MIRA
INFORM REPORT
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Report Date : |
28.11.2007 |
IDENTIFICATION
DETAILS
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Name : |
Geoquest Systems
BV |
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Registered Office : |
Gevers Deynootweg 61, 2586 BJ DEN HAAG |
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Country : |
Netherlands |
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Financials (as on) : |
31.12.2005 |
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Date of Incorporation : |
29/12/1998 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Wholesale business in the ICT sector for
the oil industry. |
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 : |
Satisfactory |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
name & address
Geoquest Systems
BV
Gevers Deynootweg
61
2586 BJ DEN HAAG
Tel.:+31
(0)70-3105481
Legal status
BV Private Company Ltd. acc. nat. law
Founded
29/12/1998 as Ltd.
Trade register
27176644
Capital
nominal EUR 90.756,--
issued and paid up EUR 18.151,--
Management
M.S. Bruin, born 14/02/1964, Haydnlaan 3,
5583 XS WAALRE
J. Magro, born 27/07/1962, Jan Willem
Frisohof 36, 2517 LA DEN HAAG
Activity
Wholesale business in the ICT sector for the
oil industry.
Staff
5 employees
Real
estate
The business premises at the mentioned
address has been rented by the company, as far as we know.
Finances
See balance sheet
Remarks
Subsidiary
company of
-Global Intellectual Capital BV,
Parkstraat 83, 2514 JG DEN HAAG
Ultimate parent company
-Schlumberger B.V.,
Parkstraat 83-89, 2514 JG `S-Gravenhage.
Net result:
2005 US Dollar 922.000
2004 US Dollar 371.000
The shareholders equity was as of:
31/12/2005 US Dollar 2.091.000
31/12/2004 US Dollar 1.169.000
The working capital was
as of:
31/12/2005 US Dollar 2.087.000
31/12/2004 US Dollar 1.163.000
Banks
ABN-AMRO NV, DEN HAAG,
53.11.16.735
Mode of payment
No complaints have been registered
Credit demand
No objections against entering into a business relationship.
The following
financial data is retrieved from the corporate balance sheet of :
Geoquest Systems BV
Gevers Deynootweg
61, 2586 BJ DEN HAAG
Trade register 27176644
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Geoquest
Systems BV *** BALANCE SHEET ***
Corporate
in US Dollar(x 1.000) US Dollar(x 1.000)
---31-12-2004--- ------31-12-2005---
Intangible
assets 0 0
Tangible
assets 6 4
Financial
assets 0 0
Miscellaneous
fixed assets 0 0
Total fixed assets 6 4
Stock 0 0
Receivables 13.153 30.752
Shares 0 0
Liquid
assets 4.290 2.799
Miscellaneous
current assets 0 0
Total current assets 17.443 33.551
Shareholders equity 1.169 2.091
Provisions 0 0
Long-term
liabilities 0 0
Current
liabilities 16.280 31.464
Minority
interests 0 0
Miscellaneous
liabilities 0 0
Total liabilities 17.449 33.555
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Geoquest
Systems BV *** PROFIT & LOSS
ACCOUNT ***
Corporate
in US Dollar(x 1.000) US Dollar(x 1.000)
---31-12-2004--- ------31-12-2005---
Turnover 0 0
Other
income 0 0
Total
expenses 357 1.206
Operating
profit 3.020 4.823
Balance
financial P/L -22 94
Net
profit/loss 1] 2.998 4.917
Taxation 2.627 3.995
Share
in P/L of subsidiaries 0 0
Net
profit/loss 2] 371 922
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 371 922
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Legend
: 1] = Before tax
2] = After tax
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Geoquest
Systems BV *** FINANCIAL RATIOS ***
-----2004----- -----2005-----
EQUITY %
Equity
gearing 6,7 6,2
Equity/outside
capital 7,2 6,6
LIQUIDITY
Current
ratio 1,1 1,1
Acid
test 1,1 1,1
RATES
OF RETURN %
Total
assets 17,2 14,7
Shareholders equity 256,5 235,2
Pre
tax margin % 0 0
Turnover
rate 0 0
(x 1.000) (x 1.000)
-------------------- --------------------
Working
capital 1.163 2.087
Shareholders equity + Equalization acc. 1.169 2.091
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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. |
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%)