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Report No. : |
335626 |
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Report Date : |
10.08.2015 |
IDENTIFICATION DETAILS
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Name : |
DUPONT NUTRITION BIOSCIENCES APS |
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Formerly Known As : |
DANISCO A/S |
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Registered Office : |
Langebrogade 1, Copenhagen K 1411 |
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Country : |
Denmark |
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Financials (as on) : |
2014 |
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Date of Incorporation : |
01.01.1900 |
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Com. Reg. No.: |
11350356 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
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No. of Employee : |
1205 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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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 – March 31, 2015
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Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
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Denmark |
A2 |
A2 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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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 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 |
DUPONT NUTRITION
BIOSCIENCES APS
|
Business Name |
DUPONT NUTRITION BIOSCIENCES APS |
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Country |
DENMARK |
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Company Registration Number |
11350356 |
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Activity Code |
108900 |
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Activity Description |
Manufacture of other food products |
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Company Status |
Active (Active) |
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Latest Turnover Figure |
3.422.000.000 DKK |
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Latest Shareholder Equity
Figure |
5.839.000.000 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 |
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financial foundations which are among the best in the
country. The credit risk is regarded as minimal. |
Basic
Information
|
|
|
Business Name |
Dupont Nutrition Biosciences ApS |
|
Registered Company Name |
Dupont Nutrition Biosciences ApS |
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Company Registration Number |
11350356 |
|
Country |
DENMARK |
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Date of Company Registration |
01/01/1900 |
|
Legal Form |
Private limited company |
|
Company Status |
Active (Active) |
|
Currency of this Report |
DKK |
|
Principal Activity Code |
108900 |
|
Principal Activity
Description |
Manufacture of other food products |
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Contact Address |
Langebrogade 1, Copenhagen K 1411 |
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Contact Telephone Number |
32662000 |
Main
Address
|
|
|
Address |
Langebrogade 1, Copenhagen K 1411 |
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Country |
DENMARK |
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Telephone |
32662000 |
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Activity Code |
Activity Description |
|
108900 |
Manufacture of other food products |
|
205900 |
Manufacture of other chemical products. |
info@danisco.com
www.danisco.com
Previous Name
DANISCO A/S
|
Year |
Number of Employees |
|
2014 |
1205 |
|
2013 |
1243 |
|
2012 |
1247 |
Real
Estate
|
|
|
Real Estate |
No |
Other
Trading Names
|
|
|
Type |
Name |
|
Business name |
Danisco Animal Nutrition ApS |
|
Business name |
Danisco ApS |
|
Business name |
Danisco Cultor Ingredients ApS |
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Business name |
Danisco-Cultor ApS |
|
Business name |
Danisco Cultor ApS |
|
Business name |
Danisco Cultures ApS |
|
Business name |
Danisco Emulsifiers ApS |
|
Business name |
Danisco Functional Systems ApS |
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Business name |
Danisco Genencor ApS |
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Business name |
Danisco Ingredients ApS |
|
Business name |
Danisco Specialities ApS |
|
Business name |
Danisco Sweeteners ApS |
|
Business name |
Danisco Textural Ingredients ApS |
|
Business name |
Danisco Venture ApS |
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Business name |
Grindsted Products ApS |
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Export |
Worldwide |
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Import |
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Type |
Text |
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Historical data |
In 1994 the company took over the activities previously carried on by Vinhuset Norden, Rex Vin Compani K/S. |
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Historical data |
In 1994 the company took over the activities previously carried on by Vinhuset Norden, Rex Vin Compani K/S. |
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Historical data |
In 1991 the company took over the activities previously carried on by Danisco Foods A/S (REG 29.728). |
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Historical data |
In 1992 the company took over the activities previously carried on by Produktionsselskabet af 8. september 1992 A/S. |
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Historical data |
The company has per 01.05.1999 transferred some of its former activities to Danisco Distillers A/S (REG 251.617). |
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Historical data |
The company has per 01-05-2001 transferred some of its former activities to Amcor Flexibles Denmark A/S (CVR 21409839). |
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Historical data |
The company has per 01.05.1999 transferred some of its former activities to Danisco Foods A/S (CVR 21409685). |
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Historical data |
The company has per 01.01.1999 transferred some of its former activities to Fionia Emballage A/S (REG 177.932). |
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Historical data |
The company has per 01.05.1999 transferred some of its former activities to Danisco Pack Denmark A/S (REG 251.616). |
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Historical data |
The company has per 01.09.2006 transferred some of its former activities to Danisco Sugar A/S (CVR 29781834). |
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Historical data |
The company was originally formed 1981, and 1997 it merged with Vendelbo Ejendomsselskab af 1991 A/S (REG 104.632), the registered company being the continuing one. |
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Historical data |
The company was originally formed 1981, and 1997 it merged with Danisco Miljøpack A/S (REG 175.368), the registered company being the continuing one. |
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Historical data |
The company was originally formed 1981, and 1996 it merged with Grenaa Gærfabrik A/S (REG 186.427), the registered company being the continuing one. |
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Historical data |
The company was originally formed 1981, and 1996 it merged with Danisco Peter F. Heering A/S (REG 49.397), the registered company being the continuing one. |
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Historical data |
The company was originally formed 1981, and 1996 it merged with Danisco Flexible Raackmann A/S (REG 34.384), the registered company being the continuing one. |
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Historical data |
The company was originally formed 1981, and 1996 it merged with Danisco Pack A/S (REG 35.425), the registered company being the continuing one. |
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Historical data |
The company was originally formed 1981, and 1996 it merged with Danisco Foods A/S (REG 29.728), the registered company being the continuing one. |
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Historical data |
The company was originally formed 1981, and 1996 it merged with Dedansk ApS (REG 151.392), the registered company being the continuing one. |
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Historical data |
The company was originally formed 1981, and 1996 it merged with Danisco Flexible Otto Nielsen A/S (REG 26.158), the registered company being the continuing one. |
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Historical data |
The company was originally formed 1981, and 1996 it merged with Danish Paper Packaging Development A/S (R 151.395), the registered company being the continuing one. |
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Historical data |
The company was originally formed 1981, and 1996 it merged with Ejendoms ApS matr.nr. 947 c Aalborg bygrunde II, the registered company being the continuing one. |
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Historical data |
The company was originally formed 1981, and 1996 it merged with Danisco Ejendomme A/S (REG 33.201), the registered company being the continuing one. |
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Historical data |
The company merged on 19-12-2005 with A/S PSE 38 Nr. 2024 (CVR 21409774), the registered company being the continuing one. |
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Historical data |
The Company has in connection with a conversion on the 2012-05-14 changed its name and legal form to the present ones. |
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Capital conditions |
fully paid up |
Additional
Accounts Information
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Date Format |
MM-DD |
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Accounts Start Date |
01-01 |
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Accounts End Date |
12-31 |
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Profit
and Loss
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Financial Year |
2014 |
2013 |
2012 |
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Number of Weeks |
52 |
52 |
52 |
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Currency |
DKK |
DKK |
DKK |
|
Revenue |
3.422.000.000 |
3.346.000.000 |
3.279.000.000 |
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Operating Profit |
193.000.000 |
423.000.000 |
278.000.000 |
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Retained Profit |
233.000.000 |
489.000.000 |
1.151.000.000 |
Balance
Sheet
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|||
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Financial Year |
2014 |
2013 |
2012 |
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Number of Weeks |
52 |
52 |
52 |
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Currency |
DKK |
DKK |
DKK |
|
Land & Buildings |
- |
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Plant & Machinery |
- |
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TOTAL ASSETS |
11.716.000.000 |
11.426.000.000 |
12.712.000.000 |
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Other Reserves |
5.839.000.000 |
5.606.000.000 |
5.117.000.000 |
Share
Capital Structure
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Nominal Share Capital |
953.865.900 DKK |
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Shareholders
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Shareholder |
Address |
% Shares Held |
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Dupont Denmark Holding ApS |
Langebrogade 1 Copenhagen K 1411 DNK |
100 |
Current
Directors
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|
Name |
Appointment Date |
Position |
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Jørgen Rosenlund Nielsen |
17/06/2011 |
General manager |
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Etienne Jean-Emmannuel Laurent |
10/10/2014 |
General manager |
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Matthias Josef Heinzel |
16/02/2015 |
General manager |
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Ian Hudson |
10/06/2011 |
Chairman |
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Jørgen Rosenlund Nielsen |
30/05/2012 |
Member of the board |
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Etienne Jean-Emmannuel Laurent |
10/10/2014 |
Member of the board |
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Matthias Josef Heinzel |
16/02/2015 |
Member of the board |
|
Flemming Kristensen |
07/01/2005 |
Elected by employees |
|
Anne Agger Sparsø |
23/08/2010 |
Elected by employees |
Ultimate
Holding Parent
|
|
|
|
Ultimate Holding Company
Name |
Dupont Denmark Holding ApS |
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Ultimate Holding Company
Country |
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Subsidiary
Companies
|
|
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Subsidiary Name |
Country |
|
|
Ydernæs 1 ApS |
DENMARK |
|
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Cometra ApS |
DENMARK |
|
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ApS Syntetic |
DENMARK |
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Danisco France SAS |
FRANCE |
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Danisco Argentina S.A. |
ARGENTINA |
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Danisco Chile S.A. |
CHILE |
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Danisco Holland B.V. |
NETHERLANDS |
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Danisco Holdings (UK) Ltd. |
UNITED KINGDOM |
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Danisco Poland Sp. z.o.o |
POLAND |
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Danisco Sweeteners Oy |
FINLAND |
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Eurotec SPRL |
BELGIUM |
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Danisco Guatemala S.A. |
GUATEMALA |
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Danisco Peru S.A.C. |
PERU |
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Danisco Romania S.R.L. |
ROMANIA |
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DTU-Invest K/S |
DENMARK |
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Danisco Egypt Trading LLC |
EGYPT |
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Seed Capital Denmark K/S |
DENMARK |
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Danisco (China) Holding co. Ltd. |
CHINA |
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Danisco Austria GmbH |
AUSTRIA |
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Danisco Brazil Ltda. |
BRAZIL |
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Danisco Centro America S.A. |
GUATEMALA |
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Danisco Colombia Ltda. |
COLOMBIA |
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Danisco Cultor Trading Ltda. |
BRAZIL |
|
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Danisco Dis Ticarat Limited Sirketi. |
TURKEY |
|
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Danisco Flexible Brazil Ltda |
BRAZIL |
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|
There are more than 25
entities. To see the full list, please view the website report accompanying
the PDF |
|
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FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.76 |
|
|
1 |
Rs.98.76 |
|
Euro |
1 |
Rs.69.88 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
ASH |
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.