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Report No. : |
329209 |
|
Report Date : |
29.06.2015 |
IDENTIFICATION DETAILS
|
Name : |
AASTED APS |
|
|
|
|
Registered Office : |
Bygmarken 7, Farum 3520 |
|
|
|
|
Country : |
Denmark |
|
|
|
|
Financials (as on) : |
2014 |
|
|
|
|
Date of Incorporation : |
16.09.1986 |
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|
|
|
Com. Reg. No.: |
10422345 |
|
|
|
|
Legal Form : |
Private limited company |
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|
|
|
Line of Business : |
Manufacture of machinery for food, beverage and to |
|
|
|
|
No of Employees : |
303 |
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 Risk |
A2 |
|
Moderate Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderate High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
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 |
Aasted
ApS |
|
Country |
DENMARK |
|
Company
Registration Number |
10422345 |
|
Activity Code |
289300 |
|
Activity
Description |
Manufacture
of machinery for food, beverage and to |
|
Company Status |
Active
(Active) |
|
Latest Turnover
Figure |
- |
|
Latest Shareholder
Equity Figure |
140.765.000
DKK |
|
Business Name |
Aasted ApS |
|
Registered Company Name |
Aasted
ApS |
|
Company Registration
Number |
10422345 |
|
Country |
DENMARK |
|
Date of Company
Registration |
16/09/1986 |
|
Legal Form |
Private
limited company |
|
Company Status |
Active
(Active) |
|
Currency of this Report |
DKK |
|
Principal Activity Code |
289300 |
|
Principal Activity
Description |
Manufacture
of machinery for food, beverage and to |
|
Contact Address |
Bygmarken
7, Farum 3520 |
|
Contact Telephone Number |
44348000 |
|
Address |
Bygmarken
7, Farum 3520 |
|
Country |
DENMARK |
|
Telephone |
44348000 |
|
Activity
Code |
Activity
Description |
|
|
289300 |
Manufacture of machinery for food, beverage and to |
|
Previous Name
Aasted-Mikroverk ApS
Frederiksgades Selskabslager 10452 ApS
|
Year |
Number of Employees |
|
2014 |
303 |
|
2013 |
263 |
|
2012 |
246 |
Real Estate No
|
Type |
Name |
|
Business name |
Aasted-DFT ApS |
|
Business name |
Aasted-Mikroverk ApS |
|
Business name |
Mikrovasrk ApS |
|
Business name |
M.V. ApS |
|
Business name |
M.V.T. ApS |
|
Business name |
A.E. Nielsen ApS |
Export Worldwide
Import
|
Type |
Text |
|
No.
of employees |
According
to information from the business the number of employees is 290. |
|
Historical
data |
In
1987 the company took over the activities previously carried on by
"Mikroverk A/S". |
|
Historical
data |
The
company was originally formed 1986, and 1987 it merged with "L.Aasted
Production ApS" & "L.Aasted Internationa, the registered
company being the continuing one. |
|
Historical
data |
The
company merged on 03-06-2010 with A. E. Nielsen Maskinfabrik ApS (CVR 73787416)
, the registered company being the continuing one. |
|
Capital
conditions |
fully
paid up |
|
Authorization
to sign |
Two
General Managers jointly. |
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 76.493.000 53.653.000 36.274.000
Retained Profit 54.239.000 38.087.000 27.076.000
Financial Year 2014 2013
2012
Number of Weeks 52 52 52
Currency DKK DKK DKK
Land & Buildings -
Plant & Machinery -
TOTAL ASSETS 270.347.000 242.786.000 176.903.000
Other Reserves 140.765.000 118.526.000 92.438.000
Nominal Share Capital 320.000 DKK
Shareholder Address
%
Shares Held
Aasted Holding ApS Bygmarken
9 Farum 3520 DNK 75
|
Name |
Appointment Date |
Position |
|
Lars
Allan Aasted |
|
Managing
director |
|
Lars
Aasted |
|
General
manager |
|
Poul
Christian Aasted |
05/10/1994 |
General
manager |
|
Thomas
Aasted |
21/01/1996 |
General
manager |
|
Piet
Tastensen |
22/01/2007 |
General
manager |
|
Mads
Hedstr0m |
21/01/2010 |
General
manager |
|
Mikael
Rye |
17/11/2011 |
Finance |
|
Mads
Hedstr0m |
22/11/2012 |
Sales |
|
Christian
Aasted |
|
Purchasing |
|
Lars
Allan Aasted |
|
Export |
Ultimate Holding Company Name Aasted Holding ApS
Ultimate Holding Company Country
|
Subsidiary Name |
Country |
|
Aasted
Germany GmbH |
GERMANY |
|
Aasted
North America Ltd. |
UNITED
STATES |
|
Aasted
Turkey and Middle East LLC |
TURKEY |
|
Aasted
UK Ltd. |
UNITED
KINGDOM |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 63.60 |
|
|
1 |
Rs. 100.09 |
|
Euro |
1 |
Rs. 71.23 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
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.