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Report No. : |
346173 |
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Report Date : |
17.10.2015 |
IDENTIFICATION DETAILS
|
Name : |
GRAM EQUIPMENT A/S |
|
|
|
|
Formerly Known As : |
VICH 5652 A/S |
|
|
|
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Registered Office : |
Aage Grams Vej 1, Vojens 6500 73201700 |
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|
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Country : |
Denmark |
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|
|
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Financials (as on) : |
2014 |
|
|
|
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Date of Incorporation : |
01.11.1998 |
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|
|
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Com. Reg. No.: |
21274208 |
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|
|
|
Legal Form : |
Limited company |
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|
|
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Line of Business : |
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|
|
|
No. of Employee : |
166 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 228198 |
|
Status : |
Moderate |
|
Payment Behaviour : |
Slow but correct |
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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 |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
DENMRK - 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 |
GRAM EQUIPMENT A/S |
|
Country |
DENMARK |
|
Company Registration Number |
21274208 |
|
Activity Code |
289300 |
|
Activity Description |
Manufacture of machinery for food, beverage |
|
Company Status |
Active (Active) |
|
Latest Turnover Figure |
253.926.000 DKK |
|
Latest Shareholder Equity Figure |
103.459.000 DKK |
|
Business Name |
GRAM EQUIPMENT A/S |
|
Registered Company Name |
Gram Equipment A/S |
|
Company Registration Number |
21274208 |
|
Country |
DENMARK |
|
Date of Company Registration |
01/11/1998 |
|
Legal Form |
Limited company |
|
Company Status |
Active (Active) |
|
Currency of this Report |
DKK |
|
Principal Activity Code |
289300 |
|
Principal Activity Description |
Manufacture of machinery for food, beverage |
|
Contact Address |
Aage Grams Vej 1, Vojens 6500 |
|
Contact Telephone Number |
73201700 |
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Main Address |
|
|
Address |
Aage Grams Vej 1, Vojens 6500 |
|
Country |
DENMARK |
|
Telephone |
73201700 |
|
Activity Code |
Activity
Description |
|
289300 |
Manufacture of machinery for food, beverage |
|
282900 |
Manufacture of other general-purpose machinery n.e |
Email Addresses
info@gram-equipment.com
Web Pages
www.gram-equipment.com
Previous Name
VICH 5652 A/S
|
Year |
Number of
Employees |
|
2014 |
166 |
|
2013 |
166 |
|
2012 |
155 |
|
Real Estate |
No |
|
Type |
Name |
|
Business name |
WCB Ice Cream A/S |
|
Export |
Worldwide |
|
Import |
|
|
Type |
Text |
|
Historical data |
In 1999 (01.06) the company took over some of the activities
previously carried on by Gram A/S (CVR-nr. 16208310). |
|
Historical data |
The company merged on 09-09-2015 with WCB Ice Cream ApS (CVR
20601043), the registered company being the continuing one. |
|
Capital conditions |
fully paid up |
|
Event Date |
Detail |
Current Status |
Date Completed |
Additional
Information |
|
2014-09-02 |
Mortgage on property |
|
|
|
|
Date Format |
MM-DD |
|
|
|
Accounts Start Date |
01-01 |
|
|
|
Accounts End Date |
12-31 |
|
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Profit and Loss
|
Financial Year |
2014 |
2013 |
2012 |
|
Number of Weeks |
52 |
52 |
52 |
|
Currency |
DKK |
DKK |
DKK |
|
Revenue |
253.926.000 |
308.268.000 |
307.274.000 |
|
Operating Profit |
-7.838.000 |
11.947.000 |
25.532.000 |
|
Retained Profit |
3.468.000 |
8.968.000 |
19.785.000 |
Balance Sheet
|
Financial Year |
2014 |
2013 |
2012 |
|
Number of Weeks |
52 |
52 |
52 |
|
Currency |
DKK |
DKK |
DKK |
|
Land & Buildings |
- |
|
|
|
Plant & Machinery |
- |
|
|
|
TOTAL ASSETS |
428.746.000 |
170.600.000 |
236.402.000 |
|
Other Reserves |
103.459.000 |
44.536.000 |
50.577.000 |
|
Nominal Share Capital |
30.000.000 DKK |
|
Shareholder |
Address |
% Shares Held |
|
GEH Invest ApS |
Aage Grams Vej 1 Vojens 6500 DNK |
100 |
|
Name |
Appointment Date |
Position |
|
Nis Christian Phillipsen |
06/06/2007 |
General manager |
|
Bror Halvar Johannes Jonzon |
22/06/2010 |
Chairman |
|
Mikael Carl Anders Ahlström |
28/04/2010 |
Member of the board |
|
Håkan Tomas Johansson |
28/04/2010 |
Member of the board |
|
Christian Bruno Cordsen Nielsen |
22/06/2010 |
Member of the board |
|
Niels Lykke Graugaard |
18/10/2013 |
Member of the board |
|
Kurt Overgaard Pedersen |
28/07/2009 |
Elected by employees |
|
Nils Wesenberg Jensen |
29/01/2009 |
Elected by employees |
|
Morten Kongsbak |
|
Finance |
|
Morten Lund-Thomsen |
04/04/2003 |
Marketing |
|
Anders Torbensen |
06/02/2006 |
Sales |
|
Morten Kongsbak |
|
IT |
|
Nis Phillipsen |
|
Production |
|
Ole Nielsen |
|
Personnel |
|
Heinrich Pfeffer |
06/02/2006 |
Purchasing |
|
Michael Lyngø |
|
Internet |
|
Ultimate Holding Company Name |
GEH Invest ApS |
|
|
Ultimate Holding Company Country |
|
|
|
Subsidiary Name |
Country |
|
|
Gram Equipment of Italia S.R.L. |
ITALY |
|
|
Gram Equipment of America Inc. |
UNITED STATES |
|
|
WCB Ice Cream Italy S.R.L. |
ITALY |
|
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.65.11 |
|
|
1 |
Rs.99.50 |
|
Euro |
1 |
Rs.74.24 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
SDA |
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.