|
Report Date : |
03.01.2015 |
IDENTIFICATION DETAILS
|
Name : |
JYSK A/S |
|
|
|
|
Registered Office : |
Sødalsparken 18, Brabrand 8220 |
|
|
|
|
Country : |
Denmark |
|
|
|
|
Financials (as on) : |
2013 |
|
|
|
|
Date of Incorporation : |
01.11.1989 |
|
|
|
|
Com. Reg. No.: |
13590400 |
|
|
|
|
Legal Form : |
Limited company |
|
|
|
|
Line of Business : |
Retail sale of furnishing fabrics |
|
|
|
|
No. of Employee : |
1240 |
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 – September 30, 2014
|
Country Name |
Previous Rating (30.06.2014) |
Current Rating (30.09.2014) |
|
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 |
|
business Name |
jysKA/S |
|
Country |
DENMARK |
|
Company
Registration Number |
13590400 |
|
Activity Code |
475920 |
|
Activity
Description |
Retail
sale of furnishing fabrics |
|
Company Status |
Active
(Active) |
|
Latest Turnover
Figure |
3.049.174.000
DKK |
|
Latest Shareholder
Equity Figure |
1.671.429.000
DKK |
|
business Name |
JyskA/S |
|
Registered Company
Name |
JyskA/S |
|
Company
Registration Number |
13590400 |
|
Country |
DENMARK |
|
Date of Company
Registration |
01/11/1989 |
|
Legal Form |
Limited company |
|
Company Status |
Active (Active) |
|
Currency of this
Report |
DKK |
|
Principal Activity
Code |
475920 |
|
Principal Activity
Description |
Retail sale of furnishing fabrics |
|
Contact Address |
S0dalsparken 18, Brabrand 8220 |
|
Contact Telephone
Number |
89397500 |
|
Address |
Country
Telephone |
|
S0dalsparken
18, Brabrand 8220 |
DENMARK 89397500 |
|
Activity
Code |
Activity Description |
|
475920 |
Retail sale of furnishing
fabrics |
|
479113 |
Retail sale of lamps,
furniture etc. via internet |
|
475910 |
Retail sale of furniture |
Previous
Name
DRAS 1165 A/S
Jysk Sengetøjslager A/S
|
Year |
Number of Employees |
|
2013 |
1240 |
|
2012 |
1267 |
|
2011 |
1230 |
|
Real Estate |
No |
|
Type |
Name |
|
Business name |
Dansk Senget0jslager A/S |
|
Business name |
Europaisk Senget0jslager
A/S |
|
Business name |
Jysk Senget0jslager A/S |
|
Business name |
Nordisk Senget0jslager A/S |
|
Business name |
Skandinavisk
Senget0jslager A/S |
|
Popular name |
Jysk Worldwide |
Export Europe
Import
Type Text
Historical data In 1991
the company took over the activities previously carried on by "Jysk
Sengetøjslager A/S" (reg.nr. 62.495).
Historical data In
1991 the company took over the activities previously carried on by "Jysk
Sengetøjslager A/S" (reg.nr. 62.495).
Historical data In
2002 the company took over the activities previously carried on by Hobby Hall
A/S CVR.21291013.
Capital conditions fully
paid up
Authorisation to sign the
chairman of the board, or a manager together with a member of the board
Date Format MM-DD
Accounts Start Date 09-01
Accounts End Date 08-31
|
Financial Year |
2013 |
2012 |
2011 |
|
Number of Weeks |
52 |
52 |
52 |
|
Currency |
DKK |
DKK |
DKK |
|
Revenue |
3.049.174.000 |
2.968.061.000 |
2.847.013.000 |
|
Operating Profit |
759.085.000 |
329.526.000 |
311.780.000 |
|
Retained Profit |
562.358.000 |
251.699.000 |
235.106.000 |
|
Financial
Year |
2013 |
2012 |
2011 |
|
Number
of Weeks |
52 |
52 |
52 |
|
Currency |
DKK |
DKK |
DKK |
|
TOTAL
ASSETS |
2.490.578.000 |
1.332.194.000 |
1.578.011.000 |
|
Other
Reserves |
1.671.429.000 |
817.867.000 |
1.066.168.000 |
|
Nominal Share
Capital |
500.000
DKK |
|
|
Shareholder |
Address |
|
% Shares
Held |
|
Jysk Holding A/S |
S0dalsparken 18 Brabrand
8220 DNK |
|
90 |
|
Name |
Appointment Date |
Position |
|
Jan B0gh |
29/01/2002 |
General manager |
|
Henrik Naundrup |
10/10/2003 |
General manager |
|
Mikael Havndrup Nielsen |
27/09/2013 |
General manager |
|
Lars Kristinus Larsen |
|
Chairman |
|
Hans Henrik Kj0lby |
|
Member of the board |
|
Jan B0gh |
10/10/2003 |
Member of the board |
|
Jacob Brunsborg |
20/06/2013 |
Member of the board |
|
Henrik Naundrup |
|
Finance |
|
Henrik Naundrup |
10/03/2005 |
IT |
|
Jan Verhoek |
16/02/2007 |
Personnel |
|
Peter Ansager |
14/08/2014 |
Purchasing |
Ultimate Holding Company Name Jysk Holding A/S
Ultimate Holding
Company Country
Subsidiary Name Country
No subsidiaries for this company
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.28 |
|
|
1 |
Rs.98.38 |
|
Euro |
1 |
Rs.76.30 |
INFORMATION DETAILS
|
Analysis Done by
: |
KRN |
|
|
|
|
Report Prepared
by : |
DPT |
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.