MIRA
INFORM REPORT
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Report Date : |
14.09.2007 |
IDENTIFICATION DETAILS
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Name : |
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Registered Office : |
Hallenweg 5-6-7, 5683 CT BEST |
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Country : |
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Financials (as on) : |
31.12.2005 |
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Date of Incorporation : |
03/01/1979 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Wholesale business in tools, fastening materials and iron mongery. |
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 15 days beyond terms |
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Litigation : |
Clear |
name & address
Hallenweg 5-6-7
5683 CT BEST
Tel.:+31
(0)499-339000
Fax.:+31
(0)499-339099
Legal status
BV Private Company Ltd. acc. nat. law
Founded
03/01/1979, Ltd. since 18/05/1989
Trade register
17065444
Capital
Nominal EUR 45.378,--
issued and paid up EUR 18.151,--
Management
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Hallenweg 5, 5683 CT BEST
Activity
Wholesale business in tools, fastening
materials and iron mongery.
Staff
40 employees
The business premises at the mentioned
address has been rented by the company, as far as we know.
See balance sheet
Remarks
Subsidiary company of
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Hallenweg 5, 5683 CT BEST
Net result:
2005 Euro 209.378
2004 Euro 81.015
2003 Euro 274.576
The shareholders equity was as of:
31/12/2005 Euro 1.713.461
31/12/2004 Euro 1.504.084
31/12/2003 Euro 1.423.068
The working capital was as of:
31/12/2005 Euro 1.629.093
31/12/2004 Euro 1.450.017
31/12/2003 Euro 1.339.960
Subject is representative of Eberhard Jaeger of
Import :
Export :
Mr. Onno van Lieshout is head of the purchasing department.
Correspondence address:
Postbus 174
5680 AD BEST
Banks
van Lanschot,
Postbank,
VAT-nr.
NL007822753B01
Mode of payment
On average 15 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 :
Hallenweg 5-6-7,
5683 CT BEST
Trade register 17065444
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Corporate
in Euro(x 1) Euro(x 1)
---31-12-2004--- ------31-12-2005---
Intangible
assets 0 0
Tangible
assets 88.940 120.835
Financial
assets 0 0
Miscellaneous
fixed assets 0 0
Total fixed assets 88.940 120.835
Stock 2.300.270 2.415.763
Receivables 1.228.831 987.250
Shares 0 0
Liquid
assets 30.590 38.647
Miscellaneous
current assets 0 0
Total current assets 3.559.691 3.441.660
Shareholders equity 1.504.084 1.713.461
Provisions 34.874 36.467
Long-term
liabilities 0 0
Current
liabilities 2.109.674 1.812.567
Minority
interests 0 0
Miscellaneous
liabilities 0 0
Total liabilities 3.648.632 3.562.495
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Corporate
in Euro(x 1) Euro(x 1)
---31-12-2004--- ------31-12-2005---
Turnover 0 0
Other
income 0 0
Total
expenses 2.465.636 2.545.121
Operating
profit 230.473 392.328
Balance
financial P/L -106.786 -86.667
Net
profit/loss 1] 123.687 305.661
Taxation 42.672 96.283
Share
in P/L of subsidiaries 0 0
Net
profit/loss 2] 81.015 209.378
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 81.015 209.378
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Legend
: 1] = Before tax
2] = After tax
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-----2004----- -----2005-----
EQUITY %
Equity
gearing 41,2 48,1
Equity/outside
capital 70,1 92,7
LIQUIDITY
Current
ratio 1,7 1,9
Acid
test 0,6 0,6
RATES
OF RETURN %
Total
assets 3,4 8,6
Shareholders equity 8,2 17,8
Pre
tax margin % 0 0
Turnover
rate 0 0
(x 1) (x 1)
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Working
capital 1.450.017 1.629.093
Shareholders equity + Equalization acc. 1.504.084 1.713.461
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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%)