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MIRA INFORM REPORT
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Report No. : |
484372 |
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Report Date : |
06.01.2018 |
IDENTIFICATION DETAILS
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Name : |
CHEMOMETEC AS |
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Registered Office : |
Gydevang 43, 3450 Allerad |
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Country : |
Denmark |
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Financials (as on) : |
June 2017 |
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Date of Incorporation : |
02.04.1997 |
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Com. Reg. No.: |
19828131 |
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Legal Form : |
Limited company |
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Line of Business : |
Other measuring and
technical analysis |
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No. of Employees : |
20 – 49 [2014] |
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 : |
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
|
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 1.6% in 2015 and an estimated 1.3% in 2016. The expansion is expected to continue at similar rates in 2017 and 2018. The labor market has strengthened since 2013, and unemployment stood at 4.2% in early 2017, based on the national measure. By early 2017, some sectors were experiencing difficulties attracting qualified labor. 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 2016 deficit was 1.4%. The government projects lower deficits in
2017 and 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
name
CHEMOMETEC A/S
Company
Summary
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Business Name |
CHEMOMETEC A/S |
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Safe Number |
DK03036075 |
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Country |
DENMARK |
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Company Registration Number |
19828131 |
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Activity Code |
712090 |
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Activity Description |
Other measuring and technical analysis |
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Company Status |
Normal (Active) |
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Latest Shareholder Equity Figure |
64.377.000 DKK |
Basic
Information
|
Business Name |
CHEMOMETEC A/S |
|
Registered Company Name |
CHEMOMETEC A/S |
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Company Registration Number |
19828131 |
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Country |
DENMARK |
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VAT Registration Number |
19828131 |
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Date of Company Registration |
02/04/1997 |
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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 |
712090 |
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Principal Activity Description |
Other measuring and technical analysis |
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Contact Address |
Gydevang 43, 3450 Allerad |
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Contact Telephone Number |
48131020 |
Main
Address
|
Address |
Gydevang 43, 3450 Allerad |
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Country |
DENMARK |
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Telephone |
48131020 |
Activities
|
Activity Code |
Activity Description |
|
712090 |
Other measuring and technical analysis |
No email addresses for this company
Employee
Information
|
Year |
Number of Employees |
|
2014 |
20 - 49 |
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2013 |
20 - 49 |
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2012 |
20 - 49 |
Value
Y
Other Trading Names
OPTOMETEC A/S
OPTOMATIC A/S
MINDWEAR A/S
KEMOMETEX A/S
BA WARE A/S
Advisors
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Auditor Name |
Deloitte Statsautoriseret Revisionspartnerselskab |
Events
--
Financials
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Profit and Loss |
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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 |
10.419.000 |
15.897.000 |
5.828.000 |
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Wages & Salaries |
44.178.000 |
33.179.000 |
27.461.000 |
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Depreciation |
5.446.000 |
6.731.000 |
5.571.000 |
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Financial Income |
12.000 |
|
1.339.000 |
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Financial Expenses |
1.779.000 |
2.125.000 |
495.000 |
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Profit before Tax |
8.652.000 |
13.772.000 |
6.672.000 |
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Tax |
1.166.000 |
3.289.000 |
-1.276.000 |
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Profit after Tax |
7.486.000 |
10.483.000 |
7.948.000 |
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Retained Profit |
7.486.000 |
10.483.000 |
7.948.000 |
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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 |
19.897.000 |
20.003.000 |
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Other Tangible Assets |
6.527.000 |
5.392.000 |
5.498.000 |
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Total Tangible Assets |
26.424.000 |
25.395.000 |
5.498.000 |
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Other Intangible Assets |
30.048.000 |
26.209.000 |
23.621.000 |
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Total Intangible Assets |
30.048.000 |
26.209.000 |
23.621.000 |
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Investments |
|
338.000 |
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Miscellaneous Fixed Assets - - - |
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Total Other Fixed Assets |
130.000 |
1.509.000 |
5.079.000 |
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TOTAL FIXED ASSETS |
56.602.000 |
53.113.000 |
34.198.000 |
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Other Inventories |
13.314.000 |
7.544.000 |
6.476.000 |
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Total Inventories |
13.314.000 |
7.544.000 |
6.476.000 |
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Trade Receivables |
4.888.000 |
4.898.000 |
3.475.000 |
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Miscellaneous Receivables - - - |
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Total Receivables |
4.888.000 |
4.898.000 |
3.475.000 |
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Cash |
8.239.000 |
13.361.000 |
8.977.000 |
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Other Current Assets |
14.577.000 |
14.587.000 |
10.341.000 |
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TOTAL CURRENT ASSETS |
41.018.000 |
40.390.000 |
29.269.000 |
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TOTAL ASSETS |
97.620.000 |
93.503.000 |
63.466.000 |
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Bank Liabilities |
4.156.000 |
4.176.000 |
1.916.000 |
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Miscellaneous Liabilities |
16.926.000 |
11.328.000 |
9.966.000 |
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TOTAL CURRENT LIABILITIES |
21.082.000 |
15.504.000 |
11.882.000 |
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Bank Liabilities Due After 1 Year |
|
5.000.000 |
5.000.000 |
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Miscellaneous Liabilities Due After 1 Year |
12.161.000 |
12.586.000 |
234.000 |
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TOTAL LONG TERM LIABILITIES |
12.161.000 |
17.586.000 |
5.234.000 |
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TOTAL LIABILITIES |
33.243.000 |
33.090.000 |
17.116.000 |
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Called Up Share Capital |
17.402.000 |
17.402.000 |
17.402.000 |
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Revenue Reserves |
46.975.000 |
43.011.000 |
28.948.000 |
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Other Reserves |
17.402.000 |
17.402.000 |
17.402.000 |
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TOTAL SHAREHOLDERS EQUITY |
64.377.000 |
60.413.000 |
46.350.000 |
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Other Financials |
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Financial Year |
06/2017 |
06/2016 |
06/2015 |
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Working Capital |
41.018.000 |
40.390.000 |
29.269.000 |
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Net Worth |
64.377.000 |
60.413.000 |
46.350.000 |
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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 (%) |
11.30 % |
17.66 % |
12.93 % |
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Return On Total Assets Employed (%) |
8.86 % |
14.73 % |
10.51 % |
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Return On Net Assets Employed (%) |
5.34 % |
8.95 % |
6.08 % |
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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 |
1.95 |
2.61 |
2.46 |
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Liquidity Ratio/Acid Test |
1.31 |
2.12 |
1.92 |
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Current Debt Ratio |
0.33 |
0.26 |
0.26 |
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Gearing (%) - - - |
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Equity In Percentage (%) |
65.95 % |
64.61 % |
73.03 % |
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Total Debt Ratio |
0.52 |
0.55 |
0.37 |
Additional financials
Financial Year 06/2017 06/2016 06/2015
Cost Of Sales
Gross Profit 80.197.000 72.300.000 52.226.000
Change In Stock
Other Operating Income
Share
Capital Structure
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Nominal Share Capital |
17.402.479 DKK |
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Issued Share Capital |
17.402.000 DKK |
Shareholders
|
Shareholder |
% Shares Held |
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CHEMOMETEC HOLDING A/S |
25 |
Current
Directors
|
Name |
Appointment Date |
Position |
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CHEMOMETEC HOLDING A/S |
02/04/1997 |
STIFTERE |
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DELOITTE STATSAUTORISERET REVISIONSPARTNERSELSKAB |
13/10/2011 |
REVISION |
|
Peter Reich |
09/10/2014 |
BESTYRELSE |
|
Preben Edvard Konig |
25/07/2013 |
formand |
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Michael Valsted Eising |
20/08/2014 |
adm. dir |
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Hans Martin Glensbjerg |
20/08/2014 |
n^stformand |
Previous
Directors
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Name |
Appointment Date |
Position |
Resignation Date |
|
PA-REVISION A/S |
24/03/2000 |
REVISION |
27/10/2000 |
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Jeppe 0vli 0vlesen |
01/12/1998 |
BESTYRELSE |
31/08/2001 |
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Jeppe 0vli 0vlesen |
01/12/1998 |
adm. dir |
15/02/2002 |
|
Claus Resen Steenstrup |
01/08/2006 |
adm. dir |
05/10/2010 |
|
Bruno Sten Rosenkrans Jensen |
25/07/2013 |
BESTYRELSE |
10/10/2013 |
|
Thomas David Hartwig |
16/05/2013 |
BESTYRELSE |
25/07/2013 |
|
Thomas David Hartwig |
16/05/2013 |
adm. dir |
19/08/2013 |
|
Borkur Arnvidsson |
29/01/2004 |
BESTYRELSE |
03/10/2006 |
|
Borkur Arnvidsson |
02/04/1997 |
BESTYRELSE |
31/08/2001 |
|
Borkur Arnvidsson |
02/04/1997 |
DIREKTION |
27/11/1998 |
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Finn Helmer |
31/08/2001 |
formand |
29/01/2004 |
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Stig L0kke Pedersen |
06/10/2009 |
formand |
25/07/2013 |
|
Rolf Singer |
15/02/2002 |
adm. dir |
28/05/2004 |
|
Michael Valsted Eising |
20/08/2014 |
BESTYRELSE |
09/10/2014 |
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Hans Peter Heldt-Hansen |
25/07/2013 |
BESTYRELSE |
10/10/2013 |
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Erik Damgaard Nielsen |
19/12/2003 |
BESTYRELSE |
17/09/2009 |
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Frans Ejner Ravn |
27/10/2000 |
BESTYRELSE |
03/10/2006 |
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Frans Ejner Ravn |
02/04/1997 |
BESTYRELSE |
05/12/1999 |
|
Steen S0ndergaard-Larsen |
31/10/2013 |
adm. dir |
20/08/2014 |
|
Niels Kryger Andersen |
16/05/1997 |
formand |
27/10/2000 |
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Mette Kirstine Agger |
16/05/1997 |
BESTYRELSE |
27/10/2000 |
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Hans Martin Glensbjerg |
31/08/2001 |
BESTYRELSE |
10/11/2010 |
|
Hans Martin Glensbjerg |
05/12/1999 |
BESTYRELSE |
27/10/2000 |
|
Hans Martin Glensbjerg |
02/04/1997 |
BESTYRELSE |
27/11/1998 |
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Hans Martin Glensbjerg |
10/11/2010 |
adm. dir |
16/05/2013 |
No information for this company.
Subsidiary Companies
No subsidaries for this company
Affiliates
|
Affiliate Name |
Country |
Number |
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CHEMOMETEC A/S |
19828131 |
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No negative information for this company
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 63.38 |
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|
1 |
INR 86.02 |
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Euro |
1 |
INR 76.50 |
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DKK |
1 |
INR 10.22 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
NIS |
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Report Prepared
by : |
SYL |
RATING EXPLANATIONS
|
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.