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Report No. : |
330526 |
|
Report Date : |
09.07.2015 |
IDENTIFICATION DETAILS
|
Name : |
NOWACO A/S |
|
|
|
|
Formerly Known As : |
BOTANIQUE HOTEL A/S CENTURY INVEST A/S NOWACO TRADING A/S TOPP
GROUP A/S |
|
|
|
|
Registered Office : |
Prinsensgade 15, Aalborg 9000 |
|
|
|
|
Country : |
Denmark |
|
|
|
|
Date of Incorporation : |
01.05.1963 |
|
|
|
|
Financial (as on) : |
31.12.2014 |
|
|
|
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Com. Reg. No.: |
62497718 |
|
|
|
|
Legal Form : |
Limited Company |
|
|
|
|
Line of Business : |
·
Wholesale
of meat and meat products ·
Wholesale
of fish and fishery products ·
Wholesale
of fruit and vegetables ·
Non-specialized
wholesale of food, beverages and t ·
Wholesale
of dairy products, eggs and edible oils |
|
|
|
|
No. of Employees : |
110 (2014) |
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 |
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|
|
|
Litigation : |
Clear |
NOTES:
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
Denmark |
A2 |
A2 |
|
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 and has been slow to emerge from it in 2012-14 . Historically low levels of unemployment rose sharply with the recession and have remained at about 6% in 2010-13, based on the national measure, about two-thirds average EU unemployment. An impending decline in the ratio of workers to retirees will be a major long-term issue. Denmark maintained a healthy budget surplus for many years up to 2008, but the budget balance swung into deficit in 2009, where it remains. In spite of the deficits, the new coalition government delivered a modest stimulus to the economy in 2012. Despite previously meeting the criteria to join the European Economic and Monetary Union (EMU), Denmark has negotiated an opt-out with the EU and is not required to adopt the euro.
|
Source
: CIA |
|
Business
Name |
Nowaco A/S |
|
Country |
DENMARK |
|
Company
Registration Number |
62497718 |
|
Activity
Code |
463200 |
|
Activity
Description |
Wholesale of meat and meat products |
|
Company
Status |
Active (Active) |
|
Latest
Turnover Figure |
2.476.003.000 DKK |
|
Latest
Shareholder Equity Figure |
179.993.000 DKK |
|
Business
Name |
Nowaco A/S |
|
Registered
Company Name |
Nowaco A/S |
|
Company
Registration Number |
62497718 |
|
Country |
DENMARK |
|
Date
of Company Registration |
01/05/1963 |
|
Legal
Form |
Limited company |
|
Company
Status |
Active (Active) |
|
Currency
of this Report |
DKK |
|
Principal
Activity Code |
463200 |
|
Principal
Activity Description |
Wholesale of meat and meat products |
|
Contact
Address |
Prinsensgade 15, Aalborg 9000 |
|
Contact
Telephone Number |
96308080 |
|
Address |
Prinsensgade 15, Aalborg
9000 |
|
Country |
DENMARK |
|
Telephone |
96308080 |
|
Activity
Code |
Activity Description |
|
463200 |
Wholesale of meat and meat
products |
|
463810 |
Wholesale of fish and
fishery products |
|
463100 |
Wholesale of fruit and
vegetables |
|
463900 |
Non-specialized wholesale
of food, beverages and t |
|
463300 |
Wholesale of dairy
products, eggs and edible oils |
|
Previous
Name |
|
Botanique Hotel A/S |
|
Century Invest A/S |
|
Nowaco Trading A/S |
|
Topp Group A/S |
|
Year |
Number
of Employees |
|
2014 |
110 |
|
2013 |
104 |
|
2012 |
110 |
No
Type Name
No
other trading names for this company
Export Worldwide
Import
|
Type |
Text |
|
Historical data |
In 1994 the company took over the activities previously carried on by "Topp Group Denmark A/S" (reg.nr. 161.626). |
|
Historical data |
In 1994 the company took over the activities previously carried on by "Topp Group Denmark A/S" (reg.nr. 161.626). |
|
Historical data |
In 2003 the company took over the activities previously carried on by Nowaco Group A/S (cvr.nr. 13247595). |
|
Historical data |
The company has per 2001 transferred its former activities to Nowaco A/S CVR 13247595. |
|
Historical data |
"Top Group A/S" has per 01.01.1996 transferred the former activities to "Top Group Denmark A/S" (reg.nr. 161.626). |
|
Historical
data |
The
company was originally formed in 1963 under the name of "Hotel Gotha
A/S", but has changed its name several times, most recently in 1997 to
its present name. |
|
Capital
conditions |
fully
paid up |
|
Date
Format |
MM-DD |
|
Accounts
Start Date |
01-01 |
|
Accounts
End Date |
12-31 |
|
Financial
Year |
2014 |
2013 |
2012 |
|
Number
of Weeks |
52 |
52 |
52 |
|
Currency |
DKK |
DKK |
DKK |
|
Revenue |
2.476.003.000 |
2.175.939.000 |
1.996.753.000 |
|
Operating
Profit |
42.655.000 |
39.415.000 |
34.027.000 |
|
Retained
Profit |
36.967.000 |
34.377.000 |
28.819.000 |
|
Financial
Year |
2014 |
2013 |
2012 |
|
Number
of Weeks |
52 |
52 |
52 |
|
Currency |
DKK |
DKK |
DKK |
|
Land
& Buildings |
- |
|
|
|
Plant
& Machinery |
- |
|
|
|
TOTAL
ASSETS |
656.717.000 |
436.103.000 |
447.156.000 |
|
Other
Reserves |
179.993.000 |
158.569.000 |
139.719.000 |
|
Nominal
Share Capital |
20.000.000 DKK |
|
Shareholder |
Address |
% Shares Held |
|
Tika Holding A/S |
Vossvej 13 Aalborg 9000 DNK |
65 |
|
Name |
Appointment Date |
Position |
|
Preben Kurt Nielsen |
29/11/2005 |
Managing director |
|
Brian Schi0nning Larsen |
31/05/2007 |
General manager |
|
Peter Fisker Olesen |
22/10/2012 |
General manager |
|
Tom Leth Jensen |
26/06/2015 |
General manager |
|
Katja Nowak Nielsen |
26/06/2015 |
General manager |
|
Per S0ndergaard Pedersen |
30/04/2003 |
Chairman |
|
Jens M0ller |
29/11/2005 |
Deputy Chairman |
|
Juttine Nielsen |
29/11/2005 |
Member of the board |
|
Peter Guldager Terkelsen |
26/08/2011 |
Member of the board |
|
Katja Nowak Nielsen |
05/05/2006 |
Member of the board |
|
Brian Schi0nning Larsen |
16/08/2010 |
Finance |
|
Tom Kristensen |
01/04/2014 |
IT |
|
Annette Jacobsen |
02/06/2003 |
Export |
|
Mikkel Hangh0j |
08/11/2007 |
Export |
|
Tom Leth Jensen |
10/02/2010 |
Export |
|
Ultimate
Holding Company Name |
Tika Holding A/S |
|
Ultimate
Holding Company Country |
|
|
Subsidiary
Name |
Country |
|
Nowaco USA Inc. |
UNITED STATES |
|
Nowaco Hong Kong Ltd. |
HONG KONG |
|
Nowaco Brazil Ltda. |
BRAZIL |
|
Nowaco Shipping ApS |
DENMARK |
|
Nowaco Australia Pty Ltd. |
AUSTRALIA |
|
Nowaco Colombia SAS |
COLOMBIA |
|
Nowaco Qingdao Ltd. |
CHINA |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.51 |
|
UK Pound |
1 |
Rs.97.85 |
|
Euro |
1 |
Rs.70.50 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
VNT |
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.