MIRA
INFORM REPORT
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Report Date : |
28.04.2007 |
IDENTIFICATION
DETAILS
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Name : |
Boon Edam B.V. |
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Registered Office : |
Ambachtstraat 4 1135 GG Edam |
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Country : |
Netherlands |
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Financials (as on) : |
31.12.2006 |
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Date of Incorporation : |
01/01/1914 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Manufacture of metal window frames, doors and windows;
wholesale business in building materials and coatings |
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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Maximum Credit Limit : |
EUR 500.000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
name & address
Boon Edam B.V.
Ambachtstraat 4
1135 GG EDAM
Tel.:+31 (0)299-380808
Fax.:+31 (0)299-372859
Legal status
BV Private Company Ltd. acc. nat. law
Founded
01/01/1914, Ltd. since 29/12/2000
Trade register
37094067
Capital
nominal EUR 100.000,--
issued and paid up EUR 20.000,--
Management
-Koninklijke Boon Edam Group Holding BV,
Ambachtstraat 4, 1135 GG EDAM
HEIN M. EEK, born 13/10/1965, RUITERWEG 14C,
1251 ZZ LAREN NH
Activity
Manufacture of metal window frames, doors and windows; wholesale business in building materials and coatings; holding company.
Staff
100 employees
from the consolidated balance sheet of
Koninklijke Boon Edam Group Holding BV
2006
Euro 96.172.911
2005
Euro 89.372.571
Real estate
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
-Koninklijke Boon Edam Group Holding BV,
Ambachtstraat 4, 1135 GG EDAM
The next financial data is extracted from the consolidated
balance sheet of 'Koninklijke Boon Edam Group Holding BV'
Consolidated net result:
2006 Euro 4.624.966
2005 Euro 4.104.656
The shareholders equity was as of:
31/12/2006 Euro 37.681.535
31/12/2005 Euro 33.376.262
The working capital was as of:
31/12/2006 Euro 19.170.537
31/12/2005 Euro 17.664.879
A declaration of liability has been issued by Koninklijke Boon Edam Group Holding BV
Subsidiaries are engaged in the wholesale business in building materials
and coatings.
Correspondence address:
Postbus 40
1135 ZG EDAM
Subsidairy:
Boon Edam Tomsed, Inc, (100%), USA (North Carolina)
Website: http://www.boonedam.nl
Banks
ABN-AMRO NV, Edam
Mode of payment
Within terms
Credit demand
No objections against entering into a business relationship.
A maximum credit limit of EUR 500.000 is advised
The following financial data is retrieved from the consolidated balance sheet of :
Koninklijke Boon Edam Group Holding BV
Ambachtstraat, 1135GG EDAM
Trade register 37094070
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Koninklijke Boon
Edam Group Holding BV *** BALANCE SHEET ***
Consolidated in Euro(x 1) Euro(x 1)
---31-12-2005--- ------31-12-2006---
Intangible assets 10.135.690 13.264.040
Tangible assets 14.842.656 13.853.867
Financial assets 5.218 5.218
Miscellaneous fixed
assets 0 0
Total fixed assets 24.983.564 27.123.125
Stock 12.428.807 14.897.824
Receivables 27.752.963 27.668.645
Shares 0 0
Liquid assets 5.310.686 5.071.103
Miscellaneous
current assets 0 0
Total current assets 45.492.456 47.637.572
Shareholders equity 31.632.810 37.648.318
Provisions 3.318.277 2.514.956
Long-term
liabilities 5.953.904 6.097.171
Current liabilities 27.827.577 28.467.035
Minority interests 1.743.452 33.217
Miscellaneous
liabilities 0 0
Total liabilities 70.476.020 74.760.697
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Koninklijke Boon
Edam Group Holding BV *** PROFIT & LOSS ACCOUNT ***
Consolidated in Euro(x 1) Euro(x 1)
---31-12-2005--- ------31-12-2006---
Turnover 89.372.571 96.172.911
Other income 171.902 345.274
Total expenses 80.795.667 87.867.457
Operating profit 9.206.908 8.734.135
Balance financial
P/L -1.703.738 -2.719.543
Net profit/loss 1] 7.503.170 6.014.592
Taxation 2.448.602 1.341.244
Share in P/L of
subsidiaries 0 0
Net profit/loss 2] 5.054.568 4.673.348
Balance
extraordinary P/L 0 0
Taxation 0 0
Extraordinary P/L
2] 0 0
Res. sub. companies
2] 0 0
Minority interests 949.912 0
Miscellaneous P/L 0 0
Net result 4.104.656 4.624.966
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Legend : 1] = Before tax
2] = After
tax
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Koninklijke Boon
Edam Group Holding BV
*** FINANCIAL RATIOS ***
-----2005----- -----2006-----
EQUITY %
Equity gearing 47,4 50,4
Equity/outside
capital 81,4 101,4
LIQUIDITY
Current ratio 1,6 1,7
Acid test 1,2 1,2
RATES OF RETURN %
Total assets 10,6 8
Shareholders equity 22,5 16
Pre tax margin % 8,4 6,3
Turnover rate 126,8 128,6
(x 1) (x 1)
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Working capital 17.664.879 19.170.537
Shareholders equity + Equalization acc. 33.376.262 37.681.535
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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%)