|
Report Date : |
17.10.2012 |
IDENTIFICATION DETAILS
|
Name : |
KOMACH TEXTIELMACHINES B.V. |
|
|
Registered Office : |
Bremenstraat
2 7575EH Oldenzaal |
|
|
|
|
|
|
Country : |
Netherlands |
|
|
|
|
|
|
Financials (as on) : |
31.12.2010 |
|
|
|
|
|
|
Date of Incorporation : |
16.12.1981 |
|
|
|
|
|
|
Com. Reg. No.: |
06047255 |
|
|
|
|
|
|
Legal Form : |
Besloten
Vennootschap |
|
|
|
|
|
|
Line of Business : |
Wholesale
of machinery for the textile industry; sewing and knitting machines |
|
|
|
|
|
|
No. of Employees : |
5 |
|
RATING & COMMENTS
|
MIRA’s Rating : |
Ca |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Moderate |
|
Payment Behaviour : |
Slow but delayed |
|
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
|
Company name |
Komach
Textielmachines B.V. |
|
Tradename |
Komach
Textielmachines B.V. |
|
Address |
Bremenstraat
2 |
|
|
7575EH
Oldenzaal |
|
|
Netherlands |
|
Mail address |
Postbus
375 |
|
|
7570AJ
Oldenzaal |
|
|
Netherlands |
|
Telephone number |
0541585585 |
|
Telefax number |
0541585580 |
|
E-mail address |
|
|
Website |
|
|
VAT number / RSIN |
005861433 |
|
Handelsregisternummer |
06047255 |
|
Registered
in |
Chamber
of commerce Oost Netherlands |
|
First
registration |
04-01-1982 |
|
Act of
foundation |
16-12-1981 |
|
Date of
constitution |
16-12-1981 |
|
Legal
form |
Besloten
Vennootschap |
|
Place of
constitution |
Losser |
|
Issued
capital |
15.882,31 |
|
Paid up capital |
15.882,31 |
|
NACE-code |
Wholesale
of machinery for the textile industry; sewing and knitting machines (5183) |
|
SBI-code |
Wholesale
of machinery for the textile industry and of sewing and knitting machines |
|
|
(4664) |
|
Formal objective |
Handel
in gebruikte textielmachines |
|
Import |
Belgium,
Germany, France |
|
Export |
Whole
world |
Employees Total: 5
Employees according to CoC
Chamber of commerce: 5
Bookyear 2012
2010 2009
Number 5
4 6
Change 25,00%
-33,33% 0,00%
Shareholder Komach
Losser B.V.
Marcellinuslaan 19
7581DH LOSSER
Netherlands
KvK: 06042771
Active since: 16-12-1981
Percentage: 100.00%
Holding company Komach
Losser B.V.
Marcellinuslaan 19
7581DH LOSSER
KvK: 06042771
Bank ABN
Amro Bank NV
|
Real estate |
Lease |
|
|
The
real estate is checked at the land registration office |
|
|
Object
code: None registration type |
Management Komach Losser B.V.
Marcellinuslaan 19
7581DH LOSSER
Netherlands
KvK: 06042771
Authorization: Fully authorized
Position: Manager
Date appointed: 16-12-1981
W.J. Koobs
Wilhelmus Johannes
Authorization: Fully authorized
Position: Manager
Date appointed: 16-12-1981
Date of birth: 03-02-1944
A.W.G.S. Koobs - Borgert
Aleida Wilhelmina Geertruida S
Authorization: Fully authorized
Position: Manager
Date appointed: 01-12-1995
Date of birth: 29-03-1942
|
Payment
experiences |
According
to terms |
|
Payments |
Based
on multiple payment experiences up to € 1.000 |
|
|
Quarter:
1 2012: 30 Average days |
|
|
Quarter:
2 2012: 30 Average days |
|
|
Quarter:
3 2012: 30 Average days |
|
|
Quarter:
4 2012: 30 Average days |
|
Publication
financial statement |
Annual
accounts 2010 are published on 07-02-2012 Annual accounts 2009 are published on
17-01-2011 Annual accounts 2008 are published on 16-02-2010 Annual accounts
2007 are published on 10-12-2008 |
|
Type
of Publication Publication |
Corporate Publication
according to obligations by law |
|
CORE FIGURES |
|
|
|
|
BOOKYEAR |
2010 |
2009 |
2008 |
|
Quick ratio |
0,17 |
0,05 |
0,16 |
|
Current ratio |
0,53 |
0,52 |
0,71 |
|
Nett
workingcapital / Balance total |
-0,85 |
-0,87 |
-0,40 |
|
Capital and
reserves / Balance total |
-2,12 |
-2,50 |
-1,53 |
|
Capital and
reserves / Fixed assets |
-79,31 |
-61,39 |
-34,90 |
|
Solvency |
-0,68 |
-0,71 |
-0,60 |
|
Nett
workingcapital |
-521.500 |
-416.442 |
-271.000 |
|
Capital and
reserves |
-1.305.044 |
-1.196.944 |
-1.047.000 |
|
Change capital
and reserves |
-9,03% |
-14,32% |
-1,45% |
|
change short term
liabilities |
28,02% |
-5,29% |
-0,75% |
|
|
|||
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 -1.305.044
Total debt 2010
1.920.261
Current ratio
2010 0,53
Quick ratio 2010
0,17
Nett workingcapital
2010 -521.500
Profitability Negative
Solvency Negative
Liquidity Negative
Currency Euro
|
BOOKYEAR |
2010 |
2009 |
2008 |
|
End of bookyear |
31-12-2010 |
31-12-2009 |
31-12-2008 |
|
Tangible assets |
16.456 |
19.498 |
30.000 |
|
Fixed assets |
16.456 |
19.498 |
30.000 |
|
|
|||
|
Stocks and work
in progress |
411.165 |
411.165 |
509.000 |
|
Accounts
receivable |
173.479 |
31.054 |
123.000 |
|
Liquid assets |
14.117 |
16.427 |
21.000 |
|
Current assets |
598.761 |
458.646 |
653.000 |
|
Total assets |
615.217 |
478.144 |
683.000 |
|
Capital and
reserves |
-1.305.044 |
-1.196.944 |
-1.047.000 |
|
other long term
debts |
|
|
807.000 |
|
Long term
liabilities |
800.000 |
800.000 |
807.000 |
|
Other short term
debts |
|
|
924.000 |
|
Total short term
debt |
1.120.261 |
875.088 |
924.000 |
|
Total debt |
1.920.261 |
1.675.088 |
1.730.000 |
|
Total Liabilities |
615.217 |
478.144 |
683.000 |
•
Komach Losser B.V. (06042771)
LOSSER
o Komach
Textielmachines B.V. (06047255) Oldenzaal
Subsidiary (100%)
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.52.82 |
|
|
1 |
Rs.84.96 |
|
Euro |
1 |
Rs.68.61 |
INFORMATION DETAILS
|
Report
Prepared by : |
PRL |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.