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MIRA
INFORM REPORT
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Report No. : |
494519 |
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Report Date : |
01.03.2018 |
IDENTIFICATION DETAILS
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Name : |
OJD TRADING APS |
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|
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Formerly Known As : |
ASX 12995 APS |
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Registered Office : |
Lerbækvej 16, 2680 Solrød Strand |
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Country : |
Denmark |
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Financials (as on) : |
December 2017 |
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Date of Incorporation : |
01.01.1988 |
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Com. Reg. No.: |
11888577 |
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Legal Form : |
Limited company |
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Line of Business : |
·
Wholesale trade of motor vehicle parts and
accessories ·
Renting of non-residential buildings |
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|
|
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No. of Employees : |
100 - 199 |
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+ |
Low Risk |
Business dealings permissible with low
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 (30.09.2017) |
Current Rating (31.12.2017) |
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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 advanced industry with world-leading firms in pharmaceuticals, maritime shipping, and renewable energy, and a high-tech agricultural 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’s small open economy is highly dependent on foreign trade, and the government strongly supports trade liberalization. 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.
Denmark is a member of the EU but not the eurozone. 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.
Denmark is experiencing a modest economic expansion. The economy grew by 2.0% in 2016 and an estimated 2.3% in 2017. The expansion is expected to decline slightly in 2018. Unemployment stood at 5.8% in 2017, based on the national measure. The labor market was tight in 2017, with corporations experiencing some difficulty finding appropriately-skilled workers to fill billets. The Danish Government offers extensive programs to train unemployed persons to work in sectors that need qualified workers.
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. The Danish Government plans to address tax reform and increased defense spending in 2018.
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Source
: CIA |
Company Summary |
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Business Name |
OJD TRADING ApS |
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Safe Number |
DK02960519 |
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Country |
DENMARK |
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Company Registration Number |
11888577 |
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Activity Code |
453100 |
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Activity Description |
Wholesale trade of motor vehicle parts and accessories |
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Company Status |
Normal (Active) |
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Latest Turnover Figure |
- |
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Latest Shareholder Equity Figure |
262,510,003 DKK |
Basic Information |
|
|
Business Name |
OJD TRADING ApS |
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Registered Company Name |
OJD TRADING ApS |
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Company Registration Number |
11888577 |
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Country |
DENMARK |
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VAT Registration Number |
11888577 |
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Date of Company Registration |
01/01/1988 |
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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 |
453100 |
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Principal Activity Description |
Wholesale trade of motor vehicle parts and accessories |
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Contact Address |
Lerbækvej 16, 2680 Solrød Strand |
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Contact Telephone Number |
- - |
Main Address |
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Address Lerbækvej 16, 2680 Solrød
Strand |
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Country
DENMARK |
Activities |
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Activity Code |
Activity Description |
|
453100 |
Wholesale trade of motor vehicle parts and accessories |
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682040 |
Renting of non-residential buildings |
Email Addresses
No email addresses for this company
Previous Names |
|
Previous Name Date Changed
from Previous
Name |
|
ASX 12995 ApS
04/07/1988 |
Employee Information |
|
|
Year |
Number of Employees |
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2017 |
100 - 199 |
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2016 |
50 - 99 |
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2015 |
100 - 199 |
Real Estate |
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Value |
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Y |
Other Trading Names |
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QUICK BRAKE ApS |
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OJD QUICK ApS |
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OJD QUICK BRAKE ApS |
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QUICK BRAKE INTERNATIONAL ApS |
Advisors |
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Auditor Name Christensen Kjærulff,
Statsautoriseret Revisionsaktieselskab |
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 |
71,354,190 |
70,647,459 |
71,134,499 |
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Wages & Salaries |
40,975,380 |
40,200,281 |
38,028,247 |
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Pension Costs |
3,230,243 |
- |
- |
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Depreciation |
4,857,121 |
5,227,552 |
5,074,418 |
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Financial Income |
420,734 |
2,309,941 |
460,651 |
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Financial Expenses |
- |
29,491 |
1,394,009 |
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Profit before Tax |
71,774,924 |
72,927,909 |
70,201,141 |
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Tax |
- |
- |
- |
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Profit after Tax |
71,774,924 |
72,927,909 |
70,201,141 |
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Dividends |
71,000,000 |
72,000,000 |
60,000,000 |
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Retained Profit |
774,924 |
927,909 |
10,201,141 |
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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 |
158,388,001 |
161,043,502 |
149,976,026 |
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Other Tangible Assets |
2,392,124 |
2,917,323 |
4,256,198 |
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Total Tangible Assets |
160,780,125 |
163,960,825 |
154,232,224 |
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Other Intangible Assets |
1,414,990 |
- |
- |
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Total Intangible Assets |
1,414,990 |
- |
- |
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Miscellaneous Fixed Assets |
- |
- |
- |
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Total Other Fixed Assets |
- |
- |
- |
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TOTAL FIXED ASSETS |
162,195,115 |
163,960,825 |
154,232,224 |
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Finished Goods |
29,105,965 |
26,975,667 |
26,896,912 |
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Other Inventories |
- |
- |
- |
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Total Inventories |
29,105,965 |
26,975,667 |
26,896,912 |
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Trade Receivables |
45,170,684 |
42,190,267 |
42,088,642 |
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Miscellaneous Receivables |
5,113,502 |
5,419,868 |
5,059,020 |
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Total Receivables |
50,284,186 |
47,610,135 |
47,147,662 |
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Cash |
40,003,525 |
14,167,148 |
12,043,336 |
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Other Current Assets |
306,032 |
30,107,209 |
29,185,631 |
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TOTAL CURRENT ASSETS |
119,699,708 |
118,860,159 |
115,273,541 |
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TOTAL ASSETS |
281,894,823 |
282,820,984 |
269,505,764 |
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Trade Payables |
5,570,988 |
5,977,195 |
5,944,340 |
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Miscellaneous Liabilities |
13,813,832 |
14,108,710 |
13,754,254 |
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TOTAL CURRENT LIABILITIES |
19,384,820 |
20,085,905 |
19,698,594 |
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Miscellaneous Liabilities Due After 1 Year |
- |
- |
- |
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TOTAL LONG TERM LIABILITIES |
- |
- |
- |
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TOTAL LIABILITIES |
19,384,820 |
20,085,905 |
19,698,594 |
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Called Up Share Capital |
85,000,000 |
85,000,000 |
85,000,000 |
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Revenue Reserves |
106,510,003 |
105,735,079 |
104,807,170 |
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Other Reserves |
71,000,000 |
72,000,000 |
60,000,000 |
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TOTAL SHAREHOLDERS EQUITY |
262,510,003 |
262,735,079 |
249,807,170 |
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Other Financials |
|||
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Financial Year |
06/2017 |
06/2016 |
06/2015 |
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Working Capital |
100,314,888 |
98,774,254 |
95,574,947 |
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Net Worth |
261,095,013 |
262,735,079 |
249,807,170 |
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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 (%) |
27.34 % |
27.76 % |
28.10 % |
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Return On Total Assets Employed (%) |
25.46 % |
25.79 % |
26.05 % |
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Return On Net Assets Employed (%) |
27.34 % |
27.76 % |
28.10 % |
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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 |
6.17 |
5.92 |
5.85 |
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Liquidity Ratio/Acid Test |
4.67 |
4.57 |
4.49 |
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Current Debt Ratio |
0.07 |
0.08 |
0.08 |
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Gearing (%) |
- |
- |
- |
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Equity In Percentage (%) |
93.12 % |
92.90 % |
92.69 % |
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Total Debt Ratio |
0.07 |
0.08 |
0.08 |
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Additional
financials |
|||
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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 |
121,425,082 |
116,453,496 |
114,262,164 |
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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 |
120,648 |
378,204 |
25,000 |
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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 |
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Nominal Share Capital 105,000,000
DKK |
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Issued Share Capital 85,000,000
DKK |
Shareholders |
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Shareholder
% Shares Held |
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OJD FONDEN 100 |
Current Directors |
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|
Name |
Appointment Date |
Position |
|
Marianne Clausen |
12/12/2003 |
BESTYRELSE |
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Annie Detlefs |
18/12/2015 |
FORMAND |
|
Jan Friis |
12/12/2003 |
BESTYRELSE |
|
John Flemming Vincensen |
01/08/2014 |
ADM. DIR. |
|
CHRISTENSEN KJÆRULFF STATSAUTORISERET REVISIONSAKTIESELSKAB |
18/08/2016 |
REVISION |
Previous Directors |
|||
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Name |
Appointment Date |
Position |
Resignation Date |
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MJAKP2 I/S |
01/01/1988 |
REVISION |
31/12/2012 |
|
MJAKP P/S |
01/01/2013 |
REVISION |
19/06/2015 |
|
Jens Nørskov |
01/01/1988 |
DIREKTION |
04/07/1988 |
|
Statsaut. revisor Nis Jørn Bennetzen |
01/01/1988 |
REVISION |
04/07/1988 |
|
Otto Johannes Detlefs |
12/12/2003 |
formand |
18/12/2015 |
|
Otto Johannes Detlefs |
01/01/1988 |
DIREKTION |
01/08/2014 |
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GRANT THORNTON,STATSAUTORISERET REVISIONSPARTNERSELSKAB |
19/06/2015 |
REVISION |
18/08/2016 |
Immediate Holding Parent |
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Immediate Holding Company Name VAT/Registration
Number |
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OJD FONDEN
28146353 |
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 |
|
US Dollar |
1 |
INR 64.10 |
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|
1 |
INR 94.44 |
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Euro |
1 |
INR 79.59 |
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DKK |
1 |
INR 10.68 |
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 : |
KET |
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.