MIRA INFORM REPORT
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Report Date : |
16.08.2011 |
IDENTIFICATION DETAILS
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Name : |
GLASIMPORT KWINTSHEUL B.V. |
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Registered Office : |
Bovendijk 35, 2295RV Kwintsheul |
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Country : |
Netherlands |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
13.05.1991 |
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Com. Reg. No.: |
27231634 |
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Legal Form : |
Limited Company |
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Line of Business : |
Wholesale of flat glass |
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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Maximum Credit Limit : |
€ 50.000 |
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Status : |
Satisfactory |
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Payment
Behaviour : |
No Complaints |
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Litigation : |
Clear |
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 |
a2 |
a2 |
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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 |
CONTACT
INFORMATION
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Company name |
Glasimport
Kwintsheul B.V. |
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Tradename |
Glasimport Kwintsheul
B.V. |
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Address |
Bovendijk 35 |
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2295RV Kwintsheul |
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Netherlands |
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Mail address |
Postbus 4 |
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2290AA Wateringen |
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Netherlands |
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Telephone number |
0174294340 |
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Telefax number |
0174297120 |
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E-mail address |
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Website |
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VAT number |
800922323 |
CREDIT LIMIT
Credit limit A credit of € 50.000 may be
granted Normal
COMPANY INFORMATION
Handelsregisternummer 27231634
Registered in Chamber of commerce
Den Haag
First registration 13-05-1991
Act of foundation 07-05-1991
Date of constitution 01-01-1991
Legal form Besloten Vennootschap (Limited
Company)
Place of constitution Kwintsheul
Capital EUR 90.756,04
Issued capital EUR 18.151,21
Paid up capital EUR 18.151,21
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NACE-code |
Wholesale of flat glass
(51533) |
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SBI-code |
Wholesale of flat glass
(46734) |
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Formal objective |
Groothandel in alle
soorten vlakglas. (Wholesale all kinds
of flat glass) |
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Employees |
Total: 11 |
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Employees according to
CoC |
Chamber of commerce: 9 |
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Bookyear |
2010 |
2009 |
2008 |
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Number |
11 |
12 |
10 |
|
Change |
-8,33% |
20,00% |
0,00% |
COMPANY STRUCTURE
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Shareholder |
Sagridt B.V. |
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Van Leeuwenhoekstraat 7 |
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2811DW REEUWJK |
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Netherlands |
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KvK: 24401804 |
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Active since: 30-07-2007 |
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Percentage: 100.00% |
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Ultimate parent company |
Futink B.V. |
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Van Leeuwenhoekstraat 7 |
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2811DW REEUWIJK |
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KvK: 29024887 |
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Holding company |
Sagridt B.V. |
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Van Leeuwenhoekstraat 7 |
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2811DW REEUWJK |
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KvK: 24401804 |
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Affiliated companies |
Hogla B.V. |
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Van Leeuwenhoekstraat 7 |
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2811DW REEUWIJK |
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KvK: 29024651 |
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Vetrad B.V. |
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Van Leeuwenhoekstraat 7 |
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2811DW REEUWIJK |
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KvK: 29040646 |
Bankers ABN Amro Bankers NV ING Bankers NV
Rabobank Netherlands
Real estate Lease
The real estate is checked at the
land registration office Object code: WAINRINGEN C 5470 Owner: G.I.K.BEHEER
B.V.
MANAGEMENT
Management Sagridt B.V.
Van
Leeuwenhoekstraat 7
2811DW
REEUWIJK
Netherlands
KvK:
24401804
Authorization:
Fully authorized
Position:
Manager
Date
appointed: 30-07-2007
J.L.E.
Knetemann
Johann
Lucien Edwin
Authorization:
Fully authorized
Position:
Manager
Date
appointed: 01-09-2007
Date
of birth: 03-09-1970
J.
Klemann - Joosten Joyce
Authorization:
Fully authorized
Position:
Proxy
Date
appointed: 14-01-2009
Date
of birth: 23-07-1959
R.G.
Nelissen Robertus Gerardus
Authorization:
Limited authorization (max: € 0)
Position:
Proxy
Date
appointed: 20-06-1991
Date
of birth: 24-09-1954
PAYMENT INFORMATION
Payment experiences Payments are regular
Payments Based on multiple payment experiences up to €
7.500
Quarter: 4 2010: 56 Average days
Quarter: 1 2011: 61 Average days
Quarter: 2 2011: 61 Average days
Quarter: 3 2011: 30 Average days
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invoices |
current quarter |
2011 Q2 |
2011 Q1 |
2010 Q4 |
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Total |
58 |
100% |
10.070 |
11.934 |
13.482 |
13.767 |
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Within terms |
33 |
100,0% |
10.070 |
6.445 |
4.129 |
3.827 |
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Delayed 0 - 30 |
21 |
0,0% |
|
4.489 |
8.978 |
9.940 |
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Delayed 31 - 60 |
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Delayed 61 - 90 |
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Delayed 91 - 120 |
2 |
0,0% |
|
400 |
150 |
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Delayed 120+ days |
2 |
0,0% |
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600 |
225 |
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FINANCIAL INFORMATION
Publication financial statement Annual
accounts 2008 are published on 24-07-2009
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Annual accounts 2007 are
published on 25-07-2008 |
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Type of publication |
Corporate |
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Publication |
Steady |
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CORE FIGURES |
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BOOKYEAR |
2010 |
2009 |
2008 |
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Quick ratio |
0,60 |
1,63 |
0,80 |
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Current ratio |
1,55 |
2,16 |
1,23 |
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Nett workingcapital /
Balance total |
0,27 |
0,37 |
0,11 |
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Capital and reserves /
Balance total |
0,45 |
0,55 |
0,35 |
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Capital and reserves /
Fixed assets |
1,86 |
1,73 |
0,92 |
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Solvency |
0,81 |
1,23 |
0,54 |
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Nett workingcapital |
417.865 |
482.472 |
197.000 |
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Capital and reserves |
694.633 |
726.848 |
604.000 |
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Change capital and
reserves |
-4,43% |
20,34% |
39,81% |
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change short term
liabilities |
82,09% |
-51,61% |
76,12% |
Annual accounts The company is obligated
to publish its annual accounts
Last annual accounts 2010
Tendency Changeable
Tendency
capital and reserves
Capital and reserves 2010 694.633
Total debt 2010 857.854
Current ratio 2010 1,55
Quick ratio 2010 0,60
Nett workingcapital 2010 417.865
Profitability Positive
Solvency Positive
Liquidity Positive
Current-
& Quickratio
BALANCE SHEET
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BOOKYEAR |
2010 |
2009 |
2008 |
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End of bookyear |
31-12-2010 |
31-12-2009 |
31-12-2008 |
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Intangible assets |
20.000 |
|
3.000 |
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Tangible assets |
178.768 |
166.376 |
203.000 |
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Financial assets |
175.500 |
253.500 |
455.000 |
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Fixed assets |
374.268 |
419.876 |
660.000 |
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||||
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Stocks and work in
progress |
723.444 |
217.768 |
371.000 |
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Accounts receivable |
308.881 |
355.278 |
311.000 |
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Liquid assets |
145.894 |
326.991 |
378.000 |
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Current assets |
1.178.219 |
900.037 |
1.060.000 |
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Total assets |
1.552.487 |
1.319.913 |
1.720.000 |
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Capital and reserves |
694.633 |
726.848 |
604.000 |
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other long term debts |
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|
254.000 |
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Long term liabilities |
97.500 |
175.500 |
254.000 |
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Other short term debts |
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|
863.000 |
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Total short term debt |
760.354 |
417.565 |
863.000 |
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Total debt |
857.854 |
593.065 |
1.116.000 |
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Total Liabilities |
1.552.487 |
1.319.913 |
1.720.000 |
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History
Management Since 14-01-2009 is Proxy Joyce Klemann-Joosten
appointed.
Company structure
Futink
B.V. (29024887)
Reeuwijk
Sagridt
B.V. (24401804)
Reeuwjk
Management Relation
Glasimport
Kwintsheul B.V. (27231634)
Kwintsheul
Subsidiary (100%)
Hogla
B.V. (29024651)
Reeuwijk
Subsidiary (100%)
Vetrad
B.V. (29040646)
Reeuwijk
Subsidiary (100%)
Lutimex
B.V. (29034442)
Reeuwijk
Subsidiary (100%)
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.45.37 |
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UK Pound |
1 |
Rs.73.53 |
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Euro |
1 |
Rs.64.37 |
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.