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Report Date : |
20.09.2014 |
IDENTIFICATION DETAILS
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Name : |
HT BENDIX A/S |
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Formerly Known As : |
HT BENDIX APS |
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Registered Office : |
Ronnevej-4 DK 7400 Herning |
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Country : |
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Financials (as on) : |
2013 |
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Date of Incorporation : |
10.01.2012 |
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Com. Reg. No.: |
34215685 |
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Legal Form : |
Limited Company |
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Line of Business : |
Wholesale of Hardware, Plumbing and Heating Equipm |
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|
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No. of Employees : |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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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) |
|
|
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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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 |
HT Bendix A/S |
|
Country |
DENMARK |
|
Company Registration Number/CVR |
34215685 |
|
Main Code |
467400 |
|
Main Activity |
Wholesale of hardware, plumbing and heating equipm |
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Company Status |
Active |
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Latest Revenue |
|
|
Latest Shareholder Equity |
17.529 |
|
Common Credit Rating |
B |
|
Common Rating Description |
Good Credit Worthiness |
|
Credit Limit |
equal to or greater than 100.000 DKK |
|
Provider Credit Rating (0 to 100) |
75 |
|
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 |
HT Bendix A/S |
|
Registered Company Name |
HT Bendix A/S |
|
Company Registration Number |
34215685 |
|
Country |
DENMARK |
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Date of Company Registration |
2012-01-10 |
|
Legal Form |
Limited company |
|
Company Status |
Active |
|
Currency of this Report |
DKK |
|
Principal Activity Code |
467400 |
|
Principal Activity Description |
Wholesale of hardware, plumbing and heating equipm |
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Contact Address |
Rønnevej 4, Herning 7400 |
|
Contact Telephone Number |
96263370 |
Directors/Managers
|
Current Directors |
||
|
Name |
Position |
Start Date |
|
Kaj Østergaard |
General manager |
|
|
Jens Bach Mortensen |
Chairman |
|
|
Kaj Østergaard |
Member of the board |
|
|
Claus
Østergaard Jensen |
Member of the board |
|
|
Lars Buhl |
Member of the board |
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Negative
Information |
||||
|
Date |
Detail |
Current Status |
Date Completed |
Additional Information |
|
2012-08-14 |
Mortgage on other assets |
|
|
|
Share Capital
Structure
|
Currency |
DKK |
|
Nominal Share Capital |
1.000.000 |
N/A
Group Structure
|
Ultimate Holding
Parent |
|
|
Name |
Country |
|
Hillersborg Holding ApS |
|
|
Subsidiaries |
|
|
Name |
Country |
|
No group structure for this company. |
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Accounts
|
Profit and Loss |
||
|
Financial Date |
2013 |
2012 |
|
Number of Weeks |
52 |
30 |
|
Currency |
DKK |
DKK |
|
Revenue |
- |
- |
|
Operating Profit |
8.583.000 |
- |
|
Retained Profit |
5.479.000 |
- |
|
Balance Sheet |
||
|
Financial Date |
2013 |
2012 |
|
Number of Weeks |
52 |
30 |
|
Currency |
DKK |
DKK |
|
Total Assets |
133.721.000 |
130.000 |
|
Other Reserves |
17.529.000 |
130.000 |
N/A
|
Activities |
|
|
Activity Code |
Activity Description |
|
467400 |
Wholesale of hardware, plumbing and heating equipm |
|
Previous Name |
Date Changed from
Previous Name |
|
HT Bendix ApS |
|
|
IU III Invest 13 ApS |
|
|
Main Address |
||
|
Address |
Country |
Telephone |
|
Rønnevej 4, Herning 7400 |
DENMARK |
96263370 |
|
Email Addresses |
|
Web Pages |
|
Additional Accounts
Information |
|
|
Date Format |
MM-DD |
|
Accounts Start Date |
08-01 |
|
Accounts End Date |
07-31 |
|
Additional Accounts
Notes |
|
|
Notes Date |
Notes Detail |
|
12/1-01-01T00:00:00 |
In the financial statement of 12/13 attention is drawn to leasing commitments. |
|
Other Information |
|
|
Type |
Text |
|
Historical data |
On 2012-10-12 the Company changed legal form from APS to A/S. |
|
Capital conditions |
fully paid up |
|
Authorisation to sign |
two members of the board jointly or a manager together with a member of the board |
N/A
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.81 |
|
|
1 |
Rs.100.06 |
|
Euro |
1 |
Rs.78.47 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
|
|
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.