MIRA
INFORM REPORT
|
Report Date : |
26.07.2008 |
IDENTIFICATION
DETAILS
|
Name : |
T.T. FIJNMECHANICA BV |
|
|
|
|
Registered Office : |
Daalakkerweg 24 6041 BL
ROERMOND |
|
|
|
|
Country : |
Netherlands |
|
|
|
|
Financials (as on) : |
31.12.2006 |
|
|
|
|
Date of Incorporation : |
02.09.1983 |
|
|
|
|
Legal Form : |
BV Private Company Ltd.
acc. |
|
|
|
|
Line of Business : |
Manufacture of and
wholesale business in fine mechanical products, both at home and abroad. |
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 : |
Average 5 days beyond terms |
|
|
|
|
Litigation : |
Clear |
name & address
T.T. Fijnmechanica
BV
Daalakkerweg 24
6041 BL ROERMOND
Tel.:+31
(0)475-355000
Fax.:+31
(0)475-331774
Legal
status
BV Private Company Ltd.
acc. nat. law
Founded
02/09/1983 as Ltd.
Trade
register
13022849
Capital
Nominal EUR 77.250,--
Issued and paid up EUR 18.025,--
Management
Willem R.D.Bakkum,
born 19/05/1967,
Jeroen
A.F.C.Naalden, born 05/10/1970,
Activity
The manufacture of and
wholesale business in fine mechanical products, both at home and abroad.
Staff
38 employees
Real estate
The business
premises at the mentioned address is owned by the company, as far as we know.
Finances
See balance sheet
Remarks
Subsidiary company
of
-Enerpac
BV,
Galvanistraat
115, 6716 AE EDE GLD
The
shareholders equity was as of:
31/12/2006 Euro 311.293
31/12/2005 Euro 212.121
31/12/2004 Euro 152.304
The working
capital was as of:
31/12/2006 Euro 696.020
31/12/2005 Euro 569.441
31/12/2004 Euro 483.010
Export :
Europe, America and Asia
Import :
Europe
Export
share : 100 %
Import
share : 100 %
Correspondence
address:
Postbus 49
6040 AA ROERMOND
Banks
ABN-AMRO NV
Rabobank
VAT-nr.
NL006664726B01
Mode
of payment
On average 5 days beyond
terms.
Credit
demand
No objections against
entering into a business relationship.
The following financial data is retrieved from
the corporate balance sheet of :
T.T. Fijnmechanica 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 0
Receivables 2.417.318 3.749.192
Shares 0 0
Liquid assets 16.427 9.228
Miscellaneous current assets 0 0
Total current assets 2.433.745 3.758.420
Shareholders
equity 212.121 311.293
Provisions 357.320 384.727
Long-term liabilities 0 0
Current liabilities 1.864.304 3.062.400
Minority interests 0 0
Miscellaneous
liabilities 0 0
Total liabilities 2.433.745 3.758.420
FINANCIAL RATIOS
-----2005----- -----2006-----
EQUITY %
Equity gearing 8,7 8,3
Equity/outside
capital 9,5 9
LIQUIDITY
Current ratio 1,3 1,2
Acid test 1,3 1,2
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 569.441 696.020
Shareholders equity + Equalization acc. 212.121 311.293
FOREIGN EXCHANGE
RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.42.23 |
|
UK Pound |
1 |
Rs.83.88 |
|
Euro |
1 |
Rs.66.41 |
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%)