MIRA INFORM REPORT
|
Report Date : |
09.05.2013 |
IDENTIFICATION DETAILS
|
Name : |
WIND-FIX EUROPE B.V. |
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Registered Office : |
Bokkerijder 24, 5571 MX Bergeijk |
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|
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Country : |
Netherlands |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
31.03.1993 |
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Com. Reg. No.: |
17079017 |
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Legal Form : |
Limited Company |
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|
|
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Line of Business : |
Manufacturer
of other fabricated metal products (287503) |
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|
No. of Employees : |
01 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Small Company |
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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) |
|
Netherlands |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
|
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 |
CONTACT INFORMATION
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Company name |
Wind-Fix Europe B.V. |
|
|
|
|
Tradename |
Wind-Fix
Europe |
|
|
|
|
Address |
Bokkerijder
24 |
|
|
5571
MX Bergeijk |
|
|
Netherlands |
|
|
|
|
Mail address |
Postbus
93 |
|
|
5570AB
Bergeijk |
|
|
Netherlands |
|
|
|
|
Telephone number |
0497552929 |
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Telefax number |
0497552955 |
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E-mail address |
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|
Website |
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|
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VAT number / RSIN |
801736183 |
COMPANY INFORMATION
Handelsregisternummer 17079017
Registered in Chamber of commerce
Brabant
First registration 31-03-1993
Act of foundation 29-03-1993
Date of constitution 01-06-1982
Continuation date 29-03-1993
Last change in statutes 13-11-2007
Legal form Besloten
Vennootschap (Limited Company)
Place of constitution Bergeijk
|
Issued
capital |
18.945 |
|
|
Paid up
capital |
18.945 |
|
|
NACE-code |
Manufacture
of other fabricated metal products (287503) |
|
|
Local
courier activities (64122) |
|
SBI-code |
Manufacture
of other metal products n.e.c. (2599) |
|
Formal objective |
In- en
verkopen, het im- en exporteren en het (laten) produceren van producten
gemaakt |
|
|
van
metaal |
|
Employees |
Total:
1 |
|
|
|
|
Bookyear |
|
2012 |
2011 |
2010 |
|
Number Change |
|
1 -50,00% |
2 -33,33% |
3 200,00% |
COMPANY STRUCTURE
|
Shareholder |
Multi-fix
Group B.V. |
|
|
Bokkerijder
24 |
|
|
5571MX
Bergeijk |
|
|
Netherlands |
|
|
KvK:
17179136 |
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|
Active
since: 20-05-2011 |
|
|
Percentage:
100.00% |
|
Ultimate parent company |
Foundation
Toekomst Burgmans |
|
|
Bokkerijder
24 |
|
|
5571MX
BERGEIJK |
|
|
KvK:
17156951 |
|
Holding company |
Multi-fix
Group B.V. |
|
|
Bokkerijder
24 |
|
|
5571MX
Bergeijk |
|
|
KvK:
17179136 |
|
Affiliated companies |
Multi-Fix
B.V. |
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|
Bokkerijder
24 |
|
|
5571MX
Bergeijk |
|
|
KvK:
17048453 |
|
|
MF
Special Products B.V. |
|
|
Bokkerijder
24 |
|
|
5571MX
BERGEIJK |
|
|
KvK:
17128936 |
Bank Rabobank
Netherlands
MANAGEMENT
Management Multi-fix
Group B.V.
Bokkerijder 24
5571MX Bergeijk
Netherlands
KvK: 17179136
Authorization: Fully authorized
Position: Manager
Date appointed: 23-06-2005
PAYMENT INFORMATION
|
Payment experiences |
Payments
are slightly delayed |
FINANCIAL INFORMATION
Publication financial statement Annual
accounts 2011 are published on 15-02-2013
Annual accounts 2010 are published on
27-02-2012
Annual accounts 2008 are published on
18-09-2009
Annual accounts 2007 are published on
02-09-2008
Type of publication Corporate
Publication Publication
according to obligations by law
|
CORE FIGURES |
|
|
|
|
BOOKYEAR |
2011 |
2010 |
2008 |
|
Quick ratio |
0,66 |
0,61 |
0,80 |
|
Current ratio |
0,69 |
0,65 |
1,03 |
|
Nett workingcapital
/ Balance total |
-0,45 |
-0,55 |
0,02 |
|
Capital and
reserves / Balance total |
-0,45 |
-0,55 |
0,02 |
|
Capital and
reserves / Fixed assets |
-670,65 |
- |
- |
|
Solvency |
-0,31 |
-0,35 |
0,03 |
|
Nett workingcapital |
-744.858 |
-529.275 |
67.828 |
|
Capital and
reserves |
-743.749 |
-529.275 |
67.828 |
|
Change capital and
reserves |
-40,52% |
-880,32% |
|
|
change short term
liabilities |
60,17% |
-43,62% |
|
|
Operating profit |
|
630.318 |
861.000 |
Annual accounts The company is obligated to publish its annual accounts
Last annual accounts 2011
|
Type of publication |
Consolidated |
|
|
Gross
profit |
2010: |
6.893.645 |
|
|
2009: |
5.892.837 |
|
|
2008: |
7.792.000 |
|
|
2007: |
7.557.000 |
|
|
2006: |
6.742.000 |
|
Operating
profit |
2010: |
630.318 |
|
|
2009: |
479.920 |
|
|
2008: |
861.000 |
|
|
2007: |
2.438.000 |
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|
2006: |
2.624.000 |
|
Result
after taxes |
2010: |
170.311 |
|
|
2009: |
45.264 |
|
|
2008: |
1.003.000 |
|
|
2007 |
2.121.000 |
|
|
2006 |
2.019.000 |
Balance sheet
|
BOOKYEAR |
2011 |
2010 |
2008 |
|
End of bookyear |
31-12-2011 |
31-12-2010 |
31-12-2008 |
|
Tangible assets |
1.109 |
|
|
|
Fixed assets |
1.109 |
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|
|
|
|||
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Stocks and work in
progress |
60.192 |
49.864 |
587.545 |
|
Accounts receivable |
1.594.952 |
919.297 |
2.138.123 |
|
Liquid assets |
|
|
42 |
|
Current assets |
1.655.144 |
969.161 |
2.725.710 |
|
Total assets |
1.656.253 |
969.161 |
2.725.710 |
|
|
|||
|
Capital and
reserves |
-743.749 |
-529.275 |
67.828 |
|
Total short term
debt |
2.400.002 |
1.498.436 |
2.657.882 |
|
Total debt |
2.400.002 |
1.498.436 |
2.657.882 |
|
Total Liabilities |
1.656.253 |
969.161 |
2.725.710 |
|
|
|||
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PROFIT & LOSS
ACCOUNT |
|
|
|
|
BOOKYEAR |
|
2010 |
2008 |
|
Gross profit |
|
6.893.645 |
7.792.000 |
|
Wages employees |
|
3.470.498 |
3.529.000 |
|
Depreciation and
amortization |
|
657.539 |
525.000 |
|
Other operating
charges |
|
2.135.290 |
2.877.000 |
|
Operating charges |
|
6.263.327 |
6.931.000 |
|
Operating profit |
|
630.318 |
861.000 |
|
Financial income |
|
99.437 |
214.000 |
|
Financial charges |
|
282.202 |
76.000 |
|
Financial result |
|
-182.765 |
138.000 |
|
Result
participations |
|
|
-55.000 |
|
Result before taxes |
|
447.553 |
945.000 |
|
Income taxes |
|
238.144 |
-58.000 |
|
Result after taxes |
|
209.409 |
1.003.000 |
|
Extraordinary
income |
|
2.126 |
|
|
Extraordinary
result |
|
2.126 |
|
|
Extraordinary
result after taxes |
|
2.126 |
|
|
Nett result |
|
170.311 |
1.003.000 |
|
Income attributable
to minority interest |
|
41.224 |
|
Company structure
Foundation Toekomst Burgmans (17156951)
BERGEIJK
Burgmans A.F. Beheer B.V. (17078800)
BERGEIJK
Subsidiary
AFP OG B.V. (17172362)
BERGEIJK
Subsidiary (100%)
Multi-fix Group B.V. (17179136)
Bergeijk
Management relation
Multi-Fix B.V. (17048453)
Bergeijk
Subsidiary (100%)
Wind-Fix Europe B.V. (17079017)
Bergeijk
Subsidiary (100%)
MF Special Products B.V. (17128936)
BERGEIJK
Subsidiary (100%)
Turbu.Com B.V. (17118623)
BERGEIJK
Subsidiary
Turbu.Com.International B.V. (17142919)
BERGEIJK
Subsidiary (100%)
AFP Investments B.V. (17153879)
BERGEIJK
Subsidiary
Turbu.Com Mobile Phone's B.V. (17154419)
BERGEIJK
Subsidiary (100%)
Turbu.Com Trading B.V. (17156964)
BERGEIJK
Subsidiary (100%)
Turbu.Com Netherlands B.V. (17156966)
BERGEIJK
Subsidiary (100%)
Turbu.Com Telecom B.V. (17156970)
BERGEIJK
Subsidiary (100%)
B&B Tickets B.V. (17156969)
BERGEIJK
Management relation
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.16 |
|
UK Pound |
1 |
Rs.83.88 |
|
Euro |
1 |
Rs.70.99 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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.