MIRA INFORM REPORT
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Report Date : |
13.10.2014 |
IDENTIFICATION DETAILS
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Name : |
PHYSIO-CONTROL OPERATIONS NETHERLANDS B.V. |
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Registered Office : |
Keizersgracht 127, 1015 CJ
Amsterdam |
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Country : |
Netherlands |
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Financials (as on) : |
30.04.2013 |
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Date of Incorporation : |
22.12.2011 |
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Com. Reg. No.: |
54166128 |
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Legal Form : |
Private Company |
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Line of Business : |
Selling medical devices and related disposable accessories used in conjunction with medical devices, and providing services in this regard. |
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No of Employees : |
6 [2014] 48 [2013] |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – June 1, 2014
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Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
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Netherlands |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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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.
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Source
: CIA |
Summary
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Company name |
Physio-Control Operations
Netherlands B.V. |
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Operative address |
Keizersgracht 127 |
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1015CJ Amsterdam |
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Netherlands |
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Legal form |
Private Company |
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Registration number |
KvK-nummer: 54166128 |
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VAT-number |
851204004 |
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Year |
2013 |
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Fixed assets |
61.494.748 |
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Total receivables |
752.484 |
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Total equity |
58.308.281 |
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Short term liabilities |
5.260.854 |
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Working capital |
-2.967.578 |
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Quick ratio |
0,44 |
Company name Physio-Control
Operations Netherlands B.V.
Trade names Physio-Control
Operations Netherlands B.V.
Operative address Keizersgracht 127
1015CJ Amsterdam
Netherlands
Correspondence address Keizersgracht 127
1015CJ Amsterdam
Netherlands
Telephone number 0208204601
Fax number 0204228761
Registration
Registration number KvK-nummer:
54166128
Branch number
000023969687
VAT-number 851204004
Status Active
First registration company register 2011-12-23
Memorandum 2011-12-22
Establishment date 2011-12-22
Legal form Private Company
Last proposed admendment 2013-02-07
Activities
SBI
Wholesale of medical
and dental instruments (46462)
Financial holding
(6420)
Exporter No
Importer No
Goal Selling medical devices and related disposable accessories used in conjunction with medical devices, and providing services in this regard.
Relations
Shareholders Physio-Control Holdings Coöperatief U.A.
Prins Bernhardplein 200
1097JB Amsterdam
Netherlands
Registration number: 541282340000
Percentage: 100%
Branches
Physio-Control Operations Netherlands B.V.
Galjoenweg 68
6222NV MAASTRICHT
Netherlands
Registration number: 541661280001
Companies on same address Amount: 41
Management
B.D. Webster
(Brian Daniel)
Netherlands
Competence: Fully authorized
Function: Manager
Starting date: 2011-12-22
Date of birth: 1963-11-29, Seattle, NL
Involved with the following companies
• Physio-Control
Holdings Coöperatief U.A.
Prins Bernhardplein 200
1097JB Amsterdam
Netherlands
Registration number: 541282340000
Function: Manager
T.S. Umberger (Traci Shuster)
Netherlands
Competence: Fully authorized
Function: Manager
Starting date: 2012-07-06
Date of birth: 1962-12-19, Canada, US
D.T. Stafford (David Timothy)
Netherlands
Competence: Fully authorized
Function: Manager
Starting date: 2012-07-06
Date of birth: 1971-06-19, Illinois, US
ACTIVE MANAGEMENT
A.J. Quirijns (Abraham Johannes)
Netherlands
Competence: Limited authorization
Function: Proxy
Starting date: 2012-07-16
Date of birth: 1963-04-13, Dinther, NL
EMPLOYEE
Year
2014 2013
Total 6 48
Payments
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Description |
Payments made under
regular condition |
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Key figures |
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Year |
2013 |
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Quick ratio |
0,44 |
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Current ratio |
0,44 |
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Working capital/ balance
total |
-0,05 |
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Equity / balance total |
0,91 |
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Equity / Fixed assets |
0,95 |
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Equity / liabilities |
10,64 |
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Balance total /
liabilities |
11,64 |
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Working capital |
-2.967.578 |
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Equity |
58.308.281 |
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Summary |
The 2013 financial result structure
is a negative working captial of -2.967.578 euro, which is in agreement with
-5 % of the total assets of the company. The current ratio of the
company in 2013 was 0.44. 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 0.44. 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 Corporate
Annual account Physio-Control
Operations Netherlands B.V.
Keizersgracht 127
1015CJ Amsterdam
Netherlands
Registration number: 541661280000
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Year |
2013 |
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End
date |
2013-04-30 |
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Intangible fixed assets |
1.469.487 |
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Tangible fixed assets |
684.872 |
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Financial fixed assets |
59.340.389 |
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Fixed assets |
61.494.748 |
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Total receivables |
752.484 |
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Liquid funds |
1.540.792 |
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Current assets |
2.293.276 |
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Total assets |
63.788.024 |
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Issued capital |
18.001 |
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Share premium reserve |
57.783.280 |
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Other reserves |
507.000 |
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Total reserves |
58.290.280 |
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Total equity |
58.308.281 |
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Provisions |
218.889 |
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Short term liabilities |
5.260.854 |
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Total short and long term liabilities |
5.479.743 |
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Total liabilities |
63.788.024 |
Summary In 2013 the assets of the company were 96.4 % composed of fixed assets and 3.6 % by current assets. The assets are being financed by an equity of 91.41 %, and total debt of 8.59 %.
Analysis
Branch (SBI) Financial institutions, except insurance and
pension funding (64)
Region Groot Amsterdam
In the Netherlands 377806 of the companies are registered with the SBI
code 64
In the region Groot Amsterdam 53947 of the companies are registered with
the SBI code 64
In the Netherlands 3279 of the bankrupcties are published within this
sector
In the region Groot Amsterdam 299 of the bankruptcies are published
within this sector
The risk of this specific sector in the Netherlands is Low
The risk of this specific sector in the region Groot Amsterdam is Low
Publications
Publications
Filings 04-06-2014: De jaarrekening over 2013 (gebroken boekjaar) is gepubliceerd.
Functions 31-08-2012: Per 16-07-2012 is gevolmachtigde Abraham Johannes Quirijns in functie getreden.
11-07-2012: Per 06-07-2012 is bestuurder David Timothy Stafford in functie getreden.
11-07-2012: Per 06-07-2012 is bestuurder Traci Shuster Umberger in functie getreden.
11-07-2012: Per 06-07-2012 is bestuurder 33144202 Intertrust (Netherlands) B.V. uit functie getreden.
04-01-2012: Per 22-12-2011 is bestuurder Brian Daniel Webster in functie getreden.
04-01-2012: Per 22-12-2011 is bestuurder 33144202 Intertrust (Netherlands) B.V. in functie getreden.
Amendments 11-02-2013: Per 7-2-2013 statuten gewijzigd.
29-11-2012: Per 26-11-2012 is de bevoegdheid van Bestuurder David Timothy Stafford
gewijzigd.
29-11-2012: Per 26-11-2012 statuten gewijzigd.
28-09-2012: Per 6-7-2012 is de bevoegdheid van Bestuurder Traci Shuster Umberger
gewijzigd.
28-09-2012: Per 6-7-2012 is de bevoegdheid
van Bestuurder Brian Daniel Webster gewijzigd.
11-07-2012: Per 22-12-2011 is de bevoegdheid
van Bestuurder Brian Daniel Webster
gewijzigd.
29-02-2012: Geplaatst kapitaal gewijzigd in
EUR 18.001,00 Gestort kapitaal gewijzigd in EUR
18.001,00.
04-01-2012: Per 22-12-2011 is de bevoegdheid
van Bestuurder 33144202 Intertrust
(Netherlands) B.V. gewijzigd.
Other 01-03-2012: ...
Datum deponering: 28-02-2012 Soort deponering: Accountantsverklaring - inbreng
op aandelen anders dan in geld na oprichting (art.94b, lid 7 BW2 / art. 204b
lid 4 BW2).
02-02-2012: Datum deponering: 02-02-2012
Soort deponering: Accountantsverklaring -
waarde goederen minimaal waarde
tegenprestatie (nachgrundung) (art. 94c lid 6 BW2 of
204c lid 5 BW2).
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.61.16 |
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1 |
Rs.98.62 |
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Euro |
1 |
Rs.77.67 |
INFORMATION DETAILS
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Analysis Done by
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DIV |
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Report Prepared
by : |
TPT |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall
operation is considered normal. Capable to meet normal commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
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11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.