MIRA INFORM REPORT

 

 

Report Date :

20.12.2012

 

IDENTIFICATION DETAILS

 

Name :

HAAS-MONDOMIX B.V.

 

 

Registered Office :

Postbus 30226 1303AE Almere

 

 

Country :

Netherlands

 

 

Financials (as on) :

31.12.2010

 

 

Date of Incorporation :

19.03.2002

 

 

Reg. No.:

32090739

 

 

Legal Form :

Private Company

 

 

Line of Business :

Manufacture of machinery for food

 

 

No. of Employees :

67

 

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 but Correct

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

(31.03.2011)

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                         HAAS-MONDOMIX B.V.

 

Tradename                                Haas-Mondomix B.V.

 

Address                                    Damsluisweg 41

1332EA Almere

Netherlands

Mail address                             Postbus 30226

1303AE Almere

Netherlands

 

Telephone number                     0365210999

Telefax number                         0365210900

 

E-mail address                          info@mondomix.nl

Website                                    www.mondomix.nl

 

VAT number / RSIN                   810516901

 

 

 

COMPANY INFORMATION

 

Handelsregisternummer             32090739

Registered in                             Chamber of commerce Gooi-, Eem- en Flevoland

 

First registration                                    08-04-2002

Act of foundation                      05-04-2002

Date of constitution                   19-03-2002

Continuation date                      05-04-2002

 

Legal form                                Private Company

 

Place of constitution                 Nederhorst den Berg

 

Issued capital                            500.000

Paid up capital                          500.000

 

NACE-code                               Manufacture of machinery for food (2953)

SBI-code                                  Manufacture of machinery for food, beverage and tobacco processing (2893)

Formal objective                       The manufacture and assembly of, and trading in equipment, machinery and parts there of

 

Employees                               Total: 67

 

Employees according to CoC    Chamber of commerce: 67

Bookyear                                              2012                 2011                 2010

Number                                                 67                     65                     65

Change                                                 3,08%               0,00%               -2,99%

 

 

COMPANY STRUCTURE

 

Shareholder

Name: Franz Haas Waffel- und Keksanlagen-Industrie GmbH Office address: Gerstlgasse 25, 1210 Wien, Austria

Registered in: Firmenbuch Wenen, Austria with registration number FN 229309 Only shareholder since: 03-09-2008

Company structure

Name: Franz Haas Waffel- und Keksanlagen-Industrie GmbH Office address: Gerstlgasse 25, 1210 Wien, Austria

Registered in: Firmenbuch Wenen, Austria with registration number FN 229309 Holding company

 

 

Bank                             ING Bank NV

Account number:           67.14.10.997

 

 

MANAGEMENT

 

Management                 W. van den Bosch

Willem

Authorization: Fully authorized

Position: Manager

Date appointed: 01-07-2011

Date of birth: 02-05-1966

 

S.A.M. Derks

Sebastianus Arnoldus Maria

Authorization: Fully authorized

Position: Manager

Date appointed: 01-12-2009

Date of birth: 26-10-1965

Other directorships:

- Proxy: Nawi B.V. - Borculo (KvK: 08049717)

 

C.A. van Riemsdijk

Caspar Arnoud

Betreft

Authorization: Limited authorization

Position: Proxy

Date appointed: 01-08-2010

Date of birth: 25-10-1962

 

PAYMENT INFORMATION

 

Payment experiences    Payments are regular, no complaints are known

Payments                     Based on multiple payment experiences up to € 50.000

Quarter: 1 2012: 47 Average days

Quarter: 2 2012: 47 Average days

Quarter: 3 2012: 43 Average days

Quarter: 4 2012: 43 Average days

 

 

invoices

current quarter

2012 Q3

2012 Q2

2012 Q1

Total

211

100%

375.709

371.903

373.678

373.753

Within terms

136

69,9%

262.592

258.786

239.758

228.341

Delayed 0 - 30

72

30,1%

113.117

113.117

127.712

142.308

Delayed 31 - 60

3

0,0%

 

 

6.208

3.104

Delayed 61 - 90

 

 

 

 

 

 

Delayed 91 - 120

 

 

 

 

 

 

Delayed 120 + days

 

 

 

 

 

 

 

 

FINANCIAL INFORMATION

 

Auditor                                                 BDO WALGEMOED CAMPSOBERS UTRECHT

Publication financial statement   Annual accounts 2010 are published on 14-11-2011

Annual accounts 2009 are published on 31-05-2010

Annual accounts 2008 are published on 13-07-2009

Annual accounts 2007 are published on 02-04-2008

 

Type of publication                   Corporate

Publication                                Publication according to obligations by law

 

CORE FIGURES

 

 

 

BOOKYEAR

2010

2009

2008

Quick ratio

1,08

1,09

0,90

Current ratio

1,40

1,40

1,33

Nett workingcapital / Balance total

0,22

0,21

0,17

Capital and reserves / Balance total

0,44

0,47

0,45

Capital and reserves / Fixed assets

1,81

1,74

1,50

Solvency

0,83

0,89

0,86

Nett workingcapital

1.809.667

1.756.596

1.576.000

Capital and reserves

3.724.040

3.881.606

4.139.000

Change capital and reserves

-4,06%

-6,22%

62,06%

change short term liabilities

3,78%

-10,19%

-6,00%

Operating profit

-811.170

-231.672

1.770.000

Profitability operating profit

negative

negative

positive

 

 

Annual accounts                        The company is obligated to publish its annual accounts

Last annual accounts                 2010

Type of publication                   Corporate

Gross profit                              2010: 5.583.287

2009: 6.244.313

2008: 8.541.000

2007: 8.453.000

2006: 7.506.000

Operating profit                                     2010: -811.170

2009: -231.672

2008: 1.770.000

2007: 2.596.000

2006: 1.376.000

Result after taxes                      2010: -406.803

2009: 270.346

2008: 1.459.000

2007: 2.006.000

2006: 1.374.000

 

Tendency                                 

Tendency capital and reserves

 

 

 

 

 

 

 

Capital and reserves                              2010 3.724.040

Total debt                                             2010 4.653.287

Current ratio                                          2010 1,40

Quick ratio                                            2010 1,08

Nett workingcapital                                2010 1.809.667

 

Profitability                                           Negative

Solvency                                              Positive

Liquidity                                                Reasonable

 

Current- & Quickratio

 


Balance

 

BOOKYEAR

2010

2009

2008

End of bookyear

31-12-2010

31-12-2009

31-12-2008

Intangible assets

921.064

1.384.957

1.877.000

Tangible assets

245.347

285.975

325.000

Financial assets

891.702

563.628

550.000

Fixed assets

2.058.113

2.234.560

2.752.000

 

Stocks and work in progress

1.450.605

1.365.474

2.065.000

Trade debtors

1.958.794

1.357.545

 

Accounts receivable

3.214.691

4.735.478

4.347.000

Liquid assets

1.653.918

852

1.000

Current assets

6.319.214

6.101.804

6.414.000

Total assets

8.377.327

8.336.364

9.166.000

 

Capital and reserves

3.724.040

3.881.606

4.139.000

Provisions

143.740

109.550

189.000

Other short term debts

1.178.314

912.655

4.838.000

Total short term debt

4.509.547

4.345.208

4.838.000

Total debt

4.653.287

4.454.758

5.026.000

Total Liabilities

8.377.327

8.336.364

9.166.000

 

PROFIT & LOSS ACCOUNT

 

 

 

BOOKYEAR

2010

2009

2008

Gross profit

5.583.287

6.244.313

8.541.000

Wages employees

4.238.840

4.068.433

3.982.000

Depreciation and amortization

611.933

626.366

613.000

Other operating charges

1.543.684

1.781.186

2.176.000

Operating charges

6.394.457

6.475.985

6.771.000

Operating profit

-811.170

-231.672

1.770.000

Financial income

9.253

13.063

78.000

Financial charges

4.545

12.289

29.000

Financial result

4.708

774

49.000

Result participations

131.324

176.146

87.000

Result before taxes

-675.138

-54.752

1.906.000

Income taxes

-268.335

11.705

479.000

Result after taxes

-406.803

-66.457

1.427.000

Extraordinary income

 

513.821

32.000

Extraordinary charges

 

177.018

 

Extraordinary result

 

336.803

32.000

Taxes on extraordinary result

 

336.803

32.000

Extraordinary result after taxes

 

336.803

32.000

Nett result

-406.803

270.346

1.459.000

 

 

History

 

Management                             Per 01-07-2011 manager Willem van den Bosch appointed.

Per 30-04-2011 manager Hans-Peter Bernhard Meyer out of office.

Per 01-08-2010 is Proxy Caspar Arnoud van Riemsdijk appointed.

Per 01-08-2010 is Proxy Johannes Gerardus Cornelis van der Meer out of office.

Per 01-06-2010 manager Hendrikus Boswinkel out of office.

Per 01-12-2009 manager Sebastianus Arnoldus Maria Derks appointed.

Per 24-06-2009 manager Dick Heek out of office.

 

 

Company structure

 

  • Haas-Mondomix B.V. (32090739)

Almere

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.54.73

UK Pound

1

Rs.89.02

Euro

1

Rs.72.48

 

 

INFORMATION DETAILS

 

Report Prepared by :

SDA

 

 

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.