MIRA INFORM REPORT
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Report No. : |
339768 |
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Report Date : |
05.09.2015 |
IDENTIFICATION DETAILS
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Name : |
BRÜEL & KJAER SOUND & VIBRATION MEASUREMENT A/S |
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Registered Office : |
Skodsborgvej 307 2850 Nærum
Rudersdal/Hovedstaden |
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Country : |
Denmark |
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Financials (as on) : |
31.12.2014 |
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Year of Establishment : |
1947 |
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Legal Form : |
Limited company |
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Line of Business : |
Manufacture of instruments and appliances for meas |
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No. of Employees : |
486 |
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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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 |
REGISTERED
NAME & COMPANY SUMMARY
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Identification
- company profile |
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Company name |
Brüel & Kjær Sound & Vibration Measurement A/S |
Phone-no. |
77412000 |
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Address |
Skodsborgvej 307 |
Fax |
45801405 |
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Postal code/city |
2850 Nærum |
Www |
www.bksv.com |
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Municipality/County |
Rudersdal/Hovedstaden |
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info@bksv.com |
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KOB-no. |
126101 |
CVR-no. |
23958414 |
DIRECTORS/MANAGEMENT
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Management |
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Management |
Bjarne Grølsted-Kristensen, Managing director (Joined - 9.
September 2014) |
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Board members |
Eoghan Pól O´lionaird, Chairman (Joined - 18. Feburary 2014) Clive Graeme Watson, Deputy Chairman (Joined - 12. October 2006) Torben Bjørn, Member of the board (Joined - 28. November 2011) Bjarne Grølsted-Kristensen, Member of the board (Joined - 9. September 2014) Lars Birger Nielsen, Elected by employees (Joined - 6. November 1998) Lone Gundelach Kjeldsen, Elected by employees (Joined - 14. May 2014) Tommy Markvard Larsen, Elected by employees (Joined - 14.
May 2014) |
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Divisional managers |
Mikkel Amstrup , Finance Torben Bjørn , Production Lars Winberg , Export |
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NEGATIVE
INFORMATION
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Remarks |
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Mortgage on property |
No |
SHARE
& SHARE CAPITAL INFORMATION
Na
PAYMENT
INFORMATION
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Remarks |
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Official registr. |
No |
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Payment remarks |
No |
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Payment pattern |
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Payments pattern compared to other Danish
businesses (days beyond terms). |
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The graph shows how many days beyond terms
the business has settled accounts reported to KOB and how many days beyond
terms other businesses on average settle their accounts. |
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The graph also shows the development in
payment performance in the last 24 months (0-3 months) (0-24 months) from
time of measurement. |
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On the basis of the above it is now
possible to see whether the business is beginning to settle invoices earlier
or later. |
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Payment performance broken down on time. |
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The graph shows as a percent how many
invoices reported to KOB that the company settled on time (0 days) and how
many it settled beyond due date. |
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The graph also shows the development in the
past 24 months (0-12 months) (0-24 months) from time of measurement, and it
will thus appear whether the business is beginning to settle accounts earlier
or later. |
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The graph shows as a percent how many of
the accounts reported to KOB that the company has settled on time (0 days)
and how many it settled beyond due date. Data on size of invoice will also
show whether the company settles large or small invoices early or late. |
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The graph shows as a percent how many of
the accounts reported to KOB that the company has settled on time (0 days) and
how many it settled beyond due date. Data on size of invoice will also show
whether the company settles large or small invoices early or late. |
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The graph shows invoices reported in the
last 12 months from time of measurement. |
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Export - Import |
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Export areas |
Worldwide |
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Import areas |
Worldwide |
GROUP
STRUCTURE & AFFILIATED COMPANIES
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Group relations and ownership |
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Parent company |
Spectris Denmark ApS (100%) |
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Subsidiaries |
None |
FINANCIAL
INFORMATION
FOREIGN
EXCHANGE RATES
Na
ADDITIONAL
INFORMATION
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Property |
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Property |
Yes |
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Expanded Identification - company profile |
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Company name |
Brüel & Kjær Sound & Vibration |
Phone-no. |
77412000 |
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Measurement A/S |
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Address |
Skodsborgvej 307 |
Fax |
45801405 |
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Postal code/city |
2850 Nærum |
Www |
www.bksv.com |
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Municipality/County |
Rudersdal/Hovedstaden |
E-mail |
info@bksv.com |
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KOB-no. |
126101 |
CVR-no. |
23958414 |
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Employees |
486 |
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Legal form |
Limited company |
Company status |
Active |
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Established |
1947 |
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Activity (trade) |
265100 Manufacture of instruments and
appliances for meas |
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Business names |
Brüel & Kjær Danmark A/S |
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Brüel & Kjær Export A/S |
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Brüel & Kjær Holding A/S |
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Brüel & Kjær Industri A/S |
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Brüel & Kjær Measurement A/S |
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Brüel & Kjær Sound & Vibration A/S |
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BTG Danmark A/S |
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Spectris Holding Denmark A/S |
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Spectris Nordic A/S |
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Former names |
Brüel & Kjær Measurements A/S |
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Spectris Holding Denmark A/S |
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Advisors |
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Bankers |
REG-no.: 3001 Danske Bank, Holmens Kanal Afdeling Holmens Kanal 2, 1092 København K 45 12 72 00 |
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Auditor(s) |
KPMG P/S - (13. October 2014) |
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Historical data |
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Established |
1947 |
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Foundation date |
3. September 1957 |
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Date of registration |
8. Feburary 1958 |
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Date Art. of assoc. |
7. May 2014 |
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Historical data |
The company merged on 18-07-2001 with Brüel
& Kjær Sound & Vibration Measurement A/S , the registered company being the continuing
one. |
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Management history |
Lars Rønn, Managing director (Resigned 30.
April 2015) Arne Rasmussen, General manager (Resigned
9. September 2014) |
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Board history |
James Charles Webster, Chairman (Resigned 18.
Feburary 2014) Henrik Stenbjerre, Member of the board
(Resigned 28. November 2011) Nils Utke Foss, Member of the board
(Resigned 28. November 2011) Arne Rasmussen, Member of the board
(Resigned 9. September 2014) Lars Rønn, Member of the board (Resigned
30. April 2015) Knut Staubo Langmack, Elected by employees
(Resigned 5. March 2013) Karl-Erik Rasmussen, Elected by employees
(Resigned 14. May 2014) Peter Gaardsdal, Elected by employees
(Resigned 14. May 2014) |
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Auditor(s) |
Ernst & Young Godkendt
Revisionspartnerselskab - (22. May 2008 - 13. October 2014) |
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Below you will find a presentation of the
registered events for the company for the latest six months, a maximum of 25
events are shown. |
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11. June 2015 |
Financial statement added: Financial year:
2014, closing date: 2014-12-31. |
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11. June 2015 |
No. of employee-category changed from
500-999 to 200-499. |
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30. April 2015 |
Bjarne Groelsted-Kristensen retired as
General manager and joined as Managing director. |
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30. April 2015 |
Resigned as Managing director: Lars Roenn. |
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30. April 2015 |
Resigned as Member of the board: Lars
Roenn. |
NOTES
& COMMENTS
|
- 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. |
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- recommendation |
Sales on credit to these businesses in
order to increase the sales volume can be recommended, however, provided that
your own information and normal sensible considerations are used in the
analysis. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.40 |
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UK Pound |
1 |
Rs.101.19 |
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Euro |
1 |
Rs.73.89 |
INFORMATION DETAILS
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Analysis Done by
: |
DIV |
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Report Prepared
by : |
VNT |
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.