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Report No. : |
315385 |
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Report Date : |
06.04.2015 |
IDENTIFICATION DETAILS
|
Name : |
CNS GROUP A/S |
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|
|
|
Formerly Known As : |
PEPPERCORN A/S P.O.P. & Co. A/S |
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|
|
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Registered Office : |
Trianglen 24, Kolding 6000 |
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|
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Country : |
Denmark |
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|
|
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Financials (as on) : |
2013 |
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|
|
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Date of Incorporation : |
17.07.1995 |
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|
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Com. Reg. No.: |
18680181 |
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Legal Form : |
Limited Company |
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|
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Line of Business : |
Wholesale of Clothing. |
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|
|
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No. of Employees : |
68 |
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 : |
Slow but correct |
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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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
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 |
CNS Group A/S |
|
Country |
DENMARK |
|
Company
Registration Number |
18680181 |
|
Activity
Code |
464210 |
|
Activity
Description |
Wholesale of clothing |
|
Company
Status |
Active (Active) |
|
Latest
Turnover Figure - |
|
|
Latest
Shareholder Equity Figure |
12.045.000 DKK |
|
Business
Name |
CNS Group A/S |
|
Registered
Company Name |
CNS Group A/S |
|
Company
Registration Number |
18680181 |
|
Country |
DENMARK |
|
Date
of Company Registration |
17/07/1995 |
|
Legal
Form |
Limited company |
|
Company
Status |
Active (Active) |
|
Currency
of this Report |
DKK |
|
Principal
Activity Code |
464210 |
|
Principal
Activity Description |
Wholesale of clothing |
|
Contact
Address |
Trianglen 24, Kolding 6000 |
|
Contact
Telephone Number |
76355300 |
|
Address |
Country |
Telephone |
|
Trianglen 24, Kolding 6000 |
DENMARK |
76355300 |
|
Activities Activity
Code |
Activity Description |
|
464210 |
Wholesale of clothing |
No email addresses for this company
|
Previous
Name |
|
|
|
Peppercorn A/S |
||
|
P.O.P. & Co. A/S |
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|
|
Year |
Number of Employees |
|
2013 |
68 |
|
2012 |
68 |
|
2011 |
85 |
Real Estate No
|
Type |
Name |
|
Business name |
DND A/S |
|
Business name |
Oxmo A/S |
|
Business name |
Peppercorn A/S |
|
Business name |
Phobia A/S |
|
Business name |
Solid A/S |
|
Export |
Europe |
|
Import |
- |
|
Type |
Text |
|
No. of employees |
According to information from the business the number of
employees is 65. |
|
Historical data |
The company merged on 23-07-2008 with Solid A/S (cvr.nr.
12607504) , the registered company being the continuing one. |
|
Historical data |
The company merged on 23-07-2008 with Solid A/S (cvr.nr.
12607504) , the registered company being the continuing one. |
|
Historical data |
The company merged on 20-10-2009 with DND A/S (Cvr. 31847087)
, the registered company being the continuing one. |
|
Historical data |
The company merged on 16-07-2007 with OXMO A/S (Cvr. 28286163)
, the registered company being the continuing one. |
|
Historical data |
The company's assets and liabilities have been transferred to
CVR-no. 28286163, Oxmo A/S. |
|
Capital conditions |
fully paid up |
|
Date
Format MM-DD |
|
|
Accounts
Start Date
01-01 |
|
|
Accounts
End Date
12-31 |
|
|
Financial
Year |
2013 |
2012 |
2011 |
|
Number
of Weeks |
52 |
52 |
52 |
|
Currency |
DKK |
DKK |
DKK |
|
Operating
Profit |
4.949.000 |
-6.572.000 |
-839.000 |
|
Retained
Profit |
-1.149.000 |
3.225.000 |
7.118.000 |
|
Financial
Year |
2013 |
2012 |
2011 |
|
Number
of Weeks |
52 |
52 |
52 |
|
Currency |
DKK |
DKK |
DKK |
|
TOTAL
ASSETS |
194.117.000 |
137.166.000 |
153.175.000 |
|
Other
Reserves |
12.045.000 |
14.918.000 |
21.323.000 |
Nominal
Share Capital 4.000.000 DKK
|
Shareholder |
Address |
% Shares Held |
|
Conseptor AS |
NOR |
- |
|
Name |
Appointment Date |
Position |
|
Peter Mazur |
23/02/2004 |
General manager |
|
Stein Lande |
24/10/2002 |
Member of the board |
|
Carsten W0hlk Lauritsen |
06/12/2014 |
Member of the board |
|
Gerner Wolff-Sneedorff |
06/12/2014 |
Member of the board |
|
Hanne Ellgaard |
31/01/2008 |
Marketing |
|
Henrik Rasmussen |
20/12/2012 |
Sales |
|
Michel Kajser |
20/12/2012 |
Purchasing |
Ultimate Holding Company Name Conseptor AS
Ultimate Holding Company Country -
Subsidiary Name Country
Peppno AS NORWAY
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.59 |
|
|
1 |
Rs.92.46 |
|
Euro |
1 |
Rs.67.51 |
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.