MIRA INFORM REPORT
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Report Date : |
25.03.2011 |
IDENTIFICATION DETAILS
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Name : |
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Registered Office : |
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Country : |
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Financials (as on) : |
31.03.2010 |
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Date of Incorporation : |
26.04.1990 |
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Com. Reg. No.: |
17068047 |
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Legal Form : |
Limited Company |
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Line of Business : |
Manufacturer of
machinery and equipment for industrial cooling and ventilation |
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 : |
€ 400.000 |
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Status : |
Good |
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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 – December 31, 2010
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Country Name |
Previous Rating (30.09.2010) |
Current Rating (31.12.2010) |
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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 |
CONTACTINFORMATION
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Company name |
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Tradename |
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Address |
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5692EB Son |
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Mail address |
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5692EB Son |
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Telephone number |
0402677300 |
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Telefax number |
0402677301 |
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E-mail address |
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Website |
CREDIT LIMIT
A credit of € 400.000 may be
granted Decreased
COMPANY INFORMATION
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Handelsregisternummer |
17068047 |
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Registered in |
Chamber of commerce |
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First registration |
26-04-1990 |
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Act of foundation |
08-03-1990 |
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Date of constitution |
08-03-1990 |
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Last change in statutes |
31-03-2009 |
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Legal form |
Besloten Vennootschap (Limited
Company) |
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Place of constitution |
Acht |
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Capital |
EUR 2.268.901,08 |
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Issued capital |
EUR 453.780,22 |
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Paid up capital |
EUR 453.780,22 |
NACE-code MANUFACTURE
OF MACHINERY AND EQUIPMENT voor industriele koeltechniek en klimaatregeling
(2923)
(Manufacture of machinery and equipment for industrial cooling and
ventilation)
SBI- code MANUFACTURE OF MACHINERY AND EQUIPMENT voor industriele
koeltechniek en
klimaatregeling (2825)
(Manufacture of machinery and equipment for
industrial refrigeration and
air conditioning (2825))
Formal objective Ontwerp,
vervaardiging, sales en reparatie van producten, benodigdheden en machinery
voor
het vloeibaar maken, opnieuw
vloeibaar maken, het transport en de storage and warehousing van vloeibare
gassen, alsmede het verlenen van technische en andere diensten op cryogeen en
aanverwant gebied
(Design, manufacture, sales and repair products, equipment and machinery for
liquefaction, re-liquefaction, transportation and warehousing and storage of
liquefied gases, and the provision of technical and other services at cryogenic
and related fields)
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Employees |
Total: 35 |
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Bookyear |
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2010 |
2009 |
2008 |
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Number |
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35 |
35 |
29 |
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Change |
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0,00% |
20,69% |
0,00% |
COMPANY STRUCTURE
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Shareholder |
DH Industries B.V. |
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Ekkersrijt 4611 |
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5692DR SON |
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KvK: 17110306 |
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Active since: 31-03-2009 |
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Percentage: 100.00% |
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Ultimate parent company |
Amazing Foundation
Administratiekantoor |
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5692EB SON |
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KvK: 17158220 |
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Holding company |
DH Industries B.V. |
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Ekkersrijt 4611 |
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5692DR SON |
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KvK: 17110306 |
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Affiliated companies |
Cold Creek Real Estate B.V. |
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5692EB SON |
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KvK: 17124472 |
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Cryozone B.V. Ekkersrijt 4611 5692DR
SON KvK: 17181405 |
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Combined Technologies
B.V. Ekkersrijt 4611 5692DR
SON KvK: 17247813 |
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Bankers |
ABN Amro Bankers NV
Rabobank Netherlands ING Bankers NV Deutsche Bankers AG |
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Real estate |
Lease Value: € 177.408 The real estate is
checked at the land registration office |
Management
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Management |
R. den Heijer |
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Ronald |
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Authorization: Fully authorized |
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Position: Manager |
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Date appointed: 16-03-1992 |
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Date of birth: 08-06-1959 |
PAYMENT INFORMATION
Payment
experiences Payments are regular
Payments Based on multiple payment
experiences up to € 50.000
·
Quarter:
2 2010: 88 Average days
·
Quarter:
3 2010: 75 Average days
·
Quarter:
4 2010: 66 Average days
·
Quarter:
1 2011: 88 Average days
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invoices |
current quarter |
2010 Q4 |
2010 Q3 |
2010 Q2 |
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Total |
153 |
100% |
146.875 |
147.028 |
145.475 |
144.632 |
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Within terms |
53 |
46,6% |
68.430 |
72.798 |
52.415 |
17.472 |
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Delayed 0 - 30 |
50 |
17,4% |
25.527 |
49.552 |
52.555 |
73.577 |
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Delayed 31 - 60 |
35 |
17,8% |
26.105 |
15.113 |
35.722 |
53.583 |
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Delayed 61 - 90 |
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11,3% |
16.654 |
6.662 |
3.331 |
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Delayed 91 – 120 |
4 |
2,8% |
4.064 |
1.161 |
581 |
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Delayed 120+ days |
4 |
4,1% |
6.095 |
1.742 |
871 |
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FINANCIAL INFORMATION
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Auditor |
Ernst & Young |
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Publication financial statement |
Annual accounts 2010 are published
on 22-02-2011 (Broken accounting year) Annual accounts 2009 are published
on 19-01-2010 (Broken accounting year) Annual accounts 2008 are published
on 27-01-2009 (Broken accounting year) |
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Type of publication |
Corporate |
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Publication |
Steady |
CORE FIGURES
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BOOKYEAR |
2010 |
2009 |
2008 |
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Quick ratio |
2,02 |
1,58 |
1,84 |
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Current ratio |
2,96 |
2,76 |
2,46 |
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Nett workingcapital / Balance
total |
0,63 |
0,58 |
0,55 |
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Capital and reserves / Balance
total |
0,59 |
0,64 |
0,59 |
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Capital and reserves / Fixed
assets |
11,42 |
7,58 |
7,36 |
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Solvency |
1,53 |
1,92 |
1,58 |
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Nett workingcapital |
5.778.384 |
4.663.000 |
4.365.000 |
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Capital and reserves |
5.442.469 |
5.095.000 |
4.727.000 |
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Change capital and reserves |
6,82% |
7,79% |
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change short term liabilities |
10,87% |
-11,26% |
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Operating profit |
462.129 |
404.478 |
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Profitability |
positive |
positive |
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Annual accounts The company is obligated to publish
its annual accounts
Last annual accounts 2010
Tendency Upward
Tendency
capital and reserves
Capital and reserves 2010 5.442.469
Total debt 2010 3.756.133
Current
ratio 2010 2,96
Quick
ratio 2010 2,02
Nett
workingcapita 2010 5.778.384
Profitability Sufficient
BALANCE sheet
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BOOKYEAR |
2010 |
2009 |
2008 |
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End of bookyear |
31-03-2010 |
31-03-2009 |
31-03-2008 |
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Machinery |
359.928 |
---- |
---- |
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Inventory |
116.732 |
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---- |
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Tangible assets |
476.660 |
672.000 |
642.000 |
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Fixed assets |
476.660 |
672.000 |
642.000 |
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Stocks and work in
progress |
2.763.387 |
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---- |
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Trade Debtors |
2.751.494 |
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---- |
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Tax Receivable |
156.438 |
---- |
---- |
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Due from related parties |
79.029 |
---- |
---- |
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Other amount receivable |
364.645 |
---- |
---- |
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Accounts receivables |
3.351.604 |
3.422.000 |
4.790.000 |
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Liquid assets |
2.606.951 |
778.000 |
718.000 |
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Current assets |
8.721.942 |
7.318.000 |
7.357.000 |
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Total assets |
9.198.602 |
7.990.000 |
7.999.000 |
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Capital and reserves |
5.442.469 |
5.095.000 |
4.727.000 |
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Provisions |
210.503 |
240.000 |
280.000 |
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Long term liabilities |
602.072 |
---- |
---- |
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Trade debts suppliers |
1.703.094 |
1.569.000 |
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Debts to credit institutions |
141.664 |
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---- |
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Taxes, remuneration & soc.security |
53.741 |
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---- |
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Debts to related companies |
120.705 |
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---- |
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Other short term debts |
924.354 |
1.085.000 |
2.992.000 |
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Total short term debt |
2.943.558 |
2.655.000 |
2.992.000 |
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Total debt |
3.756.133 |
2.895.000 |
3.272.000 |
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Total Liabilities |
9.198.602 |
7.990.000 |
7.999.000 |
PROFIT & LOSS ACCOUNT
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BOOKYEAR |
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2010 |
2009 |
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Gross profit |
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4.066.299 |
3.953.973 |
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Wages employees |
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2.647.303 |
2.467.276 |
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Depreciation and amortization |
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238.826 |
210.285 |
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Other operating charges |
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718.041 |
871.934 |
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Operating charges |
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3.604.170 |
3.549.495 |
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Operating profit |
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462.129 |
404.478 |
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Financial result |
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-8.825 |
73.252 |
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Result before taxes |
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453.304 |
477.730 |
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Income taxes |
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106.275 |
109.276 |
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Result after taxes |
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347.029 |
368.454 |
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Nett result |
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347.029 |
368.454 |
History
Modifications
Since 31-3-2009 statutes
modified. Since 31-3-2009 name changed to:
Since 12-12-2007 statutes modified.
Company structure
Amazing Foundation
Administratiekantoor (17158220) SON
Amazing B.V. (17247803)
SON
Subsidiary (100%)
DH
Industries B.V. (17110306)
SON
Subsidiary (100%)
Subsidiary (100%)
Cold Creek Real Estate B.V. (17124472)
SON
Subsidiary
Cryozone B.V. (17181405) SON
Subsidiary (100%)
Combined Technologies B.V. (17247813) SON
Subsidiary
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.44.77 |
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1 |
Rs.72.66 |
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Euro |
1 |
Rs.63.06 |
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 |
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.