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MIRA INFORM REPORT
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Report No. : |
485689 |
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Report Date : |
10.01.2018 |
IDENTIFICATION DETAILS
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Name : |
VETA INDUSTRY APS |
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Registered Office : |
Marielundvej 33, 2730 Herlev |
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Country : |
Denmark |
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Financials (as on) : |
December, 2016 |
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Date of Incorporation : |
07.04.2016 |
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Com. Reg. No.: |
37626937 |
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Legal Form : |
Limited company |
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Line of Business : |
Subject is engaged in producer, distributor and service provider of
machinery. |
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No. of Employees : |
10 - 19 |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
B |
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Credit Rating |
Explanation |
Rating Comments |
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B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
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Status : |
Moderate |
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Payment Behaviour : |
Slow but Correct |
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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 1.6% 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 and Summary
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Business
Name |
Veta
Industry ApS |
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Country |
DENMARK |
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Company
Registration Number |
37626937 |
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Activity
Code |
256200 |
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Activity
Description |
Machining |
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Company
Status |
Normal
(Active) |
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Latest
Turnover Figure |
- |
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Latest
Shareholder Equity Figure |
293.201
DKK |
Basic
Information
|
Business
Name |
Veta
Industry ApS |
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Registered
Company Name |
Veta
Industry ApS |
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Company
Registration Number |
37626937 |
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Country |
DENMARK |
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VAT
Registration Number |
37626937 |
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Date
of Company Registration |
07/04/2016 |
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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 |
256200 |
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Principal
Activity Description |
Machining |
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Contact
Address |
Marielundvej
33, 2730 Herlev |
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Contact
Telephone Number |
- |
Main
Address
|
Address |
Marielundvej
33, 2730 Herlev |
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Country |
DENMARK |
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Telephone |
- |
Activities
|
Activity
Code |
Activity
Description |
|
256200 |
Machining |
Email
Addresses
|
No
email addresses for this company |
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Employee
Information
|
Year |
Number
of Employees |
|
2016 |
10
- 19 |
Real
Estate
Value
Y
Other
Trading Names
Atlanta
ApS
Vetadex
ApS
Vetacs
ApS
Veta
Metal ApS
Veta
Industri-Filter ApS
Advisors
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Auditor
Name |
Dansk
Revision København A/S |
Events
|
No
information for this company. |
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Financial
Profit and Loss
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Financial
Year |
12/2016 |
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Number
of Weeks |
38 |
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Currency |
DKK |
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Consolidated
Accounts |
No |
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Wages
& Salaries |
3.834.779 |
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Depreciation |
697.295 |
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Financial
Income |
220 |
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Financial
Expenses |
983.337 |
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Profit
before Tax |
312.166 |
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Tax |
-68.965 |
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Profit
after Tax |
243.201 |
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Retained
Profit |
243.201 |
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Balance
Sheet |
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Financial
Year |
12/2016 |
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Number
of Weeks |
38 |
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Currency |
DKK |
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Consolidated
Accounts |
No |
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Land
& Buildings |
10.552.509 |
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Plant
& Machinery |
3.298.498 |
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Other
Tangible Assets |
- |
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Total
Tangible Assets |
13.851.007 |
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Goodwill |
741.194 |
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Other
Intangible Assets |
85.000 |
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Total
Intangible Assets |
826.194 |
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Miscellaneous
Fixed Assets |
- |
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Total
Other Fixed Assets |
-14.677.201 |
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Raw
Materials |
950.000 |
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Trade
Receivables |
1.150.410 |
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Miscellaneous
Receivables |
1.389.949 |
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Total
Receivables |
2.540.359 |
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Cash |
54.615 |
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Other
Current Assets |
-2.594.974 |
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TOTAL
ASSETS |
18.552.082 |
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Trade
Payables |
1.795.047 |
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Other
Loans Or Finance |
4.921.887 |
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Miscellaneous
Liabilities |
-6.716.934 |
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Bank
Liabilities Due After 1 Year |
10.458.851 |
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Miscellaneous
Liabilities Due After 1 Year |
7.800.030 |
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TOTAL
LONG TERM LIABILITIES |
18.258.881 |
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TOTAL
LIABILITIES |
18.258.881 |
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Called
Up Share Capital |
50.000 |
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Revenue
Reserves |
243.201 |
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Other
Reserves |
- |
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TOTAL
SHAREHOLDERS EQUITY |
293.201 |
Other
Financials
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Financial
Year |
12/2016 |
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Working
Capital |
- |
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Net
Worth |
-532.993 |
Ratios
|
Financial
Year |
12/2016 |
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Pre-Tax
Profit Margin (%) |
- |
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Return
On Capital Employed (%) |
1.68
% |
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Return
On Total Assets Employed (%) |
1.68
% |
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Return
On Net Assets Employed (%) |
106.47
% |
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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 |
- |
Current
Ratio
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Liquidity
Ratio/Acid Test |
- |
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Current
Debt Ratio |
- |
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Gearing
(%) |
- |
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Equity
In Percentage (%) |
- |
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Total
Debt Ratio |
- |
Additional
financials
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Financial
Year |
12/2016 |
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Cost
Of Sales |
- |
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Gross
Profit |
5.827.357 |
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Change
In Stock |
- |
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Other
Operating Income |
- |
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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 |
694.337 |
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Revaluation
Reserve |
- |
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Minority
Interests |
- |
Share
Capital Structure
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Nominal
Share Capital |
50.000
DKK |
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Issued
Share Capital |
50.000
DKK |
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Shareholders
|
Shareholder |
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%
Shares Held |
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EMRA
Holding ApS |
|
100 |
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Current
Directors
|
Name |
Appointment
Date |
Position |
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Dansk
Revision København A/S |
07/04/2016 |
REVISION |
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KARLSSON
BEARBEJDNINGSCENTER ApS |
07/04/2016 |
STIFTERE |
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|
Mikkel
Karlsson |
12/07/2016 |
DIREKTØR |
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Previous
Directors
|
Name |
Appointment
Date |
Position |
Resignation
Date |
|
Bjarne
Ejvind Karlsson |
07/04/2016 |
DIREKTØR |
12/07/2016 |
Immediate
Holding Parent
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Immediate
Holding Company Name |
VAT/Registration
Number |
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EMRA
Holding ApS |
37831441 |
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Subsidiary
Companies
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Subsidiary
Name |
Number |
No
subsidaries for this company
Affiliates
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Affiliate
Name |
Country |
Number |
No
affiliates for this company
Negative
Information
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 63.46 |
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|
1 |
INR 86.15 |
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Euro |
1 |
INR 75.91 |
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DKK |
1 |
INR 10.21 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
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Analysis Done by
: |
NIY |
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Report Prepared
by : |
DNS |
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 |
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B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
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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.