|
Report No. : |
307476 |
|
Report Date : |
10.02.2015 |
IDENTIFICATION DETAILS
|
Name : |
NORDIC SEAFOOD AS |
|
|
|
|
Formerly Known as : |
Danfish A/S |
|
|
|
|
Registered Office : |
Søren Nordbysvej 15, 9850 Hirtshals, Hjørring/Nordjylland |
|
|
|
|
Country : |
Denmark |
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
01.06.1987 |
|
|
|
|
Com. Reg. No.: |
11142141 |
|
|
|
|
Legal Form : |
Limited Company |
|
|
|
|
Line of Business : |
Wholesaler & distributor of Frozen Seafood products including Fish, Raw Prawns, Cooked Shellfish & Prawns, Squid, Fresh Fish as well as sushi. |
|
|
|
|
No of Employees : |
60 |
RATING & COMMENTS
|
MIRA’s Rating : |
A |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Good |
|
Payment Behaviour : |
Regular |
|
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 |
|
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 |
|
Identification -
company profile |
||||||
|
Company name |
Nordic Seafood A/S |
Phone-no. |
98941533 |
|||
|
Address |
Søren Nordbysvej 15 |
Fax |
98945233 |
|||
|
Postal code/city |
9850 Hirtshals |
Www |
||||
|
Municipality/County |
Hjørring/Nordjylland |
E-mail |
||||
|
KOB-no. |
48610 |
CVR-no. |
11142141 |
|||
|
Expanded
Identification - company profile |
||||||
|
Company name |
Nordic Seafood A/S |
Phone-no. |
98941533 |
|||
|
Address |
Søren Nordbysvej 15 |
Fax |
98945233 |
|||
|
Postal code/city |
9850
Hirtshals |
Www |
||||
|
Municipality/County |
Hjørring/Nordjylland |
E-mail |
||||
|
KOB-no. |
48610 |
CVR-no. |
11142141 |
|||
|
Employees |
60 |
|
|
|||
|
Legal form |
Limited company |
Company status |
Active |
|||
|
Established |
1988 |
|||||
|
Activity (trade) |
Wholesaler & distributor
of Frozen Seafood products
including Fish, Raw Prawns, Cooked Shellfish & Prawns, Squid, Fresh Fish
as well as sushi. |
|||||
|
Former names |
Danfish
A/S |
|||||
|
Management |
|
|
Management |
Alex Lynnerup Jensen, General manager (Joined before 1994) Carl Mouritz Højrup, General manager (Joined - 5. October 2004) Lars Hermes Olsen, General manager (Joined - 3. May 2006) |
|
Board
members |
Hosomi Norio, Chairman (Joined - 2. January 2014) Hisami Sakai, Member of the board (Joined - 6. June 2013) Daniel Rivera, Member of the board (Joined - 20. September 2010) Tatsuo Ishii, Member of the board (Joined - 24. March 2011) Steven Arnold Young, Member of the board (Joined - 5. September 2014) |
|
Divisional
managers |
Carl Mouritz Højrup , Finance Lars Hermes Olsen , Sales Louis Schröder , IT Sten Sørensen , Production Knud Erik Kristensen , Production Louis Schröder , Internet Elisabeth Hebo , Internet |
Mortgage on property No
|
Shareholder |
Nippon Suisan (Europe) BV (NLD) (>5%) |
|
|
Sealord Group Limited (NZL) (>5%) |
|
|
UniSea Inc. (USA) (>5%) |
|
|
Emprese Pesquera de la Patagonia y Anartida S.A. (ARG) (>5%) |
|
Shareholder |
Nordlab A/S (>5%) |
|
|
P/F Vestmanna Seafood (>5%) |
Payment remarks No
Payments pattern compared to other Danish businesses (days beyond terms).
The graph shows how many days beyond terms the business has settled accounts reported to KOB and how many days beyond terms other businesses on average settle their accounts.
The graph also shows the development in payment performance in the last 24 months (0-3 months) (0-24 months) from time of measurement.
On the basis of the above it is now possible to see whether the business is beginning to settle invoices earlier or later.
Payment performance broken down on time.
The graph shows as a percent how many invoices reported to KOB that the company settled on time (0 days) and how many it settled beyond due date.
The graph also shows the development in the past 24 months (0-12 months) (0-24 months) from time of measurement, and it will thus appear whether the business is beginning to settle accounts earlier or later.
The graph shows as a percent how many of the accounts reported to KOB that the company has settled on time (0 days) and how many it settled beyond due date. Data on size of invoice will also show whether the company settles large or small invoices early or late.
The graph shows as a percent how many of the accounts reported to KOB that the company has settled on time (0 days) and how many it settled beyond due date. Data on size of invoice will also show whether the company settles large or small invoices early or late.
The graph shows invoices reported in the last 12 months from time of measurement.
|
Export - Import |
|
|
Export areas |
Europe |
|
|
Scandinavia |
|
Import areas |
Worldwide |
|
Associated business |
Nordic Meeresfrüchte GmbH (DEU) (33%) |
|
|
Nordic Seafood Iceland ehf (ISL) (50%) |
|
Subsidiaries |
Nordic Frozen Food ApS (60%) |
|
|
Nordic Seafood Supply ApS (60%) |
|
|
Pesca Nordica ApS (60%) |
|
|
Nordic Seafood France SAS (FRA) (90%) |
|
|
Nordic Seafood UK Limited (GBR) (70%) |
|
|
J.P. Klausen & Co. A/S (100%) |
|
|
Nordic Seafood International ApS (100%) |
|
|
Nordic Seafood SEE d.o.o. (HRV) (80%) |
|
|
Retail Sale ApS (100%) |
|
|
Nordic Seafood Italy ApS (70%) |
|
|
Seafood Middle East FZC (ARE) (80%) |
|
|
J.P. Klausen Polska Sp. Z.o.o. (POL) (80%) |
|
Financial data |
|
|
Share
capital |
DKK 1.650.007,00 fully paid up |
|
Financial
period |
1. January - 31. December |
|
Account
change period |
1. May 2010 - 31. December 2010 |
|
Leasing
commitments |
In the financial statement of 2013 attention is drawn to leasing
commitments. |
|
Nomination |
All financial figures stated in DKK 1.000 Financial |
|
Financial year |
|||||
|
Published on |
2014-05-21 |
2013-06-11 |
2012-05-14 |
2011-05-24 |
2010-08-12 |
|
Closing date |
2013-12-31 |
2012-12-31 |
2011-12-31 |
2010-12-31 |
2010-04-30 |
|
No. of months |
12 |
12 |
12 |
8 |
12 |
|
Number of employees |
60 |
57 |
58 |
61 |
60 |
|
Profit and Loss
account |
|||||
|
Gross turnover |
N/A |
N/A |
N/A |
N/A |
N/A |
|
Charges |
N/A |
N/A |
N/A |
N/A |
N/A |
|
Turnover |
1.375.670 |
1.205.547 |
1.137.948 |
707.008 |
864.588 |
|
Change in stocks |
N/A |
N/A |
N/A |
N/A |
N/A |
|
Work for own account |
N/A |
N/A |
N/A |
N/A |
N/A |
|
Other oper. income |
N/A |
N/A |
N/A |
N/A |
N/A |
|
Trade consumption |
-1.289.173 |
-1.131.277 |
-1.059.139 |
-650.573 |
-779.194 |
|
External costs |
-19.548 |
-20.437 |
-19.614 |
-12.843 |
-17.913 |
|
Production costs |
N/A |
N/A |
N/A |
N/A |
N/A |
|
Gross profit |
66.949 |
53.833 |
59.195 |
43.592 |
67.481 |
|
Marketing costs |
N/A |
N/A |
N/A |
N/A |
N/A |
|
Administration costs |
N/A |
N/A |
N/A |
N/A |
N/A |
|
RogD-costs |
N/A |
N/A |
N/A |
N/A |
N/A |
|
Personnel costs (A) |
-34.391 |
-30.693 |
-28.900 |
-18.616 |
-22.839 |
|
Personnel costs (N) |
N/A |
N/A |
N/A |
N/A |
N/A |
|
Personnel costs |
-34.391 |
-30.693 |
-28.900 |
-18.616 |
-22.839 |
|
Depreciation (acc.) |
-3.486 |
-3.974 |
-3.601 |
-2.668 |
-4.031 |
|
Depreciation (note) |
N/A |
-4.108 |
N/A |
N/A |
N/A |
|
Depreciation |
-3.486 |
-4.108 |
-3.601 |
-2.668 |
-4.031 |
|
Other operat. costs |
N/A |
N/A |
N/A |
N/A |
N/A |
|
Other income |
N/A |
N/A |
N/A |
N/A |
N/A |
|
Operating profit |
29.072 |
19.166 |
26.694 |
22.308 |
40.611 |
|
Financing income |
237 |
445 |
83 |
558 |
1.939 |
|
Financing costs |
-2.622 |
-4.214 |
-5.187 |
-3.055 |
-4.515 |
|
Income from shares |
20.447 |
15.466 |
19.258 |
14.099 |
7.115 |
|
Income other shares |
N/A |
N/A |
0 |
1.331 |
0 |
|
Other fin. income |
N/A |
N/A |
N/A |
N/A |
N/A |
|
Amort. fin. assets |
N/A |
N/A |
N/A |
N/A |
N/A |
|
Other financial cost |
N/A |
N/A |
N/A |
N/A |
N/A |
|
Financial items |
N/A |
N/A |
N/A |
N/A |
N/A |
|
Financial income |
20.684 |
15.911 |
19.341 |
15.988 |
9.054 |
|
Financial expenses |
-2.622 |
-4.214 |
-5.187 |
-3.055 |
-4.515 |
|
Financial items net |
18.062 |
11.697 |
14.154 |
12.933 |
4.539 |
|
Secondary Items |
N/A |
N/A |
N/A |
N/A |
N/A |
|
Ordinary result |
47.134 |
30.863 |
40.848 |
35.241 |
45.150 |
|
Extraord. income |
N/A |
N/A |
N/A |
N/A |
N/A |
|
Extraord. costs |
N/A |
N/A |
N/A |
N/A |
N/A |
|
Extraord. result |
N/A |
N/A |
N/A |
N/A |
N/A |
|
Extraordinary items |
N/A |
N/A |
N/A |
N/A |
N/A |
|
Pre-tax profit |
47.134 |
30.863 |
40.848 |
35.241 |
45.150 |
|
Tax o.ext.ord.result |
N/A |
N/A |
N/A |
N/A |
N/A |
|
Tax on annual result |
-6.983 |
-3.707 |
-5.394 |
-4.834 |
-9.527 |
|
Other fiscal |
N/A |
N/A |
N/A |
N/A |
N/A |
|
Tax-regulation |
N/A |
N/A |
N/A |
N/A |
N/A |
|
Annual result |
40.151 |
27.156 |
35.454 |
30.407 |
35.623 |
|
Min.int.share res. |
N/A |
0 |
0 |
0 |
0 |
|
Res.af.min.int.share |
40.151 |
27.156 |
35.454 |
30.407 |
35.623 |
|
Dividend of result |
10.000 |
13.000 |
20.000 |
0 |
39.000 |
|
Assets |
2013 |
2012 |
2011 |
10/10 |
09/10 |
|
Goodwill |
0 |
0 |
0 |
0 |
0 |
|
Developing project |
N/A |
N/A |
N/A |
N/A |
N/A |
|
Patents/other rights |
992 |
799 |
1.653 |
1.530 |
1.877 |
|
Other intang.assets |
N/A |
N/A |
N/A |
N/A |
N/A |
|
Intang. fix. assets |
992 |
799 |
1.653 |
1.530 |
1.877 |
|
Land and buildings |
17.934 |
19.072 |
20.375 |
21.620 |
22.388 |
|
Plant, machinery etc |
5.053 |
6.529 |
6.894 |
6.785 |
8.140 |
|
Assets under constr. |
N/A |
N/A |
N/A |
N/A |
N/A |
|
Other tangib.assets |
N/A |
N/A |
N/A |
N/A |
N/A |
|
Tang. fixed assets |
22.987 |
25.601 |
27.269 |
28.405 |
30.528 |
|
Participating invest |
84.697 |
75.715 |
70.635 |
62.395 |
54.132 |
|
Other investments |
N/A |
N/A |
N/A |
N/A |
N/A |
|
Receivables in group |
N/A |
N/A |
N/A |
N/A |
N/A |
|
Oth.fin. receivables |
N/A |
N/A |
N/A |
N/A |
N/A |
|
Own shares |
N/A |
N/A |
N/A |
N/A |
N/A |
|
Other fin. assets |
N/A |
N/A |
N/A |
N/A |
N/A |
|
Fin. fixed assets |
84.697 |
75.715 |
70.635 |
62.395 |
54.132 |
|
Fixed assets |
108.676 |
102.115 |
99.557 |
92.330 |
86.537 |
|
Inventories |
278.369 |
214.504 |
231.468 |
190.596 |
97.114 |
|
Work in progress |
N/A |
N/A |
N/A |
N/A |
N/A |
|
Work in progr. gross |
N/A |
N/A |
N/A |
N/A |
N/A |
|
Property for sale |
N/A |
N/A |
N/A |
N/A |
N/A |
|
Debtors |
202.052 |
184.703 |
158.298 |
150.101 |
136.843 |
|
Receivables in group |
1.523 |
1.116 |
12.306 |
1.147 |
1.037 |
|
Receivables fr.owner |
N/A |
N/A |
N/A |
N/A |
N/A |
|
Other receivables |
6.050 |
23.182 |
14.498 |
1.144 |
2.986 |
|
Pre-paym/accrued inc |
1.950 |
1.766 |
784 |
1.352 |
577 |
|
Securities |
65 |
65 |
65 |
65 |
65 |
|
Cash in hand/bank |
70 |
102 |
72.354 |
90.995 |
78.961 |
|
Other current assets |
N/A |
N/A |
N/A |
N/A |
N/A |
|
Current assets |
490.079 |
425.438 |
489.773 |
435.400 |
317.583 |
|
Balance |
2013 |
2012 |
2011 |
10/10 |
09/10 |
|
Balance |
598.755 |
527.553 |
589.330 |
527.730 |
404.120 |
|
Liabilities |
2013 |
2012 |
2011 |
10/10 |
09/10 |
|
Share capital |
1.650 |
1.650 |
1.650 |
1.650 |
1.650 |
|
Revaluation reserves |
N/A |
N/A |
N/A |
N/A |
N/A |
|
Transferred result |
140.235 |
119.023 |
97.059 |
87.731 |
79.087 |
|
Expected dividend |
10.000 |
13.000 |
20.000 |
0 |
39.000 |
|
Other reserve |
27.265 |
19.151 |
29.707 |
21.368 |
14.473 |
|
Premium on issue |
N/A |
N/A |
N/A |
N/A |
N/A |
|
Own share of equity |
179.150 |
152.824 |
148.416 |
110.749 |
134.210 |
|
Min. interests share |
0 |
0 |
0 |
0 |
0 |
|
Equity |
179.150 |
152.824 |
148.416 |
110.749 |
134.210 |
|
Deferred tax |
1.017 |
987 |
511 |
186 |
831 |
|
Pensions |
N/A |
N/A |
N/A |
N/A |
N/A |
|
Other provisions |
150 |
664 |
1.631 |
N/A |
N/A |
|
Provisions |
1.167 |
1.651 |
2.142 |
186 |
831 |
|
Subord.loan cap. UDW |
N/A |
N/A |
N/A |
N/A |
N/A |
|
Subord.loan capital |
N/A |
N/A |
N/A |
N/A |
N/A |
|
Subord.loan capital |
N/A |
N/A |
N/A |
N/A |
N/A |
|
Lt.debt to creditins |
7.600 |
8.400 |
9.200 |
10.000 |
11.400 |
|
Mortgage debt |
8.400 |
9.200 |
10.000 |
11.800 |
13.200 |
|
Lt. bank debt |
N/A |
N/A |
N/A |
N/A |
N/A |
|
Lt. debt to group |
N/A |
N/A |
N/A |
N/A |
N/A |
|
Lt. debt to owner |
N/A |
N/A |
N/A |
N/A |
N/A |
|
Other long-term debt |
0 |
0 |
0 |
0 |
0 |
|
Long-term liab. |
7.600 |
8.400 |
9.200 |
10.000 |
11.400 |
|
Cur.liab.to creditin |
800 |
800 |
800 |
1.800 |
1.800 |
|
Current bank debt |
257.555 |
258.281 |
313.172 |
279.058 |
142.230 |
|
Cur.liab. to group |
34.389 |
25.255 |
18.631 |
15.865 |
19.354 |
|
Cur.liab. to owner |
N/A |
N/A |
N/A |
N/A |
N/A |
|
Creditors |
78.258 |
56.050 |
62.626 |
80.888 |
68.865 |
|
Company tax |
0 |
0 |
0 |
5.656 |
7.513 |
|
Dividend |
N/A |
N/A |
N/A |
N/A |
N/A |
|
Dividends |
10.000 |
13.000 |
20.000 |
0 |
39.000 |
|
Prepayment |
0 |
0 |
N/A |
N/A |
N/A |
|
On acc.work in progr |
N/A |
N/A |
N/A |
N/A |
N/A |
|
On acc.work prog. gr. |
N/A |
N/A |
N/A |
N/A |
N/A |
|
Other debt |
39.836 |
24.292 |
34.343 |
22.485 |
16.533 |
|
Pre-paym/accrued inc |
N/A |
N/A |
N/A |
N/A |
N/A |
|
Oth.cur. liabilities |
0 |
0 |
0 |
1.043 |
1.384 |
|
Short-term liab. |
410.838 |
364.678 |
429.572 |
406.795 |
257.679 |
|
Balance |
2013 |
2012 |
2011 |
10/10 |
09/10 |
|
Total liabilities |
598.755 |
527.553 |
589.330 |
527.730 |
404.120 |
|
Property |
2013 |
2012
|
2011 |
10/10 |
09/10 |
|
Off. ratable value |
N/A |
N/A |
N/A |
N/A |
N/A |
|
Assessment date |
N/A |
N/A |
N/A |
N/A |
N/A |
|
Ratios |
2013 |
2012 |
2011 |
10/10 |
09/10 |
|
Turnover/Employee |
22.928 |
21.150 |
19.620 |
11.590 |
14.410 |
|
Oper.Profit/Employee |
485 |
336 |
460 |
366 |
677 |
|
Ord. Res./Employee |
786 |
541 |
704 |
578 |
753 |
|
Ann. Res./Employee |
786 |
541 |
704 |
578 |
753 |
|
Fixed assets/Empl. |
1.811 |
1.791 |
1.717 |
1.514 |
1.442 |
|
Pers. costs/Employee |
-573 |
-538 |
-498 |
-305 |
-381 |
|
Contribution ratio |
4,87 |
4,47 |
5,20 |
6,17 |
7,80 |
|
Net profit ratio |
2,11 |
1,59 |
2,35 |
3,16 |
4,70 |
|
Capacity ratio |
1,77 |
1,55 |
1,82 |
2,05 |
2,51 |
|
Return on investment |
4,86 |
3,63 |
4,53 |
4,23 |
10,05 |
|
Operational leverage |
2,30 |
2,81 |
2,22 |
1,95 |
1,66 |
|
Wage ratio |
51,37 |
57,02 |
48,82 |
42,71 |
33,85 |
|
Stock turnover |
4,94 |
5,62 |
4,92 |
3,71 |
8,90 |
|
Asset turnover |
2,30 |
2,29 |
1,93 |
1,34 |
2,14 |
|
Debtors credittime |
42,89 |
44,74 |
40,62 |
61,99 |
46,22 |
|
Credittime creditors |
16,61 |
13,58 |
16,07 |
33,41 |
23,26 |
|
Acid test ratio I |
119,29 |
116,66 |
114,01 |
107,03 |
123,25 |
|
Acid test ratio II |
51,53 |
57,84 |
60,13 |
60,18 |
85,56 |
|
Solvency ratio |
29,92 |
28,97 |
25,18 |
20,99 |
33,21 |
|
Return on equity I |
26,31 |
20,20 |
27,52 |
31,82 |
33,64 |
|
Return on equity II |
26,31 |
20,20 |
27,52 |
31,82 |
33,64 |
|
Zero turnover |
778.298 |
776.340 |
624.790 |
345.200 |
344.267 |
|
Margin of safety |
43,42 |
35,60 |
45,10 |
51,17 |
60,18 |
|
Capital ratio |
108,58 |
92,62 |
89,95 |
67,12 |
81,34 |
|
Intrinsic value |
9999,99 |
9262,06 |
8994,91 |
6712,06 |
8133,94 |
|
Appendix 1 - Consolidated financial statement |
|
|
Nomination |
All financial figures stated in DKK 1.000 |
|
Financial year |
2013 |
2012 |
2011 |
|
09/10 |
|
Published on |
2014-05-21 |
2013-06-11 |
2012-05-14 |
2011-05-24 |
2010-08-12 |
|
Closing date |
2013-12-31 |
2012-12-31 |
2011-12-31 |
2010-12-31 |
2010-04-30 |
|
No. of months Number of employees |
12 |
12 |
12 |
8 |
12 |
|
Profit and Loss
account |
|||||||
|
Gross turnover |
N/A |
N/A |
N/A |
N/A |
N/A |
||
|
Charges |
N/A |
N/A |
N/A |
N/A |
N/A |
||
|
Turnover |
2.602.843 |
2.229.342 |
2.446.795 |
1.622.376 |
1.648.053 |
||
|
Change in stocks |
N/A |
N/A |
N/A |
N/A |
N/A |
||
|
Work for own account |
N/A |
N/A |
N/A |
N/A |
N/A |
||
|
Other oper. income |
N/A |
N/A |
N/A |
N/A |
N/A |
||
|
Trade consumption |
-2.418.064 |
-2.076.659 |
-2.276.656 |
-1.509.441 |
-1.501.550 |
||
|
External costs |
-44.225 |
-41.499 |
-43.138 |
-28.255 |
-41.137 |
||
|
Production costs |
N/A |
N/A |
N/A |
N/A |
N/A |
||
|
Gross profit |
140.554 |
111.184 |
127.001 |
84.680 |
105.366 |
||
|
Marketing costs |
N/A |
N/A |
N/A |
N/A |
N/A |
||
|
Administration costs |
N/A |
N/A |
N/A |
N/A |
N/A |
||
|
RogD-costs |
N/A |
N/A |
N/A |
N/A |
N/A |
||
|
Personnel costs (A) |
-65.226 |
-56.583 |
-57.180 |
-33.341 |
-42.376 |
||
|
Personnel costs (N) |
N/A |
N/A |
N/A |
N/A |
N/A |
||
|
Personnel costs |
-65.226 |
-56.583 |
-57.180 |
-33.341 |
-42.376 |
||
|
Depreciation (acc.) |
-9.462 |
-7.264 |
-6.866 |
-4.860 |
-7.512 |
||
|
Depreciation (note) |
N/A |
-7.430 |
N/A |
N/A |
N/A |
||
|
Depreciation |
-9.462 |
-7.430 |
-6.866 |
-4.860 |
-7.512 |
||
|
Other operat. costs |
N/A |
N/A |
N/A |
N/A |
N/A |
||
|
Other income |
N/A |
N/A |
N/A |
N/A |
N/A |
||
|
Operating profit |
65.866 |
47.337 |
62.955 |
46.479 |
55.478 |
||
|
Financing income |
601 |
1.084 |
791 |
80 |
711 |
||
|
Financing costs |
-7.323 |
-9.342 |
-12.918 |
-5.110 |
-7.082 |
||
|
Income from shares |
955 |
1.187 |
1.350 |
1.331 |
929 |
||
|
Income other shares |
N/A |
N/A |
359 |
856 |
2.113 |
||
|
Other fin. income |
N/A |
N/A |
N/A |
N/A |
N/A |
||
|
Amort. fin. assets |
N/A |
N/A |
N/A |
N/A |
N/A |
||
|
Other financial cost |
N/A |
N/A |
N/A |
N/A |
N/A |
||
|
Financial items |
N/A |
N/A |
N/A |
N/A |
N/A |
||
|
Financial income |
1.556 |
2.271 |
2.500 |
2.267 |
3.753 |
||
|
Financial expenses |
-7.323 |
-9.342 |
-12.918 |
-5.110 |
-7.082 |
||
|
Financial items net |
-5.767 |
-7.071 |
-10.418 |
-2.843 |
-3.329 |
||
|
Secondary Items |
N/A |
N/A |
N/A |
N/A |
N/A |
||
|
Ordinary result |
60.099 |
40.266 |
52.537 |
43.636 |
52.149 |
||
|
Extraord. income |
N/A |
N/A |
N/A |
N/A |
N/A |
||
|
Extraord. costs |
N/A |
N/A |
N/A |
N/A |
N/A |
||
|
Extraord. result |
N/A |
N/A |
N/A |
N/A |
N/A |
||
|
Extraordinary items |
N/A |
N/A |
N/A |
N/A |
N/A |
||
|
Pre-tax profit |
60.099 |
40.266 |
52.537 |
43.636 |
52.149 |
||
|
Tax o.ext.ord.result |
N/A |
N/A |
N/A |
N/A |
N/A |
||
|
Tax on annual result |
-14.310 |
-10.128 |
-13.949 |
-10.803 |
-13.149 |
||
|
Other fiscal |
N/A |
N/A |
N/A |
N/A |
N/A |
||
|
Tax-regulation |
N/A |
N/A |
N/A |
N/A |
N/A |
||
|
Annual result |
45.789 |
30.138 |
38.588 |
32.833 |
39.000 |
||
|
Min.int.share res. |
-5.638 |
-2.982 |
-3.134 |
-2.426 |
-3.377 |
||
|
Res.af.min.int.share |
40.151 |
27.156 |
35.454 |
30.407 |
35.623 |
||
|
Dividend of result |
N/A |
0 |
0 |
0 |
0 |
||
|
Assets |
2013 |
2012 |
2011 |
10/10 |
09/10 |
|
Goodwill |
12.261 |
17.208 |
11.757
|
14.370 |
16.112 |
|
Developing project |
N/A |
N/A |
N/A |
N/A |
N/A |
|
Patents/other rights |
992 |
799 |
1.653 |
1.530 |
1.877 |
|
Other intang.assets |
N/A |
N/A |
N/A |
N/A |
N/A |
|
Intang. fix. assets |
13.253 |
18.007 |
13.410 |
15.900 |
17.989 |
|
Land and buildings |
17.934 |
19.072 |
20.375 |
21.620 |
22.388 |
|
Plant, machinery etc |
8.806 |
8.851 |
8.790 |
8.625 |
9.981 |
|
Assets under constr. |
N/A |
N/A |
N/A |
N/A |
N/A |
|
Other tangib.assets |
N/A |
N/A |
N/A |
N/A |
N/A |
|
Tang. fixed assets |
26.740 |
27.923 |
29.165 |
30.245 |
32.369 |
|
Participating invest |
3.648 |
3.720 |
2.610 |
1.907 |
847 |
|
Other investments |
N/A |
N/A |
N/A |
N/A |
N/A |
|
Receivables in group |
N/A |
N/A |
N/A |
N/A |
N/A |
|
Oth.fin. receivables |
N/A |
N/A |
N/A |
N/A |
N/A |
|
Own shares |
N/A |
N/A |
N/A |
N/A |
N/A |
|
Other fin. assets |
N/A |
N/A |
N/A |
N/A |
N/A |
|
Fin. fixed assets |
3.648 |
3.720 |
2.610 |
1.907 |
847 |
|
Fixed assets |
43.641 |
49.650 |
45.185 |
48.052 |
51.205 |
|
Inventories |
399.088 |
303.117 |
314.403 |
274.360 |
162.050 |
|
Work in progress |
N/A |
N/A |
N/A |
N/A |
N/A |
|
Work in progr. gross |
N/A |
N/A |
N/A |
N/A |
N/A |
|
Property for sale |
N/A |
N/A |
N/A |
N/A |
N/A |
|
Debtors |
370.084 |
318.791 |
314.387 |
281.831 |
247.136 |
|
Receivables in group |
66 |
48 |
0 |
775 |
351 |
|
Receivables fr.owner |
N/A |
N/A |
N/A |
N/A |
N/A |
|
Other receivables |
6.530 |
21.639 |
6.907 |
5.873 |
9.209 |
|
Pre-paym/accrued inc |
2.580 |
2.683 |
1.870 |
1.961 |
898 |
|
Securities |
5.650 |
7.329 |
12.506 |
15.157 |
17.648 |
|
Cash in hand/bank |
22.841 |
11.961 |
20.385 |
13.073 |
7.573 |
|
Other current assets |
N/A |
N/A |
N/A |
N/A |
N/A |
|
Current assets |
806.839 |
665.568 |
670.458 |
593.030 |
444.865 |
|
Balance |
2013 |
2012 |
2011 |
10/10 |
09/10 |
|
Balance |
850.480 |
715.218 |
715.643 |
641.082 |
496.070 |
|
Liabilities |
2013 |
2012 |
2011 |
10/10 |
09/10 |
|
Share capital |
1.650 |
1.650 |
1.650
|
1.650 |
1.650 |
|
Revaluation reserves |
N/A |
N/A |
N/A |
N/A |
N/A |
|
Transferred result |
169.322 |
139.929 |
125.794 |
110.257 |
93.560 |
|
Expected dividend |
10.000 |
13.000 |
20.000 |
0 |
39.000 |
|
Other reserve |
-1.822 |
-1.755 |
972 |
-1.158 |
0 |
|
Premium on issue |
N/A |
N/A |
N/A |
N/A |
N/A |
|
Own share of equity |
179.150 |
152.824 |
148.416 |
110.749 |
134.210 |
|
Min. interests share |
19.864 |
16.659 |
15.469 |
13.743 |
13.832 |
|
Equity |
199.014 |
169.483 |
163.885 |
124.492 |
148.042 |
|
Deferred tax |
1.080 |
1.055 |
231 |
N/A |
636 |
|
Pensions |
N/A |
N/A |
N/A |
N/A |
N/A |
|
Other provisions |
0 |
0 |
0 |
N/A |
N/A |
|
Provisions |
1.080 |
1.055 |
231 |
0 |
636 |
|
Subord.loan cap. UDW |
N/A |
N/A |
N/A |
N/A |
N/A |
|
Subord.loan capital |
N/A |
N/A |
N/A |
N/A |
N/A |
|
Subord.loan capital |
N/A |
N/A |
N/A |
N/A |
N/A |
|
Lt.debt to creditins |
7.600 |
8.400 |
9.200 |
10.000 |
11.400 |
|
Mortgage debt |
8.400 |
9.200 |
10.000 |
11.800 |
13.200 |
|
Lt. bank debt |
N/A |
N/A |
N/A |
N/A |
N/A |
|
Lt. debt to group |
0 |
45 |
45 |
45 |
0 |
|
Lt. debt to owner |
N/A |
N/A |
N/A |
N/A |
N/A |
|
Other long-term debt |
0 |
0 |
N/A |
0 |
0 |
|
Long-term liab. |
7.600 |
8.445 |
9.245 |
10.045 |
11.400 |
|
Cur.liab.to creditin |
800 |
800 |
800 |
1.800 |
1.800 |
|
Current bank debt |
371.893 |
372.561 |
356.557 |
295.179 |
144.316 |
|
Cur.liab. to group |
3.148 |
1.846 |
2.787 |
1.339 |
2.043 |
|
Cur.liab. to owner |
N/A |
N/A |
N/A |
N/A |
N/A |
|
Creditors |
210.262 |
123.654 |
133.956 |
153.597 |
144.417 |
|
Company tax |
0 |
0 |
3.526 |
12.612 |
11.248 |
|
Dividend |
N/A |
N/A |
N/A |
N/A |
N/A |
|
Dividends |
10.000 |
13.000 |
20.000 |
0 |
39.000 |
|
Prepayment |
3.412 |
3.045 |
3.800 |
10.661 |
3.216 |
|
On acc.work in progr |
N/A |
N/A |
N/A |
N/A |
N/A |
|
On acc.work prog. gr. |
N/A |
N/A |
N/A |
N/A |
N/A |
|
Other debt |
53.271 |
34.329 |
40.856 |
30.314 |
27.568 |
|
Pre-paym/accrued inc |
N/A |
N/A |
N/A |
N/A |
N/A |
|
Oth.cur. liabilities |
0 |
0 |
N/A |
1.043 |
1.384 |
|
Short-term liab. |
642.786 |
536.235
|
542.282 |
506.545 |
335.992 |
|
Balance |
2013 |
2012 |
2011 |
10/10 |
09/10 |
|
Total liabilities |
850.480 |
715.218 |
715.643 |
641.082 |
496.070 |
|
Property |
2013 |
2012 |
2011 |
10/10 |
09/10 |
|
Off. ratable value |
N/A |
N/A |
N/A |
N/A |
N/A |
|
Assessment date |
N/A |
N/A |
N/A |
N/A |
N/A |
|
Property |
|
|
Property |
Yes |
|
Advisors |
|
|
Bankers |
REG-no.:
3224 |
|
|
Danske Bank,
Svendborg Afdeling |
|
|
Møllergade
2, Postbox 30, 5700 Svendborg |
|
|
45 12 50
80 |
|
|
REG-no.:
9380 |
|
|
Spar Nord
Bank A/S, |
|
|
Skelagervej
15, Postboks 162, 9100 Aalborg |
|
|
96 34 40
00 |
|
Insurance |
Codan
Forsikring A/S |
|
Auditor(s) |
Pricewaterhousecoopers
Statsautoriseret Revisions P/S - (25. |
|
Established |
1988 |
|
Foundation
date |
1. June 1987 |
|
Date of
registration |
6. October 1987 |
|
Date Art.
of assoc. |
21. October 2010 |
|
Capital
history |
On 10. September 2010 the capital was increased by cash payment by DKK 1 at price 30000000,00 to a total of DKK 1.650.007. On 31. August 2010 the capital was increased by cash payment by DKK 6 at price 30000000,00 to a total of DKK 1.650.006. |
|
Account change
period |
1. May 2010 - 31. December 2010 |
|
Board
history |
Naoya Kakizoe, Chairman (Resigned 2. January 2014) Lars Hermes Olsen, Member of the board (Resigned 7. September 2010) Jens Peter Klausen, Member of the board (Resigned 7. September 2010) Jason Douglas Plato, Member of the board (Resigned 7. September 2010) Yasuhide Ishikawa, Member of the board (Resigned 24. March 2011) Fujiro Kamio, Member of the board (Resigned 24. March 2011) Katsunori Sasao, Member of the board (Resigned 1. June 2011) Jonathan Peter Safey, Member of the board (Resigned 6. June 2013) Volker Kuntzsch, Member of the board (Resigned 26. September 2013) Graham Robert Stuart, Member of the board (Resigned 5. September 2014) Terry Edward Shaff, Member of the board (Resigned 2. Feburary 2015) |
|
Auditor(s) |
PriceWaterhouseCoopers Services Statsautoriseret Revisions A/S - (7.
September 2010 - 14. September 2011) Pricewaterhousecoopers Statsautoriseret Revisions P/S - (14. September
2011 - 23. September 2011) PriceWaterhouseCoopers Services Statsautoriseret Revisions A/S - (23.
September 2011 - 25. October 2011) |
|
Below you
will find a presentation of the registered events for the company for the
latest six months, a maximum of 25 events are shown. |
|
|
2. February 2015 |
Resigned
as Member of the board: Terry Edward Shaff. |
|
1. November 2014 |
Credit
rating changed from 96 to 100. |
|
8. October 2014 |
Added as
Sales: Lars Hermes Olsen. |
|
8. October 2014 |
Ownership
added: Subsidiaries J.P. Klausen Polska Sp. Z.o.o.. |
|
8. October 2014 |
Ownership
added: Subsidiaries Seafood Middle East FZC. |
|
8. October 2014 |
Ownershare
changed from 100 to 90 on Nordic Seafood France SAS. |
|
5. September 2014 |
Resigned
as Member of the board: Graham Robert Stuart. |
|
5. September 2014 |
Joined as
Member of the board: Steven Arnold Young. |
|
Confidential
and without responsibility |
|
|
About the
data |
Rating,
Commercial Delphi Score and Credit Limit are stated by us without responsibility
on the basis of an assessment of the information available to us at the time
of the enquiry. The RKI- register has only been checked in relation to the
Commercial Delphi Score. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.14 |
|
UK Pound |
1 |
Rs.94.79 |
|
Euro |
1 |
Rs.70.38 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
MNL |
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.