|
Report Date : |
26.09.2014 |
IDENTIFICATION DETAILS
|
Name : |
UHRENHOLT SEAFOOD A S |
|
|
|
|
Registered Office : |
Teglgardsparken 106, Middelfart 5500 |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
2013 |
|
|
|
|
Date of Incorporation : |
01.11.2012 |
|
|
|
|
Com. Reg. No.: |
34729174 |
|
|
|
|
Legal Form : |
Limited Company |
|
|
|
|
Line of Business : |
Wholesale of Fish and Fishery Products |
|
|
|
|
No of Employees : |
15 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Moderate |
|
Payment Behaviour : |
Slow |
|
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 |
UHRENHOLT SEAFOOD A/S |
|
Country |
DENMARK |
|
Company Registration Number/CVR |
34729174 |
|
Main Code |
463810 |
|
Main Activity |
Wholesale of fish and fishery products |
|
Company Status |
Active |
|
Latest Revenue |
|
|
Latest Shareholder Equity |
-15.586 |
DIRECTORS/MANAGERS
|
Current Directors |
||
|
Name |
Position |
Start Date |
|
Uwe Thellmann |
General manager |
|
|
Flemming Ib Windfeld |
Chairman |
|
|
Søren Berg |
Member of the board |
|
|
Sune Uhrenholt |
Member of the board |
|
No negative information found.
SHARE CAPITAL
STRUCTURE
|
Currency |
DKK |
|
Nominal Share Capital |
500.000 |
N/a
GROUP STRUCTURE
|
Ultimate Holding Parent |
|
|
Name |
Country |
|
Uhrenholt GmbH |
|
|
Subsidiaries |
|
|
Name |
Country |
|
No group structure for this company. |
|
ACCOUNTS
|
Profit and Loss |
|
|
Financial Date |
2013 |
|
Number of Weeks |
61 |
|
Currency |
DKK |
|
Revenue |
291.982.000 |
|
Operating Profit |
-17.223.000 |
|
Retained Profit |
-16.684.000 |
|
Balance Sheet |
|
|
Financial Date |
2013 |
|
Number of Weeks |
61 |
|
Currency |
DKK |
|
Total Assets |
117.705.000 |
|
Other Reserves |
-15.586.000 |
N/a
COMPANY
INFORMATION
|
Basic Information |
|
|
Business Name |
Uhrenholt Seafood A/S |
|
Registered Company Name |
Uhrenholt Seafood A/S |
|
Company Registration Number |
34729174 |
|
Country |
DENMARK |
|
Date of Company Registration |
2012-11-01 |
|
Legal Form |
Limited company |
|
Contact Address |
Teglgårdsparken 106, Middelfart 5500 |
|
Contact Telephone Number |
64414041 |
|
Activities |
|
|
Activity Code |
Activity Description |
|
463810 |
Wholesale of fish and fishery products |
CONTACT
INFORMATION
|
Main Address |
||
|
Address |
Country |
Telephone |
|
Teglgårdsparken 106, Middelfart 5500 |
DENMARK |
64414041 |
|
Email Addresses |
|
|
|
Web Pages |
|
www.uhrenholt.com |
OTHER INFORMATION
|
Employee Information |
|
|
Year Reported |
Number of Employees |
|
2013 |
15 |
|
Real Estate |
|
|
Real Estate |
No |
|
Other Trading Names |
|
|
Type |
Name |
|
Business name |
European Seafood Denmark A/S |
|
Business name |
Europeanseafood Denmark A/S |
|
Other Information |
|
|
Type |
Text |
|
No. of employees |
According to information from the business the number of employees is
15. |
|
Capital conditions |
fully paid up |
|
Authorisation to sign |
the manager together with a member of the board, or two members of the
board jointly |
|
Additional Accounts Information |
|
|
Date Format |
MM-DD |
|
Accounts Start Date |
01-01 |
|
Accounts End Date |
12-31 |
N/a
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.02 |
|
|
1 |
Rs.99.43 |
|
Euro |
1 |
Rs.77.84 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
TPT |
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.