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MIRA INFORM REPORT
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Report No. : |
492035 |
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Report Date : |
15.02.2018 |
IDENTIFICATION DETAILS
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Name : |
KVISTGÅRD JERN & METAL AS |
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Formerly Known As : |
KVISTGÅRD JERN OG METALHANDEL AS |
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Registered Office : |
Hejreskovvej 7, 3490 Kvistgård |
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Country : |
Denmark |
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Financials (as on) : |
June 2017 |
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Date of Incorporation : |
29.06.1990 |
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Com. Reg. No.: |
14426507 |
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Legal Form : |
Limited Company |
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Line of Business : |
Wholesale of Metals and Metal Ores |
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No. of Employees : |
10 – 19 [2017] |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
A |
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Credit Rating |
Explanation |
Rating Comments |
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A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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Status : |
Good |
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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
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Country Name |
Previous Rating (30.06.2017) |
Current Rating (30.09.2017) |
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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 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 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.
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Source
: CIA |
Company Summary
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Business Name |
KVISTGÅRD JERN & METAL A/S |
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Safe Number |
DK02982554 |
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Country |
DENMARK |
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Company
Registration Number |
14426507 |
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Activity Code |
467200 |
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Activity
Description |
Wholesale of metals and metal ores |
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Company Status |
Normal (Active) |
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Latest Turnover
Figure |
- |
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Latest
Shareholder Equity Figure |
17,574,686 DKK |
Basic Information
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Business Name |
KVISTGÅRD JERN & METAL A/S |
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Registered
Company Name |
KVISTGÅRD JERN & METAL A/S |
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Company Registration
Number |
14426507 |
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Country |
DENMARK |
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VAT Registration
Number |
14426507 |
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Date of Company
Registration |
29/06/1990 |
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Legal Form |
Limited Company |
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Company Status |
Normal (Active) |
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Currency of this
Report |
DKK |
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Principal Activity
Code |
467200 |
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Principal
Activity Description |
Wholesale of metals and metal ores |
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Contact Address |
Hejreskovvej 7, 3490 Kvistgård |
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Contact
Telephone Number |
49139744 |
Main Address
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Address Hejreskovvej 7, 3490 Kvistgård |
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Country DENMARK |
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Telephone 49139744 |
Activities
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Activity Code Activity Description |
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467200 Wholesale of metals and metal ores |
Email Addresses
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No email addresses for this company |
Previous Names
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Previous Name Date Changed from Previous Name |
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KVISTGÅRD JERN OG METALHANDEL 25/01/2007 A/S |
Employee Information
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Year |
Number of
Employees |
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2017 |
10 - 19 |
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2016 |
10 - 19 |
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2015 |
10 - 19 |
Real Estate
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|
Value |
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Y |
Other Trading Names
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KVISTGÅRD JERN & METALHANDEL A/S |
Advisors
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Auditor Name Kallermann Revision A/S - statsautoriseret revisionsfirma |
Events
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Event Date |
Event
Description |
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2017-12-07T04:41:06 |
Rating increased |
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2017-11-24T07:36:59 |
Rating increased |
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2016-12-03T04:35:51 |
Rating increased |
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2017-12-01T12:15:19 |
Rating decreased |
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2016-12-01T04:38:55 |
Rating decreased |
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2017-12-07T04:41:10 |
Positive limit change |
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2017-11-24T07:37:00 |
Positive limit change |
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2016-12-03T04:35:56 |
Positive limit change |
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2017-12-01T12:15:23 |
Negative limit change |
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2016-12-01T04:38:58 |
Negative limit change |
Profit and Loss
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|||
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Financial Year |
06/2017 |
06/2016 |
06/2015 |
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Number of Weeks |
52 |
52 |
52 |
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Currency |
DKK |
DKK |
DKK |
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Consolidated
Accounts |
No |
No |
No |
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Operating Profit |
13,847,484 |
1,465,733 |
7,775,194 |
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Wages &
Salaries |
6,373,998 |
5,365,010 |
5,501,779 |
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Pension Costs |
731,763 |
609,520 |
844,992 |
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Depreciation |
2,338,412 |
2,449,791 |
2,458,729 |
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Financial Income |
150,545 |
138,515 |
117,765 |
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Financial
Expenses |
1,628,259 |
1,363,431 |
1,262,337 |
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Profit before
Tax |
12,369,770 |
240,817 |
6,630,622 |
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Tax |
2,743,602 |
54,568 |
1,483,784 |
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Profit after Tax |
9,626,168 |
186,249 |
5,146,838 |
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Dividends |
9,600,000 |
- |
5,100,000 |
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Retained Profit |
26,168 |
186,249 |
46,838 |
Balance Sheet
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Financial Year |
06/2017 |
06/2016 |
06/2015 |
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Number of Weeks |
52 |
52 |
52 |
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Currency |
DKK |
DKK |
DKK |
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Consolidated
Accounts |
No |
No |
No |
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Land &
Buildings |
21,421,542 |
22,148,618 |
22,860,694 |
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Other Tangible
Assets |
7,711,207 |
9,133,509 |
7,706,145 |
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Total Tangible
Assets |
29,132,749 |
31,282,127 |
30,566,839 |
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Miscellaneous
Fixed Assets |
- |
- |
- |
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Total Other
Fixed Assets |
- |
- |
- |
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TOTAL FIXED
ASSETS |
29,132,749 |
31,282,127 |
30,566,839 |
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Finished Goods |
24,195,709 |
14,551,708 |
13,024,555 |
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Other
Inventories |
- |
- |
- |
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Total
Inventories |
24,195,709 |
14,551,708 |
13,024,555 |
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Trade
Receivables |
33,180,518 |
22,030,917 |
28,275,165 |
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Miscellaneous
Receivables |
7,347,828 |
7,122,284 |
6,638,135 |
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Total
Receivables |
40,528,346 |
29,153,201 |
34,913,300 |
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Cash |
28,979,962 |
16,942,657 |
10,288,384 |
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Other Current
Assets |
- |
14,432 |
- |
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TOTAL CURRENT
ASSETS |
93,704,017 |
60,661,998 |
58,226,239 |
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TOTAL ASSETS |
122,836,766 |
91,944,125 |
88,793,078 |
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Trade Payables |
16,753,549 |
8,112,733 |
6,369,217 |
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Group Payables |
82,085,856 |
72,316,178 |
64,501,671 |
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Miscellaneous
Liabilities |
5,064,675 |
2,215,696 |
3,777,921 |
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TOTAL CURRENT
LIABILITIES |
103,904,080 |
82,644,607 |
74,648,809 |
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Miscellaneous Liabilities Due After 1 Year |
1,358,000 |
1,351,000 |
1,282,000 |
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TOTAL LONG TERM
LIABILITIES |
1,358,000 |
1,351,000 |
1,282,000 |
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TOTAL
LIABILITIES |
105,262,080 |
83,995,607 |
75,930,809 |
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Called Up Share
Capital |
500,000 |
500,000 |
500,000 |
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Revenue Reserves |
7,474,686 |
7,448,518 |
7,262,269 |
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Other Reserves |
9,600,000 |
- |
5,100,000 |
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TOTAL
SHAREHOLDERS EQUITY |
17,574,686 |
7,948,518 |
12,862,269 |
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Other Reserves |
9,600,000 |
- |
5,100,000 |
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TOTAL
SHAREHOLDERS EQUITY |
17,574,686 |
7,948,518 |
12,862,269 |
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Other Financials
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Financial Year |
06/2017 |
06/2016 |
06/2015 |
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Working Capital |
-10,200,063 |
-21,982,609 |
-16,422,570 |
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Net Worth |
17,574,686 |
7,948,518 |
12,862,269 |
Ratios
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Financial Year |
06/2017 |
06/2016 |
06/2015 |
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Pre-Tax Profit
Margin (%) |
- |
- |
- |
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Return On
Capital Employed (%) |
65.34 % |
2.59 % |
46.88 % |
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Return On Total
Assets Employed (%) |
10.07 % |
0.26 % |
7.47 % |
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Return On Net
Assets Employed (%) |
70.38 % |
3.03 % |
51.55 % |
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Sales/Net
Working Capital |
- |
- |
- |
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Stock Turnover
Ratio (%) |
- |
- |
- |
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Debtor Days |
- |
- |
- |
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Creditor Days |
- |
- |
- |
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Current Ratio |
0.90 |
0.73 |
0.78 |
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Liquidity
Ratio/Acid Test |
0.67 |
0.56 |
0.61 |
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Current Debt
Ratio |
5.91 |
10.40 |
5.80 |
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Gearing (%) |
- |
- |
- |
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Equity In
Percentage (%) |
14.31 % |
8.64 % |
14.49 % |
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Total Debt Ratio |
5.99 |
10.57 |
5.90 |
Additional financials
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|||
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Financial Year |
06/2017 |
06/2016 |
06/2015 |
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Cost Of Sales |
- |
- |
- |
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Gross Profit |
23,291,657 |
9,890,054 |
16,580,694 |
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Change In Stock |
- |
- |
- |
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Other Operating
Income |
- |
- |
- |
|
Audit Fees |
- |
- |
- |
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Other Operating
Expenses |
- |
- |
- |
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Extraordinary
Net Result |
- |
- |
- |
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Investment
Property |
- |
- |
- |
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Contract Work In
Progress |
- |
- |
- |
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Revaluation
Reserve |
- |
- |
- |
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Minority
Interests |
- |
- |
- |
Share Capital Structure
|
|
Nominal Share Capital 500,000 DKK |
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Issued Share Capital 500,000 DKK |
Shareholders
|
|
Shareholder % Shares Held |
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AKN KVISTGÅRD HOLDING ApS 100 |
Current Directors
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Name |
Appointment Date |
Position |
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Birgitte Bramsen Andersen |
28/11/2012 |
BESTYRELSE |
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Allan Kenneth Nielsen |
29/06/1990 |
STIFTERE |
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Allan Kenneth Nielsen |
29/06/1990 |
BESTYRELSE |
|
Allan Kenneth Nielsen |
29/06/1990 |
DIREKTION |
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Allan Kenneth Nielsen |
06/06/2006 |
Reel ejer |
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Poul Valdemar Nielsen |
29/06/1990 |
STIFTERE |
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Walli Tom Irschenberger |
22/10/2008 |
BESTYRELSE |
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KALLERMANN REVISION A/S STATSAUTORISERET REVISIONSFIRMA |
01/01/2009 |
REVISION |
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I/S Handelsfirma P.W. Nielsen & Søn |
29/06/1990 |
STIFTERE |
Previous Directors
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Name |
Appointment Date |
Position |
Resignation Date |
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Henning Jensen Andersen |
29/06/1990 |
BESTYRELSE |
28/11/2012 |
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Poul Valdemar Nielsen |
29/06/1990 |
formand |
22/10/2008 |
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Revisionsfirmaet Secher v/Peter Secher |
29/06/1990 |
REVISION |
24/02/1994 |
Immediate Holding Parent
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Immediate Holding Company Name VAT/Registration Number |
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AKN KVISTGÅRD HOLDING ApS 27528171 |
Subsidiary Companies
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No subsidaries for this company |
Affiliates
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No affiliates for this company |
Negative Information
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No negative information for this company |
FOREIGN EXCHANGE RATES
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Currency |
Unit
|
Indian Rupees |
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US Dollar |
1 |
INR 64.13 |
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|
1 |
INR 89.17 |
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Euro |
1 |
INR 79.39 |
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DKK |
1 |
INR 10.70 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
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Analysis Done by
: |
DIV |
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Report Prepared
by : |
TPT |
RATING EXPLANATIONS
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Credit Rating |
Explanation |
Rating Comments |
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A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
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A+ |
Low Risk |
Business dealings permissible with low
risk of default |
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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 |
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D |
High Risk |
Business dealing not recommended or on
secured terms only |
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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.