MIRA INFORM REPORT
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Report No. : |
343963 |
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Report Date : |
03.10.2015 |
IDENTIFICATION DETAILS
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Name : |
KMC, KARTOFFELMELCENTRALEN, AMBA |
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Formerly Known As : |
KARTOFFELMELCENTRALEN A.M.B.A. |
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Registered Office : |
Herningvej 60, Brande 7330 |
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Country : |
Denmark |
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Date of Incorporation : |
12.11.1986 |
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Com. Reg. No.: |
15230614 |
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Legal Form : |
Co-operative with limited liability |
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Line of Business : |
Processing and preserving of potatoes. |
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No. of Employee : |
141 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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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 |
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Risk Category |
ECGC
Classification |
|
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.
|
Source
: CIA |
Company
Summary
|
Business Name |
KMC, Kartoffelmelcentralen, AMBA |
|
Country |
DENMARK |
|
Company
Registration Number |
15230614 |
|
Activity Code |
103100 |
|
Activity
Description |
Processing and preserving of potatoes |
|
Company Status |
Active (Active) |
|
Latest Turnover
Figure |
1.072.410.000 DKK |
|
Latest Shareholder Equity
Figure |
249.677.000 DKK |
Basic
Information
|
Business Name |
KMC, Kartoffelmelcentralen, AMBA |
|
Registered Company
Name |
KMC, Kartoffelmelcentralen, AMBA |
|
Company
Registration Number |
15230614 |
|
Country |
DENMARK |
|
Date of Company Registration |
12/11/1986 |
|
Legal Form |
Co-operative with limited liability |
|
Company Status |
Active (Active) |
|
Currency of this
Report |
DKK |
|
Principal Activity
Code |
103100 |
|
Principal Activity
Description |
Processing and preserving of potatoes |
|
Contact Address |
Herningvej 60, Brande 7330 |
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Contact Telephone
Number |
96425555 |
Main
Address
|
Address |
Herningvej 60, Brande 7330 |
|
Country |
DENMARK |
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Telephone |
96425555 |
Activities
|
Activity Code |
Activity
Description |
|
103100 |
Processing and preserving of potatoes |
|
106200 |
Manufacture of starches and starch products |
Email
Addresses
Web
Pages
Previous
Names
Kartoffelmelcentralen A.m.b.A.
K M C, Kartoffelmelcentralen, AMBA
Employee
Information
|
Year |
Number of Employees |
|
2014 |
141 |
|
2013 |
135 |
|
2012 |
127 |
Real
Estate
Real Estate No
Other
Trading Names
|
No other trading names for this company. |
Global
Trading Information
|
Export |
Worldwide |
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|
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Import |
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Other
Information
|
Type |
Text |
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|
|
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No. of employees |
According to information from the business the number of employees is 160. |
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|
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Historical data |
The co-operative society has 3 members. |
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
|
Financial Year |
2014 |
2013 |
2012 |
|
|
|
|
|
|
|
52 |
52 |
52 |
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Currency |
DKK |
DKK |
DKK |
|
Revenue |
1.072.410.000 |
922.231.000 |
924.715.000 |
|
Operating Profit |
112.935.000 |
94.288.000 |
131.315.000 |
|
Retained Profit |
108.583.000 |
89.593.000 |
139.986.000 |
Balance
Sheet
|
Financial Year |
2014 |
2013 |
2012 |
|
|
|
|
|
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Number of Weeks |
52 |
52 |
52 |
|
Currency |
DKK |
DKK |
DKK |
|
Land & Buildings |
- |
|
|
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Plant & Machinery |
- |
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TOTAL ASSETS |
450.642.000 |
444.538.000 |
380.145.000 |
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Other Reserves |
249.677.000 |
253.655.000 |
229.984.000 |
Shareholders
No shareholders data for this company.
Current
Directors
|
Name |
Appointment Date |
Position |
|
Hans Nicolai Hansen |
06/10/2010 |
Managing director |
|
Peter Christian Petersen |
02/03/1995 |
Chairman |
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Anders Dyrberg |
17/08/2006 |
Deputy Chairman |
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Martin Arvad Nielsen |
11/09/2000 |
Member of the board |
|
Jens Jørgen Hansen |
24/07/2003 |
Member of the board |
|
Laurits Holm Rosenlund |
15/09/2008 |
Member of the board |
|
|
Appointment
Date |
Position |
|
Kristian Møller Sørensen |
15/09/2008 |
Member of the board |
|
Henrik Borum |
|
Finance |
|
Bjarne Larsen |
18/08/2010 |
Sales |
|
Jesper Jensen |
05/01/2005 |
Production |
|
Henrik Christiansen |
18/08/2010 |
Purchasing |
Subsidiary
Companies
|
Subsidiary Name |
Country |
|
|
|
|
Vandel Potatoes I/S |
DENMARK |
|
KMC UK Ltd |
UNITED KINGDOM |
|
KMC International A/S |
DENMARK |
|
KMC Ingredients GmbH |
GERMANY |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.65.55 |
|
|
1 |
Rs.99.17 |
|
Euro |
1 |
Rs.73.08 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
ANK |
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 |
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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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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-- |
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.