MIRA
INFORM REPORT
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Report Date : |
24.01.2008 |
IDENTIFICATION
DETAILS
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Name : |
ATRIUM FOREST PRODUCTS B.V. |
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Registered Office : |
Bekslaan 22,
2114 AR Vogelenzang |
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Country : |
Netherlands |
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Financials (as on) : |
31.12.2005 |
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Date of Incorporation : |
05.04.2004 |
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Com. Reg. No.: |
34205138 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Wholesale trade in paper, cardboard and related articles and raw materials for the paper industry; holding company. |
RATING &
COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Moderate |
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Payment Behaviour : |
Slow by 25 days |
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Litigation : |
Clear |
name and address
Atrium Forest Products B.V.
Bekslaan 22
2114 AR VOGELENZANG
Tel.:+31
(0)23-5511455
Fax.:+31
(0)23-5511456
Legal status
BV Private Company Ltd. acc. nat. law
Founded
05/04/2004, Ltd. since 03/06/2004
Trade register
34205138
Capital
Nominal EUR 90.000,--
Issued and paid up EUR 18.000,--
Management
-van Mulligen Holding BV,
Vogelenzangseweg 115, 2114 CE
VOGELENZANG
Activity
The wholesale trade in paper, cardboard and
related articles and raw materials for the paper industry; holding
company.
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
Subsidiary company of
-van Mulligen Holding BV,
Vogelenzangseweg 115, 2114 CE VOGELENZANG
Previously
located:
-Atrium
Forest Products B.V.,
Hulswitweg
4, 2031 BG HAARLEM
The shareholders equity was as of:
31/12/2005 Euro (5.405)
31/12/2004 Euro 40.553
The working capital was as of:
31/12/2005 Euro (21.504)
31/12/2004 Euro 23.203
Website :
www.atriumforrestproducts.nl
Correspondence
address:
Postbus 697
2100
AR HEEMSTEDE
Banks
Fortis Bank, alkmaar
VAT-nr.
NL813127233B01
Mode
of payment
On average 25 days beyond terms.
Credit
demand
No direct objections
against entering into a business relationship.
With regard to the financial situation, we advise you to deal on
cash-payment terms only.
The following financial data is retrieved from the corporate balance sheet
of :
BALANCE
SHEET
Corporate in Euro(x 1) Euro(x
1)
---31-12-2004--- ------31-12-2005---
Intangible assets 0 0
Tangible assets 17.350 16.099
Financial assets 0 0
Miscellaneous fixed assets 0 0
Total fixed
assets 17.350 16.099
Stock 329.508 514.782
Receivables 210.014 176.715
Shares 0 0
Liquid assets 27 6.045
Miscellaneous current assets 0 0
Total current
assets 539.549 697.542
Shareholders
equity 40.553 -5.405
Provisions 0 0
Long-term liabilities 0 0
Current liabilities 516.346 719.046
Minority interests 0 0
Miscellaneous
liabilities 0 0
Total liabilities 556.899 713.641
FINANCIAL RATIOS
-----2004----- -----2005-----
EQUITY
%
Equity gearing 7,3 -0,8
Equity/outside capital 7,9 -0,8
LIQUIDITY
Current ratio 1 1
Acid test 0,4 0,3
RATES OF RETURN %
Total assets 0 0
Shareholders
equity 0 0
Pre tax margin
% 0 0
Turnover rate 0 0
(x
1) (x 1)
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Working capital 23.203 -21.504
Shareholders
equity + Equalization acc. 40.553 -5.405
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%)