MIRA
INFORM REPORT
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Report Date : |
12.09.2012 |
IDENTIFICATION DETAILS
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Name : |
INTERMEDIA HOLLAND B.V. |
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Registered Office : |
Vierbundersweg 1 Dongen, 5107 NL |
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Country : |
Netherlands |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
20.03.1978 |
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Com. Reg. No.: |
18021428 |
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Legal Form : |
Private Subsidiary |
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Line of Business : |
Wholesale of mining, construction and civil engineering machinery. |
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No. of Employees : |
8 |
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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
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Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
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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 |
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 and address
Intermedia Holland
B.V.
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Business
Description
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Intermedia Holland B.V. is primarily engaged in wholesale of mining,
construction and civil engineering machinery. |
Industry
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Industry |
Construction and Agriculture Machinery |
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ANZSIC 2006: |
3411 - Agricultural and Construction
Machinery Wholesaling |
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NACE 2002: |
5182 - Wholesale of mining, construction
and civil engineering machinery |
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NAICS 2002: |
423810 - Construction and Mining (except
Oil Well) Machinery and Equipment Merchant Wholesalers |
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UK SIC 2003: |
5182 - Wholesale of mining, construction
and civil engineering machinery |
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UK SIC 2007: |
4663 - Wholesale of mining, construction
and civil engineering machinery |
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US SIC 1987: |
5084 - Industrial Machinery and Equipment |
Key Executives
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1 - Profit &
Loss Item Exchange Rate: USD 1 = EUR 0.7550783
2 - Balance Sheet Item Exchange Rate: USD 1 = EUR 0.7454064
Corporate Overview
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Corporate Structure News
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Intermedia
Holland B.V. |
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Company Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
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Marc Oomens Management En Beheer B.V. |
Parent |
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Subsidiary |
Dongen, Noord-Brabant |
Netherlands |
Construction and Agriculture Machinery |
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8 |
Executives Report
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Annual Financial Reports
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Annual Balance
Sheet |
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Financials in:
USD (mil) |
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31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
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Filed Currency |
EUR |
EUR |
EUR |
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Exchange Rate |
0.745406 |
0.696986 |
0.719399 |
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Consolidated |
No |
No |
No |
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Other reserves |
0.3 |
0.2 |
0.3 |
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Total stockholders equity |
0.3 |
0.2 |
0.3 |
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Provisions and allowances |
0.1 |
0.3 |
0.1 |
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Total current liabilities |
1.1 |
1.1 |
0.9 |
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Total liabilities (including net worth) |
1.5 |
1.6 |
1.3 |
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Total tangible fixed assets |
0.1 |
0.1 |
0.1 |
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Total non-current assets |
0.1 |
0.1 |
0.1 |
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Net stocks and work in progress |
0.5 |
0.6 |
0.5 |
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Total receivables |
1.0 |
0.9 |
0.9 |
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Cash and liquid assets |
0.0 |
0.0 |
-0.1 |
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Total current assets |
1.5 |
1.5 |
1.3 |
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Total assets |
1.5 |
1.6 |
1.3 |
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Annual Ratios |
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Financials in:
USD (mil) |
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31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
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Period Length |
12 Months |
12 Months |
12 Months |
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Filed Currency |
EUR |
EUR |
EUR |
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Exchange Rate |
0.745406 |
0.696986 |
0.719399 |
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Consolidated |
No |
No |
No |
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Current ratio |
1.40 |
1.30 |
1.40 |
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Acid test ratio |
0.90 |
0.80 |
0.80 |
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Current liabilities to net worth |
3.27% |
5.43% |
2.92% |
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Fixed assets to net worth |
0.26% |
0.47% |
0.25% |
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Net worth |
0.3 |
0.2 |
0.3 |
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Number of employees |
7 |
7 |
7 |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.55.52 |
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1 |
Rs.88.85 |
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Euro |
1 |
Rs.70.85 |
INFORMATION DETAILS
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Report
Prepared by : |
PRL |
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.