MIRA
INFORM REPORT
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Report Date : |
31.03.2007 |
IDENTIFICATION
DETAILS
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Name : |
EGS Euro Graphic Services B.V. |
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Registered Office : |
Poeldonkweg 5, 5216 Jx `S-Hertogenbosch |
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Country : |
The Netherlands |
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Financials (as on) : |
31.12.2006 |
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Date of Incorporation : |
24/03/1992 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Repair and revision as well as transport of machines |
RATING &
COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Good |
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Payment Behaviour : |
Average 25 days beyond terms |
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Litigation : |
Clear |
NAME & ADDRESS
EGS Euro Graphic
Services B.V.
Poeldonkweg 5
5216 JX `S-HERTOGENBOSCH
Tel. : +31 (0)73-6296911
Fax. : +31
(0)73-6214465
Legal status
BV Private Company Ltd. acc. nat. law
Founded
24/03/1992, Ltd. since 31/12/1992
Trade register
16068933
Capital
nominal EUR 2.268.901,--
issued and paid up EUR 453.780,--
Management
Rudolphus Camillus Jozef de Haas, born
23/03/1958, Abelenlaan 7, 5271 RN SINT MICHIELSGESTEL
Activity
Repair and revision as well as transport of machines, including
bindingmachines, paper- convertormachines, for the grafical and allied industry; trading,
incl. import/export, of machines for the graphical and allied industry.
Staff
20 employees
The business premises at the mentioned
address has been rented by the company, as far as we know.
See balance sheet
Remarks
Subsidiary company of
-Heroflema BV,
Abelenlaan 7, 5271 RN SINT MICHIELSGESTEL
Previously located:
-Egs Euro Graphic Services BV,
Parallelweg 147, 5223 AP DEN BOSCH
The next financial data is extracted from the consolidated
balance sheet of 'EGS Euro Graphic Services B.V. '
Consolidated net result:
2006 Euro 152.994
2005 Euro 249.639
2004 Euro 240.126
The shareholders equity was as of:
31/12/2006 Euro 2.789.812
31/12/2005 Euro 2.636.817
31/12/2004 Euro 2.387.178
The working capital was as of:
31/12/2006 Euro 2.659.081
31/12/2005 Euro 2.636.514
31/12/2004 Euro 2.585.167
Website: http://www.egs.nl/
Imoprt : the EU
Export : worldwide
Correspondence address:
Postbus 444,
5201 AK DEN BOSCH
Subsidiaries are
reported:
SPANGRAMA S.L., (100%)
EGS EURO GRAPHIC SERVICES GMBH, (100%)
Full address:
Poeldonkweg 5 Gebouw Q, 5216JX 's-Hertogenbosch
Real estate is reportedly owned by the parent company.
Banks
ING Bank, `s-Hertogenbosch,
67.49.84.099
VAT-nr.
NL801700802B01
Mode of payment
On average 25 days beyond terms.
Credit demand
No objections against entering into a business relationship.
The following financial data is retrieved from the consolidated balance sheet of :
EGS Euro Graphic Services B.V.
Poeldonkweg 5, 5216 JX `S-HERTOGENBOSCH
Trade register 16068933
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EGS Euro Graphic
Services B.V. *** BALANCE SHEET ***
Consolidated in Euro(x 1) Euro(x 1)
---31-12-2005--- ------31-12-2006---
Intangible assets 0 0
Tangible assets 288.515 341.554
Financial assets 170.874 1.460
Miscellaneous fixed
assets 0 0
Total fixed assets 459.389 343.014
Stock 4.702.295 5.809.409
Receivables 1.297.330 1.425.315
Shares 0 0
Liquid assets 1.698 37.660
Miscellaneous
current assets 0 0
Total current assets 6.001.323 7.272.384
Shareholders equity 2.636.817 2.789.812
Provisions 459.086 212.283
Long-term
liabilities 0 0
Current liabilities 3.364.809 4.613.303
Minority interests 0 0
Miscellaneous
liabilities 0 0
Total liabilities 6.460.712 7.615.398
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EGS Euro Graphic
Services B.V. *** PROFIT & LOSS ACCOUNT ***
Consolidated in Euro(x 1) Euro(x 1)
---31-12-2005--- ------31-12-2006---
Turnover 0 0
Other income 0 0
Total expenses 0 0
Operating profit 241.436 375.259
Balance financial
P/L -56.785 -114.722
Net profit/loss 1] 184.651 260.537
Taxation 48.792 69.149
Share in P/L of
subsidiaries 113.780 -38.394
Net profit/loss 2] 249.639 152.994
Balance
extraordinary P/L 0 0
Taxation 0 0
Extraordinary P/L
2] 0 0
Res. sub. companies
2] 0 0
Minority interests 0 0
Miscellaneous P/L 0 0
Net result 249.639 152.994
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Legend : 1] = Before tax
2] = After
tax
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EGS Euro Graphic
Services B.V. *** FINANCIAL RATIOS ***
-----2005----- -----2006-----
EQUITY %
Equity gearing 40,8 36,6
Equity/outside
capital 69 57,8
LIQUIDITY
Current ratio 1,8 1,6
Acid test 0,4 0,3
RATES OF RETURN %
Total assets 2,9 3,4
Shareholders equity 7 9,3
Pre tax margin % 0 0
Turnover rate 0 0
(x 1) (x 1)
-------------------- --------------------
Working capital 2.636.514 2.659.081
Shareholders equity + Equalization acc. 2.636.817 2.789.812
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RATING
EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
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56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit consideration.
Capability to overcome financial difficulties seems comparatively below
average/normal. |
Small |
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11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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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 and their relative weights (as indicated through
%) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)