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MIRA INFORM REPORT
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Report No. : |
485186 |
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Report Date : |
13.01.2018 |
IDENTIFICATION DETAILS
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Name : |
AS SCAN HVIDE SANDE |
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Formerly Known As : |
HAVNENS MOTORV^RKSTED A/S |
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Registered Office : |
Fabriksvej 14, 6960 Hvide
Sande |
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Country : |
Denmark |
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Financials (as on) : |
June 2017 |
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Date of Incorporation : |
05.07.1996 |
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Com. Reg. No.: |
19400689 |
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Legal Form : |
Limited company |
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Line of Business : |
Manufacture of other
special-purpose machinery n.e.c. |
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No. of Employees : |
20 - 49 |
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
|
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
A/S SCAN HVIDE SANDE
Company
Summary
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Business Name |
A/S SCAN HVIDE SANDE |
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Country |
DENMARK |
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Company Registration Number |
19400689 |
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Activity Code |
289900 |
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Activity Description |
Manufacture of other special-purpose machinery n.e.c. |
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Company Status |
Normal (Active) |
Basic
Information
|
Business Name |
A/S SCAN HVIDE SANDE |
|
Registered Company Name |
A/S SCAN HVIDE SANDE |
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Company Registration Number |
19400689 |
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Country |
DENMARK |
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VAT Registration Number |
19400689 |
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Date of Company Registration |
05/07/1996 |
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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 |
289900 |
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Principal Activity Description |
Manufacture of other special-purpose machinery n.e.c. |
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Contact Address |
Fabriksvej 14, 6960 Hvide Sande |
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Contact Telephone Number |
97311045 |
Main
Address
|
Address |
Fabriksvej 14, 6960 Hvide Sande |
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Country |
DENMARK |
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Telephone |
97311045 |
Activities
|
Activity Code |
Activity Description |
|
289900 |
Manufacture of other special-purpose machinery n.e.c. |
Previous
Names
|
Previous Name |
Date Changed from Previous Name |
|
HAVNENS MOTORV^RKSTED A/S |
25/03/2008 |
Employee
Information
|
Year |
Number of Employees |
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2017 |
20 - 49 |
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2016 |
20 - 49 |
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2015 |
20 - 49 |
Value
Y
Other Trading Names
A/S SCANWINCHES
A/S SCANSTEERING
Advisors
|
Auditor Name |
PricewaterhouseCoopers 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 |
|
Operating Profit |
5.247.432 |
5.665.786 |
9.643.280 |
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Wages & Salaries |
13.808.134 |
14.001.102 |
10.777.402 |
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Pension Costs |
1.249.069 |
1.150.845 |
858.562 |
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Depreciation |
1.492.280 |
1.484.829 |
1.874.252 |
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Financial Income |
508.782 |
195.103 |
130.621 |
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Financial Expenses |
194.652 |
323.323 |
1.233.030 |
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Profit before Tax |
5.066.256 |
5.537.566 |
8.321.233 |
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Tax |
1.179.320 |
1.227.216 |
1.837.633 |
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Profit after Tax |
3.886.936 |
4.310.350 |
6.483.600 |
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Dividends |
3.000.000 |
3.000.000 |
6.000.000 |
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Retained Profit |
886.936 |
1.310.350 |
483.600 |
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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 |
|
Land & Buildings |
12.989.958 |
13.578.734 |
14.254.807 |
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Other Tangible Assets |
2.493.821 |
3.007.761 |
3.362.220 |
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Total Tangible Assets |
15.483.779 |
16.586.495 |
17.617.027 |
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Goodwill - - - |
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Total Intangible Assets - - - |
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Investments |
349.012 |
299.012 |
352.667 |
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Miscellaneous Fixed Assets - - - |
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Total Other Fixed Assets |
349.012 |
399.012 |
452.667 |
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TOTAL FIXED ASSETS |
15.832.791 |
16.985.507 |
18.069.694 |
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Raw Materials |
3.466.882 |
4.415.844 |
4.099.355 |
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Other Inventories - - - |
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Total Inventories |
3.466.882 |
4.415.844 |
4.099.355 |
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Trade Receivables |
5.552.876 |
8.628.672 |
17.492.417 |
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Group Receivables |
43.150 |
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|
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Miscellaneous Receivables |
1.208.183 |
354.153 |
3.757.484 |
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Total Receivables |
6.804.209 |
8.982.825 |
21.249.901 |
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Cash |
19.616 |
1.522.870 |
40.210 |
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Other Current Assets |
337.337 |
255.428 |
186.953 |
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TOTAL CURRENT ASSETS |
10.628.044 |
15.176.967 |
25.576.419 |
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TOTAL ASSETS |
26.460.835 |
32.162.474 |
43.646.113 |
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Trade Payables |
3.649.204 |
4.079.918 |
8.606.081 |
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Bank Liabilities |
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|
1.499.123 |
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Other Loans Or Finance |
296.849 |
5.951.656 |
1.967.257 |
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Group Payables |
|
45.158 |
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Miscellaneous Liabilities |
3.489.108 |
4.606.481 |
5.737.987 |
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TOTAL CURRENT LIABILITIES |
7.435.161 |
14.683.213 |
17.810.448 |
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Other Loans Or Finance Due After 1 Year |
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|
5.617.415 |
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Miscellaneous Liabilities Due After 1 Year |
1.299.440 |
469.237 |
1.388.807 |
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TOTAL LONG TERM LIABILITIES |
1.299.440 |
469.237 |
7.006.222 |
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TOTAL LIABILITIES |
8.734.601 |
15.152.450 |
24.816.670 |
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Called Up Share Capital |
552.000 |
552.000 |
552.000 |
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Revenue Reserves |
14.174.234 |
13.458.024 |
12.223.788 |
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Other Reserves |
3.000.000 |
3.000.000 |
6.053.655 |
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TOTAL SHAREHOLDERS EQUITY |
17.726.234 |
17.010.024 |
18.829.443 |
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Other Financials |
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Financial Year |
06/2017 |
06/2016 |
06/2015 |
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Working Capital |
3.192.883 |
493.754 |
7.765.971 |
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Net Worth |
17.726.234 |
17.010.024 |
18.829.443 |
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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 (%) |
26.63 % |
31.68 % |
32.21 % |
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Return On Total Assets Employed (%) |
19.15 % |
17.22 % |
19.07 % |
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Return On Net Assets Employed (%) |
28.58 % |
32.55 % |
44.19 % |
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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 |
1.43 |
1.03 |
1.44 |
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Liquidity Ratio/Acid Test |
0.96 |
0.73 |
1.21 |
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Current Debt Ratio |
0.42 |
0.86 |
0.95 |
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Gearing (%) - - - |
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|
|
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Equity In Percentage (%) |
66.99 % |
52.89 % |
43.14 % |
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Total Debt Ratio |
0.49 |
0.89 |
1.32 |
Additional financials
Financial
Year 06/2017 06/2016 06/2015
Cost Of Sales
Gross Profit 22.247.067 22.607.795 23.443.629
Change In Stock
Other Operating Income
Audit Fees
Other Operating Expenses 2.195 - -
Extraordinary Net Result - - -
Investment Property - - -
Contract Work In Progress 1.101.173 - 1.020.245
Revaluation Reserve - - 53.655
Minority Interests
Share
Capital Structure
|
Nominal Share Capital |
552.000 DKK |
|
Issued Share Capital |
552.000 DKK |
Shareholders
|
Shareholder |
% Shares Held |
|
VEJL INVEST ApS |
33.33 |
Current
Directors
|
Name |
Appointment Date |
Position |
|
Michael 0rts Vejlgaard |
23/12/2010 |
BESTYRELSE |
|
Michael 0rts Vejlgaard |
23/12/2010 |
adm. dir |
|
Michael 0rts Vejlgaard |
01/07/2012 |
Reel ejer |
|
Karsten Olesen |
05/07/1996 |
STIFTERE |
|
Karsten Olesen |
20/04/2011 |
formand |
|
Karsten Olesen |
01/07/2015 |
Reel ejer |
|
Klaus Olesen |
05/07/1996 |
STIFTERE |
|
Klaus Olesen |
05/01/2007 |
BESTYRELSE |
|
Klaus Olesen |
01/07/2015 |
Reel ejer |
|
PRICEWATERHOUSECOOPERS STATSAUTORISERET
REVISIONSPARTNERSELSKAB |
26/12/2014 |
REVISION |
Previous
Directors
|
Name |
Appointment Date |
Position |
Resignation Date |
|
Per Ulrich Andersen |
14/05/2010 |
BESTYRELSE |
23/10/2010 |
|
Niels Erik Tarbensen |
04/10/2005 |
BESTYRELSE |
16/02/2012 |
|
Anders Tarbensen |
10/12/2007 |
BESTYRELSE |
16/02/2012 |
|
K/M REVISION A/S |
01/09/2006 |
REVISION |
11/04/2007 |
|
Karsten Olesen |
05/07/1996 |
DIREKTION |
23/12/2010 |
|
Erik Lodberg |
07/12/2012 |
BESTYRELSE |
01/04/2015 |
|
Klaus Olesen |
05/07/1996 |
DIREKTION |
04/10/2005 |
|
Henning Davidsen |
05/01/2007 |
formand |
01/01/2010 |
|
Poul Michael Bjarnskov |
04/10/2005 |
BESTYRELSE |
28/11/2006 |
|
Selskabet af den 4. juli 2016 RVT ApS |
11/04/2007 |
REVISION |
16/01/2013 |
|
Datoselskabet af den 3. juli 2016 RVT P/S |
16/01/2013 |
REVISION |
26/12/2014 |
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K.M. REVISION A/S |
05/07/1996 |
REVISION |
01/09/2006 |
No information for this company.
Subsidiary
Companies
|
Subsidiary Name |
Number |
|
Hvide Sande Byferie ApS |
36904623 |
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Hvide Sande Byferie ApS |
36904623 |
Affiliates
|
Affiliate Name |
Country |
Number |
|
HVIDE SANDE SUPPLY ApS |
33649584 |
|
No negative information for this company
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 63.53 |
|
|
1 |
INR 86.05 |
|
Euro |
1 |
INR 76.53 |
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DKK |
1 |
INR 10.41 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
PRI |
|
|
|
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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 |
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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.