MIRA
INFORM REPORT
|
Report Date : |
31.01.2013 |
IDENTIFICATION DETAILS
|
Name : |
HITT HOLLAND INSTITUTE OF TRAFFIC
TECHNOLOGY B.V. |
|
|
|
|
Registered Office : |
Oude Apeldoornseweg 41 45 7333NR Apeldoorn |
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Country : |
Netherlands |
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|
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
07.02.1994 |
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|
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Com. Reg. No.: |
08060878 |
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Legal Form : |
Besloten Vennootschap |
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Line of Business : |
Custom-made software developing and producing |
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|
|
|
No. of Employees : |
75 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
Payment Behaviour : |
No Complaints |
|
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 |
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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
CONTACTINFORMATION
|
Company name |
HITT Holland Institute of
Traffic Technology B.V. |
|
Tradename |
HITT Holland Institute of
Traffic Technology B.V. |
|
|
HITT Traffic |
|
Address |
Oude Apeldoornseweg 41 45 |
|
|
7333NR Apeldoorn |
|
|
Netherlands |
|
Mail address |
Postbus 717 |
|
|
7300AS Apeldoorn |
|
|
Netherlands |
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Telephone number |
0555432500 |
|
Telefax number |
0555432553 |
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E-mail address |
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|
Website |
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VAT number / RSIN |
802484414 |
COMPANY INFORMATION
Handelsregisternummer
08060878
Registered in Chamber
of commerce Oost Netherlands
First registration 07-02-1994
Act of foundation 28-01-1994
Date of constitution 28-01-1994
Last change in statutes 20-07-1998
Legal form Besloten
Vennootschap
|
Place of constitution |
Apeldoorn |
|
Issued capital |
45.378,02 |
|
Paid up capital |
45.378,02 |
|
NACE-code |
Custom-made software
developing and producing (722201) |
|
SBI-code |
Development and
production of custom software (620102) |
|
Formal objective |
Het maken van software,
bouwen van systemen i.v.m. verkeersautomatisering, |
|
|
financierings- en
beleggingsmaatschappij |
|
Employees |
Total: 75 |
|
|
|
Employees according to CoC |
Chamber of commerce: 75 |
|
|
|
Bookyear |
2013 |
2011 |
2010 |
|
Number |
75 |
100 |
103 |
|
Change |
-25,00% |
-2,91% |
0,00% |
COMPANY STRUCTURE
|
Shareholder |
HITT N.V. |
|
|
Oude Apeldoornseweg 41 |
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|
7333NR Apeldoorn |
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|
Netherlands |
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|
KvK: 33303093 |
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|
Active since: 20-05-1998 |
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|
Percentage: 100.00% |
|
Holding company |
HITT N.V. |
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|
Oude Apeldoornseweg 41 |
|
|
7333NR Apeldoorn |
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|
KvK: 33303093 |
|
Affiliated companies |
Quality Positioning
Services (Q.P.S.) B.V. |
|
|
Huis Ter Heideweg 16 |
|
|
3705LZ ZEIST |
|
|
KvK: 31035323 |
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Liability declaration |
HITT N.V. (33303093) |
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|
Oude Apeldoornseweg 41 45 |
|
|
7333NR Apeldoorn |
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Issue date: 22-02-2000 |
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Since: 18-05-1998 |
Bank ABN
Amro Bank NV
ING Bank NV
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Real estate |
Lease |
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The real estate is
checked at the land registration office |
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Object code: APELDOORN AD
AD 3213 |
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Owner: Achmea Interne
Diensten N.V. |
MANAGEMENT
Management K.T. Kaminksi Kenneth Thaddeus
Authorization: Fully authorized
Position: Manager
Date appointed: 01-01-2013
Date of birth: 26-08-1961
Other directorships: - Manager: HITT N.V. - Apeldoorn (KvK: 33303093)
L.L. Bergholtz Lars Lennart
Authorization: Fully authorized
Position: General director
Date appointed: 01-01-2013
Date of birth: 04-03-1954
Other directorships: - General director: HITT N.V. - Apeldoorn (KvK: 33303093)
J.M. Schuiteman Jan Martin
Authorization: Fully authorized
Position: Financieel manager
Date appointed: 01-06-2011
Date of birth: 06-04-1972
Other directorships: - Financieel manager: HITT N.V. - Apeldoorn (KvK: 33303093)
S. Doves Sander
Authorization: Limited authorization (max: € 500.000)
Position: Proxy
Date appointed: 17-08-2012
Date of birth: 15-03-1974
M.P.H. Ekkelkamp Marco Paul Hendrik
Authorization: Limited authorization (max: € 250.000)
Position: Proxy
Date appointed: 01-12-2011
Date of birth: 06-05-1965
A. Griesheimer Antoon
Authorization: Limited authorization (max: € 500.000)
Position: Proxy
Date appointed: 01-05-2008
Date of birth: 23-08-1950
G.J. Nagtegaal Gert Jan
Authorization: Limited authorization (max: € 100.000)
Position: Proxy
Date appointed: 01-06-2011
Date of birth: 28-06-1962
Other directorships: - Proxy: HITT N.V. - Apeldoorn (KvK: 33303093)
J.C. Terlouw Jan Cornelis
Authorization: Limited authorization (max: € 500.000)
Position: Proxy
Date appointed: 01-05-2008
Date of birth: 11-06-1964
FINANCIAL INFORMATION
|
Auditor |
Deloitte & Touche |
|
Type of publication |
Consolidated |
|
Annual accounts van |
HITT N.V. |
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|
Oude Apeldoornseweg 41 |
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|
7333NR Apeldoorn |
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|
KvK: 33303093 |
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Publication |
Steady |
|
CORE FIGURES |
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|
|
|
BOOKYEAR |
2011 |
2010 |
2009 |
|
Quick ratio |
1,91 |
2,02 |
2,47 |
|
Current ratio |
1,95 |
2,04 |
2,50 |
|
Nett workingcapital / Balance total |
0,33 |
0,39 |
0,45 |
|
Capital and reserves / Balance total |
0,61 |
0,55 |
0,62 |
|
Capital and reserves / Fixed assets |
1,89 |
2,39 |
2,42 |
|
Solvency |
1,78 |
1,32 |
1,78 |
|
Nett workingcapital |
10.340.000 |
12.239.000 |
11.959.000 |
|
Capital and reserves |
19.341.000 |
17.322.000 |
16.607.000 |
|
Change capital and reserves |
11,66% |
4,31% |
0,33% |
|
change short term liabilities |
-8,01% |
48,32% |
-9,05% |
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|
|||
Annual accounts The published financial information is the consolidated group information.
Last annual accounts 2011
|
Type of publication |
Corporate |
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Turnover |
2008: |
30.847.000 |
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|
2007: |
34.392.000 |
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2006: |
27.875.000 |
|
Operating profit |
2011: |
4.487.000 |
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|
2010: |
2.485.000 |
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2009: |
-25.000 |
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2008: |
1.388.000 |
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2007: |
696.000 |
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2006: |
1.888.000 |
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Result after taxes |
2011: |
3.413.000 |
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2010: |
2.240.000 |
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2009: |
312.000 |
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|
2008: |
4.741.000 |
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2007: |
252.000 |
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|
2006: |
1.850.000 |
Tendency Constant
BALANCE
|
BOOKYEAR |
2011 |
2010 |
2009 |
|
End of bookyear |
31-12-2011 |
31-12-2010 |
31-12-2009 |
|
Intangible
assets |
2.886.000 |
1.280.000 |
1.141.000 |
|
Tangible
assets |
701.000 |
506.000 |
627.000 |
|
Financial
assets |
6.670.000 |
5.451.000 |
5.096.000 |
|
Fixed
assets |
10.257.000 |
7.237.000 |
6.864.000 |
|
|
|||
|
Stocks
and work in progress |
399.000 |
221.000 |
246.000 |
|
Trade debtors |
6.541.000 |
6.253.000 |
4.800.000 |
|
Other amounts receivable |
7.457.000 |
6.573.000 |
8.219.000 |
|
Accounts
receivable |
13.998.000 |
12.826.000 |
13.019.000 |
|
Liquid
assets |
6.813.000 |
11.009.000 |
6.661.000 |
|
Deferred
charges and accrued income |
7.457.000 |
6.573.000 |
8.219.000 |
|
Current
assets |
21.210.000 |
24.056.000 |
19.926.000 |
|
Total
assets |
31.467.000 |
31.293.000 |
26.790.000 |
|
Minority interest |
-5.000 |
-31.000 |
|
|
Capital
and reserves |
19.341.000 |
17.322.000 |
16.607.000 |
|
Provisions |
1.253.000 |
879.000 |
875.000 |
|
Long
term liabilities |
8.000 |
1.306.000 |
1.341.000 |
|
Trade debts suppliers |
1.740.000 |
2.794.000 |
1.376.000 |
|
Other short term debts |
9.130.000 |
9.023.000 |
6.591.000 |
|
Total
short term debt |
10.870.000 |
11.817.000 |
7.967.000 |
|
Total
debt |
10.878.000 |
13.123.000 |
9.308.000 |
|
Total
Liabilities |
31.467.000 |
31.293.000 |
26.790.000 |
History
Consent statements 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 01-01-2013 manager Kenneth Thaddeus Kaminksi appointed.
Per 01-01-2013 manager Lars Lennart Bergholtz appointed.
Per 01-01-2013 manager Sjoerd Jansen out of office.
Per 17-08-2012 is Proxy Sander Doves appointed.
Per 01-12-2011 is Proxy Marco Paul Hendrik Ekkelkamp appointed.
Per 01-12-2011 is Proxy Katrinus Jacobus Harder out of office.
Per 01-06-2011 is Proxy Gert Jan Nagtegaal appointed.
Per 01-06-2011 is Proxy Jan Ruiter out of office.
Per 01-06-2011 is Proxy Jan Martin Schuiteman appointed.
Per 04-03-2010 is Proxy Johannes Hendrikus Maria van Asperen out of office. Per 31-01-2010 is Proxy Geert Otto out of office.
Company structure
• HITT N.V. (33303093) Apeldoorn
o HITT Holland Institute of Traffic Technology
B.V. (08060878) Apeldoorn Subsidiary
Quality Positioning Services (Q.P.S.) B.V.
(31035323)
ZEIST
Subsidiary
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.57 |
|
|
1 |
Rs.84.37 |
|
Euro |
1 |
Rs.72.23 |
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.