MIRA INFORM REPORT
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Report No. : |
345705 |
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Report Date : |
21.10.2015 |
IDENTIFICATION DETAILS
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Name : |
AE-ROTOR HOLDING B.V. |
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Registered Office : |
Jan Tinbergenstraat 290 7559ST HENGELO OV |
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Country : |
Netherlands |
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Financials (as on) : |
31.03.2014 |
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Date of Incorporation : |
01.03.2001 |
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Com. Reg. No.: |
08097459 |
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Legal Form : |
Private company with common
structure |
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Line of Business : |
To establish and acquire , participate
in , cooperate with , the conduct of the Management report , as well as ( do)
finance other enterprises , in which legal also |
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No. of Employees : |
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 : |
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 – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
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
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 AE-Rotor
Holding B.V.
Operative address Jan
Tinbergenstraat 290
7559ST HENGELO OV
Netherlands
Legal form Besloten
vennootschap met gewone structuur
Registration number KvK-nummer:
08097459
VAT-number 809847838
|
Year |
2014 |
Mutation |
Mutation |
2012 |
|
Fixed assets |
121.571.722 |
|
-100,00 |
1.488.149.805 |
|
Total receivables |
945.299.284 |
|
-100,00 |
145.918.871 |
|
Total equity |
174.377.423 |
|
-100,00 |
890.725.178 |
|
Short term liabilities |
82.355.500 |
|
-100,00 |
524.248.062 |
|
Net result |
-826.693.122 |
|
|
|
|
Working capital |
863.072.512 |
|
100,00 |
-375.823.360 |
|
Quick ratio |
11,48 |
0,00 |
-100,00 |
0,28 |
Contact
information
Company name AE-Rotor
Holding B.V.
Trade names AE-Rotor
Holding B.V.
Operative address Jan
Tinbergenstraat 290
7559ST HENGELO OV
Netherlands
Correspondence address Jan
Tinbergenstraat 290
7559ST HENGELO OV
Netherlands
Telephone number 088-4650300
Fax number 0884650380
Email address t.berk@suzlon.com
Website www.suzlon.com
Registration
Registration number KvK-nummer:
08097459
Branch number 000009887962
VAT-number 809847838
Status Active
First registration company register 2001-06-08
Memorandum 2001-06-08
Establishment date 2001-03-01
Legal form Besloten
vennootschap met gewone structuur
Legal person since 2001-06-08
Last proposed admendment 2009-03-31
Issued placed capital EUR
636.440.000
Paid up share capital EUR
636.440.000
Activities
SBI 6420:
Financial holding
Exporter No
Importer No
Goal Het
oprichten en verwerven van, het deelnemen in, het samenwerken met, het voeren
van de directie over, alsmede het (doen) financieren van andere ondernemingen,
in welke rechtsvorm ook
Relations
Companies on same address SE
Blades Technology B.V.
Registration
number: 08097855
Personeelsvereniging Suzlon
Blade Technology
Registration number: 08184826
Suzlon Energy Limited
Registration number: 56227949
Management
Active management F.H.J.
Visscher Frans Hilbert Jan
Netherlands
Competence: Fully authorized
Function: General Director
Starting date: 2009-03-17
Date of birth: 1953-06-24,
's-Gravenhage, NL
Involved with the following
companies:
Suzlon Energy B.V.
Strawinskylaan 555AWTCTOREN
1077XX AMSTERDAM
Netherlands
Registration number: 08097857
Function: General Director
K. Vagadia Kirtikant
Netherlands
Competence: Fully authorized
Function: General Director
Starting date: 2012-04-01
Date of birth: 1965-03-12,
Barwala Ahmedabad, IN
Involved with the following
companies:
Suzlon Energy B.V.
Strawinskylaan 555AWTCTOREN
1077XX AMSTERDAM
Netherlands
Registration number: 08097857
Function: General Director
T.R. Tanti Tulsibhai
Ranchhodbhai
Netherlands
Competence: Fully authorized
Function: General Director
Starting date: 2009-05-11
Date of birth: 1958-02-02,
Rajkot, IN
Employees
Year 2015
2014 2010
2009 2004
Total 0
0 1 1 1
Payments
Description Overeenkomstig
conditie
Key
figures
|
Year |
2014 |
2012 |
2011 |
|
Quick ratio |
11,48 |
0,28 |
1,58 |
|
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|
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Current ratio |
11,48 |
0,28 |
1,58 |
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Working capital/ balance total |
0,81 |
-0,23 |
0,03 |
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|
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Equity / balance total |
0,16 |
0,54 |
0,62 |
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Equity / Fixed assets |
1,43 |
0,60 |
0,66 |
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Equity / liabilities |
0,20 |
1,19 |
1,61 |
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Balance total / liabilities |
1,20 |
2,19 |
2,61 |
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|
|
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Working capital |
863.072.512 |
-375.823.360 |
36.498.192 |
|
|
|
|
|
|
Equity |
174.377.423 |
890.725.178 |
886.178.608 |
|
Mutation equity |
|
0,51 |
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|
|
|
|
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Mutation short term liabilities |
|
738,15 |
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Return on total assets (ROA) |
-77,48 |
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Return on equity (ROE) |
-474,08 |
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Gross profit margin |
-19,33 |
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Net profit margin |
-2.237,65 |
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Average collection ratio |
0,45 |
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Average payment ratio |
0,04 |
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Equity turnover ratio |
0,21 |
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Total assets turnover ratio |
0,03 |
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Fixed assets turnover ratio |
0,30 |
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Turnover |
36.944.769 |
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Gross margin |
6.011.840 |
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Operating result |
-7.142.082 |
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Net result after taxes |
-826.693.122 |
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Cashflow |
-817.117.459 |
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EBIT |
-7.142.082 |
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EBITDA |
2.433.581 |
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Summary
The
2014 financial result structure is a postive working captial of 863.072.512 euro,
which is in agreement with 81 % of the total assets of the company. The current
ratio of the company in 2014 was 11.48. If the current ratio exeeds 3.0, the
company may not be using its current assets or its short-term financing
facilities efficiently . The quick ratio in 2014 of the company was 11.48. 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 There
is no financial data published
Type of annual account Corporate
Annual account AE-Rotor
Holding B.V.
Jan Tinbergenstraat 290
7559ST HENGELO OV
Netherlands
Registration number: 08097459
Balance
|
Year |
2014 |
2012 |
2011 |
|
End date |
2014-03-31 |
2012-03-31 |
2011-03-31 |
|
Intangible fixed assets |
25.071.663 |
5.917.144 |
10.029.000 |
|
Financial fixed assets |
96.500.059 |
1.482.232.661 |
1.328.730.614 |
|
Fixed assets |
121.571.722 |
1.488.149.805 |
1.338.759.614 |
|
|
|
|
|
|
Total receivables |
945.299.284 |
145.918.871 |
92.878.901 |
|
Liquid funds |
128.728 |
2.505.831 |
6.167.781 |
|
|
|
|
|
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Current assets |
945.428.012 |
148.424.702 |
99.046.682 |
|
Total assets |
1.066.999.734 |
1.636.574.507 |
1.437.806.296 |
|
|
|
|
|
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Issued capital |
636.440.000 |
635.440.000 |
635.440.000 |
|
Share premium reserve |
526.707.811 |
283.500.000 |
283.500.000 |
|
|
|
|
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Legal and statutory reserve |
25.070.963 |
5.914.044 |
10.024.700 |
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|
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Other reserves |
-1.013.841.351 |
-34.128.866 |
-42.786.092 |
|
|
|
|
|
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Total reserves |
-462.062.577 |
255.285.178 |
250.738.608 |
|
Total equity |
174.377.423 |
890.725.178 |
886.178.608 |
|
|
|
|
|
|
Long term interest yielding debt |
810.266.811 |
221.601.267 |
489.079.198 |
|
|
|
|
|
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Long term liabilities |
810.266.811 |
221.601.267 |
489.079.198 |
|
Accounts payable |
1.256.947 |
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|
|
|
|
|
|
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Other short term liabilities |
81.098.553 |
|
|
|
|
|
|
|
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Short term liabilities |
82.355.500 |
524.248.062 |
62.548.490 |
|
Total short and long term liabilities |
892.622.311 |
745.849.329 |
551.627.688 |
|
Total liabilities |
1.066.999.734 |
1.636.574.507 |
1.437.806.296 |
Summary
In
2014 the assets of the company were 11.39 % composed of fixed assets and 88.61 %
by current assets. The assets are being financed by an equity of 16.34 %, and
total debt of 83.66 %.
Profit
and loss
|
Year |
|
2014 |
|
|
Revenues |
36.944.769 |
|
|
|
|
|
|
|
|
Net turnover |
36.944.769 |
|
|
|
|
|
|
|
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Gross margin |
6.011.840 |
|
|
|
|
|
|
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Wages and salaries |
164.026 |
|
|
|
|
|
|
|
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Amorization and depreciation |
9.575.663 |
|
|
|
|
|
|
|
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Sales |
30.932.929 |
|
|
|
|
|
|
|
|
other operating costs |
3.414.233 |
|
|
|
|
|
|
|
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Operating expenses |
44.086.851 |
|
|
|
|
|
|
|
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Result in subsidiaries |
-859.323.297 |
|
|
|
|
|
|
|
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Operating result |
-7.142.082 |
|
|
|
|
|
|
|
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Financial income |
97.877.671 |
|
|
|
|
|
|
|
|
Financial expenses |
58.105.414 |
|
|
|
|
|
|
|
|
Financial result |
39.772.257 |
|
|
|
|
|
|
|
|
Result on ordinary operations before taxes |
-826.693.122 |
|
|
|
|
|
|
|
|
Result of ordinary activities after taxes |
-826.693.122 |
|
|
|
|
|
|
|
|
Net result |
-826.693.122 |
|
|
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 -474.08
in the year 2014.
Analysis
Branch (SBI) Financial
institutions, except insurance and pension funding (SBI code 64)
Region Twente
Summary In the
Netherlands 377806 of the companies are registered with the SBI code 64
In the
region Twente 14077 of the companies are registered with the SBI code 64
In the
Netherlands 3279 of the bankrupcties are published within this sector
In the
region Twente 203 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 Twente is Low
Publications
Deposits 30-03-2015:
De jaarrekening over 2014 (gebroken boekjaar) is gepubliceerd.
18-03-2013: De jaarrekening over
2012 (gebroken boekjaar) is gepubliceerd.
30-05-2012: De jaarrekening over
2011 (gebroken boekjaar) is gepubliceerd.
16-05-2012: De jaarrekening over
2010 (gebroken boekjaar) is gepubliceerd.
Functions 27-06-2012:
Per 01-04-2012 is bestuurder Kirtikant Vagadia in functie getreden.
15-06-2012: Per 01-04-2012 is bestuurder Robin Banerjee uit functie
getreden.
Amendments 16-09-2013:
Geplaatst kapitaal gewijzigd in EUR 636.440.000,00 Gestort kapitaal gewijzigd
in EUR 636.440.000,00.
Other 12-12-2014:
... Datum deponering: 10-12-2014 Soort deponering: Geconsolideerde jaarrekening
Soort deponering: Geconsolideerde jaarrekening (art. 408 BW2). 07-03-2014:
Datum deponering: 18-02-2014 Soort deponering: Geconsolideerde jaarrekening
(art. 408 BW2).
Company
structure
Relations 4
Company Registration
number
AE-Rotor Holding B.V. (HENGELO OV) 08097459
| - - Suzlon Energy B.V. (AMSTERDAM) 08097857
| - - SE Blades Technology B.V. (HENGELO OV) 08097855
| - - Valum
Holding B.V. (AMSTERDAM) 24105396
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian
Rupees |
|
US Dollar |
1 |
Rs.64.89 |
|
UK Pound |
1 |
Rs.100.39 |
|
Euro |
1 |
Rs.73.52 |
INFORMATION DETAILS
|
Analysis
Done by : |
RAS |
|
|
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|
Report
Prepared by : |
TRU |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.