MIRA
INFORM REPORT
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Report Date : |
10.07.2007 |
IDENTIFICATION DETAILS
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Name : |
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Registered Office : |
Coenhavenweg 22 1013 Bl |
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Country : |
Netherlands |
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Financials (as on) : |
31.12.2005 |
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Date of Incorporation : |
15/06/1997 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Wholesale business in and processing of minerals, especially andasulite and zirkon. |
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 : |
Average 20 days beyond terms |
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Litigation : |
Clear |
name & address
Coenhavenweg 22
1013 BL
Tel. : +31 (0)20-5853800
Fax. : +31
(0)20-5853806
Legal status
BV Private Company Ltd. acc. nat. law
Founded
15/06/1997, Ltd. since 21/11/1997
Trade register
33293228
Capital
nominal EUR 80.000,--
issued and paid up EUR 18.400,--
Management
H.J. Reiprich, born 09/09/1950, Oud Aa 36A,
3621 LC
Activity
Wholesale business in and processing of
minerals, especially andasulite and zirkon.
Staff
7 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
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Coenhavenweg 22, 1013 BL
Subsidiary[ies]:
-Nyalco BV,
Coenhavenweg 14, 1013 BL
The next financial data is extracted from the consolidated balance sheet of 'Europe Minerals B.V. '
Consolidated net result:
2005 Euro 1.371.382
2004 Euro 459.442
2003 Euro (176.105)
The shareholders equity was as of:
31/12/2005 Euro 2.611.741
31/12/2004 Euro 1.240.359
31/12/2003 Euro 780.917
The working capital was as of:
31/12/2005 Euro 2.537.762
31/12/2004 Euro 1.385.645
31/12/2003 Euro 907.514
Banks
VAT-nr.
NL806108150B01
Mode of payment
On average 20 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 :
Coenhavenweg 22, 1013 BL
Trade register 33293228
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Consolidated in Euro(x 1) Euro(x 1)
---31-12-2004--- ------31-12-2005---
Intangible assets 7.675 2.559
Tangible assets 10.400 10.718
Financial assets 0 60.702
Miscellaneous fixed
assets 0 0
Total fixed assets 18.075 73.979
Stock 2.250.385 1.906.194
Receivables 4.829.875 4.967.016
Shares 0 0
Liquid assets 660.471 158.905
Miscellaneous
current assets 0 0
Total current assets 7.740.731 7.032.115
Shareholders equity 1.240.359 2.611.741
Provisions 0 0
Long-term
liabilities 163.361 0
Current liabilities 6.355.086 4.494.353
Minority interests 0 0
Miscellaneous
liabilities 0 0
Total liabilities 7.758.806 7.106.094
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Consolidated
in Euro(x 1) Euro(x 1)
---31-12-2004--- ------31-12-2005---
Turnover 0 0
Other
income 0 0
Total
expenses 1.050.811 964.987
Operating
profit 845.721 2.030.474
Balance
financial P/L -151.721 -27.457
Net
profit/loss 1] 694.000 2.003.017
Taxation 234.558 631.635
Share
in P/L of subsidiaries 0 0
Net
profit/loss 2] 459.442 1.371.382
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 459.442 1.371.382
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Legend
: 1] = Before tax
2] = After tax
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-----2004----- -----2005-----
EQUITY %
Equity gearing 16 36,8
Equity/outside
capital 19 58,1
LIQUIDITY
Current ratio 1,2 1,6
Acid test 0,9 1,1
RATES OF RETURN %
Total assets 8,9 28,2
Shareholders equity 56 76,7
Pre tax margin % 0 0
Turnover rate 0 0
(x 1) (x 1)
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Working capital 1.385.645 2.537.762
Shareholders equity + Equalization acc. 1.240.359 2.611.741
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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%)