MIRA
INFORM REPORT
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Report Date : |
18.08.2008 |
IDENTIFICATION
DETAILS
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Name : |
FRIEDE & GOLDMAN MARKETING BV |
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Registered Office : |
Haaksbergweg 31 Suite 3, 1101 Bp Amsterdam Zuidoost |
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Country : |
Netherlands |
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Financials (as on) : |
31.12.2006 |
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Date of Incorporation : |
30.12.1993 |
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Legal Form : |
BV Private Company Ltd.
acc. nat. law |
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Line of Business : |
Rendering of all kind of Technical Services in the field
of Machine and Installation Building, under Licence or Sublicence; Rendering
Intellectual and Industrial Property Rights. |
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 : |
Regular |
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Litigation : |
Clear |
Name & address
Friede & Goldman Marketing BV
Haaksbergweg 31
Suite 3
1101 BP AMSTERDAM ZUIDOOST
Tel.:+31
(0)20-6509266
Fax.:+31
(0)20-6209244
Legal
status
BV Private Company Ltd.
acc. nat. law
Founded
30/12/1993 as Ltd.
Trade
register
14049118
Capital
nominal EUR 90.000,--
issued and paid up EUR 18.000,--
Management
Olga Novicova, born
21/05/1960,
Signatory
K.M. Somsen, born
08/08/1965,
Activity
Rendering of all kind of technical services in the field
of machine and installation building, under licence or sublicence; rendering
intellectual and industrial property rights.
Staff
2 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
The shareholders equity was as of:
31/12/2006 Euro 460.125
31/12/2005 Euro 279.374
31/12/2004 Euro 167.132
The working capital was as of:
31/12/2006 Euro 460.125
31/12/2005 Euro 279.374
31/12/2004 Euro 167.132
Parent
company
Friede Goldman United Ltd., George Town, Cayman Islands
Banks
Rabobank
Mode
of payment
Within terms
Credit
demand
No objections against
entering into a business relationship.
The
following financial data is retrieved from the corporate balance sheet of
Friede & Goldman Marketing BV
Haaksbergweg 31 Suite 3, 1101 BP
AMSTERDAM ZUIDOOST
Trade register 14049118
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Friede & Goldman Marketing BV ***
BALANCE SHEET ***
Corporate in Euro(x
1) Euro(x 1)
---31-12-2005--- ------31-12-2006---
Intangible assets 0 0
Tangible assets 0 0
Financial assets 0 0
Miscellaneous fixed assets 0 0
Total fixed
assets 0 0
Stock 0 9.064.939
Receivables 6.200.521 15.626.611
Shares 0 0
Liquid assets 1.478 1.422.223
Miscellaneous current assets 0 0
Total current
assets 6.201.999 26.113.773
Shareholders
equity 279.374 460.125
Provisions 0 0
Long-term liabilities 0 0
Current liabilities 5.922.625 25.653.648
Minority interests 0 0
Miscellaneous
liabilities 0 0
Total liabilities 6.201.999 26.113.773
FINANCIAL
RATIOS
Friede & Goldman Marketing BV
-----2005----- -----2006-----
EQUITY
%
Equity gearing 4,5 1,8
Equity/outside capital 4,7 1,8
LIQUIDITY
Current ratio 1 1
Acid test 1 0,7
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 279.374 460.125
Shareholders
equity + Equalization acc. 279.374 460.125
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.43.23 |
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UK Pound |
1 |
Rs.80.89 |
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Euro |
1 |
Rs.63.80 |
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%)