MIRA INFORM REPORT

 

 

Report No. :

316647

Report Date :

21.04.2015

 

IDENTIFICATION DETAILS

 

Name :

AN-TEX HOLDING APS

 

 

Registered Office :

Industrikrogen 4, Ishøj 2635

 

 

Country :

Denmark 

 

 

Financials (as on) :

2013

 

 

Date of Incorporation :

20.01.2011

 

 

Com. Reg. No.:

33397194

 

 

Legal Form :

Private limited company

 

 

Line of Business :

Non-financial holding companies

 

 

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

 

Status :

Moderate

 

 

Payment Behaviour :

Unknown

 

 

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 Risk

 

A2

Moderate Low Risk

 

B1

Moderate Risk

B2

Moderate High Risk

 

C1

High Risk

C2

Very High Risk

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 and has been slow to emerge from it in 2012-14 . 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. Despite previously meeting the criteria to join the European Economic and Monetary Union (EMU), Denmark has negotiated an opt-out with the EU and is not required to adopt the euro.

 

Source : CIA

 

Company Summary

 

Business Name                                                An-Tex Holding ApS

Country                                                            DENMARK

Company Registration Number                        33397194

Activity Code                                                    642020

Activity Description                                          Non-financial holding companies

Company Status                                               Active (Active)

Latest Turnover Figure                                     -

Latest Shareholder Equity Figure                     3.692.000 DKK

Local Description                                             Businesses at this level are regarded as creditworthy. Small businesses at this level generate results which are among the best in the country or are run on a sound financial platform. Large businesses at this level have good results or are normally run on a sound financial platform.

 

 

Basic Information

 

Business Name                                                An-Tex Holding ApS

Registered Company Name                              An-Tex Holding ApS

Company Registration Number                        33397194

Country                                                            DENMARK

Date of Company Registration                         20/01/2011

Legal Form                                                      Private limited company

Company Status                                               Active (Active)

Currency of this Report                                    DKK

Principal Activity Code                                     642020

Principal Activity Description                           Non-financial holding companies

Contact Address                                               Industrikrogen 4, Ishøj 2635

Contact Telephone Number                              44530035

 

Main Address

 

Address                                               Country                        Telephone

Industrikrogen 4, Ishøj 2635                    DENMARK                    44530035

 

 

Activities

 

Activity Code                                        Activity Description

642020                                      Non-financial holding companies

 

 

Email Addresses

 

No email addresses for this company

 

 

Web Pages

 

No websites for this company

 

 

Additional Accounts Information

 

Date Format                                         MM-DD

Accounts Start Date                              01-01

Accounts End Date                               12-31

 

 

Profit and Loss

 

Financial Year                                                  2013                 2012                 2011

Number of Weeks                                             52                     52                     52

Currency                                                          DKK                 DKK                 DKK

Operating Profit                                               -5.000               -5.000               -27.000

Retained Profit                                                 648.000             808.000             -50.000

 

 

 

Balance Sheet

 

Financial Year                                                  2013                 2012                 2011

Number of Weeks                                             52                     52                     52

Currency                                                          DKK                 DKK                 DKK

TOTAL ASSETS                                               3.702.000          3.132.000          2.402.000

Other Reserves                                                 3.692.000          3.129.000          2.396.000

 

 

Share Capital Structure

 

Nominal Share Capital                         125.000 DKK

 

 

Shareholders

 

No shareholders data for this company.

 

 

Current Directors

 

Name                                       Appointment Date                                Position

Arne Nielsen                              26/01/2011                                            Managing director

 

 

Subsidiary Companies

 

Subsidiary Name                                              Country

An-Tex ApS                                                      DENMARK


 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs. 62.56

UK Pound

1

Rs. 93.56

Euro

1

Rs. 67.49

 

INFORMATION DETAILS

 

Analysis Done by :

RSM

 

 

Report Prepared by :

DPT

 

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%)

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This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.