MIRA INFORM REPORT

 

 

Report Date :

23.02.2011

 

IDENTIFICATION DETAILS

 

Name :

VAN SON LIQUIDS B.V.

 

 

Registered Office :

2e Loswal 18, 1216bc Hilversum

 

 

Country :

Netherlands

 

 

Financials (as on) :

31.12.2009

 

 

Date of Incorporation :

28.07.1986

 

 

Com. Reg. No.:

32041559

 

 

Legal Form :

Limited Company

 

 

Line of Business :

Manufacturer of paints

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Maximum Credit Limit :

€ 40.000

Status :

Moderate

Payment Behaviour :

Regular

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 – June 30, 2010

 

Country Name

Previous Rating

                   (01.04.2010)                  

Current Rating

(30.06.2010)

Netherlands

a1

a1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

CONTACTINFORMATION

 

Company name

Van Son Liquids B.V.

Tradename

Van Son Liquids B.V.

Address

2e Loswal 18

 

1216BC HILVERSUM

 

Netherlands

Mail address

Postbus 491

 

1200AL Hilversum

 

Netherlands

Telephone number

0356260930

Telefax number

0356260935

E-mail address

info@vansonliquids.nl

Website

www.vansonliquids.nl

 

 

CREDIT LIMIT    

 

Credit limit

A credit of € 40.000 may be granted

 

 

COMPANY INFORMATION

 

 

Handelsregisternummer

32041559

Registered in Chamber of commerce

Gooi-, Eem- en Flevoland

 

Act of foundation

17-11-1986

Date of constitution

28-07-1986

Continuation date

17-11-1986

Last change in statutes

17-07-1998

Legal form

Besloten Vennootschap (Limited Company)

Place of constitution

Hilversum

Capital

EUR 1.134.450,54

Issued capital

EUR 249.579,12

Paid up capital

EUR 249.579,12

 

 

NACE-code                   Manufacture of paints (2430)

 

SBI-code                       Manufacture of paints, varnishes and similar coatings, printing ink a mastics (203)

 

Formal objective         Het fabriceren en in de handel brengen van drukinkten en aanverwante artikelen, in de ruimste zin, alsmede het waarnemen van agenturen

 

(Manufacturing and marketing of printing inks and related products in the widest sense, and observing agencies)

 

Employees

Total: 0

 

 

Special remarks employees

Only worked with borrowed personnel from the Koninklijke

 

 

Drukinktfabrieken van Son B.V..

 

 

Bookyear

2009

2008

2007

Number

0

0

15

Change

0,00%

-100,00%

0,00%

 

 

COMPANY STRUCTURE

 

Shareholder

Gonte Holding BV PIMPIRIWEG 29 WILLEMSTAD CURACAO

Netherlands

KvK: 32020245

Active since: 15-12-1994

Percentage: 100.00%

 

Holding company

Gonte Holding BV PIMPIRIWEG 29 WILLEMSTAD CURACAO

KvK: 32020245

 

Affiliated companies

Tube Packaging B.V.

Kleine Drift 41

1221JX HILVERSUM

KvK: 05059603

 

Koninklijke Drukinktfabrieken Van Son B.V. Kleine Drift 41

1221JX HILVERSUM

KvK: 32001374

 

Bankers

·         ABN Amro Bankers NV

·         Fortis Bankers (Netherlands) NV

 

Real estate

Lease

 

The real estate is checked at the land registration office

 

Object code: HILVERSUM O 751

 

Owner: GRAVURE & FLEXO BV

 

 

MANAGEMENT

 

Management

J.W. van der Laan

Johannes Wilhelmus

Authorization: Limited authorization

Position: Manager

Date appointed: 01-09-1993

Date of birth: 05-07-1952

 

W.J. van Mastrigt

Willem Johan

Authorization: Fully authorized

Position: Manager

Date appointed: 01-02-2009

Date of birth: 13-11-1958

 

 

PAYMENT INFORMATION

 

Payment experiences     Payments are regular

 

Payments                     Based on multiple payment experiences up to € 7.500

 

Quarter: 2 2010: 60 Average days

Quarter: 3 2010: 63 Average days

Quarter: 4 2010: 60 Average days

Quarter: 1 2011: 40 Average days

 

 

invoices

current quarter

2010

Q4

2010 Q3

2010 Q2

Total

52

100%

11.643

14.330

14.278

14.004

Within terms

22

68,7%

7.994

2.907

3.011

3.530

Delayed 0 - 30

28

31,3%

3.649

11.423

10.312

9.678

Delayed 31 - 60

2

0,0%

 

 

955

796

Delayed 61 - 90

 

Delayed 91 - 120

 

 

 

 

 

 

Delayed 120+ days

 

 

 

FINANCIAL INFORMATION

 

Publication financial statement                Annual accounts 2009 are published on 03-02-2011

Annual accounts 2008 are published on 16-02-2010

Annual accounts 2007 are published on 13-03-2009

 

Type of publication                                  Corporate

 

Publication                                            Publication according to obligations by law

 

 

CORE FIGURES

BOOKYEAR

2009

2008

2007

Quick ratio

0,55

0,87

1,12

Current ratio

0,93

1,35

1,84

Nett workingcapital / Balance

-0,03

0,10

0,15

total

 

 

 

Capital and reserves / Balance

0,33

0,39

0,42

total

 

 

 

Capital and reserves / Fixed

0,49

0,63

0,63

assets

 

 

 

Solvency

0,49

0,65

0,74

Nett workingcapital

-96.000

399.000

615.000

Capital and reserves

1.192.000

1.629.000

1.759.000

Change capital and reserves

-26,83%

-7,39%

22,41%

change short term liabilities

16,43%

54,62%

-72,54%

 

Annual accounts                                    The company is obligated to publish its annual accounts

 

Last annual accounts                             2009

 

Tendency                                              Not to be judged because of the absence of sufficient financial

information

Tendency capital and reserves

 

Capital and reserves       2009 1.192.000

Total debt                      2009 2.450.000

Current ratio                  2009 0,93

Quick ratio                    2009 0,55

Nett workingcapital         2009 -96.000

 

Profitability                                                Negative

Solvency                                               Positive

Liquidity                                                Negative

 

Current- & Quickratio

2 1 0

 

 

 

 

 

 

i

 

i

 

i

 

i

 

2006        2007        2008 2009

1.5

1

0.5

0

:

 

 

 

 

 

i

 

i

 

i

 

i

 

2006        2007        2008 2009

 

 

BALANCE Sheet

 

Currency Euro

BOOKYEAR

2009

2008

2007

End of bookyear

31-12-2009

31-12-2008

31-12-2007

Tangible assets

2.413.000

2.605.000

2.789.000

Fixed assets

2.413.000

2.605.000

2.789.000

 

Stocks and work in progress

503.000

544.000

526.000

Accounts receivable

716.000

864.000

731.000

Liquid assets

10.000

129.000

94.000

Current assets

1.229.000

1.537.000

1.351.000

Total assets

3.642.000

4.142.000

4.140.000

 

Capital and reserves

1.192.000

1.629.000

1.759.000

other long term debts

 

1.375.000

1.645.000

Long term liabilities

1.125.000

1.375.000

1.645.000

Other short term debts

 

1.138.000

736.000

Total short term debt

1.325.000

1.138.000

736.000

Total debt

2.450.000

2.513.000

2.381.000

Total Liabilities

3.642.000

4.142.000

4.140.000

 

 

COMPANY STRUCTURE

 

Gonte Holding BV (32020245)

WILLEMSTAD CURACAO

 

Tube Packaging B.V. (05059603)

HILVERSUM Subsidiary (100%)

 

Koninklijke Drukinktfabrieken Van Son B.V. (32001374)

HILVERSUM Subsidiary (100%)

 

Van Son Liquids B.V. (32041559)

HILVERSUM Subsidiary (100%)

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.45.20

UK Pound

1

Rs.73.07

Euro

1

Rs.61.41

 

 

RATING EXPLANATIONS

 

RATING

STATUS

 

 

PROPOSED CREDIT LINE

>86

Aaa

Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums

 

Unlimited

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

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

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

 

Satisfactory

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

 

Small

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

<10

C

Absolute credit risk exists. Caution needed to be exercised

 

 

Credit not recommended

 

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%)

 

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.