MIRA INFORM REPORT

 

 

Report Date :

15.10.2013

 

IDENTIFICATION DETAILS

 

Name :

LANKHORST ENGINEERED PRODUCTS B.V.

 

 

Registered Office :

2 Prinsengracht, SNEEK 8607AD

 

 

Country :

Netherlands

 

 

Date of Incorporation :

05.11.1976

 

 

Com. Reg. No.:

01042093

 

 

Legal Form :

Private limited liability company

 

 

Line of Business :

Manufacture of other plastic products

 

 

No. of Employees :

Not Available

 

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 :

Unknown

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

 

LANKHORST ENGINEERED PRODUCTS B.V.

 

 

Company Summary

 

Company Name           Lankhorst Engineered Products       Company Registration Number    01042093

B.V.

Country            NL       

Activity Code   2229      Activity Description      Manufacture of other plastic products

Company Status          Other    

 

 

Company Identification

 

Activities

Activity Code               2229

Activity Description      Vervaardiging van overige producten van kunststof

 

 

Basic Information

 

Company Name                                   Lankhorst Engineered Products B.V.     

Registered Company Name                Lankhorst Engineered Products B.V.

Company Registration Number           01042093         

Country                                                NL

Date of Company Registration            05/11/1976       

Legal Form                                          Private limited liability company (BV)

with ordinary structure

Company Status                                  Other

Principal Activity Code                        2229     

Principal Activity Description Manufacture of other plastic products

Contact Address                                  2   Prinsengracht,   SNEEK   8607AD   

Contact Telephone Number                0515487492

 

Main Address

 

Address          2   Prinsengracht,   SNEEK   8607AD

Country            NL

 

 

Other Addresses

 

Address          2   Prinsengracht,   SNEEK   8607AD

Telephone       0515487492

 

 

Web Addresses

www.lankhorst-recycling.nl

 

 

Current Directors Managers

 

Name               José  L. Guerreiro Gramaxo

Gender             Male

Position            Authorised Signatory

 

 

Share Capital Structure

 

Issued Share capital    18,000.00 (EUR)

Name                           Lankhorst Sneek B.V.

Address                      2 Prinsengracht, SNEEK 8607AD

Share Percent             100.00 %

 

 

Extended Group Structure

 

  Company Name                                               Registration Number                                 Status        Last Financials

  0  WRCA (LUXEMBOURG) HOLDINGS S.À R.L.                                                Other

  1  WireCo Dutch Acquisition B.V.                          554819730000                      Active

2  Koninklijke Lankhorst-Euronete group B.V.

010814280000

Active

31/12/2011

3  Lankhorst Sneek B.V.

010103250000

Other

31/12/2008

4  Lankhorst Pure Composites B.V.

010352140000

Other

 

4  Lankhorst Engineered Products B.V.

010420930000

Other

 

5  Lankhorst Mouldings B.V.

010729030000

NonActive

 

5  Lankhorst/Recycling Products B.V.

010905280000

NonActive

 

5  Ekon B.V.

140466300000

Other

 

4  Lankhorst Touwfabrieken B.V.

010431700000

Other

 

4  Lankhorst Indutech Cerfil B.V.

230093200000

NonActive

 

 

 

Affiliated Companies

 

Affiliate Name WireCo Dutch Acquisition B.V.

Affiliate ID        NL007/X/554819730000

Country            NL

 

Affiliate Name Koninklijke Lankhorst-Euronete group B.V.

Affiliate ID        NL007/X/010814280000

Country            NL

 

Affiliate Name Lankhorst Pure Composites B.V.

Affiliate ID        NL007/X/010352140000

Country            NL

 

Affiliate Name Lankhorst Touwfabrieken B.V.

Affiliate ID        NL007/X/010431700000

Country            NL

 

Affiliate Name Lankhorst Indutech Cerfil B.V.

Affiliate ID        NL007/X/230093200000

Country            NL

 

 

Additional Information

 

MISCELLANEOUS

 

Ceased Trading Date

Exporter           Yes

Importer

 

 

INDUSTRY COMPARISON

 

Industry Avg Credit Limit         75,378.56 (EUR)

Industry Avg Credit Rating      50.94

 

 

PAYMENT EXPECTATIONS SUMMARY

 

Payment Expectation Days                             Industry Avg Payment

Expectation Days                    34.50

DaySalesOutstanding                           Industry Avg Day Sales

Outstanding                             41.79

Suspension Of Payments Mora           No

 

Industry Quartile Analysis

 

PAYMENT EXPECTATION DAYS

 

Payment Expectations  Lower             20.78

Payment Expectations Median           45.18

Payment Expectations Upper 53.60

 

 

DAY SALES OUTSTANDING

 

Day Sales Outstanding Lower             22.02

Day Sales Outstanding Median           32.11

Day Sales Outstanding Upper             36.38

 

 

LETTERS OF LIABLILITY INFORMATION

 

Financial Year                                     2012

Company Name           Koninklijke Lankhorst- Euronete group B.V.

Company Number       01081428

 

Letters of liablility start date                   28.06.2012        Letters of liablility submitted date            02/07/2012       


 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.61.30

UK Pound

1

Rs.97.99

Euro

1

Rs.83.15

 

 

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.