MIRA INFORM REPORT

 

 

Report No. :

337100

Report Date :

21.08.2015

 

IDENTIFICATION DETAILS

 

Name :

BENZLER TRANSMISSION A/S

 

 

Registered Office :

Dalager 1, Brøndby 2605

 

 

Country :

Denmark

 

 

Financials (as on) :

2014

 

 

Date of Incorporation :

04.02.1981

 

 

Com. Reg. No.:

64445618

 

 

Legal Form :

Limited company

 

 

Line of Business :

Wholesale of other machinery and equipment

 

 

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 :

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 – March 31, 2015

 

Country Name

Previous Rating

(31.12.2014)

Current Rating

(31.03.2015)

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 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

Benzler Transmission A/S

 

 

Country

DENMARK

 

 

Company Registration Number

64445618

 

 

Activity Code

466900

 

 

Activity Description

Wholesale of other machinery and equipment

 

 

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

Benzler Transmission A/S

 

 

Registered Company Name

Benzler Transmission A/S

 

 

Company Registration Number

64445618

 

 

Country

DENMARK

 

 

Date of Company Registration

04/02/1981

 

 

Legal Form

Limited company

 

 

Company Status

Active (Active)

 

 

Currency of this Report

DKK

 

 

Principal Activity Code

466900

 

 

Principal Activity Description

Wholesale of other machinery and equipment

 

 

Contact Address

Dalager 1, Brøndby 2605

 

 

Contact Telephone Number

36340300

 

 

Main Address

 

Address

Dalager 1, Brøndby 2605

 

 

Country

DENMARK

 

 

Telephone

36340300

 

 

Activities

 

Activity Code

Activity Description

 

 

466900

Wholesale of other machinery and equipment

 

 

Email Addresses

 

info@benzlers.com

 

 

Web Pages

 

www.benzlers.se

 

 

Additional Accounts Information

 

Date Format

MM-DD

 

 

Accounts Start Date

04-01

 

 

Accounts End Date

03-31

 

 

Profit and Loss

 

Financial Year

2014

2013

2012

 

 

 

 

Number of Weeks

52

52

52

 

 

 

 

Currency

DKK

DKK

DKK

 

 

 

 

Revenue

5.283.000

4.255.000

6.969.000

 

 

 

 

Operating Profit

211.000

70.000

658.000

 

 

 

 

Retained Profit

175.000

67.000

512.000

 

 

Balance Sheet

 

Financial Year

2014

2013

2012

 

 

 

 

Number of Weeks

52

52

52

 

 

 

 

Currency

DKK

DKK

DKK

 

 

 

 

Land & Buildings

-

 

 

 

 

 

 

Plant & Machinery

-

 

 

 

 

 

 

TOTAL ASSETS

3.128.000

2.725.000

3.127.000

 

 

 

 

Other Reserves

2.450.000

2.274.000

2.207.000

 

 

Share Capital Structure

 

Nominal Share Capital

1.500.000 DKK

 

 

Shareholders

 

Shareholder

Address

% Shares Held

 

 

 

AB Benzlers

SWE

 

 

 

Current Directors

 

Name

Appointment Date

Position

 

 

 

Harish Chasmawalla Alias Shroff

26/09/2014

General manager

 

 

 

Prashant Chandrakant Amin

30/11/2010

Chairman

 

 

 

Prayasvin Bhanubhai Patel

30/11/2010

Member of the board

 

 

 

Harish Chasmawalla Alias Shroff

18/06/2013

Member of the board

 

 

Ultimate Holding Parent

 

Ultimate Holding Company Name

AB Benzlers

 

 

Ultimate Holding Company Country

 

 

 

Subsidiary Companies

 

Subsidiary Name

Country

 

 

No subsidaries for this company

 

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.65.24

UK Pound

1

Rs.102.21

Euro

1

Rs.72.57

 

INFORMATION DETAILS

 

Analysis Done by :

RAS

 

 

Report Prepared by :

TRU

 

               

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%)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

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