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Report No. : |
351707 |
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Report Date : |
28.11.2015 |
IDENTIFICATION DETAILS
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Name : |
SANGHVI EUROPE B.V. |
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Registered Office : |
Vossenbeemd 45A 5705CL Helmond |
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Country : |
Netherlands |
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Date of Incorporation : |
27.05.2014 |
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Com. Reg. No.: |
KvK-nummer: 60785551 |
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Legal Form : |
Private company with regular structure |
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Line of Business : |
Wholesale of hardware (ironware and metal products). |
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No. of Employee : |
Not Available |
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 : |
Unknown |
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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 – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
Netherlands |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
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
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 |
Company
name Sanghvi Europe
B.V.
Operative
address Vossenbeemd 45A
5705CL HELMOND
Netherlands
Legal
form Private company
with regular structure
Registration
number KvK-nummer: 60785551
VAT-number
854059155
Company
name Sanghvi Europe B.V.
Trade
names Sanghvi Europe B.V.
Operative
address Vossenbeemd 45A
5705CL HELMOND
Netherlands
Correspondence
address Postbus 1010
5700BA HELMOND
Netherlands
Telephone
number 0492-820017
Registration
number KvK-nummer: 60785551
Branch
number 000029948304
VAT-number
854059155
Status
Active
First
registration company
register
2014-05-27
Memorandum
2014-05-27
Establishment
date 2014-05-27
Legal
form Private company
with regular structure
Issued
placed capital EUR 100
Paid
up share capital EUR 100
SBI
46741: Wholesale of
hardware (ironware and metal products)
Exporter
Yes
Importer
Yes
Goal
De groothandel in stalen en
roestvrijstalen halffabricaten.
Shareholders
Sanghvi Forging and
Engineering Limited
244/6-7, GIDC Industrial Estate
Waghodia District Vadoda
India
Percentage: 100%
Shareholders
Naam: Sanghvi Forging and Engineering Limited
Bezoekadres: 244/6-7, GIDC Industrial Estate ,
Waghodia, District Vadoda, India
Ingeschreven in: Registrar of Companies New Dehli, India onder nummer
RCMC:B:MFG:12907:2011-12
Enig aandeelhouder sedert: 27-05-2014 (datum
registratie: 06-06-2014)
Companies
on same
address MD
Europe B.V.
Registration number: 17066263
Fitting World B.V.
Registration number: 17066412
Active
management A.M. Dallau Aloysius Maria
5761 CL
Netherlands
Competence: Fully authorized
Function: General Director
Starting date: 2014-05-27
Date of birth: 1948-03-30, Rotterdam, NL
Sanghvi Naresh Babulal
Netherlands
Function: Commissaris
Starting date: 2014-05-27
Date of birth: 1977-12-09, Hariyali-Jalore Rajasthan, IN
Total
according to the Chamber of Commerce 0
Year
2015
Total 0
Remark annual account There is no financial data published
Functions
03-06-2014: Per 27-05-2014
is commissaris Naresh Sanghvi in functie getreden.
03-06-2014: Per 27-05-2014
is bestuurder Aloysius Maria Dallau in functie getreden.
Amendments
16-07-2014: Gestort
kapitaal gewijzigd in EUR 100,00.
Relations
2
Company
Registration
number
Sanghvi
Forging and Engineering Limited (Waghodia District Vadoda)
|
- - Sanghvi Europe B.V. (HELMOND) 60785551
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.75 |
|
|
1 |
Rs.100.68 |
|
Euro |
1 |
Rs.70.88 |
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EUR |
1 |
Rs.70.77 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
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Analysis Done by
: |
KAS |
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|
|
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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 |
|
<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.