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Report No. : |
349732 |
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Report Date : |
20.11.2015 |
IDENTIFICATION DETAILS
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Name : |
JYSK AS |
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Formerly Known As : |
DRAS 1165 A/S JYSK SENGETØJSLAGER A/S |
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Registered Office : |
Sødalsparken 18, Brabrand 8220 |
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Country : |
Denmark |
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Financials (as on) : |
2014 |
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Date of Incorporation : |
01.11.1989 |
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Com. Reg. No.: |
13590400 |
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Legal Form : |
Limited Company |
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Line of Business : |
Retail Sale of Furnishing Fabrics |
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No. of Employees : |
1288 [2014] |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal commitments. |
Satisfactory |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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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 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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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.
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Source
: CIA |
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Business Name |
Jysk A/S |
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Country |
Denmark |
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Company Registration Number |
13590400 |
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Activity Code |
475920 |
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Activity Description |
Retail sale of
furnishing fabrics |
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Company Status |
Active (Active) |
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Local Description |
Businesses at
this level are regarded as having excellent creditworthiness. Small businesses
only have a limited possibility of achieving this level. Businesses at this
level are in a class by themselves and will have results or financial
foundations which are among the best in the country. The credit risk is
regarded as minimal. |
Basic
Information
|
|
|
Business Name |
Jysk A/S |
|
Registered Company
Name |
Jysk A/S |
|
Company
Registration Number |
13590400 |
|
Country |
DENMARK |
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Date of Company
Registration |
01/11/1989 |
|
Legal Form |
Limited company |
|
Company Status |
Active (Active) |
|
Currency of this
Report |
DKK |
|
Principal Activity
Code |
475920 |
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Principal Activity
Description |
Retail sale of furnishing fabrics |
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Contact Address |
Sødalsparken 18, Brabrand 8220 |
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Contact Telephone
Number |
89397500 |
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Main
Address
|
|
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Address |
Sødalsparken 18, Brabrand 8220 |
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Country |
DENMARK |
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Telephone |
89397500 |
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Activity Code |
Activity
Description |
|
475920 |
Retail sale of
furnishing fabrics |
|
479113 |
Retail sale of lamps,
furniture etc. via internet |
|
475910 |
Retail sale of
furniture |
info@jysk.com
www.jysk.dk
DRAS 1165 A/S
JYSK SENGETØJSLAGER A/S
|
Year |
Number of
Employees |
|
2014 |
1288 |
|
2013 |
1240 |
|
2012 |
1267 |
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|
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Real
Estate
|
|
|
Real Estate |
No |
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Other
Trading Names
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|
Type |
Name |
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Business name |
Dansk Sengetøjslager A/S |
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Business name |
Europæisk Sengetøjslager A/S |
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Business name |
Jysk Sengetøjslager A/S |
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Business name |
Nordisk Sengetøjslager A/S |
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Business name |
Skandinavisk Sengetøjslager A/S |
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Popular name |
Jysk Worldwide |
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Global
Trading Information
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Export |
Europe |
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Import |
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Other
Information
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|
Type |
Text |
|
No. of employees |
According to information from the business the number of employees is
1300. |
|
Historical data |
In 1991 the company took over the activities previously carried on by
"Jysk Sengetøjslager A/S" (reg.nr. 62.495). |
|
Historical data |
In 1991 the company took over the activities previously carried on by
"Jysk Sengetøjslager A/S" (reg.nr. 62.495). |
|
Historical data |
In 2002 the company took over the activities previously carried on by
Hobby Hall A/S CVR.21291013. |
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Type |
Text |
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Capital
conditions |
fully paid up |
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Authorization to
sign |
the chairman of
the board, or a manager together with a member of the board |
Additional
Accounts Information
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|
|
Date Format |
MM-DD |
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Accounts Start Date |
09-01 |
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Accounts End Date |
08-31 |
Profit
and Loss
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|||
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Financial Year |
2014 |
2013 |
2012 |
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Number of Weeks |
52 |
52 |
52 |
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Currency |
DKK |
DKK |
DKK |
|
Revenue |
3.275.573.000 |
3.049.174.000 |
2.968.061.000 |
|
Operating Profit |
876.850.000 |
759.085.000 |
329.526.000 |
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Retained Profit |
660.573.000 |
562.358.000 |
251.699.000 |
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Balance
Sheet
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|||
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Financial Year |
2014 |
2013 |
2012 |
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Number of Weeks |
52 |
52 |
52 |
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Currency |
DKK |
DKK |
DKK |
|
Land & Buildings |
- |
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Plant & Machinery |
- |
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TOTAL ASSETS |
2.981.279.000 |
2.490.578.000 |
1.332.194.000 |
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Other Reserves |
2.332.002.000 |
1.671.429.000 |
817.867.000 |
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Nominal Share Capital |
500.000 DKK |
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Shareholders
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||
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Shareholder |
Address |
% Shares Held |
|
Jysk Holding A/S |
Sødalsparken 18
Brabrand 8220 DNK |
90 |
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Current
Directors
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||
|
Name |
Appointment Date |
Position |
|
Jan Bøgh |
29/01/2002 |
General manager |
|
Henrik Naundrup |
10/10/2003 |
General manager |
|
Mikael Havndrup
Nielsen |
27/09/2013 |
General manager |
|
Lars Kristinus
Larsen |
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Chairman |
|
Hans Henrik
Kjølby |
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Member of the
board |
|
Jan Bøgh |
10/10/2003 |
Member of the
board |
|
Jacob Brunsborg |
20/06/2013 |
Member of the board |
|
Henrik Naundrup |
|
Finance |
|
Henrik Naundrup |
10/03/2005 |
IT |
|
Jan Verhoek |
16/02/2007 |
Personnel |
|
Peter Ansager |
14/08/2014 |
Purchasing |
|
Ultimate Holding Company Name |
Jysk Holding A/S |
No subsidiaries for this company
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.11 |
|
|
1 |
Rs.101.03 |
|
Euro |
1 |
Rs.70.77 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
TPT |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
|
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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|
-- |
NB |
New Business |
-- |
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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.