MIRA INFORM REPORT
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Report No. : |
354164 |
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Report Date : |
16.12.2015 |
IDENTIFICATION DETAILS
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Name : |
DK COMPANY VEJLE A/S |
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Registered Office : |
Edisonvej 4, Vejle 7100 |
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Country : |
Denmark |
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Financials (as on) : |
2014 |
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Date of Incorporation : |
02.01.1985 |
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Com. Reg. No.: |
76180113 |
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Legal Form : |
Limited company |
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Line of Business : |
Wholesale of clothing. |
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No. of Employee : |
214 |
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 : |
No complaints |
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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
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
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.
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Source
: CIA |
Company
Summary
|
Business Name |
DK COMPANY VEJLE A/S |
|
Country |
DENMARK |
|
Company Registration Number |
76180113 |
|
Activity Code |
464210 |
|
Activity Description |
Wholesale of clothing |
|
Company Status |
Active (Active) |
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Latest Turnover Figure |
674.578.000 DKK |
|
Latest Shareholder Equity Figure |
66.875.000 DKK |
Basic
Information
|
Business Name |
DK Company Vejle A/S |
|
Registered Company Name |
DK Company Vejle A/S |
|
Company Registration Number |
76180113 |
|
Country |
DENMARK |
|
Date of Company Registration |
02/01/1985 |
|
Legal Form |
Limited company |
|
Company Status |
Active (Active) |
|
Currency of this Report |
DKK |
|
Principal Activity Code |
464210 |
|
Principal Activity Description |
Wholesale of clothing |
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Contact Address |
Edisonvej 4, Vejle 7100 |
|
Contact Telephone Number |
79433000 |
Main
Address
|
Address |
Edisonvej 4, Vejle 7100 |
|
Country |
DENMARK |
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Telephone |
79433000 |
Activities
|
Activity Code |
Activity Description |
|
464210 |
Wholesale of clothing |
|
477110 |
Retail sale of clothing |
Email
Addresses
Web
Pages
Previous
Names
Previous Name
4 You A/S
Blend A/S
Blue Goose A/S
Employee
Information
|
Year |
Number of Employees |
|
2014 |
214 |
|
2013 |
248 |
|
2012 |
277 |
Real
Estate
Real Estate No
Other
Trading Names
|
Type |
Name |
|
Business name |
B-Young A/S |
|
Business name |
B.G. A/S |
|
Business name |
Blend A/S |
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Business name |
Blend Of America A/S |
|
Business name |
Blue Goose A/S |
|
Business name |
Dranella A/S |
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Business name |
Fransa Company A/S |
|
Business name |
Visage A/S |
Global
Trading Information
|
Export |
Worldwide |
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Import |
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Other
Information
|
Type |
Text |
|
No. of employees |
According to information from the business the number of employees is
220. |
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Historical data |
The company was formed in 1985 under the name of 4 You A/S, but in
1987 it changed its name to the present one. |
|
|
Text |
|
Historical data |
The company has per 2008 transferred some of its former activities to
BTX Footwear A/S (CVR 10798876). |
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Historical data |
The company merged on 27-02-2013 with B-Young A/S (CVR 15166436), the
registered company being the continuing one. |
|
Historical data |
The company merged on 27-02-2013 with Fransa Company A/S (CVR
10362032), the registered company being the continuing |
|
|
one. |
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Capital conditions |
fully paid up |
Negative
Information
|
Event Date |
Detail |
Current Status |
Date Completed |
Additional Information |
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2014-09-12 |
Mortgage on |
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other assets |
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2014-09-12 |
Mortgage on |
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other assets |
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2014-09-11 |
Mortgage on |
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other assets |
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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 |
Profit
and Loss
|
Financial Year |
2014 |
2013 |
2012 |
|
Number of Weeks |
52 |
52 |
52 |
|
Currency |
DKK |
DKK |
DKK |
|
Revenue |
674.578.000 |
683.811.000 |
739.909.000 |
|
Operating Profit |
23.872.000 |
32.344.000 |
-6.249.000 |
|
Retained Profit |
21.285.000 |
24.554.000 |
-17.227.000 |
Balance
Sheet
|
Financial Year |
2014 |
2013 |
2012 |
|
Number of Weeks |
52 |
52 |
52 |
|
Currency |
DKK |
DKK |
DKK |
|
Land & Buildings |
- |
|
|
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Plant & Machinery |
- |
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TOTAL ASSETS |
234.253.000 |
222.529.000 |
286.881.000 |
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Other Reserves |
66.875.000 |
67.931.000 |
44.083.000 |
Share
Capital Structure
|
Nominal Share Capital |
8.550.000 DKK |
Shareholders
|
Shareholder |
Address |
% Shares Held |
|
DK Company A/S |
La Cours Vej 6 Ikast 7430 DNK |
100 |
Current
Directors
|
Name |
Appointment Date |
Position |
|
Kasper Philipsen |
01/04/2014 |
General manager |
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Jens Poulsen |
02/07/2012 |
Chairman |
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Jens Obel Jørgensen |
02/07/2012 |
Member of the board |
|
Søren Bak Lauritsen |
02/07/2012 |
Member of the board |
|
Kasper Philipsen |
02/07/2012 |
Member of the board |
|
Bo Holberg |
25/02/2013 |
Finance |
|
Kim Kristensen |
25/02/2013 |
Sales |
|
Jesper Skov |
10/03/2015 |
Sales |
|
Flemming Jensen |
10/03/2015 |
Sales |
|
Palle Rømer Pilgaard |
26/04/2006 |
Purchasing |
|
Jeannett Thistrup |
20/10/2015 |
Purchasing |
|
Dorthe Himmelstrup |
20/10/2015 |
Purchasing |
Ultimate
Holding Parent
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Ultimate Holding Company Name |
DK Company A/S |
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Ultimate Holding Company Country |
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Subsidiary
Companies
|
Subsidiary Name |
Country |
|
DK Company Sweden AB |
SWEDEN |
|
DK Company Málaga S.L. |
SPAIN |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.67.04 |
|
|
1 |
Rs.101.67 |
|
Euro |
1 |
Rs.73.93 |
|
DKK |
1 |
Rs.9.80 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
KIN |
|
|
|
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Report Prepared
by : |
ANK |
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 |
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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.