|
Report No. : |
329200 |
|
Report Date : |
29.06.2015 |
IDENTIFICATION DETAILS
|
Name : |
COMWAY DISTRIBUTION A/S |
|
|
|
|
Registered Office : |
Industriholmen 51, Hvidovre 2650 |
|
|
|
|
Country : |
Denmark |
|
|
|
|
Date of Incorporation : |
22.07.2003 |
|
|
|
|
Com. Reg. No.: |
27276407 |
|
|
|
|
Legal Form : |
Limited Company |
|
|
|
|
Line of Business : |
Wholesale of Computers, Computer Peripheral Equipment. |
|
|
|
|
No. of Employees : |
45 |
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 – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
Denmark |
B2 |
B2 |
|
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 |
Comway Distribution A/S |
|
Country |
DENMARK |
|
Company
Registration Number |
27276407 |
|
Activity Code |
465100 |
|
Activity
Description |
Wholesale of computers, computer peripheral equipment |
|
Company Status |
Active (Active) |
|
Business
Name |
Comway Distribution A/S |
|
Registered
Company Name |
Comway Distribution A/S |
|
Company
Registration Number |
27276407 |
|
Country |
DENMARK |
|
Date
of Company Registration |
22/07/2003 |
|
Legal
Form |
Limited company |
|
Company
Status |
Active (Active) |
|
Currency
of this Report |
DKK |
|
Principal
Activity Code |
465100 |
|
Principal
Activity Description |
Wholesale of computers, computer peripheral equipment |
|
Contact
Address |
Industriholmen 51, Hvidovre 2650 |
|
Contact
Telephone Number |
33296000 |
|
Address |
Industriholmen 51, Hvidovre 2650 |
|
Country |
DENMARK |
|
Telephone |
33296000 |
|
Activity Code |
Activity
Description |
|
465100 |
Wholesale of computers, computer peripheral equipment |
|
Year |
Number of Employees |
|
2014 |
45 |
|
2013 |
38 |
|
2012 |
32 |
|
Real Estate |
No |
|
Type |
Name |
|
Business name |
Comway A/S |
Export Worldwide
Import
|
Type |
Text |
|
No. of employees |
According to information from the business the number of
employees is 49. |
|
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 |
22.512.000 |
18.119.000 |
13.411.000 |
|
Retained
Profit |
16.433.000 |
13.565.000 |
9.242.000 |
|
Financial
year |
2014 |
2013 |
2012 |
|
Number
of Weeks |
52 |
52 |
52 |
|
Currency |
DKK |
DKK |
DKK |
|
Land
& Buildings |
- |
|
|
|
Plant
& Machinery |
- |
|
|
|
TOTAL
ASSETS |
90.788.000 |
79.364.000 |
70.456.000 |
|
Other
Reserves |
29.839.000 |
32.405.000 |
24.839.000 |
Nominal Share Capital 600.000
DKK
|
Shareholder |
Address |
%
Shares Held |
|
B0ttner Holding ApS |
Strandvejen 348 Kokkedal 2980 DNK |
50 |
|
Name |
Appointment
Date |
Position |
|
|
Peter Lyngs-Klaris |
05/10/2012 |
General manager |
|
|
Ulrik B0ttner |
13/08/2003 |
Member of the board |
|
|
Peter Garber |
13/08/2003 |
Member of the board |
|
|
Jim Bergholdt |
16/02/2005 |
Member of the board |
|
|
Thomas Olsen |
09/05/2007 |
Member of the board |
|
|
Anne Thorup |
08/03/2006 |
Finance |
|
|
Ulrik B0ttner |
08/03/2006 |
Sales |
|
Ultimate
Holding Company Name B0ttner Holding ApS
Ultimate
Holding Company Country
Subsidiary
Name Country
No
subsidaries for this company
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 : |
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.