MIRA INFORM REPORT
|
Report No. : |
346012 |
|
Report Date : |
26.10.2015 |
IDENTIFICATION DETAILS
|
Name : |
FLOWSERVE B.V. |
|
|
|
|
Registered Office : |
Parallelweg 6, 4878AH Etten-Leur |
|
|
|
|
Country : |
Netherlands
|
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
01.01.1971 |
|
|
|
|
Com. Reg. No.: |
20052878 |
|
|
|
|
Legal Form : |
Private Company |
|
|
|
|
Line of Business : |
Manufacturing,
selling and providing services (service) (at respect), whether or not
standardized mechanical centrifugal pumps and related systems and products for
the oil and petrochemical industries, power plants and related industries.
Repair and adjustment of pumps. Provision of manpower. |
|
|
|
|
No. of Employees : |
1220 [2015] |
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 Flowserve
B.V.
Operative address Parallelweg 6
4878AH Etten-Leur
Netherlands
Legal form Private Company
Registration number KvK-nummer:
20052878
VAT-number 006147616
|
Year |
2013 |
Mutation |
2012 |
Mutation |
2011 |
|
Fixed assets |
389.580.000 |
-50,22 |
782.681.000 |
15,33 |
678.642.000 |
|
Total receivables |
493.821.000 |
131,72 |
213.109.000 |
24,61 |
171.016.000 |
|
Total equity |
765.374.000 |
-2,17 |
782.389.000 |
22,73 |
637.481.000 |
|
Short term liabilities |
132.550.000 |
8,92 |
121.694.000 |
10,27 |
110.359.000 |
|
Net result |
55.473.000 |
-12,54 |
63.427.000 |
-4,91 |
66.702.000 |
|
Working capital |
408.498.000 |
183,84 |
143.919.000 |
42,65 |
100.889.000 |
|
Quick ratio |
3,73 |
111,93 |
1,76 |
12,82 |
1,56 |
Contact
information
Company name Flowserve B.V.
Trade names Flowserve
BW/IP International
BW/IP International Pump Division
BW/IP International Seal Division
IDP Pumps
Worthington Pumps
Jeumont-Schneider Pumps
Pleuger Pumps
Flowserve Pump Division
Flowserve Flow Control Division
Flowserve Flow Solutions Division-Seal Group
Flowserve Flow Solutions Group
Flowserve Fluid Sealing Division
Flowserve Pump Division - Engineered Services
Flowserve Rotating Equipment Division
Flowserve Servicerepair Division
Integrated Solutions
Valtek Nederland
Flowserve Parts Manufacturing Center
Flowserve Integrated Solutions
Flowserve Rotating Equipment
Flowserve QRC Terneuzen
Flowserve Engineered Products Division - Seal
Operations
Operative address Parallelweg 6
4878AH Etten-Leur
Netherlands
Correspondence address Parallelweg 6
4878AH Etten-Leur
Netherlands
Telephone number 0765028200
Fax number 0765028487
Email address info@flowserve.com
Website www.flowserve.com
Registration
Registration number KvK-nummer:
20052878
Branch number 000017487390
VAT-number 006147616
Status Active
First registration company register 1987-04-29
Memorandum 1987-04-29
Establishment date 1971-01-01
Legal form Private Company
Legal person since 1987-04-29
Last proposed admendment 2007-09-12
Issued placed capital EUR 471.932
Paid up share capital EUR 471.932
Activities
SBI 2813: Manufacture
of non-hydraulic pumps and compressors
2814: Manufacture of taps
78202: Job pools (no employment projects)
Exporter No
Importer No
Branche organisations HPG - Holland Pomp
Groep
FF-BENELUX -
Vereniging Fieldbus Foundation Benelux
Goal Manufacturing , selling and providing
services ( service ) (at respect ),
whether or not standardized mechanical centrifugal pumps and related
systems and products for the oil and petrochemical industries , power plants and
related industries. Repair and adjustment of pumps. Provision of manpower.
Relations
Branches Flowserve
B.V.
Borchwerf 20
4704RG ROOSENDAAL
Netherlands
Registration number: 20052878
Flowserve B.V.
Parallelweg 6(FPD)
4878AH ETTEN-LEUR
Netherlands
Registration number: 20052878
Flowserve B.V.
Lansinkesweg 30(FSG)
7553AE HENGELO OV
Netherlands
Registration number: 20052878
Flowserve B.V.
Parallelweg 6(FSD)
4878AH ETTEN-LEUR
Netherlands
Registration number: 20052878
Flowserve B.V.
Lansinkesweg 30FSG
7553AE HENGELO OV
Netherlands
Registration number: 20052878
Flowserve B.V.
Ambachtsstraat 15
3176PR POORTUGAAL
Netherlands
Registration number: 20052878
Flowserve B.V.
Parallelweg 6(FRED
4878AH ETTEN-LEUR
Netherlands
Registration number: 20052878
Flowserve B.V.
Parallelweg 6(FSG)
4878AH ETTEN-LEUR
Netherlands
Registration number: 20052878
Flowserve B.V.
Herbert H. Dowweg 5HNR.264-265
4542NM HOEK
Netherlands
Registration number: 20052878
Flowserve B.V.
Parallelweg 15
4878AH ETTEN-LEUR
Netherlands
Registration number: 20052878
Companies on same address (number) 20
Bank
details
Accounts ABN
Amro Bank NV
Account number: NL34RBOS0540272345
BIC: ABNANL2A
ABN Amro Bank NV
Account number: NL36RBOS0526185872
BIC: ABNANL2A
ABN Amro Bank NV
Account number: NL57RBOS0404124089
BIC: ABNANL2A
Management
Active management Coöperatie
Flowserve W.A.
Parallelweg 6
4878AH ETTEN-LEUR
Netherlands
Registration number: 50289322
Competence: Fully authorized
Function: Manager
Starting date: 2013-12-06
L.E. Alverson Luke Edward
Netherlands
Competence: Fully authorized
Function: Manager
Starting date: 2013-04-23
Date of birth: 1977-12-11, Texas, US
G.J. de Heer Gerrit Jan
Netherlands
Competence: Limited authorization
Function: Proxy
Starting date: 2013-07-01
Date of birth: 1979-12-05, Voorburg, NL
H.C. Verkaik - Huijgen Hendrika Cornelia
Netherlands
Competence: Limited authorization
Function: Proxy
Starting date: 2013-09-12
Date of birth: 1969-05-03, Alblasserdam, NL
Involved with the following companies:
Flowserve Flow Control B.V.
Rechtzaad 17
4703RC ROOSENDAAL
Netherlands
Registration number: 20042924
Function: Proxy
Employees
|
Total according
to the Chamber of Commerce |
1220 |
|
|
|
|
|
Year |
2015 |
2014 |
2013 |
2012 |
2011 |
|
Total |
1220 |
1220 |
840 |
798 |
758 |
Payments
|
|
|
Description |
The payments are
regular |
Key
figures
|
|||||
|
Year |
2013 |
2012 |
2011 |
2010 |
2009 |
|
Quick ratio |
3,73 |
1,76 |
1,56 |
1,29 |
0,90 |
|
Current ratio |
4,08 |
2,18 |
1,91 |
1,60 |
1,27 |
|
Working capital/ balance
total |
0,44 |
0,14 |
0,11 |
0,11 |
0,12 |
|
Equity / balance
total |
0,82 |
0,75 |
0,72 |
0,67 |
0,24 |
|
Equity / Fixed
assets |
1,96 |
1,00 |
0,94 |
0,95 |
0,52 |
|
Equity / liabilities |
4,63 |
2,94 |
2,53 |
2,00 |
0,31 |
|
Balance total /
liabilities |
5,63 |
3,94 |
3,53 |
3,00 |
1,31 |
|
Working capital |
408.498.000 |
143.919.000 |
100.889.000 |
109.090.000 |
186.626.000 |
|
Equity |
765.374.000 |
782.389.000 |
637.481.000 |
651.728.000 |
386.812.000 |
|
Year |
2013 |
2012 |
2011 |
2010 |
2009 |
|
Mutation equity |
-2,17 |
22,73 |
-2,19 |
68,49 |
23,66 |
|
Mutation short term
liabilities |
8,92 |
10,27 |
-39,43 |
-73,47 |
-9,91 |
|
Return on total
assets (ROA) |
5,57 |
4,93 |
5,26 |
3,30 |
7,71 |
|
Return on equity
(ROE) |
6,78 |
6,60 |
7,34 |
4,95 |
32,26 |
|
Gross profit margin |
7,08 |
8,39 |
6,58 |
8,29 |
11,54 |
|
Net profit margin |
20,68 |
26,47 |
27,55 |
88,92 |
5,67 |
|
Average collection ratio |
2,02 |
1,97 |
2,19 |
1,60 |
1,98 |
|
Average payment ratio |
0,54 |
1,12 |
1,42 |
1,24 |
3,90 |
|
Equity turnover ratio |
0,35 |
0,31 |
0,38 |
0,45 |
3,52 |
|
Total assets turnover
ratio |
0,29 |
0,23 |
0,27 |
0,30 |
0,84 |
|
Fixed assets turnover
ratio |
0,69 |
0,31 |
0,36 |
0,42 |
1,83 |
|
Inventory conversion ratio |
5,71 |
4,66 |
6,13 |
5,24 |
5,31 |
|
Turnover |
268.295.000 |
239.655.000 |
242.096.000 |
290.944.000 |
1.361.582.000 |
|
Gross margin |
69.896.000 |
65.549.000 |
48.774.000 |
69.816.000 |
398.092.000 |
|
Operating result |
18.982.000 |
20.109.000 |
15.929.000 |
24.129.000 |
157.085.000 |
|
Net result after
taxes |
55.473.000 |
63.427.000 |
66.702.000 |
258.718.000 |
77.142.000 |
|
Cashflow |
|
66.789.000 |
|
271.756.000 |
|
|
Gross profit |
268.295.000 |
|
|
|
|
|
EBIT |
18.982.000 |
20.109.000 |
15.929.000 |
24.129.000 |
157.085.000 |
|
EBITDA |
|
23.471.000 |
|
37.167.000 |
|
Summary
The 2013 financial result structure is a postive working captial of
408.498.000 euro, which is
in agreement with 44 % of the total assets of the company.
The working capital has increased with 183.84 % 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 4.08. 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 2013 of the company was 3.73. 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
143.919.000 euro, which is
in agreement with 14 % of the total assets of the company.
The working capital has increased with 42.65 % compared to previous
year. The ratio, with
respect to the total assets of the company has however, increased.
The improvement between 2011 and 2012 has mainly been caused by an increase
of the
current assets.
The current ratio of the company in 2012 was 2.18. A company with a
current ratio between
1.5 and 3.0 generally indicates good short-term financial strength.
The quick ratio in 2012 of the company was 1.76. 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 Flowserve
B.V.
Parallelweg 6
4878AH Etten-Leur
Netherlands
Registration number: 20052878
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 |
|
|
188.000 |
33.250.000 |
367.097.000 |
|
Tangible fixed assets |
21.916.000 |
21.173.000 |
21.620.000 |
22.806.000 |
115.668.000 |
|
Financial fixed assets |
367.664.000 |
761.508.000 |
656.834.000 |
629.550.000 |
263.065.000 |
|
Fixed assets |
389.580.000 |
782.681.000 |
678.642.000 |
685.606.000 |
745.830.000 |
|
Total stock |
46.985.000 |
51.441.000 |
39.521.000 |
55.523.000 |
256.400.000 |
|
Accounts receivable |
43.673.000 |
43.113.000 |
55.053.000 |
53.540.000 |
240.349.000 |
|
Other receivables |
450.148.000 |
169.996.000 |
115.963.000 |
180.968.000 |
108.940.000 |
|
Total receivables |
493.821.000 |
213.109.000 |
171.016.000 |
234.508.000 |
349.289.000 |
|
Year |
2013 |
2012 |
2011 |
2010 |
2009 |
|
End date |
2013-12-31 |
2012-12-31 |
2011-12-31 |
2010-12-31 |
2009-12-31 |
|
Liquid funds |
242.000 |
1.063.000 |
711.000 |
1.265.000 |
267.682.000 |
|
Current assets |
541.048.000 |
265.613.000 |
211.248.000 |
291.296.000 |
873.371.000 |
|
Total assets |
930.628.000 |
1.048.294.000 |
889.890.000 |
976.902.000 |
1.619.201.000 |
|
Issued capital |
472.000 |
472.000 |
472.000 |
472.000 |
|
|
Share premium reserve |
290.857.000 |
290.857.000 |
188.219.000 |
188.219.000 |
|
|
Other reserves |
418.572.000 |
491.060.000 |
448.790.000 |
463.037.000 |
|
|
Non-distributable profit |
55.473.000 |
|
|
|
|
|
Total reserves |
764.902.000 |
781.917.000 |
637.009.000 |
651.256.000 |
|
|
Minority interests |
|
|
|
|
398.000 |
|
Total equity |
765.374.000 |
782.389.000 |
637.481.000 |
651.728.000 |
386.812.000 |
|
Provisions |
3.050.000 |
2.416.000 |
255.000 |
1.173.000 |
93.840.000 |
|
Long term interest
yielding debt |
29.654.000 |
141.795.000 |
141.795.000 |
141.795.000 |
451.406.000 |
|
Long term liabilities |
29.654.000 |
141.795.000 |
141.795.000 |
141.795.000 |
451.406.000 |
|
Accounts payable |
36.433.000 |
44.074.000 |
41.805.000 |
54.286.000 |
157.359.000 |
|
Other short term
liabilities |
96.117.000 |
77.620.000 |
68.554.000 |
127.920.000 |
529.386.000 |
|
Short term liabilities |
132.550.000 |
121.694.000 |
110.359.000 |
182.206.000 |
686.745.000 |
|
Total short and
long term liabilities |
165.254.000 |
265.905.000 |
252.409.000 |
325.174.000 |
1.231.991.000 |
|
Total liabilities |
930.628.000 |
1.048.294.000 |
889.890.000 |
976.902.000 |
1.619.201.000 |
Summary
The total assets of the company decreased with -11.22 % between 2012 and
2013.
This downturn is mainly retrievable in the fixed asset decrease of
-50.22 %.
Assets reduction is explained by a Net Worth decrease of -2.17 %, and an
indebtedness
reduction of -37.85 %.
In 2013 the assets of the company were 41.86 % composed of fixed assets
and 58.14 % by
current assets. The assets are being financed by an equity of 82.24 %,
and total debt of
17.76 %.
The total assets of the company increased with 17.8 % between 2011 and
2012.
The fixed asset growth of 15.33 % is lower than the total asset growth.
The asset growth has mainly been financed by a Net Worth increase of
22.73 %. Debt,
however, grew with 5.35 %.
In 2012 the assets of the company were 74.66 % composed of fixed assets
and 25.34 % by
current assets. The assets are being financed by an equity of 74.63 %,
and total debt of
25.37 %.
Profit
and loss
|
Year |
2013 |
2012 |
2011 |
2010 |
2009 |
|
Revenues |
269.625.000 |
239.655.000 |
242.096.000 |
290.944.000 |
1.361.582.000 |
|
Other
operating income |
1.330.000 |
|
|
|
|
|
Net
turnover |
268.295.000 |
239.655.000 |
242.096.000 |
290.944.000 |
1.361.582.000 |
|
Gross
margin |
69.896.000 |
65.549.000 |
48.774.000 |
69.816.000 |
398.092.000 |
|
Wages
and salaries |
|
|
7.558.000 |
|
|
|
Amorization
and depreciation |
|
3.362.000 |
|
13.038.000 |
|
|
Sales |
198.399.000 |
174.106.000 |
193.322.000 |
221.128.000 |
241.007.000 |
|
other
operating costs |
52.244.000 |
42.078.000 |
25.287.000 |
32.649.000 |
|
|
Operating
expenses |
250.643.000 |
219.546.000 |
226.167.000 |
266.815.000 |
1.204.497.000 |
|
Operating
result |
18.982.000 |
20.109.000 |
15.929.000 |
24.129.000 |
157.085.000 |
|
Financial
income |
43.206.000 |
43.322.000 |
43.101.000 |
25.595.000 |
5.751.000 |
|
Financial
expenses |
10.332.000 |
11.765.000 |
12.251.000 |
17.455.000 |
38.046.000 |
|
Financial
result |
32.874.000 |
31.557.000 |
30.850.000 |
8.140.000 |
-32.295.000 |
|
Result
on ordinary operations before taxes |
51.856.000 |
51.666.000 |
46.779.000 |
32.269.000 |
124.790.000 |
|
Taxation
on the result of ordinary activities |
13.600.000 |
12.115.000 |
12.515.000 |
8.276.000 |
50.850.000 |
|
Result
of ordinary activities after taxes |
38.256.000 |
39.551.000 |
34.264.000 |
23.993.000 |
73.940.000 |
|
Result
subsidiaries after taxes |
17.217.000 |
23.876.000 |
32.438.000 |
234.725.000 |
3.509.000 |
|
Net
result |
55.473.000 |
63.427.000 |
66.702.000 |
258.718.000 |
77.142.000 |
|
Attributable
to third parties |
|
|
|
|
307.000 |
Summary
The turnover of the company grew with 11.95 % between 2012 and 2013.
The gross profit of the company grew with 6.63 % between 2012 and 2013.
The operating result of the company declined with -5.6 % between 2012
and 2013. This
evolution implies an decrease of the company's economic profitability.
The result of these changes is an increase of the company's Economic
Profitability of 12.98
% of the analysed period, being equal to 5.57 in the year 2013.
This growth has contributed to the increase in assets turnover,
increasing by 26.09 %
reaching 0.29.
The Net Result of the company decreased by -12.54 % between 2012 and
2013.
The company's Financial Profitability has been negatively affected by
the financial activities in
comparison to the EBITs behaviour. The result of these variations is a
profitability reduction
of 2.73 % of the analysed period, being 6.78 in the year 2013.
The company's financial structure has slowed down its financial
profitability.
The turnover of the company decreased by -1.01 % between 2011 and 2012.
The gross profit of the company grew with 34.39 % between 2011 and 2012.
The operating result of the company grew with 26.24 % between 2011 and
2012. This
evolution implies an increase of the company's economic profitability.
The result of these changes is a reduction of the company's Economic
Profitability of -6.27 %
of the analysed period, being equal to 4.93 in the year 2012.
This fall has contributed to a asset turnover decrease, whose index
evolved from -14.81 to a
level of 0.23.
The Net Result of the company decreased by -4.91 % between 2011 and
2012.
The company's Financial Profitability has been negatively affected by
the financial activities in
comparison to the EBITs behaviour. The result of these variations is a
profitability reduction
of -10.08 % of the analysed period, being 6.6 in the year 2012.
The company's financial profitability has been positively affected by
its financial structure.
Analysis
Branch (SBI) Manufacture of
machinery and equipment n.e.c. (SBI code 28)
Region West-Brabant
Summary In the Netherlands
4630 of the companies are registered with the SBI code 28
In the region West-Brabant 194 of the
companies are registered with the SBI code 28
In the Netherlands 136 of the bankrupcties
are published within this sector
In the region West-Brabant 7 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 West-Brabant is normal
Publications
Deposits 27-01-2015: De
jaarrekening over 2013 is gepubliceerd.
22-11-2013: De
jaarrekening over 2012 is gepubliceerd.
07-11-2012: De
jaarrekening over 2011 is gepubliceerd.
25-08-2011: De
jaarrekening over 2010 is gepubliceerd.
Functions 09-01-2014: Per
02-01-2014 is gevolmachtigde Lidwina Petronella Maria Dunk uit functie
getreden.
17-12-2013: Per 06-12-2013 is bestuurder
50289322 Coöperatie Flowserve W.A. in functie getreden.
03-12-2013: Per 14-11-2013 is gevolmachtigde
Robert Joan Maria van den Bogaard uit functie getreden.
25-11-2013: Per 31-10-2013 is bestuurder
Johannes Jan Jacques Slabbekoorn uit functie getreden.
24-09-2013: Per 12-09-2013 is gevolmachtigde
Hendrika Cornelia Verkaik-Huijgen in functie getreden.
06-09-2013: Per 01-09-2013 is bestuurder
Cornelis Hendrik Pruim uit functie getreden.
02-07-2013: Per 01-07-2013 is gevolmachtigde
Gerrit Jan de Heer in functie getreden.
14-05-2013: Per 23-04-2013 is bestuurder Luke
Edward Alverson in functie getreden.
14-05-2013: Per 23-04-2013 is bestuurder John
Michael Nanos uit functie getreden.
18-12-2012: Per 01-11-2010 is gevolmachtigde
Robert Joan Maria van den Bogaard in functie getreden.
28-09-2012: Per 01-09-2012 is gevolmachtigde
Elisabeth Wilhelmina Catharina de Jong uit functie getreden.
28-09-2012: Per 01-09-2012 is gevolmachtigde
Elisabeth Wilhelmina Catharina de Jong in functie getreden.
16-04-2012: Per 01-01-2009 is gevolmachtigde
Gesuino Vaccani uit functi getreden.
Mergers 27-02-2013: Op
25-02-2013 splitsingsakte (afsplitsing) verleden. Splitsende rechtspersoon:
Flowserve B.V., 20052878 Verkrijgende
rechtspersoon: Flowserve Germany Holdings B.V., 57323933.
15-11-2012: Splitsingsvoorstel: Op 14-11-2012
voorstel tot afsplitsing gedeponeerd.
Splitsende rechtspersoon: Flowserve B.V.,
20052878 Verkrijgende rechtspersoon: nieuw op te richten Besloten Vennootschap:
Flowserve Germany Holdings B.V..
Other 22-11-2013: ...
Datum deponering: 21-11-2013 Soort deponering: Geconsolideerde jaarrekening
(art. 408 BW2).
28-12-2012: ... Datum deponering: 24-12-2012 Soort
deponering: Vennootschap voldoet aan voorwaarden voor bijzondere structuur
(art. 63b lid1/ 153 lid1/ 263 lid1 BW2).
Company
structure
Relations 6
|
Company |
Registration
Number |
|
Flowserve B.V. (Etten-Leur) |
20052878 |
|
| - - Flowserve Finance
B.V. (ETTEN-LEUR) |
34138212 |
|
| - -
SIHI Group B.V.
(ETTEN-LEUR) |
33143018 |
|
| - -
| - -
Sterling Fluid Systems
(IP) B.V. (ETTEN-LEUR) |
33147772 |
|
| - -
| - -
Sterling SIHI (Netherlands) B.V.
(BEVERWIJK) |
34035585 |
|
| - -
Flowserve Netherlands Management
B.V. (ETTEN-LEUR) |
20130060 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.64.88 |
|
|
1 |
Rs.99.89 |
|
Euro |
1 |
Rs.72.06 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
TPT |
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.