MIRA INFORM REPORT

Report No. :	305444
Report Date :	05.02.2015

IDENTIFICATION DETAILS

Name :	ANSALDO THOMASSEN B.V.

Operative Office :	Havelandseweg 8d, 6991GS Rheden

Country :	Netherlands

Financials (as on) :	31.12.2012

Date of Incorporation :	05.01.1948

Com. Reg. No.:	24272908

Legal Form :	Private Company

Line of Business :	· Engaged in manufacturing of machinery and equipment · Engaged in repair and maintenance of engines and Turbines, Aircraft, Motor Vehicles and Mopeds · Subject specializes in Field Service, Repair, Spare Parts, Conversions, Modifications and Upgrades, Training, Flexible Service Agreements, Gas Turbine Remanufacturing and Gas Turbine Relocation

No of Employees :	117 (2014)

RATING & COMMENTS

MIRA’s Rating :

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 and Delayed
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

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
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 reducing 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

Company Summary

Company name Ansaldo Thomassen B.V.

Operative address Havelandseweg 8d

6991GS Rheden

Netherlands

Status Active

Legal form Besloten Vennootschap (Private Company)

Registration number KvK-nummer: 24272908

VAT-number 001851226

Year	2012	Mutation	2011	Mutation	2010
Fixed assets	11.575.133	-9,81	12.834.004	8,25	11.856.162
Total receivables	11.849.493	10,16	10.756.559	-3,25	11.118.029
Total equity	110.493	104,63	-2.387.767	-260,70	1.485.826
Short term liabilities	41.923.944	-15,20	49.440.706	10,99	44.547.146
Net result	-2.760.691	28,68	-3.870.589	47,06	-7.311.118
Working capital	-10.809.623	16,17	-12.893.983	-63,71	-7.875.903
Quick ratio	0,43	79,17	0,24	-14,29	0,28

Contact information

Company name Ansaldo Thomassen B.V.

Trade names Ansaldo Thomassen B.V.

Operative address Havelandseweg 8d

6991GS Rheden

Netherlands

Correspondence address Postbus 95

6990AB Rheden

Netherlands

Telephone number 0264975800

Fax number 0264975857

Email address info@ansaldothomassen.nl

Website www.ansaldothomassen.nl

Registration

Registration number KvK-nummer: 24272908

Registered in Kamer van Koophandel Centraal Gelderland

Branch number 000020244525

VAT-number 001851226

Status Active

First registration

company register 1948-04-23

Memorandum 1948-01-05

Establishment date 1948-01-05

Legal form Besloten Vennootschap (Private Company)

Legal person since 1972-11-10

Last proposed

admendment 2008-09-18

Issued placed capital EUR 90.800

Paid up share capital EUR 90.800

Activities

· Engaged in manufacturing of machinery and equipment

· Engaged in repair and maintenance of engines and Turbines, Aircraft, Motor Vehicles and Mopeds

· Subject specializes in Field Service, Repair, Spare Parts, Conversions, Modifications and Upgrades, Training, Flexible Service Agreements, Gas Turbine Remanufacturing and Gas Turbine Relocation

Exporter Yes

Importer No

Branche organisations DGTA - Dutch Gas Turbine Association

Goal Houdster- en financieringsmaatschappij, engineering, onderhoud, conversie, ombouw,

upgrade, training, onderdelenlevering voor industriële turbines

Relations

Shareholders Naam: Ansaldo energia S.p.A.

Adres: Via Nicola Lorenzi 8, 16152 Genua

Ingeschreven in: Registro delle Imprese te Genoa, Italië onder nummer 734630155.

Enig aandeelhouder sedert: 28-09-2006

Bank details

Accounts ABN Amro Bank NV

Account number: 53.95.82.522

Management

Active Management

G. Milite (Giorgio)

Netherlands

Competence: Fully authorized

Function: Manager

Starting date: 2006-11-09

Date of birth: 1965-03-09, Genua, IT

M.O. Bianchi (Mario Orfeo)

Netherlands

Competence: Fully authorized

Function: Manager

Starting date: 2006-11-09

Date of birth: 1961-02-02, Genua, IT

S. Gianatti (Stefano)

Netherlands

Competence: Fully authorized

Function: Manager

Starting date: 2011-11-14

Date of birth: 1966-09-01, Sondria, IT

E. Rumkorf (Eric)

Netherlands

Competence: Jointly authorized

Function: Manager

Starting date: 2012-10-01

Date of birth: 1964-06-05, Amsterdam, NL

M.A.T. van der Borg (Markus Antonius Theodorus)

Netherlands