MIRA
INFORM REPORT
|
Report Date : |
8th March, 2007 |
IDENTIFICATION
DETAILS
|
Name : |
BUILDING4MEDIA B.V. |
|
|
|
|
Registered Office : |
Waterpoortsgracht 32. 8601 EM Sneek |
|
|
|
|
Country : |
Netherlands |
|
|
|
|
Financials (as on) : |
31.12.2004 |
|
|
|
|
Date of Incorporation : |
17.02.1994 |
|
|
|
|
Legal Form : |
Private Company Limited |
|
|
|
|
Line of Business : |
Computer software company
for production, post-production and playout. |
RATING &
COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Average 5 days beyond term |
|
|
|
|
Litigation : |
Clear |
Company Name & Address
Building4Media
B.V.
Waterpoortsgracht 32
8601 EM SNEEK
Tel. :+31 (0)515-438601
Fax. :+31 (0)515-438630
Legal
status
BV Private Company Ltd.
acc. nat. law
Founded
17/02/1994, Ltd. since 07/02/2001
Trade
register
01074268
Capital
Nominal EUR 60.000,--
Issued and paid up EUR 20.000,--
Management
-Building4media Holding BV,
Waterpoortsgracht 32, 8601 EM
SNEEK
Activity
Computer software company
for production, post-production and playout.
Staff
2 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
The last available balance
sheet is attached.
A more recent
balance sheet is not available.
Remarks
Subsidiary company
of
-Building4media Holding BV,
Waterpoortsgracht 32, 8601 EM SNEEK
The shareholders equity was as
of:
31/12/2004 Euro 263.971
31/12/2003 Euro 273.626
31/12/2002 Euro 483.271
The working capital was as of:
31/12/2004 Euro 172.097
31/12/2003 Euro 64.361
31/12/2002 Euro 153.457
Despite of legal obligation the balance sheet on 2005 has not yet been
filed.
Banks
Rabobank
Mode
of payment
On average 5 days beyond
terms.
Credit
demand
No objections against
entering into a business relationship.
The following financial data is retrieved from the corporate balance
sheet of :
----------------------------------------------------------------------------------------------------------------
BALANCE
SHEET
Corporate in Euro(x
1) Euro(x 1)
---31-12-2003--- ------31-12-2004---
Intangible assets 249.579 113.445
Tangible assets 9.602 1.118
Financial assets 0 0
Miscellaneous fixed assets 0 0
Total fixed
assets 259.181 114.563
Stock 0 0
Receivables 211.278 692.272
Shares 0 0
Liquid assets 0 33.684
Miscellaneous current assets 0 0
Total current
assets 211.278 725.956
Shareholders
equity 273.626 263.971
Provisions 49.916 22.689
Long-term liabilities 0 0
Current liabilities 146.917 553.859
Minority interests 0 0
Miscellaneous liabilities 0 0
Total liabilities 470.459 840.519
FINANCIAL
RATIOS
-----2003----- -----2004-----
EQUITY
%
Equity gearing 58,2 31,4
Equity/outside capital 139 45,8
LIQUIDITY
Current ratio 1,4 1,3
Acid test 1,4 1,3
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 64.361 172.097
Shareholders equity + Equalization acc. 273.626 263.971
RATING
EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
|
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 |
|
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 |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems comparatively
below average/normal. |
Small |
|
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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
|
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%)