MIRA
INFORM REPORT
|
Report Date : |
16.04.2008 |
IDENTIFICATION
DETAILS
|
Name : |
ALFA LAVAL GRONINGEN B.V. |
|
|
|
|
Registered Office : |
Peizerweg 97 9727 AJ Groningen |
|
|
|
|
Country : |
Netherlands |
|
|
|
|
Financials (as on) : |
31.12.2006 |
|
|
|
|
Date of Incorporation : |
15.02.1971 |
|
|
|
|
Legal Form : |
BV Private Company
Limited |
|
|
|
|
Line of Business : |
Manufacture of and
Wholesale Business in Equipment and Accessories for Industrial Cooling
Technique |
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 : |
No Complaints |
|
|
|
|
Litigation : |
Clear |
name & address
Alfa Laval
Groningen B.V.
Peizerweg 97
9727 AJ GRONINGEN
Tel.:+31
(0)50-5217555
Fax.:+31
(0)50-5264878
Legal
status
BV Private Company Ltd.
acc. nat. law
Founded
15/02/1971, Ltd. since
06/03/1992
Trade
register
02030708
Capital
Nominal EUR 5.000.000,--
Issued and paid up EUR 1.588.500,--
Management
-Helpman Holding BV,
Peizerweg 97, 9727 AJ
GRONINGEN
Lambert Bouwmeester, born 12/12/1959,
Allardsoogsterweg 10, 9354 VR ZEVENHUIZEN GN
Activity
The manufacture of
and wholesale business in equipment and accessories for industrial cooling
technique; metal
processing business; import of copper and steel tubes,
electric motors, aluminum sheet- and wire, measuring and
controlling
equipment for cooling technique, air curtains, compressors and insulation
materials.
Export of heat
switches for cooling and freezing technique, air treatment and energy
technique, etc.
Staff
120 employees
Turnover
Net turnover:
2006 Euro 18.088.000
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
-Helpman
Holding BV,
Peizerweg
97, 9727 AJ GRONINGEN
Ultimate
parent company
-Alfa Laval
Nederland BV,
Baarschot
2, 4817 ZZ BREDA
.
Previous
name of the company:
-Apparatenfabriek Helpman B.V.
Net result:
2006 Euro 450.000
2005 Euro (523.000)
2004 Euro 405.000
The
shareholders equity was as of:
31/12/2006 Euro 1.824.000
31/12/2005 Euro 1.375.000
31/12/2004 Euro 2.863.000
The working
capital was as of:
31/12/2006 Euro 840.000
31/12/2005 Euro 181.000
31/12/2004 Euro 1.531.000
Correspondence
address:
Postbus 44,
9700
AA GRONINGEN
Website :
www.helpman.com
E-mail :
info@helpman.com
During
April 2007 was the Helpman group acquired by Alfa Laval of
Sweden, and
did they change the name into Alfa Laval Groningen BV.
Helpman Holding BV is a subsidiary of Helpman Capital BV. The shares of
the latter are held by Alfa Laval Nederland BV since 04.04.2007. Alfa Laval
Nederland BV comes under Alfa Laval of Sweden.
Banks
ABN-AMRO NV, Groningen,
57.05.10.902
Mode
of payment
No complaints have been
registered
Credit
demand
No objections against
entering into a business relationship.
The following financial data is retrieved from
the corporate balance sheet of :
Alfa Laval Groningen B.V.
BALANCE
SHEET
Corporate in Euro(x
1.000) Euro(x 1.000)
---31-12-2005--- ------31-12-2006---
Intangible assets 0 0
Tangible assets 1.364 1.321
Financial assets 225 175
Miscellaneous fixed assets 0 0
Total fixed
assets 1.589 1.496
Stock 2.493 3.114
Receivables 2.688 4.232
Shares 0 0
Liquid assets 8 6
Miscellaneous current assets 0 0
Total current assets 5.189 7.352
Shareholders
equity 1.375 1.824
Provisions 391 212
Long-term liabilities 4 300
Current liabilities 5.008 6.512
Minority interests 0 0
Miscellaneous liabilities 0 0
Total liabilities 6.778 8.848
PROFIT
& LOSS ACCOUNT
Corporate in Euro(x
1.000) Euro(x 1.000)
---31-12-2005--- ------31-12-2006---
Turnover 0 18.088
Other income 0 0
Total expenses 15.640 17.270
Operating profit -449 818
Balance financial P/L -288 -270
Net profit/loss 1] -737 548
Taxation -214 98
Share in P/L of subsidiaries 0 0
Net profit/loss 2] -523 450
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 -523 450
----------------------------------------------------------------------------------------------------------------
Legend : 1]
= Before tax
2]
= After tax
FINANCIAL
RATIOS
-----2005----- -----2006-----
EQUITY
%
Equity gearing 20,3 20,6
Equity/outside capital 25,4 26
LIQUIDITY
Current ratio 1 1,1
Acid test 0,5 0,7
RATES OF RETURN %
Total assets -10,9 6,2
Shareholders
equity -53,6 30
Pre tax margin
% 0 3
Turnover rate 0 204,4
(x
1.000) (x 1.000)
-------------------- --------------------
Working capital 181 840
Shareholders
equity + Equalization acc.
1.375 1.824
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. |
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%)