MIRA INFORM REPORT

 

 

Report No. :

309564

Report Date :

27.02.2015

 

IDENTIFICATION DETAILS

 

Name :

PINDSTRUP MOSEBRUG AS

 

 

Registered Office :

Fabriksvej 2, 8550 Ryomgård, Syddjurs/Midtjylland

 

 

Country :

Denmark

 

 

Financials (as on) :

14.02.2014

 

 

Date of Incorporation :

23.09.1948

 

 

Legal Form :

Limited Company

 

 

Line of Business :

·         Extraction of Peat.

·         Wholesale of Chemical Products.

 

 

No. of Employees :

75

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

 

Status :

Satisfactory

 

 

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 – 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

REGISTERED NAME & COMPANY SUMMARY

 

Identification - company profile

 

Company name

Pindstrup Mosebrug A/S

Phone-no.

89747489

Address

Fabriksvej 2

Fax

89747580

Postal code/city

8550 Ryomgård

Www

www.pindstrup.dk

Municipality/County

Syddjurs/Midtjylland

E-mail

pindstrup@pindstrup.dk

KOB-no.

213111

CVR-no.

11765912

 

 

DIRECTORS/MANAGEMENT

 

Management

 

Management

Jan Astrup, Managing director (Joined - 3. October 2012)

Board members

Niels Søe, Chairman (Joined - 14. Feburary 2013)
Christian Faurschou La Cour, Deputy Chairman (Joined before 1994)
Mogens Tordengård Jellesen, Member of the board (Joined before 1994)
Johannes Faurschou La Cour, Member of the board (Joined - 4. March 2008)
Frede Kjær, Member of the board (Joined - 4. March 2008)
Anette Skjøtt Danielsen, Elected by employees (Joined - 9. December 2014)

Divisional managers

Thomas Guldberg Hansen , Finance

 

 

NEGATIVE INFORMATION

 

No negative information found.

 

 

SHARE & SHARE CAPITAL INFORMATION

 

Share capital

DKK 8.280.000,00
fully paid up

 

Shareholder

Ellen Margrethe Stausholm (>5%)
Karen Margrethe Stausholm (>5%)
Niels Faurschou La Cour (>5%)
Elisabeth Rantzau (>5%)
Christian Faurschou La Cour (>5%)
Carl Frederik Faurschou La Cour (>5%)
Johannes Faurschou La Cour (>5%)

 

 

PAYMENT INFORMATION

 

Payment Pattern

 

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.

 

 

Export - Import

 

Export areas

Worldwide

Import areas

Europe

 

 

GROUP STRUCTURE & AFFILIATED COMPANIES

 

Associated business

A/S Langeskov Finerværk (26%)

Associated business

Estonia Peat Products Ltd (EST) (50%)

Subsidiaries

Anpartsselskabet af 20/02 1995 (100%)
Pindstrup Horticulture (Shanghai) Co. Ltd. (CHN) (100%)
Bulrush Horticulture Limited (GBR) (85%)
Pindstrup Mosebrug SAE (ESP) (100%)
A/S Dan-Est Timber (EST) (100%)
Balozi A/S (LVA) (95%)
SIA Pindstrup Latvia (LVA) (100%)
Pindstrup Inc (USA) (100%)
Pindstrup Rusland A/S (100%)

 

 

FINANCIAL INFORMATION

 

Financial period

1. October - 30. September

 

Leasing commitments

In the financial statement of 13/14 attention is drawn to leasing commitments.

 

 

Nomination

All financial figures stated in DKK 1.000

 

Financial year

13/14

12/13

11/12

10/11

09/10

Published on

2015-02-13

2014-02-14

2013-02-06

2012-02-21

2011-02-15

Closing date

2014-09-30

2013-09-30

2012-09-30

2011-09-30

2010-09-30

No. of months

12

12

12

12

12

Number of employees

75

80

79

79

81

 

 

Profit and Loss account

13/14

12/13

11/12

10/11

09/10

Gross turnover

N/A

N/A

N/A

N/A

N/A

Charges

N/A

N/A

N/A

N/A

N/A

Turnover

336.297

294.040

292.654

259.182

240.772

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

N/A

N/A

N/A

N/A

N/A

External costs

N/A

N/A

N/A

N/A

N/A

Production costs

-259.366

-226.259

-224.040

-195.457

-181.442

Gross profit

76.931

67.781

68.614

63.725

59.330

Marketing costs

-24.351

-26.574

-26.234

-25.083

-27.592

Administration costs

-23.342

-25.054

-26.989

-23.180

-23.389

RogD-costs

N/A

N/A

N/A

N/A

N/A

Personnel costs (A)

N/A

N/A

N/A

N/A

N/A

Personnel costs (N)

-44.615

-42.384

-44.434

-40.126

-42.788

Personnel costs

-44.615

-42.384

-44.434

-40.126

-42.788

Depreciation (acc.)

N/A

N/A

N/A

N/A

N/A

Depreciation (note)

-5.022

-5.010

-5.954

-5.866

-5.599

Depreciation

-5.022

-5.010

-5.954

-5.866

-5.599

Other operat. costs

-155

-273

-134

-1.703

-1.511

Other income

N/A

N/A

N/A

1.391

974

Operating profit

29.083

15.880

15.257

15.150

7.812

Financing income

2.936

832

969

751

1.160

Financing costs

-4.782

-3.949

-4.482

-5.223

-6.054

Income from shares

46.882

30.344

36.739

20.529

24.265

Income other shares

N/A

N/A

N/A

N/A

N/A

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

49.818

31.176

37.708

21.280

25.425

Financial expenses

-4.782

-3.949

-4.482

-5.223

-6.054

Financial items net

45.036

27.227

33.226

16.057

19.371

Secondary Items

N/A

N/A

N/A

N/A

N/A

Ordinary result

74.119

43.107

48.483

31.207

27.183

Extraord. income

N/A

0

0

0

0

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

0

0

0

0

Pre-tax profit

74.119

43.107

48.483

31.207

27.183

Tax o.ext.ord.result

N/A

N/A

N/A

N/A

N/A

Tax on annual result

-9.913

-3.390

-2.971

-2.632

-199

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

64.206

39.717

45.512

28.575

26.984

Min.int.share res.

N/A

N/A

0

0

-936

Res.af.min.int.share

64.206

39.717

45.512

28.575

26.048

Dividend of result

21.528

13.248

16.560

8.280

8.280

Assets

13/14

12/13

11/12

10/11

09/10

Goodwill

0

N/A

N/A

N/A

N/A

Developing project

N/A

N/A

N/A

N/A

N/A

Patents/other rights

0

0

0

0

0

Other intang.assets

N/A

N/A

N/A

N/A

N/A

Intang. fix. assets

0

0

0

0

0

Land and buildings

27.503

27.568

29.071

30.057

30.825

Plant, machinery etc

11.996

11.706

9.879

10.905

11.369

Assets under constr.

947

1.214

400

873

1.368

Other tangib.assets

N/A

N/A

N/A

N/A

N/A

Tang. fixed assets

40.446

40.488

39.350

41.835

43.562

Participating invest

273.744

243.172

222.605

186.437

172.837

Other investments

N/A

N/A

0

10

10

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

273.744

243.172

222.605

186.447

172.847

Fixed assets

314.190

283.660

261.955

228.282

216.409

Inventories

35.500

36.601

29.735

28.366

30.490

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

76.817

63.526

60.232

55.425

51.338

Receivables in group

73.890

25.383

32.698

21.128

20.006

Receivables fr.owner

N/A

N/A

N/A

N/A

N/A

Other receivables

2.624

1.369

2.683

2.218

2.268

Pre-paym/accrued inc

2.389

1.677

2.269

2.063

2.708

Securities

N/A

N/A

N/A

N/A

0

Cash in hand/bank

922

1.011

462

846

682

Other current assets

N/A

N/A

N/A

N/A

N/A

Current assets

192.142

129.567

128.079

110.046

107.492

Balance

13/14

12/13

11/12

10/11

09/10

Balance

506.332

413.227

390.034

338.328

323.901

Liabilities

13/14

12/13

11/12

10/11

09/10

Share capital

8.280

8.280

8.280

8.280

8.280

Revaluation reserves

N/A

N/A

N/A

N/A

N/A

Transferred result

98.065

78.604

75.020

76.717

69.686

Expected dividend

21.528

13.248

16.560

8.280

8.280

Other reserve

154.630

131.934

111.373

75.271

61.935

Premium on issue

N/A

N/A

N/A

N/A

N/A

Own share of equity

282.503

232.066

211.233

168.548

148.181

Min. interests share

0

0

0

0

0

Equity

282.503

232.066

211.233

168.548

148.181

Deferred tax

2.012

1.947

1.892

-187

-2.986

Pensions

N/A

N/A

N/A

N/A

N/A

Other provisions

N/A

N/A

0

0

0

Provisions

2.012

1.947

1.892

-187

-2.986

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

N/A

N/A

N/A

N/A

N/A

Mortgage debt

N/A

N/A

N/A

N/A

N/A

Lt. bank debt

100.201

100.201

N/A

N/A

100.201

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

N/A

100.201

100.201

0

Long-term liab.

100.201

100.201

100.201

100.201

100.201

Cur.liab.to creditin

N/A

N/A

N/A

N/A

N/A

Current bank debt

63.698

25.147

43.965

44.901

29.186

Cur.liab. to group

23.397

28.518

1.633

1.729

10.328

Cur.liab. to owner

N/A

N/A

N/A

N/A

N/A

Creditors

11.915

7.662

10.301

8.630

10.375

Company tax

6.824

3.621

744

0

0

Dividend

N/A

N/A

N/A

N/A

N/A

Dividends

21.528

13.248

16.560

8.280

8.280

Prepayment

N/A

N/A

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

15.778

13.868

19.918

14.394

18.730

Pre-paym/accrued inc

4

197

147

112

248

Oth.cur. liabilities

0

N/A

0

0

9.638

Short-term liab.

121.616

79.013

76.708

69.766

78.505

Balance

13/14

12/13

11/12

10/11

09/10

Total liabilities

506.332

413.227

390.034

338.328

323.901

Property

13/14

12/13

11/12

10/11

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

13/14

12/13

11/12

10/11

09/10

Turnover/Employee

4.484

3.676

3.704

3.281

2.972

Oper.Profit/Employee

388

199

193

192

96

Ord. Res./Employee

988

539

614

395

336

Ann. Res./Employee

988

539

614

395

336

Fixed assets/Empl.

4.189

3.546

3.316

2.890

2.672

Pers. costs/Employee

-595

-530

-562

-508

-528

Contribution ratio

22,88

23,05

23,45

24,59

24,64

Net profit ratio

8,65

5,40

5,21

5,85

3,24

Capacity ratio

1,61

1,31

1,29

1,31

1,15

Return on investment

5,74

3,84

3,91

4,48

2,41

Operational leverage

2,65

4,27

4,50

4,21

7,59

Wage ratio

57,99

62,53

64,76

62,97

72,12

Stock turnover

9,47

8,03

9,84

9,14

7,90

Asset turnover

0,66

0,71

0,75

0,77

0,74

Debtors credittime

66,70

63,09

60,10

62,44

62,26

Credittime creditors

10,35

7,61

10,28

9,72

12,58

Acid test ratio I

157,99

163,98

166,97

157,74

136,92

Acid test ratio II

128,80

117,66

128,21

117,08

98,09

Solvency ratio

55,79

56,16

54,16

49,82

45,75

Return on equity I

26,24

18,58

22,95

18,52

18,34

Return on equity II

26,24

18,58

22,95

18,52

18,34

Zero turnover

209.163

225.151

227.579

197.564

209.069

Margin of safety

37,80

23,43

22,24

23,77

13,17

Capital ratio

34,12

28,03

25,51

20,36

17,90

Intrinsic value

3411,87

2802,73

2551,12

2035,60

1789,63

 

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.

18. Feburary 2015

Financial statement added: Financial year: 13/14, closing date: 2014-09-30.

9. December 2014

Resigned as Elected by employees: Henrik Ingerslev Mortensen.

9. December 2014

Joined as Elected by employees: Anette Skjoett Danielsen.

 

 

Appendix 1 - Consolidated financial statement

 

Nomination

All financial figures stated in DKK 1.000

 

Financial year

13/14

12/13

11/12

10/11

09/10

Published on

2015-02-13

2014-02-14

2013-02-06

2012-02-21

2011-02-15

Closing date

2014-09-30

2013-09-30

2012-09-30

2011-09-30

2010-09-30

No. of months

12

12

12

12

12

Number of employees

 

Profit and Loss account

13/14

12/13

11/12

10/11

09/10

Gross turnover

N/A

N/A

N/A

N/A

N/A

Charges

N/A

N/A

N/A

N/A

N/A

Turnover

542.405

457.951

444.458

407.854

385.629

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

N/A

N/A

N/A

N/A

N/A

External costs

N/A

N/A

N/A

N/A

N/A

Production costs

-365.928

-315.676

-306.067

-282.650

-259.861

Gross profit

176.477

142.275

138.391

125.204

125.768

Marketing costs

-35.773

-35.647

-36.402

-33.707

-35.467

Administration costs

-58.006

-56.864

-57.962

-51.559

-52.127

RogD-costs

N/A

N/A

N/A

N/A

N/A

Personnel costs (A)

N/A

N/A

N/A

N/A

N/A

Personnel costs (N)

-132.534

-121.343

-118.807

-112.578

-110.983

Personnel costs

-132.534

-121.343

-118.807

-112.578

-110.983

Depreciation (acc.)

N/A

N/A

N/A

N/A

N/A

Depreciation (note)

-30.332

-24.258

-23.838

-23.135

-22.258

Depreciation

-30.332

-24.258

-23.838

-23.135

-22.258

Other operat. costs

N/A

N/A

N/A

-2.313

-2.234

Other income

5.411

3.751

2.902

4.301

3.019

Operating profit

88.109

53.515

46.929

41.926

38.959

Financing income

1.920

303

592

1.032

878

Financing costs

-5.970

-5.471

-5.644

-6.157

-6.178

Income from shares

1.316

1.374

1.534

1.021

1.345

Income other shares

N/A

N/A

N/A

N/A

N/A

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

3.236

1.677

2.126

2.053

2.223

Financial expenses

-5.970

-5.471

-5.644

-6.157

-6.178

Financial items net

-2.734

-3.794

-3.518

-4.104

-3.955

Secondary Items

N/A

N/A

N/A

N/A

N/A

Ordinary result

85.375

49.721

43.411

37.822

35.004

Extraord. income

N/A

0

16.425

0

0

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

0

16.425

0

0

Pre-tax profit

85.375

49.721

59.836

37.822

35.004

Tax o.ext.ord.result

N/A

N/A

N/A

N/A

N/A

Tax on annual result

-20.936

-10.347

-12.530

-8.495

-6.760

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

64.439

39.374

47.306

29.327

28.244

Min.int.share res.

-233

343

-1.794

-752

-1.260

Res.af.min.int.share

64.206

39.717

45.512

28.575

26.984

Dividend of result

N/A

N/A

0

N/A

0

Assets

13/14

12/13

11/12

10/11

09/10

Goodwill

37.567

N/A

N/A

N/A

N/A

Developing project

N/A

N/A

N/A

N/A

N/A

Patents/other rights

12.725

1.030

957

1.305

1.414

Other intang.assets

N/A

N/A

N/A

N/A

N/A

Intang. fix. assets

50.292

1.030

957

1.305

1.414

Land and buildings

100.485

87.596

93.063

92.348

96.515

Plant, machinery etc

100.177

79.080

74.096

68.401

65.623

Assets under constr.

32.941

23.332

12.013

6.590

5.427

Other tangib.assets

N/A

N/A

N/A

N/A

N/A

Tang. fixed assets

233.603

190.008

179.172

167.339

167.565

Participating invest

8.045

7.341

6.562

5.017

4.956

Other investments

N/A

N/A

0

10

10

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

8.045

7.341

6.562

5.027

4.966

Fixed assets

291.940

198.379

186.691

173.671

173.945

Inventories

176.597

154.681

140.209

128.602

118.035

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

113.679

96.619

90.422

86.535

78.988

Receivables in group

0

0

N/A

0

0

Receivables fr.owner

N/A

N/A

N/A

N/A

N/A

Other receivables

7.035

6.071

6.043

5.649

4.943

Pre-paym/accrued inc

4.543

3.230

3.882

3.599

4.575

Securities

N/A

N/A

N/A

N/A

0

Cash in hand/bank

8.860

8.811

40.279

15.827

4.816

Other current assets

N/A

N/A

N/A

N/A

N/A

Current assets

310.714

269.412

280.835

240.212

211.357

Balance

13/14

12/13

11/12

10/11

09/10

Balance

602.654

467.791

467.526

413.883

385.302

Liabilities

13/14

12/13

11/12

10/11

09/10

Share capital

8.280

8.280

8.280

8.280

8.280

Revaluation reserves

N/A

N/A

N/A

N/A

N/A

Transferred result

244.650

203.197

179.831

146.971

126.665

Expected dividend

21.528

13.248

16.560

8.280

8.280

Other reserve

8.045

7.341

6.562

5.017

4.956

Premium on issue

N/A

N/A

N/A

N/A

N/A

Own share of equity

282.503

232.066

211.233

168.548

148.181

Min. interests share

6.683

6.077

14.035

11.699

11.490

Equity

289.186

238.143

225.268

180.247

159.671

Deferred tax

10.979

8.228

7.945

6.223

3.388

Pensions

N/A

N/A

N/A

N/A

N/A

Other provisions

N/A

N/A

0

67

135

Provisions

10.979

8.228

7.945

6.290

3.523

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

N/A

N/A

N/A

N/A

N/A

Mortgage debt

N/A

N/A

N/A

N/A

N/A

Lt. bank debt

100.201

100.201

N/A

N/A

100.201

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

16.747

N/A

100.201

100.201

0

Long-term liab.

116.948

100.201

100.201

100.201

100.201

Cur.liab.to creditin

N/A

N/A

N/A

N/A

N/A

Current bank debt

86.547

52.767

56.913

64.425

42.545

Cur.liab. to group

1.620

956

794

855

481

Cur.liab. to owner

N/A

N/A

N/A

N/A

N/A

Creditors

34.420

23.822

21.550

20.707

22.041

Company tax

14.903

6.048

7.877

1.252

2.421

Dividend

N/A

N/A

N/A

N/A

N/A

Dividends

21.528

13.248

16.560

8.280

8.280

Prepayment

N/A

N/A

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

46.504

36.236

46.289

38.832

43.447

Pre-paym/accrued inc

1.547

1.390

689

1.074

1.334

Oth.cur. liabilities

0

N/A

0

0

9.638

Short-term liab.

185.541

121.219

134.112

127.145

121.907

Balance

13/14

12/13

11/12

10/11

09/10

Total liabilities

602.654

467.791

467.526

413.883

385.302

Property

13/14

12/13

11/12

10/11

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

 

 

FOREIGN EXCHANGE RATES

 

N/A

 

 

ADDITIONAL INFORMATION

 

Remarks

Official registr.

No

Payment remarks

No

Mortgage on property

No

 

Property

 

Property

Yes

 

Expanded Identification - company profile

 

Company name

Pindstrup Mosebrug A/S

Phone-no.

89747489

Address

Fabriksvej 2

Fax

89747580

Postal code/city

8550 Ryomgård

Www

www.pindstrup.dk

Municipality/County

Syddjurs/Midtjylland

E-mail

pindstrup@pindstrup.dk

KOB-no.

213111

CVR-no.

11765912

Employees

80

Legal form

Limited company

Company status

Active

Established

1948

Activity (trade)

89200 Extraction of peat
467500 Wholesale of chemical products

 

Business names

Danmuld A/S
Fibremin A/S

 

Advisors

 

Bankers

REG-no.: 4710
Danske Bank, Randers Afdeling
Østervold 39, 8900 Randers C
45 12 04 30

REG-no.: 7705
Sydbank,
Store Torv 12, 8100 Aarhus C
74 37 57 00

Insurance

Topdanmark Forsikring A/S

Auditor(s)

Ernst & Young P/S - (4. March 2008)

 

Historical data

 

Established

1948

Foundation date

23. September 1948

Date of registration

13. July 1957

Date Art. of assoc.

20. December 2012

Historical data

In 1999 the company took over some of the activities previously carried on by Hermann Nielsen ApS (CVR-nr. 58972517).

Capital history

On 4. March 2005 the capital was reduced for payment by DKK 1.500.000 at price 1364,00 to a total of DKK 8.280.000.
On 26. July 2000 the capital was reduced for payment by DKK 670.000 at price 100,00 to a total of DKK 9.780.000.

Management history

Niels Søe, Managing director (Resigned 3. October 2012)

Board history

Kai Hammer-Pedersen, Deputy Chairman (Resigned 14. Feburary 2013)
Anders Blok Palsgaard, Elected by employees (Resigned 23. Feburary 2012)
Henrik Ingerslev Mortensen, Elected by employees (Resigned 9. December 2014)

 

Branches, other VAT-no.

 

Branch addresses

Pindstrup Mosebrug A/S Tørvestrøelsesfabrikerne
J.F.La Cours Vej 4
9293 Kongerslev

Pindstrup Mosebrug A/S Tørvestrøelsesfabrikerne
Holtebakkevej 159
9430 Vadum

 

Other VAT-no.

20326174

 

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.

 

 

NOTES & COMMENTS

 

N/A

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.61.94

UK Pound

1

Rs.96.24

Euro

1

Rs.70.39

 

INFORMATION DETAILS

 

Analysis Done by :

DIV

 

 

Report Prepared by :

NIT

 

               

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.