MIRA INFORM REPORT

 

 

Report Date :

24.12.2014

 

IDENTIFICATION DETAILS

 

Name :

KONINKLIJKE LUCHTVAART MAATSCHAPPIJ N.V.

 

 

Operative Office :

Amsterdamseweg 55, 1182GP Amstelveen

 

 

Country :

Netherlands

 

 

Financials (as on) :

31.12.2013

 

 

Date of Incorporation :

30.01.1920

 

 

Com. Reg. No.:

33014286

 

 

Legal Form :

Limited Liability Company

 

 

Line of Business :

·         Manufacturer of aircraft

·         Manufacturer of aircraft and components (No Aircraft Seats)

·         Engaged as Air transport

·         Engaged as Passenger Air Transport

·         Subject Operates as Air Lines

·         Subject have three core businesses including Passenger Business, Cargo as well as Engineering & Maintenance

 

 

No of Employees :

1316 (2014)

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Status :

Satisfactory

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 – September 30, 2014

 

Country Name

Previous Rating

(30.06.2014)

Current Rating

(30.09.2014)

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

 

Netherlands is the sixth-largest economy in the euro-zone and is noted for its stable industrial relations, moderate unemployment and inflation, sizable trade surplus, and 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. Netherlands, along with 11 of its EU partners, began circulating the euro currency on 1 January 2002. The Dutch financial sector suffered as a result of the global financial crisis, due in part to the high exposure of some Dutch banks to US 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. 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. To recover, the government 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 austerity measures in early 2011, mainly reducting expenditures, which resulted in an improved budget deficit in 2011. However, in 2012 tax revenues dropped, GDP contracted, and the budget deficit deteriorated. In 2013, the government budget deficit decreased to 3.3% of GDP due to increased government revenue from higher taxes. However, spending on social benefits also increased, due to a rise in unemployment benefits and payments for pensions. The high unemployment rate and tax increases have contributed to continued decreases in household disposable income, causing the Dutch economy to contract.

 

Source : CIA

Company Summary

 

Company name                        Koninklijke Luchtvaart Maatschappij N.V.

Operative address                    Amsterdamseweg 55

1182GP Amstelveen

Netherlands

Risk                                         Acceptable risk

Status                                      Active

Specification                            This company can meet all its obligations.

Legal form                               Naamloze Vennootschap (Limited Liability Company)

Registration number                KvK-nummer: 33014286

VAT-number                             001279749

 

Year

2013

Mutation

2012

Mutation

2011

Fixed assets

7.191.000.000

-13,40

8.304.000.000

2,94

8.067.000.000

Total receivables

1.240.000.000

18,66

1.045.000.000

-39,56

1.729.000.000

Total equity

1.608.000.000

-34,07

2.439.000.000

-9,03

2.681.000.000

Short term liabilities

3.355.000.000

2,47

3.274.000.000

-6,64

3.507.000.000

Net result

133.000.000

402,27

-44.000.000

-129,93

147.000.000

Working capital

-937.000.000

-18,61

-790.000.000

-125,71

-350.000.000

Quick ratio

0,66

-5,71

0,70

-16,67

0,84

 

Contact information

 

Company name                        Koninklijke Luchtvaart Maatschappij N.V.

 

Trade names                            Koninklijke Luchtvaart Maatschappij N.V.

KLM

KLM Cargo

KLM Nederland

KLM Engineering & Maintenance

KLM Catering Inflight Services

KLM Holidays

KLM Royal Dutch Airlines

KLM Jet Center

KLM General Aviation

KLM Vakantie Deals

KLM Information Services

KLM Passagekantoor Eindhoven

KLM Passagekantoor Maastricht

KLM Passagekantoor Rotterdam

 

Operative address                    Amsterdamseweg 55

1182GP Amstelveen

Netherlands

 

Postal address                        Postbus 7700

1117ZL Schiphol

Netherlands

Telephone number                   0206499123

Email address                          info@klm.nl

Website                                    www.klm.nl

 

Registration

 

Registration number                KvK-nummer: 33014286

Branch number                        000013978020

VAT-number                             001279749

Status                                      Active

Memorandum                           1920-01-30

Establishment date                  1920-01-30

Legal form                               Naamloze Vennootschap (Limited Liability Company)

Last proposed admendment     2011-07-01

Subscribed share capital          EUR 562.500.000

Issued placed capital               EUR 125.347.023

Paid up share capital               EUR 125.347.023

 

Activities

 

SBI                               Manufacture of aircraft (3030)

Manufacture of aircraft and components (no aircraft seats) (303002)

Passenger air transport (5110)

Operation of air lines

 

Subject have three core businesses including Passenger Business, Cargo as well as Engineering & Maintenance

 

ISO certified                 Yes

 

ISO certifier                  BSI Group

ISO standard                ISO 14001:2004

Exporter                       No

Importer                       No

Branche organisations ANVR - Algemene Nederlandse Vereniging van Reisondernemingen

(ANVR - General Dutch Association of Travel Companies)

 

Goal                             Exploitatie van luchtlijnen alsmede het verrichten van alle andere handelingen van

commerciële, industriële of financiële aard

 

(Operation of air lines and the performance of all other acts of

commercial, industrial or financial nature)

 

Relations

 

Shareholders               AIR FRANCE KLM S.A.

Aandeel: 49.00 %

SQUARE MAX HYMANS 5

75757 PARIS, CEDEX

Frankrijk

 

STICHTING ADMINISTRATIEKANTOOR KLM

Aandeel: 33.16 %

AMSTERDAMSEWEG 55

1182 GP AMSTELVEEN

 

STICHTING ADMINISTRATIEKANTOOR CUMULATIEF PREFERENTE AANDELEN C. KLM

Aandeel: 11.25 %

AMSTERDAMSEWEG 55

1182 GP AMSTELVEEN

 

DE STAAT DER NEDERLANDEN

Aandeel: 5.92 %

PLESMANWEG 1

2597 JG 'S-GRAVENHAGE

 

Branch                                     Koninklijke Luchtvaart Maatschappij N.V.

Tupolevlaan 2

1119NX SCHIPHOL-RIJK

Netherlands

Registration number: 330142860003

 

Koninklijke Luchtvaart Maatschappij N.V.

Rotterdam Airportplein 60

3045AP ROTTERDAM

Netherlands

Registration number: 330142860007

 

Koninklijke Luchtvaart Maatschappij N.V.

Arlandabaan Platformz 52

3045AB ROTTERDAM

Netherlands

Registration number: 330142860008

 

Koninklijke Luchtvaart Maatschappij N.V.

Laan van Oversteen 20

2289CX RIJSWIJK ZH

Netherlands

Registration number: 330142860009

 

Koninklijke Luchtvaart Maatschappij N.V.

Hofweg 9

2511AA 'S-GRAVENHAGE

Netherlands

Registration number: 330142860010

 

Koninklijke Luchtvaart Maatschappij N.V.

Schiphol

1118 LUCHTHAVEN SCHIPHOL

Netherlands

Registration number: 330142860011

 

Koninklijke Luchtvaart Maatschappij N.V.

Vliegveldweg 17

6191SB BEEK LB

Netherlands

Registration number: 330142860018

 

Koninklijke Luchtvaart Maatschappij N.V.

Luchthavenweg 15

5657EA EINDHOVEN

Netherlands

Registration number: 330142860020

Bank details

 

Accounts

ABN Amro Bank NV

Account number: 54.56.10.443

 

ABN Amro Bank NV

Account number: 46.53.41.055

 

ABN Amro Bank NV

Account number: 48.67.42.296

 

ABN Amro Bank NV

Account number: 54.03.34.391

 

ING Bank NV

Account number: 435286

 

Management

 

Active Management

R.R. Kalmann (René Robert)

2171 ZC

Netherlands

Competence: Limited authorization

Function: Vice president

Starting date: 2013-01-01

Date of birth: 1953-02-19, Amsterdam, NL

 

P.G. Elich (Paulus Gustaaf)

2051 JP

Netherlands

Competence: Limited authorization

Function: Vice president

Starting date: 2009-05-01

Date of birth: 1955-07-17, Surabaja, ID

 

E.F. Varwijk (Erik Ferdinand)

2012 GR

Netherlands

Competence: Jointly authorized

Function: Manager

Starting date: 2011-07-01

Date of birth: 1961-07-15, Amsterdam, NL

 

E.R. Swelheim (Erik Ruben)

1078 KA

Netherlands

Competence: Jointly authorized

Function: Manager

Starting date: 2014-04-23

Date of birth: 1965-03-23, Hilversum, NL

 

B.J. Swagerman (Bernardus Jacob)

3723 HT

Netherlands

Competence: Limited authorization

Function: Vice president

Starting date: 2006-09-01

Date of birth: 1959-07-07, Zeist, NL

 

A.H. Dortmans (Antonius Hendrikus)

1078 XH

Netherlands

Competence: Limited authorization

Function: Vice president

Starting date: 2007-03-01

Date of birth: 1958-08-07, Amsterdam, NL

 

H.W. de Roos (Hans Willem)

Netherlands

Competence: Limited authorization

Function: Vice president

Starting date: 1999-04-01

Date of birth: 1950-05-03, Amsterdam, NL

 

P.J. Slobbe (Petrus Joannes)

Netherlands

Competence: Limited authorization

Function: Vice president

Starting date: 2000-07-01

Date of birth: 1956-03-27, Lisse, NL

 

L.L.G.M. van Wees (Lucas Lucien Gerardus Marie)

Netherlands

Competence: Limited authorization

Function: Vice president

Starting date: 2001-09-01

Date of birth: 1959-03-18, Heerlen, NL

 

P.J.T. Elbers (Petrus Johannes Theodorus)

Netherlands

Competence: Jointly authorized

Function: Manager

Starting date: 2012-05-11

Date of birth: 1970-05-11, Schiedam, NL

Involved with the following companies

 

 Transavia Airlines B.V.

Piet Guilonardweg 15

1117EE Schiphol

Netherlands

Registration number: 340352970000

Function: Commissaris

 

A. den Heijer (Adriaan)

Netherlands

Competence: Limited authorization

Function: Vice president

Starting date: 2009-02-01

Date of birth: 1969-11-15, 's-Gravenhage, NL

 

J.J. Blaauw (Jappe Johan)

Netherlands

Competence: Limited authorization

Function: Vice president

Starting date: 2009-04-01

Date of birth: 1969-01-08, Alkmaar, NL

 

M.I. Kartman (Miriam Inez)

Netherlands

Competence: Limited authorization

Function: Vice president

Starting date: 2009-06-01

Date of birth: 1965-09-02, Zeist, NL

 

K.R. Bockstael (Karel Roger)

Netherlands

Competence: Limited authorization

Function: Vice president

Starting date: 2009-10-01

Date of birth: 1963-07-18, Terneuzen, NL

 

H. Kreulen (Harm)

Netherlands

Competence: Limited authorization

Function: Manager

Starting date: 2009-10-01

Date of birth: 1960-07-25, Leiden, NL

 

W.A. Jonkheer de Jonge (Willem Adriaan)

Netherlands

Competence: Limited authorization

Function: Vice president

Starting date: 2000-07-01

Date of birth: 1953-07-21, Zutphen, NL

R.J. Laan (Remmert Jacobus)

75008

Netherlands

Function: Commissaris

Starting date: 2004-06-23

Date of birth: 1942-07-29, Bloemendaal, NL

 

H.N.J. Smits (Hendricus Nicolaas Jozef)

Netherlands

Function: Commissaris

Starting date: 2004-06-23

Date of birth: 1950-03-13, 's-Gravenhage, NL

 

Involved with the following companies

Havenbedrijf Rotterdam N.V.

Wilhelminakade 909

3072AP Rotterdam

Netherlands

Registration number: 243545610000

Function: Manager

 

Nederlands-Duitse Handelskamer (Deutsch- Niederländische

Handelskammer)

Nassauplein 30

2585EC 's-Gravenhage

Netherlands

Registration number: 40408211

Function: Manager

 

Janssen de Jong Groep B.V.

Ekkersrijt 4010

5692DA Son

Netherlands

Registration number: 170949910000

Function: Commissaris

 

Havenbedrijf Rotterdam N.V.

Wilhelminakade 909

3072AP Rotterdam

Netherlands

Registration number: 243545610000

Function: Manager

 

H. Guillaume (Henri)

75015

Netherlands

Function: Commissaris

Starting date: 2004-06-23

Date of birth: 1943-02-03, Lille, FR

J.M. Roobeek (Johanna Maria)

Netherlands

Function: Commissaris

Starting date: 2011-07-01

Date of birth: 1958-10-13, Amsterdam, NL

Involved with the following companies

 

Stichting VU Medisch Centrum Fonds

De Boelelaan 1117

1081HV AMSTERDAM

Netherlands

Registration number: 341412280000

Function: Manager

 

RAI Holding B.V.

Europaplein 24

1078GZ Amsterdam

Netherlands

Registration number: 330938800000

Function: Commissaris

 

Abbott Healthcare Products B.V.

C.J.van Houtenlaan 36

1381CP Weesp

Netherlands

Registration number: 320395080000

Function: Commissaris

 

C.C. 't Hart (Cornelis Christiaan)

Netherlands

Function: Commissaris

Starting date: 2014-04-23

Date of birth: 1958-08-08, Rotterdam, NL

Involved with the following companies

 

Koninklijke FrieslandCampina N.V.

Stationsplein 4

3818LE Amersfoort

Netherlands

Registration number: 110575440000

Function: Manager

 

Nederlandse Zuivelorganisatie

Louis Braillelaan 80

2719EK Zoetermeer

Netherlands

Registration number: 404131590000

Function: Manager

J. Peyrelevade (Jean)

Netherlands

Function: Commissaris

Starting date: 2007-07-05

Date of birth: 1939-10-24, Marseille, FR

 

I.P. Asscher - Vonk (Irene Petronella)

Netherlands

Function: Commissaris

Starting date: 2004-04-19

Date of birth: 1944-09-05, Amsterdam, NL

Involved with the following companies

 

Arriva Personenvervoer Nederland B.V.

Trambaan 3

8441BH Heerenveen

Netherlands

Registration number: 30124575

Function: Commissaris

 

P.C. Calavia (Philippe Clement)

Netherlands

Function: Commissaris

Starting date: 2012-05-11

Date of birth: 1948-10-01, Bordeaux, FR

 

A.B. Dautry (Alice Beatrice)

Netherlands

Function: Commissaris

Starting date: 2014-04-23

Date of birth: 1950-05-10, Parijs, FR

 

R.A.H. Bijl (Robert Antheunis Hendrik)

1251 GE

Netherlands

Competence: Limited authorization

Function: Proxy

Starting date: 1988-01-15

Date of birth: 1951-10-03, Gilze en Rijen, NL

 

P.R. Langenberg (Paul Raymond)

3723 DC

Netherlands

Competence: Limited authorization

Function: Proxy

Starting date: 1993-08-03

Date of birth: 1953-09-22, De Bilt, NL

 

W.E. Kooijman (Willem Engelbertus)

Netherlands

Competence: Limited authorization

Function: Proxy

Starting date: 1997-05-01

Date of birth: 1950-02-01, Rheden, NL

 

Involved with the following companies

 

Prorail B.V.

Moreelsepark 3

3511EP Utrecht

Netherlands

Registration number: 301243590000

Function: Commissaris

 

P.M. Schelvis (Petrus Maria)

1965 NG

Netherlands

Competence: Limited authorization

Function: Proxy

Starting date: 2013-01-01

Date of birth: 1953-10-03, Beverwijk, NL

Involved with the following companies

 

Stichting Algemeen Pensioenfonds KLM

Prof. E.M. Meijerslaan 1

1183AV Amstelveen

Netherlands

Registration number: 412000890001

Function: Manager

 

C.C. Poublon (Charles Christian)

1068 VT

Netherlands

Competence: Limited authorization

Function: Proxy

Starting date: 2014-02-01

Date of birth: 1960-06-03, Hilversum, NL

 

A.J. Rodenhuis (Alex Jurgen)

1077 ZE

Netherlands

Competence: Limited authorization

Function: Proxy

Starting date: 1999-05-01

Date of birth: 1955-09-09, Amsterdam, NL

 

J.P.A. Brand (Jeroen Petrus Anthonius)

2396 CJ

Netherlands

Competence: Limited authorization

Function: Proxy

Starting date: 1999-05-01

Date of birth: 1957-02-13, Leimuiden, NL

 

A.C. Maartens (Adrianus Cornelis)

1069 RE

Netherlands

Competence: Limited authorization

Function: Proxy

Starting date: 2000-04-19

Date of birth: 1950-04-27, 's-Hertogenbosch, NL

 

R. Evertsen (Rick)

2201 EL

Netherlands

Competence: Limited authorization

Function: Proxy

Starting date: 2000-04-19

Date of birth: 1961-04-10, Utrecht, NL

 

J.F. Witsenboer (Johannes Franciscus)

1171 TW

Netherlands

Competence: Limited authorization

Function: Proxy

Starting date: 2001-04-01

Date of birth: 1959-02-27, Curaçao, AN

 

E.R.M. Huizenga (Esther Romelia Maria)

1052 GM

Netherlands

Competence: Limited authorization

Function: Proxy

Starting date: 2001-05-01

Date of birth: 1969-03-26, Breda, NL

Involved with the following companies

 

KLM Cityhopper B.V.

Stationsplein 102Convair Geb.

1117CH Schiphol

Netherlands

Registration number: 340353580000

Function: Proxy

 

I. Schoute (Irene)

1943 MP

Netherlands

Competence: Limited authorization

Function: Proxy

Starting date: 2004-04-26

Date of birth: 1959-10-02, Den Helder, NL

S.J.J. Lobrij (Simon Jacobus Joseph)

2908 XD

Netherlands

Competence: Limited authorization

Function: Proxy

Starting date: 2005-06-01

Date of birth: 1957-12-02, Schiedam, NL

 

R.M. Pruim (Robert Maria)

1213 LC

Netherlands

Competence: Limited authorization

Function: Proxy

Starting date: 2005-11-01

Date of birth: 1959-04-05, Amsterdam, NL

 

N. Kampert (Nathalie)

1054 HG

Netherlands

Competence: Limited authorization

Function: Proxy

Starting date: 2013-12-01

Date of birth: 1977-03-04, Rhenen, NL

 

Involved with the following companies

 

KLM Cityhopper B.V.

Stationsplein 102Convair Geb.

1117CH Schiphol

Netherlands

Registration number: 340353580000

Function: Proxy

 

W. van Rijn (Walter)

1058 KA

Netherlands

Competence: Limited authorization

Function: Proxy

Starting date: 2006-05-15

Date of birth: 1969-07-05, Haarlemmermeer, NL

 

A.R.D. Huet (Antoine Robin Denis)

78230

Netherlands

Competence: Limited authorization

Function: Proxy

Starting date: 2006-09-01

Date of birth: 1961-06-17, Londen, GB

 

M. de Nooijer (Marcel)

1412 HZ

Netherlands

Competence: Limited authorization

Function: Proxy

Starting date: 2013-09-01

Date of birth: 1968-07-05, Spijkenisse, NL

Involved with the following companies

 

Martinair Holland N.V.

Piet Guilonardweg 17

1117EE Schiphol

Netherlands

Registration number: 340296680000

Function: Manager

 

E.F.W. van Asch (Eelco Ferdinand Wouter)

2171 NM

Netherlands

Competence: Limited authorization

Function: Proxy

Starting date: 2013-08-01

Date of birth: 1972-06-16, Harderwijk, NL

 

C.E.F.M. Schelleman (Carolus Erik Ferdinand Maria)

2141 NB

Netherlands

Competence: Limited authorization

Function: Proxy

Starting date: 2011-07-01

Date of birth: 1964-08-12, Nyköping, SE

 

R.B. van Hijfte (Robertus Bernardus)

1421 TE

Netherlands

Competence: Limited authorization

Function: Proxy

Starting date: 2012-07-01

Date of birth: 1961-11-08, Oud en Nieuw Gastel, NL

 

A.W. Slagt (Aart Wijnand)

1827 JW

Netherlands

Competence: Limited authorization

Function: Proxy

Starting date: 2013-07-01

Date of birth: 1974-04-04, 's-Graveland, NL

 

A.J. van Lieshout (Arnoldus Johannes)

Netherlands

Competence: Limited authorization

Function: Proxy

Starting date: 2000-04-19

Date of birth: 1963-07-04, Rotterdam, NL

 

J. Idelenburg (Jacob)

Netherlands

Competence: Limited authorization

Function: Proxy

Starting date: 2007-08-01

Date of birth: 1951-01-24, Leiden, NL

 

R. Ket (Richard)

Netherlands

Competence: Limited authorization

Function: Proxy

Starting date: 2007-10-01

Date of birth: 1961-05-26, Haarlem, NL

 

M.W.A. van Dorst (Michiel Wilhelmus Anna)

Netherlands

Competence: Limited authorization

Function: Proxy

Starting date: 2011-01-01

Date of birth: 1969-12-10, Tilburg, NL

 

E. Lehmann (Esther)

Netherlands

Competence: Limited authorization

Function: Proxy

Starting date: 2008-01-02

Date of birth: 1968-12-16, Leiden, NL

Involved with the following companies

 

KLM Cityhopper B.V.

Stationsplein 102Convair Geb.

1117CH Schiphol

Netherlands

Registration number: 340353580000

Function: Proxy

 

M.P.J. Jansen (Maarten Peter Johannes)

Netherlands

Competence: Limited authorization

Function: Proxy

Starting date: 2008-03-01

Date of birth: 1955-04-14, Utrecht, NL

 

M.I.G. Jonkers (Masja Ine Gerard)

Netherlands

Competence: Limited authorization

Function: Proxy

Starting date: 2014-02-01

Date of birth: 1973-05-01, Oirschot, NL

 

J.P.A.A. Mulder (Jean Paul Adrianus Antonius)

Netherlands

Competence: Limited authorization

Function: Proxy

Starting date: 2014-02-01

Date of birth: 1971-10-10, Hengelo (O), NL

 

N. Doekhie (Narindre)

Netherlands

Competence: Limited authorization

Function: Proxy

Starting date: 2008-03-01

Date of birth: 1957-06-11, district Suriname, SR

 

J.P. Ternede (Jan Paul)

Netherlands

Competence: Limited authorization

Function: Proxy

Starting date: 2014-02-01

Date of birth: 1963-02-11, Amsterdam, NL

 

H.V. Telman (Henri Victor)

Netherlands

Competence: Limited authorization

Function: Proxy

Starting date: 2014-02-01

Date of birth: 1955-07-28, Amsterdam, NL

 

D.W.A. Kampman (Dennis Wilhelmus Antonius)

Netherlands

Competence: Limited authorization

Function: Proxy

Starting date: 2008-07-21

Date of birth: 1974-12-16, Harderwijk, NL

 

B.H.F. Brouns (Bas Homme Franciscus)

Netherlands

Competence: Limited authorization

Function: Proxy

Starting date: 2009-01-01

Date of birth: 1971-03-14, Heel en Panheel, NL

 

R.C. Hoffschlag (Richardus Christiaan)

Netherlands

Competence: Limited authorization

Function: Proxy

Starting date: 2009-04-01

Date of birth: 1964-10-03, Amsterdam, NL

 

P.J. Wensveen (Petrus Johannes)

Netherlands

Competence: Limited authorization

Function: Proxy

Starting date: 2009-09-01

Date of birth: 1967-02-23, Wassenaar, NL

 

J.N. Scheeres (Jacobus Nicolaas)

Netherlands

Competence: Limited authorization

Function: Proxy

Starting date: 2009-10-01

Date of birth: 1963-12-18, Amsterdam, NL

 

T.O. Brouw (Taco Oscar)

Netherlands

Competence: Limited authorization

Function: Proxy

Starting date: 2009-12-01

Date of birth: 1966-04-03, Delft, NL

 

F. Overmars (Frank)

Netherlands

Competence: Limited authorization

Function: Proxy

Starting date: 2010-04-01

Date of birth: 1968-12-08, Veldhoven, NL

 

B.J.M. Steeman (Bernardus Johannes Maria)

Netherlands

Competence: Limited authorization

Function: Proxy

Starting date: 2010-07-01

Date of birth: 1954-03-15, Haarlem, NL

 

M.G. van Winkoop (Marjanne Gijsberta)

Netherlands

Competence: Limited authorization

Function: Proxy

Starting date: 2010-07-19

Date of birth: 1961-12-15, Barneveld, NL

 

J.J. de Boer (Jeroen Johan)

Netherlands

Competence: Limited authorization

Function: Proxy

Starting date: 2010-10-01

Date of birth: 1968-02-21, Leeuwarden, NL

G.J.W. Bergkamp (Gerardus Johannes Wilhelmus)

Netherlands

Competence: Limited authorization

Function: Proxy

Starting date: 2010-11-01

Date of birth: 1961-02-10, Nieuwer-Amstel, NL

 

D.P. Blok (Dingenis Peter)

Netherlands

Competence: Limited authorization

Function: Proxy

Starting date: 2010-12-01

Date of birth: 1957-06-09, Saint-Germain-en-Laye, FR

 

Y. Janz - Crispijn (Yvonne)

Netherlands

Competence: Limited authorization

Function: Proxy

Starting date: 2000-04-19

Date of birth: 1963-06-12, 's-Gravenhage, NL

 

E. Sytsema - Brakel (Eline)

Netherlands

Competence: Limited authorization

Function: Proxy

Starting date: 2002-09-01

Date of birth: 1964-09-21, Delft, NL

 

Involved with the following companies

 

KLM Cityhopper B.V.

Stationsplein 102Convair Geb.

1117CH Schiphol

Netherlands

Registration number: 340353580000

Function: Proxy

 

M. Veerman - Dijkstra (Marguérite)

Netherlands

Competence: Limited authorization

Function: Proxy

Starting date: 2006-04-01

Date of birth: 1970-10-10, Maassluis, NL

 

Involved with the following companies

 

KLM Cityhopper B.V.

Stationsplein 102Convair Geb.

1117CH Schiphol

Netherlands

Registration number: 340353580000

Function: Proxy

 

R. van der Meulen (Ronald)

Netherlands

Competence: Limited authorization

Function: Proxy

Starting date: 2006-04-10

Date of birth: 1957-02-03, Amsterdam, NL

 

E. Floor - de Waal (Ernie)

Netherlands

Competence: Limited authorization

Function: Proxy

Starting date: 2006-07-01

Date of birth: 1967-04-20, Amstelveen, NL

 

R. Bloemendal - Verjans (Rozemarijn)

Netherlands

Competence: Limited authorization

Function: Proxy

Starting date: 2014-02-01

Date of birth: 1975-01-28, Dordrecht, NL

 

M.D. van der Zee (Martijn Dennis)

Netherlands

Competence: Limited authorization

Function: Proxy

Starting date: 2006-12-01

Date of birth: 1971-10-14, 's-Gravenhage, NL

 

G.E. van der Landen (Gerda Elisabeth)

Netherlands

Competence: Limited authorization

Function: Proxy

Starting date: 2007-02-01

Date of birth: 1967-09-17, Voorburg, NL

 

A. Redha - Kelfkens (Angelique)

Netherlands

Competence: Limited authorization

Function: Proxy

Starting date: 2008-03-01

Date of birth: 1962-09-21, Dordrecht, NL

 

S.L. de Jeu - Niepce (Suzanne Laura)

Netherlands

Competence: Limited authorization

Function: Proxy

Starting date: 2008-03-01

Date of birth: 1976-11-28, Delft, NL

J.H.J. d'Arnault - Dijkstra (Jacomina Hendrika Johanna)

Netherlands

Competence: Limited authorization

Function: Proxy

Starting date: 2010-04-01

Date of birth: 1973-09-11, Bunnik, NL

 

M.M.C. van der Veer - Holdrinet (Muriël Maria Cecile)

Netherlands

Competence: Limited authorization

Function: Proxy

Starting date: 2010-05-13

Date of birth: 1978-08-05, Nijmegen, NL

 

P.D. Bootsma (Pieter Dirk)

Netherlands

Competence: Limited authorization

Function: Proxy

Starting date: 2014-01-01

Date of birth: 1969-09-01, Haarlem, NL

 

R. Langendoen (Ronnie)

Netherlands

Competence: Limited authorization

Function: Proxy

Starting date: 2011-01-10

Date of birth: 1974-06-21, Oostvoorne, NL

 

V.W. Lint - Mohunlol (Vanessa Widia)

Netherlands

Competence: Limited authorization

Function: Proxy

Starting date: 2011-01-10

Date of birth: 1979-08-10, Rotterdam, NL

 

M. van Vlaanderen - Bus (Monique)

Netherlands

Competence: Limited authorization

Function: Proxy

Starting date: 2011-01-10

Date of birth: 1968-03-24, Wormerveer, NL

 

E.M.J. Govan - Vermue (Elisabeth Maria Jacoba)

Netherlands

Competence: Limited authorization

Function: Proxy

Starting date: 2011-01-10

Date of birth: 1964-08-11, Brouwershaven, NL

J.J. Wegter (Jorn Jurre)

Netherlands

Competence: Limited authorization

Function: Proxy

Starting date: 2011-04-01

Date of birth: 1978-11-16, Leuven, BE

 

T.A. Bergsma (Trijntje Anna)

Netherlands

Competence: Limited authorization

Function: Proxy

Starting date: 2011-05-01

Date of birth: 1972-05-22, Smallingerland, NL

 

G. Woelders (Gijsbert)

Netherlands

Competence: Limited authorization

Function: Proxy

Starting date: 2011-06-01

Date of birth: 1967-08-27, Maarn, NL

 

K.W.J.M. Niesink (Karin Wilhelmina Josepha Maria)

Netherlands

Competence: Limited authorization

Function: Proxy

Starting date: 2011-07-01

Date of birth: 1982-01-08, Doetinchem, NL

 

Involved with the following companies

 

KLM Cityhopper B.V.

Stationsplein 102Convair Geb.

1117CH Schiphol

Netherlands

Registration number: 340353580000

Function: Proxy

 

J.E.M. van Olst (Julia Eleonora Mabel)

Netherlands

Competence: Limited authorization

Function: Proxy

Starting date: 2011-08-01

Date of birth: 1971-04-15, Dordrecht, NL

 

I.F. Schneiders (Isabelle Frédérique)

Netherlands

Competence: Limited authorization

Function: Proxy

Starting date: 2011-08-01

Date of birth: 1962-01-13, 's-Gravenhage, NL

D.E. van den Berg - van Dongen (Dénise Eliane)

Netherlands

Competence: Limited authorization

Function: Proxy

Starting date: 2011-07-01

Date of birth: 1980-10-19, Laren, NL

 

Involved with the following companies

 

KLM Cityhopper B.V.

Stationsplein 102Convair Geb.

1117CH Schiphol

Netherlands

Registration number: 340353580000

Function: Proxy

 

R.M. de Groot (René Martijn)

Netherlands

Competence: Limited authorization

Function: Proxy

Starting date: 2012-01-16

Date of birth: 1969-05-08, Hoensbroek, NL

 

J.J. Kooiman (Joop Johannes)

Netherlands

Competence: Limited authorization

Function: Proxy

Starting date: 2012-03-15

Date of birth: 1963-03-30, Beverwijk, NL

 

B. Lecerf (Bruno)

Netherlands

Competence: Limited authorization

Function: Proxy

Starting date: 2012-06-26

Date of birth: 1961-05-04, Cambrai, FR

 

J.P. Veekman (Joyce Patricia)

Netherlands

Competence: Limited authorization

Function: Proxy

Starting date: 2012-08-01

Date of birth: 1972-08-19, Haarlem, NL

 

R. Hougee (Robert)

Netherlands

Competence: Limited authorization

Function: Proxy

Starting date: 2013-01-01

Date of birth: 1953-11-12, Westervoort, NL

Involved with the following companies

 

Martinair Holland N.V.

Piet Guilonardweg 17

1117EE Schiphol

Netherlands

Registration number: 340296680000

Function: Manager

 

Stichting Garantiefonds Martinair Flight Academy

Emoeweg 4

8218PC Lelystad

Netherlands

Registration number: 342778160000

Function: Chairman

 

P.M. Habets (Paulus Maria)

Netherlands

Competence: Limited authorization

Function: Proxy

23-12-2014

Starting date: 2013-06-15

Date of birth: 1960-07-21, Uithoorn, NL

 

P. Cornelisse (Pieter)

Netherlands

Competence: Limited authorization

Function: Proxy

Starting date: 2013-07-01

Date of birth: 1962-08-29, Haarlem, NL

 

D.S. van Mechelen (David Sylvester)

Netherlands

Competence: Limited authorization

Function: Proxy

Starting date: 2014-11-01

Date of birth: 1973-11-14, Nijmegen, NL

 

Involved with the following companies

 

Transavia Airlines B.V.

Piet Guilonardweg 15

1117EE Schiphol

Netherlands

Registration number: 340352970000

Function: Manager

 

M. Blasse (Maarten)

Netherlands

Competence: Limited authorization

Function: Proxy

Starting date: 2013-08-01

Date of birth: 1961-11-27, Geldrop, NL

 

S. Stienstra (Sylvia)

Netherlands

Competence: Limited authorization

Function: Proxy

Starting date: 2014-02-01

Date of birth: 1963-11-08, Haarlem, NL

 

M.H. van Deursen (Mattheus Hendrikus)

Netherlands

Competence: Limited authorization

Function: Proxy

Starting date: 2014-02-01

Date of birth: 1970-07-20, Haarlem, NL

 

M.P. van Rijswijk (Marcellinus Paulus)

Netherlands

Competence: Limited authorization

Function: Proxy

Starting date: 2014-02-01

Date of birth: 1959-01-28, Amsterdam, NL

 

R.H.M.F. Pompen (Roeland Harry Minard Frans)

Netherlands

Competence: Limited authorization

Function: Proxy

Starting date: 2014-08-01

Date of birth: 1974-01-02, Maastricht, NL

 

I. Brouwer - van Wieringen (Ingetje)

Netherlands

Competence: Limited authorization

Function: Proxy

Starting date: 2014-02-01

Date of birth: 1970-01-06, Hazerswoude, NL

 

I. Brouwer - van Wieringen (Ingetje)

Netherlands

Competence: Limited authorization

Function: Proxy

Starting date: 2014-02-01

Date of birth: 1970-01-06, Hazerswoude, NL

 

W.J.M. Joosten (Wilhelmus Jacques Marie)

Netherlands

Competence: Limited authorization

Function: Proxy

Starting date: 2014-02-01

Date of birth: 1957-01-30, Venlo, NL

 

W.J.M. Joosten (Wilhelmus Jacques Marie)

Netherlands

Competence: Limited authorization

Function: Proxy

Starting date: 2014-02-01

Date of birth: 1957-01-30, Venlo, NL

 

E. Justus (Esther)

Netherlands

Competence: Limited authorization

Function: Proxy

Starting date: 2014-02-01

Date of birth: 1971-07-23, Amsterdam, NL

 

E. Justus (Esther)

Netherlands

Competence: Limited authorization

Function: Proxy

Starting date: 2014-02-01

Date of birth: 1971-07-23, Amsterdam, NL

 

N.J.M. Bishop - Doreleijers (Natalie Josephina Maria)

Netherlands

Competence: Limited authorization

Function: Proxy

Starting date: 2014-02-01

Date of birth: 1971-01-31, 's-Hertogenbosch, NL

 

N.J.M. Bishop - Doreleijers (Natalie Josephina Maria)

Netherlands

Competence: Limited authorization

Function: Proxy

Starting date: 2014-02-01

Date of birth: 1971-01-31, 's-Hertogenbosch, NL

 

C.M.W.M. van Meersbergen (Cornelia Margriet Wilhelmina M)

Netherlands

Competence: Limited authorization

Function: Proxy

Starting date: 2014-02-01

Date of birth: 1957-10-23, Haarlem, NL

 

C.M.W.M. van Meersbergen (Cornelia Margriet Wilhelmina M)

Netherlands

Competence: Limited authorization

Function: Proxy

Starting date: 2014-02-01

Date of birth: 1957-10-23, Haarlem, NL

C.M.W.M. van Meersbergen (Cornelia Margriet Wilhelmina M)

Netherlands

Competence: Limited authorization

Function: Proxy

Starting date: 2014-02-01

Date of birth: 1957-10-23, Haarlem, NL

 

B.V. Kraakman (Bernadette Veronique)

Netherlands

Competence: Limited authorization

Function: Proxy

Starting date: 2014-02-01

Date of birth: 1955-08-20, Kuinre, NL

 

B.V. Kraakman (Bernadette Veronique)

Netherlands

Competence: Limited authorization

Function: Proxy

Starting date: 2014-02-01

Date of birth: 1955-08-20, Kuinre, NL

 

B.V. Kraakman (Bernadette Veronique)

Netherlands

Competence: Limited authorization

Function: Proxy

Starting date: 2014-02-01

Date of birth: 1955-08-20, Kuinre, NL

 

M.F. Williams - Rump (Monique Fayza)

Netherlands

Competence: Limited authorization

Function: Proxy

Starting date: 2014-02-01

Date of birth: 1970-08-23, Monrovia, LR

 

M.F. Williams - Rump (Monique Fayza)

Netherlands

Competence: Limited authorization

Function: Proxy

Starting date: 2014-02-01

Date of birth: 1970-08-23, Monrovia, LR

 

M.F. Williams - Rump (Monique Fayza)

Netherlands

Competence: Limited authorization

Function: Proxy

Starting date: 2014-02-01

Date of birth: 1970-08-23, Monrovia, LR

J.W. Boerema (Johanna Willemina)

Netherlands

Competence: Limited authorization

Function: Proxy

Starting date: 2014-02-01

Date of birth: 1956-06-12, Heerenveen, NL

 

J.W. Boerema (Johanna Willemina)

Netherlands

Competence: Limited authorization

Function: Proxy

Starting date: 2014-02-01

Date of birth: 1956-06-12, Heerenveen, NL

 

J.W. Boerema (Johanna Willemina)

Netherlands

Competence: Limited authorization

Function: Proxy

Starting date: 2014-02-01

Date of birth: 1956-06-12, Heerenveen, NL

 

M.F. Buntsma (Margaretha Femke)

Netherlands

Competence: Limited authorization

Function: Proxy

Starting date: 2014-02-01

Date of birth: 1976-04-11, Zoeterwoude, NL

 

M.F. Buntsma (Margaretha Femke)

Netherlands

Competence: Limited authorization

Function: Proxy

Starting date: 2014-02-01

Date of birth: 1976-04-11, Zoeterwoude, NL

 

M.F. Buntsma (Margaretha Femke)

Netherlands

Competence: Limited authorization

Function: Proxy

Starting date: 2014-02-01

Date of birth: 1976-04-11, Zoeterwoude, NL

 

B.A. Francisco (Biangela Altagracia)

Netherlands

Competence: Limited authorization

Function: Proxy

Starting date: 2014-02-01

Date of birth: 1973-01-12, Curaçao, AN

B.A. Francisco (Biangela Altagracia)

Netherlands

Competence: Limited authorization

Function: Proxy

Starting date: 2014-02-01

Date of birth: 1973-01-12, Curaçao, AN

 

B.A. Francisco (Biangela Altagracia)

Netherlands

Competence: Limited authorization

Function: Proxy

Starting date: 2014-02-01

Date of birth: 1973-01-12, Curaçao, AN

 

E. Gelderblom (Eric-Jan)

Netherlands

Competence: Limited authorization

Function: Proxy

Starting date: 2014-02-01

Date of birth: 1976-01-22, Amsterdam, NL

 

E. Gelderblom (Eric-Jan)

Netherlands

Competence: Limited authorization

Function: Proxy

Starting date: 2014-02-01

Date of birth: 1976-01-22, Amsterdam, NL

 

B.M.S. Wielenga - Heintges (Brechtje Marlies Susanne)

Netherlands

Competence: Limited authorization

Function: Proxy

Starting date: 2014-07-01

Date of birth: 1971-07-17, Geleen, NL

 

B.M.S. Wielenga - Heintges (Brechtje Marlies Susanne)

Netherlands

Competence: Limited authorization

Function: Proxy

Starting date: 2014-07-01

Date of birth: 1971-07-17, Geleen, NL

 

B.M.S. Wielenga - Heintges (Brechtje Marlies Susanne)

Netherlands

Competence: Limited authorization

Function: Proxy

Starting date: 2014-07-01

Date of birth: 1971-07-17, Geleen, NL

 

R.A.M. Hogerwerf (Ronald Anthonius Maria)

Netherlands

Competence: Limited authorization

Function: Proxy

Starting date: 2014-09-16

Date of birth: 1957-05-09, Nieuwer-Amstel, NL

 

R.A.M. Hogerwerf (Ronald Anthonius Maria)

Netherlands

Competence: Limited authorization

Function: Proxy

Starting date: 2014-09-16

Date of birth: 1957-05-09, Nieuwer-Amstel, NL

 

R.A.M. Hogerwerf (Ronald Anthonius Maria)

Netherlands

Competence: Limited authorization

Function: Proxy

Starting date: 2014-09-16

Date of birth: 1957-05-09, Nieuwer-Amstel, NL

 

M. de Boer (Marloes)

Netherlands

Competence: Limited authorization

Function: Secretaris

Starting date: 2009-12-11

Date of birth: 1977-11-25, Amersfoort, NL

 

B.C.P. Kerrebijn - van Koppen (Barbara Catharina Petronella)

Netherlands

Competence: Limited authorization

Function: Secretaris

Starting date: 2005-03-30

Date of birth: 1966-02-20, Delft, NL

 

R.B. Smit (Renée Birgit)

Netherlands

Competence: Limited authorization

Function: Secretaris

Starting date: 2013-04-18

Date of birth: 1965-09-27, Amstelveen, NL

 

 

Employees

 

Year                             2014                 2013                 2012                 2011                 2010

Total                             1316                 1316                 18769               18769               31787

 

 

 

Payments

 

Description                  Payments are made regularly with some delay

 

 

Year

2013

2012

2011

2010

2009

Quick ratio

0,66

0,70

0,84

0,75

0,77

Current ratio

0,72

0,76

0,90

0,80

0,82

Working capital/ balance total

-0,10

-0,07

-0,03

-0,06

-0,06

Equity / balance total

0,17

0,23

0,24

0,21

0,19

Equity / Fixed assets

0,22

0,29

0,33

0,28

0,26

Equity / liabilities

0,20

0,29

0,34

0,26

0,25

Balance total / liabilities

1,20

1,29

1,41

1,26

1,33

Working capital

-937.000.000

-790.000.000

-350.000.000

-686.000.000

-636.000.000

Equity

1.608.000.000

2.439.000.000

2.681.000.000

2.238.000.000

2.098.000.000

Mutation equity

-34,07

-9,03

19,79

6,67

-45,89

Mutation short term liabilities

2,47

-6,64

1,18

-4,44

33,69

Return on total assets (ROA)

1,58

-0,43

0,74

-4,54

-1,70

Return on equity (ROE)

9,45

-1,89

3,10

-21,89

-8,91

Gross profit margin

 

 

 

 

2,64

Net profit margin

 

 

 

 

-2,36

Average collection ratio

 

 

 

 

2,26

Average payment ratio

 

 

 

 

4,87

Equity turnover ratio

 

 

 

 

3,90

Total assets turnover ratio

 

 

 

 

0,74

Fixed assets turnover ratio

 

 

 

 

1,02

Inventory conversion ratio

 

 

 

 

42,18

Turnover

 

 

 

 

8.182.000.000

Operating result

713.000.000

58.000.000

240.000.000

-541.000.000

216.000.000

Net result after taxes

133.000.000

-44.000.000

147.000.000

-383.000.000

-193.000.000

Gross profit

 

 

8.651.000.000

 

8.182.000.000

EBIT

713.000.000

58.000.000

240.000.000

-541.000.000

216.000.000

Summary

The 2013 financial result structure is a negative working capital of -937.000.000 euro, which

is in agreement with -10 % of the total assets of the company.

 

The working capital has diminished with -18.61 % compared to previous year. The ratio, with

respect to the total assets of the company has however, declined.

 

The deterioration between 2012 and 2013 has mainly been caused by an increase of the

current liabilities.

 

The current ratio of the company in 2013 was 0.72. When the current ratio is below 1.5, the

company may have problems meeting its short-term obligations.

 

The quick ratio in 2013 of the company was 0.66. A company with a Quick Ratio of less than

1 cannot currently pay back its current liabilities.

 

The 2012 financial result structure is a negative working capital of -790.000.000 euro, which

is in agreement with -7 % of the total assets of the company.

 

The working capital has diminished with -125.71 % compared to previous year. The ratio,

with respect to the total assets of the company has however, declined.

 

The deterioration between 2011 and 2012 has mainly been caused by an increase of the

current liabilities.

 

The current ratio of the company in 2012 was 0.76. When the current ratio is below 1.5, the

company may have problems meeting its short-term obligations.

 

The quick ratio in 2012 of the company was 0.7. A company with a Quick Ratio of less than 1

cannot currently pay back its current liabilities.

 

 

 

 

Financial statement

 

Last annual account                 2013

Remark annual account            The company is obliged to file its financial statements.

Type of annual account            Consolidated

 

Annual account                        Koninklijke Luchtvaart Maatschappij N.V.

Amsterdamseweg 55

1182GP Amstelveen

Netherlands

Registration number: 330142860000

Balance Sheet

Year

2013

2012

2011

2010

2009

End date

2013-12-31

2012-12-31

2011-03-31

2010-03-31

2009-03-31

Intangible fixed assets

254.000.000

218.000.000

145.000.000

119.000.000

103.000.000

Other tangible fixed assets

-----

-----

-----

-----

4.756.000.000

Tangible fixed assets

3.999.000.000

4.182.000.000

4.537.000.000

4.632.000.000

4.756.000.000

Other financial fixed assets

-----

-----

-----

-----

3.167.000.000

Financial fixed assets

2.938.000.000

3.904.000.000

3.385.000.000

3.268.000.000

3.167.000.000

Fixed assets

7.191.000.000

8.304.000.000

8.067.000.000

8.019.000.000

8.026.000.000

Other stock

 

 

 

 

194.000.000

Total stock

202.000.000

204.000.000

199.000.000

192.000.000

194.000.000

Accounts receivable

525.000.000

547.000.000

689.000.000

631.000.000

731.000.000

Other receivables

715.000.000

498.000.000

1.040.000.000

872.000.000

949.000.000

Total receivables

1.240.000.000

1.045.000.000

1.729.000.000

1.503.000.000

1.680.000.000

Liquid funds

976.000.000

1.235.000.000

1.229.000.000

1.085.000.000

1.117.000.000

accruals

-----

-----

1.040.000.000

-----

949.000.000

Current assets

2.418.000.000

2.484.000.000

3.157.000.000

2.780.000.000

2.991.000.000

Total assets

9.609.000.000

10.788.000.000

11.224.000.000

10.799.000.000

11.017.000.000

Other reserves

-----

-----

-----

-----

2.098.000.000

Total reserves

-----

-----

------

-----

2.098.000.000

Minority interests

3.000.000

2.000.000

2.000.000

2.000.000

1.000.000

Total equity

1.608.000.000

2.439.000.000

2.681.000.000

2.238.000.000

2.098.000.000

 

Provisions

1.067.000.000

1.171.000.000

567.000.000

697.000.000

605.000.000

Long term interest yielding debt

3.576.000.000

3.902.000.000

-----

4.396.000.000

-----

Other long term liabilities

-----

-----

-----

-----

4.686.000.000

Long term liabilities

3.576.000.000

3.902.000.000

4.467.000.000

4.396.000.000

4.686.000.000

Accounts payable

966.000.000

668.000.000

1.755.000.000

667.000.000

552.000.000

Other short term liabilities

2.389.000.000

2.606.000.000

1.752.000.000

2.799.000.000

3.075.000.000

Short term liabilities

3.355.000.000

3.274.000.000

3.507.000.000

3.466.000.000

3.627.000.000

Total short and long term liabilities

7.998.000.000

8.347.000.000

7.974.000.000

8.559.000.000

8.313.000.000

Total liabilities

9.609.000.000

10.788.000.000

11.224.000.000

10.799.000.000

11.017.000.000

 

Summary

The total assets of the company decreased with -10.93 % between 2012 and 2013.

 

This downturn is mainly retrievable in the fixed asset decrease of -13.4 %.

Assets reduction is explained by a Net Worth decrease of -34.07 %, and an indebtedness

reduction of -4.18 %.

 

In 2013 the assets of the company were 74.84 % composed of fixed assets and 25.16 % by

current assets. The assets are being financed by an equity of 16.73 %, and total debt of

83.27 %.

 

The total assets of the company decreased with -3.88 % between 2011 and 2012.

Despite the total assets decrease, non current assets grew with 2.94 %.

 

The asset reduction results in an equity decrease of -9.03 %. Despite the decrease, the

indebtness increased with 4.68 %.

 

In 2012 the assets of the company were 76.97 % composed of fixed assets and 23.03 % by

current assets. The assets are being financed by an equity of 22.61 %, and total debt of

77.39 %.

 

 

 

 

Profit & Loss

Year

2013

2012

2011

2010

2009

Revenues

9.688.000.000

9.473.000.000

8.651.000.000

7.469.000.000

8.182.000.000

other operating costs

----

----

----

----

7.966.000.000

Net turnover

----

----

----

----

8.182.000.000

Operating expenses

8.975.000.000

9.415.000.000

8.411.000.000

8.010.000.000

7.966.000.000

Result in subsidiaries

----

----

2.000.000

----

-47.000.000

Operating result

713.000.000

58.000.000

240.000.000

-541.000.000

216.000.000

Financial income

98.000.000

53.000.000

43.000.000

67.000.000

141.000.000

Financial expenses

659.000.000

157.000.000

202.000.000

16.000.000

497.000.000

Financial result

-561.000.000

-104.000.000

-159.000.000

51.000.000

-356.000.000

Result on ordinary operations before taxes

152.000.000

-46.000.000

83.000.000

-490.000.000

-187.000.000

Taxation on the result of ordinary activities

48.000.000

-13.000.000

1.000.000

-114.000.000

-62.000.000

Result of ordinary activities after taxes

104.000.000

-33.000.000

82.000.000

-376.000.000

-125.000.000

Extraordinary income

40.000.000

----

----

----

----

Extraordinary expense

1.000.000

----

----

----

----

Extraordinary result after taxation

39.000.000

----

----

----

68.000.000

Result subsidiaries after taxes

 

-11.000.000

 

-7.000.000

 

Net result

133.000.000

-44.000.000

147.000.000

-383.000.000

-193.000.000

Attributable to third parties

10.000.000

----

----

----

----

 

Summary

The operating result of the company grew with 1129.31 % between 2012 and 2013. This

evolution implies an increase of the company's economic profitability.

 

The result of these changes is an increase of the company's Economic Profitability of 467.44

% of the analysed period, being equal to 2012 % in the year 2013.

 

The Net Result of the company decreased by 402.27 % between 2012 and 2013.

 

The company's Financial Profitability has been positively affected by the financial activities in

comparison to the EBITs behaviour. The result of these variations is a profitability increase of

600 % of the analysed period, being 9.45 % in the year 2013.

 

The company's financial structure has slowed down its financial profitability.

 

The operating result of the company declined with -75.83 % between 2011 and 2012. This

evolution implies an decrease of the company's economic profitability.

 

The result of these changes is a reduction of the company's Economic Profitability of -158.11

% of the analysed period, being equal to 2011 % in the year 2012.

 

The Net Result of the company increased by -129.93 % between 2011 and 2012.

 

The company's Financial Profitability has been positively affected by the financial activities in

comparison to the EBITs behaviour. The result of these variations is a profitability increase of

-160.97 % of the analysed period, being -1.89 % in the year 2012.

 

The company's financial profitability has been positively affected by its financial structure.

 

 

Analysis

 

Branch (SBI)

Air transport (51)

 

Region

Groot Amsterdam

In the Netherlands 488 of the companies are registered with the SBI code 51

In the region Groot Amsterdam 112 of the companies are registered with the SBI code 51

In the Netherlands 8 of the bankrupcties are published within this sector

In the region Groot Amsterdam 2 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

01-05-2014: De jaarrekening over 2013 is gepubliceerd.

30-04-2013: De jaarrekening over 2012 is gepubliceerd.

12-07-2011: De jaarrekening over 2011 (gebroken boekjaar) is gepubliceerd.

15-07-2010: De jaarrekening over 2010 (gebroken boekjaar) is gepubliceerd.

 

Functions

26-11-2014: Per 01-11-2014 is gevolmachtigde David Sylvester van Mechelen in functiegetreden.

05-11-2014: Per 27-10-2014 is gevolmachtigde Elisabeth Stephanie Oudkerk uit functiegetreden.

05-11-2014: Per 01-02-2014 is gevolmachtigde Ingrid van der Linden uit functie getreden.

05-11-2014: Per 01-02-2014 is gevolmachtigde Stella Claudia O'Sullivan uit functie getreden.

05-11-2014: Per 01-02-2014 is gevolmachtigde Saskia Monique van der Hoek uit functiegetreden.

04-11-2014: Per 01-11-2014 is gevolmachtigde Marjan Elisabeth Ferina Rintel uit functiegetreden.

04-11-2014: Per 01-11-2014 is gevolmachtigde Jeroen Waller Visser uit functie getreden.

23-10-2014: Per 01-07-2014 is gevolmachtigde Brechtje Marlies Susanne Wielenga-Heintgesin functie getreden.

23-10-2014: Per 23-04-2014 is gevolmachtigde Erik Ruben Swelheim uit functie getreden.

23-10-2014: Per 01-11-2012 is gevolmachtigde Oscar Brinio Arian Veldhuijzen van Zanten uitfunctie getreden.

20-10-2014: Per 16-10-2014 is bestuurder Camiel Martinus Petrus Stefanus Eurlings uitfunctie getreden.

15-10-2014: Per 01-02-2014 is gevolmachtigde Eric-Jan Gelderblom in functie getreden.

01-10-2014: Per 01-02-2014 is gevolmachtigde Wilhelmus Jacques Marie Joosten in functiegetreden.

01-10-2014: Per 01-02-2014 is gevolmachtigde Jan Paul Ternede in functie getreden.

01-10-2014: Per 01-02-2014 is gevolmachtigde Biangela Altagracia Francisco in functiegetreden.

01-10-2014: Per 01-02-2014 is gevolmachtigde Johanna Willemina Boerema in functiegetreden.

01-10-2014: Per 01-02-2014 is gevolmachtigde Margaretha Femke Buntsma in functiegetreden.

01-10-2014: Per 01-02-2014 is gevolmachtigde Charles Christian Poublon in functiegetreden.

01-10-2014: Per 01-02-2014 is gevolmachtigde Monique Fayza Williams-Rump in functiegetreden.

01-10-2014: Per 01-02-2014 is gevolmachtigde Bernadette Veronique Kraakman in functiegetreden.

01-10-2014: Per 01-02-2014 is gevolmachtigde Henri Victor Telman in functie getreden.

01-10-2014: Per 01-02-2014 is gevolmachtigde Cornelia Margriet Wilhelmina Maria vanMeersbergen in functie getreden.

01-10-2014: Per 01-02-2014 is gevolmachtigde Rozemarijn Bloemendal-Verjans in functiegetreden.

01-10-2014: Per 01-02-2014 is gevolmachtigde Natalie Josephina Maria Bishop-Doreleijers

in functie getreden.

01-10-2014: Per 01-02-2014 is gevolmachtigde Esther Justus in functie getreden.

01-10-2014: Per 01-02-2014 is gevolmachtigde Masja Ine Gerard Jonkers in functiegetreden.

01-10-2014: Per 01-02-2014 is gevolmachtigde Jean Paul Adrianus Antonius Mulder infunctie getreden.

01-10-2014: Per 01-02-2014 is gevolmachtigde Ingetje Brouwer-van Wieringen in functiegetreden.

29-09-2014: Per 16-09-2014 is gevolmachtigde Ronald Anthonius Maria Hogerwerf in functiegetreden.

02-09-2014: Per 01-08-2014 is gevolmachtigde Roeland Harry Minard Frans Pompen infunctie getreden.

18-08-2014: Per 01-08-2013 is gevolmachtigde Jérôme Marc Veyrier uit functie getreden.

15-07-2014: Per 30-06-2014 is gevolmachtigde Elisabeth Stephanie Oudkerk in functiegetreden.

11-07-2014: Per 30-06-2014 is gevolmachtigde Robertino Fransisco Veltman uit functiegetreden.

09-07-2014: Per 23-04-2014 is commissaris Cornelis Christiaan 't Hart in functie getreden.

09-07-2014: Per 23-04-2014 is commissaris Alice Beatrice Dautry in functie getreden.

12-05-2014: Per 23-04-2014 is commissaris Jean-Didier Francois Charles Blanchet uitfunctie getreden.

12-05-2014: Per 23-04-2014 is commissaris Kornelis Jan Storm uit functie getreden.

07-05-2014: Per 23-04-2014 is bestuurder Erik Ruben Swelheim in functie getreden.

30-04-2014: Per 01-04-2014 is gevolmachtigde Steven Arend Zaat uit functie getreden.

18-02-2014: Per 01-02-2014 is gevolmachtigde Marcellinus Paulus van Rijswijk in functiegetreden.

18-02-2014: Per 01-02-2014 is gevolmachtigde Mattheus Hendrikus van Deursen in functiegetreden.

18-02-2014: Per 01-02-2014 is gevolmachtigde Sylvia Stienstra in functie getreden.

21-01-2014: Per 01-01-2014 is gevolmachtigde Pieter Dirk Bootsma in functie getreden.

11-12-2013: Per 01-12-2013 is gevolmachtigde Nathalie Kampert in functie getreden.

13-11-2013: Per 01-09-2013 is gevolmachtigde Marcel de Nooijer in functie getreden.

29-10-2013: Per 19-07-2010 is gevolmachtigde Ronald Petrus Hendriks uit functie getreden.

29-10-2013: Per 01-07-2012 is gevolmachtigde Jacobus van de Linde uit functie getreden.

08-10-2013: Per 15-06-2013 is gevolmachtigde Mattijs Alexander ten Brink uit functiegetreden.

08-10-2013: Per 15-06-2013 is gevolmachtigde Ronald Josephus Lambertus Wouters uitfunctie getreden.

08-10-2013: Per 15-06-2013 is gevolmachtigde Jan Willem Leonard de Jong uit functiegetreden.

13-09-2013: Per 01-08-2013 is gevolmachtigde Eelco Ferdinand Wouter van Asch in functiegetreden.

09-09-2013: Per 01-08-2013 is gevolmachtigde Maarten Blasse in functie getreden.

09-09-2013: Per 01-07-2013 is gevolmachtigde Aart Wijnand Slagt in functie getreden.

06-09-2013: Per 01-07-2013 is gevolmachtigde Pieter Cornelisse in functie getreden.

15-08-2013: Per 01-07-2013 is gevolmachtigde Pieter Dirk Bootsma uit functie getreden.

02-07-2013: Per 01-07-2013 is bestuurder Peter Frans Hartman uit functie getreden.

02-07-2013: Per 15-06-2013 is gevolmachtigde Robertino Fransisco Veltman in functiegetreden.

02-07-2013: Per 18-06-2013 is gevolmachtigde Petrus Johannes Theodorus Elbers uitfunctie getreden.

02-07-2013: Per 12-06-2013 is gevolmachtigde Erik Ferdinand Varwijk uit functie getreden.

28-06-2013: Per 15-06-2013 is gevolmachtigde Paulus Maria Habets in functie getreden.

11-06-2013: Per 01-01-2013 is gevolmachtigde René Robert Kalmann in functie getreden.

04-06-2013: Per 01-06-2013 is gevolmachtigde Thomas Paul Grobben uit functie getreden.

09-05-2013: Per 18-04-2013 is gevolmachtigde Renée Birgit Smit in functie getreden.

23-04-2013: Per 01-01-2013 is gevolmachtigde Petrus Maria Schelvis in functie getreden.

28-01-2013: Per 01-01-2013 is gevolmachtigde Robert Hougee in functie getreden.

02-10-2012: Per 01-08-2012 is gevolmachtigde Joyce Patricia Veekman in functie getreden.

06-07-2012: Per 26-06-2012 is gevolmachtigde Bruno Lecerf in functie getreden.

03-07-2012: Per 01-07-2012 is gevolmachtigde Robertus Bernardus van Hijfte in functiegetreden.

15-06-2012: Per 11-05-2012 is commissaris Philippe Clement Calavia in functie getreden.

22-05-2012: Per 11-05-2012 is commissaris Jean François Henri Martre uit functie getreden.

22-05-2012: Per 20-03-2012 is gevolmachtigde Johannes Franciscus Witsenboer uit functiegetreden.

22-05-2012: Per 20-03-2012 is gevolmachtigde Johannes Franciscus Witsenboer in functiegetreden.

22-05-2012: Per 01-02-2012 is gevolmachtigde Peter Karel Maria de Swert uit functiegetreden.

15-05-2012: Per 11-05-2012 is bestuurder Petrus Johannes Theodorus Elbers in functie

getreden.

13-04-2012: Per 15-03-2012 is gevolmachtigde Joop Johannes Kooiman in functie getreden.

26-03-2012: Per 06-03-2012 is bestuurder Frédéric Nicolas Paul Gagey uit functie getreden.

02-02-2012: Per 16-01-2012 is gevolmachtigde René Martijn de Groot in functie getreden.

06-01-2012: Per 01-08-2011 is gevolmachtigde Isabelle Frédérique Schneiders in functiegetreden.

06-01-2012: Per 01-08-2011 is gevolmachtigde Julia Eleonora Mabel van Olst in functiegetreden.

06-01-2012: Per 25-07-2011 is gevolmachtigde Ingrid van der Linden in functie getreden.

06-01-2012: Per 10-01-2011 is gevolmachtigde Ronnie Langendoen in functie getreden.

06-01-2012: Per 10-01-2011 is gevolmachtigde Elisabeth Maria Jacoba Govan-Vermue infunctie getreden.

06-01-2012: Per 10-01-2011 is gevolmachtigde Monique van Vlaanderen-Bus in functiegetreden.

06-01-2012: Per 10-01-2011 is gevolmachtigde Vanessa Widia Lint-Mohunlol in functiegetreden.

06-01-2012: Per 10-01-2011 is gevolmachtigde Stella Claudia O'Sullivan in functie getreden.

17-10-2011: Per 08-09-2010 is gevolmachtigde Anita Catharina Veronica Franzen uit functiegetreden.

17-10-2011: Per 31-05-2010 is gevolmachtigde Pauly van der Leest uit functie getreden.

17-10-2011: Per 31-01-2011 is gevolmachtigde Monique Fayza Williams-Rump uit functiegetreden.

17-10-2011: Per 01-10-2011 is gevolmachtigde Henri Victor Telman uit functie getreden.

17-10-2011: Per 30-09-2008 is gevolmachtigde Jan Paul Ternede uit functie getreden.

17-10-2011: Per 31-01-2011 is gevolmachtigde Jean Paul Adrianus Antonius Mulder uitfunctie getreden.

17-10-2011: Per 31-08-2011 is gevolmachtigde Bennart Otto Laansma uit functie getreden.

17-10-2011: Per 31-08-2011 is gevolmachtigde Masja Ine Gerard Jonkers uit functiegetreden.

21-09-2011: Per 01-07-2011 is gevolmachtigde Camiel Martinus Petrus Stefanus Eurlings uitfunctie getreden.

21-09-2011: Per 09-09-2011 is gevolmachtigde Michiel Wilhelmus Anna van Dorst uit functiegetreden.

30-08-2011: Per 23-08-2010 is gevolmachtigde Tjalling Bastiaan Smit uit functie getreden.

26-08-2011: Per 30-06-2010 is gevolmachtigde Nicolette Christine Binnendijk uit functiegetreden.

26-08-2011: Per 01-10-2009 is gevolmachtigde Welmer Homme Teade Blom uit functiegetreden.

26-08-2011: Per 01-12-2010 is gevolmachtigde Abraham Andreas Gräber uit functiegetreden.

26-08-2011: Per 01-01-2011 is gevolmachtigde Ype de Haan uit functie getreden.

08-08-2011: Per 01-07-2011 is commissaris Johanna Maria Roobeek in functie getreden.

01-08-2011: Per 01-08-2011 is gevolmachtigde Robert Paul Regter uit functie getreden.

21-07-2011: Per 01-07-2011 is gevolmachtigde Carolus Erik Ferdinand Maria Schelleman infunctie getreden.

21-07-2011: Per 01-07-2011 is gevolmachtigde Carolus Erik Ferdinand Maria Schelleman uitfunctie getreden.

21-07-2011: Per 15-07-2011 is gevolmachtigde Daniël Bavo Maria Nijssen uit functiegetreden.

08-07-2011: Per 01-07-2011 is bestuurder Camiel Martinus Petrus Stefanus Eurlings infunctie getreden.

08-07-2011: Per 01-07-2011 is bestuurder Erik Ferdinand Varwijk in functie getreden.

06-07-2011: Per 01-07-2011 is commissaris Willem Kok uit functie getreden.

06-07-2011: Per 01-07-2011 is gevolmachtigde Dénise Eliane van Dongen in functiegetreden.

06-07-2011: Per 01-07-2011 is gevolmachtigde Karin Wilhelmina Josepha Maria Niesink infunctie getreden.

01-07-2011: Per 01-07-2011 is gevolmachtigde Nathalie Patricia van Tekelenburg uit functiegetreden.

01-07-2011: Per 01-07-2011 is gevolmachtigde Els Versloot uit functie getreden.

21-06-2011: Per 01-06-2011 is gevolmachtigde Gijsbert Woelders in functie getreden.

10-06-2011: Per 01-05-2011 is gevolmachtigde Roel Johan Varossieau uit functie getreden.

10-06-2011: Per 01-04-2010 is gevolmachtigde Bar-Joep Kruijsen-Storm de Grave uit functiegetreden.

10-06-2011: Per 01-06-2011 is gevolmachtigde Michael Hans Wisbrun uit functie getreden.

20-05-2011: Per 01-04-2011 is bestuurder Jan Ernst Cornelis de Groot uit functie getreden.

17-05-2011: Per 01-05-2011 is gevolmachtigde Trijntje Anna Bergsma in functie getreden.

04-05-2011: Per 01-05-2011 is gevolmachtigde Steven Arend Zaat in functie getreden.

20-04-2011: Per 01-04-2011 is gevolmachtigde Jorn Jurre Wegter in functie getreden.

07-04-2011: Per 01-04-2011 is gevolmachtigde Camiel Martinus Petrus Stefanus Eurlings infunctie getreden.

09-02-2011: Per 01-01-2011 is gevolmachtigde Michaël Frederik Nicodemus EmanuelCoumans uit functie getreden.

03-02-2011: Per 01-01-2011 is gevolmachtigde Pieter Dirk Bootsma in functie getreden.

03-02-2011: Per 01-07-2010 is gevolmachtigde Nathalie Patricia van Tekelenburg in functiegetreden.

31-01-2011: Per 01-01-2011 is gevolmachtigde Michiel Wilhelmus Anna van Dorst in functiegetreden.

31-01-2011: Per 01-10-2010 is gevolmachtigde Antonius Cornelis Maria Veltman uit functiegetreden.

 

Amendments

04-07-2011: Per 1-7-2011 statuten gewijzigd.

 

Other

30-04-2013: ... Datum deponering: 29-04-2013 Datum deponering: 29-04-2013

Deponeringsjaar: 2013 Soort deponering: Lijst van deelnemingen (art. 379 lid 5 BW2).

 

23-05-2012: ... Datum deponering: 21-05-2012 Deponeringsjaar: 2012 Soort deponering: Lijst

van deelnemingen (art.379 lid 5 BW2).

 

13-07-2011: ... Datum deponering: 05-07-2011 Deponeringsjaar: 2011 Soort deponering: Lijst

van deelnemingen (art.379 lid 5 BW2).

 

Company structure

 

Relations                                  36

Koninklijke Luchtvaart Maatschappij N.V.

Amsterdamseweg 55

1182GP Amstelveen

Netherlands

Registration number: 330142860000

 

KLM Luchtvaartschool B.V.

Burg. J.G. Legroweg 43

9761TA EELDE

Netherlands

Registration number: 040405770000

 

KLM International Charter B.V.

Amsterdamseweg 55

1182GP AMSTELVEEN

Netherlands

Registration number: 331218110000

 

Weblok B.V.

Amsterdamseweg 55/AMS/BY

1182GP AMSTELVEEN

Netherlands

Registration number: 331229550000

 

KLM Air Charter B.V.

Amsterdamseweg 55

1182GP AMSTELVEEN

Netherlands

Registration number: 331318340000

KLM Financial Services B.V.

Amsterdamseweg 55

1182GP Amstelveen

Netherlands

Registration number: 331484220000

 

Kroonduif B.V.

Amsterdamseweg 55/AMS/DK

1182GP AMSTELVEEN

Netherlands

Registration number: 331612270000

 

KLM International Finance Company B.V.

Amsterdamseweg 55

1182GP AMSTELVEEN

Netherlands

Registration number: 331911360000

 

Pyrhelio-Staete B.V.

Amsterdamseweg 55/TAV-AMS/BB

1182GP AMSTELVEEN

Netherlands

Registration number: 332151350000

 

Spica-Staete B.V.

Amsterdamseweg 55/TAV-AMS/BB

1182GP AMSTELVEEN

Netherlands

Registration number: 332151940000

 

Orion-Staete B.V.

Amsterdamseweg 55/TAV-AMS/BB

1182GP AMSTELVEEN

Netherlands

Registration number: 332152030000

 

Quasar-Staete B.V.

Amsterdamseweg 55/TAV-AMS/BB

1182GP AMSTELVEEN

Netherlands

Registration number: 332152050000

 

Rigel-Staete B.V.

Amsterdamseweg 55/TAV-AMS/BB

1182GP AMSTELVEEN

Netherlands

Registration number: 332152590000

 

Heeswijk Holding B.V.

Amsterdamseweg 55

1182GP AMSTELVEEN

Netherlands

Registration number: 332154790000

 

KLM Oliemaatschappij B.V.

Amsterdamseweg 55

1182GP AMSTELVEEN

Netherlands

Registration number: 332167090000

 

Blue Crown B.V.

Amsterdamseweg 55

1182GP AMSTELVEEN

Netherlands

Registration number: 332363550000

 

Martinair Holland N.V.

Piet Guilonardweg 17

1117EE Schiphol

Netherlands

Registration number: 340296680000

 

KLM Cityhopper B.V.

Stationsplein 102Convair Geb.

1117CH Schiphol

Netherlands

Registration number: 340353580000

 

Internationale Financiering en Management Maatschappij B.V.

Amsterdamseweg 55

1182GP AMSTELVEEN

Netherlands

Registration number: 340503870000

 

KLM Equipment Services B.V.

Pakhuisstraat 1Gebouw 565

1118DJ SCHIPHOL

Netherlands

Registration number: 340807750000

 

KLM Catering Services Schiphol B.V.

Havenmeesterweg 1

1118CB Luchthaven Schiphol

Netherlands

Registration number: 34084170

 

KLM Health Services B.V.

Stationsplein-NO 236

1117CJ SCHIPHOL

Netherlands

Registration number: 340913310000

Cygnific B.V.

Molenwerf 22

1014BG Amsterdam

Netherlands

Registration number: 341034450000

 

Blue Yonder IX B.V.

Amsterdamseweg 55

1182GP AMSTELVEEN

Netherlands

Registration number: 341200290000

 

European Pneumatic Component Overhaul and Repair - (Epcor) B.V.

Bellsingel 41

1119NT Schiphol-Rijk

Netherlands

Registration number: 341222930000

 

Blue Yonder X B.V.

Amsterdamseweg 55

1182GP AMSTELVEEN

Netherlands

Registration number: 341785590000

 

Blue Yonder XIV B.V.

Amsterdamseweg 55

1182GP AMSTELVEEN

Netherlands

Registration number: 341785650000

 

Blue Yonder XV B.V.

Amsterdamseweg 55

1182GP AMSTELVEEN

Netherlands

Registration number: 342792970000

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.63.45

UK Pound

1

Rs.98.88

Euro

1

Rs.77.62

 

INFORMATION DETAILS

 

Analysis Done by :

SUB

 

 

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

 

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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.