MIRA INFORM REPORT
|
Report No. : |
309980 |
|
Report Date : |
09.03.2015 |
IDENTIFICATION DETAILS
|
Name : |
BTX GROUP A/S |
|
|
|
|
Registered Office : |
Nordlundvej 1, 7330 Brande |
|
|
|
|
Country : |
Denmark |
|
|
|
|
Financials (as on) : |
2013 |
|
|
|
|
Year of Establishment : |
1935 |
|
|
|
|
Legal Form : |
Limited company |
|
|
|
|
Line of Business : |
Activities of non-financial head offices |
|
|
|
|
No. of Employee : |
88 |
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 |
|
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 – 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. 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
|
Company name |
BTX GROUP A/S |
Phone-no. |
96424000 |
|
Address |
Nordlundvej 1 |
Fax |
97181898 |
|
Postal code/city |
7330 Brande |
Www |
www.btx-group.dk |
|
Municipality/County |
Ikast-Brande/Midtjylland |
E-mail |
info@btx.dk |
|
KOB-no. |
134558 |
CVR-no. |
34281718 |
Official
registr. No
|
Company name |
BTX GROUP A/S |
Phone-no. |
96424000 |
|
Address |
Nordlundvej 1 |
Fax |
97181898 |
|
Postal code/city |
7330 Brande |
Www |
www.btx-group.dk |
|
Municipality/County |
Ikast-Brande/Midtjylland |
E-mail |
info@btx.dk |
|
KOB-no. |
134558 |
CVR-no. |
34281718 |
|
Employees |
88 |
|
|
|
Legal form |
Limited company |
Company status |
Active |
|
Established |
1935 |
|
|
|
Activity (trade) |
701010 Activities of non-financial head offices |
||
DIRECTORS/MANAGEMENT
Management
Management
Jesper Ibæk Roe, Managing director (Joined - 8.
December 2011)
Board members
Kjeld Thøgersen, Chairman (Joined - 2. December
2014)
Jesper Ibæk Roe, Member of the board (Joined - 18.
March 2013)
Marianne Sig Møller, Member of the board (Joined -
2. December 2014)
Divisional managers
Jesper Ibæk Roe , Finance
Authorisation to sign
A manager together with a member of the board or
two members of the board jointly or the entire board of directors
NEGATIVE
INFORMATION
Mortgage on property No
SHARE
& SHARE CAPITAL INFORMATION
N/a
PAYMENT
INFORMATION
Payment remarks No
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.
GROUP
STRUCTURE & AFFILIATED COMPANIES
Group relations and ownership
Parent company Holdingselskabet af 24. Februar 2006
A/S (100%)
Shareholder Selskabet af 2. Marts 2010 i
Ikast-Brande A/S (>5%)
Selskabet af 3. Marts 2010 i Ikast-Brande A/S
(>5%)
Subsidiaries BTX Apparel Ltd. (GBR) (100%)
BTX Norge AS (NOR) (100%)
FINANCIAL
INFORMATION
Financial data
Share capital DKK 36.002.000,00
fully paid
up
Financial period 1. January - 31. December
Leasing commitments In the financial statement of
2013 attention is drawn to leasing commitments.
Nomination All financial figures stated in DKK
1.000
|
Financial year |
2013 |
2012 |
2011 |
2010 |
2009 |
|
Published on |
2014-05-29 |
2013-06-03 |
2012-06-01 |
2011-05-30 |
2010-05-20 |
|
Closing date |
2013-12-31 |
2012-12-31 |
2011-12-31 |
2010-12-31 |
2009-12-31 |
|
No. of months |
12 |
12 |
12 |
12 |
12 |
|
Number of employees |
88 |
158 |
206 |
224 |
242 |
|
Profit and Loss account |
2013 |
2012 |
2011 |
2010 |
2009 |
|
Gross turnover |
N/A |
N/A |
N/A |
N/A |
N/A |
|
Charges |
N/A |
N/A |
N/A |
N/A |
N/A |
|
Turnover |
N/A |
N/A |
N/A |
N/A |
N/A |
|
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 |
N/A |
N/A |
N/A |
N/A |
N/A |
|
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 |
N/A |
N/A |
N/A |
N/A |
N/A |
|
Marketing costs |
N/A |
-835 |
7.19 |
-28 |
-7.25 |
|
Administration costs |
-52.56 |
-90.69 |
-131.78 |
-135.29 |
-167.82 |
|
RogD-costs |
N/A |
N/A |
N/A |
N/A |
N/A |
|
Personnel costs (A) |
N/A |
N/A |
N/A |
N/A |
N/A |
|
Personnel costs (N) |
-30.55 |
-55.85 |
-86.04 |
-83.36 |
-97.57 |
|
Personnel costs |
-30.55 |
-55.85 |
-86.04 |
-83.36 |
-97.57 |
|
Depreciation (acc.) |
N/A |
N/A |
N/A |
N/A |
N/A |
|
Depreciation (note) |
-3.02 |
-7.22 |
-8.47 |
-5.72 |
-7.71 |
|
Depreciation |
-3.02 |
-7.22 |
-8.47 |
-5.72 |
-7.71 |
|
Other operat. costs |
-17.14 |
-26.36 |
-38.6 |
-40.22 |
-48.5 |
|
Other income |
82.93 |
120.43 |
181.92 |
155.91 |
169.94 |
|
Operating profit |
13.24 |
2.55 |
18.73 |
-19.64 |
-53.63 |
|
Financing income |
2.49 |
27.87 |
4.19 |
67.88 |
52.13 |
|
Financing costs |
-6.08 |
-30.52 |
-12.39 |
-10.32 |
-19.46 |
|
Income from shares |
27.33 |
56.04 |
-202.78 |
58.78 |
66.83 |
|
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 |
29.81 |
83.91 |
4.19 |
126.65 |
118.96 |
|
Financial expenses |
-6.08 |
-30.52 |
-215.17 |
-10.32 |
-19.46 |
|
Financial items net |
23.74 |
53.39 |
-210.99 |
116.34 |
99.5 |
|
Secondary Items |
177 |
-58.41 |
-8.35 |
-23.56 |
N/A |
|
Ordinary result |
37.15 |
-2.47 |
-200.6 |
73.14 |
45.87 |
|
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 |
37.15 |
-2.47 |
-200.6 |
73.14 |
45.87 |
|
Tax o.ext.ord.result |
N/A |
N/A |
N/A |
N/A |
N/A |
|
Tax on annual result |
-3.13 |
-16.37 |
-2.51 |
-5.83 |
4.7 |
|
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 |
34.02 |
-18.84 |
-203.11 |
67.32 |
50.57 |
|
Min.int.share res. |
N/A |
N/A |
N/A |
N/A |
N/A |
|
Res.af.min.int.share |
34.02 |
-18.84 |
-203.11 |
67.32 |
50.57 |
|
Dividend of result |
30 |
N/A |
0 |
76 |
48 |
|
Assets |
2013 |
2012 |
2011 |
2010 |
2009 |
|
Goodwill |
N/A |
N/A |
N/A |
N/A |
N/A |
|
Developing project |
490 |
N/A |
N/A |
N/A |
N/A |
|
Patents/other rights |
209 |
545 |
3.42 |
3.45 |
2.17 |
|
Other intang.assets |
N/A |
N/A |
N/A |
N/A |
N/A |
|
Intang. fix. assets |
699 |
545 |
3.42 |
3.45 |
2.17 |
|
Land and buildings |
N/A |
N/A |
N/A |
N/A |
N/A |
|
Plant, machinery etc |
5.84 |
6.47 |
11.74 |
12.33 |
6.3 |
|
Assets under constr. |
173 |
400 |
0 |
225 |
25 |
|
Other tangib.assets |
N/A |
N/A |
N/A |
N/A |
N/A |
|
Tang. fixed assets |
6.01 |
6.87 |
11.74 |
12.55 |
6.32 |
|
Participating invest |
108.33 |
147.63 |
201.09 |
204.75 |
150.05 |
|
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 |
N/A |
N/A |
N/A |
N/A |
N/A |
|
Own shares |
N/A |
N/A |
N/A |
N/A |
N/A |
|
Other fin. assets |
10.62 |
13.58 |
17.78 |
17.8 |
17.47 |
|
Fin. fixed assets |
118.94 |
161.2 |
218.87 |
222.55 |
167.52 |
|
Fixed assets |
125.65 |
168.61 |
234.03 |
238.55 |
176.02 |
|
Inventories |
N/A |
N/A |
0 |
73 |
181 |
|
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 |
N/A |
N/A |
N/A |
N/A |
N/A |
|
Receivables
in group |
48.44 |
21.84 |
89.41 |
110.74 |
122.87 |
|
Receivables
fr.owner |
N/A |
N/A |
N/A |
N/A |
N/A |
|
Other
receivables |
11.73 |
18.96 |
10.67 |
21.75 |
64.38 |
|
Pre-paym/accrued
inc |
947 |
2.14 |
1.8 |
631 |
2.45 |
|
Securities |
100 |
100 |
100 |
100 |
100 |
|
Cash in
hand/bank |
17.68 |
35.77 |
14.26 |
48.78 |
33.09 |
|
Other
current assets |
N/A |
N/A |
N/A |
N/A |
N/A |
|
Current
assets |
78.89 |
78.8 |
116.25 |
182.07 |
223.07 |
|
Balance |
2013 |
2012 |
2011 |
2010 |
2009 |
|
Balance |
204.54 |
247.41 |
350.27 |
420.62 |
399.09 |
|
Liabilities |
2013 |
2012 |
2011 |
2010 |
2009 |
|
Share
capital |
36 |
36 |
36 |
36 |
36 |
|
Revaluation
reserves |
N/A |
N/A |
N/A |
N/A |
N/A |
|
Transferred
result |
6.41 |
1.32 |
-121.62 |
50.44 |
63.05 |
|
Expected
dividend |
30 |
N/A |
0 |
76 |
48 |
|
Other
reserve |
N/A |
N/A |
N/A |
N/A |
N/A |
|
Premium
on issue |
N/A |
N/A |
N/A |
N/A |
N/A |
|
Own share
of equity |
72.41 |
37.32 |
-85.62 |
162.44 |
147.05 |
|
Min.
interests share |
N/A |
N/A |
N/A |
N/A |
N/A |
|
Equity |
72.41 |
37.32 |
-85.62 |
162.44 |
147.05 |
|
Deferred
tax |
N/A |
0 |
2.92 |
0 |
7.35 |
|
Pensions |
N/A |
N/A |
N/A |
N/A |
N/A |
|
Other
provisions |
24.15 |
30.84 |
15.35 |
23.56 |
N/A |
|
Provisions |
24.15 |
30.84 |
18.27 |
23.56 |
7.35 |
|
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 |
30.41 |
0 |
31.83 |
31.83 |
106.45 |
|
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 |
1.44 |
2.49 |
1.1 |
4.19 |
1.61 |
|
Long-term
liab. |
31.85 |
2.49 |
32.93 |
36.02 |
108.06 |
|
Cur.liab.to
creditin |
N/A |
N/A |
N/A |
N/A |
N/A |
|
Current
bank debt |
0 |
31.83 |
34.08 |
42.16 |
0 |
|
Cur.liab.
to group |
49.72 |
97.72 |
293.5 |
84.66 |
66.74 |
|
Cur.liab.
to owner |
N/A |
N/A |
N/A |
N/A |
N/A |
|
Creditors |
2.32 |
9.68 |
12.81 |
19.05 |
7.91 |
|
Company
tax |
0 |
96 |
N/A |
0 |
3.9 |
|
Dividend |
N/A |
N/A |
N/A |
N/A |
N/A |
|
Dividends |
30 |
N/A |
0 |
76 |
48 |
|
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 |
15.14 |
22.17 |
38.99 |
48.05 |
56.48 |
|
Pre-paym/accrued
inc |
771 |
232 |
272 |
332 |
634 |
|
Oth.cur.
liabilities |
8.17 |
15.03 |
5.06 |
4.36 |
964 |
|
Short-term
liab. |
76.13 |
176.76 |
384.7 |
198.61 |
136.63 |
|
Balance |
2013 |
2012 |
2011 |
2010 |
2009 |
|
Total liabilities |
204.54 |
247.41 |
350.27 |
420.62 |
399.09 |
|
Property |
2013 |
2012 |
2011 |
2010 |
2009 |
|
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 |
2013 |
2012 |
2011 |
2010 |
2009 |
|
Turnover/Employee |
N/A |
N/A |
N/A |
N/A |
N/A |
|
Oper.Profit/Employee |
150 |
16 |
91 |
-88 |
-222 |
|
Ord.
Res./Employee |
422 |
-16 |
-974 |
327 |
190 |
|
Ann.
Res./Employee |
422 |
-16 |
-974 |
327 |
190 |
|
Fixed
assets/Empl. |
1.43 |
1.07 |
1.14 |
1.07 |
727 |
|
Pers.
costs/Employee |
-347 |
-353 |
-418 |
-372 |
-403 |
|
Contribution
ratio |
N/A |
N/A |
N/A |
N/A |
N/A |
|
Net
profit ratio |
N/A |
N/A |
N/A |
N/A |
N/A |
|
Capacity
ratio |
N/A |
N/A |
N/A |
N/A |
N/A |
|
Return on
investment |
6,47 |
1,03 |
5,35 |
-4,67 |
-13,44 |
|
Operational
leverage |
N/A |
N/A |
N/A |
N/A |
N/A |
|
Wage
ratio |
N/A |
N/A |
N/A |
N/A |
N/A |
|
Stock
turnover |
N/A |
N/A |
N/A |
N/A |
N/A |
|
Asset
turnover |
N/A |
N/A |
N/A |
N/A |
N/A |
|
Debtors
credittime |
N/A |
N/A |
N/A |
N/A |
N/A |
|
Credittime
creditors |
N/A |
N/A |
N/A |
N/A |
N/A |
|
Acid test
ratio I |
103,63 |
44,58 |
30,22 |
91,67 |
163,27 |
|
Acid test
ratio II |
103,63 |
44,58 |
30,22 |
91,64 |
163,14 |
|
Solvency
ratio |
35,40 |
15,08 |
-24,44 |
38,62 |
36,85 |
|
Return on
equity I |
51,30 |
-6,62 |
N/A |
45,03 |
31,19 |
|
Return on
equity II |
51,30 |
-6,62 |
N/A |
45,03 |
31,19 |
|
Zero
turnover |
N/A |
N/A |
N/A |
N/A |
N/A |
|
Margin of
safety |
N/A |
N/A |
N/A |
N/A |
N/A |
|
Capital
ratio |
2,01 |
1,04 |
-2,38 |
4,51 |
4,08 |
|
Intrinsic
value |
201,14 |
103,66 |
-237,82 |
451,20 |
408,46 |
Appendix 1 - Consolidated financial statement
Nomination All financial figures stated in DKK
1.000.
|
Financial year |
2013 |
2012 |
2011 |
2010 |
2009 |
|
Published on |
2014-05-29 |
2013-06-03 |
2012-06-01 |
2011-05-30 |
2010-05-20 |
|
Closing date |
2013-12-31 |
2012-12-31 |
2011-12-31 |
2010-12-31 |
2009-12-31 |
|
No. of months |
12 |
12 |
12 |
12 |
12 |
|
Number of employees |
|
|
|
|
|
|
Profit and
Loss account |
2013 |
2012 |
2011 |
2010 |
2009 |
|
Gross
turnover |
N/A |
N/A |
N/A |
N/A |
N/A |
|
Charges |
N/A |
N/A |
N/A |
N/A |
N/A |
|
Turnover |
495.57 |
531.85 |
1.985.682 |
1.927.836 |
2.056.036 |
|
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 |
N/A |
N/A |
N/A |
N/A |
N/A |
|
External
costs |
N/A |
N/A |
N/A |
N/A |
N/A |
|
Production
costs |
-243.62 |
-250.88 |
-1.050.823 |
-1.017.663 |
-1.084.306 |
|
Gross
profit |
251.95 |
280.97 |
934.86 |
910.17 |
971.73 |
|
Marketing
costs |
-143.03 |
-150.45 |
-581.56 |
-548.12 |
-619.78 |
|
Administration
costs |
-59.47 |
-80.37 |
-274.55 |
-240.92 |
-271.3 |
|
RogD-costs |
N/A |
N/A |
N/A |
N/A |
N/A |
|
Personnel
costs (A) |
N/A |
N/A |
N/A |
N/A |
N/A |
|
Personnel
costs (N) |
-76.13 |
-242.8 |
-360.22 |
-305.64 |
-346.55 |
|
Personnel
costs |
-76.13 |
-242.8 |
-360.22 |
-305.64 |
-346.55 |
|
Depreciation
(acc.) |
N/A |
N/A |
N/A |
N/A |
N/A |
|
Depreciation
(note) |
-3.38 |
-20.96 |
-14.32 |
-12.75 |
-19.19 |
|
Depreciation |
-3.38 |
-20.96 |
-14.32 |
-12.75 |
-19.19 |
|
Other
operat. costs |
-4.55 |
-1.61 |
-2.76 |
-2.06 |
-1.71 |
|
Other
income |
2.56 |
11.72 |
369 |
395 |
146 |
|
Operating
profit |
47.45 |
60.25 |
76.36 |
119.47 |
79.08 |
|
Financing
income |
4.78 |
2.02 |
5.45 |
19.62 |
18.21 |
|
Financing
costs |
-4.02 |
-27.31 |
-26.21 |
-21.75 |
-22.85 |
|
Income
from shares |
0 |
N/A |
-56 |
N/A |
N/A |
|
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 |
-241.36 |
N/A |
N/A |
|
Financial
items |
N/A |
N/A |
N/A |
N/A |
N/A |
|
Financial
income |
4.78 |
2.02 |
5.45 |
19.62 |
18.21 |
|
Financial
expenses |
-4.02 |
-27.31 |
-267.63 |
-21.75 |
-22.85 |
|
Financial
items net |
754 |
-25.29 |
-262.18 |
-2.13 |
-4.64 |
|
Secondary
Items |
-1.7 |
-747 |
-8.35 |
-23.56 |
N/A |
|
Ordinary
result |
46.51 |
34.21 |
-194.17 |
93.79 |
74.44 |
|
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 |
-3.32 |
|
Extraordinary
items |
N/A |
N/A |
N/A |
N/A |
-3.32 |
|
Pre-tax profit |
46.51 |
34.21 |
-194.17 |
93.79 |
71.12 |
|
Tax
o.ext.ord.result |
N/A |
N/A |
N/A |
N/A |
N/A |
|
Tax on
annual result |
-12.49 |
-57.6 |
-10.25 |
-26.47 |
-20.54 |
|
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 |
34.02 |
-23.4 |
-204.42 |
67.32 |
50.57 |
|
Min.int.share
res. |
N/A |
N/A |
N/A |
N/A |
N/A |
|
Res.af.min.int.share |
34.02 |
-23.4 |
-204.42 |
67.32 |
50.57 |
|
Dividend
of result |
30 |
N/A |
N/A |
N/A |
N/A |
|
Assets |
2013 |
2012 |
2011 |
2010 |
2009 |
|
Goodwill |
N/A |
0 |
0 |
N/A |
N/A |
|
Developing project |
490 |
N/A |
N/A |
N/A |
N/A |
|
Patents/other rights |
2.71 |
545 |
3.42 |
4.01 |
2.94 |
|
Other intang.assets |
N/A |
N/A |
N/A |
N/A |
N/A |
|
Intang. fix. assets |
3.2 |
545 |
3.42 |
4.01 |
2.94 |
|
Land and buildings |
N/A |
0 |
0 |
1.13 |
902 |
|
Plant, machinery etc |
6.34 |
6.84 |
40.68 |
19.65 |
25.83 |
|
Assets under constr. |
172 |
908 |
0 |
597 |
25 |
|
Other tangib.assets |
N/A |
N/A |
N/A |
N/A |
N/A |
|
Tang. fixed assets |
6.51 |
7.75 |
40.68 |
21.37 |
26.75 |
|
Participating invest |
N/A |
0 |
115 |
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 |
24.57 |
17.6 |
16.79 |
34.8 |
58.24 |
|
Own shares |
N/A |
N/A |
N/A |
N/A |
N/A |
|
Other fin. assets |
N/A |
13.72 |
21.1 |
22.3 |
22.21 |
|
Fin. fixed assets |
24.57 |
31.31 |
38 |
57.1 |
80.45 |
|
Fixed assets |
34.28 |
39.61 |
82.1 |
82.48 |
110.15 |
|
Inventories |
54.92 |
55.83 |
174.66 |
136.85 |
163.59 |
|
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 |
34.63 |
52.35 |
211.5 |
190.03 |
244.59 |
|
Receivables in group |
45.61 |
19.4 |
0 |
30.12 |
22.52 |
|
Receivables fr.owner |
N/A |
N/A |
N/A |
N/A |
N/A |
|
Other receivables |
7.73 |
11.51 |
43.33 |
31.97 |
19.23 |
|
Pre-paym/accrued inc |
2.77 |
2.28 |
2.52 |
18.98 |
10 |
|
Securities |
100 |
100 |
38.83 |
100 |
100 |
|
Cash in hand/bank |
38.62 |
50.52 |
63.94 |
89.73 |
72.86 |
|
Other current assets |
N/A |
N/A |
N/A |
N/A |
N/A |
|
Current assets |
184.37 |
192 |
534.77 |
497.77 |
532.89 |
|
Balance |
2013 |
2012 |
2011 |
2010 |
2009 |
|
Balance |
218.65 |
231.6 |
616.87 |
580.26 |
643.04 |
|
Liabilities |
2013 |
2012 |
2011 |
2010 |
2009 |
|
Share
capital |
36 |
36 |
36 |
36 |
36 |
|
Revaluation
reserves |
N/A |
N/A |
N/A |
N/A |
N/A |
|
Transferred
result |
6.41 |
5.13 |
-142.19 |
151.92 |
132.61 |
|
Expected
dividend |
30 |
N/A |
N/A |
N/A |
N/A |
|
Other
reserve |
N/A |
-3.82 |
20.57 |
-25.48 |
-21.56 |
|
Premium
on issue |
N/A |
N/A |
N/A |
N/A |
N/A |
|
Own share
of equity |
72.41 |
37.32 |
-85.62 |
162.44 |
147.05 |
|
Min.
interests share |
N/A |
0 |
3.3 |
N/A |
N/A |
|
Equity |
72.41 |
37.32 |
-82.32 |
162.44 |
147.05 |
|
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 |
24.15 |
N/A |
7.36 |
16.43 |
N/A |
|
Provisions |
24.15 |
N/A |
7.36 |
16.43 |
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 |
30.41 |
0 |
36.22 |
31.83 |
106.45 |
|
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 |
1.44 |
33.34 |
1.1 |
5.16 |
8.77 |
|
Long-term
liab. |
31.85 |
33.34 |
37.32 |
36.99 |
115.22 |
|
Cur.liab.to
creditin |
N/A |
N/A |
N/A |
N/A |
N/A |
|
Current
bank debt |
0 |
32.2 |
72.49 |
42.26 |
0 |
|
Cur.liab.
to group |
3.01 |
0 |
217.89 |
N/A |
N/A |
|
Cur.liab.
to owner |
N/A |
N/A |
N/A |
N/A |
N/A |
|
Creditors |
36.97 |
44.41 |
174.01 |
116.14 |
121.82 |
|
Company
tax |
6.78 |
9.9 |
8.84 |
1.42 |
13.74 |
|
Dividend |
N/A |
N/A |
N/A |
N/A |
N/A |
|
Dividends |
30 |
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 |
34.54 |
49.86 |
159.46 |
173.24 |
239.69 |
|
Pre-paym/accrued
inc |
770 |
232 |
272 |
445 |
634 |
|
Oth.cur.
liabilities |
8.17 |
24.35 |
21.55 |
30.9 |
4.9 |
|
Short-term
liab. |
90.23 |
160.95 |
654.51 |
364.39 |
380.77 |
|
Balance |
2013 |
2012 |
2011 |
2010 |
2009 |
|
Total liabilities |
218.65 |
231.6 |
616.87 |
580.26 |
643.04 |
|
Property |
2013 |
2012 |
2011 |
2010 |
2009 |
|
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 |
|
Business names |
4-You A/S |
|
|
Atmosphere A/S |
|
|
Brandtex A/S |
|
|
Brandtex Group A/S |
|
|
Brandtex Retail A/S |
|
|
BTX Accessories A/S |
|
|
BTX Footwear A/S |
|
|
BTX Retail A/S |
|
|
Garment Technology A/S |
|
|
Jensen Coat A/S |
|
|
Jensen Women A/S |
|
|
Maccoy A/S |
|
|
Nice A/S |
|
|
Picco A/S |
|
|
Share Retail A/S |
|
|
Signature A/S |
|
|
Silbor Fashion A/S |
|
|
Uniface A/S |
|
Former names |
Brandtex A/S |
|
|
Brandtex Group A/S |
Advisors
Bankers
REG-no.: 3001
Danske Bank, Holmens Kanal Afdeling
Holmens Kanal 2, 1092 København K
45 12 72 00
Auditor(s) BDO Statsautoriseret
Revisionsaktieselskab - (13. December 2013)
|
Historical
data |
|
|
Established |
1935 |
|
Foundation
date |
18 June
1971 |
|
Date of
registration |
15 May
1972 |
|
Date Art.
of assoc. |
29
December 2014 |
|
Historical
data |
Brandtex A/S has taken over the activities which were previously
carried on by Jefferson ApS (reg 229.888). In 1997 (01.08.1997) the company took over some of the activities
previously carried on by Miss O Gruppen A/S (reg. 210.882). In 1998 (01.11.1998) the company took over the activities previously
carried on by Viggo Falkenberg-Andersen. The company has per 2005 transferred its former activities to Brandtex
A/S (cvr. 75269617). The company was originally formed 18.06.1971, and 01.12.1998 it merged
with Brandtex Invest A/S (reg. 165.443), the registered company being the continuing
one. The company was originally formed 18.06.1971, and 01.12.1998 it merged
with Brandtex Leasing A/S (reg. 165.055), the registered company being the
continuing one. The company merged on 21-01-2015 with Jensen Women A/S (CVR 76348316),
the registered company being the continuing one. The company merged on 21-01-2015 with Brandtex A/S (CVR 75269617), the
registered company being the continuing one. The company merged on 21-01-2015 with Signature A/S (CVR 48792928),
the registered company being the continuing one. |
|
Management
history |
Søren Bach, Managing director (Resigned 8. December 2011) |
|
Board
history |
Bjarne Deleuran Mumm, Chairman (Resigned 18. October 2010) Sanna Mari Suvanto-Harsaae, Chairman (Resigned 28. September 2011) Odd Christopher Hansen, Chairman (Resigned 18. March 2013) Tim Lund Larsen, Chairman (Resigned 2. December 2014) Peter Sjølander, Deputy Chairman (Resigned 18. March 2013) Jannik Kruse Petersen, Member of the board (Resigned 4. January 2011) Karsten Thiel, Member of the board (Resigned 31. May 2011) Peter Korsholm, Member of the board (Resigned 28. September 2011) Hans Kristian Werdelin, Member of the board (Resigned 5. December
2012) Rikke Kjær Nielsen, Member of the board (Resigned 18. March 2013) Åsa Christina Hallert Riisberg, Member of the board (Resigned 18.
March 2013) John Gilbert Helgeland, Member of the board (Resigned 18. March 2013) Kenneth Lindskov Rasmussen, Member of the board (Resigned 2. December
2014) |
|
Auditor(s) |
Ernst
& Young Denmark P/S - (11. September 2009 - 13. December 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. |
|
21 |
January |
2015 |
The company has merged with: Brandtex A/S. |
|
21 |
January |
2015 |
The company has merged with: Signature A/S. |
|
21 |
January |
2015 |
Articles of association changed. |
|
21 |
January |
2015 |
The company
has merged with: Jensen Women A/S. |
|
21 |
January |
2015 |
Ownership
ceased: Subsidiaries Signature A/S. |
|
21 |
January |
2015 |
Ownership
ceased: Subsidiaries Jensen Women A/S. |
|
21 |
January |
2015 |
Ownership
ceased: Subsidiaries Brandtex A/S. |
|
21 |
January |
2015 |
Registration
of merger plan with Signature A/S deleted. |
|
21 |
January |
2015 |
Registration
of merger plan with Brandtex A/S deleted. |
|
21 |
January |
2015 |
Registration
of merger plan with Jensen Women A/S deleted. |
|
2 |
December |
2014 |
Deleted
as Finance: Tim Lund Larsen. |
|
2 |
December |
2014 |
Joined as
Chairman: Kjeld Thoegersen. |
|
2 |
December |
2014 |
Joined as
Member of the board: Marianne Sig Moeller. |
|
2 |
December |
2014 |
Resigned
as Chairman: Tim Lund Larsen. |
|
2 |
December |
2014 |
Resigned
as Member of the board: Kenneth Lindskov Rasmussen. |
|
27 |
November |
2014 |
The
company plans to merge with: Jensen Women A/S. |
|
27 |
November |
2014 |
The company
plans to merge with: Signature A/S. |
|
27 |
November |
2014 |
The
company plans to merge with: Brandtex A/S. |
NOTES
& COMMENTS
N/a
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.20 |
|
|
1 |
Rs.94.71 |
|
Euro |
1 |
Rs.68.60 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
ASH |
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.