MIRA
INFORM REPORT
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Report Date : |
24.07.2007 |
IDENTIFICATION DETAILS
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Name : |
International Steel Supplies (I.N.C.) Bv |
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Registered Office : |
Veemarktkade 8, 5222 Ae `S-Hertogenbosch |
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Country : |
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Financials (as on) : |
31.12.2005 |
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Date of Incorporation : |
01/08/1988 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Wholesale business in steel and steel products and in products
related to the oil, chemicals, petrochemical industry, the civil construction
and hydraulics. |
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 20.000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
name & address
International Steel Supplies (I.N.C.) Bv
Veemarktkade 8
5222 AE `S-HERTOGENBOSCH
Tel.:+31 (0)73-6210140
Fax.:+31 (0)73-6219318
Legal status
BV Private Company Ltd. acc. nat. law
Founded
01/08/1988, Ltd. since 24/12/1991
Trade register
16056232
Capital
nominal EUR 90.756,--
issued and paid up EUR 18.151,--
Management
-Stateside
Veemarktkade 8, 5222 AE DEN BOSCH
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Veemarktkade 8, 5222 AE DEN BOSCH
Activity
Wholesale business in steel and steel products and in products related to the oil, chemicals, petrochemical industry, the civil construction and hydraulics. Everything in the widest sense of the word.
Staff
3 employees
The business premises at the mentioned
address has been rented by the company, as far as we know.
See balance sheet
Remarks
The shareholders equity was as of:
31/12/2005 Euro 170.848
31/12/2004 Euro 614.288
31/12/2003 Euro 492.499
The working capital was as of:
31/12/2005 Euro 21.502
31/12/2004 Euro 553.478
31/12/2003 Euro 346.969
Import : the
Export : North and South America, Africa, Eastern Asia and the
Website : www.issi.nl
Style as suggested by you is not correct.
Banks
Mode of payment
Within terms
Credit demand
No objections against entering into a business relationship.
A maximum credit limit of EUR 20.000
is advised
The following financial data is retrieved from the corporate balance sheet of :
International Steel
Supplies (I.N.C.) Bv
Veemarktkade 8, 5222 AE `S-HERTOGENBOSCH
Trade register 16056232
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International Steel
Supplies (I.N.C.) Bv *** BALANCE SHEET ***
Corporate in Euro(x 1) Euro(x 1)
---31-12-2004--- ------31-12-2005---
Intangible assets 0 0
Tangible assets 191.174 139.210
Financial assets 10.636 10.136
Miscellaneous fixed
assets 0 0
Total fixed assets 201.810 149.346
Stock 0 0
Receivables 567.305 518.508
Shares 0 0
Liquid assets 263.461 283.887
Miscellaneous
current assets 0 0
Total current assets 830.766 802.395
Shareholders equity 614.288 170.848
Provisions 141.000 0
Long-term
liabilities 0 0
Current liabilities 277.288 780.893
Minority interests 0 0
Miscellaneous
liabilities 0 0
Total liabilities 1.032.576 951.741
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International Steel
Supplies (I.N.C.) Bv *** FINANCIAL RATIOS ***
-----2004----- -----2005-----
EQUITY %
Equity gearing 59,5 18
Equity/outside
capital 146,9 21,9
LIQUIDITY
Current ratio 3 1
Acid test 3 1
RATES OF RETURN %
Total assets 0 0
Shareholders equity 0 0
Pre tax margin % 0 0
Turnover rate 0 0
(x 1) (x 1)
-------------------- --------------------
Working capital 553.478 21.502
Shareholders equity + Equalization acc. 614.288 170.848
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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%)