MIRA
INFORM REPORT
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Report Date : |
19.07.2007 |
IDENTIFICATION DETAILS
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Name : |
Pieralisi Benelux B.V. |
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Registered Office : |
Edisonlaan 22, 2665 Jc Bleiswijk |
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Country : |
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Financials (as on) : |
31.12.2005 |
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Date of Incorporation : |
12/05/1987 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Production of mechanical extractors for the
separation solids from liquids. |
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 : |
Slow by average 5 days |
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Litigation : |
Clear |
name & address
Pieralisi Benelux
B.V.
Edisonlaan 22
2665 JC BLEISWIJK
Tel.:+31
(0)10-5218788
Fax.:+31
(0)10-5218875
Legal status
BV Private Company Ltd. acc.
nat. law
Founded
12/05/1987, Ltd. since
17/09/1987
Trade register
29031021
Capital
nominal EUR 1.815.120,--
issued and paid up EUR 907.560,--
Management
G. Pieralisi, born 14/02/1938, Via Piave
3, JESI (IT)
Z.Q. Boerlage, born 07/11/1947,
Ooievaardreef 9, 2665 EN BLEISWIJK
Activity
Production of
mechanical extractors for the separation solids from liquids.
Staff
21 employees
The business premises
at the mentioned address has been rented by the company, as far as we know.
See balance sheet
Remarks
Net result:
2005 Euro (393.028)
The
shareholders equity was as of:
31/12/2005 Euro 6.825.196
31/12/2004 Euro 7.218.224
31/12/2003 Euro 8.093.609
The working
capital was as of:
31/12/2005 Euro 6.230.527
31/12/2004 Euro 6.447.399
31/12/2003 Euro 4.757.708
Other bank:
Banca Antoniana Popolare Veneta.
Parent company:
MACCHINE AGRICOLE
INDUSTRIALI PIERALISI - M.A.I.P. - S.P.
(Reg.Nr. 00092740422),
Website: www.pieralisi.nl
Banks
Rabobank, Bleiswijk, 10.76.93.712
Fortis
Bank, 25.62.63.418
VAT-nr.
NL008162712B01
Mode of payment
On average 5 days beyond
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 corporate balance sheet of :
Pieralisi Benelux B.V.
Edisonlaan 22, 2665 JC BLEISWIJK
Trade register 29031021
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Pieralisi Benelux B.V. *** BALANCE SHEET ***
Corporate in Euro(x
1) Euro(x 1)
---31-12-2004--- ------31-12-2005---
Intangible assets 0 0
Tangible assets 985.288 773.536
Financial assets 12.836 2.645
Miscellaneous fixed assets 0 0
Total fixed
assets 998.124 776.181
Stock 2.709.420 2.772.139
Receivables 3.970.887 4.461.798
Shares 0 0
Liquid assets 647.239 1.008.916
Miscellaneous current assets 0 0
Total current
assets 7.327.546 8.242.853
Shareholders
equity 7.218.224 6.825.196
Provisions 0 0
Long-term liabilities 226.890 181.512
Current liabilities 880.147 2.012.326
Minority interests 0 0
Miscellaneous liabilities 0 0
Total liabilities 8.325.670 9.019.034
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Pieralisi Benelux B.V. *** PROFIT & LOSS
ACCOUNT ***
Corporate in Euro(x
1) Euro(x 1)
---31-12-2004--- ------31-12-2005---
Turnover 0 0
Other income 0 0
Total expenses 0 1.506.306
Operating profit 0 -456.182
Balance financial P/L 0 7.536
Net profit/loss 1] 0 -448.646
Taxation 0 -55.618
Share in P/L of subsidiaries 0 0
Net profit/loss 2] 0 -393.028
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 0 -393.028
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Legend : 1]
= Before tax
2]
= After tax
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Pieralisi Benelux
B.V. *** FINANCIAL RATIOS ***
-----2004----- -----2005-----
EQUITY %
Equity gearing 86,7 75,7
Equity/outside
capital 651,8 311,1
LIQUIDITY
Current ratio 8,3 4,1
Acid test 5,2 2,7
RATES OF RETURN %
Total assets 0 -5
Shareholders equity 0 -6,6
Pre tax margin % 0 0
Turnover rate 0 0
(x 1) (x 1)
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Working capital 6.447.399 6.230.527
Shareholders equity
+ Equalization acc. 7.218.224 6.825.196
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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%)