MIRA
INFORM REPORT
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Report Date : |
23.06.2008 |
IDENTIFICATION
DETAILS
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Name : |
NEDSCHROEF
HERENTALS NV |
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Registered Office : |
10 2200 Herentals |
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Country : |
Belgium |
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Financials (as on) : |
31.12.2006 |
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Date of Incorporation : |
01.06.1961 |
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Legal Form : |
NV Public Limited Company |
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Line of Business : |
Manufacture
of Machinery, according to own design, for the manufacture of screws and bolts
and other special products according to cold- and hot pressing procedures. |
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
Nedschroef
Herentals NV
10 2200
HERENTALS
Tel.:+32
(0)14-257100
Fax.:+32
(0)14-212936
Legal
status
NV Public limited company
[nat. law]
Founded
01/06/1961, P.l.c. since
27/06/1961
Trade
register
66028783
Capital
Nominal EUR 992.000,--
Issued and paid up EUR 2.042.000,--
Management
Eugène Willem Gemma Marie van Thiel, born
28/09/1942, Vlierbes 13, 5708 DV HELMOND
W.C. Mezger, born 15/11/1951, Middelvaart
60, 4285 WS WOUDRICHEM
Donald Eshuis, born 26/03/1959, Aedriaan
Poirterslaan 22, 5582 EP WAALRE
Jan W. Rietdijk, born 06/06/1961, Kleine
Schmieh6144 0 OBERURSEL - DUITSLAND
H. Klerks, born 01/01/1918, Antwerpsebaan
42, 5554 JV VALKENSWAARD
Activity
The
manufacture of machinery, according to own design, for the manufacture of
screws and bolts and other special products according to cold- and hot pressing
procedures.
Staff
134 employees
Turnover
Net turnover:
2006 Euro 21.977.000
2005 Euro 21.356.000
2004 Euro 21.759.000
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
-Koninklijke Nedschroef Holding B.V.,
Kanaaldijk Noord West 83, 5707 LC HELMOND
Net result:
2006 Euro 1.065.000
2005 Euro 947.000
2004 Euro (4.978.000)
The
shareholders equity was as of:
31/12/2006 Euro 3.387.000
31/12/2005 Euro 2.323.000
31/12/2004 Euro 1.375.000
The working
capital was as of:
31/12/2006 Euro 5.100.000
31/12/2005 Euro 3.658.000
31/12/2004 Euro 4.084.000
Website:
www.nedschroef.be
Subject
matter is part of the Dutch Nedschroef group.
Banks
Fortis Bank, 230-02238
KBC Bank
KBC Bank
VAT-nr.
BE404172373
Mode
of payment
Within terms
Credit
demand
No objections against
entering into a business relationship.
The following financial data is retrieved from
the corporate balance sheet of :
Nedschroef Herentals NV
BALANCE
SHEET
Corporate in Euro(x
1.000) Euro(x 1.000)
---31-12-2005--- ------31-12-2006---
Intangible assets 2 41
Tangible assets 3.407 3.011
Financial assets 0 0
Miscellaneous fixed assets 0 0
Total fixed assets 3.409 3.052
Stock 9.058 10.047
Receivables 4.846 2.188
Shares 0 0
Liquid assets 1.391 1.127
Miscellaneous current assets 0 0
Total current assets 15.683 13.675
Shareholders
equity 2.323 3.387
Provisions 2.838 3.514
Long-term liabilities 855 779
Current liabilities 12.025 8.575
Minority interests 0 0
Miscellaneous
liabilities 0 0
Total liabilities 19.092 16.727
PROFIT
& LOSS ACCOUNT
Corporate in Euro(x
1.000) Euro(x 1.000)
---31-12-2005--- ------31-12-2006---
Turnover 21.356 21.977
Other income 1.428 819
Total expenses -11.695 -11.565
Operating profit 1.236 1.160
Balance financial P/L 821 723
Net profit/loss 1] 935 1.015
Taxation 0 0
Share in P/L of subsidiaries 0 0
Net profit/loss 2] 0 0
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 947 1.065
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Legend : 1]
= Before tax
2]
= After tax
FINANCIAL RATIOS
-----2005----- -----2006-----
EQUITY
%
Equity gearing 12,2 20,2
Equity/outside capital 13,9 25,4
LIQUIDITY
Current ratio 1,3 1,6
Acid test 0,6 0,4
RATES OF RETURN %
Total assets 4,9 6,1
Shareholders
equity 40,2 30
Pre tax margin
% 4,4 4,6
Turnover rate 111,9 131,4
(x
1.000) (x 1.000)
-------------------- --------------------
Working capital 3.658 5.100
Shareholders
equity + Equalization acc. 2.323 3.387
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%)