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Report No. : |
316835 |
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Report Date : |
13.04.2015 |
IDENTIFICATION DETAILS
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Name : |
KEN A S |
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Formerly Known As : |
KAJ E. NIELSEN (KEN) MASKINFABRIK A/S |
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Registered Office : |
Bøgebjergvej 60, Broby 5672 |
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Country : |
Denmark |
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Financials (as on) : |
2014 |
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Date of Incorporation : |
01.05.1987 |
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Com. Reg. No.: |
10676096 |
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Legal Form : |
Limited Company |
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Line of Business : |
Manufacture of Other General-Purpose Machinery N.E |
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No. of Employees : |
182 [2014] |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Good |
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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 – 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 |
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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 |
KEN A/S |
|
Country |
DENMARK |
|
Company Registration Number |
10676096 |
|
Activity Code |
282900 |
|
Activity Description |
Manufacture of
other general-purpose machinery n.e |
|
Company Status |
Active (Active) |
|
Latest Turnover Figure |
164.047.000
DKK |
|
Latest Shareholder Equity Figure |
96.231.000
DKK |
|
Local Description |
Businesses at
this level are regarded as having excellent creditworthiness. Small
businesses only have a limited possibility of achieving this level. Businesses
at this level are in a class by themselves and will have results or financial
foundations which are among the best in the country. The credit risk is
regarded as minimal. |
Basic
Information
|
|
|
Business Name |
KEN A/S |
|
Registered Company
Name |
KEN A/S |
|
Company
Registration Number |
10676096 |
|
Country |
DENMARK |
|
Date of Company
Registration |
01/05/1987 |
|
Legal Form |
Limited company |
|
Company Status |
Active (Active) |
|
Currency of this
Report |
DKK |
|
Principal Activity
Code |
282900 |
|
Principal Activity
Description |
Manufacture of other general-purpose machinery n.e |
|
Contact Address |
Bøgebjergvej 60, Broby 5672 |
|
Contact Telephone
Number |
62631091 |
Main
Address
|
|
|
|
Address |
Country |
Telephone |
|
Bøgebjergvej 60, Broby 5672 |
DENMARK |
62631091 |
|
Activity Code |
Activity Description |
|
282900 |
Manufacture of other general-purpose machinery n.e |
|
289900 |
Manufacture of other special-purpose machinery n.e |
ken@ken.dk
www.ken.dk
Kaj E. Nielsen (KEN) Maskinfabrik A/S
|
Year |
Number of Employees |
|
2014 |
182 |
|
2013 |
171 |
|
2012 |
166 |
|
|
|
Real
Estate
|
|
|
Real Estate |
No |
|
|
|
Other
Trading Names
|
|
|
Type |
Name |
|
Business name |
Ken Hygiene Systems A/S |
|
Business name |
Kaj E. Nielsen (KEN) Maskinfabrik A/S |
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Popular name |
KEN Disinfection Systems |
|
Popular name |
Ken Maskinfabrik |
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|
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Global
Trading Information
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|
Export |
Worldwide |
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Import |
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Other
Information
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|
|
Type |
Text |
|
No. of employees |
According to information from the business the number of employees is
165. |
|
Historical data |
In 1987 the company took over the activities previously carried on by
Kaj E Nielsen Ken Maskinfabrik A/S (CVR. 34244111). |
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Capital conditions |
fully paid up |
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|
|
Additional
Accounts Information
|
|
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Date Format |
MM-DD |
|
Accounts Start Date |
05-01 |
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Accounts End Date |
04-30 |
|
Financial Year |
2014 |
2013 |
2012 |
|
Number of Weeks |
52 |
52 |
52 |
|
Currency |
DKK |
DKK |
DKK |
|
Revenue |
164.047.000 |
158.067.000 |
147.814.000 |
|
Operating Profit |
9.145.000 |
8.113.000 |
7.156.000 |
|
Retained Profit |
9.338.000 |
7.929.000 |
6.430.000 |
|
|
|
|
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Balance
Sheet
|
|||
|
Financial Year |
2014 |
2013 |
2012 |
|
Number of Weeks |
52 |
52 |
52 |
|
Currency |
DKK |
DKK |
DKK |
|
TOTAL ASSETS |
134.479.000 |
124.913.000 |
117.874.000 |
|
Other Reserves |
96.231.000 |
87.938.000 |
79.951.000 |
Share
Capital Structure
|
|
|
Nominal Share
Capital |
5.555.556 DKK |
Shareholders
|
|
|
|
Shareholder |
Address |
% Shares Held |
|
Per Juul Nielsen Holding ApS |
Poul Møllers Vej 3 Odense M 5230 DNK |
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Current
Directors
|
||
|
Name |
Appointment Date |
Position |
|
Per Juul Nielsen |
06/01/2009 |
Managing director |
|
Name |
Appointment Date |
Position |
|
Mogens Kærby
Nielsen |
|
Chairman |
|
Peter Eriksen
Jensen |
17/01/2007 |
Member of the
board |
|
Jesper Torp |
02/09/2011 |
Member of the
board |
|
Søren Bech
Sørensen |
21/10/2013 |
Member of the
board |
|
Steen Aamann
Klingenbjerg |
06/10/2000 |
Elected by
employees |
|
Stephan Holm |
18/12/2008 |
Elected by
employees |
|
Henning Sørensen |
|
Finance |
|
Peter Olsen |
|
Finance |
|
Leif Dahm |
30/05/2006 |
Sales |
|
Kristian Wagner |
06/01/2014 |
Sales |
|
Per Juul Nielsen |
06/01/2014 |
Sales |
|
Henning Sørensen |
|
IT |
|
Henning Sørensen |
|
Internet |
|
Karsten Lund |
13/12/2012 |
Production |
|
Kim S Rasmussen |
06/01/2014 |
Production |
|
Karsten Lund |
06/01/2014 |
Purchasing |
|
Dieter Pletscher |
30/05/2006 |
Export |
|
Stephan Holm |
30/05/2006 |
Export |
|
Per Juul Nielsen |
06/01/2014 |
Export |
Ultimate
Holding Parent
|
|
|
Ultimate Holding
Company Name |
Per Juul Nielsen
Holding ApS |
|
Ultimate Holding
Company Country |
|
Subsidiary
Companies
|
|
|
Subsidiary Name |
Country |
|
KEN Storkøkken A/S |
DENMARK |
|
KEN Slovak S.R.O. |
SLOVAKIA |
|
Ejendommen
Kastanievej 18 ApS |
DENMARK |
|
KEN-Norge AS |
NORWAY |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.36 |
|
|
1 |
Rs.91.60 |
|
Euro |
1 |
Rs.66.49 |
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 |
|
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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 |
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|
-- |
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.