MIRA INFORM REPORT

 

 

Report Date :

05.05.2012

 

IDENTIFICATION DETAILS

 

Name :

E2M Technologies B.V

 

 

Registered Office :

Pedro de Medinalaan 17, 1086XP Amsterdam

 

 

Country :

Netherlands

 

 

Financials (as on) :

31.12.2010

 

 

Date of Incorporation :

08-03-2007

 

 

Com. Reg. No.:

34264483

 

 

Legal Form :

Besloten Vennootschap

 

 

Line of Business :

Manufacture of electric motors

 

 

No. of Employees :

14

 

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 – March 31st, 2012

 

Country Name

Previous Rating

(31.12.2011)

Current Rating

(31.03.2012)

Netherlands

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 

CONTACTINFORMATION

 

Company name                         E2M Technologies B.V.

Tradename                                E2M Technologies B.V.

 

Address                                    Pedro de Medinalaan 17

1086XP Amsterdam

Netherlands

 

Mail address                              Pedro de Medinalaan 17

1086XP Amsterdam

Netherlands

 

Telephone number                      0207070901

Telefax number              0725815365

Mobile phone                             0650204945

E-mail address              info@e2mtechnologies.com

Website                                    www.e2mtechnologies.com

VAT number / RSIN                    817479703

 

 

History

 

STOKERKADE 54

1019 XA AMSTERDAM

Until: 16-2-2012

 

 

COMPANY INFORMATION

 

Handelsregisternummer

34264483

Registered in

Chamber of commerce Amsterdam

First registration

12-03-2007

Act of foundation

08-03-2007

Date of constitution

01 -01 -2007

Continuation date

08-03-2007

Legal form

Besloten Vennootschap

Place of constitution

Amsterdam

Capital

EUR 90.000

Issued capital

EUR 18.000

Paid up capital

EUR 18.000

 

 

 

 

 

NACE-code                   Manufacture of electric motors (3110)

Financial holding (65234)

 

SBI-code                       Manufacture of electric motors, generators and transformers (2711)

 

Formal objective Het ontwerpen en bouwen van systemen voor elektrische aandrijving van vehicles,

waaronder bussen voor personenvervoer, alsmede het ontwikkelen en bouwen van

systemen voor de besturing van de aandrijfsystemen

 

Employees                                Total: 14

Employees according to CoC      Chamber of commerce: 14

 

Bookyear                     2012                 2010

Number                         14                     3

Change                         366,67%

 

Real estate                  Lease

The real estate is checked at the land registration office

 

 

MANAGEMENT

 

Management                 P.T.J. van Lookeren Campagne

Pieter Theodoor Jacob

Authorization: Jointly authorized

Position: Manager

Date appointed: 15-07-2010

Date of birth: 22-07-1962

 

J.M. van Bekkum

Jan Mattheus

Authorization: Fully authorized

Position: General director

Date appointed: 08-03-2007

Date of birth: 20-05-1965

 

 

PAYMENT INFORMATION

 

Payment experiences                 Payments are regular, no complaints are known

Payments                                 Based on multiple payment experiences up to € 25.000

Quarter: 3 2011: 52 Average days

Quarter: 4 2011: 58 Average days

Quarter: 1 2012: 41 Average days

Quarter: 2 2012: 30 Average days

 

 

invoices             current              quarter              2012 Q1            2011 Q4            2011 Q3

Total                 39                     100%                45.119             51.289              61.830              51.514

Within terms      26                     98,4%               44.413              33.646              15.253              33.646

Delayed 0 - 30   11                     1,6%                 706                   17.643              46.577              2.118

Delayed 31–60   2                       0,0%                                                                                        15.750

Delayed 61 - 90

Delayed 91 - 120

Delayed 120+ days

 

 

FINANCIAL INFORMATION

 

Publication financial statement                Annual accounts 2010 are published on 23-09-2011

Annual accounts 2009 are published on 22-02-2011

Annual accounts 2008 are published on 09-02-2010

Annual accounts 2007 are published on 20-03-2009

 

Type of publication                                 Corporate

Publication Publication according to obligations by law

 

CORE FIGURES

 

BOOKYEAR                                                      2010                 2009                 2008

Quick ratio                                                        0,64                  1,08                  1,07

Current ratio                                                      1,24                  1,08                  1,07

Nett workingcapital / Balance total                       0,18                 0,07                  0,06

Capital and reserves / Balance total                     0,26                  0,17                  0,09

Capital and reserves / Fixed assets                     3,11                  1,71                  3,33

Solvency                                                           0,35                 0,20                  0,10

Nett workingcapital                                             112.640             47.714              13.000

Capital and reserves                                           165.966             115.269             20.000

Change capital and reserves                               43,98%             476,35%           -54,55%

change short term liabilities                                -17,57%            189,43%           1,03%

 

 

Annual accounts                        The company is obligated to publish its annual accounts

Last annual accounts                 2010

 

Capital and reserves                   2010 165.966

Total debt                                  2010 467.591

Current ratio                              2010 1,24

Quick ratio                                2010 0,64

Nett workingcapital                     2010 112.640

Profitability                                To be followed

Solvency                                   To be followed

Liquidity                                    Moderate

 

BALANCE

 

BOOKYEAR

2010

2009

2008

End of bookyear

31-12-2010

31-12-2009

31-12-2008

Tangible assets

53.326

67.555

6.000

Fixed assets

53.326

67.555

6.000

 

Stocks and work in progress

281.200

 

 

Other amounts receivable

 

488.253

71.000

Accounts receivable

177.237

 

71.000

Liquid assets

121.794

126.753

138.000

Current assets

580.231

615.006

209.000

Total assets

633.557

682.561

216.000

 

Capital and reserves

165.966

115.269

20.000

Other short term debts

467.591

567.292

196.000

Total short term debt

467.591

567.292

196.000

Total debt

467.591

567.292

196.000

Total Liabilities

633.557

682.561

216.000

 

 

History

 

Management Since 15-07-2010 manager Pieter Theodoor Jacob van Lookeren Campagne appointed

 

 

Company structure

 

E2M Technologies B.V. (34264483)

Amsterdam

 

 

 

 

 

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.53.72

UK Pound

1

Rs.86.98

Euro

1

Rs.70.64

 

INFORMATION DETAILS

 

Report Prepared by :

NLM

 

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.