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Report Date : |
16.12.2013 |
IDENTIFICATION DETAILS
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Name : |
WEIR MINERALS NETHERLANDS B.V. |
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Registered Office : |
Egtenrayseweg 9, 5928PH Venlo |
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Country : |
Netherlands |
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Date of Incorporation : |
28.09.1994 |
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Com. Reg. No.: |
12032525 |
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Legal Form : |
Private Company |
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Line of Business : |
· Subject delivers end-to-end solutions for all mining, transportation, milling, processing and waste management activities. · Subject is specialists in delivering and supporting a wide range of slurry equipment solutions, including pumps, valves, hydrocyclones, wear-resistant linings and de-watering products. |
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No. of Employees : |
417 |
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 : |
No Complaints |
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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 – September 30th, 2013
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Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
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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 sixth-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 in
2011. In 2012 tax revenues dropped nearly 9%, GDP contracted, and the budget
deficit deteriorated. Although jobless claims continued to grow, the
unemployment rate remained relatively low at 6.8 percent.
Source : CIA
Company name Weir Minerals Netherlands B.V.
Tradename Geho
Pumps
Begemann Pumps
Roto-Jet
Weir Netherlands
Weir Minerals
Netherlands B.V.
Address Egtenrayseweg
9
5928PH Venlo
Netherlands
Mail address Postbus
249
5900AE Venlo
Netherlands
Telephone number 0773895200
Telefax number 0773824844
E-mail address weir@weirminerals.com
Website www.weirminerals.com
VAT number / RSIN 802996413
Group Consolidated
BC and Pl of WEIR GROUP PLC (THE)
Clydesdale Bank Exchange 20, Waterloo Street
G2 6DB GLASGOW
United Kingdom
Phone number +44 141 637 7111
FAX number +44
141 221 9789
Website address www.weir.co.uk
INTERNET E-MAIL
address investor-relations@weir.co.uk
Handelsregisternummer 12032525
Registered in Chamber
of commerce Limburg
First registration 30-09-1994
Act of foundation 28-09-1994
Date of constitution 31-12-1966
Continuation date 30-09-1994
Last change in statutes 30-06-2006
Legal form Besloten
Vennootschap (Private Company)
Place of constitution Venlo
Capital EUR
Issued capital EUR
50.000
Paid up capital EUR
50.000
Legal form at first registration Besloten
Vennootschap (Private Company)
Activity: Weir Minerals delivers end-to-end solutions for all mining, transportation, milling, processing and waste management activities.
Subject is specialists in delivering and supporting a wide range of slurry equipment solutions, including pumps, valves, hydrocyclones, wear-resistant linings and de-watering products.
NACE-code MANUFACTURE
OF MACHINERY AND EQUIPMENT (29)
Manufacture of
pumps and compressors (2912)
SBI-code Manufacture
of machinery and equipment n.e.c. (28)
Manufacture of non-hydraulic pumps and
compressors (2813)
Wholesale of internal combustion engines
(46693)
Formal objective Exploiteren
van een of meer machinefabrieken en handel in pompen en
bronbemalingsartikelen en aannemen van
werken; holding en financierings- objective
(Operate one or more engineering works and
trade in pumps and
dewatering articles and works acceptance,
holding and financing objective)
Import Belgium,
Germany, France
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Employees Employees according to
CoC |
Total: 417 Chamber of commerce: 417 |
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Bookyear |
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2013 |
2012 |
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Number Change |
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417 0,00% |
417 --- |
Shareholder Weir
B.V.
Egtenrayseweg 9
5928PH VENLO
Netherlands
KvK: 12032531
Active since: 05-10-1995
Percentage: 100.00%
Ultimate parent company Weir
Group Holdings Limited
990005630103
Holding company Weir
B.V.
Egtenrayseweg 9
5928PH VENLO
KvK: 12032531
Bank ABN
Amro Bank NV
Account number: 57.94.24.588
ING Bank NV
Account number: 48552
Real estate Property owned
The real estate is checked at the land
registration office
Object code: None
registration type
Management J.P.D.
van Leeuwen
Johannes Pieter Dirk
Authorization: Fully authorized
Position: Manager
Date appointed: 01-10-2012
Date of birth: 30-01-1958
C. Zaalberg
Cornelis
Authorization: Fully authorized
Position: Manager
Date appointed: 01-10-2012
Date of birth: 09-04-1955
W. Giesen-Thissen
Waltraud
Authorization: Limited authorization
Position: Financieel manager
Date appointed: 01-01-2008
Date of birth: 17-03-1965
E.J.P. Alsters
Elisabeth Josephina Petronella
Authorization: Limited authorization
Position: Proxy
Date appointed: 27-10-2009
Date of birth: 27-04-1968
M.J.G. Beurskens - Hovens
Manuela Josephina Gerarda
Authorization: Limited authorization
Position: Proxy
Date appointed: 27-10-2009
Date of birth: 29-09-1970
L.P. van Bijnen
Léon Pascal
Authorization: Limited authorization
Position: Proxy
Date appointed: 01-01-2013
Date of birth: 05-03-1972
P.M.J. Heuvelmans
Peter Maria
Johannes
Authorization: Limited authorization
Position: Proxy
Date appointed: 27-10-2009
Date of birth: 09-06-1968
B.L. Joosten
Bo Lesly
Authorization: Limited authorization
Position: Proxy
Date appointed: 28-03-2012
Date of birth: 18-05-1987
E. Kembel
Eugen
Authorization: Limited authorization
Position: Proxy
Date appointed: 16-04-2012
Date of birth: 01-01-1988
R.W.P.A. Könisser
Roy Wilhelmina Peter Alexander
Authorization: Limited authorization
Position: Proxy
Date appointed: 27-10-2009
Date of birth: 15-02-1974
G.P.J. Schreurs
Godefridus Petrus Johanna
Authorization: Limited authorization
Position: Proxy
Date appointed: 06-11-2002
Date of birth: 08-07-1966
G.J.G. Timmermans
Gregor Johannes Gerardus
Authorization: Limited authorization
Position: Proxy
Date appointed: 01-01-2013
Date of birth: 28-01-1971
Payment experiences Payments
are regular
Payments Based
on multiple payment experiences up to € 50.000
· Quarter: 1 2013: 59 Average days
Quarter: 2
2013: 53 Average days
Quarter: 3
2013: 70 Average days
Quarter: 4
2013: 51 Average days
|
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invoices |
current quarter |
2013 Q3 |
2013 Q2 |
2013 Q1 |
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Total |
276 |
100% |
887.893 |
857.524 |
870.189 |
872.017 |
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Within terms |
124 |
59,8% |
531.109 |
234.048 |
459.094 |
441.090 |
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Delayed 0 - 30 |
125 |
32,9% |
292.217 |
475.896 |
392.405 |
409.103 |
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Delayed 31 - 60 |
27 |
7,3% |
64.567 |
147.580 |
18.690 |
21.824 |
Auditor Ernst
& Young
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 Sufficient
Currency Euro
Consent statements
· Over bookyear 2012 a consent agreement is filed
Over
bookyear 2011 a consent agreement is filed
Over
bookyear 2010 a consent agreement is filed
Over
bookyear 2009 a consent agreement is filed
Management
· Per 01-04-2013 is Proxy Ernst Ronald van Koert out of office.
Per
01-10-2012 manager Cornelis Zaalberg appointed.
Per
01-10-2012 is Proxy Johannes Pieter Dirk van Leeuwen out of office.
Per
01-10-2012 manager Johannes Pieter Dirk van Leeuwen appointed.
Per
01-10-2012 manager Cornelis Zaalberg out of office.
Per
01-09-2012 is Proxy Gerardina Johanna Henriëtte Hermans-Groetelaers out of
office.
Per
16-04-2012 is Proxy Eugen Kembel appointed.
Per
28-03-2012 is Proxy Bo Lesly Joosten appointed.
Per
01-12-2010 is Proxy Alan Wallace Fernie Mitchelson out of office.
Modifications
Per 1-10-2012 is the responsibility of manager Johannes Pieter Dirk van
Leeuwen changed.
Weir Group Holdings Limited (990005630103)
Weir B.V.
(12032531)
VENLO
Subsidiary
Weir Minerals
Netherlands B.V. (12032525)
Venlo
Subsidiary
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.62.13 |
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UK Pound |
1 |
Rs.101.53 |
|
Euro |
1 |
Rs.85.41 |
INFORMATION DETAILS
|
Report
Prepared by : |
MNL |
RATING EXPLANATIONS
|
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 |
-- |
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.