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MIRA
INFORM REPORT
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Report No. : |
505851 |
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Report Date : |
24.04.2018 |
IDENTIFICATION DETAILS
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Name : |
DAMSTAHL A S |
|
|
|
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Registered Office : |
Danmarksvej 28, 8660 Skanderborg |
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|
|
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Country : |
Denmark |
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|
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Financials (as on) : |
December 2016 |
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|
|
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Date of Incorporation : |
08.12.1969 |
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|
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Com. Reg. No.: |
23256118 |
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|
|
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Legal Form : |
Limited company |
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|
|
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Line of Business : |
Wholesale of metals and metal ores |
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|
|
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No. of Employees : |
50 – 99 (2017) |
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+ |
Low Risk |
Business dealings permissible with low
risk of default |
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Status : |
Good |
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|
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Payment Behaviour : |
Regular |
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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
|
Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
|
Denmark |
A2 |
A2 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low Risk |
A2 |
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Moderately Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderately High Risk |
C1 |
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High Risk |
C2 |
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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.
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Source
: CIA |
Company Summary
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Business Name |
DAMSTAHL A/S |
|
Safe Number |
DK03069133 |
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Country |
DENMARK |
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Company Registration Number |
23256118 |
|
Activity Code |
467200 |
|
Activity Description |
Wholesale of metals and metal ores |
|
Company Status |
Normal (Active) |
|
Latest Turnover Figure |
644.631.000 DKK |
|
Latest Shareholder Equity Figure |
596.296.000 DKK |
Basic Information
|
Business Name |
DAMSTAHL A/S |
|
Registered Company Name |
DAMSTAHL A/S |
|
Company Registration Number |
23256118 |
|
Country |
DENMARK |
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VAT Registration Number |
23256118 |
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Date of Company Registration |
08/12/1969 |
|
Legal Form |
Limited company |
|
Company Status |
Normal (Active) |
|
Currency of this Report |
DKK |
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Principal Activity Code |
467200 |
|
Principal Activity Description |
Wholesale of metals and metal ores |
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Contact Address |
Danmarksvej 28, 8660 Skanderborg |
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Contact Telephone Number |
- |
Main Address
|
Address |
Danmarksvej 28, 8660 Skanderborg |
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Country |
DENMARK |
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Telephone |
- |
Activities
|
Activity Code |
Activity Description |
|
467200 |
Wholesale of metals and metal ores |
Email Addresses
No email addresses for this
company
Employee Information
|
Year |
Number of Employees |
|
2017 |
50 - 99 |
|
2016 |
50 - 99 |
|
2015 |
50 - 99 |
Real Estate
Value
Y
Other Trading Names
No information for this company.
Advisors
|
Auditor Name |
Ernst & Young Godkendt Revisionspartnerselskab |
Profit and Loss
|
Financial
Year |
12/2016 |
12/2015 |
12/2014 |
|
Number of Weeks |
52 |
52 |
52 |
|
Currency |
DKK |
DKK |
DKK |
|
Consolidated Accounts |
No |
No |
No |
|
Revenue |
644.631.000 |
664.045.000 |
674.441.000 |
|
Operating Costs |
636.661.000 |
664.177.000 |
658.066.000 |
|
Operating Profit |
7.970.000 |
-132.000 |
16.375.000 |
|
Wages & Salaries |
45.277.000 |
40.879.000 |
43.553.000 |
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Pension Costs |
5.813.000 |
5.988.000 |
5.940.000 |
|
Depreciation |
6.664.000 |
6.697.000 |
6.744.000 |
|
Financial Income |
7.277.000 |
7.202.000 |
6.883.000 |
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Financial
Expenses |
606.000 |
8.932.000 |
2.577.000 |
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Profit
before Tax |
35.439.000 |
-2.784.000 |
53.801.000 |
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Tax |
3.293.000 |
-372.000 |
5.445.000 |
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Profit
after Tax |
32.146.000 |
-2.412.000 |
48.356.000 |
|
Dividends |
10.000.000 |
- |
15.000.000 |
|
Retained
Profit |
22.146.000 |
-2.412.000 |
33.356.000 |
Balance
Sheet
|
Financial Year |
12/2016 |
12/2015 |
12/2014 |
|
Number
of Weeks |
52 |
52 |
52 |
|
Currency |
DKK |
DKK |
DKK |
|
Consolidated
Accounts |
No |
No |
No |
|
Land
& Buildings |
35.675.000 |
37.854.000 |
40.206.000 |
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Other
Tangible Assets |
7.621.000 |
8.519.000 |
10.184.000 |
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Total
Tangible Assets |
43.296.000 |
46.373.000 |
50.390.000 |
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Other
Intangible Assets |
6.083.000 |
5.630.000 |
2.740.000 |
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Total
Intangible Assets |
6.083.000 |
5.630.000 |
2.740.000 |
|
Investments |
52.233.000 |
45.105.000 |
36.121.000 |
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Miscellaneous
Fixed Assets |
- |
- |
- |
|
Total
Other Fixed Assets |
397.794.000 |
378.046.000 |
369.534.000 |
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TOTAL
FIXED ASSETS |
447.173.000 |
430.049.000 |
422.664.000 |
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Finished
Goods |
143.433.000 |
138.834.000 |
156.201.000 |
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Other
Inventories |
- |
- |
- |
|
Total
Inventories |
- |
138.834.000 |
156.201.000 |
|
Trade
Receivables |
91.701.000 |
83.318.000 |
86.150.000 |
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Group
Receivables |
19.497.000 |
9.586.000 |
11.207.000 |
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Miscellaneous
Receivables |
- |
2.591.000 |
3.051.000 |
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Total
Receivables |
111.198.000 |
95.495.000 |
100.408.000 |
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Cash |
1.540.000 |
22.039.000 |
29.553.000 |
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Other
Current Assets |
150.607.000 |
3.969.000 |
2.518.000 |
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TOTAL
CURRENT ASSETS |
263.345.000 |
260.337.000 |
288.680.000 |
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TOTAL
ASSETS |
710.518.000 |
690.386.000 |
711.344.000 |
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Trade
Payables |
33.638.000 |
22.748.000 |
20.285.000 |
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Other
Loans Or Finance |
44.627.000 |
62.107.000 |
74.263.000 |
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Group
Payables |
462.000 |
584.000 |
1.541.000 |
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Miscellaneous
Liabilities |
13.983.000 |
13.990.000 |
14.520.000 |
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TOTAL
CURRENT LIABILITIES |
92.710.000 |
99.429.000 |
110.609.000 |
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Other
Loans Or Finance Due After 1 Year |
17.079.000 |
17.079.000 |
17.079.000 |
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Miscellaneous
Liabilities Due After 1 Year |
4.433.000 |
3.579.000 |
3.885.000 |
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TOTAL
LONG TERM LIABILITIES |
21.512.000 |
20.658.000 |
20.964.000 |
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TOTAL
LIABILITIES |
114.222.000 |
120.087.000 |
131.573.000 |
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Called
Up Share Capital |
100.000.000 |
100.000.000 |
100.000.000 |
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Revenue
Reserves |
233.859.000 |
234.747.000 |
236.237.000 |
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Other
Reserves |
262.437.000 |
235.552.000 |
243.534.000 |
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TOTAL
SHAREHOLDERS EQUITY |
596.296.000 |
570.299.000 |
579.771.000 |
Other Financials
|
Financial Year |
12/2016 |
12/2015 |
12/2014 |
|
Working Capital |
170.635.000 |
160.908.000 |
178.071.000 |
|
Net Worth |
590.213.000 |
564.669.000 |
577.031.000 |
Ratios
|
Financial Year |
12/2016 |
12/2015 |
12/2014 |
|
Pre-Tax Profit Margin (%) |
5.50 % |
-0.42 % |
7.98 % |
|
Return On Capital Employed (%) |
5.74 % |
-0.47 % |
8.96 % |
|
Return On Total Assets Employed (%) |
4.99 % |
-0.40 % |
7.56 % |
|
Return On Net Assets Employed (%) |
5.94 % |
-0.49 % |
9.28 % |
|
Sales/Net Working Capital |
3.78 |
4.13 |
3.79 |
|
Stock Turnover Ratio (%) |
- |
20.91 % |
23.16 % |
|
Debtor Days |
51.92 |
45.80 |
46.62 |
|
Creditor Days |
19.05 |
12.50 |
10.98 |
|
Current Ratio |
2.84 |
2.62 |
2.61 |
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Liquidity Ratio/Acid Test |
2.84 |
1.22 |
1.20 |
|
Current Debt Ratio |
0.16 |
0.17 |
0.19 |
|
Gearing (%) |
- |
- |
- |
|
Equity In Percentage (%) |
83.92 % |
82.61 % |
81.50 % |
|
Total Debt Ratio |
0.19 |
0.21 |
0.23 |
Additional financials
|
Financial Year |
12/2016 |
12/2015 |
12/2014 |
|
Cost Of Sales |
546.922.000 |
579.620.000 |
571.706.000 |
|
Gross Profit |
97.709.000 |
84.425.000 |
102.735.000 |
|
Change In Stock |
- |
- |
- |
|
Other Operating Income |
- |
- |
- |
|
Audit Fees |
- |
325.000 |
325.000 |
|
Other Operating Expenses |
- |
- |
- |
|
Extraordinary Net Result |
- |
- |
- |
|
Investment Property |
- |
- |
- |
|
Contract Work In Progress |
- |
- |
- |
|
Revaluation Reserve |
252.437.000 |
235.552.000 |
228.534.000 |
|
Minority Interests |
- |
- |
- |
Share Capital Structure
|
Nominal Share Capital |
100.000.000 DKK |
|
Issued Share Capital |
100.000.000 DKK |
Shareholders
|
Shareholder |
% Shares Held |
|
Harry Joseph Ehrenberg |
25 |
Current Directors
|
Name |
Appointment Date |
Position |
|
Harry Joseph Ehrenberg |
14/08/2009 |
Reel ejer |
|
Wolf Ehrenberg |
26/05/2014 |
formand |
|
Jan-Mikael Sthaalros |
08/12/1969 |
DIREKTION |
|
ERNST & YOUNG Godkendt Revisionspartnerselskab |
10/10/2014 |
REVISION |
|
Ilona Senderowicz |
08/07/2010 |
BESTYRELSE |
|
Wolf Ehrenberg |
14/08/2009 |
Reel ejer |
|
Ilona Senderowicz |
14/08/2009 |
Reel ejer |
|
Ruth Esther Segev |
14/08/2009 |
Reel ejer |
|
Harry Joseph Ehrenberg |
26/05/2014 |
næstformand |
|
Casper Moltke |
08/12/1969 |
BESTYRELSE |
Previous Directors
|
Name |
Appointment Date |
Position |
Resignation Date |
|
Georg Rapp Reinhard |
08/12/1969 |
BESTYRELSE |
21/05/2008 |
|
Jan-Mikael Sthaalros |
08/12/1969 |
BESTYRELSE |
10/05/2007 |
|
Niels Jørgen Ryø |
08/12/1969 |
REVISION |
04/06/1991 |
|
CJ Partnership I/S |
08/12/1969 |
REVISION |
01/07/1992 |
|
Dieter Rolf Nanz |
08/12/1969 |
BESTYRELSE |
18/04/2000 |
|
Henry Ehrenberg |
08/12/1969 |
formand |
22/03/2010 |
|
Lea Ehrenberg |
08/12/1969 |
næstformand |
08/07/2010 |
Group Structure
No group structure for this company
Negative Information
No negative information for this company
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 66.22 |
|
|
1 |
INR 92.84 |
|
Euro |
1 |
INR 81.27 |
|
DKK |
1 |
INR 10.88 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
VAR |
|
|
|
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Report Prepared
by : |
TRU |
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 |
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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.