MIRA
INFORM REPORT
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Report Date : |
20.11.2007 |
IDENTIFICATION
DETAILS
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Name : |
Multi-Fix BV |
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Registered Office : |
Bokkerijder 24, 5571 MX Bergeyk |
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Country : |
Netherlands |
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Financials (as on) : |
31.12.2005 |
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Date of Incorporation : |
01/06/1982 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Wholesale business in stainless steel fastening materials. |
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 : |
5 days beyond terms |
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Litigation : |
Clear |
name & address
Multi-Fix BV
Bokkerijder 24
5571 MX BERGEYK
Tel. : +31 (0)497-552920
Fax. : +31 (0)497-552955
Legal status
BV Private Company Ltd. acc. nat. law
Founded
01/06/1982, Ltd. since 29/03/1993
Trade register
17048453
Capital
nominal EUR 90.756,--
issued and paid up EUR 18.151,--
Management
-Burgmans A.F. Beheer BV,
Bokkerijder 24, 5571 MX BERGEYK
Activity
Wholesale business in stainless steel fastening materials.
Staff
36 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
Remarks
Subsidiary company of
-Multi-Fix Group BV,
Bokkerijder 24, 5571 MX BERGEYK
Ultimate parent company
-Burgmans A.F. Beheer BV,
Bokkerijder 24, 5571 MX
BERGEYK.
The shareholders equity was as
of:
31/12/2005 Euro 1.112.179
31/12/2004 Euro 703.796
31/12/2003 Euro 475.189
The working capital was as of:
31/12/2005
Euro 918.353
31/12/2004
Euro 136.292
31/12/2003
Euro (100.022)
Website : www.multifix.nl
Subject matter is
accredited under ISO norms 9001:2000.
Import : Germany, Spain and
Italy
Export : Belgium
Import share : 40 %
Correspondence address:
Postbus 93
5570 AB BERGEYK
Phone number as suggested
by you is a direct line to Mr. Rijthoven, who is head of the purchasing
department.
Banks
Rabobank, Luyksgestel,
13.06.20.033
VAT-nr.
NL801735749B01
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 :
Multi-Fix BV
Bokkerijder 24,
5571 MX BERGEYK
Trade register 17048453
----------------------------------------------------------------------------
Multi-Fix
BV ***
BALANCE SHEET ***
Corporate
in Euro(x 1) Euro(x 1)
---31-12-2004--- ------31-12-2005---
Intangible
assets 0 0
Tangible
assets 950.446 193.826
Financial
assets 0 0
Miscellaneous
fixed assets 0 0
Total fixed assets 950.446 193.826
Stock 1.567.982 1.207.633
Receivables 1.285.470 1.000.625
Shares 0 0
Liquid
assets 154.922 29.819
Miscellaneous
current assets 0 0
Total current assets 3.008.374 2.238.077
Shareholders equity 703.796 1.112.179
Provisions 101.625 0
Long-term
liabilities 281.317 0
Current
liabilities 2.872.082 1.319.724
Minority
interests 0 0
Miscellaneous
liabilities 0 0
Total liabilities 3.958.820 2.431.903
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Multi-Fix
BV *** FINANCIAL RATIOS ***
-----2004----- -----2005-----
EQUITY %
Equity
gearing 17,8 45,7
Equity/outside
capital 21,6 84,3
LIQUIDITY
Current
ratio 1 1,7
Acid
test 0,5 0,8
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 136.292 918.353
Shareholders equity + Equalization acc. 703.796 1.112.179
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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. |
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%)