MIRA INFORM REPORT
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Report Date : |
19.06.2014 |
IDENTIFICATION DETAILS
|
Name : |
USED CRANES AND
MATERIALS HOLLAND B.V. |
|
|
|
|
Registered Office : |
Rijksstraatweg 59, 2171AK Sassenheim |
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Country : |
Netherlands |
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|
|
|
Financials (as on) : |
31.12.2012 |
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Date of Incorporation : |
12.12.2006 |
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Com. Reg. No.: |
28113311 |
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Legal Form : |
Private Company |
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|
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Line of Business : |
· Engaged in selling and buying of cranes, Krupp, Liebherr, Mercedes, parts & equipment worldwide. · Engaged in wholesaling Construction Machinery (Building Equipment) · Engaged in Renting and leasing of Construction Machinery Subject product ranges includes :- Cranes · Truck Mounted Cranes · Mobile Tower Cranes · All Terrain Parts ·
Used parts
for Mobile Cranes ·
Axles ·
Boom Sections ·
Cabins ·
Carrier ·
Scilinders ·
Counter weight ·
Cranes For Dismantle ·
Dropbox ·
Engines ·
Gearboxes ·
Hookblocks ·
Hydrolic Systems ·
Jib ·
Rims ·
Superstructures ·
Suspension Springs ·
Tires ·
Turntables ·
Winches |
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|
|
|
No of Employees : |
12 (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 |
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|
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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 |
|
Moderate Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderate High Risk |
C1 |
|
High Risk |
C2 |
|
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 |
Company
summary
Company name Used Cranes and Materials Holland B.V.
Operative address Rijksstraatweg
59
2171AK Sassenheim
Netherlands
Postal Address P.O. box 99
2170 AB
Sassenheim
Netherlands
Status Active
Legal form Besloten
Vennootschap (Private Company)
Registration number KvK-nummer:
28113311
VAT-number 817356630
|
Year |
2012 |
Mutation |
2011 |
Mutation |
2010 |
|
Fixed assets |
494.384 |
225,31 |
151.973 |
-76,79 |
654.696 |
|
Total receivables |
1.656.063 |
30,20 |
1.271.937 |
140,12 |
529.717 |
|
Total equity |
200.000 |
-- |
200.000 |
--- |
200.000 |
|
Short term liabilities |
9.575.891 |
88,06 |
5.091.865 |
-7,21 |
5.487.733 |
|
Working capital |
1.555.444 |
-24,82 |
2.068.993 |
66,14 |
1.245.304 |
|
Quick ratio |
0,50 |
61,29 |
0,31 |
210,00 |
0,10 |
Contact
information
Company name Used
Cranes and Materials Holland B.V.
Trade names Used
Cranes and Materials Holland B.V.
U.C.M.
Holland
Operative address Rijksstraatweg
59
2171AK
Sassenheim
Netherlands
Postal Address P.O. box 99
2170 AB
Sassenheim
Netherlands
Correspondence address Rijksstraatweg
59
2171AK Sassenheim
Netherlands
Telephone number 0252235468
Fax number 0252231874
Email address info@verschoor-cranes.com
Website www.verschoor-cranes.com
Registration
Registration number KvK-nummer:
28113311
Branch number 000019296886
VAT-number 817356630
Status Active
First registration
company register 12-12-2006
Memorandum 12-12-2006
Establishment date 12-12-2006
Legal form Besloten
Vennootschap (Private Company)
Last proposed admendment 12-01-2007
Activities
· Engaged in selling and buying of cranes, Krupp, Liebherr, Mercedes, parts & equipment worldwide.
· Engaged in wholesaling Construction Machinery (Building Equipment)
· Engaged in Renting and leasing of Construction Machinery
Subject product ranges includes :-
Cranes
· Truck Mounted Cranes
· Mobile Tower Cranes
· All Terrain
Parts
·
Used parts
for Mobile Cranes
·
Axles
·
Boom Sections
·
Cabins
·
Carrier
·
Scilinders
·
Counter weight
·
Cranes For Dismantle
·
Dropbox
·
Engines
·
Gearboxes
·
Hookblocks
·
Hydrolic Systems
·
Jib
·
Rims
·
Superstructures
·
Suspension Springs
·
Tires
·
Turntables
·
Winches
Exporter Ja
Importer Ja
Goal De
in- en verkoop van, alsmede de handel in (gebruikte) mobiele hijskranen en/of
onderdelen daarvan; de verhuur
van mobiele hijskranen.
(The purchase and sale of, and trade in (used) mobile
cranes and / or
parts thereof; the rental of mobile cranes.)
Relations
Shareholders
Verschoor Holding B.V.
Rijksstraatweg 59
2171AK SASSENHEIM
Netherlands
Registratie nummer: 280562090000
Percentage: 100.00%
Companies on same address
Iconics Europe B.V.
Registratie nummer: 290411720000
M. Verschoor B.V.
Registratie nummer: 280312390000
M. Verschoor Jr Hijskranen
Registratie nummer: 280633590000
Verschoor Holding B.V.
Registratie nummer: 280562090000
W.W.H. C. Holding B.V.
Registratie nummer: 272516180000
Dr. Salsa Hillegom B.V.
Registratie nummer: 273259040000
Dr. Salsa Leiden B.V.
Registratie nummer: 273290890000
Management
Active management
Verschoor Holding B.V.
Rijksstraatweg 59
2171AK SASSENHEIM
Netherlands
Registratie nummer: 280562090000
Bevoegdheid: Fully authorized
Functie: Manager
Datum gestart: 12-12-2006
employees
Total according to the Chamber of Commerce 12
Year 2014
2012 2011 2010 2009
Total 12
12 12 10 12
Payments
Description Payments
made under regular condition
Key figures
|
Year |
2012 |
2011 |
2010 |
2009 |
2008 |
||||
|
Quick
ratio |
0,50 |
0,31 |
0,10 |
0,14 |
0,25 |
||||
|
Current
ratio |
1,16 |
1,41 |
1,23 |
1,20 |
1,24 |
||||
|
Working
capital/ balance total |
0,13 |
0,28 |
0,17 |
0,14 |
0,18 |
||||
|
Equity
/ balance total |
0,02 |
0,03 |
0,03 |
0,03 |
0,03 |
||||
|
Equity
/ Fixed assets |
0,40 |
1,32 |
0,31 |
0,22 |
0,32 |
||||
|
Equity
/ liabilities |
0,02 |
0,03 |
0,03 |
0,03 |
0,03 |
||||
|
Balance
Total / Liabilities |
1,02 |
1,03 |
1,03 |
1,03 |
1,03 |
||||
|
Working
Capital |
1.555.444 |
2.068.993 |
1.245.304 |
978.273 |
1.270.851 |
||||
|
Equity |
200.000 |
200.000 |
200.000 |
200.000 |
200.000 |
||||
|
Mutation
equity |
|
|
|
|
-73,15 |
||||
|
Mutation
short term liabilities |
88,06 |
-7,21 |
10,22 |
-6,26 |
25,05 |
||||
Summary
The 2012 financial result structure is a positive working
capital of 1.555.444 euro, which is in
agreement with 13 % of the total assets of the company.
The working capital has diminished with -24.82 % 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 1.16. 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 0.5. A company
with a Quick Ratio of less than 1
cannot currently pay back its current liabilities.
The 2011 financial result structure is a positive working
capital of 2.068.993 euro, which is in
agreement with 28 % of the total assets of the company.
The working capital has increased with 66.14 % 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 1.41. When
the current ratio is below 1.5, the
company may have problems meeting its short-term
obligations.
The quick ratio in 2011 of the company was 0.31. A company
with a Quick Ratio of less than
1 cannot currently pay back its current liabilities.
Financial
statement
Type of annual account Corporate
Annual account Used
Cranes and Materials Holland B.V.
Rijksstraatweg 59
2171AK Sassenheim
Netherlands
Registratie nummer: 281133110000
|
Year |
2012 |
2011 |
2010 |
2009 |
2008 |
|
|||||
|
End
date |
31-12-2012 |
31-12-2011 |
31-12-2010 |
31-12-2009 |
31-12-2008 |
|
|||||
|
Tangible
fixed assets |
494.384 |
151.973 |
|
921.727 |
629.149 |
|
|||||
|
Financial
fixed assets |
|
654.696 |
|
|
|||||||
|
Fixed
assets |
494.384 |
151.973 |
654.696 |
921.727 |
629.149 |
|
|||||
|
Total
stock |
6.324.454 |
5.568.895 |
6.184.041 |
5.278.285 |
5.273.796 |
|
|||||
|
Total
receivables |
1.656.063 |
1.271.937 |
529.717 |
670.367 |
1.304.987 |
|
|||||
|
Liquid
funds |
3.150.818 |
320.026 |
19.279 |
8.337 |
2.987 |
|
|||||
|
Current
assets |
11.131.335 |
7.160.858 |
6.733.037 |
5.956.989 |
6.581.770 |
|
|||||
|
Total
assets |
11.625.719 |
7.312.831 |
7.387.733 |
6.878.716 |
7.210.919 |
|
|||||
|
Issued
capital |
18.000 |
18.000 |
18.000 |
18.000 |
18.000 |
|
|||||
|
Other
reserves |
182.000 |
182.000 |
182.000 |
182.000 |
182.000 |
|
|||||
|
Total
reserves |
182.000 |
182.000 |
182.000 |
182.000 |
182.000 |
|
|||||
|
Total
equity |
200.000 |
200.000 |
200.000 |
200.000 |
200.000 |
|
|||||
|
Provisions |
60.666 |
60.666 |
|
|
|
||||||
|
Long
term interest yielding debt |
1.789.162 |
1.960.300 |
1.700.000 |
1.700.000 |
1.700.000 |
||||||
|
Long
term liabilities |
1.789.162 |
1.960.300 |
1.700.000 |
1.700.000 |
1.700.000 |
||||||
|
Short
term liabilities |
9.575.891 |
5.091.865 |
5.487.733 |
4.978.716 |
5.310.919 |
||||||
|
Total
short and long term liabilities |
11.425.719 |
7.112.831 |
7.187.733 |
6.678.716 |
7.010.919 |
||||||
|
Total
liabilities |
11.625.719 |
7.312.831 |
7.387.733 |
6.878.716 |
7.210.919 |
||||||
Summary
The total assets of the company increased with 58.98 %
between 2011 and 2012.
The total asset increase is retrievable in the fixed asset
growth of 225.31 %.
The asset growth is explained by a reduction of 60.64 % of
the company's indebtness, this
while, the Net Worth remains unchanged.
In 2012 the assets of the company were 4.25 % composed of
fixed assets and 95.75 % by
current assets. The assets are being financed by an equity
of 1.72 %, and total debt of 98.28
%.
The total assets of the company decreased with -1.01 %
between 2010 and 2011.
This downturn is mainly retrievable in the fixed asset
decrease of -76.79 %.
Assets reduction is being explained by an indebtedness
decrease -1.04 % while the Net
Worth remains unchanged.
In 2011 the assets of the company were 2.08 % composed of
fixed assets and 97.92 % by
current assets. The assets are being financed by an equity
of 2.73 %, and total debt of 97.27
%
Analysis
Branch (SBI)
Wholesale trade (no motor vehicles and motorcycles) (46)
Region
Rijnland
In the Netherlands 109662 of the companies are registered
with the SBI code 46
In the region Rijnland 4319 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 Rijnland 97 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 Rijnland is
normal
Publications
Filings
01-07-2013: De jaarrekening over 2012 is gepubliceerd.
15-06-2012: De jaarrekening over 2011 is gepubliceerd.
14-04-2011: De jaarrekening over 2010 is gepubliceerd.
16-09-2010: De jaarrekening over 2009 is gepubliceerd.
03-08-2009: De jaarrekening over 2008 is gepubliceerd.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.12 |
|
UK Pound |
1 |
Rs.102.00 |
|
Euro |
1 |
Rs.81.43 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
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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 |
-- |
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.