MIRA INFORM REPORT

 

 

Report No. :

343348

Report Date :

03.10.2015

 

IDENTIFICATION DETAILS

 

Name :

HZPC HOLLAND B.V.

 

 

Registered Office :

Edisonweg 5 8501XG Joure

 

 

Country :

Netherlands

 

 

Financials (as on) :

30.06.2014

 

 

Date of Incorporation :

23.04.1919

 

 

Com. Reg. No.:

01084958

 

 

Legal Form :

Private Company

 

 

Line of Business :

  • Support activities for crop production
  • Wholesale of edible potatoes

 

 

No. of Employees :

144

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Status :

Satisfactory

 

 

Payment Behaviour :

No Complaints

 

 

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

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                                    Hzpc Holland B.V.

Operative address                                Edisonweg 5

8501XG Joure

Netherlands

 

Status                                                  Active

Legal form                                           Private Company

Registration number                            KvK-nummer: 01084958

VAT-number                                         807807928

 

Year

2014

Mutation

 

Mutation

2012

Fixed assets

22.000.000

 

 

-100,00

20.167.000

Total receivables

39.900.000

 

 

-100,00

49.606.000

Total equity

42.282.000

 

 

-100,00

38.628.000

Short term liabilities

52.944.000

 

 

-100,00

43.369.000

Net result

9.199.000

 

 

-100,00

4.442.000

Working capital

20.976.000

 

 

-100,00

19.369.000

Quick ratio

1,37

 

0,00

-100,00

1,43

 

 

 

 

Contact information

 

Company name                                    Hzpc Holland B.V.

Trade names                                        ZPC

HZPC Holland

HZPC

Hettema

HZPC Holland afdeling Research en Development

HZPC Holland Kwaliteitslab

HZPC Holland "Sippenburch"

Operative address                                Edisonweg 5

8501XG Joure

Netherlands

Correspondence address                     Postbus 88

8500AB Joure

Netherlands

 

Telephone number                               0513489888

Fax number                                          0513489809

Email address                                      info@hzpc.nl

 

 

Registration

 

Registration number                            KvK-nummer: 01084958

Branch number                                    000017100291

VAT-number                                         807807928

 

Status                                                  Active

First registration company register      1999-07-01

Memorandum                                       1999-06-30

Establishment date                              1919-04-23

 

Legal form                                           Private Company

Legal person since                               1999-06-30

Last proposed admendment                 2005-09-13

Issued placed capital                           EUR 15.674.500

Paid up share capital                           EUR 15.674.500

 

 

Activities

 

SBI                                           0161: Support activities for crop production

46312: Wholesale of edible potatoes

Exporter                                   Yes

Importer                                   No

Branche organisations             Plantum (Branchevereniging voor de sector plantaardig uitgangsmateriaal)

 

Goal                                         A. Het kweken van-, het doen van onderzoek naar de eigenschappen van- en het

vertegenwoordigen van kwekers van rassen van land- en tuinbouwgewassen, in het bijzonder aardappelrassen en het verlenen van licenties op onder meer industriële en intellectuele eigendomsrechten, waaronder begrepen  kwekersrechten; B. Het (doen) telen, verhandelen, exporteren en distribueren van poot- en consumptieaardappelen en al hetgeen daarmede in de ruimste zin verband houdt alsmede het verrichten van alle overage handelingen op commercieel, industrieel en financieel gebied; beheermaatschappij.

 


Relations

Relations

Shareholders                                       Vereniging HZPC

Edisonweg 5

8501XG Joure

Netherlands

Registration number: 01086659

Percentage: 100%

Branches                                              HZPC Holland B.V.

Roptawei 4

9123JB METSLAWIER

Netherlands

Registration number: 01084958

 

HZPC Holland B.V.

Ropsterwei 16

9137RH OOSTERNIJKERK

Netherlands

Registration number: 01084958

 

HZPC Holland B.V.

Transportweg 7

8304AX EMMELOORD

Netherlands

Registration number: 01084958

 

Companies on same address               Bonna Terra B.V.

Registration number: 39071354

 

Participatie Maatschappij Buitenland B.V.

Registration number: 01044636

 

Stichting Bevordering Veredelingsonderzoek

Registration number: 41246499

 

Vereniging HZPC

Registration number: 01086659

 

ZOS B.V.

Registration number: 01012151

 

Solentum B.V.

Registration number: 63546981

 

 

Management

 

Active management                              G.F.J. Backx Gerardus Franciscus Jacobus

Netherlands

Competence: Fully authorized

Function: Manager

Starting date: 2001-08-01

Date of birth: 1959-08-07, de Noordoostelijke Polder, NL

Involved with the following companies:

Vereniging HZPC

Edisonweg 5

8501XG Joure

Netherlands

Registration number: 01086659

Function: Manager

 

Participatie Maatschappij Buitenland B.V.

Edisonweg 5

8501XG Joure

Netherlands

Registration number: 01044636

Function: Manager

 

B.T. Visser Biense Thomas

3581 SH

Netherlands

Function: Commissaris

Starting date: 2006-10-05

Date of birth: 1952-07-29, Beek, NL

Involved with the following companies:

DNA Green Group B.V.

Coldenhovelaan 6

2678PS DE LIER

Netherlands

Registration number: 57754950

Function: Manager

 

Kreatech Holding B.V.

Vlierweg 20

1032LG AMSTERDAM

Netherlands

Registration number: 33213917

Function: Commissaris

 

Coperatie Koninklijke Cosun U.A.

Van de Reijtstraat 15

4814NE Breda

Netherlands

Registration number: 20028699

Function: Commissaris

 

E. Kraaijenzank Eddy

Netherlands

Function: Commissaris

Starting date: 2011-05-12

Date of birth: 1956-09-27, Deventer, NL

Involved with the following companies:

Avebe Nederland B.V.

Prins Hendrikplein 20

9641GK VEENDAM

Netherlands

Registration number: 02322909

Function: Manager

 

Coöperatie AVEBE U.A.

Prins Hendrikplein 20

9641GK VEENDAM

Netherlands

Registration number: 02300804

Function: Manager

 

Solanic B.V.

Prins Hendrikplein 20

9641GK VEENDAM

Netherlands

Registration number: 02326042

Function: Manager

 

Ctac N.V.

Meerendonkweg 11

5216TZ 's-Hertogenbosch

Netherlands

Registration number: 16066162

Function: Commissaris

 

A. Oosterhof Ate

Netherlands

Function: Commissaris

Starting date: 2009-05-14

Date of birth: 1947-12-11, Leeuwarden, NL

 

M.J. Ubbens Meertinus Jan

Netherlands

Function: Commissaris

Starting date: 2009-10-08

Date of birth: 1957-02-12, Haren, NL

Involved with the following companies:

 

Stichting Derdengelden Trip Advocaten

Hereweg 93

9721AA Groningen

Netherlands

Registration number: 02064652

Function: Chairman

 

Stichting Administratiekantoor Van der Wiel

De Meerpaal 11

9206AJ Drachten

Netherlands

Registration number: 41005105

Function: Chairman

 

Trip Advocaten & Notarissen B.V.

Hereweg 93

9721AA Groningen

Netherlands

Registration number: 02064382

Function: Manager

 

Trip Beheer B.V.

Hereweg 93

9721AA Groningen

Netherlands

Registration number: 02041945

Function: Manager

 

Van Triest B.V.

Jos van Aalderenlaan 11

7908HC HOOGEVEEN

Netherlands

Registration number: 04035946

Function: Commissaris

 

W. Sinnema Wigle

Netherlands

Function: Commissaris

Starting date: 2012-05-10

Date of birth: 1961-01-01, Wonseradeel, NL

 

G.J. Feddes Gerrit Jan

8252 HK

Netherlands

Competence: Limited authorization

Function: Proxy

Starting date: 2009-01-01

Date of birth: 1962-11-29, Noordoostpolder, NL

Involved with the following companies:

Sensient Dehydr. Flavors B.V.

Industriestraat 1

8081HH ELBURG

Netherlands

Registration number: 08010878

Function: Proxy

J.J. Geelhoed Jacobus Johannis

Netherlands

Competence: Limited authorization

Function: Proxy

Starting date: 1999-07-01

Date of birth: 1952-07-15, Kortgene, NL

 

J.J. Prins Jan Johannes

Netherlands

Competence: Limited authorization

Function: Proxy

Starting date: 1999-07-01

Date of birth: 1956-06-23, Baflo, NL

 

G. Riemersma Gooitzen

Netherlands

Competence: Limited authorization

Function: Proxy

Starting date: 1999-07-01

Date of birth: 1958-08-12, Tietjerksteradeel, NL

 

S. Olijnsma - Touwen Sietske

Netherlands

Competence: Limited authorization

Function: Proxy

Starting date: 1999-07-01

Date of birth: 1964-06-24, Leeuwarden, NL

 

H. Veenstra Hero

Netherlands

Competence: Limited authorization

Function: Proxy

Starting date: 1999-07-01

Date of birth: 1950-07-30, Uithuizermeeden, NL

 

A.G. Waalkens Anne Gerrit

Netherlands

Competence: Limited authorization

Function: Proxy

Starting date: 1999-07-01

Date of birth: 1963-02-13, Wedde, NL

 

J.J. Bos Jelle Jan

Netherlands

Competence: Limited authorization

Function: Proxy

Starting date: 1999-07-01

Date of birth: 1956-02-24, Leeuwarden, NL

 

A. van Luyk Adriaan

Netherlands

Competence: Limited authorization

Function: Proxy

Starting date: 1999-07-01

Date of birth: 1953-09-02, Aalsmeer, NL

E.P. de Koning Emma Pleuntje

Netherlands

Competence: Limited authorization

Function: Proxy

Starting date: 1999-07-01

Date of birth: 1973-04-12, Heerenveen, NL

 

H. Verveld Hermanus

Netherlands

Competence: Limited authorization

Function: Proxy

Starting date: 2001-01-18

Date of birth: 1962-04-01, Amsterdam, NL

Involved with the following companies:

Participatie Maatschappij Buitenland B.V.

Edisonweg 5

8501XG Joure

Netherlands

Registration number: 01044636

Function: Manager

 

H.K. Witteveen Hendrik Koenraad

Netherlands

Competence: Limited authorization

Function: Proxy

Starting date: 2001-01-18

Date of birth: 1970-02-06, Leeuwarden, NL

 

L. Gommers - Posthuma Lammigje

Netherlands

Competence: Limited authorization

Function: Proxy

Starting date: 2001-07-01

Date of birth: 1962-06-02, de Noordoostelijke Polder, NL

 

J.K. Vos - Feenstra Jacoba Klasiena

Netherlands

Competence: Limited authorization

Function: Proxy

Starting date: 2001-07-01

Date of birth: 1965-07-13, Noordoostpolder, NL

 

A.J. Plomp Arie Jan

Netherlands

Competence: Limited authorization

Function: Proxy

Starting date: 2006-07-01

Date of birth: 1969-10-21, Noordoostpolder, NL

 

F. van der Werff Frank

Netherlands

Competence: Limited authorization

Function: Proxy

Starting date: 2006-12-01

Date of birth: 1966-10-19, Menaldumadeel, NL

 

J.H. van der Tas Jan Hendrik

Netherlands

Competence: Limited authorization

Function: Proxy

Starting date: 2007-09-03

Date of birth: 1960-06-12, Delft, NL

 

M.F.W. Jansen Klomp Martin Frederik Willem

Netherlands

Competence: Limited authorization

Function: Proxy

Starting date: 2007-09-10

Date of birth: 1961-03-14, Haarlem, NL

Involved with the following companies:

Participatie Maatschappij Buitenland B.V.

Edisonweg 5

8501XG Joure

Netherlands

Registration number: 01044636

Function: Manager

R.P. Graveland Rocus Pieter

Netherlands

Competence: Limited authorization

Function: Proxy

Starting date: 2007-09-10

Date of birth: 1969-04-19, Klaaswaal, NL

 

W. Greven Willem

Netherlands

Competence: Limited authorization

Function: Proxy

Starting date: 2009-09-01

Date of birth: 1965-10-28, Noordoostpolder, NL

 

B.W. Rooze Bertus Wiebe

Netherlands

Competence: Limited authorization

Function: Proxy

Starting date: 2012-01-01

Date of birth: 1959-05-27, Leeuwarden, NL

 

S. van der Woude Siemen

Netherlands

Competence: Limited authorization

Function: Proxy

Starting date: 2012-03-20

Date of birth: 1977-02-20, Leeuwarden, NL

 

H.D. Tabernée Heijtmeijer Herman Dingeman

Netherlands

Competence: Fully authorized

Function: Proxy

Starting date: 2014-07-14

Date of birth: 1964-04-17, Distrikt Suriname, SR

Involved with the following companies:

Participatie Maatschappij Buitenland B.V.

Edisonweg 5

8501XG Joure

Netherlands

Registration number: 01044636

Function: Proxy

 

S.J. Kuiper Steven Jacob

Netherlands

Competence: Limited authorization

Function: Proxy

Starting date: 2015-08-01

Date of birth: 1990-06-27, Heerenveen, NL

 

 

Employees

 

Total according to the Chamber of Commerce             144

 

Year

2015

2014

2012

2011

2010

Total

144

136

109

109

136

 

 

 


Payments

 

Description                                          No Complaints

 

 

Key figures

 

Year

2014

2012

2011

2010

Quick ratio

1,37

1,43

1,49

1,45

Current ratio

1,40

1,45

1,51

1,46

 

Working capital/ balance total

0,22

0,23

0,26

0,23

Equity / balance total

0,44

0,47

0,47

0,45

Equity / Fixed assets

1,92

1,92

1,96

1,74

Equity / liabilities

0,79

0,87

0,87

0,83

Balance total / liabilities

1,79

1,87

1,87

1,83

 

Working capital

20.976.000

19.369.000

20.597.000

17.633.000

Equity

42.282.000

38.628.000

37.128.000

34.143.000

Mutation equity

 

4,04

8,74

4,48

Mutation short term liabilities

 

7,87

5,65

3,31

 

Return on total assets (ROA)

11,48

7,53

14,78

6,67

Return on equity (ROE)

26,04

16,16

31,75

14,72

Gross profit margin

4,01

2,44

3,97

2,36

Net profit margin

3,37

1,91

3,02

1,71

 

Average collection ratio

5,15

5,36

7,06

5,55

Average payment ratio

6,84

4,68

7,20

6,11

Equity turnover ratio

6,45

6,01

7,65

6,19

Total assets turnover ratio

2,85

2,80

3,56

2,81

Fixed assets turnover ratio

12,41

11,52

14,97

10,76

Inventory conversion ratio

238,57

323,60

365,41

356,30

 

Turnover

272.919.000

232.346.000

283.923.000

211.287.000

Gross margin

35.091.000

34.348.000

37.201.000

28.291.000

Operating result

10.957.000

5.662.000

11.260.000

4.996.000

 

 

Year

2014

2012

2011

2010

Net result after taxes

9.199.000

4.442.000

8.571.000

3.623.000

Cashflow

12.454.000

6.744.000

10.632.000

5.493.000

Gross profit

272.919.000

232.346.000

283.923.000

211.287.000

EBIT

10.957.000

5.662.000

11.260.000

4.996.000

EBITDA

14.212.000

7.964.000

13.321.000

6.866.000

 


Summary

 

The 2014 financial result structure is a postive working captial of 20.976.000 euro, which is in agreement with 22 % of the total assets of the company.

The current ratio of the company in 2014 was 1.4. When the current ratio is below 1.5, the company may have problems meeting its short-term obligations.

The quick ratio in 2014 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                             2014

Remark annual account                        The company is obliged to file its financial statements.

Type of annual account                        Consolidated

Annual account                                    Hzpc Holland B.V.

Edisonweg 5

8501XG Joure

Netherlands

Registration number: 01084958

 

 

Balance

 

Year

End date

2014

2014-06-30

2012

2012-06-30

2011

2011-06-30

2010

2010-06-30

Intangible fixed assets

1.547.000

312.000

 

Tangible fixed assets

16.381.000

16.434.000

15.802.000

16.844.000

Financial fixed assets

4.072.000

3.421.000

3.167.000

2.791.000

Total stock

1.144.000

718.000

777.000

593.000

Accounts receivable

31.375.000

40.835.000

32.620.000

28.535.000

Other receivables

8.525.000

8.771.000

6.792.000

6.056.000

Total receivables

39.900.000

49.606.000

39.412.000

34.591.000

Liquid funds

32.876.000

12.414.000

20.614.000

20.505.000

Current assets

73.920.000

62.738.000

60.803.000

55.689.000

Total assets

95.920.000

82.905.000

79.772.000

75.324.000

Total equity

42.282.000

38.628.000

37.128.000

34.143.000

Provisions

694.000

908.000

801.000

1.487.000

Long term interest yielding debt

 

 

1.637.000

1.638.000

Long term liabilities

 

1.637.000

1.638.000

 

Accounts payable

14.503.000

14.134.000

6.743.000

10.037.000

Other short term liabilities

38.441.000

29.235.000

33.463.000

28.019.000

Short term liabilities

52.944.000

 

43.369.000

40.206.000

Total short and long term liabilities

53.638.000

 

44.277.000

42.644.000

Total liabilities

95.920.000

82.905.000

79.772.000

75.324.000

 

 

Summary

 

In 2014 the assets of the company were 22.94 % composed of fixed assets and 77.06 % by current assets. The assets are being financed by an equity of 44.08 %, and total debt of 55.92 %.

 

 

 

Profit and loss

 

Year

2014

2012

2011

2010

Revenues

285.366.000

237.076.000

289.922.000

215.943.000

Other operating income

12.447.000

4.730.000

5.999.000

4.656.000

Net turnover

272.919.000

232.346.000

283.923.000

211.287.000

Gross margin

35.091.000

34.348.000

37.201.000

28.291.000

Wages and salaries

19.696.000

18.155.000

16.880.000

15.674.000

Amorization and depreciation

3.255.000

2.302.000

2.061.000

1.870.000

Sales

237.828.000

197.998.000

246.722.000

182.996.000

other operating costs

13.630.000

12.959.000

12.999.000

10.407.000

Operating expenses

274.409.000

231.414.000

278.662.000

210.947.000

Result in subsidiaries

280.000

688.000

665.000

Operating result

10.957.000

5.662.000

11.260.000

4.996.000

Financial income

284.000

399.000

359.000

575.000

Financial expenses

511.000

508.000

495.000

545.000

Financial result

-227.000

-109.000

-136.000

30.000

Result on ordinary operations before taxes

11.010.000

6.241.000

11.789.000

5.026.000

Taxation on the result of ordinary activities

1.811.000

1.799.000

3.218.000

1.473.000

Result of ordinary activities after taxes

9.199.000

4.442.000

8.571.000

3.553.000

Result subsidiaries after taxes

 

 

 

70.000

Net result

9.199.000

4.442.000

8.571.000

3.623.000

 

 

Summary

 

The company's Financial Profitability has been neutrally affected by the financial activities in comparison to the EBITs behaviour. The result of these variations is the unchanged profitability of the analysed period, remaining unchanged at 26.04 % in the year 2014.

 

 

 

 

 

 

Analysis

 

Branch                                     (SBI) AGRICULTURE (SBI code 01)

Region                                     Friesland

Summary                                 In the Netherlands 74409 of the companies are registered with the SBI code 01

In the region Friesland 5199 of the companies are registered with the SBI code 01

In the Netherlands 350 of the bankrupcties are published within this sector

In the region Friesland 11 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 Friesland is Low

 

 

Publications

 

Deposits                                   31-10-2014: De jaarrekening over 2014 (gebroken boekjaar) is gepubliceerd.

07-11-2012: De jaarrekening over 2012 (gebroken boekjaar) is gepubliceerd.

06-02-2012: De jaarrekening over 2011 (gebroken boekjaar) is gepubliceerd.

12-04-2011: De jaarrekening over 2008 (gebroken boekjaar) is gepubliceerd.

12-04-2011: De jaarrekening over 2009 (gebroken boekjaar) is gepubliceerd.

29-03-2011: De jaarrekening over 2010 (gebroken boekjaar) is gepubliceerd.

Functions                                 02-09-2015: Per 01-08-2015 is gevolmachtigde Steven Jacob Kuiper in functie getreden.

02-09-2014: Per 01-09-2014 is gevolmachtigde Feico Leffert Tijmstra uit functie getreden.

16-07-2014: Per 14-07-2014 is gevolmachtigde Herman Dingeman Tabernée Heijtmeijer in

functie getreden.

17-12-2013: Per 04-10-2012 is commissaris Tieo Schot uit functie getreden.

02-10-2013: Per 01-06-2013 is gevolmachtigde Rudi Kosters uit functie getreden.

02-10-2013: Per 07-09-2013 is gevolmachtigde Arie Westmaas uit functie getreden.

06-09-2012: Per 10-05-2012 is commissaris Wigle Sinnema in functie getreden.

02-05-2012: Per 01-05-2012 is gevolmachtigde Johannes Hermanus Hoogenboom uit functie

getreden.

06-04-2012: Per 01-10-2011 is gevolmachtigde Feico Leffert Tijmstra in functie getreden.

21-03-2012: Per 20-03-2012 is gevolmachtigde Siemen van der Woude in functie getreden.

19-03-2012: Per 01-11-2011 is commissaris Robertus Alexander de Vries uit functie

getreden.

19-03-2012: Per 01-01-2012 is gevolmachtigde Jakob Jan Brondijk uit functie getreden.

02-03-2012: Per 01-01-2012 is gevolmachtigde Bertus Wiebe Rooze in functie getreden.

 

 

Company structure

 

Relations                                                          8

Company                                                                                 Registration

number

Vereniging HZPC (Joure)                                                          01086659

| - - Hzpc Holland B.V. (Joure)                                                   01084958

| - - | - - Stet Holland B.V. (EMMELOORD)                                  39025649

| - - | - - Bonna Terra B.V. (JOURE)                                            39071354

| - - | - - Participatie Maatschappij Buitenland B.V. (Joure)         01044636

| - - | - - | - - Solentum B.V. (Joure)                                             63546981

| - - | - - ZOS B.V. (JOURE)                                                        01012151

| - - | - - | - - ZOS Wehe B.V. (WEHE DEN HOORN)                      02089727

 

 

 


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.65.55

UK Pound

1

Rs.99.17

Euro

1

Rs.73.08

 

INFORMATION DETAILS

 

Analysis Done by :

TRI

 

 

Report Prepared by :

VNT

 

               

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%)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.