|
|
|
MIRA INFORM REPORT
|
Report No. : |
502841 |
|
Report Date : |
07.04.2018 |
IDENTIFICATION DETAILS
|
Name : |
TRESU A/S |
|
|
|
|
Formerly Known As : |
TRESU PRODUCTION A/S |
|
|
|
|
Registered Office : |
Eegsvej 14, 6091 Bjert |
|
|
|
|
Country : |
Denmark |
|
|
|
|
Financials (as on) : |
September, 2017 |
|
|
|
|
Date of Incorporation : |
25.06.1991 |
|
|
|
|
Com. Reg. No.: |
15302798 |
|
|
|
|
Legal Form : |
Limited company |
|
|
|
|
Line of Business : |
·
Manufacture of other special-purpose machinery
n.e.c. ·
Installation of industrial machinery and
equipment ·
Manufacture of office machinery and equipment
(except computers and peripheral equipment) |
|
|
|
|
No. of Employees : |
200 - 499 |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A |
|
Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
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
|
Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
|
Denmark |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
DENMARK - ECONOMIC OVERVIEW
This thoroughly modern market economy features advanced industry with world-leading firms in pharmaceuticals, maritime shipping, and renewable energy, and a high-tech agricultural sector. Danes enjoy a high standard of living, and the Danish economy is characterized by extensive government welfare measures and an equitable distribution of income. An aging population will be a long-term issue.
Denmark’s small open economy is highly dependent on foreign trade, and the government strongly supports trade liberalization. Denmark is a net exporter of food, oil, and gas and enjoys a comfortable balance of payments surplus, but depends on imports of raw materials for the manufacturing sector.
Denmark is a member of the EU but not the eurozone. Despite previously meeting the criteria to join the European Economic and Monetary Union, Denmark has negotiated an opt-out with the EU and is not required to adopt the euro.
Denmark is experiencing a modest economic expansion. The economy grew by 2.0% in 2016 and an estimated 2.3% in 2017. The expansion is expected to decline slightly in 2018. Unemployment stood at 5.8% in 2017, based on the national measure. The labor market was tight in 2017, with corporations experiencing some difficulty finding appropriately-skilled workers to fill billets. The Danish Government offers extensive programs to train unemployed persons to work in sectors that need qualified workers.
Denmark maintained a healthy budget surplus for many years up to 2008, but the global financial crisis swung the budget balance into deficit. The 2017 deficit was 0.6%. The government projects a lower deficit in 2018, and public debt (EMU debt) as a share of GDP is expected to decline. The Danish Government plans to address tax reform and increased defense spending in 2018.
|
Source
: CIA |
Company Summary
|
Business Name |
TRESU A/S |
|
Country |
DENMARK |
|
Company Registration Number |
15302798 |
|
Activity Code |
289900 |
|
Activity Description |
Manufacture of other special-purpose machinery n.e.c. |
|
Company Status |
Normal (Active) |
|
Latest Turnover Figure |
598,202,000 DKK |
|
Latest Shareholder Equity Figure |
70,394,000 DKK |
Basic Information
|
Business Name TRESU A/S |
|
Registered Company Name TRESU A/S |
|
Company Registration Number 15302798 |
|
Country DENMARK |
|
VAT Registration Number 15302798 |
|
Date of Company Registration 25/06/1991 |
|
Legal Form Limited company |
|
Company Status Normal (Active) |
|
Currency of this
Report DKK |
|
Principal Activity Code 289900 |
|
Principal Activity Description Manufacture of other special-purpose
machinery n.e.c. |
|
Contact Address Eegsvej 14, 6091 Bjert |
|
Contact Telephone Number - - |
Main Address
|
Address Eegsvej
14, 6091 Bjert |
|
Country DENMARK |
|
Telephone - - |
Activities
|
Activity Code |
Activity Description |
|
289900 |
Manufacture of other special-purpose machinery n.e.c. |
|
332000 |
Installation of industrial machinery and equipment |
|
282300 |
Manufacture of office machinery and equipment (except computers and
peripheral equipment) |
Email Addresses
Previous Names
|
Previous Name Date Changed from Previous Name |
|
TRESU PRODUCTION A/S 27/06/2007 |
Employee Information
|
Year |
Number of Employees |
|
2017 |
200 - 499 |
|
2016 |
200 - 499 |
|
2015 |
100 - 199 |
Real Estate
|
Value |
|
Y |
Other Trading Names
|
MASKINFABRIKKEN TRESU A/S |
|
TRESU GROUP A/S |
|
TRESU ANLÆG A/S |
|
TRESU PRODUCTION A/S |
Advisors
|
Auditor Name Deloitte
Statsautoriseret Revisionspartnerselskab |
Events
|
Event Date |
Event Description |
|
2018-02-09T09:19:47 |
Rating increased |
|
2016-12-23T03:32:12 |
Rating increased |
|
2016-03-03T14:59:10 |
Rating increased |
|
2016-06-26T02:52:00 |
Rating increased |
|
2016-04-14T02:52:52 |
Rating increased |
|
2016-03-29T02:38:58 |
Rating increased |
|
2016-03-23T02:50:42 |
Rating increased |
|
2016-03-17T03:00:02 |
Rating increased |
|
2016-03-14T02:41:02 |
Rating increased |
|
Event Date |
Event Description |
|
2016-03-08T02:48:43 |
Rating increased |
|
2018-02-16T03:45:34 |
Rating decreased |
|
2017-12-12T04:02:34 |
Rating decreased |
|
2016-03-04T13:41:24 |
Rating decreased |
|
2016-03-30T02:45:53 |
Rating decreased |
|
2016-03-26T02:39:30 |
Rating decreased |
|
2016-03-19T02:53:55 |
Rating decreased |
|
2016-03-15T02:56:15 |
Rating decreased |
|
2016-03-12T02:50:36 |
Rating decreased |
|
2018-02-09T09:19:54 |
Positive limit change |
|
2017-07-07T04:36:05 |
Positive limit change |
|
2016-12-23T03:32:13 |
Positive limit change |
|
2016-03-03T14:59:10 |
Positive limit change |
|
2016-06-26T02:52:00 |
Positive limit change |
|
2016-04-14T02:52:52 |
Positive limit change |
|
2016-03-29T02:38:58 |
Positive limit change |
|
2016-03-17T03:00:02 |
Positive limit change |
|
2016-03-14T02:41:02 |
Positive limit change |
|
2016-03-23T02:50:42 |
Positive limit change |
|
2016-03-08T02:48:43 |
Positive limit change |
|
2018-02-16T03:45:39 |
Negative limit change |
|
2017-12-12T04:02:42 |
Negative limit change |
|
2017-05-31T03:53:05 |
Negative limit change |
|
2016-03-04T13:41:24 |
Negative limit change |
|
2016-03-30T02:45:53 |
Negative limit change |
|
2016-03-26T02:39:30 |
Negative limit change |
|
2016-03-19T02:53:55 |
Negative limit change |
|
2016-03-15T02:56:15 |
Negative limit change |
|
2016-03-12T02:50:36 |
Negative limit change |
financial
Profit and Loss
|
Financial Year |
09/2017 |
09/2016 |
09/2015 |
|
Number of Weeks |
52 |
52 |
52 |
|
Currency |
DKK |
DKK |
DKK |
|
Consolidated Accounts |
No |
No |
No |
|
Revenue |
598,202,000 |
389,386,000 |
358,580,000 |
|
Operating Costs |
508,113,000 |
358,377,000 |
332,106,000 |
|
Operating Profit |
90,089,000 |
31,009,000 |
26,474,000 |
|
Wages & Salaries |
- |
90,480,000 |
90,386,000 |
|
Pension Costs |
- |
7,686,000 |
8,356,000 |
|
Financial Income |
1,948,000 |
897,000 |
2,214,000 |
|
Financial Expenses |
971,000 |
3,557,000 |
1,426,000 |
|
Profit before Tax |
94,522,000 |
38,418,000 |
25,455,000 |
|
Tax |
20,931,000 |
-6,283,000 |
-5,622,000 |
|
Profit after Tax |
73,591,000 |
32,135,000 |
19,833,000 |
|
Dividends |
105,000,000 |
- |
15,000,000 |
|
Retained Profit |
-31,409,000 |
32,135,000 |
4,833,000 |
Balance Sheet
|
Financial Year |
09/2017 |
09/2016 |
09/2015 |
|
Number of Weeks |
52 |
52 |
52 |
|
Currency |
DKK |
DKK |
DKK |
|
Consolidated Accounts |
No |
No |
No |
|
Land & Buildings |
17,319,000 |
18,289,000 |
19,458,000 |
|
Plant & Machinery |
1,555,000 |
2,766,000 |
5,354,000 |
|
Other Tangible Assets |
4,695,000 |
3,441,000 |
4,085,000 |
|
Total Tangible Assets |
23,569,000 |
24,496,000 |
28,897,000 |
|
Goodwill |
8,284,000 |
8,642,000 |
9,818,000 |
|
Other Intangible Assets |
23,323,000 |
26,222,000 |
23,713,000 |
|
Total Intangible Assets |
31,607,000 |
34,864,000 |
33,531,000 |
|
Investments |
28,262,000 |
- |
- |
|
Miscellaneous Fixed Assets |
- |
- |
- |
|
Total Other Fixed Assets |
28,262,000 |
26,259,000 |
17,086,000 |
|
TOTAL FIXED ASSETS |
83,438,000 |
85,619,000 |
79,514,000 |
|
Raw Materials |
35,794,000 |
31,310,000 |
29,317,000 |
|
Work In Progress |
3,082,000 |
1,926,000 |
2,953,000 |
|
Finished Goods |
9,198,000 |
9,491,000 |
14,179,000 |
|
Other Inventories |
33,827,000 |
7,906,000 |
4,355,000 |
|
Total Inventories |
81,901,000 |
50,633,000 |
50,804,000 |
|
Trade Receivables |
51,210,000 |
63,389,000 |
53,316,000 |
|
Group Receivables |
6,188,000 |
11,435,000 |
17,587,000 |
|
Miscellaneous Receivables |
177,691,000 |
56,653,000 |
48,689,000 |
|
Total Receivables |
235,089,000 |
131,477,000 |
119,592,000 |
|
Cash |
1,380,000 |
9,758,000 |
4,201,000 |
|
Other Current Assets |
1,686,000 |
885,000 |
1,061,000 |
|
TOTAL CURRENT ASSETS |
320,056,000 |
192,753,000 |
175,658,000 |
|
TOTAL ASSETS |
403,494,000 |
278,372,000 |
255,172,000 |
|
Trade Payables |
180,537,000 |
64,279,000 |
41,832,000 |
|
Bank Liabilities |
59,364,000 |
10,820,000 |
50,471,000 |
|
Group Payables |
17,876,000 |
20,576,000 |
3,660,000 |
|
Miscellaneous Liabilities |
35,769,000 |
51,135,000 |
45,606,000 |
|
TOTAL CURRENT LIABILITIES |
293,546,000 |
146,810,000 |
141,569,000 |
|
Other Loans Or Finance
Due After 1 Year |
- |
8,810,000 |
9,894,000 |
|
Miscellaneous Liabilities Due After 1 Year |
39,554,000 |
23,639,000 |
21,893,000 |
|
TOTAL LONG TERM LIABILITIES |
39,554,000 |
32,449,000 |
31,787,000 |
|
TOTAL LIABILITIES |
333,100,000 |
179,259,000 |
173,356,000 |
|
Called Up Share Capital |
4,100,000 |
4,100,000 |
4,100,000 |
|
Revenue Reserves |
65,637,000 |
95,013,000 |
62,716,000 |
|
Other Reserves |
657,000 |
- |
15,000,000 |
TOTAL SHAREHOLDERS EQUITY 70,394,000 99,113,000 81,816,000
Other Financials
|
Financial Year |
09/2017 |
09/2016 |
09/2015 |
|
Working Capital |
26,510,000 |
45,943,000 |
34,089,000 |
|
Net Worth |
38,787,000 |
64,249,000 |
48,285,000 |
Ratios
|
Financial Year |
09/2017 |
09/2016 |
09/2015 |
|
Pre-Tax Profit Margin (%) |
15.80 % |
9.87 % |
7.11 % |
|
Return On Capital Employed (%) |
85.97 % |
29.20 % |
22.41 % |
|
Return On Total Assets Employed (%) |
23.43 % |
13.80 % |
9.98 % |
|
Return On Net Assets Employed (%) |
134.28 % |
38.76 % |
31.11 % |
|
Sales/Net Working Capital |
22.57 |
8.48 |
10.51 |
|
Stock Turnover Ratio (%) |
13.69 % |
13.00 % |
14.19 % |
|
Debtor Days |
31.25 |
59.42 |
54.34 |
|
Creditor Days |
110.16 |
60.25 |
42.63 |
|
Current Ratio |
1.09 |
1.31 |
1.24 |
|
Liquidity Ratio/Acid Test |
0.81 |
0.97 |
0.88 |
|
Current Debt Ratio |
4.17 |
1.48 |
1.73 |
|
Gearing (%) |
- |
- |
- |
|
Equity In Percentage (%) |
17.45 % |
35.60 % |
32.06 % |
|
Total Debt Ratio |
4.73 |
1.81 |
2.12 |
Additional financials
|
Financial Year |
09/2017 |
09/2016 |
09/2015 |
|
Cost Of Sales |
442,633,000 |
301,277,000 |
276,985,000 |
|
Gross Profit |
155,569,000 |
88,109,000 |
81,161,000 |
|
Change In Stock |
- |
- |
- |
|
Other Operating Income |
- |
- |
434,000 |
|
Audit Fees |
- |
225,000 |
225,000 |
|
Other Operating Expenses |
- |
- |
- |
|
Extraordinary Net Result |
- |
- |
- |
|
Investment Property |
- |
- |
- |
|
Contract Work In Progress |
170,606,000 |
29,892,000 |
34,465,000 |
|
Revaluation Reserve |
- |
- |
- |
|
Minority Interests |
- |
- |
- |
Share Capital Structure
|
Nominal Share Capital 4,100,100 DKK |
|
Issued Share Capital 4,100,000 DKK |
Shareholders
|
Shareholder |
% Shares Held |
100 |
|
TRESU INVESTMENT A/S |
||
|
Harald Mix |
|
33.76 |
Current Directors
|
Name |
Appointment Date |
Position |
|
Harald Mix |
13/06/2017 |
Reel ejer |
|
Leif Nielsen |
04/03/2016 |
SUPPLEANT |
|
Michael Kjøbsted |
20/06/2016 |
DIREKTØR |
|
DELOITTE STATSAUTORISERET REVISIONSPARTNERSELSKAB |
13/10/2011 |
REVISION |
|
Ola Harald Erici |
06/12/2017 |
BESTYRELSESMEDLEM |
|
Søren Dan Johansen |
21/06/2017 |
BESTYRELSESMEDLEM |
|
Anders Wilhjelm |
06/12/2017 |
BESTYRELSESMEDLEM |
|
Niels Peter Holm Nielsen |
25/06/1991 |
STIFTERE |
|
Thomas Stegeager Kvorning |
06/12/2017 |
BESTYRELSESMEDLEM |
|
Finn Emil Ussing Bygum |
25/06/1991 |
STIFTERE |
|
Erik Gydesen |
25/06/1991 |
STIFTERE |
|
Finn Jensen |
25/06/1991 |
STIFTERE |
|
Carsten Nygaard Knudsen |
06/12/2017 |
FORMAND |
|
Søren Maarssø |
01/07/2013 |
DIREKTØR |
|
Johannes Christian Berger |
25/06/1991 |
STIFTERE |
|
Jesper Ellebæk |
04/03/2016 |
BESTYRELSESMEDLEM |
|
Brian Dencker Brejnbjerg |
30/04/2015 |
BESTYRELSESMEDLEM |
Previous Directors
|
Name |
Appointment Date |
Position |
Resignation Date |
|
PRICEWATERHOUSECOOPERS STATSAUTORISERET REVISIONSAKTIESELSKAB |
25/06/1991 |
REVISION |
04/06/2007 |
|
Thomas Palm Westermann |
21/06/2017 |
BESTYRELSESMEDLEM |
06/12/2017 |
|
Ken Taro Madsen |
21/06/2017 |
BESTYRELSESMEDLEM |
06/12/2017 |
|
PRICEWATERHOUSECOOPERS STATSAUTORISERET REVISIONSAKTIESELSKAB |
04/06/2007 |
REVISION |
09/09/2010 |
|
Peter Vammen |
31/03/2007 |
formand |
09/09/2010 |
|
René Barington |
05/09/2011 |
formand |
19/03/2014 |
|
Asger Bruun-Christensen |
19/03/2014 |
BESTYRELSE |
21/06/2017 |
|
Claus Jørgensen |
22/01/1999 |
BESTYRELSE |
30/04/2015 |
|
Erik Gaj Nielsen |
01/07/2013 |
DIREKTØR |
31/05/2016 |
|
Nils Hansson Nygaard |
27/08/1999 |
formand |
07/12/2006 |
|
Kurt Rasmus Andersen |
06/05/2003 |
BESTYRELSE |
25/02/2013 |
|
Palle Nørgaard |
09/09/2010 |
formand |
05/09/2011 |
|
Thomas Marstrand |
01/07/2013 |
BESTYRELSE |
21/06/2017 |
|
Bent Christian Christensen |
22/12/1997 |
BESTYRELSE |
22/04/2008 |
|
Carsten Havelund |
22/12/1997 |
BESTYRELSE |
22/01/1999 |
|
Peter Bøgh Petersen |
01/10/1999 |
adm. dir |
10/04/2000 |
|
Leif Benny Petersen |
22/12/1997 |
PERSONLIG_SUPPLEANT |
22/04/2008 |
|
Jørgen Kristensen Hansen |
22/12/1997 |
PERSONLIG_SUPPLEANT |
22/01/1999 |
|
Erik Gydesen |
27/02/2008 |
adm. dir |
01/07/2013 |
|
Finn Emil Ussing Bygum |
25/06/1991 |
BESTYRELSE |
09/09/2010 |
|
Gert Jørgensen |
17/08/2007 |
DIREKTION |
15/11/2012 |
|
Finn Jensen |
22/12/1999 |
DIREKTION |
01/09/2003 |
|
Erik Gydesen |
25/06/1991 |
BESTYRELSE |
09/09/2010 |
|
Jonas Højberg Holm |
22/04/2008 |
PERSONLIG_SUPPLEANT |
01/03/2012 |
|
Finn Jensen |
25/06/1991 |
BESTYRELSE |
09/09/2010 |
|
There are more than 25 entries. To see the full list, please view the
website report accompanying the PDF |
|||
Immediate Holding Parent
|
Immediate Holding Company Name VAT/Registration Number |
|
TRESU INVESTMENT A/S 33078897 |
Subsidiary Companies
|
Subsidiary Name Number |
|
No subsidaries for this company |
Affiliates
|
Affiliate Name Country Number |
|
No affiliates for this company |
Negative Information
|
No negative information for this company |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 64.98 |
|
|
1 |
INR 90.95 |
|
Euro |
1 |
INR 79.51 |
|
DKK |
1 |
INR 10.71 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
NIS |
|
|
|
|
Report Prepared
by : |
DNS |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
D |
High Risk |
Business dealing not recommended or on
secured terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
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 are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.