MIRA INFORM REPORT
|
Report Date : |
02.07.2014 |
IDENTIFICATION DETAILS
|
Name : |
LINCOLN SMITWELD B.V. |
|
|
|
|
Registered Office : |
Nieuwe Dukenburgseweg 20, 6534AD Nijmegen |
|
|
|
|
Country : |
Netherlands |
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
01.01.1971 |
|
|
|
|
Com. Reg. No.: |
10019285 |
|
|
|
|
Legal Form : |
Private Company |
|
|
|
|
Line of Business : |
·
Manufacture of fabricated metal products, except
machinery and equipment ·
Manufacture of wire products, chain and springs ·
Wholesale of machine-tools |
|
|
|
|
No. of Employees : |
166 |
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 : |
No complaints |
|
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 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
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 |
Summary
Company name LINCOLN
SMITWELD B.V.
Operative address Nieuwe
Dukenburgseweg 20
6534AD Nijmegen
Netherlands
Legal form Private Company
Registration number KvK-nummer:
10019285
VAT-number 001092832
|
Year |
2012 |
Mutation |
2011 |
Mutation |
2010 |
|
Fixed assets |
7.472.000 |
-5,45 |
7.903.000 |
-7,66 |
8.559.000 |
|
Total receivables |
15.651.000 |
-15,66 |
18.556.000 |
-0,21 |
18.595.000 |
|
Total equity |
32.151.000 |
16,24 |
27.658.000 |
18,27 |
23.385.000 |
|
Short term liabilities |
15.784.000 |
10,80 |
14.245.000 |
-17,52 |
17.270.000 |
|
Net result |
4.642.000 |
8,64 |
4.273.000 |
340,06 |
971.000 |
|
Working capital |
24.944.000 |
24,60 |
20.019.000 |
32,53 |
15.105.000 |
|
Quick ratio |
1,85 |
20,92 |
1,53 |
37,84 |
1,11 |
Contact
information
Company name Lincoln
Smitweld B.V.
Trade names Lincoln
Smitweld
Operative address Nieuwe
Dukenburgseweg 20
6534AD Nijmegen
Netherlands
Correspondence address Postbus
253
6500AG Nijmegen
Netherlands
Telephone number 0243522911
Fax number 0243522200
Email address customerservice@lincolnelectric.eu
Website www.lincolnelectric.com
Registration
Registration number
KvK-nummer: 10019285
Branch number 000020103328
VAT-number 001092832
Status Active
Memorandum 1971-06-10
Establishment date 1971-01-01
Legal form Private Company
Legal person since 1973-01-10
Last proposed admendment 2005-07-19
Activities
SBI Manufacture
of fabricated metal products, except machinery and equipment (25)
Manufacture of wire products, chain and
springs (2593)
Manufacture of wire products (259301)
Wholesale of machine-tools (4662)
Exporter Yes
Importer No
Branche organisations NIL
- Nederlands Instituut voor Lastechniek
BMD Advies
Rijndelta
Goal The production of and trade in equipment, consumables and auxiliary tools for welding, cutting, tempering, forming,
soldering and casting of metals and metal alloys
Relations
Shareholders Lincoln
Electric Europe B.V.
Nieuwe Dukenburgseweg 20
6534AD NIJMEGEN
Netherlands
Registration number: 100284330000
Percentage: 100.00%
Companies on same address Lincoln
Electric Dutch Holdings B.V.
Registration number: 110237950000
Lincoln Electric Europe B.V.
Registration number: 100284330000
SSM RP Holding B.V.
Registration number: 342945310000
Stichting Pluryn Exploitatie
Registration number: 091097740106
Bank
details
Accounts ABN
Amro Bank NV
Account number: 45.30.70.833
Bank of America
Account number: 26.65.64.836
Management
Active management Lincoln
Electric Europe B.V.
Nieuwe Dukenburgseweg 20
6534AD NIJMEGEN
Netherlands
Registration number: 100284330000
Competence: Fully authorized
Function: Manager
Starting date: 2005-03-01
D.P. Ramos Leitão (Daniel Paulo)
6642AP
Netherlands
Competence: Limited authorization
Function: Financieel Manager
Starting date: 1998-06-15
Date of birth: 1966-04-16, Lissabon, PT
T.A. Flohn (Thomas Anthony)
Netherlands
Function: Commissaris
Starting date: 2010-07-01
Date of birth: 1960-09-10, Ohio, US
L.A. Oliveira e Cunha de Vasconcelos Dias
(Luis Antonio)
Netherlands
Function: Commissaris
Starting date: 2011-09-01
Date of birth: 1973-10-31, São Domingos de
Benfica, NL
J.A.M. Hermans (Johannes Albertus Maria)
6538LP
Netherlands
Competence: Limited authorization
Function: Proxy
Starting date: 2000-06-01
Date of birth: 1950-11-08, Arnhem, NL
J.J.J. Hermens (Jeroen Johannes Jacobus)
6604DR
Netherlands
Competence: Limited authorization
Function: Proxy
Starting date: 2002-03-13
Date of birth: 1972-10-18, Nijmegen, NL
P.F.M. Hendrickx (Patrick Frans Maria)
Netherlands
Competence: Limited authorization
Function: Proxy
Starting date: 2014-05-01
Date of birth: 1967-10-20, Turnhout, BE
Involved with the following companies
• Air Liquide Welding Nederland B.V.
Rudonk 6B
4824AJ Breda
Netherlands
Registration number: 200401890000
Function: Manager
J.J.H. Werson (Johannes Joseph Hubertus)
Netherlands
Competence: Limited authorization
Function: Proxy
Starting date: 2007-06-01
Date of birth: 1951-06-02, Assen, NL
R.D. Gudden (Remco Dominggus)
Netherlands
Competence: Limited authorization
Function: Proxy
Starting date: 2008-07-05
Date of birth: 1974-05-24, Djakarta, ID
P.J.T.M. de Bie (Petrus Johannes Titus
Maria)
Netherlands
Competence: Limited authorization
Function: Proxy
Starting date: 2011-02-01
Date of birth: 1965-11-26, Nijmegen, NL
M. Huisman (Michiel)
Netherlands
Competence: Limited authorization
Function: Proxy
Starting date: 2012-06-01
Date of birth: 1973-07-13, Nijmegen, NL
W. Westbroek (Willem)
Netherlands
Competence: Limited authorization
Function: Proxy
Starting date: 2013-03-01
Date of birth: 1971-01-29, Streefkerk, NL
Employees
Year 2014 2013 2012 2011 2010
Total 166 166 189 189
189
Payments
Description Payments
are made regularly no complaints are known
Key figures
|
Year |
2012 |
2011 |
2010 |
2009 |
2008 |
|
|
Quick ratio |
1,85 |
1,53 |
1,11 |
1,23 |
0,91 |
|
|
Current ratio |
2,58 |
2,41 |
1,87 |
2,17 |
1,69 |
|
|
Working capital/ balance
total |
0,52 |
0,47 |
0,37 |
0,40 |
0,32 |
|
|
Equity / balance total |
0,67 |
0,66 |
0,57 |
0,66 |
0,52 |
|
|
Equity / Fixed assets |
4,30 |
3,50 |
2,73 |
2,50 |
2,47 |
|
|
Equity / liabilities |
2,00 |
1,91 |
1,33 |
1,91 |
1,12 |
|
|
Balance total /
liabilities |
3,00 |
2,91 |
2,33 |
2,91 |
2,14 |
|
|
Working capital |
24.944.000 |
20.019.000 |
15.105.000 |
13.587.000 |
14.618.000 |
|
|
Equity |
32.151.000 |
27.658.000 |
23.385.000 |
22.430.000 |
23.860.000 |
|
|
Mutation equity |
16,24 |
18,27 |
4,26 |
-5,99 |
26,12 |
|
|
Mutation short term
liabilities |
10,80 |
-17,52 |
48,46 |
-45,26 |
-32,57 |
|
|
Return on total assets
(ROA) |
13,09 |
13,78 |
3,40 |
-4,79 |
13,90 |
|
|
Return on equity (ROE) |
19,62 |
21,00 |
5,94 |
-7,29 |
26,51 |
|
|
Gross profit margin |
7,66 |
6,69 |
2,06 |
-2,00 |
6,88 |
|
|
Net profit margin |
5,60 |
4,77 |
1,30 |
-1,98 |
5,06 |
|
|
Average collection ratio |
5,25 |
6,29 |
4,34 |
6,21 |
4,59 |
|
|
Average payment ratio |
5,29 |
4,83 |
4,03 |
5,13 |
5,11 |
|
|
Equity turnover ratio |
2,58 |
3,24 |
3,20 |
3,22 |
4,09 |
|
|
Total assets turnover
ratio |
1,72 |
2,12 |
1,83 |
2,11 |
2,14 |
|
|
Fixed assets turnover
ratio |
11,09 |
11,33 |
8,75 |
8,06 |
10,12 |
|
|
Inventory conversion ratio |
7,15 |
7,19 |
5,64 |
6,66 |
5,92 |
|
|
Turnover |
82.859.000 |
89.556.000 |
74.925.000 |
72.235.000 |
97.581.000 |
|
|
Gross margin |
18.336.000 |
17.031.000 |
12.525.000 |
10.766.000 |
|
|
|
Operating result |
6.350.000 |
5.993.000 |
1.545.000 |
-1.442.000 |
6.713.000 |
|
|
Net result after taxes |
4.642.000 |
4.273.000 |
971.000 |
-1.430.000 |
4.942.000 |
|
|
Cashflow |
5.550.000 |
5.258.000 |
|
-388.000 |
|
|
|
Gross profit |
|
|
74.925.000 |
|
97.581.000 |
|
|
EBIT |
6.350.000 |
5.993.000 |
1.545.000 |
-1.442.000 |
6.713.000 |
|
|
EBITDA |
7.258.000 |
6.978.000 |
|
-400.000 |
|
|
Summary The 2012
financial result structure is a postive working captial of 24.944.000 euro,
which is in agreement with 52 % of the total assets of the company.
The working capital has increased with 24.6 %
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
2.58. 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 20.019.000 euro, which is in agreement with 47 % of
the total assets of the company.
The working capital has increased with 32.53
% compared to previous year. The ratio, with respect to the total assets of the
company has however, increased.
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
2.41. 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
1.53. 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 Lincoln
Smitweld B.V.
Nieuwe Dukenburgseweg 20
6534AD Nijmegen
Netherlands
Registration number: 100192850000
Balance
|
Year |
2012 |
2011 |
2010 |
2009 |
2008 |
|
End date |
2012-12-31 |
2011-12-31 |
2010-12-31 |
2009-12-31 |
2008-12-31 |
|
Other tangible fixed
assets |
|
|
|
|
9.280.000 |
|
Tangible fixed assets |
7.053.000 |
7.662.000 |
8.277.000 |
8.636.000 |
9.280.000 |
|
Other financial fixed
assets |
|
|
|
|
361.000 |
|
Financial fixed assets |
419.000 |
241.000 |
282.000 |
321.000 |
361.000 |
|
Fixed assets |
7.472.000 |
7.903.000 |
8.559.000 |
8.957.000 |
9.641.000 |
|
Other stock |
|
|
|
|
16.479.000 |
|
Total
stock |
11.593.000 |
12.460.000 |
13.274.000 |
10.854.000 |
16.479.000 |
|
Accounts receivable |
7.975.000 |
9.741.000 |
9.775.000 |
8.206.000 |
11.389.000 |
|
Other receivables |
7.676.000 |
8.815.000 |
8.820.000 |
5.873.000 |
7.705.000 |
|
Total
receivables |
15.651.000 |
18.556.000 |
18.595.000 |
14.079.000 |
19.094.000 |
|
Liquid funds |
13.484.000 |
3.248.000 |
506.000 |
287.000 |
295.000 |
|
accruals |
|
|
|
|
7.705.000 |
|
Current
assets |
40.728.000 |
34.264.000 |
32.375.000 |
25.220.000 |
35.868.000 |
|
Total assets |
48.200.000 |
42.167.000 |
40.934.000 |
34.177.000 |
45.509.000 |
|
Issued capital |
8.168.000 |
8.168.000 |
8.168.000 |
8.168.000 |
8.168.000 |
|
Legal
and statutory reserve |
15.000 |
15.000 |
15.000 |
31.000 |
31.000 |
|
Other
reserves |
23.968.000 |
19.475.000 |
15.202.000 |
14.231.000 |
15.661.000 |
|
Total reserves |
23.983.000 |
19.490.000 |
15.217.000 |
14.262.000 |
15.692.000 |
|
Total equity |
32.151.000 |
27.658.000 |
23.385.000 |
22.430.000 |
23.860.000 |
|
Provisions |
265.000 |
264.000 |
279.000 |
114.000 |
399.000 |
|
Accounts payable |
4.330.000 |
4.075.000 |
3.637.000 |
3.639.000 |
4.656.000 |
|
Other short term
liabilities |
11.454.000 |
10.170.000 |
13.633.000 |
7.994.000 |
16.594.000 |
|
Short term liabilities |
15.784.000 |
14.245.000 |
17.270.000 |
11.633.000 |
21.250.000 |
|
Total short and long term liabilities |
16.049.000 |
14.509.000 |
17.549.000 |
11.747.000 |
21.250.000 |
|
Total liabilities |
48.200.000 |
42.167.000 |
40.934.000 |
34.177.000 |
45.509.000 |
Summary The
total assets of the company increased with 14.31 % between 2011 and 2012.
Despite the assets growth, the non current
assets decreased with -5.45 %.
The asset growth has mainly been financed by
a Net Worth increase of 16.24 %. Debt, however, grew with 10.61 %.
In 2012 the assets of the company were 15.5
% composed of fixed assets and 84.5 % by current assets. The assets are being
financed by an equity of 66.7 %, and total debt of 33.3 %.
The total assets of the company increased
with 3.01 % between 2010 and 2011.
Despite the assets growth, the non current
assets decreased with -7.66 %.
The assets growth has been financed by a Net
Worth increase of 18.27 %. The company's net increase has also covered a
reduction of -17.32 % of the company's indebtedness.
In 2011 the assets of the company were 18.74
% composed of fixed assets and 81.26 % by current assets. The assets are being
financed by an equity of 65.59 %, and total debt of 34.41 %.
Profit
and loss
|
Year |
2012 |
2011 |
2010 |
2009 |
2008 |
|
Revenues |
82.859.000 |
89.556.000 |
75.116.000 |
72.235.000 |
97.581.000 |
|
Other operating income |
|
|
191.000 |
|
|
|
Net turnover |
82.859.000 |
89.556.000 |
74.925.000 |
72.235.000 |
97.581.000 |
|
Gross margin |
18.336.000 |
17.031.000 |
12.525.000 |
10.766.000 |
|
|
Wages and salaries |
10.822.000 |
|
11.088.000 |
|
12.919.000 |
|
Amorization and depreciation |
908.000 |
985.000 |
|
1.042.000 |
|
|
Sales |
64.523.000 |
72.525.000 |
62.400.000 |
61.469.000 |
|
|
other operating costs |
256.000 |
10.053.000 |
83.000 |
11.166.000 |
655.000 |
|
Raw materials and
consumables |
|
|
|
|
77.294.000 |
|
Operating expenses |
76.509.000 |
83.563.000 |
73.571.000 |
73.677.000 |
90.868.000 |
|
Operating result |
6.350.000 |
5.993.000 |
1.545.000 |
-1.442.000 |
6.713.000 |
|
Financial income |
57.000 |
9.000 |
|
69.000 |
170.000 |
|
Financial expenses |
99.000 |
193.000 |
155.000 |
263.000 |
557.000 |
|
Financial result |
-42.000 |
-184.000 |
-155.000 |
-194.000 |
-387.000 |
|
Result on ordinary operations before taxes |
6.308.000 |
5.809.000 |
1.390.000 |
-1.636.000 |
6.326.000 |
|
Taxation on the result of ordinary
activities |
1.666.000 |
1.536.000 |
419.000 |
-206.000 |
1.384.000 |
|
Result of ordinary activities after taxes |
4.642.000 |
4.273.000 |
971.000 |
-1.430.000 |
4.942.000 |
|
Net result |
4.642.000 |
4.273.000 |
971.000 |
-1.430.000 |
4.942.000 |
Summary The
turnover of the company decreased by -7.48 % between 2011 and 2012.
The gross profit of the company grew with
7.66 % between 2011 and 2012.
The operating result of the company grew
with 5.96 % between 2011 and 2012. This evolution implies an increase of the
company's economic profitability.
The result of these changes is a reduction
of the company's Economic Profitability of -5.01 % of the analysed period,
being equal to 2011 % in the year 2012.
This fall has contributed to a asset
turnover decrease, whose index evolved from -18.87 to a level of 1.72.
The Net Result of the company decreased by
8.64 % between 2011 and 2012.
The company's Financial Profitability has
been negatively affected by the financial activities in comparison to the EBITs
behaviour. The result of these variations is a profitability reduction of -6.57
% of the analysed period, being 19.62 % in the year 2012.
The company's financial profitability has
been positively affected by its financial structure.
The turnover of the company grew with 19.53
% between 2010 and 2011.
The gross profit of the company grew with
35.98 % between 2010 and 2011.
The operating result of the company grew
with 287.9 % between 2010 and 2011. 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 305.29 % of the analysed period,
being equal to 2010 % in the year 2011.
This growth has contributed to the increase
in assets turnover, increasing by 15.85 %
reaching 2.12.
The Net Result of the company decreased by
340.06 % between 2010 and 2011.
The company's Financial Profitability has
been negatively affected by the financial activities in comparison to the EBITs
behaviour. The result of these variations is a profitability reduction of
253.54 % of the analysed period, being 21 % in the year 2011.
The company's financial structure has slowed
down its financial profitability.
Analysis
Branch (SBI) Manufacture
of fabricated metal products, except machinery and equipment (25)
Region Nijmegen-Rivierenland
In the Netherlands 12215 of the companies are
registered with the SBI code 25
In the region Nijmegen-Rivierenland 543 of
the companies are registered with the SBI code 25
In the Netherlands 347 of the bankrupcties
are published within this sector
In the region Nijmegen-Rivierenland 15 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 Nijmegen-Rivierenland is normal
Publications
Filings 11-10-2013:
De jaarrekening over 2012 is gepubliceerd.
12-02-2013: De jaarrekening over 2011 is
gepubliceerd.
02-02-2012: De jaarrekening over 2010 is
gepubliceerd.
23-12-2010: De jaarrekening over 2009 is
gepubliceerd.
14-10-2009: De jaarrekening over 2008 is
gepubliceerd.
Functions 28-05-2014: Per 01-05-2014
is gevolmachtigde Patrick Frans Maria Hendrickx in functie getreden.
19-05-2014: Per 30-04-2014 is gevolmachtigde
Michael Alexander Chalmers uit functie getreden.
01-07-2013: Per 01-06-2012 is gevolmachtigde
Michiel Huisman in functie getreden.
31-05-2013: Per 01-03-2013 is gevolmachtigde
Willem Westbroek in functie getreden.
08-03-2013: Per 31-05-2012 is gevolmachtigde
Maria Elizabeth Lamberta van Stratum uit
functie getreden.
08-03-2013: Per 30-06-2012 is gevolmachtigde
Denny Thomassen uit functie getreden.
08-03-2013: Per 31-03-2012 is gevolmachtigde
Martijn Bernardus Alfonsius Nijhof uit functie
getreden.
08-03-2013: Per 30-06-2012 is gevolmachtigde
Paulus Johannes Wilhelmus Maria Nagels uit functie getreden.
02-02-2012: Per 01-01-2011 is gevolmachtigde
Michael Alexander Chalmers in functie
getreden.
15-11-2011: Per 01-09-2011 is commissaris
Luis Antonio Oliveira e Cunha de Vasconcelos Dias in functie getreden.
11-11-2011: Per 01-03-2011 is gevolmachtigde
Dominick Patriarca uit functie getreden.
07-11-2011: Per 01-09-2011 is commissaris
Daniel Earl Mc Millin uit functie getreden.
25-07-2011: Per 01-02-2011 is gevolmachtigde
Petrus Johannes Titus Maria de Bie in functie getreden.
25-07-2011: Per 01-06-2011 is gevolmachtigde
Denny Thomassen in functie getreden.
13-07-2011: Per 01-06-2011 is gevolmachtigde
Maria Elizabeth Lamberta van Stratum in
functie getreden.
23-06-2011: Per 01-06-2011 is gevolmachtigde
Martijn Bernardus Alfonsius Nijhof in functie getreden.
22-06-2011: Per 28-02-2011 is gevolmachtigde
Alberta Catharina de Weijer-van Ingen uit
functie getreden.
22-06-2011: Per 31-05-2011 is gevolmachtigde
Willem Frederik Grifhorst uit functie getreden.
02-02-2011: Per 01-07-2010 is commissaris
Thomas Anthony Flohn in functie getreden.
27-12-2010: Per 30-06-2010 is commissaris
David Michael Leblanc uit functie getreden.
27-12-2010: Per 30-06-2010 is commissaris
Hendrik Frans Perrée uit functie getreden.
Company
structure
Relations 4
Lincoln Electric
International
• Lincoln Electric Dutch Holdings B.V.
Nieuwe Dukenburgseweg 20
6534AD NIJMEGEN
Netherlands
Registration number: 110237950000
• Lincoln Electric Europe B.V.
Nieuwe Dukenburgseweg 20
6534AD NIJMEGEN
Netherlands
Registration number: 100284330000
• Lincoln Smitweld B.V.
Nieuwe Dukenburgseweg 20
6534AD Nijmegen
Netherlands
Registration number: 100192850000
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.14 |
|
|
1 |
Rs.102.83 |
|
Euro |
1 |
Rs.82.28 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
NNA |
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.