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MIRA
INFORM REPORT
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Report No. : |
511524 |
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Report Date : |
28.05.2018 |
IDENTIFICATION DETAILS
|
Name : |
BENZLER
TRANSMISSION A/S |
|
|
|
|
Registered Office : |
K0benhavnsvej
8B, 3650 0lstykke |
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|
|
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Country : |
Denmark |
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|
|
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Financials (as on) : |
March 2017 |
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|
|
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Date of Incorporation : |
04.02.1981 |
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Com. Reg. No.: |
64445618 |
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|
|
|
Legal Form : |
Limited
company |
|
|
|
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Line of Business : |
Wholesale
of other machinery and equipment |
|
|
|
|
No. of Employees : |
1
- 1 |
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 |
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Status : |
Good |
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|
|
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Payment Behaviour : |
Regular |
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|
|
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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 |
|
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 |
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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 name
BENZLER TRANSMISSION A/S
Company Summary
|
Business Name |
BENZLER TRANSMISSION A/S |
|
Country |
DENMARK |
|
Company Registration Number |
64445618 |
|
Activity Code |
466900 |
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Activity Description |
Wholesale of other machinery and equipment |
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Company Status |
Normal (Active) |
|
Latest Turnover Figure |
21,298,797 DKK |
|
Latest Shareholder Equity Figure |
3,683,110 DKK |
Basic Information
|
Business Name |
BENZLER TRANSMISSION A/S |
|
Registered Company Name |
BENZLER TRANSMISSION A/S |
|
Company Registration Number |
64445618 |
|
Country |
DENMARK |
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VAT Registration Number |
64445618 |
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Date of Company Registration |
04/02/1981 |
|
Legal Form |
Limited company |
|
Company Status |
Normal (Active) |
|
Currency of this Report |
DKK |
|
Principal Activity Code |
466900 |
|
Principal Activity Description |
Wholesale of other machinery and equipment |
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Contact Address |
K0benhavnsvej 8B, 3650 0lstykke |
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Contact Telephone Number |
26787735 |
Main Address
|
Address |
K0benhavnsvej 8B, 3650 0lstykke |
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Country |
DENMARK |
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Telephone |
26787735 |
Activities
|
Activity Code |
Activity Description |
|
466900 |
Wholesale of other machinery and equipment |
Email Addresses
Employee Information
|
Year |
Number of Employees |
|
2016 |
1 - 1 |
|
2015 |
2 - 4 |
|
2014 |
1 - 1 |
Real Estate
Value
N/A
Other Trading Names
No information for this company.
Advisors
|
Auditor Name |
Deloitte Statsautoriseret Revisionspartnerselskab |
Events
No information for this company.
FINANCIALS
|
Profit and Loss |
|
|
|
|
Financial Year |
03/2017 |
03/2016 |
03/2015 |
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Number of Weeks |
52 |
52 |
52 |
|
Currency |
DKK |
DKK |
DKK |
|
Consolidated Accounts |
No |
No |
No |
|
Revenue |
21,298,797 |
13,430,841 |
4,726,586 |
|
Operating Costs |
20,491,646 |
12,912,272 |
4,499,670 |
|
Operating Profit |
807,151 |
518,569 |
226,916 |
|
Wages & Salaries |
659,928 |
882,981 |
517,575 |
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Pension Costs |
5,979 |
32,198 |
12,925 |
|
Financial Income |
4,007 |
18,546 |
32,793 |
|
Financial Expenses |
- |
337 |
2,820 |
|
Profit before Tax |
811,158 |
536,778 |
256,889 |
|
Tax |
182,376 |
-127,331 |
-62,465 |
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Profit after Tax |
628,782 |
409,447 |
194,424 |
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Retained Profit |
628,782 |
409,447 |
194,424 |
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|
|
|
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Balance Sheet |
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|
|
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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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Miscellaneous Fixed Assets |
|
|
|
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Trade Receivables |
4,522,692 |
3,803,317 |
1,319,282 |
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Group Receivables |
704,007 |
- |
1,668,263 |
|
Miscellaneous Receivables |
65 |
12,360 |
12,000 |
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Total Receivables |
5,226,764 |
3,815,677 |
2,999,545 |
|
Cash |
739,951 |
641,033 |
225,261 |
|
Other Current Assets |
9,262 |
28,097 |
60,271 |
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TOTAL CURRENT ASSETS |
5,975,977 |
4,484,807 |
3,285,077 |
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TOTAL ASSETS |
5,975,977 |
4,484,807 |
3,285,077 |
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Trade Payables |
27,559 |
8,081 |
2,322 |
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Group Payables |
672,721 |
265,765 |
76,759 |
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Miscellaneous Liabilities |
1,592,587 |
1,156,634 |
561,114 |
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TOTAL CURRENT LIABILITIES |
2,292,867 |
1,430,480 |
640,195 |
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Miscellaneous Liabilities Due After 1 Year |
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|
|
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TOTAL LONG TERM LIABILITIES |
|
|
|
|
TOTAL LIABILITIES |
2,292,867 |
1,430,480 |
640,195 |
|
Called Up Share Capital |
1,500,000 |
1,500,000 |
1,500,000 |
|
Revenue Reserves |
2,183,110 |
1,554,327 |
1,144,882 |
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Other Reserves |
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|
|
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TOTAL SHAREHOLDERS EQUITY |
3,683,110 |
3,054,327 |
2,644,882 |
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|
|
|
|
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Other Financials |
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|
|
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Financial Year |
03/2017 |
03/2016 |
03/2015 |
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Working Capital |
3,683,110 |
3,054,327 |
2,644,882 |
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Net Worth |
3,683,110 |
3,054,327 |
2,644,882 |
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Ratios |
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Financial Year |
03/2017 |
03/2016 |
03/2015 |
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Pre-Tax Profit Margin (%) |
3.81 % |
4.00 % |
5.43 % |
|
Return On Capital Employed (%) |
22.02 % |
17.57 % |
9.71 % |
|
Return On Total Assets Employed (%) |
13.57 % |
11.97 % |
7.82 % |
|
Return On Net Assets Employed (%) |
22.02 % |
17.57 % |
9.71 % |
|
Sales/Net Working Capital |
5.78 |
4.40 |
1.79 |
|
Stock Turnover Ratio (%) |
|
|
|
|
Debtor Days |
77.51 |
103.36 |
101.88 |
|
Creditor Days |
0.47 |
0.22 |
0.18 |
|
Current Ratio |
2.61 |
3.14 |
5.13 |
|
Liquidity Ratio/Acid Test |
2.61 |
3.14 |
5.13 |
|
Current Debt Ratio |
0.62 |
0.47 |
0.24 |
|
Gearing (%) |
|
|
|
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Equity In Percentage (%) |
61.63 % |
68.10 % |
80.51 % |
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Total Debt Ratio |
0.62 |
0.47 |
0.24 |
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|
|
|
|
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Additional
financials |
|
|
|
|
Financial Year |
03/2017 |
03/2016 |
03/2015 |
|
Cost Of Sales |
19,668,826 |
11,754,543 |
3,764,541 |
|
Gross Profit |
1,478,610 |
1,441,019 |
766,447 |
Share Capital Structure
Nominal Share Capital 1,500,000 DKK
Issued Share Capital 1,500,000 DKK
Shareholders
Shareholder Shares
Held
AB BENZLERS 100%
Current Directors
|
Name |
Appointment Date |
Position |
|
DELOITTE STATSAUTORISERET REVISIONSPARTNERSELSKAB |
22/01/2013 |
REVISION |
|
Prayasvin Bhanubhai Patel |
26/11/2010 |
BESTYRELSE |
|
Prashant Chandrakant Amin |
26/11/2010 |
formand |
|
Chandrakant Babubhai Patel |
21/01/2016 |
ADM. DIR. |
|
Chandrakant Babubhai Patel |
21/01/2016 |
BESTYRELSESMEDLEM |
Previous Directors
|
Name |
Appointment Date |
Position |
Resignation Date |
|
Lars Harald Torbjørn Nordlander |
19/03/1999 |
BESTYRELSE |
22/09/2005 |
|
Søren Gunnar Ljunglof |
19/03/1999 |
BESTYRELSE |
30/09/1999 |
|
Leif Lennart Veine Johansson |
20/10/2009 |
BESTYRELSE |
26/11/2010 |
|
Carl Håkan Holmstrom |
04/02/1981 |
BESTYRELSE |
30/09/1999 |
|
Klas Inge Gustav Byqvist |
04/02/1981 |
BESTYRELSE |
19/03/1999 |
|
Gert Krister Mellve |
04/02/1981 |
DIREKTION |
20/11/1990 |
|
Gert Krister Mellve |
04/02/1981 |
BESTYRELSE |
10/09/1992 |
|
CJ Partnership I/S |
19/03/1999 |
REVISION |
14/11/1999 |
|
ERNST & YOUNG Danmark A/S |
04/02/1981 |
REVISION |
19/03/1999 |
|
ERNST & YOUNG Danmark A/S |
15/11/1999 |
REVISION |
10/08/2010 |
|
Anders Lassen |
04/02/1981 |
DIREKTION |
30/11/2003 |
|
Anders Lassen |
04/02/1981 |
BESTYRELSE |
30/11/2003 |
|
Ulla Christine Boye |
04/02/1981 |
BESTYRELSE |
18/08/1995 |
|
Ulla Christine Boye |
01/12/2003 |
BESTYRELSE |
01/10/2007 |
|
Finn Kristiansen |
04/02/1981 |
DIREKTION |
09/05/1988 |
|
Finn Kristiansen |
04/02/1981 |
BESTYRELSE |
09/05/1988 |
|
Peter Flemming Alsted |
04/02/1981 |
BESTYRELSE |
18/08/1995 |
|
Connie Bodeholt |
04/02/1981 |
BESTYRELSE |
13/01/1989 |
|
Phillip Cartwright |
23/09/2005 |
BESTYRELSE |
11/11/2005 |
|
Harish Chasmawalla Alias Shroff |
18/09/2014 |
DIREKTION |
21/01/2016 |
|
Harish Chasmawalla Alias Shroff |
17/06/2013 |
BESTYRELSE |
21/01/2016 |
|
Mark Ashley Cooper |
01/10/2007 |
adm. dir |
17/06/2013 |
|
Mark Ashley Cooper |
01/10/2007 |
BESTYRELSE |
17/06/2013 |
|
Björn Kellgren |
14/11/2005 |
BESTYRELSE |
26/05/2009 |
|
Roger Bailey |
14/11/2005 |
adm. dir |
22/02/2007 |
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 68.26 |
|
|
1 |
INR 91.22 |
|
Euro |
1 |
INR 79.88 |
|
DKK |
1 |
INR 10.61 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
VIV |
|
|
|
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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 |
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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.