MIRA INFORM REPORT
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Report Date : |
21.03.2012 |
IDENTIFICATION DETAILS
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Name : |
CORROSION & WATER-CONTROL B.V. |
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Registered Office : |
Herenweg 58 a, 2751DB Moerkapelle |
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Country : |
Netherlands |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
08.10.1993 |
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Com. Reg. No.: |
29029628 |
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Legal Form : |
Limited Company |
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Line of Business : |
Engineering activities and related technical consultancy |
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No. of Employees
: |
17 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
€ 100.000 |
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Status : |
Moderate |
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Payment
Behaviour : |
No Complaints |
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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
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Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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Netherlands |
a1 |
a1 |
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Risk Category |
ECGC
Classification |
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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 |
Corrosion & Water-Control B.V. |
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Tradename |
Corrosion
& Water-Control B.V. |
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Address |
Herenweg
58 a |
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2751DB
Moerkapelle |
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Netherlands |
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Mail address |
Postbus 47 |
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2750AA
Moerkapelle |
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Netherlands |
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Telephone number |
0795931295 |
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Telefax number |
0795931871 |
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E-mail address |
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Website |
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VAT number / RSIN |
802247003 |
Credit limit A
credit of € 100.000 may be granted
Handelsregisternummer 29029628
Registered in Chamber
of commerce Rotterdam
First registration 08-10-1993
Act of foundation 07-10-1993
Date of constitution 19-02-1986
Continuation date 07-10-1993
Legal form Besloten
Vennootschap (Limited Company)
Place of constitution Moerkapelle
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Capital |
EUR
90.756,04 |
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Issued capital |
EUR
18.151,21 |
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Paid up capital |
EUR
18.151,21 |
NACE-code Engineering
activities and related technical consultancy not specialized (74207)
SBI-code Engineering
activities and related technical consultancy not specialized (711207)
Formal objective
De exploitatie van een technisch consulting office op het gebied van
corrosie- en biologische
aangroei-preventie, alsmede van electrolyse systemen
(Formal objectifying The operation of a technical consulting office in biological fouling, corrosion and prevention, as well as of the electrolysis system)
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Employees |
Total: 17 |
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|
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Employees according to CoC |
Chamber of
commerce: 17 |
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|
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Bookyear |
2012 |
2010 |
2009 |
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Number |
17 |
20 |
20 |
|
Change |
-15,00% |
0,00% |
0,00% |
Shareholder Corrosion
& Water-Control Participations B.V.
Herenweg 58
2751DB MOERKAPELLE
Netherlands
KvK: 24444228
Active since: 31-07-2009
Percentage: 100.00%
Ultimate parent company Corrosion & Water-Control Beheer B.V.
Herenweg 58
2751DB MOERKAPELLE
KvK: 29040346
Holding company Corrosion
& Water-Control Participations B.V.
Herenweg 58
2751DB MOERKAPELLE
KvK: 24444228
Subsidiary Foundation
Holland Marine House China
Maaskade 119
3071NK ROTTERDAM
KvK: 24354438
Affiliated companies Corrosion Galvanic Anodes B.V.
Herenweg 58
2751DB MOERKAPELLE
KvK: 24425036
Corrosion Parts & Services B.V.
Herenweg 58
2751DB MOERKAPELLE
KvK: 52978117
Bank Rabobank
Netherlands
Account number: 37.50.30.492
Real estate Lease
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Management |
Corrosion
& Water-Control Participations B.V. |
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Herenweg
58 |
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2751DB
MOERKAPELLE |
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|
Netherlands |
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KvK:
24444228 |
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Authorization:
Fully authorized |
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Position:
Manager |
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Date
appointed: 31-07-2009 |
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|
S. Hertog |
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Sander |
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Authorization:
Limited authorization |
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Position:
Proxy |
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Date
appointed: 01-06-2007 |
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Date of
birth: 28-01-1985 |
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M.C.G. van
Ruiten |
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Marteus
Cornelis Gerardus |
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Authorization:
Limited authorization |
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Position:
Proxy |
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Date
appointed: 01-04-2006 |
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Date of
birth: 10-09-1970 |
Payment experiences Payments
are regular, no complaints are known
Payments Based
on multiple payment experiences up to € 50.000
· Quarter: 2 2011: 43 Average days
· Quarter: 3 2011: 41 Average days
· Quarter: 4 2011: 57 Average days
· Quarter: 1 2012: 33 Average days
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|
invoices |
current quarter |
2011 Q4 |
2011 Q3 |
2011 Q2 |
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Total |
89 |
100% |
76.009 |
74.169 |
75.259 |
75.047 |
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Within terms |
66 |
92,4% |
70.222 |
45.797 |
61.063 |
55.720 |
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Delayed 0 - 30 |
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7,6% |
5.787 |
15.913 |
11.573 |
17.359 |
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Delayed 31 - 60 |
6 |
0,0% |
|
12.459 |
2.623 |
1.968 |
Type of publication
Corporate
Publication Publication
according to obligations by law
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CORE FIGURES |
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BOOKYEAR |
2010 |
2009 |
2008 |
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Quick ratio |
1,05 |
2,61 |
1,77 |
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Current ratio |
1,28 |
2,96 |
1,95 |
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Nett workingcapital / Balance
total |
0,20 |
0,62 |
0,44 |
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Capital and reserves / Balance
total |
0,25 |
0,67 |
0,49 |
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Capital and reserves / Fixed
assets |
3,92 |
10,82 |
5,42 |
|
Solvency |
0,34 |
2,10 |
1,05 |
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Nett workingcapital |
971.761 |
3.319.997 |
1.557.000 |
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Capital and reserves |
1.204.141 |
3.568.409 |
1.739.000 |
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Change capital and reserves |
-66,26% |
105,20% |
64,68% |
|
change short term liabilities |
106,62% |
3,29% |
-13,76% |
Annual accounts The
company is obligated to publish its annual accounts
Last annual accounts 2010
Tendency Changeable
Tendency capital
and reserves
Capital and reserves 2010
1.204.141
Total debt 2010
3.579.423
Current ratio 2010
1,28
Quick ratio 2010
1,05
Nett workingcapital 2010
971.761
Profitability Negative
Solvency To
be followed
Liquidity Reasonable
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BOOKYEAR |
2010 |
2009 |
2008 |
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End of bookyear |
31-12-2010 |
31-12-2009 |
31-12-2008 |
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Tangible assets |
264.615 |
295.899 |
291.000 |
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Financial assets |
42.765 |
34.000 |
30.000 |
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Fixed assets |
307.380 |
329.899 |
321.000 |
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|||
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Stocks and work in progress |
796.366 |
595.664 |
295.000 |
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Accounts receivable |
2.680.365 |
2.980.106 |
1.926.000 |
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Liquid assets |
999.453 |
1.440.310 |
978.000 |
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Current assets |
4.476.184 |
5.016.080 |
3.199.000 |
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Total assets |
4.783.564 |
5.345.979 |
3.520.000 |
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Capital and reserves |
1.204.141 |
3.568.409 |
1.739.000 |
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Provisions |
75.000 |
75.000 |
125.000 |
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other long term debts |
|
6.487 |
14.000 |
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Long term liabilities |
|
6.487 |
14.000 |
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Other short term debts |
3.504.423 |
1.696.083 |
1.642.000 |
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Total short term debt |
3.504.423 |
1.696.083 |
1.642.000 |
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Total debt |
3.579.423 |
1.777.570 |
1.781.000 |
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Total Liabilities |
4.783.564 |
5.345.979 |
3.520.000 |
Management Since 31-07-2009 manager 24444228 Corrosion & Water-Control Participations B.V. appointed.
Since 31-07-2009 manager 29040346
Corrosion & Water-Control Beheer B.V. out of office.
Corrosion &
Water-Control Beheer B.V. (29040346) MOERKAPELLE
Corrosion &
Water-Control UK Limited (24426420)
MOERKAPELLE
Management relation
Foundation Corrosion &
Water-Control (24469963)
MOERKAPELLE
Management relation
Corrosion &
Water-Control Participations B.V. (24444228)
MOERKAPELLE
Subsidiary
Corrosion Galvanic Anodes
B.V. (24425036)
MOERKAPELLE
Subsidiary
Corrosion &
Water-Control B.V. (29029628) Moerkapelle
Subsidiary (100%)
Foundation Holland Marine House
China (24354438)
ROTTERDAM
Management relation
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.50.25 |
|
UK Pound |
1 |
Rs.79.76 |
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Euro |
1 |
Rs.66.52 |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>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 |
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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 |
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<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.