|
|
|
MIRA
INFORM REPORT
|
Report No. : |
490623 |
|
Report Date : |
07.02.2018 |
IDENTIFICATION DETAILS
|
Name : |
COOP DANMARK AS |
|
|
|
|
Formerly Known As : |
COOP NORDEN DANMARK A/S |
|
|
|
|
Registered Office : |
Roskildevej 65, 2620
Albertslund |
|
|
|
|
Country : |
Denmark |
|
|
|
|
Financials (as on) : |
December 2016 |
|
|
|
|
Date of Incorporation : |
02.10.2001 |
|
|
|
|
Com. Reg. No.: |
26259495 |
|
|
|
|
Legal Form : |
Limited company |
|
|
|
|
Line of Business : |
·
Supermarkets ·
Other retail sale in non-specialized stores ·
Retail sale of groceries and late-night stores |
|
|
|
|
No. of Employees : |
1000 – 999999 [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 |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
No Complaints |
|
|
|
|
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 (30.06.2017) |
Current Rating (30.09.2017) |
|
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 a high-tech agricultural sector, advanced industry with world-leading firms in pharmaceuticals, maritime shipping, and in renewable energy, and a high dependence on foreign trade. 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. 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 is a member of the EU; Danish legislation and regulations conform to EU standards on almost all issues. 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. Within the EU, Denmark is among the strongest supporters of trade liberalization.
Denmark is experiencing a modest economic expansion. The economy grew by 1.7% in 2016 and an estimated 1.9% in 2017. The expansion is expected to continue at similar rates in 2018. The labor market has strengthened since 2013, and unemployment stood at 5.8% in 2017, based on the national measure. Productivity growth was significantly below the OECD average from the mid-1990s until 2011, but has increased in recent years. Improvement in productivity is needed to ensure continued growth.
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. In 2015, household indebtedness remained relatively high at more than 292% of net disposable income, while household net worth - from private pension schemes and other assets - amounted to 497% of net disposable income.
|
Source : CIA |
Company name
COOP DANMARK A/S 26259495
Company Summary
|
Business Name |
COOP DANMARK A/S |
|
Country |
DENMARK |
|
Company Registration Number |
26259495 |
|
Activity Code |
471120 |
|
Activity Description |
Supermarkets |
|
Company Status |
Normal (Active) |
|
Latest Turnover Figure |
36,899,000,000 DKK |
|
Latest Shareholder Equity Figure |
2,369,000,000 DKK |
Basic Information
|
Business Name |
COOP DANMARK A/S |
|
Registered Company Name |
COOP DANMARK A/S |
|
Company Registration Number |
26259495 |
|
Country |
DENMARK |
|
VAT Registration Number |
26259495 |
|
Date of Company Registration |
02/10/2001 |
|
Legal Form |
Limited company |
|
Company Status |
Normal (Active) |
|
Currency of this Report |
DKK |
|
Principal Activity Code |
471120 |
|
Principal Activity Description |
Supermarkets |
|
Contact Address |
Roskildevej 65, 2620 Albertslund |
|
Contact Telephone Number |
43864386 |
Main Address
|
Address |
Roskildevej 65, 2620 Albertslund |
|
Country |
DENMARK |
|
Telephone |
43864386 |
Activities
|
Activity Code |
Activity Description |
|
471120 |
Supermarkets |
|
471900 |
Other retail sale in non-specialized stores |
|
471110 |
Retail sale of groceries and late-night stores |
Previous Names
|
Previous Name |
Date Changed from Previous Name |
|
COOP NORDEN DANMARK A/S |
11/09/2005 |
Employee Information
|
Year |
Number of Employees |
|
2017 |
1000 - 999999 |
|
2016 |
1000 - 999999 |
|
2015 |
1000 - 999999 |
Value
Y
IRMATORVET A/S IRMA A/S
Advisors
|
Auditor Name |
Deloitte Statsautoriseret Revisionspartnerselskab |
Events
--
Financials
|
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 |
36,899,000,000 |
37,506,000,000 |
37,681,000,000 |
|
Operating Costs |
36,689,000,000 |
37,136,000,000 |
37,301,000,000 |
|
Operating Profit |
210,000,000 |
370,000,000 |
380,000,000 |
|
Wages & Salaries |
3,262,000,000 |
3,090,000,000 |
3,073,000,000 |
|
Pension Costs |
340,000,000 |
303,000,000 |
311,000,000 |
|
Depreciation |
431,000,000 |
414,000,000 |
425,000,000 |
|
Financial Income |
13,000,000 |
18,000,000 |
31,000,000 |
|
Financial Expenses |
73,000,000 |
79,000,000 |
109,000,000 |
|
Profit before Tax |
86,000,000 |
299,000,000 |
271,000,000 |
|
Tax |
35,000,000 |
-58,000,000 |
-75,000,000 |
|
Profit after Tax |
51,000,000 |
241,000,000 |
196,000,000 |
|
Dividends |
150,000,000 |
150,000,000 |
200,000,000 |
|
Retained Profit |
-99,000,000 |
91,000,000 |
-4,000,000 |
|
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 |
2,967,000,000 |
2,949,000,000 |
2,982,000,000 |
|
Other Tangible Assets |
1,159,000,000 |
1,193,000,000 |
1,158,000,000 |
|
Total Tangible Assets |
4,126,000,000 |
4,142,000,000 |
4,140,000,000 |
|
Other Intangible Assets |
639,000,000 |
581,000,000 |
464,000,000 |
|
Total Intangible Assets |
639,000,000 |
581,000,000 |
464,000,000 |
|
Investments |
209,000,000 |
153,000,000 |
124,000,000 |
|
Miscellaneous Fixed Assets - - - |
|
|
|
|
Total Other Fixed Assets |
346,000,000 |
424,000,000 |
450,000,000 |
|
TOTAL FIXED ASSETS |
5,111,000,000 |
5,147,000,000 |
5,054,000,000 |
|
Finished Goods |
2,059,000,000 |
2,055,000,000 |
1,995,000,000 |
|
Other Inventories |
28,000,000 |
38,000,000 |
53,000,000 |
|
Total Inventories |
2,087,000,000 |
2,093,000,000 |
2,048,000,000 |
|
Trade Receivables |
1,385,000,000 |
521,000,000 |
718,000,000 |
|
Group Receivables |
1,190,000,000 |
1,237,000,000 |
1,287,000,000 |
|
Miscellaneous Receivables |
233,000,000 |
274,000,000 |
307,000,000 |
|
Total Receivables |
2,808,000,000 |
2,032,000,000 |
2,312,000,000 |
|
Cash |
1,343,000,000 |
1,423,000,000 |
1,366,000,000 |
|
Other Current Assets |
93,000,000 |
74,000,000 |
99,000,000 |
|
TOTAL CURRENT ASSETS |
6,331,000,000 |
5,622,000,000 |
5,825,000,000 |
|
TOTAL ASSETS |
11,442,000,000 |
10,769,000,000 |
10,879,000,000 |
|
Trade Payables |
4,729,000,000 |
4,796,000,000 |
4,555,000,000 |
|
Group Payables |
29,000,000 |
37,000,000 |
46,000,000 |
|
Miscellaneous Liabilities |
2,708,000,000 |
1,815,000,000 |
2,209,000,000 |
|
TOTAL CURRENT LIABILITIES |
7,466,000,000 |
6,648,000,000 |
6,810,000,000 |
|
Other Loans Or Finance Due After 1 Year |
1,381,000,000 |
1,474,000,000 |
1,514,000,000 |
|
Miscellaneous Liabilities Due After 1 Year |
226,000,000 |
204,000,000 |
170,000,000 |
|
TOTAL LONG TERM LIABILITIES |
1,607,000,000 |
1,678,000,000 |
1,684,000,000 |
|
TOTAL LIABILITIES |
9,073,000,000 |
8,326,000,000 |
8,494,000,000 |
|
Called Up Share Capital |
102,000,000 |
102,000,000 |
102,000,000 |
|
Revenue Reserves |
2,137,000,000 |
2,354,000,000 |
2,263,000,000 |
|
Other Reserves |
130,000,000 |
-13,000,000 |
20,000,000 |
|
TOTAL SHAREHOLDERS EQUITY |
2,369,000,000 |
2,443,000,000 |
2,385,000,000 |
|
Other Financials |
|
|
|
|
Financial Year |
12/2016 |
12/2015 |
12/2014 |
|
Working Capital |
-1,135,000,000 |
-1,026,000,000 |
-985,000,000 |
|
Net Worth |
1,730,000,000 |
1,862,000,000 |
1,921,000,000 |
|
Ratios |
|
|
|
|
Financial Year |
12/2016 |
12/2015 |
12/2014 |
|
Pre-Tax Profit Margin (%) |
0.23 % |
0.80 % |
0.72 % |
|
Return On Capital Employed (%) |
2.16 % |
7.26 % |
6.66 % |
|
Return On Total Assets Employed (%) |
0.75 % |
2.78 % |
2.49 % |
|
Return On Net Assets Employed (%) |
3.63 % |
12.24 % |
11.36 % |
|
Sales/Net Working Capital |
-32.51 |
-36.56 |
-38.25 |
|
Stock Turnover Ratio (%) |
5.66 % |
5.58 % |
5.44 % |
|
Debtor Days |
13.70 |
5.07 |
6.95 |
|
Creditor Days |
46.78 |
46.67 |
44.12 |
|
Current Ratio |
0.85 |
0.85 |
0.86 |
|
Liquidity Ratio/Acid Test |
0.57 |
0.53 |
0.55 |
|
Current Debt Ratio |
3.15 |
2.72 |
2.86 |
|
Gearing (%) - - - |
|
|
|
|
Equity In Percentage (%) |
20.70 % |
22.69 % |
21.92 % |
|
Total Debt Ratio |
3.83 |
3.41 |
3.56 |
Additional
financials
Financial Year 12/2016 12/2015 12/2014
Cost Of Sales 29,421,000,000 29,928,000,000 30,349,000,000
Gross Profit 4,323,000,000 4,306,000,000 4,304,000,000
Change In Stock - - -
Other Operating Income - - -
Audit Fees - 1,000,000 1,000,000
Share Capital Structure
|
Nominal Share Capital |
102,000,000 DKK |
|
Issued Share Capital |
102,000,000 DKK |
Shareholders
|
Shareholder |
% Shares Held |
|
COOP HOLDING A/S |
100 |
Current Directors
|
Name |
Appointment Date |
Position |
|
Kai Berthel Jensen |
08/04/2016 |
SUPPLEANT |
|
COOP AMBA |
02/10/2001 |
STIFTERE |
|
DELOITTE STATSAUTORISERET REVISIONSPARTNERSELSKAB |
13/10/2011 |
REVISION |
|
Susanne M0rch Koch |
08/04/2016 |
BESTYRELSESMEDLEM |
|
Claus Holst-Gydesen |
27/04/2012 |
BESTYRELSE |
|
Ulla Jensen |
28/04/2014 |
SUPPLEANT |
|
Jens Visholm Uglebjerg |
01/01/2018 |
DIREKT0R |
|
Lasse Bolander |
16/06/2008 |
formand |
|
J0rgen Clausen |
27/03/2007 |
BESTYRELSE |
|
Jan Madsen |
01/01/2010 |
DIREKTION |
|
Claus Solvig |
25/01/2002 |
BESTYRELSE |
|
Palle Birk |
01/01/2010 |
BESTYRELSE |
|
Ann Axelsen |
28/04/2014 |
SUPPLEANT |
|
Ole Jakobsen |
28/05/2010 |
BESTYRELSE |
|
Peter H0gsted |
02/11/2013 |
adm. dir |
|
Arne Wammen |
28/04/2014 |
BESTYRELSE |
|
Krffin 0stergard Nielsen |
01/01/2018 |
DIREKT0R |
|
Karl Folke Axel Wistrand |
19/12/2017 |
BESTYRELSESMEDLEM |
Previous Directors
|
Name |
Appointment Date |
Position |
Resignation Date |
|
Kai Berthel Jensen |
28/04/2014 |
PERSONLIG_SUPPLEANT |
07/04/2016 |
|
Leif Gosta Roland Svensson |
25/01/2002 |
formand |
01/02/2003 |
|
Svein E Skorstad |
28/02/2003 |
n^stformand |
06/06/2003 |
|
Erik Skansberg |
25/01/2002 |
BESTYRELSE |
14/11/2006 |
|
Nils Svante Nilsson |
01/02/2003 |
formand |
26/04/2005 |
|
Sven Roger Gehrman |
28/02/2003 |
BESTYRELSE |
29/11/2004 |
|
Ebbe Lundgaard |
19/01/2007 |
formand |
16/06/2008 |
|
John Tyrrestrup |
02/10/2001 |
DIREKTION |
01/09/2003 |
|
Bjarne Petersen |
25/01/2002 |
PERSONLIG_SUPPLEANT |
18/05/2005 |
|
J0rgen Clausen |
25/01/2002 |
n^stformand |
31/10/2002 |
|
Thomas Bagge Olesen |
28/05/2010 |
n^stformand |
23/01/2013 |
|
Elise Br0chner Larsen |
15/08/2011 |
DIREKTION |
31/05/2014 |
|
Per Toelstang |
01/12/2010 |
DIREKTION |
28/02/2017 |
|
Jesper Munck Loiborg |
12/09/2005 |
DIREKTION |
09/03/2010 |
|
Jesper Lien |
01/02/2009 |
adm. dir |
13/08/2013 |
|
Hans Christian Korsgard Madsen |
25/01/2002 |
formand |
25/01/2002 |
|
Hans Christian Korsgard Madsen |
25/01/2002 |
adm. dir |
17/09/2004 |
|
Finn Hartmann |
25/01/2002 |
BESTYRELSE |
25/01/2002 |
|
Finn Hartmann |
25/01/2002 |
DIREKTION |
01/01/2004 |
|
Torben Larsen |
03/01/2008 |
BESTYRELSE |
27/04/2012 |
|
John Tyrrestrup |
25/01/2002 |
BESTYRELSE |
25/01/2002 |
|
Henrik Bak Larsen |
25/01/2002 |
BESTYRELSE |
29/11/2004 |
|
Ulla Inge-Lise Verholt |
25/01/2002 |
BESTYRELSE |
18/05/2005 |
|
Holger Damgaard |
12/09/2005 |
BESTYRELSE |
03/01/2008 |
|
Caroline S0eborg
Ahlefeldt-Laurvig-Bille |
03/01/2008 |
BESTYRELSE |
27/05/2011 |
|
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
COOP HOLDING A/S 27907768
Subsidiary Companies
|
Subsidiary Name |
Number |
|
FAKTA A/S |
11517498 |
|
IFC EUROPE A/S |
28965095 |
|
Coop Afrika Holding A/S |
36965487 |
|
Aarhus Syd Ejendomme A/S |
33748620 |
Affiliates
|
Affiliate Name |
Country |
Number |
|
EJENDOMSAKTIESELSKABET AF 22. JUNI 1966 |
21510815 |
|
|
F^rch & Co. Gastro ApS |
37828092 |
|
|
COOP TRADING A/S |
20406194 |
|
|
ALLUNITE A/S |
35410805 |
|
No negative information for this company
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 64.27 |
|
|
1 |
INR 89.72 |
|
Euro |
1 |
INR 79.52 |
|
DKK |
1 |
INR 10.66 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
PRA |
|
|
|
|
Report Prepared
by : |
SYL |
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.