MIRA INFORM REPORT

 

 

Report Date :           

19.03.2011

 

IDENTIFICATION DETAILS

 

Name :

IRDETO B.V. 

 

 

Registered Office :

Taurusavenue 105, 2132LS Hoofddorp

 

 

Country :

Netherlands

 

 

Financials (as on) :

31.12.2008

 

 

Date of Incorporation :

21.06.1979

 

 

Com. Reg. No.:

34073774

 

 

Legal Form :

Limited Company

 

 

Line of Business :

Engineering activities and related technical consultancy on electrotechnics

 

RATING & COMMENTS

 

MIRA’s Rating :

Ca

 

RATING

STATUS

PROPOSED CREDIT LINE

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

 

Status :

Poor

Payment Behaviour :

Slow

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 – December 31, 2010

 

Country Name

Previous Rating

                   (30.09.2010)                  

Current Rating

(31.12.2010)

Netherlands

a2

a2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

CONTACTINFORMATION

 

Company name                                 Irdeto B.V.

 

Tradename                                       Irdeto B.V.

 

Address                                           Taurusavenue 105

2132LS Hoofddorp

Netherlands

Mail address                                     Postbus 3047

2130KA Hoofddorp

Netherlands

 

 

Telephone number                             0235562222

Telefax number                                  0235562591

E-mail address                                  corporate@irdeto.com  

Website                                           www.irdeto.com   

 

 

VAT number                                                                                          NL80310574B01

 

 

CREDIT LIMIT

 

Credit limit                                          Cash payments are preferred.

 

Merger/Split                                      Op 05-10-2010 merger taken place. New registration: Irdeto B.V., 34073774

Ceased registration: Irdeto BSS B.V., 34299118

 

 

 

COMPANY INFORMATION

 

Handelsregisternummer                     34073774

Registered in                                                                                        Chamber of commerce Amsterdam

 

 

Act of foundation                               21-06-1979

Date of constitution                           21-06-1979

Last change in statutes                     05-10-2010

 

 

Legal form                                         Besloten Vennootschap (Limited Company)

 

 

Place of constitution                        Hoofddorp

 

 

Capital                                           EUR 200.000

Issued capital                                 EUR 100.716,94

Paid up capital                                EUR 100.716,94

 

 

 

 

NACE-code                                    Engineering activities and related technical consultancy on electrotechnics

(74204)

SBI-code                                        Engineering activities and related technical consultancy on electrotechnics

(711204)

Formal objective                              Ontwikkeling en sales van industriële en intellectuele property owned en de ontwikkeling en licentiering van systemen ter beveiliging, authentificatie en toegangsauthorisatie - (digitale) informatie en inhoud in digital media assets

(Development and sales of industrial and intellectual property owned and the development and licensing of systems for security, authentication and access authorization - (digital) information and content in digital media assets)

 

 

Employees                                                                                         Total: 168

 

 

Bookyear                                                                    2009                              2008                              2007

Number                                                                           168                                 168                                  90

Change                                                                                                                                                     0,00%                                                             86,67%                                                              76,47%

 

 

COMPANY STRUCTURE

 

Shareholder                                 Irdeto Corporate B.V.

Taurusavenue 105

2132LS HOOFDDORP Netherlands

KvK: 34083174

Active since: 22 -12-1992

Percentage: 100.00%

 

 

Ultimate parent company               MIH Activities of holding companies Limited

990004891783

 

Holding company                            Irdeto Corporate B.V.

Taurusavenue 105

2132LS HOOFDDORP KvK: 34083174

 

Liability declaration                      Irdeto Corporate B.V. (34083174) Taurusavenue 105

2132LS HOOFDDORP

 

 

Bankers                                           ABN Amro Bankers NV

Account number: 54.83.50.922

 

 

 

MAnagement

 

Management                                                    Irdeto Corporate B.V.

Taurusavenue 105

2132LS HOOFDDORP Netherlands

KvK: 34083174

Authorization: Fully authorized

Position: Manager

Date appointed: 13-01-1998

 

 

J.P. Bekker

Jacobus Petrus

Authorization: Fully authorized

Position: Manager

Date appointed: 01-03-2003

Date of birth: 14-12-1952

 

 

G.A. Kill

Graham Andrew

Authorization: Fully authorized

Position: Manager

Date appointed: 01-04-1999

Date of birth: 12-05-1965

 

 

G.H. Knoop

Germon Hans

Authorization: Fully authorized

Position: Manager

Date appointed: 28-06-2010

Date of birth: 19-12-1965

 

 

V. Sgourdos          

Vasileios

Authorization: Fully authorized

Position: Manager

Date appointed: 11-05-2009

Date of birth: 04-01-1970

 

 

 

PAYMENT INFORMATION

 

Payment experiences                        Payments are seriously delayed

Payments                                         Based on multiple payment experiences up to € 50.000

 

Quarter: 2 2010: 90 Average days Quarter: 3 2010: 103 Average days Quarter: 4 2010: 224 Average days Quarter: 1 2011: 210 Average days

 

 

 

Total

109

100%

251.673

236.071

328.654

275.611

Within terms

19

2,2%

5.589

22.356

61.478

103.395

Delayed 0 - 30

27

37,8%

95.161

45.819

155.077

66.965

Delayed 31 - 60

13

1,0%

2.411

2.411

2.411

89.197

Delayed 61 - 90

10

0,0%

 

 

109.688

3.324

Delayed 91 - 120

16

23,6%

59.405

66.194

 

5.092

Delayed 120+ days

24

35,4%

89.107

99.291

 

7.638

 

 

FINANCIAL INFORMATION

 

Auditor                                               PricewaterhouseCoopers

Publication financial statement          Annual accounts 2008 are published on 28-07-2008 (Broken accounting year)

 

Type of publication                           Corporate

Publication                                      Although the statutory deadline, the company's annual documents are not yet published in the register of the Chamber of Commerce.

 

 

  CORE FIGURES

 

BOOKYEAR

 

 

 

2008

 

 

 

2007

Quick ratio

0,00

0,00

Current ratio

0,00

0,00

Nett workingcapital / Balance total

Capital and reserves / Balance total

-0,03

0,53

-0,03

0,97

Capital and reserves / Fixed assets

0,53

0,97

Solvency

1,11

30,36

Nett workingcapital

Capital and reserves

-3.633.599

71.636.043

-2.380.796

72.429.007

Change capital and reserves

change short term liabilities

-1,09%

52,51%

 

 

 

Annual accounts                             Ondanks dat de wettelijke termijn verstreken is, heeft deze onderneming haar jaarstukken nog niet gepubliceerd bij het chamber of commerce van de Chamber of commerce

                                                        (Although the statutory deadline, the company has not published its financial statements to the chamber of commerce of the Chamber of Commerce)

Last annual accounts                       2008

 

 

 

Tendency                                        Declining

 

 

Capital and reserves                        2008 71.636.043

Total debt                                       2008 64.788.531

Current ratio                                    2008 0,00

Quick ratio                                      2008 0,00

Nett workingcapital                          2008 -3.633.599

 

Profitability                                      Negative

Solvency                                         Positive

Liquidity                                          Negative

 

 

BALANCE sheet

Currency in Euro

 

BOOKYEAR

 

 

 

2008

 

 

 

2007

End of bookyear

31-12-2008

31-12-2007

Financial assets

136.419.338

74.809.803

Fixed assets

136.419.338

74.809.803

 

Accounts receivable

 

5.236

 

5.236

Current assets

5.236

5.236

Total assets

136.424.574

74.815.039

 

Capital and reserves

 

71.636.043

 

72.429.007

other long term debts

61.149.696

 

Long term liabilities

61.149.696

 

Other short term debts

3.638.835

2.386.032

Total short term debt

3.638.835

2.386.032

Total debt

64.788.531

2.386.032

Total Liabilities

136.424.574

74.815.039

 

 

Historie

 

Instemmingsverklaringen                         29-09-2010 Over bookyear 2001 is een declaration of agreement gedeponeerd.

Over bookyear 2001 is een declaration of agreement gedeponeerd.

29-09-2010 Over bookyear 2000 is een declaration of agreement gedeponeerd.

Over bookyear 2000 is een declaration of agreement gedeponeerd.

17-08-2010 Over bookyear 2006 is een declaration of agreement gedeponeerd.

Over bookyear 2006 is een declaration of agreement gedeponeerd.

17-08-2010 Over bookyear 2005 is een declaration of agreement gedeponeerd.

Over bookyear 2005 is een declaration of agreement gedeponeerd.

17-08-2010 Over bookyear 2004 is een declaration of agreement gedeponeerd.

Over bookyear 2004 is een declaration of agreement gedeponeerd.

17-08-2010 Over bookyear 2003 is een declaration of agreement gedeponeerd.

Over bookyear 2003 is een declaration of agreement gedeponeerd.

17-08-2010 Over bookyear 2002 is een declaration of agreement gedeponeerd.

Over bookyear 2002 is een declaration of agreement gedeponeerd.

Merger en splitsingen                       Op 05-10-2010 merger taken place. New registration: Irdeto B.V., 34073774

Ceased registration: Irdeto BSS B.V., 34299118.

Op 02-09-2010 merger proposal filed. New registration: Irdeto Access B.V.,

34073774 Ceased registration: Irdeto BSS B.V., 34299118.

Management                                 Since 28-06-2010 manager Germon Hans Knoop

                                                      appointed.

Since 23-02-2010 manager Allen Frederick Pheiffer out of office.

     Since 11-05-2009 manager Vasileios Sgourdos appointed.

     Since 11-05-2009 manager Stephen Francis Ward out of office. Wijzigingen                                                                Since 5-10-2010 amended by statute. Since 6-10-2010 renamed:

      Irdeto B.V..

Overige publicaties                               geconsolideerde jaarcijfers 2007 van Naspers Ltd. Date deponering: 9

December 2008 Type deponering: ex artikel 2:408 BW geconsolideerde jaarcijfers 2008 van Naspers Ltd..

Date deponering: 17 July 2008 Type deponering: ex artikel 2:408 BW

geconsolideerde jaarcijfers 2007 van Napers Ltd..

 

 

 

Company structure

 

MIH Activities of holding companies Limited (990004891783)

 

Myriad International Activities of holding companies B.V. (34099856) HOOFDDORP

Subsidiary (100%)

 

MIH Internet Europe B.V. (24283571) HOOFDDORP

Subsidiary (100%)

 

MIH Ricardo B.V. (34301226) HOOFDDORP

Subsidiary (100%)

 

Podesta Finance B.V. (33204344) HOOFDDORP

Subsidiary (100%)

 

Myriad International Activities of holding companies Asia B.V. (34097195) HOOFDDORP

Subsidiary (100%)

 

Intervision (Services) Activities of holding companies B.V. (34103395) HOOFDDORP

Subsidiary (100%)

 

Multiply Activities of holding companies B.V. (51204797) HOOFDDORP

Subsidiary (100%)

 

MIH LatAm Activities of holding companies B.V. (34115711) HOOFDDORP

Subsidiary (100%)

 

MIH OLX B.V. (24432350) HOOFDDORP

Subsidiary (100%)

 

MIH Brazil Activities of holding companies B.V. (34093407) HOOFDDORP

Subsidiary (100%)

 

MIH Latin America Activities of holding companies B.V. (34299841) HOOFDDORP

Subsidiary (100%)

 

MIH BuscaPe Activities of holding companies B.V. (34299871) HOOFDDORP

Subsidiary (100%)

 

MIH Buscape B.V. (24166097) HOOFDDORP

Subsidiary (100%)

 

MIH BuscaPe International B.V. (34380935) HOOFDDORP

Subsidiary (100%)

 

MIH BuscaPe Brazil2 B.V. (34380943) HOOFDDORP

Subsidiary (100%)

 

Mih Entriq Activities of holding companies B.V. (34122054) HOOFDDORP

Subsidiary (100%)

 

Mih Billing Activities of holding companies B.V. (34122135) HOOFDDORP

Subsidiary (100%)

 

Mih Entriq B.V. (34191941) HOOFDDORP

Subsidiary (100%)

 

Mih Entriq Investments B.V. (34122136) HOOFDDORP

Subsidiary (100%)

 

MediaZone Activities of holding companies B.V. (34243234) HOOFDDORP

Subsidiary (100%)

 

Irdeto Activities of holding companies B.V. (34122126) HOOFDDORP

Subsidiary (100%)

 

Irdeto Corporate B.V. (34083174) HOOFDDORP

Subsidiary (100%)

 

Irdeto B.V. (34073774) Hoofddorp

Subsidiary

 

Irdeto Eindhoven B.V. (34244824) HOOFDDORP

Subsidiary (100%)

 

Mweb Thailand Activities of holding companies B.V. (34122130) HOOFDDORP

Subsidiary (100%)

 

Integrated Business Systems B.V. (34143565) HOOFDDORP

Subsidiary (100%)

 

MIH Germany B.V. (34272155) HOOFDDORP

Subsidiary (100%)

 

MIH Poland Activities of holding companies B.V. (34283050) HOOFDDORP

Subsidiary (100%)

 

MIH Internet B.V. (34288716) HOOFDDORP

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.45.24

UK Pound

1

Rs.72.57

Euro

1

Rs.63.00

 

 

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.