MIRA
INFORM REPORT
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Report Date : |
17.10.2008 |
IDENTIFICATION
DETAILS
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Name : |
EUROPE MINERALS B.V. |
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Registered Office : |
Coenhavenweg 22 1013 BL
Amsterdam |
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Country : |
Netherlands |
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Financials (as on) : |
31.12.2006 |
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Date of Incorporation : |
15.06.1997 |
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Legal Form : |
BV Private Company
Limited |
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Line of Business : |
Wholesale Business in and
Processing of Minerals, especially and Asulite and Zirkon. |
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 30 days beyond terms |
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Litigation : |
Clear |
name & address
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Europe Minerals
B.V. |
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Coenhavenweg 22 |
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1013 BL AMSTERDAM |
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Tel.:+31
(0)20-5853800 |
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Fax.:+31
(0)20-5853806 |
Legal
status
BV Private Company Ltd. acc.
nat. law
Founded
15/06/1997, Ltd. since
21/11/1997
Trade
register
332932280000
Capital
Nominal EUR 80.000,--
Issued and paid up EUR 18.400,--
Management
H.J. Reiprich, born
09/09/1950,
Activity
Wholesale business in
and processing of minerals, especially and asulite and zirkon.
Staff
7 employees
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
-Eggerding
Marketing BV,
Coenhavenweg
22, 1013 BL AMSTERDAM
Subsidiary[ies]:
-Nyalco BV,
Coenhavenweg
22, 1013 BL AMSTERDAM
Previously
located:
-Europe Minerals B.V.,
Coenhavenweg 14, 1013 BL AMSTERDAM
The next
financial data is extracted
from the
consolidated balance sheet of
'Europe
Minerals B.V. '
Consolidated
net result:
2006 Euro 956.088
2005 Euro 1.371.382
2004 Euro 459.442
The
shareholders equity was as of:
31/12/2006 Euro 3.567.829
31/12/2005 Euro 2.611.741
31/12/2004 Euro 1.240.359
The working
capital was as of:
31/12/2006 Euro 3.485.417
31/12/2005 Euro 2.537.762
31/12/2004 Euro 1.385.645
Full address:
Coenhavenweg
22, Westpoort 2217
1013 BL
AMSTERDAM
Address as
suggested by you is a former one.
Banks
ABN-AMRO Bank NV, Amsterdam,
46.87.67.665
VAT-nr.
NL806108150B01
Mode
of payment
On average 20 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 :
Europe Minerals B.V.
BALANCE
SHEET
Consolidated in Euro(x
1) Euro(x 1)
---31-12-2005--- ------31-12-2006---
Intangible assets 2.559 0
Tangible assets 10.718 36.429
Financial assets 60.702 45.983
Miscellaneous fixed assets 0 0
Total fixed
assets 73.979 82.412
Stock 1.906.194 2.808.297
Receivables 4.967.016 4.007.302
Shares 0 0
Liquid assets 158.905 352.764
Miscellaneous current assets 0 0
Total current
assets 7.032.115 7.168.363
Shareholders
equity 2.611.741 3.567.829
Provisions 0 0
Long-term liabilities 0 0
Current liabilities 4.494.353 3.682.946
Minority interests 0 0
Miscellaneous
liabilities 0 0
Total liabilities 7.106.094 7.250.775
PROFIT
& LOSS ACCOUNT
Consolidated in Euro(x
1) Euro(x 1)
---31-12-2005--- ------31-12-2006---
Turnover 0 0
Other income 0 0
Total expenses 964.987 0
Operating profit 2.030.474 1.365.922
Balance financial P/L -27.457 -10.004
Net profit/loss 1] 2.003.017 1.355.918
Taxation 631.635 399.830
Share in P/L of subsidiaries 0 0
Net profit/loss 2] 1.371.382 956.088
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 1.371.382 956.088
----------------------------------------------------------------------------------------------------------------
Legend : 1]
= Before tax
2]
= After tax
FINANCIAL RATIOS
-----2005----- -----2006-----
EQUITY %
Equity gearing 36,8 49,2
Equity/outside
capital 58,1 96,9
LIQUIDITY
Current ratio 1,6 1,9
Acid test 1,1 1,2
RATES OF RETURN %
Total assets 28,2 18,7
Shareholders equity 76,7 38
Pre tax
margin % 0 0
Turnover rate 0 0
(x
1) (x 1)
-------------------- --------------------
Working capital 2.537.762 3.485.417
Shareholders equity + Equalization acc. 2.611.741 3.567.829
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.48.68 |
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UK Pound |
1 |
Rs.84.37 |
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Euro |
1 |
Rs.65.70 |
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%)