MIRA INFORM REPORT

 

 

Report Date :

02.11.2012

 

IDENTIFICATION DETAILS

 

Correct Name :

EMKATEC

 

 

Registered Office :

Pastoor Siebenstraat 1, 6077AJ Sint Odiliënberg

 

 

Country :

Netherlands

 

 

Date of Incorporation :

01.10.2008

 

 

Com. Reg. No.:

14106091

 

 

Legal Form :

Sole proprietorship

 

 

Line of Business :

Testing and analysis of machinery

 

 

No. of Employees :

01 employee

 

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 :

Unknown

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                         Emkatec

Tradename                                Emkatec

M-Rack

 

Address                                    Pastoor Siebenstraat 1

6077AJ Sint Odiliënberg

Netherlands

 

Mail address                              Pastoor Siebenstraat 1

6077AJ Sint Odiliënberg

Netherlands

Telephone number                      0475532042

 

E-mail address                          info@m-rack.nl

 

Website                                    www.m-rack.nl

 

 

COMPANY INFORMATION

 

Handelsregisternummer 14106091

Registered in                             Chamber of commerce Limburg

Date of constitution                    01-10-2008

Legal form                                 Sole proprietorship

 

NACE-code                               Testing and analysis of machinery (743021)

SBI-code                                   Testing and analysis of machinery (71202)

 

Formal objective                         Emkatec: het keuren van magazijnstellingen, vervaardigen van autocad

tekeningen. MRack: het adviseren en leveren van projectmatige magazijninrichtingen

 

Employees Total:                       1

 

Employees                                according to CoC Chamber of commerce: 1

 

Real estate                                Privately-property owned

The real estate is checked at the land registration office

Object code: SINT ODILIENBERG C 4128

Owner: HUBERTUS MICHEL DANIEL BEENS

 

 

MANAGEMENT

 

Management     H.M.D. Beens

Hubertus Michel Daniël

Pastoor Siebenstraat 1

6077AJ Sint Odiliënberg

Position: Owner

Date appointed: 01-10-2008

Date of birth: 10-07-1966

 

 

PAYMENT INFORMATION

 

Payment experiences     There are no payment experiences known

 

 

FINANCIAL INFORMATION

 

Annual accounts                        The company is not obligated to publish its financial account.

 

Tendency                                  Not to be judged because of the absence of sufficient financial information

 

Profitability                                Not to be judged

 

Solvency                                  Not to be judged

 

Liquidity                                    Not to be judged

 

Currency                                   Euro

 

 

Company structure

 

Emkatec (14106091)

Sint Odiliënberg

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.53.79

UK Pound

1

Rs.86.77

Euro

1

Rs.69.71

 

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.