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MIRA
INFORM REPORT
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Report No. : |
510629 |
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Report Date : |
23.05.2018 |
IDENTIFICATION DETAILS
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Name : |
GRAS
SOUND & VIBRATION HOLDING APS |
|
|
|
|
Formerly Known As : |
P
& P HOLDING APS |
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|
|
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Registered Office : |
Skovlytoften
33, 2840 Holte |
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Country : |
Denmark |
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|
|
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Financials (as on) : |
June 2017 |
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Date of Incorporation : |
27.06.2011 |
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Com. Reg. No.: |
33784309 |
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Legal Form : |
Limited
company |
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|
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Line of Business : |
Not Available [We tried to confirm / obtain the detailed activity but the same is
not available from any sources] |
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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 |
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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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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 |
|
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 |
|
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 name
GRAS
SOUND
& VIBRATION HOLDING APS
Company Summary
|
Business Name |
GRAS SOUND & VIBRATION HOLDING ApS |
|
Country |
DENMARK |
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Company Registration Number |
33784309 |
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Activity Code |
999999 |
|
Activity Description |
Activity not stated |
|
Company Status |
Normal (Active) |
|
Latest Shareholder Equity Figure |
37,870,739 DKK |
Basic Information
|
Business Name |
GRAS SOUND & VIBRATION HOLDING ApS |
|
Registered Company Name |
GRAS SOUND & VIBRATION HOLDING ApS |
|
Company Registration Number |
33784309 |
|
Country |
DENMARK |
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VAT Registration Number |
33784309 |
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Date of Company Registration |
27/06/2011 |
|
Legal Form |
Limited company |
|
Company Status |
Normal (Active) |
|
Currency of this Report |
DKK |
|
Principal Activity Code |
999999 |
|
Principal Activity Description |
Activity not stated |
|
Contact Address |
Skovlytoften 33, 2840 Holte |
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Contact Telephone Number |
45664046 |
Main Address
|
Address |
Skovlytoften 33, 2840 Holte |
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Country |
DENMARK |
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Telephone |
45664046 |
Activities
|
Activity Code |
Activity Description |
|
999999 |
Activity not stated |
Email Addresses
Previous Names
|
Previous Name |
Date Changed from Previous Name |
|
P & P HOLDING ApS |
28/09/2014 |
Employee Information
No
employee information for this company
Real Estate
Value
N/A
Other Trading Names
No
information for this company.
Advisors
Auditor
Name Deloitte
Statsautoriseret Revisionspartnerselskab
Events
--
Financials
|
Profit and Loss |
|
|
|
|
Financial Year |
06/2017 |
06/2016 |
06/2015 |
|
Number of Weeks |
52 |
52 |
52 |
|
Currency |
DKK |
DKK |
DKK |
|
Consolidated Accounts |
No |
No |
No |
|
Operating Profit |
-28,125 |
-38,752 |
-37,500 |
|
Wages & Salaries |
- |
- |
- |
|
Financial Expenses |
452,955 |
576,316 |
740,949 |
|
Profit before Tax |
12,113,867 |
5,688,544 |
875,653 |
|
Tax |
-75,196 |
332,224 |
146,241 |
|
Profit after Tax |
12,189,063 |
6,020,768 |
1,021,894 |
|
Dividends |
3,000,000 |
- |
- |
|
Retained Profit |
9,189,063 |
6,020,768 |
1,021,894 |
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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 |
|
Consolidated Accounts |
No |
No |
No |
|
Miscellaneous Fixed |
|
|
|
|
Total Other Fixed Assets |
32,702,432 |
30,534,251 |
30,593,668 |
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TOTAL FIXED ASSETS |
32,702,432 |
30,534,251 |
30,593,668 |
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Trade Receivables |
|
|
|
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Group Receivables |
1,088,925 |
1,468,723 |
4,389,665 |
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Miscellaneous Receivables |
|
|
|
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Total Receivables |
1,088,925 |
1,468,723 |
4,389,665 |
|
Cash |
407,394 |
- |
- |
|
Other Current Assets |
15,206,912 |
8,576,573 |
2,720,015 |
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TOTAL CURRENT ASSETS |
16,703,231 |
10,045,296 |
7,109,680 |
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TOTAL ASSETS |
49,405,663 |
40,579,547 |
37,703,348 |
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Miscellaneous Liabilities |
4,706,153 |
5,758,942 |
4,490,367 |
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TOTAL CURRENT LIABILITIES |
4,706,153 |
5,758,942 |
4,490,367 |
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Miscellaneous Liabilities Due After 1 Year |
6,828,771 |
8,851,443 |
10,061,532 |
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TOTAL LONG TERM LIABILITIES |
6,828,771 |
8,851,443 |
10,061,532 |
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TOTAL LIABILITIES |
11,534,924 |
14,610,385 |
14,551,899 |
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Called Up Share Capital |
80,000 |
80,000 |
80,000 |
|
Revenue Reserves |
31,041,307 |
24,307,911 |
19,430,781 |
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Other Reserves |
6,749,432 |
1,581,251 |
3,640,668 |
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TOTAL SHAREHOLDERS EQUITY |
37,870,739 |
25,969,162 |
23,151,449 |
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|
|
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Other Financials |
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|
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Financial Year |
06/2017 |
06/2016 |
06/2015 |
|
Working Capital |
11,997,078 |
4,286,354 |
2,619,313 |
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Net Worth |
37,870,739 |
25,969,162 |
23,151,449 |
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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 (%) |
27.10 % |
16.34 % |
2.64 % |
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Return On Total Assets Employed (%) |
24.52 % |
14.02 % |
2.32 % |
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Return On Net Assets Employed (%) |
31.99 % |
21.90 % |
3.78 % |
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Sales/Net Working Capital |
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|
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Stock Turnover Ratio (%) |
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Debtor Days |
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Creditor Days |
- |
- |
- |
|
Current Ratio |
3.55 |
1.74 |
1.58 |
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Liquidity Ratio/Acid Test |
3.55 |
1.74 |
1.58 |
|
Current Debt Ratio |
0.12 |
0.22 |
0.19 |
|
Gearing (%) |
- |
- |
- |
|
Equity In Percentage (%) |
76.65 % |
64.00 % |
61.40 % |
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Total Debt Ratio |
0.30 |
0.56 |
0.63 |
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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 |
- |
- |
- |
|
Gross Profit |
- |
- |
- |
|
Change In Stock |
- |
- |
- |
|
Other Operating Income |
- |
- |
- |
|
Audit Fees |
- |
- |
- |
|
Other Operating Expenses |
- |
- |
- |
|
Extraordinary Net Result |
- |
- |
- |
|
Investment Property |
- |
- |
- |
|
Contract Work In Progress |
- |
- |
- |
|
Revaluation Reserve |
3,749,432 |
1,581,251 |
3,640,668 |
|
Minority Interests |
- |
- |
- |
Share Capital Structure
|
Nominal Share Capital |
80,000 DKK |
|
Issued Share Capital |
80,000 DKK |
Shareholders
|
Shareholder |
% Shares Held |
|
PETER WULF-ANDERSEN HOLDING ApS |
33.33 |
|
PERGRAS HOLDING ApS |
33.33 |
|
LK Holding af 2017 ApS |
5 |
Current Directors
|
Name |
Appointment
Date |
Position |
|
Aage Nyholm Thomsen |
12/12/2017 |
FORMAND |
|
Peter Wulf-Andersen |
27/06/2011 |
BESTYRELSE |
|
Peter Wulf-Andersen |
12/12/2013 |
DIREKTION |
|
BDO STATSAUTORISERET
REVISIONSAKTIESELSKAB |
17/04/2018 |
REVISION |
|
Per Rasmussen |
27/06/2011 |
Reel ejer |
|
PETER WULF-ANDERSEN
HOLDING ApS |
27/06/2011 |
STIFTERE |
|
PERGRAS HOLDING ApS |
27/06/2011 |
STIFTERE |
|
Peter Wulf-Andersen |
27/06/2011 |
Reel ejer |
|
Per Rasmussen |
27/06/2011 |
BESTYRELSE |
|
Per Rasmussen |
27/06/2011 |
DIREKTION |
Previous Directors
|
Name |
Appointment Date |
Position |
Resignation Date |
|
Hanna Hertz Rasmussen |
29/09/2014 |
BESTYRELSE |
12/12/2017 |
|
Gunnar Rasmussen |
29/09/2014 |
formand |
12/12/2017 |
|
DELOITTE STATSAUTORISERET
REVISIONSPARTNERSELSKAB |
13/10/2011 |
REVISION |
17/04/2018 |
Immediate Holding Parent
No information for this company.
Subsidiary Companies
|
Subsidiary Name |
Number |
|
G.R.A.S. SOUND &
VIBRATION A/S |
27160921 |
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 68.02 |
|
|
1 |
INR 91.25 |
|
Euro |
1 |
INR 80.07 |
|
DKK |
1 |
INR 10.75 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
PRI |
|
|
|
|
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.