MIRA INFORM REPORT

 

 

Report Date :

25.03.2013

 

IDENTIFICATION DETAILS

 

Name :

CERTILAS NETHERLANDS B.V.

 

 

Registered Office :

Einsteinweg 8 6662PW Elst

 

 

Country :

Netherlands

 

 

Financials (as on) :

31.12.2011

 

 

Date of Incorporation :

15.04.1993

 

 

Com. Reg. No.:

09078023

 

 

Legal Form :

Besloten Vennootschap

 

 

Line of Business :

Wholesale of machine-tools

 

 

No. of Employees :

17

 

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 :

Regular

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

Restricted

 

C2

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

Certilas Netherlands B.V.

Tradename

Certilas Netherlands B.V.

Address

Einsteinweg 8

 

6662PW Elst

 

Netherlands

Mail address

Einsteinweg 8

 

6662PW Elst

 

Netherlands

Telephone number

0481365599

Telefax number

0481365590

E-mail address

info@ceweld.com

Website

www.certilas.nl

VAT number / RSIN

809717062

 

 

COMPANY INFORMATION

 

Handelsregisternummer              09078023

Registered in Chamber of commerce       Centraal Gelderland

First registration                                     04-04-2001

Act of foundation                                    29-03-2001

Date of constitution                                15-04-1993

Continuation date                                   29-03-2001

Legal form                                             Besloten Vennootschap

Place of constitution                               Arnhem

 

Issued capital                                        264.538

Paid up capital                                      264.538

 

NACE-code

Wholesale of machine-tools (5181)

SBI-code

Wholesale of machine-tools (4662)

Formal objective

Groothandel in lastoevoegmaterialen en aanverwante artikelen

 

Employees                                Total: 17

Employees according to CoC      Chamber of commerce: 17

 

Bookyear                                 2013                             2012                             2011

Number                                     17                                 17                                 14

Change                                     0,00%                           21,43%                         0,00%

 

 

COMPANY STRUCTURE

 

Shareholder

Laspa Beheer B.V.

 

Mast 3

 

6852CE HUISSEN

 

Netherlands

 

KvK: 09120222

 

Active since: 29-03-2001

 

Percentage: 100.00%

 

Bank                                         ABN Amro Bank NV

Account number: 51.64.57.691

Fortis Bank (Netherlands) NV

Account number: 84.75.64.452

 

Real estate                                Lease

 

 

MANAGEMENT

 

Management                             Laspa Beheer B.V.

Mast 3

6852CE HUISSEN

Netherlands

KvK: 09120222

Authorization: Fully authorized

Position: Manager

Date appointed: 29-03-2001

 

P. Gerritsen

Peter

Authorization: Fully authorized

Position: Manager

Date appointed: 29-03-2001

Date of birth: 07-04-1968

 

P.L.J. Bovendeerd

Patricius Lucia Johannes

Authorization: Fully authorized

Position: Managing Director

Date appointed: 01-04-2008

Date of birth: 20-04-1968

 

 

PAYMENT INFORMATION

 

Payment experiences                 Payments are regular

 

Payments                                 Based on multiple payment experiences up to € 7.500

Quarter: 2 2012: 81 Average days

Quarter: 3 2012: 73 Average days

Quarter: 4 2012: 62 Average days

Quarter: 1 2013: 46 Average days

 

 

 

invoices

current quarter

2012 Q4

2012 Q3

2012 Q2

Total

20

100%

4.771

4.934

5.153

5.397

Within terms

7

56,7%

2.707

1.805

945

215

Delayed 0 - 30

10

43,3%

2.064

2.390

3.205

4.073

Delayed 31 - 60

3

0,0%

 

739

1.003

1.109

Delayed 61 - 90

 

 

 

 

 

 

Delayed 91-120

 

 

 

 

 

 

Delayed 120+ days

 

 

 

 

 

 

 

 

FINANCIAL INFORMATION

 

Publication financial statement

Annual accounts 2011 are published on 01-02-2013

Annual accounts 2010 are published on 20-02-2012

 Annual accounts 2009 are published on 08-02-2011

Type of publication

Publication

Corporate

Publication according to obligations by law

 

 

CORE FIGURES

 

 

 

BOOKYEAR

2011

2010

2009

Quick ratio

1,35

1,71

2,23

Current ratio

1,35

1,71

2,23

Nett workingcapital / Balance total

0,23

0,37

0,50

Capital and reserves / Balance total

0,33

0,48

0,58

Capital and reserves / Fixed assets

3,28

4,08

6,81

Solvency

0,50

0,92

1,42

Nett workingcapital

989.865

1.087.028

1.902.457

Capital and reserves

1.406.841

1.406.841

2.189.636

Change capital and reserves

0,00%

-35,75%

 

change short term liabilities

83,71%

-0,97%

 

 

Annual accounts                        The company is obligated to publish its annual accounts

Last annual accounts                 2011

 

Tendency                                  Changeable

 

Capital and reserves                   2011 1.406.841

Total debt                                  2011 2.820.417

Current ratio                              2011 1,35

Quick ratio                                2011 1,35

Nett workingcapital                     2011 989.865

 

Profitability                                Not to be judged

Solvency                                   Satisfactory

Liquidity                                    Satisfactory

 

Currency                                   Euro

 

BALANCE

 

BOOKYEAR

2011

2010

2009

End of bookyear

31-12-2011

31-12-2010

31-12-2009

Other tangible assets

429.476

344.813

321.712

Tangible assets

429.476

344.813

321.712

Fixed assets

429.476

344.813

321.712

 

Other amounts receivable

3.797.782

2.615.448

3.445.873

Accounts receivable

3.797.782

2.615.448

3.445.873

Deferred charges and accrued income

3.797.782

2.615.448

3.445.873

Current assets

3.797.782

2.615.448

3.445.873

Total assets

4.227.258

2.960.261

3.767.585

 

Capital and reserves

1.406.841

1.406.841

2.189.636

Provisions

12.500

25.000

32.000

Long term liabilities

 

 

2.533

Total short term debt

2.807.917

1.528.420

1.543.416

Total debt

2.820.417

1.553.420

1.577.949

Total Liabilities

4.227.258

2.960.261

3.767.585

 

 

Company structure

• Certilas Netherlands B.V. (09078023)

Elst

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.54.33

UK Pound

1

Rs.82.56

Euro

1

Rs.70.10

 

 

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%)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.