MIRA INFORM REPORT

 

 

Report No. :

312843

Report Date :

01.04.2015

 

IDENTIFICATION DETAILS

 

Name :

KPIT TECHNOLOGIES NETHERLANDS B.V.

 

 

Registered Office :

Oranje Nassaulaan 551e etage, 1075AK Amsterdam

 

 

Country :

Netherlands

 

 

Financials (as on) :

31.03.2013

 

 

Date of Incorporation :

16.03.2012

 

 

Com. Reg. No.:

54907144

 

 

Legal Form :

Besloten Vennootschap

 

 

Line of Business :

  • Wholesale of computers, peripheral equipment and software (4651)
  • Computer consultancy activities (6202)

 

 

No of Employees :

12

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Moderate

 

 

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 – December 31, 2014

 

Country Name

Previous Rating

(30.09.2014)

Current Rating

(31.12.2014)

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

 

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                                    KPIT Technologies Netherlands B.V.

Operative address                                Oranje Nassaulaan 551e etage

1075AK Amsterdam

Netherlands

 

Legal form                                           Besloten Vennootschap

Registration number                            KvK-nummer: 54907144

VAT-number                                         851486800

 

 

Year                                         2013                             Mutation                       Mutation

Total receivables                       556.213

Total equity                               24.664

Short term liabilities                   983.191

Working capital                                     24.664

Quick ratio                                1,03

 

 

Contact information

 

Company name                                    KPIT Technologies Netherlands B.V.

Trade names                                        KPIT Technologies Netherlands B.V.

 

Operative address                                Oranje Nassaulaan 551e etage

1075AK Amsterdam

Netherlands

Correspondence address                     Oranje Nassaulaan 551e etage

1075AK Amsterdam

Netherlands

Telephone number                               0206702005

 

 

Registration

 

Registration number                            KvK-nummer: 54907144

Branch number                                    000024622338

VAT-number                                         851486800

 

Status                                                  Active

First registration company register      2012-03-19

Memorandum                                       2012-03-16

Establishment date                              2012-03-16

 

Legal form                                           Besloten Vennootschap

Last proposed admendment                 2014-08-26

 

Issued placed capital                           EUR 500.000

Paid up share capital                           EUR 500.000

 

 

Activities

 

SBI                                                       Wholesale of computers, peripheral equipment and software (4651)

Computer consultancy activities (6202)

 

Exporter                                               No

Importer                                               No

 

Goal                                                     Het verkopen en commercialiseren van computer programma's, software en toepassingen daarvan, het verlenen van consultancy diensten op het gebied van technisch ontwerpen, ontwerpen en ontwikkelen van software, testen, adviseren, architectuur diensten en advisering inzake types en configuraties, alsmede het ontwikkelen van projecten ten aanzien van de installatie alles gerelateerd aan de gevommercialiseerde producten.

 

 

Relations

 

Shareholders                                       Naam: KPIT Technologies Limited

Bezoekadres: 35 & 36 Rajiv Ghandi Infotech Park, Phase-I, MIDC Hinjewadi, Pune 411057,

India

Ingeschreven in: Registrar of Companies Maharashtra, Pune, India onder nummer

11-059594

Enig aandeelhouder sedert: 16-03-2012 (datum registratie: 19-03-2012)

 

 

Management

 

Active management                              E7 Trust B.V.

Oranje Nassaulaan 551e etage

1075AK AMSTERDAM

Netherlands

Registration number: 302091560000

Competence: Jointly authorized

Function: Manager

Starting date: 2012-03-16

 

M.P. O'Connor (Myles Patrick)

Netherlands

Competence: Fully authorized

Function: Manager

Starting date: 2012-03-16

Date of birth: 1955-03-24, Sowerby Bridge, GB

 

A.K. Patwardhan (Anil Kashinath)

Netherlands

Competence: Fully authorized

Function: Manager

Starting date: 2012-03-16

Date of birth: 1958-06-12, Sakharwadi, NL

 

K.P. Patil (Kishor Parshuram)

Netherlands

Competence: Fully authorized

Function: Manager

Starting date: 2012-03-16

Date of birth: 1962-01-17, Wai, IN

 

S.D. Tikekar (Sachin Dattatraya)

Netherlands

Competence: Fully authorized

Function: Manager

Starting date: 2012-03-16

Date of birth: 1968-04-03, Pune, IN

 

P.M. Sathe (Pankaj Maheshwar)

Netherlands

Competence: Fully authorized

Function: Manager

Starting date: 2014-09-15

Date of birth: 1967-02-19, Calcutta, IN

 

 

Employees

 

Total according to the Chamber of Commerce

0

 

 

 

 

Year

2015

2013

Total

0

12

 

 

Payments

 

Score                                                   5,5

 

Description                                          Representative payment experiences are not known.

 

 

Key figures

 

Year

2013

Quick ratio

1,03

Current ratio

1,03

Working capital/ balance total

0,02

Equity / balance total

0,02

Equity / liabilities

0,03

Balance total / liabilities

1,03

Working capital

24.664

Equity

24.664

 

 

Summary

The 2013 financial result structure is a postive working captial of 24.664 euro, which is in agreement with 2 % of the total assets of the company.

The current ratio of the company in 2013 was 1.03. 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 1.03. A company with a Quick Ratio of more than 1 can 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                                                KPIT Technologies Netherlands B.V.

Oranje Nassaulaan 551e etage

1075AK Amsterdam

Netherlands

Registration number: 549071440000

 

Balance

 

Year

2013

End date

2013-03-31

Total receivables

556.213

Liquid funds

451.642

Current assets

1.007.855

Total assets

1.007.855

Issued capital

18.000

Other reserves

6.664

Total reserves

6.664

Total equity

24.664

Short term liabilities

983.191

Total short and long term liabilities

983.191

Total liabilities

1.007.855

 

 

Analysis

 

Branch (SBI)                             Wholesale trade (no motor vehicles and motorcycles) (46)

 

Region                                     Groot Amsterdam

 

In the Netherlands 109662 of the companies are registered with the SBI code 46

In the region Groot Amsterdam 10512 of the companies are registered with the SBI code 46

In the Netherlands 2387 of the bankrupcties are published within this sector

In the region Groot Amsterdam 209 of the bankruptcies are published within this sector

The risk of this specific sector in the Netherlands is normal

The risk of this specific sector in the region Groot Amsterdam is normal

 

 

Publications

 

Filings                                                 28-05-2014: De jaarrekening over 2013 is gepubliceerd.

Functions                                 10-10-2014: Per 15-09-2014 is bestuurder Pankaj Maheshwar Sathe in functie getreden.

20-03-2012: Per 16-03-2012 is bestuurder Sachin Dattatraya Tikekar in functie getreden.

20-03-2012: Per 16-03-2012 is bestuurder Kishor Parshuram Patil in functie getreden.

20-03-2012: Per 16-03-2012 is bestuurder Anil Kashinath Patwardhan in functie getreden.

20-03-2012: Per 16-03-2012 is bestuurder 30209156 E7 Trust B.V. in functie getreden.

20-03-2012: Per 16-03-2012 is bestuurder Myles Patrick O'Connor in functie getreden.

 

Amendments                            28-08-2014: Per 26-8-2014 statuten gewijzigd. Per 26-8-2014 naam gewijzigd in: KPIT Technologies Netherlands B.V..

10-04-2013: Geplaatst kapitaal gewijzigd in EUR 500.000,00 Gestort kapitaal gewijzigd in

EUR 500.000,00.

10-04-2013: Per 8-4-2013 statuten gewijzigd.

 

 

Company structure

 

Relations                                                                      34

 

Stichting Administratiekantoor Ambos Mundos

Frans Halslaan 101

3723ED BILTHOVEN

Netherlands

Registration number: 559653180000

 

THF Enterprise B.V.

Oranje Nassaulaan 551e etage

1075AK AMSTERDAM

Netherlands

Registration number: 563340790000

 

E7 Trust B.V.

Oranje Nassaulaan 551e etage

1075AK AMSTERDAM

Netherlands

Registration number: 302091560000

 

KPIT Technologies Netherlands B.V.

Oranje Nassaulaan 551e etage

1075AK Amsterdam

Netherlands

Registration number: 549071440000


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs. 62.59

UK Pound

1

Rs. 92.45

Euro

1

Rs. 67.51

 

INFORMATION DETAILS

 

Analysis Done by :

SUB

 

 

Report Prepared by :

DPT

 

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%)

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This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.