|
Report No. : |
324976 |
|
Report Date : |
02.06.2015 |
IDENTIFICATION DETAILS
|
Name : |
|
|
|
|
|
Formerly Known As : |
BK
ENGINEERING A/S |
|
|
|
|
Registered Office : |
Hjulmagervej 55, |
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|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
2014 |
|
|
|
|
Date of Incorporation : |
29.07.1998 |
|
|
|
|
Com. Reg. No.: |
21142042 |
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|
|
Legal Form : |
Limited Company |
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|
|
|
Line of Business : |
Consulting Engineering Activities within Construct. |
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|
|
|
No. of Employees : |
41 [2012] |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
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|
|
|
Payment Behaviour : |
Slow but correct |
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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 – 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 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 |
Aalborg CSP A/S |
|
Country |
DENMARK |
|
Company Registration Number |
21142042 |
|
Activity Code |
711210 |
|
Activity Description |
Consulting engineering
activities within construct |
|
Company Status |
Active (Active) |
|
Latest Turnover Figure - |
|
|
Latest Shareholder Equity Figure |
36.756.000 DKK |
|
Local Description |
Businesses at this level
are regarded as creditworthy. Small businesses at this level generate results
which are among the best in the country or are run on a sound financial
platform. Large businesses at this level have good results or are normally
run on a sound financial platform. |
|
Business Name |
Aalborg CSr A/S |
|
Registered Company Name |
Aalborg CSr A/S |
|
Company Registration Number |
21142042 |
|
Country |
DENMARK |
|
Date of Company Registration |
29/07/1998 |
|
Legal Form |
Limited company |
|
Company Status |
Active (Active) |
|
Currency of this Report |
DKK |
|
Principal Activity Code |
711210 |
|
Principal Activity Description |
Consulting engineering
activities within construct |
|
Contact Address |
Hjulmagervej 55, Aalborg
9000 |
|
Contact Telephone Number |
88168836 |
|
Address |
Hjulmagervej 55, Aalborg
9000 |
|
Country |
DENMARK |
|
Telephone |
88168836 |
|
Activity Code |
Activity
Description |
|
711210 |
Consulting engineering activities within
construct |
|
711220 |
Consulting engineering activities within
productio |
|
|
|
Previous Name |
|
|
BK
Engineering A/S |
|
|
Brix
& Kamp A/S Marine |
|
|
Brix
& Kamp Engineering A/S |
|
|
Year |
Number
of Employees |
|
2012 |
41 |
|
Real
Estate |
No |
|
Type |
Name |
|
Business
name |
BK Aalborg A/S |
|
Business
name |
BK Engineering A/S |
|
Business
name |
Brix & Kamp A/S Marine |
|
Business
name |
Brix & Kamp Engineering A/S |
|
Type |
Text |
|
No.
of employees |
According
to information from the business the number of employees is 45. |
|
Historical
data |
In
1998 the company took over some of the activities previously carried on by
Brix & Kamp A/S Reg.nr. 65.425. |
|
Historical
data |
The
company merged on 30-08-2011 with BK Aalborg A/S (CVR 28288638) , the
registered company being the continuing one. |
|
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 |
|
Operating Profit |
1.232.000 |
6.664.000 |
-5.163.000 |
|
Retained Profit |
682.000 |
5.502.000 |
-4.124.000 |
|
Financial Year |
2014 |
2013 |
2012 |
|
Number of Weeks |
52 |
52 |
52 |
|
Currency |
DKK |
DKK |
DKK |
|
Land &
Buildings |
- |
|
67.627.000 |
|
Plant &
Machinery |
- |
|
|
|
TOTAL ASSETS |
80.521.000 |
72.837.000 |
|
|
Other Reserves |
36.756.000 |
37.154.000 |
30.987.000 |
|
Nominal Share Capital |
1.750.000
DKK |
|
Shareholder |
Address |
|
% Shares Held |
|
BKH
Holding I ApS |
Hjulmagervej
55 Aalborg 9000 DNK |
57 |
|
|
Name |
Appointment Date |
Position |
|||
|
Svante
Bundgaard |
13/06/2012 |
Managing
director |
|||
|
Albert
Carl Holkenberg |
02/03/2000 |
Chairman |
|||
|
Jorgen
Iversen |
23/04/2010 |
Member of
the board |
|||
|
Palle
Norgaard |
13/12/2012 |
Member
of the board |
|
||
|
Tina
Elisabeth Thomsen |
21/05/2014 |
Member
of the board |
|
||
|
Peter
Badstue Jensen |
26/05/2015 |
Member
of the board |
|
||
|
Henning
Moller |
20/04/2009 |
Finance |
|
||
|
Lene
Sorensen |
14/09/2012 |
Finance |
|
||
|
Ultimate Holding
Company Name |
BKH
Holding I ApS |
|
Ultimate Holding
Company Country |
|
|
Subsidiary Name |
Country |
|
Danish
Cleantech Group Africa ApS |
DENMARK |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.61 |
|
|
1 |
Rs.97.27 |
|
Euro |
1 |
Rs.69.63 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.