MIRA INFORM REPORT

 

 

Report No. :

303058

Report Date :

14.01.2015

 

IDENTIFICATION DETAILS

 

Name :

IC GROUP A/S

 

 

Formerly Known As :

·         CARLI GRY PRODUCTION DENMARK A/S

·         CARLI GRY INTERNATIONAL A/S

·         IC COMPANYS A/S

 

 

Registered Office :

Raffinaderivej 10, 2300 Copenhagen S Copenhagen/Hovedstaden

 

 

Country :

Denmark

 

 

Financials (as on) :

2014

 

 

Year of Establishment :

1950

 

 

Legal Form :

Limited company

 

 

Line of Business :

Wholesale and Retail Sale of clothing

 

 

No. of Employees :

222

 

 

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

REGISTERED NAME & COMPANY SUMMARY

 

Identification - company profile

Company name

IC Group A/S

Phone-no.

32667788

Address

Raffinaderivej 10

Fax

 

Postal code/city

2300 Copenhagen S

Www

www.iccompanys.com

Municipality/County

Copenhagen/Hovedstaden

E-mail

 

KOB-no.

168303

CVR-no.

62816414

 

 

DIRECTORS/MANAGEMENT

 

Management

Management

Mads Henrik Ryder, Managing director (Joined - 1. August 2013)

 

Rud Trabjerg Pedersen, General manager (Joined - 11. November 2013)

 

Board members

Henrik Tonsgaard Heideby, Chairman (Joined - 24. Feburary 2005)

 

Niels Erik Martinsen, Deputy Chairman (Joined - 3. May 2001)

 

Anders Colding Friis, Deputy Chairman (Joined - 24. Feburary 2005)

 

Ole Wengel, Member of the board (Joined - 31. October 2003)

 

Annette Pia Brøndholt Sørensen, Member of the board (Joined - 7. December 2010)

 

Michael Hauge Sørensen, Member of the board (Joined - 1. October 2014)

 

Divisional managers

Frederik Aaggerlund , IT

 

Management history

Niels-Ole Nørgaard Mikkelsen, Managing director (Resigned 1.0 August 2013)

 

Chris Bigler, General manager (Resigned 3.0 September 2013)

 

Anders Cleemann, General manager (Resigned 11.0 November 2013)

 

Peter Fabrin, General manager (Resigned 11.0 November 2013)

Board history

Per Bank, Member of the board (Resigned 1.0 October 2014)

 

 

NEGATIVE INFORMATION

 

No negative information found.

 

 

SHARE & SHARE CAPITAL INFORMATION

 

Capital history

On 5. September 2014 the capital was increased by cash payment by DKK 648.500 at price 1360,00 to a total of DKK 170.076.570.

 

On 26. January 2009 the capital was reduced for payment by DKK 9.768.250 at price 2051,20 to a total of DKK 169.428.070.

 

On 28. January 2008 the capital was reduced for payment by DKK 5.859.250 at price 3412,90 to a total of DKK 179.196.320.

 

On 25. September 2007 the capital was increased by cash payment by DKK 1.120.590 at price 173,50 to a total of DKK 185.055.570.

 

On 29. January 2007 the capital was reduced for payment by DKK 5.658.750 at price 351,87 to a total of DKK 183.934.980.

 

On 4. October 2006 the capital was increased by cash payment by DKK 1.059.170 at price 165,50 to a total of DKK 189.593.730.

 

On 20. October 2005 the capital was increased by cash payment by DKK 1.232.000 at price 415,00 to a total of DKK 188.534.560.

 

On 20. October2005 the capital was increased by cash payment by DKK 1.404.940 at price 970,00 to a total of DKK 187.302.560.

 

Account change period

1. January 2001 - 30. June 2001

 

Shareholder

Arbejdsmarkedets Tillægspension (10%)

 

Share capital

DKK170.076.570,00

fully paid up

 

 

PAYMENT INFORMATION

 

Remarks

Official registr.

No

Payment remarks

No

Mortgage on property

No

 

 

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.

 

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

Western Europe

Eastern Europe

Scandinavia

Middle East

North America

Asia

Import areas

Europe

Asia

 

 

GROUP STRUCTURE & AFFILIATED COMPANIES

 

Group relations and ownership

Associated business

Friheden Invest A/S (42%)

Subsidiaries

IC Companys Norway AS (NOR) (100%)

IC Companys Sweden AB (SWE) (100%)

IC Companys Finland OY (FIN) (100%)

IC Companys Holding & Distributie BV (NLD) (100%)

IC Companys (UK) Ltd (GBR) (100%)

IC Companys Austria GmbH (AUT) (100%)

IC Companys Hong Kong Ltd (HKG) (100%)

IC Companys Poland Sp zoo (POL) (100%)

IC Companys Spain SA (ESP) (100%)

IC Companys Verwaltungs GmbH (DEU) (100%)

Carly Gry International Sweden AB (SWE) (100%)

IC Companys Canada Inc (CAN) (100%)

IC Companys Romania SRL (ROU) (100%)

IC Companys AG (CHE) (100%)

IC Companys France SA (FRA) (100%)

Peak Performance Italy SRL (ITA) (100%)

IC Companys Hungary Kft (HUN) (100%)

IC Companys Cz sro (CZE) (100%)

Saint Tropez af 1993 A/S (100%)

By Malene Birger A/S (100%)

Tiger of Sweden AB (SWE) (100%)

IC Companys Belgium NV (BEL) (100%)

IC Companys Sweden Holding AB (SWE) (100%)

Vingåker Factory Outlet AB (SWE) (100%)

Peak Performance AB (SWE) (100%)

Peak Performance Production AB (SWE) (100%)

IC Companys Nederland BV (NLD) (100%)

IC Companys Germany GmbH (DEU) (100%)

IC Companys Shanghai Ltd (CHN) (100%)

Raffinaderivej 10 A/S (100%)

Designers Remix A/S (51%)

I CE Companys Sweden Holding AB (SWE) (100%)

S T Sweden AB (SWE) (100%)

IC Companys B.V. (NLD) (100%)

 

 

FINANCIAL INFORMATION

 

Financial data

Financial period

1. July - 30. June

Account change period

1. January 2001 -30.0 June 2001 

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

2014-10-06

2013-10-01

2012-10-30

2011-09-29

2010-10-07

Closing date

2014-06-30

2013-06-30

2012-06-30

2011-06-30

2010-06-30

No. of months

12

12

12

12

12

Number of employees

222

358

394

374

362

 

 

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

1.419.900

1.423.100

1.564.300

1.597.800

1.456.500

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

-1.236.300

-1.322.500

-1.360.000

-1.261.400

-1.153.800

External costs

N/A

N/A

N/A

N/A

N/A

Production costs

N/A

N/A

N/A

N/A

N/A

Gross profit

183.600

100.600

204.300

336.400

302.700

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)

-211.000

-265.400

-260.900

-250.400

-230.900

Personnel costs (N)

N/A

N/A

N/A

N/A

N/A

Personnel costs

-211.000

-265.400

-260.900

-250.400

-230.900

Depreciation (acc.)

-24.000

-40.800

-20.100

-15.600

-27.000

Depreciation (note)

N/A

N/A

N/A

N/A

N/A

Depreciation

-24.000

-40.800

-20.100

-15.600

-27.000

Other operat. costs

-129.500

-178.400

-168.100

-177.100

-166.000

Other income

127.400

168.800

135.900

61.700

69.200

Operating profit

-53.500

-215.200

-108.900

-45.000

-52.000

Financing income

41.200

113.400

135.900

90.400

142.400

Financing costs

-34.200

38.600

-48.200

-34.800

-25.400

Income from shares

170.000

83.800

217.500

307.500

242.400

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

211.200

235.800

353.400

397.900

384.800

Financial expenses

-34.200

N/A

-48.200

-34.800

-25.400

Financial items net

177.000

235.800

305.200

363.100

359.400

Secondary Items

N/A

N/A

N/A

N/A

N/A

Ordinary result

123.500

-56.600

196.300

318.100

307.400

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

123.500

-56.600

196.300

318.100

307.400

Tax o.ext.ord.result

N/A

N/A

N/A

N/A

N/A

Tax on annual result

20.000

42.600

-3.500

13.500

9.600

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

143.500

-14.000

192.800

331.600

317.000

Min.int.share res.

N/A

N/A

N/A

N/A

N/A

Res.af.min.int.share

143.500

-14.000

192.800

331.600

317.000

Dividend of result

49.300

32.800

24.600

73.800

69.900

 

Assets

13/14

12/13

11/12

10/11

09/10

Goodwill

N/A

N/A

N/A

N/A

N/A

Developing project

N/A

N/A

9.500

13.800

13.600

Patents/other rights

25.200

33.600

46.200

26.800

21.200

Other intang.assets

N/A

N/A

N/A

N/A

N/A

Intang. fix. assets

25.200

33.600

55.700

40.600

34.800

Land and buildings

N/A

N/A

N/A

N/A

N/A

Plant, machinery etc

6.600

14.400

21.300

17.100

15.400

Assets under constr.

4.700

2.500

1.700

4.300

1.700

Other tangib.assets

N/A

N/A

N/A

N/A

N/A

Tang. fixed assets

11.300

16.900

23.000

21.400

17.100

Participating invest

1.519.000

1.462.700

546.700

546.700

431.200

Other investments

N/A

N/A

N/A

N/A

N/A

Receivables in group

N/A

N/A

N/A

N/A

881.300

Oth.fin. receivables

40.800

39.500

965.100

48.300

36.600

Own shares

N/A

N/A

N/A

N/A

N/A

Other fin. assets

45.700

36.800

N/A

37.300

8.700

Fin. fixed assets

1.605.500

1.539.000

1.511.800

632.300

1.357.800

Fixed assets

1.642.000

1.589.500

1.590.500

694.300

1.409.700

Property for sale

N/A

N/A

N/A

N/A

N/A

Debtors

9.800

22.100

33.300

23.000

25.400

Receivables in group

321.400

406.000

380.700

1.240.300

232.800

Receivables fr.owner

N/A

N/A

N/A

N/A

N/A

Other receivables

41.100

38.900

86.200

28.700

58.900

Pre-paym/accrued inc

9.500

11.200

12.000

13.000

14.000

Securities

101.100

100.900

N/A

N/A

N/A

Cash in hand/bank

100

800

34.300

5.600

14.600

Other current assets

N/A

N/A

N/A

N/A

N/A

Current assets

729.300

903.600

898.900

1.699.900

638.200

Balance

13/14

12/13

11/12

10/11

09/10

Balance

2.371.300

2.493.100

2.489.400

2.394.200

2.047.900

Liabilities

13/14

12/13

11/12

10/11

09/10

Share capital

169.400

169.400

169.400

169.400

169.400

Revaluation reserves

N/A

N/A

N/A

N/A

N/A

Transferred result

1.118.500

1.092.400

1.124.100

996.800

737.200

Expected dividend

N/A

N/A

N/A

N/A

N/A

Other reserve

5.800

16.100

15.900

-47.700

2.400

Premium on issue

N/A

N/A

N/A

N/A

N/A

Own share of equity

1.293.700

1.277.900

1.309.400

1.118.500

909.000

Min. interests share

N/A

N/A

N/A

N/A

N/A

Equity

1.293.700

1.277.900

1.309.400

1.118.500

909.000

Deferred tax

N/A

N/A

N/A

N/A

N/A

Pensions

N/A

N/A

N/A

N/A

N/A

Other provisions

N/A

N/A

N/A

N/A

N/A

Provisions

N/A

N/A

N/A

N/A

N/A

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

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

16.800

25.500

34.600

44.000

N/A

Long-term liab.

16.800

25.500

34.600

44.000

N/A

Cur.liab.to creditin

N/A

N/A

N/A

N/A

N/A

Current bank debt

93.800

91.700

102.400

143.500

132.500

Cur.liab. to group

807.400

920.900

880.100

871.300

867.900

Cur.liab. to owner

N/A

N/A

N/A

N/A

N/A

Creditors

21.400

45.100

34.200

35.400

42.800

Company tax

N/A

N/A

N/A

N/A

N/A

Dividend

N/A

N/A

N/A

N/A

N/A

Dividends

49.300

32.800

24.600

73.800

69.900

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

N/A

N/A

128.700

181.500

95.700

Pre-paym/accrued inc

N/A

N/A

N/A

N/A

N/A

Oth.cur. liabilities

138.200

132.000

N/A

N/A

N/A

Short-term liab.

1.060.800

1.189.700

1.145.400

1.231.700

1.138.900

Balance

13/14

12/13

11/12

10/11

09/10

Total liabilities

2.371.300

2.493.100

2.489.400

2.394.200

2.047.900

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

6.396

3.975

3.970

4.272

4.023

Oper.Profit/Employee

-241

-601

-276

-120

-144

Ord. Res./Employee

556

-158

498

851

849

Ann. Res./Employee

556

-158

498

851

849

Fixed assets/Empl.

7.396

4.440

4.037

1.856

3.894

Pers. costs/Employee

-950

-741

-662

-670

-638

Contribution ratio

12,93

7,07

13,06

21,05

20,78

Net profit ratio

-3,77

-15,12

-6,96

-2,82

-3,57

Capacity ratio

0,77

0,32

0,65

0,88

0,85

Return on investment

-2,26

-8,63

-4,37

-1,88

-2,54

Operational leverage

N/A

N/A

N/A

N/A

N/A

Wage ratio

114,92

263,82

127,70

74,44

76,28

Stock turnover

5,76

4,40

4,44

4,10

4,98

Asset turnover

0,60

0,57

0,63

0,67

0,71

Debtors credittime

2,02

4,53

6,22

4,20

5,09

Credittime creditors

4,40

9,25

6,38

6,47

8,58

Acid test ratio I

68,75

75,95

78,48

138,01

56,04

Acid test ratio II

45,53

48,74

47,71

106,41

30,35

Solvency ratio

54,56

51,26

52,60

46,72

44,39

Return on equity I

9,55

-4,43

14,99

28,44

33,82

Return on equity II

9,55

-4,43

14,99

28,44

33,82

Zero turnover

1.833.651

4.467.346

2.398.134

1.811.537

1.706.708

Margin of safety

0,00

0,00

0,00

0,00

0,00

Capital ratio

7,64

7,54

7,73

6,60

5,37

Intrinsic value

763,70

754,37

772,96

660,27

536,60

 

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

2014-10-06

2013-10-01

2012-10-30

2011-09-29

2010-10-07

Closing date

2014-06-30

2013-06-30

2012-06-30

2011-06-30

2010-06-30

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

2.563.400

3.314.200

3.819.100

3.925.400

3.495.300

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

-1.093.500

-1.445.300

-1.664.800

-1.603.800

-1.370.900

External costs

N/A

N/A

N/A

N/A

N/A

Production costs

N/A

N/A

N/A

N/A

N/A

Gross profit

1.469.900

1.868.900

2.154.300

2.321.600

2.124.400

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)

-561.500

-865.900

-999.700

-1.016.400

-927.000

Personnel costs (N)

N/A

N/A

N/A

N/A

N/A

Personnel costs

-561.500

-865.900

-999.700

-1.016.400

-927.000

Depreciation (acc.)

-62.700

-91.500

-128.700

-125.000

-129.600

Depreciation (note)

N/A

-62.500

N/A

N/A

N/A

Depreciation

-62.700

-91.500

-128.700

-125.000

-129.600

Other operat. costs

-625.900

-756.600

-906.300

-867.400

-785.200

Other income

700

2.100

10.800

8.500

0

Operating profit

220.500

157.000

130.400

321.300

282.600

Financing income

14.500

6.600

35.700

7.400

13.700

Financing costs

-19.700

-13.600

-36.400

-20.800

-18.900

Income from shares

N/A

N/A

N/A

N/A

N/A

Income other shares

N/A

N/A

N/A

N/A

N/A

Other fin. income

N/A

2.700

N/A

N/A

N/A

Amort. fin. assets

N/A

N/A

N/A

N/A

N/A

Other financial cost

N/A

-8.800

N/A

N/A

N/A

Financial items

N/A

N/A

N/A

N/A

N/A

Financial income

14.500

9.300

35.700

7.400

13.700

Financial expenses

-19.700

-22.400

-36.400

-20.800

-18.900

Financial items net

-5.200

-13.100

-700

-13.400

-5.200

Secondary Items

N/A

N/A

N/A

N/A

N/A

Ordinary result

215.300

143.900

129.700

307.900

277.400

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

215.300

143.900

129.700

307.900

277.400

Tax o.ext.ord.result

N/A

N/A

N/A

N/A

N/A

Tax on annual result

-50.800

-138.100

-40.300

-61.600

-41.600

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

164.500

5.800

89.400

246.300

235.800

Min.int.share res.

1.000

N/A

-1.300

-3.700

-6.100

Res.af.min.int.share

165.500

5.800

88.100

242.600

229.700

Dividend of result

N/A

N/A

N/A

N/A

N/A

 

Assets

13/14

12/13

11/12

10/11

09/10

Goodwill

199.300

205.500

205.100

199.400

194.300

Developing project

N/A

N/A

9.500

13.800

13.600

Patents/other rights

38.400

52.300

66.000

49.200

41.100

Other intang.assets

4.800

N/A

N/A

N/A

N/A

Intang. fix. assets

242.500

257.800

280.600

262.400

249.000

Land and buildings

7.700

8.600

151.700

155.000

161.500

Plant, machinery etc

94.000

128.000

183.700

214.600

239.400

Assets under constr.

6.300

6.900

2.500

5.900

7.500

Other tangib.assets

N/A

N/A

N/A

N/A

N/A

Tang. fixed assets

108.000

143.500

337.900

375.500

408.400

Participating invest

111.000

N/A

N/A

N/A

N/A

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

62.100

79.700

104.400

99.000

99.900

Own shares

N/A

N/A

N/A

N/A

N/A

Other fin. assets

35.800

39.300

N/A

33.800

36.000

Fin. fixed assets

208.900

119.000

104.400

132.800

135.900

Fixed assets

559.400

520.300

722.900

770.700

793.300

Inventories

396.300

529.400

528.500

556.500

428.700

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

293.900

390.800

391.900

358.000

262.100

Receivables in group

N/A

N/A

N/A

N/A

N/A

Receivables fr.owner

N/A

N/A

N/A

N/A

N/A

Other receivables

135.800

132.000

172.200

80.600

86.000

Pre-paym/accrued inc

79.400

95.000

109.400

106.800

104.700

Securities

101.100

100.900

N/A

N/A

N/A

Cash in hand/bank

123.900

109.600

82.600

53.800

71.900

Other current assets

144.500

144.300

N/A

N/A

N/A

Current assets

1.274.900

1.502.000

1.284.600

1.155.700

953.400

Balance

13/14

12/13

11/12

10/11

09/10

Balance

1.834.300

2.022.300

2.007.500

1.926.400

1.746.700

Liabilities

13/14

12/13

11/12

10/11

09/10

Share capital

169.400

169.400

169.400

169.400

169.400

Revaluation reserves

N/A

N/A

N/A

N/A

N/A

Transferred result

711.000

665.500

679.500

657.500

591.900

Expected dividend

N/A

N/A

N/A

N/A

N/A

Other reserve

-53.200

-29.800

-20.200

-88.300

-28.000

Premium on issue

N/A

N/A

N/A

N/A

N/A

Own share of equity

827.200

805.100

828.700

738.600

733.300

Min. interests share

4.500

3.700

1.900

4.100

13.900

Equity

831.700

808.800

830.600

742.700

747.200

Deferred tax

N/A

N/A

N/A

N/A

47.500

Pensions

N/A

N/A

N/A

N/A

6.900

Other provisions

N/A

N/A

N/A

N/A

2.200

Provisions

N/A

N/A

N/A

0

56.600

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

188.700

N/A

N/A

N/A

Lt. bank debt

N/A

N/A

140.000

140.000

140.000

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

63.400

82.500

106.800

106.100

N/A

Long-term liab.

63.400

82.500

246.800

246.100

140.000

Cur.liab.to creditin

N/A

188.700

N/A

N/A

N/A

Current bank debt

137.100

N/A

190.700

224.700

175.300

Cur.liab. to group

N/A

N/A

N/A

N/A

N/A

Cur.liab. to owner

N/A

N/A

N/A

N/A

N/A

Creditors

289.600

420.100

396.500

348.900

354.800

Company tax

31.400

30.700

19.000

10.200

12.300

Dividend

N/A

N/A

N/A

N/A

N/A

Dividends

N/A

N/A

N/A

N/A

N/A

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

N/A

N/A

323.900

353.800

260.500

Pre-paym/accrued inc

N/A

N/A

N/A

N/A

N/A

Oth.cur. liabilities

481.100

491.500

N/A

N/A

N/A

Short-term liab.

939.200

1.131.000

930.100

937.600

802.900

Total liabilities

1.834.300

2.022.300

2.007.500

1.926.400

1.746.700

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

 

Property

Property

Not stated

 

Expanded Identification - company profile

Company name

IC Group A/S

Phone-no.

32667788

Address

Raffinaderivej 10

Fax

 

Postal code/city

2300 Copenhagen S

Www

www.iccompanys.com

Municipality/County

Copenhagen/Hovedstaden

E-mail

 

KOB-no.

168303

CVR-no.

62816414

Employees

222

Stock listed

Yes

Legal form

Limited company

Company status

Active

Established

1950

 

 

Activity (trade)

464210 Wholesale of clothing

477110 Retail sale of clothing

 

 

Business names

Brand Farm A/S

Carli Gry International A/S

IC Companys A/S

Inwear Group A/S

 

 

Former names

Carli Gry Production Denmark A/S

Carli Gry International A/S

IC Companys A/S

 

 

 

Advisors

Bankers

REG-no.: 3001

Danske Bank, Holmens Kanal Afdeling

Holmens Kanal 2, 1092 København K

45 12 72 00

 

REG-no.: 5739

Nordea Bank Danmark A/S, Storkundeafdelingen

Strandgade 3, Postboks 850, 900 København C

33 33 33 33

Insurance

Nykredit Forsikring A/S

Auditor(s)

Pricewaterhousecoopers Statsautoriseret Revisions P/S - (4. October 2013)

 

Historical data

Established

1950

Foundation date

11. August 1980

Date of registration

17. October 1981

Date Art. of assoc.

24. September 2014

Historical data

In 1991 the company took over some of the activities previously carried on by "Danstruplund Holding A/S" (REG 38.605).

 

The company merged on 03-05-2001 with Inwear Group A/S (CVR 48002714), the registered company being the continuing one.

 

The company merged on 10-12-2009 with Brand Farm A/S (CVR 27556167), the registered company being the continuing one.

 

The company was originally formed in 1980 under the name of Carli Gry Production, Denmark A/S, but has changed its name several times, most recently in 2001 to its present name.

 

Auditor(s)

Deloitte Statsautoriseret Revisionsaktieselskab- (13. November 2002 - 4. November 2011)

 

Deloitte Statsautoriseret Revisionspartnerselskab- (4. November 2011 - 4. October 2013)

 

 

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.

9. January 2015

Ownership ceased: Subsidiaries DK Company Cph A/S.

30. December 2014

Financial statement added: Financial year: 13/14, closing date: 2014-06-30.

9. October 2014

Credit rating changed from 90 to 100.

9. October 2014

Financial statement added: Financial year: 13/14, closing date: 2014-06-30.

1. October 2014

Resigned as Member of the board: Per Bank.

1. October 2014

Henrik Tonsgaard Heideby retired as Deputy chairman and joined as Chairman.

1. October 2014

Niels Erik Martinsen retired as Chairman and joined as Deputy chairman.

1. October 2014

Joined as Member of the board: Michael Hauge Soerensen.

1. October 2014

Articles of association changed.

1. October 2014

Main name changed from IC Companys A/S to IC Group A/S.

5. September 2014

The capital is increased by cash payment by DKK 648.500 at rate 1360,00 from DKK169.428.070 to DKK 170.076.570.

5. September 2014

Articles of association changed.

22. August 2014

Articles of association changed.

 

Branches, other VAT-no.

Branch addresses

IC Group A/S

Priorparken 412

2605 Brøndby

Other VAT-no.

15215739

 

 

NOTES & COMMENTS

 

N/A

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.62.10

UK Pound

1

Rs.94.10

Euro

1

Rs.73.42

 

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.