MIRA INFORM REPORT

 

 

Report No. :

326903

Report Date :

11.06.2015

 

IDENTIFICATION DETAILS

 

Name :

INNOVATIVE MEMBRANE TECHNOLOGIES B.V.

 

 

Registered Office :

Mast 23 3891KE Zeewolde

 

 

Country :

Netherlands

 

 

Financials (as on) :

2013

 

 

Date of Incorporation :

14.03.2003

 

 

Com. Reg. No.:

KvK-nummer: 30187308

 

 

Legal Form :

Private Company

 

 

Line of Business :

Research and experimental development on social sciences and humanities.

 

 

No. of Employee :

1

 

 

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

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 

NETHERLANDS ECONOMIC OVERVIEW

 

Netherlands, the sixth-largest economy in the euro-zone, is noted for its important role as a European transportation hub, sizable trade surplus, stable industrial relations, and moderate unemployment and inflation. 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 export. 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 injected billions of dollars of capital into financial institutions to stem the deterioration. To address the economic downturn, the government also 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 began implementing austerity measures in early 2011 to reduce the budget deficit, and, in 2013, the government brought the budget deficit below the euro-zone limit of 3% of GDP. Though the Dutch economy remains fragile, a gradual improvement in GDP growth in 2014 helped reduce the deficit further through an increase in government tax revenues. Private consumption remains subdued because of high unemployment, low wage growth, and still-high levels of debt, which together with tax increases, have made households reluctant to spend. Private investment and export growth are susceptible to slower activity in the Netherlands’ European trading partners and geopolitical tensions that constrain international trade.

 

Source : CIA

 

 

 

Summary

 

Company name            Innovative Membrane Technologies B.V.

Operative address        Mast 23

3891KE Zeewolde

Netherlands

 

Legal form                   Private Company

Registration number    KvK-nummer: 30187308

VAT-number                 811725017

 

 

Year

 

2013

Mutation

2012

Mutation

2011

Fixed assets

3.419

-22,38

4.405

-4,78

4.626

Total receivables

1.009.985

169,98

374.099

-17,45

453.201

Total equity

396.389

140,24

-985.053

-83,04

-538.154

Short term liabilities

957.059

39,03

688.377

21,06

568.606

Working capital

440.470

131,95

189.895

-64,75

538.692

Quick ratio

1,09

84,75

0,59

-28,92

0,83

 

 

 

 

Contact information

 

Company name                        Innovative Membrane Technologies B.V.

Trade names                            Innovative Membrane Technologies B.V.

IMT

 

Operative address                    Mast 23

3891KE Zeewolde

Netherlands

 

Correspondence address         Postbus 126

3890AC Zeewolde

Netherlands

 

Telephone number                   0365220090

Fax number                              0365236619

Email address              info@imtmembranes.nl

 

 

Registration

 

Registration number                KvK-nummer: 30187308

Branch number                        000019388306

VAT-number                             811725017

Status                                      Active

 

First registration company

Register                                   2003-03-20

Memorandum                           2003-03-14

Establishment date                  2003-03-14

 

Legal form                               Private Company

Last proposed admendment     2004-08-18

 

Issued placed capital               EUR 18.000

Paid up share capital               EUR 18.000

 

 

Activities

 

SBI                               Research and experimental development on social sciences and humanities (7220)

 

Exporter                       No

Importer                       No

 

Branche organisations Aqua Nederland

 

Goal                             De ontwikkeling van kennis op het gebied van scheidingstechnologie, alsmede de exploitative van deze kennis.

 

Relations

 

Shareholders               Innovative Membrane Technologies Holding B.V.

Mast 23

3891KE ZEEWOLDE

Netherlands

Registration number: 321299020000

Percentage: 100%

 

Companies on same

address                        Innovative Membrane Technologies Holding B.V.

Registration number: 321299020000

 

IMT Filters B.V.

Registration number: 603970710000

 

 

Management

 

Active management                  Innovative Membrane Technologies Holding B.V.

Mast 23

3891KE ZEEWOLDE

Netherlands

Registration number: 321299020000

Competence: Fully authorized

Function: General Director

Starting date: 2007-12-27

 

 

Employees

 

Year

 

2015

2013

2012

2011

2010

Total

1

7

1

1

1

 

 

 

Payments

 

Description                  Overeenkomstig conditie

 

 

Key figures

 

Year

 

2013

2012

2011

2010

2009

Quick ratio

1,09

0,59

0,83

0,88

2,01

Current ratio

1,46

1,28

1,95

2,10

4,07

Working capital/ balance total

0,31

0,22

0,48

0,52

0,75

Equity / balance total

0,28

-1,12

-0,48

0,02

-0,01

Equity / Fixed assets

115,94

-223,62

-116,33

4,56

-1,00

 

 

 

Year

 

2013

2012

2011

2010

2009

Equity / liabilities

0,39

-0,53

-0,33

0,02

-0,01

Balance total / liabilities

1,39

0,47

0,67

1,02

0,99

Working capital

440.470

189.895

538.692

1.415.432

1.434.842

Equity

396.389

-985.053

-538.154

44.573

-10.949

Mutation equity

140,24

-83,04

-1.307,35

507,10

-143,12

Mutation short term liabilities

39,03

21,06

-55,64

174,55

-78,85

 

 

Summary         The 2013 financial result structure is a postive working captial of 440.470 euro, which is in

agreement with 31 % of the total assets of the company.

The working capital has increased with 131.95 % compared to previous year. The ratio, with

respect to the total assets of the company has however, increased.

The improvement between 2012 and 2013 has mainly been caused by an increase of the

current assets.

The current ratio of the company in 2013 was 1.46. 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 1.09. A company with a Quick Ratio of more than

1 can currently pay back its current liabilities.

The 2012 financial result structure is a postive working captial of 189.895 euro, which is in

agreement with 22 % of the total assets of the company.

The working capital has diminished with -64.75 % 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 1.28. 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 0.59. 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            The company is obliged to file its financial statements.

Type of annual account            Corporate

Annual account                        Innovative Membrane Technologies B.V.

Mast 23

3891KE Zeewolde

Netherlands

Registration number: 301873080000

 

Balance

 

Year

2013

2012

2011

2010

2009

End date

2013-12-31

2012-12-31

2011-12-31

2010-12-31

2009-12-31

Intangible fixed assets

 

 

2.186

6.561

10.933

Tangible fixed assets

3.419

4.405

2.440

3.212

 

Fixed assets

3.419

4.405

4.626

9.773

10.933

Total stock

351.475

470.462

634.322

1.566.644

964.149

Total receivables

1.009.985

374.099

453.201

1.117.994

928.356

Liquid funds

36.069

33.711

19.775

12.669

9.233

Current assets

1.397.529

878.272

1.107.298

2.697.307

1.901.738

Total assets

1.400.948

882.677

1.111.924

2.707.080

1.912.671

Issued capital

18.000

18.000

18.000

18.000

18.000

Share premium reserve

1.150.000

 

 

 

 

Other reserves

-771.611

-1.003.053

-556.154

26.573

-28.949

Total reserves

378.389

-1.003.053

-556.154

26.573

-28.949

Total equity

396.389

-985.053

-538.154

44.573

-10.949

Provisions

10.000

2.659

15.000

15.000

15.000

Long term interest yielding debt

37.500

1.176.694

1.066.472

1.365.632

1.441.724

Long term liabilities

37.500

1.176.694

1.066.472

1.365.632

1.441.724

Short term liabilities

957.059

688.377

568.606

1.281.875

466.896

Total short and long term liabilities

1.004.559

1.867.730

1.650.078

2.662.507

1.923.620

Total liabilities

1.400.948

882.677

1.111.924

2.707.080

1.912.671

 

Summary         The total assets of the company increased with 58.72 % between 2012 and 2013.

Despite the assets growth, the non current assets decreased with -22.38 %.

The assets growth has been financed by a Net Worth increase of 140.24 %. The company's

net increase has also covered a reduction of -46.21 % of the company's indebtedness.

In 2013 the assets of the company were 0.24 % composed of fixed assets and 99.76 % by

current assets. The assets are being financed by an equity of 28.29 %, and total debt of

71.71 %.

The total assets of the company decreased with -20.62 % between 2011 and 2012.

This total assets decrease has been reflected in a reduction of non current assets of -4.78 %.

The asset reduction results in an equity decrease of -83.04 %. Despite the decrease, the

indebtness increased with 13.19 %.

In 2012 the assets of the company were 0.5 % composed of fixed assets and 99.5 % by

current assets. The assets are being financed by an equity of -111.6 %, and total debt of

211.6 %.

 

 

 

 

 

Analysis

 

Branch (SBI)                 Research and experimental development on natural sciences (72)

Region                         Flevoland

In the Netherlands 7968 of the companies are registered with the SBI code 72

In the region Flevoland 137 of the companies are registered with the SBI code 72

In the Netherlands 48 of the bankrupcties are published within this sector

In the region Flevoland 1 of the bankruptcies are published within this sector

The risk of this specific sector in the Netherlands is Low

The risk of this specific sector in the region Flevoland is Low

 

 

Publications

 

Filings                                     26-11-2014: De jaarrekening over 2013 is gepubliceerd.

13-02-2014: De jaarrekening over 2012 is gepubliceerd.

31-01-2013: De jaarrekening over 2011 is gepubliceerd.

17-05-2011: De jaarrekening over 2010 is gepubliceerd.

 

Functions                     03-04-2013: Per 01-04-2013 is gevolmachtigde Maria Lucia Dekker-Luijkx uit functie

getreden.

03-04-2013: Per 01-04-2013 is gevolmachtigde Theodorus Johannes van den Berghe uit

functie getreden.

03-04-2012: Per 01-04-2012 is gevolmachtigde Maria Lucia Dekker-Luijkx in functie

getreden.

03-04-2012: Per 01-04-2012 is gevolmachtigde Theodorus Johannes van den Berghe in

functie getreden.

 

 

Company structure

 

Relations                      2

 

 

Innovative Membrane Technologies Holding B.V.

Mast 23

3891KE ZEEWOLDE

Netherlands

Registration number: 321299020000

• Innovative Membrane Technologies B.V.

Mast 23

3891KE Zeewolde

Netherlands

Registration number: 301873080000

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.63.88

UK Pound

1

Rs.98.47

Euro

1

Rs.72.15

 

 

INFORMATION DETAILS

 

Analysis Done by :

DIV

 

 

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%)

 

 

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