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MIRA
INFORM REPORT
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Report Date : |
14.03.2008 |
IDENTIFICATION
DETAILS
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Name : |
GREENDOWN (HOLLAND) B.V. |
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Registered Office : |
Plaza 6 4782 SK Moerdijk |
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Country : |
Netherlands |
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Financials (as on) : |
31.12.2006 |
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Date of Incorporation : |
17.01.2001 |
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Legal Form : |
BV Private Company Limited |
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Line of Business : |
Holding Company |
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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Maximum Credit Limit : |
EUR 500.000 |
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Status : |
Good |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
name & address
Greendown (Holland)
B.V.
Plaza 6
4782 SK MOERDIJK
Tel.:+31
(0)10-4135207
Fax.:+31
(0)10-4114133
Legal status
BV Private Company Ltd. acc. nat. law
Founded
17/01/2001
Trade register
24316554
Capital
Nominal EUR 500.000,--
Issued and paid up EUR 200.000,--
Management
-Jongkindstraat BV,
Museumpark 9, 3015 CB
ROTTERDAM
Activity
Holding company.
Staff
No other employees
Turnover
from the
consolidated balance sheet of Niref BV
2006 Euro 360.977.000
2005 Euro 310.593.000
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
-Niref BV,
Plaza 6, 4782 SK MOERDIJK
Subsidiary[ies]:
-Coni Trading BV,
Noorwitsstraat 158, 3067 KT ROTTERDAM
Previously
located:
-Greendown
(Holland) B.V.,
Boezembocht
23, 3034 KA ROTTERDAM
The next
financial data is extracted
from the
consolidated balance sheet of
'Niref BV'
Consolidated
net result:
2006 Euro 3.004.000
2005 Euro 1.682.000
The
shareholders equity was as of:
31/12/2006 Euro 3.658.000
31/12/2005 Euro 2.551.000
The working
capital was as of:
31/12/2006 Euro 3.390.000
31/12/2005 Euro 2.339.000
A
declaration of liability has been issued by
Niref BV.
Correspondence
address:
Postbus
3495
3003
AL ROTTERDAM
Address as
suggested by you is a former one, used till
08.01.2008.
Subsidairies
are engaged in: Wholesale business in
non-ferrous
metals, semi manufactured products and
scrapp
metal.
Banks
KBC Bank
Fortis Bank
Lloyds Bank PLC
Mode
of payment
No complaints have been
registered
Credit
demand
No objections against
entering into a business relationship.
A maximum credit limit of
EUR 500.000 is advised
The following financial data is retrieved from the consolidated balance
sheet of :
BALANCE
SHEET
Consolidated in Euro(x
1.000) Euro(x 1.000)
---31-12-2005--- ------31-12-2006---
Intangible assets 0 0
Tangible assets 309 177
Financial assets 0 199
Miscellaneous fixed assets 0 0
Total fixed assets 309 376
Stock 6.118 9.474
Receivables 9.903 17.337
Shares 0 0
Liquid assets 2.081 11.987
Miscellaneous
current assets 0 0
Total current
assets 18.102 38.798
Shareholders equity 2.551 3.658
Provisions 31 30
Long-term
liabilities 66 78
Current
liabilities 15.763 35.408
Minority interests 0 0
Miscellaneous
liabilities 0 0
Total liabilities 18.411 39.174
PROFIT & LOSS ACCOUNT
Consolidated in Euro(x
1.000) Euro(x 1.000)
---31-12-2005--- ------31-12-2006---
Turnover 310.593 360.977
Other income 0 0
Total expenses 308.350 357.475
Operating
profit 2.243 3.502
Balance financial
P/L 151 139
Net profit/loss
1] 2.394 3.641
Taxation 712 807
Share in P/L of
subsidiaries 0 0
Net profit/loss
2] 1.682 2.834
Balance
extraordinary P/L 0 170
Taxation 0 0
Extraordinary P/L
2] 0 170
Res. sub.
companies 2] 0 0
Minority interests 0 0
Miscellaneous P/L 0 0
Net result
1.682 3.004
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Legend : 1]
= Before tax
2]
= After tax
FINANCIAL RATIOS
-----2005----- -----2006-----
EQUITY %
Equity gearing 13,9 9,3
Equity/outside
capital 16,1 10,3
LIQUIDITY
Current ratio 1,1 1,1
Acid test 0,8 0,8
RATES OF RETURN %
Total assets 13 9,3
Shareholders equity 93,8 99,5
Pre tax
margin % 0,8 1
Turnover rate 1687 921,5
(x
1.000) (x 1.000)
-------------------- --------------------
Working capital 2.339 3.390
Shareholders equity + Equalization acc. 2.551 3.658
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%)