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MIRA INFORM REPORT
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Report No. : |
494952 |
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Report Date : |
05.03.2018 |
IDENTIFICATION DETAILS
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Name : |
TOMEX
FOODS APS |
|
|
|
|
Formerly Known As : |
DANIMPO
APS |
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|
|
|
Registered Office : |
Hasserisvej
139, 9000 Aalborg |
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Country : |
Denmark |
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|
|
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Financials (as on) : |
June
2017 |
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|
|
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Date of Incorporation : |
20.03.1992 |
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|
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Com. Reg. No.: |
16013897 |
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|
|
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Legal Form : |
Limited
company |
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|
|
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Line of Business : |
Wholesale
of meat and meat products |
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|
|
|
No. of Employees : |
Not available |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
A |
|
Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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Status : |
Good |
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|
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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) |
|
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.
|
Source
: CIA |
Company
Summary
|
Business Name |
TOMEX FOODS ApS |
|
Country |
DENMARK |
|
Company Registration
Number |
16013897 |
|
Activity Code |
463200 |
|
Activity Description |
Wholesale of meat and meat
products |
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Company Status |
Normal (Active) |
|
Latest Turnover Figure |
328,577,302 DKK |
|
Latest Shareholder Equity
Figure |
25,102,792 DKK |
Basic
Information
|
Business Name |
TOMEX FOODS ApS |
|
Registered Company Name |
TOMEX FOODS ApS |
|
Company Registration
Number |
16013897 |
|
Country |
DENMARK |
|
VAT Registration Number |
16013897 |
|
Date of Company
Registration |
20/03/1992 |
|
Legal Form |
Limited company |
|
Company Status |
Normal (Active) |
|
Currency of this Report |
DKK |
|
Principal Activity Code |
463200 |
|
Principal Activity
Description |
Wholesale of meat and meat
products |
|
Contact Address |
Hasserisvej 139, 9000
Aalborg |
Main
Address
|
Address |
Hasserisvej 139, 9000
Aalborg |
|
Country |
DENMARK |
Activities
|
Activity Code |
Activity Description |
|
463200 |
Wholesale of meat and meat
products |
Email Addresses
No email addresses for this company
Previous
Names
|
Previous Name |
Date Changed from Previous
Name |
|
DANIMPO ApS |
01/02/2005 |
Employee
Information
|
Year |
Number of Employees |
|
2004 |
0 - 0 |
|
2003 |
0 - 0 |
|
2002 |
0 - 0 |
Real Estate
Value
N/A
Other
Trading Names
CARIBEX ApS
Advisors
|
Auditor Name |
Beierholm |
Events
--
Financials
|
Profit and Loss |
|
|
|
|
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 |
|
Consolidated Accounts |
No |
No |
No |
|
Revenue |
328,577,302 |
306,768,431 |
271,979,259 |
|
Operating Costs |
321,240,284 |
- |
- |
|
Operating Profit |
7,337,018 |
- |
- |
|
Financial Income |
7,244 |
1,013,790 |
2,639,917 |
|
Financial Expenses |
1,517,926 |
1,085,228 |
994,022 |
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Profit before Tax |
5,797,553 |
8,457,799 |
7,143,807 |
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Tax |
1,281,794 |
1,895,909 |
1,678,795 |
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Profit after Tax |
4,515,759 |
6,561,890 |
5,465,012 |
|
Dividends |
1,700,000 |
1,700,000 |
1,300,000 |
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Retained Profit |
2,815,759 |
4,861,890 |
4,165,012 |
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Balance Sheet |
|
|
|
|
Financial Year |
06/2017 |
06/2016 |
06/2015 |
|
Number of Weeks |
52 |
52 |
52 |
|
Currency |
DKK |
DKK |
DKK |
|
Consolidated Accounts |
No |
No |
No |
|
Total Other Fixed Assets |
16,235 |
- |
- |
|
TOTAL FIXED ASSETS |
16,235 |
- |
- |
|
Finished Goods |
7,093,083 |
7,051,316 |
11,528,794 |
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Other Inventories |
390,648 |
546,971 |
740,422 |
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Total Inventories |
7,483,731 |
7,598,287 |
12,269,216 |
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Trade Receivables |
55,268,232 |
61,582,022 |
41,729,078 |
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Group Receivables |
763,189 |
406,153 |
345,790 |
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Miscellaneous Receivables |
504,206 |
397,431 |
40,199 |
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Total Receivables |
56,535,627 |
62,385,606 |
42,115,067 |
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Cash |
4,633,973 |
344,673 |
- |
|
Other Current Assets |
912,310 |
- |
- |
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TOTAL CURRENT ASSETS |
69,565,641 |
70,328,566 |
54,384,283 |
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TOTAL ASSETS |
69,581,876 |
70,328,566 |
54,384,283 |
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Trade Payables |
9,800,612 |
11,969,792 |
6,486,412 |
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Bank Liabilities |
21,846,808 |
- |
- |
|
Other Loans Or Finance |
- |
20,769,891 |
6,702,913 |
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Group Payables |
10,338,122 |
12,468,454 |
21,406,799 |
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Miscellaneous Liabilities |
2,438,142 |
2,831,560 |
2,761,180 |
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TOTAL CURRENT LIABILITIES |
44,423,684 |
48,039,697 |
37,357,304 |
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Miscellaneous Liabilities
Due After 1 Year |
55,400 |
- |
- |
|
TOTAL LONG TERM
LIABILITIES |
55,400 |
- |
- |
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TOTAL LIABILITIES |
44,479,084 |
48,039,697 |
37,357,304 |
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Called Up Share Capital |
755,000 |
755,000 |
755,000 |
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Revenue Reserves |
22,647,792 |
19,833,869 |
14,971,979 |
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Other Reserves |
1,700,000 |
1,700,000 |
1,300,000 |
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TOTAL SHAREHOLDERS EQUITY |
25,102,792 |
22,288,869 |
17,026,979 |
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Other Financials |
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|
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Financial Year |
06/2017 |
06/2016 |
06/2015 |
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Working Capital |
25,141,957 |
22,288,869 |
17,026,979 |
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Net Worth |
25,102,792 |
22,288,869 |
17,026,979 |
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Ratios Financial Year |
06/2017 |
06/2016 |
06/2015 |
|
Pre-Tax Profit Margin (%) |
1.76 % |
2.76 % |
2.63 % |
|
Return On Capital Employed
(%) |
23.04 % |
37.95 % |
41.96 % |
|
Return On Total Assets
Employed (%) |
8.33 % |
12.03 % |
13.14 % |
|
Return On Net Assets
Employed (%) |
23.10 % |
37.95 % |
41.96 % |
|
Sales/Net Working Capital |
13.07 |
13.76 |
15.97 |
|
Stock Turnover Ratio (%) |
2.28 % |
2.48 % |
4.51 % |
|
Debtor Days |
61.39 |
73.27 |
56.00 |
|
Creditor Days |
10.89 |
14.24 |
8.70 |
|
Current Ratio |
1.57 |
1.46 |
1.46 |
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Liquidity Ratio/Acid Test |
1.40 |
1.31 |
1.13 |
|
Current Debt Ratio |
1.77 |
2.16 |
2.19 |
|
Gearing (%) |
- |
- |
- |
|
Equity In Percentage (%) |
36.08 % |
31.69 % |
31.31 % |
|
Total Debt Ratio |
1.77 |
2.16 |
2.19 |
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Additional financials Financial Year |
06/2017 |
06/2016 |
06/2015 |
|
Cost Of Sales |
- |
- |
- |
|
Gross Profit |
7,337,018 |
8,540,237 |
5,497,912 |
|
Change In Stock |
- |
- |
- |
|
Other Operating Income |
- |
- |
- |
|
Audit Fees |
- |
- |
- |
|
Other Operating Expenses |
- |
- |
- |
|
Extraordinary Net Result |
- |
- |
- |
|
Investment Property |
- |
- |
- |
|
Contract Work In Progress |
- |
- |
- |
|
Revaluation Reserve |
- |
- |
- |
|
Minority Interests |
- |
- |
- |
Share
Capital Structure
|
Nominal Share Capital |
755,000
DKK |
|
Issued Share Capital |
755,000
DKK |
Shareholders
|
Shareholder |
% Shares Held |
|
TOMEX
DANMARK A/S |
|
|
NVL
HOLDING ApS |
|
Current Directors
|
Name |
Appointment
Date |
Position |
|
Tom
Andersen |
29/04/2008 |
Reel
ejer |
|
Lars
Lynge Walther |
20/03/1992 |
STIFTERE |
|
Gitte
Kate Skaar |
20/03/1992 |
STIFTERE |
|
Niels
Daugaard Liltorp |
26/05/2005 |
BESTYRELSE |
|
Niels
Daugaard Liltorp |
29/04/2008 |
Reel
ejer |
|
ANPARTSSELSKABET
A+A+A |
20/03/1992 |
STIFTERE |
|
BEIERHOLM, STATSAUTORISERET REVISIONSPARTNERSELSKAB |
24/09/2010 |
REVISION |
|
Bo
Andersen |
26/05/2005 |
BESTYRELSE |
|
Bo
Andersen |
20/03/1992 |
DIREKTION |
|
Bo
Andersen |
29/04/2008 |
Reel
ejer |
|
Tom
Andersen |
26/05/2005 |
BESTYRELSE |
Previous Directors
|
Name |
Appointment
Date |
Position |
Resignation
Date |
|
Tom
Andersen |
04/02/2002
|
DIREKTION |
26/05/2005 |
|
Lars
Lynge Walther |
20/03/1992
|
DIREKTION |
25/01/1995 |
|
DELOITTE
STATSAUTORISERET |
20/03/1992
|
REVISION |
28/04/1999 |
|
Timothy William Ariss |
26/05/2005 |
BESTYRELSE |
30/11/2007 |
Group Structure
No group structure for this
company
Negative Information
No negative information for
this company
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 65.23 |
|
|
1 |
INR 89.71 |
|
Euro |
1 |
INR 79.50 |
|
DKK |
1 |
INR 10.76 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
NIS |
|
|
|
|
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 |
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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.