MIRA INFORM REPORT

 

 

Report No. :

494790

Report Date :

12.03.2018

 

 

 

IDENTIFICATION DETAILS

 

Name :

DIXIE APS

 

 

Registered Office :

Kometvej 8, 8700 Horsens

 

 

Country :

Denmark

 

 

Financials (as on) :

December 2016

 

 

Date of Incorporation :

23.06.2008

 

 

Com. Reg. No.:

31583454

 

 

Legal Form :

Limited company

 

 

Line of Business :

Non-specialized wholesale trade

 

[We tried to confirm / obtain the detailed activity but the same is not available from any sources]

 

 

No. of Employees :

10 - 19

 

 

RATING & COMMENTS

(Mira Inform has adopted New Rating mechanism w.e.f. 23rd January 2017)

 

MIRA’s Rating :

A

 

Credit Rating

Explanation

Rating Comments

A

Acceptable Risk

Business dealings permissible with moderate risk of default

 

Status :

Good

 

 

Payment Behaviour :

No Complaints

 

 

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

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low Risk

 

A2

Moderately Low Risk

 

B1

Moderate Risk

 

B2

Moderately High Risk

 

C1

High Risk

 

C2

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

DIXIE ApS

Country

DENMARK

Company Registration Number

31583454

Activity Code

469000

Activity Description

Non-specialized wholesale trade

Company Status

Normal (Active)

Latest Shareholder Equity Figure

6,768,457 DKK

 

 

Basic Information

 

Business Name

DIXIE ApS

Registered Company Name

DIXIE ApS

Company Registration Number

31583454

Country

DENMARK

VAT Registration Number

31583454

Date of Company Registration

23/06/2008

Legal Form

Limited company

Company Status

Normal (Active)

Currency of this Report

DKK

Principal Activity Code

469000

Principal Activity Description

Non-specialized wholesale trade

Contact Address

Kometvej 8, 8700 Horsens

 

 

Main Address

 

Address

Kometvej 8, 8700 Horsens

Country

DENMARK

 

 

Activities

 

Activity Code

Activity Description

469000

Non-specialized wholesale trade

 

 

Email Addresses

No email addresses for this company                                                                

 

 

Employee Information

 

Year

Number of Employees

2017

10 - 19

2016

10 - 19

2015

10 - 19

 

 

Real Estate

Value

N/A

 

 

Other Trading Names

No information for this company.

 

 

Advisors

 

Auditor Name

Radgivning & Revision A/S

 

 

Events

No information for this company.                                                                      

 

 

FINANCIALS

 

Profit and Loss

 

 

 

Financial Year

12/2016

12/2015

12/2014

Number of Weeks

52

52

52

Currency

DKK

DKK

DKK

Consolidated Accounts

No

No

No

Operating Profit

3,955,116

1,661,410

-912,219

Wages & Salaries

-

-

-

Financial Income

4,339

1,957

5,327

Financial Expenses

2,550,267

1,413,822

474,314

Profit before Tax

1,409,188

249,545

-1,381,206

Tax

311,917

80,608

-330,843

Profit after Tax

1,097,271

168,937

-1,050,363

Dividends

-

-

-

Retained Profit

1,097,271

168,937

-1,050,363

Balance Sheet

 

 

 

Financial Year

12/2016

12/2015

12/2014

Number of Weeks

52

52

52

Currency

DKK

DKK

DKK

Consolidated Accounts

No

No

No

Land & Buildings

-

-

3,980,049

Other Tangible Assets

934,855

391,727

479,938

Total Tangible Assets

934,855

391,727

4,459,987

Goodwill

-

-

-

Total Intangible Assets

-

-

-

Miscellaneous Fixed Assets

-

-

-

Total Other Fixed Assets

25,000

-391,727

-

TOTAL FIXED ASSETS

959,855

-

4,459,987

Other Inventories

2,715,044

1,449,315

3,417,880

Total Inventories

2,715,044

1,449,315

3,417,880

Trade Receivables

3,631,309

4,022,550

1,704,984

Group Receivables

2,089,220

1,569,025

-

Miscellaneous Receivables

-

-

-

Total Receivables

5,720,529

5,591,575

1,704,984

Cash

165,850

225,048

454,930

Other Current Assets

17,428

-7,265,938

268,235

TOTAL CURRENT ASSETS

8,618,851

-

5,846,029

TOTAL ASSETS

9,578,706

7,880,910

10,306,016

Trade Payables

1,480,815

1,278,694

874,712

Bank Liabilities

737,156

894,187

1,263,673

Group Payables

-

-

-

Miscellaneous Liabilities

556,467

36,843

323,342

TOTAL CURRENT LIABILITIES

2,774,438

2,209,724

2,461,727

Other Loans Or Finance Due After 1 Year

-

-

2,342,040

Miscellaneous Liabilities Due After 1 Year

35,811

-

-

TOTAL LONG TERM LIABILITIES

35,811

-

2,342,040

TOTAL LIABILITIES

2,810,249

2,209,724

4,803,767

Called Up Share Capital

125,000

125,000

125,000

Revenue Reserves

6,643,457

5,546,186

5,377,249

Other Reserves

-

-

-

TOTAL SHAREHOLDERS EQUITY

6,768,457

5,671,186

5,502,249

Other Financials

 

 

 

Financial Year

12/2016

12/2015

12/2014

Working Capital

5,844,413

-2,209,724

3,384,302

Net Worth

6,768,457

5,671,186

5,502,249

Ratios

 

 

 

Financial Year

12/2016

12/2015

12/2014

Pre-Tax Profit Margin (%)

-

-

-

Return On Capital Employed (%)

20.71 %

4.40 %

-17.61 %

Return On Total Assets Employed (%)

14.71 %

3.17 %

-13.40 %

Return On Net Assets Employed (%)

20.82 %

4.40 %

-25.10 %

Sales/Net Working Capital

-

-

-

Stock Turnover Ratio (%)

-

-

-

Debtor Days

-

-

-

Creditor Days

-

-

-

Current Ratio

3.11

-

2.37

Liquidity Ratio/Acid Test

2.13

-0.66

0.99

Current Debt Ratio

0.41

0.39

0.45

Gearing (%)

-

-

-

Equity In Percentage (%)

70.66 %

-

53.39 %

Total Debt Ratio

0.42

0.39

0.87

Additional financials

 

 

 

Financial Year

12/2016

12/2015

12/2014

Cost Of Sales

-

-

-

Gross Profit

15,061,735

10,407,246

7,489,711

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

125,000 DKK

Issued Share Capital

125,000 DKK

 

 

Shareholders

 

Shareholder

% Shares Held

A & T Holding ApS

100

 

 

Current Directors

 

Name

Appointment Date

Position

Allan Duderstadt Feder

25/09/2015

Reel ejer

STATSAUTORISERET REVISIONSAKTIESELSKAB RADGIVNING & REVISION

23/06/2008

REVISION

Tove Resen

23/06/2008

STIFTERE

Allan Duderstadt Feder

23/06/2008

STIFTERE

Allan Duderstadt Feder

23/06/2008

DIREKTION

Previous Directors            

 

Name                                                                   

Appointment Date

Position

Resignation Date

Tove Resen

23/06/2008

DIREKTION

07/10/2015

 

 

Immediate Holding PARENT

 

Company Name

VAT/Registration Number

A & T Holding ApS

37108685

 

 

Subsidiary Companies                                                                                         

No subsidaries for this company                       

 

Affiliates                                                                                                              

No affiliates for this company

 

Negative Information

No negative information for this company

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

INR 65.08

UK Pound

1

INR 89.85

Euro

1

INR 80.16

DKK

1

INR 10.76 

 

Note : Above are approximate rates obtained from sources believed to be correct

 

 

INFORMATION DETAILS

 

Analysis Done by :

VAR

 

 

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

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)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.