MIRA
INFORM REPORT
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Report Date : |
14.04.2007 |
IDENTIFICATION
DETAILS
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Name : |
Rexnord Flattop Europe B.V. |
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Registered Office : |
Einsteinstraat 1, 2691 Gv `S-Gravenzande |
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Country : |
Netherlands |
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Financials (as on) : |
31.03.2004 |
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Date of Incorporation : |
01/10/1947 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
The production of transport chains and the trade in components for
transport installations. |
RATING &
COMMENTS
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MIRA’s Rating : |
A |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Maximum Credit Limit : |
EUR
500.000 |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
name & address
Rexnord Flattop
Europe B.V.
Einsteinstraat 1
2691 GV `S-GRAVENZANDE
Tel. : +31 (0)174-445100
Fax. : +31
(0)174-445109
Legal status
BV Private Company Ltd. acc. nat. law
Founded
01/10/1947, Ltd. since 22/12/1972
Trade register
27213812
Capital
nominal EUR 1.135.000,--
issued and paid up EUR 454.000,--
Management
Alfred Oscar Lancel, born 28/10/1961,
Mesdagstraat 3, 2665 XK BLEISWIJK
ANGELO SUAR, born 01/11/1964, FRANKRIJK
TODD A. ADAMS, born 11/01/1971, USA
GEORGE C. MOORE, born 08/05/1955, USA
ANDREW K. SILVERNAIL, born 16/12/1970, USA
Activity
The production of transport chains and the
trade in components for transport installations.
Trade name
- MCC Nederland
- Rexnord Marbett
Staff
160 employees
from the consolidated balance sheet of
M.C.C. Holding BV
2004
Euro 61.848.000
2003
Euro 50.644.000
Real estate
The business premises at the mentioned
address has been rented by the company, as far as we know.
See balance sheet
The last available balance
sheet is attached.
A more recent
balance sheet is not available.
Remarks
Subsidiary company of
- M.C.C.
Holding BV,
Einsteinstraat 1, 2691 GV S-GRAVENZANDE
Ultimate parent company
- Rexnord Netherlands Holdings BV,
Einsteinstraat 1, 2691 GV S-GRAVENZANDE.
The next
financial data is extracted from the consolidated balance sheet of 'M.C.C. Holding BV '
Consolidated
net result:
2004 Euro 5.622.000
2003 Euro 5.261.000
The
shareholders equity was as of:
31/3/2004 Euro 19.921.000
31/3/2003 Euro 22.008.000
The working
capital was as of:
31/3/2004 Euro 9.432.000
31/3/2003 Euro 11.925.000
Website: www.rexnordflattop.com
A declaration
of liability has been filed by M.C.C. Holding BV. Despite of legal obligation
it did not file the financial figures of 2005.
Correspondence
address:
PO box 12
2690 AC
's-Gravenzande
The phone
number you have provided 0174445200 is the number of Mr. Tom Boers which is an
employee of the sales department.
Banks
ABN-AMRO NV,
`s-Gravenhage, 51.92.29.541
VAT-nr.
NL001571126B01
Mode of payment
On average 20 days beyond
terms.
Credit demand
No objections against
entering into a business relationship.
With regard to
the above mentioned information, we recommend you to follow the course of
business. A maximum credit limit of EUR 500.000 is advised
The following financial data is retrieved from the consolidated balance sheet of :
M.C.C. Holding BV
Einsteinstraat, 2691GV S-GRAVENZANDE
Trade register 27213793
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M.C.C.
Holding BV *** BALANCE SHEET ***
Consolidated
in Euro(x 1.000) Euro(x 1.000)
---31-03-2003--- ------31-03-2004---
Intangible
assets 534 229
Tangible
assets 10.693 10.532
Financial
assets 2.555 0
Miscellaneous
fixed assets 0 0
Total fixed assets 13.782 10.761
Stock 7.286 6.749
Receivables 11.352 23.597
Shares 0 0
Liquid
assets 3.284 3.206
Miscellaneous
current assets 0 0
Total current assets 21.922 33.552
Shareholders equity 22.008 19.921
Provisions 185 272
Long-term
liabilities 3.514 0
Current
liabilities 9.997 24.120
Minority
interests 0 0
Miscellaneous
liabilities 0 0
Total liabilities 35.704 44.313
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M.C.C.
Holding BV *** PROFIT & LOSS
ACCOUNT ***
Consolidated
in Euro(x 1.000) Euro(x 1.000)
---31-03-2003--- ------31-03-2004---
Turnover 50.644 61.848
Other
income 0 0
Total
expenses 40.306 54.588
Operating
profit 10.338 7.260
Balance
financial P/L -326 405
Net
profit/loss 1] 10.012 7.665
Taxation 4.751 2.043
Share
in P/L of subsidiaries 0 0
Net
profit/loss 2] 5.261 5.622
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 5.261 5.622
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Legend
: 1] = Before tax
2] = After tax
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M.C.C.
Holding BV *** FINANCIAL RATIOS ***
-----2003----- -----2004-----
EQUITY %
Equity
gearing 61,6 45
Equity/outside
capital 160,7 81,7
LIQUIDITY
Current
ratio 2,2 1,4
Acid
test 1,5 1,1
RATES
OF RETURN %
Total
assets 28 17,3
Shareholders equity 45,5 38,5
Pre
tax margin % 19,8 12,4
Turnover
rate 141,8 139,6
(x 1.000) (x 1.000)
-------------------- --------------------
Working
capital 11.925 9.432
Shareholders equity + Equalization acc. 22.008 19.921
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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%)