MIRA INFORM REPORT

 

 

Report Date :

16.04.2012

 

IDENTIFICATION DETAILS

 

Name :

REDOX WATER TECHNOLOGY B.V.

 

 

Registered Office :

Stevinstraat 11 15 7102DZ Winterswijk

 

 

Country :

Netherlands

 

 

Financials (as on) :

31.12.2010

 

 

Date of Incorporation :

04.11.1982

 

 

Com. Reg. No.:

08038650

 

 

Legal Form :

Besloten Vennootschap

 

 

Line of Business :

Manufacture of general purpose machinery       

 

 

No. of Employees :

15

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Moderate

Payment Behaviour :

No Complaints

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, 2012

 

Country Name

Previous Rating

(31.12.2011)

Current Rating

(31.03.2012)

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             Redox Water Technology B.V.

 

Tradename                    Redox Water Technology B.V.

 

Address                        Stevinstraat 11 15

7102DZ Winterswijk

Netherlands

 

Mail address                  Postbus 218

7100AE Winterswijk

Netherlands

 

Telephone number          0543531030

Telefax number             0543519089

E-mail address              info@redox.nl

Website                        www.redox.nl

VAT number / RSIN        006453703

 

 

CREDIT LIMIT

 

Credit limit                                 Cash payments are preferred.

Specification credit limit              The credit of this company has been adjusted downward because of recent negative developments within the group.

 

 

COMPANY INFORMATION

 

Handelsregisternummer 08038650

Registered in                             Chamber of commerce Centraal Gelderland

Act of foundation                        04-11-1982

Date of constitution                    04-11-1982

Last change in statutes              20-09-2001

Legal form                                 Besloten Vennootschap

Place of constitution                   Winterswijk

 

Capital

EUR 22.689,01

Issued capital

EUR 16.336,09

Paid up capital

EUR 16.336,09

 

NACE-code

Manufacture of general purpose machinery (292404)

SBI-code

Manufacture of other general-purpose machinery and equipment n.e.c. (2829)

Formal objective

Het produceren-, ontwikkelen-, in- en verkopen, im- en exporteren van machinery en

 

apparaten in het bijzonder terzake van zowel fysische, chemische en biologische

 

slibbehandeling en afvalwaterzuiveringsinstallaties

 

Employees

Total: 15

 

 

Employees group

Group: 96

 

 

Employees according to CoC

Chamber of commerce: 15

 

 

Bookyear

2012

2010

2009

Number

15

22

15

Change

-31,82%

46,67%

15,38%

 

 

COMPANY STRUCTURE

 

Shareholder                               Colubris Environment B.V.

Stevinstraat 11 15

7102DZ WINTERSWIJK

Netherlands

KvK: 08040037

Active since: 20-07-2001

Percentage: 100.00%

 

Ultimate parent company            G.W. van den Hurk Holding B.V.

Laan van Napoleon 34

7101PK WINTERSWIJK

KvK: 08062575

 

Holding company                       Colubris Environment B.V.

Stevinstraat 11 15

7102DZ WINTERSWIJK

KvK: 08040037

 

Affiliated companies                   TO Amersfoort B.V.

Zonnehof 17

3811ND Amersfoort

KvK: 08051029

 

Seder Investments B.V.

Stevinstraat 11

7102DZ WINTERSWIJK

KvK: 08065581

 

Colubris Technologies B.V.

Stevinstraat 15

7102DZ WINTERSWIJK

KvK: 08071077

 

Ingenieursbureau Schneider B.V.

Tinbergenstraat 11

7102JK WINTERSWIJK

KvK: 09067498

 

UCY Waste Water to Energy B.V.

Stevinstraat 15

7102DZ WINTERSWIJK

KvK: 09187911

 

K Pack Water Technology B.V.

Hardwareweg 4

3821BM AMERSFOORT

KvK: 09204398

 

Colubris Management Support & Accounting B.V.

Stevinstraat 11

7102DZ WINTERSWIJK

KvK: 54101514

 

Company structure                     TO AMERSFOORT BV (Besloten Vennootschap), Amersfoort (Eastern Utrecht) with registration number 08051029 has been declared bankrupt by the court in Utrecht.

Appointed as a trustee is Mr. R.H. Smink. The number of the insolvency is F.12/70., TO AMERSFOORT BV is active in the industry, Collection and treatment, recycling industries.

 

Bank                                         Rabobank Netherlands

 

Real estate

Group-property owned

 

The real estate is checked at the land registration office

 

Object code: WINTERSWIJK H 10161

 

Owner: COLUBRIS ENVIRONMENT B.V.

 

 

MANAGEMENT   

 

Management

Colubris Environment B.V.

 

Stevinstraat 11 15

 

7102DZ WINTERSWIJK

 

Netherlands

 

KvK: 08040037

 

Authorization: Fully authorized

 

Position: General director

 

Date appointed: 20-07-2001

 

 

PAYMENT INFORMATION

 

Payment experiences                 Payments are regular

 

Payments                                 Based on multiple payment experiences up to € 1.000

Quarter: 3 2011: 96 Average days

Quarter: 4 2011: 87 Average days

Quarter: 1 2012: 84 Average days

Quarter: 2 2012: 78 Average days

 

 

FINANCIAL INFORMATION

 

Publication financial statement    Annual accounts 2010 are published on 25-01-2012

Annual accounts 2009 are published on 30-06-2011

Annual accounts 2008 are published on 17-02-2010

Annual accounts 2007 are published on 09-01-2009

Type of publication                     Corporate

Publication                                Publication according to obligations by law

 

 

CORE FIGURES       

           

BOOKYEAR

2010

2009

2008

Quick ratio

1,18

1,07

1,51

Current ratio

1,18

1,07

1,51

Nett workingcapital / Balance total

0,13

0,06

0,34

Capital and reserves / Balance total

0,25

0,07

0,34

Capital and reserves / Fixed assets

2,08

21,09

46,88

Solvency

0,34

0,07

0,53

Nett workingcapital

124.463

136.455

366.000

Capital and reserves

239.604

143.246

375.000

Change capital and reserves

67,27%

-61,80%

-51,42%

change short term liabilities

-65,60%

185,33%

34,72%

 

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 239.604

Total debt                                  2010 700.829

Current ratio                              2010 1,18

Quick ratio                                2010 1,18

Nett workingcapital                     2010 124.463

 

Profitability                    To be followed

Solvency                       To be followed

Liquidity                        Moderate

 

Current- & Quickratio

 

 

 

 

 

BALANCE

 

 

 

BOOKYEAR

2010

2009

2008

End of bookyear

             31-12-2010

  31-12-2009

      31-12-2008

Intangible assets

3.551

4.671

6.000

Tangible assets

111.590

2.120

3.000

Fixed assets

115.141

6.791

8.000

 

Accounts receivable

825.292

2.128.164

1.058.000

Liquid assets

 

45.538

22.000

Current assets

825.292

2.173.702

1.080.000

Total assets

940.433

2.180.493

1.089.000

 

Capital and reserves

239.604

143.246

375.000

Other short term debts

700.829

2.037.247

714.000

Total short term debt

700.829

2.037.247

714.000

Total debt

700.829

2.037.247

714.000

Total Liabilities

940.433

2.180.493

1.089.000

Company structure

 

• G.W. van den Hurk Holding B.V. (08062575) WINTERSWIJK

o Overbeek Installatie & Techniek B.V. (54296080) WINTERSWIJK Subsidiary (100%)

o Colubris Environment B.V. (08040037) WINTERSWIJK Management relation

■ Redox Water Technology B.V. (08038650) Winterswijk

Subsidiary (100%)

■            TO Amersfoort B.V. (08051029) Amersfoort

Subsidiary (100%) Calamity: Default

· Seder Investments B.V. (08065581)

WINTERSWIJK

Subsidiary (100%)

Colubris Technologies B.V. (08071077)

WINTERSWIJK

Subsidiary (100%)

Ingenieursbureau Schneider B.V. (09067498) WINTERSWIJK Subsidiary (100%)

UCY Waste Water to Energy B.V. (09187911)

WINTERSWIJK

Subsidiary (100%)

K Pack Water Technology B.V. (09204398)

AMERSFOORT

Subsidiary (100%)

Colubris Management Support & Accounting B.V. (54101514) WINTERSWIJK

 

Subsidiary (100%) o Derejo Holding B.V. (09211897)

WINTERSWIJK

Management relation

■ DBC Kunststof Kozijnen B.V. (09091783) EIBERGEN

Subsidiary (100%)

Calamity: Default

■   D.B.C. Solutions B.V. (09214311) EIBERGEN

Subsidiary (100%)

■ Koop Kozijnen B.V. (09218256)

ARNHEM

Subsidiary (100%)

Calamity: Default

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.51.42

UK Pound

1

Rs.81.93

Euro

1

Rs.67.67

 

 

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

--

NB

                                       New Business

 

--

 

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.