MIRA
INFORM REPORT
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Report Date : |
30th
January, 2007 |
IDENTIFICATION
DETAILS
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Name : |
HYVA GROUP BV |
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Registered Office : |
Ondernemingsweg 1 2404 Hm Alphen AD Rijn |
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Country : |
Netherlands |
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Financials (as on) : |
31.12.2005 |
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Date of Incorporation : |
17.12.2003 |
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Legal Form : |
BV Private Company Ltd. acc. nat. law |
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Line of Business : |
Holding and financing. |
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 : |
Regular |
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Litigation : |
Clear |
Company Name & Address
Hyva Group BV
Ondernemingsweg 1
2404 HM ALPHEN AD RIJN
Tel. :+31 (0)172-423555
Fax. :+31 (0)172-433196
Legal status
BV Private Company Ltd. acc. nat. law
Founded
17/12/2003, Ltd. since 19/12/2003
Trade register
28099546
Capital nominal
EUR 2.783.000,--
issued and paid up
EUR 1.003.251,--
Management
L. Dijkstra, born 01/10/1955, Bloemendaalseweg 38, GOUDA
R.H. Koch, born 04/11/1954, Asselsestraat 369, APELDOORN
Commissioner
H. Conger, born 02/10/1951, FRANKRIJK
H. Rönn, born 06/10/1960, Soodersteige 5, WIESBADEN-DUITSLAND
M. Redman, born 04/04/1968, De Lairessestraat 1213-R, AMSTERDAM
Signatory
Geertje Paul, born 10/02/1954, Sloepkade 56, ZOETERMEER
Activity
Holding and financing.
Trade name:
-Hyva Nederland
Staff
No employees
Turnover
from the consolidated balance sheet of Hyva Group BV
2005 Euro 194.722.000
2004 Euro 170.717.000
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[ies]:
-Kennis Beheer BV,
Geuzendijk 74, 6021 PV BUDEL
-Technamics B.V.,
Zeppelinstraat 21, 7903 BR HOOGEVEEN
-Hyva International B.V.,
Ondernemingsweg 1, ALPHEN AAN DEN RIJN
Previous name of the company:
-Hyva Investments BV
The activities have been taken over by
-Hyva Holding BV,
Ondernemingsweg 1, 2404 HM ALPHEN AD RIJN
The next financial data is extracted from the consolidated balance sheet of 'Hyva Group BV '
Consolidated net result:
2005 Euro (616.000)
2004 Euro 661.000
The shareholders equity was as of:
31/12/2005 Euro 17.505.000
31/12/2004 Euro 16.228.000
The working capital was as of:
31/12/2005 Euro 37.897.000
31/12/2004 Euro 34.570.000
Hyva Holding BV, reg. nrt. 28-034077, was absorbed by Hyva Holding BV, formerly know as
Hyva Holland BV, reg. nr. 34-122777; this new Hyva Holding BV was than merged into
Hyva Group BV 31.12.2004 .
Gross result of the group for 2005: EUR 18.500.000,-
Group turnover 2005 : EUR 195.000.000,-
In December 2004 did the Hyva group transfer the last part of its production abroad. The entire production now takes place in countries such as the former GDR, the PRC, Brazil, etc.
Hyva Nederland BV as such does no longer exist.
Website : www.hyva.com
Subsidiaries are engaged in the manufacture of hydraulic components and cilinders.
Banks
ABN-AMRO NV, ROTTERDAM
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 consolidated balance sheet of :
Hyva Group BV
Ondernemingsweg 1, 2404 HM ALPHEN AD RIJN
Trade register 28099546
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BALANCE SHEET
Consolidated in Euro(x
1.000) Euro(x 1.000)
---31-12-2004--- ------31-12-2005---
Intangible assets 77.074 69.624
Tangible assets 5.421 8.133
Financial assets 0 2.975
Miscellaneous fixed assets 0 0
Total fixed assets 82.495 80.732
Stock 27.609 31.998
Receivables 35.104 43.912
Shares 0 0
Liquid assets 6.940 15.119
Miscellaneous current assets 4.584 0
Total current assets 74.237 91.029
Shareholders equity 16.228 16.422
Provisions 913 3.426
Long-term liabilities 99.924 97.698
Current liabilities 39.667 53.132
Minority interests 0 1.083
Miscellaneous liabilities 0 0
Total liabilities 156.732 171.761
PROFIT & LOSS ACCOUNT
Consolidated in Euro(x
1.000) Euro(x 1.000)
---31-12-2004--- ------31-12-2005---
Turnover 170.717 194.722
Other income 0 0
Total expenses 162.422 185.296
Operating profit 8.295 9.426
Balance financial P/L 0 -6.584
Net profit/loss 1] 8.295 2.842
Taxation 0 2.889
Share in P/L of subsidiaries 0 0
Net profit/loss 2] 8.295 -47
Balance extraordinary P/L -5.882 0
Taxation 0 0
Extraordinary P/L 2] -5.882 0
Res. sub. companies 2] 0 0
Minority interests 434 569
Miscellaneous P/L 0 0
Net result 661 -616
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Legend : 1] =
Before tax
2]
= After tax
FINANCIAL RATIOS
-----2004----- -----2005-----
EQUITY %
Equity gearing 10,4 10,2
Equity/outside capital 11,5 10,6
LIQUIDITY
Current ratio 1,9 1,7
Acid test 1,2 1,1
RATES OF RETURN %
Total assets 5,3 1,7
Shareholders equity 51,1 16,2
Pre tax margin % 4,9 1,5
Turnover rate 108,9 113,4
(x
1.000) (x 1.000)
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Working capital 34.570 37.897
Shareholders equity + Equalization acc. 16.228 17.505
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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