MIRA INFORM REPORT

 

 

Report No. :

353551

Report Date :

04.12.2015

 

IDENTIFICATION DETAILS

 

Name :

FRESH FOOD TECHNOLOGY – PROJECTS B.V.

 

 

Registered Office :

Biezenwei 6, 4004MB Tiel

 

 

Country :

Netherlands

 

 

Date of Incorporation :

30.01.2014

 

 

Com. Reg. No.:

59872438

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Consultancy, design, implementation and maintenance in the field of turn-key projects for the climate, koelvries- and the food industry.

 

 

No. of Employees :

01

 

 

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 :

Unknown

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                        Fresh Food Technology - Projects B.V.

Operative address                    Biezenwei 6

4004MB Tiel

Netherlands

Legal form                               Private Limited Company

Registration number                KvK-nummer: 59872438

VAT-number                             853675910

 

 

Contact information

 

Company name                                    Fresh Food Technology - Projects B.V.

Trade names                                        Fresh Food Technology - Projects B.V.

Operative address                                Biezenwei 6

4004MB Tiel

Netherlands

Correspondence address                     Biezenwei 6

4004MB Tiel

Netherlands

Telephone number                               0344670588

Fax number                                          0344670589

 

 

Registration

 

Registration number                            KvK-nummer: 59872438

Branch number                                    000029121345

VAT-number                                         853675910

Status                                                  Active

First registration company register      2014-01-31

Memorandum                                       2014-01-30

Establishment date                              2014-01-30

Legal form                                           Private Limited Company

Issued placed capital                           EUR 100

Paid up share capital                           EUR 0

 

 

Activities

 

SBI                                                       7112: Engineers and other technical design and consultancy

Exporter                                               No

Importer                                               No

Goal                                                     Consultancy, design, implementation and maintenance in the field of turn-key projects for the climate, koelvries- and the food industry.

Relations

 

Branches                                              Registration number: 59872438

 

Companies on same address               Van Amerongen Holding B.V.

Registration number:                           11007391

 

Fresh Food Technology B.V.

Registration number: 11056567

 

Top Horse Management B.V.

Registration number: 11054293

 

SerFac B.V.

Registration number: 11004608

 

B-Cat B.V.

Registration number: 11064385

 

vQm Packaging B.V.

Registration number: 50959832

 

Van Amerongen CA Technology B.V.

Registration number: 63711516

 

 

Management

 

Active management                              Fresh Food Technology B.V.

Biezenwei 6

4004MB Tiel

Netherlands

Registration number: 11056567

Competence: Fully authorized

Function: Manager

Starting date: 2014-01-30

 

 

Employees

 

Total according to the Chamber of Commerce             1

 

Year

 

2015

2014

 

1

1

 

 

Payments

 

Description                  Overeenkomstig conditie

 

 

 

Financial statement

 

Remark annual account            There is no financial data published

 

 

Publications

 

Functions                                 03-02-2014: Per 30-01-2014 is bestuurder 11056567 Fresh Food Technology

B.V. in functie getreden.

 

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.66.75

UK Pound

1

Rs.99.61

Euro

1

Rs.70.67

NLG

1

Rs.73.10

 

Note : Above are approximate rates obtained from sources believed to be correct

 

 

INFORMATION DETAILS

 

Analysis Done by :

KIN

 

 

Report Prepared by :

TPT

 

               

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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