MIRA
INFORM REPORT
|
Report Date : |
05.09.2012 |
IDENTIFICATION DETAILS
|
Name : |
AE ROTOR HOLDING B.V. |
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Registered Office : |
Goudstraat 15, Hengelo, 7554 NG |
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Country : |
Netherlands |
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Financials (as on) : |
31.03.2011 |
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Date of Incorporation : |
08.06.2001 |
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Com. Reg. No.: |
08097459 |
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Legal Form : |
Private Subsidiary Company |
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Line of Business : |
Subject is engaged in other financial intermediation primarily concerned with distributing funds other than by making loans. |
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No. of Employees : |
Not Available |
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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Status : |
Moderate |
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Payment Behaviour : |
Slow but Correct |
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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 – March 31st, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
|
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 |
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.
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Source : CIA |
Company name & address
AE Rotor Holding B.V.
Goudstraat 15
Hengelo, 7554 NG
Netherlands
Tel: 31-74-255-2630
Fax: 31-74-255-2659
Synthesis
Employees: NA
Company Type: Private Subsidiary
Corporate Family: 39
Companies
Ultimate Parent: Suzlon Energy Limited
Incorporation Date:
08-Jun-2001
Financials in: USD
(Millions)
Fiscal Year End:
31-Mar-2011
Reporting Currency: Euro
Annual Sales: NA
Total Assets: 2,040.4
Business Description
Ae-Rotor Holding B.V. is primarily engaged in other financial intermediation primarily concerned with distributing funds other than by making loans.
Industry
Industry Miscellaneous Capital Goods
ANZSIC 2006: 2499 - Other
Machinery and Equipment Manufacturing Not Elsewhere Classified
NACE 2002: 2911 - Manufacture
of engines and turbines, except aircraft, vehicle and cycle engines
NAICS 2002: 333611 - Turbine
and Turbine Generator Set Units Manufacturing
UK SIC 2003: 2911 - Manufacture
of engines and turbines, except aircraft, vehicle and cycle engines
UK SIC 2007: 2811 - Manufacture
of engines and turbines, except aircraft, vehicle and cycle engines
US SIC 1987: 3511 - Steam, Gas,
and Hydraulic Turbines, and Turbine Generator Set Units
Key Executives
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Name |
Title |
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Tulsibhai Tanti |
Managing director |
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Kirtikant Vagadia |
Managing director |
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Frans Visscher |
Managing director |
News
|
Title |
Date |
|
Suzlon Energy to seek funding from 20
banks to repay bonds |
18-May-2012 |
|
Shares of minority shareholders of Repower
fully transferred to AE-Rotor Holding |
28-Oct-2011 |
|
Suzlon Group completes 'squeeze-out'
process of REpower Systems SE |
28-Oct-2011 |
|
Suzlon Energy trades in jubilant mood on
the bourses |
28-Oct-2011 |
|
Suzlon Rs 890 cr stake sale in Hansen Transmissions
concluded |
13-Oct-2011 |
Registered No.(NLD): 08097459
1 - Profit & Loss Item Exchange Rate: USD 1 = EUR 0.7571683
2 - Balance Sheet Item Exchange Rate: USD 1 = EUR 0.704672
Corporate Overview
Location
Goudstraat 15
Hengelo, 7554 NG
Netherlands
Tel: 31-74-255-2630
Fax: 31-74-255-2659
Sales EUR(mil): NA
Assets EUR(mil): 1,437.8
Employees: NA
Fiscal Year End: 31-Mar-2011
Industry: Miscellaneous Capital Goods
Incorporation Date: 08-Jun-2001
Company Type: Private Subsidiary
Quoted Status: Not Quoted
Registered No.(NLD): 08097459
Managing director: Kirtikant
Vagadia
Contents
Industry Codes
Business Description
Financial Data
Subsidiaries
Industry Codes
ANZSIC 2006 Codes:
2499 - Other Machinery and Equipment Manufacturing Not Elsewhere
Classified
NACE 2002 Codes:
2911 - Manufacture of engines and turbines, except aircraft,
vehicle and cycle engines
NAICS 2002 Codes:
333611 - Turbine and Turbine Generator Set Units Manufacturing
US SIC 1987:
3511 - Steam, Gas, and Hydraulic Turbines, and Turbine Generator
Set Units
UK SIC 2003:
2911 - Manufacture of engines and turbines, except aircraft,
vehicle and cycle engines
UK SIC 2007:
2811 - Manufacture of engines and turbines, except aircraft,
vehicle and cycle engines
Business
Description
Wind Turbine Mfr
More Business
Descriptions
Ae-Rotor Holding B.V. is primarily engaged in other financial intermediation primarily concerned with distributing funds other than by making loans.
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Corporate
Family |
Corporate
Structure News: |
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Suzlon Energy
Limited |
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AE Rotor Holding B.V. |
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Company
Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
|
Parent |
Pune |
India |
Miscellaneous Capital Goods |
4,459.3 |
13,000 |
|
|
Subsidiary |
Hamburg |
Germany |
Miscellaneous Capital Goods |
1,654.6 |
2,456 |
|
|
Subsidiary |
Bremerhaven, Bremen |
Germany |
Fabricated Plastic and Rubber |
|
235 |
|
|
Subsidiary |
Hamburg, Hamburg |
Germany |
Engineering Consultants |
|
200 |
|
|
Subsidiary |
Courbevoie, Hauts-de-Seine |
France |
Miscellaneous Capital Goods |
23.0 |
100 |
|
|
Subsidiary |
Melbourne, VIC |
Australia |
Miscellaneous Capital Goods |
|
100 |
|
|
Subsidiary |
Edinburgh |
United Kingdom |
Business Services |
11.5 |
87 |
|
|
Subsidiary |
Milan |
Italy |
Miscellaneous Capital Goods |
|
40 |
|
|
Subsidiary |
Oliveira De Frades, Oliveira De Frades |
Portugal |
Miscellaneous Capital Goods |
8.7 |
30 |
|
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Subsidiary |
Denver, CO |
United States |
Miscellaneous Capital Goods |
1.2 |
30 |
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Subsidiary |
Barrie, ON |
Canada |
Business Services |
1.4 |
6 |
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|
Subsidiary |
Hamburg, Hamburg |
Germany |
Aerospace and Defense |
|
2 |
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Subsidiary |
Beijing |
China |
Miscellaneous Capital Goods |
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Subsidiary |
Oostende, West Flanders |
Belgium |
Business Services |
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Subsidiary |
Hamburg |
Germany |
Miscellaneous Capital Goods |
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Subsidiary |
Hamburg |
Germany |
Miscellaneous Capital Goods |
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Subsidiary |
Pune, Maharashtra |
India |
Miscellaneous Capital Goods |
|
300 |
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Subsidiary |
Melbourne, VIC |
Australia |
Electronic Instruments and Controls |
|
200 |
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Subsidiary |
Rostock, Mecklenburg-Vorpommern |
Germany |
Construction Services |
|
150 |
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Subsidiary |
Arhus |
Denmark |
Miscellaneous Capital Goods |
0.0 |
120 |
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Subsidiary |
Ahmedabad, Gujarat |
India |
Miscellaneous Capital Goods |
|
100 |
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Subsidiary |
Chicago, IL |
United States |
Miscellaneous Capital Goods |
103.8 |
90 |
|
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Subsidiary |
Hengelo |
Netherlands |
Miscellaneous Capital Goods |
24.0 |
70 |
|
|
Subsidiary |
Madrid |
Spain |
Miscellaneous Capital Goods |
35.9 |
44 |
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Subsidiary |
Amsterdam, North Holland |
Netherlands |
Miscellaneous Capital Goods |
|
8 |
|
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Subsidiary |
Roma, Roma |
Italy |
Engineering Consultants |
7.1 |
7 |
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Subsidiary |
Bochum, Nordrhein-Westfalen |
Germany |
Business Services |
|
3 |
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Subsidiary |
Pune, Maharashtra |
India |
Miscellaneous Capital Goods |
138.8 |
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Subsidiary |
Coimbatore, Tamil Nadu |
India |
Electronic Instruments and Controls |
87.7 |
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Subsidiary |
London |
United Kingdom |
Personal Services |
0.0 |
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Subsidiary |
Pune, Maharashtra |
India |
Miscellaneous Capital Goods |
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Subsidiary |
Hengelo, Overijssel |
Netherlands |
Miscellaneous Capital Goods |
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Subsidiary |
Bochum, Nordrhein-Westfalen |
Germany |
Commercial Banks |
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4 |
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Subsidiary |
Pipestone, MN |
United States |
Miscellaneous Capital Goods |
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Subsidiary |
Ahmedabad, Gujarat |
India |
Miscellaneous Capital Goods |
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Subsidiary |
Tianjin |
China |
Miscellaneous Capital Goods |
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Subsidiary |
Pune, Maharashtra |
India |
Miscellaneous Capital Goods |
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Subsidiary |
Pune, Maharashtra |
India |
Miscellaneous Fabricated Products |
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Subsidiary |
Pune, Maharashtra |
India |
Miscellaneous Capital Goods |
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Executive report
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Executives |
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Managing director |
Managing Director |
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Managing director |
Managing Director |
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Managing director |
Managing Director |
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News
|
Suzlon Energy to seek funding from 20
banks to repay bonds |
18-May-2012 |
|
Shares of minority shareholders of Repower
fully transferred to AE-Rotor Holding |
28-Oct-2011 |
|
Shares of minority shareholders of Repower
fully transferred to AE-Rotor Holding |
28-Oct-2011 |
|
Suzlon Group completes 'squeeze-out'
process of REpower Systems SE |
28-Oct-2011 |
|
Suzlon Energy trades in jubilant mood on
the bourses |
28-Oct-2011 |
|
Suzlon Rs 890 cr stake sale in Hansen
Transmissions concluded |
13-Oct-2011 |
|
Suzlon Energy inches up on disposing off
26.06% stake in Hansen |
13-Oct-2011 |
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Suzlon Energy disposes off 26.06% stake in
Hansen |
13-Oct-2011 |
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Suzlon closed sale of its 26.06% equity
interest in Hansen Transmissions International NV, Belgium and received sale
proceeds of about Rs 890 Crores |
13-Oct-2011 |
Annual
Profit & Loss
|
|
31-Mar-2009 |
|
Period Length |
12 Months |
|
Filed Currency |
EUR |
|
Exchange Rate
(Period Average) |
0.707647 |
|
Consolidated |
No |
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|
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Total income |
1.4 |
|
Net sales |
1.4 |
|
Total operating
costs |
1.5 |
|
Total financial
income |
36.9 |
|
Total expenses |
48.9 |
|
Profit attributable to minority interest
shareholdings |
-19.5 |
|
Profit on ordinary activities after tax |
-32.8 |
|
Extraordinary income |
35.2 |
|
Extraordinary result |
35.2 |
|
Profit after extraordinary items and
before tax |
35.2 |
|
Total taxation |
1.3 |
|
Profit after tax |
-32.8 |
|
Net profit |
2.3 |
Annual Balance
Sheet
Financials in: USD (mil)
|
|
31-Mar-2011 |
31-Mar-2009 |
31-Mar-2007 |
|
Filed Currency |
EUR |
EUR |
EUR |
|
Exchange Rate |
0.704672 |
0.753182 |
0.75123 |
|
Consolidated |
No |
No |
No |
|
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|
|
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Share premium account |
402.3 |
- |
- |
|
Other reserves |
-60.7 |
-87.3 |
-29.2 |
|
Total reserves |
14.2 |
5.6 |
1.3 |
|
Total
stockholders equity |
1,257.6 |
762.0 |
144.5 |
|
Total long-term
liabilities |
694.1 |
692.6 |
628.1 |
|
Trade creditors |
- |
0.9 |
- |
|
Total current
liabilities |
88.8 |
388.8 |
2.6 |
|
Total
liabilities (including net worth) |
2,040.4 |
1,843.3 |
775.1 |
|
Intangibles |
14.2 |
5.6 |
457.7 |
|
Total asset investment |
1,885.6 |
1,757.0 |
306.6 |
|
Total
non-current assets |
1,899.8 |
1,762.6 |
764.4 |
|
Total
receivables |
131.8 |
68.0 |
8.7 |
|
Cash and liquid assets |
8.8 |
12.7 |
2.0 |
|
Total current
assets |
140.6 |
80.7 |
10.7 |
|
Total assets |
2,040.4 |
1,843.3 |
775.1 |
Annual Ratios
Financials in: USD (mil)
|
|
31-Mar-2011 |
31-Mar-2009 |
31-Mar-2007 |
|
Period Length |
12 Months |
12 Months |
12 Months |
|
Filed Currency |
EUR |
EUR |
EUR |
|
Exchange Rate |
0.704672 |
0.753182 |
0.75123 |
|
Consolidated |
No |
No |
No |
|
|
|
|
|
|
Current ratio |
1.60 |
0.20 |
4.20 |
|
Acid test ratio |
1.60 |
0.20 |
4.20 |
|
Current liabilities to net worth |
0.07% |
0.51% |
-0.01% |
|
Fixed assets to net worth |
1.53% |
2.33% |
-2.44% |
|
Asset turnover |
- |
0.00% |
- |
|
Profit margin |
- |
-8.93% |
- |
|
Return on assets |
- |
-0.01% |
- |
|
Shareholders' return |
- |
-0.02% |
- |
|
Return on capital |
- |
-0.02% |
- |
|
Net worth |
1,243.3 |
756.4 |
-313.3 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.54 |
|
UK Pound |
1 |
Rs.88.23 |
|
Euro |
1 |
Rs.70.02 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.