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Report Date : |
02.09.2013 |
IDENTIFICATION DETAILS
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Name : |
SCHMITS INTERNATIONAL B.V. |
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Registered Office : |
48 Bedrijvenpark Twente, ALMELO 7602KB |
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Country : |
Netherland |
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Financials (as on) : |
2011 |
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Date of Incorporation : |
14.04.1993 |
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Com. Reg. No.: |
06069791 |
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Legal Form : |
Private limited liability company (BV) with ordinary structure |
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Line of Business : |
Manufacture of other chemical products |
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No. of Employees : |
10 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Slow but Correct |
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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) |
|
Netherland |
A1 |
A1 |
|
Risk Category |
ECGC Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
NETHERLAND - 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 SCHMITS
INTERNATIONAL B.V.
Company Registration Number 06069791
Country NL
Activity Code 205903
Activity Description Manufacture of
other chemical products
Company Status Active
Activities
Activity Code 205903
Activity Description Vervaardiging van
overige chemische producten n.e.g.
Basic Information
Company Name Schmits
International B.V.
Registered Company Name Schmits
International B.V.
Company Registration Number 06069791
Country NL
Date of Company Registration 14/04/1993
Commercial Court Legal Form Private limited
liability company (BV) with ordinary structure
Type of Ownership Company Status Active
Principal Activity Code 205903
Principal Activity Description Manufacture of
other chemical products
Contact Address 48 Bedrijvenpark
Twente, ALMELO
7602KB
Contact Telephone Number 0546574060
Address 48 Bedrijvenpark
Twente, ALMELO 7602KB
Country NL
Other Addresses
Address 48 Bedrijvenpark
Twente, ALMELO 7602KB
Telephone 0546574060
Web Addresses
www.schmits.nl
Issued Share capital 18,151.00 (EUR)
Name Schmits Participatie
B.V.
Address 48 Bedrijvenpark
Twente, ALMELO 7602KB
Share Percent 100.00 %
Company Name Registration Number Status Last Financials
1 Schmits Participatie B.V. 081555890000 Active 31/12/2011
2 Schmits International B.V. 060697910000 Active 31/12/2011
2 Schmits Nederland B.V. 060656260000 Active 31/12/2011
Affiliate Name Schmits Nederland
B.V.
Affiliate ID NL007/X/060656260000
Country NL
Year 2011
Number of Employees 10
Year 2010
Number of Employees 11
Year 2009
Number of Employees 11
Year 2008
Number of Employees 7
Year 2007
Number of Employees 7
Balancesheet
Financial Year
2011 2010 2009
Number of Weeks 52 52 52
Currency EUR EUR EUR Consolidated Accounts False False False
Total Tangible Assets 3,876.00 7,747.00
12,861.00
Investments 0.00 0.00 0.00
Total Fixed Assets 3,876.00 7,747.00
12,861.00
Total Inventories
31,745.00 19,642.00
Miscellaneous Receivables 650,021.00 1,048,188.00 444,300.00
Total Receivables 650,021.00 1,048,188.00 444,300.00
Cash 22,236.00 86,980.00
51,992.00
Other Current Assets
0.00 0.00 0.00
Total Current Assets 672,257.00 1,166,913.00 515,934.00
Total Assets 676,133.00 1,174,660.00 528,795.00
Miscellaneous Liabilities 429,214.00 903,741.00 233,876.00
Total Current Liabilities 429,214.00 903,741.00 233,876.00
Miscellaneous Liabilities
due after 1 year 70,000.00 94,000.00 118,000.00
Total Long Term Liabilities
70,000.00 94,000.00
118,000.00
Total Liabilities
499,214.00 997,741.00 351,876.00
Called Up Share Capital
18,151.00 18,151.00
18,151.00
Revenue Reserves 0.00 0.00 0.00
Other Reserves 158,768.00 158,768.00 158,768.00
Total Shareholders Equity 176,919.00 176,919.00 176,919.00
Other Financials
Working Capital 243,043.00 263,172.00 282,058.00
Net Worth 176,919.00 176,919.00 176,919.00
Ratios
Current Ratio 1.57 1.29 2.21
Liquidity Ratio/Acid Test 1.57 1.26 2.12
Current Debt Ratio 2.43 5.11 1.32
Gearing 39.57 53.13
66.70
Equity in Percentage
26.17 15.06
33.46
Total Debt Ratio 2.82 5.64 1.99
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.57 |
|
|
1 |
Rs.103.34 |
|
Euro |
1 |
Rs.88.16 |
INFORMATION DETAILS
|
Report Prepared
by : |
SDA |
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 |
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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 |
|
<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.