MIRA
INFORM REPORT
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Report Date : |
11.03.2008 |
IDENTIFICATION
DETAILS
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Name : |
HAUZER TECHNO-COATING B.V. |
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Registered Office : |
Van Heemskerckweg 22, 5928 LL
VENLO |
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Country : |
Netherlands |
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Financials (as on) : |
31.12.2006 |
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Date of Incorporation : |
06.09.1983 |
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Legal Form : |
BV Private Company Limited |
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Line of Business : |
The development
and application of surface techniques and finishing of metals and metaloids
as well as carrying out heat treatments of tools, moulds and machine parts |
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 : |
Average 5 days beyond terms |
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Litigation : |
Clear |
name & address
Hauzer
Techno-Coating B.V.
Van Heemskerckweg
22
5928 LL VENLO
Tel.:+31
(0)77-3559777
Fax.:+31
(0)77-3969798
Legal status
BV Private Company Ltd. acc. nat. law
Founded
06/09/1983 as Ltd.
Trade register
12021235
Capital
Nominal EUR 90.000,--
Issued and paid up EUR 18.000,--
Management
Carl Ludwig Georg Thomas Krug, born
27/02/1952, DUITSLAND
Signatory
Johannes Adrianus Thomas van den Heuvel,
born 06/05/1960, Denariehof 5, 5551 XM VALKENSWAARD
Eric Johannes Smabers, born 30/08/1963,
Burg. van Hoofflaan 4, 5503 BN VELDHOVEN
Activity
The
development and application of surface techniques and finishing of metals and
metaloids as well as carrying out heat treatments fo tools, moulds and machine
parts; developments and trade in machinery and installations for these
operations, raw materials, additives, including the know-how for these.
Staff
80 employees
Turnover
from the
consolidated balance sheet of Hauzer Techno-Coating B.V.
2005 Euro 23.974.434
2004 Euro 18.743.870
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[ies]:
-Hauzer Techno-Coating Engineering BV,
van Heemskerckweg 22, 5928 LL VENLO
-Hauzer
Techno-Coating Production BV,
van
Heemskerckweg 22, 5928 LL VENLO
Previous
name of the company:
-Hauzer
Techno-Coating Europe BV
Previously
located:
-Hauzer Techno-Coating BV,
Groethofstraat 22-B, 5916 PB VENLO
The next financial
data is extracted
from the
consolidated balance sheet of
'Hauzer
Techno-Coating B.V. '
Consolidated
net result:
2006 Euro 2.783.077
2005 Euro 2.293.740
2004 Euro 1.166.076
The
shareholders equity was as of:
31/12/2006 Euro 8.584.988
31/12/2005 Euro 7.554.157
31/12/2004 Euro 6.108.866
The working
capital was as of:
31/12/2006 Euro 2.921.453
31/12/2005 Euro 2.698.996
31/12/2004 Euro 1.263.031
Website :
www.hauzertechnocoating.com]
Correspondence
address:
Postbus
3057
5902
RB VENLO
Parent
company:
Nachtwache
Furnaces GmbH, Essen - Germany
Banks
Fortis Bank
VAT-nr.
NL809191428B01
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 consolidated balance
sheet of :
BALANCE
SHEET
Consolidated in Euro(x
1) Euro(x 1)
---31-12-2005--- ------31-12-2006---
Intangible assets 0 121.812
Tangible assets 3.559.017 3.473.082
Financial assets 1.719.962 2.750.963
Miscellaneous fixed assets 0 0
Total fixed assets
5.278.979
6.345.857
Stock 7.214.304 8.698.703
Receivables 4.671.363 6.734.524
Shares 0 0
Liquid assets 2.106.131 1.633.278
Miscellaneous current assets 0 0
Total current assets
13.991.798
17.066.505
Shareholders
equity 7.554.157 8.584.988
Provisions 423.818 682.322
Long-term liabilities 0 0
Current liabilities 11.292.802 14.145.052
Minority interests 0 0
Miscellaneous
liabilities 0 0
Total liabilities 19.270.777 23.412.362
PROFIT & LOSS ACCOUNT
Consolidated in Euro(x
1) Euro(x 1)
---31-12-2005--- ------31-12-2006---
Turnover 23.974.434 0
Other income 0 0
Total expenses 23.255.904 7.799.739
Operating
profit 2.765.960 2.944.745
Balance financial
P/L 619 -95.727
Net
profit/loss 2.766.579 2.849.018
Taxation 890.157 972.567
Share in P/L of
subsidiaries 417.318 906.626
Net profit/loss
2] 2.293.740 2.783.077
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 2.293.740
2.783.077
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Legend : 1]
= Before tax
2]
= After tax
FINANCIAL RATIOS
-----2005----- -----2006-----
EQUITY %
Equity gearing 39,2 36,7
Equity/outside
capital 64,5 57,9
LIQUIDITY
Current ratio 1,2 1,2
Acid test 0,6 0,6
RATES OF RETURN %
Total assets 14,4 12,2
Shareholders equity 36,6 33,2
Pre tax
margin % 11,5 0
Turnover rate 124,4 0
(x
1) (x 1)
-------------------- -------------------
Working capital 2.698.996 2.921.453
Shareholders equity + Equalization acc. 7.554.157 8.584.988
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%)