MIRA
INFORM REPORT
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Report Date : |
17.09.2007 |
IDENTIFICATION DETAILS
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Name : |
Fabory Nederland B.V. |
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Registered Office : |
Zevenheuvelenweg 44, 5048 AN |
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Country : |
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Financials (as on) : |
31.12.2006 |
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Date of Incorporation : |
07/01/1957 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Import of
and wholesale business in fastening materials; surface treatment for
fastening articles. |
RATING & COMMENTS
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MIRA’s Rating : |
A |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Good |
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Payment Behaviour : |
Average 10 days beyond terms |
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Litigation : |
Clear |
name & address
Fabory Nederland
B.V.
Zevenheuvelenweg
44
5048 AN
Tel.:+31
(0)13-5941234
Fax.:+31
(0)13-5941340
Legal status
BV Private Company Ltd.
acc. nat. law
Founded
07/01/1957, Ltd. since
31/12/1976
Trade register
18020925
Capital
nominal EUR 2.000.000,--
issued and
paid up EUR 453.800,--
Management
-BMF Management
Services B.V.,
Zevenheuvelenweg
44, 5048 AN
Bernardus
Arnoldus Maria Romeijn, born 29/04/1960, Wilgeboom 1, 4101 WJ CULEMBORG
H.W.M.
Hermans, born 28/02/1968, Willem II Straat 68, 5682 AH BEST
Activity
Import of and
wholesale business in fastening materials; surface treatment for fastening
articles.
Branch[es]
-Fabory Nederland
B.V.,
Jules Verneweg 114, 5015 BM
-Fabory Nederland B.V.,
Kieler Bocht 21, 9723 JA
-Fabory Nederland B.V.,
Leidekkerstraat 4, 2984 AV RIDDERKERK
-Fabory Nederland B.V.,
Edisonstraat 14, 8912 AW
-Fabory Nederland B.V.,
Curieweg 4, 8013 RA
-Fabory Nederland B.V.,
Topaasstraat 40, 7554 TH
-Fabory Nederland B.V.,
Impact 41, 6921 RZ DUIVEN
-Fabory Nederland B.V.,
Willem Barentzstraat 11-13, 7825 VZ EMMMEN
-Fabory Nederland B.V.,
Morsestraat 18, 6716 AH
-Fabory Nederland B.V.,
Archimedesbaan 28, 3439 ME NIEUWEGEIN
-Fabory Nederland B.V.,
Joop Geesinkweg 301, 1096 AW
+ 11 other
branchoffice[s].
Trade name
-Borstlap
Masters in Fasteners
-Plastronics
-Unitool
-Codit
-Haheti
-Fabory Group
-Fabory Trade
-Fabory
Centres
Warehouse
-Borstlap BV,
Swaardvenstraat
39, 5048 AV
Staff
400 employees
from the
consolidated balance sheet of Borstlap Masters in
2006 Euro 248.890.000
2005 Euro 238.614.000
2004 Euro 232.016.000
Real estate
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
-Borstlap
Masters in
Zevenheuvelenweg
44, 5048 AN
Previous name of the company:
-Borstlap BV
Continuation
of the activities of
-
Zevenheuvelenweg 44, 5048 AN
The next
financial data is extracted from the consolidated balance sheet of 'Borstlap Masters in
Consolidated net result:
2006 Euro 12.024.000
2005 Euro 11.657.000
2004 Euro 11.560.000
The shareholders equity was as of:
31/12/2006 Euro 58.602.000
31/12/2005 Euro 54.679.000
31/12/2004 Euro 40.875.000
The working capital was as of:
31/12/2006 Euro 113.020.000
31/12/2005 Euro 106.116.000
31/12/2004 Euro 89.004.000
A declaration
of liability has been issued by parent company.
As of
24.08.1993 subject was accredited with the quality certificate under norm NEN-ISO
9001.
Subject is a
member of the Fenedex association.
Dutch Export
Association.
Website :
www.borstlap.nl
subject matter
merged on 14.11.2006 with Fabory Centres Nederland BV, reg. nr. 18-028532,
which was subsequently dissolved.
Address as suggested
by you is of a registered warehouse.
Vincent van
Woesik is an employee of subject matter.
Banks
ING Bank
Fortis Bank,
VAT-nr.
NL803162091B20
Mode of payment
On average 10 days beyond
terms.
Credit demand
No objections against
entering into a business relationship.
The following financial data is retrieved from the
consolidated balance sheet of :
Borstlap Masters in
Zevenheuvelenweg, 5048AN
Trade register 18027267
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Borstlap Masters in
Consolidated in Euro(x
1.000) Euro(x 1.000)
---31-12-2005--- ------31-12-2006---
Intangible assets 4.406 2.755
Tangible assets 32.727 29.219
Financial assets 0 0
Miscellaneous fixed assets 0 0
Total fixed
assets 37.133 31.974
Stock 73.789 74.656
Receivables 41.929 46.916
Shares 0 0
Liquid assets 28.161 17.685
Miscellaneous current assets 19.830 45.393
Total current assets 163.709 184.650
Shareholders
equity 54.106 58.122
Provisions 9.844 10.498
Long-term liabilities 78.726 75.894
Current liabilities 57.593 71.630
Minority interests 573 480
Miscellaneous
liabilities 0 0
Total liabilities 200.842 216.624
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Borstlap Masters in
Consolidated in Euro(x
1.000) Euro(x 1.000)
---31-12-2005--- ------31-12-2006---
Turnover 238.614 248.890
Other income 0 0
Total expenses 215.346 226.537
Operating profit 23.268 22.353
Balance financial P/L -4.688 -4.580
Net profit/loss 1] 18.580 17.773
Taxation 6.950 5.749
Share in P/L of subsidiaries 0 0
Net profit/loss 2] 11.630 12.024
Balance extraordinary P/L 0 0
Taxation 0 0
Extraordinary P/L 2] 0 0
Res. sub. companies 2] 0 0
Minority interests -27 0
Miscellaneous P/L 0 0
Net result 11.657 12.024
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Legend : 1]
= Before tax
2]
= After tax
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Borstlap Masters in
-----2005----- -----2006-----
EQUITY %
Equity gearing 27,2 27,1
Equity/outside capital 36,9 36,7
LIQUIDITY
Current ratio 2,8 2,6
Acid test 1,6 1,5
RATES OF RETURN %
Total assets 9,3 8,2
Shareholders
equity 34 30,3
Pre tax margin
% 7,8 7,1
Turnover rate 118,8 114,9
(x
1.000) (x 1.000)
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Working capital 106.116 113.020
Shareholders
equity + Equalization acc. 54.679 58.602
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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%)