MIRA INFORM REPORT

 

 

Report Date :

12.11.2013

 

IDENTIFICATION DETAILS

 

Name :

BESI NETHERLANDS B.V.

 

 

Registered Office :

Ratio 6 6921RW Duiven

 

 

Country :

Netherlands

 

 

Financials (as on) :

2012

 

 

Date of Incorporation :

05.07.1989

 

 

Com. Reg. No.:

09065977

 

 

Legal Form :

Private Company

 

 

Line of Business :

·                  Manufacture of machinery for the processing of rubber and plastics

·                  Engineering activities and related technical consultancy on mechanics

 

 

No. of Employees :

260

 

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 :

Moderate

Payment Behaviour :

Slow but correct

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

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

COMPANY NAME AND ADDRESS

 

Company name

Besi Netherlands B.V.

Tradename

Besi Netherlands B.V.

Address

Ratio 6

 

6921RW Duiven

 

Netherlands

Mail address

Postbus 242

 

6920AE Duiven

 

Netherlands

Telephone number

0263196100

Telefax number

0263196200

E-mail address

info@fico.nl

Website

www.fico.nl

VAT number / RSIN

008817121

 

 

COMPANY INFORMATION

 

Handelsregisternummer                         09065977

Registered in                                         Chamber of commerce Centraal Gelderland

First registration                                     05-07-1989

Act of foundation                                    29-06-1989

Date of constitution                                20-02-1989

Continuation date                                   29-06-1989

Last change in statutes                          18-12-2012

Legal form                                             Private Company

Place of constitution                               Duiven

Issued capital                                        18.300

Paid up capital                                       18.300

 

NACE-code

Manufacture of machinery for the processing of rubber and plastics (295601) Engineering activities and related technical consultancy on mechanics (74205)

SBI-code

Manufacture of plastic and rubber machinery (2896)

Formal objective

Het ontwikkelen en vervaardigen van en de groothandel in, import en export van hoogwaardige precisie-equipment ten behoeve van de high-tech industrie; hetgeen daarmee verband houdt of daartoe bevorderlijk kan zijn

Export

Germany, Italy, Malta, Morocco, Portugal, United States of America, Asia

 

Employees

Total: 260

 

 

Employees according to CoC

Chamber of commerce: 260

 

 

Bookyear

2013

2007

1993

Number

260

39

39

Change

566,67%

0,00%

 

 

 

COMPANY STRUCTURE

 

Shareholder

Fico International B.V.

 

Ratio 6

 

6921RW DUIVEN

 

Netherlands

 

KvK: 09024761

 

Active since: 01-01-1990

 

Percentage: 100.00%

Ultimate parent company

BE Semiconductor Industries N.V.

 

Ratio 6

 

6921RW DUIVEN

 

KvK: 09092395

Holding company

Fico International B.V.

 

Ratio 6

 

6921RW DUIVEN

 

KvK: 09024761

Liability declaration

Fico International B.V. (09024761.0001)

 

Ratio 6

 

6921RW DUIVEN

 

Issue date: 20-04-1995

 

Since: 14-04-1995

 

Bank

ABN Amro Bank NV

 

Account number: 53.59.44.349

 

ING Bank NV

 

Account number: 65.39.60.581

 

Real estate

Lease

 

The real estate is checked at the land registration office

 

Object code: DUIVEN F 1512

 

 

MANAGEMENT

 

Management                 Fico International B.V.

Ratio 6

6921RW DUIVEN

Netherlands

KvK: 09024761

Authorization: Fully authorized

Position: Manager

Date appointed: 25-06-1997

 

R.W. Blickman Richard Willem

Authorization: Fully authorized Position: Manager Date appointed: 07-04-1992 Date of birth: 22-02-1954 Other directorships:

- Commissaris: Koning & Hartman B.V. - (KvK: 34222312)

J.C. in Hennepe Jan Cornelis

Authorization: Limited authorization Position: Vice president Date appointed: 01-10-2011 Date of birth: 05-12-1958

 

 

M.H.W. Peters

Manfred Henricus Wilhelmus Authorization: Limited authorization Position: Proxy Date appointed: 01-03-2011 Date of birth: 19-04-1972

L.P.C. Verweijen

Leon Petrus Catharina

Authorization: Limited authorization

Position: Proxy

Date appointed: 01-10-2011

Date of birth: 03-07-1976

Payments are regular

Based on multiple payment experiences up to € 25.000

 

 

PAYMENT INFORMATION

 

Payment experiences                 Payments are regular

Payments                                 Based on multiple payment experiences up to € 25.000

Quarter: 1 2013: 44 Average days

Quarter: 2 2013: 63 Average days

Quarter: 3 2013: 55 Average days

Quarter: 4 2013: 54 Average days

 

 

invoices

current quarter

2013 Q3

2013 Q2

2013 Q1

Total

190

100%

65.442

70.220

81.755

85.710

Within terms

88

57,2%

37.465

39.397

27.915

63.351

 

 

Delayed 31 - 60             75   37,1%  24.262        25.430    27.083    20.255

Delayed 61 - 90             27   5,7%    3.715          5.393    26.757    2.104

Delayed 91 - 120

Delayed 120+ days

 

 

FINANCIAL INFORMATION 

 

Type of publication

Consolidated

Annual accounts van

Fico International B.V.

 

Ratio 6

 

6921RW DUIVEN

 

KvK: 09024761

Publication

Steady

 

 

CORE FIGURES  

          

BOOKYEAR

2012

2011

2010

Quick ratio

0,95

0,62

0,56

Current ratio

1,94

1,46

1,23

Nett workingcapital / Balance total

0,42

0,26

0,15

Capital and reserves / Balance total

-0,09

-0,09

-0,08

Capital and reserves / Fixed assets

-0,60

-0,50

-0,37

Solvency

-0,08

-0,10

-0,08

Nett workingcapital

36.560.000

20.822.000

11.609.000

Capital and reserves

-7.588.000

-7.215.000

-6.109.000

Change capital and reserves

-5,17%

-18,10%

-121,66%

change short term liabilities

-13,79%

-10,23%

36,52%

Nett Turnover

121.676.000

102.788.000

95.428.000

Operating profit

3.459.000

1.520.000

-27.873.000

 

 

Annual accounts                                    The published financial information is the consolidated group information.

 

Last annual accounts                             2012

 

Type of publication

Corporate

Turnover

2012:

121.676.000

 

2011:

102.788.000

 

2010:

95.428.000

 

2009:

40.563.000

 

2008:

67.538.000

 

2007:

84.989.000

 

2006:

92.662.000

Gross profit

2012:

22.730.000

 

2011:

19.468.000

 

2010:

21.279.000

 

2009:

-1.423.000

 

2008:

15.680.000

 

2007:

24.962.000

 

2006:

28.105.000

Operating profit

2012:

3.459.000

 

2011:

1.520.000

 

2010:

-27.873.000

 

2009:

-19.174.000

 

 

 

 

 

 

 

2008: -5.447.000

2007: -4.010.000

2006: 3.447.000

 

Result after taxes           2012: -927.000

2011: -901.000

2010: -31.738.000

2009: -21.261.000

2008: -4.624.000

2007: -2.902.000

2006: 1.187.000

 


Capital and reserves                   2012 -7.588.000

Total debt                                  2012 95.652.000

Current ratio                              2012 1,94

Quick ratio                                2012 0,95

Nett workingcapital                     2012 36.560.000

 

Profitability                                Negative

Solvency                                   Negative


Liquidity                                    Positive
Currency                                   Euro

 

 

balance

 

BOOKYEAR

2012

2011

2010

End of bookyear

31-12-2012

31-12-2011

31-12-2010

Intangible assets

3.092.000

3.976.000

5.669.000

Tangible assets

9.645.000

10.416.000

10.947.000

Fixed assets

12.737.000

14.392.000

16.616.000

 

Stocks and work in progress

38.434.000

37.967.000

33.760.000

Accounts receivable

20.108.000

24.688.000

22.006.000

Liquid assets

16.785.000

3.134.000

5.936.000

Current assets

75.327.000

65.789.000

61.702.000

Total assets

88.064.000

80.181.000

78.318.000

 

Capital and reserves

-7.588.000

-7.215.000

-6.109.000

Provisions

2.866.000

4.129.000

2.629.000

Achtergestelde leningen

 

8.000.000

8.000.000

Financial debts

 

8.000.000

8.000.000

other long term debts

 

22.300.000

15.705.000

Long term liabilities

54.019.000

30.300.000

23.705.000

Total short term debt

38.767.000

44.967.000

50.093.000

Total debt

95.652.000

79.396.000

76.427.000

Total Liabilities

88.064.000

80.181.000

78.318.000

 

 

PROFIT & LOSS ACCOUNT 

          

BOOKYEAR

2012

2011

2010

Turnover

121.676.000

102.788.000

95.428.000

Nett Turnover

121.676.000

102.788.000

95.428.000

Gross profit

22.730.000

19.468.000

21.279.000

Wages employees

 

 

23.431.000

Sales costs

19.271.000

83.320.000

24.576.000

Depreciation and amortization

 

1.632.000

 

Other operating charges

 

16.316.000

1.145.000

Operating charges

118.217.000

101.268.000

123.301.000

Operating profit

3.459.000

1.520.000

-27.873.000

Financial income

5.000

22.000

35.000

Financial charges

3.138.000

2.904.000

2.565.000

Financial result

-3.133.000

-2.882.000

-2.530.000

Result before taxes

326.000

-1.362.000

-30.403.000

Income taxes

1.253.000

-461.000

1.335.000

Result after taxes

-927.000

-901.000

-31.738.000

Nett result

-927.000

-901.000

-31.738.000

 

History

 

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 04-06-2013 is Proxy Brigitt Maria Adriana Roques-Terbonssen out of office.

Per 01-10-2011 is Proxy Leon Petrus Catharina Verweijen appointed.

Per 01-10-2011 is Proxy Jan Cornelis in Hennepe appointed.

Per 01-03-2011 is Proxy Manfred Henricus Wilhelmus Peters appointed.

Per 01-01-2011 is Proxy Bernardus Johannes Franciscus Heering out of office.

Per 01-09-2010 manager Jan Willem Ruinemans out of office.

Per 09-08-2010 is Proxy Brigitt Maria Adriana Roques-Terbonssen out of office.

Per 01-08-2010 is Proxy Brigitt Maria Adriana Roques-Terbonssen appointed.

 

 

Company structure

 

BE Semiconductor Industries N.V. (09092395) DUIVEN

 

o Fico International B.V. (09024761) DUIVEN Subsidiary

 

■Besi Netherlands B.V. (09065977) Duiven

Subsidiary (100%) o ESEC International B.V. (09195393)

DUIVEN

Subsidiary

 

o Besi Asia Pacific Holding B.V. (17187742)

DUIVEN

 

Subsidiary o Meco International B.V. (18044132)

DRUNEN

Subsidiary

 

■Meco Equipment Engineers B.V. (18043809)

DRUNEN

Subsidiary

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.63.30

UK Pound

1

Rs.101.36

Euro

1

Rs.84.60

 

 

INFORMATION DETAILS

 

Report Prepared by :

NIS

 

 

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.
 
 


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