MIRA
INFORM REPORT
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Report Date : |
12.08.2011 |
IDENTIFICATION DETAILS
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Name : |
HOUCON CARGO SYSTEMS B.V. |
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Registered Office : |
Alexander Bellstraat 7 Oud-Beijerland, 3261 LX |
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Country : |
Netherlands |
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Financials (as on) : |
31.12.2009 |
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Date of Incorporation : |
10.05.1996 |
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Com. Reg. No.: |
230814960000 |
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Legal Form : |
Private Independent |
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Line of Business : |
Mining and Construction Machinery Manufacturing |
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 |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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Litigation : |
-- |
NOTES :
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – March 31st, 2011
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Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
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Netherlands |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
company name and address
Houcon Cargo Systems B.V.
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Business Description |
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Houcon Cargo Systems B.V. is primarily engaged in manufacturing
overhead traveling cranes, hoists, and monorail systems for installation in
factories, warehouses, marinas, and other industrial and commercial establishments. |
Industry
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Industry |
Construction and Agriculture Machinery |
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ANZSIC 2006: |
2462 - Mining and Construction Machinery
Manufacturing |
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NACE 2002: |
2922 - Manufacture of lifting and handling
equipment |
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NAICS 2002: |
33392 - Material Handling Equipment
Manufacturing |
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UK SIC 2003: |
2922 - Manufacture of lifting and handling
equipment |
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US SIC 1987: |
3536 - Overhead Traveling Cranes, Hoists,
and Monorail Systems |
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1 - Profit & Loss Item Exchange Rate: USD 1 = EUR 0.7190468
2 - Balance Sheet Item Exchange Rate: USD 1 = EUR 0.6969855
Corporate Overview
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Annual Balance
Sheet |
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Financials in:
USD (mil) |
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31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
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Filed Currency |
EUR |
EUR |
EUR |
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Exchange Rate |
0.696986 |
0.719399 |
0.683971 |
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Consolidated |
No |
No |
No |
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Other reserves |
0.5 |
0.9 |
0.9 |
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Total stockholders equity |
0.5 |
0.9 |
0.9 |
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Provisions and allowances |
0.0 |
0.0 |
0.1 |
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Total current liabilities |
2.6 |
3.7 |
3.7 |
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Total liabilities (including net worth) |
3.2 |
4.6 |
4.7 |
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Total tangible fixed assets |
0.0 |
0.1 |
0.1 |
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Total non-current assets |
0.0 |
0.1 |
0.1 |
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Net stocks and work in progress |
1.8 |
1.6 |
2.4 |
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Total receivables |
1.1 |
2.3 |
2.0 |
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Cash and liquid assets |
0.2 |
0.6 |
0.2 |
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Total current assets |
3.1 |
4.5 |
4.5 |
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Total assets |
3.2 |
4.6 |
4.7 |
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Annual Ratios |
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Financials in:
USD (mil) |
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31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
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Period Length |
12 Months |
12 Months |
12 Months |
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Filed Currency |
EUR |
EUR |
EUR |
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Exchange Rate |
0.696986 |
0.719399 |
0.683971 |
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Consolidated |
No |
No |
No |
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Current ratio |
1.20 |
1.20 |
1.20 |
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Acid test ratio |
0.50 |
0.80 |
0.60 |
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Current liabilities to net worth |
4.83% |
4.17% |
3.92% |
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Fixed assets to net worth |
0.09% |
0.14% |
0.15% |
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Net worth |
0.5 |
0.9 |
0.9 |
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Number of employees |
5 |
4 |
5 |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.45.27 |
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1 |
Rs.73.34 |
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Euro |
1 |
Rs.64.58 |
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 |
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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NB |
New Business |
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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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.