MIRA
INFORM REPORT
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Report No. : |
345706 |
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Report Date : |
19.10.2015 |
IDENTIFICATION DETAILS
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Name : |
SUZLON ENERGY A/S |
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Registered Office : |
Bredskifte Alle 13, |
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Country : |
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Financials (as on) : |
2015 |
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Date of Incorporation : |
20.08.2004 |
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Com. Reg. No.: |
28101120 |
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Legal Form : |
Limited company |
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Line of Business : |
Activities of non-financial head offices [Note: We tried to confirm /
obtain the detailed activity but the same is not available from any sources] |
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No. of Employee : |
34 |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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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Status : |
Moderate |
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Payment Behaviour : |
Slow |
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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 |
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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 |
Suzlon Energy A/S |
|
Country |
DENMARK |
|
Company
Registration Number |
28101120 |
|
Activity Code |
701010 |
|
Activity
Description |
Activities of non-financial head offices |
|
Company Status |
Active (Active) |
|
Latest Turnover
Figure |
59.578.000 DKK |
|
Latest Shareholder
Equity Figure |
-18.450.000 DKK |
Basic Information
|
Business Name |
Suzlon Energy A/S |
|
Registered Company
Name |
Suzlon Energy A/S |
|
Company
Registration Number |
28101120 |
|
Country |
DENMARK |
|
Date of Company Registration |
20/08/2004 |
|
Legal Form |
Limited company |
|
Company Status |
Active (Active) |
|
Currency of this
Report |
DKK |
|
Principal Activity
Code |
701010 |
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Principal Activity
Description |
Activities of non-financial head offices |
|
Contact Address |
Bredskifte Alle 13, Aarhus V 8210 |
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Contact Telephone
Number |
89438943 |
Main Address
|
Address |
Bredskifte Alle 13, Aarhus V 8210 |
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Country |
DENMARK |
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Telephone |
89438943 |
Activities
|
Activity Code |
Activity
Description |
|
701010 |
Activities of non-financial head offices |
Email Addresses
Web Pages
Employee Information
|
Year |
Number of
Employees |
|
2015 |
34 |
|
2014 |
57 |
|
2013 |
86 |
Real Estate
Real Estate No
Other Trading Name
|
Type |
Name |
|
Business name |
Suzlon Wind Energy A/S |
Global Trading Information
|
Export |
Worldwide |
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Import |
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Other Information
|
Type |
Text |
|
Historical data |
The company merged on 22-05-2012 with Suzlon Wind Energy A/S (CVR 29615357), the registered company being the continuing one. |
|
Capital conditions |
fully paid up |
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Authorisation to sign |
a member of the board alone |
Additional Accounts Information
|
Date Format |
MM-DD |
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Accounts Start Date |
04-01 |
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Accounts End Date |
03-31 |
Profit and Loss
|
Financial Year |
2015 |
2014 |
2013 |
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Number of Weeks |
52 |
52 |
52 |
|
Currency |
EUR |
EUR |
EUR |
|
Revenue |
59.578.000 |
88.814.000 |
71.844.000 |
|
Operating Profit |
-58.129.000 |
-158.971.000 |
-71.427.000 |
|
|
-64.441.000 |
-462.295.000 |
-86.743.000 |
|
Financial Year |
2015 |
2014 |
2013 |
|
Number of Weeks |
52 |
52 |
52 |
|
Currency |
EUR |
EUR |
EUR |
|
Land & Buildings |
- |
|
|
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Plant & Machinery |
- |
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|
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TOTAL ASSETS |
778.268.000 |
1.439.470.000 |
1.157.479.000 |
|
Other Reserves |
-18.450.000 |
-252.675.000 |
209.259.000 |
Share Capital Structure
|
Nominal Share Capital |
76.471.476 DKK |
Shareholders
|
Shareholder |
Address |
% Shares Held |
|
Suzlon Energy Ltd. |
IND |
|
Current Directors
|
Name |
Appointment Date |
Position |
|
Rohit Modi |
13/01/2015 |
Managing director |
|
Frans Hilbert Jan Visscher |
04/05/2010 |
Chairman |
|
Amit Agarwal |
13/01/2015 |
Member of the board |
|
Rohit Modi |
13/01/2015 |
Member of the board |
|
Erik W Pedersen |
03/02/2006 |
Sales |
|
Hanne Fynbo |
25/09/2008 |
Personnel |
Ultimate Holding Parent
|
Ultimate Holding Company Name |
Suzlon Energy Ltd. |
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Ultimate Holding Company Country |
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Subsidiary Companies
|
Subsidiary Name |
Country |
|
Suzlon Wind Energy Corporation |
UNITED STATES |
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Suzlon Energy Australia PTY ltd. |
AUSTRALIA |
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Suzlon Energy Korea Co Ltd. |
REPUBLIC OF KOREA |
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Suzlon Wind Energy Romania Srl. |
ROMANIA |
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Suzlon Energy Nicaragua SA |
NICARAGUA |
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Suzlon Wind Energy BH |
BOSNIA AND HERZEGOVINA |
|
Ademco S.A. |
GREECE |
|
Adest Srl. |
ITALY |
|
Div Wind OOD |
BULGARIA |
|
Nuova Renerg Srl. |
ITALY |
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Suzlon Energia Eólica do Brasil Ltda. |
BRAZIL |
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Suzlon Energy Italy Srl. |
ITALY |
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Suzlon Energy Portugal - Energia Eólica Lda. |
PORTUGAL |
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Suzlon Wind Energy Bulgaria EOOD |
BULGARIA |
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Suzlon Wind Energy Espana, S.L.U. |
SPAIN |
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Suzlon Wind Energy Sanayi ve Ticaret Lim. Sirketi |
TURKEY |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.64.97 |
|
|
1 |
Rs.100.54 |
|
Euro |
1 |
Rs.73.99 |
INFORMATION DETAILS
|
Analysis Done by
: |
KIN |
|
|
|
|
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 |
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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 |
|
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.