MIRA
INFORM REPORT
|
Report No. : |
335647 |
|
Report Date : |
05.08.2015 |
IDENTIFICATION DETAILS
|
Name : |
WIND-FIX |
|
|
|
|
Registered Office : |
Bokkerijder 24 5571mx Bergeijk |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
01.06.1982 |
|
|
|
|
Com. Reg. No.: |
KvK-nummer: 17079017 |
|
|
|
|
Legal Form : |
Private company with regular structure |
|
|
|
|
Line of Business : |
Manufacture of other metal products n.e.c. |
|
|
|
|
No. of Employee : |
1 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow |
|
|
|
|
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, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
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
The Netherlands, the sixth-largest economy in the European Union, plays an important role as a European transportation hub, with a persistently high trade surplus, stable industrial relations, and moderate unemployment. Industry focuses on 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 food-processing and underpins the country’s status as the world’s second largest agricultural exporter. The Netherlands is part of the Eurozone, and as such, its monetary policy is controlled by the European Central Bank. The Dutch financial sector is highly concentrated, with four commercial banks possessing over 90% of banking assets. The sector suffered as a result of the global financial crisis and required billions of dollars of government support, but the European Banking Authority completed stringent reviews in 2014 and deemed Dutch banks to be well-capitalized. To address the 2009 and 2010 economic downturns, the government sought to stimulate the domestic economy by accelerating infrastructure programs, offering corporate tax breaks for employers to retain workers, and expanding export credits. 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 has since implemented significant austerity measures to improve public finances and has instituted broad structural reforms in key policy areas, including the labor market, the housing sector, the energy market, and the pension system. As a result, the government budget deficit at the end of 2014 dropped to 1.8% of GDP. Following a protracted recession during which unemployment doubled to 7.4% and household consumption contracted for nearly three consecutive years, the year 2014 saw fragile GDP growth of 0.8 percent and a rise in most economic indicators. Drivers of growth included increased exports and business investments, as well as newly invigorated household consumption.
|
Source
: CIA |
Summary
Company
name Wind-Fix Europe
B.V.
Operative
address Bokkerijder 24
5571MX BERGEIJK
Netherlands
Legal
form Private company
with regular structure
Registration
number KvK-nummer: 17079017
VAT-number
801736183
|
Year |
2013 |
Mutation |
2012 |
Mutation |
2011 |
|
Fixed
assets |
|
|
|
-100,00 |
1.109 |
|
Total
receivables |
454.992 |
-48,33 |
880.495 |
-44,79 |
1.594.952 |
|
Total
equity |
-808.666 |
8,32 |
-882.091 |
-18,60 |
-743.749 |
|
Short term
liabilities |
1.274.072 |
-29,55 |
1.808.600 |
-24,64 |
2.400.002 |
|
Working
capital |
-808.666 |
8,32 |
-882.090 |
-18,42 |
-744.858 |
|
Quick
ratio |
0,36 |
-29,41 |
0,51 |
-22,73 |
0,66 |
Contact information
Company
name Wind-Fix Europe B.V.
Trade
names Wind-Fix Europe
Operative
address Bokkerijder 24
5571MX BERGEIJK
Netherlands
Correspondence
address Postbus 93
5570AB BERGEIJK
Netherlands
Telephone
number 0497-552929
Fax
number 0497 552929
Email
address info@multifix.n
Website
www.multifix.nl
Registration
Registration
number KvK-nummer: 17079017
Registered
in Kamer van Koophandel
Brabant
Branch
number 000020557043
VAT-number 801736183
Status
Active
First
registration company
register
1993-03-29
Memorandum
1993-03-29
Establishment
date 1982-06-01
Legal
form Private company
with regular structure
Legal
person since 1993-03-29
Last
proposed admendment 2007-11-13
Issued
placed capital EUR 18.945
Paid
up share capital EUR 18.945
Activities
SBI
Manufacture of other metal
products n.e.c. (2599)
Exporter
Yes
Importer
Yes
Goal
In- en verkopen, het im- en
exporteren en het (laten) produceren van producten gemaakt van
Metal
Relations
Shareholders
Multi-Fix Group B.V.
Bokkerijder 24
5571MX BERGEIJK
Netherlands
Registration number: 171791360000
Percentage: 100%
Companies
on same
address
Amount: 14
Management
Active
management Multi-Fix Group B.V.
Bokkerijder 24
5571MX BERGEIJK
Netherlands
Registration number: 171791360000
Competence: Fully authorized
Function: Manager
Starting date: 2005-06-23
Employees
|
Year |
2015 |
2012 |
2011 |
2010 |
2009 |
|
Total |
1 |
1 |
1 |
3 |
1 |
Key figures
|
Year |
2013 |
2012 |
2011 |
2010 |
|
Quick ratio |
0,36 |
0,51 |
0,66 |
0,61 |
|
Current ratio |
0,37 |
0,51 |
0,69 |
0,65 |
|
Working capital/ balance total |
-1,74 |
-0,95 |
-0,45 |
-0,55 |
|
Equity / balance total |
-1,74 |
-0,95 |
-0,45 |
-0,55 |
|
Equity / Fixed assets |
|
|
-670,65 |
|
|
Equity / liabilities |
-0,63 |
-0,49 |
-0,31 |
-0,35 |
|
Balance total / liabilities |
0,37 |
0,51 |
0,69 |
0,65 |
|
Year |
2013 |
2012 |
2011 |
2010 |
|
Working
capital |
-808.666 |
-882.090 |
-744.858 |
-529.275 |
|
Equity |
-808.666 |
-882.091 |
-743.749 |
-529.275 |
|
Mutation
equity |
8,32 |
-18,60 |
-40,52 |
|
|
Mutation
short term liabilities |
-29,55 |
-24,64 |
60,17 |
|
Summary The 2013 financial result structure is a
negative working captial of -808.666 euro, which is in agreement with -174 % of
the total assets of the company.
The working capital has
increase with 8.32 % compared to previous year. The ratio with
respect to the total assets
of the company has however, declined.
The improvement between 2012 and 2013 has
mainly been caused by a current liabilities
reduction.
The current ratio of the company in 2013 was
0.37. 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
0.36. 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 captial of -882.090 euro, which is in
agreement with -95 % of the total assets of
the company.
The working capital has diminished with
-18.42 % 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 0.51.
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
0.51. 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 There is no financial data
published
Type
of annual account Corporate
Annual
account Wind-Fix
Europe B.V.
Bokkerijder 24
5571MX BERGEIJK
Netherlands
Registration number: 170790170000
Balance sheet
|
Year |
2013 |
2012 |
2011 |
2010 |
|
End date |
2013-12-31 |
2012-12-31 |
2011-12-31 |
2010-12-31 |
|
Tangible fixed assets |
|
|
1.109 |
|
|
Fixed assets |
|
|
1.109 |
|
|
Total stock |
5.578 |
5.883 |
60.192 |
49.864 |
|
Total receivables |
454.992 |
880.495 |
1.594.952 |
919.297 |
|
Liquid funds |
4.836 |
40.132 |
|
|
|
Current assets |
465.406 |
926.510 |
1.655.144 |
969.161 |
|
Total assets |
465.406 |
926.510 |
1.656.253 |
969.161 |
|
Issued capital |
18.945 |
18.945 |
18.945 |
18.945 |
|
Other reserves |
-827.611 |
-901.035 |
-762.694 |
-548.221 |
|
Total reserves |
-827.611 |
-901.035 |
-762.694 |
-548.221 |
|
Total equity |
-808.666 |
-882.091 |
-743.749 |
-529.275 |
|
Short term liabilities |
1.274.072 |
1.808.600 |
2.400.002 |
1.498.436 |
|
Total short and long term liabilities |
1.274.072 |
1.808.600 |
2.400.002 |
1.498.436 |
|
Total liabilities |
465.406 |
926.510 |
1.656.253 |
969.161 |
Summary The total assets of the company decreased with -49.77 % between 2012 and 2013.
The asset reduction is in contrast with the equity growth of 8.32 %. Due to this the total debt
decreased with -29.55 %.
The total assets of the company decreased with -44.06 % between 2011 and 2012.
Assets reduction is explained by a Net Worth decrease of -18.6 %, and an indebtedness
reduction of -24.64 %.
Analysis
Branch
(SBI) Manufacture of fabricated
metal products, except machinery and equipment (25)
Region
Zuid-Oost-Brabant
In the Netherlands 12215 of the companies are
registered with the SBI code 25
In the region Zuid-Oost-Brabant 898 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 Zuid-Oost-Brabant 18 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 Zuid-Oost-Brabant is
normal
Publications
Filings
21-07-2014: De jaarrekening
over 2013 is gepubliceerd.
15-10-2013: De jaarrekening over 2012 is
gepubliceerd.
15-02-2013: De jaarrekening over 2011 is
gepubliceerd.
27-02-2012: De jaarrekening over 2010 is gepubliceerd.
Company structure
Relations
5
Multi-Fix
Group B.V.
Bokkerijder
24
5571MX
BERGEIJK
Netherlands
Registration
number: 171791360000
•
Wind-Fix Europe B.V.
Bokkerijder
24
5571MX
BERGEIJK
Netherlands
Registration
number: 170790170000
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.93 |
|
|
1 |
Rs.99.82 |
|
Euro |
1 |
Rs.70.05 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
ANK |
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.