MIRA
INFORM REPORT
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Report Date : |
07.09.2007 |
IDENTIFICATION DETAILS
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Name : |
Bove Draadproducten B.V. |
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Registered Office : |
Langakker 1, 5371 Ev Ravenstein |
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Country : |
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Financials (as on) : |
31.12.2005 |
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Date of Incorporation : |
02/03/1989 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Manufacture of and trade in fastening products. |
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 5 days beyond terms |
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Litigation : |
Clear |
name & address
Bove
Draadproducten B.V.
Langakker 1
5371 EV RAVENSTEIN
Tel.:+31
(0)486-411868
Fax.:+31
(0)486-411649
Legal status
BV Private Company Ltd.
acc. nat. law
Founded
02/03/1989, Ltd. since
18/05/1998
Trade register
17105081
Capital
nominal EUR 90.756,--
issued and paid up EUR 18.151,--
Management
-
Langakker 1, 5371
EV RAVENSTEIN
Activity
Manufacture of and
trade in fastening products.
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
The shareholders equity was
as of:
31/12/2005 Euro 393.494
31/12/2004 Euro 1.756.259
31/12/2003 Euro 1.178.676
The working
capital was as of:
31/12/2005 Euro 1.043.699
31/12/2004 Euro 1.154.417
31/12/2003 Euro 289.854
Import :
Export :
Correspondence address:
Postbus 70
5370 AB RAVENSTEIN
Website :
www.bove-nl.nl
Banks
ABN-AMRO NV, Ravestein, 52.48.17.723
VAT-nr.
NL807085480B01
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 :
Bove Draadproducten B.V.
Langakker 1, 5371
EV RAVENSTEIN
Trade register 17105081
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Bove Draadproducten B.V. *** BALANCE SHEET ***
Corporate in Euro(x
1) Euro(x 1)
---31-12-2004--- ------31-12-2005---
Intangible assets 0 0
Tangible assets 952.468 992.020
Financial assets 0 0
Miscellaneous fixed assets 0 0
Total fixed
assets 952.468 992.020
Stock 1.273.200 1.347.187
Receivables 1.186.154 1.688.291
Shares 0 0
Liquid assets 46.637 54.430
Miscellaneous current assets 0 0
Total current
assets 2.505.991 3.089.908
Shareholders
equity 1.756.259 393.494
Provisions 0 0
Long-term liabilities 350.626 1.642.225
Current liabilities 1.351.574 2.046.209
Minority interests 0 0
Miscellaneous
liabilities 0 0
Total liabilities 3.458.459 4.081.928
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Bove
Draadproducten B.V. *** FINANCIAL RATIOS ***
-----2004----- -----2005-----
EQUITY %
Equity
gearing 50,8 9,6
Equity/outside
capital 103,2 10,7
LIQUIDITY
Current
ratio 1,9 1,5
Acid
test 0,9 0,9
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 1.154.417 1.043.699
Shareholders equity + Equalization acc. 1.756.259 393.494
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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%)