MIRA INFORM REPORT
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Report No. : |
321036 |
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Report Date : |
05.05.2015 |
IDENTIFICATION DETAILS
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Name : |
FLORIGO INDUSTRY B.V. |
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Registered Office : |
De Bleek 5 3447GV Woerden |
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Country : |
Netherlands |
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Financials (as on) : |
31.12.2013 |
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Date of Incorporation : |
29.11.2012 |
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Com. Reg. No.: |
KvK-nummer: 56592868 |
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Legal Form : |
Private Company |
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Line of Business : |
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No. of Employee : |
30 (2013) |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Slow but correct |
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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) |
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Netherlands |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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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.
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Source
: CIA |
Summary
Company
name FLORIGO INDUSTRY
B.V.
Operative
address De Bleek 5
3447GV Woerden
Netherlands
Legal
form Private Company
Registration
number KvK-nummer: 56592868
VAT-number
852203809
|
Year |
2013 |
Mutation |
Mutation |
|
Fixed assets |
272.799 |
|
|
|
Total receivables |
2.256.979 |
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|
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Total equity |
1.610.521 |
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|
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Short term liabilities |
1.767.080 |
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|
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Working capital |
1.419.722 |
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Quick ratio |
1,37 |
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Contact
information
Company
name Florigo Industry B.V.
Trade
names Florigo Industry B.V.
Operative
address de Bleek 5
3447GV Woerden
Netherlands
Correspondence
address de Bleek 5
3447GV Woerden
Netherlands
Telephone
number 0348435435
Registration
Registration
number KvK-nummer: 56592868
Branch
number 000026130963
VAT-number
852203809
Status
Active
First
registration company register 2013-01-29
Memorandum
2013-01-28
Establishment
date 2012-11-29
Legal
form Private Company
Issued
placed capital EUR 50.000
Paid
up share capital EUR 50.000
Activities
SBI
Manufacture of metal
structures and parts of structures (2511)
Wholesale of construction machinery (building
equipment) (4663)
Exporter
No
Importer
No
Goal De fabricage en
ontwikkeling van - en de handel in - machines, vervaardiging van
constructiewerken, alsmede de ontwikkeling en fabricage van industriële
verwerkingslijnen.
Relations
Shareholders
Florigo
International B.V.
de Bleek 5
3447GV Woerden
Netherlands
Registration
number: 542377180000
Percentage:
100%
Companies
on same address BMA
Nederland B.V.
Registration number: 301378990002
Insolvency: Default
Florigo International B.V.
Registration number: 542377180000
Stichting Administratiekantoor Florigo
International
Registration number: 566420670000
Management
Active
management Florigo
International B.V.
de Bleek 5
3447GV Woerden
Netherlands
Registration number: 542377180000
Competence: Fully authorized
Function: Manager
Starting date: 2013-01-28
Employees
Total according to the Chamber of Commerce 0
|
Year |
2014 |
2013 |
|
Total |
0 |
30 |
Payments
Description Overeenkomstig conditie
Key
figures
|
Year |
2013 |
|
Quick ratio |
1,37 |
|
Current ratio |
1,80 |
|
Working capital/ balance total |
0,41 |
|
Year |
2013 |
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Equity / balance total |
0,47 |
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Equity / Fixed assets |
5,90 |
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Equity / liabilities |
0,87 |
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Balance total / liabilities |
1,87 |
|
Working capital |
1.419.722 |
|
Equity |
1.610.521 |
Summary The 2013 financial result structure is a postive
working captial of 1.419.722 euro, which is in agreement with 41 % of the total
assets of the company.
The current ratio of the company in 2013 was
1.8. A company with a current ratio between 1.5 and 3.0 generally indicates
good short-term financial strength.
The quick ratio in 2013 of the company was
1.37. A company with a Quick Ratio of more than 1 can 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 Florigo
Industry B.V.
de Bleek 5
3447GV Woerden
Netherlands
Registration number: 565928680000
Balance
|
Year |
2013 |
|
End date |
2013-12-31 |
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Tangible fixed assets |
272.799 |
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Fixed assets |
272.799 |
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Total stock |
772.783 |
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Total receivables |
2.256.979 |
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Liquid funds |
157.040 |
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Current assets |
3.186.802 |
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Total assets |
3.459.601 |
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Issued capital |
50.000 |
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Share premium reserve |
1.740.676 |
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Other reserves |
-180.155 |
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Total reserves |
1.560.521 |
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Total equity |
1.610.521 |
|
Provisions |
82.000 |
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Short term liabilities |
1.767.080 |
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Total short and long term liabilities |
1.849.080 |
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Total liabilities |
3.459.601 |
Summary In 2013 the assets of the company were 7.89 %
composed of fixed assets and 92.11 % by
current assets. The assets
are being financed by an equity of 46.55 %, and total debt of 53.45 %.
Analysis
Branch
(SBI) Manufacture of fabricated
metal products, except machinery and equipment (25)
Region
Westelijk Utrecht
In the Netherlands 12215 of the companies are
registered with the SBI code 25
In the region Westelijk Utrecht 323 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 Westelijk Utrecht 11 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 Westelijk Utrecht is
normal
Publications
Filings
26-06-2014: De jaarrekening
over 2013 is gepubliceerd.
Functions
30-01-2013: Per 28-01-2013
is bestuurder Willem Arie van Eijk in functie getreden.
30-01-2013: Per 28-01-2013
is bestuurder 54237718 Florigo International B.V. in functie
getreden.
Company
structure
Relations 3
TNA
Australia Pty Ltd.
•
Florigo International B.V.
de
Bleek 5
3447GV
Woerden
Netherlands
Registration
number: 542377180000
•
Florigo Industry B.V.
de
Bleek 5
3447GV
Woerden
Netherlands
Registration
number: 565928680000
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.58 |
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|
1 |
Rs.97.99 |
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Euro |
1 |
Rs.70.53 |
INFORMATION DETAILS
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Analysis Done by
: |
RAS |
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Report Prepared
by : |
ANK |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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-- |
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.