MIRA INFORM REPORT

Report Date :

19.04.2012

IDENTIFICATION DETAILS

Name :	VAN AALST BULK HANDLING B.V.
Registered Office :	Engelandlaan, Hazerswoude-Dorp, House Or Po Box Number 56, Post Code 2391pn
Country :	Netherlands
Financials (as on) :	31.12.2010
Date of Incorporation :	21.08.1998
Com. Reg. No.:	Not Available
Legal Form :	Private limited liability company (BV) with ordinary structure
Line of Business :	Manufacture of lifting and handling equipment
No. of Employees :	06

RATING & COMMENTS

MIRA’s Rating :

Ba

RATING		STATUS	PROPOSED CREDIT LINE
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory

Maximum Credit Limit :	(€) 155,000
Status :	Satisfactory
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 31^st, 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

Company name & address

Chamber of commerce number	28079870	Company name	Van Aalst Bulk Handling B.V.
Street	Engelandlaan	House or po box number	56
City	HAZERSWOUDE-DORP	Post code	2391PN
Telephone number	0172 213341	Establishment date	21/08/1998
Company type	Private limited liability company (BV) with ordinary structure

Credit information

Company Status	Actief
credit limit (€)	155,000

Turnover	-	results on ordinary operations before tax	-
Net worth	577,292	Purchase limit	-

Ultimate holding company

Company name	Company Number
Van Aalst Investments B.V.	28079892

Payment expectations summary

Payment expectation days		Day sales outstanding
Industry average payment expectation days	25.02	Industry average day sales outstanding	59.90
Suspension of payments / moratorium	no

Payment Information Summary

Total number of Invoices available	1
Total number of Invoices paid within or up to 30 days after the due date	1
Total number of Invoices paid more than 30 days after the due date	0
Total number of Invoices currently outstanding where the due date has not yet been reached	0
Total number of Invoices currently outstanding beyond the due date	0

Court Data Summary

Court action	no
Trading name		Van Aalst Bulk Handling B.V.	Office type	Main Office
Street		Engelandlaan	House or po box number	56
City		HAZERSWOUDE-DORP	Post code	2391PN
Telephone number		0172 213341	Web address	www.vanaalstbulkhandling.com
Company Status		Actief	Company type	Private limited liability company (BV) with ordinary structure
Date of company type change		21/08/1998	Establishment date	21/08/1998
Activity code		2822	Activity description	Manufacture of lifting and handling equipment
Exporter		no	Importer	no
Ceased trading date			Continuance date	08/09/1999
Date of latest accounts		31/12/2010

Mailing address details

Street	Engelandlaan	House or po box number	56
City	HAZERSWOUDE-DORP	Post code	2391PN

Capital details

Nominal capital	90,756	Placed capital	18,151
Deposited capital	18,151

Employees details

Number of employees

6

Director information

A.A. Van Aalst

Balance sheet

Annual accounts	31-12-2010	%	31-12-2009	%	31-12-2008
Weeks	52		52		52
Currency	EUR		EUR		EUR
Consolidated (y/n)	N		N		N
Intangible fixed assets	-	-	-	-	-
Tangible fixed assets	66,937	0.7%	66,465	-54.1%	144,720
Financial fixed assets	1,250	0.00 %	1,250	0.00 %	1,250
Total fixed assets	68,187	0.7%	67,715	-53.6%	145,970
Inventories	133,216	-36.7%	210,286	-48.6%	409,387
Trade Debtors	-	-	-	-	-
Other receivables	337,084	-77.7%	1,508,455	31.8%	1,144,593
Cash	654,330	203.5%	215,582	-67.9%	670,623
Miscellaneous current assets	0	-	0	-	0
Total current assets	1,124,630	-41.9%	1,934,323	-13%	2,224,603
Trade creditors	-	-	-	-	-
Other current liabilities including accruals & defered income	525,725	-70.4%	1,774,756	-42.5%	3,088,469
Total current liabilities	525,725	-70.4%	1,774,756	-42.5%	3,088,469
Total provisions	89,800	109.8%	42,800	-26.1%	57,900
Subordinated loans	-	-	-	-	-
Other long term liabilities	0	-	0	-	0
Total long term debts	89,800	109.8%	42,800	-26.1%	57,900
Issued share capital	18,152	0.00 %	18,152	0.00 %	18,152
Retained earnings	0	-	0	-	0
Revaluation reserve	-	-	-	-	-
Other share capital & reserves	559,140	236.2%	166,330	120.9%	-793,948
Minority interests	-	-	-	-	-
Total shareholders equity	577,292	212.9%	184,482	123.8%	-775,796
Working capital	598,905	275.3%	159,567	118.5%	-863,866
Net worth	577,292	212.9%	184,482	123.8%	-775,796
LONG TERM STABILITY
Gearing	15.56	-32.9%	23.20	411%	-7.46
Equity in percentage	48.40	425.5%	9.21	128.1%	-32.73
Total debt ratio	1.07	-89.1%	9.85	342.6%	-4.06

Payment expectations

Payment expectations days	- This is the guideline expectation based upon our analysis as to this companies payment behaviour in this industry
Day sales outstanding	- The number of days it takes this company to collect their debts

Payment Information Summary

Total number of Invoices available	1
Total number of Invoices paid within or up to 30 days after the due date	1
Total number of Invoices paid more than 30 days after the due date	0
Total number of Invoices currently outstanding where the due date has not yet been reached	0
Total number of Invoices currently outstanding beyond the due date	0

Industry comparison

Activity code	2822
Activity description	Manufacture of lifting and handling equipment
Industry average payment expectations days	25.02 - This is the guideline expectation based upon our analysis as to this companies payment behaviour in this industry
Industry average days sales outstanding	59.90 - Number of days it takes a company to collect their debt (industry average)

Industry quartile analysis

Payment expectations
Company result
Lower	32.84
Median	64.37
Upper	77.39
Day sales outstanding
Company result
Lower	12.45
Median	29.02
Upper

Industry comparison

Activity code	2822
Activity description	Manufacture of lifting and handling equipment
Industry average credit rating	53.97
Industry average credit limit	65,098

Summary

Group - Number of Companies	4
Linkages - Number of Companies	0
Number of Countries	0

Ultimate holding company

Name	Van Aalst Investments B.V.

Holding company (100%)

Name	Plexat B.V.
Street	Tollweide
House or po box number	4
City	KOUDEKERK AAN DEN RIJN
Post code	2396VL

Group Structure

Company name	Number	Latest financials
- Van Aalst Investments B.V.	28079892	31-12-2010
- - Wanga B.V.	28063492	31-12-2010
- - - Plexat B.V.	28077422	31-12-2010
- - - - Van Aalst Bulk Handling B.V.	28079870	31-12-2010

Companies that match this address

Company name	Company Number	Latest Accounts Filed
AHD Aandrijftechniek B.V.	50340913	-
AHD Benelux B.V.	28093476	31/12/2009

Court data

There is no data for this company

Director details

this product is only available for Belgium & Dutch customers.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.51.50
UK Pound	1	Rs.81.99
Euro	1	Rs.67.54

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.