MIRA INFORM REPORT

 

 

Report Date :

21.08.2012

 

IDENTIFICATION DETAILS

 

Name :

HOUCON CARGO SYSTEMS B.V.

 

 

Registered Office :

Alexander Bellstraat 7, Oud-Beijerland, 3261 LX

 

 

Country :

Netherlands

 

 

Financials (as on) :

31.12.2010

 

 

Date of Incorporation :

10.05.1996

 

 

Com. Reg. No.:

23081496

 

 

Legal Form :

Private Independent Company

 

 

Line of Business :

manufacturer of hand operated or power driven lifting, handling, loading or unloading machinery

 

 

No. of Employees :

05 employees

 

 

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 :

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 – March 31st, 2012

 

Country Name

Previous Rating

(31.12.2011)

Current Rating

(31.03.2012)

Netherlands

A2

A2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 

Company name & address 

 

Houcon Cargo Systems B.V.

Alexander Bellstraat 7

Oud-Beijerland, 3261 LX

Netherlands

Tel:       +31 0186-620930

 

 

Synthesis

 

Employees:                   05

Company Type:             Private Independent

Incorporation Date:         10-May-1996    

Financials in:                 USD (Millions)

Fiscal Year End:            31-Dec-2010

Reporting Currency:       Euro

Annual Sales:               NA

Total Assets:                 1.7

 

 

Business Description     

 

Houcon Cargo Systems B.V. is primarily engaged in manufacture of hand operated or power driven lifting, handling, loading or unloading machinery (pulley tackle and hoists, winches, capstans and jacks; derricks, cranes, mobile lifting frames, straddle carriers, etc.; works trucks, whether or not fitted with lifting or handling equipment whether or not self-propelled, of the type used in factories;mechanical manipulators and industrial robots specifically designed for lifting, handling, loading or unloading); manufacture of conveyors, teleferics, etc.; and manufacture of lifts, escalators and moving walkways. This class also includes: maintenance of lifts and escalators.

 

Industry             

Industry            Construction and Agriculture Machinery

ANZSIC 2006:    2462 - Mining and Construction Machinery Manufacturing

NACE 2002:      2922 - Manufacture of lifting and handling equipment

NAICS 2002:     33392 - Material Handling Equipment Manufacturing

UK SIC 2003:    2922 - Manufacture of lifting and handling equipment

US SIC 1987:    3536 - Overhead Traveling Cranes, Hoists, and Monorail Systems

 

Registered No.(NLD):   23081496

 

1 - Profit & Loss Item Exchange Rate: USD 1 = EUR 0.7550783

2 - Balance Sheet Item Exchange Rate: USD 1 = EUR 0.7454064

 

Corporate Overview

 

Location

Alexander Bellstraat 7

Oud-Beijerland, 3261 LX

Netherlands

Tel:       +31 0186-620930

           

Sales EUR(mil):             NA

Assets EUR(mil):           1.3

Employees:                   05

Fiscal Year End:            31-Dec-2010

Industry:                        Construction and Agriculture Machinery

Incorporation Date:         10-May-1996

Company Type:             Private Independent

Quoted Status:              Not Quoted

Registered No.(NLD):     23081496

 

Contents

·         Industry Codes

Business Description

Financial Data

Key Corporate Relationships

 

Industry Codes

 

ANZSIC 2006 Codes:

2462     -          Mining and Construction Machinery Manufacturing

 

NACE 2002 Codes:

2922     -          Manufacture of lifting and handling equipment

 

NAICS 2002 Codes:

33392   -          Material Handling Equipment Manufacturing

 

US SIC 1987:

3536     -          Overhead Traveling Cranes, Hoists, and Monorail Systems

 

UK SIC 2003:

2922     -          Manufacture of lifting and handling equipment

 

Business Description

Houcon Cargo Systems B.V. is primarily engaged in manufacture of hand operated or power driven lifting, handling, loading or unloading machinery (pulley tackle and hoists, winches, capstans and jacks; derricks, cranes, mobile lifting frames, straddle carriers, etc.; works trucks, whether or not fitted with lifting or handling equipment whether or not self-propelled, of the type used in factories;mechanical manipulators and industrial robots specifically designed for lifting, handling, loading or unloading); manufacture of conveyors, teleferics, etc.; and manufacture of lifts, escalators and moving walkways. This class also includes: maintenance of lifts and escalators.

 

 

Financial Data

Financials in:

EUR(mil)

 

Assets:

1.3

Current Assets:

1.3

 

Total Liabilities:

1.3

 

Net Worth:

0.1

 

 

 

Date of Financial Data:

31-Dec-2010

 

1 Year Growth

NA

 

Key Corporate Relationships

Bank:

ING Bank NV

 

 

 

 

 

 

 

 

 

 

Annual Financial Reports

 

Annual Balance Sheet

Financials in: USD (mil)

 

 

 

31-Dec-2010

31-Dec-2009

31-Dec-2008

Filed Currency

EUR

EUR

EUR

Exchange Rate

0.745406

0.696986

0.719399

Consolidated

No

No

No

 

 

 

 

Other reserves

0.1

0.5

0.9

Total stockholders equity

0.1

0.5

0.9

Provisions and allowances

0.0

0.0

0.0

Total current liabilities

1.6

2.6

3.7

Total liabilities (including net worth)

1.7

3.2

4.6

Total tangible fixed assets

-

0.0

0.1

Total non-current assets

-

0.0

0.1

Net stocks and work in progress

1.1

1.8

1.6

Total receivables

0.6

1.1

2.3

Cash and liquid assets

0.0

0.2

0.6

Total current assets

1.7

3.1

4.5

Total assets

1.7

3.2

4.6

 

Annual Ratios

Financials in: USD (mil)

 

 

 

31-Dec-2010

31-Dec-2009

31-Dec-2008

Period Length

12 Months

12 Months

12 Months

Filed Currency

EUR

EUR

EUR

Exchange Rate

0.745406

0.696986

0.719399

Consolidated

No

No

No

 

 

 

 

Current ratio

1.10

1.20

1.20

Acid test ratio

0.40

0.50

0.80

Current liabilities to net worth

10.00%

4.83%

4.17%

Fixed assets to net worth

-

0.09%

0.14%

Net worth

0.1

0.5

0.9

Number of employees

5

5

4

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.55.70

UK Pound

1

Rs.87.55

Euro

1

Rs.68.85

 

INFORMATION DETAILS

 

Report Prepared by :

MNL

 

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%)

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This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.