MIRA
INFORM REPORT
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Report Date : |
23.02.2008 |
IDENTIFICATION
DETAILS
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Name : |
FEI EUROPE B.V. |
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Registered Office : |
Achtseweg Noord 5 5651 GG
EINDHOVEN |
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Country : |
Netherlands |
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Financials (as on) : |
31.12.2005 |
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Date of Incorporation : |
21.02.1997 |
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Legal Form : |
BV Private Company
LIMITED |
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Line of Business : |
Manufacture of and
Wholesale Business in Electronical
Optical Equipment |
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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Maximum Credit Limit : |
EUR
450.000 |
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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
FEI Europe B.V.
Achtseweg Noord 5
5651 GG EINDHOVEN
Tel.:+31
(0)40-2356000
Fax.:+31
(0)40-2356130
Legal
status
BV Private Company Ltd. acc.
nat. law
Founded
21/02/1997 as Ltd.
Trade
register
17097158
Capital
Nominal EUR 90.700,--
Issued and paid up EUR 18.100,--
Management
E.H.J. Kaerts, born
31/10/1960, Narcislaan 9, 5595 EE LEENDE
Dirk Karin Lanens, born
15/09/1964, Chaussee de Namur 60, 1230
BEAUFECHAIN (B)
Hendrik Johannes van
Oojen, born 06/08/1960, Willem-Alexanderlaan 18, 5263 AZ VUGHT
Activity
The manufacture of
and wholesale business in electronical optical equipment.
Staff
35 employees
Turnover
Net turnover:
2003 Euro 9.412.000
Real
estate
The business
premises at the mentioned address has been rented by the company, as far as we
know.
Finances
See balance sheet
The last available
balance sheet is attached.
A more recent balance
sheet is not available.
Remarks
Subsidiary company
of
-FEI Electron Optics International BV,
Achtseweg Noord 5,
5651 GG EINDHOVEN
Net result:
2005 Euro (70.000)
2004 Euro (913.000)
2003 Euro (382.000)
The
shareholders equity was as of:
31/12/2005 Euro 2.739.000
31/12/2004 Euro 2.885.000
31/12/2003 Euro 4.171.000
The working
capital was as of:
31/12/2005 Euro 20.877.000
31/12/2004 Euro 19.153.000
31/12/2003 Euro 20.030.000
Correspondence address:
Postbus 80066
5600
KA EINDHOVEN
full
address:
Achtseweg
Noord 5 gebouw AAE, 5651GG Eindhoven
Banks
ABN-AMRO
NV
Mode
of payment
On average 5 days beyond
terms.
Credit
demand
No
objections against entering into a business relationship. In view of the financial
situation, we recommend you to follow the company s future developments.A
maximum credit limit of EUR 450.000 is advised
The following financial
data is retrieved from the corporate balance sheet of :
FEI Europe B.V.
BALANCE
SHEET
Corporate in Euro(x
1.000) Euro(x 1.000)
---31-12-2004--- ------31-12-2005---
Intangible assets 0 359
Tangible assets 140 209
Financial assets 0 0
Miscellaneous fixed assets 0 0
Total fixed
assets 140 568
Stock 11.846 13.240
Receivables 20.742 12.955
Shares 0 0
Liquid assets 18.233 9.799
Miscellaneous current assets 0 0
Total current
assets 50.821 35.994
Shareholders
equity 2.885 2.739
Provisions 127 588
Long-term liabilities 16.281 18.118
Current liabilities 31.668 15.117
Minority interests 0 0
Miscellaneous liabilities 0 0
Total
liabilities 50.961 36.562
PROFIT
& LOSS ACCOUNT
Corporate in Euro(x
1.000) Euro(x 1.000)
---31-12-2004--- ------31-12-2005---
Turnover 0 0
Other income 0 0
Total expenses 8.198 6.439
Operating profit -1.434 698
Balance financial P/L 40 -800
Net profit/loss 1] -1.394 -102
Taxation -481 -32
Share in P/L of subsidiaries 0 0
Net profit/loss 2] -913 -70
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 -913 -70
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Legend : 1]
= Before tax
2]
= After tax
FINANCIAL
RATIOS
-----2004----- -----2005-----
EQUITY
%
Equity gearing 5,7 7,5
Equity/outside capital 6 8,1
LIQUIDITY
Current ratio 1,6 2,4
Acid test 1,2 1,5
RATES OF RETURN %
Total assets -2,7 -0,3
Shareholders
equity -48,3 -3,7
Pre tax margin
% 0 0
Turnover rate 0 0
(x
1.000) (x 1.000)
-------------------- --------------------
Working capital 19.153 20.877
Shareholders
equity + Equalization acc. 2.885 2.739
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%)