MIRA INFORM REPORT

Report No. :	357104
Report Date :	28.12.2015

IDENTIFICATION DETAILS

Name :	GEELEN TECHNIEK B.V.

Registered Office :	Windmolenven 43 6081PJ Haelen

Country :	Netherlands

Financials (as on) :	31.12.2014

Date of Incorporation :	01.07.1980

Com. Reg. No.:	13024796

Legal Form :	Private Limited Company

Line of Business :	Manufacture of other special-purpose machinery and equipment n.e.c.

No. of Employee :	30

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
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

Status :	Good

Payment Behaviour :	Regular

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

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 Geelen Techniek B.V.

Operative address Windmolenven 43

6081PJ Haelen

Netherlands

Legal form Private Limited Company

Registration number KvK-nummer: 13024796

VAT-number 006747930

Year	2014	Mutation	2013	Mutation	2012
Fixed assets	1.915.121	8,88	1.758.997	0,95	1.742.400
Total receivables	3.819.783	27,92	2.986.072	-3,87	3.106.286
Total equity	12.060.262	34,79	8.947.215	19,35	7.496.319
Short term liabilities	7.586.376	8,49	6.992.956	-3,40	7.238.986
Net result	4.964.154	29,55	3.831.919	-18,89	4.724.063
Working capital	11.564.319	36,01	8.502.462	23,13	6.905.071
Quick ratio	2,23	16,75	1,91	17,18	1,63

Contact information

Company name Geelen Techniek B.V.

Trade names Geelen Counterflow

Operative address Windmolenven 43

6081PJ Haelen

Netherlands

Correspondence address Windmolenven 43

6081PJ Haelen

Netherlands

Telephone number 0475592315

Fax number 0495592767

Email address info@geelencounterflow.com

Website www.geelencounterflow.com

Registration

Registration number KvK-nummer: 13024796

Branch number 000019663056

VAT-number 006747930

Status Active

First registration company register 1985-09-30

Memorandum 1985-09-20

Establishment date 1980-07-01

Legal form Private Limited Company

Legal person since 1985-09-20

Last proposed admendment 1988-08-10

Issued placed capital EUR 18.151

Paid up share capital EUR 18.151

Activities

SBI 2899: Manufacture of other special-purpose machinery and equipment n.e.c.

Exporter Yes

Importer Yes

Goal Ontwerpen, vervaardigen, bewerken en verwerken van staal- en andere metaalkonstrukties, machi- nes, elektrische apparaten en -installaties, alsmede handel in- en verhuur van genoemde pro- dukten

Relations

Companies on same address Getec Beheer B.V.

Registration number: 13020124

Management

Active management Bovenhof B.V.

Ross van Lenneplaan 32

6132AP SITTARD

Netherlands

Registration number: 14050390

Competence: Jointly authorized

Function: Manager

Starting date: 1998-07-01

H.J.G. Wismans Hendrikus Johannes Gerardus

Netherlands

Competence: Jointly authorized

Function: Manager

Starting date: 1998-07-01

Date of birth: 1961-10-30, Roermond, NL

F.J. Verdonschot Franciscus Joannes

Netherlands