MIRA
INFORM REPORT
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Report Date : |
05.06.2013 |
IDENTIFICATION DETAILS
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Name : |
A. JANSEN MACHINEHANDEL B.V. |
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Registered Office : |
Bredaseweg 210 Etten-Leur, 4873 LA |
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Country : |
Netherlands |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
19.09.1984 |
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Com. Reg. No.: |
20031737 |
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Legal Form : |
Private Subsidiary |
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Line of Business : |
Subject is engaged in wholesale of mining, construction
and civil engineering machinery. |
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No. of Employees : |
9 |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Moderate |
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Payment Behaviour : |
Slow |
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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, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
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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.
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Source
: CIA |
Company name and address
A. JANSEN MACHINEHANDEL B.V.
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Bredaseweg 210 Etten-Leur, 4873 LA Netherlands
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Business Description
A. Jansen Machinehandel B.V. is primarily engaged in
wholesale of mining, construction and civil engineering machinery.
Industry
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Industry |
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ANZSIC 2006: |
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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: |
Key Executives
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Name |
Title |
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Josephus Jansen |
Managing director |
Registered No.(NLD): 20031737
1 - Profit & Loss Item Exchange Rate: USD 1 = EUR 0.7191895
2 - Balance Sheet Item Exchange Rate:
USD 1 = EUR 0.770327
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ANZSIC 2006 Codes: |
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3411 |
- |
Agricultural and Construction Machinery Wholesaling |
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NACE 2002 Codes: |
||
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5182 |
- |
Wholesale of mining, construction and civil engineering
machinery |
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NAICS 2002 Codes: |
||
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423810 |
- |
Construction and Mining (except Oil Well) Machinery and
Equipment Merchant Wholesalers |
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US SIC 1987: |
||
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5084 |
- |
Industrial Machinery and Equipment |
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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 |
A. Jansen Machinehandel B.V. is primarily engaged in wholesale of mining, construction and civil engineering machinery.
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Corporate
Family
Corporate Structure News
Total Corporate Family Members: 2
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Company Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
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Holdingmaatschappij A. Jansen Rijsbergen B.V. |
Parent |
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Subsidiary |
Etten-Leur, Noord-Brabant |
Netherlands |
Construction and Agriculture Machinery |
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9 |
Executives
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Managing director |
Managing Director |
Annual
Balance Sheet
Financials
in: USD (mil)
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|
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
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Filed Currency |
EUR |
EUR |
EUR |
|
Exchange Rate |
0.770327 |
0.745406 |
0.696986 |
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Consolidated |
No |
No |
No |
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Other reserves |
0.5 |
0.2 |
-0.2 |
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Total reserves |
0.0 |
0.0 |
0.0 |
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Total stockholders equity |
0.5 |
0.2 |
-0.2 |
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Provisions and allowances |
0.1 |
0.1 |
0.1 |
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Total long-term liabilities |
0.1 |
0.1 |
- |
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Total current liabilities |
2.5 |
2.1 |
2.3 |
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Total liabilities (including net worth) |
3.1 |
2.5 |
2.2 |
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Net stocks and work in progress |
1.0 |
1.0 |
1.1 |
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Total receivables |
0.9 |
1.1 |
1.0 |
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Cash and liquid assets |
1.2 |
0.3 |
0.0 |
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Total current assets |
3.1 |
2.5 |
2.2 |
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Total assets |
3.1 |
2.5 |
2.2 |
Annual
Ratios
Financials in: USD (mil)
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|
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
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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 |
0.770327 |
0.745406 |
0.696986 |
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Consolidated |
No |
No |
No |
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Current ratio |
1.30 |
1.20 |
1.00 |
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Acid test ratio |
0.80 |
0.70 |
0.50 |
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Current liabilities to net worth |
4.94% |
10.00% |
-10.00% |
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Net worth |
0.5 |
0.2 |
-0.2 |
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Number of employees |
7 |
9 |
8 |
FOREIGN EXCHANGE RATES
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Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.56.64 |
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|
1 |
Rs.86.68 |
|
Euro |
1 |
Rs.73.97 |
INFORMATION DETAILS
|
Report Prepared
by : |
SDA |
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 |
---- |
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.