MIRA INFORM REPORT
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Report Date : |
19.03.2012 |
IDENTIFICATION DETAILS
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Name : |
EQUFLOW B.V. |
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Registered Office : |
Langakker 5 f, 5371EV Ravenstein |
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Country : |
Netherlands |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
29.11.1993 |
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Com. Reg. No.: |
12031282 |
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Legal Form : |
Limited Company |
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Line of Business : |
Manufacture of instruments for measuring, testing, navigation and
controlling |
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No. of Employees
: |
05 |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
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 |
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Status : |
Moderate |
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Payment
Behaviour : |
Slow |
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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 – September 30th, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
Netherlands |
a2 |
a2 |
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Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
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Company name |
Equflow B.V. |
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Tradename |
Equflow
B.V. |
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Address |
Langakker
5 f |
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|
5371EV
Ravenstein |
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|
Netherlands |
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Mail address |
Postbus
35 |
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5370AA
Ravenstein |
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Netherlands |
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Telephone number |
0243886611 |
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Telefax number |
0243739383 |
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E-mail address |
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Website |
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VAT number / RSIN |
802667995 |
Credit limit Cash
payments are preferred.
Handelsregisternummer 12031282
Registered in Chamber
of commerce Brabant
First registration 29-11-1993
Act of foundation 29-09-1993
Date of constitution 29-09-1993
Last change in statutes 28-02-2012
Legal form Besloten
Vennootschap (Limited Company)
Place of constitution Velden
gem Arcen en Velden Betreft
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Capital |
EUR
133.865,10 |
|
Issued capital |
EUR
26.773,02 |
|
Paid up capital |
EUR
26.773,02 |
NACE-code Vervaardiging van meet-, regel- en controleapparaten (niet voor de bewaking van
industriële processen) (3320)
(Manufacture of measuring, control and monitoring devices (not for monitoring industrial processes) (3320))
SBI-code Manufacture
of instruments for measuring, testing, navigation and controlling (2651)
Formal objective De
produktie en handel in vloeistofmeetsensoren en doorstroommeters
(The
production and trade in liquid measuring sensors and flowmeters)
Employees Total:
5
|
Holding company |
Alpha Management B.V. |
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|
Nieuweweg 285 |
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|
6603BN WIJCHEN |
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|
KvK: 14071578 |
Bank Rabobank
Netherlands
Account number: 15.35.10.498
ABN Amro Bank NV
Account number: 40.26.60.528
Real estate Lease
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Management |
Alpha Management B.V. |
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|
Nieuweweg 285 |
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|
6603BN WIJCHEN |
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|
Netherlands |
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KvK: 14071578 |
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Authorization: Limited authorization |
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Position: General
director |
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Date appointed:
31-08-2006 |
Payment experiences Payments
are delayed
Payments Based
on multiple payment experiences up to € 15.000
· Quarter: 2 2011: 255 Average days
· Quarter: 3 2011: 253 Average days
· Quarter: 4 2011: 247 Average days
· Quarter: 1 2012: 270 Average days
|
|
invoices |
current quarter |
2011 Q4 |
2011 Q3 |
2011 Q2 |
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Total |
24 |
100% |
4.490 |
3.471 |
4.744 |
4.801 |
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Within terms |
2 |
0,0% |
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|
157 |
157 |
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Delayed 0 - 30 |
2 |
0,0% |
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|
469 |
469 |
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Delayed 31 - 60 |
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Delayed 61 - 90 |
3 |
0,0% |
|
328 |
33 |
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Delayed 91 - 120 |
8 |
40,0% |
1.796 |
1.257 |
1.634 |
1.670 |
|
Delayed 120+ days |
9 |
60,0% |
2.694 |
1.886 |
2.451 |
2.505 |
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Publication financial
statement |
Annual accounts 2010 are
published on 15-02-2012 Annual accounts 2008 are
published on 12-01-2010 Annual accounts 2007 are
published on 11-02-2009 |
|
Type of publication Publication |
Corporate Publication according to
obligations by law |
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CORE FIGURES |
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BOOKYEAR |
2010 |
2009 |
2008 |
|
Quick ratio |
0,99 |
1,06 |
2,16 |
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Current ratio |
1,18 |
1,32 |
3,34 |
|
Nett workingcapital /
Balance total |
0,09 |
0,13 |
0,29 |
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Capital and reserves /
Balance total |
0,05 |
0,04 |
0,07 |
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Capital and reserves /
Fixed assets |
0,12 |
0,09 |
0,12 |
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Solvency |
0,06 |
0,04 |
0,09 |
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Nett workingcapital |
25.018 |
47.288 |
89.000 |
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Capital and reserves |
15.175 |
13.397 |
22.000 |
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Change capital and
reserves |
13,27% |
-39,10% |
-55,10% |
|
change short term
liabilities |
-2,74% |
286,68% |
-28,30% |
Annual accounts The
company is obligated to publish its annual accounts
Last annual accounts 2010
Type of publication Corporate
Turnover 2006:
5.000
Operating profit 2006:
1.000
Result after taxes 2006:
4.000
Capital and reserves 2010
15.175
Total debt 2010
277.767
Current ratio 2010
1,18
Quick ratio 2010
0,99
Nett workingcapital 2010
25.018
Profitability Nil
Solvency Limited
Liquidity Limited
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BOOKYEAR |
2010 |
2009 |
2008 |
|
End of bookyear |
31-12-2010 |
31-12-2009 |
31-12-2008 |
|
Intangible assets |
111.708 |
131.420 |
151.000 |
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Tangible assets |
13.296 |
25.359 |
29.000 |
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Fixed assets |
125.004 |
156.779 |
180.000 |
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|||
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Stocks and work in progress |
26.898 |
38.898 |
45.000 |
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Accounts receivable |
141.030 |
154.492 |
81.000 |
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Liquid assets |
10 |
838 |
1.000 |
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Current assets |
167.938 |
194.228 |
127.000 |
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Total assets |
292.942 |
351.007 |
307.000 |
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Capital and reserves |
15.175 |
13.397 |
22.000 |
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Provisions |
31.347 |
35.420 |
39.000 |
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other long term debts |
|
155.250 |
207.000 |
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Long term liabilities |
103.500 |
155.250 |
207.000 |
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Other short term debts |
|
146.940 |
38.000 |
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Total short term debt |
142.920 |
146.940 |
38.000 |
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Total debt |
277.767 |
337.610 |
285.000 |
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Total Liabilities |
292.942 |
351.007 |
307.000 |
Modifications Issued capital changed to EUR 26.773,02
Paid up capital changed to EUR 26.773,02.
Since 28-2-2012 statutes modified.
Alpha Management B.V. (14071578)
WIJCHEN
Equflow B.V. (12031282)
Ravenstein
Subsidiary (100%)
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.50.31 |
|
UK Pound |
1 |
Rs.79.04 |
|
Euro |
1 |
Rs.65.82 |
RATING EXPLANATIONS
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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 |
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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 |
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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 |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 |
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NB |
New Business |
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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%)
This report is issued at your request without any risk
and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its
officials.