MIRA
INFORM REPORT
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Report Date : |
16.04.2014 |
IDENTIFICATION DETAILS
|
Name : |
QUANTA SERVICES NETHERLANDS
B.V. |
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Registered Office : |
Herikerbergweg 238Luna ArenA, 1101CM Amsterdam Zuidoost |
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Country : |
Netherlands |
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Financials (as on) : |
31.12.2012 |
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Date of Incorporation : |
08.04.2010 |
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Com. Reg. No.: |
KvK-nummer: 24492801 |
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Legal Form : |
PRIVATE COMPANY |
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Line of Business : |
The provision of (specialized) services in the field of transportation, distribution and storage systems for electricity, oil, (natural) gas, chemicals, telecommunications and cable television and for generating renewable energy |
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No. of Employees |
1 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
Eur 300.000 |
|
Status : |
Satisfactory |
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Payment Behaviour : |
No complaints |
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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 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
Netherlands |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
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Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
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Moderately High Risk |
C1 |
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High Risk |
C2 |
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Very High Risk |
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 2012-13 tax revenues
dropped, 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 |
summary
Company name Quanta
Services Netherlands B.V.
Operative address Herikerbergweg
238Luna ArenA
1101CM
Amsterdam Zuidoost
Netherlands
Credit limit EUR
300.000
Legal form Besloten
Vennootschap
Registration number KvK-nummer:
24492801
VAT-number 822328835
|
Year |
2012 |
|
Mutation |
2011 |
|
Mutation |
2010 |
|
Fixed assets |
5.428.347 |
|
9,53 |
4.955.857 |
251.594,11 |
1.969 |
|
|
Total receivables |
165.811 |
|
6.817,44 |
2.397 |
|
-77,11 |
10.472 |
|
|
|||||||
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Total equity |
4.905.732 |
|
5,98 |
4.628.849 |
t |
9.116,77 |
-51.336 |
|
Short term liabilities |
133.949 |
|
322,89 |
31.675 |
t |
108,91 |
15.162 |
|
|
|||||||
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Working capital |
113.303 |
|
346,55 |
25.373 |
t |
110,16 |
12.073 |
|
Quick ratio |
1,85 |
|
2,78 |
1,80 |
|
|
1,80 |
Contact information
Company name Quanta
Services Netherlands B.V.
Trade names Quanta
Services Netherlands B.V.
Quanta
Technology Europe
Quanta
Energized Services Europe
Operative address Herikerbergweg
238Luna ArenA
1101CM
Amsterdam Zuidoost
Netherlands
Correspondence address Postbus
23393
1100DW
Amsterdam Zuidoost
Netherlands
Telephone number 0205755600
Fax number 0206730016
Registration
Registration number KvK-nummer:
24492801
Branch number 000017366771
VAT-number 822328835
Status Active
First registration company register 2010-04-14
Memorandum 2010-04-08
Establishment date 2010-04-08
Legal form Besloten
Vennootschap
Last proposed admendment 2011-07-01
Activities
SBI Wholesale
of liquid and gaseous fuels (46712)
Exporter No
Importer No
Branche organisations Werkgeversvereniging voor
Energie, Kabel & Telecom, Afval & Milieu
Goal Het
verlenen van (gespecialiseerde) diensten op het gebied van transport-,
distributie- en
opslagsystemen
voor electriciteit, olie, (natuurlijk) gas, chemicaliën, telecommunicatie en
kabeltelevisie
en voor het opwekken van duurzame energie.
Relations
Shareholders Name: Quanta Services, Inc.
Office address: 2800 Post Oak Boulevard, Suite 2600,
Houston, Texas 77056, United States
of America
Registered in: Secretary of STATE Delaware, United States
of America with registration
number 2786882
Only shareholder since: 08-04-2010
Companies on same address Amount:
16
Management
R.H.L. de Groot (Robertus Hendrikus Lukas)
Netherlands
Competence: Jointly authorized
Function: Managing Director
Starting date: 2014-01-02
Date of birth: 1967-08-29, Amsterdam, NL
Involved with the following companies
• TMF Netherlands B.V.
Herikerbergweg 238Luna ArenA
1101CM Amsterdam Zuidoost
Netherlands
Registration number: 331265120000
Function: Proxy
J.M. van der Eerden (Joost Marcel)
Netherlands
Competence: Jointly authorized
Function: Managing Director
Starting date: 2014-01-02
Date of birth: 1981-11-06, Weert, NL
Involved with the following companies
• TMF Netherlands B.V.
Herikerbergweg 238Luna ArenA
1101CM Amsterdam Zuidoost
Netherlands
Registration number: 331265120000
Function: Proxy
P.B. O'Brien (Peter Bennett)
Netherlands
Competence: Jointly authorized
Function: Managing Director
Starting date: 2014-01-02
Date of birth: 1969-10-21, Illinois, US
B.A. Schrader (Brett Alan)
Netherlands
Competence: Jointly authorized
Function: Managing Director
Starting date: 2014-01-02
Date of birth: 1973-06-20, Missouri, US
TMF Management B.V.
Herikerbergweg 238Luna ArenA
1101CM AMSTERDAM ZUIDOOST
Netherlands
Registration number: 332030150000
Competence: Limited authorization
Function: Proxy
Starting date: 2011-10-05
Employees
|
Year |
2014 |
2013 |
2010 |
|
Total |
1 |
1 |
4 |
Payments
Score 6
Description The
payments are regular
|
Score Description |
6 The payments are regular |
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Key figures
|
Year |
2012 |
2011 |
2010 |
|
Quick ratio |
1,85 |
1,80 |
1,80 |
|
Current ratio |
1,85 |
1,80 |
1,80 |
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|||
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Working capital/ balance total |
0,02 |
0,01 |
0,41 |
|
Equity / balance total |
0,86 |
0,92 |
-1,76 |
|
Equity / Fixed assets |
0,90 |
0,93 |
-26,07 |
|
Equity / liabilities |
6,37 |
12,05 |
-0,64 |
|
Balance total / liabilities |
7,37 |
13,05 |
0,36 |
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|||
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Working capital |
113.303 |
25.373 |
12.073 |
|
Equity |
4.905.732 |
4.628.849 |
-51.336 |
|
Mutation equity |
5,98 |
9.116,77 |
|
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Mutation short term liabilities |
322,89 |
108,91 |
|
Summary
The 2012 financial result structure is a postive working
captial of 113.303 euro, which is in
agreement with 2 % of the total assets of the company.
The working capital has increased with 346.55 % compared
to previous year. The ratio, with
respect to the total assets of the company has however,
increased.
The improvement between 2011 and 2012 has mainly been
caused by an increase of the
current assets.
The current ratio of the company in 2012 was 1.85. A
company with a current ratio between
1.5 and 3.0 generally indicates good short-term financial
strength.
The quick ratio in 2012 of the company was 1.85. A company
with a Quick Ratio of more than
1 can currently pay back its current liabilities.
The 2011 financial result structure is a postive working
captial of 25.373 euro, which is in
agreement with 1 % of the total assets of the company.
The working capital has increase with 110.16 % compared to
previous year. The ratio with
respect to the total assets of the company has however,
declined.
The improvement between 2010 and 2011 has mainly been
caused by an increase of the
current assets.
The current ratio of the company in 2011 was 1.8. A
company with a current ratio between
1.5 and 3.0 generally indicates good short-term financial
strength.
The quick ratio in 2011 of the company was 1.8. A company
with a Quick Ratio of more than
1 can currently pay back its current liabilities
Financial Statement
Type of annual account Corporate
Annual account Quanta
Services Netherlands B.V.
Herikerbergweg
238Luna ArenA
1101CM
Amsterdam Zuidoost
Netherlands
Registration
number: 244928010000
Balance
|
Year |
2012 |
2011 |
2010 |
|
End date |
2012-12-31 |
2011-12-31 |
2010-12-31 |
|
Financial fixed assets |
5.428.347 |
4.955.857 |
1.969 |
|
Fixed assets |
5.428.347 |
4.955.857 |
1.969 |
|
Total receivables |
165.811 |
2.397 |
10.472 |
|
Liquid funds |
81.441 |
54.651 |
16.763 |
|
Current assets |
247.252 |
57.048 |
27.235 |
|
Total assets |
5.675.599 |
5.012.905 |
29.204 |
|
|
|||
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Total equity |
4.905.732 |
4.628.849 |
-51.336 |
|
Long term interest yielding debt |
635.918 |
352.381 |
65.378 |
|
Long term liabilities |
635.918 |
352.381 |
65.378 |
|
Short term liabilities |
133.949 |
31.675 |
15.162 |
|
Year |
2012 |
2011 |
2010 |
|
|
End date |
2012-12-31 |
2011-12-31 |
2010-12-31 |
|
|
Total short and long term liabilities |
769.867 |
384.056 |
80.540 |
|
|
Total liabilities |
5.675.599 |
5.012.905 |
29.204 |
|
Summary
The total assets of the company increased with 13.22 %
between 2011 and 2012.
The fixed asset growth of 9.53 % is lower than the total
asset growth.
The asset growth has mainly been financed by a debt
increase of 100.46 %. The Net Worth,
however, grew with 5.98 %.
In 2012 the assets of the company were 95.64 % composed of
fixed assets and 4.36 % by
current assets. The assets are being financed by an equity
of 86.44 %, and total debt of
13.56 %.
The total assets of the company increased with 17065.13 %
between 2010 and 2011.
The total asset increase is retrievable in the fixed asset
growth of 251594.11 %.
The asset growth has mainly been financed by a Net Worth
increase of 9116.77 %. Debt,
however, grew with 376.85 %.
In 2011 the assets of the company were 98.86 % composed of
fixed assets and 1.14 % by
current assets. The assets are being financed by an equity
of 92.34 %, and total debt of 7.66
%
Analysis
Branch (SBI) Groothandel
en Wholesale on a fee or contract basis (niet in auto’s en motorfietsen) (46)
Region Groot
Amsterdam
In
the Netherlands 109662 of the companies are registered with the SBI code 46
In
the region Groot Amsterdam 10512 of the companies are registered with the SBI code
46
In
the Netherlands 2387 of the bankrupcties are published within this sector
In
the region Groot Amsterdam 209 of the bankruptcies are published within this
sector
The
risk of this specific sector in the Netherlands is normal
The
risk of this specific sector in the region Groot Amsterdam is normal
Publications
Filings 27-07-2012:
De jaarrekening over 2011 is gepubliceerd.
Functions 11-02-2014:
Per 02-01-2014 is bestuurder Robertus Hendrikus Lukas de Groot in functie
getreden.
11-02-2014:
Per 02-01-2014 is bestuurder Joost Marcel van der Eerden in functie getreden.
11-02-2014:
Per 02-01-2014 is bestuurder Brett Alan Schrader in functie getreden.
11-02-2014:
Per 02-01-2014 is bestuurder Peter Bennett O'Brien in functie getreden.
11-02-2014:
Per 02-01-2014 is bestuurder James Francis O'Neil III uit functie getreden.
11-02-2014:
Per 02-01-2014 is bestuurder 33203015 TMF Management B.V. uit functie
getreden.
11-02-2014:
Per 02-01-2014 is bestuurder Damir Novosel uit functie getreden.
11-02-2014:
Per 01-01-2014 is bestuurder Bastiaan Kruimer uit functie getreden.
11-10-2011:
Per 05-10-2011 is gevolmachtigde 33203015 TMF Management B.V. in functie
getreden.
06-07-2011:
Per 01-07-2011 is bestuurder 33203015 TMF Management B.V. in functie
getreden.
06-07-2011:
Per 01-07-2011 is bestuurder James O'Neill in functie getreden.
06-07-2011:
Per 01-07-2011 is bestuurder Damir Novosel in functie getreden.
06-07-2011:
Per 01-07-2011 is bestuurder Bastiaan Kruimer in functie getreden.
06-07-2011:
Per 01-07-2011 is bestuurder Tana LaDon Pool uit functie getreden.
06-07-2011:
Per 19-04-2011 is bestuurder James Howard Haddox uit functie getreden.
06-07-2011:
Per 19-04-2011 is bestuurder Derrick Alan Jensen uit functie getreden.
15-04-2010:
Per 08-04-2010 is bestuurder Tana LaDon Pool in functie getreden.
15-04-2010:
Per 08-04-2010 is bestuurder James Howard Haddox in functie getreden.
15-04-2010:
Per 08-04-2010 is bestuurder Derrick Alan Jensen in functie getreden.
Amendments 06-07-2011:
Per 1-7-2011 statuten gewijzigd
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.26 |
|
|
1 |
Rs.100.70 |
|
Euro |
1 |
Rs.83.27 |
INFORMATION DETAILS
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Analysis Done by
: |
DIV |
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Report Prepared
by : |
PDT |
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.