MIRA
INFORM REPORT
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Report Date : |
05.09.2008 |
IDENTIFICATION
DETAILS
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Name : |
ELCEE HOLLAND BV |
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Registered Office : |
Kamerlingh Onnesweg 28 3316 GL
Dordrecht |
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Country : |
Netherlands |
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Financials (as on) : |
31.12.2007 |
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Date of Incorporation : |
01.11.1923 |
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Legal Form : |
BV Private Company
LIMITED |
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Line of Business : |
Wholesale
business in Fastening Materials, semi-Finished Products, Finished Products, Ferrous
and Non-Ferrous Metals as well as machines, tools, Fastening Materials,
Medical Equipment, etc |
RATING &
COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Small Company |
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Payment Behaviour : |
Average 5 days beyond terms |
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Litigation : |
Clear |
name & address
Elcee Holland
BV
Kamerlingh
Onnesweg 28
3316 GL DORDRECHT
Tel.:+31
(0)78-6544777
Fax.:+31
(0)78-6544722
Legal
status
BV Private Company Ltd.
acc. nat. law
Founded
01/11/1923, Ltd. since
24/08/1972
Trade
register
23041333
Capital
Nominal EUR 227.000,--
Issued and paid up EUR 45.400,--
Management
P.R. Plas, born
20/09/1955,
R. Jonkers, born
28/12/1949,
Activity
Wholesale business
in fastening materials, semi-finished products, finished products, ferrous and
non-ferrous metals as well as machines, tools, fastening materials, medical
equipment, etc.
Staff
108 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
-Beheermaatschappij
Coplamo BV,
Kamerlingh
Onnesweg 28, 3316 GL DORDRECHT
Ultimate parent
company
-Plajo BV,
Kamerlingh Onnesweg
28, 3316 GL DORDRECHT.
Net result:
2007 Euro 2.372.608
2006 Euro 728.148
2005 Euro 647.573
The
shareholders equity was as of:
31/12/2007 Euro 7.167.133
31/12/2006 Euro 4.794.525
31/12/2005 Euro 4.066.377
The working
capital was as of:
31/12/2007 Euro 6.365.009
31/12/2006 Euro 3.981.778
31/12/2005 Euro 3.184.934
Website :
www.elcee.nl
Email :
info@elcee.nl
Import :
the UK, France, Germany, Italy, Spain, Denmark,
Belgium,
Norway and Sweden
Import
share : 90 %
Export :
Belgium and France, Luxembourg
and Germany
Export
sahre : 5 %
Correspondence
address:
Postbus 606
3300
AP DORDRECHT
Fax nr. as
suggested by you is of the purchasing department.
Address as
suggested by you concerns the forwarding address.
Banks
ABN-AMRO Bank NV,
ROTTERDAM, 50.03.30.697
Postbank, 258782
VAT-nr.
NL008884249B01
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 :
Elcee Holland BV
BALANCE
SHEET
Corporate in Euro(x
1) Euro(x 1)
---31-12-2006--- ------31-12-2007---
Intangible assets 112.500 99.640
Tangible assets 700.247 755.884
Financial assets 0 0
Miscellaneous fixed assets 0 0
Total fixed assets 812.747 855.524
Stock 4.796.667 7.341.954
Receivables 6.396.894 7.607.024
Shares 0 0
Liquid assets 32.334 43.303
Miscellaneous current assets 0 0
Total current assets 11.225.895 14.992.281
Shareholders equity 4.794.525 7.167.133
Provisions 0 53.400
Long-term liabilities 0 0
Current liabilities 7.244.117 8.627.272
Minority interests 0 0
Miscellaneous liabilities 0 0
Total liabilities 12.038.642 15.847.805
PROFIT
& LOSS ACCOUNT
Corporate in Euro(x
1) Euro(x 1)
---31-12-2006--- ------31-12-2007---
Turnover 0 0
Other income 0 0
Total expenses 0 0
Operating profit 1.119.233 3.301.835
Balance financial P/L -81.238 -115.502
Net profit/loss 1] 1.037.995 3.186.333
Taxation 309.847 813.725
Share in P/L of subsidiaries 0 0
Net profit/loss 2] 728.148 2.372.608
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 728.148 2.372.608
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Legend : 1]
= Before tax
2]
= After tax
FINANCIAL
RATIOS
-----2006----- -----2007-----
EQUITY
%
Equity gearing 39,8 45,2
Equity/outside capital 66,2 82,6
LIQUIDITY
Current ratio 1,5 1,7
Acid test 0,9 0,9
RATES OF RETURN %
Total assets 8,6 20,1
Shareholders
equity 21,6 44,5
Pre tax margin
% 0 0
Turnover rate 0 0
(x
1) (x 1)
-------------------- --------------------
Working capital 3.981.778 6.365.009
Shareholders
equity + Equalization acc. 4.794.525 7.167.133
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.44.37 |
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UK Pound |
1 |
Rs.78.09 |
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Euro |
1 |
Rs.63.41 |
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%)