MIRA INFORM REPORT

 

 

Report Date :

01.12.2012

 

IDENTIFICATION DETAILS

 

Correct Name :

LOON- EN MECHANISATIEBEDRIJF WOPA-LICHTENVOORDE B.V.

 

 

Registered Office :

Rector Hulshofstraat 10, 7135JV Harreveld

 

 

Country :

Netherlands

 

 

Financials (as on) :

31.12.2010

 

 

Date of Incorporation :

24.05.1984

 

 

Com. Reg. No.:

08040650

 

 

Legal Form :

Limited Company

 

 

Line of Business :

Agriculture and horticulture services

 

 

No. of Employees :

52 employees

 

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

 

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 – June 30th, 2012

 

Country Name

Previous Rating

(31.03.2012)

Current Rating

(30.06.2012)

Netherlands

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 

Netherlands - ECONOMIC OVERVIEW

 

The Dutch economy is the fifth-largest economy in the euro-zone and is noted for its stable industrial relations, moderate unemployment and inflation, a sizable trade surplus, and an important role as a European transportation hub. Industrial activity is predominantly in food processing, chemicals, petroleum refining, and electrical machinery. A highly mechanized agricultural sector employs only 2% of the labor force but provides large surpluses for the food-processing industry and for exports. The Netherlands, along with 11 of its EU partners, began circulating the euro currency on 1 January 2002. After 26 years of uninterrupted economic growth, the Dutch economy - highly dependent on an international financial sector and international trade - contracted by 3.5% in 2009 as a result of the global financial crisis. The Dutch financial sector suffered, due in part to the high exposure of some Dutch banks to U.S. mortgage-backed securities. In 2008, the government nationalized two banks and injected billions of dollars of capital into other financial institutions, to prevent further deterioration of a crucial sector. The government also sought to boost the domestic economy by accelerating infrastructure programs, offering corporate tax breaks for employers to retain workers, and expanding export credit facilities. The stimulus programs and bank bailouts, however, resulted in a government budget deficit of 5.3% of GDP in 2010 that contrasted sharply with a surplus of 0.7% in 2008. The government of Prime Minister Mark RUTTE began implementing fiscal consolidation measures in early 2011, mainly reductions in expenditures, which resulted in an improved budget deficit of 3.8% of GDP.

 

Source : CIA

 

CONTACTINFORMATION

 

Company name

Loon- en Mechanisatiebedrijf Wopa-Lichtenvoorde B.V.

 

 

Tradename

Loon- en Mechanisatiebedrijf Wopa-Lichtenvoorde B.V.

 

 

Address

Rector Hulshofstraat 10

 

7135JV Harreveld

 

Netherlands

 

 

Mail address

Postbus 44

 

7130AA Lichtenvoorde

 

Netherlands

Telephone number

0544372415

Telefax number

0544372445

E-mail address

info@wopa.nl

Website

unknown

 

 

VAT number / RSIN

006455918

 

 

Branch(es)

Loon- en Mechanisatiebedrijf Wopa-Lichtenvoorde B.V. (08040650.0001)

 

Rector Hulshofstraat 10 /A

 

7135JV HARREVELD

 

Loon- en Mechanisatiebedrijf Wopa-Lichtenvoorde B.V. (08040650.0002)

 

Rector Hulshofstraat 10 /A

 

7135JV HARREVELD

 

Loon- en Mechanisatiebedrijf Wopa-Lichtenvoorde B.V. (08040650.0003)

 

Rector Hulshofstraat 10 /A

 

7135JV HARREVELD

 

 

COMPANY INFORMATION

 

Handelsregisternummer              08040650

Registered in Chamber of commerce       Centraal Gelderland

Act of foundation                                    24-05-1984

Date of constitution                                24-05-1984

Legal form                                             Besloten Vennootschap (Limited Company)

Place of constitution                               Lichtenvoorde

Issued capital                                        16.336,09

Paid up capital                                       16.336,09

NACE-code                                           Agriculture and horticulture services (01412)

SBI-code                                               Support activities for crop production (0161)

Repair and maintenance of machinery for agriculture and forestry (no tractors) (331231)

Formal objective                         Loonwerkersbedrijf, grondverzetbedrijf, in- en sales van landbouwwerktuigen.

Fabricage van klauwverzorgingsboxen en gereedschappen voor dieren.

 

(Contractors Company, earthmoving company, and sales of agricultural equipment. Manufacture of foot care boxes and tools for animals)

 

Employees Total:                       52

Employees according to CoC      Chamber of commerce: 52

 

Bookyear                                 2012                 2010                 2009

Number                                     52                     46                     48

Change                                     13,04%             -4,17%              84,62%

 

Bank Rabobank                                     Netherlands

 

 

MANAGEMENT

 

Management                 R.J.M. Paul

Ronald Johannes Maria

Authorization: Fully authorized

Position: Manager

Date appointed: 21-12-1995

Date of birth: 05-11-1965

 

J.W.A. Wopereis

Johannes Wilhelmus Antonius

Authorization: Fully authorized

Position: Manager

Date appointed: 21-12-1995

Date of birth: 18-10-1970

 

 

PAYMENT INFORMATION

 

Payment experiences     Payments are regular

 

Payments                     Based on multiple payment experiences up to € 50.000

Quarter: 1 2012: 53 Average days

Quarter: 2 2012: 54 Average days

Quarter: 3 2012: 70 Average days

Quarter: 4 2012: 53 Average days

 

 

 

invoices

current quarter

2012 Q3

2012 Q2

2012 Q1

Total

89

100%

67.480

72.608

67.683

66.235

Within terms

34

41,5%

28.009

6.556

26.818

30.989

Delayed 0 - 30

50

57,5%

38.822

63.458

39.568

31.356

Delayed 31 - 60

5

1,0%

649

2.594

1.297

3.890

 

 

FINANCIAL INFORMATION

 

Publication                                Publication according to obligations by law

 

Publication financial statement

Annual accounts 2010 are published on 26-04-2011

Annual accounts 2008 are published on 18-02-2010

Annual accounts 2007 are published on 03-03-2009

Type of publication

Publication

Corporate

Publication according to obligations by law

 

 

CORE FIGURES

 

 

 

BOOKYEAR

2010

2009

2008

Quick ratio

1,80

2,17

1,73

Current ratio

2,62

3,69

2,49

Nett workingcapital / Balance total

0,61

0,72

0,59

Capital and reserves / Balance total

0,62

0,73

0,60

Capital and reserves / Fixed assets

65,94

65,22

65,79

Solvency

1,65

2,73

1,51

Nett workingcapital

1.801.485

1.781.671

1.814.000

Capital and reserves

1.829.227

1.809.413

1.842.000

Change capital and reserves

1,10%

-1,77%

4,84%

change short term liabilities

67,73%

-45,63%

-10,56%

 

Annual accounts                        The company is obligated to publish its annual accounts

Last annual accounts                 2010

 

Capital and reserves                   2010 1.829.227

Total debt                                  2010 1.111.721

Current ratio                              2010 2,62

Quick ratio                                2010 1,80

Nett workingcapital                     2010 1.801.485

Profitability                                Nil

Solvency                                   More than sufficient

Liquidity                                    More than sufficient

 

 

 

Balance sheet

 

BALANCE

 

 

 

BOOKYEAR

2010

2009

2008

End of bookyear

31-12-2010

31-12-2009

31-12-2008

Financial assets

27.742

27.742

28.000

Fixed assets

27.742

27.742

28.000

 

Stocks and work in progress

917.081

1.006.905

925.000

Accounts receivable

1.676.485

1.349.384

1.855.000

Liquid assets

319.640

88.180

253.000

Current assets

2.913.206

2.444.469

3.033.000

Total assets

2.940.948

2.472.211

3.061.000

 

Capital and reserves

1.829.227

1.809.413

1.842.000

Other short term debts

 

 

1.219.000

Total short term debt

1.111.721

662.798

1.219.000

Total debt

1.111.721

662.798

1.219.000

Total Liabilities

2.940.948

2.472.211

3.061.000

 

 

Company structure

 

Loon- en Mechanisatiebedrijf Wopa-Lichtenvoorde B.V. (08040650)

Harreveld

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.54.53

UK Pound

1

Rs.87.48

Euro

1

Rs.70.89

 

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%)

 

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.