|
Report Date : |
18.10.2014 |
IDENTIFICATION DETAILS
|
Name : |
PCH ENGINEERING A/S |
|
|
|
|
Formerly Known As : |
PVH ENGINEERING A/S |
|
|
|
|
Registered Office : |
Ved Klædebo 4, Hørsholm 2970 |
|
|
|
|
Country : |
Denmark |
|
|
|
|
Financials (as on) : |
2013 |
|
|
|
|
Date of Incorporation : |
20.05.1998 |
|
|
|
|
Com. Reg. No.: |
20891386 |
|
|
|
|
Legal Form : |
Limited Company |
|
|
|
|
Line of Business : |
Manufacture of instruments and appliances for meas |
|
|
|
|
No of Employees : |
17 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
|
Status : |
Moderate |
|
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 |
PCH ENGINEERING
A/S |
|
Country |
DENMARK |
|
Company Registration Number/CVR |
20891386 |
|
Main Code |
721900 |
|
Main Activity |
Other research and experimental development on nat |
|
Company Status |
Active |
|
Latest Revenue |
|
|
Latest Shareholder Equity |
20.613.000 |
Directors/Managers
|
Current Directors |
||
|
Name |
Position |
Start Date |
|
Niels Carsten Holm |
General manager |
|
|
Leif Viggo Schaap |
General manager |
|
|
Niels Carsten Holm |
Member of the board |
|
|
Ib Eriksen |
Member of the board |
|
|
Leif Viggo Schaap |
Member of the board |
|
|
Birgitte Schaap |
Member of the board |
|
|
Torben Svensson |
Member of the board |
|
|
Christian Holm Jørgensen |
Member of the board |
|
No negative information found.
Share Capital Structure
|
Currency |
DKK |
|
Nominal Share Capital |
1.100.000 |
|
Global Trading Information |
|
|
Export |
Worldwide |
|
Import |
|
Group Structure
|
Ultimate Holding Parent |
|
|
Name |
Country |
|
Schaap & Eriksen ApS |
|
|
Subsidiaries |
|
|
Name |
Country |
|
No group structure for this company. |
|
Accounts
|
Profit and Loss |
|||
|
Financial Date |
2013 |
2012 |
2011 |
|
Number of Weeks |
52 |
52 |
52 |
|
Currency |
DKK |
DKK |
DKK |
|
Revenue |
- |
- |
- |
|
Operating Profit |
7.220.000 |
10.945.000 |
11.054.000 |
|
Retained Profit |
5.741.000 |
13.390.000 |
8.174.000 |
|
Balance Sheet |
|||
|
Financial Date |
2013 |
2012 |
2011 |
|
Number of Weeks |
52 |
52 |
52 |
|
Currency |
DKK |
DKK |
DKK |
|
Total Assets |
28.039.000 |
29.955.000 |
28.082.000 |
|
Other Reserves |
20.613.000 |
22.319.000 |
21.734.000 |
N/a
Company Information
|
Basic Information |
|
|
Business Name |
PCH Engineering A/S |
|
Registered Company Name |
PCH Engineering A/S |
|
Company Registration Number |
20891386 |
|
Country |
DENMARK |
|
Date of Company Registration |
1998-05-20 |
|
Legal Form |
Limited company |
|
Currency of this Report |
DKK |
|
Contact Address |
Ved Klædebo 4, Hørsholm 2970 |
|
Contact Telephone Number |
45768776 |
|
Activities |
|
|
Activity Code |
Activity Description |
|
721900 |
Other research and experimental development on nat |
|
265100 |
Manufacture of instruments and appliances for meas |
|
Previous Names |
|
|
Previous Name |
Date Changed from Previous Name |
|
PVH Engineering A/S |
|
Contact Information
|
Main Address |
||
|
Address |
Country |
Telephone |
|
Ved Klædebo 4, Hørsholm 2970 |
DENMARK |
45768776 |
|
Email Addresses |
|
pch@pch-engineering.dk |
|
Web Pages |
|
www.pch-engineering.dk |
|
Additional Accounts Information |
|
|
Date Format |
MM-DD |
|
Accounts Start Date |
01-01 |
|
Accounts End Date |
12-31 |
|
Other Information |
|
|
Type |
Text |
|
No. of employees |
According to information from the business the number of employees is
17. |
|
Historical data |
The company is a continuation of Niels Carsten Holm's former personally
owned business which was established in 1987. |
|
Capital conditions |
fully paid up |
N/a
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.62 |
|
|
1 |
Rs.99.12 |
|
Euro |
1 |
Rs.78.89 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.