incorporation : |
26.05.2003 |
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|
|
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Com. Reg. No.: |
27180663 |
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|
|
|
Legal Form : |
Private Limited Company |
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|
|
|
Line of Business : |
Manufacture of Electric Lighting Equipment |
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|
|
|
No. of Employees : |
36 |
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 |
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|
|
|
Payment Behaviour : |
No Complaints |
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|
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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 |
|
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 |
Resolux ApS |
|
Country |
DENMARK |
|
Company Registration Number/CVR |
27180663 |
|
Main Code |
274000 |
|
Main Activity |
Manufacture of electric lighting equipment |
|
Company Status |
Active |
|
Latest Revenue |
-- |
|
Latest Shareholder Equity |
13.844.000 |
Directors/Managers
|
Current
Directors |
||
|
Name |
Position |
Start Date |
|
Ole Johannes Teglgaard |
General manager |
|
|
Kaj Taidal |
Chairman |
|
|
Michael Teglgaard Jørgensen |
Member of the board |
|
|
Stig Christensen |
Member of the board |
|
|
Lars Buhl |
Member of the board |
|
|
Ole Johannes Teglgaard |
Member of the board |
|
|
Niels Erik Kjølby |
Finance |
|
|
Gitte Hvid Larsen |
Marketing |
|
|
Christiaan Van Heerenwegh |
Sales |
|
|
Klaus Nørregaard Madsen |
Production |
|
|
Negative
Information |
||||
|
Date |
Detail |
Current Status |
Date Completed |
Additional
Information |
|
2007-06-06 |
Mortgage on other assets |
|||
|
2007-03-01 |
Mortgage on other assets |
|||
Share Capital Structure
|
Currency |
DKK |
|
Nominal Share Capital |
312.500 |
|
Global Trading
Information |
|
|
Export |
Worldwide |
|
Import |
|
Group Structure
|
Ultimate Holding
Parent |
|
|
Name |
Country |
|
Ove K. Invest A/S |
|
|
Subsidiaries |
|
|
Name |
Country |
|
Resolux Inc. |
UNITED STATES |
|
Resolux do Brazil Ltda. |
BRAZIL |
|
Resolux Wind Power Lighting Equip.(Tianjin) Co,Ltd |
CHINA |
Accounts
|
Profit and Loss |
|||
|
Financial Date |
2013 |
2012 |
2011 |
|
Number of Weeks |
52 |
52 |
52 |
|
Currency |
DKK |
DKK |
DKK |
|
Revenue |
- |
- |
- |
|
Operating Profit |
3.075.000 |
4.134.000 |
2.402.000 |
|
Retained Profit |
2.510.000 |
4.425.000 |
326.000 |
|
Balance Sheet |
|||
|
Financial Date |
2013 |
2012 |
2011 |
|
Number of Weeks |
52 |
52 |
52 |
|
Currency |
DKK |
DKK |
DKK |
|
Total Assets |
41.513.000 |
39.032.000 |
43.707.000 |
|
Other Reserves |
13.844.000 |
11.423.000 |
7.006.000 |
N/A
Company
Information
|
Basic Information |
|
|
Business Name |
Resolux ApS |
|
Registered Company Name |
Resolux ApS |
|
Company Registration Number |
27180663 |
|
Country |
DENMARK |
|
Date of Company Registration |
2003-05-26 |
|
Legal Form |
Private limited company |
|
Currency of this Report |
DKK |
|
Contact Address |
Tjørnevej 6, Ørbæk 5853 |
|
Contact Telephone Number |
62252623 |
|
Activities |
|
|
Activity Code |
Activity Description |
|
274000 |
Manufacture of electric lighting equipment |
Contact
Information
|
Main Address |
||
|
Address |
Country |
Telephone |
|
Tjørnevej 6, Ørbæk 5853 |
DENMARK |
62252623 |
|
Email Addresses |
|
Web Pages |
Other Information
|
Employee
Information |
|
|
Year Reported |
Number of Employees |
|
2013 |
36 |
|
2012 |
53 |
|
Real Estate |
|
|
Real Estate |
No |
|
Other Trading
Names |
|
|
Type |
Name |
|
No other trading names for this company. |
|
|
Other
Information |
|
|
Type |
Text |
|
No. of employees |
According to information from the business the number of employees is
40. |
|
Historical data |
The company is a continuation of Ole Johannes Teglgård Jørgensen (CVR
18795043)'s former personally owned business which was established in 1995. |
|
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 |
|
|
Notes Date |
Notes Detail |
|
2013-01-01T00:00:00 |
In the financial statement of 2013 attention is drawn to leasing
commitments. |
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
: |
RAS |
|
|
|
|
Report Prepared
by : |
NIT |
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.