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Report No. : |
347072 |
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Report Date : |
27.10.2015 |
IDENTIFICATION DETAILS
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Name : |
HAAS-MEINCKE A/S |
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Formerly Known as : |
DFE MEINCKE A/S |
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Registered Office : |
Tonsbakken 10, Skovlunde 2740 |
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Country : |
Denmark |
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Financials (as on) : |
2014 |
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Date of Incorporation : |
01.01.1990 |
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Com. Reg. No.: |
13882037 |
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Legal Form : |
Limited company |
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Line of Business : |
Manufacture of machinery for food, beverage. |
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No. of Employee : |
132 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum C5redit Limit : |
100.000 DKK |
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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
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Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
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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 |
Haas-Meincke A/S |
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Country |
DENMARK |
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Company Registration Number |
13882037 |
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Activity Code |
289300 |
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Activity Description |
Manufacture of machinery for food, beverage and to |
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Company Status |
Active (Active) |
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Latest Turnover Figure |
653.080.000 DKK |
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Latest Shareholder Equity Figure |
38.124.000 DKK |
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Credit Limit |
100.000 DKK |
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Local Description |
Businesses at this level are regarded as having a very good creditworthiness. Small businesses at this level will |
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be in a class by themselves. Large businesses at this level are run with respectable, good results or usually from |
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a strong financial foundation. |
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Business Name |
Haas-Meincke A/S |
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Registered Company Name |
Haas-Meincke A/S |
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Company Registration Number |
13882037 |
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Country |
DENMARK |
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Date of Company Registration |
01/01/1990 |
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Legal Form |
Limited company |
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Company Status |
Active (Active) |
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Currency of this Report |
DKK |
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Principal Activity Code |
289300 |
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Principal Activity Description |
Manufacture of machinery for food, beverage and to |
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Contact Address |
Tonsbakken 10, Skovlunde 2740 |
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Contact Telephone Number |
77429200 |
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Address |
Tonsbakken 10, Skovlunde 2740 |
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Country |
DENMARK |
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Telephone |
77429200 |
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Activity Code |
Activity Description |
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289300 |
Manufacture of machinery for food, beverage and to |
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466900 |
Wholesale of other machinery and equipment |
DFE Meincke A/S
Meincke A/S
Meincke Food Processing Equipment A/S
Newco A/S
Sasib Bakery Nordic A/S
Sasib Nordic A/S
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Year |
Number of Employees |
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2014 |
132 |
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2013 |
126 |
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2012 |
109 |
Real Estate No
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Type |
Name |
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Business name |
Danish Food Equipment International A/S |
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Business name |
Meincke A/S |
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Business name |
DFE Meincke A/S |
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Business name |
Meincke Food Processing Equipment A/S |
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Export |
Worldwide |
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Import |
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Type |
Text |
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No. of employees |
According to information from the business the number of employees is
160. |
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Historical data |
The company was originally formed 1990, and 1990 it
merged with Meincke Food Processing Equipment A/S (reg. 49432), the |
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registered company being the continuing one. |
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The company merged on 09-01-2011 with Danish Food
Equipment International (CVR 19266680) , the registered company being |
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the continuing one. |
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Historical data |
The company merged on 27-02-2015 with Haas-Meincke
Holding A/S (CVR 28301863), the registered company being the |
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continuing one. |
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Historical data |
The company was originally formed in 1990 under the
name of Newco A/S, but has changed its name several times, most recently |
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in 2010 to its present name. |
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Historical data |
The company's assets and liabilities have been transferred to CVR-no.
29153744, Meincke Ejendomme A/S. |
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Capital conditions |
fully paid up |
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Date Format |
MM-DD |
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Accounts Start Date |
01-01 |
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Accounts End Date |
12-31 |
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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 |
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Revenue |
653.080.000 |
601.758.000 |
559.622.000 |
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Operating Profit |
-4.817.000 |
-37.258.000 |
-11.086.000 |
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Retained Profit |
5.391.000 |
-21.911.000 |
2.600.000 |
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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 |
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Land & Buildings |
- |
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Plant & Machinery |
- |
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TOTAL ASSETS |
304.171.000 |
256.006.000 |
316.527.000 |
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Other Reserves |
38.124.000 |
35.085.000 |
39.810.000 |
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Nominal Share Capital |
5.000.000 DKK |
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Shareholder |
Address |
% Shares Held |
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Haas-Food Equipment |
AUT |
85 |
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Name |
Appointment Date |
Position |
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Frank Müntzberg |
19/12/2002 |
General manager |
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Rolf Brandhøj Overgaard |
22/05/2014 |
General manager |
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Stefan Jiraschek |
22/12/2009 |
Chairman |
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Johannes Haas |
22/12/2009 |
Deputy Chairman |
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Frank Müntzberg |
07/08/2003 |
Member of the board |
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Josef Haas |
22/12/2009 |
Member of the board |
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Rolf Brandhøj Overgaard |
22/05/2014 |
Member of the board |
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Hans-Christian Jørgensen |
21/11/2014 |
Elected by employees |
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Claus Møller Madsen |
21/11/2014 |
Elected by employees |
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Lene Bundgaard |
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Finance |
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Michael Hansen |
03/03/2015 |
Sales |
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Jan Diamant |
03/03/2015 |
IT |
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Bjarne Marstal |
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Internet |
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Rolf Brandhøj Overgaard |
22/05/2014 |
Production |
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Jørgen Maartonson |
20/04/2012 |
Purchasing |
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Henrik Berg |
20/04/2012 |
Purchasing |
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Anders Petterson |
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Purchasing |
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Ultimate Holding Company Name |
Haas-Food Equipment |
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Ultimate Holding Company Country |
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Subsidiary Name |
Country |
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2E Ellgard Equipment A/S |
DENMARK |
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Meincke Ejendomme A/S |
DENMARK |
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Haas-Meincke BV |
NETHERLANDS |
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Haas-Meincke Austria G.m.b.H |
AUSTRIA |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.64.96 |
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|
1 |
Rs.99.55 |
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Euro |
1 |
Rs.71.64 |
INFORMATION DETAILS
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Analysis Done by
: |
HNA |
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Report Prepared
by : |
ANK |
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.