MIRA
INFORM REPORT
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Report Date : |
08.07.2008 |
IDENTIFICATION
DETAILS
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Name : |
OVERDIE METALS BV |
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Registered Office : |
Koelmalaan 55 1812 PR Alkmaar |
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Country : |
Netherlands |
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Financials (as on) : |
31.12.2006 |
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Date of Incorporation : |
01.02.2004 |
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Legal Form : |
BV Private Company Ltd |
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Line of Business : |
Wholesale
business in, processing, import and export and transport of old ferro and non-ferro
metals, wholesale business in and processing of scrap metal. |
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
Overdie Metals BV
Koelmalaan 55
1812 PR ALKMAAR
Tel.:+31
(0)72-5409309
Fax.:+31
(0)72-5402161
Legal
status
BV Private Company Ltd.
acc. nat. law
Founded
01/02/2004, Ltd. since
17/02/2004
Trade
register
37110466
Capital
Nominal EUR 90.000,--
Issued and paid up EUR 18.000,--
Management
-IJzerwerf Overdie Beheer BV,
Koelmalaan 55, 1812 PR ALKMAAR
Activity
Wholesale
business in, processing, import and export and transport of old ferro and
non-ferro metals, wholesale business in and processing of scrap metal.
Staff
8 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
-IJzerwerf
Overdie Beheer BV,
Koelmalaan 55, 1812 PR ALKMAAR
Ultimate parent company
-Gebroeders De Jong Beheer Bv,
Koelmalaan
55, 1812 PR ALKMAAR
.
The
shareholders equity was as of:
31/12/2006 Euro 1.646.177
31/12/2005 Euro 438.337
31/12/2004 Euro 199.895
The working
capital was as of:
31/12/2006 Euro 1.276.456
31/12/2005 Euro 356.634
31/12/2004 Euro 81.091
Correspondence address:
Postbus 402
1800 AK Alkmaar
Website: www.overdiemetals.nl
Banks
ABN-AMRO NV
Mode of payment
Within terms
The following financial data is retrieved from
the corporate balance sheet of :
Overdie Metals BV
BALANCE SHEET
Corporate in Euro(x
1) Euro(x 1)
---31-12-2005--- ------31-12-2006---
Intangible assets 46.042 0
Tangible assets 120.945 491.835
Financial assets 0 0
Miscellaneous
fixed assets 0 0
Total fixed assets 166.987 491.835
Stock 1.008.434 1.902.343
Receivables 1.089.050 2.132.467
Shares 0 0
Liquid assets 87.643 957.540
Miscellaneous
current assets 0 0
Total current
assets 2.185.127 4.992.350
Shareholders equity 438.337 1.646.177
Provisions 0 0
Long-term
liabilities 85.284 122.114
Current
liabilities 1.828.493 3.715.894
Minority interests 0 0
Miscellaneous
liabilities 0 0
Total liabilities 2.352.114 5.484.185
FINANCIAL RATIOS
-----2005----- -----2006-----
EQUITY %
Equity gearing 18,6 30
Equity/outside
capital 22,9 42,9
LIQUIDITY
Current ratio 1,2 1,3
Acid test 0,6 0,8
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 356.634 1.276.456
Shareholders
equity + Equalization acc. 438.337 1.646.177
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.43.37 |
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UK Pound |
1 |
Rs.85.51 |
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Euro |
1 |
Rs.68.08 |
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%)