MIRA
INFORM REPORT
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Report Date : |
03.06.2008 |
IDENTIFICATION
DETAILS
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Name : |
HAFFMANS BV |
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Registered Office : |
Marinus Dammeweg 30 5928 PW Venlo |
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Country : |
Netherlands |
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Financials (as on) : |
31.12.2006 |
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Date of Incorporation : |
17.12.1992 |
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Legal Form : |
BV Private Company Ltd |
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Line of Business : |
Manufacture
of and trade in installations for regaining coal dioxide and spare parts
thereof, measuring and controlling equipment and ingredients and additives
for breweries and the liquor/beverage industry. |
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 : |
Slow by 15 days |
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Litigation : |
Clear |
name & address
Haffmans BV
Marinus Dammeweg
30
5928 PW VENLO
Tel.:+31
(0)77-3232300
Fax.:+31
(0)77-3232323
Legal
status
BV Private Company Ltd.
acc. nat. law
Founded
17/12/1992 as Ltd.
Trade
register
12030119
Capital
Nominal EUR 90.000,--
Issued and paid up EUR 18.200,--
Management
M. Holterman, born 05/10/1969, Van
Cleefstraat 16, 5911 BG VENLO
Activity
Manufacture
of and trade in installations for regaining coal dioxide and spare parts
thereof, measuring and controlling
equipment and ingredients and additives for breweries and the liquor/beverage
industry.
Staff
110 employees
Turnover
from the
consolidated balance sheet of Norit N.V.
2006 Euro 309.937.000
2005 Euro 233.868.000
2004 Euro 225.157.000
Real
estate
The business
premises at the mentioned address has been rented by the company, as far as we
know.
Finances
See balance sheet
Remarks
Subsidiary company
of
-Norit
Proces Technologie Holding B.V.,
Hertmerweg 42C, 7625
RH ZENDEREN
Ultimate parent
company
-Norit
International BV,
Hertmerweg 42C,
7625 RH ZENDEREN.
The next
financial data is extracted
from the
consolidated balance sheet of
'Norit
N.V.'
Consolidated
net result:
2006 Euro 17.516.000
2005 Euro 9.421.000
2004 Euro 14.688.000
The
shareholders equity was as of:
31/12/2006 Euro 74.650.000
31/12/2005 Euro 61.219.000
31/12/2004 Euro 46.483.000
The working
capital was as of:
31/12/2006 Euro 77.289.000
31/12/2005 Euro 72.150.000
31/12/2004 Euro 72.400.000
A
declaration of liability has been issued by
Norit NV;
Norit NV is the parent company of
Norit
Process Technologie Holding BV, the direct
parent
company of subject matter.
Website :
www.haffmans.nl
Correspondence
address:
Postbus
3150
5902
RD VENLO
Banks
Postbank, 48.40.29.681
ABN-AMRO NV, 26.08.40.521
van Lanschot, 1053461
VAT-nr.
NL801365776B02
Mode
of payment
On average 15 days beyond
terms.
Credit
demand
No objections against entering
into a business relationship.
The following financial data is retrieved from
the consolidated balance sheet of : Norit N.V.
BALANCE
SHEET
Consolidated in Euro(x
1.000) Euro(x 1.000)
---31-12-2005--- ------31-12-2006---
Intangible assets 640 15.328
Tangible assets 70.480 74.421
Financial assets 10.007 7.956
Miscellaneous fixed assets 0 0
Total fixed assets 81.127 97.705
Stock 57.328 60.362
Receivables 50.838 69.789
Shares 0 0
Liquid assets 18.804 21.311
Miscellaneous current assets 0 0
Total current assets 126.970 151.462
Shareholders
equity 61.280 74.650
Provisions 20.517 19.795
Long-term liabilities 71.541 80.549
Current liabilities 54.820 74.173
Minority interests -61 0
Miscellaneous liabilities 0 0
Total liabilities 208.097 249.167
PROFIT
& LOSS ACCOUNT
Consolidated in Euro(x
1.000) Euro(x 1.000)
---31-12-2005--- ------31-12-2006---
Turnover 233.868 309.937
Other income 0 -1.185
Total expenses 217.017 278.767
Operating profit 16.851 29.985
Balance financial P/L -4.266 -4.520
Net profit/loss 1] 12.585 25.465
Taxation 3.013 7.789
Share in P/L of subsidiaries -252 0
Net profit/loss 2] 9.320 17.676
Balance extraordinary P/L 0 0
Taxation 0 0
Extraordinary P/L 2] 0 0
Res. sub. companies 2] 0 -258
Minority interests -101 -98
Miscellaneous P/L 0 0
Net result 9.421 17.516
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Legend : 1]
= Before tax
2]
= After tax
FINANCIAL
RATIOS
-----2005----- -----2006-----
EQUITY
%
Equity gearing 29,4 30
Equity/outside capital 41,7 42,8
LIQUIDITY
Current ratio 2,3 2
Acid test 1,3 1,2
RATES OF RETURN %
Total assets 6 10,2
Shareholders
equity 20,6 34,1
Pre tax margin
% 5,4 8,2
Turnover rate 112,4 124,4
(x
1.000) (x 1.000)
-------------------- --------------------
Working capital 72.150 77.289
Shareholders
equity + Equalization acc. 61.219 74.650
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%)