MIRA
INFORM REPORT
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Report Date : |
19.10.2011 |
IDENTIFICATION DETAILS
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Name : |
GRAFISCHE HANDELSONDERNEMING RONALD MEKES B.V. |
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Registered Office : |
Venneveld 1 Roosendaal, 4705 RR |
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Country : |
Netherlands |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
18.05.1993 |
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Com. Reg. No.: |
200694060000 |
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Legal Form : |
Private Subsidiary |
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Line of Business : |
Wholesale of mining, construction and civil engineering machinery |
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 : |
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 – September 30, 2011
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Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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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
Grafische
Handelsonderneming Ronald Mekes B.V.
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Business
Description
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Grafische Handelsonderneming Ronald Mekes B.V. is primarily engaged in
the wholesale distribution of industrial machinery and equipment, not
elsewhere classified. |
Industry
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Industry |
Construction and Agriculture Machinery |
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ANZSIC 2006: |
3411 - Agricultural and Construction
Machinery Wholesaling |
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NACE 2002: |
5182 - Wholesale of mining, construction
and civil engineering machinery |
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NAICS 2002: |
423810 - Construction and Mining (except
Oil Well) Machinery and Equipment Merchant Wholesalers |
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UK SIC 2003: |
5182 - Wholesale of mining, construction and
civil engineering machinery |
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US SIC 1987: |
5084 - Industrial Machinery and Equipment |
Key Executives
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1 - Profit &
Loss Item Exchange Rate: USD 1 = EUR 0.7550783
2 - Balance Sheet Item Exchange Rate: USD 1 = EUR 0.7454064
Corporate Overview
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Corporate Structure News
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Beheermaatschappij Ronald Mekes B.V. |
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Grafische
Handelsonderneming Ronald Mekes B.V. |
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Company Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
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Parent |
Roosendaal, Noord-Brabant |
Netherlands |
Miscellaneous Financial Services |
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Subsidiary |
Roosendaal, Noord-Brabant |
Netherlands |
Construction and Agriculture Machinery |
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Executives Report
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Annual Financial Reports
Annual Balance Sheet
Financials in: USD (mil)
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31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
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Filed Currency |
EUR |
EUR |
EUR |
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Exchange Rate |
0.745406 |
0.696986 |
0.719399 |
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Consolidated |
No |
No |
No |
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Share premium account |
1.3 |
1.4 |
1.4 |
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Other reserves |
-1.1 |
-1.2 |
-0.3 |
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Profit brought forward from previous year(s) |
0.2 |
0.1 |
- |
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Total stockholders equity |
0.5 |
0.3 |
0.2 |
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Provisions and allowances |
0.0 |
0.0 |
0.1 |
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Total long-term liabilities |
1.8 |
1.8 |
1.8 |
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Total current liabilities |
3.3 |
3.4 |
3.7 |
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Total liabilities (including net worth) |
5.7 |
5.6 |
5.7 |
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Total tangible fixed assets |
0.2 |
0.3 |
0.4 |
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Total asset investment |
0.7 |
0.8 |
0.8 |
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Total non-current assets |
0.8 |
1.1 |
1.2 |
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Net stocks and work in progress |
3.6 |
3.0 |
3.0 |
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Total receivables |
1.2 |
1.5 |
1.6 |
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Cash and liquid assets |
0.0 |
0.0 |
0.0 |
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Total current assets |
4.8 |
4.5 |
4.6 |
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Total assets |
5.7 |
5.6 |
5.7 |
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Annual Ratios |
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Financials in:
USD (mil) |
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31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
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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 |
0.745406 |
0.696986 |
0.719399 |
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Consolidated |
No |
No |
No |
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Current ratio |
1.50 |
1.30 |
1.20 |
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Acid test ratio |
0.40 |
0.40 |
0.40 |
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Current liabilities to net worth |
6.56% |
10.00% |
10.00% |
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Fixed assets to net worth |
1.67% |
3.34% |
5.30% |
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Net worth |
0.5 |
0.3 |
0.2 |
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Number of employees |
13 |
13 |
14 |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.49.14 |
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1 |
Rs.77.58 |
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Euro |
1 |
Rs.67.58 |
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.