MIRA
INFORM REPORT
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Report Date : |
19.06.2008 |
IDENTIFICATION
DETAILS
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Name : |
MCB NEDERLAND BV |
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Registered Office : |
John F. Kennedylaan 59 5555 XC
Valkenswaard |
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Country : |
Netherlands |
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Financials (as on) : |
31.12.2006 |
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Date of Incorporation : |
16.05.1941 |
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Legal Form : |
BV Private Company Ltd. |
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Line of Business : |
Wholesale
business in steel and metalware as well as in trailer construction and
related articles |
RATING &
COMMENTS
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MIRA’s Rating : |
A |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Good |
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Payment Behaviour : |
Clear |
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Litigation : |
Average 5 days beyond terms |
name & address
MCB Nederland
BV
John F.
Kennedylaan 59
5555 XC VALKENSWAARD
Tel.:+31
(0)40-2088333
Fax.:+31
(0)40-2043795
Legal
status
BV Private Company Ltd.
acc. nat. law
Founded
16/05/1941, Ltd. since
29/05/1992
Trade
register
17075728
Capital
Nominal EUR 22.690.000,--
Issued and paid up EUR 4.538.000,--
Management
-MCB International B.V.,
John
F Kennedylaan 59, 5555 XC VALKENSWAARD
Activity
Wholesale business
in steel and metalware as
well as in trailer
construction and related
articles.
Branch[es]:
-MCB Nederland
BV,
De Vest 38, 5555 XP VALKENSWAARD
-MCB Nederland BV,
De Schakel 7, 5651 GH EINDHOVEN
Trade name:
-MCB Information
Services
-Metaalcompagnie
"Brabant"
Staff
1.312 employees
Turnover
Net turnover:
2006 Euro 631.566.797
2005 Euro 487.882.241
2004 Euro 466.446.612
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
-MCB
International B.V.,
John F
Kennedylaan 59, 5555 XC VALKENSWAARD
Ultimate
parent company
-De Smidse
CV,
Den Biest
11, 5615 AT EINDHOVEN.
Net result:
2006 Euro 29.598.845
2005 Euro 19.532.685
2004 Euro 22.731.165
The
shareholders equity was as of:
31/12/2006 Euro 138.172.390
31/12/2005 Euro 120.761.910
31/12/2004 Euro 113.189.573
The working
capital was as of:
31/12/2006 Euro 109.674.771
31/12/2005 Euro 73.250.929
31/12/2004 Euro 64.381.201
The company
has been certified according to the
norm ISO
9002-1987, since 15.09.1992.
Website : www.mcb.nl
Import : Belgium, France, Germany, Japan and the UK
Export : Belgium, Germany and the UK
Correspondence address:
Postbus 2
5550 AV
VALKENSWAARD
Banks
van Lanschot, EINDHOVEN,
22.63.11.600
Rabobank, VALKENSWAARD,
17.29.45.437
ABN-AMRO NV, 44.40.46.003
VAT-nr.
NL800807431B01
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 :
MCB Nederland BV
BALANCE SHEET
Corporate in Euro(x
1) Euro(x 1)
---31-12-2005--- ------31-12-2006---
Intangible assets 72.689.571 0
Tangible assets 0 71.272.432
Financial assets 0 0
Miscellaneous
fixed assets 0 0
Total fixed assets 72.689.571 71.272.432
Stock 84.281.953 111.437.104
Receivables 68.796.383 106.883.959
Shares 0 0
Liquid assets 648.250 2.799.188
Miscellaneous
current assets 0 0
Total current
assets 153.726.586 221.120.251
Shareholders equity 120.761.910 138.172.390
Provisions 12.797.989 12.774.813
Long-term
liabilities 12.380.601 30.000.000
Current
liabilities 80.475.657 111.445.480
Minority interests 0 0
Miscellaneous
liabilities 0 0
Total liabilities 226.416.157 292.392.683
PROFIT
& LOSS ACCOUNT
Corporate in Euro(x
1) Euro(x 1)
---31-12-2005--- ------31-12-2006---
Turnover 487.882.241 631.566.797
Other income 0 0
Total expenses 457.310.759 587.567.451
Operating profit 30.571.482 43.999.346
Balance financial P/L -2.056.613 -1.955.532
Net profit/loss 1] 28.514.869 42.043.814
Taxation 8.982.184 12.444.969
Share in P/L of subsidiaries 0 0
Net profit/loss 2] 19.532.685 29.598.845
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 19.532.685 29.598.845
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Legend : 1]
= Before tax
2]
= After tax
FINANCIAL
RATIOS
-----2005----- -----2006-----
EQUITY
%
Equity gearing 53,3 47,3
Equity/outside capital 114,3 89,6
LIQUIDITY
Current ratio 1,9 2
Acid test 0,9 1
RATES OF RETURN %
Total assets 12,6 14,4
Shareholders
equity 23,6 30,4
Pre tax margin
% 5,8 6,7
Turnover rate 215,5 216
(x
1) (x 1)
-------------------- --------------------
Working capital 73.250.929 109.674.771
Shareholders
equity + Equalization acc. 120.761.910 138.172.390
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%)